# EDGAR Filing Document

**Accession Number:** 0001112996
**File Stem:** 0001112996-26-000055
**Filing Date:** 2026-1
**Character Count:** 573794
**Document Hash:** 2742a6e757452861bfda974ca05c3b6f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001112996-26-000055.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0001112996-26-000055

**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**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
- **CENTRAL INDEX KEY:** 0001112996

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09913
- **FILM NUMBER:** 26575338

**BUSINESS ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 713-626-1919

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM COUNSELOR SERIES TRUST
- **DATE OF NAME CHANGE:** 20040322

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM COUNSELOR SERIES FUNDS
- **DATE OF NAME CHANGE:** 20031126

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM COUNSELOR SERIES FUNDS INC
- **DATE OF NAME CHANGE:** 20031001

## Series and Classes Contracts Data

### Invesco Short Duration High Yield Municipal Fund (Series ID: S000051015)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000160735 | Class A      |  |
| C000160736 | Class C      |  |
| C000160737 | Class Y      |  |
| C000160738 | Class R5     |  |
| C000188892 | Class R6     |  |

## Nport-Ex

**Schedule of Investments** 

*November 30, 2025*

*(Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Municipal Obligations–98.13%** | **Municipal Obligations–98.13%** | **Municipal Obligations–98.13%** | **Municipal Obligations–98.13%** | **Municipal Obligations–98.13%** |
| **Alabama–2.12%** | **Alabama–2.12%** | **Alabama–2.12%** | **Alabama–2.12%** | **Alabama–2.12%** |
| Black Belt Energy Gas District (The) (Gas); Series 2022 F, RB<sup>(a)</sup> <br>| 5.50% | 12/01/2028 | $2500 | &nbsp;&nbsp; $2643406 |
| Black Belt Energy Gas District (The) (No. 6); Series 2021 B, RB<sup>(a)</sup> <br>| 4.00% | 12/01/2026 | 3000 | &nbsp;&nbsp; 3017867 |
| Energy Southeast, A Cooperative District; Series 2024 B, RB<sup>(a)</sup> <br>| 5.25% | 06/01/2032 | 1500 | &nbsp;&nbsp; 1631792 |
| Fairfield (City of), AL; Series 2012, GO Wts. | 6.00% | 06/01/2031 | 2765 | &nbsp;&nbsp; 2488500 |
| Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007, RB (Acquired 12/29/2015; Cost $90,000)<sup>(b)(c)</sup> <br>| 5.50% | 01/01/2028 | 90 | &nbsp;&nbsp; 64238 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB (Acquired 09/28/2019; Cost $2,410,793)<sup>(c)</sup> <br>| 3.50% | 07/01/2026 | 5022 | &nbsp;&nbsp; 3584798 |
| Mobile (City of), AL Improvement District (McGowin Park); Series 2016 A, RB | 5.25% | 08/01/2030 | 200 | &nbsp;&nbsp; 201084 |
| Mobile (County of), AL (Gomessa); Series 2020, Revenue Wts.<sup>(d)</sup> <br>| 4.00% | 11/01/2045 | 1335 | &nbsp;&nbsp; 1228026 |
| Southeast Energy Authority, A Cooperative District (No. 2); Series 2021 B, RB<sup>(a)</sup> <br>| 4.00% | 12/01/2031 | 5390 | &nbsp;&nbsp; 5499807 |
| Southeast Energy Authority, A Cooperative District (No. 3); Series 2022 A-1, RB<sup>(a)</sup> <br>| 5.50% | 12/01/2029 | 5000 | &nbsp;&nbsp; 5374787 |
| Talladega (County of), AL; Series 2002 D, Tax Anticipation Wts. (INS - NATL)<sup>(e)</sup> <br>| 5.25% | 01/01/2029 | 20 | &nbsp;&nbsp; 20036 |
| &nbsp;&nbsp;&nbsp; Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining); Series 2019 A, Ref. <br> IDR<sup>(d)</sup> <br>| 5.25% | 05/01/2044 | 4000 | &nbsp;&nbsp; 4010694 |
|  |  |  |  | &nbsp;&nbsp; 29765035 |
| **Arizona–4.96%** | **Arizona–4.96%** | **Arizona–4.96%** | **Arizona–4.96%** | **Arizona–4.96%** |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Academies of Math & Science); Series 2025, <br> RB<sup>(a)(d)</sup> <br>| 4.88% | 07/01/2035 | 1000 | &nbsp;&nbsp; 998882 |
| Arizona (State of) Industrial Development Authority (ACCEL Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(d)</sup> <br>| 4.63% | 08/01/2028 | 625 | &nbsp;&nbsp; 617459 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(d)</sup> <br>| 5.00% | 08/01/2033 | 1955 | &nbsp;&nbsp; 1931490 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (American Charter Schools Foundation); <br> Series 2017, Ref. RB<sup>(d)</sup> <br>| 6.00% | 07/01/2047 | 2645 | &nbsp;&nbsp; 2686882 |
| Arizona (State of) Industrial Development Authority (Basis Schools); Series 2017 A, Ref. RB<sup>(d)</sup> <br>| 5.00% | 07/01/2026 | 110 | &nbsp;&nbsp; 110498 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Doral Academy of Nevada - Fire Mesa & Red <br> Rock Campus); Series 2019, RB<br>| 3.55% | 07/15/2029 | 395 | &nbsp;&nbsp; 386572 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Kaizen Education Foundation); Series 2016, <br> RB<sup>(d)</sup> <br>| 5.75% | 07/01/2036 | 1275 | &nbsp;&nbsp; 1283614 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Leman Academy-Parker Colorado); <br> Series 2019, RB<sup>(d)</sup> <br>| 5.00% | 07/01/2039 | 4520 | &nbsp;&nbsp; 4496606 |
| Arizona (State of) Industrial Development Authority (Linder Village); Series 2020, RB<sup>(d)</sup> <br>| 5.00% | 06/01/2031 | 7045 | &nbsp;&nbsp; 7135358 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Pinecrest Academy of Nevada-Horizon, <br> Inspirada and St. Rose Campus Projects); Series 2018 A, RB<sup>(d)</sup> <br>| 5.00% | 07/15/2028 | 475 | &nbsp;&nbsp; 477809 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Somerset Academy of Las Vegas - Lone <br> Mountain Campus); Series 2019 A, IDR<sup>(d)</sup> <br>| 5.00% | 12/15/2039 | 400 | &nbsp;&nbsp; 401002 |
| Chandler (City of), AZ Industrial Development Authority (Intel Corp.); Series 2022-1, RB<sup>(a)(f)</sup> <br>| 5.00% | 09/01/2027 | 2000 | &nbsp;&nbsp; 2032949 |
| Glendale (City of), AZ Industrial Development Authority (Midwestern University); Series 2025, RB | 5.00% | 05/15/2044 | 1625 | &nbsp;&nbsp; 1720783 |
| Greater Arizona Development Authority; Series 2007 A, RB (INS - NATL)<sup>(e)</sup> <br>| 4.38% | 08/01/2032 | 5 | &nbsp;&nbsp; 5005 |
| La Paz (County of), AZ Industrial Development Authority (Kilgore); Series 2025, RB<sup>(d)(g)</sup> <br>| 0.00% | 12/15/2034 | 1225 | &nbsp;&nbsp; 668280 |
| &nbsp;&nbsp;&nbsp; Maricopa (County of), AZ Industrial Development Authority (Benjamin Franklin Charter School); <br> Series 2018, RB<sup>(d)</sup> <br>| 4.80% | 07/01/2028 | 2295 | &nbsp;&nbsp; 2335665 |
| &nbsp;&nbsp;&nbsp; Maricopa (County of), AZ Industrial Development Authority (Commercial Metals Co.); Series 2022, <br> RB<sup>(d)(f)</sup> <br>| 4.00% | 10/15/2047 | 2000 | &nbsp;&nbsp; 1702415 |
| &nbsp;&nbsp;&nbsp; Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools); <br> Series 2019, Ref. RB<sup>(d)</sup> <br>| 5.00% | 07/01/2039 | 2250 | &nbsp;&nbsp; 2290729 |
| Maricopa (County of), AZ Industrial Development Authority (Valley Christian Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(d)</sup> <br>| 5.25% | 07/01/2033 | 725 | &nbsp;&nbsp; 730730 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(d)</sup> <br>| 6.00% | 07/01/2043 | 1885 | &nbsp;&nbsp; 1885115 |
| &nbsp;&nbsp;&nbsp; Phoenix (City of), AZ Industrial Development Authority (Basis Schools) (The); Series 2016 A, Ref. <br> RB<sup>(d)</sup> <br>| 5.00% | 07/01/2035 | 2900 | &nbsp;&nbsp; 2900684 |
| &nbsp;&nbsp;&nbsp; Phoenix (City of), AZ Industrial Development Authority (The) (Legacy Traditional Schools); <br> Series 2015, Ref. RB<sup>(d)</sup> <br>| 5.00% | 07/01/2035 | 3365 | &nbsp;&nbsp; 3366795 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (Excalibur Charter School (The)); <br> Series 2016, Ref. RB<sup>(d)</sup> <br>| 5.00% | 09/01/2026 | 50 | &nbsp;&nbsp; 50091 |

---

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

**Invesco Short Duration 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)** |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy); <br> Series 2015, Ref. RB<sup>(d)</sup> <br>| 5.38% | 06/15/2035 | $3370 | &nbsp;&nbsp; $3372062 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (The) (Arizona Charter Schools); <br> Series 2013 Q, Ref. RB<br>| 5.38% | 07/01/2031 | 5365 | &nbsp;&nbsp; 5366480 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (The) (Career Success Schools); <br> Series 2020, Ref. RB<sup>(d)</sup> <br>| 4.75% | 05/01/2030 | 1300 | &nbsp;&nbsp; 1301834 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (The) (Grande Innovations Academy); <br> Series 2018, RB<sup>(d)</sup> <br>| 4.13% | 07/01/2026 | 265 | &nbsp;&nbsp; 264231 |
| Pima (County of), AZ Industrial Development Authority (The) (Imagine East Mesa Charter Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(d)</sup> <br>| 5.00% | 07/01/2029 | 245 | &nbsp;&nbsp; 246017 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(d)</sup> <br>| 5.00% | 07/01/2034 | 400 | &nbsp;&nbsp; 401052 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(d)</sup> <br>| 5.00% | 07/01/2039 | 500 | &nbsp;&nbsp; 494509 |
| Pima (County of), AZ Industrial Development Authority (The) (Riverbend Prep); Series 2010, RB<sup>(d)</sup> <br>| 7.00% | 09/01/2037 | 1886 | &nbsp;&nbsp; 1886578 |
| Pinal (County of), AZ Industrial Development Authority (Green Bonds); Series 2021 C, RB<sup>(d)(f)</sup> <br>| 5.50% | 10/01/2033 | 4000 | &nbsp;&nbsp; 4208495 |
| Sierra (City of), AZ Vista Industrial Development Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(d)</sup> <br>| 5.25% | 06/01/2034 | 1645 | &nbsp;&nbsp; 1666880 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(d)</sup> <br>| 5.88% | 06/01/2044 | 1500 | &nbsp;&nbsp; 1456166 |
| &nbsp;&nbsp;&nbsp; Sierra (City of), AZ Vista Industrial Development Authority (American Leadership Academy Project); <br> Series 2024, RB<sup>(d)</sup> <br>| 5.00% | 06/15/2034 | 1730 | &nbsp;&nbsp; 1772941 |
| &nbsp;&nbsp;&nbsp; Sierra (City of), AZ Vista Industrial Development Authority (Wake Preparatory Academy); <br> Series 2025, RB<br>| 6.25% | 06/15/2045 | 5270 | &nbsp;&nbsp; 5374982 |
| Tempe (City of), AZ Industrial Development Authority (Friendship Village); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 4.38% | 12/01/2036 | 1190 | &nbsp;&nbsp; 1191786 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.38% | 12/01/2046 | 500 | &nbsp;&nbsp; 502139 |
|  |  |  |  | &nbsp;&nbsp; 69721565 |
| **Arkansas–1.22%** | **Arkansas–1.22%** | **Arkansas–1.22%** | **Arkansas–1.22%** | **Arkansas–1.22%** |
| Arkansas (State of) Development Finance Authority (Big River Steel); Series 2019, RB<sup>(d)(f)</sup> <br>| 4.50% | 09/01/2049 | 2000 | &nbsp;&nbsp; 1940335 |
| &nbsp;&nbsp;&nbsp; Arkansas (State of) Development Finance Authority (Big River Steel) (Green Bonds); Series 2020, <br> RB<sup>(d)(f)</sup> <br>| 4.75% | 09/01/2049 | 7370 | &nbsp;&nbsp; 7205642 |
| Arkansas (State of) Development Finance Authority (Green Bonds); Series 2022, RB<sup>(f)</sup> <br>| 5.45% | 09/01/2052 | 8000 | &nbsp;&nbsp; 8033506 |
|  |  |  |  | &nbsp;&nbsp; 17179483 |
| **California–5.34%** | **California–5.34%** | **California–5.34%** | **California–5.34%** | **California–5.34%** |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A-1, RB<sup>(a)</sup> <br>| 4.00% | 08/01/2028 | 16065 | &nbsp;&nbsp; 16419079 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(a)</sup> <br>| 5.00% | 08/01/2032 | 5000 | &nbsp;&nbsp; 5250992 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset <br> Securitization Corp.); Series 2002, RB<br>| 6.00% | 06/01/2042 | 115 | &nbsp;&nbsp; 115875 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Stanislaus County Tobacco Funding <br> Corp.); Series 2002 A, RB<br>| 5.88% | 06/01/2043 | 610 | &nbsp;&nbsp; 610709 |
| California (State of) Housing Finance Agency (Social Certificates); Series 2023-1, RB | 4.38% | 09/20/2036 | 2442 | &nbsp;&nbsp; 2525923 |
| &nbsp;&nbsp;&nbsp; California (State of) Infrastructure & Economic Development Bank (Brightline West Passenger Rail); <br> Series 2025 B, Ref. RB<sup>(a)(f)</sup> <br>| 12.00% | 11/02/2026 | 4870 | &nbsp;&nbsp; 4139500 |
| California (State of) Municipal Finance Authority (Ascent 613); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(d)</sup> <br>| 5.00% | 01/01/2038 | 1000 | &nbsp;&nbsp; 1022352 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(d)</sup> <br>| 5.00% | 01/01/2040 | 500 | &nbsp;&nbsp; 507119 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (Bella Mente Montessori Academy); Series 2018 <br> A, RB<sup>(d)</sup> <br>| 5.00% | 06/01/2038 | 3370 | &nbsp;&nbsp; 3384836 |
| California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB (Acquired 09/15/2017-02/12/2019; Cost $5,125,317)<sup>(b)(c)(d)(f)</sup> <br>| 7.50% | 07/01/2032 | 4950 | &nbsp;&nbsp; 55688 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB (Acquired 10/06/2020; Cost $955,203)<sup>(b)(c)(d)(f)</sup> <br>| 7.50% | 07/01/2032 | 1000 | &nbsp;&nbsp; 11250 |
| California (State of) Pollution Control Financing Authority (Plant Bonds); Series 2012, RB<sup>(d)(f)</sup> <br>| 5.00% | 07/01/2037 | 2000 | &nbsp;&nbsp; 2000923 |
| &nbsp;&nbsp;&nbsp; California (State of) Public Finance Authority (California University of Science and Medicine); <br> Series 2019 A, RB<sup>(d)</sup> <br>| 6.25% | 07/01/2054 | 6100 | &nbsp;&nbsp; 6285551 |
| California (State of) Public Finance Authority (Sunrise of Long Beach); Series 2025, RB<sup>(d)</sup> <br>| 5.38% | 06/01/2035 | 1000 | &nbsp;&nbsp; 1049758 |
| California (State of) Public Finance Authority (Trinity Classical Academy); Series 2019 B, RB<sup>(d)</sup> <br>| 5.00% | 07/01/2026 | 40 | &nbsp;&nbsp; 39774 |
| California (State of) School Finance Authority (Partnership to Uplift Communities) (Social Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, Ref. RB<sup>(d)</sup> <br>| 5.00% | 08/01/2033 | 620 | &nbsp;&nbsp; 641274 |
| &nbsp;&nbsp;&nbsp; Series 2023, Ref. RB<sup>(d)</sup> <br>| 5.25% | 08/01/2038 | 500 | &nbsp;&nbsp; 515562 |
| California (State of) Statewide Communities Development Authority; Series 2025 A-1, RB | 3.44% | 02/20/2041 | 4973 | &nbsp;&nbsp; 4663768 |

---

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

**Invesco Short Duration 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)** |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (California Baptist University); <br> Series 2025, Ref. RB<sup>(d)</sup> <br>| 5.13% | 11/01/2040 | $1650 | &nbsp;&nbsp; $1716792 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Loma Linda University Medical <br> Center);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, RB | 5.50% | 12/01/2054 | 8988 | &nbsp;&nbsp; 9008567 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(d)</sup> <br>| 5.25% | 12/01/2056 | 3000 | &nbsp;&nbsp; 3000304 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(d)</sup> <br>| 5.50% | 12/01/2058 | 3000 | &nbsp;&nbsp; 3014629 |
| Palomar Health; Series 2016, Ref. RB | 4.00% | 11/01/2039 | 1250 | &nbsp;&nbsp; 990510 |
| Pomona Unified School District; Series 2021 F, GO Bonds (INS - BAM)<sup>(e)</sup> <br>| 3.00% | 08/01/2048 | 1000 | &nbsp;&nbsp; 782649 |
| Sacramento (County of), CA (Juvenile Courthouse); Series 2003, COP (INS - AMBAC)<sup>(e)</sup> <br>| 5.00% | 12/01/2034 | 5405 | &nbsp;&nbsp; 5413073 |
| West Covina (City of), CA Public Financing Authority (Big League Dreams); Series 2006 A, RB | 5.00% | 06/01/2030 | 1965 | &nbsp;&nbsp; 1968731 |
|  |  |  |  | &nbsp;&nbsp; 75135188 |
| **Colorado–5.61%** | **Colorado–5.61%** | **Colorado–5.61%** | **Colorado–5.61%** | **Colorado–5.61%** |
| 3rd and Havana Metropolitan District; Series 2020 A, GO Bonds | 4.50% | 12/01/2030 | 2240 | &nbsp;&nbsp; 2146915 |
| Amber Creek Metropolitan District; Series 2017 A, Ref. GO Bonds<sup>(a)(h)</sup> <br>| 5.00% | 12/15/2025 | 659 | &nbsp;&nbsp; 659487 |
| Brighton Crossing Metropolitan District No. 6; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, GO Bonds | 5.00% | 12/01/2035 | 525 | &nbsp;&nbsp; 534101 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, GO Bonds | 5.00% | 12/01/2040 | 515 | &nbsp;&nbsp; 518873 |
| Canyon Pines Metropolitan District; Series 2024, GO Bonds<sup>(d)</sup> <br>| 8.25% | 12/01/2053 | 5000 | &nbsp;&nbsp; 5056302 |
| Centerra Metropolitan District No. 1 (In the City of Loveland); Series 2020 A, Ref. GO Bonds | 4.00% | 12/01/2029 | 1115 | &nbsp;&nbsp; 1112233 |
| Colliers Hill Metropolitan District No. 2; Series 2022 B-2, GO Bonds | 7.63% | 12/15/2042 | 2000 | &nbsp;&nbsp; 2011577 |
| &nbsp;&nbsp;&nbsp; Colorado (State of) Educational & Cultural Facilities Authority (Ascent Classical Academy); <br> Series 2024, Ref. RB<sup>(d)</sup> <br>| 5.25% | 04/01/2039 | 2500 | &nbsp;&nbsp; 2528812 |
| Colorado (State of) Health Facilities Authority (Aberdeen Ridge); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB (Acquired 12/15/2021; Cost $4,210,308)<sup>(c)</sup> <br>| 5.00% | 05/15/2035 | 4035 | &nbsp;&nbsp; 3784609 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB (Acquired 05/30/2023; Cost $914,729)<sup>(c)</sup> <br>| 5.00% | 05/15/2044 | 1170 | &nbsp;&nbsp; 945488 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB (Acquired 12/15/2021; Cost $1,005,000)<sup>(c)</sup> <br>| 2.63% | 05/15/2029 | 1005 | &nbsp;&nbsp; 990144 |
| Colorado (State of) International Center Metropolitan District No. 14; Series 2018, GO Bonds | 5.63% | 12/01/2032 | 994 | &nbsp;&nbsp; 998821 |
| Copperleaf Metropolitan District No. 6; Series 2022 B, GO Bonds | 6.00% | 12/15/2041 | 1225 | &nbsp;&nbsp; 1239369 |
| Denver (City & County of), CO (United Airlines, Inc.); Series 2017, Ref. RB<sup>(f)</sup> <br>| 5.00% | 10/01/2032 | 1000 | &nbsp;&nbsp; 1001096 |
| Denver (City & County of), CO Health & Hospital Authority; Series 2025 A, RB | 5.00% | 12/01/2045 | 500 | &nbsp;&nbsp; 510399 |
| Denver Gateway Center Metropolitan District; Series 2018 A, GO Bonds | 5.50% | 12/01/2038 | 2673 | &nbsp;&nbsp; 2673162 |
| Dominion Water & Sanitation District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB | 5.00% | 12/01/2027 | 1166 | &nbsp;&nbsp; 1170659 |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB | 5.25% | 12/01/2032 | 3415 | &nbsp;&nbsp; 3514623 |
| Frisco (Town of), CO (Marina Enterprise); Series 2019, RB | 5.00% | 12/01/2036 | 600 | &nbsp;&nbsp; 603596 |
| Granby Ranch Metropolitan District; Series 2018, Ref. GO Bonds<sup>(d)</sup> <br>| 4.88% | 12/01/2028 | 335 | &nbsp;&nbsp; 335844 |
| Hess Ranch Metropolitan District No. 5; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A-1, RB | 6.00% | 12/01/2043 | 478 | &nbsp;&nbsp; 490544 |
| &nbsp;&nbsp;&nbsp; Series 2024 A-2, RB | 6.50% | 12/01/2043 | 300 | &nbsp;&nbsp; 307602 |
| Jefferson (County of), CO Center Metropolitan District No. 1; Series 2020 B, Ref. RB | 5.75% | 12/15/2050 | 5499 | &nbsp;&nbsp; 5512022 |
| Kinston Metropolitan District No. 5; Series 2020 A, GO Bonds | 4.63% | 12/01/2035 | 1000 | &nbsp;&nbsp; 1030000 |
| Midtown Metropoltan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A-1, Ref. GO Bonds | 6.75% | 12/01/2033 | 1000 | &nbsp;&nbsp; 1000034 |
| &nbsp;&nbsp;&nbsp; Series 2022 A-1, Ref. GO Bonds | 6.75% | 12/01/2051 | 1000 | &nbsp;&nbsp; 1057386 |
| Morgan Hill Metropolitan District No. 3; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds | 3.00% | 12/01/2031 | 980 | &nbsp;&nbsp; 903258 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds | 3.50% | 12/01/2041 | 2940 | &nbsp;&nbsp; 2447437 |
| Mulberry Metropolitan District No. 2; Series 2022, RB | 7.00% | 12/01/2034 | 5787 | &nbsp;&nbsp; 6005597 |
| Nine Mile Metropolitan District; Series 2020, RB | 4.63% | 12/01/2030 | 1855 | &nbsp;&nbsp; 1874755 |
| Parker Automotive Metropolitan District; Series 2023 B, Ref. GO Bonds | 8.25% | 12/15/2037 | 2225 | &nbsp;&nbsp; 2236098 |
| Parterre Metropolitan District No. 5; Series 2025 A, GO Bonds | 5.13% | 12/01/2035 | 885 | &nbsp;&nbsp; 939126 |
| Peak Metropolitan District No. 1; Series 2021 A, GO Bonds<sup>(d)</sup> <br>| 5.00% | 12/01/2041 | 1670 | &nbsp;&nbsp; 1543792 |
| Plaza Metropolitan District No. 1; Series 2013, Ref. RB<sup>(d)</sup> <br>| 5.00% | 12/01/2040 | 1465 | &nbsp;&nbsp; 1465474 |
| Prairie Center Metropolitan District No. 7; Series 2021, GO Bonds | 6.38% | 06/15/2046 | 1330 | &nbsp;&nbsp; 1329846 |
| Redtail Ridge Metropolitan District; Series 2025, GO Bonds<sup>(g)</sup> <br>| 0.00% | 12/01/2032 | 4000 | &nbsp;&nbsp; 2497445 |
| Riverpark Metropolitan District (County of Arapahoe); Series 2024, GO Bonds | 6.00% | 12/01/2042 | 1900 | &nbsp;&nbsp; 1936195 |
| Riverwalk Metropolitan District No. 2; Series 2022 A, RB | 4.50% | 12/01/2032 | 4000 | &nbsp;&nbsp; 3772121 |

---

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

**Invesco Short Duration 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)** |
| Rocky Mountain Rail Park Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(d)</sup> <br>| 5.00% | 12/01/2031 | $3445 | &nbsp;&nbsp; $3465873 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(d)</sup> <br>| 5.00% | 12/01/2041 | 2000 | &nbsp;&nbsp; 1953164 |
| Sterling Ranch Community Authority Board; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 6.13% | 12/01/2039 | 550 | &nbsp;&nbsp; 576434 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.63% | 12/01/2043 | 706 | &nbsp;&nbsp; 725684 |
| Vauxmont Metropolitan District; Series 2019, Ref. GO Bonds (INS - AGI)<sup>(e)</sup> <br>| 3.25% | 12/15/2050 | 469 | &nbsp;&nbsp; 400456 |
| Verve Metropolitan District No. 1; Series 2023, GO Bonds | 5.75% | 12/01/2033 | 2895 | &nbsp;&nbsp; 2952988 |
| Villages at Castle Rock Metropolitan District No. 6; Series 2021 B, Ref. GO Bonds<sup>(d)</sup> <br>| 5.70% | 12/01/2051 | 166 | &nbsp;&nbsp; 159330 |
|  |  |  |  | &nbsp;&nbsp; 78918771 |
| **Connecticut–0.08%** | **Connecticut–0.08%** | **Connecticut–0.08%** | **Connecticut–0.08%** | **Connecticut–0.08%** |
| Connecticut (State of) Health & Educational Facilities Authority; Series 2025 A, RB<sup>(d)</sup> <br>| 12.00% | 09/01/2030 | 1000 | &nbsp;&nbsp; 1100966 |
| **Delaware–0.40%** | **Delaware–0.40%** | **Delaware–0.40%** | **Delaware–0.40%** | **Delaware–0.40%** |
| Delaware State Economic Development Authority (NRG Energy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB<sup>(a)</sup> <br>| 4.00% | 10/01/2035 | 2500 | &nbsp;&nbsp; 2536667 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, Ref. RB<sup>(a)</sup> <br>| 4.00% | 10/01/2035 | 1700 | &nbsp;&nbsp; 1724933 |
| Millsboro (Town of), DE (Plantation Lakes Special Development District); Series 2018, Ref. RB<sup>(d)</sup> <br>| 5.00% | 07/01/2028 | 1336 | &nbsp;&nbsp; 1346255 |
|  |  |  |  | &nbsp;&nbsp; 5607855 |
| **District of Columbia–1.46%** | **District of Columbia–1.46%** | **District of Columbia–1.46%** | **District of Columbia–1.46%** | **District of Columbia–1.46%** |
| District of Columbia (Ingleside at Rock Creek); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 4.13% | 07/01/2027 | 495 | &nbsp;&nbsp; 495709 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.00% | 07/01/2032 | 1000 | &nbsp;&nbsp; 1014409 |
| District of Columbia (Provident Group - Howard Properties LLC); Series 2013, RB | 5.00% | 10/01/2035 | 1285 | &nbsp;&nbsp; 1285052 |
| District of Columbia Tobacco Settlement Financing Corp.; Series 2001, RB | 6.75% | 05/15/2040 | 17230 | &nbsp;&nbsp; 17770640 |
|  |  |  |  | &nbsp;&nbsp; 20565810 |
| **Florida–9.40%** | **Florida–9.40%** | **Florida–9.40%** | **Florida–9.40%** | **Florida–9.40%** |
| Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, RB (Acquired 12/04/2020; Cost $57,423)<sup>(b)(c)</sup> <br>| 5.63% | 11/15/2029 | 58 | &nbsp;&nbsp; 861 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB (Acquired 06/04/2020; Cost $267,154)<sup>(b)(c)</sup> <br>| 6.00% | 11/15/2029 | 310 | &nbsp;&nbsp; 4653 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB (Acquired 01/17/2020; Cost $438,044)<sup>(b)(c)</sup> <br>| 6.00% | 11/15/2034 | 465 | &nbsp;&nbsp; 6979 |
| &nbsp;&nbsp;&nbsp; Alachua (County of), FL Health Facilities Authority (Terraces at Bonita Springs); Series 2022 A, <br> Ref. RB<sup>(d)</sup> <br>| 5.00% | 11/15/2061 | 965 | &nbsp;&nbsp; 709547 |
| Ave Maria Stewardship Community District; Series 2025, RB | 5.30% | 05/01/2045 | 1215 | &nbsp;&nbsp; 1216643 |
| Babcock Ranch Community Independent Special District; Series 2024, RB<sup>(d)</sup> <br>| 5.00% | 05/01/2044 | 500 | &nbsp;&nbsp; 502510 |
| Boggy Creek Improvement District; Series 2023, Ref. RB | 4.50% | 05/01/2033 | 935 | &nbsp;&nbsp; 963146 |
| Broward (County of), FL; Series 2015 A, RB<sup>(f)</sup> <br>| 5.00% | 10/01/2045 | 10000 | &nbsp;&nbsp; 9957272 |
| Capital Projects Finance Authority (Kissimmee Charter Academy); Series 2024, RB<sup>(d)</sup> <br>| 6.13% | 06/15/2044 | 150 | &nbsp;&nbsp; 153991 |
| Capital Projects Finance Authority (Millenia Orlando); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(d)</sup> <br>| 6.00% | 01/01/2035 | 2250 | &nbsp;&nbsp; 2331696 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(d)</sup> <br>| 6.38% | 01/01/2040 | 4310 | &nbsp;&nbsp; 4471215 |
| &nbsp;&nbsp;&nbsp; Capital Projects Finance Authority (Navigator Academy of Leadership Obligated Group); <br> Series 2024, Ref. RB<sup>(d)</sup> <br>| 5.00% | 06/15/2044 | 1760 | &nbsp;&nbsp; 1672958 |
| Capital Trust Agency, Inc. (Advantage Academy of Hillsborough); Series 2019, RB | 5.00% | 12/15/2029 | 330 | &nbsp;&nbsp; 331057 |
| Capital Trust Agency, Inc. (Elim Senior Housing, Inc.); Series 2017, RB<sup>(d)</sup> <br>| 5.38% | 08/01/2032 | 1000 | &nbsp;&nbsp; 964100 |
| Capital Trust Agency, Inc. (Imagine School at North Manatee); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 C, RB<sup>(d)</sup> <br>| 5.00% | 06/01/2041 | 465 | &nbsp;&nbsp; 437818 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(d)</sup> <br>| 3.25% | 06/01/2031 | 230 | &nbsp;&nbsp; 212815 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(d)</sup> <br>| 5.00% | 06/01/2041 | 1615 | &nbsp;&nbsp; 1520595 |
| Capital Trust Agency, Inc. (University Bridge LLC Student Housing); Series 2018 A, RB<sup>(d)</sup> <br>| 4.00% | 12/01/2028 | 4815 | &nbsp;&nbsp; 4813060 |
| Capital Trust Authority (Academir Charter Schools, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(d)</sup> <br>| 5.00% | 06/01/2044 | 2000 | &nbsp;&nbsp; 1845196 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(d)</sup> <br>| 5.63% | 07/01/2040 | 1785 | &nbsp;&nbsp; 1810777 |
| Capital Trust Authority (Central Florida Preparatory School Project); Series 2024, RB<sup>(d)</sup> <br>| 6.25% | 06/15/2040 | 3000 | &nbsp;&nbsp; 3076410 |
| Capital Trust Authority (Classical Academy of Sarasota (The)); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 5.00% | 07/01/2039 | 1475 | &nbsp;&nbsp; 1481876 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 5.00% | 07/01/2044 | 1140 | &nbsp;&nbsp; 1077817 |

---

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

**Invesco Short Duration 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)** |
| Capital Trust Authority (Florida Institute of Technology); Series 2025, RB<sup>(d)</sup> <br>| 4.75% | 07/01/2040 | $1250 | &nbsp;&nbsp; $1258408 |
| Capital Trust Authority (Imagine School At West Pasco Project); Series 2023, RB<sup>(d)</sup> <br>| 6.25% | 12/15/2043 | 2135 | &nbsp;&nbsp; 2105454 |
| Capital Trust Authority (KIPP Miami N Campus); Series 2024 A, RB<sup>(d)</sup> <br>| 5.63% | 06/15/2044 | 410 | &nbsp;&nbsp; 415326 |
| Capital Trust Authority (Plato Academy Schools); Series 2024, RB | 5.00% | 12/15/2044 | 3000 | &nbsp;&nbsp; 2855041 |
| Capital Trust Authority (St.Johns Classical Academy, Inc.); Series 2025, Ref. RB<sup>(d)</sup> <br>| 4.75% | 06/15/2040 | 815 | &nbsp;&nbsp; 789520 |
| Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(d)(f)</sup> <br>| 5.00% | 10/01/2029 | 1115 | &nbsp;&nbsp; 1142815 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(f)</sup> <br>| 5.88% | 10/01/2045 | 1640 | &nbsp;&nbsp; 1709845 |
| Creekview Community Development District (Phase 2); Series 2024, RB | 5.38% | 05/01/2044 | 1995 | &nbsp;&nbsp; 2005124 |
| Cypress Reserve Community Development District; Series 2025, RB<sup>(d)</sup> <br>| 5.60% | 05/01/2045 | 1625 | &nbsp;&nbsp; 1643283 |
| &nbsp;&nbsp;&nbsp; Escambia (County of), FL Health Facilities Authority (Baptist Health Care Corp. Obligated Group); <br> Series 2020, Ref. RB<br>| 4.00% | 08/15/2050 | 2100 | &nbsp;&nbsp; 1806747 |
| &nbsp;&nbsp;&nbsp; Florida (State of) Municipal Loan Council (Shingle Creek Transit & Utility Community Development <br> District); Series 2024, RB<sup>(f)</sup> <br>| 5.15% | 05/01/2044 | 405 | &nbsp;&nbsp; 413799 |
| Florida Development Finance Corp.; Series 2023, RB<sup>(a)(d)(f)</sup> <br>| 6.13% | 07/01/2026 | 3400 | &nbsp;&nbsp; 3419397 |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(a)(d)(f)</sup> <br>| 12.00% | 07/15/2028 | 3250 | &nbsp;&nbsp; 1056250 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(f)</sup> <br>| 5.00% | 07/01/2035 | 5505 | &nbsp;&nbsp; 4569150 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(e)(f)</sup> <br>| 5.00% | 07/01/2044 | 2000 | &nbsp;&nbsp; 1988739 |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail); Series 2024, RB<sup>(a)(d)(f)</sup> <br>| 10.00% | 07/15/2028 | 2000 | &nbsp;&nbsp; 650000 |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp. (Brightline West Passenger Rail); Series 2025, RB (Acquired <br> 08/12/2025; Cost $6,000,000)<sup>(a)(c)(d)(f)</sup> <br>| 10.00% | 06/15/2026 | 6000 | &nbsp;&nbsp; 4500000 |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp. (Florida Charter Educational Foundation, Inc.); Series 2016, <br> RB<sup>(d)</sup> <br>| 6.25% | 06/15/2036 | 5000 | &nbsp;&nbsp; 5033491 |
| Florida Development Finance Corp. (GFL Solid Waste Southeast LLC); Series 2024, RB<sup>(a)(d)(f)</sup> <br>| 4.38% | 10/01/2031 | 2500 | &nbsp;&nbsp; 2536727 |
| Florida Development Finance Corp. (IPS Florida LLC-Idea); Series 2022, RB<sup>(d)</sup> <br>| 5.25% | 06/15/2029 | 1000 | &nbsp;&nbsp; 1001678 |
| Florida Development Finance Corp. (Mater Academy); Series 2020 A, RB | 5.00% | 06/15/2050 | 3000 | &nbsp;&nbsp; 2893442 |
| Florida Development Finance Corp. (Parrish Charter Academy, Inc.); Series 2023, RB<sup>(a)(d)</sup> <br>| 6.25% | 06/15/2028 | 3000 | &nbsp;&nbsp; 2988173 |
| Florida Development Finance Corp. (Renaissance Charter School, Inc.); Series 2020, Ref. RB<sup>(d)</sup> <br>| 5.00% | 09/15/2040 | 1045 | &nbsp;&nbsp; 1002729 |
| Florida Housing Finance Corp.; Series 2024 3, RB (CEP - GNMA) | 6.25% | 01/01/2055 | 1220 | &nbsp;&nbsp; 1329679 |
| Florida Local Government Finance Commission (Bridgeprep Academy); Series 2025 A, RB<sup>(d)</sup> <br>| 5.50% | 06/15/2040 | 2000 | &nbsp;&nbsp; 2063708 |
| Gas Worx Community Development District; Series 2025, RB<sup>(d)</sup> <br>| 5.75% | 05/01/2045 | 1000 | &nbsp;&nbsp; 1027251 |
| Greater Orlando Aviation Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(f)</sup> <br>| 5.25% | 11/01/2034 | 1000 | &nbsp;&nbsp; 1077633 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(f)</sup> <br>| 5.25% | 11/01/2035 | 1000 | &nbsp;&nbsp; 1071453 |
| Lake (County of), FL (Lakeside at Waterman Village); Series 2020 A, Ref. RB | 5.50% | 08/15/2030 | 2885 | &nbsp;&nbsp; 2990214 |
| Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(d)</sup> <br>| 5.00% | 07/15/2028 | 265 | &nbsp;&nbsp; 266857 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(d)</sup> <br>| 5.38% | 07/15/2038 | 1300 | &nbsp;&nbsp; 1281217 |
| Lakes of Sarasota Community Development District; Series 2024 B, RB | 5.25% | 05/01/2034 | 2320 | &nbsp;&nbsp; 2386678 |
| Lakewood Ranch Stewardship District (Palm Grove); Series 2024, RB | 4.50% | 05/01/2031 | 540 | &nbsp;&nbsp; 548955 |
| Lee (County of), FL Housing Finance Authority (Aria Landings); Series 2023 B, RB<sup>(a)(d)</sup> <br>| 5.50% | 07/01/2026 | 6965 | &nbsp;&nbsp; 6963874 |
| &nbsp;&nbsp;&nbsp; Lee (County of), FL Industrial Development Authority (Shell Point Obligated Group); Series 2024 <br> B-3, RB<br>| 4.13% | 11/15/2029 | 1500 | &nbsp;&nbsp; 1506949 |
| Lowery Hills Community Development District (Assessment Area One); Series 2025, RB<sup>(d)</sup> <br>| 5.63% | 05/01/2045 | 725 | &nbsp;&nbsp; 729915 |
| Madeira Community Development District (Assessment Area No.2); Series 2025, RB | 4.70% | 05/01/2035 | 860 | &nbsp;&nbsp; 879796 |
| Middleton Community Development District A; Series 2024, RB | 4.00% | 05/01/2034 | 735 | &nbsp;&nbsp; 741207 |
| New Port Corners Community Development District; Series 2025, RB<sup>(d)</sup> <br>| 5.20% | 06/15/2045 | 500 | &nbsp;&nbsp; 500838 |
| Northridge Community Development District; Series 2025, RB<sup>(d)</sup> <br>| 5.75% | 05/01/2045 | 1750 | &nbsp;&nbsp; 1797689 |
| Okaloosa (County of), FL (Air Force Enlisted Village); Series 2025, RB<sup>(d)</sup> <br>| 4.38% | 05/15/2035 | 645 | &nbsp;&nbsp; 650258 |
| &nbsp;&nbsp;&nbsp; Orange (County of), FL Health Facilities Authority (Presbyterian Retirement Communities Obligated <br> Group); Series 2024, Ref. RB<br>| 5.00% | 08/01/2047 | 1900 | &nbsp;&nbsp; 1909611 |
| Parrish Lakes Community Development District; Series 2024, RB | 5.50% | 05/01/2044 | 860 | &nbsp;&nbsp; 871313 |
| Pembroke Harbor Community Development District; Series 2008 A, RB | 7.00% | 05/01/2038 | 900 | &nbsp;&nbsp; 902024 |
| &nbsp;&nbsp;&nbsp; Pinellas (County of), FL Industrial Development Authority (2017 Foundation for Global <br> Understanding); Series 2019, RB<br>| 5.00% | 07/01/2039 | 1750 | &nbsp;&nbsp; 1762317 |
| &nbsp;&nbsp;&nbsp; Polk (County of), FL Industrial Development Authority (Carpenter's Home Estates); Series 2019, <br> Ref. IDR<br>| 5.00% | 01/01/2049 | 2500 | &nbsp;&nbsp; 2390184 |

---

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

**Invesco Short Duration 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)** |
| &nbsp;&nbsp;&nbsp; Polk (County of), FL Industrial Development Authority (Mineral Development LLC); Series 2020, RB <br> (Acquired 10/23/2020; Cost $2,855,000)<sup>(b)(c)(d)(f)(i)</sup> <br>| 5.88% | 01/01/2033 | $2855 | &nbsp;&nbsp; $434221 |
| Ranches at Lake Mcleod Community Development District (Assessment Area Two); Series 2025, RB | 5.45% | 06/15/2045 | 600 | &nbsp;&nbsp; 608986 |
| Rivers Edge III Community Development District; Series 2025, RB | 5.75% | 05/01/2045 | 450 | &nbsp;&nbsp; 465818 |
| V-Dana Community Development District (Assessment Area Two - 2025 Project Area); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.38% | 05/01/2045 | 875 | &nbsp;&nbsp; 883589 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.55% | 05/01/2055 | 1250 | &nbsp;&nbsp; 1257820 |
| Venice (City of), FL (Village on the Isle); Series 2024, RB<sup>(d)</sup> <br>| 4.25% | 01/01/2030 | 900 | &nbsp;&nbsp; 901728 |
| West Villages Improvement District (Develepmont Unit No. 10); Series 2024, RB | 5.38% | 05/01/2044 | 500 | &nbsp;&nbsp; 507509 |
| Wildwood (City of), FL Village Community Development Disctrict No. 15; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 4.20% | 05/01/2039 | 1495 | &nbsp;&nbsp; 1487867 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 4.55% | 05/01/2044 | 995 | &nbsp;&nbsp; 963337 |
| Wildwood (City of), FL Village Community Development Disctrict No. 16; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 4.50% | 05/01/2040 | 1000 | &nbsp;&nbsp; 1011339 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 4.88% | 05/01/2045 | 700 | &nbsp;&nbsp; 700578 |
|  |  |  |  | &nbsp;&nbsp; 132220542 |
| **Georgia–1.97%** | **Georgia–1.97%** | **Georgia–1.97%** | **Georgia–1.97%** | **Georgia–1.97%** |
| &nbsp;&nbsp;&nbsp; Albany (City of) & Dougherty (Country of), GA Payroll Development Authority (Procter & Gamble <br> Paper Products Co. (The)); Series 1998, RB<sup>(f)</sup> <br>| 5.30% | 05/15/2026 | 810 | &nbsp;&nbsp; 811361 |
| Atlanta Development Authority (The) (Westside Gulch Area); Series 2024 A, RB<sup>(d)</sup> <br>| 5.00% | 04/01/2034 | 1750 | &nbsp;&nbsp; 1784991 |
| &nbsp;&nbsp;&nbsp; Cobb (County of), GA Development Authority (The) (Northwest Classical Academy); Series 2023, <br> RB<sup>(d)</sup> <br>| 5.20% | 06/15/2033 | 1000 | &nbsp;&nbsp; 1025104 |
| Conyers (City of), GA (Salem Gate); Series 2024, RB | 5.38% | 03/01/2036 | 2870 | &nbsp;&nbsp; 2891149 |
| DeKalb (County of), GA Development Authority (The Globe Academy, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB | 5.00% | 06/01/2040 | 400 | &nbsp;&nbsp; 406322 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB | 5.00% | 06/01/2045 | 415 | &nbsp;&nbsp; 415214 |
| Floyd (County of), GA Development Authority (The Spires at Berry College); Series 2018 A, RB | 5.50% | 12/01/2028 | 1200 | &nbsp;&nbsp; 1201725 |
| &nbsp;&nbsp;&nbsp; Macon-Bibb (County of), GA Urban Development Authority (Academy for Classical Education, Inc.); <br> Series 2017 A, RB<sup>(d)</sup> <br>| 5.00% | 06/15/2027 | 170 | &nbsp;&nbsp; 171073 |
| Main Street Natural Gas, Inc.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 C, RB<sup>(a)(d)</sup> <br>| 4.00% | 11/01/2027 | 11000 | &nbsp;&nbsp; 11005885 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB<sup>(a)</sup> <br>| 5.00% | 03/01/2030 | 2000 | &nbsp;&nbsp; 2121988 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, RB<sup>(a)</sup> <br>| 5.00% | 12/01/2031 | 2000 | &nbsp;&nbsp; 2153592 |
| &nbsp;&nbsp;&nbsp; Oconee (County of), GA Industrial Development Authority (Presbyterian Village Athens); <br> Series 2018 A-1, RB<br>| 5.75% | 12/01/2028 | 1425 | &nbsp;&nbsp; 1432676 |
| Savannah Georgia Convention Center Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - AGI)<sup>(e)</sup> <br>| 5.25% | 06/01/2041 | 600 | &nbsp;&nbsp; 660892 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - AGI)<sup>(e)</sup> <br>| 5.25% | 06/01/2043 | 700 | &nbsp;&nbsp; 755658 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - AGI)<sup>(e)</sup> <br>| 5.50% | 06/01/2045 | 750 | &nbsp;&nbsp; 813758 |
|  |  |  |  | &nbsp;&nbsp; 27651388 |
| **Guam–0.20%** | **Guam–0.20%** | **Guam–0.20%** | **Guam–0.20%** | **Guam–0.20%** |
| Guam (Territory of) Department of Education (John F. Kennedy); Series 2020, Ref. COP | 5.00% | 02/01/2040 | 2750 | &nbsp;&nbsp; 2780152 |
| **Idaho–0.65%** | **Idaho–0.65%** | **Idaho–0.65%** | **Idaho–0.65%** | **Idaho–0.65%** |
| Avimor Community Infrastructure District No. 1 (Assessment Area Five); Series 2024, RB<sup>(d)</sup> <br>| 5.88% | 09/01/2053 | 1703 | &nbsp;&nbsp; 1754696 |
| Idaho (State of) Health Facilities Authority (Trinity Health Credit Group); Series 2015 D, Ref. RB | 5.50% | 12/01/2027 | 1750 | &nbsp;&nbsp; 1759422 |
| Idaho (State of) Health Facilities Authority (Valley Vista Care Corp.); Series 2017 A, Ref. RB | 4.00% | 11/15/2027 | 430 | &nbsp;&nbsp; 424062 |
| &nbsp;&nbsp;&nbsp; Idaho (State of) Housing & Finance Association (Compass Public Charter School, Inc.); Series 2018 <br> A, RB<sup>(d)</sup> <br>| 4.63% | 07/01/2029 | 110 | &nbsp;&nbsp; 110259 |
| Idaho (State of) Housing & Finance Association (Future Public School); Series 2022 A, RB<sup>(d)</sup> <br>| 4.00% | 05/01/2042 | 2280 | &nbsp;&nbsp; 1878029 |
| Idaho (State of) Housing & Finance Association (North Star Charter School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, Ref. RB | 6.75% | 07/01/2028 | 205 | &nbsp;&nbsp; 209286 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, Ref. RB | 6.75% | 07/01/2036 | 526 | &nbsp;&nbsp; 534734 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, Ref. RB | 6.75% | 07/01/2048 | 2384 | &nbsp;&nbsp; 2396382 |
| Power County Industrial Development Corp. (FMC Corp.); Series 1999, RB<sup>(f)</sup> <br>| 6.45% | 08/01/2032 | 130 | &nbsp;&nbsp; 130484 |
|  |  |  |  | &nbsp;&nbsp; 9197354 |
| **Illinois–3.56%** | **Illinois–3.56%** | **Illinois–3.56%** | **Illinois–3.56%** | **Illinois–3.56%** |
| Aurora (City of), IL (East River Area TIF No. 6); Series 2018 A, Ref. RB | 5.00% | 12/30/2027 | 395 | &nbsp;&nbsp; 397734 |

---

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

**Invesco Short Duration 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)** |
| Berwyn (City of), IL (South Berwyn Corridor); Series 2020, RB<sup>(d)</sup> <br>| 4.00% | 12/01/2028 | $805 | &nbsp;&nbsp; $787108 |
| Bradley (Village of), IL (Bradley Commons); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 01/01/2026 | 505 | &nbsp;&nbsp; 505403 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 01/01/2027 | 530 | &nbsp;&nbsp; 535413 |
| Chicago (City of), IL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. GO Bonds | 5.63% | 01/01/2029 | 1000 | &nbsp;&nbsp; 1017780 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. GO Bonds | 5.75% | 01/01/2034 | 1500 | &nbsp;&nbsp; 1525323 |
| Chicago (City of), IL (O'Hare International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 B, Ref. RB | 5.00% | 01/01/2041 | 1000 | &nbsp;&nbsp; 1000569 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, Ref. RB<sup>(f)</sup> <br>| 5.25% | 01/01/2043 | 1700 | &nbsp;&nbsp; 1818413 |
| Chicago (City of), IL Board of Education; Series 2025 B, Ref. GO Bonds | 5.00% | 12/01/2040 | 2500 | &nbsp;&nbsp; 2413495 |
| Chicago (City of), IL Midway International Airport; Series 2025 B, Ref. RB | 5.00% | 01/01/2042 | 2000 | &nbsp;&nbsp; 2180671 |
| Evanston (City of), IL (Roycemore School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(d)</sup> <br>| 4.00% | 04/01/2032 | 245 | &nbsp;&nbsp; 232596 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(d)</sup> <br>| 4.38% | 04/01/2041 | 930 | &nbsp;&nbsp; 813610 |
| Hillside (Village of), IL (Mannheim Redevelopment); Series 2018, Ref. RB | 5.00% | 01/01/2030 | 1830 | &nbsp;&nbsp; 1842408 |
| Illinois (County of), IL School District No. 102 (La Grange); Series 2025, GO Bonds (INS - BAM)<sup>(e)</sup> <br>| 5.00% | 12/15/2044 | 1375 | &nbsp;&nbsp; 1442579 |
| Illinois (State of); Series 2025 E, GO Bonds (INS - BAM)<sup>(e)</sup> <br>| 5.00% | 09/01/2045 | 2500 | &nbsp;&nbsp; 2607206 |
| Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.); Series 2002, RB<sup>(f)</sup> <br>| 8.00% | 06/01/2032 | 11805 | &nbsp;&nbsp; 11820740 |
| Illinois (State of) Finance Authority; Series 2025, Ref. RB<sup>(d)</sup> <br>| 5.88% | 09/01/2046 | 1500 | &nbsp;&nbsp; 1493038 |
| Illinois (State of) Finance Authority (Intrinsic Schools - Belmont School); Series 2015, RB<sup>(d)</sup> <br>| 5.25% | 12/01/2025 | 100 | &nbsp;&nbsp; 100000 |
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB (Acquired 11/27/2019; Cost $2,150,840)<sup>(c)</sup> <br>| 5.00% | 11/01/2027 | 2065 | &nbsp;&nbsp; 1430012 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB (Acquired 09/08/2022; Cost $1,885,670)<sup>(c)</sup> <br>| 5.00% | 11/01/2035 | 2020 | &nbsp;&nbsp; 1398850 |
| Illinois (State of) Finance Authority (Northshore University Health); Series 2020, VRD RB<sup>(j)</sup> <br>| 1.25% | 08/15/2049 | 3000 | &nbsp;&nbsp; 3000000 |
| Illinois (State of) Finance Authority (Park Place of Elmhurst); Series 2016, RB | 5.13% | 05/15/2060 | 1073 | &nbsp;&nbsp; 789266 |
| Illinois (State of) Medical District Commission; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, COP (INS - NATL)<sup>(e)</sup> <br>| 5.13% | 06/01/2026 | 10 | &nbsp;&nbsp; 10011 |
| &nbsp;&nbsp;&nbsp; Series 2002, COP (INS - NATL)<sup>(e)</sup> <br>| 5.25% | 06/01/2032 | 140 | &nbsp;&nbsp; 140149 |
| Illinois (State of) Toll Highway Authority; Series 2016 B, RB | 5.00% | 01/01/2041 | 2375 | &nbsp;&nbsp; 2387379 |
| Marion (City of), IL (Star Bond District Project Area No. 1); Series 2025, RB | 6.38% | 06/01/2045 | 7745 | &nbsp;&nbsp; 7755542 |
| Morton Grove (Village of), IL (Sawmill Station Redevelopment); Series 2019, RB | 4.25% | 01/01/2029 | 640 | &nbsp;&nbsp; 638903 |
|  |  |  |  | &nbsp;&nbsp; 50084198 |
| **Indiana–1.86%** | **Indiana–1.86%** | **Indiana–1.86%** | **Indiana–1.86%** | **Indiana–1.86%** |
| Evansville (City of), IN (Silver Birch of Evansville); Series 2017, RB | 4.80% | 01/01/2028 | 135 | &nbsp;&nbsp; 132068 |
| Indiana (State of) Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.25% | 07/01/2040 | 1895 | &nbsp;&nbsp; 1914579 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.00% | 11/15/2043 | 12950 | &nbsp;&nbsp; 13889058 |
| Indiana (State of) Finance Authority (Good Samaritan Hospital); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.00% | 04/01/2037 | 200 | &nbsp;&nbsp; 200404 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.50% | 04/01/2046 | 5785 | &nbsp;&nbsp; 5793250 |
| Indiana (State of) Finance Authority (Irvington Community School); Series 2018 A, Ref. RB<sup>(d)</sup> <br>| 5.50% | 07/01/2028 | 400 | &nbsp;&nbsp; 400084 |
| Indiana (State of) Finance Authority (University of Evansville); Series 2022 A, Ref. RB | 5.25% | 09/01/2037 | 1865 | &nbsp;&nbsp; 1945898 |
| Mishawaka (City of), IN (Silver Birch of Mishwaka); Series 2017, RB<sup>(d)</sup> <br>| 5.10% | 01/01/2032 | 810 | &nbsp;&nbsp; 791342 |
| Whiting (City of), IN (BP Products North America, Inc.); Series 2015, RB<sup>(a)(f)</sup> <br>| 4.40% | 06/10/2031 | 1000 | &nbsp;&nbsp; 1056715 |
|  |  |  |  | &nbsp;&nbsp; 26123398 |
| **Iowa–1.79%** | **Iowa–1.79%** | **Iowa–1.79%** | **Iowa–1.79%** | **Iowa–1.79%** |
| Ackley (City of), IA (Grand Jivante); Series 2018 A, RB | 4.50% | 08/01/2033 | 600 | &nbsp;&nbsp; 527033 |
| Clear Lake (City of), IA (Timbercrest Apartments, LLC); Series 2018, RB | 4.30% | 10/01/2028 | 660 | &nbsp;&nbsp; 646734 |
| Iowa (State of) Finance Authority (Alcoa, Inc.); Series 2012, RB | 4.75% | 08/01/2042 | 4500 | &nbsp;&nbsp; 4500086 |
| Iowa (State of) Finance Authority (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(f)</sup> <br>| 8.13% | 07/01/2030 | 1100 | &nbsp;&nbsp; 1108247 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 4.50% | 10/01/2035 | 750 | &nbsp;&nbsp; 757767 |
| Iowa (State of) Finance Authority (Iowa Fertilizer Co.); Series 2022, Ref. RB<sup>(a)(h)</sup> <br>| 5.00% | 12/01/2032 | 5410 | &nbsp;&nbsp; 6224441 |
| Iowa (State of) Finance Authority (Union at the Marina); Series 2024 A-1, RB<sup>(d)</sup> <br>| 6.00% | 11/01/2027 | 1345 | &nbsp;&nbsp; 1355407 |
| PEFA, Inc.; Series 2019, RB<sup>(a)</sup> <br>| 5.00% | 09/01/2026 | 10000 | &nbsp;&nbsp; 10104675 |
|  |  |  |  | &nbsp;&nbsp; 25224390 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Kansas–0.99%** | **Kansas–0.99%** | **Kansas–0.99%** | **Kansas–0.99%** | **Kansas–0.99%** |
| Garden (City of), KS; Series 2025, RB<sup>(d)</sup> <br>| 5.38% | 06/01/2039 | $4500 | &nbsp;&nbsp; $4551961 |
| Wichita (City of), KS (Presbyterian Manors, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 05/15/2027 | 1165 | &nbsp;&nbsp; 1166531 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 05/15/2029 | 1280 | &nbsp;&nbsp; 1284437 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 05/15/2034 | 2950 | &nbsp;&nbsp; 2963614 |
| &nbsp;&nbsp;&nbsp; Series 2024 VIII, Ref. RB | 5.25% | 05/15/2039 | 2000 | &nbsp;&nbsp; 2005282 |
| &nbsp;&nbsp;&nbsp; Series 2024 VIII, Ref. RB | 5.75% | 05/15/2045 | 2000 | &nbsp;&nbsp; 1951213 |
|  |  |  |  | &nbsp;&nbsp; 13923038 |
| **Kentucky–0.78%** | **Kentucky–0.78%** | **Kentucky–0.78%** | **Kentucky–0.78%** | **Kentucky–0.78%** |
| Christian (County of), KY (Jennie Stuart Medical Center, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 02/01/2026 | 165 | &nbsp;&nbsp; 165407 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.38% | 02/01/2036 | 5000 | &nbsp;&nbsp; 5011331 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.50% | 02/01/2044 | 2170 | &nbsp;&nbsp; 2171806 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Economic Development Finance Authority (Christian Care <br> Communities); Series 2021, Ref. RB<br>| 4.25% | 07/01/2031 | 2665 | &nbsp;&nbsp; 2581475 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky <br> Information Highway); Series 2015 A, RB<br>| 5.00% | 07/01/2030 | 1000 | &nbsp;&nbsp; 1001371 |
|  |  |  |  | &nbsp;&nbsp; 10931390 |
| **Louisiana–1.34%** | **Louisiana–1.34%** | **Louisiana–1.34%** | **Louisiana–1.34%** | **Louisiana–1.34%** |
| Juban Crossing Community Development District; Series 2024 B, RB | 6.25% | 06/01/2034 | 1000 | &nbsp;&nbsp; 1042420 |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development <br> Authority (Christwood);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(d)</sup> <br>| 4.25% | 11/15/2030 | 940 | &nbsp;&nbsp; 945304 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(d)</sup> <br>| 5.00% | 11/15/2037 | 1900 | &nbsp;&nbsp; 1966527 |
| &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>(d)</sup> <br>| 5.38% | 11/01/2038 | 2695 | &nbsp;&nbsp; 2792387 |
| &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>(d)</sup> <br>| 4.63% | 11/01/2038 | 1275 | &nbsp;&nbsp; 1295021 |
| Louisiana (State of) Public Facilities Authority (Waste Pro USA, Inc.); Series 2025, RB<sup>(a)(d)(f)</sup> <br>| 4.38% | 10/02/2028 | 5000 | &nbsp;&nbsp; 5001238 |
| &nbsp;&nbsp;&nbsp; Plaquemines Port Harbor & Terminal District (NOLA Terminal LLC); Series 2024 A, RB (Acquired <br> 06/04/2024; Cost $4,888,954)<sup>(c)(d)</sup> <br>| 9.00% | 12/01/2044 | 5000 | &nbsp;&nbsp; 4345103 |
| St. James (Parish of), LA (Nustar Logistics, L.P.); Series 2011, RB<sup>(a)</sup> <br>| 3.70% | 06/01/2030 | 1500 | &nbsp;&nbsp; 1516475 |
|  |  |  |  | &nbsp;&nbsp; 18904475 |
| **Maryland–0.25%** | **Maryland–0.25%** | **Maryland–0.25%** | **Maryland–0.25%** | **Maryland–0.25%** |
| Baltimore (City of), MD (Convention Center Hotel); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 09/01/2026 | 2160 | &nbsp;&nbsp; 2175509 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 09/01/2027 | 1100 | &nbsp;&nbsp; 1117950 |
| &nbsp;&nbsp;&nbsp; Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy); <br> Series 2017 A, RB<sup>(d)</sup> <br>| 5.00% | 07/01/2027 | 215 | &nbsp;&nbsp; 216111 |
| &nbsp;&nbsp;&nbsp; Maryland (State of) Health & Higher Educational Facilities Authority (Johns Hopkins Medical <br> Institutions Parking Facilities); Series 1996, RB (INS - AMBAC)<sup>(e)</sup> <br>| 5.50% | 07/01/2026 | 10 | &nbsp;&nbsp; 10073 |
|  |  |  |  | &nbsp;&nbsp; 3519643 |
| **Massachusetts–1.56%** | **Massachusetts–1.56%** | **Massachusetts–1.56%** | **Massachusetts–1.56%** | **Massachusetts–1.56%** |
| Ashland (Town of), MA; Series 2022, GO Bonds | 4.00% | 08/01/2042 | 1000 | &nbsp;&nbsp; 1007436 |
| Lynn Housing Authority & Neighborhood Development; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 4.00% | 10/01/2026 | 100 | &nbsp;&nbsp; 100009 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 4.00% | 10/01/2027 | 150 | &nbsp;&nbsp; 150017 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 4.25% | 10/01/2028 | 320 | &nbsp;&nbsp; 320061 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 4.38% | 10/01/2029 | 385 | &nbsp;&nbsp; 385085 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 4.50% | 10/01/2030 | 690 | &nbsp;&nbsp; 690175 |
| Massachusetts (Commonwealth of) Development Finance Agency; Series 2025, RB | 5.00% | 07/01/2040 | 4000 | &nbsp;&nbsp; 4198106 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Berklee College of Music); <br> Series 2016, Ref. RB<br>| 5.00% | 10/01/2039 | 4000 | &nbsp;&nbsp; 4040882 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Brown University); Series 2025, <br> RB<br>| 5.25% | 08/15/2041 | 5475 | &nbsp;&nbsp; 5921596 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Emerson College); Series 2025, <br> Ref. RB<br>| 5.25% | 01/01/2040 | 1070 | &nbsp;&nbsp; 1132787 |

---

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

**Invesco Short Duration 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)** |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.); <br> Series 2017, Ref. RB<sup>(d)</sup> <br>| 5.00% | 10/01/2047 | $4000 | &nbsp;&nbsp; $3974000 |
|  |  |  |  | &nbsp;&nbsp; 21920154 |
| **Michigan–1.55%** | **Michigan–1.55%** | **Michigan–1.55%** | **Michigan–1.55%** | **Michigan–1.55%** |
| Advanced Technology Academy; Series 2019, Ref. RB | 5.00% | 11/01/2034 | 1600 | &nbsp;&nbsp; 1636758 |
| Ecorse (City of), MI; Series 2011, GO Bonds | 5.80% | 11/01/2026 | 385 | &nbsp;&nbsp; 385359 |
| Ivywood Classical Academy; Series 2023, RB | 5.00% | 01/01/2034 | 1830 | &nbsp;&nbsp; 1869717 |
| MBS International Airport Revenue; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(f)</sup> <br>| 5.75% | 06/01/2040 | 1000 | &nbsp;&nbsp; 1064980 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(f)</sup> <br>| 6.00% | 06/01/2045 | 1010 | &nbsp;&nbsp; 1045187 |
| Michigan (State of) Finance Authority (Henry Ford Health System) (Green Bonds); Series 2024, RB | 5.25% | 02/29/2040 | 1000 | &nbsp;&nbsp; 1092537 |
| Michigan (State of) Finance Authority (Huron Academy); Series 2024, Ref. RB | 4.50% | 10/01/2034 | 2345 | &nbsp;&nbsp; 2343380 |
| Michigan (State of) Finance Authority (Madison Academy); Series 2021, Ref. RB | 4.25% | 12/01/2039 | 1350 | &nbsp;&nbsp; 1185174 |
| Michigan (State of) Finance Authority (Trinity Health Credit Group); Series 2019 A, Ref. RB | 4.00% | 12/01/2049 | 1145 | &nbsp;&nbsp; 1021936 |
| Michigan (State of) Strategic Fund (Evangelical Homes); Series 2013, Ref. RB | 5.50% | 06/01/2047 | 2820 | &nbsp;&nbsp; 2225677 |
| Michigan (State of) Strategic Fund (Green Bonds); Series 2021, RB<sup>(a)(f)</sup> <br>| 4.00% | 10/01/2026 | 5610 | &nbsp;&nbsp; 5606144 |
| Waterford Township Economic Development Corp.; Series 2016 A, RB<sup>(g)</sup> <br>| 0.00% | 07/01/2026 | 980 | &nbsp;&nbsp; 218540 |
| Wayne (County of), MI Airport Authority (Detroit Metropolitan Airport); Series 2025, Ref. RB | 5.00% | 12/01/2043 | 2000 | &nbsp;&nbsp; 2164466 |
|  |  |  |  | &nbsp;&nbsp; 21859855 |
| **Minnesota–2.37%** | **Minnesota–2.37%** | **Minnesota–2.37%** | **Minnesota–2.37%** | **Minnesota–2.37%** |
| Bethel (City of), MN (Ecumen Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.25% | 03/01/2034 | 750 | &nbsp;&nbsp; 766821 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 6.13% | 03/01/2044 | 1500 | &nbsp;&nbsp; 1506719 |
| Bethel (City of), MN (Spectrum High School); Series 2024, RB | 5.00% | 07/01/2059 | 1500 | &nbsp;&nbsp; 1396603 |
| Brainerd (City of), MN; Series 2025, RB | 5.50% | 05/01/2045 | 4700 | &nbsp;&nbsp; 4727763 |
| Brooklyn Park (City of), MN (Prairie Seeds Academy); Series 2024, Ref. RB | 5.00% | 06/15/2044 | 2835 | &nbsp;&nbsp; 2669520 |
| Carlton (City of), MN; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.25% | 09/01/2035 | 1030 | &nbsp;&nbsp; 1043722 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 6.38% | 09/01/2045 | 2445 | &nbsp;&nbsp; 2491444 |
| Coon Rapids (City of), MN (Athlos Leadership Academy); Series 2025, Ref. RB | 6.50% | 06/15/2047 | 2000 | &nbsp;&nbsp; 2050090 |
| Dakota (County of), MN Community Development Agency (Quill); Series 2021, RB<sup>(d)</sup> <br>| 3.55% | 04/01/2039 | 5000 | &nbsp;&nbsp; 4175495 |
| &nbsp;&nbsp;&nbsp; Dakota (County of), MN Community Development Agency (Sanctuary at West St. Paul); <br> Series 2015, RB<br>| 5.75% | 08/01/2030 | 695 | &nbsp;&nbsp; 600815 |
| Duluth (City of), MN Housing & Redevelopment Authority (Duluth Public Schools Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 4.25% | 11/01/2028 | 1055 | &nbsp;&nbsp; 1023138 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 11/01/2033 | 1070 | &nbsp;&nbsp; 1041103 |
| Minneapolis (City of), MN (Spero Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(d)</sup> <br>| 5.50% | 07/01/2027 | 350 | &nbsp;&nbsp; 352322 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(d)</sup> <br>| 6.00% | 07/01/2032 | 1080 | &nbsp;&nbsp; 1095222 |
| Ramsey (City of), MN (Pact Charter School); Series 2022 A, Ref. RB | 5.00% | 06/01/2032 | 2000 | &nbsp;&nbsp; 2001743 |
| Rochester (City of), MN (Homestead at Rochester, Inc.); Series 2013 A, RB | 6.88% | 12/01/2048 | 1000 | &nbsp;&nbsp; 1000526 |
| Shakopee (City of), MN; Series 2025, Ref. RB | 5.13% | 11/01/2040 | 1800 | &nbsp;&nbsp; 1816377 |
| &nbsp;&nbsp;&nbsp; St. Louis Park (City of), MN (Place Via Sol Project); Series 2018, RB (Acquired 12/26/2018; <br> Cost $1,927,397)<sup>(a)(b)(c)(d)</sup> <br>| 6.00% | 07/01/2027 | 1927 | &nbsp;&nbsp; 192740 |
| &nbsp;&nbsp;&nbsp; St. Paul (City of), MN Housing & Redevelopment Authority (Great River School); Series 2017 A, <br> RB<sup>(d)</sup> <br>| 5.25% | 07/01/2033 | 140 | &nbsp;&nbsp; 141532 |
| &nbsp;&nbsp;&nbsp; St. Paul (City of), MN Housing & Redevelopment Authority (Higher Ground Academy); Series 2023, <br> Ref. RB<br>| 4.25% | 12/01/2032 | 970 | &nbsp;&nbsp; 993681 |
| &nbsp;&nbsp;&nbsp; St. Paul (City of), MN Housing & Redevelopment Authority (Hmong College Prep Academy); <br> Series 2016, Ref. RB<br>| 5.00% | 09/01/2026 | 215 | &nbsp;&nbsp; 215974 |
| &nbsp;&nbsp;&nbsp; St. Paul (City of), MN Housing & Redevelopment Authority (Hmong Prep Academy); Series 2020, <br> Ref. RB<br>| 5.00% | 09/01/2040 | 1500 | &nbsp;&nbsp; 1500250 |
| &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 | 4.00% | 10/01/2031 | 250 | &nbsp;&nbsp; 238893 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 4.13% | 10/01/2033 | 250 | &nbsp;&nbsp; 236791 |
|  |  |  |  | &nbsp;&nbsp; 33279284 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Mississippi–0.19%** | **Mississippi–0.19%** | **Mississippi–0.19%** | **Mississippi–0.19%** | **Mississippi–0.19%** |
| Mississippi (State of) Development Bank (Jackson County Gomesa); Series 2021, RB<sup>(d)</sup> <br>| 3.63% | 11/01/2036 | $2820 | &nbsp;&nbsp; $2674372 |
| **Missouri–0.93%** | **Missouri–0.93%** | **Missouri–0.93%** | **Missouri–0.93%** | **Missouri–0.93%** |
| &nbsp;&nbsp;&nbsp; Cape Girardeau (County of), MO Industrial Development Authority (Procter & Gamble Paper <br> Products Co. (The)); Series 1998, RB<sup>(f)</sup> <br>| 5.30% | 05/15/2028 | 30 | &nbsp;&nbsp; 30067 |
| I-470 Western Gateway Transportation Development District; Series 2019 A, RB<sup>(d)</sup> <br>| 4.50% | 12/01/2029 | 30 | &nbsp;&nbsp; 30050 |
| &nbsp;&nbsp;&nbsp; Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community <br> Improvement District);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(d)</sup> <br>| 4.25% | 04/01/2026 | 100 | &nbsp;&nbsp; 99877 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(d)</sup> <br>| 5.00% | 04/01/2036 | 2000 | &nbsp;&nbsp; 2000906 |
| &nbsp;&nbsp;&nbsp; Kansas City (City of), MO Land Clearance for Redevelopment Authority (Convention Center Hotel); <br> Series 2018 B, RB<sup>(d)</sup> <br>| 4.38% | 02/01/2031 | 450 | &nbsp;&nbsp; 446152 |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.25% | 05/15/2037 | 1000 | &nbsp;&nbsp; 1001251 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.25% | 05/15/2042 | 1750 | &nbsp;&nbsp; 1675678 |
| Maryland Heights (City of), MO (Westport Plaza Redevelopment); Series 2020, RB | 4.13% | 11/01/2038 | 2180 | &nbsp;&nbsp; 2051518 |
| Missouri (State of) Health & Educational Facilities Authority (Mercy Health); Series 2025, Ref. RB<sup>(d)</sup> <br>| 6.00% | 10/01/2045 | 3000 | &nbsp;&nbsp; 3008935 |
| St Louis County Industrial Development Authority; Series 2017, Ref. RB | 5.00% | 09/01/2037 | 1195 | &nbsp;&nbsp; 1206988 |
| &nbsp;&nbsp;&nbsp; St. Louis (County of), MO Industrial Development Authority (Friendship Village West County); <br> Series 2018 A, RB<br>| 5.00% | 09/01/2038 | 1500 | &nbsp;&nbsp; 1523788 |
|  |  |  |  | &nbsp;&nbsp; 13075210 |
| **Montana–0.36%** | **Montana–0.36%** | **Montana–0.36%** | **Montana–0.36%** | **Montana–0.36%** |
| Montana (State of) Facility Finance Authority (Franklin School Apartments); Series 2025, RB<sup>(a)</sup> <br>| 5.15% | 12/01/2026 | 2500 | &nbsp;&nbsp; 2506135 |
| Montana Board of Housing (Baxter Apartments Projects); Series 2023, RB<sup>(a)</sup> <br>| 6.50% | 03/01/2026 | 2500 | &nbsp;&nbsp; 2501566 |
|  |  |  |  | &nbsp;&nbsp; 5007701 |
| **Nevada–0.18%** | **Nevada–0.18%** | **Nevada–0.18%** | **Nevada–0.18%** | **Nevada–0.18%** |
| Las Vegas (City of), NV Special Improvement District No. 613; Series 2024, RB | 5.00% | 12/01/2039 | 400 | &nbsp;&nbsp; 413384 |
| &nbsp;&nbsp;&nbsp; Nevada (State of) Department of Business & Industry (Doral Academy of Nevada); Series 2017 A, <br> RB<br>| 5.00% | 07/15/2037 | 500 | &nbsp;&nbsp; 500073 |
| &nbsp;&nbsp;&nbsp; North Las Vegas (City of), NV Special Improvement District No. 66 (Villages at Tule Springs Village <br> 1); Series 2022, RB<sup>(d)</sup> <br>| 5.50% | 06/01/2037 | 730 | &nbsp;&nbsp; 765589 |
| Reno (City of), NV; Series 2025, RB<sup>(d)</sup> <br>| 5.00% | 06/01/2041 | 825 | &nbsp;&nbsp; 847105 |
|  |  |  |  | &nbsp;&nbsp; 2526151 |
| **New Hampshire–2.59%** | **New Hampshire–2.59%** | **New Hampshire–2.59%** | **New Hampshire–2.59%** | **New Hampshire–2.59%** |
| New Hampshire (State of) Business Finance Authority; Series 2025 B-1, RB | 5.15% | 09/28/2037 | 2000 | &nbsp;&nbsp; 2028592 |
| New Hampshire (State of) Business Finance Authority (Canyon Ranch); Series 2025, RB<sup>(d)(g)</sup> <br>| 0.00% | 12/01/2035 | 7700 | &nbsp;&nbsp; 3916151 |
| New Hampshire (State of) Business Finance Authority (Covanta); Series 2020 A, Ref. RB<sup>(a)(d)</sup> <br>| 3.63% | 07/02/2040 | 3455 | &nbsp;&nbsp; 2836095 |
| New Hampshire (State of) Business Finance Authority (Grace Christian School); Series 2025, RB | 5.13% | 08/01/2040 | 1500 | &nbsp;&nbsp; 1517937 |
| New Hampshire (State of) Business Finance Authority (Megatel); Series 2025, RB<sup>(d)(g)</sup> <br>| 0.00% | 12/15/2033 | 5000 | &nbsp;&nbsp; 3094563 |
| New Hampshire (State of) Business Finance Authority (River Ranch); Series 2025, RB<sup>(d)(g)</sup> <br>| 0.00% | 12/01/2031 | 10000 | &nbsp;&nbsp; 7020354 |
| New Hampshire (State of) Business Finance Authority (Social Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-1A, RB | 4.38% | 09/20/2036 | 1528 | &nbsp;&nbsp; 1554741 |
| &nbsp;&nbsp;&nbsp; Series 2022-2A, RB | 4.00% | 10/20/2036 | 3828 | &nbsp;&nbsp; 3792024 |
| New Hampshire (State of) Business Finance Authority (Social Certificates); Series 2024-1A, RB | 4.25% | 07/20/2041 | 2922 | &nbsp;&nbsp; 2920282 |
| New Hampshire (State of) Business Finance Authority (The Attwater); Series 2024, RB<sup>(d)(g)</sup> <br>| 0.00% | 04/01/2032 | 3000 | &nbsp;&nbsp; 2034165 |
| New Hampshire (State of) Business Finance Authority (Thomas Ranch); Series 2024, RB<sup>(d)(g)</sup> <br>| 0.00% | 12/01/2034 | 7500 | &nbsp;&nbsp; 4219003 |
| &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>(d)</sup> <br>| 5.63% | 12/15/2033 | 775 | &nbsp;&nbsp; 797023 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 6.25% | 12/15/2038 | 715 | &nbsp;&nbsp; 750625 |
|  |  |  |  | &nbsp;&nbsp; 36481555 |
| **New Jersey–0.67%** | **New Jersey–0.67%** | **New Jersey–0.67%** | **New Jersey–0.67%** | **New Jersey–0.67%** |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Golden Door Charter School); <br> Series 2018 A, RB<sup>(d)</sup> <br>| 5.13% | 11/01/2029 | 165 | &nbsp;&nbsp; 166654 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Hatikvah International Academy Charter <br> School); Series 2017 A, RB<sup>(d)</sup> <br>| 5.00% | 07/01/2027 | 170 | &nbsp;&nbsp; 170771 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **New Jersey–(continued)** | **New Jersey–(continued)** | **New Jersey–(continued)** | **New Jersey–(continued)** | **New Jersey–(continued)** |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Marion P. Thomas Charter School); <br> Series 2018 A, RB<sup>(d)</sup> <br>| 4.75% | 10/01/2028 | $645 | &nbsp;&nbsp; $640777 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (North Star Academy Charter School of <br> Newark, Inc.); Series 2017, RB<br>| 5.00% | 07/15/2047 | 1075 | &nbsp;&nbsp; 1075525 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Teaneck Community Charter School); <br> Series 2017 A, Ref. RB<sup>(d)</sup> <br>| 4.25% | 09/01/2027 | 115 | &nbsp;&nbsp; 115551 |
| New Jersey (State of) Transportation Trust Fund Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2008 A, RB<sup>(g)</sup> <br>| 0.00% | 12/15/2028 | 715 | &nbsp;&nbsp; 652679 |
| &nbsp;&nbsp;&nbsp; Series 2009 A, RB<sup>(g)</sup> <br>| 0.00% | 12/15/2032 | 1465 | &nbsp;&nbsp; 1172084 |
| &nbsp;&nbsp;&nbsp; Series 2025 AA, RB | 5.00% | 06/15/2043 | 5000 | &nbsp;&nbsp; 5395204 |
|  |  |  |  | &nbsp;&nbsp; 9389245 |
| **New Mexico–0.09%** | **New Mexico–0.09%** | **New Mexico–0.09%** | **New Mexico–0.09%** | **New Mexico–0.09%** |
| Winrock Town Center Tax Increment Development District No. 1; Series 2022, Ref. RB<sup>(d)</sup> <br>| 4.00% | 05/01/2033 | 1250 | &nbsp;&nbsp; 1216406 |
| **New York–6.51%** | **New York–6.51%** | **New York–6.51%** | **New York–6.51%** | **New York–6.51%** |
| Buffalo & Erie County Industrial Land Development Corp. (Medaille College); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB (Acquired 08/16/2018; Cost $220,094)<sup>(b)(c)(d)</sup> <br>| 5.00% | 10/01/2028 | 213 | &nbsp;&nbsp; 2875 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB (Acquired 08/16/2018; Cost $1,403,843)<sup>(b)(c)(d)</sup> <br>| 5.00% | 10/01/2038 | 1389 | &nbsp;&nbsp; 18746 |
| Build NYC Resource Corp. (Brooklyn Navy Yard); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB (LOC - Santander Bank N.A.)<sup>(d)(f)(k)</sup> <br>| 5.25% | 12/31/2033 | 3000 | &nbsp;&nbsp; 3027296 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB (LOC - Santander Bank N.A.)<sup>(d)(f)(k)</sup> <br>| 5.50% | 12/31/2040 | 7155 | &nbsp;&nbsp; 7059909 |
| &nbsp;&nbsp;&nbsp; Build NYC Resource Corp. (East Harlem Scholars Academy Charter School) (Social Bonds); <br> Series 2025, RB<sup>(d)</sup> <br>| 5.13% | 10/15/2045 | 2000 | &nbsp;&nbsp; 1984606 |
| Build NYC Resource Corp. (New York Law School); Series 2016, Ref. RB | 5.00% | 07/01/2030 | 2365 | &nbsp;&nbsp; 2366115 |
| Build NYC Resource Corp. (Shefa School); Series 2021 A, RB<sup>(d)</sup> <br>| 2.50% | 06/15/2031 | 375 | &nbsp;&nbsp; 347385 |
| Build NYC Resource Corp. (Unity Preparatory Charter School of Brooklyn); Series 2023, RB<sup>(d)</sup> <br>| 5.25% | 06/15/2043 | 525 | &nbsp;&nbsp; 524926 |
| Erie Tobacco Asset Securitization Corp.; Series 2005 A, RB | 5.00% | 06/01/2045 | 3210 | &nbsp;&nbsp; 2662179 |
| Metropolitan Transportation Authority; Series 2025, Ref. RB | 5.00% | 11/15/2042 | 1600 | &nbsp;&nbsp; 1724373 |
| Nassau (County of), NY Industrial Development Agency; Series 2021, RB<sup>(g)(i)</sup> <br>| 0.00% | 01/01/2058 | 967 | &nbsp;&nbsp; 0 |
| New York (State of) Dormitory Authority (Montefiore Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 08/01/2035 | 1250 | &nbsp;&nbsp; 1275178 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.25% | 11/01/2043 | 1500 | &nbsp;&nbsp; 1580195 |
| New York Counties Tobacco Trust IV; Series 2010 A, RB<sup>(d)</sup> <br>| 6.25% | 06/01/2041 | 2849 | &nbsp;&nbsp; 2750463 |
| New York Counties Tobacco Trust VI; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.63% | 06/01/2035 | 720 | &nbsp;&nbsp; 731730 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 6.00% | 06/01/2043 | 2640 | &nbsp;&nbsp; 2622694 |
| New York Liberty Development Corp. (3 World Trade Center); Series 2014-3, Ref. RB<sup>(d)</sup> <br>| 7.25% | 11/15/2044 | 5400 | &nbsp;&nbsp; 5403999 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy <br> International Airport);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(f)</sup> <br>| 5.00% | 08/01/2026 | 2400 | &nbsp;&nbsp; 2400623 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(f)</sup> <br>| 5.00% | 08/01/2031 | 8680 | &nbsp;&nbsp; 8684267 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(f)</sup> <br>| 5.25% | 08/01/2031 | 2170 | &nbsp;&nbsp; 2251069 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB<sup>(f)</sup> <br>| 3.00% | 08/01/2031 | 1545 | &nbsp;&nbsp; 1465476 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D <br> Redevelopment);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(f)</sup> <br>| 5.00% | 01/01/2032 | 4315 | &nbsp;&nbsp; 4438986 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(f)</sup> <br>| 5.00% | 01/01/2034 | 6500 | &nbsp;&nbsp; 6642834 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB<sup>(f)</sup> <br>| 5.00% | 10/01/2035 | 5000 | &nbsp;&nbsp; 5221344 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB<sup>(f)</sup> <br>| 4.38% | 10/01/2045 | 4000 | &nbsp;&nbsp; 3774065 |
| &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>(f)</sup> <br>| 5.50% | 06/30/2038 | 2000 | &nbsp;&nbsp; 2145095 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(f)</sup> <br>| 5.50% | 06/30/2039 | 1000 | &nbsp;&nbsp; 1067792 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(f)</sup> <br>| 5.50% | 06/30/2040 | 875 | &nbsp;&nbsp; 924936 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment); <br> Series 2023, RB<sup>(f)</sup> <br>| 5.63% | 04/01/2040 | 2500 | &nbsp;&nbsp; 2627199 |
| Niagara Area Development Corp. (Covanta); Series 2018 A, Ref. RB<sup>(d)(f)</sup> <br>| 4.75% | 11/01/2042 | 1000 | &nbsp;&nbsp; 897521 |
| Oneida Indian Nation; Series 2024 B, RB<sup>(d)</sup> <br>| 6.00% | 09/01/2043 | 2400 | &nbsp;&nbsp; 2588317 |

---

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

**Invesco Short Duration 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)** |
| Suffolk Regional Off-Track Betting Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 12/01/2034 | $1600 | &nbsp;&nbsp; $1649624 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.75% | 12/01/2044 | 1500 | &nbsp;&nbsp; 1525749 |
| Tompkins County Development Corp. (Ithaca College); Series 2015, Ref. RB | 5.00% | 07/01/2034 | 750 | &nbsp;&nbsp; 750918 |
| Tompkins County Development Corp. (Tompkins Cortland Community College Foundation, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013 A, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2027 | 1000 | &nbsp;&nbsp; 200000 |
| &nbsp;&nbsp;&nbsp; Series 2013 A, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2032 | 1000 | &nbsp;&nbsp; 200000 |
| &nbsp;&nbsp;&nbsp; Westchester (County of), NY Industrial Development Agency (Million Air Two LLC General Aviation <br> Facilities); Series 2017 A, RB<sup>(d)(f)</sup> <br>| 7.00% | 06/01/2046 | 3500 | &nbsp;&nbsp; 3644222 |
| Westchester County Local Development Corp.; Series 2025, RB | 6.50% | 11/01/2030 | 4150 | &nbsp;&nbsp; 4366048 |
|  |  |  |  | &nbsp;&nbsp; 91548754 |
| **North Carolina–0.51%** | **North Carolina–0.51%** | **North Carolina–0.51%** | **North Carolina–0.51%** | **North Carolina–0.51%** |
| Greater Asheville Regional Airport Authority; Series 2023, RB (INS - AGI)<sup>(e)(f)</sup> <br>| 5.25% | 07/01/2048 | 3625 | &nbsp;&nbsp; 3743696 |
| North Carolina (State of) Medical Care Commission; Series 2025, Ref. RB | 5.38% | 10/01/2045 | 810 | &nbsp;&nbsp; 820572 |
| North Carolina (State of) Medical Care Commission (Southminster); Series 2016, Ref. RB | 5.00% | 10/01/2037 | 2590 | &nbsp;&nbsp; 2592870 |
|  |  |  |  | &nbsp;&nbsp; 7157138 |
| **North Dakota–0.40%** | **North Dakota–0.40%** | **North Dakota–0.40%** | **North Dakota–0.40%** | **North Dakota–0.40%** |
| Burleigh (County of), ND (University of Mary); Series 2016, RB | 4.38% | 04/15/2026 | 220 | &nbsp;&nbsp; 219806 |
| Grand Forks (City of), ND (Altru Health System); Series 2021, Ref. RB | 4.00% | 12/01/2040 | 3375 | &nbsp;&nbsp; 3154948 |
| Horace (City of), ND; Series 2024 C, Ref. GO Bonds | 4.75% | 05/01/2044 | 1100 | &nbsp;&nbsp; 1099669 |
| North Dakota (State of) Housing Finance Agency (Social Bonds); Series 2024 C, RB | 6.25% | 01/01/2055 | 965 | &nbsp;&nbsp; 1075300 |
|  |  |  |  | &nbsp;&nbsp; 5549723 |
| **Ohio–4.33%** | **Ohio–4.33%** | **Ohio–4.33%** | **Ohio–4.33%** | **Ohio–4.33%** |
| Buckeye Tobacco Settlement Financing Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A-2, Ref. RB | 3.00% | 06/01/2048 | 2755 | &nbsp;&nbsp; 1962409 |
| &nbsp;&nbsp;&nbsp; Series 2020 B-2, Ref. RB | 5.00% | 06/01/2055 | 1470 | &nbsp;&nbsp; 1239986 |
| &nbsp;&nbsp;&nbsp; Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Constellation Schools); <br> Series 2024, Ref. RB<sup>(d)</sup> <br>| 5.25% | 01/01/2034 | 1000 | &nbsp;&nbsp; 1036150 |
| Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Flats East Bank); Series 2010, RB | 6.00% | 11/15/2035 | 1000 | &nbsp;&nbsp; 1002315 |
| &nbsp;&nbsp;&nbsp; Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Pinecrest Public Improvement); <br> Series 2017, RB<sup>(d)</sup> <br>| 7.00% | 11/15/2048 | 4915 | &nbsp;&nbsp; 5104426 |
| Cleveland (City of), OH (Continental Airlines, Inc.); Series 1998, RB<sup>(f)</sup> <br>| 5.38% | 09/15/2027 | 485 | &nbsp;&nbsp; 485673 |
| &nbsp;&nbsp;&nbsp; Columbus (City of) & Franklin (County of), OH Finance Authority (Silver Birch of Columbus); <br> Series 2025, RB<sup>(d)</sup> <br>| 6.05% | 01/01/2046 | 1000 | &nbsp;&nbsp; 1002204 |
| Cuyahoga (County of), OH (MetroHealth System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 02/15/2037 | 6220 | &nbsp;&nbsp; 6269127 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 02/15/2042 | 3500 | &nbsp;&nbsp; 3500406 |
| &nbsp;&nbsp;&nbsp; Dayton-Montgomery County Port Authority (Liberty Assisted Living - Springfield); Series 2025 A, <br> RB<sup>(d)</sup> <br>| 6.63% | 01/01/2045 | 3640 | &nbsp;&nbsp; 3789917 |
| Franklin (County of), OH; Series 2015, RB | 5.00% | 05/15/2040 | 5800 | &nbsp;&nbsp; 5806854 |
| Franklin (County of), OH (Wesley Communities); Series 2020, Ref. RB | 5.25% | 11/15/2040 | 1500 | &nbsp;&nbsp; 1516740 |
| Greater Cincinnati (Port of), OH Development Authority (IPS Cincinnati LLC); Series 2021, RB<sup>(a)</sup> <br>| 4.38% | 06/15/2026 | 1800 | &nbsp;&nbsp; 1788609 |
| Hamilton (County of), OH (Life Enriching Communities); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.25% | 01/01/2041 | 525 | &nbsp;&nbsp; 548836 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.13% | 01/01/2044 | 1050 | &nbsp;&nbsp; 1058318 |
| Muskingum (County of), OH (Genesis Healthcare System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 02/15/2033 | 2000 | &nbsp;&nbsp; 2004724 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 02/15/2044 | 4880 | &nbsp;&nbsp; 4852708 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 02/15/2048 | 5300 | &nbsp;&nbsp; 5120022 |
| Ohio (State of) (Portsmouth Bypass); Series 2015, RB<sup>(f)</sup> <br>| 5.00% | 12/31/2039 | 3665 | &nbsp;&nbsp; 3664986 |
| Ohio (State of) Higher Educational Facility Commission; Series 2016, Ref. RB | 5.00% | 11/01/2041 | 1000 | &nbsp;&nbsp; 1007487 |
| Ohio (State of) Higher Educational Facility Commission (John Carroll University); Series 2025, RB | 5.38% | 10/01/2045 | 3425 | &nbsp;&nbsp; 3453693 |
| Ohio (State of) Housing Finance Agency; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(d)</sup> <br>| 6.25% | 01/01/2045 | 1000 | &nbsp;&nbsp; 1025343 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(d)</sup> <br>| 6.25% | 01/01/2045 | 1000 | &nbsp;&nbsp; 1025343 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(d)</sup> <br>| 6.25% | 01/01/2045 | 1000 | &nbsp;&nbsp; 1025343 |
| Ohio (State of) Housing Finance Agency (Haven's Edge Apartments); Series 2025, RB<sup>(d)</sup> <br>| 5.70% | 08/01/2043 | 1200 | &nbsp;&nbsp; 1243333 |

---

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

**Invesco Short Duration 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)** |
| RiverSouth Authority; Series 2007 A, RB | 5.75% | 12/01/2027 | $310 | &nbsp;&nbsp; $310080 |
|  |  |  |  | &nbsp;&nbsp; 60845032 |
| **Oklahoma–0.61%** | **Oklahoma–0.61%** | **Oklahoma–0.61%** | **Oklahoma–0.61%** | **Oklahoma–0.61%** |
| Oklahoma (County of), OK Finance Authority (Astec); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 5.25% | 06/15/2034 | 1200 | &nbsp;&nbsp; 1215731 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 6.00% | 06/15/2044 | 1500 | &nbsp;&nbsp; 1464554 |
| Oklahoma (State of) Development Finance Authority (OU Medicine); Series 2018 B, RB (INS - AGI)<sup>(e)</sup> <br>| 4.00% | 08/15/2048 | 2430 | &nbsp;&nbsp; 2214281 |
| Tulsa (City of), OK Airports Improvement Trust; Series 2001 C, Ref. RB<sup>(f)</sup> <br>| 5.50% | 12/01/2035 | 2000 | &nbsp;&nbsp; 2001410 |
| Tulsa Municipal Airport Trust Trustees (American Airlines, Inc.); Series 2025, Ref. RB<sup>(f)</sup> <br>| 6.25% | 12/01/2035 | 1500 | &nbsp;&nbsp; 1730994 |
|  |  |  |  | &nbsp;&nbsp; 8626970 |
| **Oregon–0.41%** | **Oregon–0.41%** | **Oregon–0.41%** | **Oregon–0.41%** | **Oregon–0.41%** |
| Local Oregon Capital Assets Program; Series 2011 C, COP | 4.60% | 06/01/2031 | 35 | &nbsp;&nbsp; 35017 |
| Morrow (Port of), OR; Series 2024 A, GO Bonds<sup>(d)</sup> <br>| 5.15% | 10/01/2026 | 5000 | &nbsp;&nbsp; 5000477 |
| Oregon (State of) Facilities Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(d)</sup> <br>| 4.63% | 06/15/2035 | 270 | &nbsp;&nbsp; 275946 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(d)</sup> <br>| 5.50% | 06/15/2045 | 475 | &nbsp;&nbsp; 476975 |
|  |  |  |  | &nbsp;&nbsp; 5788415 |
| **Pennsylvania–0.90%** | **Pennsylvania–0.90%** | **Pennsylvania–0.90%** | **Pennsylvania–0.90%** | **Pennsylvania–0.90%** |
| &nbsp;&nbsp;&nbsp; Allentown (City of), PA Neighborhood Improvement Zone Development Authority (615 <br> Waterfront); Series 2021, RB<sup>(d)</sup> <br>| 6.00% | 05/01/2042 | 620 | &nbsp;&nbsp; 649577 |
| &nbsp;&nbsp;&nbsp; Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center); <br> Series 2018, RB<sup>(d)</sup> <br>| 5.00% | 05/01/2028 | 620 | &nbsp;&nbsp; 636240 |
| Commonwealth Financing Authority; Series 2015 A, RB | 5.00% | 06/01/2034 | 500 | &nbsp;&nbsp; 502527 |
| Crawford (County of), PA Hospital Authority Meadville Medical Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 6.00% | 06/01/2046 | 2755 | &nbsp;&nbsp; 2763196 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 6.00% | 06/01/2036 | 1915 | &nbsp;&nbsp; 1923554 |
| Northampton (County of), PA Industrial Development Authority (Northampton Generating Co. L.P.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013 A, RB (Acquired 04/03/2013; Cost $308,057)<sup>(b)(c)</sup> <br>| 5.00% | 06/30/2027 | 350 | &nbsp;&nbsp; 154062 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB<sup>(b)</sup> <br>| 5.00% | 06/30/2027 | 193 | &nbsp;&nbsp; 34713 |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds); Series 2024-145A, RB | 6.00% | 10/01/2054 | 1575 | &nbsp;&nbsp; 1705916 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District); <br> Series 2016, Ref. RB<br>| 5.00% | 06/01/2036 | 1000 | &nbsp;&nbsp; 1010576 |
| &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% | 06/15/2039 | 1840 | &nbsp;&nbsp; 1797748 |
| &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% | 07/01/2031 | 500 | &nbsp;&nbsp; 504768 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 07/01/2032 | 1000 | &nbsp;&nbsp; 1008601 |
|  |  |  |  | &nbsp;&nbsp; 12691478 |
| **Puerto Rico–4.78%** | **Puerto Rico–4.78%** | **Puerto Rico–4.78%** | **Puerto Rico–4.78%** | **Puerto Rico–4.78%** |
| Children's Trust Fund; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.50% | 05/15/2039 | 8375 | &nbsp;&nbsp; 8489957 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.63% | 05/15/2043 | 7645 | &nbsp;&nbsp; 7771071 |
| PRHTA Custodial Trust; Series 2023, RB<sup>(b)</sup> <br>| 5.75% | 12/06/2049 | 193 | &nbsp;&nbsp; 60403 |
| PRPBA Custodial Trust; Series 2022, RB<sup>(g)</sup> <br>| 0.00% | 03/15/2049 | 278 | &nbsp;&nbsp; 3506 |
| Puerto Rico (Commonwealth of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(g)</sup> <br>| 0.00% | 07/01/2033 | 2035 | &nbsp;&nbsp; 1466839 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.63% | 07/01/2027 | 10510 | &nbsp;&nbsp; 10751767 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2033 | 3300 | &nbsp;&nbsp; 3297983 |
| &nbsp;&nbsp;&nbsp; Subseries 2022, RN<sup>(g)</sup> <br>| 0.00% | 11/01/2043 | 3618 | &nbsp;&nbsp; 2320270 |

---

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

**Invesco Short Duration 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) Electric Power Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005 RR, RB (INS - AGI)<sup>(e)</sup> <br>| 5.00% | 07/01/2026 | $155 | &nbsp;&nbsp; $155590 |
| &nbsp;&nbsp;&nbsp; Series 2007 TT, RB (INS - NATL)<sup>(e)</sup> <br>| 5.00% | 07/01/2026 | 165 | &nbsp;&nbsp; 164881 |
| &nbsp;&nbsp;&nbsp; Series 2007 TT, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2037 | 65 | &nbsp;&nbsp; 43387 |
| &nbsp;&nbsp;&nbsp; Series 2007 UU, Ref. RB (INS - AGI)<sup>(e)</sup> <br>| 5.00% | 07/01/2026 | 1435 | &nbsp;&nbsp; 1440455 |
| &nbsp;&nbsp;&nbsp; Series 2007 VV, Ref. RB (INS - NATL)<sup>(e)</sup> <br>| 5.25% | 07/01/2030 | 1000 | &nbsp;&nbsp; 1009868 |
| &nbsp;&nbsp;&nbsp; Series 2010 CCC, RB<sup>(b)</sup> <br>| 5.25% | 07/01/2026 | 1765 | &nbsp;&nbsp; 1178137 |
| &nbsp;&nbsp;&nbsp; Series 2010 XX, RB<sup>(b)</sup> <br>| 5.25% | 07/01/2027 | 250 | &nbsp;&nbsp; 166875 |
| &nbsp;&nbsp;&nbsp; Series 2010 ZZ, Ref. RB<sup>(b)</sup> <br>| 5.25% | 07/01/2026 | 1180 | &nbsp;&nbsp; 784700 |
| Puerto Rico (Commonwealth of) GDB Debt Recovery Authority; Series 2023, RB | 7.50% | 08/20/2040 | 3748 | &nbsp;&nbsp; 3633112 |
| &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 08/06/2009-03/25/2024; Cost $659,173)<sup>(c)</sup> <br>| 6.63% | 01/01/2027 | 596 | &nbsp;&nbsp; 593124 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB (Acquired 08/06/2009-01/08/2020; Cost $5,241,106)<sup>(c)</sup> <br>| 6.63% | 01/01/2028 | 4548 | &nbsp;&nbsp; 4515642 |
| Puerto Rico (Commonwealth of) Municipal Finance Agency; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002 A, RB (INS - AGI)<sup>(e)</sup> <br>| 5.00% | 08/01/2027 | 440 | &nbsp;&nbsp; 441179 |
| &nbsp;&nbsp;&nbsp; Series 2005 A, RB (INS - AGI)<sup>(e)</sup> <br>| 5.00% | 08/01/2030 | 305 | &nbsp;&nbsp; 305874 |
| Puerto Rico Sales Tax Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(g)</sup> <br>| 0.00% | 07/01/2027 | 734 | &nbsp;&nbsp; 695988 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(g)</sup> <br>| 0.00% | 07/01/2029 | 1003 | &nbsp;&nbsp; 888994 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 4.50% | 07/01/2034 | 8408 | &nbsp;&nbsp; 8410357 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 4.55% | 07/01/2040 | 538 | &nbsp;&nbsp; 536749 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(g)</sup> <br>| 0.00% | 07/01/2046 | 8831 | &nbsp;&nbsp; 3011351 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(g)</sup> <br>| 0.00% | 07/01/2051 | 11268 | &nbsp;&nbsp; 2808174 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.54% | 07/01/2053 | 163 | &nbsp;&nbsp; 148677 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.78% | 07/01/2058 | 2196 | &nbsp;&nbsp; 2073177 |
|  |  |  |  | &nbsp;&nbsp; 67168087 |
| **Rhode Island–1.08%** | **Rhode Island–1.08%** | **Rhode Island–1.08%** | **Rhode Island–1.08%** | **Rhode Island–1.08%** |
| Pawtucket (City of), RI Housing Authority; Series 2010, RB | 5.50% | 09/01/2028 | 195 | &nbsp;&nbsp; 195422 |
| Rhode Island Housing & Mortgage Finance Corp.; Series 1992 10-A, RB | 6.50% | 04/01/2027 | 80 | &nbsp;&nbsp; 80184 |
| Tobacco Settlement Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB | 5.00% | 06/01/2040 | 4445 | &nbsp;&nbsp; 4445417 |
| &nbsp;&nbsp;&nbsp; Series 2015 B, Ref. RB | 4.50% | 06/01/2045 | 3610 | &nbsp;&nbsp; 3605350 |
| &nbsp;&nbsp;&nbsp; Series 2015 B, Ref. RB | 5.00% | 06/01/2050 | 6905 | &nbsp;&nbsp; 6895318 |
|  |  |  |  | &nbsp;&nbsp; 15221691 |
| **South Carolina–1.15%** | **South Carolina–1.15%** | **South Carolina–1.15%** | **South Carolina–1.15%** | **South Carolina–1.15%** |
| Patriots Energy Group Financing Agency; Series 2023 A-1, RB<sup>(a)</sup> <br>| 5.25% | 08/01/2031 | 2500 | &nbsp;&nbsp; 2725899 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & <br> South of Broad Healthcare); Series 2024, RB<br>| 5.50% | 11/15/2044 | 1400 | &nbsp;&nbsp; 1431067 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Greer Preparatory Academy <br> Project);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 6.00% | 06/15/2035 | 1310 | &nbsp;&nbsp; 1357059 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 6.38% | 06/15/2045 | 1375 | &nbsp;&nbsp; 1382380 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Oceanside Collegiate Academy); <br> Series 2024, Ref. RB<sup>(d)</sup> <br>| 5.00% | 06/15/2044 | 2790 | &nbsp;&nbsp; 2652019 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Rolling Green Village); <br> Series 2025, RB<br>| 5.50% | 12/01/2045 | 1000 | &nbsp;&nbsp; 1009588 |
| &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 | 2000 | &nbsp;&nbsp; 1886029 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (South Carolina SAVES Green <br> Community Program - AAC East LLC) (Green Bonds); Series 2019, RB<sup>(d)</sup> <br>| 7.00% | 05/01/2026 | 385 | &nbsp;&nbsp; 382074 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Wesley Commons); Series 2025 <br> A, RB<br>| 5.50% | 10/01/2045 | 850 | &nbsp;&nbsp; 854967 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Public Service Authority (Santee Cooper); Series 2024 B, Ref. RB (INS - <br> AGI)<sup>(e)</sup> <br>| 5.00% | 12/01/2042 | 2250 | &nbsp;&nbsp; 2437496 |
|  |  |  |  | &nbsp;&nbsp; 16118578 |
| **Tennessee–2.49%** | **Tennessee–2.49%** | **Tennessee–2.49%** | **Tennessee–2.49%** | **Tennessee–2.49%** |
| Bristol (City of), TN Industrial Development Board (Pinnacle); Series 2016, RB | 5.00% | 06/01/2027 | 2590 | &nbsp;&nbsp; 2530480 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Tennessee–(continued)** | **Tennessee–(continued)** | **Tennessee–(continued)** | **Tennessee–(continued)** | **Tennessee–(continued)** |
| Jackson (City of), TN; Series 2015, RB | 5.00% | 04/01/2030 | $2890 | &nbsp;&nbsp; $2891816 |
| &nbsp;&nbsp;&nbsp; Knox (County of), TN Health, Educational & Housing Facility Board (University Health); <br> Series 2017, Ref. RB<br>| 5.00% | 04/01/2036 | 2605 | &nbsp;&nbsp; 2629750 |
| Knoxville Industrial Development Board; Series 2025, RB<sup>(d)</sup> <br>| 4.25% | 11/01/2030 | 2000 | &nbsp;&nbsp; 1987784 |
| &nbsp;&nbsp;&nbsp; Memphis (City of) & Shelby (County of), TN Economic Development Growth Engine Industrial <br> Development Board (Graceland); Series 2017 A, Ref. RB<br>| 5.50% | 07/01/2037 | 350 | &nbsp;&nbsp; 264280 |
| &nbsp;&nbsp;&nbsp; Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational <br> Facilities Board (The) (Trousdale Foundation Properties); Series 2018 A, RB (Acquired <br> 08/29/2018-01/31/2019; Cost $1,583,774)<sup>(b)(c)(d)</sup> <br>| 5.25% | 04/01/2028 | 1588 | &nbsp;&nbsp; 19845 |
| &nbsp;&nbsp;&nbsp; Nashville (City of), TN Metropolitan Development and Housing Agency (Fifth + Broadway <br> Development); Series 2018, RB<sup>(d)</sup> <br>| 5.13% | 06/01/2036 | 1600 | &nbsp;&nbsp; 1625889 |
| Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013 A, Ref. RB<sup>(d)</sup> <br>| 5.38% | 09/01/2041 | 705 | &nbsp;&nbsp; 620593 |
| &nbsp;&nbsp;&nbsp; Series 2013 A, Ref. RB<sup>(d)</sup> <br>| 5.50% | 09/01/2047 | 200 | &nbsp;&nbsp; 172495 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(d)</sup> <br>| 5.00% | 09/01/2031 | 3000 | &nbsp;&nbsp; 2840285 |
| Tennergy Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(a)</sup> <br>| 4.00% | 09/01/2028 | 3610 | &nbsp;&nbsp; 3678701 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(a)</sup> <br>| 5.50% | 12/01/2030 | 5950 | &nbsp;&nbsp; 6445436 |
| Tennessee Energy Acquisition Corp.; Series 2006 B, RB | 5.63% | 09/01/2026 | 9150 | &nbsp;&nbsp; 9285999 |
|  |  |  |  | &nbsp;&nbsp; 34993353 |
| **Texas–8.65%** | **Texas–8.65%** | **Texas–8.65%** | **Texas–8.65%** | **Texas–8.65%** |
| Anna (City of), TX; Series 2025, RB | 4.25% | 09/15/2035 | 810 | &nbsp;&nbsp; 811506 |
| Argyle (Town of), TX (The Highlands of Argyle Public Improvement District No. 1); Series 2017, RB | 4.25% | 09/01/2027 | 135 | &nbsp;&nbsp; 135517 |
| Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 4.50% | 06/15/2044 | 1660 | &nbsp;&nbsp; 1517941 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 4.75% | 06/15/2049 | 1830 | &nbsp;&nbsp; 1662488 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(d)</sup> <br>| 5.63% | 06/15/2045 | 2000 | &nbsp;&nbsp; 2035183 |
| Arlington Higher Education Finance Corp. (Cypress Christian School); Series 2024, RB<sup>(d)</sup> <br>| 5.00% | 06/01/2033 | 3790 | &nbsp;&nbsp; 3908225 |
| Arlington Higher Education Finance Corp. (Great Hearts America - Texas); Series 2024, RB | 4.50% | 08/15/2039 | 1500 | &nbsp;&nbsp; 1502414 |
| Arlington Higher Education Finance Corp. (Legacy Traditional Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 02/15/2031 | 2290 | &nbsp;&nbsp; 2171514 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.13% | 02/15/2041 | 3325 | &nbsp;&nbsp; 2702309 |
| Arlington Higher Education Finance Corp. (Newman International Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.38% | 08/15/2036 | 3835 | &nbsp;&nbsp; 3510540 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 5.00% | 08/15/2041 | 900 | &nbsp;&nbsp; 729968 |
| Arlington Higher Education Finance Corp. (Odyssey Academy, Inc.); Series 2023 A, RB<sup>(d)</sup> <br>| 5.25% | 02/15/2033 | 1950 | &nbsp;&nbsp; 1888477 |
| Arlington Higher Education Finance Corp. (UME Preparatory Academy); Series 2017 A, RB | 4.55% | 08/15/2028 | 315 | &nbsp;&nbsp; 315013 |
| Arlington Higher Education Finance Corp. (Winfree Academy Charter School); Series 2019, Ref. RB | 5.15% | 08/15/2029 | 1140 | &nbsp;&nbsp; 1143720 |
| Aubrey (City of), TX (Duck Point Public Improvement Disctrict); Series 2025, RB<sup>(d)</sup> <br>| 4.63% | 12/31/2035 | 500 | &nbsp;&nbsp; 508722 |
| Austin (City of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, RB<sup>(a)(f)(h)</sup> <br>| 5.00% | 01/06/2026 | 4000 | &nbsp;&nbsp; 4007847 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB<sup>(a)(f)(h)</sup> <br>| 5.00% | 01/06/2026 | 2000 | &nbsp;&nbsp; 2003924 |
| Bastrop (City of), TX; Series 2025, RB<sup>(d)</sup> <br>| 5.38% | 09/01/2045 | 500 | &nbsp;&nbsp; 504846 |
| Bexar County Health Facilities Development Corp. (Army Retirement Residence Foundation); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 07/15/2041 | 1000 | &nbsp;&nbsp; 992703 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 07/15/2026 | 1170 | &nbsp;&nbsp; 1175155 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 07/15/2033 | 2630 | &nbsp;&nbsp; 2673947 |
| Boyd (City of), TX; Series 2025, RB<sup>(d)</sup> <br>| 5.63% | 09/15/2045 | 700 | &nbsp;&nbsp; 720495 |
| Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB (Acquired 02/23/2022; Cost $28,116)<sup>(b)(c)(f)</sup> <br>| 7.00% | 03/01/2039 | 27 | &nbsp;&nbsp; 3915 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB (Acquired 02/17/2022-02/23/2022; Cost $149,800)<sup>(b)(c)(d)(f)</sup> <br>| 9.00% | 03/01/2039 | 141 | &nbsp;&nbsp; 20445 |
| &nbsp;&nbsp;&nbsp; Calhoun (County of), TX Navigation Industrial Development Authority (Max Midstream Texas LLC); <br> Series 2021, RN<sup>(d)(f)</sup> <br>| 3.63% | 07/01/2026 | 3800 | &nbsp;&nbsp; 3712081 |
| Celina (City of), TX; Series 2025, RB<sup>(d)</sup> <br>| 5.38% | 09/01/2045 | 500 | &nbsp;&nbsp; 497850 |
| &nbsp;&nbsp;&nbsp; Celina (City of), TX (Mosaic Public Improvement District Improvement Area No. 2); Series 2024, <br> RB<sup>(d)</sup> <br>| 5.13% | 09/01/2044 | 1250 | &nbsp;&nbsp; 1273125 |

---

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

**Invesco Short Duration 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)** |
| Crandall (City of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(d)</sup> <br>| 4.13% | 09/15/2026 | $50 | &nbsp;&nbsp; $50058 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(d)</sup> <br>| 4.75% | 09/15/2031 | 200 | &nbsp;&nbsp; 201394 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(d)</sup> <br>| 5.25% | 09/15/2051 | 1000 | &nbsp;&nbsp; 959666 |
| &nbsp;&nbsp;&nbsp; Crandall (City of), TX (River Ridge Public Improvement Disctrict Improvement Area #3); <br> Series 2025, RB<sup>(d)</sup> <br>| 5.25% | 09/15/2045 | 545 | &nbsp;&nbsp; 542807 |
| Decatur (City of), TX (Paloma Trails Public Improvement District Area No. 1); Series 2025, RB<sup>(d)</sup> <br>| 5.50% | 09/15/2045 | 560 | &nbsp;&nbsp; 567039 |
| Gulf Coast Industrial Development Authority; Series 1998, RB<sup>(f)</sup> <br>| 8.00% | 04/01/2028 | 340 | &nbsp;&nbsp; 340416 |
| Houston (City of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2011, Ref. RB<sup>(a)(f)(h)</sup> <br>| 6.50% | 12/08/2025 | 1245 | &nbsp;&nbsp; 1245822 |
| &nbsp;&nbsp;&nbsp; Series 2014 D, Ref. RB | 5.00% | 11/15/2044 | 2000 | &nbsp;&nbsp; 2000135 |
| &nbsp;&nbsp;&nbsp; Series 2015 B-1, RB<sup>(a)(f)(h)</sup> <br>| 5.00% | 12/08/2025 | 7700 | &nbsp;&nbsp; 7703010 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, RB<sup>(f)</sup> <br>| 5.50% | 07/15/2036 | 1000 | &nbsp;&nbsp; 1092184 |
| Houston (City of), TX Airport System (United Airlines, Inc. Terminal E); Series 2014, Ref. RB<sup>(f)</sup> <br>| 5.00% | 07/01/2029 | 1230 | &nbsp;&nbsp; 1231370 |
| Houston (City of), TX Airport System (United Airlines, Inc.); Series 2018, RB<sup>(f)</sup> <br>| 5.00% | 07/15/2028 | 1000 | &nbsp;&nbsp; 1028571 |
| Houston Higher Education Finance Corp. (Houston Baptist University); Series 2021, RB | 3.38% | 10/01/2037 | 700 | &nbsp;&nbsp; 620853 |
| Laredo (City of), TX; Series 2024, RB | 5.00% | 03/01/2040 | 1000 | &nbsp;&nbsp; 1084809 |
| Lavon (City of), TX (Trails of Lavon Public Improvements District Projetcs); Series 2025, RB<sup>(d)</sup> <br>| 5.75% | 09/15/2045 | 875 | &nbsp;&nbsp; 903594 |
| Mesquite (City of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 4.25% | 09/01/2035 | 833 | &nbsp;&nbsp; 833035 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 4.38% | 09/01/2035 | 1050 | &nbsp;&nbsp; 1051738 |
| &nbsp;&nbsp;&nbsp; Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.); Series 2016, Ref. <br> RB<sup>(b)</sup> <br>| 5.00% | 02/15/2035 | 220 | &nbsp;&nbsp; 2200 |
| Mission Economic Development Corp. (Green Bonds); Series 2025, RB<sup>(a)(f)</sup> <br>| 5.00% | 06/01/2030 | 2125 | &nbsp;&nbsp; 2209132 |
| Mission Economic Development Corp. (Natgasoline); Series 2018, Ref. RB<sup>(d)(f)</sup> <br>| 4.63% | 10/01/2031 | 7000 | &nbsp;&nbsp; 7020702 |
| New Hope Cultural Education Facilities Finance Corp.; Series 2025 A, RB | 6.25% | 10/01/2045 | 5000 | &nbsp;&nbsp; 5202555 |
| New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 4.00% | 07/01/2028 | 1815 | &nbsp;&nbsp; 1812784 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 07/01/2036 | 3950 | &nbsp;&nbsp; 3963687 |
| New Hope Cultural Education Facilities Finance Corp. (Cumberland Academy); Series 2020 A, RB<sup>(d)</sup> <br>| 4.00% | 08/15/2030 | 4085 | &nbsp;&nbsp; 3886239 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (Forefront Living - Bella Vida); Series 2025, <br> Ref. RB<br>| 4.25% | 10/01/2030 | 3000 | &nbsp;&nbsp; 3008674 |
| New Hope Cultural Education Facilities Finance Corp. (Legacy Midtown Park); Series 2025, RB | 5.25% | 07/01/2032 | 1000 | &nbsp;&nbsp; 1009465 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (Legacy Preparatory Charter Academy); <br> Series 2018 A, RB<sup>(d)</sup> <br>| 6.00% | 08/15/2037 | 1000 | &nbsp;&nbsp; 857142 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (Morningside Ministries); Series 2022, Ref. <br> RB<br>| 4.00% | 01/01/2032 | 1500 | &nbsp;&nbsp; 1409306 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford); <br> Series 2016 A, RB<br>| 5.38% | 11/15/2036 | 1165 | &nbsp;&nbsp; 1121987 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The)); Series 2022, <br> RB<br>| 5.50% | 10/01/2027 | 210 | &nbsp;&nbsp; 210221 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North); Series 2018, <br> Ref. RB<br>| 5.00% | 10/01/2039 | 1000 | &nbsp;&nbsp; 990423 |
| North East Texas Regional Mobility Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB | 5.00% | 01/01/2039 | 750 | &nbsp;&nbsp; 829253 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB | 5.00% | 01/01/2040 | 650 | &nbsp;&nbsp; 708026 |
| Port Beaumont Navigation District (Jefferson Gulf Coast Energy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(d)(f)</sup> <br>| 2.50% | 01/01/2030 | 2150 | &nbsp;&nbsp; 2004224 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(d)(f)</sup> <br>| 2.63% | 01/01/2031 | 800 | &nbsp;&nbsp; 738473 |
| Princeton (City of), TX (Eastridge Public Improvement District); Series 2025, RB<sup>(d)</sup> <br>| 5.38% | 09/01/2045 | 420 | &nbsp;&nbsp; 424871 |
| Princeton (City of), TX (Westridge Public Improvement District); Series 2025, RB<sup>(d)</sup> <br>| 5.38% | 09/01/2045 | 500 | &nbsp;&nbsp; 502947 |
| &nbsp;&nbsp;&nbsp; Providence Village (Town of), TX (Foree Ranch Public Improvement District Improvement Area No. <br> 2); Series 2025, RB<sup>(d)</sup> <br>| 5.35% | 09/01/2045 | 750 | &nbsp;&nbsp; 751619 |
| Seagoville (City of), TX; Series 2025, RB<sup>(d)</sup> <br>| 4.75% | 09/15/2035 | 645 | &nbsp;&nbsp; 665606 |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(b)</sup> <br>| 6.00% | 02/15/2031 | 1000 | &nbsp;&nbsp; 790000 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(b)</sup> <br>| 6.38% | 02/15/2041 | 3000 | &nbsp;&nbsp; 2370000 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. (Cook Children's Medical Center); <br> Series 2025, RB<sup>(l)</sup> <br>| 5.25% | 12/01/2049 | 10000 | &nbsp;&nbsp; 10729967 |

---

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

**Invesco Short Duration 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)** |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 4.00% | 11/15/2027 | $95 | &nbsp;&nbsp; $93897 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 6.25% | 11/15/2031 | 1000 | &nbsp;&nbsp; 1003562 |
| &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 | 1699 | &nbsp;&nbsp; 1466977 |
| &nbsp;&nbsp;&nbsp; Travis County Development Authority (Longview 71 Public Improvement District Improvement <br> Area No. 1); Series 2024, RB<sup>(d)</sup> <br>| 4.25% | 09/01/2032 | 474 | &nbsp;&nbsp; 476153 |
| &nbsp;&nbsp;&nbsp; Travis County Development Authority (Turner's Crossing Public Improvement District Improvement <br> Area No. 1);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 09/01/2044 | 700 | &nbsp;&nbsp; 695772 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.25% | 09/01/2054 | 1175 | &nbsp;&nbsp; 1158317 |
|  |  |  |  | &nbsp;&nbsp; 121700552 |
| **Utah–2.81%** | **Utah–2.81%** | **Utah–2.81%** | **Utah–2.81%** | **Utah–2.81%** |
| Black Desert Public Infrastructure District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(d)</sup> <br>| 3.25% | 03/01/2031 | 1050 | &nbsp;&nbsp; 1004508 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(d)</sup> <br>| 3.50% | 03/01/2036 | 1750 | &nbsp;&nbsp; 1610107 |
| Firefly Public Infrastructure District No. 1 (Firefly Assessment Area No.1); Series 2024, RB<sup>(d)</sup> <br>| 5.63% | 12/01/2043 | 1898 | &nbsp;&nbsp; 1924600 |
| Mida Golf and Equestrian Center Public Infrastructure District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, GO Bonds<sup>(d)</sup> <br>| 4.25% | 06/01/2041 | 2205 | &nbsp;&nbsp; 1939346 |
| &nbsp;&nbsp;&nbsp; Series 2021, GO Bonds<sup>(d)</sup> <br>| 4.50% | 06/01/2051 | 2500 | &nbsp;&nbsp; 2117222 |
| Mida Mountain Village Public Infrastructure District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(d)</sup> <br>| 4.25% | 08/01/2035 | 1645 | &nbsp;&nbsp; 1655791 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(d)</sup> <br>| 4.50% | 08/01/2040 | 1205 | &nbsp;&nbsp; 1208580 |
| &nbsp;&nbsp;&nbsp; Series 2024-2, RB<sup>(d)</sup> <br>| 5.50% | 06/15/2039 | 2250 | &nbsp;&nbsp; 2309258 |
| Military Installation Development Authority; Series 2021 A-2, RB | 4.00% | 06/01/2041 | 1250 | &nbsp;&nbsp; 1153416 |
| Olympia Public Infrastructure District No. 1; Series 2024 A-2, RB<sup>(d)</sup> <br>| 5.13% | 12/01/2029 | 4000 | &nbsp;&nbsp; 4036585 |
| Peaks Public Infrastructure District (Peaks Assessment Area); Series 2024, RB<sup>(d)</sup> <br>| 5.25% | 12/01/2053 | 1450 | &nbsp;&nbsp; 1396726 |
| Point Phase 1 Public Infrastructure District No. 1; Series 2025 A-1, RB | 5.88% | 03/01/2045 | 5500 | &nbsp;&nbsp; 5687756 |
| Sienna Hills Public Infrastructure District No. 1; Series 2023 A, GO Bonds<sup>(d)</sup> <br>| 6.75% | 07/01/2035 | 2500 | &nbsp;&nbsp; 2640171 |
| Utah (State of) Charter School Finance Authority (Ascent Academies of Utah); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(d)</sup> <br>| 4.25% | 06/15/2027 | 960 | &nbsp;&nbsp; 952158 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(d)</sup> <br>| 4.50% | 06/15/2032 | 2000 | &nbsp;&nbsp; 1951755 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(d)</sup> <br>| 5.00% | 06/15/2037 | 2150 | &nbsp;&nbsp; 2098740 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(d)</sup> <br>| 5.00% | 06/15/2042 | 1365 | &nbsp;&nbsp; 1252164 |
| &nbsp;&nbsp;&nbsp; Utah (State of) Charter School Finance Authority (Freedom Academy Foundation (The)); <br> Series 2017, Ref. RB<sup>(d)</sup> <br>| 4.50% | 06/15/2027 | 100 | &nbsp;&nbsp; 99404 |
| Utah (State of) Charter School Finance Authority (Merit Preparatory Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(d)</sup> <br>| 4.50% | 06/15/2029 | 685 | &nbsp;&nbsp; 677855 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(d)</sup> <br>| 5.00% | 06/15/2034 | 1270 | &nbsp;&nbsp; 1268359 |
| Wohali Public Infrastructure District No. 1 (Wohali Assessment Area #1); Series 2023, RB<sup>(d)</sup> <br>| 7.00% | 12/01/2042 | 3000 | &nbsp;&nbsp; 2465838 |
|  |  |  |  | &nbsp;&nbsp; 39450339 |
| **Vermont–0.11%** | **Vermont–0.11%** | **Vermont–0.11%** | **Vermont–0.11%** | **Vermont–0.11%** |
| East Central Vermont Telecommunications District; Series 2020 A, RB<sup>(d)</sup> <br>| 4.00% | 12/01/2030 | 1495 | &nbsp;&nbsp; 1469673 |
| **Virginia–0.59%** | **Virginia–0.59%** | **Virginia–0.59%** | **Virginia–0.59%** | **Virginia–0.59%** |
| Peninsula Town Center Community Development Authority; Series 2018, Ref. RB<sup>(d)</sup> <br>| 4.50% | 09/01/2028 | 960 | &nbsp;&nbsp; 966929 |
| Virginia (Commonwealth of) Small Business Financing Authority (Covanta); Series 2018, RB<sup>(a)(d)(f)</sup> <br>| 5.00% | 07/01/2038 | 2310 | &nbsp;&nbsp; 2200555 |
| Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 B-3, RB | 5.38% | 09/01/2029 | 4000 | &nbsp;&nbsp; 4049319 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 7.00% | 09/01/2059 | 1000 | &nbsp;&nbsp; 1095665 |
|  |  |  |  | &nbsp;&nbsp; 8312468 |
| **Washington–1.46%** | **Washington–1.46%** | **Washington–1.46%** | **Washington–1.46%** | **Washington–1.46%** |
| Kalispel Tribe of Indians; Series 2018 B, RB<sup>(d)</sup> <br>| 5.00% | 01/01/2032 | 600 | &nbsp;&nbsp; 611614 |
| Kelso (City of), WA Housing Authority (Chinook & Columbia Apartments); Series 1998, RB | 5.60% | 03/01/2028 | 65 | &nbsp;&nbsp; 65013 |
| King (County of), WA Housing Authority (Rural Preservation); Series 1997, RB<sup>(f)</sup> <br>| 5.75% | 01/01/2028 | 5 | &nbsp;&nbsp; 5004 |
| Port of Seattle Industrial Development Corp. (Delta Airlines); Series 2012, Ref. RB<sup>(f)</sup> <br>| 5.00% | 04/01/2030 | 6475 | &nbsp;&nbsp; 6476425 |
| Washington (State of) Health Care Facilities Authority; Series 2025 A, Ref. RB | 5.00% | 09/01/2044 | 1900 | &nbsp;&nbsp; 1991069 |

---

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

**Invesco Short Duration 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) Health Care Facilities Authority (CommonSpirit Health); Series 2025 A, Ref. <br> RB<br>| 5.00% | 09/01/2043 | $1000 | &nbsp;&nbsp; $1056807 |
| Washington (State of) Housing Finance Commission; Series 2025, RB (INS - BAM)<sup>(d)(e)</sup> <br>| 5.00% | 07/01/2045 | 2750 | &nbsp;&nbsp; 2795175 |
| &nbsp;&nbsp;&nbsp; Washington (State of) Housing Finance Commission (Bayview Manor Homes); Series 2016 A, Ref. <br> RB<sup>(d)</sup> <br>| 4.00% | 07/01/2026 | 125 | &nbsp;&nbsp; 124904 |
| Washington (State of) Housing Finance Commission (Horizon House); Series 2025 A, Ref. RB | 6.00% | 01/01/2046 | 3000 | &nbsp;&nbsp; 2986070 |
| &nbsp;&nbsp;&nbsp; Washington (State of) Housing Finance Commission (Spokane International Academy); <br> Series 2021 A, RB<sup>(d)</sup> <br>| 4.00% | 07/01/2040 | 1640 | &nbsp;&nbsp; 1409986 |
| Washington (State of) Housing Finance Commission (The Hearthstone); Series 2018 A, Ref. RB<sup>(d)</sup> <br>| 4.50% | 07/01/2028 | 575 | &nbsp;&nbsp; 548559 |
| Washington (State of) Housing Finance Commission (Transforming Age); Series 2019 A, RB<sup>(d)</sup> <br>| 5.00% | 01/01/2039 | 2500 | &nbsp;&nbsp; 2522336 |
|  |  |  |  | &nbsp;&nbsp; 20592962 |
| **West Virginia–0.67%** | **West Virginia–0.67%** | **West Virginia–0.67%** | **West Virginia–0.67%** | **West Virginia–0.67%** |
| &nbsp;&nbsp;&nbsp; Harrison (County of), WV County Commission (Charles Pointe Economic Opportunity Development <br> District); Series 2019 A, RB<sup>(b)(d)(i)</sup> <br>| 5.75% | 06/01/2042 | 1000 | &nbsp;&nbsp; 706047 |
| &nbsp;&nbsp;&nbsp; Monogalia (County of), WV (Development Disctict No. 4 - University Town Centre); Series 2023, <br> Ref. RB<sup>(d)</sup> <br>| 5.75% | 06/01/2043 | 875 | &nbsp;&nbsp; 925421 |
| Monongalia (County of), WV Building Commission (Monongalia Health System Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 07/01/2026 | 1000 | &nbsp;&nbsp; 1000766 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 4.00% | 07/01/2035 | 190 | &nbsp;&nbsp; 173863 |
| &nbsp;&nbsp;&nbsp; Monongalia (County of), WV Commission Special District (University Town Centre Economic <br> Opportunity Development District); Series 2017 A, Ref. RB<sup>(d)</sup> <br>| 4.50% | 06/01/2027 | 1340 | &nbsp;&nbsp; 1345917 |
| &nbsp;&nbsp;&nbsp; West Virginia (State of) Economic Development Authority (Commercial Metals Co.); Series 2025, <br> RB<sup>(a)(f)</sup> <br>| 4.63% | 05/15/2032 | 5000 | &nbsp;&nbsp; 5078444 |
| West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, RB<sup>(b)(d)(f)</sup> <br>| 6.75% | 02/01/2026 | 1000 | &nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(b)(d)(f)</sup> <br>| 8.75% | 02/01/2036 | 320 | &nbsp;&nbsp; 96000 |
|  |  |  |  | &nbsp;&nbsp; 9426458 |
| **Wisconsin–6.20%** | **Wisconsin–6.20%** | **Wisconsin–6.20%** | **Wisconsin–6.20%** | **Wisconsin–6.20%** |
| Lomira (Village of), WI Community Development Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 B, Ref. RB | 3.65% | 10/01/2028 | 540 | &nbsp;&nbsp; 538310 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, Ref. RB | 3.75% | 10/01/2029 | 175 | &nbsp;&nbsp; 172099 |
| Wisconsin (State of) Health & Educational Facilities Authority (Camillus Health System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 11/01/2039 | 1000 | &nbsp;&nbsp; 1007215 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 11/01/2046 | 1650 | &nbsp;&nbsp; 1537650 |
| Wisconsin (State of) Health & Educational Facilities Authority (Capitol Lakes, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB | 5.00% | 11/15/2035 | 1770 | &nbsp;&nbsp; 1771865 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB | 6.00% | 11/15/2045 | 2000 | &nbsp;&nbsp; 1974327 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (Dickson Hollow Phase II); <br> Series 2024, RB<br>| 6.00% | 10/01/2044 | 300 | &nbsp;&nbsp; 316173 |
| Wisconsin (State of) Public Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 B, RB<sup>(d)</sup> <br>| 7.00% | 02/01/2028 | 665 | &nbsp;&nbsp; 665588 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(d)</sup> <br>| 5.38% | 06/01/2037 | 670 | &nbsp;&nbsp; 671376 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, Ref. RB<sup>(d)</sup> <br>| 5.75% | 10/01/2043 | 1775 | &nbsp;&nbsp; 1803621 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 12.00% | 05/16/2029 | 1315 | &nbsp;&nbsp; 1519500 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(d)</sup> <br>| 5.25% | 12/01/2035 | 545 | &nbsp;&nbsp; 554184 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(d)</sup> <br>| 6.25% | 12/01/2045 | 825 | &nbsp;&nbsp; 839510 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(d)</sup> <br>| 5.50% | 07/01/2035 | 1810 | &nbsp;&nbsp; 1810083 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(d)(g)</sup> <br>| 0.00% | 12/15/2039 | 1100 | &nbsp;&nbsp; 449464 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(g)</sup> <br>| 0.00% | 12/15/2039 | 26000 | &nbsp;&nbsp; 8906687 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(d)</sup> <br>| 5.75% | 06/01/2045 | 505 | &nbsp;&nbsp; 498843 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(d)</sup> <br>| 6.75% | 06/15/2055 | 500 | &nbsp;&nbsp; 497780 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Alabama Proton Therapy Center); Series 2017 A, RB <br> (Acquired 12/01/2017; Cost $2,000,000)<sup>(b)(c)(d)</sup> <br>| 6.25% | 10/01/2031 | 2000 | &nbsp;&nbsp; 200000 |
| Wisconsin (State of) Public Finance Authority (Alamance Community School); Series 2021 A, RB<sup>(d)</sup> <br>| 5.00% | 06/15/2041 | 1020 | &nbsp;&nbsp; 969757 |
| Wisconsin (State of) Public Finance Authority (Alpha Ranch); Series 2024, RB<sup>(d)(g)</sup> <br>| 0.00% | 12/15/2038 | 5000 | &nbsp;&nbsp; 2305069 |
| Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(d)</sup> <br>| 6.25% | 08/01/2027 | 500 | &nbsp;&nbsp; 400000 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(d)</sup> <br>| 6.75% | 08/01/2031 | 500 | &nbsp;&nbsp; 385000 |

---

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

**Invesco Short Duration 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 (Ascend Leadership Academy); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(d)</sup> <br>| 4.25% | 06/15/2031 |  | $550 | &nbsp;&nbsp; $525248 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(d)</sup> <br>| 5.00% | 06/15/2041 |  | 615 | &nbsp;&nbsp; 551406 |
| Wisconsin (State of) Public Finance Authority (Campo Del Sol); Series 2025, RB<sup>(d)(g)</sup> <br>| 0.00% | 12/15/2033 |  | 5110 | &nbsp;&nbsp; 3086161 |
| Wisconsin (State of) Public Finance Authority (Campus Real Estate Holdings); Series 2025, Ref. RB | 5.25% | 06/01/2045 |  | 350 | &nbsp;&nbsp; 355908 |
| Wisconsin (State of) Public Finance Authority (Cincinnati Classical Academy); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 5.38% | 06/15/2039 |  | 250 | &nbsp;&nbsp; 252331 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 5.70% | 06/15/2044 |  | 400 | &nbsp;&nbsp; 398802 |
| Wisconsin (State of) Public Finance Authority (Community School of Davidson); Series 2018, RB | 5.00% | 10/01/2033 |  | 325 | &nbsp;&nbsp; 330244 |
| Wisconsin (State of) Public Finance Authority (Explore Academy); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(d)</sup> <br>| 6.13% | 02/01/2039 |  | 4200 | &nbsp;&nbsp; 4200564 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(d)</sup> <br>| 6.13% | 02/01/2039 |  | 4175 | &nbsp;&nbsp; 4175560 |
| Wisconsin (State of) Public Finance Authority (Indigo); Series 2023, RB<sup>(d)(g)</sup> <br>| 0.00% | 12/01/2028 |  | 4745 | &nbsp;&nbsp; 3724756 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (KSU Bixby Real Estate Foundation, LLC); <br> Series 2025, RB<br>| 5.25% | 06/15/2045 |  | 550 | &nbsp;&nbsp; 564358 |
| Wisconsin (State of) Public Finance Authority (Lariat); Series 2023, RB<sup>(d)(g)</sup> <br>| 0.00% | 09/01/2029 |  | 1022 | &nbsp;&nbsp; 778014 |
| Wisconsin (State of) Public Finance Authority (Mater Academy of Nevada - East Las Vegas Campus); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 5.00% | 12/15/2034 |  | 795 | &nbsp;&nbsp; 823254 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 5.00% | 12/15/2039 |  | 700 | &nbsp;&nbsp; 704178 |
| Wisconsin (State of) Public Finance Authority (Miami Worldcenter); Series 2024 A, RB<sup>(d)</sup> <br>| 5.00% | 06/01/2041 |  | 2300 | &nbsp;&nbsp; 2337498 |
| Wisconsin (State of) Public Finance Authority (Million Air Two LLC General Aviation Facilities); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(f)</sup> <br>| 7.25% | 06/01/2035 |  | 3800 | &nbsp;&nbsp; 4004150 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(d)(f)</sup> <br>| 7.13% | 06/01/2041 |  | 145 | &nbsp;&nbsp; 151003 |
| Wisconsin (State of) Public Finance Authority (Milo Farms Project); Series 2025, RB<sup>(d)(g)</sup> <br>| 0.00% | 12/15/2039 |  | 5000 | &nbsp;&nbsp; 1760110 |
| Wisconsin (State of) Public Finance Authority (New Plan Learning, Inc.); Series 2021 A, Ref. RB | 3.75% | 07/01/2031 |  | 2965 | &nbsp;&nbsp; 2819915 |
| Wisconsin (State of) Public Finance Authority (North Carolina Leadership Academy); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(d)</sup> <br>| 5.00% | 06/15/2039 |  | 440 | &nbsp;&nbsp; 435357 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(d)</sup> <br>| 5.00% | 06/15/2049 |  | 540 | &nbsp;&nbsp; 496290 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Pinecrest Academy of Nevada - Sloan Canyon <br> Campus); Series 2024, Ref. RB<sup>(d)</sup> <br>| 4.00% | 07/15/2039 |  | 750 | &nbsp;&nbsp; 695692 |
| Wisconsin (State of) Public Finance Authority (Proton International); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(d)</sup> <br>| 5.50% | 01/01/2031 |  | 5375 | &nbsp;&nbsp; 4620418 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(d)</sup> <br>| 6.50% | 01/01/2041 |  | 3110 | &nbsp;&nbsp; 2292195 |
| Wisconsin (State of) Public Finance Authority (Quality Education Academy); Series 2023, RB<sup>(d)</sup> <br>| 6.00% | 07/15/2043 |  | 1150 | &nbsp;&nbsp; 1190925 |
| Wisconsin (State of) Public Finance Authority (Rans-Bridgewater); Series 2024, RB<sup>(d)</sup> <br>| 5.63% | 12/15/2030 |  | 4191 | &nbsp;&nbsp; 4199379 |
| Wisconsin (State of) Public Finance Authority (Rans-Elevon); Series 2024, RB<sup>(d)</sup> <br>| 5.00% | 07/15/2030 |  | 1762 | &nbsp;&nbsp; 1765326 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Renown Regional Medical Center); Series 2016, Ref. <br> RB<br>| 5.00% | 06/01/2040 |  | 3500 | &nbsp;&nbsp; 3513877 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences); <br> Series 2022, RB<sup>(d)(h)</sup> <br>| 4.00% | 04/01/2032 |  | 10 | &nbsp;&nbsp; 10299 |
| Wisconsin (State of) Public Finance Authority (Southminster); Series 2018, RB<sup>(d)</sup> <br>| 5.00% | 10/01/2043 |  | 1560 | &nbsp;&nbsp; 1548595 |
| Wisconsin (State of) Public Finance Authority (Town of Scarborough - The Downs); Series 2024, RB | 5.00% | 08/01/2039 |  | 1550 | &nbsp;&nbsp; 1577095 |
| Wisconsin (State of) Public Finance Authority (Uwharrie Charter Academy); Series 2022 A, RB<sup>(d)</sup> <br>| 4.50% | 06/15/2032 |  | 500 | &nbsp;&nbsp; 511484 |
| Wisconsin (State of) Public Finance Authority (Wakemed Hospital); Series 2019 A, Ref. RB | 5.00% | 10/01/2044 |  | 3000 | &nbsp;&nbsp; 3051443 |
|  |  |  |  |  | &nbsp;&nbsp; 87245936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $1,400,565,973) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $1,400,565,973) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $1,400,565,973) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $1,400,565,973) |  | &nbsp;&nbsp; 1379892181 |
| **U.S. Dollar Denominated Bonds & Notes–0.16%** | **U.S. Dollar Denominated Bonds & Notes–0.16%** | **U.S. Dollar Denominated Bonds & Notes–0.16%** | **U.S. Dollar Denominated Bonds & Notes–0.16%** | **U.S. Dollar Denominated Bonds & Notes–0.16%** | **U.S. Dollar Denominated Bonds & Notes–0.16%** |
| **California–0.01%** | **California–0.01%** | **California–0.01%** | **California–0.01%** | **California–0.01%** | **California–0.01%** |
| CalPlant I LLC; Exit Facility<sup>(d)(i)</sup> <br>| 15.00% | 02/28/2027 |  | 770 | &nbsp;&nbsp; 151086 |
| **Texas–0.15%** | **Texas–0.15%** | **Texas–0.15%** | **Texas–0.15%** | **Texas–0.15%** | **Texas–0.15%** |
| AM BidCo Holdings LLC<sup>(i)</sup> <br>| 3.86% | 10/21/2027 |  | 2162 | &nbsp;&nbsp; 2161851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $2,931,851) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $2,931,851) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $2,931,851) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $2,931,851) |  | &nbsp;&nbsp; 2312937 |
|  |  |  | **Shares** | **Shares** |  |
| **Common Stocks & Other Equity Interests–0.09%** | **Common Stocks & Other Equity Interests–0.09%** | **Common Stocks & Other Equity Interests–0.09%** | **Common Stocks & Other Equity Interests–0.09%** | **Common Stocks & Other Equity Interests–0.09%** | **Common Stocks & Other Equity Interests–0.09%** |
| Resolute Forest Products, Inc.<sup>(i)</sup> <br>|  |  |  | 6757 | &nbsp;&nbsp; 0 |
| BL Train Holdings West LLC; Wts. expiring 12/01/2025<sup>(i)</sup> <br>|  |  |  | 40500 | &nbsp;&nbsp; 0 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Shares** | **Shares** | **Value** |
| AM BidCo Holdings LLC<sup>(i)</sup> <br>|  | 122 | &nbsp;&nbsp; $1216200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests (Cost $1,225,744) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests (Cost $1,225,744) |  | &nbsp;&nbsp; 1216200 |
| **Exchange-Traded Funds–0.06%** | **Exchange-Traded Funds–0.06%** | **Exchange-Traded Funds–0.06%** | **Exchange-Traded Funds–0.06%** |
| &nbsp;&nbsp;&nbsp; Invesco Rochester High Yield Municipal ETF <br>(Cost $872,610)<sup>(m)</sup> <br>|  | 17000 | &nbsp;&nbsp; 864358 |
| **Preferred Stocks–0.00%** | **Preferred Stocks–0.00%** | **Preferred Stocks–0.00%** | **Preferred Stocks–0.00%** |
| &nbsp;&nbsp;&nbsp; AES Puerto Rico, Inc., Pfd. <br>(Cost $0)<sup>(i)</sup> <br>|  | 100023 | &nbsp;&nbsp; 0 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(n)</sup>–98.44% (Cost $1,405,596,178) | TOTAL INVESTMENTS IN SECURITIES<sup>(n)</sup>–98.44% (Cost $1,405,596,178) |  | &nbsp;&nbsp; 1384285676 |
| FLOATING RATE NOTE OBLIGATIONS–(0.55)% | FLOATING RATE NOTE OBLIGATIONS–(0.55)% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Note with an interest and fee rate of 2.53% at 11/30/2025 and <br>a contractual maturity of collateral of 12/01/2049<sup>(o)</sup> <br>|  |  | &nbsp;&nbsp; (7700000)<br>|
| OTHER ASSETS LESS LIABILITIES–2.11% | OTHER ASSETS LESS LIABILITIES–2.11% |  | &nbsp;&nbsp; 29637954 |
| NET ASSETS–100.00% | NET ASSETS–100.00% |  | &nbsp;&nbsp; $1406223630 |

---

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 |
| ETF | – Exchange-Traded Fund |
| GNMA | – Government National Mortgage Association |
| GO | – General Obligation |
| IDR | – Industrial Development Revenue Bonds |
| INS | – Insurer |
| LOC | – Letter of Credit |
| NATL | – National Public Finance Guarantee Corp. |
| Pfd. | – Preferred |
| RB | – Revenue Bonds |
| Ref. | – Refunding |
| RN | – Revenue Notes |
| VRD | – Variable Rate Demand |
| Wts. | – Warrants |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at November 30, 2025 was $7,922,980, which represented less than 1% of the Fund's Net Assets. 

<sup>(c)</sup> Restricted security. The aggregate value of these securities at November 30, 2025 was $27,278,288, which represented 1.94% of the Fund's Net Assets.

<sup>(d)</sup> Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2025 was $485,473,539, which represented 34.52% of the Fund's Net Assets. 

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

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

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

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

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

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

<sup>(m)</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 three months ended November 30, 2025. 

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**August 31, 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 Rochester High Yield Municipal ETF | $844625 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $19733 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $864358 | &nbsp;&nbsp; $11093 |

---

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

<sup>(n)</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>(o)</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 $10,729,967 are held by TOB Trusts and serve as collateral for the $7,700,000 in the floating rate note obligations outstanding at that date. 

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

**Invesco Short Duration High Yield Municipal Fund**

------

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 Short Duration 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; $1378751913 | &nbsp;&nbsp;&nbsp;&nbsp; $1140268 | &nbsp;&nbsp;&nbsp;&nbsp; $1379892181 |
| U.S. Dollar Denominated Bonds & Notes | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2312937 | &nbsp;&nbsp;&nbsp;&nbsp; 2312937 |
| Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1216200 | &nbsp;&nbsp;&nbsp;&nbsp; 1216200 |
| Exchange-Traded Funds | &nbsp;&nbsp;&nbsp;&nbsp; 864358 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 864358 |
| 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; 864358 | &nbsp;&nbsp;&nbsp;&nbsp; 1378751913 | &nbsp;&nbsp;&nbsp;&nbsp; 4669405 | &nbsp;&nbsp;&nbsp;&nbsp; 1384285676 |
| **Other Investments - Assets** |  |  |  |  |
| Investments Matured | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8624412 | &nbsp;&nbsp;&nbsp;&nbsp; 50035 | &nbsp;&nbsp;&nbsp;&nbsp; 8674447 |
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $864358 | &nbsp;&nbsp;&nbsp;&nbsp; $1387376325 | &nbsp;&nbsp;&nbsp;&nbsp; $4719440 | &nbsp;&nbsp;&nbsp;&nbsp; $1392960123 |

---

**Invesco Short Duration 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 Counselor Series Trust (Invesco Counselor Series Trust)

- **b. Investment Company Act file number:** 811-09913

- **c. CIK number of Registrant:** 0001112996

- **d. LEI of Registrant:** LZYC3CZ7P12IRF1LLV60

- **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 Short Duration High Yield Municipal Fund

- **b. EDGAR series identifier (if any):** S000051015

- **c. LEI of Series:** 549300GXC1TW4NE0GC38

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

- **a. Date of fiscal year-end:** 2026-08-31

- **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:** $1442119903.12

**Total Liabilities:** $38814563.00

**Net Assets:** $1403305340.12

**Delayed Delivery Securities:** $20479308.64

**Cash Not Reported:** $10564040.48

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2458.41158877 | **1-Year:** -17114.95096048 | **5-Year:** -47849.83086618 | **10-Year:** -109168.22991644 | **30-Year:** -35223.37093053

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

- **3-Month:** -3928.68657899 | **1-Year:** -45446.58018005 | **5-Year:** -123528.42365461 | **10-Year:** -173827.48444712 | **30-Year:** -44821.14520614

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000160735 | 1.67%                | 0.69%                | 0.58%                |
| Class ID C000160736 | 1.61%                | 0.63%                | 0.52%                |
| Class ID C000160737 | 1.69%                | 0.71%                | 0.60%                |
| Class ID C000160738 | 1.69%                | 0.71%                | 0.61%                |
| Class ID C000188892 | 1.59%                | 0.72%                | 0.61%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-72872.88               | $17693993.61                               |
| Month 2  | $-51519.55               | $4608768.64                                |
| Month 3  | $643105.94               | $2078541.79                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Broward (County of), FL                                                                                                                              | Broward (County of), FL, Series 2015 A, RB                                                                                                             | CUSIP: 114894WJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9957272.00   | 0.71%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Intrinsic Schools - Belmont School)                                                                           | Illinois (State of) Finance Authority (Intrinsic Schools - Belmont School)                                                                             | CUSIP: 452022AE6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.01%             | 2025-12-01      | Fixed         | 5.25%                 | 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: 71885FEA1<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2900684.11   | 0.21%             | 2035-07-01      | Fixed         | 5.00%                 | 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        |   3370000 | PA      | $3372062.10   | 0.24%             | 2035-06-15      | Fixed         | 5.38%                 | 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: 95648VAX7<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $100000.00    | 0.01%             | 2026-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                            | New Jersey (State of) Transportation Trust Fund Authority, Series 2009 A, RB                                                                           | CUSIP: 646136WP2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1172083.51   | 0.08%             | 2032-12-15      | None          | 0.00%                 | 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        |   3000000 | PA      | $3000303.90   | 0.21%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Toll Highway Authority                                                                                                           | Illinois (State of) Toll Highway Authority, Series 2016 B, RB                                                                                          | CUSIP: 452252LX5<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2387379.69   | 0.17%             | 2041-01-01      | Fixed         | 5.00%                 | 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 2016, Ref. RB                        | CUSIP: 650116BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8680000 | PA      | $8684267.09   | 0.62%             | 2031-08-01      | Fixed         | 5.00%                 | 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 2016, Ref. RB                        | CUSIP: 650116BN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400623.04   | 0.17%             | 2026-08-01      | 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: 64542UBB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3950000 | PA      | $3963686.75   | 0.28%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community Improvement District)                                      | Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community Improvement District), Series 2016 A, Ref. RB                | CUSIP: 48503VAH5<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000905.80   | 0.14%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Renown Regional Medical Center)                                                                       | Wisconsin (State of) Public Finance Authority (Renown Regional Medical Center), Series 2016, Ref. RB                                                   | CUSIP: 74442CBS2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3513876.80   | 0.25%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 UU, Ref. RB                                                                        | CUSIP: 74526QLV2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1440455.44   | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Berklee College of Music)                                                                | Massachusetts (Commonwealth of) Development Finance Agency (Berklee College of Music), Series 2016, RB                                                 | CUSIP: 57584XUT6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4040881.60   | 0.29%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burleigh (County of), ND (University of Mary)                                                                                                        | Burleigh (County of), ND (University of Mary), Series 2016, RB                                                                                         | CUSIP: 12139LAA0<br>LEI: 549300O9YPNGKFXM8354 | Long             | DBT              | MUN               | US        |    220000 | PA      | $219805.94    | 0.02%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                                                                                                   | Tennessee Energy Acquisition Corp., Series 2006 B, RB                                                                                                  | CUSIP: 880443BT2<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   9150000 | PA      | $9285999.20   | 0.66%             | 2026-09-01      | Fixed         | 5.62%                 | 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        |   1165000 | PA      | $1121987.15   | 0.08%             | 2036-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Crawford (County of), PA Hospital Authority Meadville Medical Center)                                                                                | Crawford (County of), PA Hospital Authority Meadville Medical Center), Series 2016, RB                                                                 | CUSIP: 225004AP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1923553.92   | 0.14%             | 2036-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Crawford (County of), PA Hospital Authority Meadville Medical Center)                                                                                | Crawford (County of), PA Hospital Authority Meadville Medical Center), Series 2016 A, Ref. RB                                                          | CUSIP: 225004AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2755000 | PA      | $2763195.85   | 0.20%             | 2046-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                                                 | Chicago (City of), IL (O'Hare International Airport), Series 2016 B, Ref. RB                                                                           | CUSIP: 167593UT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000569.30   | 0.07%             | 2041-01-01      | Fixed         | 5.00%                 | 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: 170692CM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $165407.45    | 0.01%             | 2026-02-01      | Fixed         | 5.00%                 | 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        |   5000000 | PA      | $5011330.50   | 0.36%             | 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        |   2170000 | PA      | $2171805.66   | 0.15%             | 2044-02-01      | Fixed         | 5.50%                 | 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: 852297CA6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    215000 | PA      | $215974.04    | 0.02%             | 2026-09-01      | 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: 87638RHP5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $790000.00    | 0.06%             | 2031-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL                                                                                                                                | Chicago (City of), IL, Series 2017 A, Ref. GO Bonds                                                                                                    | CUSIP: 167486ZX0<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1525323.15   | 0.11%             | 2034-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL                                                                                                                                | Chicago (City of), IL, Series 2017 A, Ref. GO Bonds                                                                                                    | CUSIP: 167486ZT9<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017780.30   | 0.07%             | 2029-01-01      | Fixed         | 5.62%                 | 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        |   1000000 | PA      | $1001251.00   | 0.07%             | 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        |   1750000 | PA      | $1675678.20   | 0.12%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Knox (County of), TN Health, Educational & Housing Facility Board (University Health)                                                                | Knox (County of), TN Health, Educational & Housing Facility Board (University Health), Series 2017, Ref. RB                                            | CUSIP: 49952MEG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2629749.58   | 0.19%             | 2036-04-01      | 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 A, Ref. RB                                                            | CUSIP: 04052BAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110498.34    | 0.01%             | 2026-07-01      | 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        |   2645000 | PA      | $2686881.72   | 0.19%             | 2047-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community Improvement District)                                      | Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community Improvement District), Series 2016 A, Ref. RB                | CUSIP: 48503VAG7<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99876.93     | 0.01%             | 2026-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Macon-Bibb (County of), GA Urban Development Authority (Academy for Classical Education, Inc.)                                                       | Macon-Bibb (County of), GA Urban Development Authority (Academy for Classical Education, Inc.), Series 2017 A, RB                                      | CUSIP: 555542NB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $171073.31    | 0.01%             | 2027-06-15      | 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        |   3500000 | PA      | $3644222.05   | 0.26%             | 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        |   3800000 | PA      | $4004149.68   | 0.29%             | 2035-06-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Cuyahoga (County of), OH (MetroHealth System)                                                                                                        | Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB                                                                                    | CUSIP: 2322655P9<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   6220000 | PA      | $6269127.43   | 0.45%             | 2037-02-15      | 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: 2322655Q7<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500406.00   | 0.25%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy)                                                          | Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy), Series 2017 A, RB                                         | CUSIP: 5742182J1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $216110.65    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | 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        |    500000 | PA      | $385000.00    | 0.03%             | 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        |    500000 | PA      | $400000.00    | 0.03%             | 2027-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia (Ingleside at Rock Creek)                                                                                                       | District of Columbia (Ingleside at Rock Creek), Series 2017 A, RB                                                                                      | CUSIP: 25483VSC9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    495000 | PA      | $495709.48    | 0.04%             | 2027-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| District of Columbia (Ingleside at Rock Creek)                                                                                                       | District of Columbia (Ingleside at Rock Creek), Series 2017 A, RB                                                                                      | CUSIP: 25483VSD7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014409.20   | 0.07%             | 2032-07-01      | 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: 717824AV8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008601.20   | 0.07%             | 2032-07-01      | 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        |    145000 | PA      | $151003.41    | 0.01%             | 2041-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Nevada (State of) Department of Business & Industry (Doral Academy of Nevada)                                                                        | Nevada (State of) Department of Business & Industry (Doral Academy of Nevada), Series 2017 A, RB                                                       | CUSIP: 641454AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500073.40    | 0.04%             | 2037-07-15      | 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        |   1000000 | PA      | $1001095.60   | 0.07%             | 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: 61022CAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1345917.17   | 0.10%             | 2027-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Amber Creek Metropolitan District                                                                                                                    | Amber Creek Metropolitan District, Series 2017 A, Ref. GO Bonds                                                                                        | CUSIP: 02320AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    659000 | PA      | $659486.94    | 0.05%             | 2025-12-15      | Fixed         | 5.00%                 | 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        |    350000 | PA      | $264280.45    | 0.02%             | 2037-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Health Facilities Authority (Valley Vista Care Corp.)                                                                               | Idaho (State of) Health Facilities Authority (Valley Vista Care Corp.), Series 2017 A, Ref. RB                                                         | CUSIP: 451295YV5<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    430000 | PA      | $424062.04    | 0.03%             | 2027-11-15      | Fixed         | 4.00%                 | 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: 74442PEU5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $200000.00    | 0.01%             | 2031-10-01      | Fixed         | 6.25%                 | Yes           |                  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: 04052BAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1283614.28   | 0.09%             | 2036-07-01      | Fixed         | 5.75%                 | No            |                  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: 57584X4N8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3973999.60   | 0.28%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Land Clearance for Redevelopment Authority (Convention Center Hotel)                                                       | Kansas City (City of), MO Land Clearance for Redevelopment Authority (Convention Center Hotel), Series 2018 B, RB                                      | CUSIP: 48504MAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $446151.87    | 0.03%             | 2031-02-01      | Fixed         | 4.38%                 | 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        |   7645000 | PA      | $7771070.64   | 0.55%             | 2043-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Grande Innovations Academy)                                                             | Pima (County of), AZ Industrial Development Authority (The) (Grande Innovations Academy), Series 2018, RB                                              | CUSIP: 72177PBX7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    265000 | PA      | $264230.76    | 0.02%             | 2026-07-01      | Fixed         | 4.12%                 | 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: 196502AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    994000 | PA      | $998821.30    | 0.07%             | 2032-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center)                                                            | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center), Series 2018, RB                                             | CUSIP: 018444BA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $636240.03    | 0.05%             | 2028-05-01      | Fixed         | 5.00%                 | 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 2018, RB                       | CUSIP: 650116CL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4315000 | PA      | $4438986.35   | 0.32%             | 2032-01-01      | Fixed         | 5.00%                 | 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 2018, RB                       | CUSIP: 650116CN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6642833.60   | 0.47%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Granby Ranch Metropolitan District                                                                                                                   | Granby Ranch Metropolitan District, Series 2018, Ref. GO Bonds                                                                                         | CUSIP: 385184AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $335843.73    | 0.02%             | 2028-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Development Finance Authority (OU Medicine)                                                                                      | Oklahoma (State of) Development Finance Authority (OU Medicine), Series 2018 B, RB                                                                     | CUSIP: 67884XCJ4<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   2430000 | PA      | $2214280.88   | 0.16%             | 2048-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.)                                                                          | Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.), Series 2016, Ref. RB                                                      | CUSIP: 590743CU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    219958 | PA      | $2199.58      | 0.00%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kalispel Tribe of Indians                                                                                                                            | Kalispel Tribe of Indians, Series 2018 B, RB                                                                                                           | CUSIP: 48340PAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $611613.78    | 0.04%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Good Samaritan Hospital)                                                                                       | Indiana (State of) Finance Authority (Good Samaritan Hospital), Series 2016 A, RB                                                                      | CUSIP: 45471CAY4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5785000 | PA      | $5793250.57   | 0.41%             | 2046-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (The Hearthstone)                                                                                   | Washington (State of) Housing Finance Commission (The Hearthstone), Series 2018 A, Ref. RB                                                             | CUSIP: 939783WP7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    575000 | PA      | $548558.74    | 0.04%             | 2028-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Denver Gateway Center Metropolitan District                                                                                                          | Denver Gateway Center Metropolitan District, Series 2018 A, GO Bonds                                                                                   | CUSIP: 24918HAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2673000 | PA      | $2673161.72   | 0.19%             | 2038-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                            | New Jersey (State of) Transportation Trust Fund Authority, Series 2008 A, RB                                                                           | CUSIP: 646136WF4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    715000 | PA      | $652678.74    | 0.05%             | 2028-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Southminster)                                                                                         | Wisconsin (State of) Public Finance Authority (Southminster), Series 2018, RB                                                                          | CUSIP: 74444VAF7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1548594.84   | 0.11%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bella Mente Montessori Academy)                                                                   | California (State of) Municipal Finance Authority (Bella Mente Montessori Academy), Series 2018 A, RB                                                  | CUSIP: 130486BB8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3370000 | PA      | $3384836.09   | 0.24%             | 2038-06-01      | 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: 792893HE2<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    250000 | PA      | $238893.18    | 0.02%             | 2031-10-01      | Fixed         | 4.00%                 | 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: 792893HF9<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    250000 | PA      | $236790.70    | 0.02%             | 2033-10-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Peninsula Town Center Community Development Authority                                                                                                | Peninsula Town Center Community Development Authority, Series 2018, Ref. RB                                                                            | CUSIP: 70718LAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $966928.99    | 0.07%             | 2028-09-01      | Fixed         | 4.50%                 | 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 A, RB                            | CUSIP: 13080SVN1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3014628.60   | 0.21%             | 2058-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Muskingum (County of), OH (Genesis Healthcare System)                                                                                                | Muskingum (County of), OH (Genesis Healthcare System), Series 2013, RB                                                                                 | CUSIP: 628077CJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004724.20   | 0.14%             | 2033-02-15      | Fixed         | 5.00%                 | 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: 59212TAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1587591 | PA      | $19844.89     | 0.00%             | 2028-04-01      | Fixed         | 5.25%                 | 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        |   1000000 | PA      | $897521.30    | 0.06%             | 2042-11-01      | Fixed         | 4.75%                 | 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: 45506DP74<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400084.36    | 0.03%             | 2028-07-01      | Fixed         | 5.50%                 | 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        |   1000000 | PA      | $990422.70    | 0.07%             | 2039-10-01      | 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: 509893AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $266857.12    | 0.02%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts)                                                                                       | Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts), Series 2018 A, RB                                                                      | CUSIP: 509893AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1281217.08   | 0.09%             | 2038-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp. (Natgasoline)                                                                                                     | Mission Economic Development Corp. (Natgasoline), Series 2018, Ref. RB                                                                                 | CUSIP: 605156AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7020701.80   | 0.50%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Nashville (City of), TN Metropolitan Development and Housing Agency (Fifth + Broadway Development)                                                   | Nashville (City of), TN Metropolitan Development and Housing Agency (Fifth + Broadway Development), Series 2018, RB                                    | CUSIP: 591874AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1625888.96   | 0.12%             | 2036-06-01      | 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: 791524CM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1523788.35   | 0.11%             | 2038-09-01      | Fixed         | 5.00%                 | 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: 601266AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1336000 | PA      | $1346254.74   | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aurora (City of), IL (East River Area TIF No. 6)                                                                                                     | Aurora (City of), IL (East River Area TIF No. 6), Series 2018 A, Ref. RB                                                                               | CUSIP: 051688AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $397733.91    | 0.03%             | 2027-12-30      | 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 2018, RB                                                  | CUSIP: 95648VBD0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    320000 | PA      | $96000.00     | 0.01%             | 2036-02-01      | Fixed         | 8.75%                 | 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        |   2695000 | PA      | $2792387.06   | 0.20%             | 2038-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Hillside (Village of), IL (Mannheim Redevelopment)                                                                                                   | Hillside (Village of), IL (Mannheim Redevelopment), Series 2018, Ref. RB                                                                               | CUSIP: 432638AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1842407.95   | 0.13%             | 2030-01-01      | Fixed         | 5.00%                 | 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        |   2000000 | PA      | $1886029.20   | 0.13%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Pinecrest Academy of Nevada-Horizon, Inspirada and St. Rose Campus Projects)                    | Arizona (State of) Industrial Development Authority (Pinecrest Academy of Nevada-Horizon, Inspirada and St. Rose Campus Projects), Series 2018 A, RB   | CUSIP: 04052BHC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $477809.01    | 0.03%             | 2028-07-15      | Fixed         | 5.00%                 | 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        |   1927397 | PA      | $192739.75    | 0.01%             | 2027-07-01      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp. (Medaille College)                                                                           | Buffalo & Erie County Industrial Land Development Corp. (Medaille College), Series 2018, Ref. RB                                                       | CUSIP: 11943KDG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1388593 | PA      | $18746.01     | 0.00%             | 2038-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Mishawaka (City of), IN (Silver Birch of Mishwaka)                                                                                                   | Mishawaka (City of), IN (Silver Birch of Mishwaka), Series 2017, RB                                                                                    | CUSIP: 604786AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $791341.97    | 0.06%             | 2032-01-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (Johns Hopkins Medical Institutions Parking Facilities)                         | Maryland (State of) Health & Higher Educational Facilities Authority (Johns Hopkins Medical Institutions Parking Facilities), Series 1996, RB          | CUSIP: 574216QD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10073.56     | 0.00%             | 2026-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Stanislaus County Tobacco Funding Corp.)                                                 | California (State of) County Tobacco Securitization Agency (Stanislaus County Tobacco Funding Corp.), Series 2002 A, RB                                | CUSIP: 13016NAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $610708.94    | 0.04%             | 2043-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 TT, RB                                                                             | CUSIP: 74526QSY9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    165000 | PA      | $164880.97    | 0.01%             | 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 2005 RR, RB                                                                             | CUSIP: 74526QUF7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    155000 | PA      | $155590.50    | 0.01%             | 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: 74526QZA3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1178137.50   | 0.08%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fairfield (City of), AL                                                                                                                              | Fairfield (City of), AL, Series 2012, GO Wts.                                                                                                          | CUSIP: 304117GB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2765000 | PA      | $2488500.00   | 0.18%             | 2031-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA Industrial Development Authority (Northampton Generating Co. L.P.)                                                       | Northampton (County of), PA Industrial Development Authority (Northampton Generating Co. L.P.), Series 2013 A, RB                                      | CUSIP: 663547AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350140 | PA      | $154061.60    | 0.01%             | 2027-06-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (Excalibur Charter School (The))                                                               | Pima (County of), AZ Industrial Development Authority (Excalibur Charter School (The)), Series 2016, Ref. RB                                           | CUSIP: 72177MRJ8<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50090.97     | 0.00%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Great River School)                                                                        | St. Paul (City of), MN Housing & Redevelopment Authority (Great River School), Series 2017 A, RB                                                       | CUSIP: 852297CJ7<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    140000 | PA      | $141531.60    | 0.01%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (North Star Academy Charter School of Newark, Inc.)                                             | New Jersey (State of) Economic Development Authority (North Star Academy Charter School of Newark, Inc.), Series 2017, RB                              | CUSIP: 64577BN26<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1075525.46   | 0.08%             | 2047-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (Montefiore Obligated Group)                                                                                 | New York (State of) Dormitory Authority (Montefiore Obligated Group), Series 2018 A, Ref. RB                                                           | CUSIP: 64990GGE6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1275177.75   | 0.09%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp. (Medaille College)                                                                           | Buffalo & Erie County Industrial Land Development Corp. (Medaille College), Series 2018, Ref. RB                                                       | CUSIP: 11943KDF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    212974 | PA      | $2875.16      | 0.00%             | 2028-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (ACCEL Schools)                                                                                  | Arizona (State of) Industrial Development Authority (ACCEL Schools), Series 2018 A, RB                                                                 | CUSIP: 04052BGH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1955000 | PA      | $1931489.56   | 0.14%             | 2033-08-01      | Fixed         | 5.00%                 | 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: 343572AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1201724.52   | 0.09%             | 2028-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| King (County of), WA Housing Authority (Rural Preservation)                                                                                          | King (County of), WA Housing Authority (Rural Preservation), Series 1997, RB                                                                           | CUSIP: 494759HB2<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5004.14      | 0.00%             | 2028-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Cape Girardeau (County of), MO Industrial Development Authority (Procter & Gamble Paper Products Co. (The))                                          | Cape Girardeau (County of), MO Industrial Development Authority (Procter & Gamble Paper Products Co. (The)), Series 1998, RB                           | CUSIP: 13940PAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30067.21     | 0.00%             | 2028-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp.                                                                                              | District of Columbia Tobacco Settlement Financing Corp., Series 2001, RB                                                                               | CUSIP: 254842AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17230000 | PA      | $17770639.49  | 1.27%             | 2040-05-15      | Fixed         | 6.75%                 | 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        |  11805000 | PA      | $11820739.61  | 0.84%             | 2032-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| West Covina (City of), CA Public Financing Authority (Big League Dreams)                                                                             | West Covina (City of), CA Public Financing Authority (Big League Dreams), Series 2006 A, RB                                                            | CUSIP: 95236PEA4<br>LEI: 549300RS71GX877H2E37 | Long             | DBT              | MUN               | US        |   1965000 | PA      | $1968730.55   | 0.14%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pembroke Harbor Community Development District                                                                                                       | Pembroke Harbor Community Development District, Series 2008 A, RB                                                                                      | CUSIP: 706386AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $902024.19    | 0.06%             | 2038-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Ecorse (City of), MI                                                                                                                                 | Ecorse (City of), MI, Series 2011, GO Bonds                                                                                                            | CUSIP: 279155BW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $385359.59    | 0.03%             | 2026-11-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Arizona Charter Schools)                                                                | Pima (County of), AZ Industrial Development Authority (The) (Arizona Charter Schools), Series 2013 Q, Ref. RB                                          | CUSIP: 72177MNZ6<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   5365000 | PA      | $5366479.67   | 0.38%             | 2031-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Minneapolis (City of), MN (Spero Academy)                                                                                                            | Minneapolis (City of), MN (Spero Academy), Series 2017 A, RB                                                                                           | CUSIP: 60375CAM6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    350000 | PA      | $352321.66    | 0.03%             | 2027-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Minneapolis (City of), MN (Spero Academy)                                                                                                            | Minneapolis (City of), MN (Spero Academy), Series 2017 A, RB                                                                                           | CUSIP: 60375CAN4<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1095222.49   | 0.08%             | 2032-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Argyle (Town of), TX (The Highlands of Argyle Public Improvement District No. 1)                                                                     | Argyle (Town of), TX (The Highlands of Argyle Public Improvement District No. 1), Series 2017, RB                                                      | CUSIP: 04033EAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $135517.43    | 0.01%             | 2027-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Teaneck Community Charter School)                                                              | New Jersey (State of) Economic Development Authority (Teaneck Community Charter School), Series 2017 A, Ref. RB                                        | CUSIP: 645912EB8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    115000 | PA      | $115550.99    | 0.01%             | 2027-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Lomira (Village of), WI Community Development Authority                                                                                              | Lomira (Village of), WI Community Development Authority, Series 2018 B, Ref. RB                                                                        | CUSIP: 541662AX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $538309.58    | 0.04%             | 2028-10-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Lynn Housing Authority & Neighborhood Development                                                                                                    | Lynn Housing Authority & Neighborhood Development, Series 2018, Ref. RB                                                                                | CUSIP: 551436AJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100009.47    | 0.01%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lynn Housing Authority & Neighborhood Development                                                                                                    | Lynn Housing Authority & Neighborhood Development, Series 2018, Ref. RB                                                                                | CUSIP: 551436AK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150016.76    | 0.01%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lynn Housing Authority & Neighborhood Development                                                                                                    | Lynn Housing Authority & Neighborhood Development, Series 2018, Ref. RB                                                                                | CUSIP: 551436AL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $320061.57    | 0.02%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Housing & Finance Association (Compass Public Charter School, Inc.)                                                                 | Idaho (State of) Housing & Finance Association (Compass Public Charter School, Inc.), Series 2018 A, RB                                                | CUSIP: 45129GDD4<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    110000 | PA      | $110259.15    | 0.01%             | 2029-07-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Community School of Davidson)                                                                         | Wisconsin (State of) Public Finance Authority (Community School of Davidson), Series 2018, RB                                                          | CUSIP: 74443DDZ1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    325000 | PA      | $330243.75    | 0.02%             | 2033-10-01      | Fixed         | 5.00%                 | 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 A, Ref. RB                                         | CUSIP: 264454AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1041102.94   | 0.07%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kelso (City of), WA Housing Authority (Chinook & Columbia Apartments)                                                                                | Kelso (City of), WA Housing Authority (Chinook & Columbia Apartments), Series 1998, RB                                                                 | CUSIP: 488269AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65013.08     | 0.00%             | 2028-03-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Power County Industrial Development Corp. (FMC Corp.)                                                                                                | Power County Industrial Development Corp. (FMC Corp.), Series 1999, RB                                                                                 | CUSIP: 739247AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $130484.47    | 0.01%             | 2032-08-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Medical District Commission                                                                                                      | Illinois (State of) Medical District Commission, Series 2002, COP                                                                                      | CUSIP: 45202VAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10010.88     | 0.00%             | 2026-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Gulf Coast Industrial Development Authority                                                                                                          | Gulf Coast Industrial Development Authority, Series 1998, RB                                                                                           | CUSIP: 40220MAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $340415.89    | 0.02%             | 2028-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| RiverSouth Authority                                                                                                                                 | RiverSouth Authority, Series 2007 A, RB                                                                                                                | CUSIP: 769318CC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $310080.14    | 0.02%             | 2027-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA Industrial Development Authority                                                                                         | Northampton (County of), PA Industrial Development Authority, Series 2013, RB                                                                          | CUSIP: 663547AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    192851 | PA      | $34713.18     | 0.00%             | 2027-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                                                                                                   | New York Counties Tobacco Trust VI, Series 2016 A, Ref. RB                                                                                             | CUSIP: 64945JBD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2640000 | PA      | $2622693.74   | 0.19%             | 2043-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bexar County Health Facilities Development Corp. (Army Retirement Residence Foundation)                                                              | Bexar County Health Facilities Development Corp. (Army Retirement Residence Foundation), Series 2016, Ref. RB                                          | CUSIP: 088354FM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992702.70    | 0.07%             | 2041-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pawtucket (City of), RI Housing Authority                                                                                                            | Pawtucket (City of), RI Housing Authority, Series 2010, RB                                                                                             | CUSIP: 704179BU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $195422.43    | 0.01%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mobile (City of), AL Improvement District (McGowin Park)                                                                                             | Mobile (City of), AL Improvement District (McGowin Park), Series 2016 A, RB                                                                            | CUSIP: 607155AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201083.96    | 0.01%             | 2030-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Hatikvah International Academy Charter School)                                                 | New Jersey (State of) Economic Development Authority (Hatikvah International Academy Charter School), Series 2017 A, RB                                | CUSIP: 645912DW3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    170000 | PA      | $170770.58    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (UME Preparatory Academy)                                                                                   | Arlington Higher Education Finance Corp. (UME Preparatory Academy), Series 2017 A, RB                                                                  | CUSIP: 041806PR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $315013.23    | 0.02%             | 2028-08-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Lynn Housing Authority & Neighborhood Development                                                                                                    | Lynn Housing Authority & Neighborhood Development, Series 2018, Ref. RB                                                                                | CUSIP: 551436AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $690175.40    | 0.05%             | 2030-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ackley (City of), IA (Grand Jivante)                                                                                                                 | Ackley (City of), IA (Grand Jivante), Series 2018 A, RB                                                                                                | CUSIP: 004603AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $527032.86    | 0.04%             | 2033-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bradley (Village of), IL (Bradley Commons)                                                                                                           | Bradley (Village of), IL (Bradley Commons), Series 2018 A, Ref. RB                                                                                     | CUSIP: 10457HBJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $505402.64    | 0.04%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oconee (County of), GA Industrial Development Authority (Presbyterian Village Athens)                                                                | Oconee (County of), GA Industrial Development Authority (Presbyterian Village Athens), Series 2018 A-1, RB                                             | CUSIP: 67556TCW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1432676.05   | 0.10%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp.                                                                                                        | Rhode Island Housing & Mortgage Finance Corp., Series 1992 10-A, RB                                                                                    | CUSIP: 762211RS1<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |     80000 | PA      | $80183.82     | 0.01%             | 2027-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Albany (City of) & Dougherty (Country of), GA Payroll Development Authority (Procter & Gamble Paper Products Co. (The))                              | Albany (City of) & Dougherty (Country of), GA Payroll Development Authority (Procter & Gamble Paper Products Co. (The)), Series 1998, RB               | CUSIP: 012192AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $811360.80    | 0.06%             | 2026-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Talladega (County of), AL                                                                                                                            | Talladega (County of), AL, Series 2002 D, Tax Anticipation Wts.                                                                                        | CUSIP: 874381JM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20036.25     | 0.00%             | 2029-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sacramento (County of), CA (Juvenile Courthouse)                                                                                                     | Sacramento (County of), CA (Juvenile Courthouse), Series 2003, COP                                                                                     | CUSIP: 786110MX1<br>LEI: 549300OXI5MD45L13R20 | Long             | DBT              | MUN               | US        |   5405000 | PA      | $5413073.45   | 0.39%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 XX, RB                                                                             | CUSIP: 74526QWD0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    250000 | PA      | $166875.00    | 0.01%             | 2027-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Flats East Bank)                                                                      | Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Flats East Bank), Series 2010, RB                                                       | CUSIP: 186103FY8<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002314.80   | 0.07%             | 2035-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                                   | Tobacco Settlement Financing Corp., Series 2015 A, Ref. RB                                                                                             | CUSIP: 888809BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4445000 | PA      | $4445417.39   | 0.32%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monongalia (County of), WV Building Commission (Monongalia Health System Obligated Group)                                                            | Monongalia (County of), WV Building Commission (Monongalia Health System Obligated Group), Series 2015, Ref. RB                                        | CUSIP: 610218BH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000765.90   | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dakota (County of), MN Community Development Agency (Sanctuary at West St. Paul)                                                                     | Dakota (County of), MN Community Development Agency (Sanctuary at West St. Paul), Series 2015, RB                                                      | CUSIP: 23409VEJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $600815.34    | 0.04%             | 2030-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                                                                                                   | New York Counties Tobacco Trust VI, Series 2016 A, Ref. RB                                                                                             | CUSIP: 64945JAZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $731730.02    | 0.05%             | 2035-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds)                                                               | California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds), Series 2017, RB                                                | CUSIP: 130536QZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4950000 | PA      | $55687.50     | 0.00%             | 2032-07-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Elim Senior Housing, Inc.)                                                                                               | Capital Trust Agency, Inc. (Elim Senior Housing, Inc.), Series 2017, RB                                                                                | CUSIP: 140542AE1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $964099.90    | 0.07%             | 2032-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Evansville (City of), IN (Silver Birch of Evansville)                                                                                                | Evansville (City of), IN (Silver Birch of Evansville), Series 2017, RB                                                                                 | CUSIP: 299351AF3<br>LEI: 5493004FNKVUBIYGJO12 | Long             | DBT              | MUN               | US        |    135000 | PA      | $132068.03    | 0.01%             | 2028-01-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Legacy Preparatory Charter Academy)                                                            | New Hope Cultural Education Facilities Finance Corp. (Legacy Preparatory Charter Academy), Series 2018 A, RB                                           | CUSIP: 64542QAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $857142.00    | 0.06%             | 2037-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc.)                                                                                         | Houston (City of), TX Airport System (United Airlines, Inc.), Series 2018, RB                                                                          | CUSIP: 4423487V4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028570.80   | 0.07%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (Covanta)                                                                              | Virginia (Commonwealth of) Small Business Financing Authority (Covanta), Series 2018, RB                                                               | CUSIP: 928106AQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2200554.74   | 0.16%             | 2038-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Lomira (Village of), WI Community Development Authority                                                                                              | Lomira (Village of), WI Community Development Authority, Series 2018 B, Ref. RB                                                                        | CUSIP: 541662AY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $172099.06    | 0.01%             | 2029-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Lynn Housing Authority & Neighborhood Development                                                                                                    | Lynn Housing Authority & Neighborhood Development, Series 2018, Ref. RB                                                                                | CUSIP: 551436AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $385085.24    | 0.03%             | 2029-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Marion P. Thomas Charter School)                                                               | New Jersey (State of) Economic Development Authority (Marion P. Thomas Charter School), Series 2018 A, RB                                              | CUSIP: 645912EQ5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    645000 | PA      | $640777.38    | 0.05%             | 2028-10-01      | Fixed         | 4.75%                 | 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 A, Ref. RB                                         | CUSIP: 264454AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1023138.05   | 0.07%             | 2028-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Clear Lake (City of), IA (Timbercrest Apartments, LLC)                                                                                               | Clear Lake (City of), IA (Timbercrest Apartments, LLC), Series 2018, RB                                                                                | CUSIP: 184635AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $646734.46    | 0.05%             | 2028-10-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Golden Door Charter School)                                                                    | New Jersey (State of) Economic Development Authority (Golden Door Charter School), Series 2018 A, RB                                                   | CUSIP: 645912EV4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    165000 | PA      | $166654.34    | 0.01%             | 2029-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Bradley (Village of), IL (Bradley Commons)                                                                                                           | Bradley (Village of), IL (Bradley Commons), Series 2018 A, Ref. RB                                                                                     | CUSIP: 10457HBK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $535412.63    | 0.04%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Winfree Academy Charter School)                                                                            | Arlington Higher Education Finance Corp. (Winfree Academy Charter School), Series 2019, Ref. RB                                                        | CUSIP: 041806RU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1143719.48   | 0.08%             | 2029-08-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JPU3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   8408000 | PA      | $8410356.76   | 0.60%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JPV1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |    538000 | PA      | $536749.53    | 0.04%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JQC2<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |    734000 | PA      | $695987.61    | 0.05%             | 2027-07-01      | 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: 74529JQD0<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1003000 | PA      | $888993.70    | 0.06%             | 2029-07-01      | 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        |   8831000 | PA      | $3011350.69   | 0.21%             | 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        |  11268000 | PA      | $2808173.78   | 0.20%             | 2051-07-01      | 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: 44952RAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30050.02     | 0.00%             | 2029-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Freedom Academy Foundation (The))                                                                  | Utah (State of) Charter School Finance Authority (Freedom Academy Foundation (The)), Series 2017, Ref. RB                                              | CUSIP: 91754TUV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99403.50     | 0.01%             | 2027-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Frisco (Town of), CO (Marina Enterprise)                                                                                                             | Frisco (Town of), CO (Marina Enterprise), Series 2019, RB                                                                                              | CUSIP: 35876MAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $603595.80    | 0.04%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Merit Preparatory Academy)                                                                         | Utah (State of) Charter School Finance Authority (Merit Preparatory Academy), Series 2019 A, RB                                                        | CUSIP: 91754TXE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $677855.24    | 0.05%             | 2029-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Merit Preparatory Academy)                                                                         | Utah (State of) Charter School Finance Authority (Merit Preparatory Academy), Series 2019 A, RB                                                        | CUSIP: 91754TXF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1268359.29   | 0.09%             | 2034-06-15      | Fixed         | 5.00%                 | 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        |   1275000 | PA      | $1295020.69   | 0.09%             | 2038-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Somerset Academy of Las Vegas - Lone Mountain Campus)                                           | Arizona (State of) Industrial Development Authority (Somerset Academy of Las Vegas - Lone Mountain Campus), Series 2019 A, IDR                         | CUSIP: 04052BJC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $401001.80    | 0.03%             | 2039-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Local Oregon Capital Assets Program                                                                                                                  | Local Oregon Capital Assets Program, Series 2011 C, COP                                                                                                | CUSIP: 53957KCL9<br>LEI: 549300KILFEFYKOPF027 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35016.85     | 0.00%             | 2031-06-01      | Fixed         | 4.60%                 | 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        |   4000000 | PA      | $4010694.00   | 0.29%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor)                                                              | Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor), Series 2016 A, Ref. RB                                        | CUSIP: 821697P94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2840284.50   | 0.20%             | 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: 74442CBY9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3051442.50   | 0.22%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (North Carolina Leadership Academy)                                                                    | Wisconsin (State of) Public Finance Authority (North Carolina Leadership Academy), Series 2019, RB                                                     | CUSIP: 74442EEG1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    540000 | PA      | $496289.92    | 0.04%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (North Carolina Leadership Academy)                                                                    | Wisconsin (State of) Public Finance Authority (North Carolina Leadership Academy), Series 2019, RB                                                     | CUSIP: 74442EEF3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    440000 | PA      | $435357.38    | 0.03%             | 2039-06-15      | Fixed         | 5.00%                 | 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: 140536AA1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   4815000 | PA      | $4813059.56   | 0.34%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Monongalia (County of), WV Building Commission (Monongalia Health System Obligated Group)                                                            | Monongalia (County of), WV Building Commission (Monongalia Health System Obligated Group), Series 2015, Ref. RB                                        | CUSIP: 610218BN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $173862.94    | 0.01%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Polk (County of), FL Industrial Development Authority (Carpenter's Home Estates)                                                                     | Polk (County of), FL Industrial Development Authority (Carpenter's Home Estates), Series 2019, Ref. IDR                                                | CUSIP: 73112JAC4<br>LEI: 549300UTRO4TAORRAL04 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2390184.00   | 0.17%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas (State of) Development Finance Authority (Big River Steel)                                                                                  | Arkansas (State of) Development Finance Authority (Big River Steel), Series 2019, RB                                                                   | CUSIP: 04108WCC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1940335.20   | 0.14%             | 2049-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PEFA, Inc.                                                                                                                                           | PEFA, Inc., Series 2019, RB                                                                                                                            | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10104675.00  | 0.72%             | 2026-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (South Carolina SAVES Green Community Program - AAC East LLC) (Green Bonds)            | South Carolina (State of) Jobs-Economic Development Authority (South Carolina SAVES Green Community Program - AAC East LLC) (Green Bonds), Series 2019 | CUSIP: 837031YS6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    385000 | PA      | $382073.77    | 0.03%             | 2026-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Aurora (City of), IL                                                                                                                                 | Aurora (City of), IL, Series 2014, RB                                                                                                                  | CUSIP: 052398EK6<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003923.60   | 0.14%             | 2026-01-06      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin (City of), TX                                                                                                                                 | Austin (City of), TX, Series 2014, RB                                                                                                                  | CUSIP: 052398ER1<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4007847.20   | 0.29%             | 2026-01-06      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Health Facilities Authority  (Trinity Health Credit Group)                                                                          | Idaho (State of) Health Facilities Authority  (Trinity Health Credit Group), Series 2015, RB                                                           | CUSIP: 451295XL8<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1759421.65   | 0.13%             | 2027-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) (Portsmouth Bypass)                                                                                                                  | Ohio (State of) (Portsmouth Bypass), Series 2015, RB                                                                                                   | CUSIP: 67759YAX5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   3665000 | PA      | $3664986.07   | 0.26%             | 2039-12-31      | Fixed         | 5.00%                 | No            |                  2 | 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: 16080TAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1142815.01   | 0.08%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Trinity Classical Academy)                                                                           | California (State of) Public Finance Authority (Trinity Classical Academy), Series 2019 B, RB                                                          | CUSIP: 13057KAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39774.26     | 0.00%             | 2026-07-01      | 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: 010685JS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310193 | PA      | $4652.89      | 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        |    465289 | PA      | $6979.34      | 0.00%             | 2034-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Doral Academy of Nevada - Fire Mesa & Red Rock Campus)                                          | Arizona (State of) Industrial Development Authority (Doral Academy of Nevada - Fire Mesa & Red Rock Campus), Series 2019, RB                           | CUSIP: 04052BHX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $386571.57    | 0.03%             | 2029-07-15      | Fixed         | 3.55%                 | 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: 10604PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    141000 | PA      | $20445.00     | 0.00%             | 2039-03-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Bristol (City of), TN Industrial Development Board (Pinnacle)                                                                                        | Bristol (City of), TN Industrial Development Board (Pinnacle), Series 2016, RB                                                                         | CUSIP: 11023QAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2530479.73   | 0.18%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp. (Brooklyn Navy Yard)                                                                                                        | Build NYC Resource Corp. (Brooklyn Navy Yard), Series 2019, Ref. RB                                                                                    | CUSIP: 12008EPN0<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3027296.10   | 0.22%             | 2033-12-31      | Fixed         | 5.25%                 | No            |                  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        |   7155000 | PA      | $7059908.62   | 0.50%             | 2040-12-31      | Fixed         | 5.50%                 | 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: 25483WAJ1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1285051.66   | 0.09%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Florida Charter Educational Foundation, Inc.)                                                                            | Capital Trust Agency, Inc. (Florida Charter Educational Foundation, Inc.), Series 2016, RB                                                             | CUSIP: 34061UCH9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5033491.00   | 0.36%             | 2036-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Good Samaritan Hospital)                                                                                       | Indiana (State of) Finance Authority (Good Samaritan Hospital), Series 2016 A, RB                                                                      | CUSIP: 45471CAW8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200404.00    | 0.01%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Benjamin Franklin Charter School)                                                         | Maricopa (County of), AZ Industrial Development Authority (Benjamin Franklin Charter School), Series 2018, RB                                          | CUSIP: 56681NCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2335664.65   | 0.17%             | 2028-07-01      | Fixed         | 4.80%                 | 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        |   2820000 | PA      | $2225677.10   | 0.16%             | 2047-06-01      | Fixed         | 5.50%                 | 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: 64542UBA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1812784.43   | 0.13%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Southminster)                                                                                     | North Carolina (State of) Medical Care Commission (Southminster), Series 2016, Ref. RB                                                                 | CUSIP: 65820YMR4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2592870.50   | 0.18%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                                                                                       | Palomar Health, Series 2016, Ref. RB                                                                                                                   | CUSIP: 697528AS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $990510.00    | 0.07%             | 2039-11-01      | Fixed         | 4.00%                 | 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: 71885FDU8<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   3365000 | PA      | $3366795.23   | 0.24%             | 2035-07-01      | 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        |   3000000 | PA      | $2370000.00   | 0.17%             | 2041-02-15      | Fixed         | 6.38%                 | 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: 939783SZ0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    125000 | PA      | $124904.20    | 0.01%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greater Arizona Development Authority                                                                                                                | Greater Arizona Development Authority, Series 2007 A, RB                                                                                               | CUSIP: 391577MP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5005.23      | 0.00%             | 2032-08-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Pinellas (County of), FL Industrial Development Authority (2017 Foundation for Global Understanding)                                                 | Pinellas (County of), FL Industrial Development Authority (2017 Foundation for Global Understanding), Series 2019, RB                                  | CUSIP: 72316VAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1762316.85   | 0.13%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                | Puerto Rico Sales Tax Financing Corp., Series 2019 A-2, RB                                                                                             | CUSIP: 74529JRK3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |    163000 | PA      | $148676.68    | 0.01%             | 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        |   2196000 | PA      | $2073177.06   | 0.15%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  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: 71781XFV0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1797748.08   | 0.13%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harrison (County of), WV County Commission (Charles Pointe Economic Opportunity Development District)                                                | Harrison (County of), WV County Commission (Charles Pointe Economic Opportunity Development District), Series 2019 A, RB                               | CUSIP: 41524TAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $706046.60    | 0.05%             | 2042-06-01      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| Wichita (City of), KS (Presbyterian Manors, Inc.)                                                                                                    | Wichita (City of), KS (Presbyterian Manors, Inc.), Series 2019, Ref. RB                                                                                | CUSIP: 967249QP1<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1166530.58   | 0.08%             | 2027-05-15      | 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: 967249QR7<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1284436.99   | 0.09%             | 2029-05-15      | 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: 967249QS5<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   2950000 | PA      | $2963613.96   | 0.21%             | 2034-05-15      | 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        |   4520000 | PA      | $4496606.29   | 0.32%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Transforming Age)                                                                                  | Washington (State of) Housing Finance Commission (Transforming Age), Series 2019 A, RB                                                                 | CUSIP: 939783YY6<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2522335.75   | 0.18%             | 2039-01-01      | 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: 619295AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $638902.66    | 0.05%             | 2029-01-01      | Fixed         | 4.25%                 | 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 2014, RB                                               | CUSIP: 447297AZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5022484 | PA      | $3584798.25   | 0.26%             | 2026-07-01      | Fixed         | 3.50%                 | 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: 10604PAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     27000 | PA      | $3915.00      | 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        |   1000000 | PA      | $1007214.90   | 0.07%             | 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        |   1650000 | PA      | $1537649.69   | 0.11%             | 2046-11-01      | 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: 56681NEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2290729.50   | 0.16%             | 2039-07-01      | Fixed         | 5.00%                 | 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: 45204E5Z7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2065000 | PA      | $1430012.50   | 0.10%             | 2027-11-01      | 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: 45204E6D5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $1398850.00   | 0.10%             | 2035-11-01      | Fixed         | 5.00%                 | Yes           |                  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: 72177PCC2<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    245000 | PA      | $246016.60    | 0.02%             | 2029-07-01      | 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: 72177PCD0<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    400000 | PA      | $401051.68    | 0.03%             | 2034-07-01      | 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: 72177PCE8<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    500000 | PA      | $494509.30    | 0.04%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Advanced Technology Academy                                                                                                                          | Advanced Technology Academy, Series 2019, Ref. RB                                                                                                      | CUSIP: 00766SAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1636757.76   | 0.12%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                                                                                       | Vauxmont Metropolitan District, Series 2019, Ref. GO Bonds                                                                                             | CUSIP: 92242SAN3<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    469000 | PA      | $400455.88    | 0.03%             | 2050-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Trinity Health Credit Group)                                                                                  | Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2019 A, Ref. RB                                                            | CUSIP: 59447TXH1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1021936.55   | 0.07%             | 2049-12-01      | Fixed         | 4.00%                 | 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: 296110GF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1806747.39   | 0.13%             | 2050-08-15      | Fixed         | 4.00%                 | 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        |   1470000 | PA      | $1239986.01   | 0.09%             | 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        |   2755000 | PA      | $1962409.09   | 0.14%             | 2048-06-01      | Fixed         | 3.00%                 | 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: 717824AN6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504767.85    | 0.04%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Baltimore (City of), MD (Convention Center Hotel)                                                                                                    | Baltimore (City of), MD (Convention Center Hotel), Series 2017, Ref. RB                                                                                | CUSIP: 05921PBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2175508.58   | 0.16%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Baltimore (City of), MD (Convention Center Hotel)                                                                                                    | Baltimore (City of), MD (Convention Center Hotel), Series 2017, Ref. RB                                                                                | CUSIP: 05921PBT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1117950.24   | 0.08%             | 2027-09-01      | Fixed         | 5.00%                 | 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: 72177MTD9<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1301834.43   | 0.09%             | 2030-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Cumberland Academy)                                                                            | New Hope Cultural Education Facilities Finance Corp. (Cumberland Academy), Series 2020 A, RB                                                           | CUSIP: 64542QBM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4085000 | PA      | $3886239.01   | 0.28%             | 2030-08-15      | Fixed         | 4.00%                 | 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: 74443DFU0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4200563.64   | 0.30%             | 2039-02-01      | 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        |   2170000 | PA      | $2251069.46   | 0.16%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Renaissance Charter School, Inc.)                                                                                 | Florida Development Finance Corp. (Renaissance Charter School, Inc.), Series 2020, Ref. RB                                                             | CUSIP: 34061UFB9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1002728.81   | 0.07%             | 2040-09-15      | Fixed         | 5.00%                 | 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        |   5499000 | PA      | $5512022.18   | 0.39%             | 2050-12-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| 3rd and Havana Metropolitan District                                                                                                                 | 3rd and Havana Metropolitan District, Series 2020 A, GO Bonds                                                                                          | CUSIP: 884134AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2146914.78   | 0.15%             | 2030-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Covanta)                                                                                        | New Hampshire (State of) Business Finance Authority (Covanta), Series 2020 A, Ref. RB                                                                  | CUSIP: 63607YAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3455000 | PA      | $2836095.14   | 0.20%             | 2040-07-02      | Variable      | 3.62%                 | 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: 87638RKJ5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |     95000 | PA      | $93897.13     | 0.01%             | 2027-11-15      | Fixed         | 4.00%                 | 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: 87638RKE6<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003562.00   | 0.07%             | 2031-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                                                                                                 | Mida Mountain Village Public Infrastructure District, Series 2020 A, RB                                                                                | CUSIP: 59561TAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1655790.71   | 0.12%             | 2035-08-01      | Fixed         | 4.25%                 | 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   | 0.09%             | 2040-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Maryland Heights (City of), MO (Westport Plaza Redevelopment)                                                                                        | Maryland Heights (City of), MO (Westport Plaza Redevelopment), Series 2020, RB                                                                         | CUSIP: 57407CAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2180000 | PA      | $2051518.43   | 0.15%             | 2038-11-01      | Fixed         | 4.12%                 | 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        |   7045000 | PA      | $7135358.47   | 0.51%             | 2031-06-01      | Fixed         | 5.00%                 | 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: 650116CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5221344.50   | 0.37%             | 2035-10-01      | Fixed         | 5.00%                 | 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        |   4000000 | PA      | $3774064.80   | 0.27%             | 2045-10-01      | Fixed         | 4.38%                 | 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        |     57386 | PA      | $860.79       | 0.00%             | 2029-11-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Mobile (County of), AL (Gomessa)                                                                                                                     | Mobile (County of), AL (Gomessa), Series 2020, Revenue Wts.                                                                                            | CUSIP: 607341AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1228025.52   | 0.09%             | 2045-11-01      | Fixed         | 4.00%                 | 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: 50826FAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2885000 | PA      | $2990213.93   | 0.21%             | 2030-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Hmong Prep Academy)                                                                        | St. Paul (City of), MN Housing & Redevelopment Authority (Hmong Prep Academy), Series 2020, Ref. RB                                                    | CUSIP: 852297CZ1<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500249.60   | 0.11%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds)                                                               | California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds), Series 2020, RB                                                | CUSIP: 130536RM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $11250.00     | 0.00%             | 2032-07-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Guam (Territory of) Department of Education (John F. Kennedy)                                                                                        | Guam (Territory of) Department of Education (John F. Kennedy), Series 2020, Ref. COP                                                                   | CUSIP: 40065AAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2780152.38   | 0.20%             | 2040-02-01      | Fixed         | 5.00%                 | 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 2020 A, Ref. GO Bonds                                                           | CUSIP: 15200XAJ2<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1112232.90   | 0.08%             | 2029-12-01      | Fixed         | 4.00%                 | 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        |   2855000 | PA      | $434220.52    | 0.03%             | 2033-01-01      | Fixed         | 5.88%                 | Yes           |                  3 | On Loan: No      |
| Nine Mile Metropolitan District                                                                                                                      | Nine Mile Metropolitan District                                                                                                                        | CUSIP: 65442PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $576070.27    | 0.04%             | 2030-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Mater Academy)                                                                                                    | Florida Development Finance Corp. (Mater Academy), Series 2020 A, RB                                                                                   | CUSIP: 34061UFX1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2893442.40   | 0.21%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berwyn (City of), IL (South Berwyn Corridor)                                                                                                         | Berwyn (City of), IL (South Berwyn Corridor), Series 2020, RB                                                                                          | CUSIP: 086274AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $787107.99    | 0.06%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kinston Metropolitan District No. 5                                                                                                                  | Kinston Metropolitan District No. 5, Series 2020 A, GO Bonds                                                                                           | CUSIP: 49717MAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030000.00   | 0.07%             | 2035-12-01      | Fixed         | 4.62%                 | 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        |   1500000 | PA      | $1516739.70   | 0.11%             | 2040-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Brighton Crossing Metropolitan District No. 6                                                                                                        | Brighton Crossing Metropolitan District No. 6, Series 2020 A, GO Bonds                                                                                 | CUSIP: 10933PAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $534101.09    | 0.04%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brighton Crossing Metropolitan District No. 6                                                                                                        | Brighton Crossing Metropolitan District No. 6, Series 2020 A, GO Bonds                                                                                 | CUSIP: 10933PAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $518873.52    | 0.04%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas (State of) Development Finance Authority (Big River Steel) (Green Bonds)                                                                    | Arkansas (State of) Development Finance Authority (Big River Steel) (Green Bonds), Series 2020, RB                                                     | CUSIP: 04108WCD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7370000 | PA      | $7205641.63   | 0.51%             | 2049-09-01      | Fixed         | 4.75%                 | 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        |    620000 | PA      | $649577.04    | 0.05%             | 2042-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (California University of Science and Medicine)                                                       | California (State of) Public Finance Authority (California University of Science and Medicine), Series 2019 A, RB                                      | CUSIP: 13057EDH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6100000 | PA      | $6285551.02   | 0.45%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                                                           | Illinois Finance Authority, Series 2020, RB                                                                                                            | CUSIP: 45204FAH8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.21%             | 2049-08-15      | Variable      | 2.80%                 | 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        |    900000 | PA      | $729967.95    | 0.05%             | 2041-08-15      | 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: 93978LGF7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1409986.23   | 0.10%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Peak Metropolitan District No. 1                                                                                                                     | Peak Metropolitan District No. 1, Series 2021 A, GO Bonds                                                                                              | CUSIP: 704676AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1543791.92   | 0.11%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston Higher Education Finance Corp. (Houston Baptist University)                                                                                  | Houston Higher Education Finance Corp. (Houston Baptist University), Series 2021, RB                                                                   | CUSIP: 44237QAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $620852.82    | 0.04%             | 2037-10-01      | Fixed         | 3.38%                 | 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        |   1072740 | PA      | $789266.20    | 0.06%             | 2060-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 TT, RB                                                                             | CUSIP: 74526QKX9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     65000 | PA      | $43387.50     | 0.00%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rocky Mountain Rail Park Metropolitan District                                                                                                       | Rocky Mountain Rail Park Metropolitan District, Series 2021 A, GO Bonds                                                                                | CUSIP: 774762AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3445000 | PA      | $3465872.91   | 0.25%             | 2031-12-01      | Fixed         | 5.00%                 | 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        |   2000000 | PA      | $1953164.00   | 0.14%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Evanston (City of), IL (Roycemore School)                                                                                                            | Evanston (City of), IL (Roycemore School), Series 2021, RB                                                                                             | CUSIP: 299231AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $813610.59    | 0.06%             | 2041-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Evanston (City of), IL (Roycemore School)                                                                                                            | Evanston (City of), IL (Roycemore School), Series 2021, RB                                                                                             | CUSIP: 299231AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $232596.09    | 0.02%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp.                                                                                                                                       | Tennergy Corp., Series 2021 A, RB                                                                                                                      | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   3610000 | PA      | $3678700.83   | 0.26%             | 2028-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Medical District Commission                                                                                                      | Illinois (State of) Medical District Commission, Series 2002, COP                                                                                      | CUSIP: 45202VAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $140149.23    | 0.01%             | 2032-06-01      | 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 2007, RB                                               | CUSIP: 447297AK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $64237.50     | 0.00%             | 2028-01-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Crandall (City of), TX                                                                                                                               | Crandall (City of), TX, Series 2021, RB                                                                                                                | CUSIP: 224384AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50057.80     | 0.00%             | 2026-09-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Crandall (City of), TX                                                                                                                               | Crandall (City of), TX, Series 2021, RB                                                                                                                | CUSIP: 224384AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201394.44    | 0.01%             | 2031-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Crandall (City of), TX                                                                                                                               | Crandall (City of), TX, Series 2021, RB                                                                                                                | CUSIP: 224384AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959666.20    | 0.07%             | 2051-09-15      | Fixed         | 5.25%                 | 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: 49126TBA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2581474.90   | 0.18%             | 2031-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority, A Cooperative District (No. 2)                                                                                           | Southeast Energy Authority, A Cooperative District (No. 2), Series 2021 B, RB                                                                          | CUSIP: 84136FAV9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   5390000 | PA      | $5499807.24   | 0.39%             | 2031-12-01      | Variable      | 4.00%                 | 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        |   1545000 | PA      | $1465476.38   | 0.10%             | 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: 14054CDV8<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    230000 | PA      | $212814.84    | 0.02%             | 2031-06-01      | Fixed         | 3.25%                 | 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: 14054CDW6<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1520594.69   | 0.11%             | 2041-06-01      | Fixed         | 5.00%                 | 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: 74443DGH8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2965000 | PA      | $2819914.54   | 0.20%             | 2031-07-01      | Fixed         | 3.75%                 | No            |                  2 | 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        |   3800000 | PA      | $3712081.30   | 0.26%             | 2026-07-01      | Fixed         | 3.62%                 | 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        |    166000 | PA      | $159329.89    | 0.01%             | 2051-12-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp. (Shefa School)                                                                                                              | Build NYC Resource Corp. (Shefa School), Series 2021 A, RB                                                                                             | CUSIP: 12008ERV0<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    375000 | PA      | $347385.00    | 0.02%             | 2031-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Port Beaumont Navigation District (Jefferson Gulf Coast Energy)                                                                                      | Port Beaumont Navigation District (Jefferson Gulf Coast Energy), Series 2021, RB                                                                       | CUSIP: 73360CAJ3<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2004223.98   | 0.14%             | 2030-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Port Beaumont Navigation District (Jefferson Gulf Coast Energy)                                                                                      | Port Beaumont Navigation District (Jefferson Gulf Coast Energy), Series 2021, RB                                                                       | CUSIP: 73360CAK0<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    800000 | PA      | $738473.44    | 0.05%             | 2031-01-01      | Fixed         | 2.62%                 | 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        |   2820000 | PA      | $2674371.53   | 0.19%             | 2036-11-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Military Installation Development Authority                                                                                                          | Military Installation Development Authority, Series 2021 A-2, RB                                                                                       | CUSIP: 599772AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1153415.50   | 0.08%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Strategic Fund (Green Bonds)                                                                                                     | Michigan (State of) Strategic Fund (Green Bonds), Series 2021, RB                                                                                      | CUSIP: 594698SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5610000 | PA      | $5606143.69   | 0.40%             | 2026-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District (The) (No. 6)                                                                                                         | Black Belt Energy Gas District (The) (No. 6), Series 2021 B, RB                                                                                        | CUSIP: 09182TAF4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3017867.10   | 0.22%             | 2026-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                                                                                                          | Black Desert Public Infrastructure District, Series 2021 A, GO Bonds                                                                                   | CUSIP: 09204PAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1004508.12   | 0.07%             | 2031-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                                                                                                          | Black Desert Public Infrastructure District, Series 2021 A, GO Bonds                                                                                   | CUSIP: 09204PAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1610107.28   | 0.11%             | 2036-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Dakota (County of), MN Community Development Agency (Quill)                                                                                          | Dakota (County of), MN Community Development Agency (Quill), Series 2021, RB                                                                           | CUSIP: 23409VFK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4175494.50   | 0.30%             | 2039-04-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District)                                                       | Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District), Series 2016, RB                                        | CUSIP: 85732GXD7<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010576.10   | 0.07%             | 2036-06-01      | Fixed         | 5.00%                 | 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: 38546WDM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3154947.98   | 0.22%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pinal (County of), AZ Industrial Development Authority (Green Bonds)                                                                                 | Pinal (County of), AZ Industrial Development Authority (Green Bonds), Series 2021 C, RB                                                                | CUSIP: 72206FAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4208494.80   | 0.30%             | 2033-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Mida Golf and Equestrian Center Public Infrastructure District                                                                                       | Mida Golf and Equestrian Center Public Infrastructure District, Series 2021, GO Bonds                                                                  | CUSIP: 59561BAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2205000 | PA      | $1939346.45   | 0.14%             | 2041-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PRPBA Custodial Trust                                                                                                                                | PRPBA Custodial Trust, Series 2022, RB                                                                                                                 | CUSIP: 69362CAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    277816 | PA      | $3505.90      | 0.00%             | 2049-03-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Hill Metropolitan District No. 3                                                                                                              | Morgan Hill Metropolitan District No. 3, Series 2021 A, GO Bonds                                                                                       | CUSIP: 61740BAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $903258.45    | 0.06%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Morgan Hill Metropolitan District No. 3                                                                                                              | Morgan Hill Metropolitan District No. 3, Series 2021 A, GO Bonds                                                                                       | CUSIP: 61740BAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2940000 | PA      | $2447436.81   | 0.17%             | 2041-12-01      | Fixed         | 3.50%                 | 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: 0418064V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2290000 | PA      | $2171514.26   | 0.15%             | 2031-02-15      | Fixed         | 4.00%                 | 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: 0418064W7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3325000 | PA      | $2702308.96   | 0.19%             | 2041-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Madison Academy)                                                                                              | Michigan (State of) Finance Authority (Madison Academy), Series 2021, Ref. RB                                                                          | CUSIP: 594479GT8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1185173.64   | 0.08%             | 2039-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Mida Golf and Equestrian Center Public Infrastructure District                                                                                       | Mida Golf and Equestrian Center Public Infrastructure District, Series 2021, GO Bonds                                                                  | CUSIP: 59561BAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2117221.50   | 0.15%             | 2051-06-01      | Fixed         | 4.50%                 | 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: 744396GR7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    550000 | PA      | $525247.91    | 0.04%             | 2031-06-15      | Fixed         | 4.25%                 | 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: 744396GS5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    615000 | PA      | $551405.80    | 0.04%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Alamance Community School)                                                                            | Wisconsin (State of) Public Finance Authority (Alamance Community School), Series 2021 A, RB                                                           | CUSIP: 744396GX4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $969757.15    | 0.07%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prairie Center Metropolitan District No. 7                                                                                                           | Prairie Center Metropolitan District No. 7, Series 2021, GO Bonds                                                                                      | CUSIP: 739491AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1329846.25   | 0.09%             | 2046-06-15      | Fixed         | 6.38%                 | 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: 14054CEQ8<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    465000 | PA      | $437818.29    | 0.03%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jackson (City of), TN                                                                                                                                | Jackson (City of), TN, Series 2015, RB                                                                                                                 | CUSIP: 46874TGV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2890000 | PA      | $2891816.08   | 0.21%             | 2030-04-01      | Fixed         | 5.00%                 | 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: 19648FTF1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4035000 | PA      | $3784608.88   | 0.27%             | 2035-05-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (Aberdeen Ridge)                                                                                     | Colorado (State of) Health Facilities Authority (Aberdeen Ridge), Series 2021 B, RB                                                                    | CUSIP: 19648FTL8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $990143.69    | 0.07%             | 2029-05-15      | Fixed         | 2.62%                 | Yes           |                  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        |   1170000 | PA      | $945487.76    | 0.07%             | 2044-05-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Greater Cincinnati (Port of), OH Development Authority (IPS Cincinnati LLC)                                                                          | Greater Cincinnati (Port of), OH Development Authority (IPS Cincinnati LLC), Series 2021, RB                                                           | CUSIP: 73421LAA9<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1788609.24   | 0.13%             | 2026-06-15      | Variable      | 4.38%                 | 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: 74442PVN2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5375000 | PA      | $4620417.73   | 0.33%             | 2031-01-01      | Fixed         | 5.50%                 | 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: 74442PVP7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3110000 | PA      | $2292195.33   | 0.16%             | 2041-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Pomona Unified School District                                                                                                                       | Pomona Unified School District, Series 2021 F, GO Bonds                                                                                                | CUSIP: 732098RB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $782649.10    | 0.06%             | 2048-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                                                        | Main Street Natural Gas, Inc., Series 2022 C, RB                                                                                                       | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11005885.00  | 0.78%             | 2027-11-01      | Variable      | 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        |    965000 | PA      | $709546.84    | 0.05%             | 2061-11-15      | 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        |   2000000 | PA      | $2011576.60   | 0.14%             | 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: 45129GHW8<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   2280000 | PA      | $1878028.70   | 0.13%             | 2042-05-01      | Fixed         | 4.00%                 | 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        |   2000000 | PA      | $1702415.20   | 0.12%             | 2047-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Winrock Town Center Tax Increment Development District No. 1                                                                                         | Winrock Town Center Tax Increment Development District No. 1, Series 2022, Ref. RB                                                                     | CUSIP: 97535RAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1216406.50   | 0.09%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Morningside Ministries)                                                                        | New Hope Cultural Education Facilities Finance Corp. (Morningside Ministries), Series 2022, Ref. RB                                                    | CUSIP: 64542UFW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1409306.10   | 0.10%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Social Bonds)                                                                                   | New Hampshire (State of) Business Finance Authority (Social Bonds), Series 2022-1A, RB                                                                 | CUSIP: 63607WAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1527481 | PA      | $1554740.91   | 0.11%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Riverwalk Metropolitan District No. 2                                                                                                                | Riverwalk Metropolitan District No. 2, Series 2022 A, RB                                                                                               | CUSIP: 769504AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3772121.20   | 0.27%             | 2032-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                        | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  10510000 | PA      | $10751766.79  | 0.77%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                        | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3297983.04   | 0.24%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                        | Puerto Rico (Commonwealth of), Series 2021 A, GO Bonds                                                                                                 | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2034531 | PA      | $1466839.27   | 0.10%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                        | Puerto Rico (Commonwealth of), Subseries 2022, RN                                                                                                      | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   3618354 | PA      | $2320269.57   | 0.17%             | 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: 91754TR70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $952157.66    | 0.07%             | 2027-06-15      | Fixed         | 4.25%                 | 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: 91754TR88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1951755.20   | 0.14%             | 2032-06-15      | Fixed         | 4.50%                 | 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: 91754TR96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2098740.13   | 0.15%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Copperleaf Metropolitan District No. 6                                                                                                               | Copperleaf Metropolitan District No. 6, Series 2022 B, GO Bonds                                                                                        | CUSIP: 21765PAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1239369.50   | 0.09%             | 2041-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                        | Wisconsin (State of) Public Finance Authority, Series 2022 B, RB                                                                                       | CUSIP: 74443DHD6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    665000 | PA      | $665587.46    | 0.05%             | 2028-02-01      | Fixed         | 7.00%                 | 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: 74443DHE4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4175000 | PA      | $4175560.29   | 0.30%             | 2039-02-01      | Fixed         | 6.12%                 | 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: 91754TS20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1252164.05   | 0.09%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Uwharrie Charter Academy)                                                                             | Wisconsin (State of) Public Finance Authority (Uwharrie Charter Academy), Series 2022 A, RB                                                            | CUSIP: 74442EJF8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511483.70    | 0.04%             | 2032-06-15      | Fixed         | 4.50%                 | 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        |   5410000 | PA      | $6224441.42   | 0.44%             | 2032-12-01      | Fixed         | 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: 45470ECA1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1865000 | PA      | $1945897.73   | 0.14%             | 2037-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust IV                                                                                                                   | New York Counties Tobacco Trust IV, Series 2010 A, RB                                                                                                  | CUSIP: 62947YAL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2849000 | PA      | $2750463.06   | 0.20%             | 2041-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Bexar County Health Facilities Development Corp. (Army Retirement Residence Foundation)                                                              | Bexar County Health Facilities Development Corp. (Army Retirement Residence Foundation), Series 2018, Ref. RB                                          | CUSIP: 088354GF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1175155.25   | 0.08%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bexar County Health Facilities Development Corp. (Army Retirement Residence Foundation)                                                              | Bexar County Health Facilities Development Corp. (Army Retirement Residence Foundation), Series 2018, Ref. RB                                          | CUSIP: 088354GJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2630000 | PA      | $2673947.30   | 0.19%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds)                                                              | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2022 A-1, RB                                           | CUSIP: 13013JBJ4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  16065000 | PA      | $16419079.03  | 1.17%             | 2028-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (IPS Florida LLC-Idea)                                                                                             | Florida Development Finance Corp. (IPS Florida LLC-Idea), Series 2022, RB                                                                              | CUSIP: 34061VAA4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001678.40   | 0.07%             | 2029-06-15      | 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, RB                                                     | CUSIP: 64542UGJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $210221.32    | 0.01%             | 2027-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arkansas (State of) Development Finance Authority (Green Bonds)                                                                                      | Arkansas (State of) Development Finance Authority (Green Bonds), Series 2022, RB                                                                       | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8033506.40   | 0.57%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Dominion Water & Sanitation District                                                                                                                 | Dominion Water & Sanitation District, Series 2022, Ref. RB                                                                                             | CUSIP: 25755AAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3415000 | PA      | $3514623.06   | 0.25%             | 2032-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dominion Water & Sanitation District                                                                                                                 | Dominion Water & Sanitation District, Series 2022, Ref. RB                                                                                             | CUSIP: 25755AAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1166000 | PA      | $1170658.64   | 0.08%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                        | Wisconsin (State of) Public Finance Authority, Series 2022, RB                                                                                         | CUSIP: 744396HR6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    670000 | PA      | $671375.91    | 0.05%             | 2037-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Social Bonds)                                                                                   | New Hampshire (State of) Business Finance Authority (Social Bonds), Series 2022-2A, RB                                                                 | CUSIP: 63607WAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3828423 | PA      | $3792024.29   | 0.27%             | 2036-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ramsey (City of), MN (Pact Charter School)                                                                                                           | Ramsey (City of), MN (Pact Charter School), Series 2022 A, Ref. RB                                                                                     | CUSIP: 751814AA2<br>LEI: 549300PYUDKBK3S78343 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001743.40   | 0.14%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mulberry Metropolitan District No. 2                                                                                                                 | Mulberry Metropolitan District No. 2, Series 2022, RB                                                                                                  | CUSIP: 62517PAA8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | MUN               | US        |   5787000 | PA      | $6005597.56   | 0.43%             | 2034-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Chandler (City of), AZ Industrial Development Authority (Intel Corp.)                                                                                | Chandler (City of), AZ Industrial Development Authority (Intel Corp.), Series 2022-1, RB                                                               | CUSIP: 158862CA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2032948.60   | 0.14%             | 2027-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority, A Cooperative District (No. 3)                                                                                           | Southeast Energy Authority, A Cooperative District (No. 3), Series 2022 A-1, RB                                                                        | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5374786.50   | 0.38%             | 2029-12-01      | Variable      | 5.50%                 | 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        |   2500000 | PA      | $2643406.25   | 0.19%             | 2028-12-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp.                                                                                                                                       | Tennergy Corp., Series 2022 A, RB                                                                                                                      | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   5950000 | PA      | $6445436.27   | 0.46%             | 2030-12-01      | Variable      | 5.50%                 | 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        |     17000 | NS      | $864358.20    | 0.06%             |  |  |  | No            |                  1 | 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: 66041HHM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $765588.60    | 0.05%             | 2037-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PRHTA Custodial Trust                                                                                                                                | PRHTA Custodial Trust, Series 2023, RB                                                                                                                 | CUSIP: 69378HAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    193390 | PA      | $60402.99     | 0.00%             | 2049-12-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Newman International Academy)                                                                              | Arlington Higher Education Finance Corp. (Newman International Academy), Series 2016, RB                                                               | CUSIP: 041806FU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3835000 | PA      | $3510539.83   | 0.25%             | 2036-08-15      | Fixed         | 5.38%                 | 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        |   4915000 | PA      | $5104426.07   | 0.36%             | 2048-11-15      | Fixed         | 7.00%                 | 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        |   1000000 | PA      | $1057385.80   | 0.08%             | 2051-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Verve Metropolitan District No. 1                                                                                                                    | Verve Metropolitan District No. 1, Series 2023, GO Bonds                                                                                               | CUSIP: 92538YAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2895000 | PA      | $2952987.72   | 0.21%             | 2033-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.)                                       | California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.), Series 2002, RB                        | CUSIP: 13016NBY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115874.86    | 0.01%             | 2042-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Higher Ground Academy)                                                                     | St. Paul (City of), MN Housing & Redevelopment Authority (Higher Ground Academy), Series 2023, Ref. RB                                                 | CUSIP: 852297DS6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    970000 | PA      | $993680.71    | 0.07%             | 2032-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                                                        | Main Street Natural Gas, Inc., Series 2023 B, RB                                                                                                       | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2121987.60   | 0.15%             | 2030-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Resolute Forest Products Inc.                                                                                                                        | Resolute Forest Products Inc.                                                                                                                          | CUSIP: 761CVR042<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6757 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Sienna Hills Public Infrastructure District No. 1                                                                                                    | Sienna Hills Public Infrastructure District No. 1, Series 2023 A, GO Bonds                                                                             | CUSIP: 82621GAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2640171.00   | 0.19%             | 2035-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Whiting (City of), IN (BP Products North America, Inc.)                                                                                              | Whiting (City of), IN (BP Products North America, Inc.), Series 2015, RB                                                                               | CUSIP: 96634RAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056714.60   | 0.08%             | 2031-06-10      | Variable      | 4.40%                 | 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        |   3000000 | PA      | $2988173.10   | 0.21%             | 2028-06-15      | Variable      | 6.25%                 | 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 2022, RB                                                 | CUSIP: 74442PZW8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10299.17     | 0.00%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                                                                                                         | Greater Asheville Regional Airport Authority, Series 2023, RB                                                                                          | CUSIP: 39160CBM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3625000 | PA      | $3743696.28   | 0.27%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Housing Finance Agency (Social Certificates)                                                                                   | California (State of) Housing Finance Agency (Social Certificates), Series 2023-1, RB                                                                  | CUSIP: 13033DAL9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   2441684 | PA      | $2525922.76   | 0.18%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Partnership to Uplift Communities) (Social Bonds)                                                    | California (State of) School Finance Authority (Partnership to Uplift Communities) (Social Bonds), Series 2023, Ref. RB                                | CUSIP: 13058TSD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $641274.37    | 0.05%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Partnership to Uplift Communities) (Social Bonds)                                                    | California (State of) School Finance Authority (Partnership to Uplift Communities) (Social Bonds), Series 2023, Ref. RB                                | CUSIP: 13058TSE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515561.55    | 0.04%             | 2038-08-01      | Fixed         | 5.25%                 | 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: 56678RAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1885114.61   | 0.13%             | 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: 56678RAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $730730.04    | 0.05%             | 2033-07-01      | 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: 041807DU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1888477.31   | 0.13%             | 2033-02-15      | Fixed         | 5.25%                 | 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        |   1022000 | PA      | $778013.85    | 0.06%             | 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        |   3000000 | PA      | $2465838.00   | 0.18%             | 2042-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Boggy Creek Improvement District                                                                                                                     | Boggy Creek Improvement District, Series 2023, Ref. RB                                                                                                 | CUSIP: 097206AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $963146.02    | 0.07%             | 2033-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                                                                                    | Florida Development Finance Corp., Series 2023, RB                                                                                                     | CUSIP: 34061XAF9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3419397.34   | 0.24%             | 2026-07-01      | Variable      | 6.12%                 | 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: 12008EUM6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    525000 | PA      | $524925.66    | 0.04%             | 2043-06-15      | Fixed         | 5.25%                 | 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: 61022DAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $925421.00    | 0.07%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp. (New York Law School)                                                                                                       | Build NYC Resource Corp. (New York Law School), Series 2016, RB                                                                                        | CUSIP: 12008ELJ3<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2366115.33   | 0.17%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Central Vermont Telecommunications District                                                                                                     | East Central Vermont Telecommunications District, Series 2020, RB                                                                                      | CUSIP: 271524AV2<br>LEI: 549300UHVQS0JED3EZ33 | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1469672.91   | 0.10%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Quality Education Academy)                                                                            | Wisconsin (State of) Public Finance Authority (Quality Education Academy), Series 2023, RB                                                             | CUSIP: 744396HZ8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1190925.05   | 0.08%             | 2043-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Riverbend Prep)                                                                         | Pima (County of), AZ Industrial Development Authority (The) (Riverbend Prep), Series 2010, RB                                                          | CUSIP: 72177MMF1<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1886000 | PA      | $1886578.44   | 0.13%             | 2037-09-01      | Fixed         | 7.00%                 | 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: 14054WAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2105453.52   | 0.15%             | 2043-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                                                                                               | Patriots Energy Group Financing Agency, Series 2023 A-1, RB                                                                                            | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2725899.00   | 0.19%             | 2031-08-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Calplant I, LLC                                                                                                                                      | Calplant I, LLC                                                                                                                                        | CUSIP: 13136CAN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    770000 | PA      | $151086.20    | 0.01%             | 2027-02-28      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Indigo)                                                                                               | Wisconsin (State of) Public Finance Authority (Indigo), Series 2023, RB                                                                                | CUSIP: 74447TAB8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4745000 | PA      | $3724756.20   | 0.27%             | 2028-12-01      | None          | 0.00%                 | 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        |   2500000 | PA      | $2627198.50   | 0.19%             | 2040-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing (Baxter Apartments Projects)                                                                                                | Montana Board of Housing (Baxter Apartments Projects), Series 2023, RB                                                                                 | CUSIP: 61212VAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2501566.25   | 0.18%             | 2026-03-01      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Ashland (Town of), MA                                                                                                                                | Ashland (Town of), MA, Series 2022, GO Bonds                                                                                                           | CUSIP: 044357WH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007435.70   | 0.07%             | 2042-08-01      | Fixed         | 4.00%                 | 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: 650116GQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2145094.80   | 0.15%             | 2038-06-30      | Fixed         | 5.50%                 | 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: 650116GR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067792.00   | 0.08%             | 2039-06-30      | Fixed         | 5.50%                 | 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: 650116GS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $924935.64    | 0.07%             | 2040-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                        | Wisconsin (State of) Public Finance Authority, Series 2023 A, Ref. RB                                                                                  | CUSIP: 74442ELJ7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1803621.34   | 0.13%             | 2043-10-01      | 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: 041807FZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3790000 | PA      | $3908224.50   | 0.28%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parker Automotive Metropolitan District                                                                                                              | Parker Automotive Metropolitan District, Series 2023 B, Ref. GO Bonds                                                                                  | CUSIP: 701038AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2236098.52   | 0.16%             | 2037-12-15      | Fixed         | 8.25%                 | 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        |   1000000 | PA      | $1095665.10   | 0.08%             | 2059-09-01      | Fixed         | 7.00%                 | 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 B-3, RB                                                   | CUSIP: 92774NBF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4049319.20   | 0.29%             | 2029-09-01      | Fixed         | 5.38%                 | 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: 190779AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025103.70   | 0.07%             | 2033-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Ivywood Classical Academy                                                                                                                            | Ivywood Classical Academy, Series 2023, RB                                                                                                             | CUSIP: 46604DAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1869717.41   | 0.13%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL Housing Finance Authority (Aria Landings)                                                                                        | Lee (County of), FL Housing Finance Authority (Aria Landings), Series 2023 B, RB                                                                       | CUSIP: 52349HBE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6965000 | PA      | $6963873.76   | 0.50%             | 2026-07-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) GDB Debt Recovery Authority                                                                                            | Puerto Rico (Commonwealth of) GDB Debt Recovery Authority, Series 2023, RB                                                                             | CUSIP: 36829QAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3748040 | PA      | $3633112.35   | 0.26%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Oneida Indian Nation                                                                                                                                 | Oneida Indian Nation, Series 2024 B, RB                                                                                                                | CUSIP: 682504AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2588317.44   | 0.18%             | 2043-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DeKalb (County of), IL Development Authority (The Globe Academy, Inc.)                                                                               | DeKalb (County of), IL Development Authority (The Globe Academy, Inc.), Series 2024 A, RB                                                              | CUSIP: 240463KA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $406322.12    | 0.03%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeKalb (County of), IL Development Authority (The Globe Academy, Inc.)                                                                               | DeKalb (County of), IL Development Authority (The Globe Academy, Inc.), Series 2024 A, RB                                                              | CUSIP: 240463KB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $415214.14    | 0.03%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (KIPP Miami N Campus)                                                                                                        | Capital Trust Authority (KIPP Miami N Campus), Series 2024 A, RB                                                                                       | CUSIP: 14054WAP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $415325.90    | 0.03%             | 2044-06-15      | Fixed         | 5.62%                 | 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        |    596283 | PA      | $593124.49    | 0.04%             | 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        |   4547752 | PA      | $4515641.69   | 0.32%             | 2028-01-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (ACCEL Schools)                                                                                  | Arizona (State of) Industrial Development Authority (ACCEL Schools), Series 2018 A, RB                                                                 | CUSIP: 04052BGG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $617458.81    | 0.04%             | 2028-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AES PUERTO RICO Inc.                                                                                                                                 | AES PUERTO RICO Inc., Pfd.                                                                                                                             | CUSIP: 902DZT000<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |    100023 | NS      | $0.10         | 0.00%             |  |  |  | No            |                  3 | 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        |    478226 | PA      | $490543.76    | 0.03%             | 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        |    300000 | PA      | $307602.24    | 0.02%             | 2043-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Social Certificates)                                                                            | New Hampshire (State of) Business Finance Authority (Social Certificates), Series 2024-1A, RB                                                          | CUSIP: 63607WAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2921858 | PA      | $2920282.28   | 0.21%             | 2041-07-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp.                                                                                                             | Suffolk Regional Off-Track Betting Corp., Series 2024, RB                                                                                              | CUSIP: 86480TAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1649624.48   | 0.12%             | 2034-12-01      | Fixed         | 5.00%                 | 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        |   1500000 | PA      | $1525748.55   | 0.11%             | 2044-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Henry Ford Health System) (Green Bonds)                                                                       | Michigan (State of) Finance Authority (Henry Ford Health System) (Green Bonds), Series 2024, RB                                                        | CUSIP: 59447NAX4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092536.80   | 0.08%             | 2040-02-29      | 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        |   2300000 | PA      | $2337498.05   | 0.17%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District (Develepmont Unit No. 10)                                                                                         | West Villages Improvement District (Develepmont Unit No. 10), Series 2024, RB                                                                          | CUSIP: 956454CL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507508.65    | 0.04%             | 2044-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Conyers (City of), GA (Salem Gate)                                                                                                                   | Conyers (City of), GA (Salem Gate), Series 2024, RB                                                                                                    | CUSIP: 21288AAC0<br>LEI: 549300WNDBTR12BDTR82 | Long             | DBT              | MUN               | US        |   2870000 | PA      | $2891149.32   | 0.21%             | 2036-03-01      | Fixed         | 5.38%                 | 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        |    775000 | PA      | $797023.02    | 0.06%             | 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        |    715000 | PA      | $750624.59    | 0.05%             | 2038-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                                                                                             | Sterling Ranch Community Authority Board, Series 2024 A, Ref. RB                                                                                       | CUSIP: 85950NAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $576433.66    | 0.04%             | 2039-12-01      | Fixed         | 6.12%                 | 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        |    706000 | PA      | $725684.27    | 0.05%             | 2043-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Bethel (City of), MN (Ecumen Obligated Group)                                                                                                        | Bethel (City of), MN (Ecumen Obligated Group), Series 2024, Ref. RB                                                                                    | CUSIP: 08675RAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $766821.45    | 0.05%             | 2034-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bethel (City of), MN (Ecumen Obligated Group)                                                                                                        | Bethel (City of), MN (Ecumen Obligated Group), Series 2024, Ref. RB                                                                                    | CUSIP: 08675RAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1506719.10   | 0.11%             | 2044-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Energy Southeast, A Cooperative District                                                                                                             | Energy Southeast, A Cooperative District, Series 2024 B, RB                                                                                            | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1631792.25   | 0.12%             | 2032-06-01      | Variable      | 5.25%                 | 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        |   1849023 | PA      | $1875074.44   | 0.13%             | 2043-12-01      | Fixed         | 5.62%                 | 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: 19645URE6<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2528812.25   | 0.18%             | 2039-04-01      | Fixed         | 5.25%                 | 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: 51779CAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $413384.00    | 0.03%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority (Kissimmee Charter Academy)                                                                                       | Capital Projects Finance Authority (Kissimmee Charter Academy), Series 2024, RB                                                                        | CUSIP: 14043FAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153991.47    | 0.01%             | 2044-06-15      | Fixed         | 6.12%                 | 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        |   3250000 | PA      | $1056250.00   | 0.08%             | 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        |   2000000 | PA      | $1988739.40   | 0.14%             | 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: 340618DL8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   5505000 | PA      | $4569150.00   | 0.33%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Olympia Public Infrastructure District No. 1                                                                                                         | Olympia Public Infrastructure District No. 1, Series 2024 A-2, RB                                                                                      | CUSIP: 681484AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4036585.20   | 0.29%             | 2029-12-01      | Fixed         | 5.12%                 | 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        |   1315000 | PA      | $1519499.99   | 0.11%             | 2029-05-16      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Oklahoma (County of), OK Finance Authority (Astec)                                                                                                   | Oklahoma (County of), OK Finance Authority (Astec), Series 2024, RB                                                                                    | CUSIP: 67868WAA7<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1215731.28   | 0.09%             | 2034-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oklahoma (County of), OK Finance Authority (Astec)                                                                                                   | Oklahoma (County of), OK Finance Authority (Astec), Series 2024, RB                                                                                    | CUSIP: 67868WAB5<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1464554.40   | 0.10%             | 2044-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX                                                                                                                                | Houston (City of), TX, Series 2011, Ref. RB                                                                                                            | CUSIP: 4423485S3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1245822.07   | 0.09%             | 2030-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds)                                                                                 | Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds), Series 2024-145A, RB                                                             | CUSIP: 70879QWN9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1705916.36   | 0.12%             | 2054-10-01      | Fixed         | 6.00%                 | 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: 041807GX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502414.40   | 0.11%             | 2039-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp.                                                                                                                        | Florida Housing Finance Corp., Series 2024 3, RB                                                                                                       | CUSIP: 34074M4Y4<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1329679.34   | 0.09%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Avimor Community Infrastructure District No. 1 (Assessment Area Five)                                                                                | Avimor Community Infrastructure District No. 1 (Assessment Area Five), Series 2024, RB                                                                 | CUSIP: 05372AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1703000 | PA      | $1754696.10   | 0.13%             | 2053-09-01      | Fixed         | 5.88%                 | 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        |   5000000 | PA      | $4345103.50   | 0.31%             | 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: 82652UAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1666879.65   | 0.12%             | 2034-06-01      | Fixed         | 5.25%                 | 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: 82652UAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1456166.55   | 0.10%             | 2044-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| North Dakota (State of) Housing Finance Agency (Social Bonds)                                                                                        | North Dakota (State of) Housing Finance Agency (Social Bonds), Series 2024 C, RB                                                                       | CUSIP: 6589098C3<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    965000 | PA      | $1075299.50   | 0.08%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                                                        | Main Street Natural Gas, Inc., Series 2024 C, RB                                                                                                       | CUSIP: 56035DHT2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2153592.00   | 0.15%             | 2031-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Dickson Hollow Phase II)                                                             | Wisconsin (State of) Health & Educational Facilities Authority (Dickson Hollow Phase II), Series 2024, RB                                              | CUSIP: 97712JJU8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    300000 | PA      | $316172.85    | 0.02%             | 2044-10-01      | 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 2024, RB                                                          | CUSIP: 041807JT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1517940.52   | 0.11%             | 2044-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.)                                                                         | Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.), Series 2024, RB                                                          | CUSIP: 041807JU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1662488.39   | 0.12%             | 2049-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL Industrial Development Authority (Shell Point Obligated Group)                                                                   | Lee (County of), FL Industrial Development Authority (Shell Point Obligated Group), Series 2024 B-3, RB                                                | CUSIP: 52349EET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1506948.60   | 0.11%             | 2029-11-15      | Fixed         | 4.12%                 | 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: 14054WAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3076410.30   | 0.22%             | 2040-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Parrish Lakes Community Development District                                                                                                         | Parrish Lakes Community Development District, Series 2024, RB                                                                                          | CUSIP: 70183FAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $871313.47    | 0.06%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Riverpark Metropolitan District (County of Arapahoe)                                                                                                 | Riverpark Metropolitan District (County of Arapahoe), Series 2024, GO Bonds                                                                            | CUSIP: 76883BAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1936194.81   | 0.14%             | 2042-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lakes of Sarasota Community Development District                                                                                                     | Lakes of Sarasota Community Development District, Series 2024 B, RB                                                                                    | CUSIP: 51206YAU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2320000 | PA      | $2386677.96   | 0.17%             | 2034-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Rans-Elevon)                                                                                          | Wisconsin (State of) Public Finance Authority (Rans-Elevon), Series 2024, RB                                                                           | CUSIP: 74442PD51<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1761957 | PA      | $1765325.92   | 0.13%             | 2030-07-15      | Fixed         | 5.00%                 | 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: 8371514S5<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2437496.33   | 0.17%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Rans-Bridgewater)                                                                                     | Wisconsin (State of) Public Finance Authority (Rans-Bridgewater), Series 2024, RB                                                                      | CUSIP: 74442PD69<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4191072 | PA      | $4199379.19   | 0.30%             | 2030-12-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority (The) (Westside Gulch Area)                                                                                            | Atlanta Development Authority (The) (Westside Gulch Area), Series 2024 A, RB                                                                           | CUSIP: 04780NMW4<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1784991.08   | 0.13%             | 2034-04-01      | Fixed         | 5.00%                 | 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        |   1000000 | PA      | $1042419.50   | 0.07%             | 2034-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority (Navigator Academy of Leadership Obligated Group)                                                                 | Capital Projects Finance Authority (Navigator Academy of Leadership Obligated Group), Series 2024, Ref. RB                                             | CUSIP: 14043FAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1672958.14   | 0.12%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Creekview Community Development District (Phase 2)                                                                                                   | Creekview Community Development District (Phase 2), Series 2024, RB                                                                                    | CUSIP: 225514AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2005123.83   | 0.14%             | 2044-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Orange (County of), FL Health Facilities Authority (Presbyterian Retirement Communities Obligated Group)                                             | Orange (County of), FL Health Facilities Authority (Presbyterian Retirement Communities Obligated Group), Series 2024, Ref. RB                         | CUSIP: 68450LJB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1909610.58   | 0.14%             | 2047-08-01      | 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: 92708KAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $963337.31    | 0.07%             | 2044-05-01      | Fixed         | 4.55%                 | 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: 92708KAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1487866.91   | 0.11%             | 2039-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Laredo (City of), TX                                                                                                                                 | Laredo (City of), TX, Series 2024, RB                                                                                                                  | CUSIP: 517039C43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084809.30   | 0.08%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Middleton Community Development District A                                                                                                           | Middleton Community Development District A, Series 2024, RB                                                                                            | CUSIP: 596681AG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $741206.71    | 0.05%             | 2034-05-01      | Fixed         | 4.00%                 | 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: 14054WBE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1481875.71   | 0.11%             | 2039-07-01      | 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: 14054WBF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1077817.10   | 0.08%             | 2044-07-01      | Fixed         | 5.00%                 | 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: 74442ELS7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    795000 | PA      | $823253.90    | 0.06%             | 2034-12-15      | Fixed         | 5.00%                 | 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: 74442ELT5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    700000 | PA      | $704178.23    | 0.05%             | 2039-12-15      | Fixed         | 5.00%                 | 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: 82652UAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1772941.02   | 0.13%             | 2034-06-15      | 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: 967249RL9<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005282.40   | 0.14%             | 2039-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wichita (City of), KS (Presbyterian Manors, Inc.)                                                                                                    | Wichita (City of), KS (Presbyterian Manors, Inc.), Series 2024 VIII, Ref. RB                                                                           | CUSIP: 967249RM7<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1951213.00   | 0.14%             | 2045-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Morrow (Port of), OR (Bonneville Cooperation Project No. 4)                                                                                          | Morrow (Port of), OR (Bonneville Cooperation Project No. 4), Series 2024 A, GO Bonds                                                                   | CUSIP: 73473RFG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000477.00   | 0.36%             | 2026-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (GFL Solid Waste Southeast LLC)                                                                                    | Florida Development Finance Corp. (GFL Solid Waste Southeast LLC), Series 2024, RB                                                                     | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2536727.25   | 0.18%             | 2031-10-01      | Variable      | 4.38%                 | 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        |   1500000 | PA      | $1396603.35   | 0.10%             | 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: 440365JN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1099669.34   | 0.08%             | 2044-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                                                 | Chicago (City of), IL (O'Hare International Airport), Series 2024 C, Ref. RB                                                                           | CUSIP: 1675936B3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1818412.65   | 0.13%             | 2043-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (Montefiore Obligated Group)                                                                                 | New York (State of) Dormitory Authority (Montefiore Obligated Group), Series 2024, RB                                                                  | CUSIP: 65000B8Q4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1580194.65   | 0.11%             | 2043-11-01      | Fixed         | 5.25%                 | 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: 74443DLB5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252331.08    | 0.02%             | 2039-06-15      | Fixed         | 5.38%                 | 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: 74443DLC3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    400000 | PA      | $398801.76    | 0.03%             | 2044-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Florida (State of) Municipal Loan Council (Shingle Creek Transit & Utility Community Development District)                                           | Florida (State of) Municipal Loan Council (Shingle Creek Transit & Utility Community Development District), Series 2024, RB                            | CUSIP: 34281UAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $413798.87    | 0.03%             | 2044-05-01      | Fixed         | 5.15%                 | 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: 83704HAL1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1431066.70   | 0.10%             | 2044-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Town of Scarborough - The Downs)                                                                      | Wisconsin (State of) Public Finance Authority (Town of Scarborough - The Downs), Series 2024, RB                                                       | CUSIP: 74446FAD5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1577094.93   | 0.11%             | 2039-08-01      | Fixed         | 5.00%                 | 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        |   5000000 | PA      | $5056302.50   | 0.36%             | 2053-12-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Huron Academy)                                                                                                | Michigan (State of) Finance Authority (Huron Academy), Series 2024, Ref. RB                                                                            | CUSIP: 594479JT5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2343380.07   | 0.17%             | 2034-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District (Palm Grove)                                                                                                     | Lakewood Ranch Stewardship District (Palm Grove), Series 2024, RB                                                                                      | CUSIP: 51265KFX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $548954.98    | 0.04%             | 2031-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Academir Charter Schools, Inc.)                                                                                             | Capital Trust Authority (Academir Charter Schools, Inc.), Series 2024, Ref. RB                                                                         | CUSIP: 14054WBK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1845195.80   | 0.13%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Celina (City of), TX (Mosaic Public Improvement District Improvement Area No. 2)                                                                     | Celina (City of), TX (Mosaic Public Improvement District Improvement Area No. 2), Series 2024, RB                                                      | CUSIP: 15114CJT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1273124.75   | 0.09%             | 2044-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                                                 | Babcock Ranch Community Independent Special District, Series 2024, RB                                                                                  | CUSIP: 05616KBU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502509.90    | 0.04%             | 2044-05-01      | Fixed         | 5.00%                 | 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: 18610RCD4<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036150.00   | 0.07%             | 2034-01-01      | Fixed         | 5.25%                 | 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: 83704MEK8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2790000 | PA      | $2652018.88   | 0.19%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds)                                                              | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB                                               | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5250992.00   | 0.37%             | 2032-08-01      | Variable      | 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, RB                                                                                            | CUSIP: 922687AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $901727.82    | 0.06%             | 2030-01-01      | Fixed         | 4.25%                 | 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        |   7500000 | PA      | $4219002.75   | 0.30%             | 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: 114224AP3<br>LEI: 549300SRSB2KMQNYBB75 | Long             | DBT              | MUN               | US        |   2835000 | PA      | $2669520.20   | 0.19%             | 2044-06-15      | Fixed         | 5.00%                 | 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        |   3000000 | PA      | $2034164.70   | 0.14%             | 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        |   5000000 | PA      | $2305069.00   | 0.16%             | 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: 46246JNQ4<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1355407.07   | 0.10%             | 2027-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX                                                                                                                                | Houston (City of), TX, Series 2024 B, RB                                                                                                               | CUSIP: 442349HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092184.30   | 0.08%             | 2036-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Travis County Development Authority (Longview 71 Public Improvement District Improvement Area No. 1)                                                 | Travis County Development Authority (Longview 71 Public Improvement District Improvement Area No. 1), Series 2024, RB                                  | CUSIP: 89441AAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    474000 | PA      | $476153.15    | 0.03%             | 2032-09-01      | Fixed         | 4.25%                 | 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: 74442EMD9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    750000 | PA      | $695692.13    | 0.05%             | 2039-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Christwood)                                        | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Christwood), Series 2024, Ref. RB                    | CUSIP: 54628C2X9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    940000 | PA      | $945304.42    | 0.07%             | 2030-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Christwood)                                        | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Christwood), Series 2024, Ref. RB                    | CUSIP: 54628C2Y7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1966526.98   | 0.14%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waterford Township Economic Development Corp.                                                                                                        | Waterford Township Economic Development Corp., Series 2016 A, RB                                                                                       | CUSIP: 941ESCAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $218540.00    | 0.02%             | 2026-07-01      | Fixed         | 0.00%                 | 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: 83704MEN2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1357058.87   | 0.10%             | 2035-06-15      | Fixed         | 6.00%                 | 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: 83704MEP7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1382380.31   | 0.10%             | 2045-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Peaks Public Infrastructure District (Peaks Assessment Area)                                                                                         | Peaks Public Infrastructure District (Peaks Assessment Area), Series 2024, RB                                                                          | CUSIP: 70470HAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1396726.28   | 0.10%             | 2053-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Plato Academy Schools)                                                                                                      | Capital Trust Authority (Plato Academy Schools), Series 2024, RB                                                                                       | CUSIP: 14054UAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2855041.20   | 0.20%             | 2044-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                                                                                                 | Mida Mountain Village Public Infrastructure District, Series 2024-2, RB                                                                                | CUSIP: 59561UAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2309258.03   | 0.16%             | 2039-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Travis County Development Authority (Turner's Crossing Public Improvement District Improvement Area No. 1)                                           | Travis County Development Authority (Turner's Crossing Public Improvement District Improvement Area No. 1), Series 2025, RB                            | CUSIP: 89441ABA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $695772.07    | 0.05%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Travis County Development Authority (Turner's Crossing Public Improvement District Improvement Area No. 1)                                           | Travis County Development Authority (Turner's Crossing Public Improvement District Improvement Area No. 1), Series 2025, RB                            | CUSIP: 89441ABB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1158317.00   | 0.08%             | 2054-09-01      | Fixed         | 5.25%                 | 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        |   1699085 | PA      | $1466977.42   | 0.10%             | 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        |   2000000 | PA      | $650000.00    | 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        |  10000000 | PA      | $7020354.00   | 0.50%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Emerson College)                                                                         | Massachusetts (Commonwealth of) Development Finance Agency (Emerson College), Series 2025, Ref. RB                                                     | CUSIP: 57585BDU9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1132786.85   | 0.08%             | 2040-01-01      | 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: 13051EAF7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022351.50   | 0.07%             | 2038-01-01      | Fixed         | 5.00%                 | 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: 13051EAG5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507119.00    | 0.04%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| V-Dana Community Development District (Assessment Area Two - 2025 Project Area)                                                                      | V-Dana Community Development District (Assessment Area Two - 2025 Project Area), Series 2025, RB                                                       | CUSIP: 91822RAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $883589.18    | 0.06%             | 2045-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| V-Dana Community Development District (Assessment Area Two - 2025 Project Area)                                                                      | V-Dana Community Development District (Assessment Area Two - 2025 Project Area), Series 2025, RB                                                       | CUSIP: 91822RAP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1257820.38   | 0.09%             | 2055-05-01      | Fixed         | 5.55%                 | 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        |   1000000 | PA      | $1100965.70   | 0.08%             | 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        |   4000000 | PA      | $2497445.20   | 0.18%             | 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        |   5000000 | PA      | $3094563.00   | 0.22%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Decatur (City of), TX (Paloma Trails Public Improvement District Area No. 1)                                                                         | Decatur (City of), TX (Paloma Trails Public Improvement District Area No. 1), Series 2025, RB                                                          | CUSIP: 243340AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $567039.14    | 0.04%             | 2045-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Crandall (City of), TX (River Ridge Public Improvement Disctrict Improvement Area #3)                                                                | Crandall (City of), TX (River Ridge Public Improvement Disctrict Improvement Area #3), Series 2025, RB                                                 | CUSIP: 224384AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $542807.03    | 0.04%             | 2045-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Providence Village (Town of), TX (Foree Ranch Public Improvement District Improvement Area No. 2)                                                    | Providence Village (Town of), TX (Foree Ranch Public Improvement District Improvement Area No. 2), Series 2025, RB                                     | CUSIP: 743816AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $751619.25    | 0.05%             | 2045-09-01      | Fixed         | 5.35%                 | 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        |   6000000 | PA      | $4500000.00   | 0.32%             | 2026-06-15      | Variable      | 10.00%                | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                                                                                             | Arizona Industrial Development Authority, Series 2025, RB                                                                                              | CUSIP: 04052BTS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998882.20    | 0.07%             | 2035-07-01      | Variable      | 4.88%                 | 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        |   4500000 | PA      | $4500085.95   | 0.32%             | 2042-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (St.Johns Classical Academy, Inc.)                                                                                           | Capital Trust Authority (St.Johns Classical Academy, Inc.), Series 2025, Ref. RB                                                                       | CUSIP: 14054WBP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $789520.17    | 0.06%             | 2040-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Housing Finance Agency (Haven's Edge Apartments)                                                                                     | Ohio (State of) Housing Finance Agency (Haven's Edge Apartments), Series 2025, RB                                                                      | CUSIP: 676900XN8<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1243332.60   | 0.09%             | 2043-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Aubrey (City of), TX                                                                                                                                 | Aubrey (City of), TX, Series 2025, RB                                                                                                                  | CUSIP: 050197BV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508721.85    | 0.04%             | 2035-12-31      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Reno (City of), NV                                                                                                                                   | Reno (City of), NV, Series 2025, RB                                                                                                                    | CUSIP: 759865CD8<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |    825000 | PA      | $847105.22    | 0.06%             | 2041-06-01      | Fixed         | 5.00%                 | 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, RB                                           | CUSIP: 87638QTJ8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10729967.00  | 0.76%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Midtown Metropoltan District                                                                                                                         | Midtown Metropoltan District, Series 2022 A-1, Ref. GO Bonds                                                                                           | CUSIP: 598072AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000033.60   | 0.07%             | 2033-12-01      | Fixed         | 6.75%                 | 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        |   7745000 | PA      | $7755541.72   | 0.55%             | 2045-06-01      | Fixed         | 6.38%                 | 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        |   5000000 | PA      | $5202555.00   | 0.37%             | 2045-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Forefront Living - Bella Vida)                                                                 | New Hope Cultural Education Facilities Finance Corp. (Forefront Living - Bella Vida), Series 2025, Ref. RB                                             | CUSIP: 64542UHK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3008673.90   | 0.21%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Celina (City of), TX                                                                                                                                 | Celina (City of), TX, Series 2025, RB                                                                                                                  | CUSIP: 15114CKU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497849.85    | 0.04%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (KSU Bixby Real Estate Foundation, LLC )                                                               | Wisconsin (State of) Public Finance Authority (KSU Bixby Real Estate Foundation, LLC ), Series 2025, RB                                                | CUSIP: 74439YFY2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    550000 | PA      | $564358.36    | 0.04%             | 2045-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ranches at Lake Mcleod Community Development District (Assessment Area Two)                                                                          | Ranches at Lake Mcleod Community Development District (Assessment Area Two), Series 2025, RB                                                           | CUSIP: 752041AF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $608986.26    | 0.04%             | 2045-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Madeira Community Development District (Assessment Area No.2 )                                                                                       | Madeira Community Development District (Assessment Area No.2 ), Series 2025, RB                                                                        | CUSIP: 556344AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $879795.74    | 0.06%             | 2035-05-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Lowery Hills Community Development District (Assessment Area One)                                                                                    | Lowery Hills Community Development District (Assessment Area One), Series 2025, RB                                                                     | CUSIP: 548652AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $729914.99    | 0.05%             | 2045-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Princeton (City of), TX                                                                                                                              | Princeton (City of), TX, Series 2025, RB                                                                                                               | CUSIP: 742400DA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $424871.33    | 0.03%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Princeton (City of), TX                                                                                                                              | Princeton (City of), TX, Series 2025, RB                                                                                                               | CUSIP: 742400DE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502946.75    | 0.04%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Bastrop (City of), TX                                                                                                                                | Bastrop (City of), TX, Series 2025, RB                                                                                                                 | CUSIP: 070341AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504846.25    | 0.04%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                                                                            | Indiana Finance Authority, Series 2025, RB                                                                                                             | CUSIP: 45471FBF7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1914579.14   | 0.14%             | 2040-07-01      | 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: 14054WBT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1258407.75   | 0.09%             | 2040-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency                                                                                           | Massachusetts (Commonwealth of) Development Finance Agency, Series 2025, RB                                                                            | CUSIP: 57585BJR0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4198105.60   | 0.30%             | 2040-07-01      | Fixed         | 5.00%                 | 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: 74439YGF2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    350000 | PA      | $355908.11    | 0.03%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority (Millenia Orlando)                                                                                                | Capital Projects Finance Authority (Millenia Orlando), Series 2025 A, RB                                                                               | CUSIP: 14043HAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2331696.38   | 0.17%             | 2035-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority (Millenia Orlando)                                                                                                | Capital Projects Finance Authority (Millenia Orlando), Series 2025 A, RB                                                                               | CUSIP: 14043HAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4310000 | PA      | $4471215.12   | 0.32%             | 2040-01-01      | Fixed         | 6.38%                 | 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: 57585BJW9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5475000 | PA      | $5921596.30   | 0.42%             | 2041-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Parterre Metropolitan District No. 5                                                                                                                 | Parterre Metropolitan District No. 5, Series 2025 A, GO Bonds                                                                                          | CUSIP: 70211AAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $939125.80    | 0.07%             | 2035-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Advantage Academy of Hillsborough)                                                                                       | Capital Trust Agency, Inc. (Advantage Academy of Hillsborough), Series 2019, RB                                                                        | CUSIP: 14054CBY4<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    330000 | PA      | $331056.99    | 0.02%             | 2029-12-15      | Fixed         | 5.00%                 | 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: 24918EEM8<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $510399.40    | 0.04%             | 2045-12-01      | Fixed         | 5.00%                 | 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        |   1500000 | PA      | $1730993.70   | 0.12%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Gas Worx Community Development District                                                                                                              | Gas Worx Community Development District, Series 2025, RB                                                                                               | CUSIP: 367200AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027250.60   | 0.07%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Economic Development Authority  (Commercial Metals Co.)                                                                     | West Virginia (State of) Economic Development Authority  (Commercial Metals Co.), Series 2025, RB                                                      | CUSIP: 95648VBV0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5078444.00   | 0.36%             | 2032-05-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| Boyd (City of), TX                                                                                                                                   | Boyd (City of), TX, Series 2025, RB                                                                                                                    | CUSIP: 103341AE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $720494.60    | 0.05%             | 2045-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (California Baptist University)                                                    | California (State of) Statewide Communities Development Authority (California Baptist University), Series 2025, Ref. RB                                | CUSIP: 13048V3E6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1716792.50   | 0.12%             | 2040-11-01      | Fixed         | 5.12%                 | 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        |   1500000 | PA      | $1493038.35   | 0.11%             | 2046-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp. (Green Bonds)                                                                                                     | Mission Economic Development Corp. (Green Bonds), Series 2025, RB                                                                                      | CUSIP: 605155BW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2209132.15   | 0.16%             | 2030-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle Industrial Development Corp. (Delta Airlines)                                                                                        | Port of Seattle Industrial Development Corp. (Delta Airlines), Series 2012, Ref. RB                                                                    | CUSIP: 735385AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6475000 | PA      | $6476424.50   | 0.46%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Higher Educational Facility Commission (John Carroll University)                                                                     | Ohio (State of) Higher Educational Facility Commission (John Carroll University), Series 2025, RB                                                      | CUSIP: 67756DY34<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   3425000 | PA      | $3453692.60   | 0.25%             | 2045-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Oregon (State of) Facilities Authority                                                                                                               | Oregon (State of) Facilities Authority, Series 2025, Ref. RB                                                                                           | CUSIP: 68607AAN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $275945.70    | 0.02%             | 2035-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Oregon (State of) Facilities Authority                                                                                                               | Oregon (State of) Facilities Authority, Series 2025, Ref. RB                                                                                           | CUSIP: 68607AAP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $476975.53    | 0.03%             | 2045-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Brainerd (City of), MN                                                                                                                               | Brainerd (City of), MN, Series 2025, RB                                                                                                                | CUSIP: 10501DAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4727762.90   | 0.34%             | 2045-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Northridge Community Development District                                                                                                            | Northridge Community Development District, Series 2025, RB                                                                                             | CUSIP: 66668PAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1797688.55   | 0.13%             | 2045-05-01      | Fixed         | 5.75%                 | 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        |   4973588 | PA      | $4663768.45   | 0.33%             | 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: 93978LJL1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2795175.35   | 0.20%             | 2045-07-01      | Fixed         | 5.00%                 | 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        |    967346 | PA      | $0.00         | 0.00%             | 2058-01-01      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Montana (State of) Facility Finance Authority (Franklin School Apartments)                                                                           | Montana (State of) Facility Finance Authority (Franklin School Apartments), Series 2025, RB                                                            | CUSIP: 61212VAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2506134.50   | 0.18%             | 2026-12-01      | Variable      | 5.15%                 | 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        |   1225000 | PA      | $668279.89    | 0.05%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rivers Edge III Community Development District                                                                                                       | Rivers Edge III Community Development District, Series 2025, RB                                                                                        | CUSIP: 76882NAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $465817.95    | 0.03%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tompkins County Development Corp. (Ithaca College)                                                                                                   | Tompkins County Development Corp. (Ithaca College), Series 2015, RB                                                                                    | CUSIP: 890096CB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750918.00    | 0.05%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Louis County Industrial Development Authority                                                                                                     | St Louis County Industrial Development Authority, Series 2017, RB                                                                                      | CUSIP: 791524CD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1206987.52   | 0.09%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seagoville (City of), TX                                                                                                                             | Seagoville (City of), TX, Series 2025, RB                                                                                                              | CUSIP: 811829AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $665605.56    | 0.05%             | 2035-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                             | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74442PQ32<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5110000 | PA      | $3086160.99   | 0.22%             | 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: 73058EAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5687756.25   | 0.41%             | 2045-03-01      | Fixed         | 5.88%                 | 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        |   2000000 | PA      | $2028592.00   | 0.14%             | 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        |   5000000 | PA      | $1760109.50   | 0.13%             | 2039-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Higher Educational Facility Commission                                                                                               | Ohio (State of) Higher Educational Facility Commission, Series 2016, RB                                                                                | CUSIP: 67756DLX2<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007487.00   | 0.07%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Legacy Midtown Park)                                                                           | New Hope Cultural Education Facilities Finance Corp. (Legacy Midtown Park), Series 2025, RB                                                            | CUSIP: 64542UHL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009464.70   | 0.07%             | 2032-07-01      | 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: 60636AXV0<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3008934.90   | 0.21%             | 2045-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lavon (City of), TX (Trails of Lavon Public Improvements District Projetcs)                                                                          | Lavon (City of), TX (Trails of Lavon Public Improvements District Projetcs), Series 2025, RB                                                           | CUSIP: 51946PCK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $903593.95    | 0.06%             | 2045-09-15      | Fixed         | 5.75%                 | 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: 82652UBE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5270000 | PA      | $5374982.09   | 0.38%             | 2045-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Florida Local Government Finance Commission (Bridgeprep Academy)                                                                                     | Florida Local Government Finance Commission (Bridgeprep Academy), Series 2025, RB                                                                      | CUSIP: 34077EAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2063708.40   | 0.15%             | 2040-06-15      | Fixed         | 5.50%                 | 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: 21657FAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2050090.00   | 0.15%             | 2047-06-15      | 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        |   1100000 | PA      | $1108246.70   | 0.08%             | 2030-07-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority (Liberty Assisted Living Springfield)                                                                        | Dayton-Montgomery County Port Authority (Liberty Assisted Living Springfield), Series 2025, RB                                                         | CUSIP: 23982CAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3640000 | PA      | $3789916.68   | 0.27%             | 2045-01-01      | Fixed         | 6.62%                 | 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: 13057TAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049757.90   | 0.07%             | 2035-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities)                                                                | Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities), Series 2025, RB                                                 | CUSIP: 16080TAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1709844.65   | 0.12%             | 2045-10-01      | Fixed         | 5.88%                 | 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: 63607EAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1517937.15   | 0.11%             | 2040-08-01      | Fixed         | 5.12%                 | 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: 041807PU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2035182.60   | 0.15%             | 2045-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp.                                                                                                           | Westchester County Local Development Corp., Series 2025, RB                                                                                            | CUSIP: 95737TFV3<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   4150000 | PA      | $4366048.17   | 0.31%             | 2030-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                                                                                              | Capital Trust Authority, Series 2025, RB                                                                                                               | CUSIP: 14054WCF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1810776.83   | 0.13%             | 2040-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Carlton MN                                                                                                                                   | City of Carlton MN, Series 2025, RB                                                                                                                    | CUSIP: 143042AS8<br>LEI: 549300S30ZB4R65LL490 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1043721.97   | 0.07%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Carlton MN                                                                                                                                   | City of Carlton MN, Series 2025, RB                                                                                                                    | CUSIP: 143042AT6<br>LEI: 549300S30ZB4R65LL490 | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2491443.51   | 0.18%             | 2045-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| City of Garden City KS                                                                                                                               | City of Garden City KS, Series 2025, RB                                                                                                                | CUSIP: 36508AAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4551960.60   | 0.32%             | 2039-06-01      | Fixed         | 5.38%                 | 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        |   1000000 | PA      | $1025343.10   | 0.07%             | 2045-01-01      | Fixed         | 6.25%                 | 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        |   1000000 | PA      | $1025343.10   | 0.07%             | 2045-01-01      | Fixed         | 6.25%                 | 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        |   1000000 | PA      | $1025343.10   | 0.07%             | 2045-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                             | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 744396KR2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $497780.20    | 0.04%             | 2055-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                                                                                                | County of Hamilton OH, Series 2025, RB                                                                                                                 | CUSIP: 40727RDC9<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    525000 | PA      | $548835.58    | 0.04%             | 2041-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                                                                                                | County of Hamilton OH, Series 2025, RB                                                                                                                 | CUSIP: 40727RDF2<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1058318.00   | 0.08%             | 2044-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                                                                                         | Savannah Georgia Convention Center Authority, Series 2025, RB                                                                                          | CUSIP: 804828AS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $660892.20    | 0.05%             | 2041-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                                                                                         | Savannah Georgia Convention Center Authority, Series 2025, RB                                                                                          | CUSIP: 804828AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $755658.26    | 0.05%             | 2043-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                                                                                         | Savannah Georgia Convention Center Authority, Series 2025, RB                                                                                          | CUSIP: 804828AW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $813757.50    | 0.06%             | 2045-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Parish of St. James LA                                                                                                                               | Parish of St. James LA, Series 2011, RB                                                                                                                | CUSIP: 790103AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1516474.80   | 0.11%             | 2030-06-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Cypress Reserve Community Development District                                                                                                       | Cypress Reserve Community Development District, Series 2025, RB                                                                                        | CUSIP: 23280AAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1643283.04   | 0.12%             | 2045-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                                                                                | Metropolitan Transportation Authority, Series 2025, RB                                                                                                 | CUSIP: 59261A6D4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1724372.64   | 0.12%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                             | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74442PR72<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    545000 | PA      | $554184.45    | 0.04%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                             | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74442PR80<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    825000 | PA      | $839510.43    | 0.06%             | 2045-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Cook County School District No 102 La Grange                                                                                                         | Cook County School District No 102 La Grange, Series 2025, GO Bonds                                                                                    | CUSIP: 214435NQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1442578.64   | 0.10%             | 2044-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Okaloosa FL                                                                                                                                | County of Okaloosa FL, Series 2025, RB                                                                                                                 | CUSIP: 678226AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $650258.36    | 0.05%             | 2035-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                                                                               | North Carolina Medical Care Commission, Series 2025, RB                                                                                                | CUSIP: 65820YUM6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    810000 | PA      | $820571.72    | 0.06%             | 2045-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Knoxville Industrial Development Board                                                                                                               | Knoxville Industrial Development Board, Series 2025, RB                                                                                                | CUSIP: 499790AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1987783.60   | 0.14%             | 2030-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                                                                                               | Iowa Finance Authority, Series 2025, RB                                                                                                                | CUSIP: 46247CCZ0<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    750000 | PA      | $757767.00    | 0.05%             | 2035-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                             | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74443DMH1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1810083.44   | 0.13%             | 2035-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                                                                    | State of Illinois, Series 2025, GO Bonds                                                                                                               | CUSIP: 452153PP8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2607206.25   | 0.19%             | 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        |   1100000 | PA      | $449464.29    | 0.03%             | 2039-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North East Texas Regional Mobility Authority                                                                                                         | North East Texas Regional Mobility Authority, Series 2025, RB                                                                                          | CUSIP: 659231BT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $829252.95    | 0.06%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North East Texas Regional Mobility Authority                                                                                                         | North East Texas Regional Mobility Authority, Series 2025, RB                                                                                          | CUSIP: 659231BU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $708025.63    | 0.05%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                                                                                               | Tempe Industrial Development Authority, Series 2025, RB                                                                                                | CUSIP: 87972MBX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1191786.07   | 0.08%             | 2036-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                                                                                               | Tempe Industrial Development Authority, Series 2025, RB                                                                                                | CUSIP: 87972MBY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502139.35    | 0.04%             | 2046-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                                                                                             | Build NYC Resource Corp., Series 2025, RB                                                                                                              | CUSIP: 12008EWU6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1984605.80   | 0.14%             | 2045-10-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                                                                                                 | Chicago Midway International Airport, Series 2025, RB                                                                                                  | CUSIP: 167562VR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2180671.20   | 0.16%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                                                                                        | Delaware State Economic Development Authority, Series 2020, RB                                                                                         | CUSIP: 246387SY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2536667.00   | 0.18%             | 2035-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Shakopee MN Senior Housing Revenue                                                                                                           | City of Shakopee MN Senior Housing Revenue, Series 2025, RB                                                                                            | CUSIP: 81919TAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1816377.48   | 0.13%             | 2040-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                                                                                        | Delaware State Economic Development Authority, Series 2020, RB                                                                                         | CUSIP: 246387SZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1724933.56   | 0.12%             | 2035-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                                                                                          | Washington Health Care Facilities Authority, Series 2025, RB                                                                                           | CUSIP: 93978HF34<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056807.10   | 0.08%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                                                                                          | Washington Health Care Facilities Authority, Series 2025, RB                                                                                           | CUSIP: 93978HF42<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1991069.09   | 0.14%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MBS International Airport Revenue                                                                                                                    | MBS International Airport Revenue, Series 2025, RB                                                                                                     | CUSIP: 57888DAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064980.00   | 0.08%             | 2040-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MBS International Airport Revenue                                                                                                                    | MBS International Airport Revenue, Series 2025, RB                                                                                                     | CUSIP: 57888DAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1045186.99   | 0.07%             | 2045-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                                                                                       | Wayne County Airport Authority, Series 2025, RB                                                                                                        | CUSIP: 9445142F4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2164465.80   | 0.15%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                                                                                       | New Jersey Transportation Trust Fund Authority, Series 2025, RB                                                                                        | CUSIP: 64613CHM3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5395204.00   | 0.38%             | 2043-06-15      | 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        |       122 | NS      | $1216200.00   | 0.09%             |  |  |  | No            |                  3 | On Loan: No      |
| Village Community Development District No 16                                                                                                         | Village Community Development District No 16, Series 2025, RB                                                                                          | CUSIP: 92708MAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011338.60   | 0.07%             | 2040-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 16                                                                                                         | Village Community Development District No 16, Series 2025, RB                                                                                          | CUSIP: 92708MAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700578.41    | 0.05%             | 2045-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AM BIDCO HOLDINGS LLC                                                                                                                                | AM BIDCO HOLDINGS LLC                                                                                                                                  | CUSIP: 00169UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2161851 | PA      | $2161850.86   | 0.15%             | 2027-10-21      | Floating      | 3.86%                 | No            |                  3 | On Loan: No      |
| Public Finance Authority                                                                                                                             | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74442PS63<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  26000000 | PA      | $8906687.40   | 0.63%             | 2039-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                                                                                           | Chicago Board of Education, Series 2025, GO Bonds                                                                                                      | CUSIP: 167505A30<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2413495.00   | 0.17%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                                                                                                            | Glendale Industrial Development Authority, Series 2025, RB                                                                                             | CUSIP: 378286LZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1720782.70   | 0.12%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                                                                                   | South Carolina Jobs-Economic Development Authority, Series 2025, RB                                                                                    | CUSIP: 837033KX6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009587.80   | 0.07%             | 2045-12-01      | Fixed         | 5.50%                 | 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        |   2000000 | PA      | $2000923.20   | 0.14%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ave Maria Stewardship Community District                                                                                                             | Ave Maria Stewardship Community District, Series 2025, RB                                                                                              | CUSIP: 05355ACA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1216642.92   | 0.09%             | 2045-05-01      | Fixed         | 5.30%                 | 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        |   1000000 | PA      | $1077632.60   | 0.08%             | 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        |   1000000 | PA      | $1071453.00   | 0.08%             | 2035-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                                                                                             | New Hampshire Business Finance Authority, Series 2025, RB                                                                                              | CUSIP: 63608TBA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7700000 | PA      | $3916151.47   | 0.28%             | 2035-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                                                                                   | South Carolina Jobs-Economic Development Authority, Series 2025, RB                                                                                    | CUSIP: 837036HF2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    850000 | PA      | $854967.32    | 0.06%             | 2045-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                                                                                | Louisiana Public Facilities Authority, Series 2025, RB                                                                                                 | CUSIP: 54640TAN9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5001238.00   | 0.36%             | 2028-10-02      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                                                          | Washington State Housing Finance Commission, Series 2025, RB                                                                                           | CUSIP: 939783Z33<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2986070.10   | 0.21%             | 2046-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                             | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 744396KV3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    505000 | PA      | $498842.69    | 0.04%             | 2045-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                                                                                  | Wisconsin Health & Educational Facilities Authority, Series 2025, RB                                                                                   | CUSIP: 97671VCV5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1771865.40   | 0.13%             | 2035-11-15      | Fixed         | 5.00%                 | 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   | 0.14%             | 2045-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Anna TX                                                                                                                                      | City of Anna TX, Series 2025, RB                                                                                                                       | CUSIP: 035713BD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $811505.47    | 0.06%             | 2035-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Mesquite TX                                                                                                                                  | City of Mesquite TX, Series 2025, RB                                                                                                                   | CUSIP: 590771BL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    833000 | PA      | $833035.40    | 0.06%             | 2035-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Mesquite TX                                                                                                                                  | City of Mesquite TX, Series 2025, RB                                                                                                                   | CUSIP: 590771BH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1051737.75   | 0.07%             | 2035-09-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                                                                            | Indiana Finance Authority, Series 2025, RB                                                                                                             | CUSIP: 45506EQT3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |  12950000 | PA      | $13889057.60  | 0.99%             | 2043-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus-Franklin County Finance Authority                                                                                                           | Columbus-Franklin County Finance Authority, Series 2025, RB                                                                                            | CUSIP: 19910XAR7<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002204.50   | 0.07%             | 2046-01-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| New Port Corners Community Development District                                                                                                      | New Port Corners Community Development District, Series 2025, RB                                                                                       | CUSIP: 648122AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500838.00    | 0.04%             | 2045-06-15      | Fixed         | 5.20%                 | 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        |   4870000 | PA      | $4139500.00   | 0.29%             | 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        |     40500 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Plaza Metropolitan District No. 1                                                                                                                    | Plaza Metropolitan District No. 1, Series 2013, Ref. RB                                                                                                | CUSIP: 72818QAX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1465473.63   | 0.10%             | 2040-12-01      | Fixed         | 5.00%                 | 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: 890096BC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $200000.00    | 0.01%             | 2032-07-01      | 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        |    200000 | PA      | $172495.40    | 0.01%             | 2047-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Muskingum (County of), OH (Genesis Healthcare System)                                                                                                | Muskingum (County of), OH (Genesis Healthcare System), Series 2013, RB                                                                                 | CUSIP: 628077CV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4880000 | PA      | $4852707.62   | 0.35%             | 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        |   5300000 | PA      | $5120022.07   | 0.36%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Municipal Finance Agency                                                                                               | Puerto Rico (Commonwealth of) Municipal Finance Agency, Series 2005 A, RB                                                                              | CUSIP: 745277QR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $305873.64    | 0.02%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Municipal Finance Agency                                                                                               | Puerto Rico (Commonwealth of) Municipal Finance Agency, Series 2002 A, RB                                                                              | CUSIP: 745277PD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $441178.89    | 0.03%             | 2027-08-01      | Fixed         | 5.00%                 | 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        |   2000000 | PA      | $2001410.00   | 0.14%             | 2035-12-01      | 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: 74526QXQ0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $784700.00    | 0.06%             | 2026-07-01      | Fixed         | 5.25%                 | 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        |    485000 | PA      | $485672.65    | 0.03%             | 2027-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Rochester (City of), MN (Homestead at Rochester, Inc.)                                                                                               | Rochester (City of), MN (Homestead at Rochester, Inc.), Series 2013 A, RB                                                                              | CUSIP: 771906CV4<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000526.10   | 0.07%             | 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        |   8375000 | PA      | $8489956.93   | 0.60%             | 2039-05-15      | Fixed         | 5.50%                 | 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        |   1000000 | PA      | $200000.00    | 0.01%             | 2027-07-01      | 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        |   1230000 | PA      | $1231369.85   | 0.09%             | 2029-07-01      | 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 A, Ref. RB                                                     | CUSIP: 45129GCF0<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   2383823 | PA      | $2396381.69   | 0.17%             | 2048-07-01      | Fixed         | 6.75%                 | 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 A, Ref. RB                                                     | CUSIP: 45129GCE3<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    525926 | PA      | $534734.21    | 0.04%             | 2036-07-01      | Fixed         | 6.75%                 | 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 A, Ref. RB                                                     | CUSIP: 45129GCD5<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    205000 | PA      | $209286.24    | 0.01%             | 2028-07-01      | Fixed         | 6.75%                 | 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: 821697H77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $620593.17    | 0.04%             | 2041-09-01      | Fixed         | 5.38%                 | 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        |   5400000 | PA      | $5403998.70   | 0.39%             | 2044-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center)                                             | California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center), Series 2014, RB                              | CUSIP: 13080SEX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   8988000 | PA      | $9008567.24   | 0.64%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX                                                                                                                                | Houston (City of), TX, Series 2014 D, Ref. RB                                                                                                          | CUSIP: 4424355Y5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000134.80   | 0.14%             | 2044-11-15      | Fixed         | 5.00%                 | 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        |   1000000 | PA      | $1009868.40   | 0.07%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX                                                                                                                                | Houston (City of), TX, Series 2015 B-1, RB                                                                                                             | CUSIP: 4423487S1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7700000 | PA      | $7703009.93   | 0.55%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                                   | Tobacco Settlement Financing Corp., Series 2015 B, Ref. RB                                                                                             | CUSIP: 888809BF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3610000 | PA      | $3605349.96   | 0.26%             | 2045-06-01      | Fixed         | 4.50%                 | No            |                  2 | 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        |   6905000 | PA      | $6895317.81   | 0.49%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                                                                                     | Commonwealth Financing Authority, Series 2015, RB                                                                                                      | CUSIP: 20281PJQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502526.50    | 0.04%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Erie Tobacco Asset Securitization Corp.                                                                                                              | Erie Tobacco Asset Securitization Corp., Series 2005 A, RB                                                                                             | CUSIP: 295095BB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3210000 | PA      | $2662179.15   | 0.19%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), OH                                                                                                                             | Franklin (County of), OH, Series 2015, RB                                                                                                              | CUSIP: 353187CQ8<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   5800000 | PA      | $5806854.44   | 0.41%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway)                                     | Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway), Series 2015 A, RB                    | CUSIP: 49126PEW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001371.00   | 0.07%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** AIM Counselor Series Trust (Invesco Counselor Series Trust)

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer