# EDGAR Filing Document

**Accession Number:** 0001378872
**File Stem:** 0001378872-26-000848
**Filing Date:** 2026-4
**Character Count:** 74474
**Document Hash:** ea22e5a3a4f174d2b1af88fec34bc80b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001378872-26-000848.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0001378872-26-000848

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260428

**DATE AS OF CHANGE**: 20260428

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Invesco Exchange-Traded Fund Trust II
- **CENTRAL INDEX KEY:** 0001378872

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21977
- **FILM NUMBER:** 26906779

**BUSINESS ADDRESS:**
- **STREET 1:** 3500 LACEY ROAD
- **STREET 2:** SUITE 700
- **CITY:** DOWNERS GROVE
- **STATE:** IL
- **ZIP:** 60515
- **BUSINESS PHONE:** 800-983-0903

**MAIL ADDRESS:**
- **STREET 1:** 3500 LACEY ROAD
- **STREET 2:** SUITE 700
- **CITY:** DOWNERS GROVE
- **STATE:** IL
- **ZIP:** 60515

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PowerShares Exchange-Traded Fund Trust II
- **DATE OF NAME CHANGE:** 20070919

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PowerShares Global Exchange-Traded Fund Trust
- **DATE OF NAME CHANGE:** 20061023

## Series and Classes Contracts Data

### Invesco Floating Rate Municipal Income ETF (Series ID: S000019521)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000054223 | Invesco Floating Rate Municipal Income ETF | PVI             |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Invesco Exchange-Traded Fund Trust II

- **b. Investment Company Act file number:** 811-21977

- **c. CIK number of Registrant:** 0001378872

- **d. LEI of Registrant:** O540V2L4S174Y60FMD36

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

  - **Street Address 1:** 3500 Lacey Road

  - **City:** Downers Grove

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60515

  - **Telephone number:** 800-983-0903

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

- **a. Name of Series:** Invesco Floating Rate Municipal Income ETF

- **b. EDGAR series identifier (if any):** S000019521

- **c. LEI of Series:** 549300RWVHBEA6SWWZ39

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

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

- **b. Date as of which information is reported:** 2026-02-28

**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:** $31016708.72

**Total Liabilities:** $5949.32

**Net Assets:** $31010759.40

**Cash Not Reported:** $25408.47

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -29.54400993 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000054223 | 0.25%                | 0.07%                | 0.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $0.00                    | $0.00                                      |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Arizona (State of) Health Facilities Authority (Banner Health)                                          | Arizona (State of) Health Facilities Authority (Banner Health), Series 2015, RB                                                  | CUSIP: 040507QB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115000.00    | 0.37%             | 2046-01-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Orlando (City of), FL Utilities Commission                                                              | Orlando (City of), FL Utilities Commission, Series 2015 B, Ref. VRD RB                                                           | CUSIP: 686507GL2<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200000.00   | 3.87%             | 2026-03-06      | Variable      | 2.17%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Housing & Economic Development Authority                                           | Wisconsin (State of) Housing & Economic Development Authority, Series 2015 C, VRD RB                                             | CUSIP: 97689QBD7<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.64%             | 2026-03-06      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| County of Utah UT                                                                                       | County of Utah UT, Series 2014, RB                                                                                               | CUSIP: 917393AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Raleigh NC                                                                                      | City of Raleigh NC, Series 2016, RB                                                                                              | CUSIP: 751120EA0<br>LEI: 549300I7RPBIIRI16112 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105000.00    | 0.34%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority                                                                       | Iowa (State of) Finance Authority, Series 2017, RB                                                                               | CUSIP: 462467UA7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                             | Washington State Housing Finance Commission, Series 2017, RB                                                                     | CUSIP: 93978PNZ6<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 2.27%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                  | New York (City of), NY, Subseries 2015 F, VRD GO Bonds                                                                           | CUSIP: 64966LU25<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    335000 | PA      | $335000.00    | 1.08%             | 2044-06-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                                          | State of Texas, Series 2018, GO Bonds                                                                                            | CUSIP: 882724FK8<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125000.00    | 0.40%             | 2026-03-06      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| University of Colorado Hospital Authority                                                               | University of Colorado Hospital Authority, Series 2018, RB                                                                       | CUSIP: 914183BL1<br>LEI: GQ60RLZ5ZEBY2J9KLI75 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2039-11-15      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission                                                        | Washington (State of) Housing Finance Commission, Series 2018, RB                                                                | CUSIP: 93978TZN2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                                                  | City of Minneapolis MN, Series 2018, RB                                                                                          | CUSIP: 60374VEG4<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.64%             | 2026-03-06      | Variable      | 2.02%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                  | New York (City of), NY, Series 2013, GO Bonds                                                                                    | CUSIP: 64966LCP4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    220000 | PA      | $220000.00    | 0.71%             | 2040-08-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                                      | Health & Educational Facilities Authority of the State of Missouri, Series 2000, RB                                              | CUSIP: 606901WS1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2040-03-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Appleton Redevelopment Authority                                                                        | Appleton Redevelopment Authority, Series 2001, RB                                                                                | CUSIP: 038127AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 2.35%                 | No            |                  2 | On Loan: No      |
| Green Lake Township Economic Development Corp.                                                          | Green Lake Township Economic Development Corp., Series 2004, RB                                                                  | CUSIP: 393096AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2034-06-01      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                              | Illinois Finance Authority, Series 2006, RB                                                                                      | CUSIP: 45200BXS2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150000.00    | 0.48%             | 2026-03-06      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| New York (State of) Housing Finance Agency                                                              | New York (State of) Housing Finance Agency, Series 2004, VRD RB                                                                  | CUSIP: 64986MJ55<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.64%             | 2026-03-06      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (Rockefeller University)                                        | New York (State of) Dormitory Authority (Rockefeller University), Series 2008 A, VRD RB                                          | CUSIP: 649903YA3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200000.00   | 3.87%             | 2026-03-06      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                                                      | Board of Regents of the University of Texas System, Series 2008 B, VRD RB                                                        | CUSIP: 915137U35<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 1.61%             | 2026-03-06      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (BJC Health System)                       | Missouri (State of) Health & Educational Facilities Authority (BJC Health System), Series 2008, RB                               | CUSIP: 60635R2J5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                                             | Virginia Small Business Financing Authority, Series 2008, RB                                                                     | CUSIP: 928101AJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2042-07-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority (The) (Carolinas Health Care Systems)                          | Charlotte-Mecklenburg Hospital Authority (The) (Carolinas Health Care Systems), Series 2007, Ref. VRD RB                         | CUSIP: 160853MR5<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 1.29%             | 2038-01-15      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                                                    | City of Rochester MN, Series 2019, RB                                                                                            | CUSIP: 771594AX6<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.91%                 | No            |                  2 | On Loan: No      |
| Battery Park (City of), NY Authority                                                                    | Battery Park (City of), NY Authority, Series 2019 D-1, Ref. VRD RB                                                               | CUSIP: 07133AJB9<br>LEI: 549300RF3SFDOWRHVM56 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2038-11-01      | Variable      | 1.93%                 | No            |                  2 | On Loan: No      |
| Brookhaven (City of), GA Development Authority (Children's Healthcare of Atlanta, Inc.)                 | Brookhaven (City of), GA Development Authority (Children's Healthcare of Atlanta, Inc.), Series 2019, RB                         | CUSIP: 113073AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Municipal Water Finance Authority                                                | New York (City of), NY Municipal Water Finance Authority, Series 2013, VRD RB                                                    | CUSIP: 64972GCN2<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    225000 | PA      | $225000.00    | 0.73%             | 2050-06-15      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), OH (Nationwide Children's Hospital)                                               | Franklin (County of), OH (Nationwide Children's Hospital), Series 2017, RB                                                       | CUSIP: 353187ET0<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority (The) (Atrium Health)                                          | Charlotte-Mecklenburg Hospital Authority (The) (Atrium Health), Series 2018 G, VRD RB                                            | CUSIP: 160853UL9<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105000.00    | 0.34%             | 2048-01-15      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Roanoke Economic Development Authority                                                                  | Roanoke Economic Development Authority, Series 2020, RB                                                                          | CUSIP: 770082BB0<br>LEI: 549300P5QQORJY0U4T83 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2052-07-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX                                                                                   | Houston (City of), TX, Series 2012, RB                                                                                           | CUSIP: 44244CZH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275000.00    | 0.89%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                      | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2020, Ref. VRD RB                                                     | CUSIP: 7092248P7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.64%             | 2026-03-06      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                                                     | North Dakota Housing Finance Agency, Series 2015, RB                                                                             | CUSIP: 658909HX7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    145000 | PA      | $145000.00    | 0.47%             | 2026-03-06      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) Housing Finance Authority                                                        | Connecticut (State of) Housing Finance Authority, Series 2020 E-3, Ref. VRD RB                                                   | CUSIP: 20775HDU4<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 2.26%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                                            | South Carolina State Housing Finance & Development Authority, Series 2020, RB                                                    | CUSIP: 83712EHB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110000.00    | 0.35%             | 2026-03-06      | Variable      | 1.93%                 | No            |                  2 | On Loan: No      |
| Albemarle County Economic Development Authority                                                         | Albemarle County Economic Development Authority, Series 2018, RB                                                                 | CUSIP: 012663AM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150000.00    | 0.48%             | 2048-10-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Phoenix Children's Hospital)                       | Arizona (State of) Industrial Development Authority (Phoenix Children's Hospital), Series 2019, RB                               | CUSIP: 04052EAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120000.00    | 0.39%             | 2048-02-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                                    | Colorado Health Facilities Authority, Series 2020, RB                                                                            | CUSIP: 19648FPT5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2052-12-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                                       | Idaho Health Facilities Authority, Series 2018, RB                                                                               | CUSIP: 451295ZZ5<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150000.00    | 0.48%             | 2048-03-01      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                                                  | Iowa Finance Authority, Series 2018, RB                                                                                          | CUSIP: 46246K5E8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.64%             | 2041-07-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Unitypoint Health)                                                   | Iowa (State of) Finance Authority (Unitypoint Health), Series 2018, VRD Ref. RB                                                  | CUSIP: 46246K5H1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2041-02-15      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                  | New York (City of), NY, Subseries 2016 A-5, VRD GO Bonds                                                                         | CUSIP: 64966MGC7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 3.22%             | 2044-08-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                   | New York (City of), NY Transitional Finance Authority, Subseries 2012 C-4, VRD RB                                                | CUSIP: 64971QV26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 2.26%             | 2036-11-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                   | New York (City of), NY Transitional Finance Authority, Series 2018, VRD RB                                                       | CUSIP: 64971XHT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 1.29%             | 2042-08-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Municipal Water Finance Authority                                                | New York (City of), NY Municipal Water Finance Authority, Series 2010, RB                                                        | CUSIP: 64972FX27<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2043-06-15      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Municipal Water Finance Authority                                                | New York (City of), NY Municipal Water Finance Authority, Series 2013, RB                                                        | CUSIP: 64972GCM4<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2050-06-15      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Municipal Water Finance Authority                                                | New York (City of), NY Municipal Water Finance Authority, Series 2016, RB                                                        | CUSIP: 64972GMK7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    110000 | PA      | $110000.00    | 0.35%             | 2049-06-15      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                                           | State of Ohio, Series 2019, RB                                                                                                   | CUSIP: 677561LD2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.64%             | 2052-01-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                                       | Oregon State Facilities Authority, Series 2018, RB                                                                               | CUSIP: 68608JXD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2034-08-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| San Mateo County Transit District Sales Tax Revenue                                                     | San Mateo County Transit District Sales Tax Revenue, Series 2020, RB                                                             | CUSIP: 79905CAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2049-06-01      | Variable      | 0.25%                 | No            |                  2 | On Loan: No      |
| Tennessee (State of)                                                                                    | Tennessee (State of), Series 2021, GO Bonds                                                                                      | CUSIP: 882724SZ1<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    275000 | PA      | $275000.00    | 0.89%             | 2026-03-06      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| University of Wisconsin Hospitals & Clinics                                                             | University of Wisconsin Hospitals & Clinics, Series 2018, RB                                                                     | CUSIP: 915260CN1<br>LEI: 549300O76DW14JGO7224 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2048-04-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Hamilton (County of), OH (Trihealth, Inc. Obligated)                                                    | Hamilton (County of), OH (Trihealth, Inc. Obligated), Series 2021, Ref. VRD RB                                                   | CUSIP: 4072722B8<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2051-08-15      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority                                           | South Carolina (State of) Jobs-Economic Development Authority, Series 2021, RB                                                   | CUSIP: 837031ZW6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    140000 | PA      | $140000.00    | 0.45%             | 2026-03-06      | Variable      | 1.93%                 | No            |                  2 | On Loan: No      |
| New York (State of) Housing Development Corp. (Social Bonds)                                            | New York (State of) Housing Development Corp. (Social Bonds), Series 2021, RB                                                    | CUSIP: 64972EXV6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 1.61%             | 2026-03-06      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                                      | Health & Educational Facilities Authority of the State of Missouri, Series 2000, RB                                              | CUSIP: 606901WT9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2040-03-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX                                                                                   | Houston (City of), TX, Series 2018, RB                                                                                           | CUSIP: 44244CN94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 1.61%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Higher Educational Facility Commission (Cleveland Clinic Health System Obligated Group) | Ohio (State of) Higher Educational Facility Commission (Cleveland Clinic Health System Obligated Group), Series 2008, RB         | CUSIP: 67756AH96<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2043-01-01      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority                                                 | Massachusetts Health & Educational Facilities Authority, Series 2009, RB                                                         | CUSIP: 57586EKB6<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2044-07-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Allen (County of), IN                                                                                   | Allen (County of), IN, Series 2010, RB                                                                                           | CUSIP: 01757LDW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2034-06-01      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| Delaware Valley Regional Finance Authority                                                              | Delaware Valley Regional Finance Authority, Series 2022, RB                                                                      | CUSIP: 246579LP9<br>LEI: 549300HGYP3NW885TT18 | Long             | DBT              | MUN               | US        |    195000 | PA      | $195000.00    | 0.63%             | 2026-03-06      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co.                                                                              | Philadelphia Gas Works Co., Series 2009, RB                                                                                      | CUSIP: 71783MCL7<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                                         | State of Oregon, Series 2022, GO Bonds                                                                                           | CUSIP: 68609UBC8<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2045-06-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue                             | Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue, Series 2022, RB                                     | CUSIP: 57563CFL1<br>LEI: 549300CGDCL8XZK3KN03 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105000.00    | 0.34%             | 2026-03-06      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                                               | Maryland Health & Higher Educational Facilities Authority, Series 1985, RB                                                       | CUSIP: 574215RD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of)  Health & Educational Facilities Authority (Partners Healthcare System) | Massachusetts (Commonwealth of)  Health & Educational Facilities Authority (Partners Healthcare System), Series 2005, RB         | CUSIP: 57586CGB5<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Water Resources Authority                                               | Massachusetts (Commonwealth of) Water Resources Authority, Series 2008 E, VRD Ref. RB                                            | CUSIP: 5760494U1<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |    110000 | PA      | $110000.00    | 0.35%             | 2026-03-06      | Variable      | 1.67%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                                                 | Bay Area Toll Authority, Series 2023, RB                                                                                         | CUSIP: 072024YF3<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    160000 | PA      | $160000.00    | 0.52%             | 2055-04-01      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp. (Texas Children's Hospital)                   | Harris County Cultural Education Facilities Finance Corp. (Texas Children's Hospital), Series 2015, VRD RB                       | CUSIP: 414009SA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 1.29%             | 2026-03-06      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of)                                                                                    | Louisiana (State of), Series 2023 A-1, Ref. VRD RB                                                                               | CUSIP: 546475VV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $225000.00    | 0.73%             | 2043-05-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                                   | Louisiana Public Facilities Authority, Series 2017, RB                                                                           | CUSIP: 546395W42<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    170000 | PA      | $170000.00    | 0.55%             | 2026-03-06      | Variable      | 1.87%                 | No            |                  2 | On Loan: No      |
| Douglas County Hospital Authority No 2                                                                  | Douglas County Hospital Authority No 2, Series 2008, RB                                                                          | CUSIP: 259230KT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2032-08-15      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Parkview Health System)                                           | Indiana (State of) Finance Authority (Parkview Health System), Series 2009, VRD Ref.RB                                           | CUSIP: 45471ABR2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                             | Washington State Housing Finance Commission, Series 2008, RB                                                                     | CUSIP: 93978LEX0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    110000 | PA      | $110000.00    | 0.35%             | 2026-03-06      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Aspirus Wausau Hospital)                | Wisconsin (State of) Health & Educational Facilities Authority (Aspirus Wausau Hospital), Series 2004, VRD RB                    | CUSIP: 97710BLW0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.64%             | 2026-03-06      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                                                | Massachusetts Development Finance Agency, Series 2024, RB                                                                        | CUSIP: 57584Y8H5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.64%             | 2048-03-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                                                | Massachusetts Development Finance Agency, Series 2024, RB                                                                        | CUSIP: 57584Y8K8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.64%             | 2048-03-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| City of Modesto CA Water Revenue                                                                        | City of Modesto CA Water Revenue, Series 2008, COP                                                                               | CUSIP: 607804AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.60%                 | No            |                  2 | On Loan: No      |
| Colorado Springs (City of), CO                                                                          | Colorado Springs (City of), CO, Series 2006 B, RB                                                                                | CUSIP: 196632BH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.64%             | 2026-03-06      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                                   | Metropolitan Transportation Authority, Series 2020, RB                                                                           | CUSIP: 59261AX28<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2046-11-15      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                                   | Metropolitan Transportation Authority, Series 2005 D-1, Ref. VRD RB                                                              | CUSIP: 59261AX77<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125000.00    | 0.40%             | 2035-11-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (HonorHealth)                                 | Maricopa (County of), AZ Industrial Development Authority (HonorHealth), Series 2024, RB                                         | CUSIP: 56678PCN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority                                                     | New Hampshire (State of) Business Finance Authority, Series 2024, VRD RB                                                         | CUSIP: 63610BAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.64%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                                                 | Washington Suburban Sanitary Commission, Series 2013, RB                                                                         | CUSIP: 940158HT8<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2027-06-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (Intermountain Healthcare)                              | Colorado (State of) Health Facilities Authority (Intermountain Healthcare), Series 2024, RB                                      | CUSIP: 19648FYR9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2064-05-15      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                                  | North Carolina Medical Care Commission, Series 2017, RB                                                                          | CUSIP: 65821DYZ8<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    130000 | PA      | $130000.00    | 0.42%             | 2032-10-01      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| Rockwall Independent School District                                                                    | Rockwall Independent School District, Series 2006, GO Bonds                                                                      | CUSIP: 774285ZL7<br>LEI: 5493008ZIVPUZPQOR621 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150000.00    | 0.48%             | 2026-03-06      | Variable      | 1.83%                 | No            |                  2 | On Loan: No      |
| Georgia (State of) Municipal Electric Authority                                                         | Georgia (State of) Municipal Electric Authority, Series 2008, RB                                                                 | CUSIP: 626207VS0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Thomas Jefferson University)    | Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Thomas Jefferson University), Series 2024, VRD RB        | CUSIP: 70917TSU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2061-11-01      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Children's Hospital of Philadelphia)   | Philadelphia (City of), PA Authority for Industrial Development (Children's Hospital of Philadelphia), Series 2024, VRD RB       | CUSIP: 717901CC4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2054-07-01      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| Hawaii (State of) Department of Budget & Finance (The Queen's Health System)                            | Hawaii (State of) Department of Budget & Finance (The Queen's Health System), Series 2025, RB                                    | CUSIP: 419800QS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2060-07-01      | Variable      | 1.55%                 | No            |                  2 | On Loan: No      |
| Roswell Development Authority (Wellstar Healthcare, Inc.)                                               | Roswell Development Authority (Wellstar Healthcare, Inc.), Series 2025, RB                                                       | CUSIP: 77853AAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2047-04-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                                                 | Massachusetts Water Resources Authority, Series 2025, RB                                                                         | CUSIP: 576051R24<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125000.00    | 0.40%             | 2026-03-06      | Variable      | 2.07%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of)  Health & Educational Facilities Authority (Partners Healthcare System) | Massachusetts (Commonwealth of)  Health & Educational Facilities Authority (Partners Healthcare System), Series 1997 P-1, VRD RB | CUSIP: 57586EHT1<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| Public Building Authority of Blount County Tennessee (The)                                              | Public Building Authority of Blount County Tennessee (The), Series 2003, RB                                                      | CUSIP: 095175EY7<br>LEI: 549300RHIJ2ZP4C8W404 | Long             | DBT              | MUN               | US        |    195000 | PA      | $195000.00    | 0.63%             | 2026-03-06      | Variable      | 2.18%                 | No            |                  2 | On Loan: No      |
| Chelan County Public Utility District No. 1                                                             | Chelan County Public Utility District No. 1, Series 2008, RB                                                                     | CUSIP: 163103UP7<br>LEI: 5493004E8FN9GU2SU067 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| County of Clark Department of Aviation                                                                  | County of Clark Department of Aviation, Series 2008, RB                                                                          | CUSIP: 18085PNC4<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |    160000 | PA      | $160000.00    | 0.52%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Museum of Art)                           | Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Museum of Art), Series 2005 D, VRD RB                             | CUSIP: 18610PAE8<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.97%             | 2026-03-06      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| District of Columbia (Tranche 3)                                                                        | District of Columbia (Tranche 3), Series 1998 A, VRD RB                                                                          | CUSIP: 254839RZ8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    925000 | PA      | $925000.00    | 2.98%             | 2026-03-06      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| Dutchess (County of), NY Industrial Development Agency (Marist College Civic Facility)                  | Dutchess (County of), NY Industrial Development Agency (Marist College Civic Facility), Series 2008, RB                          | CUSIP: 267041GN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125000.00    | 0.40%             | 2026-03-06      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| Emmaus (Borough of), PA General Authority                                                               | Emmaus (Borough of), PA General Authority, Series 1996, VRD RB                                                                   | CUSIP: 291380ES8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 2.58%             | 2026-03-06      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Fairfax (County of), VA Economic Development Authority (Vernon Ladies Association)                      | Fairfax (County of), VA Economic Development Authority (Vernon Ladies Association), Series 2007, RB                              | CUSIP: 30382EDU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.98%                 | No            |                  2 | On Loan: No      |
| Florida Keys Aqueduct Authority                                                                         | Florida Keys Aqueduct Authority, Series 2008, Ref. VRD RB                                                                        | CUSIP: 340765HC3<br>LEI: 549300EMJ277J3MYQ645 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 3.22%             | 2026-03-06      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| Halifax Hospital Medical Center                                                                         | Halifax Hospital Medical Center, Series 2008, Ref. VRD RB                                                                        | CUSIP: 405815HE4<br>LEI: 549300H6HDJUXLEMUW23 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 1.61%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Illinois Educational Facilities Authority                                                               | Illinois Educational Facilities Authority, Series 1997, RB                                                                       | CUSIP: 452001TU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                              | Illinois Finance Authority, Series 2008, RB                                                                                      | CUSIP: 45200FFS3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    670000 | PA      | $670000.00    | 2.16%             | 2026-03-06      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                              | Illinois Finance Authority, Series 2008, RB                                                                                      | CUSIP: 45200FFV6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    145000 | PA      | $145000.00    | 0.47%             | 2026-03-06      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Sisters of St. Francis Health Services, Inc.)                     | Indiana (State of) Finance Authority (Sisters of St. Francis Health Services, Inc.), Series 2008, RB                             | CUSIP: 45470YBB6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Louisiana Housing Corp.                                                                                 | Louisiana Housing Corp., Series 2007, RB                                                                                         | CUSIP: 546267GV1<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.82%                 | No            |                  2 | On Loan: No      |
| Louisiana Offshore Terminal Authority                                                                   | Louisiana Offshore Terminal Authority, Series 2013, RB                                                                           | CUSIP: 546510FH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105000.00    | 0.34%             | 2026-03-06      | Variable      | 2.15%                 | No            |                  2 | On Loan: No      |
| Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.)      | Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.), Series 2013, RB              | CUSIP: 54659LAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.97%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Health Care Facilities Financing Authority (AHS Hospital Corp.)                   | New Jersey (State of) Health Care Facilities Financing Authority (AHS Hospital Corp.), Series 2008, RB                           | CUSIP: 64579FWQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                                              | New Mexico Hospital Equipment Loan Council, Series 2008, RB                                                                      | CUSIP: 647370EM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150000.00    | 0.48%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                                                 | New York City Housing Development Corp., Series 2006 A, VRD RB                                                                   | CUSIP: 64966TAF1<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200000.00   | 3.87%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Municipal Water Finance Authority                                                | New York (City of), NY Municipal Water Finance Authority, Series 2012, VRD RB                                                    | CUSIP: 64972GAS3<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1375000.00   | 4.43%             | 2026-03-06      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority                                                                 | New York (State of) Dormitory Authority, Series 2009, RB                                                                         | CUSIP: 649905DG8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Oakland University Board of Trustees                                                                    | Oakland University Board of Trustees, Series 2008, RB                                                                            | CUSIP: 673588DL0<br>LEI: 549300O12XLW6O082V10 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.64%             | 2026-03-06      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Orange (County of), CA Water District                                                                   | Orange (County of), CA Water District, Series 2003, COP                                                                          | CUSIP: 684421CB4<br>LEI: 549300KBQTX6CMJ3U708 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                                                      | Rhode Island Health and Educational Building Corp., Series 2008, RB                                                              | CUSIP: 762197CE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                                                      | Rhode Island Health and Educational Building Corp., Series 2008, RB                                                              | CUSIP: 762197CM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| San Mateo (City of), CA Joint Powers Financing Authority (Public Safety)                                | San Mateo (City of), CA Joint Powers Financing Authority (Public Safety), Series 2007 A, VRD RB                                  | CUSIP: 799002AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125000.00    | 0.40%             | 2026-03-06      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| Sevier (County of), TN Public Building Authority (The)                                                  | Sevier (County of), TN Public Building Authority (The), Series 2004, RB                                                          | CUSIP: 818200JE8<br>LEI: 549300W1TCZIAX7JRK58 | Long             | DBT              | MUN               | US        |    155000 | PA      | $155000.00    | 0.50%             | 2026-03-06      | Variable      | 2.18%                 | No            |                  2 | On Loan: No      |
| County of Shelby TN                                                                                     | County of Shelby TN, Series 2006, GO Bonds                                                                                       | CUSIP: 821686VR0<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150000.00    | 0.48%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                                                  | South Dakota Health & Educational Facilities Authority, Series 2004, RB                                                          | CUSIP: 83755VHZ0<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |    130000 | PA      | $130000.00    | 0.42%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                                              | Tarrant County Cultural Education Facilities Finance Corp., Series 2008, RB                                                      | CUSIP: 87638TDC4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    160000 | PA      | $160000.00    | 0.52%             | 2026-03-06      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| Utah (State of)                                                                                         | Utah (State of), Series 2008, RB                                                                                                 | CUSIP: 917572TU3<br>LEI: 5493008FZQW2WEDN4040 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Utah Water Finance Agency                                                                               | Utah Water Finance Agency, Series 2008, RB                                                                                       | CUSIP: 917572TV1<br>LEI: 5493008FZQW2WEDN4040 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| West Palm Beach (City of), FL                                                                           | West Palm Beach (City of), FL, Series 2008 C, VRD RB                                                                             | CUSIP: 955121LY2<br>LEI: 549300N3DHFUWWUMCW69 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 1.61%             | 2026-03-06      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                                                | West Virginia Hospital Finance Authority, Series 2008, RB                                                                        | CUSIP: 956622YU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110000.00    | 0.35%             | 2026-03-06      | Variable      | 2.03%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Housing & Economic Development Authority                                           | Wisconsin (State of) Housing & Economic Development Authority, Series 2012, RB                                                   | CUSIP: 976904UU4<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.32%             | 2026-03-06      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| State of California                                                                                     | State of California, Series 2003, GO Bonds                                                                                       | CUSIP: 13063BCD2<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    385000 | PA      | $385000.00    | 1.24%             | 2033-05-01      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| Texas (State of)                                                                                        | Texas (State of), Series 2015 B, VRD GO Bonds                                                                                    | CUSIP: 882723YT0<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1010000.00   | 3.26%             | 2026-03-06      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

**Name of Applicant:** Invesco Exchange-Traded Fund Trust II

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Vice President