# EDGAR Filing Document

**Accession Number:** 0000909466
**File Stem:** 0000909466-26-000049
**Filing Date:** 2026-1
**Character Count:** 965402
**Document Hash:** bbeb98cd7ab4214e9c92bbdf1d023428
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000909466-26-000049.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0000909466-26-000049

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**PERIOD START**: 20260228

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07890
- **FILM NUMBER:** 26575365

**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 HIGH YIELD MUNICIPAL FUND (Series ID: S000027866)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000084619 | CLASS A      | ACTHX           |
| C000084621 | CLASS C      | ACTFX           |
| C000084622 | CLASS Y      | ACTDX           |
| C000109478 | Class R5     | ACTNX           |
| C000188917 | Class R6     | ACTSX           |

## Nport-Ex

**Schedule of Investments** 

*November 30, 2025*

*(Unaudited)*

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Municipal Obligations–107.13%** | **Municipal Obligations–107.13%** | **Municipal Obligations–107.13%** | **Municipal Obligations–107.13%** | **Municipal Obligations–107.13%** |
| **Alabama–1.78%** | **Alabama–1.78%** | **Alabama–1.78%** | **Alabama–1.78%** | **Alabama–1.78%** |
| &nbsp;&nbsp;&nbsp; Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the <br> Aging); Series 2016, RB<br>| 5.75% | 06/01/2045 | $8950 | &nbsp;&nbsp; $8531234 |
| Black Belt Energy Gas District (Gas); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 B, RB | 5.00% | 10/01/2035 | 20000 | &nbsp;&nbsp; 20723304 |
| &nbsp;&nbsp;&nbsp; Series 2025 C, RB<sup>(a)(b)</sup> <br>| 5.50% | 08/01/2034 | 8800 | &nbsp;&nbsp; 9335855 |
| Black Belt Energy Gas District (The) (Gas); Series 2022 F, RB<sup>(b)</sup> <br>| 5.50% | 12/01/2028 | 4000 | &nbsp;&nbsp; 4229450 |
| Hoover (City of), AL Industrial Development Board (United States Steel Corp.); Series 2019, RB<sup>(c)</sup> <br>| 5.75% | 10/01/2049 | 10250 | &nbsp;&nbsp; 10392504 |
| Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007, RB (Acquired 03/25/2020; Cost $945,200)<sup>(d)(e)</sup> <br>| 5.50% | 01/01/2028 | 1390 | &nbsp;&nbsp; 992113 |
| &nbsp;&nbsp;&nbsp; Series 2007, RB (Acquired 04/27/2007-03/25/2019; Cost $18,675,698)<sup>(d)(e)</sup> <br>| 5.50% | 01/01/2043 | 21290 | &nbsp;&nbsp; 15195737 |
| &nbsp;&nbsp;&nbsp; Series 2008 A, RB (Acquired 06/30/2008-11/12/2009; Cost $4,404,879)<sup>(d)(e)</sup> <br>| 6.88% | 01/01/2043 | 4470 | &nbsp;&nbsp; 3190462 |
| &nbsp;&nbsp;&nbsp; Series 2011 A, RB (Acquired 09/20/2011; Cost $2,561,987)<sup>(d)(e)</sup> <br>| 7.50% | 01/01/2047 | 2600 | &nbsp;&nbsp; 1855750 |
| &nbsp;&nbsp;&nbsp; Series 2012 A, RB (Acquired 11/07/2012; Cost $6,575,000)<sup>(d)(e)</sup> <br>| 5.63% | 01/01/2042 | 6575 | &nbsp;&nbsp; 4692906 |
| Jefferson (County of), AL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. Revenue Wts. | 5.25% | 10/01/2049 | 10000 | &nbsp;&nbsp; 10401710 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. Revenue Wts. | 5.50% | 10/01/2053 | 5000 | &nbsp;&nbsp; 5270200 |
| Mobile (County of), AL Industrial Development Authority (AM/NS Calvert LLC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 5.00% | 06/01/2054 | 8900 | &nbsp;&nbsp; 8644564 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 4.75% | 12/01/2054 | 17155 | &nbsp;&nbsp; 16031639 |
| &nbsp;&nbsp;&nbsp; Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining); Series 2019 A, Ref. <br> IDR<sup>(a)</sup> <br>| 5.25% | 05/01/2044 | 5100 | &nbsp;&nbsp; 5113635 |
|  |  |  |  | &nbsp;&nbsp; 124601063 |
| **Arizona–3.02%** | **Arizona–3.02%** | **Arizona–3.02%** | **Arizona–3.02%** | **Arizona–3.02%** |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(a)</sup> <br>| 5.00% | 07/01/2039 | 1000 | &nbsp;&nbsp; 1001819 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(a)</sup> <br>| 5.25% | 07/01/2052 | 500 | &nbsp;&nbsp; 470327 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (American Charter Schools Foundation); <br> Series 2017, Ref. RB<sup>(a)</sup> <br>| 6.00% | 07/01/2047 | 15000 | &nbsp;&nbsp; 15237515 |
| Arizona (State of) Industrial Development Authority (Basis Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB<sup>(a)</sup> <br>| 5.13% | 07/01/2037 | 1180 | &nbsp;&nbsp; 1182646 |
| &nbsp;&nbsp;&nbsp; Series 2017 D, Ref. RB<sup>(a)</sup> <br>| 5.00% | 07/01/2051 | 3300 | &nbsp;&nbsp; 3027712 |
| &nbsp;&nbsp;&nbsp; Series 2017 G, Ref. RB<sup>(a)</sup> <br>| 5.00% | 07/01/2051 | 1000 | &nbsp;&nbsp; 917489 |
| Arizona (State of) Industrial Development Authority (Benjamin Franklin Charter School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(a)</sup> <br>| 5.00% | 07/01/2043 | 1000 | &nbsp;&nbsp; 974066 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(a)</sup> <br>| 5.25% | 07/01/2053 | 1000 | &nbsp;&nbsp; 941066 |
| Arizona (State of) Industrial Development Authority (Kaizen Education Foundation); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, RB<sup>(a)</sup> <br>| 5.70% | 07/01/2047 | 9730 | &nbsp;&nbsp; 9751562 |
| &nbsp;&nbsp;&nbsp; Series 2016, RB<sup>(a)</sup> <br>| 5.80% | 07/01/2052 | 4920 | &nbsp;&nbsp; 4929625 |
| Arizona (State of) Industrial Development Authority (Leman Academy of Excellence); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(a)</sup> <br>| 5.00% | 07/01/2039 | 1000 | &nbsp;&nbsp; 993854 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(a)</sup> <br>| 5.00% | 07/01/2049 | 4000 | &nbsp;&nbsp; 3631696 |
| Arizona (State of) Industrial Development Authority (Leman Academy-Parker Colorado); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(a)</sup> <br>| 5.00% | 07/01/2039 | 2635 | &nbsp;&nbsp; 2621362 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(a)</sup> <br>| 5.00% | 07/01/2049 | 2000 | &nbsp;&nbsp; 1832780 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(a)</sup> <br>| 5.00% | 07/01/2054 | 6210 | &nbsp;&nbsp; 5596063 |
| Arizona (State of) Industrial Development Authority (Linder Village); Series 2020, RB<sup>(a)</sup> <br>| 5.00% | 06/01/2031 | 4905 | &nbsp;&nbsp; 4967911 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Mater Academy of Nevada Mountain Vista <br> Campus Project);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(a)</sup> <br>| 5.25% | 12/15/2038 | 1015 | &nbsp;&nbsp; 1018628 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(a)</sup> <br>| 5.50% | 12/15/2048 | 3265 | &nbsp;&nbsp; 3176973 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Phoenix Children's Hospital); Series 2020 A, <br> RB<br>| 4.00% | 02/01/2050 | 15285 | &nbsp;&nbsp; 13603482 |
| &nbsp;&nbsp;&nbsp; Glendale (City of), AZ Industrial Development Authority (Sun Health Services); Series 2019 A, Ref. <br> RB<br>| 5.00% | 11/15/2048 | 9350 | &nbsp;&nbsp; 9261026 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Arizona–(continued)** | **Arizona–(continued)** | **Arizona–(continued)** | **Arizona–(continued)** | **Arizona–(continued)** |
| Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 4.00% | 11/15/2027 | $1010 | &nbsp;&nbsp; $961876 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 11/15/2036 | 2845 | &nbsp;&nbsp; 2427136 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 11/15/2040 | 4985 | &nbsp;&nbsp; 4048620 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 11/15/2045 | 4695 | &nbsp;&nbsp; 3516667 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB | 5.00% | 11/15/2053 | 5970 | &nbsp;&nbsp; 4181987 |
| La Paz (County of), AZ Industrial Development Authority (Kilgore); Series 2025, RB<sup>(a)(f)</sup> <br>| 0.00% | 12/15/2034 | 6950 | &nbsp;&nbsp; 3791465 |
| &nbsp;&nbsp;&nbsp; Maricopa (County of), AZ Industrial Development Authority (Commercial Metals Co.); Series 2022, <br> RB<sup>(a)(c)</sup> <br>| 4.00% | 10/15/2047 | 15700 | &nbsp;&nbsp; 13363959 |
| &nbsp;&nbsp;&nbsp; Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools); <br> Series 2019, Ref. RB<sup>(a)</sup> <br>| 5.00% | 07/01/2054 | 950 | &nbsp;&nbsp; 907011 |
| Maricopa (County of), AZ Industrial Development Authority (Paradise Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(a)</sup> <br>| 5.00% | 07/01/2036 | 2475 | &nbsp;&nbsp; 2479332 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(a)</sup> <br>| 5.00% | 07/01/2047 | 3775 | &nbsp;&nbsp; 3462171 |
| Maricopa (County of), AZ Industrial Development Authority (Valley Christian Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(a)</sup> <br>| 6.00% | 07/01/2043 | 1885 | &nbsp;&nbsp; 1885115 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(a)</sup> <br>| 6.25% | 07/01/2053 | 1900 | &nbsp;&nbsp; 1854782 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(a)</sup> <br>| 6.38% | 07/01/2058 | 1250 | &nbsp;&nbsp; 1225679 |
| Phoenix (City of), AZ Industrial Development Authority (Basis Schools) (The); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB<sup>(a)</sup> <br>| 5.00% | 07/01/2045 | 4015 | &nbsp;&nbsp; 3821952 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(a)</sup> <br>| 5.00% | 07/01/2046 | 2875 | &nbsp;&nbsp; 2711776 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(a)</sup> <br>| 5.00% | 07/01/2046 | 1500 | &nbsp;&nbsp; 1414839 |
| &nbsp;&nbsp;&nbsp; Phoenix (City of), AZ Industrial Development Authority (The) (Legacy Traditional Schools); <br> Series 2015, Ref. RB<sup>(a)</sup> <br>| 5.00% | 07/01/2045 | 1845 | &nbsp;&nbsp; 1801306 |
| &nbsp;&nbsp;&nbsp; Phoenix (City of), AZ Industrial Development Authority (The) (Overland Crossing); Series 2022, <br> RB<sup>(a)</sup> <br>| 9.50% | 04/01/2052 | 7900 | &nbsp;&nbsp; 6958641 |
| Pima (County of), AZ Industrial Development Authority (The) (Acclaim Charter School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006, RB | 5.70% | 12/01/2026 | 280 | &nbsp;&nbsp; 279981 |
| &nbsp;&nbsp;&nbsp; Series 2006, RB | 5.80% | 12/01/2036 | 4385 | &nbsp;&nbsp; 4242890 |
| Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB<sup>(a)</sup> <br>| 5.38% | 06/15/2035 | 2370 | &nbsp;&nbsp; 2371450 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB<sup>(a)</sup> <br>| 5.63% | 06/15/2045 | 3500 | &nbsp;&nbsp; 3499935 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB<sup>(a)</sup> <br>| 5.00% | 06/15/2052 | 6050 | &nbsp;&nbsp; 5424878 |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB<sup>(a)</sup> <br>| 4.00% | 06/15/2051 | 8800 | &nbsp;&nbsp; 6849074 |
| Pima (County of), AZ Industrial Development Authority (The) (Career Success Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(a)</sup> <br>| 5.50% | 05/01/2040 | 1125 | &nbsp;&nbsp; 1126167 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(a)</sup> <br>| 5.75% | 05/01/2050 | 5000 | &nbsp;&nbsp; 4922448 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (The) (Imagine East Mesa Charter Schools); <br> Series 2019, RB<sup>(a)</sup> <br>| 5.00% | 07/01/2049 | 1500 | &nbsp;&nbsp; 1367308 |
| Pima (County of), AZ Industrial Development Authority (The) (Premier Charter High School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(a)</sup> <br>| 7.00% | 07/01/2045 | 2977 | &nbsp;&nbsp; 2478206 |
| &nbsp;&nbsp;&nbsp; Series 2016 B, Ref. RB<sup>(g)</sup> <br>| 2.07% | 07/01/2045 | 1735 | &nbsp;&nbsp; 433839 |
| &nbsp;&nbsp;&nbsp; Series 2016 C, Ref. RB<sup>(g)</sup> <br>| 2.07% | 07/01/2045 | 1036 | &nbsp;&nbsp; 10355 |
| Salt River Project Agricultural Improvement & Power District; Series 2025, RB<sup>(h)</sup> <br>| 5.25% | 01/01/2053 | 12000 | &nbsp;&nbsp; 12779347 |
| Sierra (City of), AZ Vista Industrial Development Authority; Series 2024, Ref. RB<sup>(a)</sup> <br>| 6.13% | 06/01/2057 | 6000 | &nbsp;&nbsp; 5639688 |
| &nbsp;&nbsp;&nbsp; Sierra (City of), AZ Vista Industrial Development Authority (American Leadership Academy Project); <br> Series 2024, RB<sup>(a)</sup> <br>| 5.00% | 06/15/2059 | 3410 | &nbsp;&nbsp; 3031935 |
| Sierra (City of), AZ Vista Industrial Development Authority (Wake Preparatory Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 6.25% | 06/15/2050 | 3525 | &nbsp;&nbsp; 3540815 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 6.50% | 06/15/2055 | 3150 | &nbsp;&nbsp; 3199554 |
| Tempe (City of), AZ Industrial Development Authority (Friendship Village); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.63% | 12/01/2055 | 1000 | &nbsp;&nbsp; 1008047 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.63% | 12/01/2060 | 3090 | &nbsp;&nbsp; 3098385 |
|  |  |  |  | &nbsp;&nbsp; 211256218 |
| **Arkansas–0.46%** | **Arkansas–0.46%** | **Arkansas–0.46%** | **Arkansas–0.46%** | **Arkansas–0.46%** |
| Arkansas (State of) Development Finance Authority (Green Bonds); Series 2022, RB<sup>(c)</sup> <br>| 5.45% | 09/01/2052 | 20290 | &nbsp;&nbsp; 20374981 |
| &nbsp;&nbsp;&nbsp; Arkansas (State of) Development Finance Authority (U.S. Steel Corp.) (Green Bonds); Series 2023, <br> RB<sup>(c)</sup> <br>| 5.70% | 05/01/2053 | 11500 | &nbsp;&nbsp; 11733431 |
|  |  |  |  | &nbsp;&nbsp; 32108412 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **California–8.86%** | **California–8.86%** | **California–8.86%** | **California–8.86%** | **California–8.86%** |
| California (State of); Series 2023, GO Bonds<sup>(h)</sup> <br>| 5.25% | 09/01/2053 | $15000 | &nbsp;&nbsp; $16166598 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization <br> Corp.); Series 2020 B-2, Ref. RB<sup>(f)</sup> <br>| 0.00% | 06/01/2055 | 12780 | &nbsp;&nbsp; 2455922 |
| &nbsp;&nbsp;&nbsp; California (State of) Educational Facilities Authority (Saint Mary's College of California); <br> Series 2023, Ref. RB<br>| 5.50% | 10/01/2053 | 1315 | &nbsp;&nbsp; 1268218 |
| California (State of) Educational Facilities Authority (Stanford University); Series 2014 U-6, RB<sup>(h)</sup> <br>| 5.00% | 05/01/2045 | 15000 | &nbsp;&nbsp; 17402160 |
| &nbsp;&nbsp;&nbsp; California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) <br> (Green Bonds); Series 2025, Ref. RB<sup>(b)(c)</sup> <br>| 12.00% | 11/02/2026 | 33210 | &nbsp;&nbsp; 28228500 |
| California (State of) Infrastructure & Economic Development Bank (WFCS Portfolio Program); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, RB<sup>(a)</sup> <br>| 5.00% | 01/01/2056 | 4300 | &nbsp;&nbsp; 3709902 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(a)(f)</sup> <br>| 0.00% | 01/01/2061 | 69295 | &nbsp;&nbsp; 6076763 |
| California (State of) Municipal Finance Authority (Ascent 613); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(a)</sup> <br>| 5.25% | 01/01/2045 | 2500 | &nbsp;&nbsp; 2487387 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(a)</sup> <br>| 5.38% | 01/01/2055 | 1000 | &nbsp;&nbsp; 979063 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(a)</sup> <br>| 5.50% | 01/01/2060 | 5450 | &nbsp;&nbsp; 5392402 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (Eisenhower Medical Centers); Series 2017 A, <br> Ref. RB<br>| 5.00% | 07/01/2047 | 9635 | &nbsp;&nbsp; 9651343 |
| California (State of) Municipal Finance Authority (Goodwill Industries of Sacramento & Nevada); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(a)</sup> <br>| 6.63% | 01/01/2032 | 630 | &nbsp;&nbsp; 618564 |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(a)</sup> <br>| 6.88% | 01/01/2042 | 1465 | &nbsp;&nbsp; 1389603 |
| California (State of) Municipal Finance Authority (Linxs APM); Series 2018 A, RB<sup>(c)</sup> <br>| 5.00% | 12/31/2047 | 3560 | &nbsp;&nbsp; 3572270 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (Palomar Health); Series 2022 A, Ref. COP (INS - <br> AGI)<sup>(i)</sup> <br>| 5.25% | 11/01/2052 | 3000 | &nbsp;&nbsp; 3092912 |
| California (State of) Pollution Control Financing Authority (Plant Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(a)(c)</sup> <br>| 5.00% | 07/01/2037 | 13500 | &nbsp;&nbsp; 13506232 |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(a)(c)</sup> <br>| 5.00% | 11/21/2045 | 18260 | &nbsp;&nbsp; 18260079 |
| California (State of) Public Finance Authority (Enso Village) (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(a)</sup> <br>| 5.00% | 11/15/2046 | 2000 | &nbsp;&nbsp; 1837603 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(a)</sup> <br>| 5.00% | 11/15/2051 | 1810 | &nbsp;&nbsp; 1619456 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(a)</sup> <br>| 5.00% | 11/15/2056 | 1160 | &nbsp;&nbsp; 1021319 |
| California (State of) Public Finance Authority (Sunrise of Long Beach); Series 2025, RB<sup>(a)</sup> <br>| 6.50% | 06/01/2055 | 7500 | &nbsp;&nbsp; 7759843 |
| California (State of) Public Works Board (Various Capital); Series 2025, RB | 5.00% | 04/01/2050 | 10000 | &nbsp;&nbsp; 10652303 |
| California (State of) School Facilities Financing Authority; Series 2010, RB (INS - AGI)<sup>(f)(i)</sup> <br>| 0.00% | 08/01/2049 | 29405 | &nbsp;&nbsp; 8822894 |
| California (State of) School Finance Authority (Aspire Public Schools Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(a)</sup> <br>| 5.00% | 08/01/2050 | 1200 | &nbsp;&nbsp; 1170159 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(a)</sup> <br>| 5.00% | 08/01/2052 | 2875 | &nbsp;&nbsp; 2780574 |
| California (State of) School Finance Authority (Green Dot Public Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB<sup>(a)</sup> <br>| 5.00% | 08/01/2032 | 595 | &nbsp;&nbsp; 625439 |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB<sup>(a)</sup> <br>| 5.38% | 08/01/2042 | 1150 | &nbsp;&nbsp; 1205741 |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB<sup>(a)</sup> <br>| 5.75% | 08/01/2052 | 1160 | &nbsp;&nbsp; 1214793 |
| &nbsp;&nbsp;&nbsp; California (State of) School Finance Authority (New Designs Charter School); Series 2024, Ref. <br> RB<sup>(a)</sup> <br>| 5.00% | 06/01/2064 | 1600 | &nbsp;&nbsp; 1453861 |
| California (State of) School Finance Authority (TEACH Public Schools); Series 2019 A, RB<sup>(a)</sup> <br>| 5.00% | 06/01/2058 | 500 | &nbsp;&nbsp; 448534 |
| California (State of) Statewide Communities Development Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB (INS - AGI)<sup>(h)(i)</sup> <br>| 5.38% | 08/15/2057 | 10000 | &nbsp;&nbsp; 10331841 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 3.44% | 02/20/2041 | 15667 | &nbsp;&nbsp; 14690871 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Creative Child Care & Team <br> Charter); Series 2015, RB<sup>(a)</sup> <br>| 6.75% | 06/01/2045 | 6220 | &nbsp;&nbsp; 6091035 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Enloe Medical Center); <br> Series 2022 A, RB (INS - AGI)<sup>(i)</sup> <br>| 5.25% | 08/15/2052 | 2000 | &nbsp;&nbsp; 2055636 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Loma Linda University Medical <br> Center);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(a)</sup> <br>| 5.00% | 12/01/2046 | 6630 | &nbsp;&nbsp; 6632621 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(a)</sup> <br>| 5.25% | 12/01/2056 | 25000 | &nbsp;&nbsp; 25002532 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(a)</sup> <br>| 5.50% | 12/01/2058 | 24340 | &nbsp;&nbsp; 24458687 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(a)</sup> <br>| 5.25% | 12/01/2043 | 500 | &nbsp;&nbsp; 504721 |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 6.00% | 05/01/2043 | 15000 | &nbsp;&nbsp; 15314316 |
| &nbsp;&nbsp;&nbsp; Series 2006 A, RB<sup>(f)</sup> <br>| 0.00% | 06/01/2046 | 174450 | &nbsp;&nbsp; 44380272 |
| &nbsp;&nbsp;&nbsp; Series 2006 C, RB<sup>(a)(f)</sup> <br>| 0.00% | 06/01/2055 | 211450 | &nbsp;&nbsp; 16007272 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** |
| Fairfield (City of), CA Community Facilities District No. 2007-1 (Fairfield Commons); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2008, RB | 6.75% | 09/01/2028 | $1710 | &nbsp;&nbsp; $1723796 |
| &nbsp;&nbsp;&nbsp; Series 2008, RB | 6.88% | 09/01/2038 | 4440 | &nbsp;&nbsp; 4471388 |
| Foothill-Eastern Transportation Corridor Agency; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, Ref. RB (INS - AGI)<sup>(f)(i)</sup> <br>| 0.00% | 01/15/2036 | 45000 | &nbsp;&nbsp; 32659330 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, Ref. RB | 6.85% | 01/15/2042 | 5000 | &nbsp;&nbsp; 5745232 |
| Golden State Tobacco Securitization Corp.; Series 2021 B-2, Ref. RB<sup>(f)</sup> <br>| 0.00% | 06/01/2066 | 472403 | &nbsp;&nbsp; 50848183 |
| Inland Empire Tobacco Securitization Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 D, RB<sup>(f)</sup> <br>| 0.00% | 06/01/2057 | 46635 | &nbsp;&nbsp; 3623190 |
| &nbsp;&nbsp;&nbsp; Series 2007 F, RB<sup>(a)(f)</sup> <br>| 0.00% | 06/01/2057 | 99650 | &nbsp;&nbsp; 4996999 |
| Los Angeles (City of), CA Department of Airports; Series 2021 A, Ref. RB<sup>(c)(h)(j)</sup> <br>| 5.00% | 05/15/2051 | 5000 | &nbsp;&nbsp; 5093196 |
| Ontario (City of), CA Public Financing Authority; Series 2025 A, RB | 5.00% | 11/01/2050 | 7500 | &nbsp;&nbsp; 8039422 |
| Sacramento (County of), CA (Metro Air Park Community); Series 2022, Ref. RB | 5.00% | 09/01/2042 | 1000 | &nbsp;&nbsp; 1031490 |
| San Bernardino City Unified School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2011 D, GO Bonds (INS - AGI)<sup>(f)(i)</sup> <br>| 0.00% | 08/01/2036 | 7650 | &nbsp;&nbsp; 5363266 |
| &nbsp;&nbsp;&nbsp; Series 2011 D, GO Bonds (INS - AGI)<sup>(f)(i)</sup> <br>| 0.00% | 08/01/2037 | 13130 | &nbsp;&nbsp; 8774358 |
| &nbsp;&nbsp;&nbsp; Series 2011 D, GO Bonds (INS - AGI)<sup>(f)(i)</sup> <br>| 0.00% | 08/01/2038 | 13515 | &nbsp;&nbsp; 8605936 |
| &nbsp;&nbsp;&nbsp; Series 2011 D, GO Bonds (INS - AGI)<sup>(f)(i)</sup> <br>| 0.00% | 08/01/2039 | 13895 | &nbsp;&nbsp; 8405452 |
| &nbsp;&nbsp;&nbsp; Series 2011 D, GO Bonds (INS - AGI)<sup>(f)(i)</sup> <br>| 0.00% | 08/01/2040 | 14280 | &nbsp;&nbsp; 8185909 |
| &nbsp;&nbsp;&nbsp; Series 2011 D, GO Bonds (INS - AGI)<sup>(f)(i)</sup> <br>| 0.00% | 08/01/2041 | 14080 | &nbsp;&nbsp; 7623385 |
| San Diego (County of), CA Regional Airport Authority; Series 2021 B, RB<sup>(c)</sup> <br>| 4.00% | 07/01/2056 | 2660 | &nbsp;&nbsp; 2363685 |
| San Diego County Regional Airport Authority; Series 2025, RB<sup>(c)(h)(j)</sup> <br>| 5.00% | 07/01/2053 | 25405 | &nbsp;&nbsp; 26115776 |
| San Diego Unified School District (Election of 2008); Series 2012 E, GO Bonds<sup>(k)</sup> <br>| 5.25% | 07/01/2042 | 10000 | &nbsp;&nbsp; 8353497 |
| &nbsp;&nbsp;&nbsp; San Francisco (City & County of), CA Airport Commission (San Francisco International Airport); <br> Second Series 2023 C, Ref. RB<sup>(c)</sup> <br>| 5.75% | 05/01/2048 | 10000 | &nbsp;&nbsp; 10825998 |
| San Jose (City of), CA (Helzer Courts Apartments); Series 1999 A, RB<sup>(c)</sup> <br>| 6.40% | 12/01/2041 | 12013 | &nbsp;&nbsp; 12013992 |
| Savanna School District (Election of 2008); Series 2012 B, GO Bonds (INS - AGI)<sup>(i)(k)</sup> <br>| 6.75% | 02/01/2052 | 7500 | &nbsp;&nbsp; 6437435 |
| Silicon Valley Tobacco Securitization Authority (Santa Clara); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB<sup>(f)</sup> <br>| 0.00% | 06/01/2036 | 10000 | &nbsp;&nbsp; 5585260 |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB<sup>(f)</sup> <br>| 0.00% | 06/01/2047 | 20000 | &nbsp;&nbsp; 4809122 |
| Southern California Logistics Airport Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2008 A, RB<sup>(f)</sup> <br>| 0.00% | 12/01/2045 | 18085 | &nbsp;&nbsp; 6050888 |
| &nbsp;&nbsp;&nbsp; Series 2008 A, RB<sup>(f)</sup> <br>| 0.00% | 12/01/2046 | 18085 | &nbsp;&nbsp; 5693538 |
| &nbsp;&nbsp;&nbsp; Series 2008 A, RB<sup>(f)</sup> <br>| 0.00% | 12/01/2047 | 18085 | &nbsp;&nbsp; 5365639 |
| &nbsp;&nbsp;&nbsp; Series 2008 A, RB<sup>(f)</sup> <br>| 0.00% | 12/01/2048 | 18085 | &nbsp;&nbsp; 4998443 |
| &nbsp;&nbsp;&nbsp; Series 2008 A, RB<sup>(f)</sup> <br>| 0.00% | 12/01/2049 | 18085 | &nbsp;&nbsp; 4748757 |
| &nbsp;&nbsp;&nbsp; Series 2008 A, RB<sup>(f)</sup> <br>| 0.00% | 12/01/2050 | 18085 | &nbsp;&nbsp; 4447944 |
| &nbsp;&nbsp;&nbsp; Southern California Tobacco Securitization Authority (San Diego County Asset Securitization <br> Corp.); Series 2019, Ref. RB<sup>(f)</sup> <br>| 0.00% | 06/01/2054 | 19300 | &nbsp;&nbsp; 3979874 |
| &nbsp;&nbsp;&nbsp; Vallejo (City of), CA Public Financing Authority (Hiddenbrooke Improvement District); Series 2004 <br> A, RB<br>| 5.80% | 09/01/2031 | 2100 | &nbsp;&nbsp; 2113271 |
| Washington Township Health Care District (Election of 2020); Series 2023 B, GO Bonds | 5.50% | 08/01/2053 | 1500 | &nbsp;&nbsp; 1646618 |
|  |  |  |  | &nbsp;&nbsp; 621080510 |
| **Colorado–10.81%** | **Colorado–10.81%** | **Colorado–10.81%** | **Colorado–10.81%** | **Colorado–10.81%** |
| 3rd and Havana Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, GO Bonds | 5.25% | 12/01/2049 | 3200 | &nbsp;&nbsp; 2742744 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 7.75% | 12/15/2049 | 1925 | &nbsp;&nbsp; 1929109 |
| 64th Ave ARI Authority; Series 2020, RB | 6.50% | 12/01/2043 | 14000 | &nbsp;&nbsp; 14132348 |
| Aberdeen Metropolitan District No. 2; Series 2021, Ref. GO Bonds<sup>(k)</sup> <br>| 5.75% | 12/01/2051 | 6055 | &nbsp;&nbsp; 5654213 |
| Amber Creek Metropolitan District; Series 2017 B, GO Bonds<sup>(b)(l)</sup> <br>| 7.75% | 12/15/2025 | 463 | &nbsp;&nbsp; 463820 |
| Aurora Crossroads Metropolitan District No. 2; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 7.75% | 12/15/2050 | 3500 | &nbsp;&nbsp; 3505676 |
| &nbsp;&nbsp;&nbsp; Series 2023 C, GO Bonds | 8.00% | 12/15/2053 | 6653 | &nbsp;&nbsp; 6687624 |
| Aurora Highlands Community Authority Board; Series 2021 A, Ref. RB | 5.75% | 12/01/2051 | 40000 | &nbsp;&nbsp; 38754072 |
| Banning Lewis Ranch Metropolitan District No. 4; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, GO Bonds | 5.75% | 12/01/2048 | 4832 | &nbsp;&nbsp; 4841246 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, GO Bonds | 8.00% | 12/15/2048 | 1206 | &nbsp;&nbsp; 1209097 |
| &nbsp;&nbsp;&nbsp; Series 2018 C, GO Bonds | 8.00% | 12/15/2051 | 4134 | &nbsp;&nbsp; 3712228 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** |
| Banning Lewis Ranch Metropolitan District No. 5; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, GO Bonds | 5.75% | 12/01/2048 | $2165 | &nbsp;&nbsp; $2169143 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, GO Bonds | 8.00% | 12/15/2048 | 511 | &nbsp;&nbsp; 512312 |
| &nbsp;&nbsp;&nbsp; Series 2018 C, GO Bonds | 8.00% | 12/15/2051 | 1942 | &nbsp;&nbsp; 1690026 |
| Banning Lewis Ranch Metropolitan District No. 8; Series 2021, GO Bonds<sup>(a)</sup> <br>| 4.88% | 12/01/2051 | 4500 | &nbsp;&nbsp; 4036598 |
| Banning Lewis Ranch Regional Metropolitan District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, GO Bonds | 5.38% | 12/01/2048 | 2500 | &nbsp;&nbsp; 2443346 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, GO Bonds | 7.75% | 12/15/2041 | 50 | &nbsp;&nbsp; 50138 |
| &nbsp;&nbsp;&nbsp; Series 2018 C, GO Bonds | 8.00% | 12/15/2041 | 1801 | &nbsp;&nbsp; 1512123 |
| Banning Lewis Ranch Regional Metropolitan District No. 2; Series 2021, GO Bonds | 5.75% | 12/01/2051 | 5190 | &nbsp;&nbsp; 5021750 |
| Base Village Metropolitan District No. 2; Series 2016 B, Ref. GO Bonds | 6.50% | 12/15/2048 | 2830 | &nbsp;&nbsp; 2212518 |
| Belford North Metropolitan District; Series 2020 B, GO Bonds | 8.50% | 12/15/2050 | 6500 | &nbsp;&nbsp; 6519324 |
| Bella Mesa Metropolitan District; Series 2024 B, GO Bonds<sup>(a)</sup> <br>| 8.00% | 12/15/2054 | 2000 | &nbsp;&nbsp; 2004558 |
| Bennett Ranch Metropolitan District No. 1; Series 2021 B, GO Bonds | 7.50% | 12/15/2051 | 1221 | &nbsp;&nbsp; 1224154 |
| Berthoud-Heritage Metropolitan District No. 10; Series 2022 B, GO Bonds | 8.00% | 12/15/2052 | 6840 | &nbsp;&nbsp; 6857584 |
| Broadway Station Metropolitan District No. 2; Series 2019 B, GO Bonds<sup>(k)</sup> <br>| 7.50% | 12/01/2048 | 7075 | &nbsp;&nbsp; 5847666 |
| Broadway Station Metropolitan District No. 3; Series 2019 B, GO Bonds<sup>(k)</sup> <br>| 7.50% | 12/01/2049 | 30465 | &nbsp;&nbsp; 21965329 |
| Buffalo Highlands Metropolitan District; Series 2018 B, GO Bonds | 7.63% | 12/15/2046 | 1226 | &nbsp;&nbsp; 1226064 |
| Buffalo Ridge Metropolitan District; Series 2018 B, GO Bonds | 7.38% | 12/15/2047 | 1283 | &nbsp;&nbsp; 1285347 |
| Canyon Pines Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.25% | 12/01/2051 | 6995 | &nbsp;&nbsp; 6139989 |
| &nbsp;&nbsp;&nbsp; Series 2024, GO Bonds<sup>(a)</sup> <br>| 8.25% | 12/01/2053 | 3400 | &nbsp;&nbsp; 3438286 |
| Cascade Ridge Metropolitan District; Series 2021, GO Bonds | 5.00% | 12/01/2051 | 3000 | &nbsp;&nbsp; 2638547 |
| Centerra Metropolitan District No. 1 (In the City of Loveland); Series 2017, RB<sup>(a)</sup> <br>| 5.00% | 12/01/2047 | 500 | &nbsp;&nbsp; 497701 |
| Citadel on Colfax Business Improvement District; Series 2020 B, RB | 7.88% | 12/15/2050 | 465 | &nbsp;&nbsp; 466283 |
| City Center West Commercial Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. GO Bonds | 7.00% | 12/01/2049 | 3929 | &nbsp;&nbsp; 3947153 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 9.00% | 12/15/2049 | 581 | &nbsp;&nbsp; 582235 |
| Clear Creek Transit Metropolitan District No. 2; Series 2021 B, GO Bonds | 7.90% | 12/15/2050 | 1160 | &nbsp;&nbsp; 1158600 |
| Colliers Hill Metropolitan District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 B, Ref. GO Bonds | 8.00% | 12/15/2048 | 2114 | &nbsp;&nbsp; 2120234 |
| &nbsp;&nbsp;&nbsp; Series 2021 C, GO Bonds | 7.25% | 12/15/2049 | 2350 | &nbsp;&nbsp; 2354212 |
| Colliers Hill Metropolitan District No. 2; Series 2022 B-2, GO Bonds | 7.63% | 12/15/2042 | 5782 | &nbsp;&nbsp; 5815468 |
| &nbsp;&nbsp;&nbsp; Colorado (State of) Educational & Cultural Facilities Authority (Ascent Classical Academy); <br> Series 2024, Ref. RB<sup>(a)</sup> <br>| 5.50% | 04/01/2044 | 1250 | &nbsp;&nbsp; 1248065 |
| Colorado (State of) Educational & Cultural Facilities Authority (Community Leadership Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2008, RB | 6.25% | 07/01/2028 | 445 | &nbsp;&nbsp; 445737 |
| &nbsp;&nbsp;&nbsp; Series 2008, RB | 6.50% | 07/01/2038 | 1000 | &nbsp;&nbsp; 1001159 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 7.45% | 08/01/2048 | 2245 | &nbsp;&nbsp; 2250747 |
| Colorado (State of) Health Facilities Authority (Aberdeen Ridge); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB (Acquired 12/15/2021-07/19/2022; Cost $3,674,392)<sup>(e)</sup> <br>| 5.00% | 05/15/2044 | 3750 | &nbsp;&nbsp; 3030409 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB<sup>(a)</sup> <br>| 8.75% | 05/15/2058 | 8640 | &nbsp;&nbsp; 8657453 |
| Colorado (State of) Health Facilities Authority (CommonSpirit Health); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.50% | 11/01/2047 | 7250 | &nbsp;&nbsp; 7671607 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.25% | 11/01/2052 | 4500 | &nbsp;&nbsp; 4644928 |
| Colorado (State of) International Center Metropolitan District No. 14; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, GO Bonds | 5.88% | 12/01/2046 | 13500 | &nbsp;&nbsp; 13512384 |
| &nbsp;&nbsp;&nbsp; Series 2022, GO Bonds | 7.50% | 12/15/2051 | 15000 | &nbsp;&nbsp; 15035007 |
| Colorado (State of) International Center Metropolitan District No. 4; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. GO Bonds | 6.00% | 12/01/2047 | 30920 | &nbsp;&nbsp; 31058256 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, GO Bonds | 6.25% | 12/01/2048 | 15075 | &nbsp;&nbsp; 15136716 |
| &nbsp;&nbsp;&nbsp; Series 2019 B-2, GO Bonds | 8.75% | 12/15/2048 | 1997 | &nbsp;&nbsp; 2001938 |
| Colorado Crossing Metropolitan District No. 2; Series 2020 B, GO Bonds<sup>(a)</sup> <br>| 7.50% | 12/15/2050 | 3495 | &nbsp;&nbsp; 3503179 |
| Conestoga Metropolitan District No. 2; Series 2021 A, GO Bonds | 5.25% | 12/01/2051 | 1625 | &nbsp;&nbsp; 1466662 |
| Cottonwood Hollow Residential Metropolitan District; Series 2021, GO Bonds | 5.00% | 12/01/2051 | 15824 | &nbsp;&nbsp; 12883736 |
| Creekside Village Metropolitan District; Series 2019, GO Bonds | 7.75% | 12/15/2049 | 569 | &nbsp;&nbsp; 570354 |
| Crossroads Metropolitan District No. 1; Series 2022, GO Bonds | 6.50% | 12/01/2051 | 7460 | &nbsp;&nbsp; 7405158 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** |
| Dawson Trails Metropolitan District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, GO Bonds<sup>(f)</sup> <br>| 0.00% | 12/01/2031 | $18383 | &nbsp;&nbsp; $11734962 |
| &nbsp;&nbsp;&nbsp; Series 2025 B, GO Bonds<sup>(a)</sup> <br>| 9.25% | 12/15/2055 | 13000 | &nbsp;&nbsp; 12579767 |
| Deer Creek Villas Metropolitan District; Series 2022 B, GO Bonds | 7.75% | 12/15/2055 | 650 | &nbsp;&nbsp; 652587 |
| Denver (City & County of), CO; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)(h)(j)</sup> <br>| 5.00% | 12/01/2048 | 10000 | &nbsp;&nbsp; 10063467 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 08/01/2051 | 8350 | &nbsp;&nbsp; 7683743 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(c)</sup> <br>| 4.13% | 11/15/2053 | 5000 | &nbsp;&nbsp; 4534285 |
| &nbsp;&nbsp;&nbsp; Series 2022 D, RB<sup>(c)(h)(j)</sup> <br>| 5.00% | 11/15/2053 | 26000 | &nbsp;&nbsp; 26521225 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)(h)(j)</sup> <br>| 5.00% | 11/15/2042 | 4000 | &nbsp;&nbsp; 4187886 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)(h)(j)</sup> <br>| 5.75% | 11/15/2045 | 8000 | &nbsp;&nbsp; 8639057 |
| Denver (City & County of), CO (United Airlines, Inc.); Series 2017, Ref. RB<sup>(c)</sup> <br>| 5.00% | 10/01/2032 | 15740 | &nbsp;&nbsp; 15757245 |
| Denver (City & County of), CO Convention Center Hotel Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 12/01/2032 | 1000 | &nbsp;&nbsp; 1012734 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 12/01/2040 | 250 | &nbsp;&nbsp; 251092 |
| Denver (City & County of), CO Health & Hospital Authority; Series 2025 A, RB | 5.13% | 12/01/2050 | 4750 | &nbsp;&nbsp; 4820405 |
| Denver Gateway Center Metropolitan District; Series 2018 B, GO Bonds | 7.88% | 12/15/2048 | 1855 | &nbsp;&nbsp; 1806211 |
| Denver International Business Center Metropolitan District No. 1; Series 2019 B, GO Bonds | 6.00% | 12/01/2048 | 2291 | &nbsp;&nbsp; 2299001 |
| Elbert & Highway 86 Commercial Metropolitan District; Series 2021 B, GO Bonds<sup>(a)</sup> <br>| 8.00% | 12/15/2051 | 1905 | &nbsp;&nbsp; 1909203 |
| Elevation Park Metropolitan District; Series 2021, GO Bonds | 4.25% | 12/01/2051 | 2440 | &nbsp;&nbsp; 1921871 |
| Erie Highlands Metropolitan District No. 2; Series 2018 C, GO Bonds | 8.00% | 12/15/2052 | 3600 | &nbsp;&nbsp; 2898305 |
| Evan's Place Metropolitan District; Series 2020 A, GO Bonds | 5.00% | 12/01/2040 | 550 | &nbsp;&nbsp; 550483 |
| Flying Horse Metropolitan District No. 3; Series 2019, Ref. GO Bonds<sup>(a)</sup> <br>| 6.00% | 12/01/2049 | 2970 | &nbsp;&nbsp; 2977914 |
| Forest Trace Metropolitan District No. 3; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 7.88% | 12/15/2049 | 933 | &nbsp;&nbsp; 935234 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, GO Bonds<sup>(a)</sup> <br>| 9.00% | 12/15/2047 | 968 | &nbsp;&nbsp; 970196 |
| Fourth North Business Improvement District; Series 2022 B, RB | 8.13% | 12/15/2052 | 4525 | &nbsp;&nbsp; 4537994 |
| Gardens at East Iliff Metropolitan District; Series 2019 B, GO Bonds | 8.50% | 12/15/2049 | 680 | &nbsp;&nbsp; 680997 |
| Gardens on Havana Metropolitan District No. 3 (The); Series 2017 B, RB | 7.75% | 12/15/2047 | 299 | &nbsp;&nbsp; 299095 |
| Granby Ranch Metropolitan District; Series 2018, Ref. GO Bonds<sup>(a)</sup> <br>| 5.50% | 12/01/2052 | 5490 | &nbsp;&nbsp; 5429611 |
| Hance Ranch Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, GO Bonds | 5.00% | 12/01/2040 | 565 | &nbsp;&nbsp; 539277 |
| &nbsp;&nbsp;&nbsp; Series 2020, GO Bonds | 5.13% | 12/01/2050 | 1810 | &nbsp;&nbsp; 1623607 |
| Haskins Station Metropolitan District; Series 2019 B, GO Bonds | 8.75% | 12/15/2049 | 1328 | &nbsp;&nbsp; 1263696 |
| Hess Ranch Metropolitan District No. 5; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A-1, RB | 6.00% | 12/01/2043 | 1471 | &nbsp;&nbsp; 1509367 |
| &nbsp;&nbsp;&nbsp; Series 2024 A-2, RB | 6.50% | 12/01/2043 | 1410 | &nbsp;&nbsp; 1445731 |
| Hess Ranch Metropolitan District No. 6; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A-2, GO Bonds<sup>(k)</sup> <br>| 5.75% | 12/01/2049 | 9000 | &nbsp;&nbsp; 8498954 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 8.00% | 12/15/2049 | 4683 | &nbsp;&nbsp; 4692700 |
| &nbsp;&nbsp;&nbsp; Series 2022 C, GO Bonds<sup>(a)</sup> <br>| 8.25% | 12/15/2052 | 15569 | &nbsp;&nbsp; 15627775 |
| Home Place Metropolitan District; Series 2020 B, GO Bonds | 8.25% | 12/15/2050 | 834 | &nbsp;&nbsp; 835876 |
| Homestead Hills Metropolitan District; Series 2020 B, GO Bonds | 8.00% | 12/15/2050 | 722 | &nbsp;&nbsp; 723888 |
| Jefferson (County of), CO Center Metropolitan District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 B, Ref. RB | 5.75% | 12/15/2050 | 6909 | &nbsp;&nbsp; 6925361 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, GO Bonds | 8.50% | 12/16/2026 | 5 | &nbsp;&nbsp; 4998 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, GO Bonds | 8.50% | 12/16/2053 | 6180 | &nbsp;&nbsp; 6203837 |
| Johnstown Farms East Metropolitan District; Series 2021, GO Bonds | 5.00% | 12/01/2051 | 2562 | &nbsp;&nbsp; 2202252 |
| Johnstown Village Metropolitan District No. 2; Series 2020 B, GO Bonds<sup>(a)(b)(l)</sup> <br>| 7.75% | 12/02/2025 | 711 | &nbsp;&nbsp; 732422 |
| Jones District Community Authority Board; Series 2020 A, RB<sup>(k)</sup> <br>| 5.75% | 12/01/2050 | 6815 | &nbsp;&nbsp; 6664537 |
| Karl's Farm Metropolitan District No. 2; Series 2024 B, GO Bonds | 6.20% | 12/15/2044 | 567 | &nbsp;&nbsp; 572456 |
| Kinston Metropolitan District No. 5; Series 2020 B, GO Bonds | 7.50% | 12/15/2052 | 3800 | &nbsp;&nbsp; 3914000 |
| Lake Bluff Metropolitan District No. 2; Series 2021, Ref. GO Bonds | 5.25% | 12/01/2051 | 11777 | &nbsp;&nbsp; 10461132 |
| Lanterns Rock Creek Metropolitan District; Series 2020, GO Bonds | 6.25% | 08/01/2045 | 1441 | &nbsp;&nbsp; 1426797 |
| Ledge Rock Center Residential Metropolitan District No. 1; Series 2024 B, GO Bonds | 8.75% | 12/15/2054 | 600 | &nbsp;&nbsp; 601487 |
| Liberty Draw Metropolitan District No. 6; Series 2023, GO Bonds | 7.25% | 12/01/2053 | 2740 | &nbsp;&nbsp; 2789664 |
| Lowell Metropolitan District; Series 2023 B-3, Ref. GO Bonds | 8.50% | 12/15/2052 | 1831 | &nbsp;&nbsp; 1835026 |
| Mayberry Springs Community Authority; Series 2021 B, RB | 8.00% | 04/15/2051 | 3351 | &nbsp;&nbsp; 3358676 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** |
| Mayfield Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, GO Bonds | 5.75% | 12/01/2050 | $1166 | &nbsp;&nbsp; $1177068 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 8.25% | 12/15/2050 | 622 | &nbsp;&nbsp; 623263 |
| &nbsp;&nbsp;&nbsp; Series 2020 C, GO Bonds | 3.00% | 12/15/2050 | 767 | &nbsp;&nbsp; 336394 |
| Meadowbrook Crossing Metropolitan District; Series 2020 B, Ref. GO Bonds<sup>(a)</sup> <br>| 7.75% | 12/15/2049 | 494 | &nbsp;&nbsp; 494327 |
| Meadowlark Metropolitan District; Series 2020 B, GO Bonds | 7.63% | 12/15/2050 | 607 | &nbsp;&nbsp; 625423 |
| Midtown Clear Creek Metropolitan District; Series 2023 B, Ref. GO Bonds | 8.00% | 12/15/2053 | 699 | &nbsp;&nbsp; 700639 |
| Midtown Metropoltan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A-1, Ref. GO Bonds | 6.75% | 12/01/2051 | 3190 | &nbsp;&nbsp; 3373061 |
| &nbsp;&nbsp;&nbsp; Series 2022 A-2, Ref. GO Bonds<sup>(k)</sup> <br>| 7.00% | 12/01/2051 | 4330 | &nbsp;&nbsp; 4009729 |
| Montrose (County of), CO (The Homestead at Montrose, Inc.); Series 2003 A, RB | 7.00% | 02/01/2038 | 6200 | &nbsp;&nbsp; 5905398 |
| Morgan Hill Metropolitan District No. 3; Series 2021 B, GO Bonds | 6.38% | 12/15/2051 | 1460 | &nbsp;&nbsp; 1463709 |
| Murphy Creek Metropolitan District No. 5; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, GO Bonds | 6.00% | 12/01/2052 | 3000 | &nbsp;&nbsp; 2861758 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, GO Bonds | 9.25% | 12/15/2052 | 3532 | &nbsp;&nbsp; 3538704 |
| MW Retail Business Improvement District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(a)</sup> <br>| 6.00% | 12/01/2054 | 1800 | &nbsp;&nbsp; 1808235 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(a)</sup> <br>| 6.38% | 12/01/2054 | 500 | &nbsp;&nbsp; 500719 |
| North Holly Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 B, GO Bonds | 7.88% | 12/15/2048 | 1015 | &nbsp;&nbsp; 1017564 |
| &nbsp;&nbsp;&nbsp; Series 2018 C, GO Bonds | 8.00% | 12/15/2050 | 1614 | &nbsp;&nbsp; 1533366 |
| North Range Metropolitan District No. 2; Series 2017 B, GO Bonds | 7.75% | 12/15/2047 | 1170 | &nbsp;&nbsp; 1170094 |
| Palisade Metropolitan District No. 2; Series 2024 C, RB<sup>(a)</sup> <br>| 8.00% | 12/15/2037 | 1080 | &nbsp;&nbsp; 1087368 |
| Peak Metropolitan District No. 1; Series 2021 B, GO Bonds<sup>(a)</sup> <br>| 7.63% | 12/15/2051 | 1652 | &nbsp;&nbsp; 1655532 |
| Poudre Heights Valley Metropolitan District; Series 2024 A, GO Bonds<sup>(a)</sup> <br>| 5.50% | 12/01/2054 | 975 | &nbsp;&nbsp; 929030 |
| Promontory Metropolitan District No. 3; Series 2020 A, GO Bonds | 6.25% | 12/01/2050 | 1021 | &nbsp;&nbsp; 955590 |
| Pronghorn Valley Metropolitan District; Series 2021 B, GO Bonds | 7.25% | 12/15/2051 | 500 | &nbsp;&nbsp; 501367 |
| Reata Ridge Village Metropolitan District No. 2; Series 2019 B-3, GO Bonds | 8.00% | 12/15/2049 | 615 | &nbsp;&nbsp; 616899 |
| Redtail Ridge Metropolitan District; Series 2025, GO Bonds<sup>(f)</sup> <br>| 0.00% | 12/01/2032 | 7500 | &nbsp;&nbsp; 4682710 |
| Remuda Ranch Metropolitan District; Series 2020 B, GO Bonds | 7.63% | 12/15/2050 | 574 | &nbsp;&nbsp; 575069 |
| Revere at Johnstown Metropolitan District No. 3; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, GO Bonds | 7.00% | 12/01/2053 | 2338 | &nbsp;&nbsp; 2369566 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds | 9.00% | 12/15/2053 | 675 | &nbsp;&nbsp; 675779 |
| Riverdale Peaks II Metropolitan District; Series 2005, GO Bonds<sup>(g)</sup> <br>| 6.50% | 12/01/2035 | 1000 | &nbsp;&nbsp; 900000 |
| Riverwalk Metropolitan District No. 2; Series 2022 B, RB | 7.75% | 12/15/2052 | 5902 | &nbsp;&nbsp; 5915775 |
| RM Mead Metropolitan District; Series 2020 B, GO Bonds | 8.00% | 12/15/2050 | 610 | &nbsp;&nbsp; 611109 |
| Rock Canyon Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, GO Bonds | 5.00% | 12/01/2049 | 1598 | &nbsp;&nbsp; 1487020 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 8.75% | 12/15/2049 | 398 | &nbsp;&nbsp; 399146 |
| Rocky Mountain Rail Park Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(a)</sup> <br>| 5.00% | 12/01/2041 | 5645 | &nbsp;&nbsp; 5512805 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, Ref. GO Bonds | 8.50% | 12/15/2054 | 16000 | &nbsp;&nbsp; 16029771 |
| Rudolph Farms Metropolitan District No. 6; Series 2022 A, GO Bonds | 6.50% | 06/01/2052 | 13500 | &nbsp;&nbsp; 13176585 |
| Settler's Crossing Metropolitan District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 7.63% | 12/15/2050 | 1195 | &nbsp;&nbsp; 1197107 |
| &nbsp;&nbsp;&nbsp; Series 2021 C, GO Bonds | 7.63% | 12/15/2052 | 4560 | &nbsp;&nbsp; 4568092 |
| Silver Peaks Metropolitan District No. 3; Series 2020 B, GO Bonds | 7.00% | 12/15/2050 | 442 | &nbsp;&nbsp; 443160 |
| St. Vrain Lakes Metropolitan District No. 4; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, GO Bonds<sup>(a)(k)</sup> <br>| 6.75% | 09/20/2054 | 3000 | &nbsp;&nbsp; 2117467 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds<sup>(a)</sup> <br>| 8.75% | 09/20/2054 | 1760 | &nbsp;&nbsp; 1762528 |
| Sterling Ranch Community Authority Board; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB<sup>(b)(l)</sup> <br>| 7.13% | 12/15/2025 | 485 | &nbsp;&nbsp; 495473 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB<sup>(a)</sup> <br>| 5.75% | 12/01/2054 | 2400 | &nbsp;&nbsp; 2422102 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 6.50% | 12/01/2054 | 765 | &nbsp;&nbsp; 795787 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, Ref. RB<sup>(a)</sup> <br>| 8.25% | 12/15/2054 | 1150 | &nbsp;&nbsp; 1152995 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, Ref. RB | 8.75% | 12/15/2054 | 750 | &nbsp;&nbsp; 751133 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.63% | 12/01/2043 | 953 | &nbsp;&nbsp; 979571 |
| Talon Pointe Metropolitan District; Series 2019 B, Ref. GO Bonds | 8.00% | 12/15/2051 | 2595 | &nbsp;&nbsp; 2006446 |
| Trails at Crowfoot Metropolitan District No. 3; Series 2024 B, Ref. GO Bonds | 6.88% | 12/15/2052 | 1350 | &nbsp;&nbsp; 1355505 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** |
| Transport Metropolitan District No. 3; Series 2021 A-2, GO Bonds<sup>(k)</sup> <br>| 5.50% | 12/01/2051 | $3000 | &nbsp;&nbsp; $2446458 |
| Trevenna Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, GO Bonds | 5.75% | 12/01/2054 | 2525 | &nbsp;&nbsp; 2483292 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds | 8.25% | 12/15/2049 | 627 | &nbsp;&nbsp; 628734 |
| Uplands Metropolitan District No. 1; Series 2023 A, GO Bonds | 7.50% | 09/01/2053 | 7970 | &nbsp;&nbsp; 7992628 |
| USAFA Visitor's Center Business Improvement District; Series 2022 C, RB<sup>(a)</sup> <br>| 7.75% | 12/15/2052 | 24275 | &nbsp;&nbsp; 24356265 |
| Velocity Metropolitan District No. 5; Series 2022 B, GO Bonds | 8.00% | 12/15/2039 | 14197 | &nbsp;&nbsp; 14239408 |
| Verve Metropolitan District No. 1; Series 2023, GO Bonds | 6.75% | 12/01/2052 | 4385 | &nbsp;&nbsp; 4458398 |
| Villages at Castle Rock Metropolitan District No. 6; Series 2021 B, Ref. GO Bonds<sup>(a)</sup> <br>| 5.70% | 12/01/2051 | 27543 | &nbsp;&nbsp; 26436284 |
| Villages at Johnstown Metropolitan District No. 3; Series 2020 B, GO Bonds | 7.50% | 12/15/2050 | 843 | &nbsp;&nbsp; 845413 |
| Vista Meadows Metropolitan District; Series 2023, GO Bonds | 9.25% | 12/15/2053 | 1418 | &nbsp;&nbsp; 1419412 |
| Vista Meadows Metropolitan District (Senior Bonds); Series 2023 A, GO Bonds | 7.25% | 12/01/2053 | 8750 | &nbsp;&nbsp; 8877470 |
| Wagons West Metropolitan District; Series 2020 B-3, GO Bonds | 8.50% | 12/15/2049 | 553 | &nbsp;&nbsp; 554424 |
| Water Valley Metropolitan District No. 3; Series 2024 B, GO Bonds | 6.25% | 12/15/2054 | 829 | &nbsp;&nbsp; 826789 |
| Waters' Edge Metropolitan District No. 2; Series 2021, GO Bonds | 5.00% | 12/01/2051 | 4445 | &nbsp;&nbsp; 4170752 |
| Waterstone Metropolitan District No. 1; Series 2025 B, Ref. GO Bonds | 6.38% | 12/15/2054 | 3915 | &nbsp;&nbsp; 3944104 |
| Waterview II Metropolitan District; Series 2022 B, GO Bonds | 8.00% | 12/15/2051 | 2915 | &nbsp;&nbsp; 2922524 |
| West Meadow Metropolitan District (Senior Bonds); Series 2023 A, Ref. GO Bonds<sup>(a)</sup> <br>| 6.50% | 12/01/2050 | 1500 | &nbsp;&nbsp; 1546502 |
| Westerly Metropolitan District No. 4; Series 2021 B, GO Bonds | 8.00% | 12/15/2050 | 4238 | &nbsp;&nbsp; 4244936 |
| Willow Springs Metropolitan District; Series 2024 B, GO Bonds<sup>(a)</sup> <br>| 6.50% | 10/15/2054 | 500 | &nbsp;&nbsp; 501399 |
| Windler Public Improvement Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A-2, RB<sup>(k)</sup> <br>| 4.13% | 12/01/2031 | 1500 | &nbsp;&nbsp; 1307511 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-2, RB<sup>(k)</sup> <br>| 4.50% | 12/01/2041 | 1130 | &nbsp;&nbsp; 865568 |
| Winsome Metropolitan District No. 3; Series 2021 A, GO Bonds<sup>(a)</sup> <br>| 5.13% | 12/01/2050 | 2700 | &nbsp;&nbsp; 2417298 |
|  |  |  |  | &nbsp;&nbsp; 757753953 |
| **Connecticut–0.20%** | **Connecticut–0.20%** | **Connecticut–0.20%** | **Connecticut–0.20%** | **Connecticut–0.20%** |
| Connecticut (State of) Health & Educational Facilities Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 G-1, Ref. RB<sup>(a)</sup> <br>| 5.00% | 07/01/2039 | 1100 | &nbsp;&nbsp; 1107955 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(a)</sup> <br>| 12.00% | 09/01/2030 | 2250 | &nbsp;&nbsp; 2477173 |
| &nbsp;&nbsp;&nbsp; Connecticut (State of) Health & Educational Facilities Authority (Nuvance Health); Series 2019 A, <br> Ref. RB<br>| 4.00% | 07/01/2041 | 5670 | &nbsp;&nbsp; 5505496 |
| Georgetown (City of), CT Special Taxing District; Series 2006 A, GO Bonds<sup>(d)</sup> <br>| 5.13% | 10/01/2036 | 7935 | &nbsp;&nbsp; 952200 |
| Hamden (Town of), CT (Whitney Center); Series 2022 A, RB | 7.00% | 01/01/2053 | 4000 | &nbsp;&nbsp; 4234856 |
|  |  |  |  | &nbsp;&nbsp; 14277680 |
| **Delaware–0.20%** | **Delaware–0.20%** | **Delaware–0.20%** | **Delaware–0.20%** | **Delaware–0.20%** |
| &nbsp;&nbsp;&nbsp; Delaware (State of) Economic Development Authority (Aspira of Delaware Charter Operations, <br> Inc.);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.00% | 06/01/2046 | 1250 | &nbsp;&nbsp; 1146844 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.00% | 06/01/2051 | 1100 | &nbsp;&nbsp; 976992 |
| Millsboro (Town of), DE (Plantation Lakes Special Development District); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB<sup>(a)</sup> <br>| 5.13% | 07/01/2038 | 7962 | &nbsp;&nbsp; 8008408 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB<sup>(a)</sup> <br>| 5.25% | 07/01/2048 | 4090 | &nbsp;&nbsp; 4015590 |
|  |  |  |  | &nbsp;&nbsp; 14147834 |
| **District of Columbia–1.31%** | **District of Columbia–1.31%** | **District of Columbia–1.31%** | **District of Columbia–1.31%** | **District of Columbia–1.31%** |
| District of Columbia; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds<sup>(h)</sup> <br>| 5.25% | 01/01/2048 | 11500 | &nbsp;&nbsp; 12249498 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.75% | 10/01/2055 | 5625 | &nbsp;&nbsp; 6017881 |
| District of Columbia (Ingleside at Rock Creek); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.00% | 07/01/2037 | 1370 | &nbsp;&nbsp; 1380649 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.00% | 07/01/2052 | 9485 | &nbsp;&nbsp; 8807193 |
| District of Columbia (Provident Group - Howard Properties LLC); Series 2013, RB | 5.00% | 10/01/2045 | 2150 | &nbsp;&nbsp; 2022324 |
| District of Columbia Tobacco Settlement Financing Corp.; Series 2006 C, RB<sup>(f)</sup> <br>| 0.00% | 06/15/2055 | 60320 | &nbsp;&nbsp; 5996122 |
| Metropolitan Washington Airports Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 A, Ref. RB<sup>(c)(h)(j)</sup> <br>| 5.25% | 10/01/2048 | 7710 | &nbsp;&nbsp; 8032423 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, Ref. RB<sup>(c)</sup> <br>| 4.50% | 10/01/2053 | 1250 | &nbsp;&nbsp; 1221042 |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority (Dulles Metrorail and Capital Improvement); <br> Series 2022, Ref. RB (INS - AGI)<sup>(i)</sup> <br>| 4.00% | 10/01/2052 | 4365 | &nbsp;&nbsp; 3890499 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **District of Columbia–(continued)** | **District of Columbia–(continued)** | **District of Columbia–(continued)** | **District of Columbia–(continued)** | **District of Columbia–(continued)** |
| Washington Metropolitan Area Transit Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(h)(j)</sup> <br>| 5.25% | 07/15/2050 | $20000 | &nbsp;&nbsp; $21257674 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(h)</sup> <br>| 5.25% | 07/15/2053 | 20000 | &nbsp;&nbsp; 20990262 |
|  |  |  |  | &nbsp;&nbsp; 91865567 |
| **Florida–9.42%** | **Florida–9.42%** | **Florida–9.42%** | **Florida–9.42%** | **Florida–9.42%** |
| Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, RB (Acquired 09/15/2020; Cost $276,196)<sup>(d)(e)</sup> <br>| 5.63% | 11/15/2029 | 310 | &nbsp;&nbsp; 4653 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB (Acquired 06/03/2020-06/04/2020; Cost $1,066,288)<sup>(d)(e)</sup> <br>| 6.00% | 11/15/2029 | 1241 | &nbsp;&nbsp; 18612 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB (Acquired 03/31/2020-10/04/2021; Cost $861,794)<sup>(d)(e)</sup> <br>| 6.00% | 11/15/2034 | 1025 | &nbsp;&nbsp; 15378 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB (Acquired 02/26/2014-12/04/2020; Cost $6,201,580)<sup>(d)(e)</sup> <br>| 6.25% | 11/15/2044 | 6869 | &nbsp;&nbsp; 103038 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB (Acquired 02/26/2014-09/15/2020; Cost $1,480,256)<sup>(d)(e)</sup> <br>| 6.38% | 11/15/2049 | 1591 | &nbsp;&nbsp; 23869 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB (Acquired 09/15/2020; Cost $693,803)<sup>(d)(e)</sup> <br>| 5.00% | 12/31/2079 | 720 | &nbsp;&nbsp; 10795 |
| &nbsp;&nbsp;&nbsp; Alachua (County of), FL Health Facilities Authority (Shands Teaching Hospital & Clinics, Inc.); <br> Series 2019, RB<br>| 4.00% | 12/01/2049 | 13950 | &nbsp;&nbsp; 12505628 |
| &nbsp;&nbsp;&nbsp; Alachua (County of), FL Health Facilities Authority (Terraces at Bonita Springs); Series 2022 A, <br> Ref. RB<sup>(a)</sup> <br>| 5.00% | 11/15/2061 | 40750 | &nbsp;&nbsp; 29962729 |
| Alachua (County of), FL Housing Finance Authority (Woodland Park II); Series 2025 A, RB<sup>(a)(b)</sup> <br>| 6.30% | 07/01/2043 | 1425 | &nbsp;&nbsp; 1496226 |
| Babcock Ranch Community Independent Special District; Series 2024, RB<sup>(a)</sup> <br>| 5.25% | 05/01/2055 | 1000 | &nbsp;&nbsp; 1007088 |
| Boggy Creek Improvement District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, Ref. RB | 5.13% | 05/01/2043 | 1775 | &nbsp;&nbsp; 1816950 |
| &nbsp;&nbsp;&nbsp; Series 2023, Ref. RB | 5.38% | 05/01/2053 | 4325 | &nbsp;&nbsp; 4386046 |
| Brevard (County of), FL Health Facilities Authority; Series 2022, RB<sup>(h)(j)</sup> <br>| 5.00% | 04/01/2052 | 10000 | &nbsp;&nbsp; 10144196 |
| Broward (County of), FL; Series 2023, RB<sup>(h)</sup> <br>| 5.50% | 01/01/2055 | 10000 | &nbsp;&nbsp; 10602980 |
| Buckeye Park Community Development District; Series 2008 A, RB | 7.88% | 05/01/2038 | 685 | &nbsp;&nbsp; 685389 |
| Capital Projects Finance Authority (Millenia Orlando); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(a)</sup> <br>| 6.75% | 01/01/2045 | 5500 | &nbsp;&nbsp; 5646800 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(a)</sup> <br>| 7.13% | 01/01/2065 | 7500 | &nbsp;&nbsp; 7706057 |
| Capital Trust Agency, Inc. (Advantage Academy of Hillsborough); Series 2019 A, RB | 5.00% | 12/15/2049 | 4750 | &nbsp;&nbsp; 4267663 |
| Capital Trust Agency, Inc. (Franklin Academy); Series 2020, RB<sup>(a)</sup> <br>| 5.00% | 12/15/2055 | 4800 | &nbsp;&nbsp; 4207975 |
| Capital Trust Agency, Inc. (Green Bonds); Series 2021, RB<sup>(a)</sup> <br>| 4.00% | 06/15/2051 | 2220 | &nbsp;&nbsp; 1648077 |
| Capital Trust Agency, Inc. (Imagine School at North Manatee); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 C, RB<sup>(a)</sup> <br>| 5.00% | 06/01/2056 | 520 | &nbsp;&nbsp; 441913 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(a)</sup> <br>| 5.00% | 06/01/2056 | 900 | &nbsp;&nbsp; 768147 |
| Capital Trust Agency, Inc. (New Springs, Inc.); Series 2021, RB | 4.75% | 06/01/2056 | 6140 | &nbsp;&nbsp; 4208754 |
| Capital Trust Agency, Inc. (Sarasota-Manatee Jewish Housing Council, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(a)</sup> <br>| 5.00% | 07/01/2037 | 1000 | &nbsp;&nbsp; 872269 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(a)</sup> <br>| 5.00% | 07/01/2046 | 600 | &nbsp;&nbsp; 443280 |
| Capital Trust Agency, Inc. (Tallahassee Tapestry); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, RB (Acquired 12/02/2015; Cost $5,348,646)<sup>(a)(d)(e)</sup> <br>| 6.75% | 12/01/2035 | 5405 | &nbsp;&nbsp; 648600 |
| &nbsp;&nbsp;&nbsp; Series 2015, RB (Acquired 12/02/2015; Cost $1,976,520)<sup>(a)(d)(e)</sup> <br>| 7.00% | 12/01/2045 | 2000 | &nbsp;&nbsp; 240000 |
| &nbsp;&nbsp;&nbsp; Series 2015, RB (Acquired 12/02/2015; Cost $989,541)<sup>(a)(d)(e)</sup> <br>| 7.13% | 12/01/2050 | 1000 | &nbsp;&nbsp; 120000 |
| Capital Trust Agency, Inc. (University Bridge LLC Student Housing); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(a)</sup> <br>| 5.25% | 12/01/2043 | 21350 | &nbsp;&nbsp; 21387875 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(a)</sup> <br>| 5.25% | 12/01/2058 | 18800 | &nbsp;&nbsp; 18201359 |
| Capital Trust Agency, Inc. (WFCS Portfolio); Series 2021, RB<sup>(a)(f)</sup> <br>| 0.00% | 01/01/2061 | 11960 | &nbsp;&nbsp; 996860 |
| Capital Trust Authority (Academir Charter Schools, Inc.); Series 2024, Ref. RB<sup>(a)</sup> <br>| 5.25% | 06/01/2054 | 2500 | &nbsp;&nbsp; 2237941 |
| Capital Trust Authority (Central Florida Preparatory School Project); Series 2024, RB<sup>(a)</sup> <br>| 6.63% | 06/15/2054 | 12000 | &nbsp;&nbsp; 11969750 |
| Capital Trust Authority (Classical Academy of Sarasota (The)); Series 2024, RB<sup>(a)</sup> <br>| 5.25% | 07/01/2054 | 2735 | &nbsp;&nbsp; 2513653 |
| Capital Trust Authority (Florida Institute of Technology); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)</sup> <br>| 5.25% | 07/01/2055 | 1325 | &nbsp;&nbsp; 1285255 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)</sup> <br>| 5.38% | 07/01/2065 | 3780 | &nbsp;&nbsp; 3692488 |
| Capital Trust Authority (Imagine School At West Pasco Project); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(a)</sup> <br>| 6.50% | 12/15/2053 | 2415 | &nbsp;&nbsp; 2342507 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(a)</sup> <br>| 6.50% | 12/15/2058 | 3100 | &nbsp;&nbsp; 2970599 |
| Capital Trust Authority (Plato Academy Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.13% | 12/15/2054 | 3410 | &nbsp;&nbsp; 3115354 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.13% | 12/15/2059 | 3200 | &nbsp;&nbsp; 2881035 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** |
| Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(a)(c)</sup> <br>| 5.00% | 10/01/2049 | $2420 | &nbsp;&nbsp; $2396003 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(a)(c)</sup> <br>| 4.00% | 10/01/2041 | 4500 | &nbsp;&nbsp; 4231800 |
| Coastal Ridge Community Development District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.75% | 05/01/2045 | 1500 | &nbsp;&nbsp; 1550477 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 6.00% | 05/01/2055 | 1900 | &nbsp;&nbsp; 1958654 |
| Escambia (County of), FL Health Facilities Authority (Baptist Health Care Corp. Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 4.00% | 08/15/2045 | 12830 | &nbsp;&nbsp; 11509861 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB (INS - AGI)<sup>(i)</sup> <br>| 3.00% | 08/15/2050 | 13685 | &nbsp;&nbsp; 9936702 |
| Florida (State of) Department of Transportation (Turnpike); Series 2022 C, RB<sup>(h)</sup> <br>| 5.00% | 07/01/2052 | 10000 | &nbsp;&nbsp; 10481910 |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(a)(b)(c)</sup> <br>| 12.00% | 07/15/2028 | 15375 | &nbsp;&nbsp; 4996875 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(c)</sup> <br>| 5.00% | 07/01/2034 | 5715 | &nbsp;&nbsp; 4743450 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(c)</sup> <br>| 5.00% | 07/01/2041 | 2000 | &nbsp;&nbsp; 1660000 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(c)(i)</sup> <br>| 5.00% | 07/01/2044 | 11135 | &nbsp;&nbsp; 11072307 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(c)</sup> <br>| 5.25% | 07/01/2047 | 22385 | &nbsp;&nbsp; 18579550 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(c)(i)</sup> <br>| 5.25% | 07/01/2053 | 19115 | &nbsp;&nbsp; 19089592 |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(a)(b)(c)</sup> <br>| 10.00% | 07/15/2028 | 10600 | &nbsp;&nbsp; 3445000 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(c)</sup> <br>| 5.00% | 07/01/2037 | 12375 | &nbsp;&nbsp; 10271250 |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp. (Brightline West Passenger Rail); Series 2025, RB (Acquired <br> 08/12/2025; Cost $49,400,000)<sup>(a)(b)(c)(e)</sup> <br>| 10.00% | 06/15/2026 | 49400 | &nbsp;&nbsp; 37050000 |
| Florida Development Finance Corp. (Central Charter School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB<sup>(a)</sup> <br>| 5.63% | 08/15/2042 | 1515 | &nbsp;&nbsp; 1446398 |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB<sup>(a)</sup> <br>| 5.88% | 08/15/2052 | 5000 | &nbsp;&nbsp; 4631693 |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB<sup>(a)</sup> <br>| 6.00% | 08/15/2057 | 5750 | &nbsp;&nbsp; 5387690 |
| Florida Development Finance Corp. (Mater Academy); Series 2022 A, RB | 5.00% | 06/15/2056 | 8815 | &nbsp;&nbsp; 8392260 |
| Florida Development Finance Corp. (Palm Bay Academy, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(a)(f)</sup> <br>| 0.00% | 05/15/2037 | 970 | &nbsp;&nbsp; 10 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(a)</sup> <br>| 6.38% | 05/15/2037 | 2655 | &nbsp;&nbsp; 2430297 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(a)</sup> <br>| 6.38% | 05/15/2037 | 1265 | &nbsp;&nbsp; 126500 |
| Florida Development Finance Corp. (Parrish Charter Academy, Inc.); Series 2023, RB<sup>(a)(b)</sup> <br>| 6.25% | 06/15/2028 | 2000 | &nbsp;&nbsp; 1992115 |
| Florida Development Finance Corp. (UF Health Jacksonville); Series 2022, Ref. RB | 5.00% | 02/01/2052 | 3000 | &nbsp;&nbsp; 2914831 |
| Gramercy Farms Community Development District; Series 2011, Ref. RB | 6.75% | 05/01/2039 | 1075 | &nbsp;&nbsp; 1040253 |
| Greater Orlando Aviation Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(c)</sup> <br>| 5.25% | 11/01/2034 | 2500 | &nbsp;&nbsp; 2694082 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(c)</sup> <br>| 5.25% | 11/01/2035 | 3500 | &nbsp;&nbsp; 3750085 |
| &nbsp;&nbsp;&nbsp; Highlands (County of), FL Health Facilities Authority (Trousdale Foundation Properties); <br> Series 2018 A, RB (Acquired 08/29/2018-12/30/2020; Cost $9,750,251)<sup>(d)(e)</sup> <br>| 6.25% | 04/01/2049 | 11097 | &nbsp;&nbsp; 138716 |
| Hillsborough County Industrial Development Authority; Series 2025, RB<sup>(h)</sup> <br>| 5.50% | 11/15/2054 | 42110 | &nbsp;&nbsp; 45251836 |
| Hobe-St. Lucie Conservancy District; Series 2024, RB | 5.88% | 05/01/2055 | 2750 | &nbsp;&nbsp; 2819813 |
| Kendall Breeze West Community Development District; Series 2004, RB | 5.88% | 05/01/2034 | 700 | &nbsp;&nbsp; 700931 |
| Lake (County of), FL (Lakeside at Waterman Village); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 5.75% | 08/15/2050 | 10100 | &nbsp;&nbsp; 9738496 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 5.75% | 08/15/2055 | 6000 | &nbsp;&nbsp; 5715764 |
| Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(a)</sup> <br>| 5.50% | 07/15/2048 | 2250 | &nbsp;&nbsp; 2121921 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(a)</sup> <br>| 5.75% | 07/15/2053 | 2030 | &nbsp;&nbsp; 1944563 |
| Lakewood Ranch Stewardship District (Palm Grove); Series 2024, RB | 5.25% | 05/01/2044 | 580 | &nbsp;&nbsp; 590549 |
| &nbsp;&nbsp;&nbsp; Lee (County of), FL Industrial Development Authority (Lee County Community Charter Schools, <br> LLC);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012, IDR<sup>(a)</sup> <br>| 5.50% | 06/15/2032 | 1585 | &nbsp;&nbsp; 1586068 |
| &nbsp;&nbsp;&nbsp; Series 2012, IDR<sup>(a)</sup> <br>| 5.75% | 06/15/2042 | 3210 | &nbsp;&nbsp; 3209926 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** |
| Miami-Dade (County of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009, RB<sup>(f)</sup> <br>| 0.00% | 10/01/2035 | $12000 | &nbsp;&nbsp; $8598002 |
| &nbsp;&nbsp;&nbsp; Series 2009, RB<sup>(f)</sup> <br>| 0.00% | 10/01/2042 | 42215 | &nbsp;&nbsp; 20649315 |
| &nbsp;&nbsp;&nbsp; Series 2017 B, Ref. RB<sup>(c)(h)(j)</sup> <br>| 5.00% | 10/01/2040 | 8900 | &nbsp;&nbsp; 9008686 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB (INS - AGI)<sup>(i)</sup> <br>| 3.00% | 10/01/2051 | 12000 | &nbsp;&nbsp; 8897123 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(h)</sup> <br>| 5.00% | 04/01/2052 | 15720 | &nbsp;&nbsp; 16303544 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, Ref. RB<sup>(c)</sup> <br>| 5.25% | 10/01/2052 | 10000 | &nbsp;&nbsp; 10230979 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(h)</sup> <br>| 5.00% | 07/01/2052 | 10000 | &nbsp;&nbsp; 10417579 |
| &nbsp;&nbsp;&nbsp; Subseries 2021 A-1, Ref. RB (INS - AGI)<sup>(c)(i)</sup> <br>| 4.00% | 10/01/2045 | 9000 | &nbsp;&nbsp; 8588121 |
| Middleton Community Development District A; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 4.20% | 05/01/2039 | 600 | &nbsp;&nbsp; 598353 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 4.55% | 05/01/2044 | 600 | &nbsp;&nbsp; 583049 |
| Okaloosa (County of), FL (Air Force Enlisted Village); Series 2025, RB<sup>(a)</sup> <br>| 5.75% | 05/15/2055 | 1690 | &nbsp;&nbsp; 1717808 |
| &nbsp;&nbsp;&nbsp; Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group); Series 2022, <br> RB<br>| 4.00% | 10/01/2052 | 17245 | &nbsp;&nbsp; 15180385 |
| Palm Beach (County of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)</sup> <br>| 6.50% | 10/01/2035 | 500 | &nbsp;&nbsp; 543097 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)</sup> <br>| 5.50% | 10/01/2045 | 5500 | &nbsp;&nbsp; 5627588 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)</sup> <br>| 6.50% | 10/01/2045 | 1000 | &nbsp;&nbsp; 1023601 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)</sup> <br>| 5.75% | 10/01/2055 | 6000 | &nbsp;&nbsp; 6191539 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)</sup> <br>| 5.75% | 10/01/2065 | 5835 | &nbsp;&nbsp; 6002553 |
| &nbsp;&nbsp;&nbsp; Polk (County of), FL Industrial Development Authority (Mineral Development LLC); Series 2020, RB <br> (Acquired 10/23/2020; Cost $6,660,000)<sup>(a)(c)(d)(e)(g)</sup> <br>| 5.88% | 01/01/2033 | 6660 | &nbsp;&nbsp; 1012928 |
| Reunion East Community Development District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002 A-2, RB<sup>(d)</sup> <br>| 7.38% | 05/01/2033 | 145 | &nbsp;&nbsp; 1 |
| &nbsp;&nbsp;&nbsp; Series 2005, RB<sup>(d)</sup> <br>| 5.80% | 05/01/2036 | 1716 | &nbsp;&nbsp; 17 |
| Sarasota (County of), FL Public Hospital District (Sarasota Memorial Hospital); Series 2018, RB | 4.00% | 07/01/2048 | 37680 | &nbsp;&nbsp; 34061774 |
| Seminole (County of), FL; Series 2022, RB<sup>(h)</sup> <br>| 5.00% | 10/01/2052 | 10000 | &nbsp;&nbsp; 10339672 |
| &nbsp;&nbsp;&nbsp; South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group); <br> Series 2017, Ref. RB<br>| 4.00% | 08/15/2047 | 3500 | &nbsp;&nbsp; 3135947 |
| St. Johns (County of), FL; Series 2022, RB<sup>(h)</sup> <br>| 5.00% | 06/01/2047 | 14865 | &nbsp;&nbsp; 15665428 |
| St. Lucie (County of), FL School Board; Series 2023 A, COP (INS - AGI)<sup>(i)</sup> <br>| 4.00% | 07/01/2053 | 19835 | &nbsp;&nbsp; 18546931 |
| Sterling Hill Community Development District; Series 2003 A, RB<sup>(g)(m)</sup> <br>| 6.20% | 05/01/2035 | 1375 | &nbsp;&nbsp; 563617 |
| Tallahassee (City of), FL (Tallahassee Memorial Health Care, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 12/01/2040 | 1940 | &nbsp;&nbsp; 1940783 |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.00% | 12/01/2055 | 1020 | &nbsp;&nbsp; 1009176 |
| Tolomato Community Development District; Series 2024, RB | 4.80% | 05/01/2044 | 880 | &nbsp;&nbsp; 862868 |
| Two Ridges Community Development District; Series 2025, RB | 6.00% | 05/01/2055 | 670 | &nbsp;&nbsp; 693164 |
| Venice (City of), FL (Village on the Isle); Series 2024 A, RB<sup>(a)</sup> <br>| 5.50% | 01/01/2055 | 1000 | &nbsp;&nbsp; 981441 |
| Wildwood (City of), FL Village Community Development Disctrict No. 15; Series 2024, RB<sup>(a)</sup> <br>| 4.80% | 05/01/2055 | 1995 | &nbsp;&nbsp; 1917919 |
|  |  |  |  | &nbsp;&nbsp; 660089004 |
| **Georgia–1.33%** | **Georgia–1.33%** | **Georgia–1.33%** | **Georgia–1.33%** | **Georgia–1.33%** |
| Atlanta Development Authority (The); Series 2024, Revenue Ctfs.<sup>(a)</sup> <br>| 5.56% | 12/15/2048 | 13000 | &nbsp;&nbsp; 11657927 |
| City of Atlanta GA Department of Aviation; Series 2025, RB<sup>(c)(h)</sup> <br>| 5.50% | 07/01/2055 | 19000 | &nbsp;&nbsp; 20229412 |
| Cobb (County of), GA Development Authority (The) (Northwest Classical Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(a)</sup> <br>| 6.00% | 06/15/2043 | 975 | &nbsp;&nbsp; 979929 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(a)</sup> <br>| 6.40% | 06/15/2053 | 1850 | &nbsp;&nbsp; 1851251 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(a)</sup> <br>| 6.38% | 06/15/2058 | 1250 | &nbsp;&nbsp; 1225732 |
| Columbia (City of), GA (Wellstar Health System, Inc.); Series 2023, RAC | 5.75% | 04/01/2053 | 6375 | &nbsp;&nbsp; 6891377 |
| &nbsp;&nbsp;&nbsp; Dalton Whitfield (County of), GA Joint Development Authority (Hamilton Health Care System); <br> Series 2017, RB<br>| 4.00% | 08/15/2048 | 7000 | &nbsp;&nbsp; 6418081 |
| Floyd (County of), GA Development Authority (The Spires at Berry College); Series 2018 A, RB | 6.25% | 12/01/2048 | 2000 | &nbsp;&nbsp; 1999887 |
| Fulton (County of), GA Development Authority (Piedmont Healthcare, Inc.); Series 2019, RB | 4.00% | 07/01/2049 | 15000 | &nbsp;&nbsp; 13473984 |
| &nbsp;&nbsp;&nbsp; Gainesville (City of) & Hall (County of), GA Hospital Authority (Northeast Georgia Health System, <br> Inc.); Series 2021 A, RB<br>| 4.00% | 02/15/2051 | 2630 | &nbsp;&nbsp; 2326378 |
| George L Smith II Congress Center Authority (Convention Center Hotel); Series 2021, RB<sup>(a)</sup> <br>| 5.00% | 01/01/2054 | 6000 | &nbsp;&nbsp; 5721600 |
| &nbsp;&nbsp;&nbsp; Glynn (County of) & Brunswick (City of), GA Memorial Hospital Authority (Southeast Georgia Health <br> System); Series 2017, RAC<br>| 5.00% | 08/01/2047 | 8220 | &nbsp;&nbsp; 8128752 |
| Main Street Natural Gas, Inc.; Series 2019 A, RB | 5.00% | 05/15/2049 | 6345 | &nbsp;&nbsp; 6680110 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Georgia–(continued)** | **Georgia–(continued)** | **Georgia–(continued)** | **Georgia–(continued)** | **Georgia–(continued)** |
| Savannah Georgia Convention Center Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.13% | 06/01/2050 | $2205 | &nbsp;&nbsp; $2211960 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - AGI)<sup>(i)</sup> <br>| 5.00% | 06/01/2058 | 1775 | &nbsp;&nbsp; 1829258 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.25% | 06/01/2061 | 1900 | &nbsp;&nbsp; 1905750 |
|  |  |  |  | &nbsp;&nbsp; 93531388 |
| **Hawaii–0.20%** | **Hawaii–0.20%** | **Hawaii–0.20%** | **Hawaii–0.20%** | **Hawaii–0.20%** |
| State of Hawaii Airports System Revenue; Series 2025, RB<sup>(c)(h)(j)</sup> <br>| 5.50% | 07/01/2054 | 13350 | &nbsp;&nbsp; 14315879 |
| **Idaho–0.55%** | **Idaho–0.55%** | **Idaho–0.55%** | **Idaho–0.55%** | **Idaho–0.55%** |
| Avimor Community Infrastructure District No. 1 (Assessment Area Six); Series 2024 B, RB<sup>(a)</sup> <br>| 5.50% | 09/01/2053 | 2000 | &nbsp;&nbsp; 2018641 |
| Idaho (State of) Health Facilities Authority (Terraces of Boise); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, RB | 4.00% | 10/01/2033 | 1000 | &nbsp;&nbsp; 970080 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB | 4.50% | 10/01/2050 | 10030 | &nbsp;&nbsp; 8736159 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB | 4.55% | 10/01/2056 | 19500 | &nbsp;&nbsp; 16816291 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 8.00% | 10/01/2028 | 2550 | &nbsp;&nbsp; 2532761 |
| Idaho (State of) Housing & Finance Association (Future Public School); Series 2022 A, RB<sup>(a)</sup> <br>| 4.00% | 05/01/2057 | 1705 | &nbsp;&nbsp; 1219871 |
| &nbsp;&nbsp;&nbsp; Idaho (State of) Housing & Finance Association (North Star Charter School); Series 2014 B, Ref. <br> RB<sup>(a)(f)</sup> <br>| 0.00% | 07/01/2049 | 9112 | &nbsp;&nbsp; 1636334 |
| Spring Valley Community Infrastructure District No. 1; Series 2025, RB<sup>(a)</sup> <br>| 6.25% | 09/01/2054 | 4400 | &nbsp;&nbsp; 4539246 |
|  |  |  |  | &nbsp;&nbsp; 38469383 |
| **Illinois–5.61%** | **Illinois–5.61%** | **Illinois–5.61%** | **Illinois–5.61%** | **Illinois–5.61%** |
| Bolingbrook (Village of), IL; Series 2005, RB<sup>(g)</sup> <br>| 6.00% | 01/01/2026 | 4500 | &nbsp;&nbsp; 3195000 |
| Burbank (City of), IL (Intercultural Montessori Language School); Series 2015, RB<sup>(a)</sup> <br>| 6.25% | 09/01/2045 | 4000 | &nbsp;&nbsp; 3937191 |
| Chicago (City of), IL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. GO Bonds<sup>(h)(j)</sup> <br>| 6.00% | 01/01/2038 | 64150 | &nbsp;&nbsp; 65429889 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds | 6.00% | 01/01/2050 | 4275 | &nbsp;&nbsp; 4492757 |
| Chicago (City of), IL (Diversey/Narragansett); Series 2006, COP<sup>(g)</sup> <br>| 7.46% | 02/15/2026 | 1262 | &nbsp;&nbsp; 744374 |
| Chicago (City of), IL (O'Hare International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(c)(h)(j)</sup> <br>| 5.00% | 01/01/2048 | 14000 | &nbsp;&nbsp; 14196921 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(c)</sup> <br>| 5.50% | 01/01/2055 | 3495 | &nbsp;&nbsp; 3622743 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(c)</sup> <br>| 5.25% | 01/01/2041 | 5000 | &nbsp;&nbsp; 5457459 |
| Chicago (City of), IL Board of Education; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 C, GO Bonds | 5.25% | 12/01/2039 | 28060 | &nbsp;&nbsp; 27507513 |
| &nbsp;&nbsp;&nbsp; Series 2018 D, GO Bonds | 5.00% | 12/01/2046 | 19170 | &nbsp;&nbsp; 17237405 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, GO Bonds | 4.00% | 12/01/2047 | 2000 | &nbsp;&nbsp; 1516629 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, GO Bonds | 5.88% | 12/01/2047 | 3000 | &nbsp;&nbsp; 3013326 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, GO Bonds | 6.00% | 12/01/2049 | 1000 | &nbsp;&nbsp; 1007829 |
| &nbsp;&nbsp;&nbsp; Series 2025 C, Ref. GO Bonds | 5.50% | 12/01/2045 | 6000 | &nbsp;&nbsp; 5827038 |
| Chicago (City of), IL Midway International Airport; Series 2025 B, Ref. RB | 5.00% | 01/01/2045 | 7000 | &nbsp;&nbsp; 7455083 |
| Evanston (City of), IL (Roycemore School); Series 2021, RB<sup>(a)</sup> <br>| 4.63% | 04/01/2051 | 1250 | &nbsp;&nbsp; 1011405 |
| Illinois (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, GO Bonds | 5.75% | 05/01/2045 | 8750 | &nbsp;&nbsp; 9222442 |
| &nbsp;&nbsp;&nbsp; Series 2025 E, GO Bonds (INS - BAM)<sup>(i)</sup> <br>| 5.00% | 09/01/2045 | 6975 | &nbsp;&nbsp; 7274105 |
| Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.); Series 2002, RB<sup>(c)</sup> <br>| 8.00% | 06/01/2032 | 4020 | &nbsp;&nbsp; 4025360 |
| Illinois (State of) Finance Authority; Series 2025, Ref. RB<sup>(a)</sup> <br>| 5.88% | 09/01/2046 | 12065 | &nbsp;&nbsp; 12009005 |
| Illinois (State of) Finance Authority (DePaul College Prep Foundation); Series 2023, Ref. RB<sup>(a)</sup> <br>| 5.63% | 08/01/2053 | 500 | &nbsp;&nbsp; 512121 |
| Illinois (State of) Finance Authority (Intrinsic Schools - Belmont School); Series 2015, RB<sup>(a)</sup> <br>| 6.00% | 12/01/2045 | 3715 | &nbsp;&nbsp; 3715583 |
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB (Acquired 11/27/2019-04/06/2020; Cost $3,006,277)<sup>(e)</sup> <br>| 5.00% | 11/01/2035 | 3000 | &nbsp;&nbsp; 2077500 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB (Acquired 11/27/2019-11/08/2022; Cost $17,502,883)<sup>(e)</sup> <br>| 5.00% | 11/01/2040 | 20210 | &nbsp;&nbsp; 13995425 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB (Acquired 11/27/2019-06/28/2023; Cost $26,884,354)<sup>(e)</sup> <br>| 5.00% | 11/01/2049 | 27085 | &nbsp;&nbsp; 18756363 |
| Illinois (State of) Finance Authority (Montgomery Place); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB (Acquired 04/12/2017; Cost $6,415,000)<sup>(e)</sup> <br>| 5.25% | 05/15/2037 | 6415 | &nbsp;&nbsp; 6291717 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB (Acquired 04/12/2017-09/08/2020; Cost $12,547,619)<sup>(e)</sup> <br>| 5.25% | 05/15/2048 | 12770 | &nbsp;&nbsp; 10652382 |
| &nbsp;&nbsp;&nbsp; Illinois (State of) Finance Authority (Northshore Edward Elmhurst Health Credit Group); <br> Series 2022, RB<sup>(h)(j)</sup> <br>| 5.00% | 08/15/2051 | 25000 | &nbsp;&nbsp; 25262708 |
| Illinois (State of) Finance Authority (Park Place of Elmhurst); Series 2016, RB | 5.13% | 05/15/2060 | 66640 | &nbsp;&nbsp; 49030440 |
| Illinois (State of) Finance Authority (Social Bonds); Series 2021, Ref. RB | 4.00% | 11/01/2051 | 1100 | &nbsp;&nbsp; 948415 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Illinois–(continued)** | **Illinois–(continued)** | **Illinois–(continued)** | **Illinois–(continued)** | **Illinois–(continued)** |
| Illinois (State of) Finance Authority (Villa St. Benedict); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 6.13% | 11/15/2035 | $6995 | &nbsp;&nbsp; $6998882 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 6.38% | 11/15/2043 | 10700 | &nbsp;&nbsp; 10702452 |
| Illinois (State of) Housing Development Authority (Stonebridge of Gurnee); Series 2016 A, RB<sup>(a)</sup> <br>| 5.45% | 01/01/2046 | 4895 | &nbsp;&nbsp; 4761041 |
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012 B, RB<sup>(f)</sup> <br>| 0.00% | 12/15/2051 | 13165 | &nbsp;&nbsp; 3657966 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB (INS - AGI)<sup>(f)(i)</sup> <br>| 0.00% | 12/15/2056 | 5000 | &nbsp;&nbsp; 1119816 |
| &nbsp;&nbsp;&nbsp; Series 2017 B, Ref. RB<sup>(f)</sup> <br>| 0.00% | 12/15/2054 | 5000 | &nbsp;&nbsp; 1188577 |
| Malta (Village of), IL (Prairie Springs); Series 2006, RB<sup>(g)</sup> <br>| 5.75% | 12/30/2025 | 1800 | &nbsp;&nbsp; 432000 |
| Marion (City of), IL (Star Bond District Area No. 1); Series 2025, RB | 6.63% | 06/01/2055 | 15000 | &nbsp;&nbsp; 15084687 |
| Marion (City of), IL (Star Bond District Project Area No. 1); Series 2025, RB | 6.38% | 06/01/2045 | 1000 | &nbsp;&nbsp; 1001361 |
| Matteson (Village of), IL; Series 2015, RB | 6.50% | 12/01/2035 | 1055 | &nbsp;&nbsp; 1077824 |
| Morton Grove (Village of), IL (Sawmill Station Redevelopment); Series 2019, RB | 5.00% | 01/01/2039 | 2000 | &nbsp;&nbsp; 1999853 |
| Plano (City of), IL Special Service Area No. 10 (Lakewood Springs Club); Series 2007, RB<sup>(d)</sup> <br>| 5.80% | 03/01/2037 | 5615 | &nbsp;&nbsp; 617650 |
| Southwestern Illinois Development Authority (US Steel Corp.); Series 2012, RB<sup>(c)</sup> <br>| 5.75% | 08/01/2042 | 1945 | &nbsp;&nbsp; 1945866 |
| Upper Illinois River Valley Development Authority; Series 2025, RB | 7.00% | 11/01/2060 | 10000 | &nbsp;&nbsp; 9770792 |
| Villa Park (Village of), IL (Garden Station Redevelopment); Series 2021, RB | 4.50% | 12/31/2038 | 1915 | &nbsp;&nbsp; 1629946 |
| Yorkville (United City of), IL (Cannonball/Beecher Road); Series 2007, RB | 5.75% | 03/01/2028 | 1840 | &nbsp;&nbsp; 1840360 |
|  |  |  |  | &nbsp;&nbsp; 393255201 |
| **Indiana–0.48%** | **Indiana–0.48%** | **Indiana–0.48%** | **Indiana–0.48%** | **Indiana–0.48%** |
| Fort Wayne (City of), IN (Silver Birch of Fort Wayne); Series 2017, RB | 5.35% | 01/01/2038 | 4665 | &nbsp;&nbsp; 4408917 |
| Indiana (State of) Finance Authority; Series 2025, RB<sup>(a)</sup> <br>| 6.38% | 10/15/2055 | 1185 | &nbsp;&nbsp; 1188930 |
| &nbsp;&nbsp;&nbsp; Indiana (State of) Finance Authority (Indiana University Health Obligated Group); Series 2019 A, <br> RB<br>| 4.00% | 12/01/2049 | 13000 | &nbsp;&nbsp; 11723436 |
| Indiana (State of) Finance Authority (Irvington Community School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB<sup>(a)</sup> <br>| 5.90% | 07/01/2038 | 1000 | &nbsp;&nbsp; 1000029 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB<sup>(a)</sup> <br>| 6.00% | 07/01/2048 | 2750 | &nbsp;&nbsp; 2680237 |
| Indiana (State of) Finance Authority (Unidy Properties LLC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.63% | 07/01/2050 | 2250 | &nbsp;&nbsp; 2179892 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.75% | 07/01/2060 | 2150 | &nbsp;&nbsp; 2084299 |
| Indiana (State of) Finance Authority (University of Evansville); Series 2022 A, Ref. RB | 5.25% | 09/01/2044 | 6465 | &nbsp;&nbsp; 6413672 |
| Indianapolis Local Public Improvement Bond Bank (Convention Center Hotel); Series 2023 E, RB | 6.00% | 03/01/2053 | 2000 | &nbsp;&nbsp; 2093988 |
|  |  |  |  | &nbsp;&nbsp; 33773400 |
| **Iowa–1.08%** | **Iowa–1.08%** | **Iowa–1.08%** | **Iowa–1.08%** | **Iowa–1.08%** |
| Iowa (State of) Finance Authority (Alcoa, Inc.); Series 2012, RB | 4.75% | 08/01/2042 | 11250 | &nbsp;&nbsp; 11250215 |
| Iowa (State of) Finance Authority (Green Bonds); Series 2025, RB<sup>(c)</sup> <br>| 8.13% | 07/01/2030 | 5675 | &nbsp;&nbsp; 5717545 |
| Iowa (State of) Finance Authority (Iowa Fertilizer Co.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB<sup>(b)(l)</sup> <br>| 5.00% | 12/01/2032 | 7700 | &nbsp;&nbsp; 8859187 |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB<sup>(b)(l)</sup> <br>| 5.00% | 12/01/2032 | 7200 | &nbsp;&nbsp; 8283915 |
| Iowa (State of) Finance Authority (Lifespace Communities, Inc.); Series 2023, Ref. RB | 7.50% | 05/15/2053 | 3000 | &nbsp;&nbsp; 3332132 |
| Iowa (State of) Finance Authority (Union at the Marina); Series 2024 A-1, RB<sup>(a)</sup> <br>| 6.00% | 11/01/2042 | 6000 | &nbsp;&nbsp; 5929553 |
| Iowa (State of) Tobacco Settlement Authority; Series 2021 B-2, Ref. RB<sup>(f)</sup> <br>| 0.00% | 06/01/2065 | 213120 | &nbsp;&nbsp; 31979935 |
|  |  |  |  | &nbsp;&nbsp; 75352482 |
| **Kansas–0.21%** | **Kansas–0.21%** | **Kansas–0.21%** | **Kansas–0.21%** | **Kansas–0.21%** |
| Manhattan (City of), KS; Series 2025 A, RB | 5.50% | 06/01/2055 | 1500 | &nbsp;&nbsp; 1507172 |
| Roeland Park (City of), KS (TDD No. 1); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005, RB<sup>(g)(m)</sup> <br>| 5.75% | 12/01/2025 | 92 | &nbsp;&nbsp; 67226 |
| &nbsp;&nbsp;&nbsp; Series 2006 A, RB<sup>(g)(m)</sup> <br>| 5.88% | 12/01/2025 | 173 | &nbsp;&nbsp; 126445 |
| Wichita (City of), KS (Presbyterian Manors, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 05/15/2034 | 1000 | &nbsp;&nbsp; 1004615 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 05/15/2050 | 1915 | &nbsp;&nbsp; 1616702 |
| &nbsp;&nbsp;&nbsp; Series 2024 VIII, Ref. RB | 5.88% | 05/15/2050 | 11000 | &nbsp;&nbsp; 10471254 |
|  |  |  |  | &nbsp;&nbsp; 14793414 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Kentucky–0.79%** | **Kentucky–0.79%** | **Kentucky–0.79%** | **Kentucky–0.79%** | **Kentucky–0.79%** |
| Christian (County of), KY (Jennie Stuart Medical Center, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.38% | 02/01/2036 | $5395 | &nbsp;&nbsp; $5407226 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.50% | 02/01/2044 | 8500 | &nbsp;&nbsp; 8507073 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Economic Development Finance Authority (Christian Care <br> Communities); Series 2021, Ref. RB<br>| 5.13% | 07/01/2055 | 1960 | &nbsp;&nbsp; 1633336 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Economic Development Finance Authority (Masonic Home <br> Independent Living II, Inc.); Series 2012, Ref. RB<br>| 5.38% | 11/15/2042 | 2300 | &nbsp;&nbsp; 1981703 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Economic Development Finance Authority (Masonic Homes of <br> Kentucky, Inc.); Series 2012, Ref. RB<br>| 5.38% | 11/15/2032 | 1600 | &nbsp;&nbsp; 1569715 |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Rosedale Green); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.50% | 11/15/2035 | 1200 | &nbsp;&nbsp; 1184308 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.75% | 11/15/2045 | 2600 | &nbsp;&nbsp; 2316631 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.75% | 11/15/2050 | 4650 | &nbsp;&nbsp; 4003641 |
| Kentucky (Commonwealth of) Property & Building Commission (No. 133); Series 2025 A, RB | 5.00% | 09/01/2045 | 4500 | &nbsp;&nbsp; 4836103 |
| Kentucky (Commonwealth of) Public Transportation Infrastructure Authority (Downtown Crossing); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013 C, RB | 6.60% | 07/01/2039 | 9000 | &nbsp;&nbsp; 10370646 |
| &nbsp;&nbsp;&nbsp; Series 2013 C, RB | 6.75% | 07/01/2043 | 5000 | &nbsp;&nbsp; 5667169 |
| &nbsp;&nbsp;&nbsp; Series 2013 C, RB | 6.88% | 07/01/2046 | 7000 | &nbsp;&nbsp; 7938290 |
|  |  |  |  | &nbsp;&nbsp; 55415841 |
| **Louisiana–1.51%** | **Louisiana–1.51%** | **Louisiana–1.51%** | **Louisiana–1.51%** | **Louisiana–1.51%** |
| Juban Crossing Community Development District; Series 2024 B, RB | 6.25% | 06/01/2034 | 2425 | &nbsp;&nbsp; 2527867 |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development <br> Authority;<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB | 6.00% | 11/15/2030 | 2250 | &nbsp;&nbsp; 2251218 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB | 6.00% | 11/15/2035 | 4135 | &nbsp;&nbsp; 4136378 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB | 6.25% | 11/15/2045 | 7735 | &nbsp;&nbsp; 7724308 |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development <br> Authority (Assumption (Parish of), LA Gomesa); Series 2021, RB<sup>(a)</sup> <br>| 3.88% | 11/01/2045 | 5110 | &nbsp;&nbsp; 4581008 |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development <br> Authority (Cameron (Parish of), LA Gomesa) (Green Bonds); Series 2018, RB<sup>(a)</sup> <br>| 5.65% | 11/01/2037 | 2680 | &nbsp;&nbsp; 2803896 |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development <br> Authority (Lafourche (Parish of), LA Gomesa); Series 2019, RB<sup>(a)</sup> <br>| 3.95% | 11/01/2043 | 3415 | &nbsp;&nbsp; 3180223 |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development <br> Authority (Livingston (Parish of), LA Gomesha) (Green Bonds); Series 2018, RB<sup>(a)</sup> <br>| 5.38% | 11/01/2038 | 375 | &nbsp;&nbsp; 388551 |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development <br> Authority (St. Mary (Parish of), LA Gomesa); Series 2019, RB<sup>(a)</sup> <br>| 4.40% | 11/01/2044 | 2955 | &nbsp;&nbsp; 2885051 |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development <br> Authority (Terrebonne (Parish of), LA Gomesa); Series 2018 A, RB<sup>(a)</sup> <br>| 5.50% | 11/01/2039 | 1145 | &nbsp;&nbsp; 1187500 |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development <br> Authority (Vermilion (Parish of), LA Gomesha) (Green Bonds); Series 2019, RB<sup>(a)</sup> <br>| 4.63% | 11/01/2038 | 1280 | &nbsp;&nbsp; 1300099 |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Public Facilities Authority (Acadiana Renaissance Charter Academy); <br> Series 2025, RB<sup>(a)</sup> <br>| 6.15% | 06/15/2055 | 4500 | &nbsp;&nbsp; 4582120 |
| Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge); Series 2024, RB<sup>(c)</sup> <br>| 5.50% | 09/01/2059 | 26950 | &nbsp;&nbsp; 27549759 |
| Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.50% | 05/15/2050 | 3050 | &nbsp;&nbsp; 3280485 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.50% | 05/15/2055 | 11000 | &nbsp;&nbsp; 11735232 |
| Louisiana (State of) Public Facilities Authority (Waste Pro USA, Inc.); Series 2023, RB<sup>(a)(b)(c)</sup> <br>| 6.50% | 10/01/2028 | 4500 | &nbsp;&nbsp; 4739063 |
| &nbsp;&nbsp;&nbsp; Plaquemines Port Harbor & Terminal District (NOLA Terminal LLC); Series 2024 A, RB (Acquired <br> 06/04/2024-04/10/2025; Cost $19,535,531)<sup>(a)(e)</sup> <br>| 9.00% | 12/01/2044 | 20650 | &nbsp;&nbsp; 17945277 |
| St. James (Parish of), LA (Nustar Logistics, L.P.); Series 2010 2, RB<sup>(a)</sup> <br>| 6.35% | 07/01/2040 | 3000 | &nbsp;&nbsp; 3265611 |
|  |  |  |  | &nbsp;&nbsp; 106063646 |
| **Maryland–0.06%** | **Maryland–0.06%** | **Maryland–0.06%** | **Maryland–0.06%** | **Maryland–0.06%** |
| Howard (County of), MD (Vantage House Facility); Series 2016, Ref. RB | 5.00% | 04/01/2046 | 2710 | &nbsp;&nbsp; 2415460 |
| Rockville (City of), MD (Ingleside at King Farm); Series 2017 B, RB | 5.00% | 11/01/2042 | 2100 | &nbsp;&nbsp; 2034264 |
|  |  |  |  | &nbsp;&nbsp; 4449724 |
| **Massachusetts–1.48%** | **Massachusetts–1.48%** | **Massachusetts–1.48%** | **Massachusetts–1.48%** | **Massachusetts–1.48%** |
| Collegiate Charter School of Lowell; Series 2019, RB | 5.00% | 06/15/2049 | 1750 | &nbsp;&nbsp; 1667542 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Massachusetts–(continued)** | **Massachusetts–(continued)** | **Massachusetts–(continued)** | **Massachusetts–(continued)** | **Massachusetts–(continued)** |
| Massachusetts (Commonwealth of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2004 A, Ref. GO Bonds (INS - AMBAC)<sup>(h)(i)</sup> <br>| 5.50% | 08/01/2030 | $32040 | &nbsp;&nbsp; $35821572 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(h)</sup> <br>| 5.00% | 12/01/2052 | 30000 | &nbsp;&nbsp; 31486791 |
| Massachusetts (Commonwealth of) Development Finance Agency; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.25% | 07/01/2045 | 2465 | &nbsp;&nbsp; 2524477 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.25% | 07/01/2050 | 2000 | &nbsp;&nbsp; 2021598 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Boston Medical Center) (Green <br> Bonds); Series 2015, RB<br>| 5.00% | 07/01/2044 | 8165 | &nbsp;&nbsp; 8060891 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Brown University); Series 2025, <br> RB<br>| 5.50% | 08/15/2050 | 4000 | &nbsp;&nbsp; 4167863 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Lasell Village, Inc.); <br> Series 2025, RB<br>| 5.25% | 07/01/2055 | 2000 | &nbsp;&nbsp; 2012616 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Massachusetts Institute of <br> Technology); Series 2002 K, RB<sup>(h)</sup> <br>| 5.50% | 07/01/2032 | 5015 | &nbsp;&nbsp; 5948655 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.); <br> Series 2017, Ref. RB<sup>(a)</sup> <br>| 5.00% | 10/01/2057 | 10210 | &nbsp;&nbsp; 9879003 |
|  |  |  |  | &nbsp;&nbsp; 103591008 |
| **Michigan–1.32%** | **Michigan–1.32%** | **Michigan–1.32%** | **Michigan–1.32%** | **Michigan–1.32%** |
| Charyl Stockwell Academy; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.50% | 10/01/2035 | 2395 | &nbsp;&nbsp; 2394863 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.75% | 10/01/2045 | 3500 | &nbsp;&nbsp; 3255456 |
| Grand Blanc Academy; Series 2000, COP<sup>(b)(l)</sup> <br>| 7.75% | 02/01/2026 | 1020 | &nbsp;&nbsp; 993440 |
| Ivywood Classical Academy; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.88% | 01/01/2044 | 1970 | &nbsp;&nbsp; 1956939 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 6.00% | 01/01/2054 | 3885 | &nbsp;&nbsp; 3737193 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 6.25% | 01/01/2059 | 2755 | &nbsp;&nbsp; 2687482 |
| Kalamazoo Economic Development Corp. (Friendship Village of Kalamazoo); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB<sup>(a)</sup> <br>| 5.00% | 08/15/2041 | 1235 | &nbsp;&nbsp; 1121980 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB<sup>(a)</sup> <br>| 5.00% | 08/15/2051 | 1510 | &nbsp;&nbsp; 1229743 |
| Michigan (State of); Series 2024, RB<sup>(h)</sup> <br>| 5.50% | 11/15/2049 | 15000 | &nbsp;&nbsp; 16344105 |
| Michigan (State of) Finance Authority; Series 2020 B-2, Ref. RB<sup>(f)</sup> <br>| 0.00% | 06/01/2065 | 82350 | &nbsp;&nbsp; 8443082 |
| Michigan (State of) Finance Authority (Madison Academy); Series 2021, Ref. RB | 5.00% | 12/01/2046 | 1295 | &nbsp;&nbsp; 1134634 |
| Michigan (State of) Finance Authority (McLaren Health Care); Series 2019, RB | 4.00% | 02/15/2050 | 14975 | &nbsp;&nbsp; 13303431 |
| Michigan (State of) Housing Development Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(h)(j)</sup> <br>| 5.10% | 12/01/2037 | 10000 | &nbsp;&nbsp; 10694384 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(h)(j)</sup> <br>| 5.20% | 12/01/2040 | 4425 | &nbsp;&nbsp; 4596202 |
| Michigan (State of) Strategic Fund (Evangelical Homes); Series 2013, Ref. RB | 5.50% | 06/01/2047 | 5970 | &nbsp;&nbsp; 4711806 |
| Michigan (State of) Strategic Fund (Friendship Village of Kalamazoo); Series 2021, Ref. RB<sup>(a)</sup> <br>| 5.00% | 08/15/2051 | 2000 | &nbsp;&nbsp; 1628799 |
| Michigan (State of) Strategic Fund (Improvement); Series 2018, RB<sup>(c)</sup> <br>| 5.00% | 12/31/2043 | 1000 | &nbsp;&nbsp; 1001245 |
| Michigan Strategic Fund; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, RB<sup>(f)</sup> <br>| 0.00% | 07/01/2036 | 1970 | &nbsp;&nbsp; 439310 |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.00% | 07/01/2046 | 2000 | &nbsp;&nbsp; 446000 |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.00% | 07/01/2051 | 3080 | &nbsp;&nbsp; 686840 |
| Saline Economic Development Corp. (Evangelical Homes of Michigan); Series 2013, Ref. RB | 5.50% | 06/01/2047 | 6735 | &nbsp;&nbsp; 5315580 |
| Waterford Township Economic Development Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.00% | 07/01/2036 | 4550 | &nbsp;&nbsp; 1014650 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.00% | 07/01/2046 | 4895 | &nbsp;&nbsp; 1091585 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.00% | 07/01/2051 | 2795 | &nbsp;&nbsp; 623285 |
| Wayne (County of), MI Airport Authority (Detroit Metropolitan Airport); Series 2025, Ref. RB | 5.00% | 12/01/2044 | 3250 | &nbsp;&nbsp; 3488905 |
|  |  |  |  | &nbsp;&nbsp; 92340939 |
| **Minnesota–1.12%** | **Minnesota–1.12%** | **Minnesota–1.12%** | **Minnesota–1.12%** | **Minnesota–1.12%** |
| Anoka (City of), MN (The Homestead at Anoka, Inc.); Series 2017, Ref. RB | 5.50% | 11/01/2046 | 3700 | &nbsp;&nbsp; 3517284 |
| Bethel (City of), MN (Ecumen Obligated Group); Series 2024, Ref. RB | 6.25% | 03/01/2054 | 1000 | &nbsp;&nbsp; 962543 |
| Bethel (City of), MN (Spectrum High School); Series 2024, RB | 5.00% | 07/01/2059 | 2750 | &nbsp;&nbsp; 2560439 |
| Brainerd (City of), MN; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.75% | 05/01/2050 | 2565 | &nbsp;&nbsp; 2593848 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 6.00% | 05/01/2055 | 2665 | &nbsp;&nbsp; 2720669 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 6.00% | 05/01/2060 | 2400 | &nbsp;&nbsp; 2428411 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Minnesota–(continued)** | **Minnesota–(continued)** | **Minnesota–(continued)** | **Minnesota–(continued)** | **Minnesota–(continued)** |
| Brooklyn Park (City of), MN (Prairie Seeds Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.13% | 06/15/2054 | $4420 | &nbsp;&nbsp; $4049447 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.25% | 06/15/2064 | 2100 | &nbsp;&nbsp; 1905178 |
| Coon Rapids (City of), MN (Athlos Leadership Academy); Series 2025, Ref. RB | 6.50% | 06/15/2065 | 5000 | &nbsp;&nbsp; 5028301 |
| &nbsp;&nbsp;&nbsp; Duluth (City of), MN Economic Development Authority (Essentia Health Obligated Group); <br> Series 2018 A, Ref. RB<br>| 5.00% | 02/15/2053 | 3000 | &nbsp;&nbsp; 3025370 |
| &nbsp;&nbsp;&nbsp; Duluth (City of), MN Housing & Redevelopment Authority (Duluth Public Schools Academy); <br> Series 2018, Ref. RB<br>| 5.00% | 11/01/2048 | 2000 | &nbsp;&nbsp; 1612764 |
| Minneapolis (City of), MN (Riverton Community Housing); Series 2014, Ref. RB | 5.50% | 08/01/2049 | 5600 | &nbsp;&nbsp; 5564746 |
| Rochester (City of), MN (Homestead at Rochester, Inc.); Series 2013 A, RB | 6.88% | 12/01/2048 | 6000 | &nbsp;&nbsp; 6003157 |
| Shakopee (City of), MN; Series 2025, Ref. RB | 5.75% | 11/01/2055 | 2350 | &nbsp;&nbsp; 2351741 |
| &nbsp;&nbsp;&nbsp; St. Louis Park (City of), MN (Place Via Sol Project); Series 2018, RB (Acquired 12/26/2018; <br> Cost $25,778,941)<sup>(a)(b)(d)(e)</sup> <br>| 6.00% | 07/01/2027 | 25779 | &nbsp;&nbsp; 2577894 |
| St. Paul (City of), MN Housing & Redevelopment Authority (Emerald Gardens); Series 2010, Ref. RB | 6.50% | 03/01/2029 | 355 | &nbsp;&nbsp; 355189 |
| &nbsp;&nbsp;&nbsp; St. Paul (City of), MN Housing & Redevelopment Authority (Higher Ground Academy); Series 2018, <br> RB<br>| 5.13% | 12/01/2049 | 7560 | &nbsp;&nbsp; 7208003 |
| St. Paul (City of), MN Housing & Redevelopment Authority (Hmong College Prep Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.75% | 09/01/2046 | 1000 | &nbsp;&nbsp; 1002420 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 6.00% | 09/01/2051 | 3550 | &nbsp;&nbsp; 3559291 |
| &nbsp;&nbsp;&nbsp; St. Paul (City of), MN Housing & Redevelopment Authority (Hope Community Academy); <br> Series 2020, RB<br>| 5.00% | 12/01/2045 | 3800 | &nbsp;&nbsp; 2959806 |
| St. Paul (City of), MN Housing & Redevelopment Authority (Marian Center); Series 2007 A, Ref. RB | 5.38% | 05/01/2043 | 5000 | &nbsp;&nbsp; 4772176 |
| &nbsp;&nbsp;&nbsp; St. Paul (City of), MN Housing & Redevelopment Authority (Rossy & Richard Shaller Family Sholom <br> East Campus);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 4.35% | 10/01/2038 | 1185 | &nbsp;&nbsp; 1080210 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 4.65% | 10/01/2048 | 1500 | &nbsp;&nbsp; 1227953 |
| Vadnais Heights (City of), MN (Agriculture & Food Sciences Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.50% | 12/01/2038 | 3210 | &nbsp;&nbsp; 2456785 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.88% | 12/01/2048 | 4500 | &nbsp;&nbsp; 3220843 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 6.50% | 12/01/2053 | 4315 | &nbsp;&nbsp; 3211417 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, Ref. RB | 6.75% | 12/01/2025 | 230 | &nbsp;&nbsp; 230000 |
|  |  |  |  | &nbsp;&nbsp; 78185885 |
| **Mississippi–0.19%** | **Mississippi–0.19%** | **Mississippi–0.19%** | **Mississippi–0.19%** | **Mississippi–0.19%** |
| &nbsp;&nbsp;&nbsp; Mississippi (State of) Development Bank (Hancock County Gomesa) (Green Bonds); Series 2019, <br> RB<sup>(a)</sup> <br>| 4.55% | 11/01/2039 | 1585 | &nbsp;&nbsp; 1602866 |
| Mississippi (State of) Development Bank (Jackson County Gomesa); Series 2021, RB<sup>(a)</sup> <br>| 3.63% | 11/01/2036 | 800 | &nbsp;&nbsp; 758687 |
| &nbsp;&nbsp;&nbsp; Mississippi (State of) Hospital Equipment & Facilities Authority (Ochsner Clinic Foundation); <br> Series 2025, Ref. RB<br>| 5.50% | 05/15/2055 | 10000 | &nbsp;&nbsp; 10668393 |
|  |  |  |  | &nbsp;&nbsp; 13029946 |
| **Missouri–1.15%** | **Missouri–1.15%** | **Missouri–1.15%** | **Missouri–1.15%** | **Missouri–1.15%** |
| Branson Hills Infrastructure Facilities Community Improvement District; Series 2007 A, RB<sup>(g)</sup> <br>| 5.50% | 04/01/2027 | 4906 | &nbsp;&nbsp; 1373672 |
| Dardenne Town Square Transportation Development District; Series 2006 A, RB<sup>(m)</sup> <br>| 5.00% | 05/01/2036 | 5190 | &nbsp;&nbsp; 1764600 |
| &nbsp;&nbsp;&nbsp; Grandview (City of), MO Industrial Development Authority (Grandview Crossing); Series 2006, <br> RB<sup>(g)(m)</sup> <br>| 5.75% | 12/01/2028 | 1250 | &nbsp;&nbsp; 800000 |
| I-470 Western Gateway Transportation Development District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(a)</sup> <br>| 5.25% | 12/01/2048 | 6415 | &nbsp;&nbsp; 6419900 |
| &nbsp;&nbsp;&nbsp; Series 2019 B, RB<sup>(a)</sup> <br>| 7.75% | 12/15/2048 | 3853 | &nbsp;&nbsp; 3863693 |
| &nbsp;&nbsp;&nbsp; Kansas City (City of), MO Industrial Development Authority (Historic Northeast Redevelopment <br> Plan); Series 2024, RB<sup>(a)</sup> <br>| 5.00% | 06/01/2054 | 1250 | &nbsp;&nbsp; 1185671 |
| &nbsp;&nbsp;&nbsp; Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport); <br> Series 2020, RB (INS - AGI)<sup>(c)(i)</sup> <br>| 4.00% | 03/01/2057 | 750 | &nbsp;&nbsp; 658932 |
| &nbsp;&nbsp;&nbsp; Kansas City (City of), MO Industrial Development Authority (Northwoods Apartments); Series 2004 <br> A, RB<sup>(c)</sup> <br>| 6.45% | 05/01/2040 | 1572 | &nbsp;&nbsp; 1560375 |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.25% | 05/15/2037 | 3285 | &nbsp;&nbsp; 3289109 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.25% | 05/15/2042 | 1000 | &nbsp;&nbsp; 957530 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.25% | 05/15/2050 | 16750 | &nbsp;&nbsp; 14833790 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Missouri–(continued)** | **Missouri–(continued)** | **Missouri–(continued)** | **Missouri–(continued)** | **Missouri–(continued)** |
| Lee's Summit (City of), MO Industrial Development Authority (John Knox Village Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 5.25% | 08/15/2044 | $270 | &nbsp;&nbsp; $272330 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 5.63% | 08/15/2054 | 960 | &nbsp;&nbsp; 967715 |
| Liberty (City of), MO (Liberty Commons); Series 2015 A, RB<sup>(a)</sup> <br>| 6.00% | 06/01/2046 | 6170 | &nbsp;&nbsp; 6051085 |
| Missouri (State of) Development Finance Board (St. Louis Zoo); Series 2022, RB<sup>(h)</sup> <br>| 5.13% | 05/01/2052 | 10005 | &nbsp;&nbsp; 10286062 |
| &nbsp;&nbsp;&nbsp; Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services); <br> Series 2024, Ref. RB<br>| 5.25% | 02/01/2054 | 1250 | &nbsp;&nbsp; 1242506 |
| Missouri (State of) Health & Educational Facilities Authority (Mercy Health); Series 2025, Ref. RB<sup>(a)</sup> <br>| 6.25% | 10/01/2055 | 3600 | &nbsp;&nbsp; 3629337 |
| &nbsp;&nbsp;&nbsp; Missouri (State of) Health & Educational Facilities Authority (Truman Medical Center, Inc.); <br> Series 2017 B, RB<sup>(a)</sup> <br>| 4.25% | 12/01/2042 | 4870 | &nbsp;&nbsp; 4363471 |
| St. Louis (County of), MO Industrial Development Authority (Friendship Village West County); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.13% | 09/01/2048 | 6720 | &nbsp;&nbsp; 6657810 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.13% | 09/01/2049 | 6475 | &nbsp;&nbsp; 6391665 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.25% | 09/01/2053 | 3900 | &nbsp;&nbsp; 3856656 |
|  |  |  |  | &nbsp;&nbsp; 80425909 |
| **Montana–0.11%** | **Montana–0.11%** | **Montana–0.11%** | **Montana–0.11%** | **Montana–0.11%** |
| Kalispell (City of), MT (Immanuel Living At Buffalo Hill); Series 2025, Ref. RB | 6.00% | 05/15/2060 | 3250 | &nbsp;&nbsp; 3318211 |
| Kalispell (City of), MT (Immanuel Lutheran Corp.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.25% | 05/15/2037 | 1000 | &nbsp;&nbsp; 1005144 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.25% | 05/15/2047 | 3395 | &nbsp;&nbsp; 3161247 |
|  |  |  |  | &nbsp;&nbsp; 7484602 |
| **Nebraska–0.27%** | **Nebraska–0.27%** | **Nebraska–0.27%** | **Nebraska–0.27%** | **Nebraska–0.27%** |
| Central Plains Energy Project (No. 3); Series 2017 A, Ref. RB | 5.00% | 09/01/2042 | 2500 | &nbsp;&nbsp; 2687530 |
| Omaha (City of), NE Public Power District; Series 2025 B, RB | 5.00% | 02/01/2055 | 15500 | &nbsp;&nbsp; 16261782 |
|  |  |  |  | &nbsp;&nbsp; 18949312 |
| **Nevada–0.15%** | **Nevada–0.15%** | **Nevada–0.15%** | **Nevada–0.15%** | **Nevada–0.15%** |
| &nbsp;&nbsp;&nbsp; Henderson (City of), NV Local Improvement District No. T-22 (Rainbow Canyon Phase II); <br> Series 2023, RB<br>| 5.25% | 03/01/2053 | 490 | &nbsp;&nbsp; 491372 |
| Las Vegas (City of), NV Special Improvement District No. 613; Series 2024, RB | 5.50% | 12/01/2053 | 600 | &nbsp;&nbsp; 609835 |
| &nbsp;&nbsp;&nbsp; Nevada (State of) Department of Business & Industry (Fulcrum Sierra Biofuels, LLC) (Green Bonds); <br> Series 2017, RB<sup>(a)(c)</sup> <br>| 6.25% | 12/15/2037 | 781 | &nbsp;&nbsp; 8 |
| Nevada (State of) Department of Business & Industry (Green Bonds); Series 2025, RB<sup>(b)(c)</sup> <br>| 12.00% | 11/02/2026 | 2165 | &nbsp;&nbsp; 1840250 |
| &nbsp;&nbsp;&nbsp; North Las Vegas (City of), NV Special Improvement District No. 66 (Villages at Tule Springs Village <br> 1);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(a)</sup> <br>| 5.75% | 06/01/2042 | 340 | &nbsp;&nbsp; 351979 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(a)</sup> <br>| 6.00% | 06/01/2052 | 1750 | &nbsp;&nbsp; 1799751 |
| Reno (City of), NV (ReTRAC - Reno Transportation Rail Access Corridor); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 C, Ref. RB<sup>(a)(f)</sup> <br>| 0.00% | 07/01/2058 | 22500 | &nbsp;&nbsp; 3684427 |
| &nbsp;&nbsp;&nbsp; Series 2018 D, Ref. RB<sup>(a)(f)</sup> <br>| 0.00% | 07/01/2058 | 13000 | &nbsp;&nbsp; 1539859 |
|  |  |  |  | &nbsp;&nbsp; 10317481 |
| **New Hampshire–1.83%** | **New Hampshire–1.83%** | **New Hampshire–1.83%** | **New Hampshire–1.83%** | **New Hampshire–1.83%** |
| New Hampshire (State of) Business Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(a)(f)</sup> <br>| 0.00% | 02/01/2035 | 36978 | &nbsp;&nbsp; 20590730 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)(f)</sup> <br>| 0.00% | 12/15/2032 | 10000 | &nbsp;&nbsp; 6273486 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.15% | 09/28/2037 | 1000 | &nbsp;&nbsp; 1014296 |
| New Hampshire (State of) Business Finance Authority (Covanta); Series 2018 C, Ref. RB<sup>(a)(c)</sup> <br>| 4.88% | 11/01/2042 | 7500 | &nbsp;&nbsp; 6832301 |
| New Hampshire (State of) Business Finance Authority (Grace Christian School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.75% | 08/01/2055 | 12355 | &nbsp;&nbsp; 12302952 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 6.00% | 08/01/2065 | 5905 | &nbsp;&nbsp; 5956460 |
| New Hampshire (State of) Business Finance Authority (Green Bonds); Series 2025, RB | 4.09% | 01/20/2041 | 4971 | &nbsp;&nbsp; 4936593 |
| New Hampshire (State of) Business Finance Authority (Megatel); Series 2025, RB<sup>(a)(f)</sup> <br>| 0.00% | 12/15/2033 | 10985 | &nbsp;&nbsp; 6798755 |
| New Hampshire (State of) Business Finance Authority (River Ranch); Series 2025, RB<sup>(a)(f)</sup> <br>| 0.00% | 12/01/2031 | 27000 | &nbsp;&nbsp; 18954956 |
| &nbsp;&nbsp;&nbsp; New Hampshire (State of) Business Finance Authority (Social Certificates); Series 2024-3, <br> Revenue Ctfs.<br>| 4.16% | 10/01/2051 | 9920 | &nbsp;&nbsp; 9815350 |
| New Hampshire (State of) Business Finance Authority (The Attwater); Series 2024, RB<sup>(a)(f)</sup> <br>| 0.00% | 04/01/2032 | 4000 | &nbsp;&nbsp; 2712219 |
| &nbsp;&nbsp;&nbsp; New Hampshire (State of) Business Finance Authority (The Wildflower Project); Series 2025, <br> RB<sup>(a)(f)</sup> <br>| 0.00% | 12/15/2033 | 5750 | &nbsp;&nbsp; 3529666 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **New Hampshire–(continued)** | **New Hampshire–(continued)** | **New Hampshire–(continued)** | **New Hampshire–(continued)** | **New Hampshire–(continued)** |
| New Hampshire (State of) Business Finance Authority (Thomas Ranch); Series 2024, RB<sup>(a)(f)</sup> <br>| 0.00% | 12/01/2034 | $38000 | &nbsp;&nbsp; $21376280 |
| &nbsp;&nbsp;&nbsp; New Hampshire (State of) Housing Finance Authority (University Hospitals Home Care Services, <br> Inc.);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(a)</sup> <br>| 5.63% | 12/15/2033 | 4455 | &nbsp;&nbsp; 4581597 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(a)</sup> <br>| 6.25% | 12/15/2038 | 2145 | &nbsp;&nbsp; 2251874 |
|  |  |  |  | &nbsp;&nbsp; 127927515 |
| **New Jersey–2.19%** | **New Jersey–2.19%** | **New Jersey–2.19%** | **New Jersey–2.19%** | **New Jersey–2.19%** |
| &nbsp;&nbsp;&nbsp; Camden (County of), NJ Improvement Authority (The) (KIPP Cooper Norcross Academy) (Social <br> Bonds);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 6.00% | 06/15/2047 | 1425 | &nbsp;&nbsp; 1493262 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 6.00% | 06/15/2062 | 4300 | &nbsp;&nbsp; 4464308 |
| New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 1999, RB<sup>(c)</sup> <br>| 5.25% | 09/15/2029 | 33235 | &nbsp;&nbsp; 33278385 |
| &nbsp;&nbsp;&nbsp; Series 2000 A, RB<sup>(c)</sup> <br>| 5.63% | 11/15/2030 | 20000 | &nbsp;&nbsp; 20034682 |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(c)</sup> <br>| 5.75% | 09/15/2027 | 24180 | &nbsp;&nbsp; 24220465 |
| New Jersey (State of) Economic Development Authority (NACT Somerset, Inc.); Series 2024, RB<sup>(a)</sup> <br>| 7.00% | 08/01/2054 | 7265 | &nbsp;&nbsp; 7161715 |
| New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, RB<sup>(c)</sup> <br>| 5.38% | 01/01/2043 | 3500 | &nbsp;&nbsp; 3503195 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB<sup>(c)</sup> <br>| 5.63% | 01/01/2052 | 10750 | &nbsp;&nbsp; 10758745 |
| New Jersey (State of) Transportation Trust Fund Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2010 A, RB<sup>(f)</sup> <br>| 0.00% | 12/15/2037 | 10000 | &nbsp;&nbsp; 6417081 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 12/15/2039 | 6300 | &nbsp;&nbsp; 6635862 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(h)(j)</sup> <br>| 5.25% | 06/15/2050 | 12000 | &nbsp;&nbsp; 12656214 |
| &nbsp;&nbsp;&nbsp; Series 2025 AA, RB | 5.00% | 06/15/2044 | 5675 | &nbsp;&nbsp; 6074072 |
| &nbsp;&nbsp;&nbsp; Series 2025 AA, RB | 5.00% | 06/15/2045 | 5500 | &nbsp;&nbsp; 5850920 |
| Tobacco Settlement Financing Corp.; Series 2018 B, Ref. RB | 5.00% | 06/01/2046 | 11255 | &nbsp;&nbsp; 10943920 |
|  |  |  |  | &nbsp;&nbsp; 153492826 |
| **New Mexico–0.10%** | **New Mexico–0.10%** | **New Mexico–0.10%** | **New Mexico–0.10%** | **New Mexico–0.10%** |
| New Mexico (State of) Hospital Equipment Loan Council (La Vida Expansion); Series 2019 A, RB | 5.00% | 07/01/2039 | 1225 | &nbsp;&nbsp; 1215097 |
| Winrock Town Center Tax Increment Development District No. 1; Series 2020, RB<sup>(a)</sup> <br>| 8.00% | 05/01/2040 | 5453 | &nbsp;&nbsp; 5456654 |
|  |  |  |  | &nbsp;&nbsp; 6671751 |
| **New York–12.44%** | **New York–12.44%** | **New York–12.44%** | **New York–12.44%** | **New York–12.44%** |
| Amherst (Town of), NY Industrial Development Agency (Shaary Zedek); Series 2006 A, Ref. RB | 7.00% | 06/15/2036 | 1420 | &nbsp;&nbsp; 1420746 |
| Brooklyn Arena Local Development Corp. (Barclays Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009, RB<sup>(f)</sup> <br>| 0.00% | 07/15/2034 | 14345 | &nbsp;&nbsp; 10269436 |
| &nbsp;&nbsp;&nbsp; Series 2009, RB<sup>(f)</sup> <br>| 0.00% | 07/15/2044 | 23805 | &nbsp;&nbsp; 9429144 |
| Broome County Local Development Corp. (Good Shepherd Village at Endwell); Series 2021, Ref. RB | 4.00% | 07/01/2047 | 1160 | &nbsp;&nbsp; 987365 |
| Buffalo & Erie County Industrial Land Development Corp. (Tapestry Charter School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.00% | 08/01/2037 | 1325 | &nbsp;&nbsp; 1334516 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.00% | 08/01/2047 | 4290 | &nbsp;&nbsp; 4161042 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.00% | 08/01/2052 | 790 | &nbsp;&nbsp; 750261 |
| Build NYC Resource Corp.; Series 2025, RB<sup>(a)</sup> <br>| 5.63% | 07/01/2045 | 2000 | &nbsp;&nbsp; 1991563 |
| &nbsp;&nbsp;&nbsp; Build NYC Resource Corp. (Brooklyn Navy Yard); Series 2019, Ref. RB (LOC - Santander Bank <br> N.A.)<sup>(a)(c)(n)</sup> <br>| 5.50% | 12/31/2040 | 13140 | &nbsp;&nbsp; 12965367 |
| Build NYC Resource Corp. (Classical Charter Schools); Series 2023, RB | 4.75% | 06/15/2053 | 1240 | &nbsp;&nbsp; 1126958 |
| Build NYC Resource Corp. (NY Preparatory Charter School); Series 2021 A, RB<sup>(a)</sup> <br>| 4.00% | 06/15/2041 | 1310 | &nbsp;&nbsp; 1144510 |
| Build NYC Resource Corp. (Unity Preparatory Charter School of Brooklyn); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(a)</sup> <br>| 5.00% | 06/15/2033 | 600 | &nbsp;&nbsp; 633519 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(a)</sup> <br>| 5.50% | 06/15/2053 | 1150 | &nbsp;&nbsp; 1137976 |
| Dutchess County Local Development Corp. (Health Quest Systems, Inc.); Series 2016 B, RB | 5.00% | 07/01/2046 | 1000 | &nbsp;&nbsp; 993732 |
| Metropolitan Transportation Authority (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 C, RB (INS - AGI)<sup>(i)</sup> <br>| 4.00% | 11/15/2046 | 14745 | &nbsp;&nbsp; 13551436 |
| &nbsp;&nbsp;&nbsp; Series 2020 A-1, RB | 4.00% | 11/15/2053 | 27500 | &nbsp;&nbsp; 24425574 |
| &nbsp;&nbsp;&nbsp; Series 2020 D-1, RB | 5.00% | 11/15/2045 | 10000 | &nbsp;&nbsp; 10258179 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 5.25% | 11/15/2049 | 12000 | &nbsp;&nbsp; 12647912 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **New York–(continued)** | **New York–(continued)** | **New York–(continued)** | **New York–(continued)** | **New York–(continued)** |
| Monroe County Industrial Development Corp. (Eugenio Maria De Hostos Charter School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(a)</sup> <br>| 5.00% | 07/01/2054 | $2025 | &nbsp;&nbsp; $1816947 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(a)</sup> <br>| 5.00% | 07/01/2059 | 2610 | &nbsp;&nbsp; 2320441 |
| Monroe County Industrial Development Corp. (Rochester Regional Health); Series 2020, Ref. RB | 4.00% | 12/01/2046 | 10200 | &nbsp;&nbsp; 8944739 |
| Nassau (County of), NY Industrial Development Agency; Series 2021, RB<sup>(f)(g)</sup> <br>| 0.00% | 01/01/2058 | 30886 | &nbsp;&nbsp; 0 |
| Nassau County Tobacco Settlement Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006 A-3, RB | 5.00% | 06/01/2035 | 10390 | &nbsp;&nbsp; 8384881 |
| &nbsp;&nbsp;&nbsp; Series 2006 A-3, RB | 5.13% | 06/01/2046 | 67625 | &nbsp;&nbsp; 51444217 |
| &nbsp;&nbsp;&nbsp; Series 2006 B, RB<sup>(f)</sup> <br>| 0.00% | 06/01/2046 | 105990 | &nbsp;&nbsp; 31357809 |
| New York & New Jersey (States of) Port Authority; Ninety-Third Series 1994, RB | 6.13% | 06/01/2094 | 1500 | &nbsp;&nbsp; 1502533 |
| New York (City of), NY; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds<sup>(h)(j)</sup> <br>| 5.25% | 04/01/2054 | 15000 | &nbsp;&nbsp; 15689669 |
| &nbsp;&nbsp;&nbsp; Subseries 2023 B-1, GO Bonds<sup>(h)</sup> <br>| 5.25% | 10/01/2047 | 10000 | &nbsp;&nbsp; 10493582 |
| New York (City of), NY Municipal Water Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 AA, RB | 5.25% | 06/15/2053 | 4000 | &nbsp;&nbsp; 4245462 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(h)</sup> <br>| 5.00% | 06/15/2051 | 25000 | &nbsp;&nbsp; 25928515 |
| &nbsp;&nbsp;&nbsp; Subseries 2023 AA-3, RB<sup>(h)</sup> <br>| 5.00% | 06/15/2047 | 10000 | &nbsp;&nbsp; 10505318 |
| New York (City of), NY Transitional Finance Authority; Series 2022, RB<sup>(h)</sup> <br>| 5.25% | 11/01/2048 | 12500 | &nbsp;&nbsp; 13158818 |
| New York (State of) Dormitory Authority; Series 2018 E, RB<sup>(h)</sup> <br>| 5.00% | 03/15/2046 | 35050 | &nbsp;&nbsp; 35937228 |
| &nbsp;&nbsp;&nbsp; New York (State of) Dormitory Authority (Montefiore Obligated Group); Series 2020 A, Ref. RB (INS <br> - AGI)<sup>(i)</sup> <br>| 3.00% | 09/01/2050 | 14775 | &nbsp;&nbsp; 10913156 |
| New York (State of) Dormitory Authority (New School (The)); Series 2025 A, Ref. RB | 4.25% | 07/01/2050 | 4500 | &nbsp;&nbsp; 4188150 |
| New York (State of) Thruway Authority; Series 2019 B, RB | 4.00% | 01/01/2053 | 15000 | &nbsp;&nbsp; 13598640 |
| New York (State of) Thruway Authority (Bidding Group 1) (Green Bonds); Series 2022 C, RB | 4.13% | 03/15/2057 | 15000 | &nbsp;&nbsp; 13966441 |
| New York (State of) Thruway Authority (Bidding Group 2) (Green Bonds); Series 2022 C, RB | 4.13% | 03/15/2056 | 5000 | &nbsp;&nbsp; 4660623 |
| New York (State of) Thruway Authority (Bidding Group 5); Series 2021 A-1, Ref. RB | 4.00% | 03/15/2059 | 30000 | &nbsp;&nbsp; 26998734 |
| New York City Health and Hospitals Corp. (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 F-1, RB (CEP - Federal Housing Administration) | 4.85% | 11/01/2052 | 3000 | &nbsp;&nbsp; 2996076 |
| &nbsp;&nbsp;&nbsp; Series 2022 F-1, RB (CEP - Federal Housing Administration) | 4.90% | 11/01/2057 | 3000 | &nbsp;&nbsp; 3011680 |
| New York Convention Center Development Corp. (Hotel Unit Fee Secured); Series 2016, RB<sup>(f)</sup> <br>| 0.00% | 11/15/2049 | 13390 | &nbsp;&nbsp; 4414882 |
| New York Counties Tobacco Trust IV; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005 F, RB<sup>(f)</sup> <br>| 0.00% | 06/01/2060 | 50000 | &nbsp;&nbsp; 2374515 |
| &nbsp;&nbsp;&nbsp; Series 2010 A, RB<sup>(a)</sup> <br>| 6.25% | 06/01/2041 | 5992 | &nbsp;&nbsp; 5784758 |
| New York Counties Tobacco Trust V; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005 S-2, RB<sup>(f)</sup> <br>| 0.00% | 06/01/2050 | 45500 | &nbsp;&nbsp; 6933386 |
| &nbsp;&nbsp;&nbsp; Series 2005 S-3, RB<sup>(f)</sup> <br>| 0.00% | 06/01/2055 | 268000 | &nbsp;&nbsp; 22291141 |
| New York Liberty Development Corp. (3 World Trade Center); Series 2014-3, Ref. RB<sup>(a)</sup> <br>| 7.25% | 11/15/2044 | 46500 | &nbsp;&nbsp; 46534433 |
| New York Liberty Development Corp. (7 World Trade Center); Series 2022, Ref. RB | 3.13% | 09/15/2050 | 9130 | &nbsp;&nbsp; 6930773 |
| New York Liberty Development Corp. (Green Bonds); Series 2021 A, Ref. RB (INS - AGI)<sup>(i)</sup> <br>| 3.00% | 11/15/2051 | 10000 | &nbsp;&nbsp; 7354373 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy <br> International Airport);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(c)</sup> <br>| 5.25% | 08/01/2031 | 5965 | &nbsp;&nbsp; 6187848 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(c)</sup> <br>| 5.38% | 08/01/2036 | 11505 | &nbsp;&nbsp; 12022203 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB<sup>(c)</sup> <br>| 3.00% | 08/01/2031 | 2400 | &nbsp;&nbsp; 2276468 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D <br> Redevelopment); Series 2020, RB<sup>(c)</sup> <br>| 4.38% | 10/01/2045 | 8200 | &nbsp;&nbsp; 7736833 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal <br> One) (Green Bonds);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 6.00% | 06/30/2054 | 30745 | &nbsp;&nbsp; 31983258 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 5.38% | 06/30/2060 | 14230 | &nbsp;&nbsp; 14280842 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 5.50% | 06/30/2060 | 30000 | &nbsp;&nbsp; 30407976 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (John F. Kennedy International Airport) (Green <br> Bonds); Series 2023, RB (INS - BAM)<sup>(c)(i)</sup> <br>| 5.38% | 06/30/2060 | 7500 | &nbsp;&nbsp; 7653736 |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(c)</sup> <br>| 5.25% | 01/01/2050 | 13695 | &nbsp;&nbsp; 13694858 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 5.63% | 04/01/2040 | 18500 | &nbsp;&nbsp; 19441269 |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB (INS - AGI)<sup>(c)(i)</sup> <br>| 4.00% | 12/01/2042 | 5000 | &nbsp;&nbsp; 4800850 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(c)(i)(k)</sup> <br>| 5.00% | 12/31/2054 | 2250 | &nbsp;&nbsp; 1471027 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **New York–(continued)** | **New York–(continued)** | **New York–(continued)** | **New York–(continued)** | **New York–(continued)** |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(c)(i)</sup> <br>| 5.25% | 12/31/2054 | $3840 | &nbsp;&nbsp; $3906653 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(c)</sup> <br>| 5.50% | 12/31/2060 | 10000 | &nbsp;&nbsp; 10222315 |
| Niagara Area Development Corp. (Covanta); Series 2018 A, Ref. RB<sup>(a)(c)</sup> <br>| 4.75% | 11/01/2042 | 8285 | &nbsp;&nbsp; 7435964 |
| Rockland Tobacco Asset Securitization Corp.; Series 2005 C, RB<sup>(a)(f)</sup> <br>| 0.00% | 08/15/2060 | 368350 | &nbsp;&nbsp; 26956295 |
| Suffolk Regional Off-Track Betting Corp.; Series 2024, RB | 5.75% | 12/01/2044 | 8800 | &nbsp;&nbsp; 8951058 |
| Tompkins County Development Corp. (Tompkins Cortland Community College Foundation, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013 A, RB<sup>(d)</sup> <br>| 5.00% | 07/01/2027 | 1985 | &nbsp;&nbsp; 397000 |
| &nbsp;&nbsp;&nbsp; Series 2013 A, RB<sup>(d)</sup> <br>| 5.00% | 07/01/2038 | 5700 | &nbsp;&nbsp; 1140000 |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 11/15/2056 | 10000 | &nbsp;&nbsp; 9123462 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(h)</sup> <br>| 5.00% | 05/15/2057 | 11490 | &nbsp;&nbsp; 11796084 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(h)(j)</sup> <br>| 5.25% | 05/15/2057 | 20000 | &nbsp;&nbsp; 20924314 |
| TSASC, Inc.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 B, Ref. RB | 5.00% | 06/01/2045 | 9325 | &nbsp;&nbsp; 8293964 |
| &nbsp;&nbsp;&nbsp; Series 2016 B, Ref. RB | 5.00% | 06/01/2048 | 23395 | &nbsp;&nbsp; 20613487 |
| Ulster County Capital Resource Corp.; Series 2025, RB<sup>(a)</sup> <br>| 5.88% | 09/15/2059 | 2000 | &nbsp;&nbsp; 1981161 |
| &nbsp;&nbsp;&nbsp; Westchester (County of), NY Industrial Development Agency (Million Air Two LLC General Aviation <br> Facilities); Series 2017 A, RB<sup>(a)(c)</sup> <br>| 7.00% | 06/01/2046 | 51990 | &nbsp;&nbsp; 54132316 |
| Westchester County Healthcare Corp.; Series 2014 A, RB | 5.00% | 11/01/2044 | 0 | &nbsp;&nbsp; 404 |
| Westchester County Local Development Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB<sup>(a)</sup> <br>| 5.00% | 07/01/2041 | 5000 | &nbsp;&nbsp; 4988419 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 7.50% | 11/01/2055 | 6000 | &nbsp;&nbsp; 6632208 |
| Westchester Tobacco Asset Securitization Corp.; Series 2016 C, Ref. RB | 5.13% | 06/01/2051 | 9405 | &nbsp;&nbsp; 7980051 |
|  |  |  |  | &nbsp;&nbsp; 871343479 |
| **North Carolina–0.08%** | **North Carolina–0.08%** | **North Carolina–0.08%** | **North Carolina–0.08%** | **North Carolina–0.08%** |
| North Carolina (State of) Medical Care Commission (Salemtowne Project); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.00% | 10/01/2038 | 1485 | &nbsp;&nbsp; 1471271 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.00% | 10/01/2048 | 5055 | &nbsp;&nbsp; 4455447 |
|  |  |  |  | &nbsp;&nbsp; 5926718 |
| **North Dakota–0.28%** | **North Dakota–0.28%** | **North Dakota–0.28%** | **North Dakota–0.28%** | **North Dakota–0.28%** |
| Grand Forks (City of), ND (Altru Health System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 12/01/2046 | 9395 | &nbsp;&nbsp; 8172147 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 12/01/2051 | 11845 | &nbsp;&nbsp; 9891428 |
| Horace (City of), ND; Series 2024 C, Ref. GO Bonds | 5.00% | 05/01/2050 | 1500 | &nbsp;&nbsp; 1504554 |
|  |  |  |  | &nbsp;&nbsp; 19568129 |
| **Ohio–3.62%** | **Ohio–3.62%** | **Ohio–3.62%** | **Ohio–3.62%** | **Ohio–3.62%** |
| Buckeye Tobacco Settlement Financing Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A-2, Ref. RB | 3.00% | 06/01/2048 | 11000 | &nbsp;&nbsp; 7835390 |
| &nbsp;&nbsp;&nbsp; Series 2020 B-2, Ref. RB | 5.00% | 06/01/2055 | 68005 | &nbsp;&nbsp; 57364115 |
| &nbsp;&nbsp;&nbsp; Series 2020 B-3, Ref. RB<sup>(f)</sup> <br>| 0.00% | 06/01/2057 | 86730 | &nbsp;&nbsp; 7620159 |
| &nbsp;&nbsp;&nbsp; Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Constellation Schools); <br> Series 2024, Ref. RB<sup>(a)</sup> <br>| 5.88% | 01/01/2049 | 1350 | &nbsp;&nbsp; 1343546 |
| &nbsp;&nbsp;&nbsp; Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Pinecrest Public Improvement); <br> Series 2017, RB<sup>(a)</sup> <br>| 7.00% | 11/15/2048 | 7360 | &nbsp;&nbsp; 7643657 |
| Cleveland (City of), OH (Continental Airlines, Inc.); Series 1998, RB<sup>(c)</sup> <br>| 5.38% | 09/15/2027 | 4190 | &nbsp;&nbsp; 4195811 |
| Columbus (City of) & Franklin (County of), OH Finance Authority (Easton); Series 2020, RB<sup>(a)</sup> <br>| 5.00% | 06/01/2028 | 2295 | &nbsp;&nbsp; 2315778 |
| Cuyahoga (County of), OH (MetroHealth System); Series 2017, Ref. RB | 5.25% | 02/15/2047 | 5500 | &nbsp;&nbsp; 5386197 |
| Dayton-Montgomery County Port Authority (Dayton Regional Stem Schools, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 12/01/2054 | 800 | &nbsp;&nbsp; 797521 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 12/01/2060 | 1100 | &nbsp;&nbsp; 1090942 |
| Franklin (County of), OH (Wesley Communities); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 5.25% | 11/15/2040 | 1000 | &nbsp;&nbsp; 1011160 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 5.25% | 11/15/2055 | 7425 | &nbsp;&nbsp; 6858718 |
| &nbsp;&nbsp;&nbsp; Franklin (County of), OH Convention Facilities Authority (Greater Columbus Convention Center); <br> Series 2019, RB<br>| 5.00% | 12/01/2051 | 2500 | &nbsp;&nbsp; 2439846 |
| Greater Cincinnati (Port of), OH Development Authority (Duke Energy Corp.); Series 2024, Ref. RB | 5.00% | 12/01/2063 | 18625 | &nbsp;&nbsp; 18922519 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Ohio–(continued)** | **Ohio–(continued)** | **Ohio–(continued)** | **Ohio–(continued)** | **Ohio–(continued)** |
| Greene (County of), OH Port Authority (Community First Solutions Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 05/15/2055 | $2435 | &nbsp;&nbsp; $2339308 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 05/15/2059 | 4040 | &nbsp;&nbsp; 3833280 |
| Hamilton (County of), OH (Life Enriching Communities); Series 2025, Ref. RB | 5.50% | 01/01/2050 | 1900 | &nbsp;&nbsp; 1940934 |
| Hamilton (County of), OH (UC Health); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/15/2050 | 19100 | &nbsp;&nbsp; 15951031 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB | 5.50% | 08/01/2051 | 2500 | &nbsp;&nbsp; 2583244 |
| Marion (County of), OH (United Church Homes, Inc.); Series 2019, Ref. RB | 5.13% | 12/01/2049 | 3545 | &nbsp;&nbsp; 2692090 |
| Montgomery (County of), OH (Premier Health Partners Obligated Group); Series 2019 A, Ref. RB | 4.00% | 11/15/2045 | 14245 | &nbsp;&nbsp; 12485713 |
| Montgomery (County of), OH (Trousdale Foundation Properties); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB (Acquired 08/29/2018-09/14/2020; Cost $4,695,340)<sup>(a)(d)(e)</sup> <br>| 6.00% | 04/01/2038 | 5771 | &nbsp;&nbsp; 72136 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB (Acquired 04/01/2020-09/14/2020; Cost $936,226)<sup>(a)(d)(e)</sup> <br>| 6.25% | 04/01/2049 | 1679 | &nbsp;&nbsp; 20986 |
| Muskingum (County of), OH (Genesis Healthcare System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 02/15/2044 | 16930 | &nbsp;&nbsp; 16835316 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 02/15/2048 | 15250 | &nbsp;&nbsp; 14732139 |
| Ohio (State of) Air Quality Development Authority (AMG Vanadium Project); Series 2019, RB<sup>(a)(c)</sup> <br>| 5.00% | 07/01/2049 | 4900 | &nbsp;&nbsp; 4466540 |
| Ohio (State of) Higher Educational Facility Commission (John Carroll University 2025); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.50% | 10/01/2050 | 1300 | &nbsp;&nbsp; 1305854 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.50% | 10/01/2057 | 1800 | &nbsp;&nbsp; 1801312 |
| Ohio (State of) Higher Educational Facility Commission (Xavier University); Series 2024, Ref. RB | 5.25% | 05/01/2054 | 1535 | &nbsp;&nbsp; 1569157 |
| Ohio (State of) Housing Finance Agency; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)</sup> <br>| 8.75% | 01/01/2034 | 900 | &nbsp;&nbsp; 901877 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)</sup> <br>| 8.75% | 01/01/2039 | 1000 | &nbsp;&nbsp; 1004807 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)</sup> <br>| 6.25% | 01/01/2045 | 2865 | &nbsp;&nbsp; 2937608 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)</sup> <br>| 6.25% | 01/01/2045 | 2970 | &nbsp;&nbsp; 3045269 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)</sup> <br>| 6.25% | 01/01/2045 | 2360 | &nbsp;&nbsp; 2419810 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)</sup> <br>| 6.38% | 01/01/2045 | 2810 | &nbsp;&nbsp; 2903991 |
| Ohio (State of) Housing Finance Agency (Silver Birch of Mansfield); Series 2024, RB<sup>(a)</sup> <br>| 6.00% | 01/01/2045 | 2000 | &nbsp;&nbsp; 2005160 |
| Ohio State University (The) (Green Bonds); Series 2021 A, GO Bonds (INS - AGI)<sup>(h)(i)</sup> <br>| 5.50% | 11/01/2059 | 10000 | &nbsp;&nbsp; 10513123 |
| &nbsp;&nbsp;&nbsp; Tuscarawas (County of), OH Economic Development and Finance Alliance (Ashland University); <br> Series 2015, Ref. RB<br>| 6.00% | 03/01/2045 | 5000 | &nbsp;&nbsp; 4881661 |
| University of Cincinnati; Series 2025, RB<sup>(h)</sup> <br>| 5.25% | 06/01/2054 | 15000 | &nbsp;&nbsp; 15806435 |
|  |  |  |  | &nbsp;&nbsp; 253874140 |
| **Oklahoma–1.69%** | **Oklahoma–1.69%** | **Oklahoma–1.69%** | **Oklahoma–1.69%** | **Oklahoma–1.69%** |
| Atoka (County of), OK Health Care Authority (Atoka Memorial Hospital); Series 2007, RB | 6.63% | 10/01/2037 | 2645 | &nbsp;&nbsp; 2470507 |
| Oklahoma (County of), OK Finance Authority (Astec); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(a)</sup> <br>| 6.25% | 06/15/2054 | 3325 | &nbsp;&nbsp; 3219899 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(a)</sup> <br>| 6.50% | 06/15/2064 | 4275 | &nbsp;&nbsp; 4239458 |
| Oklahoma (State of) Capitol Improvement Authority; Series 2025, RB<sup>(h)</sup> <br>| 5.25% | 07/01/2055 | 17500 | &nbsp;&nbsp; 18752377 |
| Oklahoma (State of) Development Finance Authority (Sommerset); Series 2015, RB | 5.00% | 07/01/2035 | 1700 | &nbsp;&nbsp; 1691165 |
| Payne (County of), OK Economic Development Authority (Epworth Living at the Ranch); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(d)</sup> <br>| 6.88% | 11/01/2046 | 2469 | &nbsp;&nbsp; 10369 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(d)</sup> <br>| 6.63% | 11/30/2049 | 1164 | &nbsp;&nbsp; 4891 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(d)</sup> <br>| 7.00% | 11/01/2051 | 2429 | &nbsp;&nbsp; 10202 |
| &nbsp;&nbsp;&nbsp; Series 2016 B-1, RB<sup>(d)</sup> <br>| 5.25% | 11/30/2049 | 1664 | &nbsp;&nbsp; 6987 |
| Tulsa (City of), OK Airports Improvement Trust; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2000 A, Ref. RB<sup>(c)</sup> <br>| 5.50% | 06/01/2035 | 18625 | &nbsp;&nbsp; 18639021 |
| &nbsp;&nbsp;&nbsp; Series 2001 B, Ref. RB<sup>(c)</sup> <br>| 5.50% | 12/01/2035 | 15000 | &nbsp;&nbsp; 15010575 |
| &nbsp;&nbsp;&nbsp; Series 2001 C, Ref. RB<sup>(c)</sup> <br>| 5.50% | 12/01/2035 | 47625 | &nbsp;&nbsp; 47658576 |
| Tulsa Municipal Airport Trust Trustees (American Airlines, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(c)</sup> <br>| 6.25% | 12/01/2035 | 4000 | &nbsp;&nbsp; 4615983 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(c)</sup> <br>| 6.25% | 12/01/2040 | 2000 | &nbsp;&nbsp; 2246790 |
|  |  |  |  | &nbsp;&nbsp; 118576800 |
| **Oregon–0.62%** | **Oregon–0.62%** | **Oregon–0.62%** | **Oregon–0.62%** | **Oregon–0.62%** |
| Oregon (State of) Facilities Authority (Legacy Health); Series 2016 A, Ref. RB | 4.00% | 06/01/2046 | 16025 | &nbsp;&nbsp; 14555900 |
| Oregon Health & Science University (Green Bonds); Series 2021 A, Ref. RB | 3.00% | 07/01/2051 | 10000 | &nbsp;&nbsp; 7101817 |
| Portland (Port of), OR (Green Bonds); Twenty Ninth Series 2023, RB<sup>(c)</sup> <br>| 5.50% | 07/01/2048 | 10000 | &nbsp;&nbsp; 10622587 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Oregon–(continued)** | **Oregon–(continued)** | **Oregon–(continued)** | **Oregon–(continued)** | **Oregon–(continued)** |
| &nbsp;&nbsp;&nbsp; Umatilla County School District No. 6R Umatilla; Series 2023 B, GO Bonds (CEP - Oregon School <br> Bond Guaranty)<sup>(f)</sup> <br>| 0.00% | 06/15/2053 | $10000 | &nbsp;&nbsp; $2521470 |
| Washington & Multnomah Counties School District No. 48J Beaverton; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds (CEP - Oregon School Bond Guaranty)<sup>(f)</sup> <br>| 0.00% | 06/15/2043 | 5000 | &nbsp;&nbsp; 2198375 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds (CEP - Oregon School Bond Guaranty)<sup>(f)</sup> <br>| 0.00% | 06/15/2045 | 2500 | &nbsp;&nbsp; 971924 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds (CEP - Oregon School Bond Guaranty)<sup>(f)</sup> <br>| 0.00% | 06/15/2047 | 2500 | &nbsp;&nbsp; 862420 |
| &nbsp;&nbsp;&nbsp; Yamhill (County of), OR Hospital Authority (Friendsview Retirement Community); Series 2016 A, <br> Ref. RB<br>| 5.00% | 11/15/2046 | 2035 | &nbsp;&nbsp; 1814802 |
| Yamhill (County of), OR Hospital Authority (Friendsview); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 5.00% | 11/15/2046 | 1425 | &nbsp;&nbsp; 1270807 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 5.00% | 11/15/2051 | 1850 | &nbsp;&nbsp; 1597544 |
|  |  |  |  | &nbsp;&nbsp; 43517646 |
| **Pennsylvania–1.74%** | **Pennsylvania–1.74%** | **Pennsylvania–1.74%** | **Pennsylvania–1.74%** | **Pennsylvania–1.74%** |
| Allegheny (County of), PA Airport Authority (Pittsburgh International Airport); Series 2021 A, RB<sup>(c)</sup> <br>| 5.00% | 01/01/2051 | 10000 | &nbsp;&nbsp; 10039987 |
| Allegheny (County of), PA Sanitary Authority; Series 2022, RB | 5.00% | 06/01/2053 | 3000 | &nbsp;&nbsp; 3122453 |
| &nbsp;&nbsp;&nbsp; Allentown (City of), PA Neighborhood Improvement Zone Development Authority (615 <br> Waterfront); Series 2021, RB<sup>(a)</sup> <br>| 6.00% | 05/01/2042 | 4610 | &nbsp;&nbsp; 4829920 |
| &nbsp;&nbsp;&nbsp; Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Waterfront-30 E. <br> Allen Street); Series 2024, RB<sup>(a)</sup> <br>| 6.00% | 05/01/2042 | 1320 | &nbsp;&nbsp; 1342302 |
| Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 12/01/2038 | 1750 | &nbsp;&nbsp; 1753049 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 12/01/2043 | 4800 | &nbsp;&nbsp; 4567239 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 5.00% | 12/01/2054 | 2000 | &nbsp;&nbsp; 1746625 |
| Lehigh (County of), PA (Lehigh Valley Health Network); Series 2019, Ref. RB | 4.00% | 07/01/2049 | 3465 | &nbsp;&nbsp; 3049568 |
| Lehigh (County of), PA General Purpose Authority (Kidspeace Obligation Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 7.50% | 02/01/2044 | 0 | &nbsp;&nbsp; 305 |
| &nbsp;&nbsp;&nbsp; Series 2014 B, RB<sup>(k)</sup> <br>| 7.50% | 02/01/2044 | 116 | &nbsp;&nbsp; 71948 |
| &nbsp;&nbsp;&nbsp; Series 2014 C, RB<sup>(d)(f)</sup> <br>| 0.00% | 02/01/2044 | 1525 | &nbsp;&nbsp; 8661 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (National Gypson <br> Co.); Series 2014, Ref. RB<sup>(c)</sup> <br>| 5.50% | 11/01/2044 | 4000 | &nbsp;&nbsp; 4001583 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major <br> Bridges);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.25% | 06/30/2053 | 11000 | &nbsp;&nbsp; 11188799 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 6.00% | 06/30/2061 | 18500 | &nbsp;&nbsp; 19637045 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB (INS - AGI)<sup>(c)(i)</sup> <br>| 5.75% | 12/31/2062 | 13000 | &nbsp;&nbsp; 13814143 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (Alliance for Progress Charter <br> School, Inc.); Series 2019 A, RB<br>| 5.00% | 06/15/2049 | 3275 | &nbsp;&nbsp; 2950752 |
| Philadelphia (City of), PA Authority for Industrial Development (MaST I Charter School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.25% | 08/01/2046 | 2560 | &nbsp;&nbsp; 2563312 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.38% | 08/01/2051 | 3950 | &nbsp;&nbsp; 3953420 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (MaST II Charter School); <br> Series 2016 B, RB<br>| 5.63% | 08/01/2036 | 30 | &nbsp;&nbsp; 30151 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University); <br> Series 2022, RB<br>| 5.50% | 11/01/2060 | 18625 | &nbsp;&nbsp; 19496270 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated <br> Group);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 07/01/2037 | 6120 | &nbsp;&nbsp; 6127719 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 07/01/2049 | 2930 | &nbsp;&nbsp; 2653190 |
| Tender Option Bond Trust Receipts/Certificates; Series 2025, VRD RB<sup>(a)(c)(o)</sup> <br>| 2.84% | 06/30/2048 | 5000 | &nbsp;&nbsp; 5000000 |
|  |  |  |  | &nbsp;&nbsp; 121948441 |
| **Puerto Rico–5.48%** | **Puerto Rico–5.48%** | **Puerto Rico–5.48%** | **Puerto Rico–5.48%** | **Puerto Rico–5.48%** |
| Children's Trust Fund; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.50% | 05/15/2039 | 16770 | &nbsp;&nbsp; 17000188 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.63% | 05/15/2043 | 5415 | &nbsp;&nbsp; 5504297 |
| &nbsp;&nbsp;&nbsp; Series 2005 A, RB<sup>(f)</sup> <br>| 0.00% | 05/15/2050 | 344980 | &nbsp;&nbsp; 71161405 |
| &nbsp;&nbsp;&nbsp; Series 2008 B, RB<sup>(f)</sup> <br>| 0.00% | 05/15/2057 | 784260 | &nbsp;&nbsp; 23705670 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Puerto Rico–(continued)** | **Puerto Rico–(continued)** | **Puerto Rico–(continued)** | **Puerto Rico–(continued)** | **Puerto Rico–(continued)** |
| Puerto Rico (Commonwealth of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2041 | $24758 | &nbsp;&nbsp; $22893787 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2046 | 19150 | &nbsp;&nbsp; 17039402 |
| &nbsp;&nbsp;&nbsp; Subseries 2022, RN<sup>(f)</sup> <br>| 0.00% | 11/01/2043 | 2115 | &nbsp;&nbsp; 1356151 |
| &nbsp;&nbsp;&nbsp; Subseries 2022, RN<sup>(f)</sup> <br>| 0.00% | 11/01/2051 | 5926 | &nbsp;&nbsp; 3874427 |
| Puerto Rico (Commonwealth of) Electric Power Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 TT, RB<sup>(d)</sup> <br>| 5.00% | 07/01/2026 | 6685 | &nbsp;&nbsp; 4462237 |
| &nbsp;&nbsp;&nbsp; Series 2007 TT, RB<sup>(d)</sup> <br>| 5.00% | 07/01/2027 | 2350 | &nbsp;&nbsp; 1568625 |
| &nbsp;&nbsp;&nbsp; Series 2007 UU, Ref. RB (3 mo. Term SOFR + 0.68%)<sup>(d)(p)</sup> <br>| 3.73% | 07/01/2026 | 4250 | &nbsp;&nbsp; 2826250 |
| &nbsp;&nbsp;&nbsp; Series 2007 UU, Ref. RB (3 mo. USD LIBOR + 0.70%)<sup>(d)(p)</sup> <br>| 3.95% | 07/01/2031 | 2050 | &nbsp;&nbsp; 1368375 |
| &nbsp;&nbsp;&nbsp; Series 2007 VV, Ref. RB (INS - NATL)<sup>(i)</sup> <br>| 5.25% | 07/01/2030 | 15785 | &nbsp;&nbsp; 15940773 |
| &nbsp;&nbsp;&nbsp; Series 2007 VV, Ref. RB (INS - NATL)<sup>(i)</sup> <br>| 5.25% | 07/01/2032 | 9305 | &nbsp;&nbsp; 9429034 |
| &nbsp;&nbsp;&nbsp; Series 2007 VV, Ref. RB (INS - NATL)<sup>(i)</sup> <br>| 5.25% | 07/01/2033 | 4380 | &nbsp;&nbsp; 4441717 |
| &nbsp;&nbsp;&nbsp; Series 2007 VV, Ref. RB (INS - NATL)<sup>(i)</sup> <br>| 5.25% | 07/01/2035 | 6080 | &nbsp;&nbsp; 6116774 |
| &nbsp;&nbsp;&nbsp; Series 2008 WW, RB<sup>(d)</sup> <br>| 5.25% | 07/01/2033 | 2200 | &nbsp;&nbsp; 1468500 |
| &nbsp;&nbsp;&nbsp; Series 2010 AAA, RB<sup>(d)</sup> <br>| 5.25% | 07/01/2026 | 840 | &nbsp;&nbsp; 558600 |
| &nbsp;&nbsp;&nbsp; Series 2010 AAA, RB<sup>(d)</sup> <br>| 5.25% | 07/01/2031 | 1350 | &nbsp;&nbsp; 901125 |
| &nbsp;&nbsp;&nbsp; Series 2010 CCC, RB<sup>(d)</sup> <br>| 5.00% | 07/01/2026 | 325 | &nbsp;&nbsp; 216125 |
| &nbsp;&nbsp;&nbsp; Series 2010 CCC, RB<sup>(d)</sup> <br>| 5.00% | 07/01/2028 | 960 | &nbsp;&nbsp; 640800 |
| &nbsp;&nbsp;&nbsp; Series 2010 CCC, RB<sup>(d)</sup> <br>| 5.25% | 07/01/2028 | 7600 | &nbsp;&nbsp; 5073000 |
| &nbsp;&nbsp;&nbsp; Series 2010 EEE, RB<sup>(d)</sup> <br>| 6.05% | 07/01/2032 | 895 | &nbsp;&nbsp; 597413 |
| &nbsp;&nbsp;&nbsp; Series 2010 XX, RB<sup>(d)</sup> <br>| 4.63% | 07/01/2026 | 620 | &nbsp;&nbsp; 412300 |
| &nbsp;&nbsp;&nbsp; Series 2010 XX, RB<sup>(d)</sup> <br>| 5.25% | 07/01/2026 | 385 | &nbsp;&nbsp; 256988 |
| &nbsp;&nbsp;&nbsp; Series 2010 XX, RB<sup>(d)</sup> <br>| 5.25% | 07/01/2035 | 6799 | &nbsp;&nbsp; 4538332 |
| &nbsp;&nbsp;&nbsp; Series 2010 YY, RB<sup>(d)</sup> <br>| 6.13% | 07/01/2040 | 1200 | &nbsp;&nbsp; 801000 |
| &nbsp;&nbsp;&nbsp; Series 2010 ZZ, Ref. RB<sup>(d)</sup> <br>| 4.63% | 07/01/2026 | 640 | &nbsp;&nbsp; 425600 |
| &nbsp;&nbsp;&nbsp; Series 2010 ZZ, Ref. RB<sup>(d)</sup> <br>| 5.00% | 07/01/2026 | 340 | &nbsp;&nbsp; 226100 |
| &nbsp;&nbsp;&nbsp; Series 2010 ZZ, Ref. RB<sup>(d)</sup> <br>| 5.00% | 07/01/2026 | 435 | &nbsp;&nbsp; 290363 |
| &nbsp;&nbsp;&nbsp; Series 2010 ZZ, Ref. RB<sup>(d)</sup> <br>| 5.25% | 07/01/2026 | 875 | &nbsp;&nbsp; 584063 |
| &nbsp;&nbsp;&nbsp; Series 2010 ZZ, Ref. RB<sup>(d)</sup> <br>| 5.25% | 07/01/2026 | 65 | &nbsp;&nbsp; 43225 |
| &nbsp;&nbsp;&nbsp; Series 2010 ZZ, Ref. RB<sup>(d)</sup> <br>| 5.00% | 07/01/2028 | 310 | &nbsp;&nbsp; 206925 |
| &nbsp;&nbsp;&nbsp; Series 2012 A, RB<sup>(d)</sup> <br>| 4.80% | 07/01/2029 | 2260 | &nbsp;&nbsp; 1508550 |
| &nbsp;&nbsp;&nbsp; Series 2012 A, RB<sup>(d)</sup> <br>| 5.00% | 07/01/2029 | 3535 | &nbsp;&nbsp; 2359612 |
| &nbsp;&nbsp;&nbsp; Series 2013 A, RB<sup>(d)</sup> <br>| 7.25% | 07/01/2030 | 2120 | &nbsp;&nbsp; 1415100 |
| &nbsp;&nbsp;&nbsp; Series 2013 A, RB<sup>(d)</sup> <br>| 7.00% | 07/01/2033 | 4030 | &nbsp;&nbsp; 2690025 |
| &nbsp;&nbsp;&nbsp; Series 2013 A, RB<sup>(d)</sup> <br>| 7.00% | 07/01/2040 | 2675 | &nbsp;&nbsp; 1785563 |
| &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 04/30/2019-04/01/2025; Cost $1,983,941)<sup>(e)</sup> <br>| 6.63% | 01/01/2027 | 1827 | &nbsp;&nbsp; 1817684 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB (Acquired 04/30/2019-01/08/2020; Cost $15,237,442)<sup>(e)</sup> <br>| 6.63% | 01/01/2028 | 13222 | &nbsp;&nbsp; 13128302 |
| Puerto Rico Sales Tax Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(f)</sup> <br>| 0.00% | 07/01/2033 | 11463 | &nbsp;&nbsp; 8704329 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(f)</sup> <br>| 0.00% | 07/01/2046 | 30515 | &nbsp;&nbsp; 10405433 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(f)</sup> <br>| 0.00% | 07/01/2051 | 149221 | &nbsp;&nbsp; 37188365 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 4.75% | 07/01/2053 | 32479 | &nbsp;&nbsp; 30919957 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.33% | 07/01/2040 | 31401 | &nbsp;&nbsp; 30627948 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.33% | 07/01/2040 | 11200 | &nbsp;&nbsp; 10924271 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.54% | 07/01/2053 | 314 | &nbsp;&nbsp; 286408 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.78% | 07/01/2058 | 4223 | &nbsp;&nbsp; 3986806 |
|  |  |  |  | &nbsp;&nbsp; 383677924 |
| **Rhode Island–0.02%** | **Rhode Island–0.02%** | **Rhode Island–0.02%** | **Rhode Island–0.02%** | **Rhode Island–0.02%** |
| Rhode Island Health & Educational Building Corp.; Series 2025 A, RB (INS - AGI)<sup>(i)</sup> <br>| 5.00% | 07/01/2045 | 1500 | &nbsp;&nbsp; 1537396 |
| Tobacco Settlement Financing Corp.; Series 2015 B, Ref. RB | 5.00% | 06/01/2050 | 30 | &nbsp;&nbsp; 29958 |
|  |  |  |  | &nbsp;&nbsp; 1567354 |
| **South Carolina–0.51%** | **South Carolina–0.51%** | **South Carolina–0.51%** | **South Carolina–0.51%** | **South Carolina–0.51%** |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & <br> South of Broad Healthcare); Series 2024, RB<br>| 5.75% | 11/15/2054 | 9350 | &nbsp;&nbsp; 9701225 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **South Carolina–(continued)** | **South Carolina–(continued)** | **South Carolina–(continued)** | **South Carolina–(continued)** | **South Carolina–(continued)** |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Bishop Gadsden Episcopal); <br> Series 2025, RB<br>| 5.38% | 04/01/2056 | $1000 | &nbsp;&nbsp; $1001150 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Greer Preparatory Academy <br> Project); Series 2024, RB<sup>(a)</sup> <br>| 6.50% | 06/15/2054 | 3420 | &nbsp;&nbsp; 3433325 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (High Point Academy Project); <br> Series 2018 A, RB<sup>(a)</sup> <br>| 5.75% | 06/15/2049 | 2000 | &nbsp;&nbsp; 1764813 |
| South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 05/01/2043 | 1000 | &nbsp;&nbsp; 879679 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.13% | 05/01/2048 | 2000 | &nbsp;&nbsp; 1703664 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 05/01/2042 | 250 | &nbsp;&nbsp; 224998 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Oceanside Collegiate Academy); <br> Series 2024, Ref. RB<sup>(a)</sup> <br>| 5.00% | 06/15/2054 | 2375 | &nbsp;&nbsp; 2149806 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Rolling Green Village); <br> Series 2025, RB<br>| 5.75% | 12/01/2060 | 1000 | &nbsp;&nbsp; 995634 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (South Carolina Episcopal Home at <br> Still Hopes); Series 2018 A, Ref. RB<br>| 5.00% | 04/01/2048 | 1085 | &nbsp;&nbsp; 1023171 |
| South Carolina (State of) Jobs-Economic Development Authority (Wesley Commons); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 5.63% | 10/01/2050 | 700 | &nbsp;&nbsp; 701442 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 5.63% | 10/01/2060 | 500 | &nbsp;&nbsp; 492875 |
| South Carolina (State of) Public Service Authority; Series 2025 A, RB (INS - AGI)<sup>(i)</sup> <br>| 5.00% | 12/01/2055 | 3000 | &nbsp;&nbsp; 3094034 |
| South Carolina (State of) Public Service Authority (Santee Cooper); Series 2024 B, Ref. RB | 5.25% | 12/01/2054 | 7070 | &nbsp;&nbsp; 7437955 |
| South Carolina Jobs-Economic Development Authority (Rolling Green Village); Series 2025, RB | 5.80% | 12/01/2050 | 1150 | &nbsp;&nbsp; 1164519 |
|  |  |  |  | &nbsp;&nbsp; 35768290 |
| **Tennessee–1.22%** | **Tennessee–1.22%** | **Tennessee–1.22%** | **Tennessee–1.22%** | **Tennessee–1.22%** |
| Bristol (City of), TN Industrial Development Board (Pinnacle); Series 2016, RB | 5.63% | 06/01/2035 | 13000 | &nbsp;&nbsp; 11596338 |
| Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A-1, RB (INS - BAM)<sup>(i)</sup> <br>| 5.00% | 07/01/2064 | 4000 | &nbsp;&nbsp; 4078409 |
| &nbsp;&nbsp;&nbsp; Series 2024 B-1, RB (INS - BAM)<sup>(i)</sup> <br>| 5.00% | 07/01/2049 | 1500 | &nbsp;&nbsp; 1542277 |
| &nbsp;&nbsp;&nbsp; Series 2024 B-1, RB (INS - BAM)<sup>(i)</sup> <br>| 5.13% | 07/01/2054 | 2500 | &nbsp;&nbsp; 2576809 |
| &nbsp;&nbsp;&nbsp; Series 2024 B-1, RB (INS - BAM)<sup>(i)</sup> <br>| 5.25% | 07/01/2064 | 6110 | &nbsp;&nbsp; 6294846 |
| &nbsp;&nbsp;&nbsp; Memphis (City of) & Shelby (County of), TN Economic Development Growth Engine Industrial <br> Development Board (Graceland);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.50% | 07/01/2037 | 250 | &nbsp;&nbsp; 188772 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.63% | 01/01/2046 | 750 | &nbsp;&nbsp; 513586 |
| &nbsp;&nbsp;&nbsp; Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational <br> Facilities Board (The) (Trousdale Foundation Properties);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB (Acquired 08/29/2018; Cost $11,574,346)<sup>(a)(d)(e)</sup> <br>| 6.00% | 04/01/2038 | 11808 | &nbsp;&nbsp; 147596 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB (Acquired 08/29/2018-09/14/2020; Cost $10,148,228)<sup>(a)(d)(e)</sup> <br>| 6.25% | 04/01/2049 | 15399 | &nbsp;&nbsp; 192495 |
| Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013 A, Ref. RB<sup>(a)</sup> <br>| 5.50% | 09/01/2047 | 15000 | &nbsp;&nbsp; 12937155 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(a)</sup> <br>| 5.00% | 09/01/2031 | 750 | &nbsp;&nbsp; 710071 |
| Tennessee (State of) School Bond Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB (CEP - Colorado Higher Education Intercept Program)<sup>(h)</sup> <br>| 5.00% | 11/01/2052 | 30000 | &nbsp;&nbsp; 31374459 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB (CEP - Colorado Higher Education Intercept Program)<sup>(h)</sup> <br>| 5.00% | 11/01/2047 | 12835 | &nbsp;&nbsp; 13531120 |
|  |  |  |  | &nbsp;&nbsp; 85683933 |
| **Texas–8.67%** | **Texas–8.67%** | **Texas–8.67%** | **Texas–8.67%** | **Texas–8.67%** |
| Anna (City of), TX; Series 2025, RB | 5.20% | 09/15/2045 | 1000 | &nbsp;&nbsp; 1001032 |
| Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(a)</sup> <br>| 4.88% | 06/15/2054 | 1100 | &nbsp;&nbsp; 995036 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(a)</sup> <br>| 4.88% | 06/15/2059 | 1000 | &nbsp;&nbsp; 896465 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(a)</sup> <br>| 5.00% | 06/15/2064 | 1200 | &nbsp;&nbsp; 1079901 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(a)</sup> <br>| 5.75% | 06/15/2055 | 2000 | &nbsp;&nbsp; 2021288 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(a)</sup> <br>| 5.88% | 06/15/2065 | 2250 | &nbsp;&nbsp; 2279398 |
| Arlington Higher Education Finance Corp. (Cypress Christian School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(a)</sup> <br>| 5.75% | 06/01/2043 | 1500 | &nbsp;&nbsp; 1522905 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(a)</sup> <br>| 6.00% | 06/01/2053 | 1250 | &nbsp;&nbsp; 1254977 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** |
| Arlington Higher Education Finance Corp. (Great Hearts America - Texas); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 4.75% | 08/15/2044 | $1000 | &nbsp;&nbsp; $961939 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 08/15/2049 | 1180 | &nbsp;&nbsp; 1153364 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 08/15/2054 | 1330 | &nbsp;&nbsp; 1281034 |
| Arlington Higher Education Finance Corp. (Legacy Traditional Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.38% | 02/15/2051 | 8025 | &nbsp;&nbsp; 5842649 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.50% | 02/15/2056 | 3000 | &nbsp;&nbsp; 2161481 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(a)</sup> <br>| 6.50% | 02/15/2057 | 6000 | &nbsp;&nbsp; 5820757 |
| Arlington Higher Education Finance Corp. (Newman International Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 5.00% | 08/15/2041 | 775 | &nbsp;&nbsp; 628584 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 5.00% | 08/15/2051 | 5370 | &nbsp;&nbsp; 3809972 |
| Arlington Higher Education Finance Corp. (Odyssey Academy, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB<sup>(a)</sup> <br>| 6.00% | 02/15/2043 | 3825 | &nbsp;&nbsp; 3511698 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB<sup>(a)</sup> <br>| 6.13% | 02/15/2053 | 5000 | &nbsp;&nbsp; 4377101 |
| Aubrey (City of), TX (Duck Point Public Improvement Disctrict); Series 2025, RB<sup>(a)</sup> <br>| 5.38% | 12/31/2045 | 1100 | &nbsp;&nbsp; 1095302 |
| Austin (City of), TX; Series 2025, Ref. RB | 5.00% | 11/15/2044 | 8000 | &nbsp;&nbsp; 8545030 |
| Birdville Independent School District; Series 2023, GO Bonds (INS - BAM)<sup>(i)</sup> <br>| 4.00% | 02/15/2048 | 11440 | &nbsp;&nbsp; 10790319 |
| Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB (Acquired 04/12/2023; Cost $154,557)<sup>(a)(c)(d)(e)</sup> <br>| 9.00% | 03/01/2039 | 152 | &nbsp;&nbsp; 22040 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB (Acquired 11/13/2019; Cost $716,000)<sup>(c)(d)(e)</sup> <br>| 7.00% | 03/01/2039 | 716 | &nbsp;&nbsp; 103820 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB (Acquired 03/16/2020-08/04/2023; Cost $243,819)<sup>(a)(c)(d)(e)</sup> <br>| 9.00% | 03/01/2039 | 235 | &nbsp;&nbsp; 34075 |
| &nbsp;&nbsp;&nbsp; Calhoun (County of), TX Navigation Industrial Development Authority (Max Midstream Texas LLC); <br> Series 2021, RN<sup>(a)(c)</sup> <br>| 3.63% | 07/01/2026 | 15120 | &nbsp;&nbsp; 14770176 |
| &nbsp;&nbsp;&nbsp; Celina (City of), TX (The Laskes at Mustang Ranch Public Improvement Phases #8-9); Series 2025, <br> RB<sup>(a)</sup> <br>| 5.50% | 09/01/2045 | 300 | &nbsp;&nbsp; 301483 |
| El Paso (City of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB (INS - BAM)<sup>(i)</sup> <br>| 4.00% | 03/01/2048 | 9950 | &nbsp;&nbsp; 9409437 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.00% | 03/01/2049 | 9000 | &nbsp;&nbsp; 9928334 |
| Grand Parkway Transportation Corp.; Series 2013 B, RB | 5.85% | 10/01/2048 | 17000 | &nbsp;&nbsp; 17961255 |
| Harris (County of), TX; Series 2021, GO Bonds | 4.00% | 10/01/2036 | 10 | &nbsp;&nbsp; 10332 |
| &nbsp;&nbsp;&nbsp; Harris County Cultural Education Facilities Finance Corp. (Brazos Presbyterian Homes, Inc.); <br> Series 2016, Ref. RB<br>| 5.00% | 01/01/2048 | 4280 | &nbsp;&nbsp; 4104740 |
| Harris County Hospital District; Series 2025, GO Bonds<sup>(h)</sup> <br>| 5.50% | 02/15/2050 | 12500 | &nbsp;&nbsp; 13650219 |
| Houston (City of), TX (United Airlines, Inc.); Series 2021 B-1, RB<sup>(c)</sup> <br>| 4.00% | 07/15/2041 | 13745 | &nbsp;&nbsp; 12511955 |
| Houston (City of), TX Airport System (Continental Airlines, Inc.); Series 2011 A, Ref. RB<sup>(b)(c)(l)</sup> <br>| 6.63% | 12/08/2025 | 14000 | &nbsp;&nbsp; 14009580 |
| Houston (City of), TX Airport System (United Airlines, Inc. Terminal E); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB<sup>(c)</sup> <br>| 5.00% | 07/01/2029 | 11985 | &nbsp;&nbsp; 11998348 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(c)</sup> <br>| 4.00% | 07/01/2041 | 2500 | &nbsp;&nbsp; 2276132 |
| Lamar Consolidated Independent School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, GO Bonds | 4.00% | 02/15/2048 | 25000 | &nbsp;&nbsp; 23512642 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds (INS - AGI)<sup>(h)(i)</sup> <br>| 5.50% | 02/15/2058 | 30000 | &nbsp;&nbsp; 32209815 |
| Lower Colorado River Authority; Series 2025, RB<sup>(a)</sup> <br>| 5.25% | 05/15/2053 | 10000 | &nbsp;&nbsp; 10535824 |
| &nbsp;&nbsp;&nbsp; Lower Colorado River Authority (LCRA Transmission Services Corp.); Series 2023, Ref. RB (INS - <br> AGI)<sup>(h)(i)</sup> <br>| 5.25% | 05/15/2053 | 10000 | &nbsp;&nbsp; 10535824 |
| Lowry Crossing (City of), TX (Simpson Road Public Improvement); Series 2025, RB<sup>(a)</sup> <br>| 5.75% | 09/15/2045 | 740 | &nbsp;&nbsp; 760847 |
| Magnolia Independent School District; Series 2023, GO Bonds<sup>(b)(l)</sup> <br>| 4.00% | 08/15/2032 | 640 | &nbsp;&nbsp; 695667 |
| Mesquite (City of), TX; Series 2025, RB | 5.50% | 09/01/2045 | 1050 | &nbsp;&nbsp; 1053826 |
| New Hope Cultural Education Facilities Finance Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 6.25% | 10/01/2045 | 3000 | &nbsp;&nbsp; 3121533 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 6.50% | 10/01/2055 | 7790 | &nbsp;&nbsp; 8076747 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 6.50% | 10/01/2060 | 6990 | &nbsp;&nbsp; 7220249 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (4-K Housing, Inc.-Stoney Brook); <br> Series 2017 C, RB<sup>(d)</sup> <br>| 5.00% | 07/01/2037 | 1610 | &nbsp;&nbsp; 483000 |
| New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, RB (Acquired 11/24/2021; Cost $285,000)<sup>(d)(e)</sup> <br>| 7.50% | 11/15/2037 | 285 | &nbsp;&nbsp; 285000 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-2, RB (Acquired 11/24/2021; Cost $2,390,000)<sup>(d)(e)</sup> <br>| 7.50% | 11/15/2036 | 2390 | &nbsp;&nbsp; 2390000 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB (Acquired 07/27/2007-11/19/2025; Cost $7,844,246)<sup>(d)(e)</sup> <br>| 2.00% | 11/15/2061 | 7844 | &nbsp;&nbsp; 3373183 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community); Series 2016, <br> Ref. RB<br>| 5.00% | 07/01/2046 | 20530 | &nbsp;&nbsp; 19412932 |
| New Hope Cultural Education Facilities Finance Corp. (Longhorn Village); Series 2017, Ref. RB | 5.00% | 01/01/2047 | 7790 | &nbsp;&nbsp; 7599104 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** |
| New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.38% | 11/15/2036 | $1365 | &nbsp;&nbsp; $1314603 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.50% | 11/15/2046 | 4475 | &nbsp;&nbsp; 3912646 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.50% | 11/15/2052 | 850 | &nbsp;&nbsp; 715277 |
| New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The)); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB | 6.88% | 10/01/2057 | 500 | &nbsp;&nbsp; 506058 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.50% | 10/01/2027 | 290 | &nbsp;&nbsp; 290306 |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 10/01/2039 | 3000 | &nbsp;&nbsp; 2971268 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.25% | 10/01/2049 | 12840 | &nbsp;&nbsp; 12104122 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 5.25% | 10/01/2055 | 2105 | &nbsp;&nbsp; 1942137 |
| &nbsp;&nbsp;&nbsp; Newark High Education Finance Corp. (Hughen Center, Inc.); Series 2022 A, RB (CEP - Texas <br> Permanent School Fund)<br>| 5.00% | 08/15/2052 | 500 | &nbsp;&nbsp; 513822 |
| North Texas Tollway Authority; Series 2011 B, RB<sup>(b)(f)(l)</sup> <br>| 0.00% | 09/01/2031 | 15500 | &nbsp;&nbsp; 8336914 |
| Port Beaumont Navigation District (Jefferson Gulf Coast Energy); Series 2024, RB<sup>(a)(c)</sup> <br>| 5.25% | 01/01/2054 | 2000 | &nbsp;&nbsp; 1920575 |
| Princeton (City of), TX (Eastridge Public Improvement District); Series 2025, RB<sup>(a)</sup> <br>| 5.63% | 09/01/2055 | 700 | &nbsp;&nbsp; 711717 |
| Princeton (City of), TX (Westridge Public Improvement District); Series 2025, RB<sup>(a)</sup> <br>| 5.63% | 09/01/2055 | 685 | &nbsp;&nbsp; 689988 |
| San Antonio (City of), TX; Series 2023 A, Ref. RB<sup>(h)</sup> <br>| 5.50% | 02/01/2050 | 10000 | &nbsp;&nbsp; 10763078 |
| San Antonio Education Facilities Corp. (University of the Incarnate Word); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 10/01/2050 | 1200 | &nbsp;&nbsp; 1137960 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.50% | 10/01/2055 | 1815 | &nbsp;&nbsp; 1829451 |
| Seagoville (City of), TX; Series 2025, RB<sup>(a)</sup> <br>| 5.75% | 09/15/2045 | 625 | &nbsp;&nbsp; 641004 |
| Tarrant (County of), TX Hospital District; Series 2023, GO Bonds | 4.25% | 08/15/2053 | 5000 | &nbsp;&nbsp; 4776509 |
| Tarrant County Cultural Education Facilities Finance Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 6.00% | 02/15/2037 | 100 | &nbsp;&nbsp; 79000 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 6.13% | 02/15/2048 | 110 | &nbsp;&nbsp; 86900 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. (Air Force Village Obligated Group); <br> Series 2016, Ref. RB<br>| 5.00% | 05/15/2037 | 3000 | &nbsp;&nbsp; 3005920 |
| Tarrant County Cultural Education Facilities Finance Corp. (Baylor Scott & White Health); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(h)</sup> <br>| 5.00% | 11/15/2051 | 15000 | &nbsp;&nbsp; 15462770 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. VRD RB<sup>(o)</sup> <br>| 0.90% | 11/15/2050 | 5000 | &nbsp;&nbsp; 5000000 |
| Tarrant County Cultural Education Facilities Finance Corp. (Buckner Senior Living - Ventana); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 6.00% | 11/15/2027 | 1950 | &nbsp;&nbsp; 1984751 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 6.75% | 11/15/2047 | 13125 | &nbsp;&nbsp; 13230102 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 6.75% | 11/15/2052 | 965 | &nbsp;&nbsp; 971855 |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007, RB<sup>(d)</sup> <br>| 5.75% | 02/15/2029 | 1600 | &nbsp;&nbsp; 1264000 |
| &nbsp;&nbsp;&nbsp; Series 2009 A, RB<sup>(d)</sup> <br>| 8.00% | 02/15/2038 | 15135 | &nbsp;&nbsp; 11956650 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(d)</sup> <br>| 6.38% | 02/15/2048 | 27110 | &nbsp;&nbsp; 21416900 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(d)</sup> <br>| 6.38% | 02/15/2052 | 25055 | &nbsp;&nbsp; 19793450 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(d)</sup> <br>| 6.38% | 02/15/2041 | 8755 | &nbsp;&nbsp; 6916450 |
| Tarrant County Cultural Education Facilities Finance Corp. (Christus Health); Series 2022 A, RB | 4.00% | 07/01/2053 | 4345 | &nbsp;&nbsp; 3855940 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. (Cook Children's Medical Center); <br> Series 2025, Ref. RB<br>| 4.13% | 12/01/2054 | 5800 | &nbsp;&nbsp; 5450412 |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 6.63% | 11/15/2041 | 3545 | &nbsp;&nbsp; 3408092 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 6.75% | 11/15/2051 | 13625 | &nbsp;&nbsp; 12379359 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 6.88% | 11/15/2055 | 4000 | &nbsp;&nbsp; 3650851 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. (Stayton at Museum Way (The)); <br> Series 2024 A, RB<br>| 5.75% | 12/01/2054 | 13447 | &nbsp;&nbsp; 11610080 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. (Trinity Terrace Project); Series 2024, <br> Ref. RB<br>| 5.00% | 10/01/2049 | 1000 | &nbsp;&nbsp; 990084 |
| Texas (State of) Transportation Commission; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(f)</sup> <br>| 0.00% | 08/01/2046 | 1760 | &nbsp;&nbsp; 636943 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(f)</sup> <br>| 0.00% | 08/01/2047 | 2625 | &nbsp;&nbsp; 899513 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(f)</sup> <br>| 0.00% | 08/01/2048 | 2775 | &nbsp;&nbsp; 901886 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(f)</sup> <br>| 0.00% | 08/01/2049 | 2605 | &nbsp;&nbsp; 804710 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(f)</sup> <br>| 0.00% | 08/01/2050 | 3740 | &nbsp;&nbsp; 1095803 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(f)</sup> <br>| 0.00% | 08/01/2051 | 6000 | &nbsp;&nbsp; 1664261 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(f)</sup> <br>| 0.00% | 08/01/2053 | 1000 | &nbsp;&nbsp; 248517 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** |
| Texas (State of) Water Development Board; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(h)</sup> <br>| 4.80% | 10/15/2052 | $33000 | &nbsp;&nbsp; $33696858 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(h)</sup> <br>| 5.00% | 10/15/2057 | 3500 | &nbsp;&nbsp; 3604531 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB | 4.88% | 10/15/2048 | 10000 | &nbsp;&nbsp; 10339275 |
| &nbsp;&nbsp;&nbsp; Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North <br> Tarrant Express Managed Lanes); Series 2023, RB<sup>(c)</sup> <br>| 5.50% | 12/31/2058 | 10000 | &nbsp;&nbsp; 10430385 |
| Texas Transportation Finance Corp; Series 2025, RB<sup>(h)</sup> <br>| 5.50% | 10/01/2055 | 16250 | &nbsp;&nbsp; 17800365 |
| Travis County Cultural Education Facilities Finance Corp. (Wayside Schools); Series 2012 A, RB | 5.25% | 08/15/2042 | 55 | &nbsp;&nbsp; 54700 |
| &nbsp;&nbsp;&nbsp; Tuloso-Midway Independent School District; Series 2025, GO Bonds (CEP - Texas Permanent <br> School Fund)<sup>(h)</sup> <br>| 5.25% | 08/15/2050 | 12600 | &nbsp;&nbsp; 13498926 |
| Waco (City of), TX; Series 2023 A, Ctfs. Of Obligations | 4.00% | 02/01/2053 | 8660 | &nbsp;&nbsp; 8251012 |
| Walnut Creek Special Utility District; Series 2023, RB (INS - AGI)<sup>(i)</sup> <br>| 4.75% | 01/10/2054 | 2800 | &nbsp;&nbsp; 2791737 |
|  |  |  |  | &nbsp;&nbsp; 607698774 |
| **Utah–2.10%** | **Utah–2.10%** | **Utah–2.10%** | **Utah–2.10%** | **Utah–2.10%** |
| Auto Mall & Retail Public Infrastructure District; Series 2023 B, GO Bonds<sup>(a)</sup> <br>| 9.75% | 03/15/2053 | 2065 | &nbsp;&nbsp; 2095156 |
| Black Desert Public Infrastructure District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(a)</sup> <br>| 4.00% | 03/01/2051 | 3900 | &nbsp;&nbsp; 3220024 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, GO Bonds<sup>(a)</sup> <br>| 7.38% | 09/15/2051 | 5500 | &nbsp;&nbsp; 5084858 |
| Black Rock Mountain Resort Public Infrastructure District; Series 2025, RB<sup>(a)</sup> <br>| 5.88% | 12/01/2054 | 4250 | &nbsp;&nbsp; 4402494 |
| Boulder Ridge Public Infrastructure District No. 1; Series 2025, GO Bonds<sup>(a)</sup> <br>| 7.50% | 03/01/2055 | 1800 | &nbsp;&nbsp; 1786118 |
| Downtown East Streetcar Sewer Public Infrastructure District; Series 2022 B, GO Bonds<sup>(a)</sup> <br>| 9.00% | 03/15/2053 | 1239 | &nbsp;&nbsp; 1239399 |
| Downtown Revitalization Public Infrastructure District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - AGI)<sup>(i)</sup> <br>| 5.50% | 06/01/2050 | 4500 | &nbsp;&nbsp; 4883635 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - AGI)<sup>(i)</sup> <br>| 5.50% | 06/01/2055 | 10000 | &nbsp;&nbsp; 10786791 |
| &nbsp;&nbsp;&nbsp; Fiddlers Canyon Infrastructure Financing District (Fiddlers Canyon Assessment Area); <br> Series 2024, RB<sup>(a)</sup> <br>| 5.63% | 12/01/2053 | 2800 | &nbsp;&nbsp; 2691800 |
| Firefly Public Infrastructure District No. 1; Series 2024 A-1, GO Bonds<sup>(a)</sup> <br>| 6.63% | 03/01/2054 | 2375 | &nbsp;&nbsp; 2447837 |
| Firefly Public Infrastructure District No. 1 (Firefly Assessment Area No.1); Series 2024, RB<sup>(a)</sup> <br>| 5.63% | 12/01/2043 | 4746 | &nbsp;&nbsp; 4812473 |
| Jepson Canyon Public Infrastructure District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, GO Bonds<sup>(a)</sup> <br>| 5.13% | 03/01/2051 | 3280 | &nbsp;&nbsp; 2629646 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, GO Bonds<sup>(a)</sup> <br>| 8.00% | 03/15/2051 | 579 | &nbsp;&nbsp; 533002 |
| Jordanelle Ridge Public Infrastructure District No. 2; Series 2025 B, GO Bonds<sup>(a)</sup> <br>| 7.88% | 03/15/2055 | 2400 | &nbsp;&nbsp; 2452282 |
| Mida Cormont Public Infrastructure District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A-1, GO Bonds<sup>(a)</sup> <br>| 6.25% | 06/01/2055 | 1000 | &nbsp;&nbsp; 1053754 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds<sup>(a)</sup> <br>| 8.50% | 06/15/2055 | 1500 | &nbsp;&nbsp; 1543693 |
| Mida Mountain Village Public Infrastructure District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(a)</sup> <br>| 4.50% | 08/01/2040 | 1205 | &nbsp;&nbsp; 1208580 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(a)</sup> <br>| 5.00% | 08/01/2050 | 6500 | &nbsp;&nbsp; 6427539 |
| &nbsp;&nbsp;&nbsp; Series 2024-2, RB<sup>(a)</sup> <br>| 5.75% | 06/15/2044 | 1000 | &nbsp;&nbsp; 1023910 |
| NS Public Infrastructure No. 2; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A-1, GO Bonds<sup>(a)</sup> <br>| 6.50% | 03/01/2055 | 2000 | &nbsp;&nbsp; 1988462 |
| &nbsp;&nbsp;&nbsp; Series 2024 A-2, GO Bonds<sup>(k)</sup> <br>| 7.00% | 03/01/2055 | 1060 | &nbsp;&nbsp; 676889 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds<sup>(a)</sup> <br>| 9.00% | 03/15/2055 | 1000 | &nbsp;&nbsp; 1024441 |
| Olympia Public Infrastructure District No. 1; Series 2024 A-1, GO Bonds<sup>(a)</sup> <br>| 6.38% | 03/01/2055 | 1485 | &nbsp;&nbsp; 1532575 |
| Oquirrh Point Public Infrastructure District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A-1, GO Bonds<sup>(a)</sup> <br>| 6.50% | 03/01/2055 | 3380 | &nbsp;&nbsp; 3369200 |
| &nbsp;&nbsp;&nbsp; Series 2024 A-2, GO Bonds<sup>(a)(k)</sup> <br>| 7.00% | 03/01/2055 | 1615 | &nbsp;&nbsp; 969534 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds<sup>(a)</sup> <br>| 9.00% | 03/15/2055 | 881 | &nbsp;&nbsp; 888037 |
| Panorama Public Infrastructure District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds<sup>(a)</sup> <br>| 6.25% | 03/01/2055 | 2000 | &nbsp;&nbsp; 2013370 |
| &nbsp;&nbsp;&nbsp; Series 2025 B, GO Bonds<sup>(a)</sup> <br>| 8.63% | 03/15/2055 | 621 | &nbsp;&nbsp; 614218 |
| Point Phase 1 Public Infrastructure District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A-1, RB | 6.13% | 03/01/2055 | 5950 | &nbsp;&nbsp; 6211169 |
| &nbsp;&nbsp;&nbsp; Series 2025 A-2, RB | 6.63% | 03/01/2055 | 1000 | &nbsp;&nbsp; 805366 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 8.50% | 03/15/2055 | 6600 | &nbsp;&nbsp; 6694292 |
| Red Bridge Public Infrastructure District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(a)</sup> <br>| 4.38% | 02/01/2051 | 1100 | &nbsp;&nbsp; 872579 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, GO Bonds<sup>(a)</sup> <br>| 7.38% | 08/15/2051 | 600 | &nbsp;&nbsp; 512321 |
| Salt Lake City (City of), UT; Series 2017 A, RB<sup>(c)(h)(j)</sup> <br>| 5.00% | 07/01/2047 | 15000 | &nbsp;&nbsp; 15054900 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Utah–(continued)** | **Utah–(continued)** | **Utah–(continued)** | **Utah–(continued)** | **Utah–(continued)** |
| Salt Lake City (City of), UT (Salt Lake City International Airport); Series 2021 A, RB<sup>(c)(h)(j)</sup> <br>| 5.00% | 07/01/2051 | $11675 | &nbsp;&nbsp; $11799543 |
| Soleil Hills Public Infrastructure District No. 1; Series 2025, GO Bonds<sup>(a)</sup> <br>| 8.00% | 03/15/2055 | 835 | &nbsp;&nbsp; 842966 |
| Utah (State of) Charter School Finance Authority (Ascent Academies of Utah); Series 2022, RB<sup>(a)</sup> <br>| 5.00% | 06/15/2052 | 9640 | &nbsp;&nbsp; 8159851 |
| &nbsp;&nbsp;&nbsp; Utah (State of) Charter School Finance Authority (Leadership Learning Academy); Series 2019 A, <br> RB<sup>(a)</sup> <br>| 5.00% | 06/15/2050 | 3000 | &nbsp;&nbsp; 2664896 |
| Utah (State of) Charter School Finance Authority (Scholar Academy); Series 2018 A, RB<sup>(a)(b)</sup> <br>| 6.00% | 10/15/2028 | 4195 | &nbsp;&nbsp; 4023754 |
| Utah (State of) Charter School Finance Authority (Utah County Academy of Sciences); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(a)(b)</sup> <br>| 5.75% | 07/15/2028 | 3720 | &nbsp;&nbsp; 3720236 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(a)</sup> <br>| 4.65% | 07/15/2033 | 500 | &nbsp;&nbsp; 500010 |
| Wildwood (Cityof), Reserve Infrastructure Financing District; Series 2025, RB<sup>(a)</sup> <br>| 6.25% | 12/01/2054 | 5612 | &nbsp;&nbsp; 5761415 |
| Wohali Public Infrastructure District No. 1 (Wohali Assessment Area #1); Series 2023, RB<sup>(a)</sup> <br>| 7.00% | 12/01/2042 | 5630 | &nbsp;&nbsp; 4627556 |
| Wood Ranch Public Infrastructure District; Series 2024, RB<sup>(a)</sup> <br>| 5.63% | 12/01/2053 | 1300 | &nbsp;&nbsp; 1316319 |
|  |  |  |  | &nbsp;&nbsp; 146966890 |
| **Virgin Islands–0.11%** | **Virgin Islands–0.11%** | **Virgin Islands–0.11%** | **Virgin Islands–0.11%** | **Virgin Islands–0.11%** |
| &nbsp;&nbsp;&nbsp; Virgin Islands (Government of) Public Finance Authority (Frenchman's Reef Hotel Development); <br> Series 2024 A, RB<sup>(a)</sup> <br>| 6.00% | 04/01/2053 | 7550 | &nbsp;&nbsp; 7767201 |
| **Virginia–1.04%** | **Virginia–1.04%** | **Virginia–1.04%** | **Virginia–1.04%** | **Virginia–1.04%** |
| Ballston Quarter Community Development Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A-1, RB | 5.50% | 03/01/2046 | 4430 | &nbsp;&nbsp; 4438819 |
| &nbsp;&nbsp;&nbsp; Series 2016 A-2, RB<sup>(k)</sup> <br>| 7.13% | 03/01/2059 | 10634 | &nbsp;&nbsp; 9789586 |
| Powhatan County Economic Development Authority; Series 2025, RB<sup>(a)</sup> <br>| 6.13% | 09/01/2060 | 7475 | &nbsp;&nbsp; 7322300 |
| Tobacco Settlement Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 B-1, RB | 5.00% | 06/01/2047 | 21035 | &nbsp;&nbsp; 17461101 |
| &nbsp;&nbsp;&nbsp; Series 2007 B-2, RB | 5.20% | 06/01/2046 | 3000 | &nbsp;&nbsp; 2604621 |
| &nbsp;&nbsp;&nbsp; Virginia (Commonwealth of) Small Business Financing Authority (95 Express Lanes LLC); <br> Series 2022, Ref. RB<sup>(c)</sup> <br>| 4.00% | 01/01/2040 | 500 | &nbsp;&nbsp; 482886 |
| Virginia (Commonwealth of) Small Business Financing Authority (Transform 66 P3); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(c)</sup> <br>| 5.00% | 12/31/2052 | 9150 | &nbsp;&nbsp; 8899248 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(c)</sup> <br>| 5.00% | 12/31/2056 | 8000 | &nbsp;&nbsp; 7707591 |
| Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 09/01/2044 | 1960 | &nbsp;&nbsp; 1929492 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 7.00% | 09/01/2059 | 11000 | &nbsp;&nbsp; 12052316 |
|  |  |  |  | &nbsp;&nbsp; 72687960 |
| **Washington–1.65%** | **Washington–1.65%** | **Washington–1.65%** | **Washington–1.65%** | **Washington–1.65%** |
| Washington (State of) Convention Center Public Facilities District; Series 2018, RB<sup>(h)(j)</sup> <br>| 5.00% | 07/01/2058 | 29500 | &nbsp;&nbsp; 29506363 |
| &nbsp;&nbsp;&nbsp; Washington (State of) Economic Development Finance Authority (Green Bonds); Series 2020 A, <br> RB<sup>(a)(c)</sup> <br>| 5.63% | 12/01/2040 | 3500 | &nbsp;&nbsp; 3575848 |
| Washington (State of) Health Care Facilities Authority; Series 2025 A, Ref. RB | 5.00% | 09/01/2045 | 2750 | &nbsp;&nbsp; 2868947 |
| Washington (State of) Housing Finance Commission; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - BAM)<sup>(a)(i)</sup> <br>| 5.25% | 07/01/2055 | 1800 | &nbsp;&nbsp; 1831218 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - BAM)<sup>(a)(i)</sup> <br>| 5.25% | 07/01/2064 | 22185 | &nbsp;&nbsp; 22418346 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 6.25% | 01/01/2056 | 2000 | &nbsp;&nbsp; 1997396 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 6.25% | 01/01/2061 | 6600 | &nbsp;&nbsp; 6544664 |
| Washington (State of) Housing Finance Commission (Bayview Manor Homes); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(a)</sup> <br>| 5.00% | 07/01/2036 | 1460 | &nbsp;&nbsp; 1464724 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(a)</sup> <br>| 5.00% | 07/01/2046 | 700 | &nbsp;&nbsp; 656968 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(a)</sup> <br>| 5.00% | 07/01/2051 | 7100 | &nbsp;&nbsp; 6469362 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(a)</sup> <br>| 6.00% | 07/01/2059 | 2750 | &nbsp;&nbsp; 2812868 |
| Washington (State of) Housing Finance Commission (Presbyterian Retirement Co.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(a)</sup> <br>| 5.00% | 01/01/2031 | 1500 | &nbsp;&nbsp; 1513219 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(a)</sup> <br>| 5.00% | 01/01/2046 | 8700 | &nbsp;&nbsp; 8245823 |
| &nbsp;&nbsp;&nbsp; Washington (State of) Housing Finance Commission (Presbyterian Retirement Communities <br> Northwest); Series 2016 A, Ref. RB<sup>(a)</sup> <br>| 5.00% | 01/01/2051 | 8165 | &nbsp;&nbsp; 7507643 |
| Washington (State of) Housing Finance Commission (Social Certificates); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Revenue Ctfs. | 3.50% | 12/20/2035 | 5356 | &nbsp;&nbsp; 5204433 |
| &nbsp;&nbsp;&nbsp; Series 2024-2, RB | 4.08% | 03/01/2050 | 11458 | &nbsp;&nbsp; 11240336 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Washington–(continued)** | **Washington–(continued)** | **Washington–(continued)** | **Washington–(continued)** | **Washington–(continued)** |
| &nbsp;&nbsp;&nbsp; Washington (State of) Housing Finance Commission (Spokane International Academy); <br> Series 2021 A, RB<sup>(a)</sup> <br>| 5.00% | 07/01/2056 | $2260 | &nbsp;&nbsp; $1903775 |
|  |  |  |  | &nbsp;&nbsp; 115761933 |
| **West Virginia–1.42%** | **West Virginia–1.42%** | **West Virginia–1.42%** | **West Virginia–1.42%** | **West Virginia–1.42%** |
| Harrison (County of), WV Commission (Charles Pointe No. 2); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2008 A, Ref. RB | 7.00% | 06/01/2035 | 2950 | &nbsp;&nbsp; 2953058 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB<sup>(a)(d)</sup> <br>| 7.00% | 06/01/2035 | 1000 | &nbsp;&nbsp; 500000 |
| &nbsp;&nbsp;&nbsp; Harrison (County of), WV County Commission (Charles Pointe Economic Opportunity Development <br> District);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(a)(d)(g)</sup> <br>| 5.75% | 06/01/2042 | 14980 | &nbsp;&nbsp; 10576578 |
| &nbsp;&nbsp;&nbsp; Series 2019 B, Ref. RB<sup>(a)(d)(g)</sup> <br>| 7.50% | 06/01/2042 | 5285 | &nbsp;&nbsp; 3746733 |
| Huntington (City of), WV (Downtown Project No. 3); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 5.00% | 06/01/2039 | 365 | &nbsp;&nbsp; 368671 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 5.50% | 06/01/2049 | 450 | &nbsp;&nbsp; 450810 |
| Huntington (City of), WV (Kinetic Park Project No. 3); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.13% | 06/01/2039 | 445 | &nbsp;&nbsp; 452986 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.63% | 05/01/2050 | 480 | &nbsp;&nbsp; 480806 |
| &nbsp;&nbsp;&nbsp; Monogalia (County of), WV (Development Disctict No. 4 - University Town Centre); Series 2023, <br> Ref. RB<sup>(a)</sup> <br>| 6.00% | 06/01/2053 | 1755 | &nbsp;&nbsp; 1849727 |
| &nbsp;&nbsp;&nbsp; Monongalia (County of), WV Commission Special District (University Town Centre Economic <br> Opportunity Development District);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB<sup>(a)</sup> <br>| 5.75% | 06/01/2043 | 7000 | &nbsp;&nbsp; 7076465 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(a)</sup> <br>| 7.50% | 06/01/2043 | 12965 | &nbsp;&nbsp; 13645695 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB<sup>(a)</sup> <br>| 4.13% | 06/01/2043 | 2770 | &nbsp;&nbsp; 2455343 |
| &nbsp;&nbsp;&nbsp; West Virginia (State of) Economic Development Authority (Core Natural Resources, Inc.); <br> Series 2025, Ref. RB<sup>(a)(b)(c)</sup> <br>| 5.45% | 03/27/2035 | 2250 | &nbsp;&nbsp; 2405757 |
| West Virginia (State of) Economic Development Authority (Empire Green Gerenation LLC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB (Acquired 05/17/2023; Cost $20,000,000)<sup>(a)(c)(e)</sup> <br>| 9.50% | 05/01/2043 | 20000 | &nbsp;&nbsp; 18000000 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (Acquired 02/14/2025; Cost $2,000,000)<sup>(a)(c)(e)</sup> <br>| 9.50% | 05/01/2043 | 2000 | &nbsp;&nbsp; 1800000 |
| &nbsp;&nbsp;&nbsp; West Virginia (State of) Economic Development Authority (Empire South Terminal of West); <br> Series 2023, RB<sup>(a)</sup> <br>| 8.50% | 12/01/2043 | 16000 | &nbsp;&nbsp; 13078323 |
| West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, RB<sup>(a)(c)(d)</sup> <br>| 7.25% | 02/01/2036 | 10965 | &nbsp;&nbsp; 1096500 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(a)(c)(d)</sup> <br>| 8.75% | 02/01/2036 | 4500 | &nbsp;&nbsp; 1350000 |
| West Virginia (State of) Hospital Finance Authority (Vandalia Health Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB | 6.00% | 09/01/2048 | 3000 | &nbsp;&nbsp; 3281094 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB | 6.00% | 09/01/2053 | 13000 | &nbsp;&nbsp; 14131021 |
|  |  |  |  | &nbsp;&nbsp; 99699567 |
| **Wisconsin–6.65%** | **Wisconsin–6.65%** | **Wisconsin–6.65%** | **Wisconsin–6.65%** | **Wisconsin–6.65%** |
| Wisconsin (State of) Center District; Series 2020 D, RB (INS - AGI)<sup>(f)(i)</sup> <br>| 0.00% | 12/15/2055 | 51755 | &nbsp;&nbsp; 12307199 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (Marshfield Clinic Health System); <br> Series 2024, RB<br>| 5.50% | 02/15/2054 | 8385 | &nbsp;&nbsp; 8866473 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the <br> Midwest Obligated Group);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB (Acquired 08/30/2017-02/19/2021; Cost $5,852,565)<sup>(e)</sup> <br>| 5.00% | 08/01/2037 | 5820 | &nbsp;&nbsp; 3955010 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB (Acquired 09/05/2017-02/03/2021; Cost $2,360,368)<sup>(e)</sup> <br>| 5.00% | 08/01/2039 | 2355 | &nbsp;&nbsp; 1535549 |
| Wisconsin (State of) Health & Educational Facilities Authority (Camillus Health System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 11/01/2039 | 3950 | &nbsp;&nbsp; 3978499 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 11/01/2046 | 2500 | &nbsp;&nbsp; 2329772 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 11/01/2054 | 10000 | &nbsp;&nbsp; 8963391 |
| Wisconsin (State of) Health & Educational Facilities Authority (Capitol Lakes, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB | 6.00% | 11/15/2045 | 2000 | &nbsp;&nbsp; 1974327 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB | 6.25% | 11/15/2055 | 3265 | &nbsp;&nbsp; 3252234 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (Mile Bluff Medical Center, Inc.); <br> Series 2014, RB<br>| 5.75% | 05/01/2039 | 4260 | &nbsp;&nbsp; 4259984 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Wisconsin–(continued)** | **Wisconsin–(continued)** | **Wisconsin–(continued)** | **Wisconsin–(continued)** | **Wisconsin–(continued)** |
| Wisconsin (State of) Public Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB<sup>(a)</sup> <br>| 5.00% | 09/01/2054 | $1360 | &nbsp;&nbsp; $1231977 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, Ref. RB<sup>(a)</sup> <br>| 6.25% | 10/01/2053 | 1000 | &nbsp;&nbsp; 1020056 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB<sup>(a)(f)</sup> <br>| 0.00% | 07/01/2062 | 17585 | &nbsp;&nbsp; 14068000 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(a)</sup> <br>| 6.88% | 07/01/2053 | 1350 | &nbsp;&nbsp; 1373159 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(a)</sup> <br>| 7.00% | 07/01/2058 | 1000 | &nbsp;&nbsp; 1017524 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.75% | 07/01/2062 | 17885 | &nbsp;&nbsp; 18768415 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(a)</sup> <br>| 12.00% | 05/16/2029 | 4750 | &nbsp;&nbsp; 5488688 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(a)</sup> <br>| 6.75% | 12/01/2065 | 2135 | &nbsp;&nbsp; 2185644 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)(f)</sup> <br>| 0.00% | 12/15/2032 | 5250 | &nbsp;&nbsp; 3396841 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)(f)</sup> <br>| 0.00% | 12/15/2033 | 7700 | &nbsp;&nbsp; 4650380 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)(f)</sup> <br>| 0.00% | 12/15/2039 | 5650 | &nbsp;&nbsp; 2308612 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)(f)</sup> <br>| 0.00% | 12/15/2041 | 14000 | &nbsp;&nbsp; 5111102 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)</sup> <br>| 6.75% | 07/01/2045 | 4270 | &nbsp;&nbsp; 4297135 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)</sup> <br>| 7.00% | 07/01/2055 | 3000 | &nbsp;&nbsp; 3016034 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)</sup> <br>| 6.00% | 06/01/2060 | 1000 | &nbsp;&nbsp; 978738 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(c)</sup> <br>| 5.75% | 06/30/2060 | 15000 | &nbsp;&nbsp; 15605029 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(c)</sup> <br>| 6.50% | 06/30/2060 | 8000 | &nbsp;&nbsp; 8847003 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(c)</sup> <br>| 5.75% | 12/31/2065 | 22000 | &nbsp;&nbsp; 22836944 |
| Wisconsin (State of) Public Finance Authority (Adelaide Pointe); Series 2023, RB<sup>(a)</sup> <br>| 6.25% | 06/01/2052 | 7500 | &nbsp;&nbsp; 7444591 |
| Wisconsin (State of) Public Finance Authority (Alabama Proton Therapy Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB (Acquired 12/01/2017-11/16/2020; Cost $3,537,989)<sup>(a)(d)(e)</sup> <br>| 6.25% | 10/01/2031 | 3475 | &nbsp;&nbsp; 347500 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB (Acquired 12/01/2017-01/13/2021; Cost $25,904,213)<sup>(a)(d)(e)</sup> <br>| 6.85% | 10/01/2047 | 25735 | &nbsp;&nbsp; 2573500 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB (Acquired 12/06/2017-10/08/2019; Cost $1,304,321)<sup>(a)(d)(e)</sup> <br>| 7.00% | 10/01/2047 | 1250 | &nbsp;&nbsp; 125000 |
| Wisconsin (State of) Public Finance Authority (Alpha Ranch); Series 2024, RB<sup>(a)(f)</sup> <br>| 0.00% | 12/15/2038 | 21000 | &nbsp;&nbsp; 9681290 |
| Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(a)</sup> <br>| 6.25% | 08/01/2027 | 1550 | &nbsp;&nbsp; 1240000 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(a)</sup> <br>| 6.75% | 08/01/2031 | 15590 | &nbsp;&nbsp; 12004300 |
| Wisconsin (State of) Public Finance Authority (Anthem/Freedom); Series 2025, RB<sup>(a)(f)</sup> <br>| 0.00% | 12/15/2037 | 4750 | &nbsp;&nbsp; 2426383 |
| Wisconsin (State of) Public Finance Authority (Ascend Leadership Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(a)</sup> <br>| 5.00% | 06/15/2051 | 2000 | &nbsp;&nbsp; 1649949 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(a)</sup> <br>| 5.00% | 06/15/2056 | 1400 | &nbsp;&nbsp; 1132221 |
| Wisconsin (State of) Public Finance Authority (Bancroft Neurohealth); Series 2016 A, RB<sup>(a)</sup> <br>| 5.13% | 06/01/2048 | 10500 | &nbsp;&nbsp; 9680275 |
| Wisconsin (State of) Public Finance Authority (CABS); Series 2024, RB<sup>(f)</sup> <br>| 0.00% | 02/01/2031 | 13095 | &nbsp;&nbsp; 9177496 |
| Wisconsin (State of) Public Finance Authority (Campus Real Estate Holdings); Series 2025, Ref. RB | 5.50% | 06/01/2055 | 600 | &nbsp;&nbsp; 612686 |
| Wisconsin (State of) Public Finance Authority (Cincinnati Classical Academy); Series 2024, RB<sup>(a)</sup> <br>| 5.88% | 06/15/2054 | 750 | &nbsp;&nbsp; 740825 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Coral Academy of Science Reno); Series 2019, Ref. <br> RB<sup>(a)</sup> <br>| 5.00% | 06/01/2050 | 2660 | &nbsp;&nbsp; 2280548 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Cross Creek Public Improvement District); <br> Series 2019, RB<sup>(a)</sup> <br>| 5.75% | 10/01/2053 | 5600 | &nbsp;&nbsp; 5672890 |
| Wisconsin (State of) Public Finance Authority (Delray Beach Radiation Therapy Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB (Acquired 04/03/2017; Cost $2,525,000)<sup>(a)(d)(e)</sup> <br>| 6.25% | 11/01/2028 | 2525 | &nbsp;&nbsp; 1388750 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB (Acquired 04/03/2017-01/13/2021; Cost $34,467,094)<sup>(a)(d)(e)</sup> <br>| 6.85% | 11/01/2046 | 34350 | &nbsp;&nbsp; 18892500 |
| &nbsp;&nbsp;&nbsp; Series 2017 B, RB (Acquired 01/23/2018; Cost $8,349,668)<sup>(a)(d)(e)</sup> <br>| 8.50% | 11/01/2046 | 8000 | &nbsp;&nbsp; 4000 |
| Wisconsin (State of) Public Finance Authority (Explore Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(a)</sup> <br>| 6.13% | 02/01/2048 | 6620 | &nbsp;&nbsp; 6552755 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(a)</sup> <br>| 6.13% | 02/01/2050 | 3305 | &nbsp;&nbsp; 3252876 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(a)</sup> <br>| 6.13% | 02/01/2050 | 3580 | &nbsp;&nbsp; 3519160 |
| Wisconsin (State of) Public Finance Authority (Goodwill Industries of Southern Nevada, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB | 5.50% | 12/01/2038 | 3593 | &nbsp;&nbsp; 3592022 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB | 5.75% | 12/01/2048 | 6863 | &nbsp;&nbsp; 6862565 |
| Wisconsin (State of) Public Finance Authority (Grand Hyatt San Antonio); Series 2022 B, RB<sup>(a)</sup> <br>| 5.63% | 02/01/2046 | 3500 | &nbsp;&nbsp; 3587508 |
| Wisconsin (State of) Public Finance Authority (Lariat); Series 2023, RB<sup>(a)(f)</sup> <br>| 0.00% | 09/01/2029 | 1875 | &nbsp;&nbsp; 1427374 |
| Wisconsin (State of) Public Finance Authority (Mallard Creek Stem Academy); Series 2019 A, RB<sup>(a)</sup> <br>| 5.25% | 06/15/2049 | 5775 | &nbsp;&nbsp; 5311281 |
| Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(a)</sup> <br>| 6.25% | 01/01/2038 | 11000 | &nbsp;&nbsp; 4950000 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(a)</sup> <br>| 6.38% | 01/01/2048 | 16520 | &nbsp;&nbsp; 7434000 |

---

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

**Invesco High Yield 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** |
| **Wisconsin–(continued)** | **Wisconsin–(continued)** | **Wisconsin–(continued)** | **Wisconsin–(continued)** | **Wisconsin–(continued)** | **Wisconsin–(continued)** |
| Wisconsin (State of) Public Finance Authority (Mary's Woods at Marylhurst); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB<sup>(a)</sup> <br>| 5.25% | 05/15/2047 |  | $2240 | &nbsp;&nbsp; $2176620 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB<sup>(a)</sup> <br>| 5.25% | 05/15/2052 |  | 2300 | &nbsp;&nbsp; 2185310 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Mater Academy of Nevada - East Las Vegas Campus); <br> Series 2024, RB<sup>(a)</sup> <br>| 5.00% | 12/15/2054 |  | 6725 | &nbsp;&nbsp; 6140582 |
| Wisconsin (State of) Public Finance Authority (Miami Worldcenter); Series 2024 A, RB<sup>(a)</sup> <br>| 5.00% | 06/01/2041 |  | 3450 | &nbsp;&nbsp; 3506247 |
| Wisconsin (State of) Public Finance Authority (Million Air Two LLC General Aviation Facilities); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(c)</sup> <br>| 7.25% | 06/01/2035 |  | 11065 | &nbsp;&nbsp; 11659452 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(a)(c)</sup> <br>| 7.13% | 06/01/2041 |  | 9840 | &nbsp;&nbsp; 10247404 |
| Wisconsin (State of) Public Finance Authority (Milo Farms Project); Series 2025, RB<sup>(a)(f)</sup> <br>| 0.00% | 12/15/2039 |  | 26132 | &nbsp;&nbsp; 9199036 |
| Wisconsin (State of) Public Finance Authority (New Plan Learning, Inc.); Series 2021 A, Ref. RB | 5.00% | 07/01/2041 |  | 7415 | &nbsp;&nbsp; 6846401 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Oakwood Estates and Stonebrooke); Series 2024, <br> RB<sup>(a)(f)</sup> <br>| 0.00% | 12/15/2030 |  | 4740 | &nbsp;&nbsp; 3551475 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Pinecrest Academy of Nevada - Sloan Canyon <br> Campus); Series 2024, Ref. RB<sup>(a)</sup> <br>| 4.50% | 07/15/2053 |  | 1000 | &nbsp;&nbsp; 856813 |
| Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.20% | 12/01/2037 |  | 17025 | &nbsp;&nbsp; 17445252 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.35% | 12/01/2045 |  | 33765 | &nbsp;&nbsp; 34157646 |
| Wisconsin (State of) Public Finance Authority (Proton International); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(a)</sup> <br>| 6.50% | 01/01/2041 |  | 10000 | &nbsp;&nbsp; 7370403 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(a)</sup> <br>| 6.85% | 01/01/2051 |  | 11110 | &nbsp;&nbsp; 7614460 |
| Wisconsin (State of) Public Finance Authority (Quality Education Academy); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(a)</sup> <br>| 6.25% | 07/15/2053 |  | 160 | &nbsp;&nbsp; 164319 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(a)</sup> <br>| 6.50% | 07/15/2063 |  | 1675 | &nbsp;&nbsp; 1732807 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences); <br> Series 2015, Ref. RB<br>| 5.88% | 04/01/2045 |  | 5000 | &nbsp;&nbsp; 4999947 |
| Wisconsin (State of) Public Finance Authority (Southminster); Series 2018, RB<sup>(a)</sup> <br>| 5.00% | 10/01/2053 |  | 8350 | &nbsp;&nbsp; 7817306 |
| Wisconsin (State of) Public Finance Authority (Two Step); Series 2024, RB<sup>(a)(f)</sup> <br>| 0.00% | 12/15/2034 |  | 4250 | &nbsp;&nbsp; 2485478 |
| Wisconsin (State of) Public Finance Authority (Uwharrie Charter Academy); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(a)</sup> <br>| 5.00% | 06/15/2052 |  | 1000 | &nbsp;&nbsp; 927359 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(a)</sup> <br>| 5.00% | 06/15/2062 |  | 9000 | &nbsp;&nbsp; 8113335 |
| Wisconsin (State of) Public Finance Authority (Wakemed Hospital); Series 2019 A, Ref. RB | 4.00% | 10/01/2049 |  | 1250 | &nbsp;&nbsp; 1141497 |
| Wisconsin (State of) Public Finance Authority (WFCS Portfolio); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, RB<sup>(a)</sup> <br>| 5.00% | 01/01/2056 |  | 3820 | &nbsp;&nbsp; 3225905 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(a)(f)</sup> <br>| 0.00% | 01/01/2061 |  | 42600 | &nbsp;&nbsp; 3550689 |
| Wisconsin (State of) Public Finance Authority (WhiteStone); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(a)</sup> <br>| 5.00% | 03/01/2052 |  | 2300 | &nbsp;&nbsp; 2013619 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB<sup>(a)</sup> <br>| 5.25% | 03/01/2055 |  | 6000 | &nbsp;&nbsp; 5403965 |
|  |  |  |  |  | &nbsp;&nbsp; 465721291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $7,785,190,385) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $7,785,190,385) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $7,785,190,385) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $7,785,190,385) |  | &nbsp;&nbsp; 7506774243 |
|  |  |  | **Shares** | **Shares** |  |
| **Exchange-Traded Funds–0.39%** | **Exchange-Traded Funds–0.39%** | **Exchange-Traded Funds–0.39%** | **Exchange-Traded Funds–0.39%** | **Exchange-Traded Funds–0.39%** | **Exchange-Traded Funds–0.39%** |
| Invesco Intermediate Municipal ETF<sup>(q)</sup> <br>|  |  |  | 206313 | &nbsp;&nbsp; 10672572 |
| Invesco Rochester High Yield Municipal ETF<sup>(q)</sup> <br>|  |  |  | 323839 | &nbsp;&nbsp; 16465464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Exchange-Traded Funds (Cost $27,041,898) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Exchange-Traded Funds (Cost $27,041,898) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Exchange-Traded Funds (Cost $27,041,898) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Exchange-Traded Funds (Cost $27,041,898) |  | &nbsp;&nbsp; 27138036 |
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** |  |
| **U.S. Dollar Denominated Bonds & Notes–0.20%** | **U.S. Dollar Denominated Bonds & Notes–0.20%** | **U.S. Dollar Denominated Bonds & Notes–0.20%** | **U.S. Dollar Denominated Bonds & Notes–0.20%** | **U.S. Dollar Denominated Bonds & Notes–0.20%** | **U.S. Dollar Denominated Bonds & Notes–0.20%** |
| **Texas–0.20%** | **Texas–0.20%** | **Texas–0.20%** | **Texas–0.20%** | **Texas–0.20%** | **Texas–0.20%** |
| &nbsp;&nbsp;&nbsp; AM BidCo Holdings LLC <br>(Cost $14,199,866)<sup>(g)</sup> <br>| 3.86% | 10/21/2027 |  | $14200 | &nbsp;&nbsp; 14199866 |
|  |  |  | **Shares** | **Shares** |  |
| **Common Stocks & Other Equity Interests–0.11%** | **Common Stocks & Other Equity Interests–0.11%** | **Common Stocks & Other Equity Interests–0.11%** | **Common Stocks & Other Equity Interests–0.11%** | **Common Stocks & Other Equity Interests–0.11%** | **Common Stocks & Other Equity Interests–0.11%** |
| BL Train Holdings West LLC; Wts. expiring 12/01/2025<sup>(g)</sup> <br>|  |  |  | 294270 | &nbsp;&nbsp; 0 |
| AM BidCo Holdings LLC<sup>(g)</sup> <br>|  |  |  | 799 | &nbsp;&nbsp; 7988100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests (Cost $7,988,100) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests (Cost $7,988,100) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests (Cost $7,988,100) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests (Cost $7,988,100) |  | &nbsp;&nbsp; 7988100 |

---

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

**Invesco High Yield Municipal Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Shares** | **Shares** | **Value** |
| **Preferred Stocks–0.00%** | **Preferred Stocks–0.00%** | **Preferred Stocks–0.00%** | **Preferred Stocks–0.00%** |
| &nbsp;&nbsp;&nbsp; AES Puerto Rico, Inc., Pfd. <br>(Cost $16)<sup>(g)</sup> <br>|  | 306528 | &nbsp;&nbsp; $0 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(r)</sup>–107.83% (Cost $7,834,420,265) | TOTAL INVESTMENTS IN SECURITIES<sup>(r)</sup>–107.83% (Cost $7,834,420,265) |  | &nbsp;&nbsp; 7556100245 |
| FLOATING RATE NOTE OBLIGATIONS–(10.63)% | FLOATING RATE NOTE OBLIGATIONS–(10.63)% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notes with interest and fee rates ranging from 3.31% to 3.52% at 11/30/2025 and <br>contractual maturities of collateral ranging from 08/01/2030 to 11/01/2059<sup>(s)</sup> <br>|  |  | &nbsp;&nbsp; (744815000)<br>|
| OTHER ASSETS LESS LIABILITIES–2.80% | OTHER ASSETS LESS LIABILITIES–2.80% |  | &nbsp;&nbsp; 195813199 |
| NET ASSETS–100.00% | NET ASSETS–100.00% |  | &nbsp;&nbsp; $7007098444 |

---

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 |
| ETF | – Exchange-Traded Fund |
| GO | – General Obligation |
| IDR | – Industrial Development Revenue Bonds |
| INS | – Insurer |
| LIBOR | – London Interbank Offered Rate |
| LOC | – Letter of Credit |
| NATL | – National Public Finance Guarantee Corp. |
| Pfd. | – Preferred |
| RAC | – Revenue Anticipation Certificates |
| RB | – Revenue Bonds |
| Ref. | – Refunding |
| RN | – Revenue Notes |
| SOFR | – Secured Overnight Financing Rate |
| USD | – U.S. Dollar |
| VRD | – Variable Rate Demand |
| Wts. | – Warrants |

---

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

**Invesco High Yield Municipal Fund**

------

Notes to Schedule of Investments:

<sup>(a)</sup> Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2025 was $1,756,756,237, which represented 25.07% of the Fund's Net Assets. 

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

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

<sup>(d)</sup> Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at November 30, 2025 was $180,287,067, which represented 2.57% of the Fund's Net Assets. 

<sup>(e)</sup> Restricted security. The aggregate value of these securities at November 30, 2025 was $210,849,650, which represented 3.01% of the Fund's Net Assets.

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

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

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

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

<sup>(j)</sup> Security is subject to a reimbursement agreement which may require the Fund to pay amounts to a counterparty in the event of a significant decline in the market value of the security underlying the TOB Trusts. In case of a shortfall, the maximum potential amount of payments the Fund could ultimately be required to make under the agreement is $265,834,745. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the TOB Trusts. 

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

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

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

<sup>(n)</sup> Principal and interest payments are fully enhanced by a letter of credit from the bank listed or a predecessor bank, branch or subsidiary.

<sup>(o)</sup> Demand security payable upon demand by the Fund at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically by the issuer or agent based on current market conditions. Rate shown is the rate in effect on November 30, 2025. 

<sup>(p)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2025.

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

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**February 28, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**November 30, 2025**<br>| **Dividend Income** |
| Invesco Intermediate Municipal ETF | $- | &nbsp;&nbsp; $10597192 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $75380 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $10672572 | &nbsp;&nbsp; $61151 |
| Invesco Rochester High Yield Municipal ETF | &nbsp;&nbsp; 877166 | &nbsp;&nbsp; 15572096 | &nbsp;&nbsp; - | &nbsp;&nbsp; 16202 | &nbsp;&nbsp; - | &nbsp;&nbsp; 16465464 | &nbsp;&nbsp; 164679 |
| Total | $877166 | &nbsp;&nbsp; $26169288 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $91582 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $27138036 | &nbsp;&nbsp; $225830 |

---

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

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

<sup>(s)</sup> Floating rate note obligations related to securities held. The interest and fee rates shown reflect the rates in effect at November 30, 2025. At November 30, 2025, the Fund's investments with a value of $1,047,309,269 are held by TOB Trusts and serve as collateral for the $744,815,000 in the floating rate note obligations outstanding at that date. 

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  |
| **Short Futures Contracts** | &nbsp;&nbsp; **Number of**<br> **Contracts**<br>| &nbsp;&nbsp;&nbsp; **Expiration**<br> **Month**<br>| &nbsp;&nbsp; **Notional**<br> **Value**<br>| **Value** | &nbsp;&nbsp; **Unrealized**<br> **Appreciation**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** |
| U.S. Treasury 10 Year Notes | &nbsp;&nbsp;&nbsp; 704 | March-2026 | &nbsp;&nbsp;&nbsp; $(79794000)<br>| &nbsp;&nbsp;&nbsp; $(500500)<br>| &nbsp;&nbsp;&nbsp; $(500500)<br>|

---

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

<sup>(a)</sup> Futures contracts collateralized by $1,320,000 cash held with Goldman Sachs International, the futures commission merchant.

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

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

**Invesco High Yield Municipal Fund**

------

**Notes to Quarterly Schedule of Portfolio Holdings**

*November 30, 2025*

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <br>**Investments in Securities** |  |  |  |  |
| Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $7482791476 | &nbsp;&nbsp;&nbsp;&nbsp; $23982767 | &nbsp;&nbsp;&nbsp;&nbsp; $7506774243 |
| Exchange-Traded Funds | &nbsp;&nbsp;&nbsp;&nbsp; 27138036 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 27138036 |
| U.S. Dollar Denominated Bonds & Notes | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 14199866 | &nbsp;&nbsp;&nbsp;&nbsp; 14199866 |
| Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7988100 | &nbsp;&nbsp;&nbsp;&nbsp; 7988100 |
| 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; 27138036 | &nbsp;&nbsp;&nbsp;&nbsp; 7482791476 | &nbsp;&nbsp;&nbsp;&nbsp; 46170733 | &nbsp;&nbsp;&nbsp;&nbsp; 7556100245 |
| **Other Investments - Assets\*** |  |  |  |  |
| Investments Matured | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 44697742 | &nbsp;&nbsp;&nbsp;&nbsp; 936743 | &nbsp;&nbsp;&nbsp;&nbsp; 45634485 |
| **Other Investments - Liabilities\*** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; (500500)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (500500)<br>|
| **Total Other Investments** | &nbsp;&nbsp;&nbsp;&nbsp; (500500)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 44697742 | &nbsp;&nbsp;&nbsp;&nbsp; 936743 | &nbsp;&nbsp;&nbsp;&nbsp; 45133985 |
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $26637536 | &nbsp;&nbsp;&nbsp;&nbsp; $7527489218 | &nbsp;&nbsp;&nbsp;&nbsp; $47107476 | &nbsp;&nbsp;&nbsp;&nbsp; $7601234230 |

---

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

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

**Invesco High Yield 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 High Yield Municipal Fund

- **b. EDGAR series identifier (if any):** S000027866

- **c. LEI of Series:** 549300UNDK1EWRXY9R92

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

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

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $7844344752.92

**Total Liabilities:** $852929173.84

**Net Assets:** $6991415579.08

**Delayed Delivery Securities:** $37885444.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -3643.05978810 | **1-Year:** -62333.23444130 | **5-Year:** -290144.24923137 | **10-Year:** -953529.10406050 | **30-Year:** -517980.21227754

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

- **3-Month:** -12911.05007575 | **1-Year:** -164253.46897087 | **5-Year:** -477767.20196723 | **10-Year:** -1066763.47710340 | **30-Year:** -713633.47499285

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000084619 | 3.69%                | 1.05%                | 0.56%                |
| Class ID C000084621 | 3.64%                | 0.99%                | 0.51%                |
| Class ID C000084622 | 3.71%                | 1.07%                | 0.58%                |
| Class ID C000109478 | 3.72%                | 1.07%                | 0.59%                |
| Class ID C000188917 | 3.72%                | 1.07%                | 0.59%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3375956.12             | $229612472.73                              |
| Month 2  | $921306.02               | $45834637.92                               |
| Month 3  | $9222987.14              | $3286898.97                                |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                                                                                                                 | Title                                                                                                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Kentucky (Commonwealth of) Economic Development Finance Authority (Rosedale Green)                                                                   | Kentucky (Commonwealth of) Economic Development Finance Authority (Rosedale Green), Series 2015, Ref. RB                                               | CUSIP: 49126TAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1184409.48   | 0.02%             | 2035-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Rosedale Green)                                                                   | Kentucky (Commonwealth of) Economic Development Finance Authority (Rosedale Green), Series 2015, Ref. RB                                               | CUSIP: 49126TAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2316630.68   | 0.03%             | 2045-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Rosedale Green)                                                                   | Kentucky (Commonwealth of) Economic Development Finance Authority (Rosedale Green), Series 2015, Ref. RB                                               | CUSIP: 49126TAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4650000 | PA      | $4003640.70   | 0.06%             | 2050-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Creative Child Care & Team Charter)                                               | California (State of) Statewide Communities Development Authority (Creative Child Care & Team Charter), Series 2015, RB                                | CUSIP: 13080KAU5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   6220000 | PA      | $6091034.52   | 0.09%             | 2045-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                                   | Tobacco Settlement Financing Corp., Series 2007 B-2, RB                                                                                                | CUSIP: 88880NAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2604621.00   | 0.04%             | 2046-06-01      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Tallahassee Tapestry)                                                                                                    | Capital Trust Agency, Inc. (Tallahassee Tapestry), Series 2015, RB                                                                                     | CUSIP: 14052WCJ4<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $120000.00    | 0.00%             | 2050-12-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Tallahassee Tapestry)                                                                                                    | Capital Trust Agency, Inc. (Tallahassee Tapestry), Series 2015, RB                                                                                     | CUSIP: 14052WCG0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   5405000 | PA      | $648600.00    | 0.01%             | 2035-12-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Tallahassee Tapestry)                                                                                                    | Capital Trust Agency, Inc. (Tallahassee Tapestry), Series 2015, RB                                                                                     | CUSIP: 14052WCH8<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $240000.00    | 0.00%             | 2045-12-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Intrinsic Schools - Belmont School)                                                                           | Illinois (State of) Finance Authority (Intrinsic Schools - Belmont School), Series 2015, RB                                                            | CUSIP: 452022AH9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3715000 | PA      | $3715582.51   | 0.05%             | 2045-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Phoenix (City of), AZ Industrial Development Authority (Basis Schools) (The)                                                                         | Phoenix (City of), AZ Industrial Development Authority (Basis Schools) (The), Series 2016 A, Ref. RB                                                   | CUSIP: 71885FEB9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2711775.61   | 0.04%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging)                                                  | Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging), Series 2016, RB                                   | CUSIP: 091081DN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8950000 | PA      | $8531233.98   | 0.12%             | 2045-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy)                                                            | Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy), Series 2015, Ref. RB                                        | CUSIP: 72177MQY6<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2371450.20   | 0.03%             | 2035-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy)                                                            | Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy), Series 2015, Ref. RB                                        | CUSIP: 72177MQZ3<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3499934.55   | 0.05%             | 2045-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Tallahassee (City of), FL (Tallahassee Memorial Health Care, Inc.)                                                                                   | Tallahassee (City of), FL (Tallahassee Memorial Health Care, Inc.), Series 2016, RB                                                                    | CUSIP: 874485DL6<br>LEI: 549300MPY4HDPK8B1G15 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1009175.96   | 0.01%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC)                                                                 | West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC), Series 2016, RB                                                  | CUSIP: 95648VAY5<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |  10965000 | PA      | $1096500.00   | 0.02%             | 2036-02-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Nassau County Tobacco Settlement Corp.                                                                                                               | Nassau County Tobacco Settlement Corp., Series 2006 A-3, RB                                                                                            | CUSIP: 63166MCA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10390000 | PA      | $8384880.66   | 0.12%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nassau County Tobacco Settlement Corp.                                                                                                               | Nassau County Tobacco Settlement Corp., Series 2006 A-3, RB                                                                                            | CUSIP: 63166MCB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  67625000 | PA      | $51444217.48  | 0.74%             | 2046-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center)                                             | California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center), Series 2016 A, RB                            | CUSIP: 13080SMK7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   6630000 | PA      | $6632621.50   | 0.09%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center)                                             | California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center), Series 2016 A, RB                            | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |  25000000 | PA      | $25002532.50  | 0.36%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)                                                               | New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2016 A, RB                                              | CUSIP: 650116AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13695000 | PA      | $13694857.57  | 0.20%             | 2050-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Payne (County of), OK Economic Development Authority (Epworth Living at the Ranch)                                                                   | Payne (County of), OK Economic Development Authority (Epworth Living at the Ranch), Series 2016 A, RB                                                  | CUSIP: 704387AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2428955 | PA      | $10201.61     | 0.00%             | 2051-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Payne (County of), OK Economic Development Authority (Epworth Living at the Ranch)                                                                   | Payne (County of), OK Economic Development Authority (Epworth Living at the Ranch), Series 2016 B-1, RB                                                | CUSIP: 704387AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1663668 | PA      | $6987.40      | 0.00%             | 2049-11-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Payne (County of), OK Economic Development Authority (Epworth Living at the Ranch)                                                                   | Payne (County of), OK Economic Development Authority (Epworth Living at the Ranch), Series 2016 A, RB                                                  | CUSIP: 704387AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1164567 | PA      | $4891.18      | 0.00%             | 2049-11-30      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Payne (County of), OK Economic Development Authority (Epworth Living at the Ranch)                                                                   | Payne (County of), OK Economic Development Authority (Epworth Living at the Ranch), Series 2016 A, RB                                                  | CUSIP: 704387AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2468883 | PA      | $10369.31     | 0.00%             | 2046-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Dutchess County Local Development Corp. (Health Quest Systems, Inc.)                                                                                 | Dutchess County Local Development Corp. (Health Quest Systems, Inc.), Series 2016 B, RB                                                                | CUSIP: 267045GX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993731.70    | 0.01%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community)                                                                   | New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community), Series 2016, Ref. RB                                               | CUSIP: 64542UBC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20530000 | PA      | $19412931.91  | 0.28%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverdale Peaks II Metropolitan District                                                                                                             | Riverdale Peaks II Metropolitan District, Series 2005, GO Bonds                                                                                        | CUSIP: 768696AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $900000.00    | 0.01%             | 2035-12-01      | Fixed         | 6.50%                 | No            |                  3 | On Loan: No      |
| Delaware (State of) Economic Development Authority (Aspira of Delaware Charter Operations, Inc.)                                                     | Delaware (State of) Economic Development Authority (Aspira of Delaware Charter Operations, Inc.), Series 2016 A, RB                                    | CUSIP: 246387RW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1146844.00   | 0.02%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware (State of) Economic Development Authority (Aspira of Delaware Charter Operations, Inc.)                                                     | Delaware (State of) Economic Development Authority (Aspira of Delaware Charter Operations, Inc.), Series 2016 A, RB                                    | CUSIP: 246387RX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $976991.29    | 0.01%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Bayview Manor Homes)                                                                               | Washington (State of) Housing Finance Commission (Bayview Manor Homes), Series 2016 A, Ref. RB                                                         | CUSIP: 939783TC0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    700000 | PA      | $656968.20    | 0.01%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Bayview Manor Homes)                                                                               | Washington (State of) Housing Finance Commission (Bayview Manor Homes), Series 2016 A, Ref. RB                                                         | CUSIP: 939783TD8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   7100000 | PA      | $6469361.67   | 0.09%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yamhill (County of), OR Hospital Authority (Friendsview Retirement Community)                                                                        | Yamhill (County of), OR Hospital Authority (Friendsview Retirement Community), Series 2016 A, Ref. RB                                                  | CUSIP: 98464UAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $1814801.81   | 0.03%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Premier Charter High School)                                                            | Pima (County of), AZ Industrial Development Authority (The) (Premier Charter High School), Series 2016 B, Ref. RB                                      | CUSIP: 72177MRG4<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1735356 | PA      | $433839.00    | 0.01%             | 2045-07-01      | Fixed         | 2.07%                 | No            |                  3 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Premier Charter High School)                                                            | Pima (County of), AZ Industrial Development Authority (The) (Premier Charter High School), Series 2016 A, Ref. RB                                      | CUSIP: 72177MRF6<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   2977119 | PA      | $2478205.66   | 0.04%             | 2045-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Premier Charter High School)                                                            | Pima (County of), AZ Industrial Development Authority (The) (Premier Charter High School), Series 2016 C, Ref. RB                                      | CUSIP: 72177MRH2<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1035510 | PA      | $10355.10     | 0.00%             | 2045-07-01      | Fixed         | 2.07%                 | No            |                  3 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Presbyterian Retirement Co.)                                                                       | Washington (State of) Housing Finance Commission (Presbyterian Retirement Co.), Series 2016 A, Ref. RB                                                 | CUSIP: 939783TJ5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   8700000 | PA      | $8245822.59   | 0.12%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Presbyterian Retirement Communities Northwest)                                                     | Washington (State of) Housing Finance Commission (Presbyterian Retirement Communities Northwest), Series 2016 A, Ref. RB                               | CUSIP: 939783TK2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   8165000 | PA      | $7507643.20   | 0.11%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Bancroft Neurohealth)                                                                                 | Wisconsin (State of) Public Finance Authority (Bancroft Neurohealth), Series 2016 A, RB                                                                | CUSIP: 74442PCQ6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  10500000 | PA      | $9680275.50   | 0.14%             | 2048-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Housing Development Authority (Stonebridge of Gurnee)                                                                            | Illinois (State of) Housing Development Authority (Stonebridge of Gurnee), Series 2016 A, RB                                                           | CUSIP: 45203LCJ0<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   4895000 | PA      | $4761040.98   | 0.07%             | 2046-01-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Air Force Village Obligated Group)                                                       | Tarrant County Cultural Education Facilities Finance Corp. (Air Force Village Obligated Group), Series 2016, Ref. RB                                   | CUSIP: 87638RHH3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3005920.20   | 0.04%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Paradise Schools)                                                                         | Maricopa (County of), AZ Industrial Development Authority (Paradise Schools), Series 2016, Ref. RB                                                     | CUSIP: 56681NAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2479331.75   | 0.04%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Paradise Schools)                                                                         | Maricopa (County of), AZ Industrial Development Authority (Paradise Schools), Series 2016, Ref. RB                                                     | CUSIP: 56681NAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3775000 | PA      | $3462171.41   | 0.05%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford)                                                                | New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford), Series 2016 A, RB                                               | CUSIP: 64542UCY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1314602.97   | 0.02%             | 2036-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford)                                                                | New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford), Series 2016 A, RB                                               | CUSIP: 64542UCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4475000 | PA      | $3912645.55   | 0.06%             | 2046-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford)                                                                | New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford), Series 2016 A, RB                                               | CUSIP: 64542UDA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $715277.47    | 0.01%             | 2052-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO Convention Center Hotel Authority                                                                                      | Denver (City & County of), CO Convention Center Hotel Authority, Series 2016, Ref. RB                                                                  | CUSIP: 249189DS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251092.25    | 0.00%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roeland Park (City of), KS (TDD No. 1)                                                                                                               | Roeland Park (City of), KS (TDD No. 1), Series 2005, RB                                                                                                | CUSIP: 77501PAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     92090 | PA      | $67225.89     | 0.00%             | 2025-12-01      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| Bristol (City of), TN Industrial Development Board (Pinnacle)                                                                                        | Bristol (City of), TN Industrial Development Board (Pinnacle), Series 2016, RB                                                                         | CUSIP: 11023QAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $11596338.00  | 0.17%             | 2035-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Oregon (State of) Facilities Authority (Legacy Health)                                                                                               | Oregon (State of) Facilities Authority (Legacy Health), Series 2016 A, Ref. RB                                                                         | CUSIP: 68608JVS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16025000 | PA      | $14555900.11  | 0.21%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Christian (County of), KY (Jennie Stuart Medical Center, Inc.)                                                                                       | Christian (County of), KY (Jennie Stuart Medical Center, Inc.), Series 2016, Ref. RB                                                                   | CUSIP: 170692CN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5395000 | PA      | $5407225.61   | 0.08%             | 2036-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Christian (County of), KY (Jennie Stuart Medical Center, Inc.)                                                                                       | Christian (County of), KY (Jennie Stuart Medical Center, Inc.), Series 2016, Ref. RB                                                                   | CUSIP: 170692CP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8507072.85   | 0.12%             | 2044-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (MaST I Charter School)                                                              | Philadelphia (City of), PA Authority for Industrial Development (MaST I Charter School), Series 2016 A, Ref. RB                                        | CUSIP: 71781XBX0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2560000 | PA      | $2563312.38   | 0.04%             | 2046-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (MaST I Charter School)                                                              | Philadelphia (City of), PA Authority for Industrial Development (MaST I Charter School), Series 2016 A, Ref. RB                                        | CUSIP: 71781XBY8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3950000 | PA      | $3953420.31   | 0.06%             | 2051-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Hmong College Prep Academy)                                                                | St. Paul (City of), MN Housing & Redevelopment Authority (Hmong College Prep Academy), Series 2016, Ref. RB                                            | CUSIP: 852297CD0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002419.90   | 0.01%             | 2046-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Hmong College Prep Academy)                                                                | St. Paul (City of), MN Housing & Redevelopment Authority (Hmong College Prep Academy), Series 2016, Ref. RB                                            | CUSIP: 852297CE8<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3559291.42   | 0.05%             | 2051-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Kaizen Education Foundation)                                                                    | Arizona (State of) Industrial Development Authority (Kaizen Education Foundation), Series 2016, RB                                                     | CUSIP: 04052BAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9730000 | PA      | $9751561.68   | 0.14%             | 2047-07-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Kaizen Education Foundation)                                                                    | Arizona (State of) Industrial Development Authority (Kaizen Education Foundation), Series 2016, RB                                                     | CUSIP: 04052BAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4920000 | PA      | $4929625.49   | 0.07%             | 2052-07-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Phoenix (City of), AZ Industrial Development Authority (Basis Schools) (The)                                                                         | Phoenix (City of), AZ Industrial Development Authority (Basis Schools) (The), Series 2016 A, Ref. RB                                                   | CUSIP: 71885FEC7<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1414839.45   | 0.02%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home)                                                                | Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home), Series 2017 A, RB                                               | CUSIP: 87638RHM2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  25055000 | PA      | $19793450.00  | 0.28%             | 2052-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home)                                                                | Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home), Series 2017 A, RB                                               | CUSIP: 87638RHT7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  27110000 | PA      | $21416900.00  | 0.31%             | 2048-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Westchester Tobacco Asset Securitization Corp.                                                                                                       | Westchester Tobacco Asset Securitization Corp., Series 2016 C, Ref. RB                                                                                 | CUSIP: 957480BU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9405000 | PA      | $7980051.27   | 0.11%             | 2051-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Roeland Park (City of), KS (TDD No. 1)                                                                                                               | Roeland Park (City of), KS (TDD No. 1), Series 2006 A, RB                                                                                              | CUSIP: 77501PAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    173212 | PA      | $126444.97    | 0.00%             | 2025-12-01      | Fixed         | 5.88%                 | No            |                  3 | On Loan: No      |
| Tulsa (City of), OK Airports Improvement Trust                                                                                                       | Tulsa (City of), OK Airports Improvement Trust, Series 2000 A, Ref. RB                                                                                 | CUSIP: 899661EH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18625000 | PA      | $18639020.90  | 0.27%             | 2035-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL                                                                                                                                | Chicago (City of), IL, Series 2017 A, Ref. GO Bonds                                                                                                    | CUSIP: 167486ZY8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |  64150000 | PA      | $65429888.73  | 0.94%             | 2038-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Anoka (City of), MN (The Homestead at Anoka, Inc.)                                                                                                   | Anoka (City of), MN (The Homestead at Anoka, Inc.), Series 2017, Ref. RB                                                                               | CUSIP: 036327AH7<br>LEI: 549300R336CIYVDY0N47 | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3517284.38   | 0.05%             | 2046-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Salt Lake City (City of), UT                                                                                                                         | Salt Lake City (City of), UT, Series 2017 A, RB                                                                                                        | CUSIP: 795576FY8<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15054900.00  | 0.22%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights)                                                                           | Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights), Series 2017 A, Ref. RB                                                     | CUSIP: 497609BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3285000 | PA      | $3289109.54   | 0.05%             | 2037-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights)                                                                           | Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights), Series 2017 A, Ref. RB                                                     | CUSIP: 497609BE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $957530.40    | 0.01%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights)                                                                           | Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights), Series 2017 A, Ref. RB                                                     | CUSIP: 497609BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16750000 | PA      | $14833789.95  | 0.21%             | 2050-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Palm Bay Academy, Inc.)                                                                                           | Florida Development Finance Corp. (Palm Bay Academy, Inc.), Series 2017, Ref. RB                                                                       | CUSIP: 340618CP0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2655000 | PA      | $2430296.73   | 0.03%             | 2037-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Palm Bay Academy, Inc.)                                                                                           | Florida Development Finance Corp. (Palm Bay Academy, Inc.), Series 2017, Ref. RB                                                                       | CUSIP: 340618CT2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    970000 | PA      | $9.70         | 0.00%             | 2037-05-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Palm Bay Academy, Inc.)                                                                                           | Florida Development Finance Corp. (Palm Bay Academy, Inc.), Series 2017, Ref. RB                                                                       | CUSIP: 340618CR6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $126500.00    | 0.00%             | 2037-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Basis Schools)                                                                                  | Arizona (State of) Industrial Development Authority (Basis Schools), Series 2017 A, Ref. RB                                                            | CUSIP: 04052BAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1182646.03   | 0.02%             | 2037-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Bayview Manor Homes)                                                                               | Washington (State of) Housing Finance Commission (Bayview Manor Homes), Series 2016 A, Ref. RB                                                         | CUSIP: 939783TB2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1464724.56   | 0.02%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gardens on Havana Metropolitan District No. 3 (The)                                                                                                  | Gardens on Havana Metropolitan District No. 3 (The), Series 2017 B, RB                                                                                 | CUSIP: 365491AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    299000 | PA      | $299094.51    | 0.00%             | 2047-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Rockland Tobacco Asset Securitization Corp.                                                                                                          | Rockland Tobacco Asset Securitization Corp., Series 2005 C, RB                                                                                         | CUSIP: 773684AP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 368350000 | PA      | $26956295.02  | 0.39%             | 2060-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Nassau County Tobacco Settlement Corp.                                                                                                               | Nassau County Tobacco Settlement Corp., Series 2006 B, RB                                                                                              | CUSIP: 63166MCC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 105990000 | PA      | $31357809.24  | 0.45%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Delray Beach Radiation Therapy Center)                                                                | Wisconsin (State of) Public Finance Authority (Delray Beach Radiation Therapy Center), Series 2017 A, RB                                               | CUSIP: 74442PDC6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2525000 | PA      | $1388750.00   | 0.02%             | 2028-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Delray Beach Radiation Therapy Center)                                                                | Wisconsin (State of) Public Finance Authority (Delray Beach Radiation Therapy Center), Series 2017 A, RB                                               | CUSIP: 74442PDE2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  34350000 | PA      | $18892500.00  | 0.27%             | 2046-11-01      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Mary's Woods at Marylhurst)                                                                           | Wisconsin (State of) Public Finance Authority (Mary's Woods at Marylhurst), Series 2017 A, Ref. RB                                                     | CUSIP: 74443UBB8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2176619.87   | 0.03%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Mary's Woods at Marylhurst)                                                                           | Wisconsin (State of) Public Finance Authority (Mary's Woods at Marylhurst), Series 2017 A, Ref. RB                                                     | CUSIP: 74443UBC6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2185310.50   | 0.03%             | 2052-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (4-K Housing, Inc.-Stoney Brook)                                                                | New Hope Cultural Education Facilities Finance Corp. (4-K Housing, Inc.-Stoney Brook), Series 2017 C, RB                                               | CUSIP: 64542PEM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $483000.00    | 0.01%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Montgomery Place)                                                                                             | Illinois (State of) Finance Authority (Montgomery Place), Series 2017, Ref. RB                                                                         | CUSIP: 45204ETD0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   6415000 | PA      | $6291717.17   | 0.09%             | 2037-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Montgomery Place)                                                                                             | Illinois (State of) Finance Authority (Montgomery Place), Series 2017, Ref. RB                                                                         | CUSIP: 45204ETE8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  12770000 | PA      | $10652381.55  | 0.15%             | 2048-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2013 A, RB                                                                              | CUSIP: 74526QA77<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   4030000 | PA      | $2690025.00   | 0.04%             | 2033-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2012 A, RB                                                                              | CUSIP: 74526QZX3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2260000 | PA      | $1508550.00   | 0.02%             | 2029-07-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Kalispell (City of), MT (Immanuel Lutheran Corp.)                                                                                                    | Kalispell (City of), MT (Immanuel Lutheran Corp.), Series 2017, Ref. RB                                                                                | CUSIP: 48342YAP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005144.50   | 0.01%             | 2037-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kalispell (City of), MT (Immanuel Lutheran Corp.)                                                                                                    | Kalispell (City of), MT (Immanuel Lutheran Corp.), Series 2017, Ref. RB                                                                                | CUSIP: 48342YAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3395000 | PA      | $3161246.78   | 0.05%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Centerra Metropolitan District No. 1 (In the City of Loveland)                                                                                       | Centerra Metropolitan District No. 1 (In the City of Loveland), Series 2017, RB                                                                        | CUSIP: 15200XAG8<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |    500000 | PA      | $497701.30    | 0.01%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (American Charter Schools Foundation)                                                            | Arizona (State of) Industrial Development Authority (American Charter Schools Foundation), Series 2017, Ref. RB                                        | CUSIP: 04052BAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15237514.50  | 0.22%             | 2047-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Howard (County of), MD (Vantage House Facility)                                                                                                      | Howard (County of), MD (Vantage House Facility), Series 2016, Ref. RB                                                                                  | CUSIP: 442593AY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2710000 | PA      | $2415459.86   | 0.03%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westchester (County of), NY Industrial Development Agency (Million Air Two LLC General Aviation Facilities)                                          | Westchester (County of), NY Industrial Development Agency (Million Air Two LLC General Aviation Facilities), Series 2017 A, RB                         | CUSIP: 95737MAA9<br>LEI: 549300YOPFLG4RJ5YO58 | Long             | DBT              | MUN               | US        |  51990000 | PA      | $54132315.54  | 0.77%             | 2046-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Million Air Two LLC General Aviation Facilities)                                                      | Wisconsin (State of) Public Finance Authority (Million Air Two LLC General Aviation Facilities), Series 2017 A, RB                                     | CUSIP: 74446DAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  11065000 | PA      | $11659451.63  | 0.17%             | 2035-06-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| North Range Metropolitan District No. 2                                                                                                              | North Range Metropolitan District No. 2, Series 2017 B, GO Bonds                                                                                       | CUSIP: 66176MAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1170094.30   | 0.02%             | 2047-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Buckner Senior Living - Ventana)                                                         | Tarrant County Cultural Education Facilities Finance Corp. (Buckner Senior Living - Ventana), Series 2017, RB                                          | CUSIP: 87638RJE8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    965000 | PA      | $971854.97    | 0.01%             | 2052-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Buckner Senior Living - Ventana)                                                         | Tarrant County Cultural Education Facilities Finance Corp. (Buckner Senior Living - Ventana), Series 2017, RB                                          | CUSIP: 87638RJD0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  13125000 | PA      | $13230102.38  | 0.19%             | 2047-11-15      | Fixed         | 6.75%                 | 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: 13048T4P5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   9635000 | PA      | $9651342.89   | 0.14%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cuyahoga (County of), OH (MetroHealth System)                                                                                                        | Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB                                                                                    | CUSIP: 2322655S3<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5386197.30   | 0.08%             | 2047-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands)                                                                        | Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands), Series 2017, RB                                                         | CUSIP: 74446EAB2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  15590000 | PA      | $12004300.00  | 0.17%             | 2031-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands)                                                                        | Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands), Series 2017, RB                                                         | CUSIP: 74446EAA4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1240000.00   | 0.02%             | 2027-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TSASC, Inc.                                                                                                                                          | TSASC, Inc., Series 2016 B, Ref. RB                                                                                                                    | CUSIP: 898526FR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23395000 | PA      | $20613486.57  | 0.29%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp. (Tapestry Charter School)                                                                    | Buffalo & Erie County Industrial Land Development Corp. (Tapestry Charter School), Series 2017 A, RB                                                   | CUSIP: 11943KDD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $750260.95    | 0.01%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp. (Tapestry Charter School)                                                                    | Buffalo & Erie County Industrial Land Development Corp. (Tapestry Charter School), Series 2017 A, RB                                                   | CUSIP: 11943KDB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1334515.75   | 0.02%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp. (Tapestry Charter School)                                                                    | Buffalo & Erie County Industrial Land Development Corp. (Tapestry Charter School), Series 2017 A, RB                                                   | CUSIP: 11943KDC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4290000 | PA      | $4161042.17   | 0.06%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia (Ingleside at Rock Creek)                                                                                                       | District of Columbia (Ingleside at Rock Creek), Series 2017 A, RB                                                                                      | CUSIP: 25483VSE5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1380648.74   | 0.02%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia (Ingleside at Rock Creek)                                                                                                       | District of Columbia (Ingleside at Rock Creek), Series 2017 A, RB                                                                                      | CUSIP: 25483VSG0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   9485000 | PA      | $8807193.36   | 0.13%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated Group)                                             | Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated Group), Series 2017, Ref. RB                         | CUSIP: 717824AR7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2930000 | PA      | $2653190.01   | 0.04%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Million Air Two LLC General Aviation Facilities)                                                      | Wisconsin (State of) Public Finance Authority (Million Air Two LLC General Aviation Facilities), Series 2017, Ref. RB                                  | CUSIP: 74446DAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   9840000 | PA      | $10247403.55  | 0.15%             | 2041-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                           | Miami-Dade (County of), FL, Series 2017 B, Ref. RB                                                                                                     | CUSIP: 59333PZ92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8900000 | PA      | $9008685.91   | 0.13%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group)                               | Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group), Series 2017, Ref. RB           | CUSIP: 97712DZE9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   5820000 | PA      | $3955010.10   | 0.06%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group)                               | Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group), Series 2017, Ref. RB           | CUSIP: 97712DZF6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2355000 | PA      | $1535548.78   | 0.02%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockville (City of), MD (Ingleside at King Farm)                                                                                                     | Rockville (City of), MD (Ingleside at King Farm), Series 2017 B, RB                                                                                    | CUSIP: 774223BV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2034264.33   | 0.03%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO (United Airlines, Inc.)                                                                                                | Denver (City & County of), CO (United Airlines, Inc.), Series 2017, Ref. RB                                                                            | CUSIP: 249271GV3<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |  15740000 | PA      | $15757244.74  | 0.23%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monongalia (County of), WV Commission Special District (University Town Centre Economic Opportunity Development District)                            | Monongalia (County of), WV Commission Special District (University Town Centre Economic Opportunity Development District), Series 2017 A, Ref. RB      | CUSIP: 61022CAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7076465.20   | 0.10%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Basis Schools)                                                                                  | Arizona (State of) Industrial Development Authority (Basis Schools), Series 2017 D, Ref. RB                                                            | CUSIP: 04052BCS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3027712.05   | 0.04%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nevada (State of) Department of Business & Industry (Fulcrum Sierra Biofuels, LLC) (Green Bonds)                                                     | Nevada (State of) Department of Business & Industry (Fulcrum Sierra Biofuels, LLC) (Green Bonds), Series 2017, RB                                      | CUSIP: 25461PAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780952 | PA      | $7.81         | 0.00%             | 2037-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Amber Creek Metropolitan District                                                                                                                    | Amber Creek Metropolitan District, Series 2017 B, GO Bonds                                                                                             | CUSIP: 02320AAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    463000 | PA      | $463820.39    | 0.01%             | 2025-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Memphis (City of) & Shelby (County of), TN Economic Development Growth Engine Industrial Development Board (Graceland)                               | Memphis (City of) & Shelby (County of), TN Economic Development Growth Engine Industrial Development Board (Graceland), Series 2017 A, Ref. RB         | CUSIP: 58611YAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $188771.75    | 0.00%             | 2037-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Memphis (City of) & Shelby (County of), TN Economic Development Growth Engine Industrial Development Board (Graceland)                               | Memphis (City of) & Shelby (County of), TN Economic Development Growth Engine Industrial Development Board (Graceland), Series 2017 A, Ref. RB         | CUSIP: 58611YAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $513586.13    | 0.01%             | 2046-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (Transform 66 P3)                                                                      | Virginia (Commonwealth of) Small Business Financing Authority (Transform 66 P3), Series 2017, RB                                                       | CUSIP: 928097AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9150000 | PA      | $8899247.91   | 0.13%             | 2052-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (Transform 66 P3)                                                                      | Virginia (Commonwealth of) Small Business Financing Authority (Transform 66 P3), Series 2017, RB                                                       | CUSIP: 928097AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7707591.20   | 0.11%             | 2056-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (WhiteStone)                                                                                           | Wisconsin (State of) Public Finance Authority (WhiteStone), Series 2017, Ref. RB                                                                       | CUSIP: 74444VAD2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2013618.72   | 0.03%             | 2052-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes)                                                                       | South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes), Series 2017, Ref. RB                                                   | CUSIP: 837033KU2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $224997.58    | 0.00%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion)                                                             | Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2017 B, Ref. RB                                       | CUSIP: 592250CZ5<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1188577.00   | 0.02%             | 2054-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Glynn (County of) & Brunswick (City of), GA Memorial Hospital Authority (Southeast Georgia Health System)                                            | Glynn (County of) & Brunswick (City of), GA Memorial Hospital Authority (Southeast Georgia Health System), Series 2017, RAC                            | CUSIP: 380037GS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8220000 | PA      | $8128752.25   | 0.12%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Alabama Proton Therapy Center)                                                                        | Wisconsin (State of) Public Finance Authority (Alabama Proton Therapy Center), Series 2017 A, RB                                                       | CUSIP: 74442PEV3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  25735000 | PA      | $2573500.00   | 0.04%             | 2047-10-01      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Alabama Proton Therapy Center)                                                                        | Wisconsin (State of) Public Finance Authority (Alabama Proton Therapy Center), Series 2017 A, RB                                                       | CUSIP: 74442PEU5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3475000 | PA      | $347500.00    | 0.00%             | 2031-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Alabama Proton Therapy Center)                                                                        | Wisconsin (State of) Public Finance Authority (Alabama Proton Therapy Center), Series 2017 A, RB                                                       | CUSIP: 74442PEW1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $125000.00    | 0.00%             | 2047-10-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.)                                                                 | Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.), Series 2017, Ref. RB                                             | CUSIP: 57584X4P3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |  10210000 | PA      | $9879003.03   | 0.14%             | 2057-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project (No. 3)                                                                                                                | Central Plains Energy Project (No. 3), Series 2017 A, Ref. RB                                                                                          | CUSIP: 154871CP0<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2687530.25   | 0.04%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TSASC, Inc.                                                                                                                                          | TSASC, Inc., Series 2016 B, Ref. RB                                                                                                                    | CUSIP: 898526FQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9325000 | PA      | $8293963.66   | 0.12%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Longhorn Village)                                                                              | New Hope Cultural Education Facilities Finance Corp. (Longhorn Village), Series 2017, Ref. RB                                                          | CUSIP: 64542UDX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7790000 | PA      | $7599103.71   | 0.11%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Sarasota-Manatee Jewish Housing Council, Inc.)                                                                           | Capital Trust Agency, Inc. (Sarasota-Manatee Jewish Housing Council, Inc.), Series 2017, Ref. RB                                                       | CUSIP: 14054TAH5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $872269.30    | 0.01%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Sarasota-Manatee Jewish Housing Council, Inc.)                                                                           | Capital Trust Agency, Inc. (Sarasota-Manatee Jewish Housing Council, Inc.), Series 2017, Ref. RB                                                       | CUSIP: 14054TAJ1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    600000 | PA      | $443280.00    | 0.01%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus)                                                                      | Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus), Series 2017, Ref. RB                                                  | CUSIP: 378286JD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $961875.92    | 0.01%             | 2027-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus)                                                                      | Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus), Series 2017, Ref. RB                                                  | CUSIP: 378286JK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2845000 | PA      | $2427135.50   | 0.03%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus)                                                                      | Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus), Series 2017, Ref. RB                                                  | CUSIP: 378286JN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4695000 | PA      | $3516666.74   | 0.05%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus)                                                                      | Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus), Series 2017, Ref. RB                                                  | CUSIP: 378286JM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4985000 | PA      | $4048620.09   | 0.06%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Basis Schools)                                                                                  | Arizona (State of) Industrial Development Authority (Basis Schools), Series 2017 G, Ref. RB                                                            | CUSIP: 04052BEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $917488.50    | 0.01%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dalton Whitfield (County of), GA Joint Development Authority (Hamilton Health Care System)                                                           | Dalton Whitfield (County of), GA Joint Development Authority (Hamilton Health Care System), Series 2017, RB                                            | CUSIP: 235641AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6418081.60   | 0.09%             | 2048-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group)                                                         | South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group), Series 2017, Ref. RB                                     | CUSIP: 838810EF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3135946.80   | 0.04%             | 2047-08-15      | Fixed         | 4.00%                 | 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        |   5415000 | PA      | $5504296.60   | 0.08%             | 2043-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.)                                                                    | Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.), Series 2018 A, RB                                                   | CUSIP: 74442PFT7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  17025000 | PA      | $17445251.91  | 0.25%             | 2037-12-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.)                                                                    | Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.), Series 2018 A, RB                                                   | CUSIP: 74442PFU4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  33765000 | PA      | $34157646.43  | 0.49%             | 2045-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Delray Beach Radiation Therapy Center)                                                                | Wisconsin (State of) Public Finance Authority (Delray Beach Radiation Therapy Center), Series 2017 B, RB                                               | CUSIP: 74442PDF9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $4000.00      | 0.00%             | 2046-11-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated Group)                                             | Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated Group), Series 2017, Ref. RB                         | CUSIP: 717824AP1<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   6120000 | PA      | $6127719.16   | 0.09%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) International Center Metropolitan District No. 14                                                                                | Colorado (State of) International Center Metropolitan District No. 14, Series 2018, GO Bonds                                                           | CUSIP: 196502AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13500000 | PA      | $13512383.55  | 0.19%             | 2046-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                                   | Tobacco Settlement Financing Corp., Series 2018 B, Ref. RB                                                                                             | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11255000 | PA      | $10943919.68  | 0.16%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Explore Academy)                                                                                      | Wisconsin (State of) Public Finance Authority (Explore Academy), Series 2018 A, RB                                                                     | CUSIP: 74443DCL3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6620000 | PA      | $6552755.36   | 0.09%             | 2048-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Granby Ranch Metropolitan District                                                                                                                   | Granby Ranch Metropolitan District, Series 2018, Ref. GO Bonds                                                                                         | CUSIP: 385184AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5490000 | PA      | $5429610.55   | 0.08%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust V                                                                                                                    | New York Counties Tobacco Trust V, Series 2005 S-3, RB                                                                                                 | CUSIP: 649441AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 268000000 | PA      | $22291141.20  | 0.32%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Cameron (Parish of), LA Gomesa) (Green Bonds)      | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Cameron (Parish of), LA Gomesa) (Green Bonds), Serie | CUSIP: 54628CER9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   2680000 | PA      | $2803896.13   | 0.04%             | 2037-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust V                                                                                                                    | New York Counties Tobacco Trust V, Series 2005 S-2, RB                                                                                                 | CUSIP: 649441AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  45500000 | PA      | $6933385.55   | 0.10%             | 2050-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Buffalo Ridge Metropolitan District                                                                                                                  | Buffalo Ridge Metropolitan District, Series 2018 B, GO Bonds                                                                                           | CUSIP: 119802AF3<br>LEI: 549300NCEVFYCC5JD730 | Long             | DBT              | MUN               | US        |   1282500 | PA      | $1285347.15   | 0.02%             | 2047-12-15      | Fixed         | 7.38%                 | 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: 13048VCD8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3560000 | PA      | $3572270.25   | 0.05%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reno (City of), NV (ReTRAC - Reno Transportation Rail Access Corridor)                                                                               | Reno (City of), NV (ReTRAC - Reno Transportation Rail Access Corridor), Series 2018 C, Ref. RB                                                         | CUSIP: 759861EJ2<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |  22500000 | PA      | $3684426.75   | 0.05%             | 2058-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Reno (City of), NV (ReTRAC - Reno Transportation Rail Access Corridor)                                                                               | Reno (City of), NV (ReTRAC - Reno Transportation Rail Access Corridor), Series 2018 D, Ref. RB                                                         | CUSIP: 759861EK9<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $1539859.10   | 0.02%             | 2058-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Denver Gateway Center Metropolitan District                                                                                                          | Denver Gateway Center Metropolitan District, Series 2018 B, GO Bonds                                                                                   | CUSIP: 24918HAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1806211.09   | 0.03%             | 2048-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Southminster)                                                                                         | Wisconsin (State of) Public Finance Authority (Southminster), Series 2018, RB                                                                          | CUSIP: 74444VAH3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   8350000 | PA      | $7817305.91   | 0.11%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Rossy & Richard Shaller Family Sholom East Campus)                                         | St. Paul (City of), MN Housing & Redevelopment Authority (Rossy & Richard Shaller Family Sholom East Campus), Series 2018, Ref. RB                     | CUSIP: 792893HG7<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1080210.09   | 0.02%             | 2038-10-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Rossy & Richard Shaller Family Sholom East Campus)                                         | St. Paul (City of), MN Housing & Redevelopment Authority (Rossy & Richard Shaller Family Sholom East Campus), Series 2018, Ref. RB                     | CUSIP: 792893HJ1<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1227953.25   | 0.02%             | 2048-10-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| North Holly Metropolitan District                                                                                                                    | North Holly Metropolitan District, Series 2018 B, GO Bonds                                                                                             | CUSIP: 659890AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1017564.19   | 0.01%             | 2048-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Grandview (City of), MO Industrial Development Authority (Grandview Crossing)                                                                        | Grandview (City of), MO Industrial Development Authority (Grandview Crossing), Series 2006, RB                                                         | CUSIP: 386781AX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $800000.00    | 0.01%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| Buffalo Highlands Metropolitan District                                                                                                              | Buffalo Highlands Metropolitan District, Series 2018 B, GO Bonds                                                                                       | CUSIP: 119541AC4<br>LEI: 549300NCEVFYCC5JD730 | Long             | DBT              | MUN               | US        |   1226000 | PA      | $1226064.24   | 0.02%             | 2046-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay)                                                                      | Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay), Series 2018, Ref. RB                                                  | CUSIP: 92774NAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $1929491.62   | 0.03%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center)                                             | California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center), Series 2018 A, RB                            | CUSIP: 13080SVN1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |  24340000 | PA      | $24458686.71  | 0.35%             | 2058-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 ZZ, Ref. RB                                                                        | CUSIP: 74526QXR8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    875000 | PA      | $584062.50    | 0.01%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 CCC, RB                                                                            | CUSIP: 74526QYQ9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    325000 | PA      | $216125.00    | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 ZZ, Ref. RB                                                                        | CUSIP: 74526QXP2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     65000 | PA      | $43225.00     | 0.00%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 TT, RB                                                                             | CUSIP: 74526QKU5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   6685000 | PA      | $4462237.50   | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center)                                                                     | Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center), Series 2018 A-1, RB                                                  | CUSIP: 74442PJU0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $4950000.00   | 0.07%             | 2038-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center)                                                                     | Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center), Series 2018 A-1, RB                                                  | CUSIP: 74442PJV8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  16520000 | PA      | $7434000.00   | 0.11%             | 2048-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (Truman Medical Center, Inc.)                                                          | Missouri (State of) Health & Educational Facilities Authority (Truman Medical Center, Inc.), Series 2017 B, RB                                         | CUSIP: 60636APU1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   4870000 | PA      | $4363470.81   | 0.06%             | 2042-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Trousdale Foundation Properties) | Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Trousdale Foundation Properties),  | CUSIP: 59212TAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11807708 | PA      | $147596.34    | 0.00%             | 2038-04-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Trousdale Foundation Properties) | Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Trousdale Foundation Properties),  | CUSIP: 59212TAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15399632 | PA      | $192495.40    | 0.00%             | 2049-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.)                                                                        | Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.), Series 2018, Ref. RB                                                    | CUSIP: 353273BX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4567238.88   | 0.07%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), OH (Trousdale Foundation Properties)                                                                                         | Montgomery (County of), OH (Trousdale Foundation Properties), Series 2018 A, RB                                                                        | CUSIP: 613554AF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5770893 | PA      | $72136.16     | 0.00%             | 2038-04-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Montgomery (County of), OH (Trousdale Foundation Properties)                                                                                         | Montgomery (County of), OH (Trousdale Foundation Properties), Series 2018 A, RB                                                                        | CUSIP: 613554AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1678877 | PA      | $20985.97     | 0.00%             | 2049-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.)                                                                        | Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.), Series 2018, Ref. RB                                                    | CUSIP: 353273BW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1753048.50   | 0.03%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Highlands (County of), FL Health Facilities Authority (Trousdale Foundation Properties)                                                              | Highlands (County of), FL Health Facilities Authority (Trousdale Foundation Properties), Series 2018 A, RB                                             | CUSIP: 43102XAH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11097261 | PA      | $138715.76    | 0.00%             | 2049-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Niagara Area Development Corp. (Covanta)                                                                                                             | Niagara Area Development Corp. (Covanta), Series 2018 A, Ref. RB                                                                                       | CUSIP: 653542AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8285000 | PA      | $7435963.97   | 0.11%             | 2042-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Covanta)                                                                                        | New Hampshire (State of) Business Finance Authority (Covanta), Series 2018 C, Ref. RB                                                                  | CUSIP: 63607YAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6832301.25   | 0.10%             | 2042-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Convention Center Public Facilities District                                                                                   | Washington (State of) Convention Center Public Facilities District, Series 2018, RB                                                                    | CUSIP: 93976ABJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  29500000 | PA      | $29506363.15  | 0.42%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 TT, RB                                                                             | CUSIP: 74526QKV3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $1568625.00   | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Irvington Community School)                                                                                    | Indiana (State of) Finance Authority (Irvington Community School), Series 2018 A, Ref. RB                                                              | CUSIP: 45506DP82<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000028.80   | 0.01%             | 2038-07-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Irvington Community School)                                                                                    | Indiana (State of) Finance Authority (Irvington Community School), Series 2018 A, Ref. RB                                                              | CUSIP: 45506DP90<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2680237.45   | 0.04%             | 2048-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North)                                                                    | New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North), Series 2018, Ref. RB                                                | CUSIP: 64542UEV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12840000 | PA      | $12104121.62  | 0.17%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus)                                                                      | Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus), Series 2018, RB                                                       | CUSIP: 378286JU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5970000 | PA      | $4181986.79   | 0.06%             | 2053-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North)                                                                    | New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North), Series 2018, Ref. RB                                                | CUSIP: 64542UEU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2971268.10   | 0.04%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp. (Brazos Presbyterian Homes, Inc.)                                                          | Harris County Cultural Education Facilities Finance Corp. (Brazos Presbyterian Homes, Inc.), Series 2016, Ref. RB                                      | CUSIP: 414009LE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4280000 | PA      | $4104740.42   | 0.06%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sarasota (County of), FL Public Hospital District (Sarasota Memorial Hospital)                                                                       | Sarasota (County of), FL Public Hospital District (Sarasota Memorial Hospital), Series 2018, RB                                                        | CUSIP: 803301DK3<br>LEI: 549300JY4SF4DU1YDF85 | Long             | DBT              | MUN               | US        |  37680000 | PA      | $34061774.23  | 0.49%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Salemtowne Project)                                                                               | North Carolina (State of) Medical Care Commission (Salemtowne Project), Series 2018 A, RB                                                              | CUSIP: 65820YPM2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1471270.43   | 0.02%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Salemtowne Project)                                                                               | North Carolina (State of) Medical Care Commission (Salemtowne Project), Series 2018 A, RB                                                              | CUSIP: 65820YPP5<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   5055000 | PA      | $4455447.18   | 0.06%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts)                                                                                       | Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts), Series 2018 A, RB                                                                      | CUSIP: 509893AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2121921.45   | 0.03%             | 2048-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts)                                                                                       | Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts), Series 2018 A, RB                                                                      | CUSIP: 509893AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2030000 | PA      | $1944562.58   | 0.03%             | 2053-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| St. Louis (County of), MO Industrial Development Authority (Friendship Village West County)                                                          | St. Louis (County of), MO Industrial Development Authority (Friendship Village West County), Series 2018 A, RB                                         | CUSIP: 791524CN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6720000 | PA      | $6657810.43   | 0.10%             | 2048-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| St. Louis (County of), MO Industrial Development Authority (Friendship Village West County)                                                          | St. Louis (County of), MO Industrial Development Authority (Friendship Village West County), Series 2018 A, RB                                         | CUSIP: 791524CP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3856656.57   | 0.06%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| St. Louis (County of), MO Industrial Development Authority (Friendship Village West County)                                                          | St. Louis (County of), MO Industrial Development Authority (Friendship Village West County), Series 2018 A, RB                                         | CUSIP: 791524CQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6475000 | PA      | $6391664.81   | 0.09%             | 2049-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Millsboro (Town of), DE (Plantation Lakes Special Development District)                                                                              | Millsboro (Town of), DE (Plantation Lakes Special Development District), Series 2018, Ref. RB                                                          | CUSIP: 601266AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7962000 | PA      | $8008408.11   | 0.11%             | 2038-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Millsboro (Town of), DE (Plantation Lakes Special Development District)                                                                              | Millsboro (Town of), DE (Plantation Lakes Special Development District), Series 2018, Ref. RB                                                          | CUSIP: 601266AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4090000 | PA      | $4015590.22   | 0.06%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Terrebonne (Parish of), LA Gomesa)                 | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Terrebonne (Parish of), LA Gomesa), Series 2018 A, R | CUSIP: 54628CES7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1187499.54   | 0.02%             | 2039-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Banning Lewis Ranch Metropolitan District No. 4                                                                                                      | Banning Lewis Ranch Metropolitan District No. 4, Series 2018 A, GO Bonds                                                                               | CUSIP: 066637AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4832000 | PA      | $4841246.03   | 0.07%             | 2048-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Banning Lewis Ranch Metropolitan District No. 4                                                                                                      | Banning Lewis Ranch Metropolitan District No. 4, Series 2018 B, GO Bonds                                                                               | CUSIP: 066637AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1206000 | PA      | $1209097.01   | 0.02%             | 2048-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Banning Lewis Ranch Regional Metropolitan District No. 1                                                                                             | Banning Lewis Ranch Regional Metropolitan District No. 1, Series 2018 A, GO Bonds                                                                      | CUSIP: 066639AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2443345.75   | 0.03%             | 2048-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Banning Lewis Ranch Regional Metropolitan District No. 1                                                                                             | Banning Lewis Ranch Regional Metropolitan District No. 1, Series 2018 B, GO Bonds                                                                      | CUSIP: 066639AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50137.89     | 0.00%             | 2041-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC)                                                                 | West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC), Series 2018, RB                                                  | CUSIP: 95648VBD0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $1350000.00   | 0.02%             | 2036-02-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Banning Lewis Ranch Metropolitan District No. 5                                                                                                      | Banning Lewis Ranch Metropolitan District No. 5, Series 2018 A, GO Bonds                                                                               | CUSIP: 066638AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2169142.73   | 0.03%             | 2048-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Banning Lewis Ranch Metropolitan District No. 5                                                                                                      | Banning Lewis Ranch Metropolitan District No. 5, Series 2018 B, GO Bonds                                                                               | CUSIP: 066638AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    511000 | PA      | $512312.25    | 0.01%             | 2048-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Livingston (Parish of), LA Gomesha) (Green Bonds)  | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Livingston (Parish of), LA Gomesha) (Green Bonds), S | CUSIP: 54628CGA4<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    375000 | PA      | $388551.08    | 0.01%             | 2038-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                             | Chicago (City of), IL Board of Education, Series 2018 D, GO Bonds                                                                                      | CUSIP: 167505WC6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |  19170000 | PA      | $17237405.21  | 0.25%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duluth (City of), MN Economic Development Authority (Essentia Health Obligated Group)                                                                | Duluth (City of), MN Economic Development Authority (Essentia Health Obligated Group), Series 2018 A, Ref. RB                                          | CUSIP: 26444CHE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3025369.50   | 0.04%             | 2053-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Mater Academy of Nevada Mountain Vista Campus Project)                                          | Arizona (State of) Industrial Development Authority (Mater Academy of Nevada Mountain Vista Campus Project), Series 2018 A, RB                         | CUSIP: 04052BGZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1018627.81   | 0.01%             | 2038-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Mater Academy of Nevada Mountain Vista Campus Project)                                          | Arizona (State of) Industrial Development Authority (Mater Academy of Nevada Mountain Vista Campus Project), Series 2018 A, RB                         | CUSIP: 04052BHA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3265000 | PA      | $3176972.66   | 0.05%             | 2048-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (High Point Academy Project)                                                           | South Carolina (State of) Jobs-Economic Development Authority (High Point Academy Project), Series 2018 A, RB                                          | CUSIP: 83704MAM8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1764813.00   | 0.03%             | 2049-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (South Carolina Episcopal Home at Still Hopes)                                         | South Carolina (State of) Jobs-Economic Development Authority (South Carolina Episcopal Home at Still Hopes), Series 2018 A, Ref. RB                   | CUSIP: 83704CAY4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1023170.84   | 0.01%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Higher Ground Academy)                                                                     | St. Paul (City of), MN Housing & Redevelopment Authority (Higher Ground Academy), Series 2018, RB                                                      | CUSIP: 852297CS7<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   7560000 | PA      | $7208003.38   | 0.10%             | 2049-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Vadnais Heights (City of), MN (Agriculture & Food Sciences Academy)                                                                                  | Vadnais Heights (City of), MN (Agriculture & Food Sciences Academy), Series 2018 A, Ref. RB                                                            | CUSIP: 91873TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3210000 | PA      | $2456785.06   | 0.04%             | 2038-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Vadnais Heights (City of), MN (Agriculture & Food Sciences Academy)                                                                                  | Vadnais Heights (City of), MN (Agriculture & Food Sciences Academy), Series 2018 A, Ref. RB                                                            | CUSIP: 91873TAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $3220843.05   | 0.05%             | 2048-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Vadnais Heights (City of), MN (Agriculture & Food Sciences Academy)                                                                                  | Vadnais Heights (City of), MN (Agriculture & Food Sciences Academy), Series 2018 A, Ref. RB                                                            | CUSIP: 91873TAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4315000 | PA      | $3211416.74   | 0.05%             | 2053-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Vadnais Heights (City of), MN (Agriculture & Food Sciences Academy)                                                                                  | Vadnais Heights (City of), MN (Agriculture & Food Sciences Academy), Series 2018 B, Ref. RB                                                            | CUSIP: 91873TAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $230000.00    | 0.00%             | 2026-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| St. Louis Park (City of), MN (Place Via Sol Project)                                                                                                 | St. Louis Park (City of), MN (Place Via Sol Project), Series 2018, RB                                                                                  | CUSIP: 85233GAA2<br>LEI: 549300F6X6Q4H3ALF786 | Long             | DBT              | MUN               | US        |  25778941 | PA      | $2577894.13   | 0.04%             | 2027-07-01      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 ZZ, Ref. RB                                                                        | CUSIP: 74526QWU2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    340000 | PA      | $226100.00    | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                                        | Denver (City & County of), CO, Series 2018 A, Ref. RB                                                                                                  | CUSIP: 249182LW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10063467.00  | 0.14%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.)                                                                            | Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.), Series 2002, RB                                                             | CUSIP: 451916AH3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4020000 | PA      | $4025359.87   | 0.06%             | 2032-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Inland Empire Tobacco Securitization Corp.                                                                                                           | Inland Empire Tobacco Securitization Corp., Series 2007 F, RB                                                                                          | CUSIP: 45734TAH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  99650000 | PA      | $4996999.08   | 0.07%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 XX, RB                                                                             | CUSIP: 74526QWC2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    385000 | PA      | $256987.50    | 0.00%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fort Wayne (City of), IN (Silver Birch of Fort Wayne)                                                                                                | Fort Wayne (City of), IN (Silver Birch of Fort Wayne), Series 2017, RB                                                                                 | CUSIP: 34926RAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4665000 | PA      | $4408916.69   | 0.06%             | 2038-01-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Floyd (County of), GA Development Authority (The Spires at Berry College)                                                                            | Floyd (County of), GA Development Authority (The Spires at Berry College), Series 2018 A, RB                                                           | CUSIP: 343572AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999886.60   | 0.03%             | 2048-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust IV                                                                                                                   | New York Counties Tobacco Trust IV, Series 2005 F, RB                                                                                                  | CUSIP: 62947YAK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  50000000 | PA      | $2374515.00   | 0.03%             | 2060-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 ZZ, Ref. RB                                                                        | CUSIP: 74526QWV0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    640000 | PA      | $425600.00    | 0.01%             | 2026-07-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2013 A, RB                                                                              | CUSIP: 74526QA85<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2675000 | PA      | $1785562.50   | 0.03%             | 2040-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                                | Children's Trust Fund, Series 2008 B, RB                                                                                                               | CUSIP: 16876QBM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 784260000 | PA      | $23705670.17  | 0.34%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 XX, RB                                                                             | CUSIP: 74526QWB4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   6799000 | PA      | $4538332.50   | 0.06%             | 2035-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 ZZ, Ref. RB                                                                        | CUSIP: 74526QWW8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    435000 | PA      | $290362.50    | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 CCC, RB                                                                            | CUSIP: 74526QYT3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    960000 | PA      | $640800.00    | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2013 A, RB                                                                              | CUSIP: 74526QA93<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $1415100.00   | 0.02%             | 2030-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB                                                                        | CUSIP: 74526QPT3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   6080000 | PA      | $6116774.27   | 0.09%             | 2035-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (University Bridge LLC Student Housing)                                                                                   | Capital Trust Agency, Inc. (University Bridge LLC Student Housing), Series 2018 A, RB                                                                  | CUSIP: 140536AC7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |  21350000 | PA      | $21387874.90  | 0.31%             | 2043-12-01      | Fixed         | 5.25%                 | 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        |  32478902 | PA      | $30919956.93  | 0.44%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JQF5<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |  11463000 | PA      | $8704329.32   | 0.12%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JQG3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |  30514673 | PA      | $10405433.31  | 0.15%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JQH1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        | 149221000 | PA      | $37188365.19  | 0.53%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                                           | Texas (State of) Transportation Commission, Series 2019, RB                                                                                            | CUSIP: 88283NAW2<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $1664260.80   | 0.02%             | 2051-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                                           | Texas (State of) Transportation Commission, Series 2019, RB                                                                                            | CUSIP: 88283NAR3<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   1760000 | PA      | $636942.77    | 0.01%             | 2046-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                                           | Texas (State of) Transportation Commission, Series 2019, RB                                                                                            | CUSIP: 88283NAY8<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $248516.90    | 0.00%             | 2053-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| I-470 Western Gateway Transportation Development District                                                                                            | I-470 Western Gateway Transportation Development District, Series 2019 A, RB                                                                           | CUSIP: 44952RAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6415000 | PA      | $6419899.78   | 0.09%             | 2048-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| I-470 Western Gateway Transportation Development District                                                                                            | I-470 Western Gateway Transportation Development District, Series 2019 B, RB                                                                           | CUSIP: 44952RAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3853000 | PA      | $3863692.85   | 0.06%             | 2048-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                                                        | Main Street Natural Gas, Inc., Series 2019 A, RB                                                                                                       | CUSIP: 56035DBW1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   6345000 | PA      | $6680109.91   | 0.10%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                                           | Texas (State of) Transportation Commission, Series 2019, RB                                                                                            | CUSIP: 88283NAS1<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   2625000 | PA      | $899512.95    | 0.01%             | 2047-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                                           | Texas (State of) Transportation Commission, Series 2019, RB                                                                                            | CUSIP: 88283NAT9<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   2775000 | PA      | $901886.38    | 0.01%             | 2048-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                                           | Texas (State of) Transportation Commission, Series 2019, RB                                                                                            | CUSIP: 88283NAV4<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   3740000 | PA      | $1095803.17   | 0.02%             | 2050-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Vermilion (Parish of), LA Gomesha) (Green Bonds)   | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Vermilion (Parish of), LA Gomesha) (Green Bonds), Se | CUSIP: 54628CHV7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1300099.20   | 0.02%             | 2038-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Broadway Station Metropolitan District No. 2                                                                                                         | Broadway Station Metropolitan District No. 2, Series 2019 B, GO Bonds                                                                                  | CUSIP: 111570AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7075000 | PA      | $5847665.79   | 0.08%             | 2048-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) International Center Metropolitan District No. 4                                                                                 | Colorado (State of) International Center Metropolitan District No. 4, Series 2019 A-2, GO Bonds                                                        | CUSIP: 19650PAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15075000 | PA      | $15136715.54  | 0.22%             | 2048-12-01      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) International Center Metropolitan District No. 4                                                                                 | Colorado (State of) International Center Metropolitan District No. 4, Series 2019 B-2, GO Bonds                                                        | CUSIP: 19650PAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1997000 | PA      | $2001937.98   | 0.03%             | 2048-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) International Center Metropolitan District No. 4                                                                                 | Colorado (State of) International Center Metropolitan District No. 4, Series 2019 A, Ref. GO Bonds                                                     | CUSIP: 19650PAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30920000 | PA      | $31058255.69  | 0.44%             | 2047-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining)                                                                          | Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining), Series 2019 A, Ref. IDR                                                   | CUSIP: 90068FAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5113634.85   | 0.07%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (University Bridge LLC Student Housing)                                                                                   | Capital Trust Agency, Inc. (University Bridge LLC Student Housing), Series 2018 A, RB                                                                  | CUSIP: 140536AD5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |  18800000 | PA      | $18201359.12  | 0.26%             | 2058-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Goodwill Industries of Southern Nevada, Inc.)                                                         | Wisconsin (State of) Public Finance Authority (Goodwill Industries of Southern Nevada, Inc.), Series 2019 A, RB                                        | CUSIP: 74442PLR4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3592342 | PA      | $3592021.92   | 0.05%             | 2038-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Goodwill Industries of Southern Nevada, Inc.)                                                         | Wisconsin (State of) Public Finance Authority (Goodwill Industries of Southern Nevada, Inc.), Series 2019 A, RB                                        | CUSIP: 74442PLS2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6863190 | PA      | $6862565.45   | 0.10%             | 2048-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Mallard Creek Stem Academy)                                                                           | Wisconsin (State of) Public Finance Authority (Mallard Creek Stem Academy), Series 2019 A, RB                                                          | CUSIP: 74442EEC0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5775000 | PA      | $5311280.78   | 0.08%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor)                                                              | Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor), Series 2016 A, Ref. RB                                        | CUSIP: 821697P94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $710071.13    | 0.01%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Wakemed Hospital)                                                                                     | Wisconsin (State of) Public Finance Authority (Wakemed Hospital), Series 2019 A, Ref. RB                                                               | CUSIP: 74442CBZ6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1141497.25   | 0.02%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mississippi (State of) Development Bank (Hancock County Gomesa) (Green Bonds)                                                                        | Mississippi (State of) Development Bank (Hancock County Gomesa) (Green Bonds), Series 2019, RB                                                         | CUSIP: 60534WP69<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1602866.12   | 0.02%             | 2039-11-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Denver International Business Center Metropolitan District No. 1                                                                                     | Denver International Business Center Metropolitan District No. 1, Series 2019 B, GO Bonds                                                              | CUSIP: 249197BB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2291000 | PA      | $2299000.63   | 0.03%             | 2048-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO Convention Center Hotel Authority                                                                                      | Denver (City & County of), CO Convention Center Hotel Authority, Series 2016, Ref. RB                                                                  | CUSIP: 249189DL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012733.80   | 0.01%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                                                                                              | Michigan Strategic Fund, Series 2018, RB                                                                                                               | CUSIP: 594698QT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001245.20   | 0.01%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                            | New Jersey (State of) Transportation Trust Fund Authority, Series 2010 A, RB                                                                           | CUSIP: 646136XP1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $6417081.00   | 0.09%             | 2037-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Convention Center Development Corp. (Hotel Unit Fee Secured)                                                                                | New York Convention Center Development Corp. (Hotel Unit Fee Secured), Series 2016, RB                                                                 | CUSIP: 649451EK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13390000 | PA      | $4414882.51   | 0.06%             | 2049-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Malta (Village of), IL (Prairie Springs)                                                                                                             | Malta (Village of), IL (Prairie Springs), Series 2006, RB                                                                                              | CUSIP: 561353AR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $432000.00    | 0.01%             | 2025-12-30      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities)                                                                | Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities), Series 2019, RB                                                 | CUSIP: 16080TAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2420000 | PA      | $2396002.80   | 0.03%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Advantage Academy of Hillsborough)                                                                                       | Capital Trust Agency, Inc. (Advantage Academy of Hillsborough), Series 2019 A, RB                                                                      | CUSIP: 14054CCA5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4267662.68   | 0.06%             | 2049-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.)                                                            | Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.), Series 2014, RB                                             | CUSIP: 010685JR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    719647 | PA      | $10794.71     | 0.00%             | 2079-12-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.)                                                            | Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.), Series 2014, RB                                             | CUSIP: 010685JS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240771 | PA      | $18611.57     | 0.00%             | 2029-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.)                                                            | Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.), Series 2014, RB                                             | CUSIP: 010685JT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025187 | PA      | $15377.81     | 0.00%             | 2034-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC)                                                                         | Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC), Series 2019, RB                                                          | CUSIP: 10604PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $34075.00     | 0.00%             | 2039-03-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Build NYC Resource Corp. (Brooklyn Navy Yard)                                                                                                        | Build NYC Resource Corp. (Brooklyn Navy Yard), Series 2019, Ref. RB                                                                                    | CUSIP: 12008EPP5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |  13140000 | PA      | $12965366.77  | 0.19%             | 2040-12-31      | Fixed         | 5.50%                 | 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 2018, RB                              | CUSIP: 13080SVL5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504720.85    | 0.01%             | 2043-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)                                                          | California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2006 C, RB                                         | CUSIP: 130923BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 211450000 | PA      | $16007272.48  | 0.23%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Strategic Fund (Evangelical Homes)                                                                                               | Michigan (State of) Strategic Fund (Evangelical Homes), Series 2013, Ref. RB                                                                           | CUSIP: 594698KV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5970000 | PA      | $4711805.78   | 0.07%             | 2047-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.)                                                                    | New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.), Series 2000 A, RB                                                   | CUSIP: 64578CBV2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20034682.00  | 0.29%             | 2030-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Phoenix (City of), AZ Industrial Development Authority (Basis Schools) (The)                                                                         | Phoenix (City of), AZ Industrial Development Authority (Basis Schools) (The), Series 2015, Ref. RB                                                     | CUSIP: 71885FDP9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   4015000 | PA      | $3821951.97   | 0.05%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix (City of), AZ Industrial Development Authority (The) (Legacy Traditional Schools)                                                            | Phoenix (City of), AZ Industrial Development Authority (The) (Legacy Traditional Schools), Series 2015, Ref. RB                                        | CUSIP: 71885FDV6<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1845000 | PA      | $1801305.97   | 0.03%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home)                                                                | Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home), Series 2017, RB                                                 | CUSIP: 87638RHR1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   8755000 | PA      | $6916450.00   | 0.10%             | 2041-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Buckner Senior Living - Ventana)                                                         | Tarrant County Cultural Education Facilities Finance Corp. (Buckner Senior Living - Ventana), Series 2017, RB                                          | CUSIP: 87638RJB4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1984750.76   | 0.03%             | 2027-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Presbyterian Retirement Co.)                                                                       | Washington (State of) Housing Finance Commission (Presbyterian Retirement Co.), Series 2016 A, Ref. RB                                                 | CUSIP: 939783TG1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1513219.50   | 0.02%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Air Quality Development Authority (AMG Vanadium Project)                                                                             | Ohio (State of) Air Quality Development Authority (AMG Vanadium Project), Series 2019, RB                                                              | CUSIP: 67754AAF1<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4466540.12   | 0.06%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (St. Mary (Parish of), LA Gomesa)                   | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (St. Mary (Parish of), LA Gomesa), Series 2019, RB    | CUSIP: 54628CJB9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   2955000 | PA      | $2885051.31   | 0.04%             | 2044-11-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Indiana University Health Obligated Group)                                                                     | Indiana (State of) Finance Authority (Indiana University Health Obligated Group), Series 2019 A, RB                                                    | CUSIP: 45470YEW7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $11723436.40  | 0.17%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (McLaren Health Care)                                                                                          | Michigan (State of) Finance Authority (McLaren Health Care), Series 2019, RB                                                                           | CUSIP: 59447TVE0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |  14975000 | PA      | $13303430.60  | 0.19%             | 2050-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Mexico (State of) Hospital Equipment Loan Council (La Vida Expansion)                                                                            | New Mexico (State of) Hospital Equipment Loan Council (La Vida Expansion), Series 2019 A, RB                                                           | CUSIP: 647377AM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1215097.35   | 0.02%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Flying Horse Metropolitan District No. 3                                                                                                             | Flying Horse Metropolitan District No. 3, Series 2019, Ref. GO Bonds                                                                                   | CUSIP: 34407UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2970000 | PA      | $2977913.86   | 0.04%             | 2049-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                | Puerto Rico Sales Tax Financing Corp., Series 2019 A-2, RB                                                                                             | CUSIP: 74529JRH0<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |  31401000 | PA      | $30627948.20  | 0.44%             | 2040-07-01      | Fixed         | 4.33%                 | 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        |    314000 | PA      | $286407.85    | 0.00%             | 2053-07-01      | Fixed         | 4.54%                 | 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        |   4223000 | PA      | $3986806.34   | 0.06%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC)                                                                         | Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC), Series 2019 A, RB                                                        | CUSIP: 10604PAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    152000 | PA      | $22040.00     | 0.00%             | 2039-03-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Alliance for Progress Charter School, Inc.)                                         | Philadelphia (City of), PA Authority for Industrial Development (Alliance for Progress Charter School, Inc.), Series 2019 A, RB                        | CUSIP: 71781XFW8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3275000 | PA      | $2950752.40   | 0.04%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) Health & Educational Facilities Authority (Nuvance Health)                                                                    | Connecticut (State of) Health & Educational Facilities Authority (Nuvance Health), Series 2019 A, Ref. RB                                              | CUSIP: 20775DCT7<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   5670000 | PA      | $5505495.72   | 0.08%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Harrison (County of), WV County Commission (Charles Pointe Economic Opportunity Development District)                                                | Harrison (County of), WV County Commission (Charles Pointe Economic Opportunity Development District), Series 2019 B, Ref. RB                          | CUSIP: 41524TAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5285000 | PA      | $3746732.57   | 0.05%             | 2042-06-01      | Fixed         | 7.50%                 | No            |                  3 | On Loan: No      |
| Harrison (County of), WV County Commission (Charles Pointe Economic Opportunity Development District)                                                | Harrison (County of), WV County Commission (Charles Pointe Economic Opportunity Development District), Series 2019 A, RB                               | CUSIP: 41524TAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14980000 | PA      | $10576578.07  | 0.15%             | 2042-06-01      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| Montgomery (County of), OH (Premier Health Partners Obligated Group)                                                                                 | Montgomery (County of), OH (Premier Health Partners Obligated Group), Series 2019 A, Ref. RB                                                           | CUSIP: 613520ML6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14245000 | PA      | $12485712.59  | 0.18%             | 2045-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.)                                                                        | Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.), Series 2019, RB                                                         | CUSIP: 353273CF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1746625.40   | 0.02%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                                                  | Metropolitan Transportation Authority (Green Bonds), Series 2019 C, RB                                                                                 | CUSIP: 59261AZW0<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  14745000 | PA      | $13551436.49  | 0.19%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                | Puerto Rico Sales Tax Financing Corp., Series 2019 A-2, RB                                                                                             | CUSIP: 74529JRJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11200000 | PA      | $10924270.56  | 0.16%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Wichita (City of), KS (Presbyterian Manors, Inc.)                                                                                                    | Wichita (City of), KS (Presbyterian Manors, Inc.), Series 2019, Ref. RB                                                                                | CUSIP: 967249QS5<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004614.90   | 0.01%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wichita (City of), KS (Presbyterian Manors, Inc.)                                                                                                    | Wichita (City of), KS (Presbyterian Manors, Inc.), Series 2019, Ref. RB                                                                                | CUSIP: 967249QU0<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1616701.79   | 0.02%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Leman Academy of Excellence)                                                                    | Arizona (State of) Industrial Development Authority (Leman Academy of Excellence), Series 2019 A, RB                                                   | CUSIP: 04052BJN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3631696.40   | 0.05%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Leman Academy-Parker Colorado)                                                                  | Arizona (State of) Industrial Development Authority (Leman Academy-Parker Colorado), Series 2019, RB                                                   | CUSIP: 04052BJU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6210000 | PA      | $5596062.63   | 0.08%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Leman Academy-Parker Colorado)                                                                  | Arizona (State of) Industrial Development Authority (Leman Academy-Parker Colorado), Series 2019, RB                                                   | CUSIP: 04052BJT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1832780.40   | 0.03%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Leman Academy-Parker Colorado)                                                                  | Arizona (State of) Industrial Development Authority (Leman Academy-Parker Colorado), Series 2019, RB                                                   | CUSIP: 04052BJS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2635000 | PA      | $2621362.29   | 0.04%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colliers Hill Metropolitan District No. 1                                                                                                            | Colliers Hill Metropolitan District No. 1, Series 2019 B, Ref. GO Bonds                                                                                | CUSIP: 194687AU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2114000 | PA      | $2120233.97   | 0.03%             | 2048-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Leadership Learning Academy)                                                                       | Utah (State of) Charter School Finance Authority (Leadership Learning Academy), Series 2019 A, RB                                                      | CUSIP: 91754TYH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2664896.10   | 0.04%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morton Grove (Village of), IL (Sawmill Station Redevelopment)                                                                                        | Morton Grove (Village of), IL (Sawmill Station Redevelopment), Series 2019, RB                                                                         | CUSIP: 619295AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999852.80   | 0.03%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Lafourche (Parish of), LA Gomesa)                  | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Lafourche (Parish of), LA Gomesa), Series 2019, RB   | CUSIP: 54628CJD5<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   3415213 | PA      | $3180223.38   | 0.05%             | 2043-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Leman Academy of Excellence)                                                                    | Arizona (State of) Industrial Development Authority (Leman Academy of Excellence), Series 2019 A, RB                                                   | CUSIP: 04052BJM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993853.80    | 0.01%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alachua (County of), FL Health Facilities Authority (Shands Teaching Hospital & Clinics, Inc.)                                                       | Alachua (County of), FL Health Facilities Authority (Shands Teaching Hospital & Clinics, Inc.), Series 2019, RB                                        | CUSIP: 010685KJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13950000 | PA      | $12505628.16  | 0.18%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fulton (County of), GA Development Authority (Piedmont Healthcare, Inc.)                                                                             | Fulton (County of), GA Development Authority (Piedmont Healthcare, Inc.), Series 2019, RB                                                              | CUSIP: 36005FGE9<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $13473984.00  | 0.19%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hoover (City of), AL Industrial Development Board (United States Steel Corp.)                                                                        | Hoover (City of), AL Industrial Development Board (United States Steel Corp.), Series 2019, RB                                                         | CUSIP: 439241AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10250000 | PA      | $10392503.70  | 0.15%             | 2049-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy)                                                            | Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy), Series 2019, Ref. RB                                        | CUSIP: 72177MSW8<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   6050000 | PA      | $5424877.70   | 0.08%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gardens at East Iliff Metropolitan District                                                                                                          | Gardens at East Iliff Metropolitan District, Series 2019 B, GO Bonds                                                                                   | CUSIP: 36549CAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $680997.36    | 0.01%             | 2049-12-15      | Fixed         | 8.50%                 | 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: 888804CU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19300000 | PA      | $3979874.23   | 0.06%             | 2054-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA (Lehigh Valley Health Network)                                                                                                | Lehigh (County of), PA (Lehigh Valley Health Network), Series 2019, Ref. RB                                                                            | CUSIP: 52480GDW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3465000 | PA      | $3049567.98   | 0.04%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Talon Pointe Metropolitan District                                                                                                                   | Talon Pointe Metropolitan District, Series 2019 B, Ref. GO Bonds                                                                                       | CUSIP: 874838AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2595000 | PA      | $2006446.47   | 0.03%             | 2051-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Haskins Station Metropolitan District                                                                                                                | Haskins Station Metropolitan District, Series 2019 B, GO Bonds                                                                                         | CUSIP: 418291AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1328000 | PA      | $1263695.72   | 0.02%             | 2049-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Glendale (City of), AZ Industrial Development Authority (Sun Health Services)                                                                        | Glendale (City of), AZ Industrial Development Authority (Sun Health Services), Series 2019 A, Ref. RB                                                  | CUSIP: 378287AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9350000 | PA      | $9261026.34   | 0.13%             | 2048-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Thruway Authority                                                                                                                | New York (State of) Thruway Authority, Series 2019 B, RB                                                                                               | CUSIP: 650010CL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $13598640.00  | 0.19%             | 2053-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                        | Wisconsin (State of) Public Finance Authority, Series 2019, Ref. RB                                                                                    | CUSIP: 74444VAS9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1231977.22   | 0.02%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC)                                                                         | Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC), Series 2019, RB                                                          | CUSIP: 10604PAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    716000 | PA      | $103820.00    | 0.00%             | 2039-03-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Camillus Health System)                                                              | Wisconsin (State of) Health & Educational Facilities Authority (Camillus Health System), Series 2019, Ref. RB                                          | CUSIP: 97712D4B9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3950000 | PA      | $3978498.86   | 0.06%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Camillus Health System)                                                              | Wisconsin (State of) Health & Educational Facilities Authority (Camillus Health System), Series 2019, Ref. RB                                          | CUSIP: 97712D4C7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2329772.25   | 0.03%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Camillus Health System)                                                              | Wisconsin (State of) Health & Educational Facilities Authority (Camillus Health System), Series 2019, Ref. RB                                          | CUSIP: 97712D4D5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8963391.00   | 0.13%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Creekside Village Metropolitan District                                                                                                              | Creekside Village Metropolitan District, Series 2019, GO Bonds                                                                                         | CUSIP: 225513AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    569000 | PA      | $570353.76    | 0.01%             | 2049-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Collegiate Charter School of Lowell                                                                                                                  | Collegiate Charter School of Lowell, Series 2019, RB                                                                                                   | CUSIP: 547649AC7<br>LEI: 549300GXJ4CE6FSCJA35 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1667542.28   | 0.02%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools)                                                               | Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools), Series 2019, Ref. RB                                           | CUSIP: 56681NEP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $907011.08    | 0.01%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), OH Convention Facilities Authority (Greater Columbus Convention Center)                                                        | Franklin (County of), OH Convention Facilities Authority (Greater Columbus Convention Center), Series 2019, RB                                         | CUSIP: 35317DAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2439846.00   | 0.03%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broadway Station Metropolitan District No. 3                                                                                                         | Broadway Station Metropolitan District No. 3, Series 2019 B, GO Bonds                                                                                  | CUSIP: 111571AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30465000 | PA      | $21965328.98  | 0.31%             | 2049-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group)                                                                         | Illinois (State of) Finance Authority (Lutheran Communities Obligated Group), Series 2019 A, Ref. RB                                                   | CUSIP: 45204E6D5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2077500.00   | 0.03%             | 2035-11-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group)                                                                         | Illinois (State of) Finance Authority (Lutheran Communities Obligated Group), Series 2019 A, Ref. RB                                                   | CUSIP: 45204E6E3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  20210000 | PA      | $13995425.00  | 0.20%             | 2040-11-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group)                                                                         | Illinois (State of) Finance Authority (Lutheran Communities Obligated Group), Series 2019 A, Ref. RB                                                   | CUSIP: 45204E6F0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  27085000 | PA      | $18756362.50  | 0.27%             | 2049-11-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                            | New Jersey (State of) Transportation Trust Fund Authority, Series 2019, Ref. RB                                                                        | CUSIP: 6461366M8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6300000 | PA      | $6635861.82   | 0.09%             | 2039-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science)                                                                    | Arizona (State of) Industrial Development Authority (Academies of Math & Science), Series 2019, RB                                                     | CUSIP: 04052BKK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001819.00   | 0.01%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Imagine East Mesa Charter Schools)                                                      | Pima (County of), AZ Industrial Development Authority (The) (Imagine East Mesa Charter Schools), Series 2019, RB                                       | CUSIP: 72177PCF5<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1367308.20   | 0.02%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Coral Academy of Science Reno)                                                                        | Wisconsin (State of) Public Finance Authority (Coral Academy of Science Reno), Series 2019, Ref. RB                                                    | CUSIP: 744396FG2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2280547.54   | 0.03%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marion (County of), OH (United Church Homes, Inc.)                                                                                                   | Marion (County of), OH (United Church Homes, Inc.), Series 2019, Ref. RB                                                                               | CUSIP: 569120AW8<br>LEI: 549300Y83A05IEINZY87 | Long             | DBT              | MUN               | US        |   3545000 | PA      | $2692090.02   | 0.04%             | 2049-12-01      | Fixed         | 5.12%                 | 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: 13058THM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $448533.65    | 0.01%             | 2058-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reata Ridge Village Metropolitan District No. 2                                                                                                      | Reata Ridge Village Metropolitan District No. 2, Series 2019 B-3, GO Bonds                                                                             | CUSIP: 75615TAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $616898.69    | 0.01%             | 2049-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) Health & Educational Facilities Authority                                                                                     | Connecticut (State of) Health & Educational Facilities Authority, Series 2020 G-1, Ref. RB                                                             | CUSIP: 20775DEJ7<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1107955.09   | 0.02%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rock Canyon Metropolitan District                                                                                                                    | Rock Canyon Metropolitan District, Series 2020 B, GO Bonds                                                                                             | CUSIP: 77184HAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    398000 | PA      | $399145.64    | 0.01%             | 2049-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Rock Canyon Metropolitan District                                                                                                                    | Rock Canyon Metropolitan District, Series 2020 A, GO Bonds                                                                                             | CUSIP: 77184HAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1598000 | PA      | $1487019.54   | 0.02%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                                                  | Metropolitan Transportation Authority (Green Bonds), Series 2020 A-1, RB                                                                               | CUSIP: 59261AE45<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  27500000 | PA      | $24425574.25  | 0.35%             | 2053-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Forest Trace Metropolitan District No. 3                                                                                                             | Forest Trace Metropolitan District No. 3, Series 2020 B, GO Bonds                                                                                      | CUSIP: 34619QAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    933000 | PA      | $935234.35    | 0.01%             | 2049-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Franklin Academy)                                                                                                        | Capital Trust Agency, Inc. (Franklin Academy), Series 2020, RB                                                                                         | CUSIP: 14054DAM9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4207974.72   | 0.06%             | 2055-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Escambia (County of), FL Health Facilities Authority (Baptist Health Care Corp. Obligated Group)                                                     | Escambia (County of), FL Health Facilities Authority (Baptist Health Care Corp. Obligated Group), Series 2020, Ref. RB                                 | CUSIP: 296110GE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13685000 | PA      | $9936701.76   | 0.14%             | 2050-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Escambia (County of), FL Health Facilities Authority (Baptist Health Care Corp. Obligated Group)                                                     | Escambia (County of), FL Health Facilities Authority (Baptist Health Care Corp. Obligated Group), Series 2020, Ref. RB                                 | CUSIP: 296110GD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12830000 | PA      | $11509861.00  | 0.16%             | 2045-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (Montefiore Obligated Group)                                                                                 | New York (State of) Dormitory Authority (Montefiore Obligated Group), Series 2020 A, Ref. RB                                                           | CUSIP: 64990GZS4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  14775000 | PA      | $10913156.30  | 0.16%             | 2050-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                                                                                       | Buckeye Tobacco Settlement Financing Authority, Series 2020 B-3, Ref. RB                                                                               | CUSIP: 118217DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  86730000 | PA      | $7620158.51   | 0.11%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                                                                                       | Buckeye Tobacco Settlement Financing Authority, Series 2020 B-2, Ref. RB                                                                               | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  68005000 | PA      | $57364114.84  | 0.82%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                                                                                       | Buckeye Tobacco Settlement Financing Authority, Series 2020 A-2, Ref. RB                                                                               | CUSIP: 118217CW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $7835390.20   | 0.11%             | 2048-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.)                                                                    | New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.), Series 1999, RB                                                     | CUSIP: 64578CAH4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  33235000 | PA      | $33278384.97  | 0.48%             | 2029-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wagons West Metropolitan District                                                                                                                    | Wagons West Metropolitan District, Series 2020 B-3, GO Bonds                                                                                           | CUSIP: 930563AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    553000 | PA      | $554424.31    | 0.01%             | 2049-12-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Homestead Hills Metropolitan District                                                                                                                | Homestead Hills Metropolitan District, Series 2020 B, GO Bonds                                                                                         | CUSIP: 437777AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    722000 | PA      | $723887.81    | 0.01%             | 2050-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Hess Ranch Metropolitan District No. 6                                                                                                               | Hess Ranch Metropolitan District No. 6, Series 2020 A-2, GO Bonds                                                                                      | CUSIP: 428112AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8498953.80   | 0.12%             | 2049-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Hess Ranch Metropolitan District No. 6                                                                                                               | Hess Ranch Metropolitan District No. 6, Series 2020 B, GO Bonds                                                                                        | CUSIP: 428112AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4683000 | PA      | $4692700.37   | 0.07%             | 2049-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| City Center West Commercial Metropolitan District                                                                                                    | City Center West Commercial Metropolitan District, Series 2020 A, Ref. GO Bonds                                                                        | CUSIP: 17776WAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3929000 | PA      | $3947152.77   | 0.06%             | 2049-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| City Center West Commercial Metropolitan District                                                                                                    | City Center West Commercial Metropolitan District, Series 2020 B, GO Bonds                                                                             | CUSIP: 17776WAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    581000 | PA      | $582235.03    | 0.01%             | 2049-12-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Mayfield Metropolitan District                                                                                                                       | Mayfield Metropolitan District, Series 2020 A, GO Bonds                                                                                                | CUSIP: 578287AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1166000 | PA      | $1177068.37   | 0.02%             | 2050-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mayfield Metropolitan District                                                                                                                       | Mayfield Metropolitan District, Series 2020 B, GO Bonds                                                                                                | CUSIP: 578287AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    622000 | PA      | $623262.78    | 0.01%             | 2050-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Monongalia (County of), WV Commission Special District (University Town Centre Economic Opportunity Development District)                            | Monongalia (County of), WV Commission Special District (University Town Centre Economic Opportunity Development District), Series 2020, Ref. RB        | CUSIP: 61022CAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12965000 | PA      | $13645694.91  | 0.20%             | 2043-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Hamilton (County of), OH (UC Health)                                                                                                                 | Hamilton (County of), OH (UC Health), Series 2020, RB                                                                                                  | CUSIP: 407272Y31<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |  19100000 | PA      | $15951030.75  | 0.23%             | 2050-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Columbus (City of) & Franklin (County of), OH Finance Authority (Easton)                                                                             | Columbus (City of) & Franklin (County of), OH Finance Authority (Easton), Series 2020, RB                                                              | CUSIP: 19910VAA8<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2315778.01   | 0.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                                  | Illinois (State of), Series 2020, GO Bonds                                                                                                             | CUSIP: 4521526M8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   8750000 | PA      | $9222442.25   | 0.13%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| St. James (Parish of), LA (Nustar Logistics, L.P.)                                                                                                   | St. James (Parish of), LA (Nustar Logistics, L.P.), Series 2010 2, RB                                                                                  | CUSIP: 790103AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3265611.00   | 0.05%             | 2040-07-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Career Success Schools)                                                                 | Pima (County of), AZ Industrial Development Authority (The) (Career Success Schools), Series 2020, Ref. RB                                             | CUSIP: 72177MTE7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1126166.85   | 0.02%             | 2040-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Career Success Schools)                                                                 | Pima (County of), AZ Industrial Development Authority (The) (Career Success Schools), Series 2020, Ref. RB                                             | CUSIP: 72177MTF4<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4922448.00   | 0.07%             | 2050-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Home Place Metropolitan District                                                                                                                     | Home Place Metropolitan District, Series 2020 B, GO Bonds                                                                                              | CUSIP: 43733YAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    834000 | PA      | $835876.50    | 0.01%             | 2050-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority                                                                                                              | New York (State of) Dormitory Authority, Series 2018, RB                                                                                               | CUSIP: 64990AQM0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  35050000 | PA      | $35937227.66  | 0.51%             | 2046-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)                                                 | California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 B-2, Ref. RB                         | CUSIP: 13016NFC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12780000 | PA      | $2455922.38   | 0.04%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Explore Academy)                                                                                      | Wisconsin (State of) Public Finance Authority (Explore Academy), Series 2020 A, RB                                                                     | CUSIP: 74443DFS5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3305000 | PA      | $3252875.52   | 0.05%             | 2050-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport)                                            | New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport), Series 2020, Ref. RB                        | CUSIP: 650116CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5965000 | PA      | $6187847.63   | 0.09%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport)                                            | New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport), Series 2020, Ref. RB                        | CUSIP: 650116CW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11505000 | PA      | $12022202.67  | 0.17%             | 2036-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Meadowbrook Crossing Metropolitan District                                                                                                           | Meadowbrook Crossing Metropolitan District, Series 2020 B, Ref. GO Bonds                                                                               | CUSIP: 58320HAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    494000 | PA      | $494326.83    | 0.01%             | 2049-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Cross Creek Public Improvement District)                                                              | Wisconsin (State of) Public Finance Authority (Cross Creek Public Improvement District), Series 2019, RB                                               | CUSIP: 74445UAC5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5600000 | PA      | $5672890.16   | 0.08%             | 2053-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion)                                                             | Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2017 A, RB                                            | CUSIP: 592250DD3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1119816.00   | 0.02%             | 2056-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Jefferson (County of), CO Center Metropolitan District No. 1                                                                                         | Jefferson (County of), CO Center Metropolitan District No. 1, Series 2020 B, Ref. RB                                                                   | CUSIP: 47248EAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6909000 | PA      | $6925361.20   | 0.10%             | 2050-12-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Meadowlark Metropolitan District                                                                                                                     | Meadowlark Metropolitan District, Series 2020 B, GO Bonds                                                                                              | CUSIP: 583213AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    607000 | PA      | $625423.48    | 0.01%             | 2050-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Phoenix Children's Hospital)                                                                    | Arizona (State of) Industrial Development Authority (Phoenix Children's Hospital), Series 2020 A, RB                                                   | CUSIP: 04052EAY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15285000 | PA      | $13603481.87  | 0.19%             | 2050-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| 3rd and Havana Metropolitan District                                                                                                                 | 3rd and Havana Metropolitan District, Series 2020 A, GO Bonds                                                                                          | CUSIP: 884134AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $2742743.68   | 0.04%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| 3rd and Havana Metropolitan District                                                                                                                 | 3rd and Havana Metropolitan District, Series 2020 B, GO Bonds                                                                                          | CUSIP: 884134AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1929109.30   | 0.03%             | 2049-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks)                                                                      | Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks), Series 2020, Ref. RB                                                  | CUSIP: 87638RKF3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   3545000 | PA      | $3408092.45   | 0.05%             | 2041-11-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks)                                                                      | Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks), Series 2020, Ref. RB                                                  | CUSIP: 87638RKG1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  13625000 | PA      | $12379358.90  | 0.18%             | 2051-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks)                                                                      | Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks), Series 2020, Ref. RB                                                  | CUSIP: 87638RKH9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3650850.80   | 0.05%             | 2055-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Lanterns Rock Creek Metropolitan District                                                                                                            | Lanterns Rock Creek Metropolitan District, Series 2020, GO Bonds                                                                                       | CUSIP: 51654CAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1441000 | PA      | $1426797.22   | 0.02%             | 2045-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Settler's Crossing Metropolitan District No. 1                                                                                                       | Settler's Crossing Metropolitan District No. 1, Series 2020 B, GO Bonds                                                                                | CUSIP: 81782QAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1197107.50   | 0.02%             | 2050-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                                                                                                 | Mida Mountain Village Public Infrastructure District, Series 2020 A, RB                                                                                | CUSIP: 59561TAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1208580.06   | 0.02%             | 2040-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                                                                                                 | Mida Mountain Village Public Infrastructure District, Series 2020 A, RB                                                                                | CUSIP: 59561TAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6427539.30   | 0.09%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Linder Village)                                                                                 | Arizona (State of) Industrial Development Authority (Linder Village), Series 2020, RB                                                                  | CUSIP: 040523AJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4905000 | PA      | $4967911.04   | 0.07%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (WhiteStone)                                                                                           | Wisconsin (State of) Public Finance Authority (WhiteStone), Series 2020, RB                                                                            | CUSIP: 74444VAW0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5403964.80   | 0.08%             | 2055-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment)                                      | New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment), Series 2020, RB                       | CUSIP: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8200000 | PA      | $7736832.84   | 0.11%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Aurora Crossroads Metropolitan District No. 2                                                                                                        | Aurora Crossroads Metropolitan District No. 2, Series 2020 B, GO Bonds                                                                                 | CUSIP: 05162QAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3505675.60   | 0.05%             | 2050-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.)                                                            | Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.), Series 2014, RB                                             | CUSIP: 010685JW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310193 | PA      | $4652.89      | 0.00%             | 2029-11-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| RM Mead Metropolitan District                                                                                                                        | RM Mead Metropolitan District, Series 2020 B, GO Bonds                                                                                                 | CUSIP: 74969HAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $611108.92    | 0.01%             | 2050-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Lake (County of), FL (Lakeside at Waterman Village)                                                                                                  | Lake (County of), FL (Lakeside at Waterman Village), Series 2020 A, Ref. RB                                                                            | CUSIP: 50826FAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5715763.80   | 0.08%             | 2055-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lake (County of), FL (Lakeside at Waterman Village)                                                                                                  | Lake (County of), FL (Lakeside at Waterman Village), Series 2020 A, Ref. RB                                                                            | CUSIP: 50826FAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10100000 | PA      | $9738495.75   | 0.14%             | 2050-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Base Village Metropolitan District No. 2                                                                                                             | Base Village Metropolitan District No. 2, Series 2016 B, Ref. GO Bonds                                                                                 | CUSIP: 069781AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2830000 | PA      | $2212517.77   | 0.03%             | 2048-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Johnstown Village Metropolitan District No. 2                                                                                                        | Johnstown Village Metropolitan District No. 2, Series 2020 B, GO Bonds                                                                                 | CUSIP: 479710AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    711000 | PA      | $732422.29    | 0.01%             | 2050-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                                                  | Metropolitan Transportation Authority (Green Bonds), Series 2020 D-1, RB                                                                               | CUSIP: 59261AH42<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10258179.00  | 0.15%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jones District Community Authority Board                                                                                                             | Jones District Community Authority Board, Series 2020 A, RB                                                                                            | CUSIP: 48020NAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6815000 | PA      | $6664537.07   | 0.10%             | 2050-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Promontory Metropolitan District No. 3                                                                                                               | Promontory Metropolitan District No. 3, Series 2020 A, GO Bonds                                                                                        | CUSIP: 74349HAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1021000 | PA      | $955589.74    | 0.01%             | 2050-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North)                                                                    | New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North), Series 2020, RB                                                     | CUSIP: 64542UFL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $1942137.41   | 0.03%             | 2055-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp. (Rochester Regional Health)                                                                               | Monroe County Industrial Development Corp. (Rochester Regional Health), Series 2020, Ref. RB                                                           | CUSIP: 61075TWQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10200000 | PA      | $8944739.04   | 0.13%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| 64th Ave ARI Authority                                                                                                                               | 64th Ave ARI Authority, Series 2020, RB                                                                                                                | CUSIP: 83011AAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14132347.60  | 0.20%             | 2043-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Polk (County of), FL Industrial Development Authority (Mineral Development LLC)                                                                      | Polk (County of), FL Industrial Development Authority (Mineral Development LLC), Series 2020, RB                                                       | CUSIP: 731120NQ0<br>LEI: 549300UTRO4TAORRAL04 | Long             | DBT              | MUN               | US        |   6660000 | PA      | $1012927.73   | 0.01%             | 2033-01-01      | Fixed         | 5.88%                 | Yes           |                  3 | On Loan: No      |
| Belford North Metropolitan District                                                                                                                  | Belford North Metropolitan District, Series 2020 B, GO Bonds                                                                                           | CUSIP: 077690AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6519324.50   | 0.09%             | 2050-12-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                                                                                             | Sterling Ranch Community Authority Board, Series 2020 B, RB                                                                                            | CUSIP: 85950NAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $495472.65    | 0.01%             | 2025-12-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Winrock Town Center Tax Increment Development District No. 1                                                                                         | Winrock Town Center Tax Increment Development District No. 1, Series 2020, RB                                                                          | CUSIP: 97535RAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5453000 | PA      | $5456654.06   | 0.08%             | 2040-05-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Center District                                                                                                                 | Wisconsin (State of) Center District, Series 2020 D, RB                                                                                                | CUSIP: 976595GQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  51755000 | PA      | $12307199.26  | 0.18%             | 2055-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport)                                                       | Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport), Series 2020, RB                                        | CUSIP: 48504NCK3<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    750000 | PA      | $658931.78    | 0.01%             | 2057-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority                                                                                                                | Michigan (State of) Finance Authority, Series 2020 B-2, Ref. RB                                                                                        | CUSIP: 59447TM26<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |  82350000 | PA      | $8443081.98   | 0.12%             | 2065-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kinston Metropolitan District No. 5                                                                                                                  | Kinston Metropolitan District No. 5, Series 2020 B, GO Bonds                                                                                           | CUSIP: 49717MAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3914000.00   | 0.06%             | 2052-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), OH (Wesley Communities)                                                                                                        | Franklin (County of), OH (Wesley Communities), Series 2020, Ref. RB                                                                                    | CUSIP: 353180LK6<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011159.80   | 0.01%             | 2040-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), OH (Wesley Communities)                                                                                                        | Franklin (County of), OH (Wesley Communities), Series 2020, Ref. RB                                                                                    | CUSIP: 353180LL4<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   7425000 | PA      | $6858718.27   | 0.10%             | 2055-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Matteson (Village of), IL                                                                                                                            | Matteson (Village of), IL, Series 2015, RB                                                                                                             | CUSIP: 577117AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1077824.19   | 0.02%             | 2035-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Evan's Place Metropolitan District                                                                                                                   | Evan's Place Metropolitan District, Series 2020 A, GO Bonds                                                                                            | CUSIP: 299192AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $550482.85    | 0.01%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citadel on Colfax Business Improvement District                                                                                                      | Citadel on Colfax Business Improvement District, Series 2020 B, RB                                                                                     | CUSIP: 17288AAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $466282.56    | 0.01%             | 2050-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Development Finance Authority (Sommerset)                                                                                        | Oklahoma (State of) Development Finance Authority (Sommerset), Series 2015, RB                                                                         | CUSIP: 678908Y24<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1691165.44   | 0.02%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hance Ranch Metropolitan District                                                                                                                    | Hance Ranch Metropolitan District, Series 2020, GO Bonds                                                                                               | CUSIP: 40965CAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $539277.02    | 0.01%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hance Ranch Metropolitan District                                                                                                                    | Hance Ranch Metropolitan District, Series 2020, GO Bonds                                                                                               | CUSIP: 40965CAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1623606.74   | 0.02%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Remuda Ranch Metropolitan District                                                                                                                   | Remuda Ranch Metropolitan District, Series 2020 B, GO Bonds                                                                                            | CUSIP: 75971UAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    574000 | PA      | $575068.85    | 0.01%             | 2050-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 EEE, RB                                                                            | CUSIP: 74526QZS4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    895000 | PA      | $597412.50    | 0.01%             | 2032-07-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Economic Development Finance Authority (Green Bonds)                                                                           | Washington (State of) Economic Development Finance Authority (Green Bonds), Series 2020 A, RB                                                          | CUSIP: 93975YAH4<br>LEI: 549300TQ7IXFA28IYO51 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3575848.50   | 0.05%             | 2040-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Villages at Johnstown Metropolitan District No. 3                                                                                                    | Villages at Johnstown Metropolitan District No. 3, Series 2020 B, GO Bonds                                                                             | CUSIP: 927133AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    843000 | PA      | $845412.75    | 0.01%             | 2050-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Mayfield Metropolitan District                                                                                                                       | Mayfield Metropolitan District, Series 2020 C, GO Bonds                                                                                                | CUSIP: 578287AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    767000 | PA      | $336393.85    | 0.00%             | 2050-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Colorado Crossing Metropolitan District No. 2                                                                                                        | Colorado Crossing Metropolitan District No. 2, Series 2020 B, GO Bonds                                                                                 | CUSIP: 19645YAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3495000 | PA      | $3503178.65   | 0.05%             | 2050-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Silver Peaks Metropolitan District No. 3                                                                                                             | Silver Peaks Metropolitan District No. 3, Series 2020 B, GO Bonds                                                                                      | CUSIP: 82807QAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    442000 | PA      | $443160.21    | 0.01%             | 2050-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Hope Community Academy)                                                                    | St. Paul (City of), MN Housing & Redevelopment Authority (Hope Community Academy), Series 2020, RB                                                     | CUSIP: 852297DD9<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   3800000 | PA      | $2959805.94   | 0.04%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (615 Waterfront)                                                         | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (615 Waterfront), Series 2021, RB                                          | CUSIP: 018444BG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4610000 | PA      | $4829919.59   | 0.07%             | 2042-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bennett Ranch Metropolitan District No. 1                                                                                                            | Bennett Ranch Metropolitan District No. 1, Series 2021 B, GO Bonds                                                                                     | CUSIP: 08218DAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1221000 | PA      | $1224153.72   | 0.02%             | 2051-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports                                                                                                     | Los Angeles (City of), CA Department of Airports, Series 2021 A, Ref. RB                                                                               | CUSIP: 544445SY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5093195.50   | 0.07%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Transport Metropolitan District No. 3                                                                                                                | Transport Metropolitan District No. 3, Series 2021 A-2, GO Bonds                                                                                       | CUSIP: 89386FAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2446457.70   | 0.03%             | 2051-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Newman International Academy)                                                                              | Arlington Higher Education Finance Corp. (Newman International Academy), Series 2021, RB                                                               | CUSIP: 041806F21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $628583.51    | 0.01%             | 2041-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Newman International Academy)                                                                              | Arlington Higher Education Finance Corp. (Newman International Academy), Series 2021, RB                                                               | CUSIP: 041806F39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5370000 | PA      | $3809972.04   | 0.05%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westerly Metropolitan District No. 4                                                                                                                 | Westerly Metropolitan District No. 4, Series 2021 B, GO Bonds                                                                                          | CUSIP: 957568AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4238000 | PA      | $4244935.91   | 0.06%             | 2050-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Municipal Water Finance Authority                                                                                             | New York (City of), NY Municipal Water Finance Authority, Series 2021 CC-1, RB                                                                         | CUSIP: 64972GYJ7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  25000000 | PA      | $25928515.00  | 0.37%             | 2051-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Spokane International Academy)                                                                     | Washington (State of) Housing Finance Commission (Spokane International Academy), Series 2021 A, RB                                                    | CUSIP: 93978LGH3<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2260000 | PA      | $1903774.73   | 0.03%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Peak Metropolitan District No. 1                                                                                                                     | Peak Metropolitan District No. 1, Series 2021 B, GO Bonds                                                                                              | CUSIP: 704676AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1652000 | PA      | $1655532.14   | 0.02%             | 2051-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels)                                                                                         | Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2021 A, RB                                                                        | CUSIP: 89602RGR0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9123462.00   | 0.13%             | 2056-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority (Convention Center Hotel)                                                                                | George L Smith II Congress Center Authority (Convention Center Hotel), Series 2021, RB                                                                 | CUSIP: 37255MAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5721600.00   | 0.08%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Park Place of Elmhurst)                                                                                       | Illinois (State of) Finance Authority (Park Place of Elmhurst), Series 2016, RB                                                                        | CUSIP: 45204FHC2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  66640272 | PA      | $49030440.18  | 0.70%             | 2060-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                                        | Denver (City & County of), CO, Series 2021 A, RB                                                                                                       | CUSIP: 24917DCR2<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   8350000 | PA      | $7683743.48   | 0.11%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rocky Mountain Rail Park Metropolitan District                                                                                                       | Rocky Mountain Rail Park Metropolitan District, Series 2021 A, GO Bonds                                                                                | CUSIP: 774762AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5645000 | PA      | $5512805.39   | 0.08%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Tobacco Settlement Authority                                                                                                         | Iowa (State of) Tobacco Settlement Authority, Series 2021 B-2, Ref. RB                                                                                 | CUSIP: 888805CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 213120000 | PA      | $31979934.72  | 0.46%             | 2065-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Elbert & Highway 86 Commercial Metropolitan District                                                                                                 | Elbert & Highway 86 Commercial Metropolitan District, Series 2021 B, GO Bonds                                                                          | CUSIP: 28421SAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1905000 | PA      | $1909203.19   | 0.03%             | 2051-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Evanston (City of), IL (Roycemore School)                                                                                                            | Evanston (City of), IL (Roycemore School), Series 2021, RB                                                                                             | CUSIP: 299231AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1011405.25   | 0.01%             | 2051-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Clear Creek Transit Metropolitan District No. 2                                                                                                      | Clear Creek Transit Metropolitan District No. 2, Series 2021 B, GO Bonds                                                                               | CUSIP: 184542AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1158599.53   | 0.02%             | 2050-12-15      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (MaST II Charter School)                                                             | Philadelphia (City of), PA Authority for Industrial Development (MaST II Charter School), Series 2016 B, RB                                            | CUSIP: 71781XCA9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30151.14     | 0.00%             | 2036-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Social Certificates)                                                                               | Washington (State of) Housing Finance Commission (Social Certificates), Series 2021-1A, Revenue Ctfs.                                                  | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   5356181 | PA      | $5204433.25   | 0.07%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                     | New York & New Jersey (States of) Port Authority, Ninety-Third Series 1994, RB                                                                         | CUSIP: 733580S88<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502533.20   | 0.02%             | 2094-06-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village)                                                              | Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village), Series 2007, RB                                               | CUSIP: 447297AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21290000 | PA      | $15195737.50  | 0.22%             | 2043-01-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village)                                                              | Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village), Series 2007, RB                                               | CUSIP: 447297AK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $992112.50    | 0.01%             | 2028-01-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Assumption (Parish of), LA Gomesa)                 | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Assumption (Parish of), LA Gomesa), Series 2021, RB  | CUSIP: 54628CVE9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   5110000 | PA      | $4581007.69   | 0.07%             | 2045-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Monongalia (County of), WV Commission Special District (University Town Centre Economic Opportunity Development District)                            | Monongalia (County of), WV Commission Special District (University Town Centre Economic Opportunity Development District), Series 2021 A, Ref. RB      | CUSIP: 61022CAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2770000 | PA      | $2455342.68   | 0.04%             | 2043-06-01      | Fixed         | 4.12%                 | 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: 13057GAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1837602.80   | 0.03%             | 2046-11-15      | 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: 13057GAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1619455.87   | 0.02%             | 2051-11-15      | 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: 13057GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1021319.10   | 0.01%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atoka (County of), OK Health Care Authority (Atoka Memorial Hospital)                                                                                | Atoka (County of), OK Health Care Authority (Atoka Memorial Hospital), Series 2007, RB                                                                 | CUSIP: 049593AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2645000 | PA      | $2470506.71   | 0.04%             | 2037-10-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Amherst (Town of), NY Industrial Development Agency (Shaary Zedek)                                                                                   | Amherst (Town of), NY Industrial Development Agency (Shaary Zedek), Series 2006 A, Ref. RB                                                             | CUSIP: 031362EG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1420746.21   | 0.02%             | 2036-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Cascade Ridge Metropolitan District                                                                                                                  | Cascade Ridge Metropolitan District, Series 2021, GO Bonds                                                                                             | CUSIP: 147351AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2638547.10   | 0.04%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waters' Edge Metropolitan District No. 2                                                                                                             | Waters' Edge Metropolitan District No. 2, Series 2021, GO Bonds                                                                                        | CUSIP: 94184VAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4445000 | PA      | $4170751.95   | 0.06%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dardenne Town Square Transportation Development District                                                                                             | Dardenne Town Square Transportation Development District, Series 2006 A, RB                                                                            | CUSIP: 23719TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5190000 | PA      | $1764600.00   | 0.03%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2008 WW, RB                                                                             | CUSIP: 74526QVD1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1468500.00   | 0.02%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village)                                                              | Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village), Series 2008 A, RB                                             | CUSIP: 447297AS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4470000 | PA      | $3190462.50   | 0.05%             | 2043-01-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Fairfield (City of), CA Community Facilities District No. 2007-1 (Fairfield Commons)                                                                 | Fairfield (City of), CA Community Facilities District No. 2007-1 (Fairfield Commons), Series 2008, RB                                                  | CUSIP: 304194AP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4440000 | PA      | $4471388.14   | 0.06%             | 2038-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Plano (City of), IL Special Service Area No. 10 (Lakewood Springs Club)                                                                              | Plano (City of), IL Special Service Area No. 10 (Lakewood Springs Club), Series 2007, RB                                                               | CUSIP: 72714MAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5615000 | PA      | $617650.00    | 0.01%             | 2037-03-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Cottonwood Hollow Residential Metropolitan District                                                                                                  | Cottonwood Hollow Residential Metropolitan District, Series 2021, GO Bonds                                                                             | CUSIP: 221866AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15824000 | PA      | $12883736.23  | 0.18%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp. (NY Preparatory Charter School)                                                                                             | Build NYC Resource Corp. (NY Preparatory Charter School), Series 2021 A, RB                                                                            | CUSIP: 12008ERR9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1144509.53   | 0.02%             | 2041-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Christian Care Communities)                                                       | Kentucky (Commonwealth of) Economic Development Finance Authority (Christian Care Communities), Series 2021, Ref. RB                                   | CUSIP: 49126TBD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $1633335.82   | 0.02%             | 2055-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority (Santa Clara)                                                                                        | Silicon Valley Tobacco Securitization Authority (Santa Clara), Series 2007 A, RB                                                                       | CUSIP: 82706TAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $4809122.00   | 0.07%             | 2047-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Yorkville (United City of), IL (Cannonball/Beecher Road)                                                                                             | Yorkville (United City of), IL (Cannonball/Beecher Road), Series 2007, RB                                                                              | CUSIP: 987361AH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1840360.09   | 0.03%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (Diversey/Narragansett)                                                                                                        | Chicago (City of), IL (Diversey/Narragansett), Series 2006, COP                                                                                        | CUSIP: 16752QAB4<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1261651 | PA      | $744374.21    | 0.01%             | 2026-02-15      | Fixed         | 7.46%                 | No            |                  3 | On Loan: No      |
| California (State of) Infrastructure & Economic Development Bank (WFCS Portfolio Program)                                                            | California (State of) Infrastructure & Economic Development Bank (WFCS Portfolio Program), Series 2021 A-1, RB                                         | CUSIP: 13034AQ86<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   4300000 | PA      | $3709901.54   | 0.05%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (WFCS Portfolio)                                                                                       | Wisconsin (State of) Public Finance Authority (WFCS Portfolio), Series 2021, RB                                                                        | CUSIP: 74442PRN7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3820000 | PA      | $3225904.81   | 0.05%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yamhill (County of), OR Hospital Authority (Friendsview)                                                                                             | Yamhill (County of), OR Hospital Authority (Friendsview), Series 2021 A, Ref. RB                                                                       | CUSIP: 98464UAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1270807.16   | 0.02%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yamhill (County of), OR Hospital Authority (Friendsview)                                                                                             | Yamhill (County of), OR Hospital Authority (Friendsview), Series 2021 A, Ref. RB                                                                       | CUSIP: 98464UAX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1597544.38   | 0.02%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mayberry Springs Community Authority                                                                                                                 | Mayberry Springs Community Authority, Series 2021 B, RB                                                                                                | CUSIP: 57788CAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3351000 | PA      | $3358676.14   | 0.05%             | 2051-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport)                                            | New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport), Series 2021, Ref. RB                        | CUSIP: 650116EZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2276468.16   | 0.03%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Imagine School at North Manatee)                                                                                         | Capital Trust Agency, Inc. (Imagine School at North Manatee), Series 2021, RB                                                                          | CUSIP: 14054CDX4<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    900000 | PA      | $768146.94    | 0.01%             | 2056-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgetown (City of), CT Special Taxing District                                                                                                     | Georgetown (City of), CT Special Taxing District, Series 2006 A, GO Bonds                                                                              | CUSIP: 373022AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7935000 | PA      | $952200.00    | 0.01%             | 2036-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Fairfield (City of), CA Community Facilities District No. 2007-1 (Fairfield Commons)                                                                 | Fairfield (City of), CA Community Facilities District No. 2007-1 (Fairfield Commons), Series 2008, RB                                                  | CUSIP: 304194AN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1723795.60   | 0.02%             | 2028-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Montrose (County of), CO (The Homestead at Montrose, Inc.)                                                                                           | Montrose (County of), CO (The Homestead at Montrose, Inc.), Series 2003 A, RB                                                                          | CUSIP: 61509WAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6200000 | PA      | $5905398.32   | 0.08%             | 2038-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Infrastructure & Economic Development Bank (WFCS Portfolio Program)                                                            | California (State of) Infrastructure & Economic Development Bank (WFCS Portfolio Program), Series 2021, RB                                             | CUSIP: 13034AR28<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  69295000 | PA      | $6076762.66   | 0.09%             | 2061-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Acclaim Charter School)                                                                 | Pima (County of), AZ Industrial Development Authority (The) (Acclaim Charter School), Series 2006, RB                                                  | CUSIP: 72177MGW1<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   4385000 | PA      | $4242889.60   | 0.06%             | 2036-12-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (WFCS Portfolio)                                                                                       | Wisconsin (State of) Public Finance Authority (WFCS Portfolio), Series 2021, RB                                                                        | CUSIP: 74442PRQ0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  42600000 | PA      | $3550688.70   | 0.05%             | 2061-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Vallejo (City of), CA Public Financing Authority (Hiddenbrooke Improvement District)                                                                 | Vallejo (City of), CA Public Financing Authority (Hiddenbrooke Improvement District), Series 2004 A, RB                                                | CUSIP: 919213CY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2113271.37   | 0.03%             | 2031-09-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (New Plan Learning, Inc.)                                                                              | Wisconsin (State of) Public Finance Authority (New Plan Learning, Inc.), Series 2021 A, Ref. RB                                                        | CUSIP: 74443DGJ4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7415000 | PA      | $6846400.75   | 0.10%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Red Bridge Public Infrastructure District No. 1                                                                                                      | Red Bridge Public Infrastructure District No. 1, Series 2021 A, GO Bonds                                                                               | CUSIP: 756423AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $872579.29    | 0.01%             | 2051-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Red Bridge Public Infrastructure District No. 1                                                                                                      | Red Bridge Public Infrastructure District No. 1, Series 2021 B, GO Bonds                                                                               | CUSIP: 756423AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $512320.86    | 0.01%             | 2051-08-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Canyon Pines Metropolitan District                                                                                                                   | Canyon Pines Metropolitan District, Series 2021 A-1, GO Bonds                                                                                          | CUSIP: 138867AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6995000 | PA      | $6139989.26   | 0.09%             | 2051-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Economic Development Corp. (Friendship Village of Kalamazoo)                                                                               | Kalamazoo Economic Development Corp. (Friendship Village of Kalamazoo), Series 2021, Ref. RB                                                           | CUSIP: 483228EC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1121979.47   | 0.02%             | 2041-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Economic Development Corp. (Friendship Village of Kalamazoo)                                                                               | Kalamazoo Economic Development Corp. (Friendship Village of Kalamazoo), Series 2021, Ref. RB                                                           | CUSIP: 483228ED0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1229743.25   | 0.02%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Winsome Metropolitan District No. 3                                                                                                                  | Winsome Metropolitan District No. 3, Series 2021 A, GO Bonds                                                                                           | CUSIP: 97550SAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2417298.39   | 0.03%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Reunion East Community Development District                                                                                                          | Reunion East Community Development District, Series 2005, RB                                                                                           | CUSIP: 761311AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715939 | PA      | $17.16        | 0.00%             | 2036-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Kendall Breeze West Community Development District                                                                                                   | Kendall Breeze West Community Development District, Series 2004, RB                                                                                    | CUSIP: 488598AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700930.51    | 0.01%             | 2034-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Industrial Development Authority (Northwoods Apartments)                                                                   | Kansas City (City of), MO Industrial Development Authority (Northwoods Apartments), Series 2004 A, RB                                                  | CUSIP: 485029KZ4<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1572000 | PA      | $1560375.22   | 0.02%             | 2040-05-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp.                                                                                              | District of Columbia Tobacco Settlement Financing Corp., Series 2006 C, RB                                                                             | CUSIP: 254842BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  60320000 | PA      | $5996121.66   | 0.09%             | 2055-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority (Santa Clara)                                                                                        | Silicon Valley Tobacco Securitization Authority (Santa Clara), Series 2007 A, RB                                                                       | CUSIP: 82706TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $5585260.00   | 0.08%             | 2036-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Park Community Development District                                                                                                          | Buckeye Park Community Development District, Series 2008 A, RB                                                                                         | CUSIP: 118227AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $685388.74    | 0.01%             | 2038-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Sterling Hill Community Development District                                                                                                         | Sterling Hill Community Development District, Series 2003 A, RB                                                                                        | CUSIP: 85933TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1374677 | PA      | $563617.43    | 0.01%             | 2035-05-01      | Fixed         | 6.20%                 | No            |                  3 | On Loan: No      |
| Calhoun (County of), TX Navigation Industrial Development Authority (Max Midstream Texas LLC)                                                        | Calhoun (County of), TX Navigation Industrial Development Authority (Max Midstream Texas LLC), Series 2021, RN                                         | CUSIP: 129729AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15120000 | PA      | $14770176.12  | 0.21%             | 2026-07-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Strategic Fund (Friendship Village of Kalamazoo)                                                                                 | Michigan (State of) Strategic Fund (Friendship Village of Kalamazoo), Series 2021, Ref. RB                                                             | CUSIP: 594698SM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1628799.00   | 0.02%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Villages at Castle Rock Metropolitan District No. 6                                                                                                  | Villages at Castle Rock Metropolitan District No. 6, Series 2021 B, Ref. GO Bonds                                                                      | CUSIP: 92706LAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27543000 | PA      | $26436283.70  | 0.38%             | 2051-12-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Banning Lewis Ranch Regional Metropolitan District No. 2                                                                                             | Banning Lewis Ranch Regional Metropolitan District No. 2, Series 2021, GO Bonds                                                                        | CUSIP: 066640AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5190000 | PA      | $5021749.54   | 0.07%             | 2051-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Banning Lewis Ranch Metropolitan District No. 8                                                                                                      | Banning Lewis Ranch Metropolitan District No. 8, Series 2021, GO Bonds                                                                                 | CUSIP: 06663CAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4036597.65   | 0.06%             | 2051-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Grand Blanc Academy                                                                                                                                  | Grand Blanc Academy, Series 2000, COP                                                                                                                  | CUSIP: 385230AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $993440.02    | 0.01%             | 2026-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| San Jose (City of), CA (Helzer Courts Apartments)                                                                                                    | San Jose (City of), CA (Helzer Courts Apartments), Series 1999 A, RB                                                                                   | CUSIP: 798165BS4<br>LEI: 549300QHIHSH68W22O38 | Long             | DBT              | MUN               | US        |  12013000 | PA      | $12013992.27  | 0.17%             | 2041-12-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Social Bonds)                                                                                                 | Illinois (State of) Finance Authority (Social Bonds), Series 2021, Ref. RB                                                                             | CUSIP: 45204FLG8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $948415.16    | 0.01%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Thruway Authority (Bidding Group 5)                                                                                              | New York (State of) Thruway Authority (Bidding Group 5), Series 2021 A-1, Ref. RB                                                                      | CUSIP: 650028XV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30000000 | PA      | $26998734.00  | 0.39%             | 2059-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salt Lake City (City of), UT                                                                                                                         | Salt Lake City (City of), UT, Series 2021 A, RB                                                                                                        | CUSIP: 795576KC0<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |  11675000 | PA      | $11799543.06  | 0.17%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris (County of), TX                                                                                                                               | Harris (County of), TX, Series 2021, GO Bonds                                                                                                          | CUSIP: 414005G28<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10331.56     | 0.00%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pronghorn Valley Metropolitan District                                                                                                               | Pronghorn Valley Metropolitan District, Series 2021 B, GO Bonds                                                                                        | CUSIP: 74344YAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501367.00    | 0.01%             | 2051-12-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Airport Authority (Pittsburgh International Airport)                                                                       | Allegheny (County of), PA Airport Authority (Pittsburgh International Airport), Series 2021 A, RB                                                      | CUSIP: 01728LFJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10039987.00  | 0.14%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                           | Miami-Dade (County of), FL, Subseries 2021 A-1, Ref. RB                                                                                                | CUSIP: 59335KDF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8588121.30   | 0.12%             | 2045-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mississippi (State of) Development Bank (Jackson County Gomesa)                                                                                      | Mississippi (State of) Development Bank (Jackson County Gomesa), Series 2021, RB                                                                       | CUSIP: 60534XKC9<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    800000 | PA      | $758686.96    | 0.01%             | 2036-11-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX (United Airlines, Inc.)                                                                                                        | Houston (City of), TX (United Airlines, Inc.), Series 2021 B-1, RB                                                                                     | CUSIP: 442349GA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13745000 | PA      | $12511955.29  | 0.18%             | 2041-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc. Terminal E)                                                                              | Houston (City of), TX Airport System (United Airlines, Inc. Terminal E), Series 2021 A, RB                                                             | CUSIP: 442349FZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2276132.00   | 0.03%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Banning Lewis Ranch Metropolitan District No. 4                                                                                                      | Banning Lewis Ranch Metropolitan District No. 4, Series 2018 C, GO Bonds                                                                               | CUSIP: 066637AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4134000 | PA      | $3712227.82   | 0.05%             | 2051-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Banning Lewis Ranch Metropolitan District No. 5                                                                                                      | Banning Lewis Ranch Metropolitan District No. 5, Series 2018 C, GO Bonds                                                                               | CUSIP: 066638AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1942000 | PA      | $1690026.08   | 0.02%             | 2051-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Banning Lewis Ranch Regional Metropolitan District No. 1                                                                                             | Banning Lewis Ranch Regional Metropolitan District No. 1, Series 2018 C, GO Bonds                                                                      | CUSIP: 066639AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1801000 | PA      | $1512122.84   | 0.02%             | 2041-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Erie Highlands Metropolitan District No. 2                                                                                                           | Erie Highlands Metropolitan District No. 2, Series 2018 C, GO Bonds                                                                                    | CUSIP: 295272AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $2898304.56   | 0.04%             | 2052-12-15      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home)                                                                | Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home), Series 2009 A, RB                                               | CUSIP: 87638RDG9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  15135000 | PA      | $11956650.00  | 0.17%             | 2038-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Gainesville (City of) & Hall (County of), GA Hospital Authority (Northeast Georgia Health System, Inc.)                                              | Gainesville (City of) & Hall (County of), GA Hospital Authority (Northeast Georgia Health System, Inc.), Series 2021 A, RB                             | CUSIP: 362762QR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2630000 | PA      | $2326378.60   | 0.03%             | 2051-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Grand Forks (City of), ND (Altru Health System)                                                                                                      | Grand Forks (City of), ND (Altru Health System), Series 2021, Ref. RB                                                                                  | CUSIP: 38546WDQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9395000 | PA      | $8172146.80   | 0.12%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Grand Forks (City of), ND (Altru Health System)                                                                                                      | Grand Forks (City of), ND (Altru Health System), Series 2021, Ref. RB                                                                                  | CUSIP: 38546WDS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11845000 | PA      | $9891427.84   | 0.14%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Windler Public Improvement Authority                                                                                                                 | Windler Public Improvement Authority, Series 2021 A-2, RB                                                                                              | CUSIP: 973405AG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $865568.36    | 0.01%             | 2041-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Brooklyn Arena Local Development Corp. (Barclays Center)                                                                                             | Brooklyn Arena Local Development Corp. (Barclays Center), Series 2009, RB                                                                              | CUSIP: 113807AN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23805000 | PA      | $9429143.84   | 0.13%             | 2044-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Brooklyn Arena Local Development Corp. (Barclays Center)                                                                                             | Brooklyn Arena Local Development Corp. (Barclays Center), Series 2009, RB                                                                              | CUSIP: 113807AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14345000 | PA      | $10269436.31  | 0.15%             | 2034-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North Holly Metropolitan District                                                                                                                    | North Holly Metropolitan District, Series 2018 C, GO Bonds                                                                                             | CUSIP: 659890AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1614000 | PA      | $1533366.50   | 0.02%             | 2050-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Elevation Park Metropolitan District                                                                                                                 | Elevation Park Metropolitan District, Series 2021, GO Bonds                                                                                            | CUSIP: 28624KAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2440000 | PA      | $1921870.88   | 0.03%             | 2051-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                                                                                                          | Black Desert Public Infrastructure District, Series 2021 A, GO Bonds                                                                                   | CUSIP: 09204PAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3220024.08   | 0.05%             | 2051-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                                                                                                          | Black Desert Public Infrastructure District, Series 2021 B, GO Bonds                                                                                   | CUSIP: 09204PAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5084858.35   | 0.07%             | 2051-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Villa Park (Village of), IL (Garden Station Redevelopment)                                                                                           | Villa Park (Village of), IL (Garden Station Redevelopment), Series 2021, RB                                                                            | CUSIP: 927023AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1629945.93   | 0.02%             | 2038-12-31      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Health Facilities Authority (Terraces of Boise)                                                                                     | Idaho (State of) Health Facilities Authority (Terraces of Boise), Series 2014, RB                                                                      | CUSIP: 451295A66<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970080.30    | 0.01%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Health Facilities Authority (Terraces of Boise)                                                                                     | Idaho (State of) Health Facilities Authority (Terraces of Boise), Series 2014, RB                                                                      | CUSIP: 451295A82<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |  10030000 | PA      | $8736159.09   | 0.12%             | 2050-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Health Facilities Authority (Terraces of Boise)                                                                                     | Idaho (State of) Health Facilities Authority (Terraces of Boise), Series 2014, RB                                                                      | CUSIP: 451295A90<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |  19500000 | PA      | $16816291.05  | 0.24%             | 2056-10-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Health Facilities Authority (Terraces of Boise)                                                                                     | Idaho (State of) Health Facilities Authority (Terraces of Boise), Series 2021, Ref. RB                                                                 | CUSIP: 451295B24<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2532761.24   | 0.04%             | 2028-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Conestoga Metropolitan District No. 2                                                                                                                | Conestoga Metropolitan District No. 2, Series 2021 A, GO Bonds                                                                                         | CUSIP: 207020AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1466662.44   | 0.02%             | 2051-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Johnstown Farms East Metropolitan District                                                                                                           | Johnstown Farms East Metropolitan District, Series 2021, GO Bonds                                                                                      | CUSIP: 47953AAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2562000 | PA      | $2202251.65   | 0.03%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Bluff Metropolitan District No. 2                                                                                                               | Lake Bluff Metropolitan District No. 2, Series 2021, Ref. GO Bonds                                                                                     | CUSIP: 507625AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11777000 | PA      | $10461132.24  | 0.15%             | 2051-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Morgan Hill Metropolitan District No. 3                                                                                                              | Morgan Hill Metropolitan District No. 3, Series 2021 B, GO Bonds                                                                                       | CUSIP: 61740BAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1463708.84   | 0.02%             | 2051-12-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Health & Educational Facilities Authority (Massachusetts Institute of Technology)                                    | Massachusetts (Commonwealth of) Health & Educational Facilities Authority (Massachusetts Institute of Technology), Series 2002 K, RB                   | CUSIP: 57585KWD6<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |   5015000 | PA      | $5948655.09   | 0.09%             | 2032-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Legacy Traditional Schools)                                                                                | Arlington Higher Education Finance Corp. (Legacy Traditional Schools), Series 2021, Ref. RB                                                            | CUSIP: 0418064X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8025000 | PA      | $5842649.40   | 0.08%             | 2051-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Legacy Traditional Schools)                                                                                | Arlington Higher Education Finance Corp. (Legacy Traditional Schools), Series 2021, Ref. RB                                                            | CUSIP: 0418064Y3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2161480.80   | 0.03%             | 2056-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Madison Academy)                                                                                              | Michigan (State of) Finance Authority (Madison Academy), Series 2021, Ref. RB                                                                          | CUSIP: 594479GU5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1134634.45   | 0.02%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp.                                                                                                           | Westchester County Local Development Corp., Series 2021, Ref. RB                                                                                       | CUSIP: 95737TES1<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4988419.50   | 0.07%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Ascend Leadership Academy)                                                                            | Wisconsin (State of) Public Finance Authority (Ascend Leadership Academy), Series 2021 A, RB                                                           | CUSIP: 744396GT3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1649948.80   | 0.02%             | 2051-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Ascend Leadership Academy)                                                                            | Wisconsin (State of) Public Finance Authority (Ascend Leadership Academy), Series 2021 A, RB                                                           | CUSIP: 744396GU0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1132220.74   | 0.02%             | 2056-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Settler's Crossing Metropolitan District No. 1                                                                                                       | Settler's Crossing Metropolitan District No. 1, Series 2021 C, GO Bonds                                                                                | CUSIP: 81782QAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4560000 | PA      | $4568091.72   | 0.07%             | 2052-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy)                                                            | Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy), Series 2022, Ref. RB                                        | CUSIP: 72177MUQ8<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   8800000 | PA      | $6849074.32   | 0.10%             | 2051-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colliers Hill Metropolitan District No. 1                                                                                                            | Colliers Hill Metropolitan District No. 1, Series 2021 C, GO Bonds                                                                                     | CUSIP: 194687AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2354212.14   | 0.03%             | 2049-12-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                                 | San Diego (County of), CA Regional Airport Authority, Series 2021 B, RB                                                                                | CUSIP: 79739GNZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2363685.31   | 0.03%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Imagine School at North Manatee)                                                                                         | Capital Trust Agency, Inc. (Imagine School at North Manatee), Series 2021 C, RB                                                                        | CUSIP: 14054CES4<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    520000 | PA      | $441913.32    | 0.01%             | 2056-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broome County Local Development Corp. (Good Shepherd Village at Endwell)                                                                             | Broome County Local Development Corp. (Good Shepherd Village at Endwell), Series 2021, Ref. RB                                                         | CUSIP: 114731BE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $987365.09    | 0.01%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community)                                                            | New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community), Series 2021 A-2, RB                                         | CUSIP: 64542UFQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2390000.00   | 0.03%             | 2036-11-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (New Springs, Inc.)                                                                                                       | Capital Trust Agency, Inc. (New Springs, Inc.), Series 2021, RB                                                                                        | CUSIP: 14054CEU9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   6140000 | PA      | $4208754.49   | 0.06%             | 2056-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community)                                                            | New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community), Series 2021 A-1, RB                                         | CUSIP: 64542UFP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $285000.00    | 0.00%             | 2037-11-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community)                                                            | New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community), Series 2021, RB                                             | CUSIP: 64542UFR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7844244 | PA      | $3373182.59   | 0.05%             | 2061-11-15      | Variable      | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Bolingbrook (Village of), IL                                                                                                                         | Bolingbrook (Village of), IL, Series 2005, RB                                                                                                          | CUSIP: 09755LAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $3195000.00   | 0.05%             | 2026-01-01      | Variable      | 6.00%                 | No            |                  3 | On Loan: No      |
| Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities)                                                                | Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities), Series 2021, RB                                                 | CUSIP: 16080TAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4231799.55   | 0.06%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Aberdeen Metropolitan District No. 2                                                                                                                 | Aberdeen Metropolitan District No. 2, Series 2021, Ref. GO Bonds                                                                                       | CUSIP: 003103AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6055000 | PA      | $5654212.89   | 0.08%             | 2051-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                                                                                            | Golden State Tobacco Securitization Corp., Series 2021 B-2, Ref. RB                                                                                    | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 472403000 | PA      | $50848183.43  | 0.73%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (Aberdeen Ridge)                                                                                     | Colorado (State of) Health Facilities Authority (Aberdeen Ridge), Series 2021 A, RB                                                                    | CUSIP: 19648FTG9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3030409.50   | 0.04%             | 2044-05-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Green Bonds)                                                                                                             | Capital Trust Agency, Inc. (Green Bonds), Series 2021, RB                                                                                              | CUSIP: 14052WEC7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   2220000 | PA      | $1648076.50   | 0.02%             | 2051-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Aurora Highlands Community Authority Board                                                                                                           | Aurora Highlands Community Authority Board, Series 2021 A, Ref. RB                                                                                     | CUSIP: 05164HAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  40000000 | PA      | $38754072.00  | 0.55%             | 2051-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Proton International)                                                                                 | Wisconsin (State of) Public Finance Authority (Proton International), Series 2021 A, RB                                                                | CUSIP: 74442PVP7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7370403.00   | 0.11%             | 2041-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Proton International)                                                                                 | Wisconsin (State of) Public Finance Authority (Proton International), Series 2021 A, RB                                                                | CUSIP: 74442PVQ5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  11110000 | PA      | $7614459.59   | 0.11%             | 2051-01-01      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University (Green Bonds)                                                                                                     | Oregon Health & Science University (Green Bonds), Series 2021 A, Ref. RB                                                                               | CUSIP: 685869HG7<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7101817.00   | 0.10%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of)                                                                                                                      | Massachusetts (Commonwealth of), Series 2004 A, Ref. GO Bonds                                                                                          | CUSIP: 57582NUZ6<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  32040000 | PA      | $35821572.26  | 0.51%             | 2030-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                             | Chicago (City of), IL Board of Education, Series 2022 A, GO Bonds                                                                                      | CUSIP: 167505YC4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1516629.00   | 0.02%             | 2047-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| USAFA Visitor's Center Business Improvement District                                                                                                 | USAFA Visitor's Center Business Improvement District, Series 2022 C, RB                                                                                | CUSIP: 917305AL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24275000 | PA      | $24356265.42  | 0.35%             | 2052-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Jepson Canyon Public Infrastructure District No. 1                                                                                                   | Jepson Canyon Public Infrastructure District No. 1, Series 2022 A, GO Bonds                                                                            | CUSIP: 47632MAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3280000 | PA      | $2629646.19   | 0.04%             | 2051-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Jepson Canyon Public Infrastructure District No. 1                                                                                                   | Jepson Canyon Public Infrastructure District No. 1, Series 2022 B, GO Bonds                                                                            | CUSIP: 47632MAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    579000 | PA      | $533002.39    | 0.01%             | 2051-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                                           | Metropolitan Washington Airports Authority, Series 2022, Ref. RB                                                                                       | CUSIP: 592643DR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4365000 | PA      | $3890499.62   | 0.06%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alachua (County of), FL Health Facilities Authority (Terraces at Bonita Springs)                                                                     | Alachua (County of), FL Health Facilities Authority (Terraces at Bonita Springs), Series 2022 A, Ref. RB                                               | CUSIP: 010685LE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  40750000 | PA      | $29962729.28  | 0.43%             | 2061-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Logistics Airport Authority                                                                                                      | Southern California Logistics Airport Authority, Series 2008 A, RB                                                                                     | CUSIP: 842472DP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18085000 | PA      | $4447944.26   | 0.06%             | 2050-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Southern California Logistics Airport Authority                                                                                                      | Southern California Logistics Airport Authority, Series 2008 A, RB                                                                                     | CUSIP: 842472DN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18085000 | PA      | $4748757.49   | 0.07%             | 2049-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Southern California Logistics Airport Authority                                                                                                      | Southern California Logistics Airport Authority, Series 2008 A, RB                                                                                     | CUSIP: 842472DJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18085000 | PA      | $6050888.34   | 0.09%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Southern California Logistics Airport Authority                                                                                                      | Southern California Logistics Airport Authority, Series 2008 A, RB                                                                                     | CUSIP: 842472DM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18085000 | PA      | $4998442.62   | 0.07%             | 2048-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Southern California Logistics Airport Authority                                                                                                      | Southern California Logistics Airport Authority, Series 2008 A, RB                                                                                     | CUSIP: 842472DL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18085000 | PA      | $5365638.65   | 0.08%             | 2047-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Southern California Logistics Airport Authority                                                                                                      | Southern California Logistics Airport Authority, Series 2008 A, RB                                                                                     | CUSIP: 842472DK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18085000 | PA      | $5693537.79   | 0.08%             | 2046-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (UF Health Jacksonville)                                                                                           | Florida Development Finance Corp. (UF Health Jacksonville), Series 2022, Ref. RB                                                                       | CUSIP: 34061QBU0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2914830.60   | 0.04%             | 2052-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colliers Hill Metropolitan District No. 2                                                                                                            | Colliers Hill Metropolitan District No. 2, Series 2022 B-2, GO Bonds                                                                                   | CUSIP: 194689AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5782000 | PA      | $5815467.95   | 0.08%             | 2042-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Housing & Finance Association (Future Public School)                                                                                | Idaho (State of) Housing & Finance Association (Future Public School), Series 2022 A, RB                                                               | CUSIP: 45129GHY4<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1219870.38   | 0.02%             | 2057-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp. (7 World Trade Center)                                                                                            | New York Liberty Development Corp. (7 World Trade Center), Series 2022, Ref. RB                                                                        | CUSIP: 649519EZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9130000 | PA      | $6930772.90   | 0.10%             | 2050-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (95 Express Lanes LLC)                                                                 | Virginia (Commonwealth of) Small Business Financing Authority (95 Express Lanes LLC), Series 2022, Ref. RB                                             | CUSIP: 928104PS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $482886.45    | 0.01%             | 2040-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) International Center Metropolitan District No. 14                                                                                | Colorado (State of) International Center Metropolitan District No. 14, Series 2022, GO Bonds                                                           | CUSIP: 196502AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15035007.00  | 0.22%             | 2051-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Commercial Metals Co.)                                                                    | Maricopa (County of), AZ Industrial Development Authority (Commercial Metals Co.), Series 2022, RB                                                     | CUSIP: 56678TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15700000 | PA      | $13363959.32  | 0.19%             | 2047-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Deer Creek Villas Metropolitan District                                                                                                              | Deer Creek Villas Metropolitan District, Series 2022 B, GO Bonds                                                                                       | CUSIP: 24382CAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $652586.94    | 0.01%             | 2055-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Berthoud-Heritage Metropolitan District No. 10                                                                                                       | Berthoud-Heritage Metropolitan District No. 10, Series 2022 B, GO Bonds                                                                                | CUSIP: 08587QAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6840000 | PA      | $6857584.27   | 0.10%             | 2052-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group)                                                                  | Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2022, RB                                                   | CUSIP: 68450LGQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17245000 | PA      | $15180385.49  | 0.22%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels)                                                                                         | Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022 A, Ref. RB                                                                   | CUSIP: 89602HCJ4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  11490000 | PA      | $11796084.41  | 0.17%             | 2057-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 YY, RB                                                                             | CUSIP: 74526QXT4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $801000.00    | 0.01%             | 2040-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Riverwalk Metropolitan District No. 2                                                                                                                | Riverwalk Metropolitan District No. 2, Series 2022 B, RB                                                                                               | CUSIP: 769504AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5902000 | PA      | $5915775.27   | 0.08%             | 2052-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Waterview II Metropolitan District                                                                                                                   | Waterview II Metropolitan District, Series 2022 B, GO Bonds                                                                                            | CUSIP: 94222GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2915000 | PA      | $2922524.20   | 0.04%             | 2051-12-15      | Fixed         | 8.00%                 | 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        |  24758000 | PA      | $22893786.97  | 0.33%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                        | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  19150000 | PA      | $17039401.90  | 0.24%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                        | Puerto Rico (Commonwealth of), Subseries 2022, RN                                                                                                      | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2114855 | PA      | $1356150.95   | 0.02%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Ascent Academies of Utah)                                                                          | Utah (State of) Charter School Finance Authority (Ascent Academies of Utah), Series 2022, RB                                                           | CUSIP: 91754TS38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9640000 | PA      | $8159851.26   | 0.12%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brevard (County of), FL Health Facilities Authority (Health First Obligated Group)                                                                   | Brevard (County of), FL Health Facilities Authority (Health First Obligated Group), Series 2022 A, Ref. RB                                             | CUSIP: 107416QP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10144196.00  | 0.15%             | 2052-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Facilities Financing Authority                                                                                                     | California School Facilities Financing Authority, Series 2010, RB                                                                                      | CUSIP: 13058RAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  29405000 | PA      | $8822893.80   | 0.13%             | 2049-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Explore Academy)                                                                                      | Wisconsin (State of) Public Finance Authority (Explore Academy), Series 2022 A, RB                                                                     | CUSIP: 74443DHC8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3580000 | PA      | $3519160.05   | 0.05%             | 2050-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Grand Hyatt San Antonio)                                                                              | Wisconsin (State of) Public Finance Authority (Grand Hyatt San Antonio), Series 2022 B, RB                                                             | CUSIP: 74447DAJ6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3587508.40   | 0.05%             | 2046-02-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Convention Center Hotel Revenue                                                                                                 | County of Broward FL Convention Center Hotel Revenue, Series 2022, RB                                                                                  | CUSIP: 115012AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10602980.00  | 0.15%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Northshore Edward Elmhurst Health Credit Group)                                                               | Illinois (State of) Finance Authority (Northshore Edward Elmhurst Health Credit Group), Series 2022 A, Ref. RB                                         | CUSIP: 45204FQC2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  25000000 | PA      | $25262707.50  | 0.36%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                        | Puerto Rico (Commonwealth of), Subseries 2022, RN                                                                                                      | CUSIP: 74514L4C8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   5926466 | PA      | $3874427.30   | 0.06%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Mater Academy)                                                                                                    | Florida Development Finance Corp. (Mater Academy), Series 2022 A, RB                                                                                   | CUSIP: 34061UKQ0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   8815000 | PA      | $8392259.93   | 0.12%             | 2056-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hess Ranch Metropolitan District No. 6                                                                                                               | Hess Ranch Metropolitan District No. 6, Series 2022 C, GO Bonds                                                                                        | CUSIP: 428112AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15569000 | PA      | $15627774.53  | 0.22%             | 2052-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Uwharrie Charter Academy)                                                                             | Wisconsin (State of) Public Finance Authority (Uwharrie Charter Academy), Series 2022 A, RB                                                            | CUSIP: 74442EJH4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $927358.50    | 0.01%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Iowa Fertilizer Co.)                                                                                              | Iowa (State of) Finance Authority (Iowa Fertilizer Co.), Series 2022, Ref. RB                                                                          | CUSIP: 46246SAU9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   7700000 | PA      | $8859186.49   | 0.13%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Iowa Fertilizer Co.)                                                                                              | Iowa (State of) Finance Authority (Iowa Fertilizer Co.), Series 2022, Ref. RB                                                                          | CUSIP: 46246SAV7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   7200000 | PA      | $8283914.64   | 0.12%             | 2042-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (University of Evansville)                                                                                      | Indiana (State of) Finance Authority (University of Evansville), Series 2022 A, Ref. RB                                                                | CUSIP: 45470ECB9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   6465000 | PA      | $6413671.78   | 0.09%             | 2044-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| El Paso (City of), TX                                                                                                                                | El Paso (City of), TX, Series 2022, RB                                                                                                                 | CUSIP: 283822WJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9928333.80   | 0.14%             | 2049-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Uwharrie Charter Academy)                                                                             | Wisconsin (State of) Public Finance Authority (Uwharrie Charter Academy), Series 2022, RB                                                              | CUSIP: 74442EJK7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8113335.30   | 0.12%             | 2062-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix (City of), AZ Industrial Development Authority (The) (Overland Crossing)                                                                     | Phoenix (City of), AZ Industrial Development Authority (The) (Overland Crossing), Series 2022, RB                                                      | CUSIP: 71884NAA9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   7900000 | PA      | $6958640.74   | 0.10%             | 2052-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust IV                                                                                                                   | New York Counties Tobacco Trust IV, Series 2010 A, RB                                                                                                  | CUSIP: 62947YAL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5992000 | PA      | $5784757.69   | 0.08%             | 2041-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science)                                                                    | Arizona (State of) Industrial Development Authority (Academies of Math & Science), Series 2022, RB                                                     | CUSIP: 04052BSK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $470327.10    | 0.01%             | 2052-07-01      | Fixed         | 5.25%                 | 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 2022, RB                                                | CUSIP: 13058TPV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2780574.36   | 0.04%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fourth North Business Improvement District                                                                                                           | Fourth North Business Improvement District, Series 2022 B, RB                                                                                          | CUSIP: 35122CAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4525000 | PA      | $4537993.99   | 0.06%             | 2052-12-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Emerald Gardens)                                                                           | St. Paul (City of), MN Housing & Redevelopment Authority (Emerald Gardens), Series 2010, Ref. RB                                                       | CUSIP: 792904FH2<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    355000 | PA      | $355188.82    | 0.01%             | 2029-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Velocity Metropolitan District No. 5                                                                                                                 | Velocity Metropolitan District No. 5, Series 2022 B, GO Bonds                                                                                          | CUSIP: 92259JAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14197000 | PA      | $14239407.86  | 0.20%             | 2039-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Crossroads Metropolitan District No. 1                                                                                                               | Crossroads Metropolitan District No. 1, Series 2022, GO Bonds                                                                                          | CUSIP: 22766BAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7460000 | PA      | $7405157.81   | 0.11%             | 2051-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp. (Green Bonds)                                                                                                     | New York Liberty Development Corp. (Green Bonds), Series 2021 A, Ref. RB                                                                               | CUSIP: 649519FH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7354373.00   | 0.11%             | 2051-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                           | Miami-Dade (County of), FL, Series 2021, RB                                                                                                            | CUSIP: 59334DNN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $8897122.80   | 0.13%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 UU, Ref. RB                                                                        | CUSIP: 74526QLX8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $2826250.00   | 0.04%             | 2026-07-01      | Floating      | 3.73%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 UU, Ref. RB                                                                        | CUSIP: 74526QLZ3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $1368375.00   | 0.02%             | 2031-07-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 XX, RB                                                                             | CUSIP: 74526QVY5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    620000 | PA      | $412300.00    | 0.01%             | 2026-07-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 ZZ, Ref. RB                                                                        | CUSIP: 74526QWY4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    310000 | PA      | $206925.00    | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 AAA, RB                                                                            | CUSIP: 74526QXY3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    840000 | PA      | $558600.00    | 0.01%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The))                                                                    | New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The)), Series 2022 A, RB                                                   | CUSIP: 64542UGH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506057.50    | 0.01%             | 2057-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                                        | Denver (City & County of), CO, Series 2022 A, RB                                                                                                       | CUSIP: 249182QY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4534285.50   | 0.06%             | 2053-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels)                                                                                         | Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022 A, RB                                                                        | CUSIP: 896035BE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20924314.00  | 0.30%             | 2057-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Murphy Creek Metropolitan District No. 5                                                                                                             | Murphy Creek Metropolitan District No. 5, Series 2022 A, GO Bonds                                                                                      | CUSIP: 626657AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2861758.20   | 0.04%             | 2052-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Murphy Creek Metropolitan District No. 5                                                                                                             | Murphy Creek Metropolitan District No. 5, Series 2022 B, GO Bonds                                                                                      | CUSIP: 626657AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3532000 | PA      | $3538703.74   | 0.05%             | 2052-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The))                                                                    | New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The)), Series 2022, RB                                                     | CUSIP: 64542UGJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $290305.63    | 0.00%             | 2027-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York (State of) Thruway Authority (Bidding Group 2) (Green Bonds)                                                                                | New York (State of) Thruway Authority (Bidding Group 2) (Green Bonds), Series 2022 C, RB                                                               | CUSIP: 650028ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4660623.00   | 0.07%             | 2056-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| New York (State of) Thruway Authority (Bidding Group 1) (Green Bonds)                                                                                | New York (State of) Thruway Authority (Bidding Group 1) (Green Bonds), Series 2022 C, RB                                                               | CUSIP: 650028ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $13966441.50  | 0.20%             | 2057-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Christus Health)                                                                         | Tarrant County Cultural Education Facilities Finance Corp. (Christus Health), Series 2022 A, RB                                                        | CUSIP: 87638TGV9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   4345000 | PA      | $3855940.27   | 0.06%             | 2053-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arkansas (State of) Development Finance Authority (Green Bonds)                                                                                      | Arkansas (State of) Development Finance Authority (Green Bonds), Series 2022, RB                                                                       | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20290000 | PA      | $20374980.61  | 0.29%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Central Charter School)                                                                                           | Florida Development Finance Corp. (Central Charter School), Series 2022, Ref. RB                                                                       | CUSIP: 34061ULH9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1446397.62   | 0.02%             | 2042-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Central Charter School)                                                                                           | Florida Development Finance Corp. (Central Charter School), Series 2022, Ref. RB                                                                       | CUSIP: 34061ULJ5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4631693.50   | 0.07%             | 2052-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Central Charter School)                                                                                           | Florida Development Finance Corp. (Central Charter School), Series 2022, Ref. RB                                                                       | CUSIP: 34061ULK2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5387689.63   | 0.08%             | 2057-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Legacy Traditional Schools)                                                                                | Arlington Higher Education Finance Corp. (Legacy Traditional Schools), Series 2022, RB                                                                 | CUSIP: 041807AY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5820757.20   | 0.08%             | 2057-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Sacramento (County of), CA (Metro Air Park Community)                                                                                                | Sacramento (County of), CA (Metro Air Park Community), Series 2022, Ref. RB                                                                            | CUSIP: 786153RT5<br>LEI: 549300OXI5MD45L13R20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031490.40   | 0.01%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown East Streetcar Sewer Public Infrastructure District                                                                                         | Downtown East Streetcar Sewer Public Infrastructure District, Series 2022 B, GO Bonds                                                                  | CUSIP: 261151AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1239000 | PA      | $1239398.71   | 0.02%             | 2053-03-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Rudolph Farms Metropolitan District No. 6                                                                                                            | Rudolph Farms Metropolitan District No. 6, Series 2022 A, GO Bonds                                                                                     | CUSIP: 78128QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13500000 | PA      | $13176584.55  | 0.19%             | 2052-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                                                 | Chicago (City of), IL (O'Hare International Airport), Series 2022 A, RB                                                                                | CUSIP: 167593Y48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3495000 | PA      | $3622742.95   | 0.05%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                           | Miami-Dade (County of), FL, Series 2022, RB                                                                                                            | CUSIP: 59333N3H4<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |  15720000 | PA      | $16303543.69  | 0.23%             | 2052-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Transit System                                                                                                            | Miami-Dade (County of), FL Transit System, Series 2022, RB                                                                                             | CUSIP: 59334PKZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10417579.00  | 0.15%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                                                 | Chicago (City of), IL (O'Hare International Airport), Series 2022, RB                                                                                  | CUSIP: 167593X64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14196921.20  | 0.20%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seminole (County of), FL                                                                                                                             | Seminole (County of), FL, Series 2022, Ref. RB                                                                                                         | CUSIP: 816699BN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10339672.00  | 0.15%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Water Development Board                                                                                                             | Texas (State of) Water Development Board, Series 2022, RB                                                                                              | CUSIP: 88285ABJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  33000000 | PA      | $33696857.70  | 0.48%             | 2052-10-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Water Development Board                                                                                                             | Texas (State of) Water Development Board, Series 2022, RB                                                                                              | CUSIP: 88285ABK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3604531.35   | 0.05%             | 2057-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport)                                                                     | New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2022, RB                                                      | CUSIP: 650116FU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4800850.00   | 0.07%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                                               | New York (City of), NY, Subseries 2022 B-1, GO Bonds                                                                                                   | CUSIP: 64966QL57<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10493582.00  | 0.15%             | 2047-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Green Local School District/Summit County                                                                                                            | Green Local School District/Summit County, Series 2022, GO Bonds                                                                                       | CUSIP: 393190HN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10513123.00  | 0.15%             | 2059-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (CommonSpirit Health)                                                                                | Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2022, RB                                                                 | CUSIP: 19648FWT7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7671607.08   | 0.11%             | 2047-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (CommonSpirit Health)                                                                                | Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2022, RB                                                                 | CUSIP: 19648FWU4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4644928.35   | 0.07%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hamden (Town of), CT (Whitney Center)                                                                                                                | Hamden (Town of), CT (Whitney Center), Series 2022 A, RB                                                                                               | CUSIP: 406802AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4234856.40   | 0.06%             | 2053-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District (The) (Gas)                                                                                                           | Black Belt Energy Gas District (The) (Gas), Series 2022 F, RB                                                                                          | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4229450.00   | 0.06%             | 2028-12-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Missouri Development Finance Board                                                                                                                   | Missouri Development Finance Board, Series 2022, Ref. RB                                                                                               | CUSIP: 60636VDF1<br>LEI: 549300JD8BCNBV9D3830 | Long             | DBT              | MUN               | US        |  10005000 | PA      | $10286062.46  | 0.15%             | 2052-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Sanitary Authority                                                                                                         | Allegheny (County of), PA Sanitary Authority, Series 2022, RB                                                                                          | CUSIP: 017357N83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3122452.50   | 0.04%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Enloe Medical Center)                                                             | California (State of) Statewide Communities Development Authority (Enloe Medical Center), Series 2022 A, RB                                            | CUSIP: 13080SM76<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2055636.20   | 0.03%             | 2052-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Enloe Medical Center)                                                             | California (State of) Statewide Communities Development Authority (Enloe Medical Center), Series 2022 A, RB                                            | CUSIP: 13080SM84<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10331841.00  | 0.15%             | 2057-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                                                                | New York (City of), NY Transitional Finance Authority, Subseries 2022 D-1, RB                                                                          | CUSIP: 64971X4F2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $13158817.50  | 0.19%             | 2048-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Palomar Health)                                                                                   | California (State of) Municipal Finance Authority (Palomar Health), Series 2022 A, Ref. COP                                                            | CUSIP: 130493CL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3092911.50   | 0.04%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Green Dot Public Schools)                                                                            | California (State of) School Finance Authority (Green Dot Public Schools), Series 2022, Ref. RB                                                        | CUSIP: 13059THG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1205740.50   | 0.02%             | 2042-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Green Dot Public Schools)                                                                            | California (State of) School Finance Authority (Green Dot Public Schools), Series 2022, Ref. RB                                                        | CUSIP: 13059THH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1214793.18   | 0.02%             | 2052-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Housing Development Authority                                                                                                    | Michigan (State of) Housing Development Authority, Series 2022, RB                                                                                     | CUSIP: 594654SE6<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10694384.00  | 0.15%             | 2037-12-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Housing Development Authority                                                                                                    | Michigan (State of) Housing Development Authority, Series 2022, RB                                                                                     | CUSIP: 594654SF3<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   4425000 | PA      | $4596202.37   | 0.07%             | 2040-12-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| County of St. Johns FL Water & Sewer Revenue                                                                                                         | County of St. Johns FL Water & Sewer Revenue, Series 2022, RB                                                                                          | CUSIP: 790420QR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14865000 | PA      | $15665428.22  | 0.22%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee (State of) School Bond Authority                                                                                                           | Tennessee (State of) School Bond Authority, Series 2022 A, RB                                                                                          | CUSIP: 880558QJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12835000 | PA      | $13531120.34  | 0.19%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee (State of) School Bond Authority                                                                                                           | Tennessee (State of) School Bond Authority, Series 2022, RB                                                                                            | CUSIP: 880558QP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30000000 | PA      | $31374459.00  | 0.45%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Green Dot Public Schools)                                                                            | California (State of) School Finance Authority (Green Dot Public Schools), Series 2022, Ref. RB                                                        | CUSIP: 13059THF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $625438.77    | 0.01%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Camden (County of), NJ Improvement Authority (The) (KIPP Cooper Norcross Academy) (Social Bonds)                                                     | Camden (County of), NJ Improvement Authority (The) (KIPP Cooper Norcross Academy) (Social Bonds), Series 2022, RB                                      | CUSIP: 13281PAB3<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1493262.63   | 0.02%             | 2047-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Camden (County of), NJ Improvement Authority (The) (KIPP Cooper Norcross Academy) (Social Bonds)                                                     | Camden (County of), NJ Improvement Authority (The) (KIPP Cooper Norcross Academy) (Social Bonds), Series 2022, RB                                      | CUSIP: 13281PAD9<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4464308.16   | 0.06%             | 2062-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                                        | Denver (City & County of), CO, Series 2022 D, Ref. RB                                                                                                  | CUSIP: 249182TM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8639056.80   | 0.12%             | 2045-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                                        | Denver (City & County of), CO, Series 2022 D, Ref. RB                                                                                                  | CUSIP: 249182TN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  26000000 | PA      | $26521224.61  | 0.38%             | 2053-11-15      | Fixed         | 5.00%                 | 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: 13058TKC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1170159.36   | 0.02%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                                                                                    | City & County of Denver CO Airport System Revenue, Series 2022, RB                                                                                     | CUSIP: 249182TL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4187885.60   | 0.06%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Baylor Scott & White Health)                                                             | Tarrant County Cultural Education Facilities Finance Corp. (Baylor Scott & White Health), Series 2022, RB                                              | CUSIP: 87638QSE0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15462769.50  | 0.22%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University)                                                            | Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University), Series 2022, RB                                             | CUSIP: 71780TBM4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |  18625000 | PA      | $19496270.05  | 0.28%             | 2060-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Newark High Education Finance Corp. (Hughen Center, Inc.)                                                                                            | Newark High Education Finance Corp. (Hughen Center, Inc.), Series 2022 A, RB                                                                           | CUSIP: 650346FR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513822.05    | 0.01%             | 2052-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida (State of) Department of Transportation                                                                                                      | Florida (State of) Department of Transportation, Series 2022, RB                                                                                       | CUSIP: 343137QQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10481910.00  | 0.15%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Municipal Water Finance Authority                                                                                             | New York (City of), NY Municipal Water Finance Authority, Series 2022 AA-3, Ref. RB                                                                    | CUSIP: 64972GC28<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10505318.00  | 0.15%             | 2047-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Invesco Rochester High Yield Municipal ETF                                                                                                           | Invesco Rochester High Yield Municipal ETF                                                                                                             | CUSIP: 46090A747<br>LEI: 5493006RURMGCZH0OI34 | Long             | EC               | RF                | US        |    323839 | NS      | $16465464.42  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| New York (State of), NY Housing Development Corp. (Green Bonds)                                                                                      | New York (State of), NY Housing Development Corp. (Green Bonds), Series 2022 F-1, RB                                                                   | CUSIP: 64972E3B3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2996075.70   | 0.04%             | 2052-11-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| New York (State of), NY Housing Development Corp. (Green Bonds)                                                                                      | New York (State of), NY Housing Development Corp. (Green Bonds), Series 2022 F-1, RB                                                                   | CUSIP: 64972E3C1<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3011680.20   | 0.04%             | 2057-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| North Las Vegas (City of), NV Special Improvement District No. 66 (Villages at Tule Springs Village 1)                                               | North Las Vegas (City of), NV Special Improvement District No. 66 (Villages at Tule Springs Village 1), Series 2022, RB                                | CUSIP: 66041HHN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $351978.54    | 0.01%             | 2042-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| North Las Vegas (City of), NV Special Improvement District No. 66 (Villages at Tule Springs Village 1)                                               | North Las Vegas (City of), NV Special Improvement District No. 66 (Villages at Tule Springs Village 1), Series 2022, RB                                | CUSIP: 66041HHQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1799751.10   | 0.03%             | 2052-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges)                                                      | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges), Series 2022, RB                                       | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11188798.50  | 0.16%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges)                                                      | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges), Series 2022, RB                                       | CUSIP: 70868YAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18500000 | PA      | $19637045.15  | 0.28%             | 2061-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges)                                                      | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges), Series 2022, RB                                       | CUSIP: 70868YAZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13814143.20  | 0.20%             | 2062-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (WFCS Portfolio)                                                                                                          | Capital Trust Agency, Inc. (WFCS Portfolio), Series 2021, RB                                                                                           | CUSIP: 14052WDV6<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |  11960000 | PA      | $996860.02    | 0.01%             | 2061-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                                                                                             | Cleveland-Cuyahoga County Port Authority, Series 2017, RB                                                                                              | CUSIP: 186103KK2<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   7360000 | PA      | $7643657.34   | 0.11%             | 2048-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Duluth (City of), MN Housing & Redevelopment Authority (Duluth Public Schools Academy)                                                               | Duluth (City of), MN Housing & Redevelopment Authority (Duluth Public Schools Academy), Series 2018, Ref. RB                                           | CUSIP: 264454AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1612764.00   | 0.02%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Midtown Metropoltan District                                                                                                                         | Midtown Metropoltan District, Series 2022 A-1, Ref. GO Bonds                                                                                           | CUSIP: 598072AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3190000 | PA      | $3373060.70   | 0.05%             | 2051-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Midtown Metropoltan District                                                                                                                         | Midtown Metropoltan District, Series 2022 A-2, Ref. GO Bonds                                                                                           | CUSIP: 598072AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4330000 | PA      | $4009729.39   | 0.06%             | 2051-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                                           | Texas (State of) Transportation Commission, Series 2019, RB                                                                                            | CUSIP: 88283NAU6<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   2605000 | PA      | $804709.77    | 0.01%             | 2049-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Scholar Academy)                                                                                   | Utah (State of) Charter School Finance Authority (Scholar Academy), Series 2018 A, RB                                                                  | CUSIP: 91754TVR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4195000 | PA      | $4023753.81   | 0.06%             | 2028-10-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Utah County Academy of Sciences)                                                                   | Utah (State of) Charter School Finance Authority (Utah County Academy of Sciences), Series 2018 A, RB                                                  | CUSIP: 91754TWW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3720000 | PA      | $3720236.22   | 0.05%             | 2028-07-15      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Benjamin Franklin Charter School)                                                               | Arizona (State of) Industrial Development Authority (Benjamin Franklin Charter School), Series 2023, RB                                                | CUSIP: 04052BTC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974066.40    | 0.01%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Benjamin Franklin Charter School)                                                               | Arizona (State of) Industrial Development Authority (Benjamin Franklin Charter School), Series 2023, RB                                                | CUSIP: 04052BTD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $941065.90    | 0.01%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                           | Miami-Dade (County of), FL, Series 2022 A, Ref. RB                                                                                                     | CUSIP: 59335KFB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10230979.00  | 0.15%             | 2052-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Verve Metropolitan District No. 1                                                                                                                    | Verve Metropolitan District No. 1, Series 2023, GO Bonds                                                                                               | CUSIP: 92538YAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4385000 | PA      | $4458397.88   | 0.06%             | 2052-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                                                                                       | Lamar Consolidated Independent School District, Series 2023, GO Bonds                                                                                  | CUSIP: 513174H88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $23512642.50  | 0.34%             | 2048-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (DePaul College Prep Foundation)                                                                               | Illinois (State of) Finance Authority (DePaul College Prep Foundation), Series 2023, Ref. RB                                                           | CUSIP: 45204FUE3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    500000 | PA      | $512121.30    | 0.01%             | 2053-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Waco (City of), TX                                                                                                                                   | Waco (City of), TX, Series 2023 A, Ctfs. Of Obligations                                                                                                | CUSIP: 929831WV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8660000 | PA      | $8251011.58   | 0.12%             | 2053-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                                                                                       | Lamar Consolidated Independent School District, Series 2023, GO Bonds                                                                                  | CUSIP: 513174J29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30000000 | PA      | $32209815.00  | 0.46%             | 2058-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tarrant (County of), TX Hospital District                                                                                                            | Tarrant (County of), TX Hospital District, Series 2023, GO Bonds                                                                                       | CUSIP: 876387FC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4776509.00   | 0.07%             | 2053-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Portland (Port of), OR (Green Bonds)                                                                                                                 | Portland (Port of), OR (Green Bonds), Twenty Ninth Series 2023, RB                                                                                     | CUSIP: 7352403J0<br>LEI: 549300BRH7XZ3ZK0DS46 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10622587.00  | 0.15%             | 2048-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Windler Public Improvement Authority                                                                                                                 | Windler Public Improvement Authority, Series 2021 A-2, RB                                                                                              | CUSIP: 973405AE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1307510.70   | 0.02%             | 2031-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                                                                                 | District of Columbia, Series 2023 A, GO Bonds                                                                                                          | CUSIP: 25476FA57<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |  11500000 | PA      | $12249497.55  | 0.18%             | 2048-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Parrish Charter Academy, Inc.)                                                                                    | Florida Development Finance Corp. (Parrish Charter Academy, Inc.), Series 2023, RB                                                                     | CUSIP: 34061ULY2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1992115.40   | 0.03%             | 2028-06-15      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp. (Classical Charter Schools)                                                                                                 | Build NYC Resource Corp. (Classical Charter Schools), Series 2023, RB                                                                                  | CUSIP: 12008EUH7<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1126958.25   | 0.02%             | 2053-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Auto Mall & Retail Public Infrastructure District                                                                                                    | Auto Mall & Retail Public Infrastructure District, Series 2023 B, GO Bonds                                                                             | CUSIP: 052736AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2095155.40   | 0.03%             | 2053-03-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| West Meadow Metropolitan District (Senior Bonds)                                                                                                     | West Meadow Metropolitan District (Senior Bonds), Series 2023 A, Ref. GO Bonds                                                                         | CUSIP: 954261AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1546501.65   | 0.02%             | 2050-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority (LCRA Transmission Services Corp.)                                                                                    | Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2023, Ref. RB                                                                | CUSIP: 54811BH53<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |  30000000 | PA      | $31607472.00  | 0.45%             | 2053-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arkansas (State of) Development Finance Authority (U.S. Steel Corp.) (Green Bonds)                                                                   | Arkansas (State of) Development Finance Authority (U.S. Steel Corp.) (Green Bonds), Series 2023, RB                                                    | CUSIP: 04110FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11500000 | PA      | $11733431.60  | 0.17%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Economic Development Authority (Empire Green Gerenation LLC)                                                                | West Virginia (State of) Economic Development Authority (Empire Green Gerenation LLC), Series 2023, RB                                                 | CUSIP: 95648VBN8<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $18000000.00  | 0.26%             | 2043-05-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| San Antonio (City of), TX                                                                                                                            | San Antonio (City of), TX, Series 2023 A, Ref. RB                                                                                                      | CUSIP: 79625GGT4<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10763078.00  | 0.15%             | 2050-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                                           | Metropolitan Washington Airports Authority, Series 2023, RB                                                                                            | CUSIP: 592647MC2<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   7710000 | PA      | $8032422.95   | 0.11%             | 2048-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                                           | Metropolitan Washington Airports Authority, Series 2023 A, Ref. RB                                                                                     | CUSIP: 592647ME8<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1221041.63   | 0.02%             | 2053-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Umatilla County School District No. 6R Umatilla                                                                                                      | Umatilla County School District No. 6R Umatilla, Series 2023 B, GO Bonds                                                                               | CUSIP: 904115FJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $2521470.00   | 0.04%             | 2053-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Liberty Draw Metropolitan District No. 6                                                                                                             | Liberty Draw Metropolitan District No. 6, Series 2023, GO Bonds                                                                                        | CUSIP: 53045HAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2740000 | PA      | $2789663.87   | 0.04%             | 2053-12-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Lowell Metropolitan District                                                                                                                         | Lowell Metropolitan District, Series 2023 B-3, Ref. GO Bonds                                                                                           | CUSIP: 547675AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1831000 | PA      | $1835026.00   | 0.03%             | 2052-12-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Valley Christian Schools)                                                                 | Maricopa (County of), AZ Industrial Development Authority (Valley Christian Schools), Series 2023, RB                                                  | CUSIP: 56678RAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1885114.61   | 0.03%             | 2043-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Valley Christian Schools)                                                                 | Maricopa (County of), AZ Industrial Development Authority (Valley Christian Schools), Series 2023, RB                                                  | CUSIP: 56678RAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1854782.47   | 0.03%             | 2053-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Valley Christian Schools)                                                                 | Maricopa (County of), AZ Industrial Development Authority (Valley Christian Schools), Series 2023, RB                                                  | CUSIP: 56678RAQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1225679.38   | 0.02%             | 2058-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Odyssey Academy, Inc.)                                                                                     | Arlington Higher Education Finance Corp. (Odyssey Academy, Inc.), Series 2023 A, RB                                                                    | CUSIP: 041807DW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4377101.50   | 0.06%             | 2053-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Henderson (City of), NV Local Improvement District No. T-22 (Rainbow Canyon Phase II)                                                                | Henderson (City of), NV Local Improvement District No. T-22 (Rainbow Canyon Phase II), Series 2023, RB                                                 | CUSIP: 425208WV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $491372.25    | 0.01%             | 2053-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Odyssey Academy, Inc.)                                                                                     | Arlington Higher Education Finance Corp. (Odyssey Academy, Inc.), Series 2023 A, RB                                                                    | CUSIP: 041807DV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3825000 | PA      | $3511698.46   | 0.05%             | 2043-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Lariat)                                                                                               | Wisconsin (State of) Public Finance Authority (Lariat), Series 2023, RB                                                                                | CUSIP: 74447TAA0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1427373.75   | 0.02%             | 2029-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wohali Public Infrastructure District No. 1 (Wohali Assessment Area #1)                                                                              | Wohali Public Infrastructure District No. 1 (Wohali Assessment Area #1), Series 2023, RB                                                               | CUSIP: 929335AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5630000 | PA      | $4627555.98   | 0.07%             | 2042-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Boggy Creek Improvement District                                                                                                                     | Boggy Creek Improvement District, Series 2023, Ref. RB                                                                                                 | CUSIP: 097206AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1816950.17   | 0.03%             | 2043-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Boggy Creek Improvement District                                                                                                                     | Boggy Creek Improvement District, Series 2023, Ref. RB                                                                                                 | CUSIP: 097206AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4325000 | PA      | $4386046.08   | 0.06%             | 2053-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Adelaide Pointe)                                                                                      | Wisconsin (State of) Public Finance Authority (Adelaide Pointe), Series 2023, RB                                                                       | CUSIP: 74447XAA1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7444591.50   | 0.11%             | 2052-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp. (Unity Preparatory Charter School of Brooklyn)                                                                              | Build NYC Resource Corp. (Unity Preparatory Charter School of Brooklyn), Series 2023, RB                                                               | CUSIP: 12008EUL8<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    600000 | PA      | $633518.88    | 0.01%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp. (Unity Preparatory Charter School of Brooklyn)                                                                              | Build NYC Resource Corp. (Unity Preparatory Charter School of Brooklyn), Series 2023, RB                                                               | CUSIP: 12008EUN4<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1137975.72   | 0.02%             | 2053-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Vista Meadows Metropolitan District                                                                                                                  | Vista Meadows Metropolitan District, Series 2023, GO Bonds                                                                                             | CUSIP: 92839EAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1418000 | PA      | $1419411.90   | 0.02%             | 2053-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Vista Meadows Metropolitan District (Senior Bonds)                                                                                                   | Vista Meadows Metropolitan District (Senior Bonds), Series 2023 A, GO Bonds                                                                            | CUSIP: 92839EAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8750000 | PA      | $8877470.00   | 0.13%             | 2053-12-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Monogalia (County of), WV (Development Disctict No. 4 - University Town Centre)                                                                      | Monogalia (County of), WV (Development Disctict No. 4 - University Town Centre), Series 2023, Ref. RB                                                  | CUSIP: 61022DAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1849727.18   | 0.03%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| St. Lucie (County of), FL School Board                                                                                                               | St. Lucie (County of), FL School Board, Series 2023 A, COP                                                                                             | CUSIP: 792075PT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19835000 | PA      | $18546930.97  | 0.27%             | 2053-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes)                           | Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes), Series 2023, RB            | CUSIP: 882667BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10430385.00  | 0.15%             | 2058-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority (Green Bonds)                                                                                         | Washington Metropolitan Area Transit Authority (Green Bonds), Series 2023 A, RB                                                                        | CUSIP: 93878YDT3<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20990262.00  | 0.30%             | 2053-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Quality Education Academy)                                                                            | Wisconsin (State of) Public Finance Authority (Quality Education Academy), Series 2023, RB                                                             | CUSIP: 744396JA1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    160000 | PA      | $164319.28    | 0.00%             | 2053-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Quality Education Academy)                                                                            | Wisconsin (State of) Public Finance Authority (Quality Education Academy), Series 2023, RB                                                             | CUSIP: 744396JB9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1732807.43   | 0.02%             | 2063-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Michigan (State of)                                                                                                                                  | Michigan (State of), Series 2023, RB                                                                                                                   | CUSIP: 5946954R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16344105.00  | 0.23%             | 2049-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District (Election of 2020)                                                                                          | Washington Township Health Care District (Election of 2020), Series 2023 B, GO Bonds                                                                   | CUSIP: 940642GF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1646617.80   | 0.02%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Imagine School At West Pasco Project)                                                                                       | Capital Trust Authority (Imagine School At West Pasco Project), Series 2023, RB                                                                        | CUSIP: 14054WAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2415000 | PA      | $2342506.77   | 0.03%             | 2053-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Imagine School At West Pasco Project)                                                                                       | Capital Trust Authority (Imagine School At West Pasco Project), Series 2023, RB                                                                        | CUSIP: 14054WAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2970599.49   | 0.04%             | 2058-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                                                | California (State of), Series 2023, GO Bonds                                                                                                           | CUSIP: 13063D5F1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16166598.00  | 0.23%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Bernardino City Unified School District                                                                                                          | San Bernardino City Unified School District, Series 2011 D, GO Bonds                                                                                   | CUSIP: 796711UR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13130000 | PA      | $8774357.53   | 0.13%             | 2037-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Bernardino City Unified School District                                                                                                          | San Bernardino City Unified School District, Series 2011 D, GO Bonds                                                                                   | CUSIP: 796711UQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7650000 | PA      | $5363265.83   | 0.08%             | 2036-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Bernardino City Unified School District                                                                                                          | San Bernardino City Unified School District, Series 2011 D, GO Bonds                                                                                   | CUSIP: 796711US6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13515000 | PA      | $8605935.74   | 0.12%             | 2038-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Bernardino City Unified School District                                                                                                          | San Bernardino City Unified School District, Series 2011 D, GO Bonds                                                                                   | CUSIP: 796711UT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13895000 | PA      | $8405452.33   | 0.12%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Bernardino City Unified School District                                                                                                          | San Bernardino City Unified School District, Series 2011 D, GO Bonds                                                                                   | CUSIP: 796711UU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14280000 | PA      | $8185908.61   | 0.12%             | 2040-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Bernardino City Unified School District                                                                                                          | San Bernardino City Unified School District, Series 2011 D, GO Bonds                                                                                   | CUSIP: 796711UV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14080000 | PA      | $7623385.09   | 0.11%             | 2041-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Uplands Metropolitan District No. 1                                                                                                                  | Uplands Metropolitan District No. 1, Series 2023 A, GO Bonds                                                                                           | CUSIP: 91544CAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7970000 | PA      | $7992628.42   | 0.11%             | 2053-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Water Development Board                                                                                                             | Texas (State of) Water Development Board, Series 2023 A, RB                                                                                            | CUSIP: 88285ADS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10339275.00  | 0.15%             | 2048-10-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                                 | San Diego (County of), CA Regional Airport Authority, Series 2023 B, RB                                                                                | CUSIP: 79739GRL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25405000 | PA      | $26115776.01  | 0.37%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Birdville Independent School District                                                                                                                | Birdville Independent School District, Series 2023, GO Bonds                                                                                           | CUSIP: 090874RT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11440000 | PA      | $10790318.97  | 0.15%             | 2048-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                                                                                        | North Texas Tollway Authority, Series 2011 B, RB                                                                                                       | CUSIP: 66285WHD1<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |  15500000 | PA      | $8336913.70   | 0.12%             | 2031-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| El Paso (City of), TX                                                                                                                                | El Paso (City of), TX, Series 2022 A, RB                                                                                                               | CUSIP: 283822YC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9950000 | PA      | $9409437.40   | 0.13%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Columbia (City of), GA (Wellstar Health System, Inc.)                                                                                                | Columbia (City of), GA (Wellstar Health System, Inc.), Series 2023, RAC                                                                                | CUSIP: 197479AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6375000 | PA      | $6891376.91   | 0.10%             | 2053-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Hospital Finance Authority (Vandalia Health Group)                                                                          | West Virginia (State of) Hospital Finance Authority (Vandalia Health Group), Series 2023 B, RB                                                         | CUSIP: 956622W83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3281094.30   | 0.05%             | 2048-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Hospital Finance Authority (Vandalia Health Group)                                                                          | West Virginia (State of) Hospital Finance Authority (Vandalia Health Group), Series 2023 B, RB                                                         | CUSIP: 956622X25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $14131020.80  | 0.20%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)                                                               | New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2023, RB                                                | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18500000 | PA      | $19441268.90  | 0.28%             | 2040-04-01      | Fixed         | 5.62%                 | 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), Second Series 2023 C, Ref. RB                           | CUSIP: 79766DVY2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10825998.00  | 0.15%             | 2048-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                             | Chicago (City of), IL Board of Education, Series 2023 A, GO Bonds                                                                                      | CUSIP: 167505ZG4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007829.20   | 0.01%             | 2049-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Walnut Creek Special Utility District                                                                                                                | Walnut Creek Special Utility District, Series 2023, RB                                                                                                 | CUSIP: 932716KN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2791737.48   | 0.04%             | 2054-01-10      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                             | Chicago (City of), IL Board of Education, Series 2023 A, GO Bonds                                                                                      | CUSIP: 167505ZF6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3013325.70   | 0.04%             | 2047-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                                                                                         | Salt River Project Agricultural Improvement & Power District, Series 2023 B, RB                                                                        | CUSIP: 79574CFR9<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12779347.20  | 0.18%             | 2053-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Educational Facilities Authority (Saint Mary's College of California)                                                          | California (State of) Educational Facilities Authority (Saint Mary's College of California), Series 2023, Ref. RB                                      | CUSIP: 130179VJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1268218.35   | 0.02%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Forest Trace Metropolitan District No. 3                                                                                                             | Forest Trace Metropolitan District No. 3, Series 2023 B, GO Bonds                                                                                      | CUSIP: 34619QAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    968000 | PA      | $970196.49    | 0.01%             | 2047-12-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                        | Wisconsin (State of) Public Finance Authority, Series 2023, RB                                                                                         | CUSIP: 74442ELF5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1373158.58   | 0.02%             | 2053-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                        | Wisconsin (State of) Public Finance Authority, Series 2023, RB                                                                                         | CUSIP: 74442ELG3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017524.20   | 0.01%             | 2058-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Midtown Clear Creek Metropolitan District                                                                                                            | Midtown Clear Creek Metropolitan District, Series 2023 B, Ref. GO Bonds                                                                                | CUSIP: 59809CAZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    699000 | PA      | $700639.02    | 0.01%             | 2053-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                            | New Jersey (State of) Transportation Trust Fund Authority, Series 2023 BB, RB                                                                          | CUSIP: 64613CEH7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12656214.00  | 0.18%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank (Convention Center Hotel)                                                                            | Indianapolis Local Public Improvement Bond Bank (Convention Center Hotel), Series 2023 E, RB                                                           | CUSIP: 45528U6X4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2093988.00   | 0.03%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Public Facilities Authority (Waste Pro USA, Inc.)                                                                               | Louisiana (State of) Public Facilities Authority (Waste Pro USA, Inc.), Series 2023, RB                                                                | CUSIP: 54640TAM1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4739062.50   | 0.07%             | 2028-10-01      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds)                                     | New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds), Series 2023, RB                      | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30745000 | PA      | $31983257.95  | 0.46%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds)                                     | New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds), Series 2023, RB                      | CUSIP: 650116HA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14230000 | PA      | $14280842.37  | 0.20%             | 2060-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Economic Development Authority (Empire South Terminal of West)                                                              | West Virginia (State of) Economic Development Authority (Empire South Terminal of West), Series 2023, RB                                               | CUSIP: 95649CAB6<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |  16000000 | PA      | $13078323.20  | 0.19%             | 2043-12-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                        | Wisconsin (State of) Public Finance Authority, Series 2023, RB                                                                                         | CUSIP: 74448GAA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  17885319 | PA      | $18768415.28  | 0.27%             | 2062-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Lifespace Communities, Inc.)                                                                                      | Iowa (State of) Finance Authority (Lifespace Communities, Inc.), Series 2023, Ref. RB                                                                  | CUSIP: 46247SFF6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3332132.40   | 0.05%             | 2053-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                        | Wisconsin (State of) Public Finance Authority, Series 2023 A, Ref. RB                                                                                  | CUSIP: 74442ELK4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020056.40   | 0.01%             | 2053-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Cypress Christian School)                                                                                  | Arlington Higher Education Finance Corp. (Cypress Christian School), Series 2024, RB                                                                   | CUSIP: 041807GA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1522905.45   | 0.02%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Cypress Christian School)                                                                                  | Arlington Higher Education Finance Corp. (Cypress Christian School), Series 2024, RB                                                                   | CUSIP: 041807GB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1254977.50   | 0.02%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay)                                                                      | Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay), Series 2023, RB                                                       | CUSIP: 92774NBC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $12052316.10  | 0.17%             | 2059-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Cobb (County of), GA Development Authority (The) (Northwest Classical Academy)                                                                       | Cobb (County of), GA Development Authority (The) (Northwest Classical Academy), Series 2023, RB                                                        | CUSIP: 190779AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $979929.11    | 0.01%             | 2043-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Cobb (County of), GA Development Authority (The) (Northwest Classical Academy)                                                                       | Cobb (County of), GA Development Authority (The) (Northwest Classical Academy), Series 2023, RB                                                        | CUSIP: 190779AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1851250.60   | 0.03%             | 2053-06-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Cobb (County of), GA Development Authority (The) (Northwest Classical Academy)                                                                       | Cobb (County of), GA Development Authority (The) (Northwest Classical Academy), Series 2023, RB                                                        | CUSIP: 190779AJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1225732.13   | 0.02%             | 2058-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Ivywood Classical Academy                                                                                                                            | Ivywood Classical Academy, Series 2023, RB                                                                                                             | CUSIP: 46604DAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3885000 | PA      | $3737193.23   | 0.05%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ivywood Classical Academy                                                                                                                            | Ivywood Classical Academy, Series 2023, RB                                                                                                             | CUSIP: 46604DAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1956939.10   | 0.03%             | 2044-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ivywood Classical Academy                                                                                                                            | Ivywood Classical Academy, Series 2023, RB                                                                                                             | CUSIP: 46604DAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2755000 | PA      | $2687482.11   | 0.04%             | 2059-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Aurora Crossroads Metropolitan District No. 2                                                                                                        | Aurora Crossroads Metropolitan District No. 2, Series 2023 C, GO Bonds                                                                                 | CUSIP: 05162QAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6653000 | PA      | $6687624.21   | 0.10%             | 2053-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Jefferson (County of), AL                                                                                                                            | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts.                                                                                              | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5270200.00   | 0.08%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Jefferson (County of), AL                                                                                                                            | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts.                                                                                              | CUSIP: 472682ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10401710.00  | 0.15%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee)                                                          | Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee), Series 2024 A-1, RB                                       | CUSIP: 499526AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4078408.40   | 0.06%             | 2064-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Revere at Johnstown Metropolitan District No. 3                                                                                                      | Revere at Johnstown Metropolitan District No. 3, Series 2024 A, GO Bonds                                                                               | CUSIP: 761401AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2338000 | PA      | $2369566.04   | 0.03%             | 2053-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Revere at Johnstown Metropolitan District No. 3                                                                                                      | Revere at Johnstown Metropolitan District No. 3, Series 2024 B, GO Bonds                                                                               | CUSIP: 761401AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $675778.88    | 0.01%             | 2053-12-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (CABS)                                                                                                 | Wisconsin (State of) Public Finance Authority (CABS), Series 2024, RB                                                                                  | CUSIP: 74447TAD4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  13095000 | PA      | $9177495.87   | 0.13%             | 2031-02-01      | None          | 0.00%                 | 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)       | CUSIP: 74528KAA1<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   1827364 | PA      | $1817684.45   | 0.03%             | 2027-01-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (AES Puerto Rico)     | Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (AES Puerto Rico)       | CUSIP: 74528KAB9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |  13221656 | PA      | $13128301.85  | 0.19%             | 2028-01-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Utah County Academy of Sciences)                                                                   | Utah (State of) Charter School Finance Authority (Utah County Academy of Sciences), Series 2018, RB                                                    | CUSIP: 91754TWU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500009.55    | 0.01%             | 2033-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Ballston Quarter Community Development Authority                                                                                                     | Ballston Quarter Community Development Authority, Series 2016 A-1, RB                                                                                  | CUSIP: 058696AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4430000 | PA      | $4438818.80   | 0.06%             | 2046-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ballston Quarter Community Development Authority                                                                                                     | Ballston Quarter Community Development Authority, Series 2016 A-2, RB                                                                                  | CUSIP: 058696AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10634000 | PA      | $9789585.96   | 0.14%             | 2059-03-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| AES PUERTO RICO Inc.                                                                                                                                 | AES PUERTO RICO Inc., Pfd.                                                                                                                             | CUSIP: 902DZT000<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |    306528 | NS      | $0.31         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                           | Miami-Dade (County of), FL, Series 2009, RB                                                                                                            | CUSIP: 59333NNM1<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |  42215000 | PA      | $20649315.28  | 0.30%             | 2042-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                           | Miami-Dade (County of), FL, Series 2009, RB                                                                                                            | CUSIP: 59333NNE9<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $8598002.40   | 0.12%             | 2035-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village)                                                              | Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village), Series 2011 A, RB                                             | CUSIP: 447297AV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $1855750.00   | 0.03%             | 2047-01-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Hess Ranch Metropolitan District No. 5                                                                                                               | Hess Ranch Metropolitan District No. 5, Series 2024 A-1, RB                                                                                            | CUSIP: 428111AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1471466 | PA      | $1509366.84   | 0.02%             | 2043-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hess Ranch Metropolitan District No. 5                                                                                                               | Hess Ranch Metropolitan District No. 5, Series 2024 A-2, RB                                                                                            | CUSIP: 428111AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1445730.53   | 0.02%             | 2043-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp.                                                                                                             | Suffolk Regional Off-Track Betting Corp., Series 2024, RB                                                                                              | CUSIP: 86480TAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8800000 | PA      | $8951058.16   | 0.13%             | 2044-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                                                  | Metropolitan Transportation Authority (Green Bonds), Series 2024 A, Ref. RB                                                                            | CUSIP: 59261A2J5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12647912.40  | 0.18%             | 2049-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Miami Worldcenter)                                                                                    | Wisconsin (State of) Public Finance Authority (Miami Worldcenter), Series 2024 A, RB                                                                   | CUSIP: 74448EAA2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3506247.08   | 0.05%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                                               | New York (City of), NY, Series 2024 D, GO Bonds                                                                                                        | CUSIP: 64966SCS3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15689668.50  | 0.22%             | 2054-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Housing Finance Authority (University Hospitals Home Care Services, Inc.)                                                   | New Hampshire (State of) Housing Finance Authority (University Hospitals Home Care Services, Inc.), Series 2024, RB                                    | CUSIP: 63610JAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4455000 | PA      | $4581596.84   | 0.07%             | 2033-12-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Housing Finance Authority (University Hospitals Home Care Services, Inc.)                                                   | New Hampshire (State of) Housing Finance Authority (University Hospitals Home Care Services, Inc.), Series 2024, RB                                    | CUSIP: 63610JAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2251873.77   | 0.03%             | 2038-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Jefferson (County of), CO Center Metropolitan District No. 1                                                                                         | Jefferson (County of), CO Center Metropolitan District No. 1, Series 2024 C, GO Bonds                                                                  | CUSIP: 47248EAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6180000 | PA      | $6203837.50   | 0.09%             | 2053-12-16      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Jefferson (County of), CO Center Metropolitan District No. 1                                                                                         | Jefferson (County of), CO Center Metropolitan District No. 1, Series 2024 C, GO Bonds                                                                  | CUSIP: 47248EAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4997.73      | 0.00%             | 2026-12-16      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                                                                                             | Sterling Ranch Community Authority Board, Series 2024 A, Ref. RB                                                                                       | CUSIP: 85950NAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $795786.97    | 0.01%             | 2054-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                                                                                             | Sterling Ranch Community Authority Board, Series 2024 B, Ref. RB                                                                                       | CUSIP: 85950NAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $751133.33    | 0.01%             | 2054-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                                                                                             | Sterling Ranch Community Authority Board, Series 2024, RB                                                                                              | CUSIP: 85950TAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    953000 | PA      | $979570.97    | 0.01%             | 2043-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Hobe-St. Lucie Conservancy District                                                                                                                  | Hobe-St. Lucie Conservancy District, Series 2024, RB                                                                                                   | CUSIP: 434043AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2819812.60   | 0.04%             | 2055-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Bethel (City of), MN (Ecumen Obligated Group)                                                                                                        | Bethel (City of), MN (Ecumen Obligated Group), Series 2024, Ref. RB                                                                                    | CUSIP: 08675RAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $962542.70    | 0.01%             | 2054-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Firefly Public Infrastructure District No. 1 (Firefly Assessment Area No.1)                                                                          | Firefly Public Infrastructure District No. 1 (Firefly Assessment Area No.1), Series 2024, RB                                                           | CUSIP: 31816CAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4623495 | PA      | $4688636.81   | 0.07%             | 2043-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Firefly Public Infrastructure District No. 1                                                                                                         | Firefly Public Infrastructure District No. 1, Series 2024 A-1, GO Bonds                                                                                | CUSIP: 31816AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2447836.74   | 0.04%             | 2054-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Educational & Cultural Facilities Authority (Ascent Classical Academy)                                                           | Colorado (State of) Educational & Cultural Facilities Authority (Ascent Classical Academy), Series 2024, Ref. RB                                       | CUSIP: 19645URF3<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1248065.38   | 0.02%             | 2044-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Las Vegas (City of), NV Special Improvement District No. 613                                                                                         | Las Vegas (City of), NV Special Improvement District No. 613, Series 2024, RB                                                                          | CUSIP: 51779CAP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $609835.02    | 0.01%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lee's Summit (City of), MO Industrial Development Authority (John Knox Village Obligated Group)                                                      | Lee's Summit (City of), MO Industrial Development Authority (John Knox Village Obligated Group), Series 2024 A, Ref. RB                                | CUSIP: 524292BK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $272329.72    | 0.00%             | 2044-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lee's Summit (City of), MO Industrial Development Authority (John Knox Village Obligated Group)                                                      | Lee's Summit (City of), MO Industrial Development Authority (John Knox Village Obligated Group), Series 2024 A, Ref. RB                                | CUSIP: 524292BL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $967714.66    | 0.01%             | 2054-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                                                      | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                                  | CUSIP: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  15375000 | PA      | $4996875.00   | 0.07%             | 2028-07-15      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                                                      | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                                  | CUSIP: 340618DR5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  11135000 | PA      | $11072306.61  | 0.16%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                                                      | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                                  | CUSIP: 340618DV6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  19115000 | PA      | $19089592.34  | 0.27%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                                                      | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                                  | CUSIP: 340618DQ7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1660000.00   | 0.02%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                                                      | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                                  | CUSIP: 340618DU8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  22385000 | PA      | $18579550.00  | 0.27%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail)                                                                                | Florida Development Finance Corp. (Brightline Florida Passenger Rail), Series 2024, Ref. RB                                                            | CUSIP: 340618DN4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  12375000 | PA      | $10271250.00  | 0.15%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                                                      | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                                  | CUSIP: 340618DS3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   5715000 | PA      | $4743450.00   | 0.07%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ledge Rock Center Residential Metropolitan District No. 1                                                                                            | Ledge Rock Center Residential Metropolitan District No. 1, Series 2024 B, GO Bonds                                                                     | CUSIP: 523279AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $601486.50    | 0.01%             | 2054-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (NACT Somerset, Inc.)                                                                           | New Jersey (State of) Economic Development Authority (NACT Somerset, Inc.), Series 2024, RB                                                            | CUSIP: 64577HTE1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   7265000 | PA      | $7161714.95   | 0.10%             | 2054-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Olympia Public Infrastructure District No. 1                                                                                                         | Olympia Public Infrastructure District No. 1, Series 2024 A-1, GO Bonds                                                                                | CUSIP: 681483AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1532575.39   | 0.02%             | 2055-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                        | Wisconsin (State of) Public Finance Authority, Series 2024, RB                                                                                         | CUSIP: 74442PC94<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $5488688.18   | 0.08%             | 2029-05-16      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Dawson Trails Metropolitan District No. 1                                                                                                            | Dawson Trails Metropolitan District No. 1, Series 2024, GO Bonds                                                                                       | CUSIP: 23945PAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18382495 | PA      | $11734962.01  | 0.17%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma (County of), OK Finance Authority (Astec)                                                                                                   | Oklahoma (County of), OK Finance Authority (Astec), Series 2024, RB                                                                                    | CUSIP: 67868WAC3<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3219899.41   | 0.05%             | 2054-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Oklahoma (County of), OK Finance Authority (Astec)                                                                                                   | Oklahoma (County of), OK Finance Authority (Astec), Series 2024, RB                                                                                    | CUSIP: 67868WAD1<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   4275000 | PA      | $4239457.65   | 0.06%             | 2064-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Greater Cincinnati (Port of), OH Development Authority (Duke Energy Corp.)                                                                           | Greater Cincinnati (Port of), OH Development Authority (Duke Energy Corp.), Series 2024, Ref. RB                                                       | CUSIP: 734195EF3<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |  18625000 | PA      | $18922519.48  | 0.27%             | 2063-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (Continental Airlines, Inc.)                                                                                    | Houston (City of), TX Airport System (Continental Airlines, Inc.), Series 2011 A, Ref. RB                                                              | CUSIP: 4423485T1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14009580.20  | 0.20%             | 2038-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (New Designs Charter School)                                                                          | California (State of) School Finance Authority (New Designs Charter School), Series 2024, Ref. RB                                                      | CUSIP: 130591BP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1453861.44   | 0.02%             | 2064-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Great Hearts America - Texas)                                                                              | Arlington Higher Education Finance Corp. (Great Hearts America - Texas), Series 2024, RB                                                               | CUSIP: 041807GY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $961939.40    | 0.01%             | 2044-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Great Hearts America - Texas)                                                                              | Arlington Higher Education Finance Corp. (Great Hearts America - Texas), Series 2024, RB                                                               | CUSIP: 041807GZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1153363.86   | 0.02%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Great Hearts America - Texas)                                                                              | Arlington Higher Education Finance Corp. (Great Hearts America - Texas), Series 2024, RB                                                               | CUSIP: 041807HA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1281034.45   | 0.02%             | 2054-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                                                                                             | University of Cincinnati, Series 2024 A, RB                                                                                                            | CUSIP: 9141194X7<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15806434.50  | 0.23%             | 2054-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee)                                                          | Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee), Series 2024 B-1, RB                                       | CUSIP: 499526BG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1542277.05   | 0.02%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee)                                                          | Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee), Series 2024 B-1, RB                                       | CUSIP: 499526BH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2576809.00   | 0.04%             | 2054-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee)                                                          | Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee), Series 2024 B-1, RB                                       | CUSIP: 499526BK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6110000 | PA      | $6294845.83   | 0.09%             | 2064-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port Beaumont Navigation District (Jefferson Gulf Coast Energy)                                                                                      | Port Beaumont Navigation District (Jefferson Gulf Coast Energy), Series 2024, RB                                                                       | CUSIP: 73360CAR5<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1920575.20   | 0.03%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Plaquemines Port Harbor & Terminal District (NOLA Terminal LLC)                                                                                      | Plaquemines Port Harbor & Terminal District (NOLA Terminal LLC), Series 2024 A, RB                                                                     | CUSIP: 727521AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20650000 | PA      | $17945277.46  | 0.26%             | 2044-12-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Sierra (City of), AZ Vista Industrial Development Authority                                                                                          | Sierra (City of), AZ Vista Industrial Development Authority, Series 2024, Ref. RB                                                                      | CUSIP: 82652UAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5639688.00   | 0.08%             | 2057-06-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services)                                                             | Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services), Series 2024, Ref. RB                                         | CUSIP: 60635H4C0<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1242505.75   | 0.02%             | 2054-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mobile (County of), AL Industrial Development Authority (AM/NS Calvert LLC)                                                                          | Mobile (County of), AL Industrial Development Authority (AM/NS Calvert LLC), Series 2024, RB                                                           | CUSIP: 60733UAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8900000 | PA      | $8644563.77   | 0.12%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.)                                                                         | Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.), Series 2024, RB                                                          | CUSIP: 041807JV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $995035.58    | 0.01%             | 2054-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.)                                                                         | Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.), Series 2024, RB                                                          | CUSIP: 041807JW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $896464.60    | 0.01%             | 2059-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.)                                                                         | Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.), Series 2024, RB                                                          | CUSIP: 041807JX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1079901.36   | 0.02%             | 2064-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds)                                     | New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds), Series 2024, RB                      | CUSIP: 650116HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30000000 | PA      | $30407976.00  | 0.43%             | 2060-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Marshfield Clinic Health System)                                                     | Wisconsin (State of) Health & Educational Facilities Authority (Marshfield Clinic Health System), Series 2024, RB                                      | CUSIP: 97712JKM4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   8385000 | PA      | $8866472.57   | 0.13%             | 2054-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wood Ranch Public Infrastructure District                                                                                                            | Wood Ranch Public Infrastructure District, Series 2024, RB                                                                                             | CUSIP: 97850AAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1316319.03   | 0.02%             | 2053-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Central Florida Preparatory School Project)                                                                                 | Capital Trust Authority (Central Florida Preparatory School Project), Series 2024, RB                                                                  | CUSIP: 14054WAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $11969750.40  | 0.17%             | 2054-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Waterfront-30 E. Allen Street)                                          | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Waterfront-30 E. Allen Street), Series 2024, RB                           | CUSIP: 018444CF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1342302.32   | 0.02%             | 2042-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Bayview Manor Homes)                                                                               | Washington (State of) Housing Finance Commission (Bayview Manor Homes), Series 2024, RB                                                                | CUSIP: 939783U20<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2812867.75   | 0.04%             | 2059-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Public Service Authority (Santee Cooper)                                                                                   | South Carolina (State of) Public Service Authority (Santee Cooper), Series 2024 B, Ref. RB                                                             | CUSIP: 8371515A3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   7070000 | PA      | $7437955.32   | 0.11%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Social Certificates)                                                                            | New Hampshire (State of) Business Finance Authority (Social Certificates), Series 2024-3, Revenue Ctfs.                                                | CUSIP: 63607WAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9919765 | PA      | $9815349.74   | 0.14%             | 2051-10-01      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                                                                                           | Tarrant County Cultural Education Facilities Finance Corp. Series 2024 RB                                                                              | CUSIP: 87638TJK0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990083.80    | 0.01%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge)                                                                       | Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge), Series 2024, RB                                                        | CUSIP: 546399SY3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |  26950000 | PA      | $27549758.78  | 0.39%             | 2059-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Trails at Crowfoot Metropolitan District No. 3                                                                                                       | Trails at Crowfoot Metropolitan District No. 3, Series 2024 B, Ref. GO Bonds                                                                           | CUSIP: 89286RAV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1369000 | PA      | $1374582.65   | 0.02%             | 2052-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Hillsborough (County of), FL Industrial Development Authority (Baycare Health System)                                                                | Hillsborough (County of), FL Industrial Development Authority (Baycare Health System), Series 2024 C, Ref. RB                                          | CUSIP: 43233KAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  42110000 | PA      | $45251835.52  | 0.65%             | 2054-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority (Dayton Regional Stem Schools, Inc.)                                                                         | Dayton-Montgomery County Port Authority (Dayton Regional Stem Schools, Inc.), Series 2024, RB                                                          | CUSIP: 23981MBF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $797520.80    | 0.01%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority (Dayton Regional Stem Schools, Inc.)                                                                         | Dayton-Montgomery County Port Authority (Dayton Regional Stem Schools, Inc.), Series 2024, RB                                                          | CUSIP: 23981MBG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1090942.38   | 0.02%             | 2060-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority (The)                                                                                                                  | Atlanta Development Authority (The), Series 2024, Revenue Ctfs.                                                                                        | CUSIP: 04780NMY0<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $11657926.80  | 0.17%             | 2048-12-15      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| Juban Crossing Community Development District                                                                                                        | Juban Crossing Community Development District, Series 2024 B, RB                                                                                       | CUSIP: 48130GAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2527867.29   | 0.04%             | 2034-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp. (Eugenio Maria De Hostos Charter School)                                                                  | Monroe County Industrial Development Corp. (Eugenio Maria De Hostos Charter School), Series 2024, RB                                                   | CUSIP: 61075TXV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1816946.64   | 0.03%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greene (County of), OH Port Authority (Community First Solutions Obligated Group)                                                                    | Greene (County of), OH Port Authority (Community First Solutions Obligated Group), Series 2024, RB                                                     | CUSIP: 39465WAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2339308.40   | 0.03%             | 2055-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greene (County of), OH Port Authority (Community First Solutions Obligated Group)                                                                    | Greene (County of), OH Port Authority (Community First Solutions Obligated Group), Series 2024, RB                                                     | CUSIP: 39465WAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4040000 | PA      | $3833279.66   | 0.05%             | 2059-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wildwood (City of), FL Village Community Development Disctrict No. 15                                                                                | Wildwood (City of), FL Village Community Development Disctrict No. 15, Series 2024, RB                                                                 | CUSIP: 92708KAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1995000 | PA      | $1917919.38   | 0.03%             | 2055-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Magnolia Independent School District                                                                                                                 | Magnolia Independent School District, Series 2023, GO Bonds                                                                                            | CUSIP: 559686YP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $695666.75    | 0.01%             | 2032-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St. Vrain Lakes Metropolitan District No. 4                                                                                                          | St. Vrain Lakes Metropolitan District No. 4, Series 2024 A, GO Bonds                                                                                   | CUSIP: 85237KAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2117467.50   | 0.03%             | 2054-09-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| St. Vrain Lakes Metropolitan District No. 4                                                                                                          | St. Vrain Lakes Metropolitan District No. 4, Series 2024 B, GO Bonds                                                                                   | CUSIP: 85237KAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1762528.06   | 0.03%             | 2054-09-20      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Reunion East Community Development District                                                                                                          | Reunion East Community Development District, Series 2002 A-2, RB                                                                                       | CUSIP: 761311AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $1.45         | 0.00%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp. (Eugenio Maria De Hostos Charter School)                                                                  | Monroe County Industrial Development Corp. (Eugenio Maria De Hostos Charter School), Series 2024, RB                                                   | CUSIP: 61075TXW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2610000 | PA      | $2320440.60   | 0.03%             | 2059-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Social Certificates)                                                                               | Washington (State of) Housing Finance Commission (Social Certificates), Series 2024-2, RB                                                              | CUSIP: 93978UAA4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |  11457738 | PA      | $11240336.18  | 0.16%             | 2050-03-01      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| Middleton Community Development District A                                                                                                           | Middleton Community Development District A, Series 2024, RB                                                                                            | CUSIP: 596681AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $583049.16    | 0.01%             | 2044-05-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Middleton Community Development District A                                                                                                           | Middleton Community Development District A, Series 2024, RB                                                                                            | CUSIP: 596681AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $598353.06    | 0.01%             | 2039-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Industrial Development Authority (Historic Northeast Redevelopment Plan)                                                   | Kansas City (City of), MO Industrial Development Authority (Historic Northeast Redevelopment Plan), Series 2024, RB                                    | CUSIP: 48502MAB9<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1185671.25   | 0.02%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Classical Academy of Sarasota (The))                                                                                        | Capital Trust Authority (Classical Academy of Sarasota (The)), Series 2024, RB                                                                         | CUSIP: 14054WBG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2735000 | PA      | $2513653.44   | 0.04%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Mater Academy of Nevada - East Las Vegas Campus)                                                      | Wisconsin (State of) Public Finance Authority (Mater Academy of Nevada - East Las Vegas Campus), Series 2024, RB                                       | CUSIP: 74442ELV0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6725000 | PA      | $6140582.03   | 0.09%             | 2054-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poudre Heights Valley Metropolitan District                                                                                                          | Poudre Heights Valley Metropolitan District, Series 2024 A, GO Bonds                                                                                   | CUSIP: 73856AAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $929030.41    | 0.01%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Municipal Water Finance Authority                                                                                             | New York (City of), NY Municipal Water Finance Authority, Series 2024 AA, RB                                                                           | CUSIP: 64972GK37<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4245462.00   | 0.06%             | 2053-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sierra (City of), AZ Vista Industrial Development Authority (American Leadership Academy Project)                                                    | Sierra (City of), AZ Vista Industrial Development Authority (American Leadership Academy Project), Series 2024, RB                                     | CUSIP: 82652UAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3410000 | PA      | $3031935.01   | 0.04%             | 2059-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wichita (City of), KS (Presbyterian Manors, Inc.)                                                                                                    | Wichita (City of), KS (Presbyterian Manors, Inc.), Series 2024 VIII, Ref. RB                                                                           | CUSIP: 967249RN5<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $10471254.20  | 0.15%             | 2050-05-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Savanna School District (Election of 2008)                                                                                                           | Savanna School District (Election of 2008), Series 2012 B, GO Bonds                                                                                    | CUSIP: 80467PCG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6437435.25   | 0.09%             | 2052-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Tolomato Community Development District                                                                                                              | Tolomato Community Development District, Series 2024, RB                                                                                               | CUSIP: 889560FA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $862867.81    | 0.01%             | 2044-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Two Step)                                                                                             | Wisconsin (State of) Public Finance Authority (Two Step), Series 2024, RB                                                                              | CUSIP: 74442PF42<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $2485478.20   | 0.04%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Higher Educational Facility Commission (Xavier University)                                                                           | Ohio (State of) Higher Educational Facility Commission (Xavier University), Series 2024, Ref. RB                                                       | CUSIP: 67756DS80<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1569157.13   | 0.02%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bethel (City of), MN (Spectrum High School)                                                                                                          | Bethel (City of), MN (Spectrum High School), Series 2024, RB                                                                                           | CUSIP: 086759AY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2560439.48   | 0.04%             | 2059-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Horace (City of), ND                                                                                                                                 | Horace (City of), ND, Series 2024 C, Ref. GO Bonds                                                                                                     | CUSIP: 440365JP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504554.00   | 0.02%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Karl's Farm Metropolitan District No. 2                                                                                                              | Karl's Farm Metropolitan District No. 2, Series 2024 B, GO Bonds                                                                                       | CUSIP: 48565KAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    567000 | PA      | $572455.90    | 0.01%             | 2044-12-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Huntington (City of), WV (Downtown Project No. 3)                                                                                                    | Huntington (City of), WV (Downtown Project No. 3), Series 2024 A, Ref. RB                                                                              | CUSIP: 446839AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $368671.21    | 0.01%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Huntington (City of), WV (Downtown Project No. 3)                                                                                                    | Huntington (City of), WV (Downtown Project No. 3), Series 2024 A, Ref. RB                                                                              | CUSIP: 446839AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $450809.37    | 0.01%             | 2049-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Huntington (City of), WV (Kinetic Park Project No. 3)                                                                                                | Huntington (City of), WV (Kinetic Park Project No. 3), Series 2024, Ref. RB                                                                            | CUSIP: 446839AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $452986.01    | 0.01%             | 2039-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Huntington (City of), WV (Kinetic Park Project No. 3)                                                                                                | Huntington (City of), WV (Kinetic Park Project No. 3), Series 2024, Ref. RB                                                                            | CUSIP: 446839AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $480805.92    | 0.01%             | 2050-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Cincinnati Classical Academy)                                                                         | Wisconsin (State of) Public Finance Authority (Cincinnati Classical Academy), Series 2024, RB                                                          | CUSIP: 74443DLD1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    750000 | PA      | $740824.58    | 0.01%             | 2054-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Avimor Community Infrastructure District No. 1 (Assessment Area Six)                                                                                 | Avimor Community Infrastructure District No. 1 (Assessment Area Six), Series 2024 B, RB                                                                | CUSIP: 05372AAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2018640.40   | 0.03%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of Broad Healthcare)                               | South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of Broad Healthcare), Series 2024, RB                | CUSIP: 83704HAM9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   9350000 | PA      | $9701225.27   | 0.14%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Water Valley Metropolitan District No. 3                                                                                                             | Water Valley Metropolitan District No. 3, Series 2024 B, GO Bonds                                                                                      | CUSIP: 94114TAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    829000 | PA      | $826789.06    | 0.01%             | 2054-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds)                                                       | New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds), Series 2024, Ref. RB                                   | CUSIP: 650116HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3840000 | PA      | $3906652.80   | 0.06%             | 2054-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds)                                                       | New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds), Series 2024, Ref. RB                                   | CUSIP: 650116HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10222315.00  | 0.15%             | 2060-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport)                                                                     | New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2024, Ref. RB                                                 | CUSIP: 650116HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1471026.60   | 0.02%             | 2054-12-31      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Bella Mesa Metropolitan District                                                                                                                     | Bella Mesa Metropolitan District, Series 2024 B, GO Bonds                                                                                              | CUSIP: 07819PAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004557.60   | 0.03%             | 2054-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Trevenna Metropolitan District                                                                                                                       | Trevenna Metropolitan District, Series 2024 A, GO Bonds                                                                                                | CUSIP: 89533MAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2483291.55   | 0.04%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Trevenna Metropolitan District                                                                                                                       | Trevenna Metropolitan District, Series 2024 B, GO Bonds                                                                                                | CUSIP: 89533MAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    627000 | PA      | $628734.41    | 0.01%             | 2049-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Virgin Islands (Government of) Public Finance Authority (Frenchman's Reef Hotel Development)                                                         | Virgin Islands (Government of) Public Finance Authority (Frenchman's Reef Hotel Development), Series 2024 A, RB                                        | CUSIP: 927677AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7550000 | PA      | $7767200.67   | 0.11%             | 2053-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MW Retail Business Improvement District                                                                                                              | MW Retail Business Improvement District, Series 2024, RB                                                                                               | CUSIP: 55403PAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1808234.82   | 0.03%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Willow Springs Metropolitan District                                                                                                                 | Willow Springs Metropolitan District, Series 2024 B, GO Bonds                                                                                          | CUSIP: 971221AS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501398.65    | 0.01%             | 2054-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Canyon Pines Metropolitan District                                                                                                                   | Canyon Pines Metropolitan District, Series 2024, GO Bonds                                                                                              | CUSIP: 138867AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3438285.70   | 0.05%             | 2053-12-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District (Palm Grove)                                                                                                     | Lakewood Ranch Stewardship District (Palm Grove), Series 2024, RB                                                                                      | CUSIP: 51265KFY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $590548.69    | 0.01%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                                                                                             | Sterling Ranch Community Authority Board, Series 2024 A, Ref. RB                                                                                       | CUSIP: 85950NAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2422102.08   | 0.03%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Academir Charter Schools, Inc.)                                                                                             | Capital Trust Authority (Academir Charter Schools, Inc.), Series 2024, Ref. RB                                                                         | CUSIP: 14054WBL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2237941.00   | 0.03%             | 2054-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NS Public Infrastructure No. 2                                                                                                                       | NS Public Infrastructure No. 2, Series 2024 A-1, GO Bonds                                                                                              | CUSIP: 62948SAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1988462.20   | 0.03%             | 2055-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NS Public Infrastructure No. 2                                                                                                                       | NS Public Infrastructure No. 2, Series 2024 B, GO Bonds                                                                                                | CUSIP: 62948SAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024440.70   | 0.01%             | 2055-03-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NS Public Infrastructure No. 2                                                                                                                       | NS Public Infrastructure No. 2, Series 2024 A-2, GO Bonds                                                                                              | CUSIP: 62948SAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $676889.18    | 0.01%             | 2055-03-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                                                                                             | Sterling Ranch Community Authority Board, Series 2024 B, Ref. RB                                                                                       | CUSIP: 85950NAZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1152995.41   | 0.02%             | 2054-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Gramercy Farms Community Development District                                                                                                        | Gramercy Farms Community Development District, Series 2011, Ref. RB                                                                                    | CUSIP: 384873AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1040252.99   | 0.01%             | 2039-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Oquirrh Point Public Infrastructure District No. 1                                                                                                   | Oquirrh Point Public Infrastructure District No. 1, Series 2024 B, GO Bonds                                                                            | CUSIP: 68406AAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    881000 | PA      | $888036.55    | 0.01%             | 2055-03-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Oquirrh Point Public Infrastructure District No. 1                                                                                                   | Oquirrh Point Public Infrastructure District No. 1, Series 2024 A-1, GO Bonds                                                                          | CUSIP: 68406AAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3380000 | PA      | $3369199.89   | 0.05%             | 2055-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Oquirrh Point Public Infrastructure District No. 1                                                                                                   | Oquirrh Point Public Infrastructure District No. 1, Series 2024 A-2, GO Bonds                                                                          | CUSIP: 68406AAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $969534.24    | 0.01%             | 2055-03-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Palisade Metropolitan District No. 2                                                                                                                 | Palisade Metropolitan District No. 2, Series 2024 C, RB                                                                                                | CUSIP: 696392AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1087367.87   | 0.02%             | 2037-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                                                 | Babcock Ranch Community Independent Special District, Series 2024, RB                                                                                  | CUSIP: 05616KBV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007088.20   | 0.01%             | 2055-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Constellation Schools)                                                                | Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Constellation Schools), Series 2024, Ref. RB                                            | CUSIP: 18610RCG7<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1343546.06   | 0.02%             | 2049-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Oceanside Collegiate Academy)                                                         | South Carolina (State of) Jobs-Economic Development Authority (Oceanside Collegiate Academy), Series 2024, Ref. RB                                     | CUSIP: 83704MEL6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2149805.83   | 0.03%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Venice (City of), FL (Village on the Isle)                                                                                                           | Venice (City of), FL (Village on the Isle), Series 2024 A, RB                                                                                          | CUSIP: 922687AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981441.10    | 0.01%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Thomas Ranch)                                                                                   | New Hampshire (State of) Business Finance Authority (Thomas Ranch), Series 2024, RB                                                                    | CUSIP: 63608TAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  38000000 | PA      | $21376280.60  | 0.31%             | 2034-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Brooklyn Park (City of), MN (Prairie Seeds Academy)                                                                                                  | Brooklyn Park (City of), MN (Prairie Seeds Academy), Series 2024, Ref. RB                                                                              | CUSIP: 114224AQ1<br>LEI: 549300SRSB2KMQNYBB75 | Long             | DBT              | MUN               | US        |   4420000 | PA      | $4049446.65   | 0.06%             | 2054-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Brooklyn Park (City of), MN (Prairie Seeds Academy)                                                                                                  | Brooklyn Park (City of), MN (Prairie Seeds Academy), Series 2024, Ref. RB                                                                              | CUSIP: 114224AR9<br>LEI: 549300SRSB2KMQNYBB75 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1905177.54   | 0.03%             | 2064-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (The Attwater)                                                                                   | New Hampshire (State of) Business Finance Authority (The Attwater), Series 2024, RB                                                                    | CUSIP: 63608TAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2712219.60   | 0.04%             | 2032-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Alpha Ranch)                                                                                          | Wisconsin (State of) Public Finance Authority (Alpha Ranch), Series 2024, RB                                                                           | CUSIP: 74442PG58<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  21000000 | PA      | $9681289.80   | 0.14%             | 2038-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Union at the Marina)                                                                                              | Iowa (State of) Finance Authority (Union at the Marina), Series 2024 A-1, RB                                                                           | CUSIP: 46246JNN1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5929553.40   | 0.08%             | 2042-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                        | Wisconsin (State of) Public Finance Authority, Series 2023 B, RB                                                                                       | CUSIP: 74448GAB5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  17585000 | PA      | $14068000.00  | 0.20%             | 2062-07-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Pinecrest Academy of Nevada - Sloan Canyon Campus)                                                    | Wisconsin (State of) Public Finance Authority (Pinecrest Academy of Nevada - Sloan Canyon Campus), Series 2024, Ref. RB                                | CUSIP: 74442EMG2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $856812.80    | 0.01%             | 2053-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mobile (County of), AL Industrial Development Authority (AM/NS Calvert LLC)                                                                          | Mobile (County of), AL Industrial Development Authority (AM/NS Calvert LLC), Series 2024, RB                                                           | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17155000 | PA      | $16031639.14  | 0.23%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                                                                                              | Michigan Strategic Fund, Series 2016, RB                                                                                                               | CUSIP: 594ESCAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $439310.00    | 0.01%             | 2036-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                                                                                              | Michigan Strategic Fund, Series 2016, RB                                                                                                               | CUSIP: 594ESCAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $446000.00    | 0.01%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waterford Township Economic Development Corp.                                                                                                        | Waterford Township Economic Development Corp., Series 2016 A, RB                                                                                       | CUSIP: 941ESCAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2795000 | PA      | $623285.00    | 0.01%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waterford Township Economic Development Corp.                                                                                                        | Waterford Township Economic Development Corp., Series 2016 A, RB                                                                                       | CUSIP: 941ESCAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4550000 | PA      | $1014650.00   | 0.01%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                                                                                              | Michigan Strategic Fund, Series 2016, RB                                                                                                               | CUSIP: 594ESCAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3080000 | PA      | $686840.00    | 0.01%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waterford Township Economic Development Corp.                                                                                                        | Waterford Township Economic Development Corp., Series 2016 A, RB                                                                                       | CUSIP: 941ESCAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4895000 | PA      | $1091585.00   | 0.02%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Greer Preparatory Academy Project)                                                    | South Carolina (State of) Jobs-Economic Development Authority (Greer Preparatory Academy Project), Series 2024, RB                                     | CUSIP: 83704MEQ5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3420000 | PA      | $3433324.66   | 0.05%             | 2054-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Plato Academy Schools)                                                                                                      | Capital Trust Authority (Plato Academy Schools), Series 2024, RB                                                                                       | CUSIP: 14054UAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3410000 | PA      | $3115354.18   | 0.04%             | 2054-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Plato Academy Schools)                                                                                                      | Capital Trust Authority (Plato Academy Schools), Series 2024, RB                                                                                       | CUSIP: 14054UAH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $2881034.88   | 0.04%             | 2059-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                                                                                                 | Mida Mountain Village Public Infrastructure District, Series 2024-2, RB                                                                                | CUSIP: 59561UAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023910.40   | 0.01%             | 2044-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fiddlers Canyon Infrastructure Financing District (Fiddlers Canyon Assessment Area)                                                                  | Fiddlers Canyon Infrastructure Financing District (Fiddlers Canyon Assessment Area), Series 2024, RB                                                   | CUSIP: 31574AAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2691799.60   | 0.04%             | 2053-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Housing Finance Agency (Silver Birch of Mansfield)                                                                                   | Ohio (State of) Housing Finance Agency (Silver Birch of Mansfield), Series 2024, RB                                                                    | CUSIP: 676900XJ7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005160.20   | 0.03%             | 2045-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Oakwood Estates and Stonebrooke)                                                                      | Wisconsin (State of) Public Finance Authority (Oakwood Estates and Stonebrooke), Series 2024, RB                                                       | CUSIP: 74442PG82<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4740000 | PA      | $3551475.34   | 0.05%             | 2030-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rocky Mountain Rail Park Metropolitan District                                                                                                       | Rocky Mountain Rail Park Metropolitan District, Series 2024 B, Ref. GO Bonds                                                                           | CUSIP: 774762AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16000000 | PA      | $16029771.20  | 0.23%             | 2054-12-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Stayton at Museum Way (The))                                                             | Tarrant County Cultural Education Facilities Finance Corp. (Stayton at Museum Way (The)), Series 2024 A, RB                                            | CUSIP: 87638RKM8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  13447046 | PA      | $11610080.01  | 0.17%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail)                                                                                | Florida Development Finance Corp. (Brightline Florida Passenger Rail), Series 2024, RB                                                                 | CUSIP: 340618DY0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  10600000 | PA      | $3445000.00   | 0.05%             | 2028-07-15      | Variable      | 10.00%                | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (River Ranch)                                                                                    | New Hampshire (State of) Business Finance Authority (River Ranch), Series 2025, RB                                                                     | CUSIP: 63608TAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27000000 | PA      | $18954955.80  | 0.27%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of)                                                                                                                      | Massachusetts (Commonwealth of), Series 2024, GO Bonds                                                                                                 | CUSIP: 57582TCC4<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  30000000 | PA      | $31486791.00  | 0.45%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Baylor Scott & White Health)                                                             | Tarrant County Cultural Education Facilities Finance Corp. (Baylor Scott & White Health), Series 2024, Ref. VRD RB                                     | CUSIP: 87638QSL4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.07%             | 2050-11-15      | Variable      | 2.15%                 | No            |                  2 | On Loan: No      |
| Celina (City of), TX (The Laskes at Mustang Ranch Public Improvement Phases #8-9)                                                                    | Celina (City of), TX (The Laskes at Mustang Ranch Public Improvement Phases #8-9), Series 2025, RB                                                     | CUSIP: 15114CKQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301483.08    | 0.00%             | 2045-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Ascent 613)                                                                                       | California (State of) Municipal Finance Authority (Ascent 613), Series 2025 A, RB                                                                      | CUSIP: 13051EAH3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2487387.00   | 0.04%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Ascent 613)                                                                                       | California (State of) Municipal Finance Authority (Ascent 613), Series 2025 A, RB                                                                      | CUSIP: 13051EAK6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5450000 | PA      | $5392401.68   | 0.08%             | 2060-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Ascent 613)                                                                                       | California (State of) Municipal Finance Authority (Ascent 613), Series 2025 A, RB                                                                      | CUSIP: 13051EAJ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $979063.00    | 0.01%             | 2055-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) Health & Educational Facilities Authority                                                                                     | Connecticut (State of) Health & Educational Facilities Authority, Series 2025 A, RB                                                                    | CUSIP: 20775DZM7<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2477172.83   | 0.04%             | 2030-09-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Redtail Ridge Metropolitan District                                                                                                                  | Redtail Ridge Metropolitan District, Series 2025, GO Bonds                                                                                             | CUSIP: 75773CAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $4682709.75   | 0.07%             | 2032-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Megatel)                                                                                        | New Hampshire (State of) Business Finance Authority (Megatel), Series 2025, RB                                                                         | CUSIP: 63608TAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10985000 | PA      | $6798754.91   | 0.10%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Economic Development Authority (Empire Green Gerenation LLC)                                                                | West Virginia (State of) Economic Development Authority (Empire Green Gerenation LLC), Series 2025, RB                                                 | CUSIP: 95648VBT5<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1800000.00   | 0.03%             | 2043-05-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Hawaii (State of)                                                                                                                                    | Hawaii (State of), Series 2025 A, RB                                                                                                                   | CUSIP: 419794J45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13350000 | PA      | $14315879.18  | 0.20%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2012 A, RB                                                                              | CUSIP: 74526QZZ8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   3535000 | PA      | $2359612.50   | 0.03%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Goodwill Industries of Sacramento & Nevada)                                                       | California (State of) Municipal Finance Authority (Goodwill Industries of Sacramento & Nevada), Series 2012, RB                                        | CUSIP: 13048TNF6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    630000 | PA      | $618563.67    | 0.01%             | 2032-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Goodwill Industries of Sacramento & Nevada)                                                       | California (State of) Municipal Finance Authority (Goodwill Industries of Sacramento & Nevada), Series 2012, RB                                        | CUSIP: 13048TNG4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1389602.75   | 0.02%             | 2042-01-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion)                                                             | Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2012 B, RB                                            | CUSIP: 592250AR5<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  13165000 | PA      | $3657966.34   | 0.05%             | 2051-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline West Passenger Rail)                                                                                   | Florida Development Finance Corp. (Brightline West Passenger Rail), Series 2022, RB                                                                    | CUSIP: 340618EB9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  49400000 | PA      | $37050000.00  | 0.53%             | 2026-06-15      | Variable      | 10.00%                | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                                                                       | Tender Option Bond Trust Receipts/Certificates, Series 2025, RB                                                                                        | CUSIP: 88035TEA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.07%             | 2025-12-05      | Variable      | 2.84%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.)                                                                    | New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.), Series 2012, RB                                                     | CUSIP: 64578CBT7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  24180000 | PA      | $24220465.23  | 0.35%             | 2027-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Alcoa, Inc.)                                                                                                      | Iowa (State of) Finance Authority (Alcoa, Inc.), Series 2012, RB                                                                                       | CUSIP: 46246SAE5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |  11250000 | PA      | $11250214.88  | 0.16%             | 2042-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Southwestern Illinois Development Authority (US Steel Corp.)                                                                                         | Southwestern Illinois Development Authority (US Steel Corp.), Series 2012, RB                                                                          | CUSIP: 84552TAB8<br>LEI: 549300B1KLLJ8NU5XK71 | Long             | DBT              | MUN               | US        |   1945000 | PA      | $1945866.30   | 0.03%             | 2042-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Public Service Authority                                                                                                   | South Carolina (State of) Public Service Authority, Series 2025 A, RB                                                                                  | CUSIP: 8371515V7<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3094034.40   | 0.04%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Soleil Hills Public Infrastructure District No. 1                                                                                                    | Soleil Hills Public Infrastructure District No. 1, Series 2025, GO Bonds                                                                               | CUSIP: 834201AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $842966.32    | 0.01%             | 2055-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Anthem/Freedom)                                                                                       | Wisconsin (State of) Public Finance Authority (Anthem/Freedom), Series 2025, RB                                                                        | CUSIP: 74442PL78<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $2426383.13   | 0.03%             | 2037-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Aubrey (City of), TX (Duck Point Public Improvement Disctrict)                                                                                       | Aubrey (City of), TX (Duck Point Public Improvement Disctrict), Series 2025, RB                                                                        | CUSIP: 050197BW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1095302.12   | 0.02%             | 2045-12-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Cook Children's Medical Center)                                                          | Tarrant County Cultural Education Facilities Finance Corp. (Cook Children's Medical Center), Series 2025, Ref. RB                                      | CUSIP: 87638QTK5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   5800000 | PA      | $5450411.96   | 0.08%             | 2054-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL Industrial Development Authority (Lee County Community Charter Schools, LLC)                                                     | Lee (County of), FL Industrial Development Authority (Lee County Community Charter Schools, LLC), Series 2012, IDR                                     | CUSIP: 52349KBK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1586067.66   | 0.02%             | 2032-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL Industrial Development Authority (Lee County Community Charter Schools, LLC)                                                     | Lee (County of), FL Industrial Development Authority (Lee County Community Charter Schools, LLC), Series 2012, IDR                                     | CUSIP: 52349KBL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3210000 | PA      | $3209925.85   | 0.05%             | 2042-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Boulder Ridge Public Infrastructure District No. 1                                                                                                   | Boulder Ridge Public Infrastructure District No. 1, Series 2025, GO Bonds                                                                              | CUSIP: 10153MAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1786118.04   | 0.03%             | 2055-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Marion (City of), IL (Star Bond District Project Area No. 1)                                                                                         | Marion (City of), IL (Star Bond District Project Area No. 1), Series 2025, RB                                                                          | CUSIP: 569498AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001361.10   | 0.01%             | 2045-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Marion (City of), IL (Star Bond District Area No. 1)                                                                                                 | Marion (City of), IL (Star Bond District Area No. 1), Series 2025, RB                                                                                  | CUSIP: 569498AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15084687.00  | 0.22%             | 2055-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Unidy Properties LLC)                                                                                          | Indiana (State of) Finance Authority (Unidy Properties LLC), Series 2025, RB                                                                           | CUSIP: 45471FBH3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2179891.80   | 0.03%             | 2050-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Unidy Properties LLC)                                                                                          | Indiana (State of) Finance Authority (Unidy Properties LLC), Series 2025, RB                                                                           | CUSIP: 45471FBK6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2084299.44   | 0.03%             | 2060-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                                                 | New Hope Cultural Education Facilities Finance Corp., Series 2025 A, RB                                                                                | CUSIP: 64542UHG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6990000 | PA      | $7220249.20   | 0.10%             | 2060-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                                                 | New Hope Cultural Education Facilities Finance Corp., Series 2025 A, RB                                                                                | CUSIP: 64542UHE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3121533.00   | 0.04%             | 2045-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                                                 | New Hope Cultural Education Facilities Finance Corp., Series 2025 A, RB                                                                                | CUSIP: 64542UHF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7790000 | PA      | $8076746.78   | 0.12%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| San Antonio Education Facilities Corp. (University of the Incarnate Word)                                                                            | San Antonio Education Facilities Corp. (University of the Incarnate Word), Series 2025, RB                                                             | CUSIP: 796247EY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1137960.00   | 0.02%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Education Facilities Corp. (University of the Incarnate Word)                                                                            | San Antonio Education Facilities Corp. (University of the Incarnate Word), Series 2025, RB                                                             | CUSIP: 796247EZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1829451.21   | 0.03%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority                                                                                                  | New Hampshire (State of) Business Finance Authority, Series 2025 A, RB                                                                                 | CUSIP: 63608TAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  36978000 | PA      | $20590729.68  | 0.29%             | 2035-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                        | Wisconsin (State of) Public Finance Authority, Series 2025, RB                                                                                         | CUSIP: 74442PM36<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  14000000 | PA      | $5111101.80   | 0.07%             | 2041-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Economic Development Authority (Core Natural Resources, Inc.)                                                               | West Virginia (State of) Economic Development Authority (Core Natural Resources, Inc.), Series 2025, Ref. RB                                           | CUSIP: 95648VBU2<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2405756.93   | 0.03%             | 2035-03-27      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| Hamilton (County of), OH (UC Health)                                                                                                                 | Hamilton (County of), OH (UC Health), Series 2025 A, Ref. RB                                                                                           | CUSIP: 4072722W2<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2583244.25   | 0.04%             | 2051-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Princeton (City of), TX                                                                                                                              | Princeton (City of), TX, Series 2025, RB                                                                                                               | CUSIP: 742400DB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $711716.88    | 0.01%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Princeton (City of), TX                                                                                                                              | Princeton (City of), TX, Series 2025, RB                                                                                                               | CUSIP: 742400DF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $689987.90    | 0.01%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Waterstone Metropolitan District No. 1                                                                                                               | Waterstone Metropolitan District No. 1, Series 2025 B, Ref. GO Bonds                                                                                   | CUSIP: 94189PAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3915000 | PA      | $3944104.50   | 0.06%             | 2054-12-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Green Bonds)                                                                                    | New Hampshire (State of) Business Finance Authority (Green Bonds), Series 2025, RB                                                                     | CUSIP: 63607WBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4971167 | PA      | $4936593.30   | 0.07%             | 2041-01-20      | Variable      | 4.09%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (New School (The))                                                                                           | New York (State of) Dormitory Authority (New School (The)), Series 2025, RB                                                                            | CUSIP: 64985SBV4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4188149.55   | 0.06%             | 2050-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Florida Institute of Technology)                                                                                            | Capital Trust Authority (Florida Institute of Technology), Series 2025, RB                                                                             | CUSIP: 14054WBW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1285255.04   | 0.02%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Florida Institute of Technology)                                                                                            | Capital Trust Authority (Florida Institute of Technology), Series 2025, RB                                                                             | CUSIP: 14054WBX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3780000 | PA      | $3692488.46   | 0.05%             | 2065-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Works Board (Various Capital)                                                                                           | California (State of) Public Works Board (Various Capital), Series 2025, RB                                                                            | CUSIP: 13068XPW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10652303.00  | 0.15%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency                                                                                           | Massachusetts (Commonwealth of) Development Finance Agency, Series 2025, RB                                                                            | CUSIP: 57585BJS8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2465000 | PA      | $2524477.25   | 0.04%             | 2045-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency                                                                                           | Massachusetts (Commonwealth of) Development Finance Agency, Series 2025, RB                                                                            | CUSIP: 57585BJT6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021597.60   | 0.03%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Lasell Village, Inc.)                                                                    | Massachusetts (Commonwealth of) Development Finance Agency (Lasell Village, Inc.), Series 2025, RB                                                     | CUSIP: 57585BJU3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2012615.80   | 0.03%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Campus Real Estate Holdings)                                                                          | Wisconsin (State of) Public Finance Authority (Campus Real Estate Holdings), Series 2025, Ref. RB                                                      | CUSIP: 74439YGG0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    600000 | PA      | $612686.28    | 0.01%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority (Millenia Orlando)                                                                                                | Capital Projects Finance Authority (Millenia Orlando), Series 2025 A, RB                                                                               | CUSIP: 14043HAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7706057.25   | 0.11%             | 2065-01-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority (Millenia Orlando)                                                                                                | Capital Projects Finance Authority (Millenia Orlando), Series 2025 A, RB                                                                               | CUSIP: 14043HAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5646800.50   | 0.08%             | 2045-01-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Brown University)                                                                        | Massachusetts (Commonwealth of) Development Finance Agency (Brown University), Series 2025, RB                                                         | CUSIP: 57585BKB3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4167863.20   | 0.06%             | 2050-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority                                                                                                  | New Hampshire (State of) Business Finance Authority, Series 2025, RB                                                                                   | CUSIP: 63608TAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $6273486.00   | 0.09%             | 2032-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO Health & Hospital Authority                                                                                            | Denver (City & County of), CO Health & Hospital Authority, Series 2025 A, RB                                                                           | CUSIP: 24918EEN6<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4820405.45   | 0.07%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees                                                                                                               | Tulsa Municipal Airport Trust Trustees, Series 2025, Ref. RB                                                                                           | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4615983.20   | 0.07%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees                                                                                                               | Tulsa Municipal Airport Trust Trustees, Series 2025, Ref. RB                                                                                           | CUSIP: 899661EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2246789.80   | 0.03%             | 2040-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Tuloso-Midway Independent School District                                                                                                            | Tuloso-Midway Independent School District, Series 2025, GO Bonds                                                                                       | CUSIP: 899474YU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12600000 | PA      | $13498925.58  | 0.19%             | 2050-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oklahoma Capitol Improvement Authority                                                                                                               | Oklahoma Capitol Improvement Authority, Series 2025, RB                                                                                                | CUSIP: 678514EN6<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |  17500000 | PA      | $18752377.00  | 0.27%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation)                                                                         | Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation), Series 2025, Ref. RB                                                     | CUSIP: 546399UP9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11735232.30  | 0.17%             | 2055-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ontario (City of), CA Public Financing Authority                                                                                                     | Ontario (City of), CA Public Financing Authority, Series 2025 A, RB                                                                                    | CUSIP: 68304REJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8039421.75   | 0.11%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation)                                                                         | Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation), Series 2025, Ref. RB                                                     | CUSIP: 546399UM6<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3280484.84   | 0.05%             | 2050-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mississippi (State of) Hospital Equipment & Facilities Authority (Ochsner Clinic Foundation)                                                         | Mississippi (State of) Hospital Equipment & Facilities Authority (Ochsner Clinic Foundation), Series 2025, Ref. RB                                     | CUSIP: 605360UD6<br>LEI: 549300DW2GVUIGE04396 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10668393.00  | 0.15%             | 2055-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority                                                                                                                | Illinois (State of) Finance Authority, Series 2025, Ref. RB                                                                                            | CUSIP: 45204FN27<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  12065000 | PA      | $12009005.13  | 0.17%             | 2046-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Mida Cormont Public Infrastructure District                                                                                                          | Mida Cormont Public Infrastructure District, Series 2025 A-1, GO Bonds                                                                                 | CUSIP: 59561JAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053753.80   | 0.02%             | 2055-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Mida Cormont Public Infrastructure District                                                                                                          | Mida Cormont Public Infrastructure District, Series 2025, GO Bonds                                                                                     | CUSIP: 59561JAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1543693.20   | 0.02%             | 2055-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Higher Educational Facility Commission (John Carroll University 2025)                                                                | Ohio (State of) Higher Educational Facility Commission (John Carroll University 2025), Series 2025, RB                                                 | CUSIP: 67756DY42<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1305853.51   | 0.02%             | 2050-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Higher Educational Facility Commission (John Carroll University 2025)                                                                | Ohio (State of) Higher Educational Facility Commission (John Carroll University 2025), Series 2025, RB                                                 | CUSIP: 67756DY59<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1801312.38   | 0.03%             | 2057-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Harris County Hospital District                                                                                                                      | Harris County Hospital District, Series 2025, GO Bonds                                                                                                 | CUSIP: 41415UCD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $13650218.75  | 0.20%             | 2050-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Brainerd (City of), MN                                                                                                                               | Brainerd (City of), MN, Series 2025, RB                                                                                                                | CUSIP: 10501DAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2565000 | PA      | $2593847.79   | 0.04%             | 2050-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Brainerd (City of), MN                                                                                                                               | Brainerd (City of), MN, Series 2025, RB                                                                                                                | CUSIP: 10501DAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2720668.65   | 0.04%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Brainerd (City of), MN                                                                                                                               | Brainerd (City of), MN, Series 2025, RB                                                                                                                | CUSIP: 10501DAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2428410.72   | 0.03%             | 2060-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No. 48J Beaverton                                                                                    | Washington & Multnomah Counties School District No. 48J Beaverton, Series 2025 A, GO Bonds                                                             | CUSIP: 9384292Q9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $2198374.50   | 0.03%             | 2043-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No. 48J Beaverton                                                                                    | Washington & Multnomah Counties School District No. 48J Beaverton, Series 2025 A, GO Bonds                                                             | CUSIP: 9384292S5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $971924.00    | 0.01%             | 2045-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No. 48J Beaverton                                                                                    | Washington & Multnomah Counties School District No. 48J Beaverton, Series 2025 A, GO Bonds                                                             | CUSIP: 9384292U0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $862420.00    | 0.01%             | 2047-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority                                                                                    | California (State of) Statewide Communities Development Authority, Series 2025, RB                                                                     | CUSIP: 13050WAA9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  15666801 | PA      | $14690870.63  | 0.21%             | 2041-02-20      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                                                          | Washington State Housing Finance Commission, Series 2025, RB                                                                                           | CUSIP: 93978LJN7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1831217.58   | 0.03%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                                                          | Washington State Housing Finance Commission, Series 2025, RB                                                                                           | CUSIP: 93978LJQ0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |  22185000 | PA      | $22418346.27  | 0.32%             | 2064-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Nassau (County of), NY Industrial Development Agency                                                                                                 | Nassau (County of), NY Industrial Development Agency                                                                                                   | CUSIP: 631ESCAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30885550 | PA      | $0.31         | 0.00%             | 2058-01-01      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Kalispell (City of), MT (Immanuel Living At Buffalo Hill)                                                                                            | Kalispell (City of), MT (Immanuel Living At Buffalo Hill), Series 2025, Ref. RB                                                                        | CUSIP: 48343AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3318211.00   | 0.05%             | 2060-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                        | Wisconsin (State of) Public Finance Authority, Series 2025, RB                                                                                         | CUSIP: 74442PP41<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $3396840.83   | 0.05%             | 2032-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Coastal Ridge Community Development District                                                                                                         | Coastal Ridge Community Development District, Series 2025, RB                                                                                          | CUSIP: 19052TAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1550476.65   | 0.02%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Coastal Ridge Community Development District                                                                                                         | Coastal Ridge Community Development District, Series 2025, RB                                                                                          | CUSIP: 19052TAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1958654.33   | 0.03%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                                                                                             | Build NYC Resource Corp., Series 2025, RB                                                                                                              | CUSIP: 12008EWG7<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1991563.40   | 0.03%             | 2045-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Black Rock Mountain Resort Public Infrastructure District                                                                                            | Black Rock Mountain Resort Public Infrastructure District, Series 2025, RB                                                                             | CUSIP: 09224AAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4402493.40   | 0.06%             | 2054-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                                                                                 | District of Columbia, Series 2025, Ref. RB                                                                                                             | CUSIP: 25483VE91<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   5625000 | PA      | $6017880.94   | 0.09%             | 2055-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| La Paz (County of), AZ Industrial Development Authority (Kilgore)                                                                                    | La Paz (County of), AZ Industrial Development Authority (Kilgore), Series 2025, RB                                                                     | CUSIP: 50376JAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6950000 | PA      | $3791465.47   | 0.05%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL                                                                                                                                | Chicago (City of), IL, Series 2025, GO Bonds                                                                                                           | CUSIP: 167486U72<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   4275000 | PA      | $4492756.53   | 0.06%             | 2050-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Two Ridges Community Development District                                                                                                            | Two Ridges Community Development District, Series 2025, RB                                                                                             | CUSIP: 90207NAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $693163.91    | 0.01%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Housing Finance Agency                                                                                                               | Ohio (State of) Housing Finance Agency, Series 2025, RB                                                                                                | CUSIP: 676900XS7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2903990.57   | 0.04%             | 2045-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                                                                                               | Downtown Revitalization Public Infrastructure District, Series 2025, RB                                                                                | CUSIP: 26118TAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10786791.00  | 0.15%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                                                                                               | Downtown Revitalization Public Infrastructure District, Series 2025, RB                                                                                | CUSIP: 26118TBU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4883635.35   | 0.07%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority (Acadiana Renaissance Charter Academy)                                                                         | Louisiana Public Facilities Authority (Acadiana Renaissance Charter Academy), Series 2025, RB                                                          | CUSIP: 546399UX2<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4582119.60   | 0.07%             | 2055-06-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Palm Beach (County of), FL                                                                                                                           | Palm Beach (County of), FL, Series 2025, RB                                                                                                            | CUSIP: 696547HV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5627587.90   | 0.08%             | 2045-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Palm Beach (County of), FL                                                                                                                           | Palm Beach (County of), FL, Series 2025, RB                                                                                                            | CUSIP: 696547HW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6191538.60   | 0.09%             | 2055-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Palm Beach (County of), FL                                                                                                                           | Palm Beach (County of), FL, Series 2025, RB                                                                                                            | CUSIP: 696547HX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5835000 | PA      | $6002553.19   | 0.09%             | 2065-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Palm Beach (County of), FL                                                                                                                           | Palm Beach (County of), FL, Series 2025, RB                                                                                                            | CUSIP: 696547HY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $543097.00    | 0.01%             | 2035-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Palm Beach (County of), FL                                                                                                                           | Palm Beach (County of), FL, Series 2025, RB                                                                                                            | CUSIP: 696547HZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023600.90   | 0.01%             | 2045-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Educational & Cultural Facilities Authority (Community Leadership Academy)                                                       | Colorado (State of) Educational & Cultural Facilities Authority (Community Leadership Academy), Series 2008, RB                                        | CUSIP: 19645RDT5<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    445000 | PA      | $445736.70    | 0.01%             | 2028-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Educational & Cultural Facilities Authority (Community Leadership Academy)                                                       | Colorado (State of) Educational & Cultural Facilities Authority (Community Leadership Academy), Series 2008, RB                                        | CUSIP: 19645RDU2<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001159.20   | 0.01%             | 2038-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Lowry Crossing (City of), TX (Simpson Road Public Improvement)                                                                                       | Lowry Crossing (City of), TX (Simpson Road Public Improvement), Series 2025, RB                                                                        | CUSIP: 54877WAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $760846.84    | 0.01%             | 2045-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Invesco Intermediate Municipal ETF                                                                                                                   | Invesco Intermediate Municipal ETF                                                                                                                     | CUSIP: 46127B502<br>LEI: 254900WCH4ZNH6J9AE66 | Long             | EC               | RF                | US        |    206313 | NS      | $10672571.49  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (The Wildflower Project)                                                                         | New Hampshire (State of) Business Finance Authority (The Wildflower Project), Series 2025, RB                                                          | CUSIP: 63608TAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $3529665.68   | 0.05%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Seagoville (City of), TX                                                                                                                             | Seagoville (City of), TX, Series 2025, RB                                                                                                              | CUSIP: 811829AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $641004.06    | 0.01%             | 2045-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Jordanelle Ridge Public Infrastructure District No. 2                                                                                                | Jordanelle Ridge Public Infrastructure District No. 2, Series 2025, GO Bonds                                                                           | CUSIP: 480790AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2452282.08   | 0.04%             | 2055-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Alachua (County of), FL Housing Finance Authority (Woodland Park II)                                                                                 | Alachua (County of), FL Housing Finance Authority (Woodland Park II), Series 2025, RB                                                                  | CUSIP: 01068LAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1496226.35   | 0.02%             | 2043-07-01      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                                                                                  | U.S. Treasury 10 Year Notes Future                                                                                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |      -704 | NC      | $-500499.65   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Spring Valley Community Infrastructure District No. 1                                                                                                | Spring Valley Community Infrastructure District No. 1, Series 2025, RB                                                                                 | CUSIP: 850072AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4539246.36   | 0.06%             | 2054-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Point Phase 1 Public Infrastructure District No. 1                                                                                                   | Point Phase 1 Public Infrastructure District No. 1, Series 2025, RB                                                                                    | CUSIP: 73058EAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $805365.60    | 0.01%             | 2055-03-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                             | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74442PQ32<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7700000 | PA      | $4650379.58   | 0.07%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Point Phase 1 Public Infrastructure District No. 1                                                                                                   | Point Phase 1 Public Infrastructure District No. 1, Series 2025, RB                                                                                    | CUSIP: 73058EAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5950000 | PA      | $6211168.71   | 0.09%             | 2055-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Point Phase 1 Public Infrastructure District No. 1                                                                                                   | Point Phase 1 Public Infrastructure District No. 1, Series 2025, RB                                                                                    | CUSIP: 73058EAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6600000 | PA      | $6694291.56   | 0.10%             | 2055-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Wildwood (Cityof), Reserve Infrastructure Financing District                                                                                         | Wildwood (Cityof), Reserve Infrastructure Financing District, Series 2025, RB                                                                          | CUSIP: 96821AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5612129 | PA      | $5761414.44   | 0.08%             | 2054-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Masonic Homes of Kentucky, Inc.)                                                  | Kentucky (Commonwealth of) Economic Development Finance Authority (Masonic Homes of Kentucky, Inc.), Series 2012, Ref. RB                              | CUSIP: 49126TAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1569715.52   | 0.02%             | 2032-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Masonic Home Independent Living II, Inc.)                                         | Kentucky (Commonwealth of) Economic Development Finance Authority (Masonic Home Independent Living II, Inc.), Series 2012, Ref. RB                     | CUSIP: 49126TAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $1981703.00   | 0.03%             | 2042-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority                                                                                                  | New Hampshire (State of) Business Finance Authority, Series 2025, RB                                                                                   | CUSIP: 63607WBK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014296.00   | 0.01%             | 2037-09-28      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority (Milo Farms Project)                                                                                                        | Public Finance Authority (Milo Farms Project), Series 2025, RB                                                                                         | CUSIP: 74442PP25<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  26132000 | PA      | $9199036.29   | 0.13%             | 2039-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                                                                                     | Washington Metropolitan Area Transit Authority Dedicated Revenue, Series 2025, RB                                                                      | CUSIP: 93878YEA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $21257674.00  | 0.30%             | 2050-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (Mercy Health)                                                                         | Missouri (State of) Health & Educational Facilities Authority (Mercy Health), Series 2025, RB                                                          | CUSIP: 60636AXW8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3629336.76   | 0.05%             | 2055-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport) (Green Bonds)                                                      | New York Transportation Development Corp. (John F. Kennedy International Airport) (Green Bonds), Series 2023, RB                                       | CUSIP: 650116HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7653736.50   | 0.11%             | 2060-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Sierra (City of), AZ Vista Industrial Development Authority (Wake Preparatory Academy)                                                               | Sierra (City of), AZ Vista Industrial Development Authority (Wake Preparatory Academy), Series 2025, RB                                                | CUSIP: 82652UBF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3525000 | PA      | $3540814.91   | 0.05%             | 2050-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Sierra (City of), AZ Vista Industrial Development Authority (Wake Preparatory Academy)                                                               | Sierra (City of), AZ Vista Industrial Development Authority (Wake Preparatory Academy), Series 2025, RB                                                | CUSIP: 82652UBG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3199554.23   | 0.05%             | 2055-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                             | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74448UAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15605029.50  | 0.22%             | 2060-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                             | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74448UAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8847003.20   | 0.13%             | 2060-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Coon Rapids (City of), MN (Athlos Leadership Academy)                                                                                                | Coon Rapids (City of), MN (Athlos Leadership Academy), Series 2025, RB                                                                                 | CUSIP: 21657FAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5028301.50   | 0.07%             | 2065-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                                                                                               | Iowa Finance Authority, Series 2025, RB                                                                                                                | CUSIP: 46246YAD4<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   5675000 | PA      | $5717545.48   | 0.08%             | 2030-07-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Sunrise of Long Beach)                                                                               | California (State of) Public Finance Authority (Sunrise of Long Beach), Series 2025, RB                                                                | CUSIP: 13057TAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7759843.50   | 0.11%             | 2055-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village)                                                              | Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village), Series 2012 A, RB                                             | CUSIP: 447297AY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6575000 | PA      | $4692906.25   | 0.07%             | 2042-01-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                             | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  22000000 | PA      | $22836943.80  | 0.33%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Grace Christian School)                                                                         | New Hampshire (State of) Business Finance Authority (Grace Christian School), Series 2025, RB                                                          | CUSIP: 63607EAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12355000 | PA      | $12302952.09  | 0.18%             | 2055-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Grace Christian School)                                                                         | New Hampshire (State of) Business Finance Authority (Grace Christian School), Series 2025, RB                                                          | CUSIP: 63607EAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5905000 | PA      | $5956459.71   | 0.09%             | 2065-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.)                                                                         | Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.), Series 2025, RB                                                          | CUSIP: 041807PV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021287.60   | 0.03%             | 2055-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.)                                                                         | Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.), Series 2025, RB                                                          | CUSIP: 041807PW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2279397.60   | 0.03%             | 2065-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp.                                                                                                           | Westchester County Local Development Corp., Series 2025, RB                                                                                            | CUSIP: 95737TFX9<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6632208.00   | 0.09%             | 2055-11-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                                                                                 | Colorado Health Facilities Authority, Series 2025, RB                                                                                                  | CUSIP: 19648FZS6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   8640000 | PA      | $8657452.80   | 0.12%             | 2058-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                                                                                          | Ohio Housing Finance Agency, Series 2025, RB                                                                                                           | CUSIP: 676900XX6<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   2865000 | PA      | $2937607.98   | 0.04%             | 2045-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                                                                                          | Ohio Housing Finance Agency, Series 2025, RB                                                                                                           | CUSIP: 676900XY4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004806.80   | 0.01%             | 2039-01-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                                                                                          | Ohio Housing Finance Agency, Series 2025, RB                                                                                                           | CUSIP: 676900YB3<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   2970000 | PA      | $3045269.01   | 0.04%             | 2045-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                                                                                       | Black Belt Energy Gas District, Series 2025, RB                                                                                                        | CUSIP: 09182TEW3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20723304.00  | 0.30%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                                                                                          | Ohio Housing Finance Agency, Series 2025, RB                                                                                                           | CUSIP: 676900YA5<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    900000 | PA      | $901877.31    | 0.01%             | 2034-01-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                                                                                          | Ohio Housing Finance Agency, Series 2025, RB                                                                                                           | CUSIP: 676900XZ1<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2419809.72   | 0.03%             | 2045-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                                                                                            | City of Atlanta GA Department of Aviation, Series 2025, RB                                                                                             | CUSIP: 04780M3D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19000000 | PA      | $20229412.10  | 0.29%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Dawson Trails Metropolitan District No 1                                                                                                             | Dawson Trails Metropolitan District No 1, Series 2025, GO Bonds                                                                                        | CUSIP: 23945PAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $12579767.20  | 0.18%             | 2055-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                                                                                                | County of Hamilton OH, Series 2025, RB                                                                                                                 | CUSIP: 40727RDH8<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1940933.79   | 0.03%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                                                                                         | Savannah Georgia Convention Center Authority, Series 2025, RB                                                                                          | CUSIP: 804828AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2211959.64   | 0.03%             | 2050-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                                                                                         | Savannah Georgia Convention Center Authority, Series 2025, RB                                                                                          | CUSIP: 804828AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1905750.16   | 0.03%             | 2061-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                                                                                         | Savannah Georgia Convention Center Authority, Series 2025, RB                                                                                          | CUSIP: 804828AY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1829258.02   | 0.03%             | 2058-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                             | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74442PS22<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2185644.34   | 0.03%             | 2065-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Harrison (County of), WV Commission (Charles Pointe No. 2)                                                                                           | Harrison (County of), WV Commission (Charles Pointe No. 2), Series 2008 A, Ref. RB                                                                     | CUSIP: 41525AAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2950000 | PA      | $2953058.27   | 0.04%             | 2035-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| County of Okaloosa FL                                                                                                                                | County of Okaloosa FL, Series 2025, RB                                                                                                                 | CUSIP: 678226AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1717807.94   | 0.02%             | 2055-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                             | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74443DMK4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3016034.10   | 0.04%             | 2055-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                             | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74443DMJ7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4270000 | PA      | $4297135.00   | 0.06%             | 2045-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                                                                    | State of Illinois, Series 2025, GO Bonds                                                                                                               | CUSIP: 452153PP8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6975000 | PA      | $7274105.44   | 0.10%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                             | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74442PS48<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5650000 | PA      | $2308612.04   | 0.03%             | 2039-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Finance Corp.                                                                                                                   | Texas Transportation Finance Corp., Series 2025, RB                                                                                                    | CUSIP: 88283PAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16250000 | PA      | $17800365.38  | 0.25%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                                                                            | Indiana Finance Authority, Series 2025, RB                                                                                                             | CUSIP: 45470EEU5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1188929.82   | 0.02%             | 2055-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                                                                                               | Tempe Industrial Development Authority, Series 2025, RB                                                                                                | CUSIP: 87972MBZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008047.40   | 0.01%             | 2055-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                                                                                               | Tempe Industrial Development Authority, Series 2025, RB                                                                                                | CUSIP: 87972MCA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3090000 | PA      | $3098385.33   | 0.04%             | 2060-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Travis County Cultural Education Facilities Finance Corp. (Wayside Schools)                                                                          | Travis County Cultural Education Facilities Finance Corp. (Wayside Schools), Series 2012 A, RB                                                         | CUSIP: 89440BAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $54700.49     | 0.00%             | 2042-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                                                                                                 | Chicago Midway International Airport, Series 2025, RB                                                                                                  | CUSIP: 167562VU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7455082.60   | 0.11%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                                                                                                   | Rhode Island Health and Educational Building Corp., Series 2025, RB                                                                                    | CUSIP: 762244NX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1537396.35   | 0.02%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shakopee MN Senior Housing Revenue                                                                                                           | City of Shakopee MN Senior Housing Revenue, Series 2025, RB                                                                                            | CUSIP: 81919TAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2351741.12   | 0.03%             | 2055-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                                                                                          | Washington Health Care Facilities Authority, Series 2025, RB                                                                                           | CUSIP: 93978HF59<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2868946.58   | 0.04%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ulster County Capital Resource Corp.                                                                                                                 | Ulster County Capital Resource Corp., Series 2025, RB                                                                                                  | CUSIP: 903768AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1981161.20   | 0.03%             | 2059-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                                                                                       | Wayne County Airport Authority, Series 2025, RB                                                                                                        | CUSIP: 9445142G2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3488904.58   | 0.05%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                                                                                       | New Jersey Transportation Trust Fund Authority, Series 2025, RB                                                                                        | CUSIP: 64613CHN1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5675000 | PA      | $6074071.68   | 0.09%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                                                                                       | New Jersey Transportation Trust Fund Authority, Series 2025, RB                                                                                        | CUSIP: 64613CHP6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5850920.35   | 0.08%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AM BIDCO HOLDINGS LLC                                                                                                                                | AM BIDCO HOLDINGS LLC                                                                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       799 | NS      | $7988100.00   | 0.11%             |  |  |  | No            |                  3 | On Loan: No      |
| Kentucky State Property & Building Commission                                                                                                        | Kentucky State Property & Building Commission, Series 2025, RB                                                                                         | CUSIP: 49151F6S4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4836103.20   | 0.07%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AM BIDCO HOLDINGS LLC                                                                                                                                | AM BIDCO HOLDINGS LLC                                                                                                                                  | CUSIP: 00169UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14199866 | PA      | $14199865.83  | 0.20%             | 2027-10-21      | Floating      | 3.86%                 | No            |                  3 | On Loan: No      |
| Chicago Board of Education                                                                                                                           | Chicago Board of Education, Series 2025, GO Bonds                                                                                                      | CUSIP: 167505D29<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5827038.00   | 0.08%             | 2045-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                                                                                           | Tarrant County Cultural Education Facilities Finance Corp., Series 2017, RB                                                                            | CUSIP: 87638RHN0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    100000 | PA      | $79000.00     | 0.00%             | 2037-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                                                                                           | Tarrant County Cultural Education Facilities Finance Corp., Series 2017, RB                                                                            | CUSIP: 87638RHS9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    110000 | PA      | $86900.00     | 0.00%             | 2048-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Upper Illinois River Valley Development Authority                                                                                                    | Upper Illinois River Valley Development Authority, Series 2025, RB                                                                                     | CUSIP: 91588LAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9770792.00   | 0.14%             | 2060-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                                                                                   | South Carolina Jobs-Economic Development Authority, Series 2025, RB                                                                                    | CUSIP: 837033KY4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1164518.64   | 0.02%             | 2050-12-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                                                                                   | South Carolina Jobs-Economic Development Authority, Series 2025, RB                                                                                    | CUSIP: 837033KZ1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995634.10    | 0.01%             | 2060-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Plant Bonds)                                                                            | California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB                                                             | CUSIP: 13054WAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13500000 | PA      | $13506231.60  | 0.19%             | 2037-07-01      | 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        |  18260000 | PA      | $18260078.52  | 0.26%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Electric Utility Revenue                                                                                                           | City of Austin TX Electric Utility Revenue, Series 2025, RB                                                                                            | CUSIP: 052414XK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8545029.60   | 0.12%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                                                                                                 | Chicago O'Hare International Airport, Series 2025, RB                                                                                                  | CUSIP: 1675938B1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5457458.50   | 0.08%             | 2041-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                                                   | Greater Orlando Aviation Authority, Series 2025, RB                                                                                                    | CUSIP: 39227AAA0<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2694081.50   | 0.04%             | 2034-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                                                   | Greater Orlando Aviation Authority, Series 2025, RB                                                                                                    | CUSIP: 39227AAB8<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3750085.50   | 0.05%             | 2035-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                                                                                   | South Carolina Jobs-Economic Development Authority, Series 2025, RB                                                                                    | CUSIP: 837036HG0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    700000 | PA      | $701442.07    | 0.01%             | 2050-10-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                                                                                   | South Carolina Jobs-Economic Development Authority, Series 2025, RB                                                                                    | CUSIP: 837036HH8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    500000 | PA      | $492875.15    | 0.01%             | 2060-10-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                                                                                          | Omaha Public Power District, Series 2025, RB                                                                                                           | CUSIP: 682001QF2<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |  15500000 | PA      | $16261781.60  | 0.23%             | 2055-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                                                          | Washington State Housing Finance Commission, Series 2025, RB                                                                                           | CUSIP: 939783Z41<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1997395.60   | 0.03%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                                                          | Washington State Housing Finance Commission, Series 2025, RB                                                                                           | CUSIP: 939783Z58<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   6600000 | PA      | $6544663.62   | 0.09%             | 2061-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                             | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 744396KX9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978738.10    | 0.01%             | 2060-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                                                                                  | Wisconsin Health & Educational Facilities Authority, Series 2025, RB                                                                                   | CUSIP: 97671VCW3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1974327.00   | 0.03%             | 2045-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                                                                                  | Wisconsin Health & Educational Facilities Authority, Series 2025, RB                                                                                   | CUSIP: 97671VCX1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3265000 | PA      | $3252233.52   | 0.05%             | 2055-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Panorama Public Infrastructure District No 1                                                                                                         | Panorama Public Infrastructure District No 1, Series 2025, GO Bonds                                                                                    | CUSIP: 69862YAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013370.40   | 0.03%             | 2055-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Panorama Public Infrastructure District No 1                                                                                                         | Panorama Public Infrastructure District No 1, Series 2025, GO Bonds                                                                                    | CUSIP: 69862YAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    621000 | PA      | $614217.93    | 0.01%             | 2055-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| City of Anna TX                                                                                                                                      | City of Anna TX, Series 2025, RB                                                                                                                       | CUSIP: 035713BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001031.50   | 0.01%             | 2045-09-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| City of Mesquite TX                                                                                                                                  | City of Mesquite TX, Series 2025, RB                                                                                                                   | CUSIP: 590771BJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1053825.68   | 0.02%             | 2045-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Powhatan County Economic Development Authority                                                                                                       | Powhatan County Economic Development Authority, Series 2025, RB                                                                                        | CUSIP: 73937XAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7475000 | PA      | $7322299.95   | 0.10%             | 2060-09-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                                                                                       | Black Belt Energy Gas District, Series 2025, RB                                                                                                        | CUSIP: 09182TGL5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   8800000 | PA      | $9335854.88   | 0.13%             | 2034-08-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| MW Retail Business Improvement District                                                                                                              | MW Retail Business Improvement District, Series 2025, RB                                                                                               | CUSIP: 55403PAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500719.35    | 0.01%             | 2054-12-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                                                                                | California Infrastructure & Economic Development Bank, Series 2025, RB                                                                                 | CUSIP: 13034A7E4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  33210000 | PA      | $28228500.00  | 0.40%             | 2026-11-02      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                                                                                    | State of Nevada Department of Business & Industry, Series 2025, RB                                                                                     | CUSIP: 25457VBV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2165000 | PA      | $1840250.00   | 0.03%             | 2026-11-02      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| BL Train Holdings West LLC                                                                                                                           | BL Train Holdings West LLC                                                                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    294270 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| City of Manhattan KS                                                                                                                                 | City of Manhattan KS, Series 2025, RB                                                                                                                  | CUSIP: 563017EL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507172.10   | 0.02%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                                                                                   | South Carolina Jobs-Economic Development Authority, Series 2025, RB                                                                                    | CUSIP: 837031J79<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001150.00   | 0.01%             | 2056-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Tompkins County Development Corp. (Tompkins Cortland Community College Foundation, Inc.)                                                             | Tompkins County Development Corp. (Tompkins Cortland Community College Foundation, Inc.), Series 2013 A, RB                                            | CUSIP: 890096BD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5700000 | PA      | $1140000.00   | 0.02%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Saline Economic Development Corp. (Evangelical Homes of Michigan)                                                                                    | Saline Economic Development Corp. (Evangelical Homes of Michigan), Series 2013, Ref. RB                                                                | CUSIP: 795208AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6735000 | PA      | $5315579.89   | 0.08%             | 2047-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 CCC, RB                                                                            | CUSIP: 74526QYZ9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   7600000 | PA      | $5073000.00   | 0.07%             | 2028-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia (Provident Group - Howard Properties LLC)                                                                                       | District of Columbia (Provident Group - Howard Properties LLC), Series 2013, RB                                                                        | CUSIP: 25483WAK8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2022324.40   | 0.03%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor)                                                              | Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor), Series 2013 A, Ref. RB                                        | CUSIP: 821697K81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $12937155.00  | 0.19%             | 2047-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Inland Empire Tobacco Securitization Corp.                                                                                                           | Inland Empire Tobacco Securitization Corp., Series 2007 D, RB                                                                                          | CUSIP: 45734TAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  46635000 | PA      | $3623189.74   | 0.05%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Muskingum (County of), OH (Genesis Healthcare System)                                                                                                | Muskingum (County of), OH (Genesis Healthcare System), Series 2013, RB                                                                                 | CUSIP: 628077CV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16930000 | PA      | $16835315.59  | 0.24%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Muskingum (County of), OH (Genesis Healthcare System)                                                                                                | Muskingum (County of), OH (Genesis Healthcare System), Series 2013, RB                                                                                 | CUSIP: 628077CK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15250000 | PA      | $14732138.98  | 0.21%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District (Election of 2008)                                                                                                 | San Diego Unified School District (Election of 2008), Series 2012 E, GO Bonds                                                                          | CUSIP: 797355R30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8353497.00   | 0.12%             | 2042-07-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes)                                                                       | South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes), Series 2013, RB                                                        | CUSIP: 837033KL2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $879679.50    | 0.01%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes)                                                                       | South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes), Series 2013, RB                                                        | CUSIP: 837033KM0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1703664.00   | 0.02%             | 2048-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Tulsa (City of), OK Airports Improvement Trust                                                                                                       | Tulsa (City of), OK Airports Improvement Trust, Series 2001 B, Ref. RB                                                                                 | CUSIP: 899661EJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15010575.00  | 0.21%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tulsa (City of), OK Airports Improvement Trust                                                                                                       | Tulsa (City of), OK Airports Improvement Trust, Series 2001 C, Ref. RB                                                                                 | CUSIP: 899661EK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  47625000 | PA      | $47658575.63  | 0.68%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Harrison (County of), WV Commission (Charles Pointe No. 2)                                                                                           | Harrison (County of), WV Commission (Charles Pointe No. 2), Series 2013, Ref. RB                                                                       | CUSIP: 41525AAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $500000.00    | 0.01%             | 2035-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 AAA, RB                                                                            | CUSIP: 74526QYE6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $901125.00    | 0.01%             | 2031-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Educational & Cultural Facilities Authority (Community Leadership Academy)                                                       | Colorado (State of) Educational & Cultural Facilities Authority (Community Leadership Academy), Series 2013, RB                                        | CUSIP: 19645RTT8<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2250746.75   | 0.03%             | 2048-08-01      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| Cleveland (City of), OH (Continental Airlines, Inc.)                                                                                                 | Cleveland (City of), OH (Continental Airlines, Inc.), Series 1998, RB                                                                                  | CUSIP: 186347AC4<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |   4190000 | PA      | $4195811.11   | 0.06%             | 2027-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Acclaim Charter School)                                                                 | Pima (County of), AZ Industrial Development Authority (The) (Acclaim Charter School), Series 2006, RB                                                  | CUSIP: 72177MGV3<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    280000 | PA      | $279980.99    | 0.00%             | 2026-12-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement)                                                               | New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement), Series 2013, RB                                                | CUSIP: 6459182D4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3503194.80   | 0.05%             | 2043-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement)                                                               | New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement), Series 2013, RB                                                | CUSIP: 6459182C6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  10750000 | PA      | $10758745.13  | 0.15%             | 2052-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Rochester (City of), MN (Homestead at Rochester, Inc.)                                                                                               | Rochester (City of), MN (Homestead at Rochester, Inc.), Series 2013 A, RB                                                                              | CUSIP: 771906CV4<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6003156.60   | 0.09%             | 2048-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                                | Children's Trust Fund, Series 2002, RB                                                                                                                 | CUSIP: 16876QBF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16770000 | PA      | $17000188.37  | 0.24%             | 2039-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Public Transportation Infrastructure Authority (Downtown Crossing)                                                        | Kentucky (Commonwealth of) Public Transportation Infrastructure Authority (Downtown Crossing), Series 2013 C, RB                                       | CUSIP: 491397AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $10370646.00  | 0.15%             | 2039-07-01      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Public Transportation Infrastructure Authority (Downtown Crossing)                                                        | Kentucky (Commonwealth of) Public Transportation Infrastructure Authority (Downtown Crossing), Series 2013 C, RB                                       | CUSIP: 491397AS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7938289.80   | 0.11%             | 2046-07-01      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Public Transportation Infrastructure Authority (Downtown Crossing)                                                        | Kentucky (Commonwealth of) Public Transportation Infrastructure Authority (Downtown Crossing), Series 2013 C, RB                                       | CUSIP: 491397AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5667169.00   | 0.08%             | 2043-07-01      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                                                                      | Foothill-Eastern Transportation Corridor Agency, Series 2014 A, Ref. RB                                                                                | CUSIP: 345105HL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5745232.00   | 0.08%             | 2042-01-15      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| Tompkins County Development Corp. (Tompkins Cortland Community College Foundation, Inc.)                                                             | Tompkins County Development Corp. (Tompkins Cortland Community College Foundation, Inc.), Series 2013 A, RB                                            | CUSIP: 890096BB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1985000 | PA      | $397000.00    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp.                                                                                                                   | Grand Parkway Transportation Corp., Series 2013 B, RB                                                                                                  | CUSIP: 38611TAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $17961254.80  | 0.26%             | 2048-10-01      | Variable      | 5.85%                 | 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        |  15000000 | PA      | $15314316.00  | 0.22%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                                                                      | Foothill-Eastern Transportation Corridor Agency, Series 2014 A, Ref. RB                                                                                | CUSIP: 345105HT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  45000000 | PA      | $32659330.50  | 0.47%             | 2036-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.)                                                            | Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.), Series 2014, RB                                             | CUSIP: 010685JV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1591289 | PA      | $23869.34     | 0.00%             | 2049-11-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.)                                                            | Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.), Series 2014, RB                                             | CUSIP: 010685JU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6869220 | PA      | $103038.30    | 0.00%             | 2044-11-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                                   | Tobacco Settlement Financing Corp., Series 2007 B-1, RB                                                                                                | CUSIP: 88880NAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21035000 | PA      | $17461100.91  | 0.25%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Mile Bluff Medical Center, Inc.)                                                     | Wisconsin (State of) Health & Educational Facilities Authority (Mile Bluff Medical Center, Inc.), Series 2014, RB                                      | CUSIP: 97712DDM5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   4260000 | PA      | $4259983.81   | 0.06%             | 2039-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California (State of) Educational Facilities Authority (Stanford University)                                                                         | California (State of) Educational Facilities Authority (Stanford University), Series 2014 U-6, RB                                                      | CUSIP: 1301783W4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $17402160.00  | 0.25%             | 2045-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc. Terminal E)                                                                              | Houston (City of), TX Airport System (United Airlines, Inc. Terminal E), Series 2014, Ref. RB                                                          | CUSIP: 4423487H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11985000 | PA      | $11998347.69  | 0.17%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westchester County Healthcare Corp.                                                                                                                  | Westchester County Healthcare Corp., Series 2014 A, RB                                                                                                 | CUSIP: 957366DS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |       420 | PA      | $404.24       | 0.00%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Housing & Finance Association (North Star Charter School)                                                                           | Idaho (State of) Housing & Finance Association (North Star Charter School), Series 2014 B, Ref. RB                                                     | CUSIP: 45129GCG8<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   9112129 | PA      | $1636334.26   | 0.02%             | 2049-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                                | Children's Trust Fund, Series 2005 A, RB                                                                                                               | CUSIP: 16876QBJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 344980000 | PA      | $71161404.96  | 1.02%             | 2050-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA General Purpose Authority (Kidspeace Obligation Group)                                                                        | Lehigh (County of), PA General Purpose Authority (Kidspeace Obligation Group), Series 2014 A, RB                                                       | CUSIP: 52480RCF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |       368 | PA      | $305.04       | 0.00%             | 2044-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA General Purpose Authority (Kidspeace Obligation Group)                                                                        | Lehigh (County of), PA General Purpose Authority (Kidspeace Obligation Group), Series 2014 C, RB                                                       | CUSIP: 52480RCH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1524526 | PA      | $8661.29      | 0.00%             | 2044-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA General Purpose Authority (Kidspeace Obligation Group)                                                                        | Lehigh (County of), PA General Purpose Authority (Kidspeace Obligation Group), Series 2014 B, RB                                                       | CUSIP: 52480RCG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    116514 | PA      | $71947.49     | 0.00%             | 2044-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis (City of), MN (Riverton Community Housing)                                                                                               | Minneapolis (City of), MN (Riverton Community Housing), Series 2014, Ref. RB                                                                           | CUSIP: 60379NBY1<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   5600000 | PA      | $5564745.76   | 0.08%             | 2049-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp. (3 World Trade Center)                                                                                            | New York Liberty Development Corp. (3 World Trade Center), Series 2014-3, Ref. RB                                                                      | CUSIP: 649519DD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  46500000 | PA      | $46534433.25  | 0.67%             | 2044-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (National Gypson Co.)                                                        | Pennsylvania (Commonwealth of) Economic Development Financing Authority (National Gypson Co.), Series 2014, Ref. RB                                    | CUSIP: 708686DZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4001582.40   | 0.06%             | 2044-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB                                                                        | CUSIP: 74526QPN6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |  15785000 | PA      | $15940772.69  | 0.23%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB                                                                        | CUSIP: 74526QPQ9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   9305000 | PA      | $9429033.79   | 0.13%             | 2032-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB                                                                        | CUSIP: 74526QPR7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   4380000 | PA      | $4441717.27   | 0.06%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)                                                          | California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2006 A, RB                                         | CUSIP: 130923BM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 174450000 | PA      | $44380271.90  | 0.63%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Marian Center)                                                                             | St. Paul (City of), MN Housing & Redevelopment Authority (Marian Center), Series 2007 A, Ref. RB                                                       | CUSIP: 792892HM6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4772176.50   | 0.07%             | 2043-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority                                                     | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority, Series 2015 A, Ref. RB                               | CUSIP: 546282H56<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2251217.93   | 0.03%             | 2030-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority                                                     | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority, Series 2015 A, Ref. RB                               | CUSIP: 546282H64<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   4135000 | PA      | $4136377.78   | 0.06%             | 2035-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority                                                     | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority, Series 2015 A, Ref. RB                               | CUSIP: 546282H72<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   7735000 | PA      | $7724307.91   | 0.11%             | 2045-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Branson Hills Infrastructure Facilities Community Improvement District                                                                               | Branson Hills Infrastructure Facilities Community Improvement District, Series 2007 A, RB                                                              | CUSIP: 10542RAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4905971 | PA      | $1373671.83   | 0.02%             | 2027-04-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                                   | Tobacco Settlement Financing Corp., Series 2015 B, Ref. RB                                                                                             | CUSIP: 888809BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $29957.93     | 0.00%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences)                                                                | Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences), Series 2015, Ref. RB                                            | CUSIP: 74442PAU9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4999947.00   | 0.07%             | 2045-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                             | Chicago (City of), IL Board of Education, Series 2015 C, GO Bonds                                                                                      | CUSIP: 167505QR0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |  28060000 | PA      | $27507512.63  | 0.39%             | 2039-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Charyl Stockwell Academy                                                                                                                             | Charyl Stockwell Academy, Series 2015, Ref. RB                                                                                                         | CUSIP: 161419AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2395000 | PA      | $2394862.53   | 0.03%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Charyl Stockwell Academy                                                                                                                             | Charyl Stockwell Academy, Series 2015, Ref. RB                                                                                                         | CUSIP: 161419AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3255456.40   | 0.05%             | 2045-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Boston Medical Center) (Green Bonds)                                                     | Massachusetts (Commonwealth of) Development Finance Agency (Boston Medical Center) (Green Bonds), Series 2015, RB                                      | CUSIP: 57583U6R4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   8165000 | PA      | $8060891.35   | 0.12%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home)                                                                | Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home), Series 2007, RB                                                 | CUSIP: 87638RBX4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1264000.00   | 0.02%             | 2029-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tallahassee (City of), FL (Tallahassee Memorial Health Care, Inc.)                                                                                   | Tallahassee (City of), FL (Tallahassee Memorial Health Care, Inc.), Series 2015, Ref. RB                                                               | CUSIP: 874485CR4<br>LEI: 549300MPY4HDPK8B1G15 | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1940782.79   | 0.03%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tuscarawas (County of), OH Economic Development and Finance Alliance (Ashland University)                                                            | Tuscarawas (County of), OH Economic Development and Finance Alliance (Ashland University), Series 2015, Ref. RB                                        | CUSIP: 90069GAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4881661.00   | 0.07%             | 2045-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Burbank (City of), IL (Intercultural Montessori Language School)                                                                                     | Burbank (City of), IL (Intercultural Montessori Language School), Series 2015, RB                                                                      | CUSIP: 12083CAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3937191.20   | 0.06%             | 2045-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Villa St. Benedict)                                                                                           | Illinois (State of) Finance Authority (Villa St. Benedict), Series 2015, Ref. RB                                                                       | CUSIP: 45203H3N0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   6995000 | PA      | $6998882.23   | 0.10%             | 2035-11-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Villa St. Benedict)                                                                                           | Illinois (State of) Finance Authority (Villa St. Benedict), Series 2015, Ref. RB                                                                       | CUSIP: 45203H3M2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  10700000 | PA      | $10702452.44  | 0.15%             | 2043-11-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Liberty (City of), MO (Liberty Commons)                                                                                                              | Liberty (City of), MO (Liberty Commons), Series 2015 A, RB                                                                                             | CUSIP: 530785AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6170000 | PA      | $6051084.97   | 0.09%             | 2046-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer