# EDGAR Filing Document

**Accession Number:** 0000909466
**File Stem:** 0001752724-25-183707
**Filing Date:** 2025-7
**Character Count:** 1155363
**Document Hash:** a22c5f0c9a5a2ae3f0acae60674dec56
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-183707.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001752724-25-183707

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**PERIOD START**: 20260228

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07890
- **FILM NUMBER:** 251166461

**BUSINESS ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 7136261919

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM TAX EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
- **DATE OF NAME CHANGE:** 20100430

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM TAX EXEMPT FUNDS
- **DATE OF NAME CHANGE:** 20000324

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM TAX EXEMPT FUNDS INC/NEW
- **DATE OF NAME CHANGE:** 19940718

## Series and Classes Contracts Data

### Invesco Rochester Municipal Opportunities Fund (Series ID: S000064638)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000209277 | Class C      | ORNCX           |
| C000209278 | Class A      | ORNAX           |
| C000209279 | Class Y      | ORNYX           |
| C000209280 | Class R5     | IORHX           |
| C000209281 | Class R6     | IORYX           |

## Nport-Ex

**Schedule of Investments** 

*May 31, 2025*

*(Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Municipal Obligations–109.91%**<sup>(a)</sup>  | **Municipal Obligations–109.91%**<sup>(a)</sup>  | **Municipal Obligations–109.91%**<sup>(a)</sup>  | **Municipal Obligations–109.91%**<sup>(a)</sup>  | **Municipal Obligations–109.91%**<sup>(a)</sup>  |
| **Alabama–2.16%** | **Alabama–2.16%** | **Alabama–2.16%** | **Alabama–2.16%** | **Alabama–2.16%** |
| Hoover (City of), AL Industrial Development Board (United States Steel Corp.); Series 2019, RB<sup>(b)</sup> <br>| 5.75% | 10/01/2049 | $16000 | &nbsp;&nbsp; $16057141 |
| Jefferson (County of), AL; Series 2024, Ref. Revenue Wts. | 5.50% | 10/01/2053 | 15265 | &nbsp;&nbsp; 15648722 |
| Mobile (City of), AL Improvement District (McGowin Park); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.25% | 08/01/2030 | 500 | &nbsp;&nbsp; 504237 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.50% | 08/01/2035 | 1300 | &nbsp;&nbsp; 1309576 |
| Mobile (County of), AL (Gomessa); Series 2020, Revenue Wts.<sup>(c)</sup> <br>| 4.00% | 11/01/2045 | 2340 | &nbsp;&nbsp; 2005665 |
| Mobile (County of), AL Industrial Development Authority (AM/NS Calvert LLC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)</sup> <br>| 5.00% | 06/01/2054 | 31660 | &nbsp;&nbsp; 29761356 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)</sup> <br>| 4.75% | 12/01/2054 | 44185 | &nbsp;&nbsp; 39924024 |
| Southeast Energy Authority, A Cooperative District (No. 2); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB<sup>(d)</sup> <br>| 4.00% | 12/01/2031 | 15835 | &nbsp;&nbsp; 15492801 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB | 5.00% | 11/01/2035 | 20000 | &nbsp;&nbsp; 20645352 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(d)</sup> <br>| 5.00% | 06/01/2035 | 13400 | &nbsp;&nbsp; 13522405 |
| &nbsp;&nbsp;&nbsp; Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining); Series 2019 A, Ref. <br> IDR<sup>(c)</sup> <br>| 5.25% | 05/01/2044 | 45365 | &nbsp;&nbsp; 44695463 |
|  |  |  |  | &nbsp;&nbsp; 199566742 |
| **Alaska–0.11%** | **Alaska–0.11%** | **Alaska–0.11%** | **Alaska–0.11%** | **Alaska–0.11%** |
| Anchorage (City of), AK Municipality; Series 2024 A, RB (INS - AGI)<sup>(b)(e)</sup> <br>| 4.38% | 02/01/2065 | 12500 | &nbsp;&nbsp; 10602580 |
| **Arizona–2.04%** | **Arizona–2.04%** | **Arizona–2.04%** | **Arizona–2.04%** | **Arizona–2.04%** |
| Arizona (State of) Industrial Development Authority; Series 2019-2A, Revenue Ctfs. | 3.63% | 05/20/2033 | 5956 | &nbsp;&nbsp; 5635159 |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB<sup>(c)</sup> <br>| 5.50% | 07/01/2038 | 1165 | &nbsp;&nbsp; 1171707 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB<sup>(c)</sup> <br>| 5.63% | 07/01/2048 | 2250 | &nbsp;&nbsp; 2238888 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB<sup>(c)</sup> <br>| 5.75% | 07/01/2053 | 3500 | &nbsp;&nbsp; 3455920 |
| Arizona (State of) Industrial Development Authority (ACCEL Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 5.13% | 08/01/2038 | 2515 | &nbsp;&nbsp; 2394903 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 5.25% | 08/01/2048 | 3945 | &nbsp;&nbsp; 3511396 |
| Arizona (State of) Industrial Development Authority (Franklin Phonetic Charter School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(c)</sup> <br>| 5.50% | 07/01/2037 | 580 | &nbsp;&nbsp; 568733 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(c)</sup> <br>| 5.75% | 07/01/2047 | 680 | &nbsp;&nbsp; 644319 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(c)</sup> <br>| 5.88% | 07/01/2052 | 645 | &nbsp;&nbsp; 609586 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Leman Academy-Parker Colorado); <br> Series 2019, RB<sup>(c)</sup> <br>| 5.00% | 07/01/2054 | 3000 | &nbsp;&nbsp; 2614206 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Mater Academy of Nevada Mountain Vista <br> Campus Project);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 5.25% | 12/15/2038 | 1415 | &nbsp;&nbsp; 1420395 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 5.50% | 12/15/2048 | 2260 | &nbsp;&nbsp; 2235185 |
| Cadence Community Facilities District (Assessment District No. 1); Series 2019, RB | 4.50% | 07/01/2043 | 445 | &nbsp;&nbsp; 384336 |
| East San Luis (City of), AZ Community Facilities District (Assessment Area One); Series 2007, RB | 6.38% | 01/01/2028 | 375 | &nbsp;&nbsp; 357423 |
| &nbsp;&nbsp;&nbsp; Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus); Series 2017, <br> Ref. RB<br>| 5.00% | 11/15/2045 | 3100 | &nbsp;&nbsp; 2207375 |
| &nbsp;&nbsp;&nbsp; Maricopa (County of), AZ Industrial Development Authority (Christian Care Surprise, Inc.); <br> Series 2016, RB<sup>(c)</sup> <br>| 6.00% | 01/01/2048 | 11475 | &nbsp;&nbsp; 8934810 |
| Maricopa (County of), AZ Industrial Development Authority (Valley Christian Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 6.00% | 07/01/2043 | 1885 | &nbsp;&nbsp; 1824504 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 6.25% | 07/01/2053 | 1900 | &nbsp;&nbsp; 1812732 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 6.38% | 07/01/2058 | 2500 | &nbsp;&nbsp; 2403993 |
| Merrill Ranch Community Facilities District No. 2; Series 2016, GO Bonds | 5.25% | 07/15/2040 | 810 | &nbsp;&nbsp; 817646 |
| Merrill Ranch Community Facilities District No. 2 (Assessment Area One); Series 2006, RB | 5.30% | 07/01/2030 | 382 | &nbsp;&nbsp; 381988 |
| &nbsp;&nbsp;&nbsp; Phoenix (City of), AZ Industrial Development Authority (The) (Downtown Phoenix Student <br> Housing, LLC- Arizona State University); Series 2018 A, Ref. RB<br>| 5.00% | 07/01/2042 | 1000 | &nbsp;&nbsp; 959732 |
| &nbsp;&nbsp;&nbsp; Phoenix (City of), AZ Industrial Development Authority (The) (Espiritu Community Development <br> Corp. Charter School); Series 2006 A, RB<br>| 6.25% | 07/01/2036 | 1425 | &nbsp;&nbsp; 1388853 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities 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; Phoenix (City of), AZ Industrial Development Authority (The) (Freedom Academy, Inc.); <br> Series 2016, RB<sup>(c)</sup> <br>| 5.50% | 07/01/2046 | $4135 | &nbsp;&nbsp; $3887820 |
| &nbsp;&nbsp;&nbsp; Phoenix (City of), AZ Industrial Development Authority (The) (Gourmet Boutique West LLC); <br> Series 2007 B, IDR (Acquired 03/01/2007-03/20/2019; Cost $2,100,000)<sup>(b)(f)</sup> <br>| 5.88% | 11/01/2037 | 2260 | &nbsp;&nbsp; 1958224 |
| &nbsp;&nbsp;&nbsp; Phoenix (City of), AZ Industrial Development Authority (The) (Overland Crossing); Series 2022, <br> RB<sup>(c)</sup> <br>| 9.50% | 04/01/2052 | 7900 | &nbsp;&nbsp; 6750023 |
| &nbsp;&nbsp;&nbsp; Phoenix (City of), AZ Industrial Development Authority (The) (Vista College Preparatory); <br> Series 2018 A, RB (CEP - Ohio School District)<br>| 5.00% | 07/01/2048 | 835 | &nbsp;&nbsp; 832571 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (Excalibur Charter School (The)); <br> Series 2016, Ref. RB<sup>(c)</sup> <br>| 5.50% | 09/01/2046 | 2400 | &nbsp;&nbsp; 2161229 |
| Pima (County of), AZ Industrial Development Authority (Paideia Academies (The)); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, RB<sup>(c)</sup> <br>| 6.00% | 07/01/2035 | 1025 | &nbsp;&nbsp; 1025386 |
| &nbsp;&nbsp;&nbsp; Series 2015, RB<sup>(c)</sup> <br>| 6.13% | 07/01/2045 | 3310 | &nbsp;&nbsp; 3309652 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 5.13% | 07/01/2039 | 650 | &nbsp;&nbsp; 605014 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 5.25% | 07/01/2049 | 810 | &nbsp;&nbsp; 718305 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy); <br> Series 2015, Ref. RB<sup>(c)</sup> <br>| 5.63% | 06/15/2045 | 2250 | &nbsp;&nbsp; 2244017 |
| &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 | 2085 | &nbsp;&nbsp; 2085006 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (The) (Baren Academy Project Refunding); <br> Series 2021, RB<sup>(c)</sup> <br>| 5.00% | 07/01/2056 | 4360 | &nbsp;&nbsp; 3408577 |
| Pima (County of), AZ Industrial Development Authority (The) (LA Posada at Pusch Ridge); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 6.88% | 11/15/2052 | 7500 | &nbsp;&nbsp; 7814478 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 7.00% | 11/15/2057 | 3975 | &nbsp;&nbsp; 4159099 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (The) (Milestones Charter School <br> Refunding); Series 2017 A, Ref. RB<sup>(c)</sup> <br>| 6.50% | 11/01/2047 | 5530 | &nbsp;&nbsp; 5244881 |
| Pima (County of), AZ Industrial Development Authority (The) (P.L.C. Charter Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB (Acquired 12/02/2016; Cost $3,320,842)<sup>(c)(f)</sup> <br>| 6.00% | 12/01/2036 | 3315 | &nbsp;&nbsp; 3325892 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB (Acquired 12/02/2016; Cost $6,310,000)<sup>(c)(f)</sup> <br>| 6.00% | 12/01/2046 | 6310 | &nbsp;&nbsp; 6162466 |
| Pinal (County of), AZ Industrial Development Authority (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB<sup>(b)(g)</sup> <br>| 5.50% | 10/01/2033 | 5853 | &nbsp;&nbsp; 5957633 |
| &nbsp;&nbsp;&nbsp; Series 2021 C, RB<sup>(b)(c)</sup> <br>| 5.50% | 10/01/2033 | 22616 | &nbsp;&nbsp; 23020304 |
| Pinal (County of), AZ Industrial Development Authority (San Manuel Facility); Series 2006, RB<sup>(b)</sup> <br>| 6.25% | 06/01/2026 | 100 | &nbsp;&nbsp; 100035 |
| Show Low Bluff Community Facilities District (Assessment Area One); Series 2007, RB<sup>(c)</sup> <br>| 5.60% | 07/01/2031 | 151 | &nbsp;&nbsp; 148690 |
| &nbsp;&nbsp;&nbsp; Sierra (City of), AZ Vista Industrial Development Authority (American Leadership Academy <br> Project);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 5.50% | 06/15/2047 | 11245 | &nbsp;&nbsp; 11134961 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 5.75% | 06/15/2053 | 5000 | &nbsp;&nbsp; 5010483 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 5.75% | 06/15/2058 | 15000 | &nbsp;&nbsp; 14992074 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 5.00% | 06/15/2044 | 1330 | &nbsp;&nbsp; 1266779 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 5.00% | 06/15/2054 | 4735 | &nbsp;&nbsp; 4302801 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 5.00% | 06/15/2059 | 715 | &nbsp;&nbsp; 639807 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 5.00% | 06/15/2064 | 15525 | &nbsp;&nbsp; 13692021 |
| Southside Community Facilities District No. 1; Series 2008, RB<sup>(h)</sup> <br>| 7.25% | 07/01/2032 | 794 | &nbsp;&nbsp; 732746 |
| Tempe (City of), AZ Industrial Development Authority (Accel); Series 2022 A, RB<sup>(c)</sup> <br>| 6.50% | 08/01/2048 | 3640 | &nbsp;&nbsp; 3697089 |
|  |  |  |  | &nbsp;&nbsp; 188361852 |
| **Arkansas–0.37%** | **Arkansas–0.37%** | **Arkansas–0.37%** | **Arkansas–0.37%** | **Arkansas–0.37%** |
| &nbsp;&nbsp;&nbsp; Arkansas (State of) Development Finance Authority (Big River Steel) (Green Bonds); Series 2020, <br> RB<sup>(b)(c)</sup> <br>| 4.75% | 09/01/2049 | 25135 | &nbsp;&nbsp; 24631526 |
| Arkansas (State of) Development Finance Authority (Green Bonds); Series 2022, RB<sup>(b)</sup> <br>| 5.45% | 09/01/2052 | 5000 | &nbsp;&nbsp; 4977301 |
| Cave Springs Municipal Property Owners' Improvement District No. 3; Series 2007, GO Bonds<sup>(h)</sup> <br>| 6.25% | 02/01/2038 | 4220 | &nbsp;&nbsp; 4220000 |
|  |  |  |  | &nbsp;&nbsp; 33828827 |
| **California–10.29%** | **California–10.29%** | **California–10.29%** | **California–10.29%** | **California–10.29%** |
| Blythe (City of), CA Redevelopment Agency Successor Agency (Project No. 1); Series 2000 A, RB | 6.20% | 05/01/2031 | 105 | &nbsp;&nbsp; 105197 |
| California (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, GO Bonds<sup>(i)</sup> <br>| 5.00% | 09/01/2052 | 23300 | &nbsp;&nbsp; 24072223 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds<sup>(i)</sup> <br>| 5.00% | 03/01/2055 | 20000 | &nbsp;&nbsp; 20807274 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities 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)** |
| California (State of) County Tobacco Securitization Agency; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006 A, RB<sup>(j)</sup> <br>| 0.00% | 06/01/2050 | $520920 | &nbsp;&nbsp; $114300527 |
| &nbsp;&nbsp;&nbsp; Series 2006 B, RB<sup>(j)</sup> <br>| 0.00% | 06/01/2050 | 107400 | &nbsp;&nbsp; 18957335 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset <br> Securitization Corp.);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 6.00% | 06/01/2042 | 16345 | &nbsp;&nbsp; 16468688 |
| &nbsp;&nbsp;&nbsp; Series 2006 C, RB<sup>(j)</sup> <br>| 0.00% | 06/01/2055 | 212950 | &nbsp;&nbsp; 20423502 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding <br> Corp.);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 6.13% | 06/01/2038 | 5000 | &nbsp;&nbsp; 5005993 |
| &nbsp;&nbsp;&nbsp; Series 2006 A, RB<sup>(j)</sup> <br>| 0.00% | 06/01/2046 | 127310 | &nbsp;&nbsp; 33366296 |
| &nbsp;&nbsp;&nbsp; Series 2006 B, RB<sup>(j)</sup> <br>| 0.00% | 06/01/2046 | 33920 | &nbsp;&nbsp; 8588147 |
| &nbsp;&nbsp;&nbsp; Series 2006 C, RB<sup>(j)</sup> <br>| 0.00% | 06/01/2055 | 215100 | &nbsp;&nbsp; 23560656 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization <br> Corp.); Series 2020 B-2, Ref. RB<sup>(j)</sup> <br>| 0.00% | 06/01/2055 | 15195 | &nbsp;&nbsp; 2765493 |
| &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 | 1770 | &nbsp;&nbsp; 1772001 |
| California (State of) Housing Finance Agency; Series 2019 A, RB | 4.25% | 01/15/2035 | 52 | &nbsp;&nbsp; 52096 |
| &nbsp;&nbsp;&nbsp; California (State of) Infrastructure & Economic Development Bank (Brightline West Passenger Rail) <br> (Green Bonds); Series 2025 B, Ref. RB<sup>(b)(c)(d)</sup> <br>| 9.50% | 01/01/2035 | 64355 | &nbsp;&nbsp; 62377480 |
| California (State of) Municipal Finance Authority (Linxs APM); Series 2018 A, RB<sup>(b)</sup> <br>| 5.00% | 12/31/2047 | 11095 | &nbsp;&nbsp; 10608046 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (Westside Neighborhood School); Series 2024, <br> RB<sup>(c)</sup> <br>| 6.38% | 06/15/2064 | 2250 | &nbsp;&nbsp; 2349210 |
| California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB (Acquired 05/25/2017; Cost $5,914,802)<sup>(b)(c)(f)(k)</sup> <br>| 7.50% | 07/01/2032 | 6075 | &nbsp;&nbsp; 61 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB (Acquired 05/25/2017-07/17/2018; Cost $15,389,964)<sup>(b)(c)(f)(k)</sup> <br>| 8.00% | 07/01/2039 | 14995 | &nbsp;&nbsp; 150 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB (Acquired 10/06/2020; Cost $2,531,287)<sup>(b)(c)(f)(k)</sup> <br>| 7.50% | 07/01/2032 | 2650 | &nbsp;&nbsp; 27 |
| California (State of) Pollution Control Financing Authority (Plant Bonds); Series 2012, RB<sup>(b)(c)</sup> <br>| 5.00% | 11/21/2045 | 16050 | &nbsp;&nbsp; 15201122 |
| California (State of) Public Finance Authority (Kendal at Ventura); Series 2023 A-C, RB<sup>(c)</sup> <br>| 10.00% | 05/15/2028 | 3000 | &nbsp;&nbsp; 3728227 |
| California (State of) School Finance Authority (Escuela Popular); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(c)(d)(l)</sup> <br>| 6.50% | 07/01/2027 | 2515 | &nbsp;&nbsp; 2684304 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(c)</sup> <br>| 6.50% | 07/01/2050 | 1865 | &nbsp;&nbsp; 1874452 |
| &nbsp;&nbsp;&nbsp; California (State of) School Finance Authority (Grimmway Schools Obligated Group); Series 2016 <br> A, RB<sup>(c)</sup> <br>| 5.25% | 07/01/2051 | 5945 | &nbsp;&nbsp; 5726636 |
| California (State of) School Finance Authority (Kepler Neighborhood School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB (CEP - Colorado Higher Education Intercept Program)<sup>(c)</sup> <br>| 5.00% | 05/01/2027 | 175 | &nbsp;&nbsp; 175347 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB (CEP - Colorado Higher Education Intercept Program)<sup>(c)</sup> <br>| 5.75% | 05/01/2037 | 900 | &nbsp;&nbsp; 902203 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB (CEP - Colorado Higher Education Intercept Program)<sup>(c)</sup> <br>| 5.88% | 05/01/2047 | 1230 | &nbsp;&nbsp; 1202019 |
| California (State of) School Finance Authority (Rocketship Education); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(c)</sup> <br>| 5.13% | 06/01/2047 | 595 | &nbsp;&nbsp; 551956 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(c)</sup> <br>| 5.25% | 06/01/2052 | 665 | &nbsp;&nbsp; 612127 |
| California (State of) Statewide Communities Development Authority; Series 2025, RB | 3.54% | 02/20/2041 | 19250 | &nbsp;&nbsp; 17158653 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (NCCD-Hooper <br> Street LLC-California College of the Arts); Series 2019, RB<sup>(c)</sup> <br>| 5.25% | 07/01/2052 | 1450 | &nbsp;&nbsp; 1366212 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Yucaipa Valley Water <br> Reservoir); Series 2014, RB<br>| 6.00% | 09/02/2044 | 6860 | &nbsp;&nbsp; 6860831 |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002 A, RB | 6.00% | 05/01/2037 | 2275 | &nbsp;&nbsp; 2322653 |
| &nbsp;&nbsp;&nbsp; Series 2002 B, RB | 6.00% | 05/01/2043 | 12035 | &nbsp;&nbsp; 12061851 |
| Del Mar Race Track Authority; Series 2015, Ref. RB | 5.00% | 10/01/2038 | 3285 | &nbsp;&nbsp; 3292799 |
| Fresno Unified School District; Series 2016 B, Ref. GO Bonds<sup>(j)</sup> <br>| 0.00% | 08/01/2042 | 7780 | &nbsp;&nbsp; 3586589 |
| Golden State Tobacco Securitization Corp.; Series 2021 B-2, Ref. RB<sup>(j)</sup> <br>| 0.00% | 06/01/2066 | 186500 | &nbsp;&nbsp; 20086367 |
| Lathrop (City of), CA (Community Facilities District No. 03-2); Series 2003, RB | 7.00% | 09/01/2033 | 770 | &nbsp;&nbsp; 771844 |
| Los Angeles (City of), CA Department of Airports; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 C, RB<sup>(b)</sup> <br>| 4.00% | 05/15/2050 | 10500 | &nbsp;&nbsp; 8998967 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(b)</sup> <br>| 4.00% | 05/15/2049 | 18575 | &nbsp;&nbsp; 16032278 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(b)(i)</sup> <br>| 5.00% | 05/15/2047 | 25205 | &nbsp;&nbsp; 24918338 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(b)(i)</sup> <br>| 5.00% | 05/15/2048 | 30000 | &nbsp;&nbsp; 29472231 |
| &nbsp;&nbsp;&nbsp; Los Angeles (City of), CA Department of Airports (Los Angeles International Airport); <br> Series 2022, RB<sup>(b)</sup> <br>| 4.00% | 05/15/2047 | 10250 | &nbsp;&nbsp; 8922267 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities 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)** |
| Morongo Band of Mission Indians (The); Series 2018 A, RB<sup>(c)</sup> <br>| 5.00% | 10/01/2042 | $4500 | &nbsp;&nbsp; $4489483 |
| Placer (County of), CA (Placer Corporate Center Assessment District No. 1); Series 2000, RB | 6.50% | 09/02/2030 | 45 | &nbsp;&nbsp; 45269 |
| Sacramento (City of), CA (Convention Center Complex); Series 2018, RB | 5.00% | 06/01/2048 | 6415 | &nbsp;&nbsp; 6302135 |
| San Diego (City of), CA; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(b)(i)(m)</sup> <br>| 5.00% | 07/01/2048 | 5000 | &nbsp;&nbsp; 4992240 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(b)(i)(m)</sup> <br>| 5.00% | 07/01/2053 | 15000 | &nbsp;&nbsp; 14820072 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(b)(i)(m)</sup> <br>| 5.25% | 07/01/2058 | 20000 | &nbsp;&nbsp; 20350244 |
| San Diego (County of), CA Regional Airport Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB<sup>(b)</sup> <br>| 4.00% | 07/01/2046 | 8040 | &nbsp;&nbsp; 7037595 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB<sup>(b)</sup> <br>| 4.00% | 07/01/2051 | 6960 | &nbsp;&nbsp; 5821868 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB (INS - AGI)<sup>(b)(e)</sup> <br>| 4.00% | 07/01/2051 | 16750 | &nbsp;&nbsp; 14095715 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2056 | 5180 | &nbsp;&nbsp; 5088814 |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(b)</sup> <br>| 5.00% | 05/01/2044 | 10020 | &nbsp;&nbsp; 9982892 |
| &nbsp;&nbsp;&nbsp; Series 2019 E, RB<sup>(b)</sup> <br>| 4.00% | 05/01/2050 | 13845 | &nbsp;&nbsp; 11762128 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(b)(i)(m)</sup> <br>| 5.00% | 05/01/2049 | 90485 | &nbsp;&nbsp; 89297638 |
| &nbsp;&nbsp;&nbsp; San Francisco City & County Airport Comm-San Francisco International Airport; Series 2025, <br> RB<sup>(b)(i)(m)</sup> <br>| 5.50% | 05/01/2055 | 15000 | &nbsp;&nbsp; 15575922 |
| Silicon Valley Tobacco Securitization Authority (Santa Clara); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB<sup>(j)</sup> <br>| 0.00% | 06/01/2036 | 60785 | &nbsp;&nbsp; 33024940 |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB<sup>(j)</sup> <br>| 0.00% | 06/01/2047 | 58990 | &nbsp;&nbsp; 13841933 |
| &nbsp;&nbsp;&nbsp; Series 2007 B, RB<sup>(j)</sup> <br>| 0.00% | 06/01/2047 | 13505 | &nbsp;&nbsp; 3168932 |
| &nbsp;&nbsp;&nbsp; Series 2007 C, RB<sup>(j)</sup> <br>| 0.00% | 06/01/2056 | 61600 | &nbsp;&nbsp; 5993249 |
| Stockton Unified School District (Election of 2008); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2011 D, GO Bonds (INS - AGI)<sup>(e)(j)</sup> <br>| 0.00% | 08/01/2037 | 6245 | &nbsp;&nbsp; 3890127 |
| &nbsp;&nbsp;&nbsp; Series 2011 D, GO Bonds (INS - AGI)<sup>(e)(j)</sup> <br>| 0.00% | 08/01/2038 | 12115 | &nbsp;&nbsp; 7128231 |
| &nbsp;&nbsp;&nbsp; Series 2011 D, GO Bonds (INS - AGI)<sup>(e)(j)</sup> <br>| 0.00% | 08/01/2041 | 14735 | &nbsp;&nbsp; 7320541 |
| &nbsp;&nbsp;&nbsp; Series 2011 D, GO Bonds (INS - AGI)<sup>(e)(j)</sup> <br>| 0.00% | 08/01/2043 | 17145 | &nbsp;&nbsp; 7657684 |
| Sweetwater Union High School District; Series 2022, GO Bonds<sup>(i)</sup> <br>| 5.00% | 08/01/2052 | 47500 | &nbsp;&nbsp; 49053402 |
| Tustin Unified School District (Eleccton of 2024); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds | 4.00% | 08/01/2048 | 3255 | &nbsp;&nbsp; 2970693 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds | 4.00% | 08/01/2050 | 3865 | &nbsp;&nbsp; 3495384 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds | 4.00% | 08/01/2052 | 3945 | &nbsp;&nbsp; 3541792 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds | 4.00% | 08/01/2055 | 5795 | &nbsp;&nbsp; 5179513 |
| University of California; Series 2022 BK, RB<sup>(i)(m)</sup> <br>| 5.00% | 05/15/2052 | 40000 | &nbsp;&nbsp; 40969048 |
|  |  |  |  | &nbsp;&nbsp; 950988159 |
| **Colorado–9.52%** | **Colorado–9.52%** | **Colorado–9.52%** | **Colorado–9.52%** | **Colorado–9.52%** |
| 3rd and Havana Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, GO Bonds | 4.50% | 12/01/2030 | 2235 | &nbsp;&nbsp; 2076482 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, GO Bonds | 5.25% | 12/01/2049 | 5200 | &nbsp;&nbsp; 4214661 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 7.75% | 12/15/2049 | 1925 | &nbsp;&nbsp; 1897059 |
| Amber Creek Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. GO Bonds | 5.13% | 12/01/2047 | 1029 | &nbsp;&nbsp; 857770 |
| &nbsp;&nbsp;&nbsp; Series 2017 B, GO Bonds | 7.75% | 12/15/2047 | 464 | &nbsp;&nbsp; 464169 |
| Arista Metropolitan District; Series 2023 B, Ref. GO Bonds | 8.25% | 12/15/2039 | 10000 | &nbsp;&nbsp; 10120881 |
| Aspen Street Metropolitan District; Series 2021 A, GO Bonds | 5.13% | 12/01/2050 | 1075 | &nbsp;&nbsp; 868222 |
| Aurora Crossroads Metropolitan District No. 2; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 7.75% | 12/15/2050 | 4500 | &nbsp;&nbsp; 4503907 |
| &nbsp;&nbsp;&nbsp; Series 2023 C, GO Bonds | 8.00% | 12/15/2053 | 6653 | &nbsp;&nbsp; 6675644 |
| Aurora Highlands Community Authority Board; Series 2021 A, Ref. RB | 5.75% | 12/01/2051 | 25000 | &nbsp;&nbsp; 22904200 |
| Banning Lewis Ranch Metropolitan District No. 4; Series 2018 A, GO Bonds | 5.75% | 12/01/2048 | 3193 | &nbsp;&nbsp; 3103593 |
| Banning Lewis Ranch Metropolitan District No. 5; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, GO Bonds | 5.75% | 12/01/2048 | 2188 | &nbsp;&nbsp; 2126734 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, GO Bonds | 8.00% | 12/15/2048 | 500 | &nbsp;&nbsp; 500572 |
| Base Village Metropolitan District No. 2; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. GO Bonds | 5.75% | 12/01/2046 | 3100 | &nbsp;&nbsp; 3100013 |
| &nbsp;&nbsp;&nbsp; Series 2016 B, Ref. GO Bonds | 6.50% | 12/15/2048 | 3500 | &nbsp;&nbsp; 2683145 |
| Baseline Metropolitan District No. 1; Series 2024 B, GO Bonds | 6.75% | 12/15/2054 | 2750 | &nbsp;&nbsp; 2745619 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities 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)** |
| Bella Mesa Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, GO Bonds<sup>(c)(g)</sup> <br>| 6.75% | 12/01/2049 | $3785 | &nbsp;&nbsp; $3743047 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds<sup>(c)</sup> <br>| 8.00% | 12/15/2054 | 2774 | &nbsp;&nbsp; 2794813 |
| BNC Metropolitan District No. 1; Series 2017 B, GO Bonds | 7.38% | 12/15/2047 | 461 | &nbsp;&nbsp; 460609 |
| Bristol Metropolitan District; Series 2022 B, GO Bonds | 7.50% | 12/15/2050 | 757 | &nbsp;&nbsp; 762087 |
| Broadway Station Metropolitan District No. 3; Series 2019, GO Bonds | 5.00% | 12/01/2049 | 1750 | &nbsp;&nbsp; 1297376 |
| Buffalo Ridge Metropolitan District; Series 2018 B, GO Bonds | 7.38% | 12/15/2047 | 1105 | &nbsp;&nbsp; 1107020 |
| Canyon Pines Metropolitan District; Series 2024, GO Bonds<sup>(c)</sup> <br>| 8.25% | 12/01/2053 | 4218 | &nbsp;&nbsp; 4084937 |
| Canyons Metropolitan District No. 3; Series 2021, GO Bonds | 5.50% | 12/01/2051 | 15270 | &nbsp;&nbsp; 13048220 |
| Canyons Metropolitan District No. 5; Series 2024 B, Ref. GO Bonds | 6.50% | 12/15/2054 | 1500 | &nbsp;&nbsp; 1491808 |
| Castleview Metropolitan District No. 1; Series 2021 A, GO Bonds | 5.00% | 12/01/2050 | 4720 | &nbsp;&nbsp; 3679626 |
| Centerra Metropolitan District No. 1 (In the City of Loveland); Series 2022, RB | 6.50% | 12/01/2053 | 6850 | &nbsp;&nbsp; 7093678 |
| Cielo Metropolitan District; Series 2021, GO Bonds | 5.25% | 12/01/2050 | 2500 | &nbsp;&nbsp; 2077744 |
| City Center West Commercial Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. GO Bonds | 7.00% | 12/01/2049 | 3953 | &nbsp;&nbsp; 3845946 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 9.00% | 12/15/2049 | 581 | &nbsp;&nbsp; 583225 |
| Clear Creek Transit Metropolitan District No. 2; Series 2021 B, GO Bonds | 7.90% | 12/15/2050 | 1165 | &nbsp;&nbsp; 1117707 |
| Colliers Hill Metropolitan District No. 1; Series 2019 B, Ref. GO Bonds | 8.00% | 12/15/2048 | 1496 | &nbsp;&nbsp; 1498384 |
| Colliers Hill Metropolitan District No. 2; Series 2022 B-1, Ref. GO Bonds | 5.75% | 12/15/2047 | 3336 | &nbsp;&nbsp; 3132014 |
| &nbsp;&nbsp;&nbsp; Colorado (State of) Educational & Cultural Facilities Authority (Ascent Classical Academy); <br> Series 2024, Ref. RB<sup>(c)</sup> <br>| 5.75% | 04/01/2059 | 2250 | &nbsp;&nbsp; 2209186 |
| Colorado (State of) Health Facilities Authority (Aberdeen Ridge); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 5.00% | 05/15/2044 | 2250 | &nbsp;&nbsp; 1723631 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 5.00% | 05/15/2049 | 3000 | &nbsp;&nbsp; 2172809 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 5.00% | 05/15/2058 | 10000 | &nbsp;&nbsp; 6850762 |
| &nbsp;&nbsp;&nbsp; Colorado (State of) Health Facilities Authority (Intermountain Healthcare); Series 2022 A, Ref. <br> RB<br>| 4.00% | 05/15/2052 | 7605 | &nbsp;&nbsp; 6544102 |
| Colorado (State of) Health Facilities Authority (Volunteers of America Care); Series 2007 A, RB | 5.30% | 07/01/2037 | 130 | &nbsp;&nbsp; 130212 |
| Colorado (State of) International Center Metropolitan District No. 3; Series 2018 B, GO Bonds | 7.50% | 12/15/2038 | 455 | &nbsp;&nbsp; 456124 |
| Colorado (State of) International Center Metropolitan District No. 8; Series 2020, GO Bonds | 6.50% | 12/01/2050 | 15000 | &nbsp;&nbsp; 15003687 |
| Colorado Crossing Metropolitan District No. 2; Series 2020 B, GO Bonds<sup>(c)</sup> <br>| 7.50% | 12/15/2050 | 3490 | &nbsp;&nbsp; 3497100 |
| Country Club Highlands Metropolitan District; Series 2007, GO Bonds<sup>(h)</sup> <br>| 7.25% | 12/01/2037 | 1025 | &nbsp;&nbsp; 943000 |
| Creekside Village Metropolitan District; Series 2019, GO Bonds | 7.75% | 12/15/2049 | 568 | &nbsp;&nbsp; 568233 |
| Crowfoot Valley Ranch Metropolitan District No. 2; Series 2024 B, Ref. GO Bonds | 6.13% | 12/15/2054 | 1800 | &nbsp;&nbsp; 1732291 |
| Crystal Valley Metropolitan District No. 2; Series 2022, GO Bonds<sup>(c)</sup> <br>| 7.25% | 12/01/2052 | 3600 | &nbsp;&nbsp; 3620925 |
| Dawson Trails Metropolitan District No. 1; Series 2024, GO Bonds<sup>(j)</sup> <br>| 0.00% | 12/01/2031 | 65565 | &nbsp;&nbsp; 40158831 |
| Denver (City & County of), CO; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB<sup>(b)</sup> <br>| 5.25% | 12/01/2048 | 7410 | &nbsp;&nbsp; 7444919 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 08/01/2051 | 28990 | &nbsp;&nbsp; 24547271 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(b)(i)</sup> <br>| 5.00% | 11/15/2047 | 15000 | &nbsp;&nbsp; 14886824 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(b)</sup> <br>| 4.13% | 11/15/2053 | 7000 | &nbsp;&nbsp; 5980589 |
| &nbsp;&nbsp;&nbsp; Series 2022 D, Ref. RB<sup>(b)(i)</sup> <br>| 5.75% | 11/15/2045 | 10000 | &nbsp;&nbsp; 10592498 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(b)(i)</sup> <br>| 5.00% | 11/15/2053 | 41500 | &nbsp;&nbsp; 40877060 |
| Denver (City & County of), CO (United Airlines, Inc.); Series 2017, Ref. RB<sup>(b)</sup> <br>| 5.00% | 10/01/2032 | 46185 | &nbsp;&nbsp; 46154319 |
| Denver (City & County of), CO Health & Hospital Authority; Series 2025 A, RB | 6.00% | 12/01/2055 | 4800 | &nbsp;&nbsp; 5091066 |
| Denver Gateway Center Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, GO Bonds | 5.50% | 12/01/2038 | 1330 | &nbsp;&nbsp; 1309645 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, GO Bonds | 5.63% | 12/01/2048 | 2130 | &nbsp;&nbsp; 2023638 |
| Denver International Business Center Metropolitan District No. 1; Series 2019 B, GO Bonds | 6.00% | 12/01/2048 | 2286 | &nbsp;&nbsp; 2292565 |
| Dominion Water & Sanitation District; Series 2022, Ref. RB | 5.88% | 12/01/2052 | 20000 | &nbsp;&nbsp; 20032484 |
| E-86 Metropolitan District; Series 2021 A, GO Bonds | 5.13% | 12/01/2051 | 1015 | &nbsp;&nbsp; 841202 |
| Elbert & Highway 86 Commercial Metropolitan District; Series 2021 B, GO Bonds<sup>(c)</sup> <br>| 8.00% | 12/15/2051 | 1910 | &nbsp;&nbsp; 1913605 |
| Elbert (County of), CO Highway 86 Metropolitan District; Series 2016, Ref. GO Bonds<sup>(c)</sup> <br>| 5.75% | 12/01/2046 | 2700 | &nbsp;&nbsp; 2714757 |
| Elora Metropolitan District; Series 2025, GO Bonds | 8.25% | 12/15/2055 | 1938 | &nbsp;&nbsp; 1943131 |
| Erie Commons Metropolitan District No. 2; Series 2019 B, Ref. GO Bonds | 6.95% | 12/15/2054 | 3100 | &nbsp;&nbsp; 2997632 |
| Evan's Place Metropolitan District; Series 2020 A, GO Bonds | 5.00% | 12/01/2050 | 1575 | &nbsp;&nbsp; 1358173 |
| Fitzsimons Village Metropolitan District No. 3; Series 2021 A-2, GO Bonds | 7.00% | 12/01/2041 | 7875 | &nbsp;&nbsp; 7008669 |
| Flying Horse Metropolitan District No. 3; Series 2019, Ref. GO Bonds<sup>(c)</sup> <br>| 6.00% | 12/01/2049 | 2965 | &nbsp;&nbsp; 2872766 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities 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)** |
| Forest Trace Metropolitan District No. 3; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 7.88% | 12/15/2049 | $933 | &nbsp;&nbsp; $936879 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, GO Bonds<sup>(c)</sup> <br>| 9.00% | 12/15/2047 | 980 | &nbsp;&nbsp; 988596 |
| Geos Neighborhood Metropolitan District; Series 2021, GO Bonds<sup>(g)</sup> <br>| 6.13% | 12/01/2050 | 3075 | &nbsp;&nbsp; 2698615 |
| Grand Junction (City of), CO Dos Rios General Improvement District; Series 2021, RB<sup>(c)</sup> <br>| 4.75% | 12/01/2051 | 3000 | &nbsp;&nbsp; 2236917 |
| Green Gables Metropolitan District No. 2; Series 2023 B, GO Notes<sup>(c)</sup> <br>| 8.25% | 12/15/2053 | 2983 | &nbsp;&nbsp; 3032663 |
| Green Valley Ranch East Metropolitan District No. 6; Series 2020 A, GO Bonds | 5.88% | 12/01/2050 | 3325 | &nbsp;&nbsp; 3301987 |
| Highlands-Mead Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds<sup>(c)</sup> <br>| 7.75% | 12/15/2050 | 515 | &nbsp;&nbsp; 515447 |
| &nbsp;&nbsp;&nbsp; Series 2020, GO Bonds | 5.13% | 12/01/2050 | 1395 | &nbsp;&nbsp; 1304185 |
| HM Metropolitan District No. 2; Series 2021, GO Bonds<sup>(g)</sup> <br>| 5.75% | 12/01/2051 | 24038 | &nbsp;&nbsp; 19019257 |
| Home Place Metropolitan District; Series 2020 A, GO Bonds | 5.75% | 12/01/2050 | 2340 | &nbsp;&nbsp; 2306765 |
| Hunting Hill Metropolitan District; Series 2018, Ref. GO Bonds | 5.63% | 12/01/2048 | 4951 | &nbsp;&nbsp; 4907516 |
| Interquest South Business Improvement District; Series 2017, GO Bonds | 5.00% | 12/01/2047 | 1365 | &nbsp;&nbsp; 1238474 |
| Jefferson (County of), CO Center Metropolitan District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 B, Ref. RB | 5.75% | 12/15/2050 | 9909 | &nbsp;&nbsp; 9892726 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, GO Bonds | 8.50% | 12/16/2053 | 7510 | &nbsp;&nbsp; 7528457 |
| Johnstown North Metropolitan District No. 2; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, GO Bonds | 7.00% | 08/15/2052 | 3015 | &nbsp;&nbsp; 3044858 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, GO Bonds | 9.13% | 09/01/2052 | 2000 | &nbsp;&nbsp; 2020233 |
| Jones District Community Authority Board; Series 2020 A, RB<sup>(g)</sup> <br>| 5.75% | 12/01/2050 | 6800 | &nbsp;&nbsp; 6123465 |
| Karl's Farm Metropolitan District No. 3; Series 2021, GO Bonds | 5.75% | 12/01/2051 | 6295 | &nbsp;&nbsp; 5495381 |
| Kinston Metropolitan District No. 5; Series 2020 B, GO Bonds | 7.50% | 12/15/2052 | 3850 | &nbsp;&nbsp; 3865747 |
| Lambertson Farms Metropolitan District No. 1; Series 2024 B, Ref. RB<sup>(c)</sup> <br>| 6.25% | 12/20/2054 | 2100 | &nbsp;&nbsp; 2074477 |
| Lanterns Metropolitan District No. 3; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 A-1, GO Bonds | 7.25% | 12/01/2053 | 3500 | &nbsp;&nbsp; 3582291 |
| &nbsp;&nbsp;&nbsp; Series 2023 A-2, GO Bonds<sup>(g)</sup> <br>| 8.00% | 12/01/2053 | 3645 | &nbsp;&nbsp; 2862263 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, GO Bonds | 9.25% | 12/15/2053 | 2175 | &nbsp;&nbsp; 2204318 |
| Ledge Rock Center Commercial Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, GO Bonds<sup>(c)</sup> <br>| 7.00% | 11/01/2052 | 7000 | &nbsp;&nbsp; 7083695 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, GO Bonds<sup>(c)</sup> <br>| 7.38% | 11/01/2052 | 10830 | &nbsp;&nbsp; 11197462 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, GO Bonds<sup>(c)</sup> <br>| 9.25% | 12/01/2052 | 9189 | &nbsp;&nbsp; 9280227 |
| Ledge Rock Center Residential Metropolitan District No. 1; Series 2024 B, GO Bonds | 8.75% | 12/15/2054 | 600 | &nbsp;&nbsp; 604637 |
| Liberty Draw Metropolitan District No. 6; Series 2023, GO Bonds | 7.25% | 12/01/2053 | 2800 | &nbsp;&nbsp; 2787860 |
| Lochbuie Station Residential Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, GO Bonds | 5.75% | 12/01/2050 | 1185 | &nbsp;&nbsp; 1227569 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 8.00% | 12/15/2050 | 521 | &nbsp;&nbsp; 542180 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds | 6.25% | 12/15/2044 | 536 | &nbsp;&nbsp; 532204 |
| Meadowlark Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, GO Bonds | 5.13% | 12/01/2050 | 750 | &nbsp;&nbsp; 699253 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 7.63% | 12/15/2050 | 607 | &nbsp;&nbsp; 609325 |
| Midtown Clear Creek Metropolitan District; Series 2023 B, Ref. GO Bonds | 8.00% | 12/15/2053 | 709 | &nbsp;&nbsp; 717730 |
| Midtown Metropoltan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A-1, Ref. GO Bonds | 6.75% | 12/01/2051 | 8310 | &nbsp;&nbsp; 8528388 |
| &nbsp;&nbsp;&nbsp; Series 2022 A-2, Ref. GO Bonds<sup>(g)</sup> <br>| 7.00% | 12/01/2051 | 11285 | &nbsp;&nbsp; 9674488 |
| Millers Landing Business Improvement District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 6.00% | 12/01/2048 | 7715 | &nbsp;&nbsp; 7069020 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB<sup>(c)</sup> <br>| 8.00% | 12/01/2048 | 2175 | &nbsp;&nbsp; 1992039 |
| Mineral Business Improvement District; Series 2024 B, GO Bonds<sup>(c)</sup> <br>| 8.50% | 12/15/2054 | 520 | &nbsp;&nbsp; 523827 |
| Mirabelle Metropolitan District No. 2; Series 2025 B, Ref. GO Bonds | 6.13% | 12/15/2049 | 3100 | &nbsp;&nbsp; 2983866 |
| Morgan Hill Metropolitan District No. 3; Series 2021 B, GO Bonds | 6.38% | 12/15/2051 | 1460 | &nbsp;&nbsp; 1409325 |
| Mountain Shadows Metropolitan District; Series 2016, Ref. GO Bonds | 5.00% | 12/01/2046 | 977 | &nbsp;&nbsp; 917217 |
| Mountain Sky Metropolitan District; Series 2020 A, GO Bonds | 5.00% | 12/01/2049 | 976 | &nbsp;&nbsp; 883097 |
| Muegge Farms Metropolitan District No. 4; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds | 6.25% | 12/01/2054 | 5625 | &nbsp;&nbsp; 5386214 |
| &nbsp;&nbsp;&nbsp; Series 2025 B, GO Bonds | 8.38% | 12/15/2054 | 842 | &nbsp;&nbsp; 847883 |
| Mulberry Metropolitan District No. 2; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 B, GO Bonds | 9.00% | 12/15/2052 | 2500 | &nbsp;&nbsp; 2519237 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 7.00% | 12/01/2034 | 5000 | &nbsp;&nbsp; 5085216 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities 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)** |
| Murata Farms Residential Metropolitan District; Series 2022, GO Bonds | 6.13% | 12/01/2051 | $4205 | &nbsp;&nbsp; $3668982 |
| Murphy Creek Metropolitan District No. 2; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, GO Bonds<sup>(c)</sup> <br>| 6.00% | 12/01/2054 | 4500 | &nbsp;&nbsp; 4152350 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds<sup>(c)</sup> <br>| 8.00% | 12/15/2054 | 2670 | &nbsp;&nbsp; 2685949 |
| MW Retail Business Improvement District; Series 2024, RB<sup>(c)</sup> <br>| 6.00% | 12/01/2054 | 2390 | &nbsp;&nbsp; 2240594 |
| Newlin Crossing Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, GO Bonds<sup>(c)</sup> <br>| 5.38% | 12/01/2054 | 1145 | &nbsp;&nbsp; 1066299 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds<sup>(c)</sup> <br>| 7.75% | 12/15/2054 | 604 | &nbsp;&nbsp; 607317 |
| Painted Prairie Public Improvement Authority; Series 2019, RB | 5.00% | 12/01/2049 | 17000 | &nbsp;&nbsp; 15176767 |
| Palisade Metropolitan District No. 2; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 C, RB<sup>(c)</sup> <br>| 8.00% | 12/15/2037 | 1500 | &nbsp;&nbsp; 1518060 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(c)(g)</sup> <br>| 5.88% | 12/15/2054 | 1950 | &nbsp;&nbsp; 1790349 |
| Parker Automotive Metropolitan District; Series 2023 B, Ref. GO Bonds | 8.25% | 12/15/2037 | 2230 | &nbsp;&nbsp; 2255946 |
| Parterre Metropolitan District No. 5; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds | 5.88% | 12/01/2045 | 1700 | &nbsp;&nbsp; 1738321 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds | 6.13% | 12/01/2055 | 2500 | &nbsp;&nbsp; 2570158 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds | 8.38% | 12/15/2055 | 1479 | &nbsp;&nbsp; 1478020 |
| Penrith Park Metropolitan District; Series 2024 C, RB | 6.25% | 12/15/2054 | 1058 | &nbsp;&nbsp; 1060062 |
| Pinery Commercial Metropolitan District No. 2; Series 2025, RB | 5.75% | 12/01/2054 | 1750 | &nbsp;&nbsp; 1685666 |
| Pinon Pines Metropolitan District No. 2; Series 2020, GO Bonds | 5.00% | 12/01/2050 | 1195 | &nbsp;&nbsp; 1054391 |
| Platte River Metropolitan District; Series 2023 A, Ref. GO Bonds<sup>(c)</sup> <br>| 6.50% | 08/01/2053 | 6865 | &nbsp;&nbsp; 6853321 |
| Prairie Center Metropolitan District No. 3; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. GO Bonds | 5.88% | 12/15/2046 | 2125 | &nbsp;&nbsp; 2187435 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds | 5.88% | 12/15/2046 | 1000 | &nbsp;&nbsp; 1029381 |
| Prairie Farm Metropolitan District; Series 2018 B, GO Bonds | 7.38% | 12/15/2048 | 1270 | &nbsp;&nbsp; 1270453 |
| PV-ERU Holding Trust; Series 2019, RB<sup>(h)(j)</sup> <br>| 0.00% | 02/14/2039 | 12585 | &nbsp;&nbsp; 1146241 |
| Redtail Ridge Metropolitan District; Series 2025, GO Bonds<sup>(j)</sup> <br>| 0.00% | 12/01/2032 | 9500 | &nbsp;&nbsp; 5551811 |
| Remuda Ranch Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, GO Bonds | 5.00% | 12/01/2050 | 2300 | &nbsp;&nbsp; 1933733 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 7.63% | 12/15/2050 | 573 | &nbsp;&nbsp; 570417 |
| Revere at Johnstown Metropolitan District No. 3; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, GO Bonds | 7.00% | 12/01/2053 | 2337 | &nbsp;&nbsp; 2290056 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds | 9.00% | 12/15/2053 | 676 | &nbsp;&nbsp; 680282 |
| Ridgeline Vista Metropolitan District; Series 2021 A, GO Bonds | 5.25% | 12/01/2060 | 1000 | &nbsp;&nbsp; 891207 |
| Riverpark Metropolitan District (County of Arapahoe); Series 2024, GO Bonds | 6.38% | 12/01/2054 | 2000 | &nbsp;&nbsp; 1973095 |
| Riverwalk Metropolitan District No. 2; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB | 5.00% | 12/01/2052 | 4000 | &nbsp;&nbsp; 3255726 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, RB | 7.75% | 12/15/2052 | 5000 | &nbsp;&nbsp; 5023854 |
| Rocky Mountain Rail Park Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(c)</sup> <br>| 5.00% | 12/01/2051 | 2500 | &nbsp;&nbsp; 2264663 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, Ref. GO Bonds | 8.50% | 12/15/2054 | 20350 | &nbsp;&nbsp; 20556050 |
| Rudolph Farms Metropolitan District No. 6; Series 2022 A, GO Bonds | 6.50% | 06/01/2052 | 23575 | &nbsp;&nbsp; 21704265 |
| Sabell Metropolitan District; Series 2020 B-3, GO Bonds<sup>(c)</sup> <br>| 8.25% | 12/15/2050 | 605 | &nbsp;&nbsp; 606802 |
| Santa Fe Park Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB | 7.25% | 12/01/2053 | 7150 | &nbsp;&nbsp; 6597301 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB | 9.25% | 12/15/2053 | 891 | &nbsp;&nbsp; 834666 |
| Second Creek Farm Metropolitan District No. 3; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 B, GO Bonds | 7.63% | 12/15/2049 | 1696 | &nbsp;&nbsp; 1697676 |
| &nbsp;&nbsp;&nbsp; Series 2021 C, GO Bonds<sup>(c)</sup> <br>| 7.63% | 12/15/2052 | 8288 | &nbsp;&nbsp; 7782778 |
| Second Creek Farm Metropolitan District No. 4; Series 2024 A, Ref. GO Bonds | 6.75% | 12/01/2054 | 1366 | &nbsp;&nbsp; 1278598 |
| Settler's Crossing Metropolitan District No. 1; Series 2020 B, GO Bonds | 7.63% | 12/15/2050 | 598 | &nbsp;&nbsp; 600123 |
| Sheridan Station West Metropolitan District; Series 2022 B3, GO Bonds | 7.00% | 12/15/2051 | 1614 | &nbsp;&nbsp; 1622263 |
| Silverstone Metropolitan District No. 3; Series 2023, GO Bonds | 7.75% | 12/01/2045 | 9155 | &nbsp;&nbsp; 9195381 |
| Sky Ranch Community Authority Board; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB | 5.75% | 12/01/2052 | 5000 | &nbsp;&nbsp; 4585280 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, RB | 8.75% | 12/15/2052 | 6367 | &nbsp;&nbsp; 6400636 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds | 6.50% | 12/15/2054 | 557 | &nbsp;&nbsp; 554677 |
| South Aurora Regional Improvement Authority; Series 2018, RB | 6.25% | 12/01/2057 | 2815 | &nbsp;&nbsp; 2570819 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities 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)** |
| South Timnath Metropolitan District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, GO Bonds | 5.50% | 12/01/2048 | $1000 | &nbsp;&nbsp; $812547 |
| &nbsp;&nbsp;&nbsp; Series 2019 B, GO Bonds | 8.00% | 12/15/2048 | 2208 | &nbsp;&nbsp; 1859273 |
| Southglenn Metropolitan District; Series 2016, Ref. GO Bonds | 5.00% | 12/01/2036 | 810 | &nbsp;&nbsp; 781330 |
| Spring Hill Metropolitan District No. 3; Series 2022 B, GO Bonds<sup>(c)</sup> <br>| 9.50% | 12/15/2045 | 360 | &nbsp;&nbsp; 362392 |
| Spring Valley Metropolitan District No. 3; Series 2025 B, Ref. GO Bonds | 6.25% | 12/15/2054 | 1080 | &nbsp;&nbsp; 1058462 |
| Spring Valley Metropolitan District No. 4; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, GO Bonds | 5.13% | 12/01/2050 | 1775 | &nbsp;&nbsp; 1483020 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 7.63% | 12/15/2050 | 2810 | &nbsp;&nbsp; 2781876 |
| St. Vrain Lakes Metropolitan District No. 2; Series 2024 B, Ref. GO Bonds | 6.38% | 11/15/2054 | 1000 | &nbsp;&nbsp; 1002289 |
| St. Vrain Lakes Metropolitan District No. 4; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, GO Bonds<sup>(c)(g)</sup> <br>| 6.75% | 09/20/2054 | 3500 | &nbsp;&nbsp; 2343545 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds<sup>(c)</sup> <br>| 8.75% | 09/20/2054 | 2100 | &nbsp;&nbsp; 2112233 |
| STC Metropolitan District No. 2 (Green Bonds); Series 2025, Ref. GO Bonds<sup>(c)</sup> <br>| 8.00% | 12/15/2055 | 5000 | &nbsp;&nbsp; 5045210 |
| Sterling Ranch Community Authority Board; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB | 7.13% | 12/15/2050 | 501 | &nbsp;&nbsp; 502344 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, Ref. RB | 6.75% | 12/01/2053 | 27225 | &nbsp;&nbsp; 28135401 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 8.38% | 12/15/2054 | 7500 | &nbsp;&nbsp; 7544502 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB<sup>(c)</sup> <br>| 5.75% | 12/01/2054 | 2700 | &nbsp;&nbsp; 2615208 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 6.50% | 12/01/2054 | 935 | &nbsp;&nbsp; 947672 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, Ref. RB<sup>(c)</sup> <br>| 8.25% | 12/15/2054 | 1475 | &nbsp;&nbsp; 1485227 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, Ref. RB | 8.75% | 12/15/2054 | 920 | &nbsp;&nbsp; 926168 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.63% | 12/01/2043 | 1405 | &nbsp;&nbsp; 1405635 |
| Sweetgrass Metropolitan District No. 2; Series 2022 B, Ref. GO Bonds | 7.50% | 12/15/2049 | 1175 | &nbsp;&nbsp; 1183128 |
| Tailholt Metropolitan District No. 3; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A-1, Ref. GO Bonds | 5.50% | 12/01/2054 | 6000 | &nbsp;&nbsp; 5458616 |
| &nbsp;&nbsp;&nbsp; Series 2024 A-2, Ref. GO Bonds<sup>(g)</sup> <br>| 6.25% | 12/01/2054 | 5920 | &nbsp;&nbsp; 4253454 |
| Talon Pointe Metropolitan District; Series 2019 A, Ref. GO Bonds | 5.25% | 12/01/2051 | 2150 | &nbsp;&nbsp; 1529219 |
| Three Springs Metropolitan District No. 1; Series 2020 B, Ref. GO Bonds | 7.13% | 12/15/2050 | 1685 | &nbsp;&nbsp; 1686825 |
| Timberleaf Metropolitan District; Series 2025 B, GO Bonds | 7.88% | 12/15/2055 | 1000 | &nbsp;&nbsp; 999954 |
| Trails Metropolitan District; Series 2021, GO Bonds | 5.00% | 12/01/2051 | 6999 | &nbsp;&nbsp; 5683837 |
| Trailside Metropolitan District No. 4; Series 2024 B, GO Bonds | 7.00% | 12/15/2051 | 1780 | &nbsp;&nbsp; 1791818 |
| Transport Metropolitan District No. 3; Series 2021 A-2, GO Bonds<sup>(g)</sup> <br>| 5.50% | 12/01/2051 | 3000 | &nbsp;&nbsp; 2317529 |
| Two Bridges Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, GO Bonds | 5.63% | 08/01/2048 | 1572 | &nbsp;&nbsp; 1518564 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, GO Bonds | 7.88% | 08/01/2048 | 508 | &nbsp;&nbsp; 508336 |
| Uplands Metropolitan District No. 1; Series 2023 A, GO Bonds | 7.50% | 09/01/2053 | 7970 | &nbsp;&nbsp; 8030760 |
| Vail Home Partners Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(c)</sup> <br>| 5.75% | 10/01/2045 | 415 | &nbsp;&nbsp; 418271 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(c)</sup> <br>| 5.88% | 10/01/2055 | 1375 | &nbsp;&nbsp; 1386266 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(c)</sup> <br>| 6.00% | 10/01/2064 | 1935 | &nbsp;&nbsp; 1954350 |
| Verve Metropolitan District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. GO Bonds | 5.00% | 12/01/2051 | 3000 | &nbsp;&nbsp; 2520083 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, GO Bonds<sup>(g)</sup> <br>| 7.00% | 12/01/2054 | 7500 | &nbsp;&nbsp; 5328334 |
| Village at Southgate Metropolitan District; Series 2018 A, GO Bonds<sup>(c)</sup> <br>| 5.63% | 12/01/2048 | 1348 | &nbsp;&nbsp; 1310660 |
| Waterfall Metropolitan District No. 1; Series 2022 B, Ref. GO Bonds | 8.25% | 12/01/2052 | 985 | &nbsp;&nbsp; 989942 |
| Weems Neighborhood Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds | 5.88% | 12/01/2055 | 1500 | &nbsp;&nbsp; 1502990 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds | 7.88% | 12/15/2055 | 1149 | &nbsp;&nbsp; 1151754 |
| White Buffalo Metropolitan District No. 3; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, GO Bonds | 5.50% | 12/01/2050 | 2785 | &nbsp;&nbsp; 2664498 |
| &nbsp;&nbsp;&nbsp; Series 2023, GO Bonds | 8.00% | 12/15/2035 | 3380 | &nbsp;&nbsp; 3401345 |
| Willow Bend Metropolitan District; Series 2019 B, GO Bonds | 7.63% | 12/15/2049 | 755 | &nbsp;&nbsp; 755306 |
| Willow Springs Metropolitan District; Series 2024 B, GO Bonds<sup>(c)</sup> <br>| 6.50% | 10/15/2054 | 645 | &nbsp;&nbsp; 640830 |
| Windler Public Improvement Authority; Series 2021 A-1, RB | 4.13% | 12/01/2051 | 5000 | &nbsp;&nbsp; 3872149 |
| Woodmen Heights Metropolitan District No. 2; Series 2020 B-1, Ref. GO Bonds | 6.25% | 12/15/2040 | 1709 | &nbsp;&nbsp; 1642068 |
|  |  |  |  | &nbsp;&nbsp; 879401535 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Connecticut–0.07%** | **Connecticut–0.07%** | **Connecticut–0.07%** | **Connecticut–0.07%** | **Connecticut–0.07%** |
| Connecticut (State of) Health & Educational Facilities Authority; Series 2025 A, RB<sup>(c)</sup> <br>| 12.00% | 09/01/2030 | $3250 | &nbsp;&nbsp; $3326589 |
| Georgetown (City of), CT Special Taxing District; Series 2006 A, GO Bonds<sup>(k)</sup> <br>| 5.13% | 10/01/2036 | 470 | &nbsp;&nbsp; 56400 |
| Mashantucket Western Pequot Tribe; Series 2013, RB<sup>(k)</sup> <br>| 6.05% | 07/01/2031 | 13420 | &nbsp;&nbsp; 3086601 |
|  |  |  |  | &nbsp;&nbsp; 6469590 |
| **District of Columbia–2.28%** | **District of Columbia–2.28%** | **District of Columbia–2.28%** | **District of Columbia–2.28%** | **District of Columbia–2.28%** |
| District of Columbia; Series 2025, Ref. RB | 5.75% | 10/01/2055 | 6875 | &nbsp;&nbsp; 7038962 |
| District of Columbia (Union Market); Series 2024, RB<sup>(c)(g)</sup> <br>| 6.60% | 06/01/2049 | 4250 | &nbsp;&nbsp; 2454625 |
| District of Columbia Tobacco Settlement Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2001, RB | 6.75% | 05/15/2040 | 23240 | &nbsp;&nbsp; 23980545 |
| &nbsp;&nbsp;&nbsp; Series 2006 C, RB<sup>(j)</sup> <br>| 0.00% | 06/15/2055 | 900680 | &nbsp;&nbsp; 88900809 |
| &nbsp;&nbsp;&nbsp; Series 2006 D, RB<sup>(j)</sup> <br>| 0.00% | 06/15/2055 | 555000 | &nbsp;&nbsp; 48805812 |
| Metropolitan Washington Airports Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(b)</sup> <br>| 4.00% | 10/01/2035 | 11530 | &nbsp;&nbsp; 11345794 |
| &nbsp;&nbsp;&nbsp; Series 2019 B, Ref. RB | 4.00% | 10/01/2049 | 11000 | &nbsp;&nbsp; 9357367 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB<sup>(b)</sup> <br>| 4.00% | 10/01/2051 | 15800 | &nbsp;&nbsp; 13284396 |
| Washington Metropolitan Area Transit Authority (Green Bonds); Series 2023 A, RB | 5.25% | 07/15/2053 | 5000 | &nbsp;&nbsp; 5121891 |
|  |  |  |  | &nbsp;&nbsp; 210290201 |
| **Florida–11.67%** | **Florida–11.67%** | **Florida–11.67%** | **Florida–11.67%** | **Florida–11.67%** |
| Amelia Concourse Community Development District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007, RB | 5.75% | 05/01/2038 | 715 | &nbsp;&nbsp; 668570 |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 6.00% | 05/01/2047 | 1705 | &nbsp;&nbsp; 1713403 |
| Amelia Concourse Community Development District (Capital Improvement); Series 2019 A, RB | 5.65% | 05/01/2049 | 2290 | &nbsp;&nbsp; 2303161 |
| Arlington Ridge Community Development District; Series 2006 A, RB | 5.50% | 05/01/2036 | 1315 | &nbsp;&nbsp; 1315605 |
| Avenir Community Development District (Assessment Area No. 3 - Master Infrastructure); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.38% | 05/01/2043 | 2610 | &nbsp;&nbsp; 2579719 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.63% | 05/01/2054 | 3230 | &nbsp;&nbsp; 3213282 |
| Babcock Ranch Community Independent Special District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.00% | 05/01/2053 | 1500 | &nbsp;&nbsp; 1397708 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 5.25% | 05/01/2055 | 1000 | &nbsp;&nbsp; 942180 |
| Black Creek Community Development District (Expansion Area); Series 2022, RB | 5.63% | 06/15/2052 | 1500 | &nbsp;&nbsp; 1510851 |
| Broward (County of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(b)</sup> <br>| 5.00% | 10/01/2047 | 8205 | &nbsp;&nbsp; 8056744 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB | 5.00% | 09/01/2049 | 8605 | &nbsp;&nbsp; 8611204 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(b)</sup> <br>| 4.00% | 10/01/2049 | 8000 | &nbsp;&nbsp; 6815310 |
| &nbsp;&nbsp;&nbsp; Series 2019 B, RB<sup>(b)</sup> <br>| 4.00% | 09/01/2044 | 5000 | &nbsp;&nbsp; 4385413 |
| &nbsp;&nbsp;&nbsp; Series 2019 B, RB<sup>(b)</sup> <br>| 4.00% | 09/01/2049 | 10000 | &nbsp;&nbsp; 8455249 |
| Broward (County of), FL (Convention Center Expansion); Series 2021, RB | 4.00% | 09/01/2047 | 20000 | &nbsp;&nbsp; 17044210 |
| Buckeye Park Community Development District; Series 2008 A, RB | 7.88% | 05/01/2038 | 800 | &nbsp;&nbsp; 800052 |
| Capital Projects Finance Authority (Millenia Orlando); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(c)</sup> <br>| 7.25% | 01/01/2055 | 10000 | &nbsp;&nbsp; 10013081 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(c)</sup> <br>| 7.13% | 01/01/2065 | 10500 | &nbsp;&nbsp; 10152442 |
| &nbsp;&nbsp;&nbsp; Capital Projects Finance Authority (Navigator Academy of Leadership Obligated Group); <br> Series 2024, Ref. RB<sup>(c)</sup> <br>| 5.00% | 06/15/2064 | 4790 | &nbsp;&nbsp; 4191239 |
| Capital Trust Agency, Inc. (Advantage Academy of Hillsborough); Series 2019 A, RB | 5.00% | 12/15/2049 | 2360 | &nbsp;&nbsp; 2126254 |
| Capital Trust Agency, Inc. (Atlantic Housing Foundation Property); Series 2017 B, RB | 6.00% | 07/01/2042 | 2760 | &nbsp;&nbsp; 2192104 |
| Capital Trust Agency, Inc. (Elim Senior Housing, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(c)</sup> <br>| 5.63% | 08/01/2037 | 1025 | &nbsp;&nbsp; 930414 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(c)</sup> <br>| 5.88% | 08/01/2052 | 3925 | &nbsp;&nbsp; 3192803 |
| Capital Trust Agency, Inc. (Florida Charter Educational Foundation, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 5.38% | 06/15/2038 | 850 | &nbsp;&nbsp; 818898 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 5.38% | 06/15/2048 | 1590 | &nbsp;&nbsp; 1442460 |
| Capital Trust Agency, Inc. (Franklin Academy); Series 2020, RB<sup>(c)</sup> <br>| 5.00% | 12/15/2055 | 6800 | &nbsp;&nbsp; 5808031 |
| &nbsp;&nbsp;&nbsp; Capital Trust Agency, Inc. (Paragon Academy of Technology and Sunshine Elementary Charter <br> School);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB (Acquired 04/25/2019; Cost $3,735,000)<sup>(c)(f)</sup> <br>| 5.75% | 06/01/2054 | 3735 | &nbsp;&nbsp; 3090360 |
| &nbsp;&nbsp;&nbsp; Series 2019 B, RB (Acquired 04/25/2019; Cost $235,000)<sup>(c)(f)</sup> <br>| 6.00% | 06/01/2028 | 235 | &nbsp;&nbsp; 229712 |
| Capital Trust Agency, Inc. (University Bridge LLC Student Housing); Series 2018 A, RB<sup>(c)</sup> <br>| 5.25% | 12/01/2058 | 10005 | &nbsp;&nbsp; 9444289 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities 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 Agency, Inc. (Viera Charter Schools, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(c)</sup> <br>| 5.00% | 10/15/2047 | $1100 | &nbsp;&nbsp; $1020868 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(c)</sup> <br>| 5.00% | 10/15/2052 | 755 | &nbsp;&nbsp; 681845 |
| Capital Trust Authority (Academir Charter Schools, Inc.); Series 2024, Ref. RB<sup>(c)</sup> <br>| 5.25% | 06/01/2064 | 5000 | &nbsp;&nbsp; 4441801 |
| Capital Trust Authority (Central Florida Preparatory School Project); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 8.50% | 06/15/2035 | 470 | &nbsp;&nbsp; 473092 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 6.63% | 06/15/2054 | 14795 | &nbsp;&nbsp; 14555459 |
| Capital Trust Authority (Classical Academy of Sarasota (The)); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 7.00% | 07/01/2030 | 665 | &nbsp;&nbsp; 655705 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 5.25% | 07/01/2059 | 5130 | &nbsp;&nbsp; 4524746 |
| Capital Trust Authority (Florida Institute of Technology); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(c)</sup> <br>| 5.25% | 07/01/2050 | 2000 | &nbsp;&nbsp; 1905416 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(c)</sup> <br>| 5.38% | 07/01/2065 | 5095 | &nbsp;&nbsp; 4771556 |
| Capital Trust Authority (Imagine School At West Pasco Project); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 6.50% | 12/15/2053 | 2535 | &nbsp;&nbsp; 2446836 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 6.50% | 12/15/2058 | 3100 | &nbsp;&nbsp; 2968441 |
| Capital Trust Authority (Plato Academy Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.13% | 12/15/2054 | 4170 | &nbsp;&nbsp; 3748159 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.13% | 12/15/2059 | 3925 | &nbsp;&nbsp; 3476756 |
| Capital Trust Authority (St.Johns Classical Academy, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(c)</sup> <br>| 5.13% | 06/15/2050 | 410 | &nbsp;&nbsp; 375116 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(c)</sup> <br>| 5.25% | 06/15/2059 | 1000 | &nbsp;&nbsp; 912722 |
| Carlton Lakes Community Development District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, RB | 5.63% | 11/01/2036 | 760 | &nbsp;&nbsp; 768674 |
| &nbsp;&nbsp;&nbsp; Series 2015, RB | 5.75% | 11/01/2047 | 1855 | &nbsp;&nbsp; 1862704 |
| Center Lake Ranch West Community Development District; Series 2023, RB | 6.00% | 05/01/2054 | 2490 | &nbsp;&nbsp; 2515301 |
| Chapel Creek Community Development District; Series 2006 A, RB<sup>(h)(k)</sup> <br>| 5.50% | 05/01/2038 | 4185 | &nbsp;&nbsp; 2803950 |
| &nbsp;&nbsp;&nbsp; Clearwater Cay Community Development District; Series 2006 A, RB (Acquired 02/16/2010; <br> Cost $8,262,441)<sup>(f)(h)(k)</sup> <br>| 5.50% | 05/01/2037 | 13074 | &nbsp;&nbsp; 5883326 |
| Coastal Ridge Community Development District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.75% | 05/01/2045 | 2015 | &nbsp;&nbsp; 2014808 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 6.00% | 05/01/2055 | 2200 | &nbsp;&nbsp; 2193022 |
| Collier (County of), FL Industrial Development Authority (Gulf Coast Academy South); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(c)</sup> <br>| 5.00% | 12/01/2037 | 1150 | &nbsp;&nbsp; 1113449 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(c)</sup> <br>| 5.00% | 12/01/2047 | 1875 | &nbsp;&nbsp; 1683749 |
| Creekside Community Development District; Series 2006, RB<sup>(h)(k)</sup> <br>| 5.20% | 05/01/2038 | 1533 | &nbsp;&nbsp; 766322 |
| Creekview Community Development District (Phase 2); Series 2024, RB | 5.63% | 05/01/2055 | 3500 | &nbsp;&nbsp; 3289529 |
| CrossCreek Community Development District; Series 2016 A, RB | 5.60% | 05/01/2037 | 65 | &nbsp;&nbsp; 65078 |
| Crosswinds East Community Development District (Assessment Area One); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.50% | 05/01/2044 | 1000 | &nbsp;&nbsp; 983240 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.75% | 05/01/2054 | 1230 | &nbsp;&nbsp; 1199285 |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(b)(c)(d)</sup> <br>| 12.00% | 07/15/2028 | 38125 | &nbsp;&nbsp; 39588192 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(b)</sup> <br>| 5.00% | 07/01/2041 | 18710 | &nbsp;&nbsp; 17191225 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(b)(e)</sup> <br>| 5.00% | 07/01/2044 | 25500 | &nbsp;&nbsp; 24976373 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(b)</sup> <br>| 5.25% | 07/01/2047 | 81645 | &nbsp;&nbsp; 75076799 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(b)(e)</sup> <br>| 5.25% | 07/01/2053 | 29285 | &nbsp;&nbsp; 28817163 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(b)</sup> <br>| 5.50% | 07/01/2053 | 2245 | &nbsp;&nbsp; 2110613 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(b)(c)(d)</sup> <br>| 8.25% | 08/13/2025 | 31600 | &nbsp;&nbsp; 32176741 |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail); Series 2024, RB<sup>(b)(c)(d)</sup> <br>| 10.00% | 07/15/2028 | 27400 | &nbsp;&nbsp; 27989566 |
| Florida Development Finance Corp. (Central Charter School); Series 2022, Ref. RB<sup>(c)</sup> <br>| 6.00% | 08/15/2057 | 3250 | &nbsp;&nbsp; 2985263 |
| Florida Development Finance Corp. (Florida Charter Foundation, Inc.); Series 2016 A, RB<sup>(c)</sup> <br>| 5.00% | 07/15/2046 | 6045 | &nbsp;&nbsp; 5463759 |
| Florida Development Finance Corp. (GFL Solid Waste Southeast LLC); Series 2024, RB<sup>(b)(c)(d)</sup> <br>| 4.38% | 10/01/2031 | 8000 | &nbsp;&nbsp; 7968560 |
| Florida Development Finance Corp. (Learning Gate Community School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 02/15/2038 | 300 | &nbsp;&nbsp; 293108 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 02/15/2048 | 985 | &nbsp;&nbsp; 894099 |
| Gas Worx Community Development District; Series 2025, RB<sup>(c)</sup> <br>| 6.00% | 05/01/2057 | 2250 | &nbsp;&nbsp; 2217332 |
| Glades Correctional Development Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB (Acquired 03/07/2006-12/12/2011; Cost $4,209,209)<sup>(f)(k)</sup> <br>| 7.00% | 03/01/2030 | 4209 | &nbsp;&nbsp; 1683684 |
| &nbsp;&nbsp;&nbsp; Series 2017 B, RB (Acquired 03/07/2006-12/12/2011; Cost $59,638)<sup>(f)(j)</sup> <br>| 0.00% | 03/01/2030 | 2393 | &nbsp;&nbsp; 95717 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities 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)** |
| Greater Orlando Aviation Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(b)</sup> <br>| 4.00% | 10/01/2052 | $25100 | &nbsp;&nbsp; $21023624 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(b)</sup> <br>| 4.00% | 10/01/2044 | 13180 | &nbsp;&nbsp; 11783787 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(b)</sup> <br>| 4.00% | 10/01/2049 | 16490 | &nbsp;&nbsp; 14089209 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(b)</sup> <br>| 5.00% | 10/01/2046 | 14985 | &nbsp;&nbsp; 14925595 |
| Hamilton Bluff Community Development District (Assessment Area One); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.50% | 05/01/2044 | 1000 | &nbsp;&nbsp; 969684 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.80% | 05/01/2054 | 1000 | &nbsp;&nbsp; 957950 |
| Highland Meadows Community Development District; Series 2006 A, RB | 5.50% | 05/01/2036 | 230 | &nbsp;&nbsp; 230122 |
| Hillsborough (County of), FL; Series 2025, RB<sup>(i)</sup> <br>| 5.25% | 11/15/2049 | 21985 | &nbsp;&nbsp; 22754134 |
| Hillsborough (County of), FL Aviation Authority; Series 2022, RB<sup>(b)(i)</sup> <br>| 5.00% | 10/01/2047 | 10000 | &nbsp;&nbsp; 9911127 |
| &nbsp;&nbsp;&nbsp; Hillsborough (County of), FL Aviation Authority (Tampa International Airport); Series 2022 A, <br> RB<sup>(b)</sup> <br>| 4.00% | 10/01/2052 | 14800 | &nbsp;&nbsp; 12396400 |
| Hobe-St. Lucie Conservancy District; Series 2024, RB | 5.60% | 05/01/2044 | 1900 | &nbsp;&nbsp; 1896635 |
| Hyde Park Community Development District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB | 5.35% | 05/01/2044 | 420 | &nbsp;&nbsp; 401466 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB | 5.63% | 05/01/2055 | 685 | &nbsp;&nbsp; 648316 |
| Indigo Community Development District; Series 2005, RB<sup>(h)</sup> <br>| 5.75% | 05/01/2036 | 2775 | &nbsp;&nbsp; 2359106 |
| JEA Water & Sewer System; Series 2025, RB<sup>(i)</sup> <br>| 5.25% | 10/01/2055 | 20000 | &nbsp;&nbsp; 20739602 |
| Lake (County of), FL (Imagine South Lake Charter School Program); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(c)</sup> <br>| 5.00% | 01/15/2049 | 820 | &nbsp;&nbsp; 718394 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(c)</sup> <br>| 5.00% | 01/15/2054 | 635 | &nbsp;&nbsp; 542649 |
| Lake (County of), FL (Lakeside at Waterman Village); Series 2020 A, Ref. RB | 5.75% | 08/15/2055 | 2000 | &nbsp;&nbsp; 1828591 |
| &nbsp;&nbsp;&nbsp; Lake (County of), FL (Village Veranda at Lady Lake); Series 2017 A-1, RB (Acquired <br> 10/27/2017-01/11/2022; Cost $19,462,050)<sup>(c)(f)(k)</sup> <br>| 7.13% | 01/01/2052 | 21000 | &nbsp;&nbsp; 13230000 |
| Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 5.50% | 07/15/2048 | 1685 | &nbsp;&nbsp; 1561596 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 5.75% | 07/15/2053 | 1830 | &nbsp;&nbsp; 1727411 |
| Lakes of Sarasota Community Development District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB | 5.30% | 05/01/2044 | 425 | &nbsp;&nbsp; 403812 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB | 5.60% | 05/01/2055 | 685 | &nbsp;&nbsp; 644148 |
| Lakeside Preserve Community Development District (Series 2023); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 6.00% | 05/01/2043 | 1000 | &nbsp;&nbsp; 1020890 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 6.38% | 05/01/2054 | 1320 | &nbsp;&nbsp; 1353595 |
| Lakewood Ranch Stewardship District (Palm Grove); Series 2024, RB | 5.50% | 05/01/2055 | 765 | &nbsp;&nbsp; 721945 |
| Lee (County of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB<sup>(b)</sup> <br>| 5.00% | 10/01/2046 | 21500 | &nbsp;&nbsp; 21276088 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB<sup>(b)</sup> <br>| 4.00% | 10/01/2051 | 10000 | &nbsp;&nbsp; 8357059 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)</sup> <br>| 5.25% | 10/01/2049 | 27650 | &nbsp;&nbsp; 27983130 |
| Lee (County of), FL Industrial Development Authority (Preserve (The)); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(c)</sup> <br>| 5.38% | 12/01/2032 | 1000 | &nbsp;&nbsp; 777124 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(c)</sup> <br>| 5.63% | 12/01/2037 | 3380 | &nbsp;&nbsp; 2540126 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(c)</sup> <br>| 5.75% | 12/01/2052 | 18210 | &nbsp;&nbsp; 12879937 |
| Lee (County of), FL Industrial Development Authority (Preserve); Series 2017 A, RB<sup>(c)</sup> <br>| 5.00% | 12/01/2027 | 325 | &nbsp;&nbsp; 265646 |
| Legends Bay Community Development District; Series 2007 A, RB | 5.88% | 05/01/2038 | 2065 | &nbsp;&nbsp; 2066415 |
| Lowery Hills Community Development District (Assessment Area One); Series 2025, RB<sup>(c)</sup> <br>| 5.85% | 05/01/2055 | 1000 | &nbsp;&nbsp; 952247 |
| Madeira Community Development District (Assessment Area No.2); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.50% | 05/01/2045 | 1000 | &nbsp;&nbsp; 954540 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.80% | 05/01/2055 | 1650 | &nbsp;&nbsp; 1572955 |
| Magnolia Creek Community Development District; Series 2007 A, RB | 5.90% | 05/01/2039 | 510 | &nbsp;&nbsp; 463539 |
| Magnolia West Community Development District; Series 2017, RB | 5.35% | 05/01/2037 | 155 | &nbsp;&nbsp; 155987 |
| Miami Beach (City of), FL; Series 2025, RB<sup>(i)</sup> <br>| 5.25% | 10/01/2054 | 17000 | &nbsp;&nbsp; 17512212 |
| Miami-Dade (County of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 A, Ref. RB<sup>(b)</sup> <br>| 5.00% | 10/01/2047 | 42145 | &nbsp;&nbsp; 40848333 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(i)</sup> <br>| 5.00% | 07/01/2052 | 35475 | &nbsp;&nbsp; 35621132 |
| &nbsp;&nbsp;&nbsp; Subseries 2021 B-1, Ref. RB<sup>(b)</sup> <br>| 4.00% | 10/01/2046 | 16935 | &nbsp;&nbsp; 14465577 |
| &nbsp;&nbsp;&nbsp; Subseries 2021 B-1, Ref. RB<sup>(b)</sup> <br>| 4.00% | 10/01/2050 | 44465 | &nbsp;&nbsp; 37040835 |
| Miami-Dade (County of), FL Expressway Authority; Series 2010 A, RB | 5.00% | 07/01/2040 | 8420 | &nbsp;&nbsp; 8419662 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** |
| Miami-Dade (County of), FL Transit System; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB | 4.00% | 07/01/2045 | $11000 | &nbsp;&nbsp; $9910120 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.00% | 07/01/2048 | 8035 | &nbsp;&nbsp; 8114240 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(i)</sup> <br>| 5.00% | 07/01/2050 | 14210 | &nbsp;&nbsp; 14291061 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(i)</sup> <br>| 5.00% | 07/01/2051 | 30980 | &nbsp;&nbsp; 31131034 |
| Middleton Community Development District A; Series 2024, RB | 4.75% | 05/01/2055 | 2600 | &nbsp;&nbsp; 2378327 |
| &nbsp;&nbsp;&nbsp; Nassau (County of), FL (Nassau Care Centers, Inc.); Series 2008, RB (Acquired 12/27/2007; <br> Cost $7,970,000)<sup>(f)</sup> <br>| 6.90% | 01/01/2038 | 7970 | &nbsp;&nbsp; 7660737 |
| Naturewalk Community Development District; Series 2007 A, RB<sup>(h)(k)</sup> <br>| 5.50% | 05/01/2038 | 4345 | &nbsp;&nbsp; 1651100 |
| North AR-1 Pasco Community Development District (Assessment Area Three); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.75% | 05/01/2043 | 535 | &nbsp;&nbsp; 536417 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 6.00% | 05/01/2054 | 800 | &nbsp;&nbsp; 802386 |
| Northridge Community Development District; Series 2025, RB<sup>(c)</sup> <br>| 6.00% | 05/01/2055 | 2335 | &nbsp;&nbsp; 2302121 |
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 4.50% | 10/01/2056 | 6250 | &nbsp;&nbsp; 5672062 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.25% | 10/01/2056 | 10030 | &nbsp;&nbsp; 10080189 |
| Osceola (County of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A-2, Ref. RB<sup>(j)</sup> <br>| 0.00% | 10/01/2051 | 4775 | &nbsp;&nbsp; 1166232 |
| &nbsp;&nbsp;&nbsp; Series 2020 A-2, Ref. RB<sup>(j)</sup> <br>| 0.00% | 10/01/2054 | 4570 | &nbsp;&nbsp; 940752 |
| &nbsp;&nbsp;&nbsp; Palm Beach (County of), FL Health Facilities Authority (ACTS Retirement-Life Communities, Inc.); <br> Series 2025, Ref. RB<br>| 5.00% | 11/15/2055 | 10000 | &nbsp;&nbsp; 9500440 |
| &nbsp;&nbsp;&nbsp; Palm Beach (County of), FL Health Facilities Authority (Baptist Health South Florida); <br> Series 2019, RB<br>| 4.00% | 08/15/2049 | 5000 | &nbsp;&nbsp; 4148604 |
| Palm Beach (County of), FL Health Facilities Authority (Lifespace Communities, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, Ref. RB | 7.50% | 05/15/2053 | 1000 | &nbsp;&nbsp; 1103520 |
| &nbsp;&nbsp;&nbsp; Series 2023, Ref. RB | 7.63% | 05/15/2058 | 2500 | &nbsp;&nbsp; 2766002 |
| Palm Coast Park Community Development District; Series 2006, RB | 5.70% | 05/01/2037 | 6870 | &nbsp;&nbsp; 6956122 |
| Parrish Lakes Community Development District; Series 2024, RB | 5.80% | 05/01/2054 | 1550 | &nbsp;&nbsp; 1462813 |
| &nbsp;&nbsp;&nbsp; Polk (County of), FL Industrial Development Authority (Mineral Development LLC); Series 2020, <br> RB (Acquired 10/23/2020-02/06/2023; Cost $22,420,234)<sup>(b)(c)(f)(k)</sup> <br>| 5.88% | 01/01/2033 | 22370 | &nbsp;&nbsp; 12974600 |
| &nbsp;&nbsp;&nbsp; Portofino Isles Community Development District (Portofino Court); Series 2005, RB (Acquired <br> 12/18/2009-08/18/2010; Cost $6,215,170)<sup>(f)(k)</sup> <br>| 5.60% | 05/01/2036 | 5905 | &nbsp;&nbsp; 2952500 |
| &nbsp;&nbsp;&nbsp; Ranches at Lake Mcleod Community Development District (Assessment Area Two); Series 2025, <br> RB<br>| 5.65% | 06/15/2055 | 1000 | &nbsp;&nbsp; 955073 |
| Reunion East Community Development District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002 A-2, RB<sup>(k)</sup> <br>| 7.38% | 05/01/2033 | 1425 | &nbsp;&nbsp; 14 |
| &nbsp;&nbsp;&nbsp; Series 2005, RB<sup>(k)</sup> <br>| 5.80% | 05/01/2036 | 3420 | &nbsp;&nbsp; 34 |
| Ridgewood Trails Community Development District; Series 2007 A, RB | 5.65% | 05/01/2038 | 105 | &nbsp;&nbsp; 105052 |
| Sawgrass Village Community Development District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 6.13% | 11/01/2043 | 1200 | &nbsp;&nbsp; 1230297 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 6.38% | 11/01/2053 | 1400 | &nbsp;&nbsp; 1433705 |
| Sawgrass Village Community Development District (Series 2023); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.50% | 05/01/2043 | 1500 | &nbsp;&nbsp; 1488615 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.75% | 05/01/2053 | 2320 | &nbsp;&nbsp; 2278923 |
| &nbsp;&nbsp;&nbsp; Seminole (County of), FL Industrial Development Authority (Progressive Healthcare <br> Providers/Fern Park, LLC Facility); Series 2005 A, RB<br>| 7.50% | 03/01/2035 | 2760 | &nbsp;&nbsp; 2530122 |
| Six Mile Creek Community Development District (2023 Project Area); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, Ref. RB | 5.50% | 05/01/2043 | 1200 | &nbsp;&nbsp; 1204746 |
| &nbsp;&nbsp;&nbsp; Series 2023, Ref. RB | 5.70% | 05/01/2054 | 1255 | &nbsp;&nbsp; 1256417 |
| South Bay Community Development District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005 A, RB<sup>(k)</sup> <br>| 5.95% | 05/01/2036 | 5110 | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, Ref. RB | 5.95% | 05/01/2036 | 4975 | &nbsp;&nbsp; 4975394 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-2, Ref. RB<sup>(k)</sup> <br>| 6.60% | 05/01/2036 | 3800 | &nbsp;&nbsp; 1900000 |
| Tern Bay Community Development District; Series 2005 A, RB | 5.38% | 05/01/2037 | 485 | &nbsp;&nbsp; 485252 |
| Tolomato Community Development District; Series 2024, RB | 5.13% | 05/01/2054 | 885 | &nbsp;&nbsp; 809618 |
| Town Center at Palm Coast Community Development District; Series 2005, RB | 6.00% | 05/01/2036 | 8490 | &nbsp;&nbsp; 8494567 |
| Tradition Community Development District No. 9; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.40% | 05/01/2045 | 715 | &nbsp;&nbsp; 683860 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.65% | 05/01/2056 | 1000 | &nbsp;&nbsp; 950530 |
| Two Lakes Community Development District; Series 2024, RB | 5.00% | 05/01/2055 | 1500 | &nbsp;&nbsp; 1436378 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities 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)** |
| V-Dana Community Development District (Assessment Area Two - 2023 Project Area); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.25% | 05/01/2043 | $1945 | &nbsp;&nbsp; $1916719 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.50% | 05/01/2054 | 2185 | &nbsp;&nbsp; 2138094 |
| Venice (City of), FL (Village on the Isle); Series 2024 A, RB<sup>(c)</sup> <br>| 5.63% | 01/01/2060 | 2000 | &nbsp;&nbsp; 1892902 |
| Villages of Avignon Community Development District (The); Series 2007 A, RB<sup>(k)</sup> <br>| 5.40% | 05/01/2037 | 755 | &nbsp;&nbsp; 37750 |
| Villages of Glen Creek Community Development District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A-1, RB | 4.75% | 05/01/2026 | 80 | &nbsp;&nbsp; 80331 |
| &nbsp;&nbsp;&nbsp; Series 2016 A-1, RB | 5.25% | 05/01/2036 | 1080 | &nbsp;&nbsp; 1084012 |
| &nbsp;&nbsp;&nbsp; Series 2016 A-1, RB | 5.38% | 05/01/2046 | 1815 | &nbsp;&nbsp; 1810271 |
| &nbsp;&nbsp;&nbsp; Series 2016 A-2, RB | 5.38% | 05/01/2046 | 1350 | &nbsp;&nbsp; 1346482 |
| Waterford Estates Community Development District; Series 2006 A, RB | 5.50% | 05/01/2037 | 1940 | &nbsp;&nbsp; 1944852 |
| Waterstone Community Development District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB<sup>(g)</sup> <br>| 6.88% | 05/01/2037 | 1214 | &nbsp;&nbsp; 848730 |
| &nbsp;&nbsp;&nbsp; Series 2007 B, RB<sup>(j)</sup> <br>| 0.00% | 11/01/2028 | 2072 | &nbsp;&nbsp; 1871294 |
| West Villages Improvement District (Develepmont Unit No. 10); Series 2024, RB | 5.63% | 05/01/2054 | 995 | &nbsp;&nbsp; 943854 |
| West Villages Improvement District (Develepmont Unit No. 2); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB | 5.75% | 05/01/2036 | 6460 | &nbsp;&nbsp; 6465585 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-2, RB<sup>(k)</sup> <br>| 5.75% | 05/01/2036 | 7610 | &nbsp;&nbsp; 4413800 |
| West Villages Improvement District (Develepmont Unit No. 7); Series 2021, RB | 4.00% | 05/01/2051 | 555 | &nbsp;&nbsp; 429092 |
| West Villages Improvement District (Development Unit No. 8); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.38% | 05/01/2042 | 1500 | &nbsp;&nbsp; 1508702 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.50% | 05/01/2053 | 2500 | &nbsp;&nbsp; 2440843 |
| West Villages Improvement District (Development Unit No. 9); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.38% | 05/01/2043 | 1500 | &nbsp;&nbsp; 1507408 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.63% | 05/01/2053 | 1500 | &nbsp;&nbsp; 1507100 |
| Westridge Community Development District; Series 2005, RB | 5.80% | 05/01/2037 | 1210 | &nbsp;&nbsp; 1210289 |
| Westside Community Development District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-2, RB<sup>(h)</sup> <br>| 5.65% | 05/01/2037 | 1010 | &nbsp;&nbsp; 808205 |
| &nbsp;&nbsp;&nbsp; Series 2019-2, RB<sup>(h)</sup> <br>| 7.20% | 05/01/2038 | 520 | &nbsp;&nbsp; 473327 |
| Westview South Community Development District (Assessment Area One - 2023 Project Area); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.38% | 05/01/2043 | 1355 | &nbsp;&nbsp; 1334722 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.60% | 05/01/2053 | 2035 | &nbsp;&nbsp; 1995637 |
| Wildwood (City of), FL Village Community Development Disctrict No. 15; Series 2024, RB<sup>(c)</sup> <br>| 4.80% | 05/01/2055 | 6500 | &nbsp;&nbsp; 5966947 |
| Zephyr Ridge Community Development District; Series 2006 A, RB<sup>(k)</sup> <br>| 5.63% | 05/01/2037 | 2635 | &nbsp;&nbsp; 1448962 |
|  |  |  |  | &nbsp;&nbsp; 1078212166 |
| **Georgia–1.64%** | **Georgia–1.64%** | **Georgia–1.64%** | **Georgia–1.64%** | **Georgia–1.64%** |
| Atlanta (City of), GA (Green Bonds); Series 2023, RB<sup>(b)</sup> <br>| 5.25% | 07/01/2043 | 11475 | &nbsp;&nbsp; 11822030 |
| Atlanta Development Authority (The); Series 2024, Revenue Ctfs.<sup>(c)</sup> <br>| 5.56% | 12/15/2048 | 25000 | &nbsp;&nbsp; 21737850 |
| Bulloch (County of), GA Development Authority (Statesboro Steam Academy); Series 2024, RB<sup>(c)</sup> <br>| 6.75% | 06/15/2064 | 1750 | &nbsp;&nbsp; 1688664 |
| Cobb (County of), GA Development Authority (The) (Northwest Classical Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 6.00% | 06/15/2043 | 480 | &nbsp;&nbsp; 474960 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 6.40% | 06/15/2053 | 1850 | &nbsp;&nbsp; 1818976 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 6.38% | 06/15/2058 | 1250 | &nbsp;&nbsp; 1206901 |
| Conyers (City of), GA (Salem Gate); Series 2021, RB | 5.00% | 03/01/2045 | 5485 | &nbsp;&nbsp; 4608556 |
| Development Authority of Lagrange (College); Series 2021, Ref. RB | 5.00% | 10/15/2052 | 8000 | &nbsp;&nbsp; 6541067 |
| Floyd (County of), GA Development Authority (The Spires at Berry College); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.75% | 12/01/2033 | 3100 | &nbsp;&nbsp; 3099668 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 6.00% | 12/01/2038 | 6850 | &nbsp;&nbsp; 6699770 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 6.25% | 12/01/2048 | 19530 | &nbsp;&nbsp; 18380244 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 6.50% | 12/01/2053 | 13210 | &nbsp;&nbsp; 12608180 |
| Gainesville (City of) & Hall (County of), GA Development Authority (Riverside Military Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(k)</sup> <br>| 5.00% | 03/01/2027 | 1430 | &nbsp;&nbsp; 858000 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 03/01/2037 | 6885 | &nbsp;&nbsp; 4131000 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 03/01/2047 | 8860 | &nbsp;&nbsp; 5316000 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.13% | 03/01/2052 | 3475 | &nbsp;&nbsp; 2085000 |
| George L Smith II Congress Center Authority (Convention Center Hotel); Series 2021, RB<sup>(c)</sup> <br>| 5.00% | 01/01/2054 | 4750 | &nbsp;&nbsp; 4266701 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Georgia–(continued)** | **Georgia–(continued)** | **Georgia–(continued)** | **Georgia–(continued)** | **Georgia–(continued)** |
| Georgia (State of) Housing & Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 4.65% | 12/01/2050 | $10145 | &nbsp;&nbsp; $9921912 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 4.70% | 12/01/2055 | 14725 | &nbsp;&nbsp; 14230960 |
| Marietta (City of), GA Developing Authority (Life University, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB<sup>(c)</sup> <br>| 5.00% | 11/01/2037 | 8000 | &nbsp;&nbsp; 7616554 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB<sup>(c)</sup> <br>| 5.00% | 11/01/2047 | 2000 | &nbsp;&nbsp; 1762600 |
| Oconee (County of), GA Industrial Development Authority (Presbyterian Village Athens); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 6.13% | 12/01/2038 | 2635 | &nbsp;&nbsp; 2640089 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 6.25% | 12/01/2048 | 3675 | &nbsp;&nbsp; 3508489 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 6.38% | 12/01/2053 | 3090 | &nbsp;&nbsp; 2934399 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-2, RB<sup>(d)</sup> <br>| 5.50% | 12/01/2028 | 2035 | &nbsp;&nbsp; 1958975 |
|  |  |  |  | &nbsp;&nbsp; 151917545 |
| **Hawaii–0.61%** | **Hawaii–0.61%** | **Hawaii–0.61%** | **Hawaii–0.61%** | **Hawaii–0.61%** |
| Hawaii (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-XX1217, RB (INS - BAM)<sup>(b)(e)(i)(m)</sup> <br>| 5.00% | 07/01/2051 | 32450 | &nbsp;&nbsp; 32048759 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(i)</sup> <br>| 5.50% | 07/01/2052 | 22785 | &nbsp;&nbsp; 23969758 |
|  |  |  |  | &nbsp;&nbsp; 56018517 |
| **Idaho–0.23%** | **Idaho–0.23%** | **Idaho–0.23%** | **Idaho–0.23%** | **Idaho–0.23%** |
| Avimor Community Infrastructure District No. 1 (Assessment Area Six); Series 2024 B, RB<sup>(c)</sup> <br>| 5.50% | 09/01/2053 | 2000 | &nbsp;&nbsp; 1937612 |
| Idaho (State of) Health Facilities Authority (St. Luke's Health ystem); Series 2025, Ref. RB | 5.25% | 03/01/2053 | 10000 | &nbsp;&nbsp; 10111410 |
| Idaho (State of) Health Facilities Authority (Valley Vista Care Corp.); Series 2017 A, Ref. RB | 5.25% | 11/15/2047 | 960 | &nbsp;&nbsp; 709058 |
| Idaho (State of) Housing & Finance Association; Series 2023 A, RB | 4.00% | 08/15/2048 | 7750 | &nbsp;&nbsp; 6954056 |
| Idaho (State of) Housing & Finance Association (Compass Public Charter School, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 6.00% | 07/01/2039 | 370 | &nbsp;&nbsp; 375023 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 6.00% | 07/01/2054 | 1135 | &nbsp;&nbsp; 1136410 |
|  |  |  |  | &nbsp;&nbsp; 21223569 |
| **Illinois–2.52%** | **Illinois–2.52%** | **Illinois–2.52%** | **Illinois–2.52%** | **Illinois–2.52%** |
| Chicago (City of), IL (Cottage View Terrace Apartments); Series 2000 A, RB (CEP - GNMA)<sup>(b)</sup> <br>| 6.13% | 02/20/2042 | 30 | &nbsp;&nbsp; 30004 |
| Chicago (City of), IL (O'Hare International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(b)</sup> <br>| 5.25% | 01/01/2053 | 11140 | &nbsp;&nbsp; 11106682 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(b)</sup> <br>| 5.50% | 01/01/2055 | 13000 | &nbsp;&nbsp; 13321004 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB<sup>(b)</sup> <br>| 5.50% | 01/01/2059 | 16860 | &nbsp;&nbsp; 17378234 |
| Chicago (City of), IL Board of Education; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012 A, GO Bonds | 5.00% | 12/01/2042 | 2200 | &nbsp;&nbsp; 1996163 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. GO Bonds | 7.00% | 12/01/2044 | 7000 | &nbsp;&nbsp; 7044385 |
| &nbsp;&nbsp;&nbsp; Series 2016 B, GO Bonds | 6.50% | 12/01/2046 | 1500 | &nbsp;&nbsp; 1516381 |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 6.00% | 04/01/2046 | 5700 | &nbsp;&nbsp; 5792990 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB | 5.00% | 04/01/2046 | 7555 | &nbsp;&nbsp; 7466896 |
| Du Page (County of), IL Special Service Area No. 31 (Monarch Landing, Inc.); Series 2006, RB | 5.63% | 03/01/2036 | 695 | &nbsp;&nbsp; 682329 |
| &nbsp;&nbsp;&nbsp; Eastern Illinois Economic Development Authority (Remington Road & I-57 Business District); <br> Series 2023, RB<br>| 6.00% | 05/01/2046 | 5000 | &nbsp;&nbsp; 4908897 |
| Evanston (City of), IL (Roycemore School); Series 2021, RB<sup>(c)</sup> <br>| 4.63% | 04/01/2051 | 1250 | &nbsp;&nbsp; 895194 |
| Gilberts (Village of), IL Special Service Area No. 24 (The Conservancy); Subseries 2014 A, RB | 5.38% | 03/01/2034 | 1726 | &nbsp;&nbsp; 1607303 |
| Harvey (City of), IL; Series 2023 A, GO Bonds | 4.50% | 01/01/2054 | 11282 | &nbsp;&nbsp; 9193340 |
| Illinois (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 C, GO Bonds | 5.00% | 11/01/2029 | 625 | &nbsp;&nbsp; 644929 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. GO Bonds | 5.00% | 10/01/2029 | 6500 | &nbsp;&nbsp; 6782321 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. GO Bonds | 5.00% | 10/01/2033 | 3360 | &nbsp;&nbsp; 3469333 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds | 5.25% | 05/01/2049 | 4000 | &nbsp;&nbsp; 4036839 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, GO Bonds | 4.00% | 10/01/2044 | 15000 | &nbsp;&nbsp; 12826152 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, GO Bonds | 4.00% | 10/01/2048 | 36800 | &nbsp;&nbsp; 30668067 |
| Illinois (State of) (Rebuild Illinois Program); Series 2019 B, GO Bonds | 4.00% | 11/01/2035 | 1930 | &nbsp;&nbsp; 1878154 |
| Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.); Series 2002, RB<sup>(b)</sup> <br>| 8.00% | 06/01/2032 | 2940 | &nbsp;&nbsp; 2943048 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Illinois–(continued)** | **Illinois–(continued)** | **Illinois–(continued)** | **Illinois–(continued)** | **Illinois–(continued)** |
| Illinois (State of) Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB (Acquired 06/05/2018; Cost $1,791,742)<sup>(f)</sup> <br>| 5.00% | 02/15/2027 | $1784 | &nbsp;&nbsp; $14268 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB (Acquired 04/03/2019; Cost $5,371,154)<sup>(f)</sup> <br>| 5.00% | 02/15/2037 | 6243 | &nbsp;&nbsp; 49940 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 08/01/2042 | 575 | &nbsp;&nbsp; 564406 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB (Acquired 05/07/2019; Cost $2,465,447)<sup>(f)</sup> <br>| 5.13% | 02/15/2045 | 2782 | &nbsp;&nbsp; 22259 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(c)</sup> <br>| 5.88% | 09/01/2046 | 9250 | &nbsp;&nbsp; 9014578 |
| Illinois (State of) Finance Authority (Admiral at the Lake (The)); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.13% | 05/15/2038 | 2075 | &nbsp;&nbsp; 1779371 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.25% | 05/15/2042 | 3220 | &nbsp;&nbsp; 2611221 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.25% | 05/15/2054 | 6825 | &nbsp;&nbsp; 4932234 |
| Illinois (State of) Finance Authority (DePaul College Prep Foundation); Series 2023, Ref. RB<sup>(c)</sup> <br>| 5.63% | 08/01/2053 | 3500 | &nbsp;&nbsp; 3557534 |
| Illinois (State of) Finance Authority (Dominican University); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB | 5.00% | 03/01/2047 | 1100 | &nbsp;&nbsp; 979930 |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB | 5.00% | 03/01/2052 | 1080 | &nbsp;&nbsp; 930694 |
| &nbsp;&nbsp;&nbsp; Illinois (State of) Finance Authority (Lutheran Communities Obligated Group); Series 2019 A, <br> Ref. RB (Acquired 11/27/2019-04/03/2020; Cost $2,320,554)<sup>(f)</sup> <br>| 5.00% | 11/01/2049 | 2450 | &nbsp;&nbsp; 1641500 |
| Illinois (State of) Finance Authority (OSF Healthcare System); Series 2015 A, Ref. RB | 5.00% | 11/15/2045 | 13000 | &nbsp;&nbsp; 12602126 |
| Illinois (State of) Finance Authority (Rogers Park Montessori School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB | 6.00% | 02/01/2034 | 535 | &nbsp;&nbsp; 535117 |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB | 6.13% | 02/01/2045 | 1000 | &nbsp;&nbsp; 999982 |
| Illinois (State of) Finance Authority (Rosalind Franklin University); Series 2017, Ref. RB | 5.00% | 08/01/2047 | 700 | &nbsp;&nbsp; 669556 |
| Illinois (State of) Finance Authority (Villa St. Benedict); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 6.13% | 11/15/2035 | 2970 | &nbsp;&nbsp; 2975489 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 6.38% | 11/15/2043 | 4400 | &nbsp;&nbsp; 4402557 |
| Illinois (State of) Housing Development Authority (Stonebridge of Gurnee); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(c)</sup> <br>| 5.45% | 01/01/2046 | 1640 | &nbsp;&nbsp; 1532808 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(c)</sup> <br>| 5.60% | 01/01/2056 | 1775 | &nbsp;&nbsp; 1631167 |
| &nbsp;&nbsp;&nbsp; Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion); <br> Series 2012 B, RB (INS - AGI)<sup>(e)(j)</sup> <br>| 0.00% | 12/15/2041 | 5000 | &nbsp;&nbsp; 2226890 |
| Marion (City of), IL (Star Bond District Area No. 1); Series 2025, RB | 6.63% | 06/01/2055 | 25515 | &nbsp;&nbsp; 25225285 |
| Marion (City of), IL (Star Bond District Project Area No. 1); Series 2025, RB | 6.38% | 06/01/2045 | 1000 | &nbsp;&nbsp; 986689 |
| Matteson (Village of), IL; Series 2015, RB | 6.50% | 12/01/2035 | 1160 | &nbsp;&nbsp; 1187744 |
| Morton Grove (Village of), IL (Sawmill Station Redevelopment); Series 2019, RB | 5.00% | 01/01/2039 | 2000 | &nbsp;&nbsp; 1895445 |
| Plano (City of), IL Special Service Area No. 5 (Lakewood Springs Club); Series 2006, RB | 6.00% | 03/01/2036 | 1066 | &nbsp;&nbsp; 985107 |
| Southwestern Illinois Development Authority; Series 2006, RB<sup>(k)</sup> <br>| 5.63% | 11/01/2026 | 657 | &nbsp;&nbsp; 138030 |
| Villa Park (Village of), IL (Garden Station Redevelopment); Series 2021, RB<sup>(j)</sup> <br>| 4.50% | 12/31/2038 | 1915 | &nbsp;&nbsp; 1564801 |
| Volo (Village of), IL Special Service Area No. 17; Series 2017, Ref. RB | 5.50% | 03/01/2047 | 1187 | &nbsp;&nbsp; 1140730 |
|  |  |  |  | &nbsp;&nbsp; 232986103 |
| **Indiana–1.52%** | **Indiana–1.52%** | **Indiana–1.52%** | **Indiana–1.52%** | **Indiana–1.52%** |
| Allen (County of), OH (Evergreen Village Fort Wayne); Series 2019, RB | 6.38% | 02/01/2039 | 10000 | &nbsp;&nbsp; 9955941 |
| Anderson (City of), IN (Sweet Galilee at the Wigwam); Series 2020, RB<sup>(c)</sup> <br>| 5.38% | 01/01/2040 | 2745 | &nbsp;&nbsp; 2374034 |
| Columbus (City of), IN (Vivera Senior Living); Series 2019, RB | 5.63% | 05/01/2039 | 11715 | &nbsp;&nbsp; 10515011 |
| Evansville (City of), IN (Silver Birch of Evansville); Series 2017, RB | 5.45% | 01/01/2038 | 3430 | &nbsp;&nbsp; 3051603 |
| Fort Wayne (City of), IN (Silver Birch at Cook Road); Series 2018, RB<sup>(c)</sup> <br>| 5.63% | 01/01/2038 | 7000 | &nbsp;&nbsp; 6243195 |
| Fort Wayne (City of), IN (Silver Birch of Fort Wayne); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.13% | 01/01/2032 | 400 | &nbsp;&nbsp; 365179 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.35% | 01/01/2038 | 3850 | &nbsp;&nbsp; 3239849 |
| Indiana (State of) Finance Authority; Series 2017, Ref. RB | 5.38% | 07/01/2047 | 2050 | &nbsp;&nbsp; 1904039 |
| Indiana (State of) Finance Authority (Irvington Community School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB<sup>(c)</sup> <br>| 5.90% | 07/01/2038 | 770 | &nbsp;&nbsp; 758043 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB<sup>(c)</sup> <br>| 6.00% | 07/01/2048 | 1185 | &nbsp;&nbsp; 1138753 |
| Indiana (State of) Finance Authority (Unidy Properties LLC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.25% | 07/01/2055 | 2400 | &nbsp;&nbsp; 2183521 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.75% | 07/01/2060 | 3750 | &nbsp;&nbsp; 3606075 |
| &nbsp;&nbsp;&nbsp; Indiana (State of) Housing & Community Development Authority (Evergreen Village at <br> Bloomington); Series 2016, RB<br>| 5.50% | 01/01/2037 | 3740 | &nbsp;&nbsp; 3357655 |
| &nbsp;&nbsp;&nbsp; Indiana (State of) Housing & Community Development Authority (Glasswater Creek of <br> Whitestown); Series 2020, RB<sup>(c)</sup> <br>| 5.38% | 10/01/2040 | 11900 | &nbsp;&nbsp; 9855606 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Indiana–(continued)** | **Indiana–(continued)** | **Indiana–(continued)** | **Indiana–(continued)** | **Indiana–(continued)** |
| &nbsp;&nbsp;&nbsp; Indiana (State of) Housing & Community Development Authority (Hammond Assisted Living <br> Community); Series 2016 A, RB<br>| 5.75% | 01/01/2036 | $6725 | &nbsp;&nbsp; $6419714 |
| &nbsp;&nbsp;&nbsp; Indiana (State of) Housing & Community Development Authority (Lake Meadows Assisted Living); <br> Series 2019 A, RB<sup>(c)</sup> <br>| 5.00% | 01/01/2039 | 3365 | &nbsp;&nbsp; 2626176 |
| &nbsp;&nbsp;&nbsp; Indiana (State of) Housing & Community Development Authority (Vita of Greenfield); Series 2023 <br> A, RB<br>| 6.88% | 01/01/2043 | 21575 | &nbsp;&nbsp; 21432105 |
| Jeffersonville (City of), IN (Vivera Senior Living); Series 2020 A, RB<sup>(c)</sup> <br>| 5.25% | 11/01/2040 | 4500 | &nbsp;&nbsp; 3882846 |
| Kokomo (City of), IN (Silver Birch at KOKOMO); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.75% | 01/01/2034 | 900 | &nbsp;&nbsp; 837209 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.88% | 01/01/2037 | 4570 | &nbsp;&nbsp; 4133297 |
| Lafayette (City of), IN (Glasswater Creek of Lafayette); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.60% | 01/01/2033 | 780 | &nbsp;&nbsp; 757785 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.80% | 01/01/2037 | 5160 | &nbsp;&nbsp; 4942421 |
| Merrillville (Town of), IN (Belvedere Housing); Series 2016, RB | 5.75% | 04/01/2036 | 4965 | &nbsp;&nbsp; 4636220 |
| Mishawaka (City of), IN; Series 2018, RB | 5.75% | 10/01/2038 | 17170 | &nbsp;&nbsp; 16365266 |
| Mishawaka (City of), IN (Silver Birch of Mishwaka); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(c)</sup> <br>| 5.10% | 01/01/2032 | 350 | &nbsp;&nbsp; 325569 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(c)</sup> <br>| 5.38% | 01/01/2038 | 5475 | &nbsp;&nbsp; 4769373 |
| Plainfield (Town of), IN (Glasswater Creek of Plainfield); Series 2018, RB | 5.38% | 09/01/2038 | 7845 | &nbsp;&nbsp; 7536852 |
| Terre Haute (City of), IN (Silver Birch of Terre Haute); Series 2017, RB | 5.35% | 01/01/2038 | 3880 | &nbsp;&nbsp; 3296382 |
|  |  |  |  | &nbsp;&nbsp; 140509719 |
| **Iowa–0.47%** | **Iowa–0.47%** | **Iowa–0.47%** | **Iowa–0.47%** | **Iowa–0.47%** |
| Clear Lake (City of), IA (Timbercrest Apartments, LLC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB | 6.00% | 10/01/2043 | 1405 | &nbsp;&nbsp; 1320799 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB | 6.00% | 10/01/2048 | 2780 | &nbsp;&nbsp; 2536678 |
| Iowa (State of) Finance Authority (Lifespace Communities, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.00% | 05/15/2048 | 13570 | &nbsp;&nbsp; 12741302 |
| &nbsp;&nbsp;&nbsp; Series 2023, Ref. RB | 7.50% | 05/15/2053 | 8000 | &nbsp;&nbsp; 8828160 |
| Iowa (State of) Finance Authority (PHS Council Bluffs, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB | 5.00% | 08/01/2038 | 750 | &nbsp;&nbsp; 681513 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB | 5.13% | 08/01/2048 | 3500 | &nbsp;&nbsp; 2843303 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB | 5.25% | 08/01/2055 | 4000 | &nbsp;&nbsp; 3177896 |
| Iowa (State of) Finance Authority (Riserville Holdings); Series 2021, RB<sup>(b)(c)</sup> <br>| 5.00% | 12/01/2051 | 5795 | &nbsp;&nbsp; 4428074 |
| Iowa (State of) Finance Authority (Union at the Marina); Series 2024 A-1, RB<sup>(c)</sup> <br>| 6.00% | 11/01/2042 | 7210 | &nbsp;&nbsp; 6846673 |
| Iowa (State of) Finance Authority (Wedum Walnut Ridge LLC); Series 2007 B, RB | 5.38% | 06/01/2025 | 60 | &nbsp;&nbsp; 60000 |
| Iowa (State of) Tobacco Settlement Authority; Series 2021 B-1, Ref. RB | 4.00% | 06/01/2049 | 95 | &nbsp;&nbsp; 95000 |
|  |  |  |  | &nbsp;&nbsp; 43559398 |
| **Kansas–0.23%** | **Kansas–0.23%** | **Kansas–0.23%** | **Kansas–0.23%** | **Kansas–0.23%** |
| Ellis County Unified School District No. 489 Hays; Series 2022 B, Ref. GO Bonds (INS - AGI)<sup>(e)</sup> <br>| 4.00% | 09/01/2052 | 2500 | &nbsp;&nbsp; 2136461 |
| Goddard (City of), KS (Olympic Park Star Bond); Series 2021, RB | 3.50% | 06/01/2034 | 1420 | &nbsp;&nbsp; 1343055 |
| Olathe (City of), KS; Series 2006, RB<sup>(h)(n)</sup> <br>| 5.00% | 03/01/2026 | 2288 | &nbsp;&nbsp; 915118 |
| Wichita (City of), KS (Presbyterian Manors, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 VIII, Ref. RB | 5.75% | 05/15/2045 | 9925 | &nbsp;&nbsp; 9502103 |
| &nbsp;&nbsp;&nbsp; Series 2024 VIII, Ref. RB | 5.88% | 05/15/2050 | 4890 | &nbsp;&nbsp; 4595726 |
| &nbsp;&nbsp;&nbsp; Series 2024 VIII, Ref. RB | 6.00% | 05/15/2054 | 3315 | &nbsp;&nbsp; 3123833 |
|  |  |  |  | &nbsp;&nbsp; 21616296 |
| **Kentucky–0.21%** | **Kentucky–0.21%** | **Kentucky–0.21%** | **Kentucky–0.21%** | **Kentucky–0.21%** |
| Henderson (City of), KY (Pratt Paper LLC); Series 2022 A, RB<sup>(b)(c)</sup> <br>| 4.70% | 01/01/2052 | 5500 | &nbsp;&nbsp; 4900586 |
| Kenton (County of), KY Airport Board; Series 2024 A, GO Bonds<sup>(b)</sup> <br>| 5.25% | 01/01/2054 | 7755 | &nbsp;&nbsp; 7828168 |
| Kuttawa (City of), KY; Series 1999, RB (Acquired 05/28/2004; Cost $737,363)<sup>(f)</sup> <br>| 6.75% | 03/01/2029 | 795 | &nbsp;&nbsp; 796059 |
| Ludlow (City of), KY; Series 2023, RB<sup>(c)(g)</sup> <br>| 7.50% | 03/01/2053 | 7750 | &nbsp;&nbsp; 5921652 |
|  |  |  |  | &nbsp;&nbsp; 19446465 |
| **Louisiana–1.75%** | **Louisiana–1.75%** | **Louisiana–1.75%** | **Louisiana–1.75%** | **Louisiana–1.75%** |
| Juban Crossing Community Development District; Series 2024 B, RB | 6.25% | 06/01/2034 | 5000 | &nbsp;&nbsp; 5034014 |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development <br> Authority (Better Waterworks, Inc.); Series 2018 A, RB<sup>(b)(c)</sup> <br>| 5.25% | 05/01/2043 | 1220 | &nbsp;&nbsp; 1052148 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Louisiana–(continued)** | **Louisiana–(continued)** | **Louisiana–(continued)** | **Louisiana–(continued)** | **Louisiana–(continued)** |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development <br> Authority (Glen Retirement System);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB | 5.00% | 01/01/2049 | $16535 | &nbsp;&nbsp; $11473774 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB | 5.00% | 01/01/2055 | 12000 | &nbsp;&nbsp; 7942505 |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development <br> Authority (Green Bonds); Series 2018, RB<sup>(c)</sup> <br>| 5.38% | 11/01/2038 | 1725 | &nbsp;&nbsp; 1766016 |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development <br> Authority (St. Martin Parish Gomesa); Series 2019, RB<sup>(c)</sup> <br>| 4.40% | 11/01/2044 | 2820 | &nbsp;&nbsp; 2610216 |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development <br> Authority (St. Tammany Parish Gomesa); Series 2020, RB<sup>(c)</sup> <br>| 3.88% | 11/01/2045 | 3820 | &nbsp;&nbsp; 3218552 |
| Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)</sup> <br>| 5.50% | 09/01/2059 | 21450 | &nbsp;&nbsp; 21800201 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)</sup> <br>| 5.75% | 09/01/2064 | 45715 | &nbsp;&nbsp; 47187814 |
| Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation); Series 2025, Ref. RB | 5.50% | 05/15/2055 | 10000 | &nbsp;&nbsp; 10393259 |
| Louisiana (State of) Public Facilities Authority (Waste Pro USA, Inc.); Series 2023, RB<sup>(b)(c)(d)</sup> <br>| 6.75% | 10/01/2028 | 11000 | &nbsp;&nbsp; 11612956 |
| Plaquemines Port Harbor & Terminal District (NOLA Terminal LLC); Series 2024 A, RB<sup>(c)</sup> <br>| 9.00% | 12/01/2044 | 25935 | &nbsp;&nbsp; 21952901 |
| St. James (Parish of), LA (Nustar Logistics, L.P.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2010 2, RB<sup>(c)</sup> <br>| 6.35% | 07/01/2040 | 5115 | &nbsp;&nbsp; 5485365 |
| &nbsp;&nbsp;&nbsp; Series 2010 2, RB<sup>(c)</sup> <br>| 6.35% | 10/01/2040 | 440 | &nbsp;&nbsp; 471832 |
| St. John the Baptist Parish School District No. 1; Series 2023, GO Bonds | 5.25% | 03/01/2043 | 10000 | &nbsp;&nbsp; 10041146 |
|  |  |  |  | &nbsp;&nbsp; 162042699 |
| **Maine–0.16%** | **Maine–0.16%** | **Maine–0.16%** | **Maine–0.16%** | **Maine–0.16%** |
| Maine (State of) Finance Authority (Casella Waste Systems, Inc.); Series 2024, Ref. RB<sup>(b)(c)(d)</sup> <br>| 4.63% | 06/01/2035 | 2125 | &nbsp;&nbsp; 2071242 |
| Rumford (Town of), ME (Boise Cascade Corp.); Series 2001, Ref. RB<sup>(b)</sup> <br>| 6.88% | 10/01/2026 | 12265 | &nbsp;&nbsp; 12288119 |
|  |  |  |  | &nbsp;&nbsp; 14359361 |
| **Maryland–0.63%** | **Maryland–0.63%** | **Maryland–0.63%** | **Maryland–0.63%** | **Maryland–0.63%** |
| Baltimore (City of), MD (Centerwest Development); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.38% | 06/01/2036 | 1100 | &nbsp;&nbsp; 1053367 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.50% | 06/01/2043 | 1360 | &nbsp;&nbsp; 1264057 |
| Baltimore (City of), MD (Convention Center Hotel); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 09/01/2027 | 2780 | &nbsp;&nbsp; 2822737 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 09/01/2028 | 4350 | &nbsp;&nbsp; 4410444 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 09/01/2029 | 3630 | &nbsp;&nbsp; 3675992 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 09/01/2031 | 1210 | &nbsp;&nbsp; 1222796 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 09/01/2033 | 1000 | &nbsp;&nbsp; 1006834 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 09/01/2034 | 1105 | &nbsp;&nbsp; 1110530 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 09/01/2035 | 2250 | &nbsp;&nbsp; 2256699 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 09/01/2036 | 3525 | &nbsp;&nbsp; 3528726 |
| &nbsp;&nbsp;&nbsp; Maryland (State of) Health & Higher Educational Facilities Authority (University of Maryland <br> Medical System); Series 2025, Ref. RB<br>| 5.25% | 07/01/2052 | 12000 | &nbsp;&nbsp; 12113629 |
| &nbsp;&nbsp;&nbsp; Maryland (State of) Stadium Authority (Baltimore City Public Schools); Series 2018 A, RB (CEP - <br> Colorado Higher Education Intercept Program)<br>| 5.00% | 05/01/2047 | 13175 | &nbsp;&nbsp; 13321531 |
| Maryland Economic Development Corp. (Purple Line) (Green Bonds); Series 2022 B, RB<sup>(b)</sup> <br>| 5.25% | 06/30/2055 | 10315 | &nbsp;&nbsp; 10095593 |
|  |  |  |  | &nbsp;&nbsp; 57882935 |
| **Massachusetts–1.27%** | **Massachusetts–1.27%** | **Massachusetts–1.27%** | **Massachusetts–1.27%** | **Massachusetts–1.27%** |
| Massachusetts (Commonwealth of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, GO Bonds | 5.00% | 01/01/2054 | 4835 | &nbsp;&nbsp; 4915044 |
| &nbsp;&nbsp;&nbsp; Series 2024, GO Bonds | 5.00% | 12/01/2052 | 5720 | &nbsp;&nbsp; 5833251 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds<sup>(i)</sup> <br>| 5.00% | 11/01/2052 | 27815 | &nbsp;&nbsp; 28194388 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(i)</sup> <br>| 5.00% | 06/01/2050 | 15000 | &nbsp;&nbsp; 15232887 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(i)</sup> <br>| 5.00% | 06/01/2052 | 15000 | &nbsp;&nbsp; 15240054 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(i)(m)</sup> <br>| 5.25% | 07/01/2052 | 13705 | &nbsp;&nbsp; 14340290 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Brown University); <br> Series 2025, RB<br>| 5.50% | 08/15/2050 | 5000 | &nbsp;&nbsp; 5141165 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Linden Ponds, Inc. Facility); <br> Series 2018, RB<sup>(c)</sup> <br>| 5.13% | 11/15/2046 | 4565 | &nbsp;&nbsp; 4592829 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.); <br> Series 2017, Ref. RB<sup>(c)</sup> <br>| 5.00% | 10/01/2057 | 3000 | &nbsp;&nbsp; 2685785 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities 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 (Suffolk University); <br> Series 2025, Ref. RB<br>| 6.00% | 07/01/2050 | $6350 | &nbsp;&nbsp; $6658028 |
| Massachusetts (Commonwealth of) Port Authority; Series 2022, RB<sup>(b)(i)</sup> <br>| 5.00% | 07/01/2046 | 15000 | &nbsp;&nbsp; 14941334 |
|  |  |  |  | &nbsp;&nbsp; 117775055 |
| **Michigan–1.61%** | **Michigan–1.61%** | **Michigan–1.61%** | **Michigan–1.61%** | **Michigan–1.61%** |
| Academy of Warren; Series 2020 A, RB<sup>(c)</sup> <br>| 5.50% | 05/01/2050 | 1000 | &nbsp;&nbsp; 885429 |
| Advanced Technology Academy; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 11/01/2034 | 400 | &nbsp;&nbsp; 403793 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 11/01/2044 | 1175 | &nbsp;&nbsp; 1089113 |
| American Montessori Academy; Series 2017, RB | 7.00% | 12/01/2046 | 1460 | &nbsp;&nbsp; 1427013 |
| Charyl Stockwell Academy; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.50% | 10/01/2035 | 2570 | &nbsp;&nbsp; 2469031 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.75% | 10/01/2045 | 4140 | &nbsp;&nbsp; 3671407 |
| Clawson Public Schools; Series 2024, Ref. GO Bonds | 5.25% | 05/01/2053 | 3575 | &nbsp;&nbsp; 3732480 |
| Detroit City School District; Series 2013, GO Bonds (INS - AGI)<sup>(e)(i)</sup> <br>| 6.00% | 05/01/2029 | 6620 | &nbsp;&nbsp; 7091922 |
| Grand Rapids Economic Development Corp. (Clark Retirement Community, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB | 5.50% | 04/01/2039 | 4365 | &nbsp;&nbsp; 3792945 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB | 5.75% | 04/01/2049 | 19320 | &nbsp;&nbsp; 15425376 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB | 5.75% | 04/01/2054 | 9290 | &nbsp;&nbsp; 7176320 |
| &nbsp;&nbsp;&nbsp; Series 2019 B, RB | 6.00% | 04/01/2027 | 1780 | &nbsp;&nbsp; 1726351 |
| Michigan (State of); Series 2023, RB<sup>(i)</sup> <br>| 5.25% | 11/15/2049 | 16925 | &nbsp;&nbsp; 17583816 |
| Michigan (State of) (corewell Health); Series 2025, VRD Ref. RB<sup>(o)</sup> <br>| 2.00% | 01/15/2055 | 3020 | &nbsp;&nbsp; 3020000 |
| Michigan (State of) Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005 A, RB | 6.00% | 12/01/2035 | 1400 | &nbsp;&nbsp; 1337623 |
| &nbsp;&nbsp;&nbsp; Series 2007, RB | 6.50% | 12/01/2037 | 490 | &nbsp;&nbsp; 490037 |
| &nbsp;&nbsp;&nbsp; Series 2008 C, RB<sup>(j)</sup> <br>| 0.00% | 06/01/2058 | 579475 | &nbsp;&nbsp; 16908617 |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB<sup>(c)</sup> <br>| 6.75% | 07/01/2044 | 5000 | &nbsp;&nbsp; 4915509 |
| Michigan (State of) Finance Authority (Huron Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 10/01/2044 | 1380 | &nbsp;&nbsp; 1283102 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 10/01/2054 | 2000 | &nbsp;&nbsp; 1779162 |
| Michigan (State of) Finance Authority (Old Redforf Academy); Series 2010 A, RB | 5.90% | 12/01/2030 | 935 | &nbsp;&nbsp; 927868 |
| Michigan (State of) Finance Authority (Thomas M. Colley Law School); Series 2014, Ref. RB<sup>(c)</sup> <br>| 6.25% | 07/01/2029 | 2400 | &nbsp;&nbsp; 2361824 |
| Michigan (State of) Finance Authority (Universal Learning Academy); Series 2018, Ref. RB | 5.75% | 11/01/2040 | 2000 | &nbsp;&nbsp; 2002408 |
| Michigan (State of) Housing Development Authority; Series 2023 A, RB<sup>(i)</sup> <br>| 5.15% | 10/01/2058 | 20000 | &nbsp;&nbsp; 20152246 |
| Mona Shores Public Schools; Series 2019 I, GO Bonds | 5.00% | 05/01/2048 | 4790 | &nbsp;&nbsp; 4849181 |
| Pontiac (City of), MI Arts & Technology Academy; Series 2016, Ref. RB | 6.00% | 11/01/2046 | 3465 | &nbsp;&nbsp; 3043160 |
| Rockford Public Schools; Series 2023 II, GO Bonds | 5.00% | 05/01/2049 | 5710 | &nbsp;&nbsp; 5805551 |
| Wayne (County of), MI; Series 1999, RB<sup>(b)</sup> <br>| 6.00% | 12/01/2029 | 12900 | &nbsp;&nbsp; 12919496 |
|  |  |  |  | &nbsp;&nbsp; 148270780 |
| **Minnesota–1.12%** | **Minnesota–1.12%** | **Minnesota–1.12%** | **Minnesota–1.12%** | **Minnesota–1.12%** |
| Bethel (City of), MN (Benedictine Health System - St. Peter Communities); Series 2018 A, Ref. RB | 5.50% | 12/01/2048 | 3330 | &nbsp;&nbsp; 3077105 |
| Bethel (City of), MN (Birchwood Landing At The Lakes At Stillwater Project); Series 2019, RB | 5.00% | 05/01/2054 | 1000 | &nbsp;&nbsp; 857223 |
| Bethel (City of), MN (Ecumen Obligated Group); Series 2024, Ref. RB | 6.13% | 03/01/2049 | 1500 | &nbsp;&nbsp; 1413372 |
| Brainerd (City of), MN; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.75% | 05/01/2050 | 3130 | &nbsp;&nbsp; 3053822 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 6.00% | 05/01/2055 | 3250 | &nbsp;&nbsp; 3230788 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 6.00% | 05/01/2060 | 3000 | &nbsp;&nbsp; 2929822 |
| Brooklyn Center (City of), MN (Sanctuary at at Brooklyn Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.50% | 11/01/2035 | 8726 | &nbsp;&nbsp; 6108052 |
| &nbsp;&nbsp;&nbsp; Series 2016 B, RB | 6.50% | 11/01/2035 | 3014 | &nbsp;&nbsp; 2109778 |
| Brooklyn Park (City of), MN (Prairie Seeds Academy); Series 2024, Ref. RB | 5.25% | 06/15/2064 | 8020 | &nbsp;&nbsp; 7157141 |
| Cottonwood (City of), MN (Extreme Holdings LLC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(b)(c)</sup> <br>| 5.00% | 12/01/2050 | 6630 | &nbsp;&nbsp; 5122920 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB<sup>(c)</sup> <br>| 6.50% | 12/01/2026 | 345 | &nbsp;&nbsp; 339400 |
| &nbsp;&nbsp;&nbsp; Dakota (County of), MN Community Development Agency (Sanctuary at West St. Paul); <br> Series 2015, RB<br>| 6.00% | 08/01/2035 | 5735 | &nbsp;&nbsp; 4431341 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Minnesota–(continued)** | **Minnesota–(continued)** | **Minnesota–(continued)** | **Minnesota–(continued)** | **Minnesota–(continued)** |
| Independence (City of), MN (Spero Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 5.00% | 07/01/2056 | $13325 | &nbsp;&nbsp; $10109591 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB | 6.00% | 07/01/2028 | 445 | &nbsp;&nbsp; 434777 |
| International Falls (City of), MN (Boise Cascade Corp.); Series 1999, Ref. RB<sup>(b)</sup> <br>| 6.85% | 12/01/2029 | 6570 | &nbsp;&nbsp; 6583066 |
| Minneapolis (City of), MN (Kipp North Star); Series 2020 A, RB | 5.75% | 07/01/2055 | 11765 | &nbsp;&nbsp; 9099000 |
| Minneapolis (City of), MN (Spero Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(c)</sup> <br>| 6.25% | 07/01/2037 | 1075 | &nbsp;&nbsp; 1082527 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(c)</sup> <br>| 6.50% | 07/01/2048 | 4740 | &nbsp;&nbsp; 4745745 |
| &nbsp;&nbsp;&nbsp; Minnesota (State of) Higher Education Facilities Authority (Bethel University); Series 2017, Ref. <br> RB<br>| 5.00% | 05/01/2047 | 8615 | &nbsp;&nbsp; 7372216 |
| &nbsp;&nbsp;&nbsp; Minnesota Agricultural & Economic Development Board (Healthpartners Obligated Group); <br> Series 2024, RB<br>| 5.25% | 01/01/2054 | 11400 | &nbsp;&nbsp; 11445263 |
| Rochester (City of), MN (Homestead at Rochester, Inc.); Series 2013 A, RB | 6.88% | 12/01/2048 | 9200 | &nbsp;&nbsp; 9203062 |
| &nbsp;&nbsp;&nbsp; St. Paul (City of), MN Housing & Redevelopment Authority (Great Northern Lofts); Series 2004, <br> RB<br>| 6.25% | 03/01/2029 | 981 | &nbsp;&nbsp; 902426 |
| &nbsp;&nbsp;&nbsp; St. Paul (City of), MN Housing & Redevelopment Authority (Great River School); Series 2017 A, <br> RB<sup>(c)</sup> <br>| 5.50% | 07/01/2052 | 1075 | &nbsp;&nbsp; 999407 |
| St. Paul (City of), MN Housing & Redevelopment Authority (Twin Cities German Immersion School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 5.00% | 07/01/2049 | 1000 | &nbsp;&nbsp; 874880 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 5.00% | 07/01/2055 | 1000 | &nbsp;&nbsp; 845181 |
|  |  |  |  | &nbsp;&nbsp; 103527905 |
| **Mississippi–0.17%** | **Mississippi–0.17%** | **Mississippi–0.17%** | **Mississippi–0.17%** | **Mississippi–0.17%** |
| &nbsp;&nbsp;&nbsp; Mississippi (State of) Hospital Equipment & Facilities Authority (Ochsner Clinic Foundation); <br> Series 2025, Ref. RB<br>| 5.50% | 05/15/2055 | 10000 | &nbsp;&nbsp; 10393259 |
| Stonebridge Public Improvement District; Series 2007, RB<sup>(k)</sup> <br>| 7.50% | 10/01/2042 | 16410 | &nbsp;&nbsp; 4102500 |
| Tunica (County of), MS; Series 2019, Ref. RB | 6.00% | 10/01/2040 | 1260 | &nbsp;&nbsp; 1203013 |
|  |  |  |  | &nbsp;&nbsp; 15698772 |
| **Missouri–1.25%** | **Missouri–1.25%** | **Missouri–1.25%** | **Missouri–1.25%** | **Missouri–1.25%** |
| Branson (City of), MO Commerce Park Community Improvement District; Series 2007 A, RB<sup>(k)</sup> <br>| 5.75% | 06/01/2026 | 4900 | &nbsp;&nbsp; 735000 |
| Branson (City of), MO Industrial Development Authority (Branson Hills Redevelopment); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005 A, RB<sup>(h)</sup> <br>| 7.05% | 05/01/2027 | 6755 | &nbsp;&nbsp; 6162909 |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB<sup>(h)</sup> <br>| 5.75% | 05/01/2026 | 1295 | &nbsp;&nbsp; 1229514 |
| &nbsp;&nbsp;&nbsp; Branson (City of), MO Industrial Development Authority (Branson Landing Retail); Series 2005, <br> RB<br>| 5.50% | 06/01/2029 | 1550 | &nbsp;&nbsp; 1492896 |
| Broadway-Fairview Transportation Development District; Series 2006 A, RB<sup>(h)</sup> <br>| 6.13% | 12/01/2036 | 570 | &nbsp;&nbsp; 176700 |
| &nbsp;&nbsp;&nbsp; Callaway (County of), MO Industrial Development Authority (Westminster College); Series 2021 <br> C, RB<br>| 5.25% | 10/01/2051 | 3480 | &nbsp;&nbsp; 2755231 |
| Chesterfield Valley Transportation Development District; Series 2018, RB<sup>(g)</sup> <br>| 5.50% | 05/15/2046 | 4960 | &nbsp;&nbsp; 3335812 |
| Chillicothe (City of), MO (South U.S. 65); Series 2006, RB | 5.63% | 04/01/2027 | 2345 | &nbsp;&nbsp; 2303572 |
| Dardenne Town Square Transportation Development District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006 A, RB<sup>(n)</sup> <br>| 5.00% | 05/01/2026 | 3020 | &nbsp;&nbsp; 1026800 |
| &nbsp;&nbsp;&nbsp; Series 2006 A, RB<sup>(n)</sup> <br>| 5.00% | 05/01/2036 | 3825 | &nbsp;&nbsp; 1300500 |
| I-470 Western Gateway Transportation Development District; Series 2019 A, RB<sup>(c)</sup> <br>| 5.25% | 12/01/2048 | 4900 | &nbsp;&nbsp; 4681556 |
| &nbsp;&nbsp;&nbsp; Kansas City (City of), MO Industrial Development Authority (Historic Northeast Redevelopment <br> Plan); Series 2024, RB<sup>(c)</sup> <br>| 5.00% | 06/01/2046 | 1875 | &nbsp;&nbsp; 1743642 |
| Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 B, RB<sup>(b)</sup> <br>| 5.00% | 03/01/2054 | 50235 | &nbsp;&nbsp; 49238981 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB<sup>(b)</sup> <br>| 4.00% | 03/01/2045 | 5400 | &nbsp;&nbsp; 4711772 |
| &nbsp;&nbsp;&nbsp; Kansas City (City of), MO Industrial Development Authority (Platte Purchase Project A); <br> Series 2019, RB<sup>(c)</sup> <br>| 5.00% | 07/01/2040 | 4785 | &nbsp;&nbsp; 4194579 |
| &nbsp;&nbsp;&nbsp; Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community <br> Improvement District); Series 2016 A, Ref. RB<sup>(c)</sup> <br>| 5.00% | 04/01/2046 | 1890 | &nbsp;&nbsp; 1626389 |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.25% | 05/15/2028 | 1135 | &nbsp;&nbsp; 1138791 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.25% | 05/15/2037 | 1955 | &nbsp;&nbsp; 1867150 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.25% | 05/15/2042 | 1750 | &nbsp;&nbsp; 1567229 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.25% | 05/15/2050 | 4100 | &nbsp;&nbsp; 3405885 |
| Lee's Summit (City of), MO Industrial Development Authority; Series 2007, RB<sup>(h)(k)</sup> <br>| 5.75% | 03/01/2029 | 508 | &nbsp;&nbsp; 279533 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Missouri–(continued)** | **Missouri–(continued)** | **Missouri–(continued)** | **Missouri–(continued)** | **Missouri–(continued)** |
| &nbsp;&nbsp;&nbsp; Lee's Summit (City of), MO Industrial Development Authority (Summit Fair Community <br> Improvement District); Series 2012, RB<br>| 6.00% | 05/01/2042 | $2800 | &nbsp;&nbsp; $2483287 |
| &nbsp;&nbsp;&nbsp; Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services); <br> Series 2024, Ref. RB<br>| 5.25% | 02/01/2054 | 1750 | &nbsp;&nbsp; 1687541 |
| Northwoods Transportation Development District; Series 2006 A, RB | 5.85% | 02/01/2031 | 437 | &nbsp;&nbsp; 388096 |
| &nbsp;&nbsp;&nbsp; Rock Hill (City of), MO Industrial Development Authority (Market at McKnight Redevelopment); <br> Series 2015 A, RB<br>| 4.50% | 11/01/2028 | 360 | &nbsp;&nbsp; 340987 |
| St. Louis (City of), MO; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB<sup>(h)</sup> <br>| 5.50% | 09/02/2028 | 1108 | &nbsp;&nbsp; 232680 |
| &nbsp;&nbsp;&nbsp; Series 2007, RN<sup>(h)(n)</sup> <br>| 6.30% | 04/01/2027 | 3043 | &nbsp;&nbsp; 152150 |
| St. Louis (City of), MO (Abbey Condominiums); Series 2007, RB<sup>(h)</sup> <br>| 5.50% | 05/29/2028 | 2031 | &nbsp;&nbsp; 304647 |
| St. Louis (City of), MO (Printers Lofts Tax Increment Financing); Series 2006, RB<sup>(h)(n)</sup> <br>| 6.00% | 08/21/2026 | 1660 | &nbsp;&nbsp; 116200 |
| St. Louis (City of), MO (Washington Park Redevelopment); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006, RB<sup>(h)(n)</sup> <br>| 6.00% | 08/21/2026 | 2442 | &nbsp;&nbsp; 293040 |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RN<sup>(h)</sup> <br>| 5.50% | 01/20/2028 | 2079 | &nbsp;&nbsp; 644490 |
| &nbsp;&nbsp;&nbsp; Series 2007 B, RN<sup>(h)(n)</sup> <br>| 5.50% | 01/20/2028 | 1510 | &nbsp;&nbsp; 15100 |
| St. Louis (City of), MO Industrial Development Authority (The); Series 2010 A, RB<sup>(k)</sup> <br>| 8.00% | 04/27/2033 | 4580 | &nbsp;&nbsp; 45800 |
| St. Louis (City of), MO Land Clearance for Redevelopment Authority (Scottrade Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.00% | 04/01/2048 | 5205 | &nbsp;&nbsp; 5033560 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB | 6.38% | 04/01/2043 | 2000 | &nbsp;&nbsp; 1641154 |
| St. Louis (County of), MO Industrial Development Authority; Series 2019 A, Ref. RB<sup>(c)</sup> <br>| 5.88% | 03/01/2033 | 3100 | &nbsp;&nbsp; 2933940 |
| &nbsp;&nbsp;&nbsp; Stone Canyon Community Improvement District (Infrastructure Improvement); Series 2007, <br> RB<sup>(h)(k)</sup> <br>| 5.75% | 04/01/2027 | 975 | &nbsp;&nbsp; 204750 |
| &nbsp;&nbsp;&nbsp; Taney (County of), MO Industrial Development Authority (Big Cedar Infrastructure); Series 2023, <br> RB<sup>(c)</sup> <br>| 6.00% | 10/01/2049 | 4575 | &nbsp;&nbsp; 4359244 |
|  |  |  |  | &nbsp;&nbsp; 115851107 |
| **Montana–0.05%** | **Montana–0.05%** | **Montana–0.05%** | **Montana–0.05%** | **Montana–0.05%** |
| Hardin (City of), MT; Series 2006, RB<sup>(h)(n)</sup> <br>| 6.25% | 09/01/2031 | 5935 | &nbsp;&nbsp; 890250 |
| Kalispell (City of), MT (Immanuel Living At Buffalo Hill); Series 2025, Ref. RB | 6.00% | 05/15/2060 | 4000 | &nbsp;&nbsp; 3992041 |
|  |  |  |  | &nbsp;&nbsp; 4882291 |
| **Nevada–0.23%** | **Nevada–0.23%** | **Nevada–0.23%** | **Nevada–0.23%** | **Nevada–0.23%** |
| Clark (County of), NV (Special Improvement District No. 128); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB | 5.00% | 02/01/2026 | 215 | &nbsp;&nbsp; 215391 |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB | 5.05% | 02/01/2031 | 730 | &nbsp;&nbsp; 731109 |
| &nbsp;&nbsp;&nbsp; Henderson (City of), NV Local Improvement District No. T-22 (Rainbow Canyon Phase II); <br> Series 2023, RB<br>| 5.25% | 03/01/2053 | 1190 | &nbsp;&nbsp; 1109826 |
| Las Vegas (City of), NV Special Improvement District No. 815; Series 2020, RB | 5.00% | 12/01/2049 | 950 | &nbsp;&nbsp; 890423 |
| Mesquite (City of), NV; Series 2005, RB | 5.50% | 08/01/2025 | 5 | &nbsp;&nbsp; 5013 |
| &nbsp;&nbsp;&nbsp; Nevada (State of) Department of Business & Industry (Brightline West Passenger Rail) (Green <br> Bonds); Series 2025, RB<sup>(b)(c)(d)</sup> <br>| 9.50% | 01/01/2033 | 8000 | &nbsp;&nbsp; 7634035 |
| Reno (City of), NV; Series 2025, RB<sup>(c)</sup> <br>| 5.25% | 06/01/2054 | 1000 | &nbsp;&nbsp; 925586 |
| &nbsp;&nbsp;&nbsp; Reno (City of), NV (ReTRAC - Reno Transportation Rail Access Corridor); Series 2018 C, Ref. <br> RB<sup>(c)(j)</sup> <br>| 0.00% | 07/01/2058 | 18500 | &nbsp;&nbsp; 2740710 |
| Reno-Tahoe Airport Authority (Tahoe International Airport); Series 2024, RB<sup>(b)</sup> <br>| 5.25% | 07/01/2049 | 6535 | &nbsp;&nbsp; 6588601 |
|  |  |  |  | &nbsp;&nbsp; 20840694 |
| **New Hampshire–1.70%** | **New Hampshire–1.70%** | **New Hampshire–1.70%** | **New Hampshire–1.70%** | **New Hampshire–1.70%** |
| New Hampshire (State of) Business Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(c)(j)</sup> <br>| 0.00% | 02/01/2035 | 63079 | &nbsp;&nbsp; 34269099 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(c)(j)</sup> <br>| 0.00% | 12/15/2032 | 10000 | &nbsp;&nbsp; 6129709 |
| New Hampshire (State of) Business Finance Authority (Megatel); Series 2025, RB<sup>(c)(j)</sup> <br>| 0.00% | 12/15/2033 | 13426 | &nbsp;&nbsp; 7947856 |
| New Hampshire (State of) Business Finance Authority (River Ranch); Series 2025, RB<sup>(c)(j)</sup> <br>| 0.00% | 12/01/2031 | 33000 | &nbsp;&nbsp; 22055887 |
| New Hampshire (State of) Business Finance Authority (Social Bonds); Series 2022-2A, RB | 4.00% | 10/20/2036 | 25076 | &nbsp;&nbsp; 23602072 |
| New Hampshire (State of) Business Finance Authority (Social Certificates); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, RB<sup>(d)</sup> <br>| 4.15% | 10/01/2034 | 5985 | &nbsp;&nbsp; 5553780 |
| &nbsp;&nbsp;&nbsp; Series 2024-3, Revenue Ctfs. | 4.16% | 10/20/2041 | 17412 | &nbsp;&nbsp; 15358973 |
| New Hampshire (State of) Business Finance Authority (The Attwater); Series 2024, RB<sup>(c)(j)</sup> <br>| 0.00% | 04/01/2032 | 5000 | &nbsp;&nbsp; 3226252 |
| New Hampshire (State of) Business Finance Authority (Thomas Ranch); Series 2024, RB<sup>(c)(j)</sup> <br>| 0.00% | 12/01/2034 | 43000 | &nbsp;&nbsp; 22790219 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **New Hampshire–(continued)** | **New Hampshire–(continued)** | **New Hampshire–(continued)** | **New Hampshire–(continued)** | **New Hampshire–(continued)** |
| New Hampshire (State of) Business Finance Authority (Vista (The)); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(c)</sup> <br>| 5.25% | 07/01/2039 | $1400 | &nbsp;&nbsp; $1381742 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(c)</sup> <br>| 5.63% | 07/01/2046 | 770 | &nbsp;&nbsp; 748842 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(c)</sup> <br>| 5.75% | 07/01/2054 | 5430 | &nbsp;&nbsp; 5212944 |
| &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>(c)</sup> <br>| 5.63% | 12/15/2033 | 5755 | &nbsp;&nbsp; 5829604 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 6.25% | 12/15/2038 | 2885 | &nbsp;&nbsp; 2909304 |
|  |  |  |  | &nbsp;&nbsp; 157016283 |
| **New Jersey–1.39%** | **New Jersey–1.39%** | **New Jersey–1.39%** | **New Jersey–1.39%** | **New Jersey–1.39%** |
| Essex (County of), NJ Improvement Authority (559 Broad/Hazelwood); Series 2020 A, RB<sup>(c)</sup> <br>| 4.00% | 08/01/2060 | 1500 | &nbsp;&nbsp; 1166199 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority; Series 2019 B, RB (Acquired <br> 10/18/2019; Cost $295,779)<sup>(c)(f)</sup> <br>| 5.75% | 10/01/2026 | 300 | &nbsp;&nbsp; 295992 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Black Horse EHT Urban Renewal LLC); <br> Series 2019 A, RB (Acquired 10/18/2019; Cost $6,000,000)<sup>(c)(f)</sup> <br>| 5.00% | 10/01/2039 | 6000 | &nbsp;&nbsp; 4607988 |
| New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 1999, RB<sup>(b)</sup> <br>| 5.25% | 09/15/2029 | 3950 | &nbsp;&nbsp; 3951097 |
| &nbsp;&nbsp;&nbsp; Series 2000 B, RB<sup>(b)</sup> <br>| 5.63% | 11/15/2030 | 8550 | &nbsp;&nbsp; 8554450 |
| &nbsp;&nbsp;&nbsp; Series 2003, RB<sup>(b)</sup> <br>| 5.50% | 06/01/2033 | 8000 | &nbsp;&nbsp; 8003689 |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(b)</sup> <br>| 5.75% | 09/15/2027 | 12805 | &nbsp;&nbsp; 12814156 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Golden Door Charter School); <br> Series 2018 A, RB<sup>(c)</sup> <br>| 6.50% | 11/01/2052 | 690 | &nbsp;&nbsp; 707215 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Katikvah International Academy Charter <br> School); Series 2017 A, RB<sup>(c)</sup> <br>| 5.38% | 07/01/2047 | 1865 | &nbsp;&nbsp; 1650852 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Leap Academy University Charter <br> School, Inc.);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB<sup>(c)</sup> <br>| 6.00% | 10/01/2034 | 565 | &nbsp;&nbsp; 565369 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB<sup>(c)</sup> <br>| 6.20% | 10/01/2044 | 750 | &nbsp;&nbsp; 750229 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB<sup>(c)</sup> <br>| 6.30% | 10/01/2049 | 650 | &nbsp;&nbsp; 650203 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Marion P. Thomas Charter School); <br> Series 2018 A, RB<sup>(c)</sup> <br>| 5.38% | 10/01/2050 | 5000 | &nbsp;&nbsp; 4527862 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Newark Downtown District Management <br> Corp.); Series 2019, Ref. RB<br>| 5.13% | 06/15/2037 | 2529 | &nbsp;&nbsp; 2647318 |
| New Jersey (State of) Economic Development Authority (State House); Series 2017 B, RB | 5.00% | 06/15/2035 | 2050 | &nbsp;&nbsp; 2114273 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Teaneck Community Charter School); <br> Series 2017 A, Ref. RB<sup>(c)</sup> <br>| 5.13% | 09/01/2052 | 2055 | &nbsp;&nbsp; 1940672 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Health Care Facilities Financing Authority; Series 2018, RB (Acquired <br> 09/14/2018; Cost $4,900,000)<sup>(c)(f)</sup> <br>| 5.75% | 10/01/2038 | 4900 | &nbsp;&nbsp; 3520565 |
| New Jersey (State of) Transportation Trust Fund Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009 A, RB<sup>(j)</sup> <br>| 0.00% | 12/15/2039 | 10000 | &nbsp;&nbsp; 5105529 |
| &nbsp;&nbsp;&nbsp; Series 2024 CC, RB | 5.25% | 06/15/2050 | 10000 | &nbsp;&nbsp; 10256323 |
| &nbsp;&nbsp;&nbsp; Series 2024 CC, RB | 5.25% | 06/15/2055 | 14000 | &nbsp;&nbsp; 14333651 |
| Newark (City of), NJ; Series 2015 A, GO Bonds | 5.00% | 07/15/2029 | 3583 | &nbsp;&nbsp; 3589384 |
| Tender Option Bond Trust Receipts/Certificates; Series 2025, RB<sup>(c)</sup> <br>| 13.62% | 01/01/2055 | 3435 | &nbsp;&nbsp; 3907577 |
| Tobacco Settlement Financing Corp.; Series 2018 B, Ref. RB | 5.00% | 06/01/2046 | 33860 | &nbsp;&nbsp; 32506568 |
|  |  |  |  | &nbsp;&nbsp; 128167161 |
| **New Mexico–0.02%** | **New Mexico–0.02%** | **New Mexico–0.02%** | **New Mexico–0.02%** | **New Mexico–0.02%** |
| Boulders Public Improvement District; Series 2015, RB | 5.75% | 10/01/2044 | 615 | &nbsp;&nbsp; 595542 |
| Mariposa East Public Improvement District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 5.90% | 09/01/2032 | 40 | &nbsp;&nbsp; 38495 |
| &nbsp;&nbsp;&nbsp; Series 2015 B, RB | 5.90% | 09/01/2032 | 265 | &nbsp;&nbsp; 256209 |
| &nbsp;&nbsp;&nbsp; Series 2015 C, RB | 5.90% | 09/01/2032 | 340 | &nbsp;&nbsp; 321028 |
| &nbsp;&nbsp;&nbsp; Series 2015 D, RB<sup>(j)</sup> <br>| 0.00% | 03/01/2032 | 330 | &nbsp;&nbsp; 178277 |
|  |  |  |  | &nbsp;&nbsp; 1389551 |
| **New York–16.69%** | **New York–16.69%** | **New York–16.69%** | **New York–16.69%** | **New York–16.69%** |
| Build NYC Resource Corp.; Series 2025, RB<sup>(c)</sup> <br>| 6.00% | 07/01/2060 | 2000 | &nbsp;&nbsp; 1998888 |
| &nbsp;&nbsp;&nbsp; Build NYC Resource Corp. (Brooklyn Navy Yard); Series 2019, Ref. RB (LOC - Santander Bank <br> N.A.)<sup>(b)(c)(p)</sup> <br>| 5.50% | 12/31/2040 | 9655 | &nbsp;&nbsp; 9105212 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities 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)** |
| Erie Tobacco Asset Securitization Corp.; Series 2005 D, RB<sup>(j)</sup> <br>| 0.00% | 06/01/2055 | $17700 | &nbsp;&nbsp; $1329082 |
| &nbsp;&nbsp;&nbsp; Essex (County of), NY Industrial Development Agency; Series 2017, RB (Acquired 05/11/2017; <br> Cost $4,025,000)<sup>(b)(f)</sup> <br>| 6.25% | 06/01/2047 | 4025 | &nbsp;&nbsp; 2672887 |
| Guilderland (Town of), NY Industrial Development Agency; Series 2017 A, RB<sup>(c)(k)</sup> <br>| 5.88% | 01/01/2052 | 5400 | &nbsp;&nbsp; 2700000 |
| Metropolitan Transportation Authority; Series 2016 C-1, RB | 5.25% | 11/15/2056 | 5005 | &nbsp;&nbsp; 5002217 |
| Metropolitan Transportation Authority (Bidding Group 2); Series 2022 A, RB | 5.00% | 11/15/2046 | 2555 | &nbsp;&nbsp; 2598440 |
| Metropolitan Transportation Authority (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 B-1, RB | 5.25% | 11/15/2057 | 10000 | &nbsp;&nbsp; 10085811 |
| &nbsp;&nbsp;&nbsp; Series 2020 A-1, RB | 5.00% | 11/15/2049 | 22270 | &nbsp;&nbsp; 22159808 |
| &nbsp;&nbsp;&nbsp; Series 2020 A-1, RB | 4.00% | 11/15/2052 | 12000 | &nbsp;&nbsp; 9860004 |
| &nbsp;&nbsp;&nbsp; Series 2020 C-1, RB | 4.75% | 11/15/2045 | 27000 | &nbsp;&nbsp; 26498178 |
| &nbsp;&nbsp;&nbsp; Series 2020 C-1, RB | 5.00% | 11/15/2050 | 30115 | &nbsp;&nbsp; 29900331 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 5.25% | 11/15/2049 | 20000 | &nbsp;&nbsp; 20508850 |
| Monroe County Industrial Development Corp. (St. Ann's Community); Series 2019, Ref. RB | 5.00% | 01/01/2050 | 1715 | &nbsp;&nbsp; 1417720 |
| Monroe County Industrial Development Corp. (University of Rochester); Series 2020 A, RB | 4.00% | 07/01/2050 | 14715 | &nbsp;&nbsp; 12810333 |
| MTA Hudson Rail Yards Trust Obligations; Series 2016 A, RB | 5.00% | 11/15/2051 | 64835 | &nbsp;&nbsp; 63831400 |
| Nassau (County of), NY Industrial Development Agency<sup>(j)</sup> <br>| 0.00% | 01/01/2058 | 8272 | &nbsp;&nbsp; 83 |
| Nassau County Tobacco Settlement Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006 A-3, RB | 5.00% | 06/01/2035 | 3000 | &nbsp;&nbsp; 2698664 |
| &nbsp;&nbsp;&nbsp; Series 2006 A-3, RB | 5.13% | 06/01/2046 | 3775 | &nbsp;&nbsp; 3171217 |
| New York & New Jersey (States of) Port Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 220, RB<sup>(b)</sup> <br>| 4.00% | 11/01/2059 | 25765 | &nbsp;&nbsp; 20706898 |
| &nbsp;&nbsp;&nbsp; Series 2020 221, RB<sup>(b)</sup> <br>| 4.00% | 07/15/2055 | 31230 | &nbsp;&nbsp; 25562092 |
| &nbsp;&nbsp;&nbsp; Series 2020 221, RB<sup>(b)</sup> <br>| 4.00% | 07/15/2060 | 15590 | &nbsp;&nbsp; 12525723 |
| &nbsp;&nbsp;&nbsp; Two Hundred and Eighteenth Series 2019, RB<sup>(b)(i)</sup> <br>| 5.00% | 11/01/2044 | 46300 | &nbsp;&nbsp; 46481885 |
| &nbsp;&nbsp;&nbsp; Two Hundred Thirty-First Series 2022, Ref. RB<sup>(b)</sup> <br>| 5.50% | 08/01/2047 | 10000 | &nbsp;&nbsp; 10352677 |
| &nbsp;&nbsp;&nbsp; Two Hundred Twenty Third Series 2021, Ref. RB<sup>(b)</sup> <br>| 4.00% | 07/15/2046 | 1645 | &nbsp;&nbsp; 1415212 |
| &nbsp;&nbsp;&nbsp; Two Hundredth Series 2017, Ref. RB<sup>(i)</sup> <br>| 5.00% | 10/15/2047 | 10000 | &nbsp;&nbsp; 10047971 |
| New York (City of), NY; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 AA-1, RB<sup>(i)</sup> <br>| 5.25% | 06/15/2053 | 15000 | &nbsp;&nbsp; 15594761 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(i)</sup> <br>| 5.00% | 06/15/2051 | 10000 | &nbsp;&nbsp; 10121091 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(i)(m)</sup> <br>| 5.25% | 02/01/2053 | 15000 | &nbsp;&nbsp; 15541175 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(i)</sup> <br>| 5.50% | 05/01/2053 | 10000 | &nbsp;&nbsp; 10619305 |
| New York (City of), NY Municipal Water Finance Authority; Series 2022 CC-1, RB<sup>(i)</sup> <br>| 5.00% | 06/15/2052 | 21210 | &nbsp;&nbsp; 21469854 |
| New York (City of), NY Transitional Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 C-1, RB | 4.00% | 02/01/2051 | 10000 | &nbsp;&nbsp; 8655551 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(i)</sup> <br>| 5.00% | 02/01/2051 | 12000 | &nbsp;&nbsp; 12097981 |
| &nbsp;&nbsp;&nbsp; Series 2023 A-1, RB | 5.00% | 05/01/2053 | 4755 | &nbsp;&nbsp; 4819817 |
| &nbsp;&nbsp;&nbsp; Series 2023 A-1, RB<sup>(i)</sup> <br>| 5.00% | 05/01/2053 | 15500 | &nbsp;&nbsp; 15711287 |
| &nbsp;&nbsp;&nbsp; Series 2023 F-1, RB | 4.00% | 02/01/2051 | 9500 | &nbsp;&nbsp; 8354329 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, RB<sup>(i)(m)</sup> <br>| 5.25% | 05/01/2050 | 30000 | &nbsp;&nbsp; 31054620 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, RB<sup>(i)</sup> <br>| 5.00% | 05/01/2053 | 20000 | &nbsp;&nbsp; 20288008 |
| &nbsp;&nbsp;&nbsp; Series 2025, VRD RB<sup>(o)</sup> <br>| 1.45% | 11/01/2054 | 35000 | &nbsp;&nbsp; 35000000 |
| New York (State of) Dormitory Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 E, Ref. RB<sup>(i)</sup> <br>| 5.00% | 03/15/2041 | 23765 | &nbsp;&nbsp; 24012955 |
| &nbsp;&nbsp;&nbsp; Series 2021 E, Ref. RB | 4.00% | 03/15/2047 | 10075 | &nbsp;&nbsp; 8794216 |
| &nbsp;&nbsp;&nbsp; Series 2021 E, Ref. RB | 4.00% | 03/15/2049 | 25000 | &nbsp;&nbsp; 21494355 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, Ref. RB | 4.00% | 03/15/2049 | 5710 | &nbsp;&nbsp; 4917111 |
| New York (State of) Dormitory Authority (Columbia University); Series 2016 A-2, RB | 5.00% | 10/01/2046 | 10000 | &nbsp;&nbsp; 10680474 |
| &nbsp;&nbsp;&nbsp; New York (State of) Dormitory Authority (Northwell Health Obligated Group); Series 2024, Ref. <br> RB<br>| 4.00% | 05/01/2054 | 20270 | &nbsp;&nbsp; 16884509 |
| New York (State of) Dormitory Authority (White Plains Hospital Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.25% | 10/01/2049 | 2850 | &nbsp;&nbsp; 2854947 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB (INS - AGI)<sup>(e)</sup> <br>| 5.50% | 10/01/2054 | 3000 | &nbsp;&nbsp; 3135085 |
| New York (State of) Power Authority (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 4.00% | 11/15/2060 | 1610 | &nbsp;&nbsp; 1345325 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - AGI)<sup>(e)(i)</sup> <br>| 5.13% | 11/15/2063 | 20000 | &nbsp;&nbsp; 20275524 |
| New York (State of) Thruway Authority; Series 2019 B, RB | 4.00% | 01/01/2050 | 19250 | &nbsp;&nbsp; 16594522 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **New York–(continued)** | **New York–(continued)** | **New York–(continued)** | **New York–(continued)** | **New York–(continued)** |
| New York (State of) Thruway Authority (Bidding Group 4); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, Ref. RB | 4.00% | 03/15/2053 | $17000 | &nbsp;&nbsp; $14472804 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, Ref. RB | 4.00% | 03/15/2054 | 37075 | &nbsp;&nbsp; 31401698 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, Ref. RB | 4.00% | 03/15/2055 | 10000 | &nbsp;&nbsp; 8439154 |
| New York (State of) Thruway Authority (Group 5); Series 2021 A-1, Ref. RB | 4.00% | 03/15/2057 | 17075 | &nbsp;&nbsp; 14299592 |
| New York City Housing Development Corp. (Green Bonds); Series 2025 A-1, RB | 4.80% | 11/01/2055 | 10000 | &nbsp;&nbsp; 9744475 |
| New York Counties Tobacco Trust V; Series 2005 S4B, RB<sup>(c)(j)</sup> <br>| 0.00% | 06/01/2060 | 234000 | &nbsp;&nbsp; 9518371 |
| New York State Urban Development Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, Ref. RB<sup>(i)</sup> <br>| 5.00% | 03/15/2045 | 15520 | &nbsp;&nbsp; 16036172 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(i)</sup> <br>| 5.00% | 03/15/2050 | 15000 | &nbsp;&nbsp; 15343754 |
| &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>(b)</sup> <br>| 5.00% | 08/01/2026 | 26115 | &nbsp;&nbsp; 26114765 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(b)</sup> <br>| 5.00% | 08/01/2031 | 23220 | &nbsp;&nbsp; 23133269 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(b)</sup> <br>| 5.25% | 08/01/2031 | 12755 | &nbsp;&nbsp; 13031451 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(b)</sup> <br>| 5.38% | 08/01/2036 | 9800 | &nbsp;&nbsp; 9973649 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals <br> C&D Redevelopment);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB<sup>(b)</sup> <br>| 5.00% | 10/01/2040 | 15000 | &nbsp;&nbsp; 14840727 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB<sup>(b)</sup> <br>| 4.38% | 10/01/2045 | 16670 | &nbsp;&nbsp; 14783016 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (John F. Kennedy International Airport New <br> Terminal One) (Green Bonds);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB (INS - AGI)<sup>(b)(e)</sup> <br>| 5.00% | 06/30/2049 | 10000 | &nbsp;&nbsp; 9895715 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(b)</sup> <br>| 6.00% | 06/30/2054 | 15895 | &nbsp;&nbsp; 16674292 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB (INS - AGI)<sup>(b)(e)</sup> <br>| 5.13% | 06/30/2060 | 57890 | &nbsp;&nbsp; 57343570 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(b)</sup> <br>| 5.38% | 06/30/2060 | 32750 | &nbsp;&nbsp; 32602818 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB (INS - AGI)<sup>(b)(e)</sup> <br>| 5.25% | 06/30/2060 | 24690 | &nbsp;&nbsp; 24780143 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)</sup> <br>| 5.50% | 06/30/2060 | 51305 | &nbsp;&nbsp; 51390613 |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(b)</sup> <br>| 6.00% | 04/01/2035 | 21500 | &nbsp;&nbsp; 23354240 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(b)</sup> <br>| 5.63% | 04/01/2040 | 27500 | &nbsp;&nbsp; 28204201 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (Terminal 4 JFK International Airport); <br> Series 2024, Ref. RB (INS - AGI)<sup>(b)(e)(g)</sup> <br>| 5.00% | 12/31/2054 | 2750 | &nbsp;&nbsp; 1690235 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green <br> Bonds);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(b)(e)</sup> <br>| 5.25% | 12/31/2054 | 20000 | &nbsp;&nbsp; 20070596 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(b)</sup> <br>| 5.50% | 12/31/2060 | 27250 | &nbsp;&nbsp; 27382792 |
| Oneida Indian Nation; Series 2024 A, RB<sup>(c)</sup> <br>| 8.00% | 09/01/2040 | 8355 | &nbsp;&nbsp; 8365092 |
| Suffolk Regional Off-Track Betting Corp.; Series 2024, RB | 6.00% | 12/01/2053 | 4325 | &nbsp;&nbsp; 4422427 |
| Triborough Bridge & Tunnel Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, Ref. RB | 5.00% | 05/15/2051 | 25150 | &nbsp;&nbsp; 25401500 |
| &nbsp;&nbsp;&nbsp; Series 2021 C-1A, RB | 4.00% | 05/15/2046 | 12800 | &nbsp;&nbsp; 11294301 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (BAM-TCRS)<sup>(i)</sup> <br>| 5.25% | 05/15/2052 | 25000 | &nbsp;&nbsp; 25763343 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - BAM)<sup>(e)(i)</sup> <br>| 5.25% | 05/15/2064 | 29825 | &nbsp;&nbsp; 30894006 |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(i)</sup> <br>| 5.00% | 11/15/2049 | 17640 | &nbsp;&nbsp; 17820861 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB | 5.00% | 11/15/2054 | 3110 | &nbsp;&nbsp; 3119137 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 11/15/2056 | 5000 | &nbsp;&nbsp; 4246001 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, Ref. RB | 4.00% | 05/15/2051 | 18225 | &nbsp;&nbsp; 15553716 |
| &nbsp;&nbsp;&nbsp; Series 2022 D-2, RB<sup>(i)</sup> <br>| 5.25% | 05/15/2047 | 16700 | &nbsp;&nbsp; 17330495 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB | 4.25% | 05/15/2058 | 16000 | &nbsp;&nbsp; 14027147 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB<sup>(i)</sup> <br>| 4.25% | 05/15/2058 | 40000 | &nbsp;&nbsp; 35067868 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(i)</sup> <br>| 5.00% | 05/15/2051 | 30570 | &nbsp;&nbsp; 30875700 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(i)</sup> <br>| 5.25% | 05/15/2059 | 20000 | &nbsp;&nbsp; 20746390 |
| &nbsp;&nbsp;&nbsp; Subseries 2023 B-1, RB<sup>(i)</sup> <br>| 5.25% | 11/15/2053 | 34565 | &nbsp;&nbsp; 35741727 |
| Triborough Bridge & Tunnel Authority (TBTA Capital Lockbox Fund); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - AGI)<sup>(e)</sup> <br>| 4.50% | 12/01/2056 | 3000 | &nbsp;&nbsp; 2761805 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.50% | 12/01/2059 | 23000 | &nbsp;&nbsp; 24278881 |
| TSASC, Inc.; Series 2016 B, Ref. RB | 5.00% | 06/01/2045 | 4045 | &nbsp;&nbsp; 3568950 |
|  |  |  |  | &nbsp;&nbsp; 1541559844 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **North Carolina–0.39%** | **North Carolina–0.39%** | **North Carolina–0.39%** | **North Carolina–0.39%** | **North Carolina–0.39%** |
| Greater Asheville Regional Airport Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB (INS - AGI)<sup>(b)(e)</sup> <br>| 5.50% | 07/01/2052 | $4315 | &nbsp;&nbsp; $4434708 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB (INS - AGI)<sup>(b)(e)</sup> <br>| 5.25% | 07/01/2053 | 2500 | &nbsp;&nbsp; 2535981 |
| North Carolina (State of) Housing Finance Agency (Social Bonds); Series 2022, RB (CEP - GNMA) | 5.00% | 07/01/2047 | 4970 | &nbsp;&nbsp; 4809957 |
| North Carolina (State of) Medical Care Commission (Forest at Duke (The)); Series 2021, RB | 4.00% | 09/01/2051 | 1285 | &nbsp;&nbsp; 978002 |
| &nbsp;&nbsp;&nbsp; North Carolina (State of) Medical Care Commission (Novant Health Obligated Group); <br> Series 2019, RB<br>| 4.00% | 11/01/2052 | 10000 | &nbsp;&nbsp; 8464185 |
| &nbsp;&nbsp;&nbsp; North Carolina (State of) Turnpike Authority (Triangle Expressway System); Series 2024, RB (INS <br> - AGI)<sup>(e)</sup> <br>| 5.00% | 01/01/2058 | 14975 | &nbsp;&nbsp; 14823618 |
|  |  |  |  | &nbsp;&nbsp; 36046451 |
| **North Dakota–0.00%** | **North Dakota–0.00%** | **North Dakota–0.00%** | **North Dakota–0.00%** | **North Dakota–0.00%** |
| Grand Forks (County of), ND (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB (Acquired 05/21/2021; Cost $3,000,000)<sup>(b)(c)(f)(k)</sup> <br>| 6.63% | 12/15/2031 | 3000 | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB (Acquired 05/21/2021-09/08/2021; Cost $23,643,484)<sup>(b)(c)(f)(k)</sup> <br>| 7.00% | 12/15/2043 | 23500 | &nbsp;&nbsp; 235 |
|  |  |  |  | &nbsp;&nbsp; 265 |
| **Northern Mariana Islands–0.20%** | **Northern Mariana Islands–0.20%** | **Northern Mariana Islands–0.20%** | **Northern Mariana Islands–0.20%** | **Northern Mariana Islands–0.20%** |
| Northern Mariana Islands (Commonwealth of); Series 2007 B, Ref. GO Bonds<sup>(c)</sup> <br>| 5.00% | 10/01/2033 | 19490 | &nbsp;&nbsp; 18382101 |
| **Ohio–3.43%** | **Ohio–3.43%** | **Ohio–3.43%** | **Ohio–3.43%** | **Ohio–3.43%** |
| Buckeye Tobacco Settlement Financing Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 B-2, Ref. RB | 5.00% | 06/01/2055 | 184335 | &nbsp;&nbsp; 159742610 |
| &nbsp;&nbsp;&nbsp; Series 2020 B-3, Ref. RB<sup>(j)</sup> <br>| 0.00% | 06/01/2057 | 100000 | &nbsp;&nbsp; 9628260 |
| Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Constellation Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(c)</sup> <br>| 5.38% | 01/01/2039 | 1500 | &nbsp;&nbsp; 1423989 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(c)</sup> <br>| 5.88% | 01/01/2049 | 1650 | &nbsp;&nbsp; 1540399 |
| &nbsp;&nbsp;&nbsp; Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Flats East Bank); Series 2021, <br> Ref. RB<sup>(c)</sup> <br>| 4.50% | 12/01/2055 | 725 | &nbsp;&nbsp; 577581 |
| Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Playhouse Square Foundation); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.25% | 12/01/2038 | 815 | &nbsp;&nbsp; 820611 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.50% | 12/01/2043 | 735 | &nbsp;&nbsp; 737149 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.50% | 12/01/2053 | 2900 | &nbsp;&nbsp; 2796501 |
| &nbsp;&nbsp;&nbsp; Columbus Regional Airport Authority (John Glenn Columbus International Airport); Series 2025, <br> Ref. RB<sup>(b)</sup> <br>| 5.50% | 01/01/2055 | 13200 | &nbsp;&nbsp; 13602295 |
| Cuyahoga (County of), OH (MetroHealth System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 02/15/2042 | 13795 | &nbsp;&nbsp; 13290862 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.25% | 02/15/2047 | 10880 | &nbsp;&nbsp; 10622502 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 02/15/2057 | 12705 | &nbsp;&nbsp; 11714025 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.50% | 02/15/2057 | 10810 | &nbsp;&nbsp; 10488297 |
| Dayton-Montgomery County Port Authority (The Hunters Path); Series 2023, RB<sup>(c)</sup> <br>| 7.50% | 12/01/2055 | 4575 | &nbsp;&nbsp; 4487275 |
| Franklin (County of), OH (Wesley Communities); Series 2020, Ref. RB | 5.25% | 11/15/2055 | 2840 | &nbsp;&nbsp; 2481794 |
| Greater Cincinnati (Port of), OH Development Authority; Series 2004, RB | 6.40% | 02/15/2034 | 2310 | &nbsp;&nbsp; 2271942 |
| Hamilton (County of), OH (UC Health); Series 2025 A, Ref. RB | 5.50% | 08/01/2051 | 3500 | &nbsp;&nbsp; 3449183 |
| Hickory Chase Community Authority (Senior Bonds); Series 2019, Ref. RB<sup>(c)</sup> <br>| 5.00% | 12/01/2040 | 1690 | &nbsp;&nbsp; 1631798 |
| Marion (County of), OH (United Church Homes, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 12/01/2039 | 2300 | &nbsp;&nbsp; 1843143 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.13% | 12/01/2049 | 7760 | &nbsp;&nbsp; 5708983 |
| Norwood (City of), OH (Central Park); Series 2017, RB | 6.00% | 12/01/2046 | 1020 | &nbsp;&nbsp; 1016546 |
| Ohio (State of) Air Quality Development Authority (AMG Vanadium Project); Series 2019, RB<sup>(b)(c)</sup> <br>| 5.00% | 07/01/2049 | 5000 | &nbsp;&nbsp; 4385931 |
| Ohio (State of) Higher Educational Facility Commission (Hiram College); Series 2015, Ref. RB | 6.00% | 10/01/2041 | 21570 | &nbsp;&nbsp; 19705200 |
| Ohio (State of) Higher Educational Facility Commission (John Carroll University 2025); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.50% | 10/01/2050 | 2000 | &nbsp;&nbsp; 1957075 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.50% | 10/01/2057 | 2645 | &nbsp;&nbsp; 2565754 |
| Ohio (State of) Housing Finance Agency (Silver Birch of Mansfield); Series 2024, RB<sup>(c)</sup> <br>| 6.00% | 01/01/2045 | 2480 | &nbsp;&nbsp; 2345654 |
| University of Cincinnati; Series 2025, RB<sup>(i)</sup> <br>| 5.25% | 06/01/2054 | 15000 | &nbsp;&nbsp; 15485298 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities 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)** |
| Warren (County of), OH Port Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 D, RB<sup>(c)</sup> <br>| 4.00% | 12/01/2039 | $2115 | &nbsp;&nbsp; $1834491 |
| &nbsp;&nbsp;&nbsp; Series 2019 D, RB<sup>(c)</sup> <br>| 5.00% | 12/01/2052 | 3670 | &nbsp;&nbsp; 3306632 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(c)</sup> <br>| 5.25% | 12/01/2052 | 6020 | &nbsp;&nbsp; 5025216 |
|  |  |  |  | &nbsp;&nbsp; 316486996 |
| **Oklahoma–0.21%** | **Oklahoma–0.21%** | **Oklahoma–0.21%** | **Oklahoma–0.21%** | **Oklahoma–0.21%** |
| Atoka (County of), OK Health Care Authority (Atoka Memorial Hospital); Series 2007, RB | 6.63% | 10/01/2037 | 3965 | &nbsp;&nbsp; 3708752 |
| Oklahoma (County of), OK Finance Authority (Astec); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 5.25% | 06/15/2034 | 500 | &nbsp;&nbsp; 493447 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 6.00% | 06/15/2044 | 1375 | &nbsp;&nbsp; 1318913 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 6.25% | 06/15/2054 | 2475 | &nbsp;&nbsp; 2362775 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 6.50% | 06/15/2064 | 3425 | &nbsp;&nbsp; 3328873 |
| Oklahoma (State of) Ordnance Works Authority (Ralston Purina Co.); Series 1996, PCR<sup>(b)</sup> <br>| 6.50% | 09/01/2026 | 100 | &nbsp;&nbsp; 100222 |
| Tulsa (City of), OK Authority for Economic Opportunity (Vast Bank); Series 2021, RB<sup>(c)</sup> <br>| 4.00% | 12/01/2043 | 2385 | &nbsp;&nbsp; 1995693 |
| Tulsa Municipal Airport Trust Trustees; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(b)</sup> <br>| 6.25% | 12/01/2035 | 4000 | &nbsp;&nbsp; 4376767 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(b)</sup> <br>| 6.25% | 12/01/2040 | 2000 | &nbsp;&nbsp; 2149803 |
|  |  |  |  | &nbsp;&nbsp; 19835245 |
| **Ontario–0.20%** | **Ontario–0.20%** | **Ontario–0.20%** | **Ontario–0.20%** | **Ontario–0.20%** |
| Affordable Housing Tax-Exempt Bond Pass-Thru Trust; Series 2023-1, RB<sup>(c)</sup> <br>| 6.00% | 10/05/2040 | 18683 | &nbsp;&nbsp; 18616988 |
| **Oregon–1.01%** | **Oregon–1.01%** | **Oregon–1.01%** | **Oregon–1.01%** | **Oregon–1.01%** |
| Clackamas (County of), OR Hospital Facility Authority (Rose Villa); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 5.25% | 11/15/2050 | 1000 | &nbsp;&nbsp; 916541 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 5.38% | 11/15/2055 | 1000 | &nbsp;&nbsp; 916473 |
| Morrow (Port of), OR (Bonneville Cooperation Project No. 4); Series 2024 A, GO Bonds<sup>(c)</sup> <br>| 5.15% | 10/01/2026 | 7000 | &nbsp;&nbsp; 7010444 |
| Oregon (State of) Facilities Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(c)</sup> <br>| 5.63% | 06/15/2055 | 810 | &nbsp;&nbsp; 790668 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(c)</sup> <br>| 6.00% | 06/15/2065 | 1245 | &nbsp;&nbsp; 1255026 |
| Oregon (State of) Facilities Authority (Redmond Proficiency Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB<sup>(c)(d)(l)</sup> <br>| 5.75% | 06/30/2025 | 1940 | &nbsp;&nbsp; 1943828 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(d)(l)</sup> <br>| 5.25% | 06/30/2025 | 2625 | &nbsp;&nbsp; 2629174 |
| Portland (Port of), OR; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(b)(i)</sup> <br>| 5.00% | 07/01/2052 | 30000 | &nbsp;&nbsp; 29351115 |
| &nbsp;&nbsp;&nbsp; Series 2023-28, RB<sup>(b)</sup> <br>| 4.00% | 07/01/2042 | 12385 | &nbsp;&nbsp; 11088261 |
| &nbsp;&nbsp;&nbsp; Twenty Eighth Series 2022, RB<sup>(b)</sup> <br>| 4.00% | 07/01/2047 | 22220 | &nbsp;&nbsp; 19171434 |
| &nbsp;&nbsp;&nbsp; Twenty Seventh Series 2020 A, RB<sup>(b)</sup> <br>| 4.00% | 07/01/2050 | 11680 | &nbsp;&nbsp; 9887598 |
| Washington & Multnomah Counties School District No. 48J Beaverton; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds (CEP - Oregon School Bond Guaranty)<sup>(j)</sup> <br>| 0.00% | 06/15/2044 | 5000 | &nbsp;&nbsp; 1927355 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds (CEP - Oregon School Bond Guaranty)<sup>(j)</sup> <br>| 0.00% | 06/15/2045 | 2500 | &nbsp;&nbsp; 905720 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds (CEP - Oregon School Bond Guaranty)<sup>(j)</sup> <br>| 0.00% | 06/15/2046 | 3660 | &nbsp;&nbsp; 1251997 |
| Yamhill (County of), OR Hospital Authority (Friendsview); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 5.00% | 11/15/2046 | 1540 | &nbsp;&nbsp; 1298697 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 5.00% | 11/15/2056 | 4010 | &nbsp;&nbsp; 3179975 |
|  |  |  |  | &nbsp;&nbsp; 93524306 |
| **Pennsylvania–1.97%** | **Pennsylvania–1.97%** | **Pennsylvania–1.97%** | **Pennsylvania–1.97%** | **Pennsylvania–1.97%** |
| &nbsp;&nbsp;&nbsp; Allentown (City of), PA Neighborhood Improvement Zone Development Authority (615 <br> Waterfront); Series 2021, RB<sup>(c)</sup> <br>| 6.00% | 05/01/2042 | 3640 | &nbsp;&nbsp; 3724434 |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(c)</sup> <br>| 5.38% | 05/01/2042 | 8000 | &nbsp;&nbsp; 7844190 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.25% | 05/01/2042 | 3470 | &nbsp;&nbsp; 3418787 |
| &nbsp;&nbsp;&nbsp; Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Neuweiler <br> Lofts); Series 2023, RB<sup>(c)</sup> <br>| 6.25% | 05/01/2042 | 7965 | &nbsp;&nbsp; 7648782 |
| &nbsp;&nbsp;&nbsp; Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Waterfront-30 <br> E. Allen Street); Series 2024, RB<sup>(c)</sup> <br>| 6.00% | 05/01/2042 | 1615 | &nbsp;&nbsp; 1628913 |
| &nbsp;&nbsp;&nbsp; Chester (County of), PA Health & Education Facilities Authority (Main Line Health System); <br> Series 2020 A, RB<br>| 4.00% | 09/01/2050 | 7625 | &nbsp;&nbsp; 6201939 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** |
| Chester (County of), PA Industrial Development Authority (Hickman (The)); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.25% | 01/01/2037 | $1710 | &nbsp;&nbsp; $1598783 |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.50% | 01/01/2052 | 11080 | &nbsp;&nbsp; 9221043 |
| Chester (County of), PA Industrial Development Authority (Woodlands at Greystone); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(c)</sup> <br>| 5.00% | 03/01/2038 | 358 | &nbsp;&nbsp; 344812 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(c)</sup> <br>| 5.13% | 03/01/2048 | 748 | &nbsp;&nbsp; 678023 |
| Crawford (County of), PA Hospital Authority Meadville Medical Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 6.00% | 06/01/2046 | 2750 | &nbsp;&nbsp; 2760256 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 6.00% | 06/01/2051 | 4310 | &nbsp;&nbsp; 4284261 |
| Lehigh (County of), PA (Lehigh Valley Health Network); Series 2019, Ref. RB | 4.00% | 07/01/2049 | 4600 | &nbsp;&nbsp; 3723874 |
| Montgomery (County of), PA Higher Education & Health Authority (Pennsylvania LTC, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB (Acquired 10/25/2017-02/13/2019; Cost $1,250,272)<sup>(f)</sup> <br>| 5.00% | 12/01/2032 | 1260 | &nbsp;&nbsp; 1056538 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB (Acquired 10/25/2017; Cost $1,705,000)<sup>(f)</sup> <br>| 5.25% | 12/01/2037 | 1705 | &nbsp;&nbsp; 1313838 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB (Acquired 10/25/2017; Cost $487,605)<sup>(f)</sup> <br>| 5.30% | 12/01/2038 | 500 | &nbsp;&nbsp; 379147 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB (Acquired 10/25/2017-10/26/2017; Cost $3,128,288)<sup>(f)</sup> <br>| 5.38% | 12/01/2047 | 3140 | &nbsp;&nbsp; 2112306 |
| &nbsp;&nbsp;&nbsp; Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University); <br> Series 2022, Ref. RB<br>| 5.00% | 05/01/2057 | 7000 | &nbsp;&nbsp; 6779158 |
| &nbsp;&nbsp;&nbsp; Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life <br> Communities, Inc.); Series 2025, Ref. RB<br>| 5.00% | 11/15/2055 | 10000 | &nbsp;&nbsp; 9500440 |
| Northampton (County of), PA Industrial Development Authority; Series 2013, RB<sup>(k)</sup> <br>| 5.00% | 06/30/2027 | 4538 | &nbsp;&nbsp; 816872 |
| &nbsp;&nbsp;&nbsp; Northampton (County of), PA Industrial Development Authority (Northampton Generating Co. <br> L.P.); Series 2013 A, RB (Acquired 04/03/2013; Cost $7,245,256)<sup>(f)(k)</sup> <br>| 5.00% | 06/30/2027 | 8239 | &nbsp;&nbsp; 3625008 |
| Pennsylvania (Commonwealth of); Series 2025, RB<sup>(i)</sup> <br>| 4.80% | 10/01/2055 | 10000 | &nbsp;&nbsp; 9653362 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority; Series 2025, Ref. <br> RB<sup>(b)(c)(d)</sup> <br>| 5.45% | 03/27/2035 | 1000 | &nbsp;&nbsp; 994591 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major <br> Bridges);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(b)</sup> <br>| 5.75% | 06/30/2048 | 12140 | &nbsp;&nbsp; 12354695 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(b)</sup> <br>| 5.25% | 06/30/2053 | 19290 | &nbsp;&nbsp; 18845049 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB (INS - AGI)<sup>(b)(e)</sup> <br>| 5.00% | 12/31/2057 | 3750 | &nbsp;&nbsp; 3613662 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(b)</sup> <br>| 6.00% | 06/30/2061 | 11100 | &nbsp;&nbsp; 11527828 |
| Pennsylvania (Commonwealth of) Housing Finance Agency; Series 2018, RB (CEP - FNMA) | 3.60% | 08/01/2035 | 12 | &nbsp;&nbsp; 11508 |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds); Series 2025, RB | 4.63% | 10/01/2045 | 5200 | &nbsp;&nbsp; 5099235 |
| Philadelphia (City of), PA; Series 2021, Ref. RB<sup>(b)</sup> <br>| 5.00% | 07/01/2051 | 12515 | &nbsp;&nbsp; 12324707 |
| Philadelphia (City of), PA Authority for Industrial Development; Series 2017, Ref. RB<sup>(c)(d)(l)</sup> <br>| 5.00% | 03/15/2028 | 480 | &nbsp;&nbsp; 507234 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (Children's Hospital of <br> Philadelphia); Series 2025, RB<sup>(i)</sup> <br>| 5.50% | 07/01/2053 | 25000 | &nbsp;&nbsp; 26387093 |
| Philadelphia (City of), PA Authority for Industrial Development (Green Woods Charter school); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, Ref. RB | 5.25% | 06/15/2052 | 1000 | &nbsp;&nbsp; 933199 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, Ref. RB | 5.38% | 06/15/2057 | 1000 | &nbsp;&nbsp; 939343 |
|  |  |  |  | &nbsp;&nbsp; 181852910 |
| **Puerto Rico–6.64%** | **Puerto Rico–6.64%** | **Puerto Rico–6.64%** | **Puerto Rico–6.64%** | **Puerto Rico–6.64%** |
| Children's Trust Fund; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.50% | 05/15/2039 | 27200 | &nbsp;&nbsp; 27462385 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.63% | 05/15/2043 | 108400 | &nbsp;&nbsp; 109647543 |
| &nbsp;&nbsp;&nbsp; Series 2005 A, RB<sup>(j)</sup> <br>| 0.00% | 05/15/2050 | 28000 | &nbsp;&nbsp; 5103106 |
| &nbsp;&nbsp;&nbsp; Series 2005 B, RB<sup>(j)</sup> <br>| 0.00% | 05/15/2055 | 127450 | &nbsp;&nbsp; 14901339 |
| &nbsp;&nbsp;&nbsp; Series 2008 A, RB<sup>(j)</sup> <br>| 0.00% | 05/15/2057 | 204110 | &nbsp;&nbsp; 12252560 |
| HTA Trust; Series 2022 L, RB | 5.25% | 07/01/2038 | 17 | &nbsp;&nbsp; 17057 |
| PRHTA Custodial Trust; Series 2023, RB<sup>(k)</sup> <br>| 5.75% | 12/06/2049 | 128 | &nbsp;&nbsp; 36518 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Puerto Rico–(continued)** | **Puerto Rico–(continued)** | **Puerto Rico–(continued)** | **Puerto Rico–(continued)** | **Puerto Rico–(continued)** |
| Puerto Rico (Commonwealth of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(j)</sup> <br>| 0.00% | 07/01/2033 | $18710 | &nbsp;&nbsp; $12681751 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.63% | 07/01/2027 | 0 | &nbsp;&nbsp; 316 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.63% | 07/01/2029 | 15785 | &nbsp;&nbsp; 16546714 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.75% | 07/01/2031 | 35332 | &nbsp;&nbsp; 37827596 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2033 | 0 | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2035 | 0 | &nbsp;&nbsp; 258 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2037 | 16216 | &nbsp;&nbsp; 14988391 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2041 | 69523 | &nbsp;&nbsp; 59609930 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2046 | 32877 | &nbsp;&nbsp; 27040847 |
| &nbsp;&nbsp;&nbsp; Subseries 2022, RN<sup>(j)</sup> <br>| 0.00% | 11/01/2043 | 52718 | &nbsp;&nbsp; 31696835 |
| &nbsp;&nbsp;&nbsp; Subseries 2022, RN<sup>(j)</sup> <br>| 0.00% | 11/01/2051 | 1639 | &nbsp;&nbsp; 540975 |
| Puerto Rico (Commonwealth of) Electric Power Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 TT, RB<sup>(k)</sup> <br>| 5.00% | 07/01/2025 | 15 | &nbsp;&nbsp; 8194 |
| &nbsp;&nbsp;&nbsp; Series 2007 TT, RB<sup>(k)</sup> <br>| 5.00% | 07/01/2026 | 895 | &nbsp;&nbsp; 491131 |
| &nbsp;&nbsp;&nbsp; Series 2007 TT, RB<sup>(k)</sup> <br>| 5.00% | 07/01/2027 | 1990 | &nbsp;&nbsp; 1092012 |
| &nbsp;&nbsp;&nbsp; Series 2007 TT, RB<sup>(k)</sup> <br>| 5.00% | 07/01/2032 | 3680 | &nbsp;&nbsp; 2019400 |
| &nbsp;&nbsp;&nbsp; Series 2007 UU, Ref. RB (INS - AGI)<sup>(e)</sup> <br>| 5.00% | 07/01/2026 | 7905 | &nbsp;&nbsp; 7905323 |
| &nbsp;&nbsp;&nbsp; Series 2007 VV, Ref. RB (INS - NATL)<sup>(e)</sup> <br>| 5.25% | 07/01/2026 | 175 | &nbsp;&nbsp; 175092 |
| &nbsp;&nbsp;&nbsp; Series 2007 VV, Ref. RB (INS - NATL)<sup>(e)</sup> <br>| 5.25% | 07/01/2033 | 22000 | &nbsp;&nbsp; 21566206 |
| &nbsp;&nbsp;&nbsp; Series 2007 VV, Ref. RB (INS - NATL)<sup>(e)</sup> <br>| 5.25% | 07/01/2035 | 465 | &nbsp;&nbsp; 448923 |
| &nbsp;&nbsp;&nbsp; Series 2008 WW, RB<sup>(k)</sup> <br>| 5.38% | 07/01/2025 | 390 | &nbsp;&nbsp; 213037 |
| &nbsp;&nbsp;&nbsp; Series 2008 WW, RB<sup>(k)</sup> <br>| 5.25% | 07/01/2033 | 415 | &nbsp;&nbsp; 227731 |
| &nbsp;&nbsp;&nbsp; Series 2008 WW, RB<sup>(k)</sup> <br>| 5.50% | 07/01/2038 | 605 | &nbsp;&nbsp; 331994 |
| &nbsp;&nbsp;&nbsp; Series 2010 AAA, RB<sup>(k)</sup> <br>| 5.25% | 07/01/2026 | 4570 | &nbsp;&nbsp; 2507787 |
| &nbsp;&nbsp;&nbsp; Series 2010 AAA, RB<sup>(k)</sup> <br>| 5.25% | 07/01/2028 | 2600 | &nbsp;&nbsp; 1426750 |
| &nbsp;&nbsp;&nbsp; Series 2010 AAA, RB<sup>(k)</sup> <br>| 5.25% | 07/01/2029 | 445 | &nbsp;&nbsp; 244194 |
| &nbsp;&nbsp;&nbsp; Series 2010 AAA, RB<sup>(k)</sup> <br>| 5.25% | 07/01/2030 | 95 | &nbsp;&nbsp; 52131 |
| &nbsp;&nbsp;&nbsp; Series 2010 CCC, RB<sup>(k)</sup> <br>| 5.00% | 07/01/2025 | 35 | &nbsp;&nbsp; 19119 |
| &nbsp;&nbsp;&nbsp; Series 2010 CCC, RB<sup>(k)</sup> <br>| 5.00% | 07/01/2027 | 285 | &nbsp;&nbsp; 156394 |
| &nbsp;&nbsp;&nbsp; Series 2010 CCC, RB<sup>(k)</sup> <br>| 5.00% | 07/01/2028 | 540 | &nbsp;&nbsp; 296325 |
| &nbsp;&nbsp;&nbsp; Series 2010 XX, RB<sup>(k)</sup> <br>| 5.25% | 07/01/2026 | 10 | &nbsp;&nbsp; 5488 |
| &nbsp;&nbsp;&nbsp; Series 2010 XX, RB<sup>(k)</sup> <br>| 5.25% | 07/01/2027 | 845 | &nbsp;&nbsp; 463694 |
| &nbsp;&nbsp;&nbsp; Series 2010 XX, RB<sup>(k)</sup> <br>| 5.25% | 07/01/2035 | 2660 | &nbsp;&nbsp; 1459675 |
| &nbsp;&nbsp;&nbsp; Series 2010 XX, RB<sup>(k)</sup> <br>| 5.75% | 07/01/2036 | 18575 | &nbsp;&nbsp; 10193031 |
| &nbsp;&nbsp;&nbsp; Series 2010 XX, RB<sup>(k)</sup> <br>| 5.25% | 07/01/2040 | 12985 | &nbsp;&nbsp; 7125519 |
| &nbsp;&nbsp;&nbsp; Series 2010 ZZ, Ref. RB<sup>(k)</sup> <br>| 4.63% | 07/01/2025 | 190 | &nbsp;&nbsp; 104262 |
| &nbsp;&nbsp;&nbsp; Series 2010 ZZ, Ref. RB<sup>(k)</sup> <br>| 5.00% | 07/01/2025 | 215 | &nbsp;&nbsp; 117444 |
| &nbsp;&nbsp;&nbsp; Series 2010 ZZ, Ref. RB<sup>(k)</sup> <br>| 5.25% | 07/01/2025 | 275 | &nbsp;&nbsp; 150906 |
| &nbsp;&nbsp;&nbsp; Series 2010 ZZ, Ref. RB<sup>(k)</sup> <br>| 5.00% | 07/01/2026 | 10 | &nbsp;&nbsp; 5488 |
| &nbsp;&nbsp;&nbsp; Series 2010 ZZ, Ref. RB<sup>(k)</sup> <br>| 5.25% | 07/01/2026 | 1135 | &nbsp;&nbsp; 622831 |
| &nbsp;&nbsp;&nbsp; Series 2012 A, RB<sup>(k)</sup> <br>| 5.00% | 07/01/2029 | 3100 | &nbsp;&nbsp; 1701125 |
| &nbsp;&nbsp;&nbsp; Series 2012 A, RB<sup>(k)</sup> <br>| 5.05% | 07/01/2042 | 11925 | &nbsp;&nbsp; 6543844 |
| &nbsp;&nbsp;&nbsp; Series 2013 A, RB<sup>(k)</sup> <br>| 7.25% | 07/01/2030 | 160 | &nbsp;&nbsp; 87800 |
| &nbsp;&nbsp;&nbsp; Series 2013 A, RB<sup>(k)</sup> <br>| 7.00% | 07/01/2040 | 480 | &nbsp;&nbsp; 263400 |
| Puerto Rico (Commonwealth of) GDB Debt Recovery Authority; Series 2023, RB | 7.50% | 08/20/2040 | 1565 | &nbsp;&nbsp; 1488559 |
| &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 07/06/2016-03/25/2024; Cost $519,951)<sup>(f)</sup> <br>| 6.63% | 01/01/2027 | 457 | &nbsp;&nbsp; 451828 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB (Acquired 07/06/2016-04/01/2025; Cost $4,585,065)<sup>(f)</sup> <br>| 6.63% | 01/01/2028 | 4199 | &nbsp;&nbsp; 4140267 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities 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 Sales Tax Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(j)</sup> <br>| 0.00% | 07/01/2029 | $11 | &nbsp;&nbsp; $9343 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(j)</sup> <br>| 0.00% | 07/01/2046 | 142376 | &nbsp;&nbsp; 45707579 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(j)</sup> <br>| 0.00% | 07/01/2051 | 103344 | &nbsp;&nbsp; 24396986 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 4.75% | 07/01/2053 | 49269 | &nbsp;&nbsp; 45120299 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 5.00% | 07/01/2058 | 13500 | &nbsp;&nbsp; 12684001 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.33% | 07/01/2040 | 9212 | &nbsp;&nbsp; 8602302 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.33% | 07/01/2040 | 9815 | &nbsp;&nbsp; 9155495 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.54% | 07/01/2053 | 4576 | &nbsp;&nbsp; 3965329 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.78% | 07/01/2058 | 14781 | &nbsp;&nbsp; 13251274 |
| University of Puerto Rico; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006 P, Ref. RB (Acquired 12/03/2014-04/16/2019; Cost $3,277,200)<sup>(f)</sup> <br>| 5.00% | 06/01/2030 | 5260 | &nbsp;&nbsp; 5082836 |
| &nbsp;&nbsp;&nbsp; Series 2006 Q, RB (Acquired 10/10/2017; Cost $671,375)<sup>(f)</sup> <br>| 5.00% | 06/01/2036 | 1025 | &nbsp;&nbsp; 970610 |
|  |  |  |  | &nbsp;&nbsp; 613407129 |
| **Rhode Island–0.19%** | **Rhode Island–0.19%** | **Rhode Island–0.19%** | **Rhode Island–0.19%** | **Rhode Island–0.19%** |
| &nbsp;&nbsp;&nbsp; Central Falls Detention Facility Corp.; Series 2005, Ref. RB (Acquired 06/23/2005; <br> Cost $43,767,323)<sup>(f)(k)</sup> <br>| 7.25% | 07/15/2035 | 44240 | &nbsp;&nbsp; 17253600 |
| **South Carolina–1.83%** | **South Carolina–1.83%** | **South Carolina–1.83%** | **South Carolina–1.83%** | **South Carolina–1.83%** |
| Patriots Energy Group Financing Agency; Series 2023 A-1, RB<sup>(d)</sup> <br>| 5.25% | 08/01/2031 | 103080 | &nbsp;&nbsp; 108568773 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & <br> South of Broad Healthcare); Series 2024, RB<br>| 5.75% | 11/15/2054 | 1500 | &nbsp;&nbsp; 1512771 |
| South Carolina (State of) Jobs-Economic Development Authority (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(b)(c)</sup> <br>| 7.00% | 05/01/2039 | 5000 | &nbsp;&nbsp; 4117846 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB (Acquired 06/16/2021; Cost $1,000,000)<sup>(b)(c)(f)(k)</sup> <br>| 6.00% | 06/01/2031 | 1000 | &nbsp;&nbsp; 150000 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB (Acquired 06/16/2021; Cost $1,000,000)<sup>(b)(c)(f)(k)</sup> <br>| 6.25% | 06/01/2040 | 1000 | &nbsp;&nbsp; 150000 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB (Acquired 06/16/2021-04/06/2022; Cost $2,690,000)<sup>(b)(c)(f)(k)</sup> <br>| 6.50% | 06/01/2051 | 2750 | &nbsp;&nbsp; 412500 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Greer Preparatory Academy <br> Project);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 6.38% | 06/15/2045 | 2270 | &nbsp;&nbsp; 2206951 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 6.50% | 06/15/2059 | 4450 | &nbsp;&nbsp; 4254772 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Oceanside Collegiate Academy); <br> Series 2024, Ref. RB<sup>(c)</sup> <br>| 5.00% | 06/15/2054 | 2400 | &nbsp;&nbsp; 2181093 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Prisma Health Obligated Group); <br> Series 2018 A, Ref. RB<br>| 5.00% | 05/01/2048 | 8245 | &nbsp;&nbsp; 8112139 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Seafields at Kiawah Island); <br> Series 2023, RB<br>| 7.50% | 11/15/2053 | 10000 | &nbsp;&nbsp; 10375183 |
| South Carolina (State of) Public Service Authority (Santee Cooper); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB | 5.25% | 12/01/2049 | 7365 | &nbsp;&nbsp; 7533480 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, Ref. RB | 5.25% | 12/01/2054 | 18885 | &nbsp;&nbsp; 19178337 |
|  |  |  |  | &nbsp;&nbsp; 168753845 |
| **South Dakota–0.05%** | **South Dakota–0.05%** | **South Dakota–0.05%** | **South Dakota–0.05%** | **South Dakota–0.05%** |
| &nbsp;&nbsp;&nbsp; South Dakota (State of) Health & Educational Facilities Authority (Sanford Obligated Group); <br> Series 2015, Ref. RB<br>| 5.00% | 11/01/2045 | 5000 | &nbsp;&nbsp; 4872648 |
| **Tennessee–0.51%** | **Tennessee–0.51%** | **Tennessee–0.51%** | **Tennessee–0.51%** | **Tennessee–0.51%** |
| &nbsp;&nbsp;&nbsp; Chattanooga (City of), TN Health, Educational & Housing Facility Board (Erlanger Health System); <br> Series 2024, Ref. RB<br>| 5.25% | 12/01/2054 | 8000 | &nbsp;&nbsp; 8004266 |
| &nbsp;&nbsp;&nbsp; Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee); <br> Series 2024 B-1, RB (INS - BAM)<sup>(e)</sup> <br>| 5.13% | 07/01/2059 | 10930 | &nbsp;&nbsp; 10724987 |
| &nbsp;&nbsp;&nbsp; Knox County Industrial Development Board (Green Bonds) (Tompaul Knoxville, LLC Recycling); <br> Series 2022, RB<sup>(b)(c)</sup> <br>| 9.50% | 11/01/2052 | 10000 | &nbsp;&nbsp; 9956314 |
| Memphis (City of), TN; Series 2018, GO Bonds | 4.00% | 06/01/2047 | 10765 | &nbsp;&nbsp; 9688971 |
| &nbsp;&nbsp;&nbsp; Nashville (City of), TN Metropolitan Development and Housing Agency (Fifth + Broadway <br> Development); Series 2018, RB<sup>(c)</sup> <br>| 5.13% | 06/01/2036 | 600 | &nbsp;&nbsp; 603313 |
| Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013 A, Ref. RB<sup>(c)</sup> <br>| 5.50% | 09/01/2047 | 9000 | &nbsp;&nbsp; 7625524 |
| &nbsp;&nbsp;&nbsp; Series 2013 B, Ref. RB<sup>(k)</sup> <br>| 8.00% | 09/01/2044 | 6350 | &nbsp;&nbsp; 317500 |
|  |  |  |  | &nbsp;&nbsp; 46920875 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Texas–10.21%** | **Texas–10.21%** | **Texas–10.21%** | **Texas–10.21%** | **Texas–10.21%** |
| Anna (City of), TX; Series 2023, RB<sup>(c)</sup> <br>| 7.38% | 09/15/2052 | $2500 | &nbsp;&nbsp; $2674065 |
| Argyle (Town of), TX (The Highlands of Argyle Public Improvement District No. 1); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.00% | 09/01/2037 | 890 | &nbsp;&nbsp; 882582 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.25% | 09/01/2047 | 1475 | &nbsp;&nbsp; 1401990 |
| Arlington Higher Education Finance Corp. (Cypress Christian School); Series 2024, RB<sup>(c)</sup> <br>| 6.25% | 06/01/2063 | 9155 | &nbsp;&nbsp; 9171539 |
| Arlington Higher Education Finance Corp. (Riverwalk Education Foundation); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (CEP - Texas Permanent School Fund) | 4.50% | 08/15/2055 | 4000 | &nbsp;&nbsp; 3746844 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (CEP - Texas Permanent School Fund) | 4.50% | 08/15/2060 | 5000 | &nbsp;&nbsp; 4663069 |
| Arlington Higher Education Finance Corp. (UME Preparatory Academy); Series 2017 A, RB | 5.00% | 08/15/2053 | 785 | &nbsp;&nbsp; 687169 |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. (Winfree Academy Charter School); Series 2019, Ref. <br> RB<br>| 5.75% | 08/15/2043 | 4345 | &nbsp;&nbsp; 4259365 |
| Aubrey (City of), TX; Series 2025, RB<sup>(c)</sup> <br>| 5.63% | 12/31/2055 | 1500 | &nbsp;&nbsp; 1393232 |
| Aubrey (City of), TX (Aubrey Public Improvement District No. 1); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 5.88% | 09/01/2043 | 1030 | &nbsp;&nbsp; 1014561 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 6.00% | 09/01/2053 | 1600 | &nbsp;&nbsp; 1567143 |
| &nbsp;&nbsp;&nbsp; Aubrey Independent School District; Series 2022, GO Bonds (CEP - Texas Permanent School <br> Fund)<br>| 4.00% | 02/15/2047 | 20500 | &nbsp;&nbsp; 18510865 |
| Austin (City of), TX; Series 2022, RB<sup>(b)</sup> <br>| 5.00% | 11/15/2043 | 3450 | &nbsp;&nbsp; 3457667 |
| Bastrop (City of), TX; Series 2025, RB<sup>(c)</sup> <br>| 5.63% | 09/01/2055 | 1000 | &nbsp;&nbsp; 966318 |
| Boyd (City of), TX; Series 2025, RB<sup>(c)</sup> <br>| 5.88% | 09/15/2055 | 710 | &nbsp;&nbsp; 714161 |
| &nbsp;&nbsp;&nbsp; Brazoria County Industrial Development Corp. (Aleon Renewable); Series 2022, RB (Acquired <br> 06/08/2022; Cost $5,745,732)<sup>(b)(c)(d)(f)</sup> <br>| 10.00% | 06/01/2026 | 6000 | &nbsp;&nbsp; 5100000 |
| &nbsp;&nbsp;&nbsp; Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC); Series 2019, RB <br> (Acquired 11/13/2019-08/08/2022; Cost $19,999,622)<sup>(b)(f)(k)</sup> <br>| 7.00% | 03/01/2039 | 19875 | &nbsp;&nbsp; 15900000 |
| &nbsp;&nbsp;&nbsp; Calhoun (County of), TX Navigation Industrial Development Authority (Max Midstream Texas LLC); <br> Series 2021, RN<sup>(b)(c)</sup> <br>| 3.63% | 07/01/2026 | 11680 | &nbsp;&nbsp; 11175854 |
| Cambridge Student Housing Financing Co. L.P.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2004 C, Revenue Ctfs.<sup>(k)</sup> <br>| 9.70% | 11/01/2039 | 4502 | &nbsp;&nbsp; 900 |
| &nbsp;&nbsp;&nbsp; Series 2004 D, Revenue Ctfs.<sup>(k)</sup> <br>| 4.14% | 11/01/2039 | 3659 | &nbsp;&nbsp; 7318 |
| &nbsp;&nbsp;&nbsp; Carrollton-Farmers Branch Independent School District; Series 2023, GO Bonds (CEP - Texas <br> Permanent School Fund)<br>| 4.00% | 02/15/2053 | 20000 | &nbsp;&nbsp; 17431184 |
| Celina (City of), TX; Series 2025, RB<sup>(c)</sup> <br>| 5.63% | 09/01/2055 | 850 | &nbsp;&nbsp; 803030 |
| Celina (City of), TX (Cross Creek Meadows Public Improvement District Improvement Area #1); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 5.38% | 09/01/2043 | 1615 | &nbsp;&nbsp; 1562827 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 5.50% | 09/01/2053 | 2305 | &nbsp;&nbsp; 2147856 |
| Celina (City of), TX (Mosaic Public Improvement District Phase #1); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 5.13% | 09/01/2043 | 1200 | &nbsp;&nbsp; 1127379 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 5.50% | 09/01/2053 | 1825 | &nbsp;&nbsp; 1700580 |
| Celina (City of), TX (Ten Mile Creek Public Improvement District Improvement Area #1); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 4.75% | 09/01/2030 | 325 | &nbsp;&nbsp; 327111 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 5.50% | 09/01/2042 | 875 | &nbsp;&nbsp; 866942 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 5.75% | 09/01/2052 | 1500 | &nbsp;&nbsp; 1451458 |
| Celina (City of), TX (Ten Mile Creek Public Improvement District Major Improvement Area); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 5.50% | 09/01/2030 | 250 | &nbsp;&nbsp; 256658 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 6.25% | 09/01/2042 | 800 | &nbsp;&nbsp; 781526 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 6.50% | 09/01/2052 | 1300 | &nbsp;&nbsp; 1268793 |
| Central Texas Regional Mobility Authority; Series 2020 E, RB | 4.00% | 01/01/2050 | 10000 | &nbsp;&nbsp; 8543395 |
| &nbsp;&nbsp;&nbsp; Chapel Hill Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent School <br> Fund)<br>| 4.00% | 02/15/2053 | 3000 | &nbsp;&nbsp; 2610553 |
| City of San Antonio TX Electric & Gas Systems Revenue; Series 2025, RB<sup>(i)</sup> <br>| 5.25% | 02/01/2046 | 5050 | &nbsp;&nbsp; 5267502 |
| Clifton Higher Education Finance Corp. (International Leadership of Texas); Series 2018 D, RB | 6.00% | 08/15/2038 | 5000 | &nbsp;&nbsp; 5011255 |
| Corpus Christi (City of), TX (Whitecap Public Improvement District No. 1); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 6.13% | 09/15/2044 | 1000 | &nbsp;&nbsp; 956216 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 6.50% | 09/15/2054 | 1356 | &nbsp;&nbsp; 1295275 |
| Crandall (City of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(c)</sup> <br>| 4.75% | 09/15/2031 | 100 | &nbsp;&nbsp; 99028 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(c)</sup> <br>| 4.25% | 09/15/2041 | 250 | &nbsp;&nbsp; 220478 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(c)</sup> <br>| 5.00% | 09/15/2041 | 500 | &nbsp;&nbsp; 462426 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(c)</sup> <br>| 4.50% | 09/15/2051 | 1500 | &nbsp;&nbsp; 1272481 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(c)</sup> <br>| 5.25% | 09/15/2051 | 500 | &nbsp;&nbsp; 461218 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities 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)** |
| &nbsp;&nbsp;&nbsp; Crandall (City of), TX (River Ridge Public Improvement Disctrict Improvement Area #3); <br> Series 2025, RB<sup>(c)</sup> <br>| 5.50% | 09/15/2055 | $1250 | &nbsp;&nbsp; $1180805 |
| &nbsp;&nbsp;&nbsp; Crowley Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent School <br> Fund)<br>| 5.25% | 02/01/2053 | 7500 | &nbsp;&nbsp; 7768991 |
| Decatur (City of), TX (Paloma Trails Public Improvement District Area No. 1); Series 2025, RB<sup>(c)</sup> <br>| 5.75% | 09/15/2055 | 1077 | &nbsp;&nbsp; 1017543 |
| Denton Independent School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, GO Bonds (CEP - Texas Permanent School Fund)<sup>(i)</sup> <br>| 5.00% | 08/15/2048 | 14000 | &nbsp;&nbsp; 14343318 |
| &nbsp;&nbsp;&nbsp; Series 2023, GO Bonds (CEP - Texas Permanent School Fund)<sup>(i)</sup> <br>| 5.00% | 08/15/2053 | 26000 | &nbsp;&nbsp; 26536760 |
| DeSoto (City of), TX (Danieldale Homestead); Series 2023, RB<sup>(c)</sup> <br>| 5.50% | 09/15/2050 | 1500 | &nbsp;&nbsp; 1450103 |
| Edinburg Economic Development Corp.; Series 2019, RB<sup>(c)</sup> <br>| 5.00% | 08/15/2044 | 1745 | &nbsp;&nbsp; 1536313 |
| El Paso (City of), TX; Series 2022, RB | 5.00% | 03/01/2049 | 22800 | &nbsp;&nbsp; 23504116 |
| Galveston (City of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, RB | 5.63% | 09/01/2028 | 675 | &nbsp;&nbsp; 644966 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB | 6.00% | 09/01/2038 | 2770 | &nbsp;&nbsp; 2418691 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB | 6.13% | 09/01/2044 | 2690 | &nbsp;&nbsp; 2225170 |
| Gulf Coast Industrial Development Authority; Series 1998, RB<sup>(b)</sup> <br>| 8.00% | 04/01/2028 | 20 | &nbsp;&nbsp; 20022 |
| Harris (County of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds<sup>(i)</sup> <br>| 5.50% | 02/15/2050 | 15830 | &nbsp;&nbsp; 16667887 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(i)</sup> <br>| 5.25% | 08/15/2054 | 20000 | &nbsp;&nbsp; 20809476 |
| Harris (County of), TX Toll Road Authority (The); Series 2021, Ref. RB | 4.00% | 08/15/2045 | 2550 | &nbsp;&nbsp; 2305252 |
| Hays (County of), TX (La Cima Public Improvement District); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.50% | 09/15/2042 | 2000 | &nbsp;&nbsp; 1935632 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.75% | 09/15/2052 | 3550 | &nbsp;&nbsp; 3402679 |
| Highway 380 Municipal Management District No. 1; Series 2022, GO Bonds (INS - BAM)<sup>(e)</sup> <br>| 4.00% | 05/01/2044 | 2355 | &nbsp;&nbsp; 2112584 |
| Houston (City of), TX; Series 2024 B, RB<sup>(b)</sup> <br>| 5.50% | 07/15/2037 | 8395 | &nbsp;&nbsp; 8642547 |
| Houston (City of), TX (United Airlines, Inc.); Series 2024 B, RB<sup>(b)</sup> <br>| 5.50% | 07/15/2038 | 14000 | &nbsp;&nbsp; 14403336 |
| Houston (City of), TX Airport System (United Airlines, Inc.); Series 2024 B, RB<sup>(b)</sup> <br>| 5.50% | 07/15/2039 | 8605 | &nbsp;&nbsp; 8815153 |
| &nbsp;&nbsp;&nbsp; Humble Independent School District; Series 2022, GO Bonds (CEP - Texas Permanent School <br> Fund)<br>| 4.00% | 02/15/2052 | 20500 | &nbsp;&nbsp; 17947110 |
| Hutto (City of), TX; Series 2025, RB<sup>(c)</sup> <br>| 5.38% | 09/01/2060 | 1000 | &nbsp;&nbsp; 927470 |
| Lamar Consolidated Independent School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 A, GO Bonds (CEP - Texas Permanent School Fund) | 4.00% | 02/15/2048 | 20000 | &nbsp;&nbsp; 17936742 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, GO Bonds (CEP - Texas Permanent School Fund)<sup>(i)</sup> <br>| 5.00% | 02/15/2058 | 16550 | &nbsp;&nbsp; 16766884 |
| &nbsp;&nbsp;&nbsp; Series 2023, GO Bonds | 4.00% | 02/15/2048 | 27500 | &nbsp;&nbsp; 23981809 |
| &nbsp;&nbsp;&nbsp; Series 2023, GO Bonds | 4.00% | 02/15/2053 | 35000 | &nbsp;&nbsp; 29496414 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds (INS - AGI)<sup>(e)(i)</sup> <br>| 5.50% | 02/15/2058 | 30000 | &nbsp;&nbsp; 31329954 |
| Lewisville (City of), TX; Series 2023 A, RB<sup>(c)</sup> <br>| 8.00% | 09/01/2053 | 1625 | &nbsp;&nbsp; 1655703 |
| Little Elm (Town of), TX (Valencia Public Improvement District No. 2); Series 2022, RB<sup>(c)</sup> <br>| 6.88% | 09/01/2052 | 2700 | &nbsp;&nbsp; 2758723 |
| &nbsp;&nbsp;&nbsp; Maypearl Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent School <br> Fund)<br>| 5.00% | 02/15/2048 | 2000 | &nbsp;&nbsp; 2050737 |
| Mclendon-Chisholm (City of), TX (Sonoma Public Improvement); Series 2022, RB<sup>(c)</sup> <br>| 5.75% | 09/15/2052 | 2500 | &nbsp;&nbsp; 2348793 |
| Midlothian (City of), TX (Westside Preserve Public Improvement District); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.25% | 09/15/2042 | 1500 | &nbsp;&nbsp; 1454089 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.38% | 09/15/2052 | 2500 | &nbsp;&nbsp; 2338181 |
| Mission Economic Development Corp. (Natgasoline); Series 2018, Ref. RB<sup>(b)(c)</sup> <br>| 4.63% | 10/01/2031 | 30325 | &nbsp;&nbsp; 30291867 |
| &nbsp;&nbsp;&nbsp; Montgomery Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent School <br> Fund)<br>| 4.00% | 02/15/2053 | 8500 | &nbsp;&nbsp; 7403520 |
| New Hope Cultural Education Facilities Finance Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 6.25% | 10/01/2045 | 4280 | &nbsp;&nbsp; 4116287 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 6.50% | 10/01/2055 | 10380 | &nbsp;&nbsp; 9989530 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 6.50% | 10/01/2060 | 7280 | &nbsp;&nbsp; 6956989 |
| New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, RB (Acquired 11/24/2021; Cost $150,000)<sup>(f)</sup> <br>| 7.50% | 11/15/2037 | 150 | &nbsp;&nbsp; 117524 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-2, RB (Acquired 11/24/2021; Cost $2,100,000)<sup>(f)</sup> <br>| 7.50% | 11/15/2036 | 2100 | &nbsp;&nbsp; 1713256 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB (Acquired 07/27/2007-05/15/2025; Cost $4,081,496)<sup>(f)</sup> <br>| 2.00% | 11/15/2061 | 4081 | &nbsp;&nbsp; 1427590 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (CHF - Collegiate Housing Denton, LLC - <br> Texas Woman's University); Series 2018 A-1, RB (INS - AGI)<sup>(e)</sup> <br>| 5.00% | 07/01/2058 | 2400 | &nbsp;&nbsp; 2276164 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (Children's Health System of Texas); <br> Series 2019 A, RB<sup>(c)</sup> <br>| 5.00% | 08/15/2051 | 2885 | &nbsp;&nbsp; 2577258 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** |
| New Hope Cultural Education Facilities Finance Corp. (Cumberland Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(c)</sup> <br>| 5.00% | 08/15/2040 | $2390 | &nbsp;&nbsp; $2131127 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(c)</sup> <br>| 5.00% | 08/15/2050 | 20 | &nbsp;&nbsp; 16763 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (Forefront Living - Bella Vida); Series 2025, <br> RB<br>| 5.25% | 10/01/2030 | 5000 | &nbsp;&nbsp; 4980798 |
| New Hope Cultural Education Facilities Finance Corp. (Legacy Midtown Park); Series 2018 A, RB | 5.50% | 07/01/2054 | 8400 | &nbsp;&nbsp; 5863998 |
| New Hope Cultural Education Facilities Finance Corp. (Legacy Preparatory Charter Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 6.00% | 08/15/2037 | 1650 | &nbsp;&nbsp; 1554550 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 6.00% | 08/15/2047 | 13435 | &nbsp;&nbsp; 12069570 |
| New Hope Cultural Education Facilities Finance Corp. (Longhorn Village); Series 2017, Ref. RB | 5.00% | 01/01/2047 | 8000 | &nbsp;&nbsp; 7326614 |
| New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.38% | 11/15/2036 | 400 | &nbsp;&nbsp; 347861 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.50% | 11/15/2046 | 650 | &nbsp;&nbsp; 509089 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.50% | 11/15/2052 | 3425 | &nbsp;&nbsp; 2558707 |
| New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The)); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB | 6.63% | 10/01/2043 | 24685 | &nbsp;&nbsp; 23966950 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB | 6.75% | 10/01/2052 | 9910 | &nbsp;&nbsp; 9364724 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB | 6.88% | 10/01/2057 | 16160 | &nbsp;&nbsp; 15322185 |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.25% | 10/01/2049 | 4550 | &nbsp;&nbsp; 4003245 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 5.25% | 10/01/2055 | 12390 | &nbsp;&nbsp; 10618711 |
| New Hope Cultural Education Facilities Finance Corp. (Wesleyan Homes, Inc.); Series 2014, RB | 5.50% | 01/01/2049 | 1300 | &nbsp;&nbsp; 1129384 |
| North Central Texas Housing Finance Corp. (Village of Kaufman Apartments); Series 2012, RB<sup>(d)</sup> <br>| 6.15% | 01/01/2029 | 1605 | &nbsp;&nbsp; 1524750 |
| North Parkway Municipal Management District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(c)</sup> <br>| 4.00% | 09/15/2041 | 500 | &nbsp;&nbsp; 418803 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(c)</sup> <br>| 4.25% | 09/15/2051 | 1000 | &nbsp;&nbsp; 802490 |
| North Parkway Municipal Management District No. 1 (Major Improvements); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(c)</sup> <br>| 4.75% | 09/15/2041 | 2000 | &nbsp;&nbsp; 1855220 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(c)</sup> <br>| 5.00% | 09/15/2051 | 3500 | &nbsp;&nbsp; 3208191 |
| Pilot Point (City of), TX (Creekview Public Improvement District Zone A); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.75% | 09/15/2032 | 340 | &nbsp;&nbsp; 347739 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.50% | 09/15/2042 | 800 | &nbsp;&nbsp; 774253 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.63% | 09/15/2052 | 1450 | &nbsp;&nbsp; 1384369 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 6.13% | 09/15/2052 | 2070 | &nbsp;&nbsp; 2059677 |
| Pilot Point (City of), TX (Creekview Public Improvement District Zone B); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.50% | 09/15/2042 | 750 | &nbsp;&nbsp; 725862 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.63% | 09/15/2052 | 1300 | &nbsp;&nbsp; 1241158 |
| Pilot Point (City of), TX (Mobberly Public Area No. 2); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.38% | 09/15/2027 | 277 | &nbsp;&nbsp; 277885 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.63% | 09/15/2032 | 400 | &nbsp;&nbsp; 412768 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 6.00% | 09/15/2052 | 4000 | &nbsp;&nbsp; 3966610 |
| Pilot Point (City of), TX (Mobberly Public Improvement District); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.50% | 09/15/2048 | 2000 | &nbsp;&nbsp; 1924123 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 6.50% | 09/15/2052 | 1448 | &nbsp;&nbsp; 1452631 |
| Plano (City of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 8.25% | 09/15/2043 | 1765 | &nbsp;&nbsp; 1808890 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 7.50% | 09/15/2053 | 1400 | &nbsp;&nbsp; 1439355 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 8.50% | 09/15/2053 | 3050 | &nbsp;&nbsp; 3132357 |
| Port Beaumont Navigation District (Jefferson Gulf Coast Energy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)(c)</sup> <br>| 5.00% | 01/01/2039 | 1000 | &nbsp;&nbsp; 968091 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)(c)</sup> <br>| 5.13% | 01/01/2044 | 2000 | &nbsp;&nbsp; 1894897 |
| Pottsboro Higher Education Finance Corp. (Imagine International Academy of North Texas LLC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.00% | 08/15/2036 | 755 | &nbsp;&nbsp; 735948 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.00% | 08/15/2046 | 1000 | &nbsp;&nbsp; 899910 |
| Princeton (City of), TX; Series 2023, RB<sup>(c)</sup> <br>| 7.88% | 09/01/2053 | 1935 | &nbsp;&nbsp; 1948786 |
| Princeton (City of), TX (Eastridge Public Improvement District); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.13% | 09/01/2042 | 836 | &nbsp;&nbsp; 789456 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.25% | 09/01/2052 | 1375 | &nbsp;&nbsp; 1280531 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities 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)** |
| Princeton (City of), TX (Sicily Public Improvement District Improvement Area No. 1); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 7.00% | 09/01/2043 | $2400 | &nbsp;&nbsp; $2408512 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 7.00% | 09/01/2053 | 3000 | &nbsp;&nbsp; 2980058 |
| &nbsp;&nbsp;&nbsp; Princeton Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent School <br> Fund)<sup>(i)</sup> <br>| 4.25% | 02/15/2053 | 25065 | &nbsp;&nbsp; 22759822 |
| &nbsp;&nbsp;&nbsp; Providence Village (Town of), TX (Foree Ranch Public Improvement District Improvement Area No. <br> 2); Series 2025, RB<sup>(c)</sup> <br>| 5.50% | 09/01/2055 | 1200 | &nbsp;&nbsp; 1128778 |
| Red River Education Finance Corp. (Houston Baptist University); Series 2017, Ref. RB | 5.50% | 10/01/2046 | 23170 | &nbsp;&nbsp; 23221032 |
| Rockdale Special Assessment; Series 2023, RB<sup>(c)</sup> <br>| 7.50% | 09/15/2054 | 3722 | &nbsp;&nbsp; 3768113 |
| &nbsp;&nbsp;&nbsp; Rowlett (City of), TX (Bayside Public Improvement District North Improvement Area); <br> Series 2016, RB<br>| 6.00% | 09/15/2046 | 450 | &nbsp;&nbsp; 438836 |
| Sabine Neches Housing Finance Corp. (Fox Run Apartments); Series 2012, RB<sup>(d)</sup> <br>| 6.15% | 01/01/2029 | 1830 | &nbsp;&nbsp; 1793759 |
| San Antonio (City of), TX; Series 2025, RB<sup>(i)(m)</sup> <br>| 5.50% | 02/01/2050 | 10000 | &nbsp;&nbsp; 10564398 |
| San Antonio (City of), TX Water System; Series 2021 A, Ref. RB | 4.00% | 05/15/2051 | 20000 | &nbsp;&nbsp; 17183430 |
| San Antonio Education Facilities Corp. (University of the Incarnate Word); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.25% | 10/01/2045 | 8750 | &nbsp;&nbsp; 8385815 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 10/01/2050 | 4000 | &nbsp;&nbsp; 3602118 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.50% | 10/01/2055 | 6400 | &nbsp;&nbsp; 6141460 |
| &nbsp;&nbsp;&nbsp; Spring Branch Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent <br> School Fund)<br>| 4.00% | 02/01/2048 | 8000 | &nbsp;&nbsp; 7176179 |
| Tarrant County Cultural Education Facilities Finance Corp. (Buckner Senior Living - Ventana); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 6.75% | 11/15/2047 | 3500 | &nbsp;&nbsp; 3549620 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 6.75% | 11/15/2052 | 2100 | &nbsp;&nbsp; 2125297 |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB (Acquired 06/12/2020; Cost $4,646,513)<sup>(f)(k)</sup> <br>| 6.38% | 02/15/2048 | 5710 | &nbsp;&nbsp; 3711500 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB (Acquired 06/12/2020; Cost $2,441,250)<sup>(f)(k)</sup> <br>| 6.38% | 02/15/2052 | 3000 | &nbsp;&nbsp; 1950000 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB (Acquired 06/12/2020; Cost $1,688,531)<sup>(f)(k)</sup> <br>| 6.38% | 02/15/2041 | 2075 | &nbsp;&nbsp; 1348750 |
| Tarrant County Cultural Education Facilities Finance Corp. (Cook Children's Medical Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(i)</sup> <br>| 5.25% | 12/01/2049 | 11225 | &nbsp;&nbsp; 11653783 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 4.13% | 12/01/2054 | 7650 | &nbsp;&nbsp; 6443974 |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 6.25% | 11/15/2031 | 1500 | &nbsp;&nbsp; 1435950 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 6.63% | 11/15/2041 | 2000 | &nbsp;&nbsp; 1776937 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 6.75% | 11/15/2051 | 7625 | &nbsp;&nbsp; 6379107 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 6.88% | 11/15/2055 | 3555 | &nbsp;&nbsp; 2984411 |
| Texas (State of) Transportation Commission; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(j)</sup> <br>| 0.00% | 08/01/2046 | 2240 | &nbsp;&nbsp; 746504 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(j)</sup> <br>| 0.00% | 08/01/2047 | 3345 | &nbsp;&nbsp; 1061467 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(j)</sup> <br>| 0.00% | 08/01/2048 | 3530 | &nbsp;&nbsp; 1057720 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(j)</sup> <br>| 0.00% | 08/01/2049 | 3320 | &nbsp;&nbsp; 936810 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(j)</sup> <br>| 0.00% | 08/01/2050 | 4760 | &nbsp;&nbsp; 1270047 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(j)</sup> <br>| 0.00% | 08/01/2051 | 5000 | &nbsp;&nbsp; 1254301 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(j)</sup> <br>| 0.00% | 08/01/2053 | 400 | &nbsp;&nbsp; 89919 |
| Texas (State of) Water Development Board; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 10/15/2056 | 15000 | &nbsp;&nbsp; 12482970 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB | 5.00% | 10/15/2058 | 7000 | &nbsp;&nbsp; 7107995 |
| Texas City Independent School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, GO Bonds (CEP - Texas Permanent School Fund) | 4.00% | 08/15/2048 | 2500 | &nbsp;&nbsp; 2241858 |
| &nbsp;&nbsp;&nbsp; Series 2023, GO Bonds (CEP - Texas Permanent School Fund) | 4.00% | 08/15/2053 | 8500 | &nbsp;&nbsp; 7387285 |
| Texas State Technical College; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB (INS - AGI)<sup>(e)(i)</sup> <br>| 5.50% | 08/01/2042 | 12500 | &nbsp;&nbsp; 13412025 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB (INS - AGI)<sup>(e)(i)</sup> <br>| 6.00% | 08/01/2054 | 6000 | &nbsp;&nbsp; 6487481 |
| &nbsp;&nbsp;&nbsp; Travis County Development Authority (Longview 71 Public Improvement District Improvement <br> Area No. 1);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 5.00% | 09/01/2044 | 585 | &nbsp;&nbsp; 551547 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 5.13% | 09/01/2054 | 840 | &nbsp;&nbsp; 762168 |
| &nbsp;&nbsp;&nbsp; Tuloso-Midway Independent School District/TX; Series 2025, GO Bonds (CEP - Texas Permanent <br> School Fund)<sup>(i)</sup> <br>| 5.25% | 08/15/2050 | 16710 | &nbsp;&nbsp; 17414544 |
| Vintage Township Public Facilities Corp.; Series 2008 A, RB | 7.38% | 10/01/2038 | 1794 | &nbsp;&nbsp; 1796004 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities 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)** |
| &nbsp;&nbsp;&nbsp; Waller Consolidated Independent School District; Series 2023 A, GO Bonds (CEP - Texas <br> Permanent School Fund)<br>| 4.00% | 02/15/2053 | $19435 | &nbsp;&nbsp; $16912032 |
| Waxahachie (City of), TX; Series 2015, RB | 6.00% | 08/15/2045 | 5850 | &nbsp;&nbsp; 5764422 |
| Williamson (County of), TX Municipal Utility District No. 28; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, GO Bonds (INS - AGI)<sup>(e)</sup> <br>| 4.25% | 10/01/2047 | 1540 | &nbsp;&nbsp; 1373906 |
| &nbsp;&nbsp;&nbsp; Series 2022, GO Bonds (INS - AGI)<sup>(e)</sup> <br>| 4.38% | 10/01/2048 | 1805 | &nbsp;&nbsp; 1632631 |
| Ysleta Independent School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, GO Bonds (CEP - Texas Permanent School Fund) | 4.00% | 08/15/2050 | 8700 | &nbsp;&nbsp; 7669450 |
| &nbsp;&nbsp;&nbsp; Series 2022, GO Bonds (CEP - Texas Permanent School Fund)<sup>(i)</sup> <br>| 5.00% | 08/15/2056 | 17340 | &nbsp;&nbsp; 17532158 |
|  |  |  |  | &nbsp;&nbsp; 943719660 |
| **Utah–2.27%** | **Utah–2.27%** | **Utah–2.27%** | **Utah–2.27%** | **Utah–2.27%** |
| 10th & Main Public Infrastructure District (10th & Main Assessment Area); Series 2025, RB<sup>(c)</sup> <br>| 5.75% | 12/01/2053 | 9500 | &nbsp;&nbsp; 9033248 |
| Auto Mall & Retail Public Infrastructure District; Series 2023 A, GO Bonds<sup>(c)(g)</sup> <br>| 8.25% | 03/01/2053 | 18700 | &nbsp;&nbsp; 16374750 |
| Black Desert Public Infrastructure District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 B, GO Bonds<sup>(c)</sup> <br>| 7.38% | 09/15/2051 | 5500 | &nbsp;&nbsp; 4737620 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 5.63% | 12/01/2053 | 10000 | &nbsp;&nbsp; 9830912 |
| Black Rock Mountain Resort Public Infrastructure District; Series 2025, RB<sup>(c)</sup> <br>| 5.88% | 12/01/2054 | 6200 | &nbsp;&nbsp; 6210601 |
| Boulder Ridge Public Infrastructure District No. 1; Series 2025, GO Bonds<sup>(c)</sup> <br>| 7.50% | 03/01/2055 | 2200 | &nbsp;&nbsp; 2072741 |
| Downtown East Streetcar Sewer Public Infrastructure District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, GO Bonds<sup>(c)</sup> <br>| 6.00% | 03/01/2053 | 6500 | &nbsp;&nbsp; 6238946 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, GO Bonds<sup>(c)</sup> <br>| 9.00% | 03/15/2053 | 1239 | &nbsp;&nbsp; 1192370 |
| &nbsp;&nbsp;&nbsp; Fiddlers Canyon Infrastructure Financing District (Fiddlers Canyon Assessment Area); <br> Series 2024, RB<sup>(c)</sup> <br>| 5.63% | 12/01/2053 | 3458 | &nbsp;&nbsp; 3173645 |
| Firefly Public Infrastructure District No. 1; Series 2024 A-1, GO Bonds<sup>(c)</sup> <br>| 6.63% | 03/01/2054 | 2370 | &nbsp;&nbsp; 2391558 |
| Firefly Public Infrastructure District No. 1 (Firefly Assessment Area No.1); Series 2024, RB<sup>(c)</sup> <br>| 5.63% | 12/01/2043 | 6924 | &nbsp;&nbsp; 6759216 |
| Gateway at Sand Hollow Public Infrastructure District No. 1; Series 2021 A, GO Bonds<sup>(c)</sup> <br>| 5.50% | 03/01/2051 | 11500 | &nbsp;&nbsp; 8608009 |
| Hideout (Town of), UT Local District No. 1; Series 2014, RB | 8.25% | 08/01/2034 | 610 | &nbsp;&nbsp; 611341 |
| Mida Cormont Public Infrastructure District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A-1, GO Bonds<sup>(c)</sup> <br>| 6.25% | 06/01/2055 | 1450 | &nbsp;&nbsp; 1484982 |
| &nbsp;&nbsp;&nbsp; Series 2025 A-2, GO Bonds<sup>(c)(g)</sup> <br>| 6.75% | 06/01/2055 | 6725 | &nbsp;&nbsp; 5441239 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds<sup>(c)</sup> <br>| 8.50% | 06/15/2055 | 2247 | &nbsp;&nbsp; 2252892 |
| Mida Mountain Village Public Infrastructure District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1, RB<sup>(c)</sup> <br>| 5.13% | 06/15/2054 | 2750 | &nbsp;&nbsp; 2558899 |
| &nbsp;&nbsp;&nbsp; Series 2024-2, RB<sup>(c)</sup> <br>| 5.75% | 06/15/2044 | 1250 | &nbsp;&nbsp; 1245295 |
| &nbsp;&nbsp;&nbsp; Series 2024-2, RB<sup>(c)</sup> <br>| 6.00% | 06/15/2054 | 3500 | &nbsp;&nbsp; 3518295 |
| NS Public Infrastructure No. 2; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A-1, GO Bonds<sup>(c)</sup> <br>| 6.50% | 03/01/2055 | 3210 | &nbsp;&nbsp; 3017362 |
| &nbsp;&nbsp;&nbsp; Series 2024 A-2, GO Bonds<sup>(g)</sup> <br>| 7.00% | 03/01/2055 | 1600 | &nbsp;&nbsp; 967994 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds<sup>(c)</sup> <br>| 9.00% | 03/15/2055 | 638 | &nbsp;&nbsp; 620876 |
| Olympia Public Infrastructure District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A-1, GO Bonds<sup>(c)</sup> <br>| 6.38% | 03/01/2055 | 1485 | &nbsp;&nbsp; 1486988 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds | 8.00% | 03/15/2055 | 952 | &nbsp;&nbsp; 942899 |
| Oquirrh Point Public Infrastructure District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A-1, GO Bonds<sup>(c)</sup> <br>| 6.50% | 03/01/2055 | 4140 | &nbsp;&nbsp; 3901349 |
| &nbsp;&nbsp;&nbsp; Series 2024 A-2, GO Bonds<sup>(c)(g)</sup> <br>| 7.00% | 03/01/2055 | 1960 | &nbsp;&nbsp; 1110211 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds<sup>(c)</sup> <br>| 9.00% | 03/15/2055 | 1070 | &nbsp;&nbsp; 1045493 |
| Pine View Public Infrastructure District No. 1; Series 2021 A, GO Bonds<sup>(c)</sup> <br>| 6.00% | 03/01/2051 | 12952 | &nbsp;&nbsp; 10204649 |
| Red Bridge Public Infrastructure District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(c)</sup> <br>| 4.38% | 02/01/2051 | 1000 | &nbsp;&nbsp; 747965 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, GO Bonds<sup>(c)</sup> <br>| 7.38% | 08/15/2051 | 600 | &nbsp;&nbsp; 487640 |
| Salt Lake City (City of), UT; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2047 | 5000 | &nbsp;&nbsp; 4910341 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2048 | 10385 | &nbsp;&nbsp; 10201603 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(b)</sup> <br>| 5.25% | 07/01/2048 | 11035 | &nbsp;&nbsp; 11062109 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB (INS - AGI)<sup>(b)(e)</sup> <br>| 4.00% | 07/01/2051 | 10420 | &nbsp;&nbsp; 8768797 |
| Soleil Hills Public Infrastructure District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds<sup>(c)</sup> <br>| 5.88% | 03/01/2055 | 1650 | &nbsp;&nbsp; 1570872 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds<sup>(c)</sup> <br>| 8.00% | 03/15/2055 | 1100 | &nbsp;&nbsp; 1069101 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Utah–(continued)** | **Utah–(continued)** | **Utah–(continued)** | **Utah–(continued)** | **Utah–(continued)** |
| Utah (State of) Charter School Finance Authority (Ascent Academies of Utah); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 4.50% | 06/15/2032 | $2000 | &nbsp;&nbsp; $1898317 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.00% | 06/15/2042 | 3500 | &nbsp;&nbsp; 3100230 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.00% | 06/15/2052 | 6000 | &nbsp;&nbsp; 4986992 |
| Utah (State of) Charter School Finance Authority (Endeavour Hall); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012, RB | 6.00% | 07/15/2032 | 1475 | &nbsp;&nbsp; 1475218 |
| &nbsp;&nbsp;&nbsp; Series 2012, RB | 6.25% | 07/15/2042 | 3870 | &nbsp;&nbsp; 3820578 |
| Utah (State of) Charter School Finance Authority (Esperanza Elementary School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 5.00% | 10/15/2038 | 2330 | &nbsp;&nbsp; 2191616 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 5.25% | 10/15/2048 | 2205 | &nbsp;&nbsp; 2008695 |
| &nbsp;&nbsp;&nbsp; Utah (State of) Charter School Finance Authority (Leadership Learning Academy); Series 2019 A, <br> RB<sup>(c)</sup> <br>| 5.00% | 06/15/2050 | 2000 | &nbsp;&nbsp; 1751500 |
| &nbsp;&nbsp;&nbsp; Utah (State of) Charter School Finance Authority (Merit Preparatory Academy); Series 2019 A, <br> RB<sup>(c)</sup> <br>| 5.38% | 06/15/2049 | 3645 | &nbsp;&nbsp; 3294232 |
| Utah (State of) Charter School Finance Authority (Reagan Academy); Series 2016 A, Ref. RB<sup>(c)</sup> <br>| 5.00% | 02/15/2046 | 855 | &nbsp;&nbsp; 763245 |
| Utah (State of) Charter School Finance Authority (The Freedom Academy Foundation); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(c)</sup> <br>| 5.25% | 06/15/2037 | 4810 | &nbsp;&nbsp; 4563958 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(c)</sup> <br>| 5.38% | 06/15/2048 | 11415 | &nbsp;&nbsp; 10087027 |
| Utah Housing Corp.; Series 2024 A, RB (CEP - GNMA) | 5.00% | 01/01/2054 | 3185 | &nbsp;&nbsp; 3138508 |
| Viridian Farm Public Infrastructure District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, GO Bonds<sup>(c)</sup> <br>| 5.88% | 03/01/2054 | 1130 | &nbsp;&nbsp; 1088317 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds<sup>(c)</sup> <br>| 8.38% | 03/15/2054 | 500 | &nbsp;&nbsp; 481819 |
| Wohali Public Infrastructure District No. 1 (Wohali Assessment Area #1); Series 2023, RB<sup>(c)</sup> <br>| 7.00% | 12/01/2042 | 8630 | &nbsp;&nbsp; 8382051 |
| Wood Ranch Public Infrastructure District; Series 2024, RB<sup>(c)</sup> <br>| 5.63% | 12/01/2053 | 1291 | &nbsp;&nbsp; 1253332 |
|  |  |  |  | &nbsp;&nbsp; 210138443 |
| **Vermont–0.06%** | **Vermont–0.06%** | **Vermont–0.06%** | **Vermont–0.06%** | **Vermont–0.06%** |
| East Central Vermont Telecommunications District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 5.75% | 12/01/2036 | 1450 | &nbsp;&nbsp; 1450065 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 5.60% | 12/01/2043 | 960 | &nbsp;&nbsp; 881598 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(c)</sup> <br>| 5.00% | 12/01/2048 | 4330 | &nbsp;&nbsp; 3498330 |
|  |  |  |  | &nbsp;&nbsp; 5829993 |
| **Virgin Islands–0.18%** | **Virgin Islands–0.18%** | **Virgin Islands–0.18%** | **Virgin Islands–0.18%** | **Virgin Islands–0.18%** |
| Tobacco Settlement Financing Corp.; Series 2006 A, RB<sup>(j)</sup> <br>| 0.00% | 05/15/2035 | 19560 | &nbsp;&nbsp; 10602339 |
| &nbsp;&nbsp;&nbsp; Virgin Islands (Government of) Public Finance Authority (Frenchman's Reef Hotel Development); <br> Series 2024 A, RB<sup>(c)</sup> <br>| 6.00% | 04/01/2053 | 6450 | &nbsp;&nbsp; 6407527 |
|  |  |  |  | &nbsp;&nbsp; 17009866 |
| **Virginia–0.70%** | **Virginia–0.70%** | **Virginia–0.70%** | **Virginia–0.70%** | **Virginia–0.70%** |
| Atlantic Park Community Development Authority; Series 2023, RB<sup>(c)</sup> <br>| 6.25% | 08/01/2045 | 16865 | &nbsp;&nbsp; 15398872 |
| Celebrate North Community Development Authority (Celebrate VA North); Series 2003 B, RB<sup>(h)(k)</sup> <br>| 6.75% | 03/01/2034 | 1287 | &nbsp;&nbsp; 810810 |
| &nbsp;&nbsp;&nbsp; Hanover (County of), VA Economic Development Authority (Covenant Woods); Series 2018, Ref. <br> RB<br>| 5.00% | 07/01/2051 | 5190 | &nbsp;&nbsp; 4624238 |
| Lewistown (City of), VA Commerce Center Community Development Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 6.05% | 03/01/2044 | 890 | &nbsp;&nbsp; 604580 |
| &nbsp;&nbsp;&nbsp; Series 2014 B, RB | 6.05% | 03/01/2044 | 2476 | &nbsp;&nbsp; 2061187 |
| &nbsp;&nbsp;&nbsp; Series 2014 C, RB<sup>(k)</sup> <br>| 6.05% | 03/01/2054 | 2183 | &nbsp;&nbsp; 982356 |
| &nbsp;&nbsp;&nbsp; Norfolk (City of), VA Redevelopment & Housing Authority (Fort Norfolk Retirement Community, <br> Inc. - Harbor's Edge);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB | 5.25% | 01/01/2054 | 17350 | &nbsp;&nbsp; 14832338 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 4.00% | 01/01/2029 | 895 | &nbsp;&nbsp; 872479 |
| Peninsula Town Center Community Development Authority; Series 2018, Ref. RB<sup>(c)</sup> <br>| 5.00% | 09/01/2045 | 1000 | &nbsp;&nbsp; 929089 |
| Richmond (City of), VA Redevelopment & Housing Authority; Series 2017, RB<sup>(c)</sup> <br>| 5.55% | 01/01/2037 | 2055 | &nbsp;&nbsp; 1945970 |
| &nbsp;&nbsp;&nbsp; Virginia (Commonwealth of) Small Business Financing Authority (Covanta); Series 2018, <br> RB<sup>(b)(c)(d)</sup> <br>| 5.00% | 07/01/2038 | 4690 | &nbsp;&nbsp; 4510789 |
| Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 7.00% | 09/01/2053 | 7000 | &nbsp;&nbsp; 7659338 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 7.00% | 09/01/2059 | 8500 | &nbsp;&nbsp; 9251540 |
|  |  |  |  | &nbsp;&nbsp; 64483586 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Washington–0.87%** | **Washington–0.87%** | **Washington–0.87%** | **Washington–0.87%** | **Washington–0.87%** |
| Kalispel Tribe of Indians; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 5.25% | 01/01/2038 | $3000 | &nbsp;&nbsp; $3039859 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB<sup>(c)</sup> <br>| 5.00% | 01/01/2032 | 500 | &nbsp;&nbsp; 508861 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB<sup>(c)</sup> <br>| 5.25% | 01/01/2038 | 1000 | &nbsp;&nbsp; 1013286 |
| Kelso (City of), WA Housing Authority (Chinook & Columbia Apartments); Series 1998, RB | 5.60% | 03/01/2028 | 70 | &nbsp;&nbsp; 70001 |
| Kitsap (County of), WA Consolidated Housing Authority; Series 2001 A, RB<sup>(b)</sup> <br>| 6.10% | 10/01/2031 | 35 | &nbsp;&nbsp; 34272 |
| Seattle (Port of), WA; Series 2019, RB<sup>(b)</sup> <br>| 5.00% | 04/01/2044 | 15295 | &nbsp;&nbsp; 15129747 |
| Tacoma (City of), WA Consolidated Local Improvement Districts; Series 2013, RB | 5.75% | 04/01/2043 | 1614 | &nbsp;&nbsp; 1577281 |
| &nbsp;&nbsp;&nbsp; Washington (State of) Economic Development Finance Authority (Columbia Pulp I, LLC); <br> Series 2017 A, RB (Acquired 07/25/2017-06/21/2019; Cost $26,279,409)<sup>(b)(c)(f)(k)</sup> <br>| 7.50% | 01/01/2032 | 26355 | &nbsp;&nbsp; 2636 |
| &nbsp;&nbsp;&nbsp; Washington (State of) Economic Development Finance Authority (Green Bonds); Series 2020 A, <br> RB<sup>(b)(c)</sup> <br>| 5.63% | 12/01/2040 | 8000 | &nbsp;&nbsp; 8005872 |
| &nbsp;&nbsp;&nbsp; Washington (State of) Economic Development Finance Authority (North Pacific Paper); <br> Series 2020 B, Ref. RB<sup>(c)</sup> <br>| 9.00% | 12/01/2036 | 14650 | &nbsp;&nbsp; 15013957 |
| Washington (State of) Housing Finance Commission (Heron's Key Senior Living); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB<sup>(c)(d)(l)</sup> <br>| 7.00% | 07/01/2025 | 1000 | &nbsp;&nbsp; 1002530 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB<sup>(c)(d)(l)</sup> <br>| 7.00% | 07/01/2025 | 1700 | &nbsp;&nbsp; 1704300 |
| &nbsp;&nbsp;&nbsp; Washington (State of) Housing Finance Commission (Presbyterian Retirement Co.); Series 2016 <br> A, Ref. RB<sup>(c)</sup> <br>| 5.00% | 01/01/2046 | 7500 | &nbsp;&nbsp; 6695482 |
| Washington (State of) Housing Finance Commission (Social Certificates); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Revenue Ctfs. | 3.50% | 12/20/2035 | 317 | &nbsp;&nbsp; 294201 |
| &nbsp;&nbsp;&nbsp; Series 2024-2, RB | 4.09% | 03/20/2040 | 17774 | &nbsp;&nbsp; 16384849 |
| Washington (State of) Housing Finance Commission (Transforming Age); Series 2019 A, RB<sup>(c)</sup> <br>| 5.00% | 01/01/2055 | 3265 | &nbsp;&nbsp; 2795872 |
| Washington State Housing Finance Commission; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - BAM)<sup>(c)(e)</sup> <br>| 5.25% | 07/01/2055 | 2200 | &nbsp;&nbsp; 2172556 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - BAM)<sup>(c)(e)</sup> <br>| 5.25% | 07/01/2064 | 5500 | &nbsp;&nbsp; 5336932 |
|  |  |  |  | &nbsp;&nbsp; 80782494 |
| **West Virginia–1.12%** | **West Virginia–1.12%** | **West Virginia–1.12%** | **West Virginia–1.12%** | **West Virginia–1.12%** |
| Harrison (County of), WV Commission (Charles Pointe No. 2); Series 2013, Ref. RB<sup>(c)(k)</sup> <br>| 7.00% | 06/01/2035 | 27145 | &nbsp;&nbsp; 13572500 |
| &nbsp;&nbsp;&nbsp; Harrison (County of), WV County Commission (Charles Pointe Economic Opportunity Development <br> District);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(c)(h)(k)</sup> <br>| 5.75% | 06/01/2042 | 18975 | &nbsp;&nbsp; 13115994 |
| &nbsp;&nbsp;&nbsp; Series 2019 B, Ref. RB<sup>(c)(h)(k)</sup> <br>| 7.50% | 06/01/2042 | 5285 | &nbsp;&nbsp; 3680527 |
| Monogalia (County of), WV (Development Disctict No. 4 - University Town Centre); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, Ref. RB<sup>(c)</sup> <br>| 5.75% | 06/01/2043 | 700 | &nbsp;&nbsp; 719228 |
| &nbsp;&nbsp;&nbsp; Series 2023, Ref. RB<sup>(c)</sup> <br>| 6.00% | 06/01/2053 | 875 | &nbsp;&nbsp; 900129 |
| Monongalia (County of), WV Commission Special District; Series 2023 B, Ref. RB<sup>(c)</sup> <br>| 8.45% | 06/01/2053 | 14920 | &nbsp;&nbsp; 3071598 |
| &nbsp;&nbsp;&nbsp; Monongalia (County of), WV Commission Special District (University Town Centre Economic <br> Opportunity Development District);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB<sup>(c)</sup> <br>| 5.75% | 06/01/2043 | 3435 | &nbsp;&nbsp; 3454006 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(c)</sup> <br>| 7.50% | 06/01/2043 | 8900 | &nbsp;&nbsp; 9360947 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 7.00% | 06/01/2043 | 950 | &nbsp;&nbsp; 974574 |
| Ohio (County of), WV Development Authority (Sports Complex); Series 2018, RB | 5.00% | 09/01/2048 | 10465 | &nbsp;&nbsp; 7689883 |
| &nbsp;&nbsp;&nbsp; West Virginia (State of) Economic Development Authority (Core Natural Resources, Inc.); <br> Series 2025, RB<sup>(b)(c)(d)</sup> <br>| 5.45% | 03/27/2035 | 3500 | &nbsp;&nbsp; 3481649 |
| West Virginia (State of) Economic Development Authority (Empire Green Gerenation LLC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(b)(c)</sup> <br>| 9.50% | 05/01/2043 | 20000 | &nbsp;&nbsp; 18000000 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(b)(c)</sup> <br>| 9.50% | 05/01/2043 | 2000 | &nbsp;&nbsp; 1800000 |
| &nbsp;&nbsp;&nbsp; West Virginia (State of) Economic Development Authority (Empire South Terminal of West); <br> Series 2023, RB<sup>(c)</sup> <br>| 8.50% | 12/01/2043 | 16000 | &nbsp;&nbsp; 14304889 |
| West Virginia (State of) Hospital Finance Authority (Vandalia Health Group); Series 2023 B, RB | 6.00% | 09/01/2053 | 8350 | &nbsp;&nbsp; 8884500 |
|  |  |  |  | &nbsp;&nbsp; 103010424 |
| **Wisconsin–3.89%** | **Wisconsin–3.89%** | **Wisconsin–3.89%** | **Wisconsin–3.89%** | **Wisconsin–3.89%** |
| Gillett (City of), WI; Series 2021 A, RB<sup>(b)(c)</sup> <br>| 5.50% | 12/01/2032 | 11100 | &nbsp;&nbsp; 8693990 |
| Public Finance Authority (KSU Bixby Real Estate Foundation LLC); Series 2025, RB | 5.25% | 06/15/2055 | 1000 | &nbsp;&nbsp; 994975 |
| Wisconsin (State of) Center District; Series 2020, RB (INS - AGI)<sup>(e)(j)</sup> <br>| 0.00% | 12/15/2060 | 22975 | &nbsp;&nbsp; 3664067 |
| Wisconsin (State of) Health & Educational Facilities Authority; Series 2025, RB | 6.63% | 07/01/2060 | 1500 | &nbsp;&nbsp; 1524579 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Wisconsin–(continued)** | **Wisconsin–(continued)** | **Wisconsin–(continued)** | **Wisconsin–(continued)** | **Wisconsin–(continued)** |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the <br> Midwest Obligated Group);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 08/01/2032 | $1375 | &nbsp;&nbsp; $1045411 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 08/01/2037 | 1500 | &nbsp;&nbsp; 1005072 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 08/01/2039 | 3750 | &nbsp;&nbsp; 2413859 |
| Wisconsin (State of) Health & Educational Facilities Authority (Aspirus, Inc. Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 08/15/2051 | 2500 | &nbsp;&nbsp; 2076797 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 4.38% | 08/15/2055 | 17550 | &nbsp;&nbsp; 15133642 |
| Wisconsin (State of) Health & Educational Facilities Authority (Camillus Health System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 11/01/2039 | 3550 | &nbsp;&nbsp; 3407433 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 11/01/2046 | 9200 | &nbsp;&nbsp; 8153961 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 11/01/2054 | 7000 | &nbsp;&nbsp; 5947124 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (Dickson Hollow Phase II); <br> Series 2024, RB<br>| 6.13% | 10/01/2059 | 2750 | &nbsp;&nbsp; 2696256 |
| Wisconsin (State of) Public Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB (Acquired 09/08/2005-10/06/2005; Cost $22,504)<sup>(c)(f)(j)</sup> <br>| 0.00% | 01/01/2047 | 156 | &nbsp;&nbsp; 4457 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB (Acquired 09/08/2005-10/06/2005; Cost $19,170)<sup>(c)(f)(j)</sup> <br>| 0.00% | 01/01/2048 | 136 | &nbsp;&nbsp; 3661 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB (Acquired 09/08/2005-10/06/2005; Cost $18,374)<sup>(c)(f)(j)</sup> <br>| 0.00% | 01/01/2049 | 134 | &nbsp;&nbsp; 3373 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB (Acquired 09/08/2005-10/06/2005; Cost $17,313)<sup>(c)(f)(j)</sup> <br>| 0.00% | 01/01/2050 | 129 | &nbsp;&nbsp; 3013 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB (Acquired 09/08/2005-10/06/2005; Cost $16,572)<sup>(c)(f)(j)</sup> <br>| 0.00% | 01/01/2051 | 127 | &nbsp;&nbsp; 2789 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB<sup>(c)(j)</sup> <br>| 0.00% | 01/01/2052 | 165 | &nbsp;&nbsp; 3352 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB (Acquired 09/08/2005-10/06/2005; Cost $20,134)<sup>(c)(f)(j)</sup> <br>| 0.00% | 01/01/2053 | 163 | &nbsp;&nbsp; 3117 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB (Acquired 09/08/2005-10/06/2005; Cost $18,943)<sup>(c)(f)(j)</sup> <br>| 0.00% | 01/01/2054 | 158 | &nbsp;&nbsp; 2819 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB<sup>(c)(j)</sup> <br>| 0.00% | 01/01/2055 | 154 | &nbsp;&nbsp; 2598 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB<sup>(c)(j)</sup> <br>| 0.00% | 01/01/2056 | 151 | &nbsp;&nbsp; 2406 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB<sup>(c)(k)</sup> <br>| 5.50% | 07/01/2056 | 8230 | &nbsp;&nbsp; 5909656 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB<sup>(c)(j)</sup> <br>| 0.00% | 01/01/2057 | 168 | &nbsp;&nbsp; 2500 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB<sup>(c)(j)</sup> <br>| 0.00% | 01/01/2058 | 163 | &nbsp;&nbsp; 2293 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB<sup>(c)(j)</sup> <br>| 0.00% | 01/01/2059 | 159 | &nbsp;&nbsp; 2112 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB<sup>(c)(j)</sup> <br>| 0.00% | 01/01/2060 | 156 | &nbsp;&nbsp; 1934 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB<sup>(c)(j)</sup> <br>| 0.00% | 01/01/2061 | 153 | &nbsp;&nbsp; 1790 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB<sup>(c)(j)</sup> <br>| 0.00% | 01/01/2062 | 149 | &nbsp;&nbsp; 1638 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB<sup>(c)(j)</sup> <br>| 0.00% | 01/01/2063 | 146 | &nbsp;&nbsp; 1515 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB<sup>(c)(j)</sup> <br>| 0.00% | 01/01/2064 | 143 | &nbsp;&nbsp; 1405 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB<sup>(c)(j)</sup> <br>| 0.00% | 01/01/2065 | 140 | &nbsp;&nbsp; 1295 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB<sup>(c)(j)</sup> <br>| 0.00% | 01/01/2066 | 151 | &nbsp;&nbsp; 1288 |
| &nbsp;&nbsp;&nbsp; Series 2005 A-1, RB (Acquired 09/08/2005-10/06/2005; Cost $155,714)<sup>(c)(f)(j)</sup> <br>| 0.00% | 01/01/2067 | 1821 | &nbsp;&nbsp; 14010 |
| &nbsp;&nbsp;&nbsp; Series 2012, RB | 6.00% | 09/01/2045 | 5620 | &nbsp;&nbsp; 5240486 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB (INS - AGI)<sup>(e)</sup> <br>| 5.00% | 07/01/2058 | 7900 | &nbsp;&nbsp; 7527696 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(c)</sup> <br>| 5.00% | 06/15/2054 | 455 | &nbsp;&nbsp; 402271 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 6.15% | 08/01/2028 | 7500 | &nbsp;&nbsp; 4793602 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB<sup>(c)(j)</sup> <br>| 0.00% | 07/01/2062 | 32000 | &nbsp;&nbsp; 23280000 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 5.75% | 07/01/2033 | 485 | &nbsp;&nbsp; 497940 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 6.63% | 07/01/2043 | 650 | &nbsp;&nbsp; 659883 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 6.88% | 07/01/2053 | 1350 | &nbsp;&nbsp; 1368523 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 7.00% | 07/01/2058 | 1750 | &nbsp;&nbsp; 1773402 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.75% | 07/01/2062 | 38069 | &nbsp;&nbsp; 38160830 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 12.00% | 05/16/2029 | 5750 | &nbsp;&nbsp; 6188140 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(c)(j)</sup> <br>| 0.00% | 12/15/2032 | 6750 | &nbsp;&nbsp; 4206407 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(c)(j)</sup> <br>| 0.00% | 12/15/2041 | 27028 | &nbsp;&nbsp; 9487793 |
| Wisconsin (State of) Public Finance Authority (21st Century Public Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(c)</sup> <br>| 5.00% | 06/01/2040 | 760 | &nbsp;&nbsp; 671330 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(c)</sup> <br>| 5.00% | 06/01/2049 | 1340 | &nbsp;&nbsp; 1099452 |
| Wisconsin (State of) Public Finance Authority (Adelaide Pointe); Series 2023, RB<sup>(c)</sup> <br>| 6.25% | 06/01/2052 | 13685 | &nbsp;&nbsp; 13173338 |
| Wisconsin (State of) Public Finance Authority (Alpha Ranch); Series 2024, RB<sup>(c)(j)</sup> <br>| 0.00% | 12/15/2038 | 25000 | &nbsp;&nbsp; 11102127 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands); Series 2017, <br> RB<sup>(c)</sup> <br>| 6.75% | 08/01/2031 | 22000 | &nbsp;&nbsp; 19745000 |
| Wisconsin (State of) Public Finance Authority (Anthem/Freedom); Series 2025, RB<sup>(c)(j)</sup> <br>| 0.00% | 12/15/2037 | 6250 | &nbsp;&nbsp; 3073957 |
| Wisconsin (State of) Public Finance Authority (Astro Texas Land); Series 2024, RB<sup>(d)(l)</sup> <br>| 5.50% | 06/01/2025 | 6648 | &nbsp;&nbsp; 6648000 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities 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)** |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Aurora Integrated Oncology Foundation); <br> Series 2023, RB<sup>(c)</sup> <br>| 10.00% | 11/01/2038 |  | $13500 | &nbsp;&nbsp; $15293136 |
| Wisconsin (State of) Public Finance Authority (Bancroft Neurohealth); Series 2016 A, RB<sup>(c)</sup> <br>| 5.13% | 06/01/2048 |  | 2075 | &nbsp;&nbsp; 1910401 |
| Wisconsin (State of) Public Finance Authority (CABS); Series 2024, RB<sup>(j)</sup> <br>| 0.00% | 02/01/2031 |  | 19324 | &nbsp;&nbsp; 12840564 |
| Wisconsin (State of) Public Finance Authority (Candela); Series 2023, RB<sup>(c)</sup> <br>| 6.13% | 12/15/2029 |  | 5876 | &nbsp;&nbsp; 5899904 |
| Wisconsin (State of) Public Finance Authority (Capitol Encore Academy (The)); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(c)</sup> <br>| 4.75% | 06/01/2029 |  | 190 | &nbsp;&nbsp; 185861 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(c)</sup> <br>| 5.25% | 06/01/2039 |  | 750 | &nbsp;&nbsp; 685119 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(c)</sup> <br>| 5.50% | 06/01/2049 |  | 1940 | &nbsp;&nbsp; 1724030 |
| Wisconsin (State of) Public Finance Authority (Cincinnati Classical Academy); Series 2024, RB<sup>(c)</sup> <br>| 6.00% | 06/15/2064 |  | 1100 | &nbsp;&nbsp; 1032117 |
| Wisconsin (State of) Public Finance Authority (Dreamhouse); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB (Acquired 07/11/2022; Cost $16,975,000)<sup>(c)(f)</sup> <br>| 5.75% | 06/01/2025 |  | 16975 | &nbsp;&nbsp; 16805250 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, RB (Acquired 07/11/2022; Cost $1,970,000)<sup>(c)(f)</sup> <br>| 7.50% | 06/01/2025 |  | 1970 | &nbsp;&nbsp; 1950300 |
| Wisconsin (State of) Public Finance Authority (Envision Science Academy); Series 2016 A, RB<sup>(c)</sup> <br>| 5.25% | 05/01/2046 |  | 2500 | &nbsp;&nbsp; 2238285 |
| Wisconsin (State of) Public Finance Authority (Explore Knowledge Foundation); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012 A, RB | 5.75% | 07/15/2032 |  | 785 | &nbsp;&nbsp; 785458 |
| &nbsp;&nbsp;&nbsp; Series 2012 A, RB | 6.00% | 07/15/2042 |  | 1345 | &nbsp;&nbsp; 1345440 |
| Wisconsin (State of) Public Finance Authority (Founders Academy of Las Vegas); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 6.63% | 07/01/2053 |  | 600 | &nbsp;&nbsp; 606929 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 6.75% | 07/01/2058 |  | 550 | &nbsp;&nbsp; 558334 |
| Wisconsin (State of) Public Finance Authority (Indigo); Series 2023, RB<sup>(c)(j)</sup> <br>| 0.00% | 12/01/2028 |  | 17675 | &nbsp;&nbsp; 13367237 |
| Wisconsin (State of) Public Finance Authority (KSU Bixby Real Estate Foundation, LLC); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.25% | 06/15/2050 |  | 1000 | &nbsp;&nbsp; 1003082 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.50% | 06/15/2055 |  | 815 | &nbsp;&nbsp; 813385 |
| Wisconsin (State of) Public Finance Authority (Lariat); Series 2023, RB<sup>(c)(j)</sup> <br>| 0.00% | 09/01/2029 |  | 5562 | &nbsp;&nbsp; 4092578 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Mater Academy of Nevada - East Las Vegas <br> Campus); Series 2024, RB<sup>(c)</sup> <br>| 5.00% | 12/15/2054 |  | 4745 | &nbsp;&nbsp; 4261610 |
| Wisconsin (State of) Public Finance Authority (Million Air Three LLC General Aviation Facilities); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(b)(c)</sup> <br>| 5.75% | 09/01/2035 |  | 1000 | &nbsp;&nbsp; 1030839 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(b)(c)</sup> <br>| 6.25% | 09/01/2046 |  | 4000 | &nbsp;&nbsp; 4050888 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(c)</sup> <br>| 9.75% | 09/01/2054 |  | 10000 | &nbsp;&nbsp; 10554507 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (North Carolina Leadership Academy); Series 2019, <br> RB<sup>(c)</sup> <br>| 5.00% | 06/15/2049 |  | 520 | &nbsp;&nbsp; 471010 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Oakwood Estates and Stonebrooke); Series 2024, <br> RB<sup>(c)(j)</sup> <br>| 0.00% | 12/15/2030 |  | 6500 | &nbsp;&nbsp; 4715312 |
| Wisconsin (State of) Public Finance Authority (Rider University); Series 2021 B, RB<sup>(c)</sup> <br>| 6.00% | 07/01/2031 |  | 7040 | &nbsp;&nbsp; 6363987 |
| Wisconsin (State of) Public Finance Authority (Signorelli); Series 2024, RB<sup>(c)</sup> <br>| 5.38% | 12/15/2032 |  | 4326 | &nbsp;&nbsp; 4325603 |
| Wisconsin (State of) Public Finance Authority (Traders Point Christian Schools); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(c)</sup> <br>| 5.38% | 06/01/2044 |  | 3495 | &nbsp;&nbsp; 2865058 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(c)</sup> <br>| 5.50% | 06/01/2054 |  | 4320 | &nbsp;&nbsp; 3417171 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(c)</sup> <br>| 5.62% | 06/01/2029 |  | 475 | &nbsp;&nbsp; 461816 |
| Wisconsin (State of) Public Finance Authority (Two Step); Series 2024, RB<sup>(c)(j)</sup> <br>| 0.00% | 12/15/2034 |  | 5250 | &nbsp;&nbsp; 2959096 |
| Wisconsin (State of) Public Finance Authority (Uwharrie Charter Academy); Series 2022, RB<sup>(c)</sup> <br>| 5.00% | 06/15/2062 |  | 4590 | &nbsp;&nbsp; 3981168 |
| Wisconsin (State of) Public Finance Authority (WhiteStone); Series 2020 A, RB<sup>(c)</sup> <br>| 5.25% | 03/01/2045 |  | 5825 | &nbsp;&nbsp; 5241276 |
|  |  |  |  |  | &nbsp;&nbsp; 359667115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $10,760,867,853) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $10,760,867,853) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $10,760,867,853) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $10,760,867,853) |  | &nbsp;&nbsp; 10154858642 |
| **U.S. Dollar Denominated Bonds & Notes–0.04%** | **U.S. Dollar Denominated Bonds & Notes–0.04%** | **U.S. Dollar Denominated Bonds & Notes–0.04%** | **U.S. Dollar Denominated Bonds & Notes–0.04%** | **U.S. Dollar Denominated Bonds & Notes–0.04%** | **U.S. Dollar Denominated Bonds & Notes–0.04%** |
| **California–0.01%** | **California–0.01%** | **California–0.01%** | **California–0.01%** | **California–0.01%** | **California–0.01%** |
| CalPlant I LLC; Exit Facility<sup>(c)(h)</sup> <br>| 15.00% | 07/01/2025 |  | 3070 | &nbsp;&nbsp; 602383 |
| **Puerto Rico–0.00%** | **Puerto Rico–0.00%** | **Puerto Rico–0.00%** | **Puerto Rico–0.00%** | **Puerto Rico–0.00%** | **Puerto Rico–0.00%** |
| AES Puerto Rico, Inc.<sup>(h)</sup> <br>| 12.50% | 03/04/2026 |  | 114 | &nbsp;&nbsp; 110119 |
| **Texas–0.03%** | **Texas–0.03%** | **Texas–0.03%** | **Texas–0.03%** | **Texas–0.03%** | **Texas–0.03%** |
| Gladieux Metals Recycling LLC | 15.00% | 05/08/2026 |  | 2855 | &nbsp;&nbsp; 2740800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $5,930,575) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $5,930,575) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $5,930,575) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $5,930,575) |  | &nbsp;&nbsp; 3453302 |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Shares** | **Shares** | **Value** |
| **Exchange-Traded Funds–0.01%** | **Exchange-Traded Funds–0.01%** | **Exchange-Traded Funds–0.01%** | **Exchange-Traded Funds–0.01%** |
| &nbsp;&nbsp;&nbsp; Invesco Rochester High Yield Municipal ETF <br>(Cost $872,610)<sup>(q)</sup> <br>|  | 17000 | &nbsp;&nbsp; $851618 |
| **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>(h)</sup> <br>|  | 76613 | &nbsp;&nbsp; 0 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(r)</sup>–109.96% (Cost $10,767,671,038) | TOTAL INVESTMENTS IN SECURITIES<sup>(r)</sup>–109.96% (Cost $10,767,671,038) |  | &nbsp;&nbsp; 10159163562 |
| FLOATING RATE NOTE OBLIGATIONS–(12.41)% | FLOATING RATE NOTE OBLIGATIONS–(12.41)% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notes with interest and fee rates ranging from 2.32% to 2.89% at 05/31/2025 and <br>contractual maturities of collateral ranging from 05/01/2029 to 05/15/2064<sup>(s)</sup> <br>|  |  | &nbsp;&nbsp; (1146300000)<br>|
| OTHER ASSETS LESS LIABILITIES–2.45% | OTHER ASSETS LESS LIABILITIES–2.45% |  | &nbsp;&nbsp; 225812659 |
| NET ASSETS–100.00% | NET ASSETS–100.00% |  | &nbsp;&nbsp; $9238676221 |

---

Investment Abbreviations:

---

| | |
|:---|:---|
| AGI | – Assured Guaranty, Inc. |
| BAM | – Build America Mutual Assurance Co. |
| CEP | – Credit Enhancement Provider |
| CHF | – Swiss Franc |
| Ctfs. | – Certificates |
| ETF | – Exchange-Traded Fund |
| FNMA | – Federal National Mortgage Association |
| 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. |
| PCR | – Pollution Control Revenue Bonds |
| Pfd. | – Preferred |
| RB | – Revenue Bonds |
| Ref. | – Refunding |
| RN | – Revenue Notes |
| VRD | – Variable Rate Demand |
| Wts. | – Warrants |

---

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

Notes to Schedule of Investments:

<sup>(a)</sup> Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Trust's use of leverage.

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

<sup>(c)</sup> Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at May 31, 2025 was $2,003,297,308, which represented 21.68% of the Fund's Net Assets. 

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

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

<sup>(f)</sup> Restricted security. The aggregate value of these securities at May 31, 2025 was $160,031,702, which represented 1.73% of the Fund's Net Assets.

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

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

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

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

<sup>(k)</sup> Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at May 31, 2025 was $183,638,861, which represented 1.99% of the Fund's Net Assets. 

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

<sup>(m)</sup> Security is subject to a reimbursement agreement which may require the Fund to pay amounts to a counterparty in the event of a significant decline in the market value of the security underlying the TOB Trusts. In case of a shortfall, the maximum potential amount of payments the Fund could ultimately be required to make under the agreement is $214,975,310. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the TOB Trusts. 

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

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

<sup>(p)</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>(q)</sup> Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the three months ended May 31, 2025. 

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**February 28, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**May 31, 2025**<br>| **Dividend Income** |
| Invesco Rochester High Yield Municipal ETF\* | $877166 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $(25548) | &nbsp;&nbsp; $- | &nbsp;&nbsp; $851618 | &nbsp;&nbsp; $9702 |

---

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

\* Effective February 24, 2025, the underlying fund's name changed.

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

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

<sup>(s)</sup> Floating rate note obligations related to securities held. The interest and fee rates shown reflect the rates in effect at May 31, 2025. At May 31, 2025, the Fund's investments with a value of $1,552,800,363 are held by TOB Trusts and serve as collateral for the $1,146,300,000 in the floating rate note obligations outstanding at that date. 

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

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

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

**Notes to Quarterly Schedule of Portfolio Holdings**

*May 31, 2025*

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

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

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

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

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

The following is a summary of the tiered valuation input levels, as of May 31, 2025. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <br>**Investments in Securities** |  |  |  |  |
| Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $10103846907 | &nbsp;&nbsp;&nbsp;&nbsp; $51011735 | &nbsp;&nbsp;&nbsp;&nbsp; $10154858642 |
| U.S. Dollar Denominated Bonds & Notes | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2740800 | &nbsp;&nbsp;&nbsp;&nbsp; 712502 | &nbsp;&nbsp;&nbsp;&nbsp; 3453302 |
| Exchange-Traded Funds | &nbsp;&nbsp;&nbsp;&nbsp; 851618 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 851618 |
| 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; 851618 | &nbsp;&nbsp;&nbsp;&nbsp; 10106587707 | &nbsp;&nbsp;&nbsp;&nbsp; 51724237 | &nbsp;&nbsp;&nbsp;&nbsp; 10159163562 |
| **Other Investments - Assets** |  |  |  |  |
| Investments Matured | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7362180 | &nbsp;&nbsp;&nbsp;&nbsp; 10519946 | &nbsp;&nbsp;&nbsp;&nbsp; 17882126 |
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $851618 | &nbsp;&nbsp;&nbsp;&nbsp; $10113949887 | &nbsp;&nbsp;&nbsp;&nbsp; $62244183 | &nbsp;&nbsp;&nbsp;&nbsp; $10177045688 |

---

**Invesco Rochester**<sup>®</sup> **Municipal Opportunities Fund**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds)

- **b. Investment Company Act file number:** 811-07890

- **c. CIK number of Registrant:** 0000909466

- **d. LEI of Registrant:** SW0MHD1146AQ1M76HG37

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

  - **Street Address 1:** 11 Greenway Plaza

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 77046-1173

  - **Telephone number:** 800-959-4246

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

- **a. Name of Series:** Invesco Rochester Municipal Opportunities Fund

- **b. EDGAR series identifier (if any):** S000064638

- **c. LEI of Series:** 549300C8JW8DRNN8V756

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $10442818483.46

**Total Liabilities:** $1225372340.05

**Net Assets:** $9217446143.41

**Delayed Delivery Securities:** $28352638.55

**Cash Not Reported:** $57754927.44

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -4995.70507713 | **1-Year:** -91825.91454375 | **5-Year:** -495876.13913108 | **10-Year:** -1546380.15361702 | **30-Year:** -946696.44895564

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

- **3-Month:** -13355.81254823 | **1-Year:** -185962.04786310 | **5-Year:** -645486.05597263 | **10-Year:** -1530088.03928595 | **30-Year:** -1086788.53673690

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209278 | -2.04%               | -1.35%               | -0.61%               |
| Class ID C000209279 | -2.02%               | -1.33%               | -0.59%               |
| Class ID C000209280 | -2.02%               | -1.33%               | -0.59%               |
| Class ID C000209277 | -2.11%               | -1.41%               | -0.67%               |
| Class ID C000209281 | -2.02%               | -1.32%               | -0.59%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5637518.19             | $-238861935.38                             |
| Month 2  | $-58640693.29            | $-111202087.22                             |
| Month 3  | $-25366930.85            | $-76082852.46                              |

**Designated Index Information**

- **Index Name:** 50% BBG Bar Muni TR, 50% BBG Bar HY Muni TR

- **Index Identifier:** 100% BM-Securities only

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Riverpark Metropolitan District (County of Arapahoe)                                                                                             | Riverpark Metropolitan District (County of Arapahoe), Series 2024, GO Bonds                                                                            | CUSIP: 76883BAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1973095.40   | 0.02%             | 2054-12-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MW Retail Business Improvement District                                                                                                          | MW Retail Business Improvement District, Series 2024, RB                                                                                               | CUSIP: 55403PAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2240594.17   | 0.02%             | 2054-12-01      | Fixed         | 6.00%                 | 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 2023, RB                                     | CUSIP: 82652UAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11245000 | PA      | $11134960.93  | 0.12%             | 2047-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Forest at Duke (The))                                                                         | North Carolina (State of) Medical Care Commission (Forest at Duke (The)), Series 2021, RB                                                              | CUSIP: 65820YSM9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $978002.45    | 0.01%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Camillus Health System)                                                          | Wisconsin (State of) Health & Educational Facilities Authority (Camillus Health System), Series 2019, Ref. RB                                          | CUSIP: 97712D4D5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $5947123.70   | 0.06%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 ZZ, Ref. RB                                                                        | CUSIP: 74526QXR8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $622831.25    | 0.01%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Stockton Unified School District (Election of 2008)                                                                                              | Stockton Unified School District (Election of 2008), Series 2011 D, GO Bonds                                                                           | CUSIP: 861419RQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12115000 | PA      | $7128230.97   | 0.08%             | 2038-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| South Timnath Metropolitan District No. 1                                                                                                        | South Timnath Metropolitan District No. 1, Series 2019 A, GO Bonds                                                                                     | CUSIP: 84056MAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $812546.50    | 0.01%             | 2048-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Stockton Unified School District (Election of 2008)                                                                                              | Stockton Unified School District (Election of 2008), Series 2011 D, GO Bonds                                                                           | CUSIP: 861419RP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6245000 | PA      | $3890127.28   | 0.04%             | 2037-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges)                                                  | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges), Series 2022, RB                                       | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19290000 | PA      | $18845049.14  | 0.20%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tailholt Metropolitan District No. 3                                                                                                             | Tailholt Metropolitan District No. 3, Series 2024 A-1, Ref. GO Bonds                                                                                   | CUSIP: 87402WAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5458615.80   | 0.06%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Karl's Farm Metropolitan District No. 3                                                                                                          | Karl's Farm Metropolitan District No. 3, Series 2021, GO Bonds                                                                                         | CUSIP: 48565MAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6295000 | PA      | $5495381.40   | 0.06%             | 2051-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2023, RB                                                                                         | CUSIP: 74442ELD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    485000 | PA      | $497939.65    | 0.01%             | 2033-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QAZ3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    149034 | PA      | $1638.29      | 0.00%             | 2062-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Plano (City of), IL Special Service Area No. 5 (Lakewood Springs Club)                                                                           | Plano (City of), IL Special Service Area No. 5 (Lakewood Springs Club), Series 2006, RB                                                                | CUSIP: 72714RAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1066000 | PA      | $985106.70    | 0.01%             | 2036-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Children's Health System of Texas)                                                         | New Hope Cultural Education Facilities Finance Corp. (Children's Health System of Texas), Series 2019 A, RB                                            | CUSIP: 64542QBK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2885000 | PA      | $2577258.49   | 0.03%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                            | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JQH1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        | 103344000 | PA      | $24396986.47  | 0.26%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Creekside Village Metropolitan District                                                                                                          | Creekside Village Metropolitan District, Series 2019, GO Bonds                                                                                         | CUSIP: 225513AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    568000 | PA      | $568232.94    | 0.01%             | 2049-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Clearwater Cay Community Development District                                                                                                    | Clearwater Cay Community Development District, Series 2006 A, RB                                                                                       | CUSIP: 185149AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13074058 | PA      | $5883326.10   | 0.06%             | 2037-05-01      | Fixed         | 5.50%                 | Yes           |                  3 | On Loan: No      |
| Ludlow (City of), KY                                                                                                                             | Ludlow (City of), KY, Series 2023, RB                                                                                                                  | CUSIP: 549680AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7750000 | PA      | $5921652.55   | 0.06%             | 2053-03-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas City Independent School District                                                                                                           | Texas City Independent School District, Series 2023, GO Bonds                                                                                          | CUSIP: 882270XW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $7387284.55   | 0.08%             | 2053-08-15      | Fixed         | 4.00%                 | 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: 18610RCG7<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1540398.59   | 0.02%             | 2049-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                                                                                                     | Greater Asheville Regional Airport Authority, Series 2022, RB                                                                                          | CUSIP: 39160CAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4315000 | PA      | $4434707.59   | 0.05%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Crowfoot Valley Ranch Metropolitan District No. 2                                                                                                | Crowfoot Valley Ranch Metropolitan District No. 2, Series 2024 B, Ref. GO Bonds                                                                        | CUSIP: 22802CAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1732290.66   | 0.02%             | 2054-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Minneapolis (City of), MN (Kipp North Star)                                                                                                      | Minneapolis (City of), MN (Kipp North Star), Series 2020 A, RB                                                                                         | CUSIP: 60375CBF0<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |  11765000 | PA      | $9099000.41   | 0.10%             | 2055-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Oquirrh Point Public Infrastructure District No. 1                                                                                               | Oquirrh Point Public Infrastructure District No. 1, Series 2024 A-1, GO Bonds                                                                          | CUSIP: 68406AAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4140000 | PA      | $3901348.87   | 0.04%             | 2055-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Sacramento (City of), CA (Convention Center Complex)                                                                                             | Sacramento (City of), CA (Convention Center Complex), Series 2018, RB                                                                                  | CUSIP: 786073BS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6415000 | PA      | $6302135.13   | 0.07%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Red Bridge Public Infrastructure District No. 1                                                                                                  | Red Bridge Public Infrastructure District No. 1, Series 2021 A, GO Bonds                                                                               | CUSIP: 756423AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $747965.20    | 0.01%             | 2051-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Independence (City of), MN (Spero Academy)                                                                                                       | Independence (City of), MN (Spero Academy), Series 2021 A, RB                                                                                          | CUSIP: 45362RAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13325000 | PA      | $10109590.89  | 0.11%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Callaway (County of), MO Industrial Development Authority (Westminster College)                                                                  | Callaway (County of), MO Industrial Development Authority (Westminster College), Series 2021 C, RB                                                     | CUSIP: 131168BZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3480000 | PA      | $2755231.19   | 0.03%             | 2051-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Florida Charter Foundation, Inc.)                                                                             | Florida Development Finance Corp. (Florida Charter Foundation, Inc.), Series 2016 A, RB                                                                | CUSIP: 34061UCE6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   6045000 | PA      | $5463758.74   | 0.06%             | 2046-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                              | Illinois (State of), Series 2017 C, GO Bonds                                                                                                           | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    625000 | PA      | $644928.75    | 0.01%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                            | Children's Trust Fund, Series 2002, RB                                                                                                                 | CUSIP: 16876QBG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 108400000 | PA      | $109647543.08 | 1.19%             | 2043-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges)                                                  | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges), Series 2022, RB                                       | CUSIP: 70868YAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12140000 | PA      | $12354694.69  | 0.13%             | 2048-06-30      | Fixed         | 5.75%                 | 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 B, Ref. RB                                        | CUSIP: 821697H93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6350000 | PA      | $317500.00    | 0.00%             | 2044-09-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Pilot Point (City of), TX (Creekview Public Improvement District Zone B)                                                                         | Pilot Point (City of), TX (Creekview Public Improvement District Zone B), Series 2022, RB                                                              | CUSIP: 721614AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $725861.93    | 0.01%             | 2042-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                                                                                            | Capital Projects Finance Authority/FL, Series 2025, RB                                                                                                 | CUSIP: 14043HAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10013081.00  | 0.11%             | 2055-01-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                                       | Texas (State of) Transportation Commission, Series 2019, RB                                                                                            | CUSIP: 88283NAU6<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   3320000 | PA      | $936809.71    | 0.01%             | 2049-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma (County of), OK Finance Authority (Astec)                                                                                               | Oklahoma (County of), OK Finance Authority (Astec), Series 2024, RB                                                                                    | CUSIP: 67868WAB5<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1318912.79   | 0.01%             | 2044-06-15      | Fixed         | 6.00%                 | 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        |   1405000 | PA      | $1405635.06   | 0.02%             | 2043-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Cave Springs Municipal Property Owners' Improvement District No. 3                                                                               | Cave Springs Municipal Property Owners' Improvement District No. 3, Series 2007, GO Bonds                                                              | CUSIP: 149599AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4220000 | PA      | $4220000.00   | 0.05%             | 2038-02-01      | Fixed         | 6.25%                 | No            |                  3 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                                             | New Hope Cultural Education Facilities Finance Corp., Series 2025, RB                                                                                  | CUSIP: 64542UHG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7280000 | PA      | $6956989.31   | 0.08%             | 2060-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency                                                                                       | California (State of) County Tobacco Securitization Agency, Series 2006 A, RB                                                                          | CUSIP: 13016NCH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 520920000 | PA      | $114300526.86 | 1.24%             | 2050-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Magnolia Creek Community Development District                                                                                                    | Magnolia Creek Community Development District, Series 2007 A, RB                                                                                       | CUSIP: 559597AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $463538.75    | 0.01%             | 2039-05-01      | Fixed         | 5.90%                 | 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 2018 A, RB                                                          | CUSIP: 64542UDY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8400000 | PA      | $5863998.00   | 0.06%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bethel (City of), MN (Benedictine Health System - St. Peter Communities)                                                                         | Bethel (City of), MN (Benedictine Health System - St. Peter Communities), Series 2018 A, Ref. RB                                                       | CUSIP: 08675TAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3330000 | PA      | $3077104.48   | 0.03%             | 2048-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North Parkway Municipal Management District No. 1 (Major Improvements)                                                                           | North Parkway Municipal Management District No. 1 (Major Improvements), Series 2021, RB                                                                | CUSIP: 661441AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1855220.00   | 0.02%             | 2041-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Economic Development Authority (Empire South Terminal of West)                                                          | West Virginia (State of) Economic Development Authority (Empire South Terminal of West), Series 2023, RB                                               | CUSIP: 95649CAB6<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |  16000000 | PA      | $14304889.60  | 0.16%             | 2043-12-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QBA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    145770 | PA      | $1514.93      | 0.00%             | 2063-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Hospital Equipment & Facilities Authority                                                                                            | Mississippi Hospital Equipment & Facilities Authority, Series 2025, RB                                                                                 | CUSIP: 605360UD6<br>LEI: 549300DW2GVUIGE04396 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10393259.00  | 0.11%             | 2055-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)                                                             | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2018, Ref. RB                                             | CUSIP: 544445GY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30000000 | PA      | $29472231.00  | 0.32%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                 | New York & New Jersey (States of) Port Authority, Two Hundred Twenty Third Series 2021, Ref. RB                                                        | CUSIP: 73358XAX0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1415211.92   | 0.02%             | 2046-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Johnstown North Metropolitan District No. 2                                                                                                      | Johnstown North Metropolitan District No. 2, Series 2022 A, GO Bonds                                                                                   | CUSIP: 47961FAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3015000 | PA      | $3044857.55   | 0.03%             | 2052-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Sawgrass Village Community Development District                                                                                                  | Sawgrass Village Community Development District, Series 2023, RB                                                                                       | CUSIP: 805462AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1230296.52   | 0.01%             | 2043-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Williamson (County of), TX Municipal Utility District No. 28                                                                                     | Williamson (County of), TX Municipal Utility District No. 28, Series 2022, GO Bonds                                                                    | CUSIP: 97001YKD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1632630.98   | 0.02%             | 2048-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| E-86 Metropolitan District                                                                                                                       | E-86 Metropolitan District, Series 2021 A, GO Bonds                                                                                                    | CUSIP: 26843GAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $841201.55    | 0.01%             | 2051-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |       273 | PA      | $257.89       | 0.00%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds)                                                   | New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds), Series 2024, Ref. RB                                   | CUSIP: 650116HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20070596.00  | 0.22%             | 2054-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                                    | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 A, RB                                       | CUSIP: 79766DMA4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  10020000 | PA      | $9982891.93   | 0.11%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain Shadows Metropolitan District                                                                                                           | Mountain Shadows Metropolitan District, Series 2016, Ref. GO Bonds                                                                                     | CUSIP: 62426NAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    977000 | PA      | $917217.27    | 0.01%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring Hill Metropolitan District No. 3                                                                                                          | Spring Hill Metropolitan District No. 3, Series 2022 B, GO Bonds                                                                                       | CUSIP: 84966NAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $362391.66    | 0.00%             | 2045-12-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority (Santa Clara)                                                                                    | Silicon Valley Tobacco Securitization Authority (Santa Clara), Series 2007 B, RB                                                                       | CUSIP: 82706TAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13505000 | PA      | $3168932.04   | 0.03%             | 2047-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                                                            | New York (City of), NY Transitional Finance Authority, Series 2022, RB                                                                                 | CUSIP: 64971XM21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12097981.20  | 0.13%             | 2051-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb (County of), GA Development Authority (The) (Northwest Classical Academy)                                                                   | Cobb (County of), GA Development Authority (The) (Northwest Classical Academy), Series 2023, RB                                                        | CUSIP: 190779AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $474959.52    | 0.01%             | 2043-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Rowlett (City of), TX (Bayside Public Improvement District North Improvement Area)                                                               | Rowlett (City of), TX (Bayside Public Improvement District North Improvement Area), Series 2016, RB                                                    | CUSIP: 779719AB9<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |    450000 | PA      | $438835.55    | 0.00%             | 2046-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Florida Charter Educational Foundation, Inc.)                                                                        | Capital Trust Agency, Inc. (Florida Charter Educational Foundation, Inc.), Series 2018 A, RB                                                           | CUSIP: 14054CBA6<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    850000 | PA      | $818898.16    | 0.01%             | 2038-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Million Air Three LLC General Aviation Facilities)                                                | Wisconsin (State of) Public Finance Authority (Million Air Three LLC General Aviation Facilities), Series 2024, Ref. RB                                | CUSIP: 74446DAL2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030839.40   | 0.01%             | 2035-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds)                                                   | New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds), Series 2024, Ref. RB                                   | CUSIP: 650116HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27250000 | PA      | $27382791.98  | 0.30%             | 2060-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                       | Miami-Dade (County of), FL, Series 2024 A, RB                                                                                                          | CUSIP: 59334DNX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $17512211.70  | 0.19%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District (Development Unit No. 9)                                                                                      | West Villages Improvement District (Development Unit No. 9), Series 2023, RB                                                                           | CUSIP: 956454CF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507099.50   | 0.02%             | 2053-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science)                                                                | Arizona (State of) Industrial Development Authority (Academies of Math & Science), Series 2018 B, RB                                                   | CUSIP: 04052BGR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2238888.38   | 0.02%             | 2048-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Santa Fe Park Authority                                                                                                                          | Santa Fe Park Authority, Series 2023 B, RB                                                                                                             | CUSIP: 80217CAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    891000 | PA      | $834665.72    | 0.01%             | 2053-12-15      | Fixed         | 9.25%                 | 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        |  18975000 | PA      | $13115994.38  | 0.14%             | 2042-06-01      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Vista (The))                                                                                | New Hampshire (State of) Business Finance Authority (Vista (The)), Series 2019 A, RB                                                                   | CUSIP: 63607YAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $748841.71    | 0.01%             | 2046-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Kokomo (City of), IN (Silver Birch at KOKOMO)                                                                                                    | Kokomo (City of), IN (Silver Birch at KOKOMO), Series 2017, RB                                                                                         | CUSIP: 500364AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4570000 | PA      | $4133296.74   | 0.04%             | 2037-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)                                             | California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 B-2, Ref. RB                         | CUSIP: 13016NFC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15195000 | PA      | $2765493.04   | 0.03%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Creekview Community Development District (Phase 2)                                                                                               | Creekview Community Development District (Phase 2), Series 2024, RB                                                                                    | CUSIP: 225514AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3289529.25   | 0.04%             | 2055-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Princeton Independent School District                                                                                                            | Princeton Independent School District, Series 2023, GO Bonds                                                                                           | CUSIP: 742395XX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25065000 | PA      | $22759822.08  | 0.25%             | 2053-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NS Public Infrastructure No. 2                                                                                                                   | NS Public Infrastructure No. 2, Series 2024 B, GO Bonds                                                                                                | CUSIP: 62948SAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    638000 | PA      | $620876.46    | 0.01%             | 2055-03-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Celina (City of), TX (Ten Mile Creek Public Improvement District Major Improvement Area)                                                         | Celina (City of), TX (Ten Mile Creek Public Improvement District Major Improvement Area), Series 2023, RB                                              | CUSIP: 15114CFW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $781526.32    | 0.01%             | 2042-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Flying Horse Metropolitan District No. 3                                                                                                         | Flying Horse Metropolitan District No. 3, Series 2019, Ref. GO Bonds                                                                                   | CUSIP: 34407UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2965000 | PA      | $2872765.67   | 0.03%             | 2049-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Monogalia (County of), WV (Development Disctict No. 4 - University Town Centre)                                                                  | Monogalia (County of), WV (Development Disctict No. 4 - University Town Centre), Series 2023, Ref. RB                                                  | CUSIP: 61022DAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $900128.60    | 0.01%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Portland (Port of), OR                                                                                                                           | Portland (Port of), OR, Twenty Seventh Series 2020 A, RB                                                                                               | CUSIP: 735240Y23<br>LEI: 549300BRH7XZ3ZK0DS46 | Long             | DBT              | MUN               | US        |  11680000 | PA      | $9887597.71   | 0.11%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services)                                                         | Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services), Series 2024, Ref. RB                                         | CUSIP: 60635H4C0<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1687540.75   | 0.02%             | 2054-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks)                                                                  | Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks), Series 2020, Ref. RB                                                  | CUSIP: 87638RKG1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   7625000 | PA      | $6379107.03   | 0.07%             | 2051-11-15      | Fixed         | 6.75%                 | 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: 497609AW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1138791.24   | 0.01%             | 2028-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Paragon Academy of Technology and Sunshine Elementary Charter School)                                                | Capital Trust Agency, Inc. (Paragon Academy of Technology and Sunshine Elementary Charter School), Series 2019 A, RB                                   | CUSIP: 14054CBR9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   3735000 | PA      | $3090359.92   | 0.03%             | 2054-06-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                                    | Denver (City & County of), CO, Series 2022 D, Ref. RB                                                                                                  | CUSIP: 249182TN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  41500000 | PA      | $40877060.10  | 0.44%             | 2053-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palisade Metropolitan District No. 2                                                                                                             | Palisade Metropolitan District No. 2, Series 2024, Ref. RB                                                                                             | CUSIP: 696392AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1790348.82   | 0.02%             | 2054-12-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports                                                                                                 | Los Angeles (City of), CA Department of Airports, Series 2022 A, RB                                                                                    | CUSIP: 544445WS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18575000 | PA      | $16032277.54  | 0.17%             | 2049-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Puerto Rico                                                                                                                        | University of Puerto Rico, Series 2006 P, Ref. RB                                                                                                      | CUSIP: 914811NU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5260000 | PA      | $5082835.84   | 0.06%             | 2030-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                                                                                             | Mida Mountain Village Public Infrastructure District, Series 2024-2, RB                                                                                | CUSIP: 59561UAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1245294.75   | 0.01%             | 2044-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                                                                                        | Golden State Tobacco Securitization Corp., Series 2021 B-2, Ref. RB                                                                                    | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 186500000 | PA      | $20086367.05  | 0.22%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Plano (City of), TX                                                                                                                              | Plano (City of), TX, Series 2023, RB                                                                                                                   | CUSIP: 727220AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1439354.70   | 0.02%             | 2053-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Lakeside Preserve Community Development District (Series 2023)                                                                                   | Lakeside Preserve Community Development District (Series 2023), Series 2023, RB                                                                        | CUSIP: 51218WAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020889.60   | 0.01%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), OH (Wesley Communities)                                                                                                    | Franklin (County of), OH (Wesley Communities), Series 2020, Ref. RB                                                                                    | CUSIP: 353180LL4<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2481793.92   | 0.03%             | 2055-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Glades Correctional Development Corp.                                                                                                            | Glades Correctional Development Corp., Series 2017 B, RB                                                                                               | CUSIP: 376458AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2392935 | PA      | $95717.40     | 0.00%             | 2030-03-01      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Broadway Station Metropolitan District No. 3                                                                                                     | Broadway Station Metropolitan District No. 3, Series 2019, GO Bonds                                                                                    | CUSIP: 111571AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1297376.33   | 0.01%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix (City of), AZ Industrial Development Authority (The) (Espiritu Community Development Corp. Charter School)                               | Phoenix (City of), AZ Industrial Development Authority (The) (Espiritu Community Development Corp. Charter School), Series 2006 A, RB                  | CUSIP: 71883YAJ7<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1388852.88   | 0.02%             | 2036-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Buckner Senior Living - Ventana)                                                     | Tarrant County Cultural Education Facilities Finance Corp. (Buckner Senior Living - Ventana), Series 2017, RB                                          | CUSIP: 87638RJE8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2125296.81   | 0.02%             | 2052-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Humble Independent School District                                                                                                               | Humble Independent School District, Series 2022, GO Bonds                                                                                              | CUSIP: 445047MH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20500000 | PA      | $17947110.40  | 0.19%             | 2052-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chesterfield Valley Transportation Development District                                                                                          | Chesterfield Valley Transportation Development District, Series 2018, RB                                                                               | CUSIP: 166533BE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4960000 | PA      | $3335811.79   | 0.04%             | 2046-05-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Monongalia (County of), WV Commission Special District (University Town Centre Economic Opportunity Development District)                        | Monongalia (County of), WV Commission Special District (University Town Centre Economic Opportunity Development District), Series 2017 A, Ref. RB      | CUSIP: 61022CAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3435000 | PA      | $3454006.20   | 0.04%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Celina (City of), TX (Mosaic Public Improvement District Phase #1)                                                                               | Celina (City of), TX (Mosaic Public Improvement District Phase #1), Series 2023, RB                                                                    | CUSIP: 15114CGA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1700580.26   | 0.02%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                                                                                         | New Hampshire Business Finance Authority, Series 2025, RB                                                                                              | CUSIP: 63608TAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  63079000 | PA      | $34269098.64  | 0.37%             | 2035-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds)                                                           | California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds), Series 2017, RB                                                | CUSIP: 130536QZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6075000 | PA      | $60.75        | 0.00%             | 2032-07-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                                               | Greater Orlando Aviation Authority, Series 2019 A, RB                                                                                                  | CUSIP: 3922742F2<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |  13180000 | PA      | $11783787.24  | 0.13%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westridge Community Development District                                                                                                         | Westridge Community Development District, Series 2005, RB                                                                                              | CUSIP: 96144WAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1210289.19   | 0.01%             | 2037-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Dreamhouse)                                                                                       | Wisconsin (State of) Public Finance Authority (Dreamhouse), Series 2022 A, RB                                                                          | CUSIP: 74442EJU5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  16975000 | PA      | $16805250.00  | 0.18%             | 2025-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| State of California                                                                                                                              | State of California, Series 2025, GO Bonds                                                                                                             | CUSIP: 13063ELN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20807274.00  | 0.23%             | 2055-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carlton Lakes Community Development District                                                                                                     | Carlton Lakes Community Development District, Series 2015, RB                                                                                          | CUSIP: 143024AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $768674.03    | 0.01%             | 2036-11-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Westside Community Development District                                                                                                          | Westside Community Development District, Series 2019-2, RB                                                                                             | CUSIP: 96149TAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $473327.45    | 0.01%             | 2038-05-01      | Fixed         | 7.20%                 | No            |                  3 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                                                                                              | Pennsylvania Housing Finance Agency, Series 2025, RB                                                                                                   | CUSIP: 70879QN66<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5099234.92   | 0.06%             | 2045-10-01      | Fixed         | 4.62%                 | 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 A, RB                                                                  | CUSIP: 8371514E6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   7365000 | PA      | $7533480.27   | 0.08%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                            | Puerto Rico Sales Tax Financing Corp., Series 2019 A-2, RB                                                                                             | CUSIP: 74529JRH0<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   9212000 | PA      | $8602301.94   | 0.09%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Peninsula Town Center Community Development Authority                                                                                            | Peninsula Town Center Community Development Authority, Series 2018, Ref. RB                                                                            | CUSIP: 70718LAH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $929089.20    | 0.01%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Viridian Farm Public Infrastructure District No. 1                                                                                               | Viridian Farm Public Infrastructure District No. 1, Series 2024 B, GO Bonds                                                                            | CUSIP: 92841PAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $481818.95    | 0.01%             | 2054-03-15      | Fixed         | 8.38%                 | 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        |    500000 | PA      | $493446.45    | 0.01%             | 2034-06-15      | Fixed         | 5.25%                 | 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        |   8000000 | PA      | $7968560.00   | 0.09%             | 2031-10-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Astro Texas Land)                                                                                 | Wisconsin (State of) Public Finance Authority (Astro Texas Land)                                                                                       | CUSIP: 74447TAE2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6648000 | PA      | $6648000.00   | 0.07%             | 2028-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp. (International Leadership of Texas)                                                                       | Clifton Higher Education Finance Corp. (International Leadership of Texas), Series 2018 D, RB                                                          | CUSIP: 187145JS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5011255.00   | 0.05%             | 2038-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Glades Correctional Development Corp.                                                                                                            | Glades Correctional Development Corp., Series 2017 A, RB                                                                                               | CUSIP: 376458AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4209209 | PA      | $1683683.60   | 0.02%             | 2030-03-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Willow Springs Metropolitan District                                                                                                             | Willow Springs Metropolitan District, Series 2024 B, GO Bonds                                                                                          | CUSIP: 971221AS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $640829.69    | 0.01%             | 2054-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Remuda Ranch Metropolitan District                                                                                                               | Remuda Ranch Metropolitan District, Series 2020 B, GO Bonds                                                                                            | CUSIP: 75971UAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    573000 | PA      | $570416.51    | 0.01%             | 2050-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Hickman (The))                                                                         | Chester (County of), PA Industrial Development Authority (Hickman (The)), Series 2016, RB                                                              | CUSIP: 165588DG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11080000 | PA      | $9221043.03   | 0.10%             | 2052-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Creekside Community Development District                                                                                                         | Creekside Community Development District, Series 2006, RB                                                                                              | CUSIP: 225508AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1532644 | PA      | $766322.17    | 0.01%             | 2038-05-01      | Fixed         | 5.20%                 | No            |                  3 | On Loan: No      |
| Northwoods Transportation Development District                                                                                                   | Northwoods Transportation Development District, Series 2006 A, RB                                                                                      | CUSIP: 66859FAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    437000 | PA      | $388095.50    | 0.00%             | 2031-02-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Municipal Water Finance Authority                                                                                         | New York (City of), NY Municipal Water Finance Authority, Subseries 2024 AA-1, RB                                                                      | CUSIP: 64972GF41<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15594760.50  | 0.17%             | 2053-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mariposa East Public Improvement District                                                                                                        | Mariposa East Public Improvement District, Series 2015 C, RB                                                                                           | CUSIP: 57025SAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $321028.34    | 0.00%             | 2032-09-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Buffalo Ridge Metropolitan District                                                                                                              | Buffalo Ridge Metropolitan District, Series 2018 B, GO Bonds                                                                                           | CUSIP: 119802AF3<br>LEI: 549300NCEVFYCC5JD730 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1107019.50   | 0.01%             | 2047-12-15      | Fixed         | 7.38%                 | 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        |   2085000 | PA      | $2085006.05   | 0.02%             | 2031-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Zephyr Ridge Community Development District                                                                                                      | Zephyr Ridge Community Development District, Series 2006 A, RB                                                                                         | CUSIP: 98944CAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2634476 | PA      | $1448961.56   | 0.02%             | 2037-05-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                                                            | New York (City of), NY Transitional Finance Authority, Series 2023 A-1, RB                                                                             | CUSIP: 64971X8M3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25010000 | PA      | $25350921.32  | 0.28%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Lake City (City of), UT                                                                                                                     | Salt Lake City (City of), UT, Series 2017 A, RB                                                                                                        | CUSIP: 795576FY8<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4910341.00   | 0.05%             | 2047-07-01      | 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: 343572AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6850000 | PA      | $6699769.91   | 0.07%             | 2038-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Baltimore (City of), MD (Convention Center Hotel)                                                                                                | Baltimore (City of), MD (Convention Center Hotel), Series 2017, Ref. RB                                                                                | CUSIP: 05921PBV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3630000 | PA      | $3675991.74   | 0.04%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Elim Senior Housing, Inc.)                                                                                           | Capital Trust Agency, Inc. (Elim Senior Housing, Inc.), Series 2017, RB                                                                                | CUSIP: 140542AG6<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   3925000 | PA      | $3192802.63   | 0.03%             | 2052-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Collier (County of), FL Industrial Development Authority (Gulf Coast Academy South)                                                              | Collier (County of), FL Industrial Development Authority (Gulf Coast Academy South), Series 2017 A, RB                                                 | CUSIP: 194639AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1113448.52   | 0.01%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geos Neighborhood Metropolitan District                                                                                                          | Geos Neighborhood Metropolitan District, Series 2021, GO Bonds                                                                                         | CUSIP: 373629AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3075000 | PA      | $2698614.77   | 0.03%             | 2050-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Denton Independent School District                                                                                                               | Denton Independent School District, Series 2023, GO Bonds                                                                                              | CUSIP: 249002MB9<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14343317.80  | 0.16%             | 2048-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North AR-1 Pasco Community Development District (Assessment Area Three)                                                                          | North AR-1 Pasco Community Development District (Assessment Area Three), Series 2023, RB                                                               | CUSIP: 65725AAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $802386.32    | 0.01%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                 | New York & New Jersey (States of) Port Authority, Two Hundredth Series 2017, Ref. RB                                                                   | CUSIP: 73358WG99<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10047971.00  | 0.11%             | 2047-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                                              | Metropolitan Transportation Authority (Green Bonds), Series 2017 B-1, RB                                                                               | CUSIP: 59259N8M8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10085811.00  | 0.11%             | 2057-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (Aberdeen Ridge)                                                                                 | Colorado (State of) Health Facilities Authority (Aberdeen Ridge), Series 2021 A, RB                                                                    | CUSIP: 19648FTG9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1723630.95   | 0.02%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sawgrass Village Community Development District                                                                                                  | Sawgrass Village Community Development District, Series 2023, RB                                                                                       | CUSIP: 805462AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1433704.72   | 0.02%             | 2053-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Christian Care Surprise, Inc.)                                                        | Maricopa (County of), AZ Industrial Development Authority (Christian Care Surprise, Inc.), Series 2016, RB                                             | CUSIP: 56682PBU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11475000 | PA      | $8934810.23   | 0.10%             | 2048-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Avenir Community Development District (Assessment Area No. 3 - Master Infrastructure)                                                            | Avenir Community Development District (Assessment Area No. 3 - Master Infrastructure), Series 2023, RB                                                 | CUSIP: 05357JAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2610000 | PA      | $2579718.52   | 0.03%             | 2043-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Atlanta (City of), GA (Green Bonds)                                                                                                              | Atlanta (City of), GA (Green Bonds), Series 2023, RB                                                                                                   | CUSIP: 04780TEY6<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |  11475000 | PA      | $11822030.39  | 0.13%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Silverstone Metropolitan District No. 3                                                                                                          | Silverstone Metropolitan District No. 3, Series 2023, GO Bonds                                                                                         | CUSIP: 82846KAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9155000 | PA      | $9195380.87   | 0.10%             | 2045-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Transit System                                                                                                        | Miami-Dade (County of), FL Transit System, Series 2022, RB                                                                                             | CUSIP: 59334PKZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  35475000 | PA      | $35621132.17  | 0.39%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Erie Commons Metropolitan District No. 2                                                                                                         | Erie Commons Metropolitan District No. 2, Series 2019 B, Ref. GO Bonds                                                                                 | CUSIP: 295022AV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2997632.11   | 0.03%             | 2054-12-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Lakes of Sarasota Community Development District                                                                                                 | Lakes of Sarasota Community Development District, Series 2024 A, RB                                                                                    | CUSIP: 51206YAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $403811.92    | 0.00%             | 2044-05-01      | Fixed         | 5.30%                 | 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        |   9200000 | PA      | $9203061.76   | 0.10%             | 2048-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Goddard (City of), KS (Olympic Park Star Bond)                                                                                                   | Goddard (City of), KS (Olympic Park Star Bond), Series 2021, RB                                                                                        | CUSIP: 380278AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1343055.17   | 0.01%             | 2034-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Stonebridge Public Improvement District                                                                                                          | Stonebridge Public Improvement District, Series 2007, RB                                                                                               | CUSIP: 86176HAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16410000 | PA      | $4102500.00   | 0.04%             | 2042-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community)                                                        | New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community), Series 2021, RB                                             | CUSIP: 64542UFR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4081494 | PA      | $1427589.87   | 0.02%             | 2061-11-15      | Variable      | 2.00%                 | Yes           |                  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        |    700000 | PA      | $719227.60    | 0.01%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Huron Academy)                                                                                            | Michigan (State of) Finance Authority (Huron Academy), Series 2024, Ref. RB                                                                            | CUSIP: 594479JV0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1779162.40   | 0.02%             | 2054-10-01      | Fixed         | 5.00%                 | 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        |  30325000 | PA      | $30291866.91  | 0.33%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2012 A, RB                                                                              | CUSIP: 74526QZZ8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $1701125.00   | 0.02%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AES PUERTO RICO Inc.                                                                                                                             | AES PUERTO RICO Inc., Pfd.                                                                                                                             | CUSIP: 902DZT000<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |     76613 | NS      | $0.08         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cuyahoga (County of), OH (MetroHealth System)                                                                                                    | Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB                                                                                    | CUSIP: 2322655S3<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |  10880000 | PA      | $10622501.95  | 0.12%             | 2047-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2012 A, RB                                                                              | CUSIP: 74526QZY1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |  11925000 | PA      | $6543843.75   | 0.07%             | 2042-07-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                         | Chicago (City of), IL Board of Education, Series 2016, RB                                                                                              | CUSIP: 167510AA4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   5700000 | PA      | $5792989.80   | 0.06%             | 2046-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lee's Summit (City of), MO Industrial Development Authority                                                                                      | Lee's Summit (City of), MO Industrial Development Authority, Series 2007, RB                                                                           | CUSIP: 524289AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    508242 | PA      | $279533.25    | 0.00%             | 2029-03-01      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| Eastern Illinois Economic Development Authority (Remington Road & I-57 Business District)                                                        | Eastern Illinois Economic Development Authority (Remington Road & I-57 Business District), Series 2023, RB                                             | CUSIP: 276519AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4908897.50   | 0.05%             | 2046-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oquirrh Point Public Infrastructure District No. 1                                                                                               | Oquirrh Point Public Infrastructure District No. 1, Series 2024 A-2, GO Bonds                                                                          | CUSIP: 68406AAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $1110211.03   | 0.01%             | 2055-03-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                                               | Greater Orlando Aviation Authority, Series 2019 A, RB                                                                                                  | CUSIP: 3922742H8<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |  16490000 | PA      | $14089209.36  | 0.15%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                                                                                          | Port Authority of New York & New Jersey, Series 2019, RB                                                                                               | CUSIP: 73358W4A9<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |  46300000 | PA      | $46481884.92  | 0.50%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 AAA, RB                                                                            | CUSIP: 74526QXZ0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   4570000 | PA      | $2507787.50   | 0.03%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Osceola (County of), FL                                                                                                                          | Osceola (County of), FL, Series 2020 A-2, Ref. RB                                                                                                      | CUSIP: 688031FG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4775000 | PA      | $1166231.68   | 0.01%             | 2051-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)                                                      | California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2002 A, RB                                         | CUSIP: 130923BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2322652.61   | 0.03%             | 2037-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Stanislaus County Tobacco Funding Corp.)                                             | California (State of) County Tobacco Securitization Agency (Stanislaus County Tobacco Funding Corp.), Series 2002 A, RB                                | CUSIP: 13016NAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1772000.81   | 0.02%             | 2043-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Henderson (City of), KY (Pratt Paper LLC)                                                                                                        | Henderson (City of), KY (Pratt Paper LLC), Series 2022 A, RB                                                                                           | CUSIP: 425099AB4<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4900585.80   | 0.05%             | 2052-01-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts)                                                                                   | Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts), Series 2018 A, RB                                                                      | CUSIP: 509893AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1561595.66   | 0.02%             | 2048-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Canyons Metropolitan District No. 5                                                                                                              | Canyons Metropolitan District No. 5, Series 2024 B, Ref. GO Bonds                                                                                      | CUSIP: 139071AZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1491807.90   | 0.02%             | 2054-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                             | San Diego (County of), CA Regional Airport Authority, Series 2021 B, RB                                                                                | CUSIP: 79739GNW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6960000 | PA      | $5821868.09   | 0.06%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Twin Cities German Immersion School)                                                   | St. Paul (City of), MN Housing & Redevelopment Authority (Twin Cities German Immersion School), Series 2019, RB                                        | CUSIP: 852297CU2<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $845180.60    | 0.01%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Twin Cities German Immersion School)                                                   | St. Paul (City of), MN Housing & Redevelopment Authority (Twin Cities German Immersion School), Series 2019, RB                                        | CUSIP: 852297CT5<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $874879.70    | 0.01%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sky Ranch Community Authority Board                                                                                                              | Sky Ranch Community Authority Board, Series 2022 A, RB                                                                                                 | CUSIP: 83086SAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4585279.50   | 0.05%             | 2052-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority                                                                                              | Arizona (State of) Industrial Development Authority, Series 2019-2A, Revenue Ctfs.                                                                     | CUSIP: 04052ABH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5955866 | PA      | $5635158.88   | 0.06%             | 2033-05-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                                                                                            | County of Hamilton OH, Series 2025, RB                                                                                                                 | CUSIP: 4072722W2<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3449183.15   | 0.04%             | 2051-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| El Paso (City of), TX                                                                                                                            | El Paso (City of), TX, Series 2022, RB                                                                                                                 | CUSIP: 283822WJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22800000 | PA      | $23504116.44  | 0.25%             | 2049-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QAU4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    167527 | PA      | $2499.62      | 0.00%             | 2057-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Brazoria County Industrial Development Corp. (Aleon Renewable)                                                                                   | Brazoria County Industrial Development Corp. (Aleon Renewable), Series 2022, RB                                                                        | CUSIP: 10604PAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5870000 | PA      | $4989500.00   | 0.05%             | 2026-06-01      | Variable      | 10.00%                | Yes           |                  2 | On Loan: No      |
| Buckeye Park Community Development District                                                                                                      | Buckeye Park Community Development District, Series 2008 A, RB                                                                                         | CUSIP: 118227AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800052.32    | 0.01%             | 2038-05-01      | Fixed         | 7.88%                 | 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        |  46185000 | PA      | $46154319.30  | 0.50%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                                                                                            | Capital Projects Finance Authority/FL, Series 2025, RB                                                                                                 | CUSIP: 14043HAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10500000 | PA      | $10152441.60  | 0.11%             | 2065-01-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                               | Tobacco Settlement Financing Corp., Series 2006 A, RB                                                                                                  | CUSIP: 88880RAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19560000 | PA      | $10602339.56  | 0.12%             | 2035-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Palm Coast Park Community Development District                                                                                                   | Palm Coast Park Community Development District, Series 2006, RB                                                                                        | CUSIP: 69661TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6870000 | PA      | $6956121.63   | 0.08%             | 2037-05-01      | Fixed         | 5.70%                 | 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        |   4690000 | PA      | $4510789.47   | 0.05%             | 2038-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (Paideia Academies (The))                                                                  | Pima (County of), AZ Industrial Development Authority (Paideia Academies (The)), Series 2019, RB                                                       | CUSIP: 72177MRX7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    650000 | PA      | $605013.89    | 0.01%             | 2039-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Reagan Academy)                                                                                | Utah (State of) Charter School Finance Authority (Reagan Academy), Series 2016 A, Ref. RB                                                              | CUSIP: 91754TPX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $763244.91    | 0.01%             | 2046-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STC Metropolitan District No 2                                                                                                                   | STC Metropolitan District No 2, Series 2025, GO Bonds                                                                                                  | CUSIP: 85780TBE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5045210.50   | 0.05%             | 2055-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 CCC, RB                                                                            | CUSIP: 74526QYT3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    540000 | PA      | $296325.00    | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crandall (City of), TX                                                                                                                           | Crandall (City of), TX, Series 2021, RB                                                                                                                | CUSIP: 224384AG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $220478.13    | 0.00%             | 2041-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.)                                                                | New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.), Series 2003, RB                                                     | CUSIP: 64578CBU4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8003688.80   | 0.09%             | 2033-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pilot Point (City of), TX (Mobberly Public Area No. 2)                                                                                           | Pilot Point (City of), TX (Mobberly Public Area No. 2), Series 2022, RB                                                                                | CUSIP: 721614AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    277000 | PA      | $277884.71    | 0.00%             | 2027-09-15      | Fixed         | 5.38%                 | No            |                  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: 04052BGK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3945000 | PA      | $3511395.58   | 0.04%             | 2048-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Branson (City of), MO Commerce Park Community Improvement District                                                                               | Branson (City of), MO Commerce Park Community Improvement District, Series 2007 A, RB                                                                  | CUSIP: 10542MAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $735000.00    | 0.01%             | 2026-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (St. Martin Parish Gomesa)                      | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (St. Martin Parish Gomesa), Series 2019, RB           | CUSIP: 54628CJA1<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   2820000 | PA      | $2610215.41   | 0.03%             | 2044-11-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (University Bridge LLC Student Housing)                                                                               | Capital Trust Agency, Inc. (University Bridge LLC Student Housing), Series 2018 A, RB                                                                  | CUSIP: 140536AD5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |  10005000 | PA      | $9444288.78   | 0.10%             | 2058-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Parkway Municipal Management District No. 1                                                                                                | North Parkway Municipal Management District No. 1, Series 2021, RB                                                                                     | CUSIP: 66144PAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $418802.90    | 0.00%             | 2041-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sweetgrass Metropolitan District No. 2                                                                                                           | Sweetgrass Metropolitan District No. 2, Series 2022 B, Ref. GO Bonds                                                                                   | CUSIP: 87043CAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1183128.42   | 0.01%             | 2049-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Mesquite (City of), NV                                                                                                                           | Mesquite (City of), NV, Series 2005, RB                                                                                                                | CUSIP: 590739AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5012.84      | 0.00%             | 2025-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 CCC, RB                                                                            | CUSIP: 74526QYX4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     35000 | PA      | $19118.75     | 0.00%             | 2025-07-01      | 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        |   2230000 | PA      | $2255945.83   | 0.02%             | 2037-12-15      | Fixed         | 8.25%                 | 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: 67556TCZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3090000 | PA      | $2934398.72   | 0.03%             | 2053-12-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Norfolk (City of), VA Redevelopment & Housing Authority (Fort Norfolk Retirement Community, Inc. - Harbor's Edge)                                | Norfolk (City of), VA Redevelopment & Housing Authority (Fort Norfolk Retirement Community, Inc. - Harbor's Edge), Series 2019, RB                     | CUSIP: 655909CJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $872478.58    | 0.01%             | 2029-01-01      | Fixed         | 4.00%                 | 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: 72177MQZ3<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2244016.80   | 0.02%             | 2045-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| East San Luis (City of), AZ Community Facilities District (Assessment Area One)                                                                  | East San Luis (City of), AZ Community Facilities District (Assessment Area One), Series 2007, RB                                                       | CUSIP: 275146AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $357423.19    | 0.00%             | 2028-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Grand Rapids Economic Development Corp. (Clark Retirement Community, Inc.)                                                                       | Grand Rapids Economic Development Corp. (Clark Retirement Community, Inc.), Series 2019 B, RB                                                          | CUSIP: 38625KAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1726350.62   | 0.02%             | 2027-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lewistown (City of), VA Commerce Center Community Development Authority                                                                          | Lewistown (City of), VA Commerce Center Community Development Authority, Series 2014 A, RB                                                             | CUSIP: 528734AH9<br>LEI: 549300MSZIULDEAC1046 | Long             | DBT              | MUN               | US        |    890442 | PA      | $604580.05    | 0.01%             | 2044-03-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Founders Academy of Las Vegas)                                                                    | Wisconsin (State of) Public Finance Authority (Founders Academy of Las Vegas), Series 2023, RB                                                         | CUSIP: 744396JG8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    550000 | PA      | $558333.82    | 0.01%             | 2058-07-01      | Fixed         | 6.75%                 | 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 2022, RB                                             | CUSIP: 018444CA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3470000 | PA      | $3418787.31   | 0.04%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Bay Community Development District                                                                                                         | South Bay Community Development District, Series 2005 A-1, Ref. RB                                                                                     | CUSIP: 836454AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4975000 | PA      | $4975393.52   | 0.05%             | 2036-05-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Memphis (City of), TN                                                                                                                            | Memphis (City of), TN, Series 2018, GO Bonds                                                                                                           | CUSIP: 586145U69<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |  10765000 | PA      | $9688971.51   | 0.11%             | 2047-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                                                                                      | Ohio Higher Educational Facility Commission, Series 2025, RB                                                                                           | CUSIP: 67756DY59<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   2645000 | PA      | $2565753.68   | 0.03%             | 2057-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Port Authority                                                                                                   | Massachusetts (Commonwealth of) Port Authority, Series 2021 E, RB                                                                                      | CUSIP: 575896YJ8<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $14941333.50  | 0.16%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas City Independent School District                                                                                                           | Texas City Independent School District, Series 2023, GO Bonds                                                                                          | CUSIP: 882270XV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2241857.75   | 0.02%             | 2048-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Galveston (City of), TX                                                                                                                          | Galveston (City of), TX, Series 2014, RB                                                                                                               | CUSIP: 364542AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $644965.94    | 0.01%             | 2028-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  35331843 | PA      | $37827596.06  | 0.41%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2013 A, RB                                                                              | CUSIP: 74526QA85<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    480000 | PA      | $263400.00    | 0.00%             | 2040-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| San Antonio (City of), TX                                                                                                                        | San Antonio (City of), TX, Series 2023 A, Ref. RB                                                                                                      | CUSIP: 79625GGS6<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   5050000 | PA      | $5267502.49   | 0.06%             | 2046-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Public Service Authority (Santee Cooper)                                                                               | South Carolina (State of) Public Service Authority (Santee Cooper), Series 2024 B, Ref. RB                                                             | CUSIP: 8371515A3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |  18885000 | PA      | $19178336.93  | 0.21%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (Cottage View Terrace Apartments)                                                                                          | Chicago (City of), IL (Cottage View Terrace Apartments), Series 2000 A, RB                                                                             | CUSIP: 167570JK7<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30004.01     | 0.00%             | 2042-02-20      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Penrith Park Metropolitan District                                                                                                               | Penrith Park Metropolitan District, Series 2025, GO Bonds                                                                                              | CUSIP: 70935PAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1058000 | PA      | $1060061.62   | 0.01%             | 2054-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Southside Community Facilities District No. 1                                                                                                    | Southside Community Facilities District No. 1, Series 2008, RB                                                                                         | CUSIP: 84472AAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    794000 | PA      | $732745.76    | 0.01%             | 2032-07-01      | Fixed         | 7.25%                 | No            |                  3 | On Loan: No      |
| California (State of) Infrastructure & Economic Development Bank (Brightline West Passenger Rail) (Green Bonds)                                  | California (State of) Infrastructure & Economic Development Bank (Brightline West Passenger Rail) (Green Bonds), Series 2025 B, Ref. RB                | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  64355000 | PA      | $62377480.25  | 0.68%             | 2035-01-01      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| Trails Metropolitan District                                                                                                                     | Trails Metropolitan District, Series 2021, GO Bonds                                                                                                    | CUSIP: 89287GAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6999000 | PA      | $5683836.81   | 0.06%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Marion IL Sales Tax Revenue                                                                                                              | City of Marion IL Sales Tax Revenue, Series 2025, RB                                                                                                   | CUSIP: 569498AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25515000 | PA      | $25225284.83  | 0.27%             | 2055-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| San Antonio Education Facilities Corp.                                                                                                           | San Antonio Education Facilities Corp., Series 2025, RB                                                                                                | CUSIP: 796247EZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6400000 | PA      | $6141459.84   | 0.07%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                                             | Chicago (City of), IL (O'Hare International Airport), Series 2024 A, RB                                                                                | CUSIP: 1675934T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16860000 | PA      | $17378234.25  | 0.19%             | 2059-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Oakwood Estates and Stonebrooke)                                                                  | Wisconsin (State of) Public Finance Authority (Oakwood Estates and Stonebrooke), Series 2024, RB                                                       | CUSIP: 74442PG82<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $4715311.90   | 0.05%             | 2030-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Windler Public Improvement Authority                                                                                                             | Windler Public Improvement Authority, Series 2021 A-1, RB                                                                                              | CUSIP: 973405AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3872148.50   | 0.04%             | 2051-12-01      | Fixed         | 4.12%                 | 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        |   9655000 | PA      | $9105212.44   | 0.10%             | 2040-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority                                                                                                            | Illinois (State of) Finance Authority, Series 2017, Ref. RB                                                                                            | CUSIP: 45204EA73<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2782350 | PA      | $22258.80     | 0.00%             | 2045-02-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Clawson Public Schools                                                                                                                           | Clawson Public Schools, Series 2024, Ref. GO Bonds                                                                                                     | CUSIP: 183061EH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3575000 | PA      | $3732479.82   | 0.04%             | 2053-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Irvington Community School)                                                                                | Indiana (State of) Finance Authority (Irvington Community School), Series 2018 A, Ref. RB                                                              | CUSIP: 45506DP90<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1138753.12   | 0.01%             | 2048-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights)                                                                       | Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights), Series 2017 A, Ref. RB                                                     | CUSIP: 497609BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $3405884.76   | 0.04%             | 2050-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mashantucket Western Pequot Tribe                                                                                                                | Mashantucket Western Pequot Tribe, Series 2013, RB                                                                                                     | CUSIP: 574757CH1<br>LEI: 549300G9L0I436CFM593 | Long             | DBT              | MUN               | US        |  13420004 | PA      | $3086600.92   | 0.03%             | 2031-07-01      | Fixed         | 6.05%                 | 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        |  16345000 | PA      | $16468687.52  | 0.18%             | 2042-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District (Palm Grove)                                                                                                 | Lakewood Ranch Stewardship District (Palm Grove), Series 2024, RB                                                                                      | CUSIP: 51265KFZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $721945.49    | 0.01%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                                                                                   | Buckeye Tobacco Settlement Financing Authority, Series 2020 B-3, Ref. RB                                                                               | CUSIP: 118217DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 100000000 | PA      | $9628260.00   | 0.10%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clark (County of), NV (Special Improvement District No. 128)                                                                                     | Clark (County of), NV (Special Improvement District No. 128), Series 2007 A, RB                                                                        | CUSIP: 181003HY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $215391.13    | 0.00%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                                                           | California Municipal Finance Authority, Series 2025, RB                                                                                                | CUSIP: 13050WAA9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  19250000 | PA      | $17158653.05  | 0.19%             | 2041-02-20      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| Woodmen Heights Metropolitan District No. 2                                                                                                      | Woodmen Heights Metropolitan District No. 2, Series 2020 B-1, Ref. GO Bonds                                                                            | CUSIP: 979841AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1709000 | PA      | $1642067.70   | 0.02%             | 2040-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Valley Christian Schools)                                                             | Maricopa (County of), AZ Industrial Development Authority (Valley Christian Schools), Series 2023, RB                                                  | CUSIP: 56678RAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1824504.32   | 0.02%             | 2043-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kokomo (City of), IN (Silver Birch at KOKOMO)                                                                                                    | Kokomo (City of), IN (Silver Birch at KOKOMO), Series 2017, RB                                                                                         | CUSIP: 500364AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $837208.80    | 0.01%             | 2034-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Transit System                                                                                                        | Miami-Dade (County of), FL Transit System, Series 2018, RB                                                                                             | CUSIP: 59334PGQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $9910120.00   | 0.11%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bulloch (County of), GA Development Authority (Statesboro Steam Academy)                                                                         | Bulloch (County of), GA Development Authority (Statesboro Steam Academy), Series 2024, RB                                                              | CUSIP: 12033DAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1688663.73   | 0.02%             | 2064-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| North Parkway Municipal Management District No. 1                                                                                                | North Parkway Municipal Management District No. 1, Series 2021, RB                                                                                     | CUSIP: 66144PAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $802490.20    | 0.01%             | 2051-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Social Certificates)                                                                           | Washington (State of) Housing Finance Commission (Social Certificates), Series 2021-1A, Revenue Ctfs.                                                  | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    316858 | PA      | $294201.35    | 0.00%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Hideout (Town of), UT Local District No. 1                                                                                                       | Hideout (Town of), UT Local District No. 1, Series 2014, RB                                                                                            | CUSIP: 42953AAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $611341.15    | 0.01%             | 2034-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                                                                                         | Sterling Ranch Community Authority Board, Series 2024 B, Ref. RB                                                                                       | CUSIP: 85950NAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $926168.14    | 0.01%             | 2054-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Sierra (City of), AZ Vista Industrial Development Authority (American Leadership Academy Project)                                                | Sierra (City of), AZ Vista Industrial Development Authority (American Leadership Academy Project), Series 2024, RB                                     | CUSIP: 82652UAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $639806.74    | 0.01%             | 2059-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                                                  | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                                  | CUSIP: 340618DV6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  29285000 | PA      | $28817163.34  | 0.31%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of)                                                                                                                  | Massachusetts (Commonwealth of), Series 2022 E, GO Bonds                                                                                               | CUSIP: 57582R2F2<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  27815000 | PA      | $28194388.26  | 0.31%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Merrillville (Town of), IN (Belvedere Housing)                                                                                                   | Merrillville (Town of), IN (Belvedere Housing), Series 2016, RB                                                                                        | CUSIP: 590250AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4965000 | PA      | $4636219.69   | 0.05%             | 2036-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Baltimore (City of), MD (Convention Center Hotel)                                                                                                | Baltimore (City of), MD (Convention Center Hotel), Series 2017, Ref. RB                                                                                | CUSIP: 05921PCC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3525000 | PA      | $3528726.28   | 0.04%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL                                                                                                                              | Lee (County of), FL, Series 2021 B, RB                                                                                                                 | CUSIP: 523470HJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8357059.00   | 0.09%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hyde Park Community Development District No. 1                                                                                                   | Hyde Park Community Development District No. 1, Series 2024 A, RB                                                                                      | CUSIP: 448642AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $401466.03    | 0.00%             | 2044-05-01      | Fixed         | 5.35%                 | 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        |  23220000 | PA      | $23133268.66  | 0.25%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (P.L.C. Charter Schools)                                                             | Pima (County of), AZ Industrial Development Authority (The) (P.L.C. Charter Schools), Series 2016, Ref. RB                                             | CUSIP: 72177MRM1<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   3315000 | PA      | $3325891.76   | 0.04%             | 2036-12-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Green Gables Metropolitan District No. 2                                                                                                         | Green Gables Metropolitan District No. 2, Series 2023 B, GO Notes                                                                                      | CUSIP: 39305PAT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2983000 | PA      | $3032663.37   | 0.03%             | 2053-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Baltimore (City of), MD (Centerwest Development)                                                                                                 | Baltimore (City of), MD (Centerwest Development), Series 2017 A, RB                                                                                    | CUSIP: 05923TBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1053367.15   | 0.01%             | 2036-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Avenir Community Development District (Assessment Area No. 3 - Master Infrastructure)                                                            | Avenir Community Development District (Assessment Area No. 3 - Master Infrastructure), Series 2023, RB                                                 | CUSIP: 05357JAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3230000 | PA      | $3213282.17   | 0.03%             | 2054-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Clackamas (County of), OR Hospital Facility Authority (Rose Villa)                                                                               | Clackamas (County of), OR Hospital Facility Authority (Rose Villa), Series 2020 A, Ref. RB                                                             | CUSIP: 179027YM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $916540.70    | 0.01%             | 2050-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tern Bay Community Development District                                                                                                          | Tern Bay Community Development District, Series 2005 A, RB                                                                                             | CUSIP: 880889AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $485252.01    | 0.01%             | 2037-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Aurora Integrated Oncology Foundation)                                                            | Wisconsin (State of) Public Finance Authority (Aurora Integrated Oncology Foundation), Series 2023, RB                                                 | CUSIP: 74442PB61<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  13500000 | PA      | $15293136.15  | 0.17%             | 2038-11-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Central Florida Preparatory School Project)                                                                             | Capital Trust Authority (Central Florida Preparatory School Project), Series 2024, RB                                                                  | CUSIP: 14054WAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14795000 | PA      | $14555458.59  | 0.16%             | 2054-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                         | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74439YFV8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994974.60    | 0.01%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Broward (County of), FL                                                                                                                          | Broward (County of), FL, Series 2017, RB                                                                                                               | CUSIP: 114894XU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8205000 | PA      | $8056743.86   | 0.09%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (Paideia Academies (The))                                                                  | Pima (County of), AZ Industrial Development Authority (Paideia Academies (The)), Series 2019, RB                                                       | CUSIP: 72177MRY5<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    810000 | PA      | $718305.00    | 0.01%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Harrison (County of), WV Commission (Charles Pointe No. 2)                                                                                       | Harrison (County of), WV Commission (Charles Pointe No. 2), Series 2013, Ref. RB                                                                       | CUSIP: 41525AAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27145000 | PA      | $13572500.00  | 0.15%             | 2035-06-01      | Fixed         | 7.00%                 | 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        |     11000 | PA      | $9343.04      | 0.00%             | 2029-07-01      | None          | 0.00%                 | 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 2023, RB             | CUSIP: 61022CAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $974573.65    | 0.01%             | 2043-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Tuloso-Midway Independent School District/TX                                                                                                     | Tuloso-Midway Independent School District/TX, Series 2025, GO Bonds                                                                                    | CUSIP: 899474YU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16710000 | PA      | $17414543.73  | 0.19%             | 2050-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hays (County of), TX (La Cima Public Improvement District)                                                                                       | Hays (County of), TX (La Cima Public Improvement District), Series 2022, RB                                                                            | CUSIP: 420894AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3402679.26   | 0.04%             | 2052-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                                                                                             | Mida Mountain Village Public Infrastructure District, Series 2024-1, RB                                                                                | CUSIP: 59561UAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2558898.93   | 0.03%             | 2054-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Hillsborough (County of), FL Industrial Development Authority (Baycare Health System)                                                            | Hillsborough (County of), FL Industrial Development Authority (Baycare Health System), Series 2024 C, Ref. RB                                          | CUSIP: 43233KAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21985000 | PA      | $22754134.23  | 0.25%             | 2049-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wayne (County of), MI                                                                                                                            | Wayne (County of), MI, Series 1999, RB                                                                                                                 | CUSIP: 944315AP5<br>LEI: 549300CSQIJYQ8CCLN32 | Long             | DBT              | MUN               | US        |  12900000 | PA      | $12919495.77  | 0.14%             | 2029-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 TT, RB                                                                             | CUSIP: 74526QKS0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     15000 | PA      | $8193.75      | 0.00%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aubrey (City of), TX (Aubrey Public Improvement District No. 1)                                                                                  | Aubrey (City of), TX (Aubrey Public Improvement District No. 1), Series 2023, RB                                                                       | CUSIP: 050197AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1014560.51   | 0.01%             | 2043-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Downtown East Streetcar Sewer Public Infrastructure District                                                                                     | Downtown East Streetcar Sewer Public Infrastructure District, Series 2022 B, GO Bonds                                                                  | CUSIP: 261151AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1239000 | PA      | $1192369.99   | 0.01%             | 2053-03-15      | Fixed         | 9.00%                 | 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: 343572AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3099668.30   | 0.03%             | 2033-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                 | New York & New Jersey (States of) Port Authority, Series 2020 221, RB                                                                                  | CUSIP: 73358W5V2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |  15590000 | PA      | $12525723.14  | 0.14%             | 2060-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Warren (County of), OH Port Authority                                                                                                            | Warren (County of), OH Port Authority, Series 2019 D, RB                                                                                               | CUSIP: 93516RAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3670000 | PA      | $3306632.20   | 0.04%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St. Vrain Lakes Metropolitan District No. 2                                                                                                      | St. Vrain Lakes Metropolitan District No. 2, Series 2024 B, Ref. GO Bonds                                                                              | CUSIP: 85236GBA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002288.70   | 0.01%             | 2054-11-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| California (State of) Housing Finance Agency                                                                                                     | California (State of) Housing Finance Agency, Series 2019 A, RB                                                                                        | CUSIP: 13033DAA3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |     51853 | PA      | $52096.03     | 0.00%             | 2035-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Highway 380 Municipal Management District No. 1                                                                                                  | Highway 380 Municipal Management District No. 1, Series 2022, GO Bonds                                                                                 | CUSIP: 43124ANY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2355000 | PA      | $2112584.31   | 0.02%             | 2044-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tailholt Metropolitan District No. 3                                                                                                             | Tailholt Metropolitan District No. 3, Series 2024 A-2, Ref. GO Bonds                                                                                   | CUSIP: 87402WAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5920000 | PA      | $4253454.29   | 0.05%             | 2054-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Viera Charter Schools, Inc.)                                                                                         | Capital Trust Agency, Inc. (Viera Charter Schools, Inc.), Series 2017 A, RB                                                                            | CUSIP: 14054CAL3<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1020867.76   | 0.01%             | 2047-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Water Development Board                                                                                                         | Texas (State of) Water Development Board, Series 2021, RB                                                                                              | CUSIP: 8828546K3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $12482970.00  | 0.14%             | 2056-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Coastal Ridge Community Development District                                                                                                     | Coastal Ridge Community Development District, Series 2025, RB                                                                                          | CUSIP: 19052TAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2193022.48   | 0.02%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                                                                                | Oregon State Facilities Authority, Series 2025, RB                                                                                                     | CUSIP: 68607AAQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $790668.38    | 0.01%             | 2055-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Cottonwood (City of), MN (Extreme Holdings LLC)                                                                                                  | Cottonwood (City of), MN (Extreme Holdings LLC), Series 2021 A, RB                                                                                     | CUSIP: 22188TAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6630000 | PA      | $5122920.11   | 0.06%             | 2050-12-01      | 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        |    400000 | PA      | $403793.44    | 0.00%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Central Vermont Telecommunications District                                                                                                 | East Central Vermont Telecommunications District, Series 2018 A, RB                                                                                    | CUSIP: 271524AR1<br>LEI: 549300UHVQS0JED3EZ33 | Long             | DBT              | MUN               | US        |    960000 | PA      | $881597.95    | 0.01%             | 2043-12-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                                             | Chicago (City of), IL (O'Hare International Airport), Series 2022 A, RB                                                                                | CUSIP: 167593Y22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11140000 | PA      | $11106682.49  | 0.12%             | 2053-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tustin Unified School District                                                                                                                   | Tustin Unified School District, Series 2025, GO Bonds                                                                                                  | CUSIP: 901070EX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3945000 | PA      | $3541791.81   | 0.04%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                                                                                             | Triborough Bridge & Tunnel Authority, Subseries 2023 B-1, RB                                                                                           | CUSIP: 89602RKV6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  34565000 | PA      | $35741727.40  | 0.39%             | 2053-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Housing Development Authority (Stonebridge of Gurnee)                                                                        | Illinois (State of) Housing Development Authority (Stonebridge of Gurnee), Series 2016 A, RB                                                           | CUSIP: 45203LCJ0<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1532807.96   | 0.02%             | 2046-01-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No 48J Beaverton                                                                                 | Washington & Multnomah Counties School District No 48J Beaverton, Series 2025, GO Bonds                                                                | CUSIP: 9384292S5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $905720.00    | 0.01%             | 2045-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hanover (County of), VA Economic Development Authority (Covenant Woods)                                                                          | Hanover (County of), VA Economic Development Authority (Covenant Woods), Series 2018, Ref. RB                                                          | CUSIP: 41077CAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5190000 | PA      | $4624237.58   | 0.05%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Endeavour Hall)                                                                                | Utah (State of) Charter School Finance Authority (Endeavour Hall), Series 2012, RB                                                                     | CUSIP: 91754TEA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3870000 | PA      | $3820577.78   | 0.04%             | 2042-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Woodlands at Greystone)                                                                | Chester (County of), PA Industrial Development Authority (Woodlands at Greystone), Series 2018, RB                                                     | CUSIP: 16559WAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    748000 | PA      | $678022.51    | 0.01%             | 2048-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Cambridge Student Housing Financing Co. L.P.                                                                                                     | Cambridge Student Housing Financing Co. L.P., Series 2004 C, Revenue Ctfs.                                                                             | CUSIP: 13251PAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4501820 | PA      | $900.36       | 0.00%             | 2039-11-01      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| Baltimore (City of), MD (Convention Center Hotel)                                                                                                | Baltimore (City of), MD (Convention Center Hotel), Series 2017, Ref. RB                                                                                | CUSIP: 05921PCA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1110529.75   | 0.01%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Villa St. Benedict)                                                                                       | Illinois (State of) Finance Authority (Villa St. Benedict), Series 2015, Ref. RB                                                                       | CUSIP: 45203H3M2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4402557.28   | 0.05%             | 2043-11-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Millers Landing Business Improvement District                                                                                                    | Millers Landing Business Improvement District, Series 2018 A, RB                                                                                       | CUSIP: 600681AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7715000 | PA      | $7069019.96   | 0.08%             | 2048-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Revere at Johnstown Metropolitan District No. 3                                                                                                  | Revere at Johnstown Metropolitan District No. 3, Series 2024 A, GO Bonds                                                                               | CUSIP: 761401AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2337000 | PA      | $2290056.21   | 0.02%             | 2053-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (The Freedom Academy Foundation)                                                                | Utah (State of) Charter School Finance Authority (The Freedom Academy Foundation), Series 2017, Ref. RB                                                | CUSIP: 91754TUX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11415000 | PA      | $10087026.84  | 0.11%             | 2048-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Norfolk (City of), VA Redevelopment & Housing Authority (Fort Norfolk Retirement Community, Inc. - Harbor's Edge)                                | Norfolk (City of), VA Redevelopment & Housing Authority (Fort Norfolk Retirement Community, Inc. - Harbor's Edge), Series 2019 A, RB                   | CUSIP: 655909CN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17350000 | PA      | $14832338.03  | 0.16%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ledge Rock Center Residential Metropolitan District No. 1                                                                                        | Ledge Rock Center Residential Metropolitan District No. 1, Series 2024 B, GO Bonds                                                                     | CUSIP: 523279AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $604637.46    | 0.01%             | 2054-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Expressway Authority                                                                                                  | Miami-Dade (County of), FL Expressway Authority, Series 2010 A, RB                                                                                     | CUSIP: 59334KFW3<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |   8420000 | PA      | $8419661.52   | 0.09%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Kendal at Ventura)                                                                               | California (State of) Public Finance Authority (Kendal at Ventura), Series 2023 A-C, RB                                                                | CUSIP: 13057GAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3728227.20   | 0.04%             | 2028-05-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                                       | Texas (State of) Transportation Commission, Series 2019, RB                                                                                            | CUSIP: 88283NAR3<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   2240000 | PA      | $746504.42    | 0.01%             | 2046-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2019, RB                                                                                         | CUSIP: 74442EEH9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    455000 | PA      | $402270.82    | 0.00%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                                       | Metropolitan Washington Airports Authority, Series 2016 A, Ref. RB                                                                                     | CUSIP: 592647DB4<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |  11530000 | PA      | $11345794.41  | 0.12%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma (County of), OK Finance Authority (Astec)                                                                                               | Oklahoma (County of), OK Finance Authority (Astec), Series 2024, RB                                                                                    | CUSIP: 67868WAC3<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2362775.09   | 0.03%             | 2054-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Rocketship Education)                                                                            | California (State of) School Finance Authority (Rocketship Education), Series 2017 A, RB                                                               | CUSIP: 13058TEV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $612126.91    | 0.01%             | 2052-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                                                  | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                                  | CUSIP: 340618DQ7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  18710000 | PA      | $17191225.11  | 0.19%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                         | Chicago (City of), IL Board of Education, Series 2016 A, Ref. GO Bonds                                                                                 | CUSIP: 167505QY5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7044385.60   | 0.08%             | 2044-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Milestones Charter School Refunding)                                                | Pima (County of), AZ Industrial Development Authority (The) (Milestones Charter School Refunding), Series 2017 A, Ref. RB                              | CUSIP: 72177PBV1<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   5530000 | PA      | $5244881.50   | 0.06%             | 2047-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Kenton County Airport Board                                                                                                                      | Kenton County Airport Board, Series 2024, RB                                                                                                           | CUSIP: 491026WK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7755000 | PA      | $7828168.43   | 0.08%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Advanced Technology Academy                                                                                                                      | Advanced Technology Academy, Series 2019, Ref. RB                                                                                                      | CUSIP: 00766SAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1089113.26   | 0.01%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Forks (County of), ND (Green Bonds)                                                                                                        | Grand Forks (County of), ND (Green Bonds), Series 2021, RB                                                                                             | CUSIP: 38543PAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23500000 | PA      | $235.00       | 0.00%             | 2043-12-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The))                                                                | New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The)), Series 2022 A, RB                                                   | CUSIP: 64542UGH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16160000 | PA      | $15322184.80  | 0.17%             | 2057-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Yamhill (County of), OR Hospital Authority (Friendsview)                                                                                         | Yamhill (County of), OR Hospital Authority (Friendsview), Series 2021 A, Ref. RB                                                                       | CUSIP: 98464UAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1298696.63   | 0.01%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No 48J Beaverton                                                                                 | Washington & Multnomah Counties School District No 48J Beaverton, Series 2025, GO Bonds                                                                | CUSIP: 9384292T3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3660000 | PA      | $1251997.43   | 0.01%             | 2046-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rudolph Farms Metropolitan District No. 6                                                                                                        | Rudolph Farms Metropolitan District No. 6, Series 2022 A, GO Bonds                                                                                     | CUSIP: 78128QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23575000 | PA      | $21704264.81  | 0.24%             | 2052-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Dominion Water & Sanitation District                                                                                                             | Dominion Water & Sanitation District, Series 2022, Ref. RB                                                                                             | CUSIP: 25755AAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20032484.00  | 0.22%             | 2052-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                                                            | New York (City of), NY Transitional Finance Authority, Series 2023 F-1, RB                                                                             | CUSIP: 64971X7H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9500000 | PA      | $8354329.45   | 0.09%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Little Elm (Town of), TX (Valencia Public Improvement District No. 2)                                                                            | Little Elm (Town of), TX (Valencia Public Improvement District No. 2), Series 2022, RB                                                                 | CUSIP: 537098BY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2758722.57   | 0.03%             | 2052-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Plano (City of), TX                                                                                                                              | Plano (City of), TX, Series 2023, RB                                                                                                                   | CUSIP: 727220AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1808890.43   | 0.02%             | 2043-09-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| East Central Vermont Telecommunications District                                                                                                 | East Central Vermont Telecommunications District, Series 2019 A, RB                                                                                    | CUSIP: 271524AU4<br>LEI: 549300UHVQS0JED3EZ33 | Long             | DBT              | MUN               | US        |   4330000 | PA      | $3498330.41   | 0.04%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Heron's Key Senior Living)                                                                     | Washington (State of) Housing Finance Commission (Heron's Key Senior Living), Series 2015 A, RB                                                        | CUSIP: 939783SG2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002529.60   | 0.01%             | 2025-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                                              | Metropolitan Transportation Authority (Green Bonds), Series 2024 A, Ref. RB                                                                            | CUSIP: 59261A2J5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20508850.00  | 0.22%             | 2049-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Million Air Three LLC General Aviation Facilities)                                                | Wisconsin (State of) Public Finance Authority (Million Air Three LLC General Aviation Facilities), Series 2024, Ref. RB                                | CUSIP: 74446DAM0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4050888.40   | 0.04%             | 2046-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency                                                                                            | Pennsylvania (Commonwealth of) Housing Finance Agency, Series 2018, RB                                                                                 | CUSIP: 708797AN5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |     12229 | PA      | $11508.20     | 0.00%             | 2035-08-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QAT7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    151210 | PA      | $2406.52      | 0.00%             | 2056-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport)                                                   | Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport), Series 2020, RB                                        | CUSIP: 48504NCG2<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   5400000 | PA      | $4711772.16   | 0.05%             | 2045-03-01      | Fixed         | 4.00%                 | 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        |  11680000 | PA      | $11175853.82  | 0.12%             | 2026-07-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Home Place Metropolitan District                                                                                                                 | Home Place Metropolitan District, Series 2020 A, GO Bonds                                                                                              | CUSIP: 43733YAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2306764.75   | 0.03%             | 2050-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                                       | Texas (State of) Transportation Commission, Series 2019, RB                                                                                            | CUSIP: 88283NAW2<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1254300.50   | 0.01%             | 2051-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sheridan Station West Metropolitan District                                                                                                      | Sheridan Station West Metropolitan District, Series 2022 B3, GO Bonds                                                                                  | CUSIP: 823839AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1614000 | PA      | $1622263.20   | 0.02%             | 2051-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Independence (City of), MN (Spero Academy)                                                                                                       | Independence (City of), MN (Spero Academy), Series 2021 B, RB                                                                                          | CUSIP: 45362RAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $434777.24    | 0.00%             | 2028-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Agricultural & Economic Development Board (Healthpartners Obligated Group)                                                             | Minnesota Agricultural & Economic Development Board (Healthpartners Obligated Group), Series 2024, RB                                                  | CUSIP: 6049203E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11400000 | PA      | $11445262.56  | 0.12%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2008 WW, RB                                                                             | CUSIP: 74526QVA7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    390000 | PA      | $213037.50    | 0.00%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  15785005 | PA      | $16546713.57  | 0.18%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Painted Prairie Public Improvement Authority                                                                                                     | Painted Prairie Public Improvement Authority, Series 2019, RB                                                                                          | CUSIP: 69578NAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $15176767.00  | 0.16%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Portland (Port of), OR (Portland International Airport)                                                                                          | Portland (Port of), OR (Portland International Airport), Series 2022 28, RB                                                                            | CUSIP: 7352402S1<br>LEI: 549300BRH7XZ3ZK0DS46 | Long             | DBT              | MUN               | US        |  30000000 | PA      | $29351115.00  | 0.32%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pine View Public Infrastructure District No. 1                                                                                                   | Pine View Public Infrastructure District No. 1, Series 2021 A, GO Bonds                                                                                | CUSIP: 72302MAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12952000 | PA      | $10204648.96  | 0.11%             | 2051-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oquirrh Point Public Infrastructure District No. 1                                                                                               | Oquirrh Point Public Infrastructure District No. 1, Series 2024 B, GO Bonds                                                                            | CUSIP: 68406AAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1045493.04   | 0.01%             | 2055-03-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Teaneck Community Charter School)                                                          | New Jersey (State of) Economic Development Authority (Teaneck Community Charter School), Series 2017 A, Ref. RB                                        | CUSIP: 645912ED4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2055000 | PA      | $1940672.13   | 0.02%             | 2052-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Willow Bend Metropolitan District                                                                                                                | Willow Bend Metropolitan District, Series 2019 B, GO Bonds                                                                                             | CUSIP: 97111VAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $755305.93    | 0.01%             | 2049-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Viera Charter Schools, Inc.)                                                                                         | Capital Trust Agency, Inc. (Viera Charter Schools, Inc.), Series 2017 A, RB                                                                            | CUSIP: 14054CAM1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    755000 | PA      | $681845.26    | 0.01%             | 2052-10-15      | 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: 19648FTH7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2172808.50   | 0.02%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                         | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74439YFZ9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    815000 | PA      | $813384.83    | 0.01%             | 2055-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| I-470 Western Gateway Transportation Development District                                                                                        | I-470 Western Gateway Transportation Development District, Series 2019 A, RB                                                                           | CUSIP: 44952RAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4681556.04   | 0.05%             | 2048-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Millers Landing Business Improvement District                                                                                                    | Millers Landing Business Improvement District, Series 2018 B, RB                                                                                       | CUSIP: 600681AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $1992038.57   | 0.02%             | 2048-12-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                                                                                           | Triborough Bridge & Tunnel Authority Sales Tax Revenue, Series 2024, RB                                                                                | CUSIP: 896035DQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  29825000 | PA      | $30894005.55  | 0.34%             | 2064-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Du Page (County of), IL Special Service Area No. 31 (Monarch Landing, Inc.)                                                                      | Du Page (County of), IL Special Service Area No. 31 (Monarch Landing, Inc.), Series 2006, RB                                                           | CUSIP: 26350TAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $682328.97    | 0.01%             | 2036-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| North Central Texas Housing Finance Corp. (Village of Kaufman Apartments)                                                                        | North Central Texas Housing Finance Corp. (Village of Kaufman Apartments), Series 2012, RB                                                             | CUSIP: 658904BQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1524750.00   | 0.02%             | 2029-01-01      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| San Antonio (City of), TX                                                                                                                        | San Antonio (City of), TX, Series 2023 A, Ref. RB                                                                                                      | CUSIP: 79625GGT4<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10564398.00  | 0.11%             | 2050-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 XX, RB                                                                             | CUSIP: 74526QWC2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     10000 | PA      | $5487.50      | 0.00%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds)                                 | New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds), Series 2023, RB                      | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15895000 | PA      | $16674292.11  | 0.18%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Kepler Neighborhood School)                                                                      | California (State of) School Finance Authority (Kepler Neighborhood School), Series 2017 A, RB                                                         | CUSIP: 13058TEX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $175347.27    | 0.00%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                                       | Metropolitan Washington Airports Authority, Series 2021 A, Ref. RB                                                                                     | CUSIP: 592647KN0<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |  15800000 | PA      | $13284396.68  | 0.14%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (Intermountain Healthcare)                                                                       | Colorado (State of) Health Facilities Authority (Intermountain Healthcare), Series 2022 A, Ref. RB                                                     | CUSIP: 19648FVJ0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   7605000 | PA      | $6544102.50   | 0.07%             | 2052-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Glen Retirement System)                        | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Glen Retirement System), Series 2019 A, RB           | CUSIP: 54628DAL4<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $7942504.80   | 0.09%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Brainerd MN                                                                                                                              | City of Brainerd MN, Series 2025, RB                                                                                                                   | CUSIP: 10501DAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3130000 | PA      | $3053821.75   | 0.03%             | 2050-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Floyd (County of), GA Development Authority (The Spires at Berry College)                                                                        | Floyd (County of), GA Development Authority (The Spires at Berry College), Series 2018 A, RB                                                           | CUSIP: 343572AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19530000 | PA      | $18380243.51  | 0.20%             | 2048-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Lochbuie Station Residential Metropolitan District                                                                                               | Lochbuie Station Residential Metropolitan District, Series 2024 B, GO Bonds                                                                            | CUSIP: 53958UAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    536000 | PA      | $532203.78    | 0.01%             | 2044-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| DeSoto (City of), TX (Danieldale Homestead)                                                                                                      | DeSoto (City of), TX (Danieldale Homestead), Series 2023, RB                                                                                           | CUSIP: 241725AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1450102.95   | 0.02%             | 2050-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Carlton Lakes Community Development District                                                                                                     | Carlton Lakes Community Development District, Series 2015, RB                                                                                          | CUSIP: 143024AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1862704.37   | 0.02%             | 2047-11-01      | Fixed         | 5.75%                 | 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        |   2750000 | PA      | $2760256.40   | 0.03%             | 2046-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                                    | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 A, RB                                       | CUSIP: 79766DMB2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  90485000 | PA      | $89297637.73  | 0.97%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (Northwell Health Obligated Group)                                                                       | New York (State of) Dormitory Authority (Northwell Health Obligated Group), Series 2024, Ref. RB                                                       | CUSIP: 65000B6L7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  20270000 | PA      | $16884508.65  | 0.18%             | 2054-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tulsa (City of), OK Authority for Economic Opportunity (Vast Bank)                                                                               | Tulsa (City of), OK Authority for Economic Opportunity (Vast Bank), Series 2021, RB                                                                    | CUSIP: 899650AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2385000 | PA      | $1995693.11   | 0.02%             | 2043-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QAQ3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    163176 | PA      | $3116.60      | 0.00%             | 2053-01-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Lake (County of), FL (Imagine South Lake Charter School Program)                                                                                 | Lake (County of), FL (Imagine South Lake Charter School Program), Series 2019, RB                                                                      | CUSIP: 50825CAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $718393.80    | 0.01%             | 2049-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Marion IL Sales Tax Revenue                                                                                                              | City of Marion IL Sales Tax Revenue, Series 2025, RB                                                                                                   | CUSIP: 569498AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986688.90    | 0.01%             | 2045-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Better Waterworks, Inc.)                       | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Better Waterworks, Inc.), Series 2018 A, RB          | CUSIP: 546284AD2<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1052148.13   | 0.01%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.)                                                                | New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.), Series 2000 B, RB                                                   | CUSIP: 64578CBW0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   8550000 | PA      | $8554450.28   | 0.09%             | 2030-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Ellis County Unified School District No. 489 Hays                                                                                                | Ellis County Unified School District No. 489 Hays, Series 2022 B, Ref. GO Bonds                                                                        | CUSIP: 288695EX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2136461.50   | 0.02%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                                                                        | Indiana Finance Authority, Series 2025, RB                                                                                                             | CUSIP: 45471FBK6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3606075.38   | 0.04%             | 2060-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Municipal Water Finance Authority                                                                                         | New York (City of), NY Municipal Water Finance Authority, Series 2022 CC-1, RB                                                                         | CUSIP: 64972GZS6<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  21210000 | PA      | $21469854.32  | 0.23%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights)                                                                       | Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights), Series 2017 A, Ref. RB                                                     | CUSIP: 497609BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1955000 | PA      | $1867150.32   | 0.02%             | 2037-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Woodlands at Greystone)                                                                | Chester (County of), PA Industrial Development Authority (Woodlands at Greystone), Series 2018, RB                                                     | CUSIP: 16559WAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    358000 | PA      | $344812.25    | 0.00%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Villages of Avignon Community Development District (The)                                                                                         | Villages of Avignon Community Development District (The), Series 2007 A, RB                                                                            | CUSIP: 05369PAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $37750.00     | 0.00%             | 2037-05-01      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| New York (State of) Thruway Authority (Bidding Group 4)                                                                                          | New York (State of) Thruway Authority (Bidding Group 4), Series 2021 A-1, Ref. RB                                                                      | CUSIP: 650028XQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  37075000 | PA      | $31401698.23  | 0.34%             | 2054-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (Volunteers of America Care)                                                                     | Colorado (State of) Health Facilities Authority (Volunteers of America Care), Series 2007 A, RB                                                        | CUSIP: 196475AH0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    130000 | PA      | $130211.69    | 0.00%             | 2037-07-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Columbus (City of), IN (Vivera Senior Living)                                                                                                    | Columbus (City of), IN (Vivera Senior Living), Series 2019, RB                                                                                         | CUSIP: 19924PAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11715000 | PA      | $10515011.46  | 0.11%             | 2039-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Essex (County of), NJ Improvement Authority (559 Broad/Hazelwood)                                                                                | Essex (County of), NJ Improvement Authority (559 Broad/Hazelwood), Series 2020 A, RB                                                                   | CUSIP: 29681CAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1166198.85   | 0.01%             | 2060-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Higher Educational Facility Commission (Hiram College)                                                                           | Ohio (State of) Higher Educational Facility Commission (Hiram College), Series 2015, Ref. RB                                                           | CUSIP: 67756DGX8<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |  21570000 | PA      | $19705200.16  | 0.21%             | 2041-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lake (County of), FL (Imagine South Lake Charter School Program)                                                                                 | Lake (County of), FL (Imagine South Lake Charter School Program), Series 2019, RB                                                                      | CUSIP: 50825CAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $542649.22    | 0.01%             | 2054-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tustin Unified School District                                                                                                                   | Tustin Unified School District, Series 2025, GO Bonds                                                                                                  | CUSIP: 901070FA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5795000 | PA      | $5179513.05   | 0.06%             | 2055-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                                       | Philadelphia (City of), PA, Series 2021, Ref. RB                                                                                                       | CUSIP: 717817XZ8<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |  12515000 | PA      | $12324706.92  | 0.13%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Leman Academy-Parker Colorado)                                                              | Arizona (State of) Industrial Development Authority (Leman Academy-Parker Colorado), Series 2019, RB                                                   | CUSIP: 04052BJU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2614205.70   | 0.03%             | 2054-07-01      | 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 2020, Ref. RB        | CUSIP: 61022CAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8900000 | PA      | $9360947.02   | 0.10%             | 2043-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Gateway at Sand Hollow Public Infrastructure District No. 1                                                                                      | Gateway at Sand Hollow Public Infrastructure District No. 1, Series 2021 A, GO Bonds                                                                   | CUSIP: 367572AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11500000 | PA      | $8608008.75   | 0.09%             | 2051-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Housing Finance Agency (Silver Birch of Mansfield)                                                                               | Ohio (State of) Housing Finance Agency (Silver Birch of Mansfield), Series 2024, RB                                                                    | CUSIP: 676900XJ7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   2480000 | PA      | $2345654.18   | 0.03%             | 2045-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Murata Farms Residential Metropolitan District                                                                                                   | Murata Farms Residential Metropolitan District, Series 2022, GO Bonds                                                                                  | CUSIP: 626424AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4205000 | PA      | $3668981.50   | 0.04%             | 2051-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Great Northern Lofts)                                                                  | St. Paul (City of), MN Housing & Redevelopment Authority (Great Northern Lofts), Series 2004, RB                                                       | CUSIP: 792904EX8<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    981000 | PA      | $902425.82    | 0.01%             | 2029-03-01      | Fixed         | 6.25%                 | 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 2013 A, Ref. RB                                        | CUSIP: 821697K81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $7625524.50   | 0.08%             | 2047-09-01      | Fixed         | 5.50%                 | 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        |  25935000 | PA      | $21952901.20  | 0.24%             | 2044-12-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Mobile (County of), AL Industrial Development Authority (AM/NS Calvert LLC)                                                                      | Mobile (County of), AL Industrial Development Authority (AM/NS Calvert LLC), Series 2024, RB                                                           | CUSIP: 60733UAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  31660000 | PA      | $29761356.13  | 0.32%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of Broad Healthcare)                           | South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of Broad Healthcare), Series 2024, RB                | CUSIP: 83704HAM9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1512770.85   | 0.02%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of)                                                                                                                  | Massachusetts (Commonwealth of), Series 2024 A, GO Bonds                                                                                               | CUSIP: 57582R5R3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   4835000 | PA      | $4915044.39   | 0.05%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (St. Tammany Parish Gomesa)                     | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (St. Tammany Parish Gomesa), Series 2020, RB          | CUSIP: 54628CRM6<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   3820000 | PA      | $3218551.70   | 0.03%             | 2045-11-01      | Fixed         | 3.88%                 | No            |                  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        |    350000 | PA      | $325569.09    | 0.00%             | 2032-01-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Johnstown North Metropolitan District No. 2                                                                                                      | Johnstown North Metropolitan District No. 2, Series 2022 B, GO Bonds                                                                                   | CUSIP: 47961FAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020232.80   | 0.02%             | 2052-09-01      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| Fitzsimons Village Metropolitan District No. 3                                                                                                   | Fitzsimons Village Metropolitan District No. 3, Series 2021 A-2, GO Bonds                                                                              | CUSIP: 33829NAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7875000 | PA      | $7008668.89   | 0.08%             | 2041-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Pennsylvania LTC, Inc.)                                                          | Montgomery (County of), PA Higher Education & Health Authority (Pennsylvania LTC, Inc.), Series 2017, Ref. RB                                          | CUSIP: 613603XN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3140000 | PA      | $2112305.63   | 0.02%             | 2047-12-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Mater Academy of Nevada Mountain Vista Campus Project)                                      | Arizona (State of) Industrial Development Authority (Mater Academy of Nevada Mountain Vista Campus Project), Series 2018 A, RB                         | CUSIP: 04052BGZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1420394.69   | 0.02%             | 2038-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) (Rebuild Illinois Program)                                                                                                   | Illinois (State of) (Rebuild Illinois Program), Series 2019 B, GO Bonds                                                                                | CUSIP: 4521525Q0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1878153.83   | 0.02%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Carrollton-Farmers Branch Independent School District                                                                                            | Carrollton-Farmers Branch Independent School District, Series 2023, GO Bonds                                                                           | CUSIP: 145628R70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $17431184.00  | 0.19%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of)                                                                                                                              | Michigan (State of), Series 2023, RB                                                                                                                   | CUSIP: 5946954Q8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16925000 | PA      | $17583815.78  | 0.19%             | 2049-11-15      | Fixed         | 5.25%                 | 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: 45204E6F0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $1641500.00   | 0.02%             | 2049-11-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2008 WW, RB                                                                             | CUSIP: 74526QVE9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    605000 | PA      | $331993.75    | 0.00%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) (Rail Enhancement Program) (Green Bonds)                                                                         | Massachusetts (Commonwealth of) (Rail Enhancement Program) (Green Bonds), Series 2022, RB                                                              | CUSIP: 57604TKC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15232887.00  | 0.17%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group)                                                              | Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2025, Ref. RB                                              | CUSIP: 68450LJQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10030000 | PA      | $10080189.12  | 0.11%             | 2056-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Subseries 2022, RN                                                                                                      | CUSIP: 74514L4D6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1639317 | PA      | $540974.61    | 0.01%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Harris (County of), TX Toll Road Authority (The)                                                                                                 | Harris (County of), TX Toll Road Authority (The), Series 2024 A, RB                                                                                    | CUSIP: 41423PEB9<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20809476.00  | 0.23%             | 2054-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Second Creek Farm Metropolitan District No. 3                                                                                                    | Second Creek Farm Metropolitan District No. 3, Series 2019 B, GO Bonds                                                                                 | CUSIP: 81321CAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1696000 | PA      | $1697675.65   | 0.02%             | 2049-12-15      | Fixed         | 7.62%                 | 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: 497609BE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1567229.13   | 0.02%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sierra (City of), AZ Vista Industrial Development Authority (American Leadership Academy Project)                                                | Sierra (City of), AZ Vista Industrial Development Authority (American Leadership Academy Project), Series 2024, RB                                     | CUSIP: 82652UAV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1266779.38   | 0.01%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Heron's Key Senior Living)                                                                     | Washington (State of) Housing Finance Commission (Heron's Key Senior Living), Series 2015 A, RB                                                        | CUSIP: 939783SH0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1704300.32   | 0.02%             | 2025-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (OSF Healthcare System)                                                                                    | Illinois (State of) Finance Authority (OSF Healthcare System), Series 2015 A, Ref. RB                                                                  | CUSIP: 45203H5F5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $12602125.90  | 0.14%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aubrey Independent School District                                                                                                               | Aubrey Independent School District, Series 2022, GO Bonds                                                                                              | CUSIP: 050195WW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20500000 | PA      | $18510864.50  | 0.20%             | 2047-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) (Rail Enhancement Program)                                                                                       | Massachusetts (Commonwealth of) (Rail Enhancement Program), Series 2022 B, RB                                                                          | CUSIP: 57604TKD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15240054.00  | 0.17%             | 2052-06-01      | Fixed         | 5.00%                 | 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        |   8238655 | PA      | $3625008.20   | 0.04%             | 2027-06-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority                                                                                                            | Michigan (State of) Finance Authority, Series 2005 A, RB                                                                                               | CUSIP: 594569AS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1337623.42   | 0.01%             | 2035-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford)                                                            | New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford), Series 2016 A, RB                                               | CUSIP: 64542UDA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3425000 | PA      | $2558706.87   | 0.03%             | 2052-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Dominican University)                                                                                     | Illinois (State of) Finance Authority (Dominican University), Series 2022, Ref. RB                                                                     | CUSIP: 45204FRW7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $979929.83    | 0.01%             | 2047-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Corpus Christi (City of), TX (Whitecap Public Improvement District No. 1)                                                                        | Corpus Christi (City of), TX (Whitecap Public Improvement District No. 1), Series 2024, RB                                                             | CUSIP: 220233AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $956215.70    | 0.01%             | 2044-09-15      | Fixed         | 6.12%                 | 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        |   7905000 | PA      | $7905322.52   | 0.09%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mishawaka (City of), IN (Silver Birch of Mishwaka)                                                                                               | Mishawaka (City of), IN (Silver Birch of Mishwaka), Series 2017, RB                                                                                    | CUSIP: 604786AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5475000 | PA      | $4769372.69   | 0.05%             | 2038-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Riverwalk Metropolitan District No. 2                                                                                                            | Riverwalk Metropolitan District No. 2, Series 2022 A, RB                                                                                               | CUSIP: 769504AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3255726.00   | 0.04%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.)                                                 | California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.), Series 2006 A, RB                                    | CUSIP: 13016NCX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 127310000 | PA      | $33366295.97  | 0.36%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority (The)                                                                                                              | Atlanta Development Authority (The), Series 2024, Revenue Ctfs.                                                                                        | CUSIP: 04780NMY0<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |  25000000 | PA      | $21737850.00  | 0.24%             | 2048-12-15      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| Oregon (State of) Facilities Authority (Redmond Proficiency Academy)                                                                             | Oregon (State of) Facilities Authority (Redmond Proficiency Academy), Series 2015 A, RB                                                                | CUSIP: 68608JTW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1943827.62   | 0.02%             | 2025-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks)                                                                  | Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks), Series 2020, Ref. RB                                                  | CUSIP: 87638RKE6<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1435950.45   | 0.02%             | 2031-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (AES Puerto Rico) | Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (AES Puerto Rico), Seri | CUSIP: 74528KAA1<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    456728 | PA      | $451827.95    | 0.00%             | 2027-01-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Buckner Senior Living - Ventana)                                                     | Tarrant County Cultural Education Facilities Finance Corp. (Buckner Senior Living - Ventana), Series 2017, RB                                          | CUSIP: 87638RJD0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3549619.50   | 0.04%             | 2047-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Green Bonds)                                                                      | South Carolina (State of) Jobs-Economic Development Authority (Green Bonds), Series 2021, RB                                                           | CUSIP: 83704DAM8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $412500.00    | 0.00%             | 2051-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| District of Columbia (Union Market)                                                                                                              | District of Columbia (Union Market), Series 2024, RB                                                                                                   | CUSIP: 254840EE7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $2454624.90   | 0.03%             | 2049-06-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Capitol Encore Academy (The))                                                                     | Wisconsin (State of) Public Finance Authority (Capitol Encore Academy (The)), Series 2019 A, RB                                                        | CUSIP: 74442EET3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    750000 | PA      | $685118.63    | 0.01%             | 2039-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Colliers Hill Metropolitan District No. 2                                                                                                        | Colliers Hill Metropolitan District No. 2, Series 2022 B-1, Ref. GO Bonds                                                                              | CUSIP: 194689AS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3336000 | PA      | $3132013.61   | 0.03%             | 2047-12-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Bella Mesa Metropolitan District                                                                                                                 | Bella Mesa Metropolitan District, Series 2020 A, GO Bonds                                                                                              | CUSIP: 07819PAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3785000 | PA      | $3743047.44   | 0.04%             | 2049-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Grand Junction (City of), CO Dos Rios General Improvement District                                                                               | Grand Junction (City of), CO Dos Rios General Improvement District, Series 2021, RB                                                                    | CUSIP: 38578AAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2236916.70   | 0.02%             | 2051-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Guilderland (Town of), NY Industrial Development Agency                                                                                          | Guilderland (Town of), NY Industrial Development Agency, Series 2017 A, RB                                                                             | CUSIP: 40175RAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5400000 | PA      | $2700000.00   | 0.03%             | 2052-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL Industrial Development Authority (Preserve (The))                                                                            | Lee (County of), FL Industrial Development Authority (Preserve (The)), Series 2017 A, RB                                                               | CUSIP: 52349EDQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3380000 | PA      | $2540125.77   | 0.03%             | 2037-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Housing Development Authority                                                                                                | Michigan (State of) Housing Development Authority, Series 2023, RB                                                                                     | CUSIP: 59465PEL8<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20152246.00  | 0.22%             | 2058-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges)                                                  | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges), Series 2022, RB                                       | CUSIP: 70868YAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3613662.00   | 0.04%             | 2057-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Banning Lewis Ranch Metropolitan District No. 5                                                                                                  | Banning Lewis Ranch Metropolitan District No. 5, Series 2018 B, GO Bonds                                                                               | CUSIP: 066638AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500571.65    | 0.01%             | 2048-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Industrial Development Authority (Platte Purchase Project A)                                                           | Kansas City (City of), MO Industrial Development Authority (Platte Purchase Project A), Series 2019, RB                                                | CUSIP: 48503SGQ6<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   4785000 | PA      | $4194578.85   | 0.05%             | 2040-07-01      | Fixed         | 5.00%                 | 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: 184635AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2780000 | PA      | $2536677.44   | 0.03%             | 2048-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Warren (County of), OH Port Authority                                                                                                            | Warren (County of), OH Port Authority, Series 2019, RB                                                                                                 | CUSIP: 93516RAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6020000 | PA      | $5025216.07   | 0.05%             | 2052-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Base Village Metropolitan District No. 2                                                                                                         | Base Village Metropolitan District No. 2, Series 2016 B, Ref. GO Bonds                                                                                 | CUSIP: 069781AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2683144.80   | 0.03%             | 2048-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Center District                                                                                                             | Wisconsin (State of) Center District, Series 2020, RB                                                                                                  | CUSIP: 976595JG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22975000 | PA      | $3664066.79   | 0.04%             | 2060-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fort Wayne (City of), IN (Silver Birch at Cook Road)                                                                                             | Fort Wayne (City of), IN (Silver Birch at Cook Road), Series 2018, RB                                                                                  | CUSIP: 34926RAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6243195.00   | 0.07%             | 2038-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Madeira Community Development District                                                                                                           | Madeira Community Development District, Series 2025, RB                                                                                                | CUSIP: 556344AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $954539.60    | 0.01%             | 2045-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks)                                                                  | Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks), Series 2020, Ref. RB                                                  | CUSIP: 87638RKH9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   3555000 | PA      | $2984410.77   | 0.03%             | 2055-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                                                                                         | Sterling Ranch Community Authority Board, Series 2024 B, Ref. RB                                                                                       | CUSIP: 85950NAZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1485227.21   | 0.02%             | 2054-12-15      | Fixed         | 8.25%                 | 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        |  22616000 | PA      | $23020303.97  | 0.25%             | 2033-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Hawaii (State of) Department of Transportation (Airports Division)                                                                               | Hawaii (State of) Department of Transportation (Airports Division), Series 2022, RB                                                                    | CUSIP: 419794H62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  32450000 | PA      | $32048759.00  | 0.35%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Bay Community Development District                                                                                                         | South Bay Community Development District, Series 2005 A, RB                                                                                            | CUSIP: 836454AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5110000 | PA      | $51.10        | 0.00%             | 2036-05-01      | Fixed         | 5.95%                 | 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        |  27200000 | PA      | $27462384.80  | 0.30%             | 2039-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cielo Metropolitan District                                                                                                                      | Cielo Metropolitan District, Series 2021, GO Bonds                                                                                                     | CUSIP: 17190EAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2077744.00   | 0.02%             | 2050-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pinon Pines Metropolitan District No. 2                                                                                                          | Pinon Pines Metropolitan District No. 2, Series 2020, GO Bonds                                                                                         | CUSIP: 72352VAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1054390.68   | 0.01%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges)                                                  | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges), Series 2022, RB                                       | CUSIP: 70868YAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11100000 | PA      | $11527828.41  | 0.13%             | 2061-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of)                                                                                                                  | Massachusetts (Commonwealth of), Series 2024, GO Bonds                                                                                                 | CUSIP: 57582TCC4<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   5720000 | PA      | $5833250.85   | 0.06%             | 2052-12-01      | Fixed         | 5.00%                 | 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        |        52 | PA      | $50.03        | 0.00%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (White Plains Hospital Obligated Group)                                                                  | New York (State of) Dormitory Authority (White Plains Hospital Obligated Group), Series 2024, RB                                                       | CUSIP: 65000B7X0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2854947.03   | 0.03%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Economic Development Authority (Empire Green Gerenation LLC)                                                            | West Virginia (State of) Economic Development Authority (Empire Green Gerenation LLC), Series 2023, RB                                                 | CUSIP: 95648VBN8<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $18000000.00  | 0.20%             | 2043-05-01      | Fixed         | 9.50%                 | 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        |    600000 | PA      | $603312.72    | 0.01%             | 2036-06-01      | Fixed         | 5.12%                 | 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        |  13426000 | PA      | $7947856.35   | 0.09%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Baseline Metropolitan District No. 1                                                                                                             | Baseline Metropolitan District No. 1, Series 2024 B, GO Bonds                                                                                          | CUSIP: 069826AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2745618.98   | 0.03%             | 2054-12-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University)                                                     | Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University), Series 2022, Ref. RB                                     | CUSIP: 613603G94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6779158.40   | 0.07%             | 2057-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Transit System                                                                                                        | Miami-Dade (County of), FL Transit System, Series 2022, RB                                                                                             | CUSIP: 59334PKX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14210000 | PA      | $14291060.95  | 0.16%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mulberry Metropolitan District No. 2                                                                                                             | Mulberry Metropolitan District No. 2, Series 2022 B, GO Bonds                                                                                          | CUSIP: 62517NAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2519237.25   | 0.03%             | 2052-12-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Denton Independent School District                                                                                                               | Denton Independent School District, Series 2023, GO Bonds                                                                                              | CUSIP: 249002MC7<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |  26000000 | PA      | $26536759.60  | 0.29%             | 2053-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                 | New York & New Jersey (States of) Port Authority, Series 2020 221, RB                                                                                  | CUSIP: 73358W5U4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |  31230000 | PA      | $25562092.28  | 0.28%             | 2055-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                                                                        | Indiana Finance Authority, Series 2025, RB                                                                                                             | CUSIP: 45471FBJ9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2183520.48   | 0.02%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port Beaumont Navigation District (Jefferson Gulf Coast Energy)                                                                                  | Port Beaumont Navigation District (Jefferson Gulf Coast Energy), Series 2024, RB                                                                       | CUSIP: 73360CAP9<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968091.20    | 0.01%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anderson (City of), IN (Sweet Galilee at the Wigwam)                                                                                             | Anderson (City of), IN (Sweet Galilee at the Wigwam), Series 2020, RB                                                                                  | CUSIP: 033889AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2745000 | PA      | $2374034.39   | 0.03%             | 2040-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Morton Grove (Village of), IL (Sawmill Station Redevelopment)                                                                                    | Morton Grove (Village of), IL (Sawmill Station Redevelopment), Series 2019, RB                                                                         | CUSIP: 619295AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1895445.00   | 0.02%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group)                           | Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group), Series 2017, Ref. RB           | CUSIP: 97712DZE9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1005071.55   | 0.01%             | 2037-08-01      | 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: 343572AE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13210000 | PA      | $12608180.14  | 0.14%             | 2053-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                 | New York & New Jersey (States of) Port Authority, Two Hundred Thirty-First Series 2022, Ref. RB                                                        | CUSIP: 73358XFR8<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10352677.00  | 0.11%             | 2047-08-01      | Fixed         | 5.50%                 | 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: 340618DT1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2110612.73   | 0.02%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                              | Illinois (State of), Series 2024 C, GO Bonds                                                                                                           | CUSIP: 452153ME6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $12826152.00  | 0.14%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group)                                                              | Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2025, Ref. RB                                              | CUSIP: 68450LJR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $5672061.88   | 0.06%             | 2056-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Irvington Community School)                                                                                | Indiana (State of) Finance Authority (Irvington Community School), Series 2018 A, Ref. RB                                                              | CUSIP: 45506DP82<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    770000 | PA      | $758042.75    | 0.01%             | 2038-07-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Reunion East Community Development District                                                                                                      | Reunion East Community Development District, Series 2005, RB                                                                                           | CUSIP: 761311AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3420000 | PA      | $34.20        | 0.00%             | 2036-05-01      | Fixed         | 5.80%                 | 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: 243340AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1077000 | PA      | $1017542.92   | 0.01%             | 2055-09-15      | Fixed         | 5.75%                 | 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        |   4576000 | PA      | $3965329.14   | 0.04%             | 2053-07-01      | Fixed         | 4.54%                 | 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        |    275000 | PA      | $150906.25    | 0.00%             | 2025-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Dreamhouse)                                                                                       | Wisconsin (State of) Public Finance Authority (Dreamhouse), Series 2022 B, RB                                                                          | CUSIP: 74442EJV3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1950300.00   | 0.02%             | 2025-08-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority                                                                                                            | Illinois (State of) Finance Authority, Series 2017, Ref. RB                                                                                            | CUSIP: 45204EVE5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    575000 | PA      | $564405.80    | 0.01%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Rapids Economic Development Corp. (Clark Retirement Community, Inc.)                                                                       | Grand Rapids Economic Development Corp. (Clark Retirement Community, Inc.), Series 2019 A, Ref. RB                                                     | CUSIP: 38625KAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9290000 | PA      | $7176319.69   | 0.08%             | 2054-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Elbert & Highway 86 Commercial Metropolitan District                                                                                             | Elbert & Highway 86 Commercial Metropolitan District, Series 2021 B, GO Bonds                                                                          | CUSIP: 28421SAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1910000 | PA      | $1913604.74   | 0.02%             | 2051-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                             | San Diego (County of), CA Regional Airport Authority, Series 2021 B, RB                                                                                | CUSIP: 79739GPR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16750000 | PA      | $14095714.60  | 0.15%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority                                                                                                             | Indiana (State of) Finance Authority, Series 2017, Ref. RB                                                                                             | CUSIP: 45506DF91<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $1904039.18   | 0.02%             | 2047-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Franklin Phonetic Charter School)                                                           | Arizona (State of) Industrial Development Authority (Franklin Phonetic Charter School), Series 2017, Ref. RB                                           | CUSIP: 04052BBU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $568732.92    | 0.01%             | 2037-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pilot Point (City of), TX (Creekview Public Improvement District Zone A)                                                                         | Pilot Point (City of), TX (Creekview Public Improvement District Zone A), Series 2022, RB                                                              | CUSIP: 721614AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1384368.94   | 0.02%             | 2052-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Warren (County of), OH Port Authority                                                                                                            | Warren (County of), OH Port Authority, Series 2019 D, RB                                                                                               | CUSIP: 93516RAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2115000 | PA      | $1834490.72   | 0.02%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The))                                                                | New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The)), Series 2022 A, RB                                                   | CUSIP: 64542UGG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9910000 | PA      | $9364724.05   | 0.10%             | 2052-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 XX, RB                                                                             | CUSIP: 74526QWB4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2660000 | PA      | $1459675.00   | 0.02%             | 2035-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                                                                               | New York State Dormitory Authority, Series 2016, RB                                                                                                    | CUSIP: 64990BZK2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10680474.00  | 0.12%             | 2046-10-01      | Fixed         | 5.00%                 | 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: 89441AAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $551547.13    | 0.01%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Economic Development Authority (Empire Green Gerenation LLC)                                                            | West Virginia (State of) Economic Development Authority (Empire Green Gerenation LLC), Series 2025, RB                                                 | CUSIP: 95648VBT5<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1800000.00   | 0.02%             | 2043-05-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Pilot Point (City of), TX (Mobberly Public Improvement District)                                                                                 | Pilot Point (City of), TX (Mobberly Public Improvement District), Series 2022, RB                                                                      | CUSIP: 721614AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1448000 | PA      | $1452631.14   | 0.02%             | 2052-09-15      | Fixed         | 6.50%                 | 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        |  15835000 | PA      | $15492800.90  | 0.17%             | 2031-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Talon Pointe Metropolitan District                                                                                                               | Talon Pointe Metropolitan District, Series 2019 A, Ref. GO Bonds                                                                                       | CUSIP: 874838AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $1529219.32   | 0.02%             | 2051-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                                                            | New York (City of), NY Transitional Finance Authority, Series 2022 C-1, RB                                                                             | CUSIP: 64971XL97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8655551.00   | 0.09%             | 2051-02-01      | Fixed         | 4.00%                 | 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 2022, RB                                                                        | CUSIP: 15200XAL7<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |   6850000 | PA      | $7093677.79   | 0.08%             | 2053-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Hospital Finance Authority (Vandalia Health Group)                                                                      | West Virginia (State of) Hospital Finance Authority (Vandalia Health Group), Series 2023 B, RB                                                         | CUSIP: 956622X25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8350000 | PA      | $8884500.20   | 0.10%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Elora Metropolitan District                                                                                                                      | Elora Metropolitan District, Series 2025, GO Bonds                                                                                                     | CUSIP: 290141AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1938000 | PA      | $1943130.86   | 0.02%             | 2055-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science)                                                                | Arizona (State of) Industrial Development Authority (Academies of Math & Science), Series 2018 B, RB                                                   | CUSIP: 04052BGQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1171706.79   | 0.01%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                                       | Texas (State of) Transportation Commission, Series 2019, RB                                                                                            | CUSIP: 88283NAV4<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   4760000 | PA      | $1270047.02   | 0.01%             | 2050-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2022, RB                                                                                         | CUSIP: 74447CAC3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $4793602.50   | 0.05%             | 2028-08-01      | Fixed         | 6.14%                 | 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: 67556TCY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3675000 | PA      | $3508489.06   | 0.04%             | 2048-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Vista (The))                                                                                | New Hampshire (State of) Business Finance Authority (Vista (The)), Series 2019 A, RB                                                                   | CUSIP: 63607YAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5430000 | PA      | $5212943.90   | 0.06%             | 2054-07-01      | Fixed         | 5.75%                 | 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, RB                                 | CUSIP: 717901CB6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |  25000000 | PA      | $26387092.50  | 0.29%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lowery Hills Community Development District                                                                                                      | Lowery Hills Community Development District, Series 2025, RB                                                                                           | CUSIP: 548652AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $952246.90    | 0.01%             | 2055-05-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Gillett (City of), WI                                                                                                                            | Gillett (City of), WI, Series 2021 A, RB                                                                                                               | CUSIP: 375760AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10640000 | PA      | $8333698.07   | 0.09%             | 2032-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                                                                            | Pennsylvania Economic Development Financing Authority, Series 2025, RB                                                                                 | CUSIP: 708692CA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994591.40    | 0.01%             | 2035-03-27      | Variable      | 5.45%                 | 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        |   1565480 | PA      | $1488558.73   | 0.02%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                                                                                      | Ohio Higher Educational Facility Commission, Series 2025, RB                                                                                           | CUSIP: 67756DY42<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1957074.60   | 0.02%             | 2050-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Rocky Mountain Rail Park Metropolitan District                                                                                                   | Rocky Mountain Rail Park Metropolitan District, Series 2021 A, GO Bonds                                                                                | CUSIP: 774762AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2264662.75   | 0.02%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Thruway Authority (Bidding Group 4)                                                                                          | New York (State of) Thruway Authority (Bidding Group 4), Series 2021 A-1, Ref. RB                                                                      | CUSIP: 650028XP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $14472803.80  | 0.16%             | 2053-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dardenne Town Square Transportation Development District                                                                                         | Dardenne Town Square Transportation Development District, Series 2006 A, RB                                                                            | CUSIP: 23719TAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3020000 | PA      | $1026800.00   | 0.01%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Tobacco Settlement Authority                                                                                                     | Iowa (State of) Tobacco Settlement Authority, Series 2021 B-1, Ref. RB                                                                                 | CUSIP: 888805CH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95000.00     | 0.00%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Soleil Hills Public Infrastructure District No. 1                                                                                                | Soleil Hills Public Infrastructure District No. 1, Series 2025 A, GO Bonds                                                                             | CUSIP: 834201AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1570872.44   | 0.02%             | 2055-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Timberleaf Metropolitan District                                                                                                                 | Timberleaf Metropolitan District, Series 2025, GO Bonds                                                                                                | CUSIP: 88714TAW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999954.40    | 0.01%             | 2055-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Leap Academy University Charter School, Inc.)                                              | New Jersey (State of) Economic Development Authority (Leap Academy University Charter School, Inc.), Series 2014 A, RB                                 | CUSIP: 645912DR4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    565000 | PA      | $565369.45    | 0.01%             | 2034-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PRHTA Custodial Trust                                                                                                                            | PRHTA Custodial Trust, Series 2023, RB                                                                                                                 | CUSIP: 69378HAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    127710 | PA      | $36518.39     | 0.00%             | 2049-12-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Amber Creek Metropolitan District                                                                                                                | Amber Creek Metropolitan District, Series 2017 A, Ref. GO Bonds                                                                                        | CUSIP: 02320AAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1029000 | PA      | $857770.39    | 0.01%             | 2047-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                                                      | Washington State Housing Finance Commission, Series 2025, RB                                                                                           | CUSIP: 93978LJQ0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5336931.60   | 0.06%             | 2064-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                                               | Greater Orlando Aviation Authority, Series 2022, RB                                                                                                    | CUSIP: 392275BK8<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |  14985000 | PA      | $14925594.96  | 0.16%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pottsboro Higher Education Finance Corp. (Imagine International Academy of North Texas LLC)                                                      | Pottsboro Higher Education Finance Corp. (Imagine International Academy of North Texas LLC), Series 2016 A, RB                                         | CUSIP: 738222AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $899909.90    | 0.01%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                                                                            | Louisiana Public Facilities Authority, Series 2025, RB                                                                                                 | CUSIP: 546399UP9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10393259.00  | 0.11%             | 2055-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                                    | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2025 A, RB                                       | CUSIP: 79766DXQ7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15575922.00  | 0.17%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mida Cormont Public Infrastructure District                                                                                                      | Mida Cormont Public Infrastructure District, Series 2025, GO Bonds                                                                                     | CUSIP: 59561JAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2247000 | PA      | $2252891.86   | 0.02%             | 2055-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Envision Science Academy)                                                                         | Wisconsin (State of) Public Finance Authority (Envision Science Academy), Series 2016 A, RB                                                            | CUSIP: 744396BN1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2238284.75   | 0.02%             | 2046-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pilot Point (City of), TX (Mobberly Public Improvement District)                                                                                 | Pilot Point (City of), TX (Mobberly Public Improvement District), Series 2022, RB                                                                      | CUSIP: 721614AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1924122.60   | 0.02%             | 2048-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cambridge Student Housing Financing Co. L.P.                                                                                                     | Cambridge Student Housing Financing Co. L.P., Series 2004 D, Revenue Ctfs.                                                                             | CUSIP: 13251PAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3658832 | PA      | $7317.66      | 0.00%             | 2039-11-01      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                                                                                        | City of Houston TX Airport System Revenue, Series 2024, RB                                                                                             | CUSIP: 442349HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8395000 | PA      | $8642546.72   | 0.09%             | 2037-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                                                                                          | Capital Trust Authority, Series 2025, RB                                                                                                               | CUSIP: 14054WBX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5095000 | PA      | $4771555.64   | 0.05%             | 2065-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Celina (City of), TX (Ten Mile Creek Public Improvement District Improvement Area #1)                                                            | Celina (City of), TX (Ten Mile Creek Public Improvement District Improvement Area #1), Series 2023, RB                                                 | CUSIP: 15114CFT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $866941.95    | 0.01%             | 2042-09-01      | Fixed         | 5.50%                 | 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: 956454CM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $943853.82    | 0.01%             | 2054-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (Paideia Academies (The))                                                                  | Pima (County of), AZ Industrial Development Authority (Paideia Academies (The)), Series 2015, RB                                                       | CUSIP: 72177MQW0<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   3310000 | PA      | $3309652.12   | 0.04%             | 2045-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                                                                                                     | Greater Asheville Regional Airport Authority, Series 2023, RB                                                                                          | CUSIP: 39160CBN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2535981.00   | 0.03%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Prairie Center Metropolitan District No. 3                                                                                                       | Prairie Center Metropolitan District No. 3, Series 2024 A, Ref. GO Bonds                                                                               | CUSIP: 739476AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2187434.63   | 0.02%             | 2046-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Oregon (State of) Facilities Authority (Redmond Proficiency Academy)                                                                             | Oregon (State of) Facilities Authority (Redmond Proficiency Academy), Series 2016 A, RB                                                                | CUSIP: 68608JWM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2629174.01   | 0.03%             | 2025-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Essex (County of), NY Industrial Development Agency                                                                                              | Essex (County of), NY Industrial Development Agency, Series 2017, RB                                                                                   | CUSIP: 296830AH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4025000 | PA      | $2672887.39   | 0.03%             | 2047-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Edinburg Economic Development Corp.                                                                                                              | Edinburg Economic Development Corp., Series 2019, RB                                                                                                   | CUSIP: 28078PAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1536312.83   | 0.02%             | 2044-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels)                                                                                     | Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2019 A, RB                                                                        | CUSIP: 89602RFL4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  17640000 | PA      | $17820861.16  | 0.19%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                                                            | New York (City of), NY Transitional Finance Authority, Series 2024 F-1, RB                                                                             | CUSIP: 64972JGW2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15541174.50  | 0.17%             | 2053-02-01      | Fixed         | 5.25%                 | 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      | $1898317.20   | 0.02%             | 2032-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Harris (County of), TX Toll Road Authority (The)                                                                                                 | Harris (County of), TX Toll Road Authority (The), Series 2021, Ref. RB                                                                                 | CUSIP: 41423PCA3<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2305252.02   | 0.03%             | 2045-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Advantage Academy of Hillsborough)                                                                                   | Capital Trust Agency, Inc. (Advantage Academy of Hillsborough), Series 2019 A, RB                                                                      | CUSIP: 14054CCA5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2126254.27   | 0.02%             | 2049-12-15      | 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        |  13795000 | PA      | $13290861.73  | 0.14%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma (County of), OK Finance Authority (Astec)                                                                                               | Oklahoma (County of), OK Finance Authority (Astec), Series 2024, RB                                                                                    | CUSIP: 67868WAD1<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   3425000 | PA      | $3328873.27   | 0.04%             | 2064-06-15      | Fixed         | 6.50%                 | 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: 14054WBR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $912722.40    | 0.01%             | 2059-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Jefferson (County of), CO Center Metropolitan District No. 1                                                                                     | Jefferson (County of), CO Center Metropolitan District No. 1, Series 2024 C, GO Bonds                                                                  | CUSIP: 47248EAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7510000 | PA      | $7528457.33   | 0.08%             | 2053-12-16      | Fixed         | 8.50%                 | 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        |   2235000 | PA      | $2076482.40   | 0.02%             | 2030-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Black Rock Mountain Resort Public Infrastructure District                                                                                        | Black Rock Mountain Resort Public Infrastructure District, Series 2025, RB                                                                             | CUSIP: 09224AAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6200000 | PA      | $6210601.38   | 0.07%             | 2054-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) International Center Metropolitan District No. 8                                                                             | Colorado (State of) International Center Metropolitan District No. 8, Series 2020, GO Bonds                                                            | CUSIP: 19650RAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15003687.00  | 0.16%             | 2050-12-01      | Fixed         | 6.50%                 | 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: 48503VAJ1<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1890000 | PA      | $1626388.47   | 0.02%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                                                       | Illinois Finance Authority, Series 2025, RB                                                                                                            | CUSIP: 45204FN27<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   9250000 | PA      | $9014578.25   | 0.10%             | 2046-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                                                                                             | Triborough Bridge & Tunnel Authority, Series 2024 A-1, RB                                                                                              | CUSIP: 896035DF6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20746390.00  | 0.23%             | 2059-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pinal (County of), AZ Industrial Development Authority (San Manuel Facility)                                                                     | Pinal (County of), AZ Industrial Development Authority (San Manuel Facility), Series 2006, RB                                                          | CUSIP: 722051AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100034.90    | 0.00%             | 2026-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Branson (City of), MO Industrial Development Authority (Branson Hills Redevelopment)                                                             | Branson (City of), MO Industrial Development Authority (Branson Hills Redevelopment), Series 2005 A, RB                                                | CUSIP: 10544RAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6755000 | PA      | $6162909.39   | 0.07%             | 2027-05-01      | Fixed         | 7.05%                 | No            |                  3 | On Loan: No      |
| San Antonio Education Facilities Corp.                                                                                                           | San Antonio Education Facilities Corp., Series 2025, RB                                                                                                | CUSIP: 796247EY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3602118.00   | 0.04%             | 2050-10-01      | Fixed         | 5.00%                 | 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: 018444BF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7844190.40   | 0.09%             | 2042-05-01      | Fixed         | 5.38%                 | 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        |  22000000 | PA      | $19745000.00  | 0.21%             | 2031-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp. (St. Ann's Community)                                                                                 | Monroe County Industrial Development Corp. (St. Ann's Community), Series 2019, Ref. RB                                                                 | CUSIP: 61075TUH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1417720.19   | 0.02%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                                                                                    | Palm Beach County Health Facilities Authority, Series 2025, RB                                                                                         | CUSIP: 69650MBB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9500440.00   | 0.10%             | 2055-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hyde Park Community Development District No. 1                                                                                                   | Hyde Park Community Development District No. 1, Series 2024 A, RB                                                                                      | CUSIP: 448642AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $648316.26    | 0.01%             | 2055-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Huron Academy)                                                                                            | Michigan (State of) Finance Authority (Huron Academy), Series 2024, Ref. RB                                                                            | CUSIP: 594479JU2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1283102.06   | 0.01%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lathrop (City of), CA (Community Facilities District No. 03-2)                                                                                   | Lathrop (City of), CA (Community Facilities District No. 03-2), Series 2003, RB                                                                        | CUSIP: 51825PAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $771843.61    | 0.01%             | 2033-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Longhorn Village)                                                                          | New Hope Cultural Education Facilities Finance Corp. (Longhorn Village), Series 2017, Ref. RB                                                          | CUSIP: 64542UDX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7326614.40   | 0.08%             | 2047-01-01      | Fixed         | 5.00%                 | 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: 57584X4P3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2685784.50   | 0.03%             | 2057-10-01      | 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: 05921PBU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4410444.56   | 0.05%             | 2028-09-01      | 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 2025, RB                                                       | CUSIP: 340618DZ7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  28850000 | PA      | $29376550.01  | 0.32%             | 2025-08-13      | Variable      | 8.25%                 | No            |                  2 | On Loan: No      |
| Crandall (City of), TX                                                                                                                           | Crandall (City of), TX, Series 2021, RB                                                                                                                | CUSIP: 224384AH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1272481.35   | 0.01%             | 2051-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Baltimore (City of), MD (Convention Center Hotel)                                                                                                | Baltimore (City of), MD (Convention Center Hotel), Series 2017, Ref. RB                                                                                | CUSIP: 05921PCB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2256699.38   | 0.02%             | 2035-09-01      | Fixed         | 5.00%                 | 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        |    500000 | PA      | $504237.00    | 0.01%             | 2030-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (PHS Council Bluffs, Inc.)                                                                                     | Iowa (State of) Finance Authority (PHS Council Bluffs, Inc.), Series 2018, RB                                                                          | CUSIP: 46245FAR5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3177896.40   | 0.03%             | 2055-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport)                                        | New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport), Series 2020, Ref. RB                        | CUSIP: 650116CW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9800000 | PA      | $9973649.14   | 0.11%             | 2036-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority                                                                                                            | Michigan (State of) Finance Authority, Series 2008 C, RB                                                                                               | CUSIP: 594751AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 579475000 | PA      | $16908616.92  | 0.18%             | 2058-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Marion P. Thomas Charter School)                                                           | New Jersey (State of) Economic Development Authority (Marion P. Thomas Charter School), Series 2018 A, RB                                              | CUSIP: 645912ET9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4527861.50   | 0.05%             | 2050-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BNC Metropolitan District No. 1                                                                                                                  | BNC Metropolitan District No. 1, Series 2017 B, GO Bonds                                                                                               | CUSIP: 05567BAR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    461000 | PA      | $460609.39    | 0.00%             | 2047-12-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (PHS Council Bluffs, Inc.)                                                                                     | Iowa (State of) Finance Authority (PHS Council Bluffs, Inc.), Series 2018, RB                                                                          | CUSIP: 46245FAP9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    750000 | PA      | $681512.93    | 0.01%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CrossCreek Community Development District                                                                                                        | CrossCreek Community Development District, Series 2016 A, RB                                                                                           | CUSIP: 22757LAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65077.81     | 0.00%             | 2037-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Chapel Creek Community Development District                                                                                                      | Chapel Creek Community Development District, Series 2006 A, RB                                                                                         | CUSIP: 15942MAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4185000 | PA      | $2803950.00   | 0.03%             | 2038-05-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| Canyons Metropolitan District No. 3                                                                                                              | Canyons Metropolitan District No. 3, Series 2021, GO Bonds                                                                                             | CUSIP: 13906FAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15270000 | PA      | $13048219.58  | 0.14%             | 2051-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York (State of) Thruway Authority (Bidding Group 4)                                                                                          | New York (State of) Thruway Authority (Bidding Group 4), Series 2021 A-1, Ref. RB                                                                      | CUSIP: 650028XR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8439154.00   | 0.09%             | 2055-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Placer (County of), CA (Placer Corporate Center Assessment District No. 1)                                                                       | Placer (County of), CA (Placer Corporate Center Assessment District No. 1), Series 2000, RB                                                            | CUSIP: 725904EA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45269.16     | 0.00%             | 2030-09-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Naturewalk Community Development District                                                                                                        | Naturewalk Community Development District, Series 2007 A, RB                                                                                           | CUSIP: 63902TAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4345000 | PA      | $1651100.00   | 0.02%             | 2038-05-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| Illinois (State of) Finance Authority (Admiral at the Lake (The))                                                                                | Illinois (State of) Finance Authority (Admiral at the Lake (The)), Series 2017, Ref. RB                                                                | CUSIP: 45204EC22<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2075000 | PA      | $1779371.22   | 0.02%             | 2038-05-15      | 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        |     20000 | PA      | $20021.81     | 0.00%             | 2028-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Villa Park (Village of), IL (Garden Station Redevelopment)                                                                                       | Villa Park (Village of), IL (Garden Station Redevelopment), Series 2021, RB                                                                            | CUSIP: 927023AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1564801.08   | 0.02%             | 2038-12-31      | Fixed         | 0.00%                 | 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: 82652UAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4735000 | PA      | $4302800.56   | 0.05%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockdale Special Assessment                                                                                                                      | Rockdale Special Assessment, Series 2023, RB                                                                                                           | CUSIP: 773100AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3722000 | PA      | $3768112.97   | 0.04%             | 2054-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Tustin Unified School District                                                                                                                   | Tustin Unified School District, Series 2025, GO Bonds                                                                                                  | CUSIP: 901070ET5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3255000 | PA      | $2970693.00   | 0.03%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westview South Community Development District (Assessment Area One - 2023 Project Area)                                                          | Westview South Community Development District (Assessment Area One - 2023 Project Area), Series 2023, RB                                               | CUSIP: 961566AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1334722.02   | 0.01%             | 2043-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Signorelli)                                                                                       | Wisconsin (State of) Public Finance Authority (Signorelli), Series 2024, RB                                                                            | CUSIP: 74447TAF9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4326000 | PA      | $4325602.87   | 0.05%             | 2032-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority                                                                                             | New Jersey (State of) Economic Development Authority, Series 2019 B, RB                                                                                | CUSIP: 64577B7B4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    300000 | PA      | $295992.38    | 0.00%             | 2026-10-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                              | Illinois (State of), Series 2024 B, GO Bonds                                                                                                           | CUSIP: 452153KG3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4036839.20   | 0.04%             | 2049-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sabine Neches Housing Finance Corp. (Fox Run Apartments)                                                                                         | Sabine Neches Housing Finance Corp. (Fox Run Apartments), Series 2012, RB                                                                              | CUSIP: 785325AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1793758.86   | 0.02%             | 2029-01-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                                                                             | District of Columbia, Series 2025, RB                                                                                                                  | CUSIP: 25483VE91<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   6875000 | PA      | $7038961.88   | 0.08%             | 2055-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| South Aurora Regional Improvement Authority                                                                                                      | South Aurora Regional Improvement Authority, Series 2018, RB                                                                                           | CUSIP: 83637TAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2815000 | PA      | $2570819.02   | 0.03%             | 2057-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Hoover (City of), AL Industrial Development Board (United States Steel Corp.)                                                                    | Hoover (City of), AL Industrial Development Board (United States Steel Corp.), Series 2019, RB                                                         | CUSIP: 439241AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16000000 | PA      | $16057140.80  | 0.17%             | 2049-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Playhouse Square Foundation)                                                      | Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Playhouse Square Foundation), Series 2018, Ref. RB                                      | CUSIP: 18610PAW8<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2796500.74   | 0.03%             | 2053-12-01      | Fixed         | 5.50%                 | 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        |   1650000 | PA      | $1554550.14   | 0.02%             | 2037-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Rocketship Education)                                                                            | California (State of) School Finance Authority (Rocketship Education), Series 2017 A, RB                                                               | CUSIP: 13058TEU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $551956.27    | 0.01%             | 2047-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Minneapolis (City of), MN (Spero Academy)                                                                                                        | Minneapolis (City of), MN (Spero Academy), Series 2017 A, RB                                                                                           | CUSIP: 60375CAP9<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1082526.61   | 0.01%             | 2037-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Broward (County of), FL                                                                                                                          | Broward (County of), FL, Series 2019 A, RB                                                                                                             | CUSIP: 114894YT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $6815309.60   | 0.07%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (TBTA Capital Lockbox Fund)                                                                                 | Triborough Bridge & Tunnel Authority (TBTA Capital Lockbox Fund), Series 2025, RB                                                                      | CUSIP: 896032BD0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  23000000 | PA      | $24278880.50  | 0.26%             | 2059-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Harrison (County of), WV County Commission (Charles Pointe Economic Opportunity Development District)                                            | Harrison (County of), WV County Commission (Charles Pointe Economic Opportunity Development District), Series 2019 B, Ref. RB                          | CUSIP: 41524TAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5285000 | PA      | $3680526.85   | 0.04%             | 2042-06-01      | Fixed         | 7.50%                 | No            |                  3 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Explore Knowledge Foundation)                                                                     | Wisconsin (State of) Public Finance Authority (Explore Knowledge Foundation), Series 2012 A, RB                                                        | CUSIP: 744396AG7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1345440.49   | 0.01%             | 2042-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Firefly Public Infrastructure District No. 1                                                                                                     | Firefly Public Infrastructure District No. 1, Series 2024 A-1, GO Bonds                                                                                | CUSIP: 31816AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2391558.23   | 0.03%             | 2054-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2023, RB                                                                                         | CUSIP: 74442ELF5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1368522.81   | 0.01%             | 2053-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Second Creek Farm Metropolitan District No. 4                                                                                                    | Second Creek Farm Metropolitan District No. 4, Series 2024 A, Ref. GO Bonds                                                                            | CUSIP: 81321DAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1366000 | PA      | $1278597.86   | 0.01%             | 2054-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc.)                                                                                     | Houston (City of), TX Airport System (United Airlines, Inc.), Series 2024 B, RB                                                                        | CUSIP: 442349HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14403335.80  | 0.16%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Highland Meadows Community Development District                                                                                                  | Highland Meadows Community Development District, Series 2006 A, RB                                                                                     | CUSIP: 430375AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $230122.29    | 0.00%             | 2036-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Lifespace Communities, Inc.)                                                                                  | Iowa (State of) Finance Authority (Lifespace Communities, Inc.), Series 2023, Ref. RB                                                                  | CUSIP: 46247SFF6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8828160.00   | 0.10%             | 2053-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Yamhill (County of), OR Hospital Authority (Friendsview)                                                                                         | Yamhill (County of), OR Hospital Authority (Friendsview), Series 2021 A, Ref. RB                                                                       | CUSIP: 98464UAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4010000 | PA      | $3179975.31   | 0.03%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (P.L.C. Charter Schools)                                                             | Pima (County of), AZ Industrial Development Authority (The) (P.L.C. Charter Schools), Series 2016, Ref. RB                                             | CUSIP: 72177MRN9<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   6310000 | PA      | $6162465.89   | 0.07%             | 2046-12-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Lafayette (City of), IN (Glasswater Creek of Lafayette)                                                                                          | Lafayette (City of), IN (Glasswater Creek of Lafayette), Series 2017, RB                                                                               | CUSIP: 506309AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5160000 | PA      | $4942421.38   | 0.05%             | 2037-01-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Housing & Community Development Authority (Lake Meadows Assisted Living)                                                      | Indiana (State of) Housing & Community Development Authority (Lake Meadows Assisted Living), Series 2019 A, RB                                         | CUSIP: 45506CAY3<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   3365000 | PA      | $2626175.89   | 0.03%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Aubrey TX                                                                                                                                | City of Aubrey TX, Series 2025, RB                                                                                                                     | CUSIP: 050197BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1393231.80   | 0.02%             | 2055-12-31      | Fixed         | 5.62%                 | 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: 451295YZ6<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    960000 | PA      | $709058.40    | 0.01%             | 2047-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Aurora Crossroads Metropolitan District No. 2                                                                                                    | Aurora Crossroads Metropolitan District No. 2, Series 2020 B, GO Bonds                                                                                 | CUSIP: 05162QAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4503907.35   | 0.05%             | 2050-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Baltimore (City of), MD (Centerwest Development)                                                                                                 | Baltimore (City of), MD (Centerwest Development), Series 2017 A, RB                                                                                    | CUSIP: 05923TBT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1264056.90   | 0.01%             | 2043-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Forest Trace Metropolitan District No. 3                                                                                                         | Forest Trace Metropolitan District No. 3, Series 2020 B, GO Bonds                                                                                      | CUSIP: 34619QAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    933000 | PA      | $936878.57    | 0.01%             | 2049-12-15      | Fixed         | 7.88%                 | 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        |  27400000 | PA      | $27989565.80  | 0.30%             | 2028-07-15      | Variable      | 10.00%                | No            |                  2 | On Loan: No      |
| Idaho (State of) Health Facilities Authority (St. Luke's Health ystem)                                                                           | Idaho (State of) Health Facilities Authority (St. Luke's Health ystem), Series 2025, Ref. RB                                                           | CUSIP: 451295H36<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10111410.00  | 0.11%             | 2053-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                                                                                        | Tulsa Municipal Airport Trust Trustees/OK, Series 2025, RB                                                                                             | CUSIP: 899661EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2149802.80   | 0.02%             | 2040-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Riserville Holdings)                                                                                          | Iowa (State of) Finance Authority (Riserville Holdings), Series 2021, RB                                                                               | CUSIP: 46247SBQ6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   5795000 | PA      | $4428073.66   | 0.05%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge)                                                                   | Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge), Series 2024, RB                                                        | CUSIP: 546399SZ0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |  45715000 | PA      | $47187813.87  | 0.51%             | 2064-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District (Development Unit No. 8)                                                                                      | West Villages Improvement District (Development Unit No. 8), Series 2022, RB                                                                           | CUSIP: 956454CC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2440843.50   | 0.03%             | 2053-05-01      | 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: 74526QWV0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    190000 | PA      | $104262.50    | 0.00%             | 2025-07-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Rosalind Franklin University)                                                                             | Illinois (State of) Finance Authority (Rosalind Franklin University), Series 2017, Ref. RB                                                             | CUSIP: 45204EVF2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    700000 | PA      | $669555.81    | 0.01%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Platte River Metropolitan District                                                                                                               | Platte River Metropolitan District, Series 2023 A, Ref. GO Bonds                                                                                       | CUSIP: 727810AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6865000 | PA      | $6853321.26   | 0.07%             | 2053-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Muegge Farms Metropolitan District No. 4                                                                                                         | Muegge Farms Metropolitan District No. 4, Series 2025 B, GO Bonds                                                                                      | CUSIP: 62477PAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    842000 | PA      | $847883.48    | 0.01%             | 2054-12-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Anna (City of), TX                                                                                                                               | Anna (City of), TX, Series 2023, RB                                                                                                                    | CUSIP: 035713AT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2674064.75   | 0.03%             | 2052-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Valley Christian Schools)                                                             | Maricopa (County of), AZ Industrial Development Authority (Valley Christian Schools), Series 2023, RB                                                  | CUSIP: 56678RAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1812732.05   | 0.02%             | 2053-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Liberty Draw Metropolitan District No. 6                                                                                                         | Liberty Draw Metropolitan District No. 6, Series 2023, GO Bonds                                                                                        | CUSIP: 53045HAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2787860.04   | 0.03%             | 2053-12-01      | Fixed         | 7.25%                 | 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: 14054WBJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $655704.63    | 0.01%             | 2030-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Denver Health & Hospital Authority                                                                                                               | Denver Health & Hospital Authority, Series 2025, RB                                                                                                    | CUSIP: 24918EEP1<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |   4800000 | PA      | $5091066.24   | 0.06%             | 2055-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Broward (County of), FL                                                                                                                          | Broward (County of), FL, Series 2019 B, RB                                                                                                             | CUSIP: 11506KFK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8455249.00   | 0.09%             | 2049-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Crandall (City of), TX                                                                                                                           | Crandall (City of), TX, Series 2021, RB                                                                                                                | CUSIP: 224384AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $462425.70    | 0.01%             | 2041-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL Industrial Development Authority (Preserve (The))                                                                            | Lee (County of), FL Industrial Development Authority (Preserve (The)), Series 2017 A, RB                                                               | CUSIP: 52349EDR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18210000 | PA      | $12879936.64  | 0.14%             | 2052-12-01      | Fixed         | 5.75%                 | 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: 64542QBN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2131127.39   | 0.02%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Social Certificates)                                                                        | New Hampshire (State of) Business Finance Authority (Social Certificates), Series 2024-3, Revenue Ctfs.                                                | CUSIP: 63607WAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17412195 | PA      | $15358973.25  | 0.17%             | 2041-10-20      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| Rocky Mountain Rail Park Metropolitan District                                                                                                   | Rocky Mountain Rail Park Metropolitan District, Series 2024 B, Ref. GO Bonds                                                                           | CUSIP: 774762AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20350000 | PA      | $20556049.86  | 0.22%             | 2054-12-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Atoka (County of), OK Health Care Authority (Atoka Memorial Hospital)                                                                            | Atoka (County of), OK Health Care Authority (Atoka Memorial Hospital), Series 2007, RB                                                                 | CUSIP: 049593AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3965000 | PA      | $3708752.36   | 0.04%             | 2037-10-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                                                                                            | Montgomery County Industrial Development Authority/PA, Series 2025, RB                                                                                 | CUSIP: 61360PDA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9500440.00   | 0.10%             | 2055-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Princeton (City of), TX (Eastridge Public Improvement District)                                                                                  | Princeton (City of), TX (Eastridge Public Improvement District), Series 2022, RB                                                                       | CUSIP: 742400BX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1280531.04   | 0.01%             | 2052-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (White Plains Hospital Obligated Group)                                                                  | New York (State of) Dormitory Authority (White Plains Hospital Obligated Group), Series 2024, RB                                                       | CUSIP: 65000B7Y8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3135084.90   | 0.03%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Transit System                                                                                                        | Miami-Dade (County of), FL Transit System, Series 2022, RB                                                                                             | CUSIP: 59334PKV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8035000 | PA      | $8114239.56   | 0.09%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St. Louis (City of), MO (Washington Park Redevelopment)                                                                                          | St. Louis (City of), MO (Washington Park Redevelopment), Series 2006, RB                                                                               | CUSIP: 85232CAD6<br>LEI: 5493004O38W8EYGEZ656 | Long             | DBT              | MUN               | US        |   2442000 | PA      | $293040.00    | 0.00%             | 2026-08-21      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| Muegge Farms Metropolitan District No. 4                                                                                                         | Muegge Farms Metropolitan District No. 4, Series 2025 A, GO Bonds                                                                                      | CUSIP: 62477PAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5625000 | PA      | $5386214.25   | 0.06%             | 2054-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Admiral at the Lake (The))                                                                                | Illinois (State of) Finance Authority (Admiral at the Lake (The)), Series 2017, Ref. RB                                                                | CUSIP: 45204EC55<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   6825000 | PA      | $4932233.67   | 0.05%             | 2054-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pilot Point (City of), TX (Mobberly Public Area No. 2)                                                                                           | Pilot Point (City of), TX (Mobberly Public Area No. 2), Series 2022, RB                                                                                | CUSIP: 721614AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3966610.40   | 0.04%             | 2052-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds)                                 | New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds), Series 2024, RB                      | CUSIP: 650116HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  51305000 | PA      | $51390612.65  | 0.56%             | 2060-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Vail Home Partners Corp.                                                                                                                         | Vail Home Partners Corp., Series 2025, RB                                                                                                              | CUSIP: 91879VAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1935000 | PA      | $1954349.61   | 0.02%             | 2064-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                              | Illinois (State of), Series 2024 C, GO Bonds                                                                                                           | CUSIP: 452153MJ5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  36800000 | PA      | $30668067.52  | 0.33%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hunting Hill Metropolitan District                                                                                                               | Hunting Hill Metropolitan District, Series 2018, Ref. GO Bonds                                                                                         | CUSIP: 44582PAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4951000 | PA      | $4907516.36   | 0.05%             | 2048-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Henderson (City of), NV Local Improvement District No. T-22 (Rainbow Canyon Phase II)                                                            | Henderson (City of), NV Local Improvement District No. T-22 (Rainbow Canyon Phase II), Series 2023, RB                                                 | CUSIP: 425208WV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1109826.37   | 0.01%             | 2053-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| 3rd and Havana Metropolitan District                                                                                                             | 3rd and Havana Metropolitan District, Series 2020 B, GO Bonds                                                                                          | CUSIP: 884134AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1897058.63   | 0.02%             | 2049-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The))                                                                | New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The)), Series 2022 A, RB                                                   | CUSIP: 64542UGF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24685000 | PA      | $23966950.38  | 0.26%             | 2043-10-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Midtown Metropoltan District                                                                                                                     | Midtown Metropoltan District, Series 2022, GO Bonds                                                                                                    | CUSIP: 598072AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11285000 | PA      | $9674488.31   | 0.10%             | 2051-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority                                                                                                            | Illinois (State of) Finance Authority, Series 2017, Ref. RB                                                                                            | CUSIP: 45204EA57<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1783558 | PA      | $14268.46     | 0.00%             | 2027-02-15      | Fixed         | 5.00%                 | Yes           |                  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: 224384AS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1180804.88   | 0.01%             | 2055-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lanterns Metropolitan District No. 3                                                                                                             | Lanterns Metropolitan District No. 3, Series 2023 A-2, GO Bonds                                                                                        | CUSIP: 51654GAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3645000 | PA      | $2862262.86   | 0.03%             | 2053-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Health Care Facilities Financing Authority                                                                                 | New Jersey (State of) Health Care Facilities Financing Authority, Series 2018, RB                                                                      | CUSIP: 64579YAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $3520565.23   | 0.04%             | 2038-10-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North)                                                                | New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North), Series 2020, RB                                                     | CUSIP: 64542UFL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12390000 | PA      | $10618710.73  | 0.12%             | 2055-10-01      | Fixed         | 5.25%                 | 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: 45129GDG7<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1136410.35   | 0.01%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Sawgrass Village Community Development District (Series 2023)                                                                                    | Sawgrass Village Community Development District (Series 2023), Series 2023, RB                                                                         | CUSIP: 805462AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1488615.30   | 0.02%             | 2043-05-01      | 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 2009 A, RB                                                                           | CUSIP: 646136WU1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $5105529.00   | 0.06%             | 2039-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North Parkway Municipal Management District No. 1 (Major Improvements)                                                                           | North Parkway Municipal Management District No. 1 (Major Improvements), Series 2021, RB                                                                | CUSIP: 661441AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3208190.65   | 0.03%             | 2051-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 XX, RB                                                                             | CUSIP: 74526QVX7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |  12985000 | PA      | $7125518.75   | 0.08%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chillicothe (City of), MO (South U.S. 65)                                                                                                        | Chillicothe (City of), MO (South U.S. 65), Series 2006, RB                                                                                             | CUSIP: 169165AV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2303572.29   | 0.02%             | 2027-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HTA Trust                                                                                                                                        | HTA Trust, Series 2022 L, RB                                                                                                                           | CUSIP: 40440SAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     17053 | PA      | $17056.90     | 0.00%             | 2038-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Waterstone Community Development District                                                                                                        | Waterstone Community Development District, Series 2007 B, RB                                                                                           | CUSIP: 941887AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2071933 | PA      | $1871294.47   | 0.02%             | 2028-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                                                                               | New York State Dormitory Authority, Series 2018, RB                                                                                                    | CUSIP: 64990AMS1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  23765000 | PA      | $24012954.50  | 0.26%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Pennsylvania LTC, Inc.)                                                          | Montgomery (County of), PA Higher Education & Health Authority (Pennsylvania LTC, Inc.), Series 2017, Ref. RB                                          | CUSIP: 613603XP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $379146.95    | 0.00%             | 2038-12-01      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Vista (The))                                                                                | New Hampshire (State of) Business Finance Authority (Vista (The)), Series 2019 A, RB                                                                   | CUSIP: 63607YAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1381742.18   | 0.01%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Brooklyn Center (City of), MN (Sanctuary at at Brooklyn Center)                                                                                  | Brooklyn Center (City of), MN (Sanctuary at at Brooklyn Center), Series 2016 B, RB                                                                     | CUSIP: 113880EH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3013968 | PA      | $2109777.95   | 0.02%             | 2035-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Lifespace Communities, Inc.)                                                                                  | Iowa (State of) Finance Authority (Lifespace Communities, Inc.), Series 2018 A, RB                                                                     | CUSIP: 46246K4T6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |  13570000 | PA      | $12741301.81  | 0.14%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                                             | New Hope Cultural Education Facilities Finance Corp., Series 2025, RB                                                                                  | CUSIP: 64542UHH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4980798.00   | 0.05%             | 2030-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                                              | Metropolitan Transportation Authority (Green Bonds), Series 2020 A-1, RB                                                                               | CUSIP: 59261AD87<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  22270000 | PA      | $22159808.04  | 0.24%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waterstone Community Development District                                                                                                        | Waterstone Community Development District, Series 2007 A, RB                                                                                           | CUSIP: 941887AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1214282 | PA      | $848730.18    | 0.01%             | 2037-05-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough (County of), FL Aviation Authority (Tampa International Airport)                                                                    | Hillsborough (County of), FL Aviation Authority (Tampa International Airport), Series 2022 A, RB                                                       | CUSIP: 432308P81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14800000 | PA      | $12396400.08  | 0.13%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion)                                                         | Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2012 B, RB                                            | CUSIP: 592250CA0<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $2226890.50   | 0.02%             | 2041-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds)                                                           | California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds), Series 2017, RB                                                | CUSIP: 130536RA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14995000 | PA      | $149.95       | 0.00%             | 2039-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Port Beaumont Navigation District (Jefferson Gulf Coast Energy)                                                                                  | Port Beaumont Navigation District (Jefferson Gulf Coast Energy), Series 2024, RB                                                                       | CUSIP: 73360CAQ7<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1894896.60   | 0.02%             | 2044-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Green Bonds)                                                                      | South Carolina (State of) Jobs-Economic Development Authority (Green Bonds), Series 2021, RB                                                           | CUSIP: 83704DAL0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $150000.00    | 0.00%             | 2040-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Newlin Crossing Metropolitan District                                                                                                            | Newlin Crossing Metropolitan District, Series 2024 A, GO Bonds                                                                                         | CUSIP: 65152HAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1066299.00   | 0.01%             | 2054-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Kalispel Tribe of Indians                                                                                                                        | Kalispel Tribe of Indians, Series 2018 B, RB                                                                                                           | CUSIP: 48340PAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013286.50   | 0.01%             | 2038-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Show Low Bluff Community Facilities District (Assessment Area One)                                                                               | Show Low Bluff Community Facilities District (Assessment Area One), Series 2007, RB                                                                    | CUSIP: 825381AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    151000 | PA      | $148689.75    | 0.00%             | 2031-07-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Crosswinds East Community Development District (Assessment Area One)                                                                             | Crosswinds East Community Development District (Assessment Area One), Series 2024, RB                                                                  | CUSIP: 22769LAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983239.80    | 0.01%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Prisma Health Obligated Group)                                                    | South Carolina (State of) Jobs-Economic Development Authority (Prisma Health Obligated Group), Series 2018 A, Ref. RB                                  | CUSIP: 83703FLP5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   8245000 | PA      | $8112139.25   | 0.09%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 XX, RB                                                                             | CUSIP: 74526QWD0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    845000 | PA      | $463693.75    | 0.01%             | 2027-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Reno-Tahoe Airport Authority (Tahoe International Airport)                                                                                       | Reno-Tahoe Airport Authority (Tahoe International Airport), Series 2024, RB                                                                            | CUSIP: 759874CK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6535000 | PA      | $6588600.72   | 0.07%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Phoenix (City of), AZ Industrial Development Authority (The) (Freedom Academy, Inc.)                                                             | Phoenix (City of), AZ Industrial Development Authority (The) (Freedom Academy, Inc.), Series 2016, RB                                                  | CUSIP: 71885FEP8<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   4135000 | PA      | $3887820.04   | 0.04%             | 2046-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| St. James (Parish of), LA (Nustar Logistics, L.P.)                                                                                               | St. James (Parish of), LA (Nustar Logistics, L.P.), Series 2010 2, RB                                                                                  | CUSIP: 790103AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $471832.06    | 0.01%             | 2040-10-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Housing & Community Development Authority (Glasswater Creek of Whitestown)                                                    | Indiana (State of) Housing & Community Development Authority (Glasswater Creek of Whitestown), Series 2020, RB                                         | CUSIP: 45506CAZ0<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |  11900000 | PA      | $9855606.18   | 0.11%             | 2040-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Broward (County of), FL                                                                                                                          | Broward (County of), FL, Series 2019 B, RB                                                                                                             | CUSIP: 11506KFJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4385413.00   | 0.05%             | 2044-09-01      | Fixed         | 4.00%                 | 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        |   4538175 | PA      | $816871.50    | 0.01%             | 2027-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Olathe (City of), KS                                                                                                                             | Olathe (City of), KS, Series 2006, RB                                                                                                                  | CUSIP: 679445BN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2287794 | PA      | $915117.72    | 0.01%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  3 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks)                                                                  | Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks), Series 2020, Ref. RB                                                  | CUSIP: 87638RKF3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1776937.00   | 0.02%             | 2041-11-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Waxahachie (City of), TX                                                                                                                         | Waxahachie (City of), TX, Series 2015, RB                                                                                                              | CUSIP: 94411PAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5850000 | PA      | $5764421.52   | 0.06%             | 2045-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Evan's Place Metropolitan District                                                                                                               | Evan's Place Metropolitan District, Series 2020 A, GO Bonds                                                                                            | CUSIP: 299192AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1358173.22   | 0.01%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parterre Metropolitan District No 5                                                                                                              | Parterre Metropolitan District No 5, Series 2025, GO Bonds                                                                                             | CUSIP: 70211AAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1738321.23   | 0.02%             | 2045-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Crowley Independent School District                                                                                                              | Crowley Independent School District, Series 2023, GO Bonds                                                                                             | CUSIP: 228130KJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7768991.25   | 0.08%             | 2053-02-01      | 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: 08675RAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1413372.45   | 0.02%             | 2049-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels)                                                                                     | Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2020 A, RB                                                                        | CUSIP: 89602RGA7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   3110000 | PA      | $3119137.18   | 0.03%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                        | New Jersey (State of) Transportation Trust Fund Authority, Series 2024 CC, RB                                                                          | CUSIP: 64613CGK8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14333650.80  | 0.16%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Broadway-Fairview Transportation Development District                                                                                            | Broadway-Fairview Transportation Development District, Series 2006 A, RB                                                                               | CUSIP: 11144RAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $176700.00    | 0.00%             | 2036-12-01      | Fixed         | 6.12%                 | No            |                  3 | On Loan: No      |
| Parrish Lakes Community Development District                                                                                                     | Parrish Lakes Community Development District, Series 2024, RB                                                                                          | CUSIP: 70183FAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1462813.43   | 0.02%             | 2054-05-01      | Fixed         | 5.80%                 | 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 2006 C, RB                      | CUSIP: 13016NCK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 212950000 | PA      | $20423502.13  | 0.22%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Celina (City of), TX (Cross Creek Meadows Public Improvement District Improvement Area #1)                                                       | Celina (City of), TX (Cross Creek Meadows Public Improvement District Improvement Area #1), Series 2023, RB                                            | CUSIP: 15114CGF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2305000 | PA      | $2147856.16   | 0.02%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District (Develepmont Unit No. 7)                                                                                      | West Villages Improvement District (Develepmont Unit No. 7), Series 2021, RB                                                                           | CUSIP: 956454BV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $429091.98    | 0.00%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                                                                                     | New York City Transitional Finance Authority, Series 2025, RB                                                                                          | CUSIP: 64972JSE9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  35000000 | PA      | $35000000.00  | 0.38%             | 2054-11-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Salt Lake City (City of), UT                                                                                                                     | Salt Lake City (City of), UT, Series 2021 A, RB                                                                                                        | CUSIP: 795576LC9<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |  10420000 | PA      | $8768796.78   | 0.10%             | 2051-07-01      | Fixed         | 4.00%                 | 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: 650116CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $14840727.00  | 0.16%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (CABS)                                                                                             | Wisconsin (State of) Public Finance Authority (CABS), Series 2024, RB                                                                                  | CUSIP: 74447TAD4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  19324000 | PA      | $12840564.18  | 0.14%             | 2031-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District (Develepmont Unit No. 2)                                                                                      | West Villages Improvement District (Develepmont Unit No. 2), Series 2005 A-1, RB                                                                       | CUSIP: 956454BQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6460000 | PA      | $6465585.32   | 0.07%             | 2036-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Leap Academy University Charter School, Inc.)                                              | New Jersey (State of) Economic Development Authority (Leap Academy University Charter School, Inc.), Series 2014 A, RB                                 | CUSIP: 645912DT0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    650000 | PA      | $650203.19    | 0.01%             | 2049-10-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North)                                                                | New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North), Series 2018, Ref. RB                                                | CUSIP: 64542UEV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4550000 | PA      | $4003245.16   | 0.04%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QAS9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    154473 | PA      | $2598.19      | 0.00%             | 2055-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mobile (County of), AL Industrial Development Authority (AM/NS Calvert LLC)                                                                      | Mobile (County of), AL Industrial Development Authority (AM/NS Calvert LLC), Series 2024, RB                                                           | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  44185000 | PA      | $39924023.94  | 0.43%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Nevada (State of) Department of Business & Industry (Brightline West Passenger Rail) (Green Bonds)                                               | Nevada (State of) Department of Business & Industry (Brightline West Passenger Rail) (Green Bonds), Series 2025, RB                                    | CUSIP: 641455AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7634035.20   | 0.08%             | 2033-01-01      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| Broward (County of), FL (Convention Center Expansion)                                                                                            | Broward (County of), FL (Convention Center Expansion), Series 2021, RB                                                                                 | CUSIP: 115085AW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $17044210.00  | 0.18%             | 2047-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Economic Development Finance Authority (Green Bonds)                                                                       | Washington (State of) Economic Development Finance Authority (Green Bonds), Series 2020 A, RB                                                          | CUSIP: 93975YAH4<br>LEI: 549300TQ7IXFA28IYO51 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8005872.00   | 0.09%             | 2040-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| St. Louis (City of), MO (Abbey Condominiums)                                                                                                     | St. Louis (City of), MO (Abbey Condominiums), Series 2007, RB                                                                                          | CUSIP: 791698AE3<br>LEI: 5493004O38W8EYGEZ656 | Long             | DBT              | MUN               | US        |   2030982 | PA      | $304647.33    | 0.00%             | 2028-05-29      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| Mariposa East Public Improvement District                                                                                                        | Mariposa East Public Improvement District, Series 2015 D, RB                                                                                           | CUSIP: 57025RAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $178277.29    | 0.00%             | 2032-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mida Cormont Public Infrastructure District                                                                                                      | Mida Cormont Public Infrastructure District, Series 2025, GO Bonds                                                                                     | CUSIP: 59561JAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6725000 | PA      | $5441239.20   | 0.06%             | 2055-06-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL                                                                                                                              | Lee (County of), FL, Series 2024, RB                                                                                                                   | CUSIP: 523470HW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27650000 | PA      | $27983129.97  | 0.30%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (Green Bonds)                                                                                               | Triborough Bridge & Tunnel Authority (Green Bonds), Series 2022 D-2, RB                                                                                | CUSIP: 89602HEN3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  16700000 | PA      | $17330495.14  | 0.19%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Baltimore (City of), MD (Convention Center Hotel)                                                                                                | Baltimore (City of), MD (Convention Center Hotel), Series 2017, Ref. RB                                                                                | CUSIP: 05921PBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006834.00   | 0.01%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Celebrate North Community Development Authority (Celebrate VA North)                                                                             | Celebrate North Community Development Authority (Celebrate VA North), Series 2003 B, RB                                                                | CUSIP: 15101JAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1287000 | PA      | $810810.00    | 0.01%             | 2034-03-01      | Fixed         | 6.75%                 | No            |                  3 | On Loan: No      |
| Southeast Energy Authority, A Cooperative District (No. 2)                                                                                       | Southeast Energy Authority, A Cooperative District (No. 2), Series 2024 A, RB                                                                          | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20645352.00  | 0.22%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parterre Metropolitan District No 5                                                                                                              | Parterre Metropolitan District No 5, Series 2025, GO Bonds                                                                                             | CUSIP: 70211AAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2570157.75   | 0.03%             | 2055-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority                                                                                                          | New York (State of) Dormitory Authority, Series 2022 A, Ref. RB                                                                                        | CUSIP: 64990FX66<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5710000 | PA      | $4917110.54   | 0.05%             | 2049-03-15      | Fixed         | 4.00%                 | 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        |     70000 | PA      | $70001.27     | 0.00%             | 2028-03-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Second Creek Farm Metropolitan District No. 3                                                                                                    | Second Creek Farm Metropolitan District No. 3, Series 2021 C, GO Bonds                                                                                 | CUSIP: 81321CAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8288000 | PA      | $7782777.61   | 0.08%             | 2052-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Texas State Technical College                                                                                                                    | Texas State Technical College, Series 2022, RB                                                                                                         | CUSIP: 88276RFL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6487481.40   | 0.07%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lafayette (City of), IN (Glasswater Creek of Lafayette)                                                                                          | Lafayette (City of), IN (Glasswater Creek of Lafayette), Series 2017, RB                                                                               | CUSIP: 506309AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $757784.90    | 0.01%             | 2033-01-01      | Fixed         | 5.60%                 | 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 2023, RB                                     | CUSIP: 82652UAG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $14992074.00  | 0.16%             | 2058-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Marion (County of), OH (United Church Homes, Inc.)                                                                                               | Marion (County of), OH (United Church Homes, Inc.), Series 2019, Ref. RB                                                                               | CUSIP: 569120AV0<br>LEI: 549300Y83A05IEINZY87 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $1843143.41   | 0.02%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| International Falls (City of), MN (Boise Cascade Corp.)                                                                                          | International Falls (City of), MN (Boise Cascade Corp.), Series 1999, Ref. RB                                                                          | CUSIP: 459500AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6570000 | PA      | $6583066.42   | 0.07%             | 2029-12-01      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Maypearl Independent School District                                                                                                             | Maypearl Independent School District, Series 2023, GO Bonds                                                                                            | CUSIP: 578469PR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2050737.00   | 0.02%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Ascent Academies of Utah)                                                                      | Utah (State of) Charter School Finance Authority (Ascent Academies of Utah), Series 2022, RB                                                           | CUSIP: 91754TS38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4986991.80   | 0.05%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dardenne Town Square Transportation Development District                                                                                         | Dardenne Town Square Transportation Development District, Series 2006 A, RB                                                                            | CUSIP: 23719TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3825000 | PA      | $1300500.00   | 0.01%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Evanston (City of), IL (Roycemore School)                                                                                                        | Evanston (City of), IL (Roycemore School), Series 2021, RB                                                                                             | CUSIP: 299231AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $895194.25    | 0.01%             | 2051-04-01      | Fixed         | 4.62%                 | 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: 18610RCE2<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1423989.15   | 0.02%             | 2039-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Lake (County of), FL (Village Veranda at Lady Lake)                                                                                              | Lake (County of), FL (Village Veranda at Lady Lake), Series 2017 A-1, RB                                                                               | CUSIP: 50832PAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21000000 | PA      | $13230000.00  | 0.14%             | 2052-01-01      | Fixed         | 7.12%                 | Yes           |                  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: 64542QBP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $16763.28     | 0.00%             | 2050-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reunion East Community Development District                                                                                                      | Reunion East Community Development District, Series 2002 A-2, RB                                                                                       | CUSIP: 761311AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $14.25        | 0.00%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                                                                            | Metropolitan Transportation Authority, Series 2016 C-1, RB                                                                                             | CUSIP: 59261AHP5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   5005000 | PA      | $5002217.22   | 0.05%             | 2056-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sierra (City of), AZ Vista Industrial Development Authority (American Leadership Academy Project)                                                | Sierra (City of), AZ Vista Industrial Development Authority (American Leadership Academy Project), Series 2023, RB                                     | CUSIP: 82652UAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5010482.50   | 0.05%             | 2053-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                         | Chicago (City of), IL Board of Education, Series 2016 B, GO Bonds                                                                                      | CUSIP: 167505RD0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1516381.50   | 0.02%             | 2046-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2023, RB                                                                                         | CUSIP: 74442ELE8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    650000 | PA      | $659883.51    | 0.01%             | 2043-07-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group)                           | Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group), Series 2017, Ref. RB           | CUSIP: 97712DZD1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1045411.13   | 0.01%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Academy of Warren                                                                                                                                | Academy of Warren, Series 2020 A, RB                                                                                                                   | CUSIP: 93466RAH5<br>LEI: 5493008UDWQ0IPXN1T25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $885429.40    | 0.01%             | 2050-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Weems Neighborhood Metropolitan District                                                                                                         | Weems Neighborhood Metropolitan District, Series 2025, GO Bonds                                                                                        | CUSIP: 948572AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1149000 | PA      | $1151753.92   | 0.01%             | 2055-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  32876969 | PA      | $27040846.72  | 0.29%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Six Mile Creek Community Development District (2023 Project Area)                                                                                | Six Mile Creek Community Development District (2023 Project Area), Series 2023, Ref. RB                                                                | CUSIP: 83005TBM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1204746.12   | 0.01%             | 2043-05-01      | Fixed         | 5.50%                 | 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: 97712JJX2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2696255.65   | 0.03%             | 2059-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                                                                                         | New Hampshire Business Finance Authority, Series 2025, RB                                                                                              | CUSIP: 63608TAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $6129709.00   | 0.07%             | 2032-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                                               | Greater Orlando Aviation Authority, Series 2017 A, RB                                                                                                  | CUSIP: 392274X92<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |  25100000 | PA      | $21023624.46  | 0.23%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Plainfield (Town of), IN (Glasswater Creek of Plainfield)                                                                                        | Plainfield (Town of), IN (Glasswater Creek of Plainfield), Series 2018, RB                                                                             | CUSIP: 72629VAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7845000 | PA      | $7536852.32   | 0.08%             | 2038-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| St. Louis (County of), MO Industrial Development Authority                                                                                       | St. Louis (County of), MO Industrial Development Authority, Series 2019 A, Ref. RB                                                                     | CUSIP: 79152CAQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2933940.13   | 0.03%             | 2033-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Kalispel Tribe of Indians                                                                                                                        | Kalispel Tribe of Indians, Series 2018 A, RB                                                                                                           | CUSIP: 48340PAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3039859.50   | 0.03%             | 2038-01-01      | Fixed         | 5.25%                 | 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        |   7000000 | PA      | $7010444.00   | 0.08%             | 2026-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels)                                                                                     | Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2023 A, RB                                                                        | CUSIP: 896035CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  72000000 | PA      | $63122162.40  | 0.68%             | 2058-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                                                                                             | Triborough Bridge & Tunnel Authority, Series 2021 A-1, Ref. RB                                                                                         | CUSIP: 89602HAB3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  80870000 | PA      | $81678700.00  | 0.89%             | 2051-05-15      | Fixed         | 5.00%                 | 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: 89441AAY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $762168.46    | 0.01%             | 2054-09-01      | Fixed         | 5.12%                 | 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 2016, Ref. RB                        | CUSIP: 650116BN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  26115000 | PA      | $26114764.97  | 0.28%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gladieux Metals Recycling, LLC                                                                                                                   | Gladieux Metals Recycling, LLC                                                                                                                         | CUSIP: 37654HAA1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2855000 | PA      | $2740800.00   | 0.03%             | 2026-05-08      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| Base Village Metropolitan District No. 2                                                                                                         | Base Village Metropolitan District No. 2, Series 2016 A, Ref. GO Bonds                                                                                 | CUSIP: 069781AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3100013.33   | 0.03%             | 2046-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Princeton (City of), TX (Eastridge Public Improvement District)                                                                                  | Princeton (City of), TX (Eastridge Public Improvement District), Series 2022, RB                                                                       | CUSIP: 742400BW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    836000 | PA      | $789455.62    | 0.01%             | 2042-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Red Bridge Public Infrastructure District No. 1                                                                                                  | Red Bridge Public Infrastructure District No. 1, Series 2021 B, GO Bonds                                                                               | CUSIP: 756423AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $487640.16    | 0.01%             | 2051-08-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Two Bridges Metropolitan District                                                                                                                | Two Bridges Metropolitan District, Series 2018 B, GO Bonds                                                                                             | CUSIP: 90185TAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    508000 | PA      | $508336.35    | 0.01%             | 2048-08-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| St. John the Baptist Parish School District No. 1                                                                                                | St. John the Baptist Parish School District No. 1, Series 2023, GO Bonds                                                                               | CUSIP: 790229SX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10041146.00  | 0.11%             | 2043-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Housing & Finance Association                                                                                                   | Idaho (State of) Housing & Finance Association, Series 2023 A, RB                                                                                      | CUSIP: 45130ABU8<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   7750000 | PA      | $6954055.63   | 0.08%             | 2048-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Murphy Creek Metropolitan District No. 2                                                                                                         | Murphy Creek Metropolitan District No. 2, Series 2024 B, GO Bonds                                                                                      | CUSIP: 62665PAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2670000 | PA      | $2685948.98   | 0.03%             | 2054-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Pilot Point (City of), TX (Mobberly Public Area No. 2)                                                                                           | Pilot Point (City of), TX (Mobberly Public Area No. 2), Series 2022, RB                                                                                | CUSIP: 721614AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $412767.96    | 0.00%             | 2032-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Norwood (City of), OH (Central Park)                                                                                                             | Norwood (City of), OH (Central Park), Series 2017, RB                                                                                                  | CUSIP: 669679BH4<br>LEI: 5493000KZUQ48Z2VEE89 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1016545.97   | 0.01%             | 2046-12-01      | Fixed         | 6.00%                 | 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: 74443DLE9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1032117.02   | 0.01%             | 2064-06-15      | Fixed         | 6.00%                 | 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: 14043FAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4790000 | PA      | $4191239.46   | 0.05%             | 2064-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Midlothian (City of), TX (Westside Preserve Public Improvement District)                                                                         | Midlothian (City of), TX (Westside Preserve Public Improvement District), Series 2022, RB                                                              | CUSIP: 59785RAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1454089.20   | 0.02%             | 2042-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                                                                                              | Georgia Housing & Finance Authority, Series 2025, RB                                                                                                   | CUSIP: 37353PPU7<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |  10145000 | PA      | $9921911.45   | 0.11%             | 2050-12-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Plano (City of), TX                                                                                                                              | Plano (City of), TX, Series 2023, RB                                                                                                                   | CUSIP: 727220AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3132357.02   | 0.03%             | 2053-09-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                                                                                | Oregon State Facilities Authority, Series 2025, RB                                                                                                     | CUSIP: 68607AAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1255025.99   | 0.01%             | 2065-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Wedum Walnut Ridge LLC)                                                                                       | Iowa (State of) Finance Authority (Wedum Walnut Ridge LLC), Series 2007 B, RB                                                                          | CUSIP: 46247AAA1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |     60000 | PA      | $60000.00     | 0.00%             | 2025-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                                                                                         | Arlington Higher Education Finance Corp., Series 2025, RB                                                                                              | CUSIP: 041807ML9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4663068.50   | 0.05%             | 2060-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Neuweiler Lofts)                                                    | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Neuweiler Lofts), Series 2023, RB                                         | CUSIP: 018444CB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7965000 | PA      | $7648782.33   | 0.08%             | 2042-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                       | Miami-Dade (County of), FL, Subseries 2021 B-1, Ref. RB                                                                                                | CUSIP: 59335KDL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  44465000 | PA      | $37040834.58  | 0.40%             | 2050-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clackamas (County of), OR Hospital Facility Authority (Rose Villa)                                                                               | Clackamas (County of), OR Hospital Facility Authority (Rose Villa), Series 2020 A, Ref. RB                                                             | CUSIP: 179027YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $916473.30    | 0.01%             | 2055-11-15      | Fixed         | 5.38%                 | 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        |   5000000 | PA      | $5085216.50   | 0.06%             | 2034-12-01      | Fixed         | 7.00%                 | 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 2020, Ref. RB                        | CUSIP: 650116CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12755000 | PA      | $13031450.59  | 0.14%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QBD1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    151210 | PA      | $1287.63      | 0.00%             | 2066-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lanterns Metropolitan District No. 3                                                                                                             | Lanterns Metropolitan District No. 3, Series 2023 B, GO Bonds                                                                                          | CUSIP: 51654GAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2204317.91   | 0.02%             | 2053-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Waterford Estates Community Development District                                                                                                 | Waterford Estates Community Development District, Series 2006 A, RB                                                                                    | CUSIP: 941386AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1944851.94   | 0.02%             | 2037-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Kalispell MT                                                                                                                             | City of Kalispell MT, Series 2025, RB                                                                                                                  | CUSIP: 48343AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3992040.80   | 0.04%             | 2060-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ledge Rock Center Commercial Metropolitan District                                                                                               | Ledge Rock Center Commercial Metropolitan District, Series 2022 A, GO Bonds                                                                            | CUSIP: 523278AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10830000 | PA      | $11197461.90  | 0.12%             | 2052-11-01      | Fixed         | 7.38%                 | 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        |  25500000 | PA      | $24976372.80  | 0.27%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reno (City of), NV (ReTRAC - Reno Transportation Rail Access Corridor)                                                                           | Reno (City of), NV (ReTRAC - Reno Transportation Rail Access Corridor), Series 2018 C, Ref. RB                                                         | CUSIP: 759861EJ2<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |  18500000 | PA      | $2740710.25   | 0.03%             | 2058-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Lariat)                                                                                           | Wisconsin (State of) Public Finance Authority (Lariat), Series 2023, RB                                                                                | CUSIP: 74447TAA0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5562000 | PA      | $4092578.00   | 0.04%             | 2029-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Uwharrie Charter Academy)                                                                         | Wisconsin (State of) Public Finance Authority (Uwharrie Charter Academy), Series 2022, RB                                                              | CUSIP: 74442EJK7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4590000 | PA      | $3981168.17   | 0.04%             | 2062-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mariposa East Public Improvement District                                                                                                        | Mariposa East Public Improvement District, Series 2015 B, RB                                                                                           | CUSIP: 57025SAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $256209.16    | 0.00%             | 2032-09-01      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| Remuda Ranch Metropolitan District                                                                                                               | Remuda Ranch Metropolitan District, Series 2020 A, GO Bonds                                                                                            | CUSIP: 75971UAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $1933732.59   | 0.02%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2013 A, RB                                                                              | CUSIP: 74526QA93<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    160000 | PA      | $87800.00     | 0.00%             | 2030-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QAY6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    153385 | PA      | $1789.97      | 0.00%             | 2061-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                                    | Denver (City & County of), CO, Series 2018 A, Ref. RB                                                                                                  | CUSIP: 249182LY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7410000 | PA      | $7444918.88   | 0.08%             | 2048-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Verve Metropolitan District No. 1                                                                                                                | Verve Metropolitan District No. 1, Series 2024 A, GO Bonds                                                                                             | CUSIP: 92538YAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $5328333.75   | 0.06%             | 2054-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Villages of Glen Creek Community Development District                                                                                            | Villages of Glen Creek Community Development District, Series 2016 A-1, RB                                                                             | CUSIP: 92716AAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1810270.84   | 0.02%             | 2046-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)                                                      | California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2002 B, RB                                         | CUSIP: 130923AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12035000 | PA      | $12061851.29  | 0.13%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Water Development Board                                                                                                         | Texas (State of) Water Development Board, Series 2023 A, RB                                                                                            | CUSIP: 88285ADU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7107994.60   | 0.08%             | 2058-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Housing & Community Development Authority (Evergreen Village at Bloomington)                                                  | Indiana (State of) Housing & Community Development Authority (Evergreen Village at Bloomington), Series 2016, RB                                       | CUSIP: 45506CAQ0<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   3740000 | PA      | $3357654.56   | 0.04%             | 2037-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Waterfront-30 E. Allen Street)                                      | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Waterfront-30 E. Allen Street), Series 2024, RB                           | CUSIP: 018444CF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1628913.23   | 0.02%             | 2042-05-01      | Fixed         | 6.00%                 | 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: 14054WAX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $473091.52    | 0.01%             | 2035-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Paragon Academy of Technology and Sunshine Elementary Charter School)                                                | Capital Trust Agency, Inc. (Paragon Academy of Technology and Sunshine Elementary Charter School), Series 2019 B, RB                                   | CUSIP: 14054CBS7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    235000 | PA      | $229711.96    | 0.00%             | 2028-06-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QBC3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    140331 | PA      | $1294.67      | 0.00%             | 2065-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority (Convention Center Hotel)                                                                            | George L Smith II Congress Center Authority (Convention Center Hotel), Series 2021, RB                                                                 | CUSIP: 37255MAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4266700.80   | 0.05%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Plato Academy Schools)                                                                                                  | Capital Trust Authority (Plato Academy Schools), Series 2024, RB                                                                                       | CUSIP: 14054UAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4170000 | PA      | $3748159.46   | 0.04%             | 2054-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Villa St. Benedict)                                                                                       | Illinois (State of) Finance Authority (Villa St. Benedict), Series 2015, Ref. RB                                                                       | CUSIP: 45203H3N0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2970000 | PA      | $2975488.86   | 0.03%             | 2035-11-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QAX8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    155561 | PA      | $1934.18      | 0.00%             | 2060-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Leap Academy University Charter School, Inc.)                                              | New Jersey (State of) Economic Development Authority (Leap Academy University Charter School, Inc.), Series 2014 A, RB                                 | CUSIP: 645912DS2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    750000 | PA      | $750228.45    | 0.01%             | 2044-10-01      | Fixed         | 6.20%                 | 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: 97712D4B9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3407432.71   | 0.04%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL Industrial Development Authority (Preserve)                                                                                  | Lee (County of), FL Industrial Development Authority (Preserve), Series 2017 A, RB                                                                     | CUSIP: 52349EDN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $265646.36    | 0.00%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 TT, RB                                                                             | CUSIP: 74526QKU5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    895000 | PA      | $491131.25    | 0.01%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                             | San Diego (County of), CA Regional Airport Authority, Series 2021 B, RB                                                                                | CUSIP: 79739GNY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5180000 | PA      | $5088813.87   | 0.06%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring Branch Independent School District                                                                                                        | Spring Branch Independent School District, Series 2023, GO Bonds                                                                                       | CUSIP: 849476WT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7176179.20   | 0.08%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Uplands Metropolitan District No. 1                                                                                                              | Uplands Metropolitan District No. 1, Series 2023 A, GO Bonds                                                                                           | CUSIP: 91544CAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7970000 | PA      | $8030760.09   | 0.09%             | 2053-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Brooklyn Center (City of), MN (Sanctuary at at Brooklyn Center)                                                                                  | Brooklyn Center (City of), MN (Sanctuary at at Brooklyn Center), Series 2016 A, RB                                                                     | CUSIP: 113880EG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8725789 | PA      | $6108052.46   | 0.07%             | 2035-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (Paideia Academies (The))                                                                  | Pima (County of), AZ Industrial Development Authority (Paideia Academies (The)), Series 2015, RB                                                       | CUSIP: 72177MQV2<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1025385.71   | 0.01%             | 2035-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Celina (City of), TX (Mosaic Public Improvement District Phase #1)                                                                               | Celina (City of), TX (Mosaic Public Improvement District Phase #1), Series 2023, RB                                                                    | CUSIP: 15114CFZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1127378.88   | 0.01%             | 2043-09-01      | Fixed         | 5.12%                 | 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: 74526QWU2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    215000 | PA      | $117443.75    | 0.00%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                         | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74442PL78<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6250000 | PA      | $3073956.88   | 0.03%             | 2037-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                                       | Texas (State of) Transportation Commission, Series 2019, RB                                                                                            | CUSIP: 88283NAY8<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    400000 | PA      | $89919.08     | 0.00%             | 2053-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Osceola (County of), FL                                                                                                                          | Osceola (County of), FL, Series 2020 A-2, Ref. RB                                                                                                      | CUSIP: 688031FK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4570000 | PA      | $940752.32    | 0.01%             | 2054-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Grand Rapids Economic Development Corp. (Clark Retirement Community, Inc.)                                                                       | Grand Rapids Economic Development Corp. (Clark Retirement Community, Inc.), Series 2019 A, Ref. RB                                                     | CUSIP: 38625KAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19320000 | PA      | $15425375.87  | 0.17%             | 2049-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                             | San Diego (County of), CA Regional Airport Authority, Series 2021 B, RB                                                                                | CUSIP: 79739GNV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8040000 | PA      | $7037594.51   | 0.08%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Brainerd MN                                                                                                                              | City of Brainerd MN, Series 2025, RB                                                                                                                   | CUSIP: 10501DAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3230787.63   | 0.04%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (LA Posada at Pusch Ridge)                                                           | Pima (County of), AZ Industrial Development Authority (The) (LA Posada at Pusch Ridge), Series 2022, RB                                                | CUSIP: 72178AAH5<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7814478.00   | 0.08%             | 2052-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Cuyahoga (County of), OH (MetroHealth System)                                                                                                    | Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB                                                                                    | CUSIP: 2322655V6<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |  10810000 | PA      | $10488296.56  | 0.11%             | 2057-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (DePaul College Prep Foundation)                                                                           | Illinois (State of) Finance Authority (DePaul College Prep Foundation), Series 2023, Ref. RB                                                           | CUSIP: 45204FUE3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3557534.05   | 0.04%             | 2053-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Wichita (City of), KS (Presbyterian Manors, Inc.)                                                                                                | Wichita (City of), KS (Presbyterian Manors, Inc.), Series 2024 VIII, Ref. RB                                                                           | CUSIP: 967249RN5<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   4890000 | PA      | $4595725.67   | 0.05%             | 2050-05-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Hamilton Bluff Community Development District (Assessment Area One)                                                                              | Hamilton Bluff Community Development District (Assessment Area One), Series 2024, RB                                                                   | CUSIP: 40702EAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969684.10    | 0.01%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                              | Illinois (State of), Series 2018 A, Ref. GO Bonds                                                                                                      | CUSIP: 4521522M2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6782321.00   | 0.07%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Esperanza Elementary School)                                                                   | Utah (State of) Charter School Finance Authority (Esperanza Elementary School), Series 2018 A, RB                                                      | CUSIP: 91754TXB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2008694.58   | 0.02%             | 2048-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Glen Retirement System)                        | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Glen Retirement System), Series 2019 A, RB           | CUSIP: 54628DAK6<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |  16535000 | PA      | $11473773.74  | 0.12%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parterre Metropolitan District No 5                                                                                                              | Parterre Metropolitan District No 5, Series 2025, GO Bonds                                                                                             | CUSIP: 70211AAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1479000 | PA      | $1478020.31   | 0.02%             | 2055-12-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Galveston (City of), TX                                                                                                                          | Galveston (City of), TX, Series 2014, RB                                                                                                               | CUSIP: 364542AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2770000 | PA      | $2418691.15   | 0.03%             | 2038-09-01      | Fixed         | 6.00%                 | 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        |   5000000 | PA      | $3226252.50   | 0.04%             | 2032-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| St. Louis (City of), MO (Printers Lofts Tax Increment Financing)                                                                                 | St. Louis (City of), MO (Printers Lofts Tax Increment Financing), Series 2006, RB                                                                      | CUSIP: 85232CAB0<br>LEI: 5493004O38W8EYGEZ656 | Long             | DBT              | MUN               | US        |   1660000 | PA      | $116200.00    | 0.00%             | 2026-08-21      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                                                                                              | Pennsylvania Housing Finance Agency, Series 2025, RB                                                                                                   | CUSIP: 70879QN82<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9653362.00   | 0.10%             | 2055-10-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Westside Community Development District                                                                                                          | Westside Community Development District, Series 2019-2, RB                                                                                             | CUSIP: 96149TAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $808205.13    | 0.01%             | 2037-05-01      | Fixed         | 5.65%                 | No            |                  3 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                                             | Babcock Ranch Community Independent Special District, Series 2024, RB                                                                                  | CUSIP: 05616KBV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $942179.90    | 0.01%             | 2055-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Two Bridges Metropolitan District                                                                                                                | Two Bridges Metropolitan District, Series 2018 A, GO Bonds                                                                                             | CUSIP: 90185TAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1572000 | PA      | $1518564.26   | 0.02%             | 2048-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Golden Door Charter School)                                                                | New Jersey (State of) Economic Development Authority (Golden Door Charter School), Series 2018 A, RB                                                   | CUSIP: 645912EX0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    690000 | PA      | $707214.95    | 0.01%             | 2052-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City of Hutto TX                                                                                                                                 | City of Hutto TX, Series 2025, RB                                                                                                                      | CUSIP: 448529AX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $927469.60    | 0.01%             | 2060-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Celina (City of), TX (Ten Mile Creek Public Improvement District Major Improvement Area)                                                         | Celina (City of), TX (Ten Mile Creek Public Improvement District Major Improvement Area), Series 2023, RB                                              | CUSIP: 15114CFV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256658.03    | 0.00%             | 2030-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Seattle (Port of), WA                                                                                                                            | Seattle (Port of), WA, Series 2019, RB                                                                                                                 | CUSIP: 735389J33<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |  15295000 | PA      | $15129746.70  | 0.16%             | 2044-04-01      | Fixed         | 5.00%                 | 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: 56678RAQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2403992.75   | 0.03%             | 2058-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| 3rd and Havana Metropolitan District                                                                                                             | 3rd and Havana Metropolitan District, Series 2020 A, GO Bonds                                                                                          | CUSIP: 884134AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5200000 | PA      | $4214661.36   | 0.05%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge)                                                                   | Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge), Series 2024, RB                                                        | CUSIP: 546399SY3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |  21450000 | PA      | $21800201.28  | 0.24%             | 2059-09-01      | 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: 650116HA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  32750000 | PA      | $32602818.23  | 0.35%             | 2060-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                                                                                        | Central Texas Regional Mobility Authority, Series 2020 E, RB                                                                                           | CUSIP: 155498KQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8543395.00   | 0.09%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                                                                                         | Arlington Higher Education Finance Corp., Series 2025, RB                                                                                              | CUSIP: 041807MK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3746843.60   | 0.04%             | 2055-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                                                  | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                                  | CUSIP: 340618DU8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  81645000 | PA      | $75076798.55  | 0.81%             | 2047-07-01      | Fixed         | 5.25%                 | 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        |   2075000 | PA      | $1348750.00   | 0.01%             | 2041-02-15      | Fixed         | 6.38%                 | Yes           |                  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        |  16670000 | PA      | $14783016.01  | 0.16%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MTA Hudson Rail Yards Trust Obligations                                                                                                          | MTA Hudson Rail Yards Trust Obligations, Series 2016 A, RB                                                                                             | CUSIP: 62476RAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  64835000 | PA      | $63831399.58  | 0.69%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine (State of) Finance Authority (Casella Waste Systems, Inc.)                                                                                 | Maine (State of) Finance Authority (Casella Waste Systems, Inc.), Series 2024, Ref. RB                                                                 | CUSIP: 56042CAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2071241.96   | 0.02%             | 2035-06-01      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| White Buffalo Metropolitan District No. 3                                                                                                        | White Buffalo Metropolitan District No. 3, Series 2020, GO Bonds                                                                                       | CUSIP: 96350BAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2785000 | PA      | $2664498.34   | 0.03%             | 2050-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Southwestern Illinois Development Authority                                                                                                      | Southwestern Illinois Development Authority, Series 2006, RB                                                                                           | CUSIP: 84552YFD8<br>LEI: 549300B1KLLJ8NU5XK71 | Long             | DBT              | MUN               | US        |    657285 | PA      | $138029.76    | 0.00%             | 2026-11-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QAV2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    163176 | PA      | $2293.01      | 0.00%             | 2058-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Thruway Authority (Group 5)                                                                                                  | New York (State of) Thruway Authority (Group 5), Series 2021 A-1, Ref. RB                                                                              | CUSIP: 650028XT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17075000 | PA      | $14299591.94  | 0.16%             | 2057-03-15      | Fixed         | 4.00%                 | 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: 939783ZB5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   3265000 | PA      | $2795871.74   | 0.03%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Pennsylvania LTC, Inc.)                                                          | Montgomery (County of), PA Higher Education & Health Authority (Pennsylvania LTC, Inc.), Series 2017, Ref. RB                                          | CUSIP: 613603XM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1313838.39   | 0.01%             | 2037-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| St. Louis (City of), MO (Washington Park Redevelopment)                                                                                          | St. Louis (City of), MO (Washington Park Redevelopment), Series 2007 A, RN                                                                             | CUSIP: 85232CAG9<br>LEI: 5493004O38W8EYGEZ656 | Long             | DBT              | MUN               | US        |   2079000 | PA      | $644490.00    | 0.01%             | 2028-01-20      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| Pinal (County of), AZ Industrial Development Authority (Green Bonds)                                                                             | Pinal (County of), AZ Industrial Development Authority (Green Bonds), Series 2021 B, RB                                                                | CUSIP: 72206FAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5853000 | PA      | $5957633.50   | 0.06%             | 2033-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Downtown East Streetcar Sewer Public Infrastructure District                                                                                     | Downtown East Streetcar Sewer Public Infrastructure District, Series 2022 A, GO Bonds                                                                  | CUSIP: 261151AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6238945.70   | 0.07%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Nassau County Tobacco Settlement Corp.                                                                                                           | Nassau County Tobacco Settlement Corp., Series 2006 A-3, RB                                                                                            | CUSIP: 63166MCB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3775000 | PA      | $3171217.06   | 0.03%             | 2046-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Lee's Summit (City of), MO Industrial Development Authority (Summit Fair Community Improvement District)                                         | Lee's Summit (City of), MO Industrial Development Authority (Summit Fair Community Improvement District), Series 2012, RB                              | CUSIP: 524293AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2483286.96   | 0.03%             | 2042-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lewisville (City of), TX                                                                                                                         | Lewisville (City of), TX, Series 2023 A, RB                                                                                                            | CUSIP: 528830AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1655702.91   | 0.02%             | 2053-09-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp.                                                                                                                   | Empire State Development Corp., Series 2022, RB                                                                                                        | CUSIP: 650036FX9<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  15520000 | PA      | $16036171.92  | 0.17%             | 2045-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                                                                                   | Lamar Consolidated Independent School District, Series 2023, GO Bonds                                                                                  | CUSIP: 513174J29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30000000 | PA      | $31329954.00  | 0.34%             | 2058-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cottonwood (City of), MN (Extreme Holdings LLC)                                                                                                  | Cottonwood (City of), MN (Extreme Holdings LLC), Series 2021 B, RB                                                                                     | CUSIP: 22188TAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $339400.13    | 0.00%             | 2026-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.)                                                                | New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.), Series 2012, RB                                                     | CUSIP: 64578CBT7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  12805000 | PA      | $12814155.58  | 0.14%             | 2027-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority (Green Bonds)                                                                                     | Washington Metropolitan Area Transit Authority (Green Bonds), Series 2023 A, RB                                                                        | CUSIP: 93878YDT3<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5121891.00   | 0.06%             | 2053-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp. (University of Rochester)                                                                             | Monroe County Industrial Development Corp. (University of Rochester), Series 2020 A, RB                                                                | CUSIP: 61075TUV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14715000 | PA      | $12810333.07  | 0.14%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Celina (City of), TX (Cross Creek Meadows Public Improvement District Improvement Area #1)                                                       | Celina (City of), TX (Cross Creek Meadows Public Improvement District Improvement Area #1), Series 2023, RB                                            | CUSIP: 15114CGE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1562826.94   | 0.02%             | 2043-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Lewistown (City of), VA Commerce Center Community Development Authority                                                                          | Lewistown (City of), VA Commerce Center Community Development Authority, Series 2014 C, RB                                                             | CUSIP: 528734AK2<br>LEI: 549300MSZIULDEAC1046 | Long             | DBT              | MUN               | US        |   2183014 | PA      | $982356.30    | 0.01%             | 2054-03-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Pennsylvania LTC, Inc.)                                                          | Montgomery (County of), PA Higher Education & Health Authority (Pennsylvania LTC, Inc.), Series 2017, Ref. RB                                          | CUSIP: 613603XL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1056537.47   | 0.01%             | 2032-12-01      | Fixed         | 5.00%                 | Yes           |                  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        | 142376000 | PA      | $45707579.50  | 0.50%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Jeffersonville (City of), IN (Vivera Senior Living)                                                                                              | Jeffersonville (City of), IN (Vivera Senior Living), Series 2020 A, RB                                                                                 | CUSIP: 475666AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $3882845.70   | 0.04%             | 2040-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oneida Indian Nation                                                                                                                             | Oneida Indian Nation, Series 2024 A, RB                                                                                                                | CUSIP: 682504AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8355000 | PA      | $8365092.00   | 0.09%             | 2040-09-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Lagrange (College)                                                                                                      | Development Authority of Lagrange (College), Series 2021, Ref. RB                                                                                      | CUSIP: 503152DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $6541067.20   | 0.07%             | 2052-10-15      | Fixed         | 5.00%                 | 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: 04033EAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1401990.30   | 0.02%             | 2047-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Trailside Metropolitan District No. 4                                                                                                            | Trailside Metropolitan District No. 4, Series 2024 B, GO Bonds                                                                                         | CUSIP: 89287MAP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1791818.31   | 0.02%             | 2051-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Bay Transportation Authority                                                                                     | Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2024 A, Ref. RB                                                                   | CUSIP: 575579W29<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |  13705000 | PA      | $14340289.79  | 0.16%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rock Hill (City of), MO Industrial Development Authority (Market at McKnight Redevelopment)                                                      | Rock Hill (City of), MO Industrial Development Authority (Market at McKnight Redevelopment), Series 2015 A, RB                                         | CUSIP: 772163AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $340986.53    | 0.00%             | 2028-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Celina (City of), TX (Ten Mile Creek Public Improvement District Improvement Area #1)                                                            | Celina (City of), TX (Ten Mile Creek Public Improvement District Improvement Area #1), Series 2023, RB                                                 | CUSIP: 15114CFS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $327111.30    | 0.00%             | 2030-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Tradition Community Development District No 9                                                                                                    | Tradition Community Development District No 9, Series 2025, RB                                                                                         | CUSIP: 89269NAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $683859.75    | 0.01%             | 2045-05-01      | Fixed         | 5.40%                 | 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        |   2125000 | PA      | $2124893.11   | 0.02%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority                                                                                                            | Illinois (State of) Finance Authority, Series 2017, Ref. RB                                                                                            | CUSIP: 45204EA65<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   6242453 | PA      | $49939.62     | 0.00%             | 2037-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| North Carolina (State of) Turnpike Authority (Triangle Expressway System)                                                                        | North Carolina (State of) Turnpike Authority (Triangle Expressway System), Series 2024, RB                                                             | CUSIP: 65830RDA4<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |  14975000 | PA      | $14823617.73  | 0.16%             | 2058-01-01      | Fixed         | 5.00%                 | 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: 63607DAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5985000 | PA      | $5553779.55   | 0.06%             | 2034-10-01      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels)                                                                                     | Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2021 A, RB                                                                        | CUSIP: 89602RGR0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4246001.00   | 0.05%             | 2056-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Green Bonds)                                                                      | South Carolina (State of) Jobs-Economic Development Authority (Green Bonds), Series 2019 A, RB                                                         | CUSIP: 837031YR8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4117846.00   | 0.04%             | 2039-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Hays (County of), TX (La Cima Public Improvement District)                                                                                       | Hays (County of), TX (La Cima Public Improvement District), Series 2022, RB                                                                            | CUSIP: 420894AN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1935631.80   | 0.02%             | 2042-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Rogers Park Montessori School)                                                                            | Illinois (State of) Finance Authority (Rogers Park Montessori School), Series 2014, Ref. RB                                                            | CUSIP: 452029AD3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999981.60    | 0.01%             | 2045-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Pottsboro Higher Education Finance Corp. (Imagine International Academy of North Texas LLC)                                                      | Pottsboro Higher Education Finance Corp. (Imagine International Academy of North Texas LLC), Series 2016 A, RB                                         | CUSIP: 738222AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $735947.65    | 0.01%             | 2036-08-15      | 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: 59561UAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3518295.20   | 0.04%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Banning Lewis Ranch Metropolitan District No. 4                                                                                                  | Banning Lewis Ranch Metropolitan District No. 4, Series 2018 A, GO Bonds                                                                               | CUSIP: 066637AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3193000 | PA      | $3103593.45   | 0.03%             | 2048-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| St. Louis (City of), MO (Washington Park Redevelopment)                                                                                          | St. Louis (City of), MO (Washington Park Redevelopment), Series 2007 B, RN                                                                             | CUSIP: 85232CAJ3<br>LEI: 5493004O38W8EYGEZ656 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $15100.00     | 0.00%             | 2028-01-20      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| Salt Lake City (City of), UT                                                                                                                     | Salt Lake City (City of), UT, Series 2018 A, RB                                                                                                        | CUSIP: 795576HM2<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |  11035000 | PA      | $11062108.58  | 0.12%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arlington Ridge Community Development District                                                                                                   | Arlington Ridge Community Development District, Series 2006 A, RB                                                                                      | CUSIP: 041751AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1315605.29   | 0.01%             | 2036-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels)                                                                                     | Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022 A, Ref. RB                                                                   | CUSIP: 89602HCG0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  18225000 | PA      | $15553716.19  | 0.17%             | 2051-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town Center at Palm Coast Community Development District                                                                                         | Town Center at Palm Coast Community Development District, Series 2005, RB                                                                              | CUSIP: 892103AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8490000 | PA      | $8494566.77   | 0.09%             | 2036-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bella Mesa Metropolitan District                                                                                                                 | Bella Mesa Metropolitan District, Series 2024 B, GO Bonds                                                                                              | CUSIP: 07819PAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2774000 | PA      | $2794813.32   | 0.03%             | 2054-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                                             | New Hope Cultural Education Facilities Finance Corp., Series 2025, RB                                                                                  | CUSIP: 64542UHF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10380000 | PA      | $9989530.35   | 0.11%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development                                                                                  | Philadelphia (City of), PA Authority for Industrial Development, Series 2017, Ref. RB                                                                  | CUSIP: 71781XGR8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    480000 | PA      | $507233.47    | 0.01%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sky Ranch Community Authority Board                                                                                                              | Sky Ranch Community Authority Board, Series 2024 B, GO Bonds                                                                                           | CUSIP: 83086FAR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    557000 | PA      | $554677.03    | 0.01%             | 2054-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Minneapolis (City of), MN (Spero Academy)                                                                                                        | Minneapolis (City of), MN (Spero Academy), Series 2017 A, RB                                                                                           | CUSIP: 60375CAQ7<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   4740000 | PA      | $4745745.35   | 0.05%             | 2048-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Spring Valley Metropolitan District No 3                                                                                                         | Spring Valley Metropolitan District No 3, Series 2025, GO Bonds                                                                                        | CUSIP: 85009TAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1058461.99   | 0.01%             | 2054-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Atlantic Park Community Development Authority                                                                                                    | Atlantic Park Community Development Authority, Series 2023, RB                                                                                         | CUSIP: 04877YAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16865000 | PA      | $15398871.58  | 0.17%             | 2045-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 TT, RB                                                                             | CUSIP: 74526QKW1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   3680000 | PA      | $2019400.00   | 0.02%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Bidding Group 2)                                                                                          | Metropolitan Transportation Authority (Bidding Group 2), Series 2022 A, RB                                                                             | CUSIP: 59260XAX6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2555000 | PA      | $2598439.60   | 0.03%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Detroit City School District                                                                                                                     | Detroit City School District, Series 2001, GO Bonds                                                                                                    | CUSIP: 251129ZY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7580000 | PA      | $8120357.73   | 0.09%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Arkansas (State of) Development Finance Authority (Green Bonds)                                                                                  | Arkansas (State of) Development Finance Authority (Green Bonds), Series 2022, RB                                                                       | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4977301.00   | 0.05%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                                                                                         | Sterling Ranch Community Authority Board, Series 2024 A, Ref. RB                                                                                       | CUSIP: 85950NAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $947672.06    | 0.01%             | 2054-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| University of Puerto Rico                                                                                                                        | University of Puerto Rico, Series 2006 Q, RB                                                                                                           | CUSIP: 914811PR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $970610.02    | 0.01%             | 2036-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Collier (County of), FL Industrial Development Authority (Gulf Coast Academy South)                                                              | Collier (County of), FL Industrial Development Authority (Gulf Coast Academy South), Series 2017 A, RB                                                 | CUSIP: 194639AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1683748.50   | 0.02%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HM Metropolitan District No. 2                                                                                                                   | HM Metropolitan District No. 2, Series 2021, GO Bonds                                                                                                  | CUSIP: 433675AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24038000 | PA      | $19019257.42  | 0.21%             | 2051-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Housing Development Authority (Stonebridge of Gurnee)                                                                        | Illinois (State of) Housing Development Authority (Stonebridge of Gurnee), Series 2016 A, RB                                                           | CUSIP: 45203LCG6<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1631166.60   | 0.02%             | 2056-01-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                             | San Diego (County of), CA Regional Airport Authority, Series 2023 B, RB                                                                                | CUSIP: 79739GRL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $14820072.00  | 0.16%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix (City of), AZ Industrial Development Authority (The) (Gourmet Boutique West LLC)                                                         | Phoenix (City of), AZ Industrial Development Authority (The) (Gourmet Boutique West LLC), Series 2007 B, IDR                                           | CUSIP: 718907AX6<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   2260000 | PA      | $1958224.46   | 0.02%             | 2037-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Midlothian (City of), TX (Westside Preserve Public Improvement District)                                                                         | Midlothian (City of), TX (Westside Preserve Public Improvement District), Series 2022, RB                                                              | CUSIP: 59785RAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2338180.75   | 0.03%             | 2052-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Baren Academy Project Refunding)                                                    | Pima (County of), AZ Industrial Development Authority (The) (Baren Academy Project Refunding), Series 2021, RB                                         | CUSIP: 72177MTQ0<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   4360000 | PA      | $3408576.50   | 0.04%             | 2056-07-01      | Fixed         | 5.00%                 | 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        |  25000000 | PA      | $11102127.50  | 0.12%             | 2038-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                                    | Denver (City & County of), CO, Series 2021 A, RB                                                                                                       | CUSIP: 24917DCR2<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |  28990000 | PA      | $24547270.90  | 0.27%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                                                                              | Wisconsin Health & Educational Facilities Authority, Series 2025, RB                                                                                   | CUSIP: 97671VCU7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1524578.70   | 0.02%             | 2060-07-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Franklin Academy)                                                                                                    | Capital Trust Agency, Inc. (Franklin Academy), Series 2020, RB                                                                                         | CUSIP: 14054DAM9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   6800000 | PA      | $5808030.96   | 0.06%             | 2055-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Explore Knowledge Foundation)                                                                     | Wisconsin (State of) Public Finance Authority (Explore Knowledge Foundation), Series 2012 A, RB                                                        | CUSIP: 744396AF9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    785000 | PA      | $785457.73    | 0.01%             | 2032-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Center Lake Ranch West Community Development District                                                                                            | Center Lake Ranch West Community Development District, Series 2023, RB                                                                                 | CUSIP: 151500AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2490000 | PA      | $2515301.39   | 0.03%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hickory Chase Community Authority (Senior Bonds)                                                                                                 | Hickory Chase Community Authority (Senior Bonds), Series 2019, Ref. RB                                                                                 | CUSIP: 428861AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1631798.43   | 0.02%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Terre Haute (City of), IN (Silver Birch of Terre Haute)                                                                                          | Terre Haute (City of), IN (Silver Birch of Terre Haute), Series 2017, RB                                                                               | CUSIP: 881080AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3880000 | PA      | $3296382.43   | 0.04%             | 2038-01-01      | Fixed         | 5.35%                 | 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: 041806RV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4345000 | PA      | $4259365.26   | 0.05%             | 2043-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                         | Chicago (City of), IL Board of Education, Series 2018, RB                                                                                              | CUSIP: 167510AV8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   7555000 | PA      | $7466895.86   | 0.08%             | 2046-04-01      | 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: 05921PBX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1222795.75   | 0.01%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tempe (City of), AZ Industrial Development Authority (Accel)                                                                                     | Tempe (City of), AZ Industrial Development Authority (Accel), Series 2022 A, RB                                                                        | CUSIP: 87973NAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3640000 | PA      | $3697089.40   | 0.04%             | 2048-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Santa Fe Park Authority                                                                                                                          | Santa Fe Park Authority, Series 2023 A, RB                                                                                                             | CUSIP: 80217CAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7150000 | PA      | $6597301.43   | 0.07%             | 2053-12-01      | Fixed         | 7.25%                 | 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        |   4218000 | PA      | $4084937.28   | 0.04%             | 2053-12-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Ranches at Lake Mcleod Community Development District                                                                                            | Ranches at Lake Mcleod Community Development District, Series 2025, RB                                                                                 | CUSIP: 752041AG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $955072.50    | 0.01%             | 2055-06-15      | Fixed         | 5.65%                 | 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      | $851618.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| California (State of) Municipal Finance Authority (Westside Neighborhood School)                                                                 | California (State of) Municipal Finance Authority (Westside Neighborhood School), Series 2024, RB                                                      | CUSIP: 130497AY6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2349210.15   | 0.03%             | 2064-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Housing Finance Agency (Social Bonds)                                                                                  | North Carolina (State of) Housing Finance Agency (Social Bonds), Series 2022, RB                                                                       | CUSIP: 658207T70<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   4970000 | PA      | $4809957.55   | 0.05%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coastal Ridge Community Development District                                                                                                     | Coastal Ridge Community Development District, Series 2025, RB                                                                                          | CUSIP: 19052TAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2014807.97   | 0.02%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                                                                                                      | Black Desert Public Infrastructure District, Series 2024, RB                                                                                           | CUSIP: 09204TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9830912.00   | 0.11%             | 2053-12-01      | Fixed         | 5.62%                 | 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: 14054WBH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5130000 | PA      | $4524746.18   | 0.05%             | 2059-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC)                                                                     | Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC), Series 2019, RB                                                          | CUSIP: 10604PAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19875000 | PA      | $15900000.00  | 0.17%             | 2039-03-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Green Valley Ranch East Metropolitan District No. 6                                                                                              | Green Valley Ranch East Metropolitan District No. 6, Series 2020 A, GO Bonds                                                                           | CUSIP: 39356MAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3301986.68   | 0.04%             | 2050-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Plato Academy Schools)                                                                                                  | Capital Trust Authority (Plato Academy Schools), Series 2024, RB                                                                                       | CUSIP: 14054UAH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3925000 | PA      | $3476755.97   | 0.04%             | 2059-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Stone Canyon Community Improvement District (Infrastructure Improvement)                                                                         | Stone Canyon Community Improvement District (Infrastructure Improvement), Series 2007, RB                                                              | CUSIP: 861585AH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $204750.00    | 0.00%             | 2027-04-01      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  69522812 | PA      | $59609929.66  | 0.65%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp.                                                                                                         | Suffolk Regional Off-Track Betting Corp., Series 2024, RB                                                                                              | CUSIP: 86480TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4325000 | PA      | $4422427.11   | 0.05%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Traders Point Christian Schools)                                                                  | Wisconsin (State of) Public Finance Authority (Traders Point Christian Schools), Series 2019 A, RB                                                     | CUSIP: 74442PLY9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4320000 | PA      | $3417170.98   | 0.04%             | 2054-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Hickman (The))                                                                         | Chester (County of), PA Industrial Development Authority (Hickman (The)), Series 2016, RB                                                              | CUSIP: 165588DF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1598782.80   | 0.02%             | 2037-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Palisade Metropolitan District No. 2                                                                                                             | Palisade Metropolitan District No. 2, Series 2024 C, RB                                                                                                | CUSIP: 696392AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1518060.30   | 0.02%             | 2037-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Three Springs Metropolitan District No. 1                                                                                                        | Three Springs Metropolitan District No. 1, Series 2020 B, Ref. GO Bonds                                                                                | CUSIP: 88577BAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1686824.69   | 0.02%             | 2050-12-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Wood Ranch Public Infrastructure District                                                                                                        | Wood Ranch Public Infrastructure District, Series 2024, RB                                                                                             | CUSIP: 97850AAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1291000 | PA      | $1253331.85   | 0.01%             | 2053-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Pilot Point (City of), TX (Creekview Public Improvement District Zone A)                                                                         | Pilot Point (City of), TX (Creekview Public Improvement District Zone A), Series 2022, RB                                                              | CUSIP: 721614AN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2059677.12   | 0.02%             | 2052-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Vail Home Partners Corp.                                                                                                                         | Vail Home Partners Corp., Series 2025, RB                                                                                                              | CUSIP: 91879VAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $418270.66    | 0.00%             | 2045-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2023, RB                                                                                         | CUSIP: 74442ELG3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1773402.23   | 0.02%             | 2058-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Social Certificates)                                                                           | Washington (State of) Housing Finance Commission (Social Certificates), Series 2024-2, RB                                                              | CUSIP: 93978UAA4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |  17773384 | PA      | $16384849.23  | 0.18%             | 2040-03-20      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| Waller Consolidated Independent School District                                                                                                  | Waller Consolidated Independent School District, Series 2023 A, GO Bonds                                                                               | CUSIP: 932493LY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19435000 | PA      | $16912031.87  | 0.18%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Madeira Community Development District                                                                                                           | Madeira Community Development District, Series 2025, RB                                                                                                | CUSIP: 556344AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1572954.57   | 0.02%             | 2055-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Green Bonds)                                   | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Green Bonds), Series 2018, RB                        | CUSIP: 54628CGB2<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1766015.67   | 0.02%             | 2038-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Black Horse EHT Urban Renewal LLC)                                                         | New Jersey (State of) Economic Development Authority (Black Horse EHT Urban Renewal LLC), Series 2019 A, RB                                            | CUSIP: 64577B7A6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4607988.00   | 0.05%             | 2039-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| American Montessori Academy                                                                                                                      | American Montessori Academy, Series 2017, RB                                                                                                           | CUSIP: 02757GAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1427012.76   | 0.02%             | 2046-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority, A Cooperative District (No. 2)                                                                                       | Southeast Energy Authority, A Cooperative District (No. 2), Series 2025 A, RB                                                                          | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  13400000 | PA      | $13522404.98  | 0.15%             | 2035-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc.)                                                                                     | Houston (City of), TX Airport System (United Airlines, Inc.), Series 2024 B, RB                                                                        | CUSIP: 442349HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8605000 | PA      | $8815153.03   | 0.10%             | 2039-07-15      | Fixed         | 5.50%                 | 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: 852297CK4<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $999407.08    | 0.01%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency                                                                                       | California (State of) County Tobacco Securitization Agency, Series 2006 B, RB                                                                          | CUSIP: 13016NCJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 107400000 | PA      | $18957335.10  | 0.21%             | 2050-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2008 WW, RB                                                                             | CUSIP: 74526QVD1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    415000 | PA      | $227731.25    | 0.00%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                       | Miami-Dade (County of), FL, Series 2023 A, Ref. RB                                                                                                     | CUSIP: 59335KFA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  42145000 | PA      | $40848333.21  | 0.44%             | 2047-10-01      | Fixed         | 5.00%                 | 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: 607155AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1309576.06   | 0.01%             | 2035-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Crystal Valley Metropolitan District No. 2                                                                                                       | Crystal Valley Metropolitan District No. 2, Series 2022, GO Bonds                                                                                      | CUSIP: 22941NAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3620924.64   | 0.04%             | 2052-12-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (AES Puerto Rico) | Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (AES Puerto Rico), Seri | CUSIP: 74528KAB9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   4198722 | PA      | $4140266.97   | 0.04%             | 2028-01-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Villages of Glen Creek Community Development District                                                                                            | Villages of Glen Creek Community Development District, Series 2016 A-1, RB                                                                             | CUSIP: 92716AAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1084011.98   | 0.01%             | 2036-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Housing & Community Development Authority (Hammond Assisted Living Community)                                                 | Indiana (State of) Housing & Community Development Authority (Hammond Assisted Living Community), Series 2016 A, RB                                    | CUSIP: 45506CAM9<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   6725000 | PA      | $6419713.92   | 0.07%             | 2036-01-01      | Fixed         | 5.75%                 | 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        |   3640000 | PA      | $3724433.80   | 0.04%             | 2042-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (State House)                                                                               | New Jersey (State of) Economic Development Authority (State House), Series 2017 B, RB                                                                  | CUSIP: 64578EMA2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2114272.83   | 0.02%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority                                                                                                            | Michigan (State of) Finance Authority, Series 2007, RB                                                                                                 | CUSIP: 594569CM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $490036.75    | 0.01%             | 2037-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Two Step)                                                                                         | Wisconsin (State of) Public Finance Authority (Two Step), Series 2024, RB                                                                              | CUSIP: 74442PF42<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $2959096.35   | 0.03%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Amelia Concourse Community Development District (Capital Improvement)                                                                            | Amelia Concourse Community Development District (Capital Improvement), Series 2019 A, RB                                                               | CUSIP: 023440AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2290000 | PA      | $2303161.32   | 0.02%             | 2049-05-01      | Fixed         | 5.65%                 | 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: 19645URH9<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2209185.90   | 0.02%             | 2059-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Playhouse Square Foundation)                                                      | Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Playhouse Square Foundation), Series 2018, Ref. RB                                      | CUSIP: 18610PAV0<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    735000 | PA      | $737148.85    | 0.01%             | 2043-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kuttawa (City of), KY                                                                                                                            | Kuttawa (City of), KY, Series 1999, RB                                                                                                                 | CUSIP: 501395AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $796058.70    | 0.01%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Lake (County of), FL (Lakeside at Waterman Village)                                                                                              | Lake (County of), FL (Lakeside at Waterman Village), Series 2020 A, Ref. RB                                                                            | CUSIP: 50826FAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1828591.20   | 0.02%             | 2055-08-15      | Fixed         | 5.75%                 | 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        |   9500000 | PA      | $5551811.40   | 0.06%             | 2032-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                                                                                         | Sterling Ranch Community Authority Board, Series 2022 A, Ref. RB                                                                                       | CUSIP: 85950NAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27225000 | PA      | $28135401.28  | 0.31%             | 2053-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL                                                                                                                              | Lee (County of), FL, Series 2021 B, RB                                                                                                                 | CUSIP: 523470HH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21500000 | PA      | $21276088.25  | 0.23%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Dominican University)                                                                                     | Illinois (State of) Finance Authority (Dominican University), Series 2022, Ref. RB                                                                     | CUSIP: 45204FRX5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $930693.78    | 0.01%             | 2052-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Reno N.V.                                                                                                                                | City of Reno N.V., Series 2025, RB                                                                                                                     | CUSIP: 759865CF3<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $925586.40    | 0.01%             | 2054-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Charyl Stockwell Academy                                                                                                                         | Charyl Stockwell Academy, Series 2015, Ref. RB                                                                                                         | CUSIP: 161419AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2570000 | PA      | $2469031.13   | 0.03%             | 2035-10-01      | Fixed         | 5.50%                 | 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: 82652UAY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15525000 | PA      | $13692020.69  | 0.15%             | 2064-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City Center West Commercial Metropolitan District                                                                                                | City Center West Commercial Metropolitan District, Series 2020 A, Ref. GO Bonds                                                                        | CUSIP: 17776WAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3953000 | PA      | $3845946.04   | 0.04%             | 2049-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach (County of), FL Health Facilities Authority (Lifespace Communities, Inc.)                                                             | Palm Beach (County of), FL Health Facilities Authority (Lifespace Communities, Inc.), Series 2023, Ref. RB                                             | CUSIP: 696507VS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1103520.00   | 0.01%             | 2053-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QAM2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    129453 | PA      | $3013.04      | 0.00%             | 2050-01-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Portland (Port of), OR                                                                                                                           | Portland (Port of), OR, Twenty Eighth Series 2022, RB                                                                                                  | CUSIP: 7352402R3<br>LEI: 549300BRH7XZ3ZK0DS46 | Long             | DBT              | MUN               | US        |  22220000 | PA      | $19171433.78  | 0.21%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Transport Metropolitan District No. 3                                                                                                            | Transport Metropolitan District No. 3, Series 2021 A-2, GO Bonds                                                                                       | CUSIP: 89386FAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2317528.50   | 0.03%             | 2051-12-01      | Variable      | 0.00%                 | 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        |  25135000 | PA      | $24631525.84  | 0.27%             | 2049-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (WhiteStone)                                                                                       | Wisconsin (State of) Public Finance Authority (WhiteStone), Series 2020 A, RB                                                                          | CUSIP: 74444VAV2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5825000 | PA      | $5241276.17   | 0.06%             | 2045-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QAP5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    165352 | PA      | $3351.65      | 0.00%             | 2052-01-01      | None          | 0.00%                 | 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        |  43000000 | PA      | $22790219.30  | 0.25%             | 2034-12-01      | None          | 0.00%                 | 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        |   5755000 | PA      | $5829604.37   | 0.06%             | 2033-12-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Blythe (City of), CA Redevelopment Agency Successor Agency (Project No. 1)                                                                       | Blythe (City of), CA Redevelopment Agency Successor Agency (Project No. 1), Series 2000 A, RB                                                          | CUSIP: 096441BP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105197.33    | 0.00%             | 2031-05-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Gainesville (City of) & Hall (County of), GA Development Authority (Riverside Military Academy)                                                  | Gainesville (City of) & Hall (County of), GA Development Authority (Riverside Military Academy), Series 2017, Ref. RB                                  | CUSIP: 36274PAA5<br>LEI: 549300L0GMYXTK7H5359 | Long             | DBT              | MUN               | US        |   1430000 | PA      | $858000.00    | 0.01%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Avimor Community Infrastructure District No. 1 (Assessment Area Six)                                                                             | Avimor Community Infrastructure District No. 1 (Assessment Area Six), Series 2024 B, RB                                                                | CUSIP: 05372AAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1937611.80   | 0.02%             | 2053-09-01      | Fixed         | 5.50%                 | 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        |  45365000 | PA      | $44695462.50  | 0.48%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 ZZ, Ref. RB                                                                        | CUSIP: 74526QWW8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     10000 | PA      | $5487.50      | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2023, RB                                                                                         | CUSIP: 74448GAA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  38069456 | PA      | $38160830.15  | 0.41%             | 2062-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                                                                              | Wisconsin Health & Educational Facilities Authority, Series 2025, RB                                                                                   | CUSIP: 97712JMU4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |  17550000 | PA      | $15133642.29  | 0.16%             | 2055-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                             | San Diego (County of), CA Regional Airport Authority, Series 2023 B, RB                                                                                | CUSIP: 79739GRK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4992239.50   | 0.05%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Health & Education Facilities Authority (Main Line Health System)                                                        | Chester (County of), PA Health & Education Facilities Authority (Main Line Health System), Series 2020 A, RB                                           | CUSIP: 16557HFM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7625000 | PA      | $6201938.63   | 0.07%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home)                                                            | Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home), Series 2017 A, RB                                               | CUSIP: 87638RHM2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1950000.00   | 0.02%             | 2052-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                            | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JPX7<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |  13500000 | PA      | $12684000.60  | 0.14%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Soleil Hills Public Infrastructure District No. 1                                                                                                | Soleil Hills Public Infrastructure District No. 1, Series 2025, GO Bonds                                                                               | CUSIP: 834201AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1069101.44   | 0.01%             | 2055-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group)                           | Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group), Series 2017, Ref. RB           | CUSIP: 97712DZF6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $2413858.88   | 0.03%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority (Santa Clara)                                                                                    | Silicon Valley Tobacco Securitization Authority (Santa Clara), Series 2007 A, RB                                                                       | CUSIP: 82706TAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  58990000 | PA      | $13841932.71  | 0.15%             | 2047-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Richmond (City of), VA Redevelopment & Housing Authority                                                                                         | Richmond (City of), VA Redevelopment & Housing Authority, Series 2017, RB                                                                              | CUSIP: 765411AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2055000 | PA      | $1945969.71   | 0.02%             | 2037-01-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| V-Dana Community Development District (Assessment Area Two - 2023 Project Area)                                                                  | V-Dana Community Development District (Assessment Area Two - 2023 Project Area), Series 2023, RB                                                       | CUSIP: 91822RAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1945000 | PA      | $1916719.12   | 0.02%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Denver International Business Center Metropolitan District No. 1                                                                                 | Denver International Business Center Metropolitan District No. 1, Series 2019 B, GO Bonds                                                              | CUSIP: 249197BB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2286000 | PA      | $2292565.39   | 0.02%             | 2048-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Harris County Hospital District                                                                                                                  | Harris County Hospital District, Series 2025, GO Bonds                                                                                                 | CUSIP: 41415UCD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15830000 | PA      | $16667886.65  | 0.18%             | 2050-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Meadowlark Metropolitan District                                                                                                                 | Meadowlark Metropolitan District, Series 2020 A, GO Bonds                                                                                              | CUSIP: 583213AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $699252.68    | 0.01%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| St. James (Parish of), LA (Nustar Logistics, L.P.)                                                                                               | St. James (Parish of), LA (Nustar Logistics, L.P.), Series 2010 2, RB                                                                                  | CUSIP: 790103AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5115000 | PA      | $5485365.39   | 0.06%             | 2040-07-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Grimmway Schools Obligated Group)                                                                | California (State of) School Finance Authority (Grimmway Schools Obligated Group), Series 2016 A, RB                                                   | CUSIP: 13058TEL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5945000 | PA      | $5726635.99   | 0.06%             | 2051-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                            | Children's Trust Fund, Series 2005 B, RB                                                                                                               | CUSIP: 16876QBK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 127450000 | PA      | $14901339.30  | 0.16%             | 2055-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Wesleyan Homes, Inc.)                                                                      | New Hope Cultural Education Facilities Finance Corp. (Wesleyan Homes, Inc.), Series 2014, RB                                                           | CUSIP: 64542UAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1129384.49   | 0.01%             | 2049-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Linxs APM)                                                                                    | California (State of) Municipal Finance Authority (Linxs APM), Series 2018 A, RB                                                                       | CUSIP: 13048VCD8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  11095000 | PA      | $10608046.00  | 0.12%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                                                | City of Celina TX, Series 2025, RB                                                                                                                     | CUSIP: 15114CKV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $803029.68    | 0.01%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                                    | Denver (City & County of), CO, Series 2022 A, RB                                                                                                       | CUSIP: 249182QY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $5980588.60   | 0.06%             | 2053-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QAA8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   8229542 | PA      | $5909656.33   | 0.06%             | 2056-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL Industrial Development Authority (Preserve (The))                                                                            | Lee (County of), FL Industrial Development Authority (Preserve (The)), Series 2017 A, RB                                                               | CUSIP: 52349EDP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $777123.50    | 0.01%             | 2032-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Texas State Technical College                                                                                                                    | Texas State Technical College, Series 2022, RB                                                                                                         | CUSIP: 88276RFJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $13412025.00  | 0.15%             | 2042-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Jefferson (County of), CO Center Metropolitan District No. 1                                                                                     | Jefferson (County of), CO Center Metropolitan District No. 1, Series 2020 B, Ref. RB                                                                   | CUSIP: 47248EAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9909000 | PA      | $9892726.45   | 0.11%             | 2050-12-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Cobb (County of), GA Development Authority (The) (Northwest Classical Academy)                                                                   | Cobb (County of), GA Development Authority (The) (Northwest Classical Academy), Series 2023, RB                                                        | CUSIP: 190779AJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1206901.25   | 0.01%             | 2058-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                                       | Metropolitan Washington Airports Authority, Series 2019 B, Ref. RB                                                                                     | CUSIP: 592643DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $9357366.70   | 0.10%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                                       | Texas (State of) Transportation Commission, Series 2019, RB                                                                                            | CUSIP: 88283NAT9<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   3530000 | PA      | $1057720.02   | 0.01%             | 2048-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| 10th & Main Public Infrastructure District (10th & Main Assessment Area)                                                                         | 10th & Main Public Infrastructure District (10th & Main Assessment Area), Series 2025, RB                                                              | CUSIP: 88075DAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9500000 | PA      | $9033247.90   | 0.10%             | 2053-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Legends Bay Community Development District                                                                                                       | Legends Bay Community Development District, Series 2007 A, RB                                                                                          | CUSIP: 52468BAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2066415.14   | 0.02%             | 2038-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Branson (City of), MO Industrial Development Authority (Branson Hills Redevelopment)                                                             | Branson (City of), MO Industrial Development Authority (Branson Hills Redevelopment), Series 2007 A, RB                                                | CUSIP: 10544RAG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1229514.44   | 0.01%             | 2026-05-01      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| Nassau County Tobacco Settlement Corp.                                                                                                           | Nassau County Tobacco Settlement Corp., Series 2006 A-3, RB                                                                                            | CUSIP: 63166MCA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2698663.80   | 0.03%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Olympia Public Infrastructure District No. 1                                                                                                     | Olympia Public Infrastructure District No. 1, Series 2024 A-1, GO Bonds                                                                                | CUSIP: 681483AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1486987.52   | 0.02%             | 2055-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  16216034 | PA      | $14988391.04  | 0.16%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Power Authority (Green Bonds)                                                                                                | New York (State of) Power Authority (Green Bonds), Series 2020 A, Ref. RB                                                                              | CUSIP: 64989KLH7<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1345325.18   | 0.01%             | 2060-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Prairie Farm Metropolitan District                                                                                                               | Prairie Farm Metropolitan District, Series 2018 B, GO Bonds                                                                                            | CUSIP: 73955CAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1270453.39   | 0.01%             | 2048-12-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Clark (County of), NV (Special Improvement District No. 128)                                                                                     | Clark (County of), NV (Special Improvement District No. 128), Series 2007 A, RB                                                                        | CUSIP: 181003HZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $731108.80    | 0.01%             | 2031-02-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| St. Vrain Lakes Metropolitan District No. 4                                                                                                      | St. Vrain Lakes Metropolitan District No. 4, Series 2024 A, GO Bonds                                                                                   | CUSIP: 85237KAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2343545.40   | 0.03%             | 2054-09-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus)                                                                  | Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus), Series 2017, Ref. RB                                                  | CUSIP: 378286JN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2207375.15   | 0.02%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ysleta Independent School District                                                                                                               | Ysleta Independent School District, Series 2022, GO Bonds                                                                                              | CUSIP: 98816PFP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17340000 | PA      | $17532158.41  | 0.19%             | 2056-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Princeton (City of), TX (Sicily Public Improvement District Improvement Area No. 1)                                                              | Princeton (City of), TX (Sicily Public Improvement District Improvement Area No. 1), Series 2023, RB                                                   | CUSIP: 742400CF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2408511.60   | 0.03%             | 2043-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Ridgewood Trails Community Development District                                                                                                  | Ridgewood Trails Community Development District, Series 2007 A, RB                                                                                     | CUSIP: 76628LAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105052.36    | 0.00%             | 2038-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Indigo Community Development District                                                                                                            | Indigo Community Development District, Series 2005, RB                                                                                                 | CUSIP: 45567RAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2775419 | PA      | $2359105.95   | 0.03%             | 2036-05-01      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Oceanside Collegiate Academy)                                                     | South Carolina (State of) Jobs-Economic Development Authority (Oceanside Collegiate Academy), Series 2024, Ref. RB                                     | CUSIP: 83704MEL6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2181092.64   | 0.02%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Crossing Metropolitan District No. 2                                                                                                    | Colorado Crossing Metropolitan District No. 2, Series 2020 B, GO Bonds                                                                                 | CUSIP: 19645YAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3490000 | PA      | $3497099.71   | 0.04%             | 2050-12-15      | Fixed         | 7.50%                 | 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        |    520000 | PA      | $471010.02    | 0.01%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Timnath Metropolitan District No. 1                                                                                                        | South Timnath Metropolitan District No. 1, Series 2019 B, GO Bonds                                                                                     | CUSIP: 84056MAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2208000 | PA      | $1859273.12   | 0.02%             | 2048-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                                             | Babcock Ranch Community Independent Special District, Series 2022, RB                                                                                  | CUSIP: 05616KBS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1397707.95   | 0.02%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gas Worx Community Development District                                                                                                          | Gas Worx Community Development District, Series 2025, RB                                                                                               | CUSIP: 367200AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2217331.80   | 0.02%             | 2057-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Pontiac (City of), MI Arts & Technology Academy                                                                                                  | Pontiac (City of), MI Arts & Technology Academy, Series 2016, Ref. RB                                                                                  | CUSIP: 043156AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3465000 | PA      | $3043159.81   | 0.03%             | 2046-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Municipal Water Finance Authority                                                                                         | New York (City of), NY Municipal Water Finance Authority, Series 2021 CC-1, RB                                                                         | CUSIP: 64972GYJ7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10121091.00  | 0.11%             | 2051-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.)                                                                | New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.), Series 1999, RB                                                     | CUSIP: 64578CAH4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3950000 | PA      | $3951096.92   | 0.04%             | 2029-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Gainesville (City of) & Hall (County of), GA Development Authority (Riverside Military Academy)                                                  | Gainesville (City of) & Hall (County of), GA Development Authority (Riverside Military Academy), Series 2017, Ref. RB                                  | CUSIP: 36274PAC1<br>LEI: 549300L0GMYXTK7H5359 | Long             | DBT              | MUN               | US        |   8860000 | PA      | $5316000.00   | 0.06%             | 2047-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St. Louis (City of), MO Land Clearance for Redevelopment Authority (Scottrade Center)                                                            | St. Louis (City of), MO Land Clearance for Redevelopment Authority (Scottrade Center), Series 2018 A, RB                                               | CUSIP: 85233SBP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5205000 | PA      | $5033560.31   | 0.05%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community)                                                        | New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community), Series 2021 A-1, RB                                         | CUSIP: 64542UFP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $117524.24    | 0.00%             | 2037-11-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                         | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74439YFU0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003082.30   | 0.01%             | 2050-06-15      | Fixed         | 5.25%                 | 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        |   1330000 | PA      | $1309645.02   | 0.01%             | 2038-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wildwood (City of), FL Village Community Development Disctrict No. 15                                                                            | Wildwood (City of), FL Village Community Development Disctrict No. 15, Series 2024, RB                                                                 | CUSIP: 92708KAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $5966946.70   | 0.06%             | 2055-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QAR1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    157737 | PA      | $2819.42      | 0.00%             | 2054-01-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Kepler Neighborhood School)                                                                      | California (State of) School Finance Authority (Kepler Neighborhood School), Series 2017 A, RB                                                         | CUSIP: 13058TEY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $902202.57    | 0.01%             | 2037-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Six Mile Creek Community Development District (2023 Project Area)                                                                                | Six Mile Creek Community Development District (2023 Project Area), Series 2023, Ref. RB                                                                | CUSIP: 83005TBN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1256416.90   | 0.01%             | 2054-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Capitol Encore Academy (The))                                                                     | Wisconsin (State of) Public Finance Authority (Capitol Encore Academy (The)), Series 2019 A, RB                                                        | CUSIP: 74442EEU0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1724029.89   | 0.02%             | 2049-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Marion (County of), OH (United Church Homes, Inc.)                                                                                               | Marion (County of), OH (United Church Homes, Inc.), Series 2019, Ref. RB                                                                               | CUSIP: 569120AW8<br>LEI: 549300Y83A05IEINZY87 | Long             | DBT              | MUN               | US        |   7760000 | PA      | $5708983.11   | 0.06%             | 2049-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                                                                                         | Sterling Ranch Community Authority Board, Series 2024 A, Ref. RB                                                                                       | CUSIP: 85950NAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2615207.85   | 0.03%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ledge Rock Center Commercial Metropolitan District                                                                                               | Ledge Rock Center Commercial Metropolitan District, Series 2022 A, GO Bonds                                                                            | CUSIP: 523278AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7083695.50   | 0.08%             | 2052-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Spring Valley Metropolitan District No. 4                                                                                                        | Spring Valley Metropolitan District No. 4, Series 2020 B, GO Bonds                                                                                     | CUSIP: 85009UAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2781876.12   | 0.03%             | 2050-12-15      | Fixed         | 7.62%                 | No            |                  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: 04052BGJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2394903.47   | 0.03%             | 2038-08-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (21st Century Public Academy)                                                                      | Wisconsin (State of) Public Finance Authority (21st Century Public Academy), Series 2020 A, RB                                                         | CUSIP: 74446LAC4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1099452.04   | 0.01%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                                              | Metropolitan Transportation Authority (Green Bonds), Series 2020 C-1, RB                                                                               | CUSIP: 59261AG35<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  27000000 | PA      | $26498178.00  | 0.29%             | 2045-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Pilot Point (City of), TX (Creekview Public Improvement District Zone A)                                                                         | Pilot Point (City of), TX (Creekview Public Improvement District Zone A), Series 2022, RB                                                              | CUSIP: 721614AK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $774252.72    | 0.01%             | 2042-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                                                                                          | New York City Housing Development Corp., Series 2025, RB                                                                                               | CUSIP: 64972KJH9<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9744475.00   | 0.11%             | 2055-11-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Mountain Sky Metropolitan District                                                                                                               | Mountain Sky Metropolitan District, Series 2020 A, GO Bonds                                                                                            | CUSIP: 62427HAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    976000 | PA      | $883097.20    | 0.01%             | 2049-12-01      | 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: 74442ELV0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4745000 | PA      | $4261609.77   | 0.05%             | 2054-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (21st Century Public Academy)                                                                      | Wisconsin (State of) Public Finance Authority (21st Century Public Academy), Series 2020 A, RB                                                         | CUSIP: 74446LAB6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    760000 | PA      | $671330.50    | 0.01%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Brainerd MN                                                                                                                              | City of Brainerd MN, Series 2025, RB                                                                                                                   | CUSIP: 10501DAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2929822.20   | 0.03%             | 2060-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Harvey (City of), IL                                                                                                                             | Harvey (City of), IL, Series 2023 A, GO Bonds                                                                                                          | CUSIP: 417704GG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11282000 | PA      | $9193339.65   | 0.10%             | 2054-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee)                                                      | Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee), Series 2024 B-1, RB                                       | CUSIP: 499526BJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10930000 | PA      | $10724987.08  | 0.12%             | 2059-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (LA Posada at Pusch Ridge)                                                           | Pima (County of), AZ Industrial Development Authority (The) (LA Posada at Pusch Ridge), Series 2022, RB                                                | CUSIP: 72178AAJ1<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   3975000 | PA      | $4159098.95   | 0.05%             | 2057-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (The Freedom Academy Foundation)                                                                | Utah (State of) Charter School Finance Authority (The Freedom Academy Foundation), Series 2017, Ref. RB                                                | CUSIP: 91754TUW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4810000 | PA      | $4563958.40   | 0.05%             | 2037-06-15      | Fixed         | 5.25%                 | 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        |   2940000 | PA      | $2943047.90   | 0.03%             | 2032-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Villages of Glen Creek Community Development District                                                                                            | Villages of Glen Creek Community Development District, Series 2016 A-1, RB                                                                             | CUSIP: 92716AAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80331.11     | 0.00%             | 2026-05-01      | Fixed         | 4.75%                 | 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: 225004AR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4310000 | PA      | $4284261.11   | 0.05%             | 2051-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA (Lehigh Valley Health Network)                                                                                            | Lehigh (County of), PA (Lehigh Valley Health Network), Series 2019, Ref. RB                                                                            | CUSIP: 52480GDW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $3723873.88   | 0.04%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QAL4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    133804 | PA      | $3373.37      | 0.00%             | 2049-01-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Candela)                                                                                          | Wisconsin (State of) Public Finance Authority (Candela), Series 2023, RB                                                                               | CUSIP: 74447TAC6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5876000 | PA      | $5899904.16   | 0.06%             | 2029-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust V                                                                                                                | New York Counties Tobacco Trust V, Series 2005 S4B, RB                                                                                                 | CUSIP: 649441AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 234000000 | PA      | $9518371.20   | 0.10%             | 2060-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Riverwalk Metropolitan District No. 2                                                                                                            | Riverwalk Metropolitan District No. 2, Series 2022 B, RB                                                                                               | CUSIP: 769504AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5023853.50   | 0.05%             | 2052-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (TBTA Capital Lockbox Fund)                                                                                 | Triborough Bridge & Tunnel Authority (TBTA Capital Lockbox Fund), Series 2025, RB                                                                      | CUSIP: 896032BC2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2761804.50   | 0.03%             | 2056-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home)                                                            | Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home), Series 2017 A, RB                                               | CUSIP: 87638RHT7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   5710000 | PA      | $3711500.00   | 0.04%             | 2048-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Olympia Public Infrastructure District No. 1                                                                                                     | Olympia Public Infrastructure District No. 1, Series 2024 B, GO Bonds                                                                                  | CUSIP: 681483AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    952000 | PA      | $942898.78    | 0.01%             | 2055-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Northern Mariana Islands (Commonwealth of)                                                                                                       | Northern Mariana Islands (Commonwealth of), Series 2007 B, Ref. GO Bonds                                                                               | CUSIP: 66537EBA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19490000 | PA      | $18382100.70  | 0.20%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NS Public Infrastructure No. 2                                                                                                                   | NS Public Infrastructure No. 2, Series 2024 A-1, GO Bonds                                                                                              | CUSIP: 62948SAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3210000 | PA      | $3017361.48   | 0.03%             | 2055-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No 48J Beaverton                                                                                 | Washington & Multnomah Counties School District No 48J Beaverton, Series 2025, GO Bonds                                                                | CUSIP: 9384292R7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1927355.00   | 0.02%             | 2044-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Novant Health Obligated Group)                                                                | North Carolina (State of) Medical Care Commission (Novant Health Obligated Group), Series 2019, RB                                                     | CUSIP: 65821DWM9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8464185.00   | 0.09%             | 2052-11-01      | Fixed         | 4.00%                 | 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        |   2885000 | PA      | $2909303.53   | 0.03%             | 2038-12-15      | Fixed         | 6.25%                 | 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        |   3250000 | PA      | $3326588.85   | 0.04%             | 2030-09-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Mishawaka (City of), IN                                                                                                                          | Mishawaka (City of), IN, Series 2018, RB                                                                                                               | CUSIP: 604786AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17170000 | PA      | $16365266.14  | 0.18%             | 2038-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Villages of Glen Creek Community Development District                                                                                            | Villages of Glen Creek Community Development District, Series 2016 A-2, RB                                                                             | CUSIP: 92716AAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1346482.44   | 0.01%             | 2046-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Ordnance Works Authority (Ralston Purina Co.)                                                                                | Oklahoma (State of) Ordnance Works Authority (Ralston Purina Co.), Series 1996, PCR                                                                    | CUSIP: 67907NAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100221.44    | 0.00%             | 2026-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (CHF - Collegiate Housing Denton, LLC - Texas Woman's University)                           | New Hope Cultural Education Facilities Finance Corp. (CHF - Collegiate Housing Denton, LLC - Texas Woman's University), Series 2018 A-1, RB            | CUSIP: 64542YAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2276164.32   | 0.02%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Greer Preparatory Academy Project)                                                | South Carolina (State of) Jobs-Economic Development Authority (Greer Preparatory Academy Project), Series 2024, RB                                     | CUSIP: 83704MEP7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2206950.98   | 0.02%             | 2045-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                                                                                     | New York City Transitional Finance Authority, Series 2023, RB                                                                                          | CUSIP: 64972JCG1<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20288008.00  | 0.22%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgetown (City of), CT Special Taxing District                                                                                                 | Georgetown (City of), CT Special Taxing District, Series 2006 A, GO Bonds                                                                              | CUSIP: 373022AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $56400.00     | 0.00%             | 2036-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                       | Miami-Dade (County of), FL, Subseries 2021 B-1, Ref. RB                                                                                                | CUSIP: 59335KDK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16935000 | PA      | $14465577.25  | 0.16%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2023 B, RB                                                                                       | CUSIP: 74448GAB5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  32000000 | PA      | $23280000.00  | 0.25%             | 2062-07-01      | Variable      | 0.00%                 | 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        |   5750000 | PA      | $6188140.23   | 0.07%             | 2029-05-16      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Pinery Commercial Metropolitan District No. 2                                                                                                    | Pinery Commercial Metropolitan District No. 2, Series 2025, RB                                                                                         | CUSIP: 72330FAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1685665.98   | 0.02%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QAK6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    135980 | PA      | $3661.29      | 0.00%             | 2048-01-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Middleton Community Development District A                                                                                                       | Middleton Community Development District A, Series 2024, RB                                                                                            | CUSIP: 596681AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2378327.38   | 0.03%             | 2055-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QAE0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1821047 | PA      | $14009.86     | 0.00%             | 2067-01-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Broward (County of), FL                                                                                                                          | Broward (County of), FL, Series 2019 A, RB                                                                                                             | CUSIP: 11506KEQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8605000 | PA      | $8611204.21   | 0.09%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NS Public Infrastructure No. 2                                                                                                                   | NS Public Infrastructure No. 2, Series 2024 A-2, GO Bonds                                                                                              | CUSIP: 62948SAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $967993.76    | 0.01%             | 2055-03-01      | Variable      | 0.00%                 | 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: 743816AG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1128777.84   | 0.01%             | 2055-09-01      | Fixed         | 5.50%                 | 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: 184635AJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1320799.33   | 0.01%             | 2043-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Economic Development Finance Authority (Columbia Pulp I, LLC)                                                              | Washington (State of) Economic Development Finance Authority (Columbia Pulp I, LLC), Series 2017 A, RB                                                 | CUSIP: 93975YAD3<br>LEI: 549300TQ7IXFA28IYO51 | Long             | DBT              | MUN               | US        |  26355000 | PA      | $2635.50      | 0.00%             | 2032-01-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| PV-ERU Holding Trust                                                                                                                             | PV-ERU Holding Trust, Series 2019, RB                                                                                                                  | CUSIP: 693690AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12585000 | PA      | $1146241.17   | 0.01%             | 2039-02-14      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Adelaide Pointe)                                                                                  | Wisconsin (State of) Public Finance Authority (Adelaide Pointe), Series 2023, RB                                                                       | CUSIP: 74447XAA1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  13685000 | PA      | $13173338.38  | 0.14%             | 2052-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Spring Valley Metropolitan District No. 4                                                                                                        | Spring Valley Metropolitan District No. 4, Series 2020 A, GO Bonds                                                                                     | CUSIP: 85009UAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1483019.78   | 0.02%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Highlands-Mead Metropolitan District                                                                                                             | Highlands-Mead Metropolitan District, Series 2020, GO Bonds                                                                                            | CUSIP: 431043AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1304185.22   | 0.01%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Amelia Concourse Community Development District                                                                                                  | Amelia Concourse Community Development District, Series 2016, RB                                                                                       | CUSIP: 023440AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1713402.58   | 0.02%             | 2047-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Calplant I, LLC                                                                                                                                  | Calplant I, LLC                                                                                                                                        | CUSIP: 13136CAN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3070000 | PA      | $602382.63    | 0.01%             | 2025-07-01      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                                             | New Hope Cultural Education Facilities Finance Corp., Series 2025, RB                                                                                  | CUSIP: 64542UHE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4280000 | PA      | $4116287.43   | 0.04%             | 2045-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                                    | Denver (City & County of), CO, Series 2022 A, RB                                                                                                       | CUSIP: 249182QV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $14886823.50  | 0.16%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marietta (City of), GA Developing Authority (Life University, Inc.)                                                                              | Marietta (City of), GA Developing Authority (Life University, Inc.), Series 2017 A, Ref. RB                                                            | CUSIP: 567656EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7616554.40   | 0.08%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Yucaipa Valley Water Reservoir)                                               | California (State of) Statewide Communities Development Authority (Yucaipa Valley Water Reservoir), Series 2014, RB                                    | CUSIP: 13078YHM0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   6860000 | PA      | $6860831.43   | 0.07%             | 2044-09-02      | Fixed         | 6.00%                 | 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: 64542QAX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13435000 | PA      | $12069570.05  | 0.13%             | 2047-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lakes of Sarasota Community Development District                                                                                                 | Lakes of Sarasota Community Development District, Series 2024 A, RB                                                                                    | CUSIP: 51206YAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $644148.24    | 0.01%             | 2055-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Castleview Metropolitan District No. 1                                                                                                           | Castleview Metropolitan District No. 1, Series 2021 A, GO Bonds                                                                                        | CUSIP: 14860EAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4720000 | PA      | $3679625.62   | 0.04%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Red River Education Finance Corp. (Houston Baptist University)                                                                                   | Red River Education Finance Corp. (Houston Baptist University), Series 2017, Ref. RB                                                                   | CUSIP: 756870BE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23170000 | PA      | $23221031.93  | 0.25%             | 2046-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Playhouse Square Foundation)                                                      | Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Playhouse Square Foundation), Series 2018, Ref. RB                                      | CUSIP: 18610PAU2<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    815000 | PA      | $820610.70    | 0.01%             | 2038-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Interquest South Business Improvement District                                                                                                   | Interquest South Business Improvement District, Series 2017, GO Bonds                                                                                  | CUSIP: 46072EAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1238473.78   | 0.01%             | 2047-12-01      | 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: 509893AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1727410.75   | 0.02%             | 2053-07-15      | Fixed         | 5.75%                 | No            |                  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        |   2340000 | PA      | $2005665.48   | 0.02%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mirabelle Metropolitan District No. 2                                                                                                            | Mirabelle Metropolitan District No. 2, Series 2025 B, Ref. GO Bonds                                                                                    | CUSIP: 60458HAX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2983865.94   | 0.03%             | 2049-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                                                                                               | Utah Housing Corp., Series 2024 A, RB                                                                                                                  | CUSIP: 917437EN1<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   3185000 | PA      | $3138507.60   | 0.03%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Escuela Popular)                                                                                 | California (State of) School Finance Authority (Escuela Popular), Series 2017, RB                                                                      | CUSIP: 13059THU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1865000 | PA      | $1874452.38   | 0.02%             | 2050-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Lewistown (City of), VA Commerce Center Community Development Authority                                                                          | Lewistown (City of), VA Commerce Center Community Development Authority, Series 2014 B, RB                                                             | CUSIP: 528734AJ5<br>LEI: 549300MSZIULDEAC1046 | Long             | DBT              | MUN               | US        |   2476000 | PA      | $2061187.05   | 0.02%             | 2044-03-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                                                                                     | New York City Transitional Finance Authority, Series 2025, RB                                                                                          | CUSIP: 64972JTU2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10619305.00  | 0.12%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Morongo Band of Mission Indians (The)                                                                                                            | Morongo Band of Mission Indians (The), Series 2018 A, RB                                                                                               | CUSIP: 61773RAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4489483.50   | 0.05%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aspen Street Metropolitan District                                                                                                               | Aspen Street Metropolitan District, Series 2021 A, GO Bonds                                                                                            | CUSIP: 045312AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $868222.46    | 0.01%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Economic Development Finance Authority (North Pacific Paper)                                                               | Washington (State of) Economic Development Finance Authority (North Pacific Paper), Series 2020 B, Ref. RB                                             | CUSIP: 93975YAJ0<br>LEI: 549300TQ7IXFA28IYO51 | Long             | DBT              | MUN               | US        |  14650000 | PA      | $15013957.28  | 0.16%             | 2036-12-01      | Fixed         | 9.00%                 | 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: 14054WAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2535000 | PA      | $2446836.00   | 0.03%             | 2053-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                                                                                         | Massachusetts Development Finance Agency, Series 2025, RB                                                                                              | CUSIP: 57585BKB3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5141165.00   | 0.06%             | 2050-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 AAA, RB                                                                            | CUSIP: 74526QYD8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     95000 | PA      | $52131.25     | 0.00%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Settler's Crossing Metropolitan District No. 1                                                                                                   | Settler's Crossing Metropolitan District No. 1, Series 2020 B, GO Bonds                                                                                | CUSIP: 81782QAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    598000 | PA      | $600122.84    | 0.01%             | 2050-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                                                                                           | Triborough Bridge & Tunnel Authority Sales Tax Revenue, Series 2022, RB                                                                                | CUSIP: 896035DS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $25763342.50  | 0.28%             | 2052-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Newark Downtown District Management Corp.)                                                 | New Jersey (State of) Economic Development Authority (Newark Downtown District Management Corp.), Series 2019, Ref. RB                                 | CUSIP: 64577B5Z3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2529000 | PA      | $2647318.00   | 0.03%             | 2037-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Erie Tobacco Asset Securitization Corp.                                                                                                          | Erie Tobacco Asset Securitization Corp., Series 2005 D, RB                                                                                             | CUSIP: 295095BE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17700000 | PA      | $1329082.38   | 0.01%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chapel Hill Independent School District                                                                                                          | Chapel Hill Independent School District, Series 2023, GO Bonds                                                                                         | CUSIP: 159470CE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2610552.90   | 0.03%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Central Falls Detention Facility Corp.                                                                                                           | Central Falls Detention Facility Corp., Series 2005, Ref. RB                                                                                           | CUSIP: 153457AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  44240000 | PA      | $17253600.00  | 0.19%             | 2035-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Midtown Metropoltan District                                                                                                                     | Midtown Metropoltan District, Series 2022, GO Bonds                                                                                                    | CUSIP: 598072AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8310000 | PA      | $8528387.63   | 0.09%             | 2051-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Denver Gateway Center Metropolitan District                                                                                                      | Denver Gateway Center Metropolitan District, Series 2018 A, GO Bonds                                                                                   | CUSIP: 24918HAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2023637.60   | 0.02%             | 2048-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                                                  | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                                  | CUSIP: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  38125000 | PA      | $39588191.75  | 0.43%             | 2028-07-15      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| Verve Metropolitan District No. 1                                                                                                                | Verve Metropolitan District No. 1, Series 2021, Ref. GO Bonds                                                                                          | CUSIP: 92538YAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2520082.80   | 0.03%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Branson (City of), MO Industrial Development Authority (Branson Landing Retail)                                                                  | Branson (City of), MO Industrial Development Authority (Branson Landing Retail), Series 2005, RB                                                       | CUSIP: 10544RAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1492896.14   | 0.02%             | 2029-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District (Development Unit No. 8)                                                                                      | West Villages Improvement District (Development Unit No. 8), Series 2022, RB                                                                           | CUSIP: 956454CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508701.95   | 0.02%             | 2042-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Seminole (County of), FL Industrial Development Authority (Progressive Healthcare Providers/Fern Park, LLC Facility)                             | Seminole (County of), FL Industrial Development Authority (Progressive Healthcare Providers/Fern Park, LLC Facility), Series 2005 A, RB                | CUSIP: 81669EAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2760000 | PA      | $2530122.08   | 0.03%             | 2035-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Murphy Creek Metropolitan District No. 2                                                                                                         | Murphy Creek Metropolitan District No. 2, Series 2024 A, GO Bonds                                                                                      | CUSIP: 62665PAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4152349.80   | 0.05%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fiddlers Canyon Infrastructure Financing District (Fiddlers Canyon Assessment Area)                                                              | Fiddlers Canyon Infrastructure Financing District (Fiddlers Canyon Assessment Area), Series 2024, RB                                                   | CUSIP: 31574AAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3458000 | PA      | $3173645.20   | 0.03%             | 2053-12-01      | Fixed         | 5.62%                 | 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: 650116GZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  57890000 | PA      | $57343570.50  | 0.62%             | 2060-06-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Midtown Clear Creek Metropolitan District                                                                                                        | Midtown Clear Creek Metropolitan District, Series 2023 B, Ref. GO Bonds                                                                                | CUSIP: 59809CAZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    709000 | PA      | $717730.13    | 0.01%             | 2053-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Boulders Public Improvement District                                                                                                             | Boulders Public Improvement District, Series 2015, RB                                                                                                  | CUSIP: 101567AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $595542.20    | 0.01%             | 2044-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Newlin Crossing Metropolitan District                                                                                                            | Newlin Crossing Metropolitan District, Series 2024 B, GO Bonds                                                                                         | CUSIP: 65152HAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    604000 | PA      | $607316.87    | 0.01%             | 2054-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Jefferson (County of), AL                                                                                                                        | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts.                                                                                              | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15265000 | PA      | $15648722.41  | 0.17%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Capitol Encore Academy (The))                                                                     | Wisconsin (State of) Public Finance Authority (Capitol Encore Academy (The)), Series 2019 A, RB                                                        | CUSIP: 74442EES5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    190000 | PA      | $185860.68    | 0.00%             | 2029-06-01      | Fixed         | 4.75%                 | 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: 83704MER3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   4450000 | PA      | $4254772.27   | 0.05%             | 2059-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                                                                                   | Lamar Consolidated Independent School District, Series 2023 A, GO Bonds                                                                                | CUSIP: 513174M25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16550000 | PA      | $16766884.44  | 0.18%             | 2058-02-15      | 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: 19648FTJ3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $6850762.00   | 0.07%             | 2058-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Industrial Development Authority (Historic Northeast Redevelopment Plan)                                               | Kansas City (City of), MO Industrial Development Authority (Historic Northeast Redevelopment Plan), Series 2024, RB                                    | CUSIP: 48502MAA1<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1743641.63   | 0.02%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Magnolia West Community Development District                                                                                                     | Magnolia West Community Development District, Series 2017, RB                                                                                          | CUSIP: 55969LAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $155987.32    | 0.00%             | 2037-05-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Pilot Point (City of), TX (Creekview Public Improvement District Zone A)                                                                         | Pilot Point (City of), TX (Creekview Public Improvement District Zone A), Series 2022, RB                                                              | CUSIP: 721614AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $347738.67    | 0.00%             | 2032-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QAN0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    127277 | PA      | $2788.55      | 0.00%             | 2051-01-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| California (State of)                                                                                                                            | California (State of), Series 2022, GO Bonds                                                                                                           | CUSIP: 13063DS82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23300000 | PA      | $24072222.58  | 0.26%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arista Metropolitan District                                                                                                                     | Arista Metropolitan District, Series 2023 B, Ref. GO Bonds                                                                                             | CUSIP: 04041AAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10120881.00  | 0.11%             | 2039-12-15      | Fixed         | 8.25%                 | 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: 04033EAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $882581.94    | 0.01%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                                             | Chicago (City of), IL (O'Hare International Airport), Series 2022 A, RB                                                                                | CUSIP: 167593Y48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13321003.80  | 0.14%             | 2055-01-01      | Fixed         | 5.50%                 | 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        |   9200000 | PA      | $8153960.92   | 0.09%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Industrial Development Board (Green Bonds) (Tompaul Knoxville, LLC Recycling)                                                        | Knox County Industrial Development Board (Green Bonds) (Tompaul Knoxville, LLC Recycling), Series 2022, RB                                             | CUSIP: 499534AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9956314.00   | 0.11%             | 2052-11-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Aurora Crossroads Metropolitan District No. 2                                                                                                    | Aurora Crossroads Metropolitan District No. 2, Series 2023 C, GO Bonds                                                                                 | CUSIP: 05162QAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6653000 | PA      | $6675644.15   | 0.07%             | 2053-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Tolomato Community Development District                                                                                                          | Tolomato Community Development District, Series 2024, RB                                                                                               | CUSIP: 889560FB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $809618.36    | 0.01%             | 2054-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Waterfall Metropolitan District No. 1                                                                                                            | Waterfall Metropolitan District No. 1, Series 2022 B, Ref. GO Bonds                                                                                    | CUSIP: 94133FAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $989941.94    | 0.01%             | 2052-12-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Esperanza Elementary School)                                                                   | Utah (State of) Charter School Finance Authority (Esperanza Elementary School), Series 2018 A, RB                                                      | CUSIP: 91754TXA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2191615.71   | 0.02%             | 2038-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Taney (County of), MO Industrial Development Authority (Big Cedar Infrastructure)                                                                | Taney (County of), MO Industrial Development Authority (Big Cedar Infrastructure), Series 2023, RB                                                     | CUSIP: 87539QAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4575000 | PA      | $4359243.92   | 0.05%             | 2049-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ledge Rock Center Commercial Metropolitan District                                                                                               | Ledge Rock Center Commercial Metropolitan District, Series 2022 B, GO Bonds                                                                            | CUSIP: 523278AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9189000 | PA      | $9280227.47   | 0.10%             | 2052-12-01      | Fixed         | 9.25%                 | 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        |    500000 | PA      | $461218.00    | 0.01%             | 2051-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Celina (City of), TX (Ten Mile Creek Public Improvement District Major Improvement Area)                                                         | Celina (City of), TX (Ten Mile Creek Public Improvement District Major Improvement Area), Series 2023, RB                                              | CUSIP: 15114CFX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1268792.59   | 0.01%             | 2052-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 AAA, RB                                                                            | CUSIP: 74526QYB2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $1426750.00   | 0.02%             | 2028-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Kepler Neighborhood School)                                                                      | California (State of) School Finance Authority (Kepler Neighborhood School), Series 2017 A, RB                                                         | CUSIP: 13058TEZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1202018.61   | 0.01%             | 2047-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                                       | Texas (State of) Transportation Commission, Series 2019, RB                                                                                            | CUSIP: 88283NAS1<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   3345000 | PA      | $1061466.51   | 0.01%             | 2047-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hamilton Bluff Community Development District (Assessment Area One)                                                                              | Hamilton Bluff Community Development District (Assessment Area One), Series 2024, RB                                                                   | CUSIP: 40702EAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $957949.80    | 0.01%             | 2054-05-01      | Fixed         | 5.80%                 | 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        |   8630000 | PA      | $8382051.47   | 0.09%             | 2042-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Gainesville (City of) & Hall (County of), GA Development Authority (Riverside Military Academy)                                                  | Gainesville (City of) & Hall (County of), GA Development Authority (Riverside Military Academy), Series 2017, Ref. RB                                  | CUSIP: 36274PAB3<br>LEI: 549300L0GMYXTK7H5359 | Long             | DBT              | MUN               | US        |   6885000 | PA      | $4131000.00   | 0.04%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stockton Unified School District (Election of 2008)                                                                                              | Stockton Unified School District (Election of 2008), Series 2011 D, GO Bonds                                                                           | CUSIP: 861419RT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14735000 | PA      | $7320541.03   | 0.08%             | 2041-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                                                                                       | Tarrant County Cultural Education Facilities Finance Corp., Series 2025, RB                                                                            | CUSIP: 87638QTK5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   7650000 | PA      | $6443974.44   | 0.07%             | 2054-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Boulder Ridge Public Infrastructure District No 1                                                                                                | Boulder Ridge Public Infrastructure District No 1, Series 2025, GO Bonds                                                                               | CUSIP: 10153MAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2072741.22   | 0.02%             | 2055-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Merrill Ranch Community Facilities District No. 2                                                                                                | Merrill Ranch Community Facilities District No. 2, Series 2016, GO Bonds                                                                               | CUSIP: 590206CA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $817645.51    | 0.01%             | 2040-07-15      | Fixed         | 5.25%                 | 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        |   5000000 | PA      | $5034014.00   | 0.05%             | 2034-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                            | Puerto Rico Sales Tax Financing Corp., Series 2019 A-2, RB                                                                                             | CUSIP: 74529JRJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9815000 | PA      | $9155494.82   | 0.10%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| JEA Water & Sewer System                                                                                                                         | JEA Water & Sewer System, Series 2025 A, Ref. RB                                                                                                       | CUSIP: 46615SGL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20739602.00  | 0.23%             | 2055-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rumford (Town of), ME (Boise Cascade Corp.)                                                                                                      | Rumford (Town of), ME (Boise Cascade Corp.), Series 2001, Ref. RB                                                                                      | CUSIP: 781433AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12265000 | PA      | $12288119.53  | 0.13%             | 2026-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| White Buffalo Metropolitan District No. 3                                                                                                        | White Buffalo Metropolitan District No. 3, Series 2023, GO Bonds                                                                                       | CUSIP: 96350BAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3380000 | PA      | $3401345.38   | 0.04%             | 2035-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| V-Dana Community Development District (Assessment Area Two - 2023 Project Area)                                                                  | V-Dana Community Development District (Assessment Area Two - 2023 Project Area), Series 2023, RB                                                       | CUSIP: 91822RAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2138093.95   | 0.02%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Two Lakes Community Development District                                                                                                         | Two Lakes Community Development District, Series 2024, RB                                                                                              | CUSIP: 90207EAV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1436378.10   | 0.02%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Thruway Authority                                                                                                            | New York (State of) Thruway Authority, Series 2019 B, RB                                                                                               | CUSIP: 650010CK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19250000 | PA      | $16594522.18  | 0.18%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greater Cincinnati (Port of), OH Development Authority                                                                                           | Greater Cincinnati (Port of), OH Development Authority, Series 2004, RB                                                                                | CUSIP: 734198AB0<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2271942.52   | 0.02%             | 2034-02-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Palm Beach (County of), FL Health Facilities Authority (Lifespace Communities, Inc.)                                                             | Palm Beach (County of), FL Health Facilities Authority (Lifespace Communities, Inc.), Series 2023, Ref. RB                                             | CUSIP: 696507VT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2766002.00   | 0.03%             | 2058-05-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Plant Bonds)                                                                        | California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB                                                             | CUSIP: 13054WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16050000 | PA      | $15201121.92  | 0.16%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mida Cormont Public Infrastructure District                                                                                                      | Mida Cormont Public Infrastructure District, Series 2025, GO Bonds                                                                                     | CUSIP: 59561JAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1484982.12   | 0.02%             | 2055-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority (Santa Clara)                                                                                    | Silicon Valley Tobacco Securitization Authority (Santa Clara), Series 2007 A, RB                                                                       | CUSIP: 82706TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  60785000 | PA      | $33024940.31  | 0.36%             | 2036-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds)                                 | New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds), Series 2024, RB                      | CUSIP: 650116HR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24690000 | PA      | $24780143.19  | 0.27%             | 2060-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2018, RB                                                                                         | CUSIP: 74439YBG5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7900000 | PA      | $7527695.91   | 0.08%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prairie Center Metropolitan District No. 3                                                                                                       | Prairie Center Metropolitan District No. 3, Series 2024 B, GO Bonds                                                                                    | CUSIP: 739476AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029381.00   | 0.01%             | 2046-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| East Central Vermont Telecommunications District                                                                                                 | East Central Vermont Telecommunications District, Series 2018 A, RB                                                                                    | CUSIP: 271524AP5<br>LEI: 549300UHVQS0JED3EZ33 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1450064.53   | 0.02%             | 2036-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City Center West Commercial Metropolitan District                                                                                                | City Center West Commercial Metropolitan District, Series 2020 B, GO Bonds                                                                             | CUSIP: 17776WAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    581000 | PA      | $583224.59    | 0.01%             | 2049-12-15      | Fixed         | 9.00%                 | 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: 74526QPK2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    175000 | PA      | $175091.89    | 0.00%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hardin (City of), MT                                                                                                                             | Hardin (City of), MT, Series 2006, RB                                                                                                                  | CUSIP: 412236AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5935000 | PA      | $890250.00    | 0.01%             | 2031-09-01      | Variable      | 6.25%                 | No            |                  3 | On Loan: No      |
| Kinston Metropolitan District No. 5                                                                                                              | Kinston Metropolitan District No. 5, Series 2020 B, GO Bonds                                                                                           | CUSIP: 49717MAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3865746.89   | 0.04%             | 2052-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Tacoma (City of), WA Consolidated Local Improvement Districts                                                                                    | Tacoma (City of), WA Consolidated Local Improvement Districts, Series 2013, RB                                                                         | CUSIP: 873472EH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1614358 | PA      | $1577281.36   | 0.02%             | 2043-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority (Santa Clara)                                                                                    | Silicon Valley Tobacco Securitization Authority (Santa Clara), Series 2007 C, RB                                                                       | CUSIP: 82706TAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  61600000 | PA      | $5993248.80   | 0.07%             | 2056-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bethel (City of), MN (Birchwood Landing At The Lakes At Stillwater Project)                                                                      | Bethel (City of), MN (Birchwood Landing At The Lakes At Stillwater Project), Series 2019, RB                                                           | CUSIP: 08676PBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $857223.10    | 0.01%             | 2054-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Atlantic Housing Foundation Property)                                                                                | Capital Trust Agency, Inc. (Atlantic Housing Foundation Property), Series 2017 B, RB                                                                   | CUSIP: 14052TDN1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   2760000 | PA      | $2192104.06   | 0.02%             | 2042-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Public Facilities Authority (Waste Pro USA, Inc.)                                                                           | Louisiana (State of) Public Facilities Authority (Waste Pro USA, Inc.), Series 2023, RB                                                                | CUSIP: 54640TAL3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11612956.30  | 0.13%             | 2028-10-01      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Fort Wayne (City of), IN (Silver Birch of Fort Wayne)                                                                                            | Fort Wayne (City of), IN (Silver Birch of Fort Wayne), Series 2017, RB                                                                                 | CUSIP: 34926RAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3239849.31   | 0.04%             | 2038-01-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                                                                                   | Lamar Consolidated Independent School District, Series 2023, GO Bonds                                                                                  | CUSIP: 513174H88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27500000 | PA      | $23981809.50  | 0.26%             | 2048-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AES PUERTO RICO Inc.                                                                                                                             | AES PUERTO RICO Inc.                                                                                                                                   | CUSIP: 00810HAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    113526 | PA      | $110119.22    | 0.00%             | 2026-03-04      | Fixed         | 12.50%                | No            |                  3 | On Loan: No      |
| Conyers (City of), GA (Salem Gate)                                                                                                               | Conyers (City of), GA (Salem Gate), Series 2021, RB                                                                                                    | CUSIP: 21288AAB2<br>LEI: 549300WNDBTR12BDTR82 | Long             | DBT              | MUN               | US        |   5485000 | PA      | $4608556.24   | 0.05%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                                                                                   | Lamar Consolidated Independent School District, Series 2023 A, GO Bonds                                                                                | CUSIP: 513174L83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $17936742.00  | 0.19%             | 2048-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Katikvah International Academy Charter School)                                             | New Jersey (State of) Economic Development Authority (Katikvah International Academy Charter School), Series 2017 A, RB                                | CUSIP: 645912DY9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1865000 | PA      | $1650851.75   | 0.02%             | 2047-07-01      | 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: 190779AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1818976.24   | 0.02%             | 2053-06-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Lochbuie Station Residential Metropolitan District                                                                                               | Lochbuie Station Residential Metropolitan District, Series 2020 A, GO Bonds                                                                            | CUSIP: 53958UAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1227568.76   | 0.01%             | 2050-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Sabell Metropolitan District                                                                                                                     | Sabell Metropolitan District, Series 2020 B-3, GO Bonds                                                                                                | CUSIP: 78517NAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $606801.99    | 0.01%             | 2050-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| St. Louis (City of), MO Industrial Development Authority (The)                                                                                   | St. Louis (City of), MO Industrial Development Authority (The), Series 2010 A, RB                                                                      | CUSIP: 85233LAA1<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |   4580000 | PA      | $45800.00     | 0.00%             | 2033-04-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Seafields at Kiawah Island)                                                       | South Carolina (State of) Jobs-Economic Development Authority (Seafields at Kiawah Island), Series 2023, RB                                            | CUSIP: 83704EAC8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10375183.00  | 0.11%             | 2053-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Universal Learning Academy)                                                                               | Michigan (State of) Finance Authority (Universal Learning Academy), Series 2018, Ref. RB                                                               | CUSIP: 594479EK9<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002408.20   | 0.02%             | 2040-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Linden Ponds, Inc. Facility)                                                         | Massachusetts (Commonwealth of) Development Finance Agency (Linden Ponds, Inc. Facility), Series 2018, RB                                              | CUSIP: 57584YMJ5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   4565000 | PA      | $4592828.70   | 0.05%             | 2046-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Portofino Isles Community Development District (Portofino Court)                                                                                 | Portofino Isles Community Development District (Portofino Court), Series 2005, RB                                                                      | CUSIP: 736891BH4<br>LEI: 549300T614ROWEZO8469 | Long             | DBT              | MUN               | US        |   5905000 | PA      | $2952500.00   | 0.03%             | 2036-05-01      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                                                            | New York (City of), NY Transitional Finance Authority, Series 2023, RB                                                                                 | CUSIP: 64972JCE6<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  30000000 | PA      | $31054620.00  | 0.34%             | 2050-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science)                                                                | Arizona (State of) Industrial Development Authority (Academies of Math & Science), Series 2018 B, RB                                                   | CUSIP: 04052BGS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3455919.95   | 0.04%             | 2053-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| St. Louis (City of), MO Land Clearance for Redevelopment Authority (Scottrade Center)                                                            | St. Louis (City of), MO Land Clearance for Redevelopment Authority (Scottrade Center), Series 2018 B, RB                                               | CUSIP: 791656AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1641153.60   | 0.02%             | 2043-04-01      | Fixed         | 6.38%                 | 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        |  33000000 | PA      | $22055886.60  | 0.24%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ysleta Independent School District                                                                                                               | Ysleta Independent School District, Series 2020, GO Bonds                                                                                              | CUSIP: 98816PCV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8700000 | PA      | $7669450.20   | 0.08%             | 2050-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Elim Senior Housing, Inc.)                                                                                           | Capital Trust Agency, Inc. (Elim Senior Housing, Inc.), Series 2017, RB                                                                                | CUSIP: 140542AF8<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $930413.72    | 0.01%             | 2037-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport)                                                                 | New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2024, Ref. RB                                                 | CUSIP: 650116HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $1690234.70   | 0.02%             | 2054-12-31      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Power Authority (Green Transmission) (Green Bonds)                                                                           | New York (State of) Power Authority (Green Transmission) (Green Bonds), Series 2023, RB                                                                | CUSIP: 65000XBW9<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20275524.00  | 0.22%             | 2063-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                                                                                         | Sterling Ranch Community Authority Board, Series 2023, RB                                                                                              | CUSIP: 85950NAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7544502.00   | 0.08%             | 2054-12-15      | Fixed         | 8.38%                 | 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        |  14781000 | PA      | $13251274.40  | 0.14%             | 2058-07-01      | Fixed         | 4.78%                 | 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        |   6807431 | PA      | $6645421.63   | 0.07%             | 2043-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Amber Creek Metropolitan District                                                                                                                | Amber Creek Metropolitan District, Series 2017 B, GO Bonds                                                                                             | CUSIP: 02320AAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    464000 | PA      | $464169.04    | 0.01%             | 2047-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                                                                                         | Build NYC Resource Corp., Series 2025, RB                                                                                                              | CUSIP: 12008EWJ1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1998887.80   | 0.02%             | 2060-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Cuyahoga (County of), OH (MetroHealth System)                                                                                                    | Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB                                                                                    | CUSIP: 2322655W4<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |  12705000 | PA      | $11714025.25  | 0.13%             | 2057-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charyl Stockwell Academy                                                                                                                         | Charyl Stockwell Academy, Series 2015, Ref. RB                                                                                                         | CUSIP: 161419AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4140000 | PA      | $3671406.65   | 0.04%             | 2045-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Volo (Village of), IL Special Service Area No. 17                                                                                                | Volo (Village of), IL Special Service Area No. 17, Series 2017, Ref. RB                                                                                | CUSIP: 92870QAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1187000 | PA      | $1140730.15   | 0.01%             | 2047-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Highlands-Mead Metropolitan District                                                                                                             | Highlands-Mead Metropolitan District, Series 2020 B, GO Bonds                                                                                          | CUSIP: 431043AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $515447.17    | 0.01%             | 2050-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp. (Bidding Group 4)                                                                                         | New York State Urban Development Corp. (Bidding Group 4), Series 2022 A, Ref. RB                                                                       | CUSIP: 650036GC4<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15343753.50  | 0.17%             | 2050-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mariposa East Public Improvement District                                                                                                        | Mariposa East Public Improvement District, Series 2015 A, RB                                                                                           | CUSIP: 57025SAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $38494.44     | 0.00%             | 2032-09-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Stadium Authority (Baltimore City Public Schools)                                                                            | Maryland (State of) Stadium Authority (Baltimore City Public Schools), Series 2018 A, RB                                                               | CUSIP: 574296DQ9<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |  13175000 | PA      | $13321531.03  | 0.14%             | 2047-05-01      | Fixed         | 5.00%                 | 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        |  22370000 | PA      | $12974600.00  | 0.14%             | 2033-01-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.)                                                 | California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.), Series 2006 B, RB                                    | CUSIP: 13016NCY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  33920000 | PA      | $8588147.14   | 0.09%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Vail Home Partners Corp.                                                                                                                         | Vail Home Partners Corp., Series 2025, RB                                                                                                              | CUSIP: 91879VAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1386265.79   | 0.02%             | 2055-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                                                                                          | Capital Trust Authority, Series 2025, RB                                                                                                               | CUSIP: 14054WBV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1905416.40   | 0.02%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 XX, RB                                                                             | CUSIP: 74526QWE8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |  18575000 | PA      | $10193031.25  | 0.11%             | 2036-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                                                                                                      | Black Desert Public Infrastructure District, Series 2021 B, GO Bonds                                                                                   | CUSIP: 09204PAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4737620.25   | 0.05%             | 2051-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                                                                                             | Triborough Bridge & Tunnel Authority, Series 2021 C-1A, RB                                                                                             | CUSIP: 89602HBE6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  12800000 | PA      | $11294301.44  | 0.12%             | 2046-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hobe-St. Lucie Conservancy District                                                                                                              | Hobe-St. Lucie Conservancy District, Series 2024, RB                                                                                                   | CUSIP: 434043AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1896635.10   | 0.02%             | 2044-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Nassau (County of), FL (Nassau Care Centers, Inc.)                                                                                               | Nassau (County of), FL (Nassau Care Centers, Inc.), Series 2008, RB                                                                                    | CUSIP: 63157PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7970000 | PA      | $7660736.90   | 0.08%             | 2038-01-01      | Fixed         | 6.90%                 | Yes           |                  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        |    500000 | PA      | $508860.50    | 0.01%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Affordable Housing Tax-Exempt Bond Pass-Thru Trust                                                                                               | Affordable Housing Tax-Exempt Bond Pass-Thru Trust, Series 2023-1, RB                                                                                  | CUSIP: 00832UAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18683408 | PA      | $18616988.48  | 0.20%             | 2040-10-05      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Gilberts (Village of), IL Special Service Area No. 24 (The Conservancy)                                                                          | Gilberts (Village of), IL Special Service Area No. 24 (The Conservancy), Subseries 2014 A, RB                                                          | CUSIP: 37546QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1726193 | PA      | $1607303.22   | 0.02%             | 2034-03-01      | Fixed         | 5.38%                 | 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 2021, Ref. RB                                                  | CUSIP: 18611HAA3<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    725000 | PA      | $577581.26    | 0.01%             | 2055-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NASSAU CNTY N Y INDL DEV AGY CONTINUING CARE RETIREMENT                                                                                          | NASSAU CNTY N Y INDL DEV AGY CONTINUING CARE RETIREMENT                                                                                                | CUSIP: 631ESCAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8271681 | PA      | $82.72        | 0.00%             | 2058-01-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                                                                                        | Tulsa Municipal Airport Trust Trustees/OK, Series 2025, RB                                                                                             | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4376767.20   | 0.05%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Florida Charter Educational Foundation, Inc.)                                                                        | Capital Trust Agency, Inc. (Florida Charter Educational Foundation, Inc.), Series 2018 A, RB                                                           | CUSIP: 14054CBB4<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1442460.24   | 0.02%             | 2048-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 AAA, RB                                                                            | CUSIP: 74526QYC0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    445000 | PA      | $244193.75    | 0.00%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts)                        | California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts), Series 2019, RB             | CUSIP: 13081CAE8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1366212.48   | 0.01%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Air Quality Development Authority (AMG Vanadium Project)                                                                         | Ohio (State of) Air Quality Development Authority (AMG Vanadium Project), Series 2019, RB                                                              | CUSIP: 67754AAF1<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4385931.00   | 0.05%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Traders Point Christian Schools)                                                                  | Wisconsin (State of) Public Finance Authority (Traders Point Christian Schools), Series 2019 A, RB                                                     | CUSIP: 74442PLX1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3495000 | PA      | $2865058.40   | 0.03%             | 2044-06-01      | Fixed         | 5.38%                 | 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: 45129GDE2<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    370000 | PA      | $375023.12    | 0.00%             | 2039-07-01      | Fixed         | 6.00%                 | 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: 74526QPT3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    465000 | PA      | $448922.90    | 0.00%             | 2035-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)                                                           | New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2023, RB                                                | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27500000 | PA      | $28204200.75  | 0.31%             | 2040-04-01      | Fixed         | 5.62%                 | 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: 14054WBQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $375115.81    | 0.00%             | 2050-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Union at the Marina)                                                                                          | Iowa (State of) Finance Authority (Union at the Marina), Series 2024 A-1, RB                                                                           | CUSIP: 46246JNN1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   7210000 | PA      | $6846672.96   | 0.07%             | 2042-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) International Center Metropolitan District No. 3                                                                             | Colorado (State of) International Center Metropolitan District No. 3, Series 2018 B, GO Bonds                                                          | CUSIP: 196501AL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $456124.44    | 0.00%             | 2038-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                            | Children's Trust Fund, Series 2005 A, RB                                                                                                               | CUSIP: 16876QBJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  28000000 | PA      | $5103106.40   | 0.06%             | 2050-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                         | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74442PM36<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  27028000 | PA      | $9487792.90   | 0.10%             | 2041-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Banning Lewis Ranch Metropolitan District No. 5                                                                                                  | Banning Lewis Ranch Metropolitan District No. 5, Series 2018 A, GO Bonds                                                                               | CUSIP: 066638AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2188000 | PA      | $2126734.25   | 0.02%             | 2048-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                                                                                         | University of Cincinnati, Series 2024 A, RB                                                                                                            | CUSIP: 9141194X7<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15485298.00  | 0.17%             | 2054-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Colliers Hill Metropolitan District No. 1                                                                                                        | Colliers Hill Metropolitan District No. 1, Series 2019 B, Ref. GO Bonds                                                                                | CUSIP: 194687AU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1496000 | PA      | $1498384.32   | 0.02%             | 2048-12-15      | Fixed         | 8.00%                 | 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        |  18709799 | PA      | $12681750.60  | 0.14%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                                              | Metropolitan Transportation Authority (Green Bonds), Series 2020 C-1, RB                                                                               | CUSIP: 59261AG43<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  30115000 | PA      | $29900331.25  | 0.32%             | 2050-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lanterns Metropolitan District No. 3                                                                                                             | Lanterns Metropolitan District No. 3, Series 2023 A-1, GO Bonds                                                                                        | CUSIP: 51654GAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3582291.30   | 0.04%             | 2053-12-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Williamson (County of), TX Municipal Utility District No. 28                                                                                     | Williamson (County of), TX Municipal Utility District No. 28, Series 2022, GO Bonds                                                                    | CUSIP: 97001YJC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1373906.07   | 0.01%             | 2047-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bristol Metropolitan District                                                                                                                    | Bristol Metropolitan District, Series 2022 B, GO Bonds                                                                                                 | CUSIP: 110082AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    757000 | PA      | $762087.19    | 0.01%             | 2050-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Palm Beach (County of), FL Health Facilities Authority (Baptist Health South Florida)                                                            | Palm Beach (County of), FL Health Facilities Authority (Baptist Health South Florida), Series 2019, RB                                                 | CUSIP: 69651ABM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4148604.50   | 0.05%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                             | San Diego (County of), CA Regional Airport Authority, Series 2023 B, RB                                                                                | CUSIP: 79739GRM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20350244.00  | 0.22%             | 2058-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Weems Neighborhood Metropolitan District                                                                                                         | Weems Neighborhood Metropolitan District, Series 2025, GO Bonds                                                                                        | CUSIP: 948572AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502990.10   | 0.02%             | 2055-12-01      | Fixed         | 5.88%                 | 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-2, RB                                             | CUSIP: 67556TDA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $1958974.64   | 0.02%             | 2028-12-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (University of Maryland Medical System)                                     | Maryland (State of) Health & Higher Educational Facilities Authority (University of Maryland Medical System), Series 2025, Ref. RB                     | CUSIP: 57421CHU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12113629.20  | 0.13%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority                                                                                                            | Michigan (State of) Finance Authority, Series 2014, Ref. RB                                                                                            | CUSIP: 594479JS7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4915509.00   | 0.05%             | 2044-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Brooklyn Park (City of), MN (Prairie Seeds Academy)                                                                                              | Brooklyn Park (City of), MN (Prairie Seeds Academy), Series 2024, Ref. RB                                                                              | CUSIP: 114224AR9<br>LEI: 549300SRSB2KMQNYBB75 | Long             | DBT              | MUN               | US        |   8020000 | PA      | $7157141.03   | 0.08%             | 2064-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mclendon-Chisholm (City of), TX (Sonoma Public Improvement)                                                                                      | Mclendon-Chisholm (City of), TX (Sonoma Public Improvement), Series 2022, RB                                                                           | CUSIP: 582153BG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2348793.00   | 0.03%             | 2052-09-15      | Fixed         | 5.75%                 | 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        |    400000 | PA      | $347861.12    | 0.00%             | 2036-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Academir Charter Schools, Inc.)                                                                                         | Capital Trust Authority (Academir Charter Schools, Inc.), Series 2024, Ref. RB                                                                         | CUSIP: 14054WBM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4441801.00   | 0.05%             | 2064-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Auto Mall & Retail Public Infrastructure District                                                                                                | Auto Mall & Retail Public Infrastructure District, Series 2023 A, GO Bonds                                                                             | CUSIP: 052736AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18700000 | PA      | $16374750.37  | 0.18%             | 2053-03-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Del Mar Race Track Authority                                                                                                                     | Del Mar Race Track Authority, Series 2015, Ref. RB                                                                                                     | CUSIP: 245122BU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3285000 | PA      | $3292798.92   | 0.04%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hawaii (State of) Department of Budget & Finance (Hawaii Pacific Obligated Group)                                                                | Hawaii (State of) Department of Budget & Finance (Hawaii Pacific Obligated Group), Series 2024, RB                                                     | CUSIP: 419800PS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22785000 | PA      | $23969758.47  | 0.26%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Franklin Phonetic Charter School)                                                           | Arizona (State of) Industrial Development Authority (Franklin Phonetic Charter School), Series 2017, Ref. RB                                           | CUSIP: 04052BBW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $609585.57    | 0.01%             | 2052-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Lambertson Farms Metropolitan District No. 1                                                                                                     | Lambertson Farms Metropolitan District No. 1, Series 2024 B, Ref. RB                                                                                   | CUSIP: 513305BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2074477.02   | 0.02%             | 2054-12-20      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Gainesville (City of) & Hall (County of), GA Development Authority (Riverside Military Academy)                                                  | Gainesville (City of) & Hall (County of), GA Development Authority (Riverside Military Academy), Series 2017, Ref. RB                                  | CUSIP: 36274PAD9<br>LEI: 549300L0GMYXTK7H5359 | Long             | DBT              | MUN               | US        |   3475000 | PA      | $2085000.00   | 0.02%             | 2052-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Ridgeline Vista Metropolitan District                                                                                                            | Ridgeline Vista Metropolitan District, Series 2021 A, GO Bonds                                                                                         | CUSIP: 766089AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $891207.10    | 0.01%             | 2060-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District (Development Unit No. 9)                                                                                      | West Villages Improvement District (Development Unit No. 9), Series 2023, RB                                                                           | CUSIP: 956454CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507407.90   | 0.02%             | 2043-05-01      | Fixed         | 5.38%                 | 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        |   3500000 | PA      | $3100230.00   | 0.03%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Princeton (City of), TX                                                                                                                          | Princeton (City of), TX, Series 2023, RB                                                                                                               | CUSIP: 742400CE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1935000 | PA      | $1948786.29   | 0.02%             | 2053-09-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Virgin Islands (Government of) Public Finance Authority (Frenchman's Reef Hotel Development)                                                     | Virgin Islands (Government of) Public Finance Authority (Frenchman's Reef Hotel Development), Series 2024 A, RB                                        | CUSIP: 927677AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6450000 | PA      | $6407526.75   | 0.07%             | 2053-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Sweetwater Union High School District (Election of 2018)                                                                                         | Sweetwater Union High School District (Election of 2018), Series 2022 A-1, GO Bonds                                                                    | CUSIP: 870462UG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  47500000 | PA      | $49053402.00  | 0.53%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Meadowlark Metropolitan District                                                                                                                 | Meadowlark Metropolitan District, Series 2020 B, GO Bonds                                                                                              | CUSIP: 583213AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    607000 | PA      | $609325.17    | 0.01%             | 2050-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Learning Gate Community School)                                                                               | Florida Development Finance Corp. (Learning Gate Community School), Series 2018 A, Ref. RB                                                             | CUSIP: 340618CW5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    300000 | PA      | $293108.13    | 0.00%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Transit System                                                                                                        | Miami-Dade (County of), FL Transit System, Series 2022, RB                                                                                             | CUSIP: 59334PKY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30980000 | PA      | $31131033.70  | 0.34%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jones District Community Authority Board                                                                                                         | Jones District Community Authority Board, Series 2020 A, RB                                                                                            | CUSIP: 48020NAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6800000 | PA      | $6123464.60   | 0.07%             | 2050-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                                                      | Washington State Housing Finance Commission, Series 2025, RB                                                                                           | CUSIP: 93978LJN7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2172555.88   | 0.02%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2012, RB                                                                                         | CUSIP: 74443DAB7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5620000 | PA      | $5240486.46   | 0.06%             | 2045-09-01      | Fixed         | 6.00%                 | 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: 041806PU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $687169.30    | 0.01%             | 2053-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Hill Metropolitan District No. 3                                                                                                          | Morgan Hill Metropolitan District No. 3, Series 2021 B, GO Bonds                                                                                       | CUSIP: 61740BAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1409325.30   | 0.02%             | 2051-12-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                                                                                         | Sterling Ranch Community Authority Board, Series 2020 B, RB                                                                                            | CUSIP: 85950NAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    501000 | PA      | $502344.38    | 0.01%             | 2050-12-15      | Fixed         | 7.12%                 | No            |                  2 | 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        |  17675000 | PA      | $13367236.63  | 0.15%             | 2028-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Bancroft Neurohealth)                                                                             | Wisconsin (State of) Public Finance Authority (Bancroft Neurohealth), Series 2016 A, RB                                                                | CUSIP: 74442PCQ6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2075000 | PA      | $1910401.04   | 0.02%             | 2048-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority (The Hunters Path)                                                                                       | Dayton-Montgomery County Port Authority (The Hunters Path), Series 2023, RB                                                                            | CUSIP: 23981YAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4575000 | PA      | $4487275.29   | 0.05%             | 2055-12-01      | Fixed         | 7.50%                 | 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: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21500000 | PA      | $23354239.55  | 0.25%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| St. Vrain Lakes Metropolitan District No. 4                                                                                                      | St. Vrain Lakes Metropolitan District No. 4, Series 2024 B, GO Bonds                                                                                   | CUSIP: 85237KAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2112232.92   | 0.02%             | 2054-09-20      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                                                                                         | Massachusetts Development Finance Agency, Series 2025, RB                                                                                              | CUSIP: 57585BKH0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   6350000 | PA      | $6658028.34   | 0.07%             | 2050-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Newark (City of), NJ                                                                                                                             | Newark (City of), NJ, Series 2015 A, GO Bonds                                                                                                          | CUSIP: 650367LU7<br>LEI: 5493008RBPM01QHRYX34 | Long             | DBT              | MUN               | US        |   3583000 | PA      | $3589384.19   | 0.04%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport)                                                   | Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport), Series 2019 B, RB                                      | CUSIP: 48504NBE8<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |  50235000 | PA      | $49238980.61  | 0.53%             | 2054-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northridge Community Development District                                                                                                        | Northridge Community Development District, Series 2025, RB                                                                                             | CUSIP: 66668PAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2335000 | PA      | $2302120.63   | 0.02%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp.                                                                                          | District of Columbia Tobacco Settlement Financing Corp., Series 2006 D, RB                                                                             | CUSIP: 254842BE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 555000000 | PA      | $48805812.00  | 0.53%             | 2055-06-15      | None          | 0.00%                 | 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: 23409VEK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5735000 | PA      | $4431341.02   | 0.05%             | 2035-08-01      | Fixed         | 6.00%                 | 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: 967249RM7<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   9925000 | PA      | $9502102.70   | 0.10%             | 2045-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Corpus Christi (City of), TX (Whitecap Public Improvement District No. 1)                                                                        | Corpus Christi (City of), TX (Whitecap Public Improvement District No. 1), Series 2024, RB                                                             | CUSIP: 220233AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1356000 | PA      | $1295275.20   | 0.01%             | 2054-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Housing & Community Development Authority (Vita of Greenfield)                                                                | Indiana (State of) Housing & Community Development Authority (Vita of Greenfield), Series 2023 A, RB                                                   | CUSIP: 45506CBJ5<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |  21575000 | PA      | $21432104.46  | 0.23%             | 2043-01-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| St. Louis (City of), MO                                                                                                                          | St. Louis (City of), MO, Series 2007, RN                                                                                                               | CUSIP: 791698AF0<br>LEI: 5493004O38W8EYGEZ656 | Long             | DBT              | MUN               | US        |   3043000 | PA      | $152150.00    | 0.00%             | 2027-04-01      | Fixed         | 6.30%                 | No            |                  3 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Cypress Christian School)                                                                              | Arlington Higher Education Finance Corp. (Cypress Christian School), Series 2024, RB                                                                   | CUSIP: 041807GC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9155000 | PA      | $9171538.51   | 0.10%             | 2063-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 CCC, RB                                                                            | CUSIP: 74526QYS5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    285000 | PA      | $156393.75    | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | 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        |  52718229 | PA      | $31696835.35  | 0.34%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                        | New Jersey (State of) Transportation Trust Fund Authority, Series 2024 CC, RB                                                                          | CUSIP: 64613CGH5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10256323.00  | 0.11%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Leadership Learning Academy)                                                                   | Utah (State of) Charter School Finance Authority (Leadership Learning Academy), Series 2019 A, RB                                                      | CUSIP: 91754TYH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1751500.20   | 0.02%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                            | Children's Trust Fund, Series 2008 A, RB                                                                                                               | CUSIP: 16876QBL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 204110000 | PA      | $12252560.01  | 0.13%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                                                                                         | University of California, Series 2022 BK, RB                                                                                                           | CUSIP: 91412HND1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  40000000 | PA      | $40969048.00  | 0.44%             | 2052-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Bay Community Development District                                                                                                         | South Bay Community Development District, Series 2005 A-2, Ref. RB                                                                                     | CUSIP: 836454AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $1900000.00   | 0.02%             | 2036-05-01      | Variable      | 6.60%                 | 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        |   8500000 | PA      | $9251540.25   | 0.10%             | 2059-09-01      | 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: 14054WAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2968441.27   | 0.03%             | 2058-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Thomas M. Colley Law School)                                                                              | Michigan (State of) Finance Authority (Thomas M. Colley Law School), Series 2014, Ref. RB                                                              | CUSIP: 594479CC9<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2361823.92   | 0.03%             | 2029-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Dawson Trails Metropolitan District No. 1                                                                                                        | Dawson Trails Metropolitan District No. 1, Series 2024, GO Bonds                                                                                       | CUSIP: 23945PAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  65565000 | PA      | $40158831.32  | 0.44%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Phoenix (City of), AZ Industrial Development Authority (The) (Downtown Phoenix Student Housing, LLC- Arizona State University)                   | Phoenix (City of), AZ Industrial Development Authority (The) (Downtown Phoenix Student Housing, LLC- Arizona State University), Series 2018 A, Ref. RB | CUSIP: 71885DDH2<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959732.40    | 0.01%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tradition Community Development District No 9                                                                                                    | Tradition Community Development District No 9, Series 2025, RB                                                                                         | CUSIP: 89269NAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $950529.80    | 0.01%             | 2056-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Village at Southgate Metropolitan District                                                                                                       | Village at Southgate Metropolitan District, Series 2018 A, GO Bonds                                                                                    | CUSIP: 92710PAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1348000 | PA      | $1310659.73   | 0.01%             | 2048-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Salt Lake City (City of), UT                                                                                                                     | Salt Lake City (City of), UT, Series 2018 A, RB                                                                                                        | CUSIP: 795576HL4<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |  10385000 | PA      | $10201602.98  | 0.11%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Escuela Popular)                                                                                 | California (State of) School Finance Authority (Escuela Popular), Series 2017, RB                                                                      | CUSIP: 13059THR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2684304.27   | 0.03%             | 2027-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (PHS Council Bluffs, Inc.)                                                                                     | Iowa (State of) Finance Authority (PHS Council Bluffs, Inc.), Series 2018, RB                                                                          | CUSIP: 46245FAQ7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2843303.40   | 0.03%             | 2048-08-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Vintage Township Public Facilities Corp.                                                                                                         | Vintage Township Public Facilities Corp., Series 2008 A, RB                                                                                            | CUSIP: 92746VAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1794000 | PA      | $1796004.44   | 0.02%             | 2038-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB                                                                        | CUSIP: 74526QPR7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |  22000000 | PA      | $21566206.20  | 0.23%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                         | Chicago (City of), IL Board of Education, Series 2012 A, GO Bonds                                                                                      | CUSIP: 167505PL4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1996162.96   | 0.02%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports                                                                                                 | Los Angeles (City of), CA Department of Airports, Series 2017 A, RB                                                                                    | CUSIP: 544445CZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25205000 | PA      | $24918338.49  | 0.27%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Founders Academy of Las Vegas)                                                                    | Wisconsin (State of) Public Finance Authority (Founders Academy of Las Vegas), Series 2023, RB                                                         | CUSIP: 744396JF0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    600000 | PA      | $606929.10    | 0.01%             | 2053-07-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp. (Purple Line) (Green Bonds)                                                                                  | Maryland Economic Development Corp. (Purple Line) (Green Bonds), Series 2022 B, RB                                                                     | CUSIP: 57422JCA4<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |  10315000 | PA      | $10095592.73  | 0.11%             | 2055-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Aurora Highlands Community Authority Board                                                                                                       | Aurora Highlands Community Authority Board, Series 2021 A, Ref. RB                                                                                     | CUSIP: 05164HAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $22904200.00  | 0.25%             | 2051-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Million Air Three LLC General Aviation Facilities)                                                | Wisconsin (State of) Public Finance Authority (Million Air Three LLC General Aviation Facilities), Series 2024, Ref. RB                                | CUSIP: 74446DAN8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10554507.00  | 0.11%             | 2054-09-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                              | Illinois (State of), Series 2018 A, Ref. GO Bonds                                                                                                      | CUSIP: 4521522R1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3360000 | PA      | $3469333.06   | 0.04%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio (City of), TX Water System                                                                                                           | San Antonio (City of), TX Water System, Series 2021 A, Ref. RB                                                                                         | CUSIP: 79642GMZ2<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $17183430.00  | 0.19%             | 2051-05-15      | Fixed         | 4.00%                 | 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: 67556TCX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2635000 | PA      | $2640089.24   | 0.03%             | 2038-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Aspirus, Inc. Obligated Group)                                                   | Wisconsin (State of) Health & Educational Facilities Authority (Aspirus, Inc. Obligated Group), Series 2021, RB                                        | CUSIP: 97712JDP5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2076796.75   | 0.02%             | 2051-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tustin Unified School District                                                                                                                   | Tustin Unified School District, Series 2025, GO Bonds                                                                                                  | CUSIP: 901070EV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3865000 | PA      | $3495384.25   | 0.04%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Endeavour Hall)                                                                                | Utah (State of) Charter School Finance Authority (Endeavour Hall), Series 2012, RB                                                                     | CUSIP: 91754TDZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1475218.01   | 0.02%             | 2032-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                            | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JPW9<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |  49269000 | PA      | $45120298.93  | 0.49%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Grand Rapids Economic Development Corp. (Clark Retirement Community, Inc.)                                                                       | Grand Rapids Economic Development Corp. (Clark Retirement Community, Inc.), Series 2019 A, Ref. RB                                                     | CUSIP: 38625KAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4365000 | PA      | $3792944.49   | 0.04%             | 2039-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Green Woods Charter school)                                                     | Philadelphia (City of), PA Authority for Industrial Development (Green Woods Charter school), Series 2022 A, Ref. RB                                   | CUSIP: 71780CBR0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $939343.00    | 0.01%             | 2057-06-15      | Fixed         | 5.38%                 | 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        |   2780000 | PA      | $2822736.94   | 0.03%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aubrey (City of), TX (Aubrey Public Improvement District No. 1)                                                                                  | Aubrey (City of), TX (Aubrey Public Improvement District No. 1), Series 2023, RB                                                                       | CUSIP: 050197AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1567143.04   | 0.02%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay)                                                                  | Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay), Series 2023, RB                                                       | CUSIP: 92774NBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7659338.40   | 0.08%             | 2053-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Lochbuie Station Residential Metropolitan District                                                                                               | Lochbuie Station Residential Metropolitan District, Series 2020 B, GO Bonds                                                                            | CUSIP: 53958UAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    521000 | PA      | $542179.74    | 0.01%             | 2050-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Revere at Johnstown Metropolitan District No. 3                                                                                                  | Revere at Johnstown Metropolitan District No. 3, Series 2024 B, GO Bonds                                                                               | CUSIP: 761401AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    676000 | PA      | $680281.92    | 0.01%             | 2053-12-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Monongalia (County of), WV Commission Special District                                                                                           | Monongalia (County of), WV Commission Special District, Series 2023 B, Ref. RB                                                                         | CUSIP: 61022CAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14920000 | PA      | $3071598.30   | 0.03%             | 2053-06-01      | Variable      | 8.45%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports                                                                                                 | Los Angeles (City of), CA Department of Airports, Series 2020 C, RB                                                                                    | CUSIP: 544445RG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10500000 | PA      | $8998967.25   | 0.10%             | 2050-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southglenn Metropolitan District                                                                                                                 | Southglenn Metropolitan District, Series 2016, Ref. GO Bonds                                                                                           | CUSIP: 84437RAF4<br>LEI: 549300ETN4YRI5O2PU39 | Long             | DBT              | MUN               | US        |    810000 | PA      | $781329.56    | 0.01%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                                    | Denver (City & County of), CO, Series 2022 D, Ref. RB                                                                                                  | CUSIP: 249182TM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10592498.00  | 0.11%             | 2045-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                                    | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 E, RB                                       | CUSIP: 79766DWF2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  13845000 | PA      | $11762127.74  | 0.13%             | 2050-05-01      | Fixed         | 4.00%                 | 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        | 103080000 | PA      | $108568772.92 | 1.18%             | 2031-08-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| North AR-1 Pasco Community Development District (Assessment Area Three)                                                                          | North AR-1 Pasco Community Development District (Assessment Area Three), Series 2023, RB                                                               | CUSIP: 65725AAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $536417.48    | 0.01%             | 2043-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Galveston (City of), TX                                                                                                                          | Galveston (City of), TX, Series 2014, RB                                                                                                               | CUSIP: 364542AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2690000 | PA      | $2225170.42   | 0.02%             | 2044-09-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Phoenix (City of), AZ Industrial Development Authority (The) (Vista College Preparatory)                                                         | Phoenix (City of), AZ Industrial Development Authority (The) (Vista College Preparatory), Series 2018 A, RB                                            | CUSIP: 71885FGB7<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    835000 | PA      | $832571.49    | 0.01%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |       308 | PA      | $316.17       | 0.00%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                         | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74442PP41<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6750000 | PA      | $4206406.95   | 0.05%             | 2032-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio (County of), WV Development Authority (Sports Complex)                                                                                      | Ohio (County of), WV Development Authority (Sports Complex), Series 2018, RB                                                                           | CUSIP: 67732RAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10465000 | PA      | $7689882.93   | 0.08%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Dakota (State of) Health & Educational Facilities Authority (Sanford Obligated Group)                                                      | South Dakota (State of) Health & Educational Facilities Authority (Sanford Obligated Group), Series 2015, Ref. RB                                      | CUSIP: 83755VZW7<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4872647.50   | 0.05%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District (Develepmont Unit No. 2)                                                                                      | West Villages Improvement District (Develepmont Unit No. 2), Series 2005 A-2, RB                                                                       | CUSIP: 956454BR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7610000 | PA      | $4413800.00   | 0.05%             | 2036-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Austin (City of), TX                                                                                                                             | Austin (City of), TX, Series 2022, RB                                                                                                                  | CUSIP: 052398HU1<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3457666.59   | 0.04%             | 2043-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia (State of) Housing & Finance Authority                                                                                                   | Georgia (State of) Housing & Finance Authority, Series 2025 A, RB                                                                                      | CUSIP: 37353PPV5<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |  14725000 | PA      | $14230960.05  | 0.15%             | 2055-12-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Princeton (City of), TX (Sicily Public Improvement District Improvement Area No. 1)                                                              | Princeton (City of), TX (Sicily Public Improvement District Improvement Area No. 1), Series 2023, RB                                                   | CUSIP: 742400CG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2980058.40   | 0.03%             | 2053-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Amelia Concourse Community Development District                                                                                                  | Amelia Concourse Community Development District, Series 2007, RB                                                                                       | CUSIP: 023440AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $668569.69    | 0.01%             | 2038-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.)                                                 | California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.), Series 2006 C, RB                                    | CUSIP: 13016NCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 215100000 | PA      | $23560655.85  | 0.26%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Franklin Phonetic Charter School)                                                           | Arizona (State of) Industrial Development Authority (Franklin Phonetic Charter School), Series 2017, Ref. RB                                           | CUSIP: 04052BBV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $644319.11    | 0.01%             | 2047-07-01      | Fixed         | 5.75%                 | 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: 299351AG1<br>LEI: 5493004FNKVUBIYGJO12 | Long             | DBT              | MUN               | US        |   3430000 | PA      | $3051603.43   | 0.03%             | 2038-01-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Merrill Ranch Community Facilities District No. 2 (Assessment Area One)                                                                          | Merrill Ranch Community Facilities District No. 2 (Assessment Area One), Series 2006, RB                                                               | CUSIP: 590211AQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    382000 | PA      | $381988.43    | 0.00%             | 2030-07-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Clear Creek Transit Metropolitan District No. 2                                                                                                  | Clear Creek Transit Metropolitan District No. 2, Series 2021 B, GO Bonds                                                                               | CUSIP: 184542AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1117706.94   | 0.01%             | 2050-12-15      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| Crosswinds East Community Development District (Assessment Area One)                                                                             | Crosswinds East Community Development District (Assessment Area One), Series 2024, RB                                                                  | CUSIP: 22769LAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1199285.18   | 0.01%             | 2054-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority                                                                                                          | New York (State of) Dormitory Authority, Series 2021 E, Ref. RB                                                                                        | CUSIP: 64990FM35<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  25000000 | PA      | $21494355.00  | 0.23%             | 2049-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St. Louis (City of), MO                                                                                                                          | St. Louis (City of), MO, Series 2007 A, RB                                                                                                             | CUSIP: 85232CAF1<br>LEI: 5493004O38W8EYGEZ656 | Long             | DBT              | MUN               | US        |   1108000 | PA      | $232680.00    | 0.00%             | 2028-09-02      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| Grand Forks (County of), ND (Green Bonds)                                                                                                        | Grand Forks (County of), ND (Green Bonds), Series 2021, RB                                                                                             | CUSIP: 38543PAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $30.00        | 0.00%             | 2031-12-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Green Bonds)                                                                      | South Carolina (State of) Jobs-Economic Development Authority (Green Bonds), Series 2021, RB                                                           | CUSIP: 83704DAK2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $150000.00    | 0.00%             | 2031-06-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                                                                                   | Lamar Consolidated Independent School District, Series 2023, GO Bonds                                                                                  | CUSIP: 513174H96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  35000000 | PA      | $29496414.50  | 0.32%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas (City of), NV Special Improvement District No. 815                                                                                     | Las Vegas (City of), NV Special Improvement District No. 815, Series 2020, RB                                                                          | CUSIP: 51778VAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $890422.75    | 0.01%             | 2049-12-01      | Fixed         | 5.00%                 | 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        |    100000 | PA      | $99028.14     | 0.00%             | 2031-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Boyd TX                                                                                                                                  | City of Boyd TX, Series 2025, RB                                                                                                                       | CUSIP: 103341AF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $714161.03    | 0.01%             | 2055-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Minnesota (State of) Higher Education Facilities Authority (Bethel University)                                                                   | Minnesota (State of) Higher Education Facilities Authority (Bethel University), Series 2017, Ref. RB                                                   | CUSIP: 60416H3Z5<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   8615000 | PA      | $7372216.47   | 0.08%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QAJ9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    155561 | PA      | $4456.84      | 0.00%             | 2047-01-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Forest Trace Metropolitan District No. 3                                                                                                         | Forest Trace Metropolitan District No. 3, Series 2023 B, GO Bonds                                                                                      | CUSIP: 34619QAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $988596.17    | 0.01%             | 2047-12-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community)                                                        | New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community), Series 2021 A-2, RB                                         | CUSIP: 64542UFQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1713256.02   | 0.02%             | 2036-11-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Mineral Business Improvement District                                                                                                            | Mineral Business Improvement District, Series 2024 B, GO Bonds                                                                                         | CUSIP: 60284AAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $523827.46    | 0.01%             | 2054-12-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Allen (County of), IN (Evergreen Village Fort Wayne)                                                                                             | Allen (County of), IN (Evergreen Village Fort Wayne), Series 2019, RB                                                                                  | CUSIP: 01752PAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9955941.00   | 0.11%             | 2039-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Sawgrass Village Community Development District (Series 2023)                                                                                    | Sawgrass Village Community Development District (Series 2023), Series 2023, RB                                                                         | CUSIP: 805462AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2320000 | PA      | $2278923.47   | 0.02%             | 2053-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| San Antonio Education Facilities Corp.                                                                                                           | San Antonio Education Facilities Corp., Series 2025, RB                                                                                                | CUSIP: 796247EX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8750000 | PA      | $8385814.50   | 0.09%             | 2045-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mona Shores Public Schools                                                                                                                       | Mona Shores Public Schools, Series 2019 I, GO Bonds                                                                                                    | CUSIP: 608804CV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4790000 | PA      | $4849181.41   | 0.05%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fresno Unified School District                                                                                                                   | Fresno Unified School District, Series 2016 B, Ref. GO Bonds                                                                                           | CUSIP: 3582323X2<br>LEI: 549300WL4QIP65TFU882 | Long             | DBT              | MUN               | US        |   7780000 | PA      | $3586588.56   | 0.04%             | 2042-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                                                                                           | Hillsborough County Aviation Authority, Series 2022, RB                                                                                                | CUSIP: 432308P73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9911127.00   | 0.11%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Green Woods Charter school)                                                     | Philadelphia (City of), PA Authority for Industrial Development (Green Woods Charter school), Series 2022 A, Ref. RB                                   | CUSIP: 71780CBQ2<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $933198.80    | 0.01%             | 2052-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                                              | Metropolitan Transportation Authority (Green Bonds), Series 2020 A-1, RB                                                                               | CUSIP: 59261AE37<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $9860004.00   | 0.11%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Traders Point Christian Schools)                                                                  | Wisconsin (State of) Public Finance Authority (Traders Point Christian Schools), Series 2019, RB                                                       | CUSIP: 74442PLZ6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    475000 | PA      | $461815.90    | 0.01%             | 2029-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                 | New York & New Jersey (States of) Port Authority, Series 2019 220, RB                                                                                  | CUSIP: 73358W4D3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |  25765000 | PA      | $20706897.65  | 0.22%             | 2059-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sky Ranch Community Authority Board                                                                                                              | Sky Ranch Community Authority Board, Series 2022 B, RB                                                                                                 | CUSIP: 83086SAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6367000 | PA      | $6400636.22   | 0.07%             | 2052-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Cadence Community Facilities District (Assessment District No. 1)                                                                                | Cadence Community Facilities District (Assessment District No. 1), Series 2019, RB                                                                     | CUSIP: 12738CAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $384336.13    | 0.00%             | 2043-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Rockford Public Schools                                                                                                                          | ROCKFORD PUB SCHS- 5 5/1/2049                                                                                                                          | CUSIP: 773318XB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5710000 | PA      | $5805551.14   | 0.06%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Central Charter School)                                                                                       | Florida Development Finance Corp. (Central Charter School), Series 2022, Ref. RB                                                                       | CUSIP: 34061ULK2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $2985263.45   | 0.03%             | 2057-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Celina (City of), TX (Ten Mile Creek Public Improvement District Improvement Area #1)                                                            | Celina (City of), TX (Ten Mile Creek Public Improvement District Improvement Area #1), Series 2023, RB                                                 | CUSIP: 15114CFU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1451458.35   | 0.02%             | 2052-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Stockton Unified School District (Election of 2008)                                                                                              | Stockton Unified School District (Election of 2008), Series 2011 D, GO Bonds                                                                           | CUSIP: 861419RV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17145000 | PA      | $7657683.95   | 0.08%             | 2043-08-01      | None          | 0.00%                 | 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: 650116GX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9895715.00   | 0.11%             | 2049-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Viridian Farm Public Infrastructure District No. 1                                                                                               | Viridian Farm Public Infrastructure District No. 1, Series 2024 A, GO Bonds                                                                            | CUSIP: 92841PAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1088316.67   | 0.01%             | 2054-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford)                                                            | New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford), Series 2016 A, RB                                               | CUSIP: 64542UCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $509089.30    | 0.01%             | 2046-11-15      | Fixed         | 5.50%                 | 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        | 184335000 | PA      | $159742609.58 | 1.73%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Creek Community Development District (Expansion Area)                                                                                      | Black Creek Community Development District (Expansion Area), Series 2022, RB                                                                           | CUSIP: 09186FAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1510850.55   | 0.02%             | 2052-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Pilot Point (City of), TX (Creekview Public Improvement District Zone B)                                                                         | Pilot Point (City of), TX (Creekview Public Improvement District Zone B), Series 2022, RB                                                              | CUSIP: 721614AS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1241158.36   | 0.01%             | 2052-09-15      | Fixed         | 5.62%                 | 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: 91754TXH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3645000 | PA      | $3294232.17   | 0.04%             | 2049-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Montgomery Independent School District                                                                                                           | Montgomery Independent School District, Series 2023, GO Bonds                                                                                          | CUSIP: 614121ZD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $7403520.40   | 0.08%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fort Wayne (City of), IN (Silver Birch of Fort Wayne)                                                                                            | Fort Wayne (City of), IN (Silver Birch of Fort Wayne), Series 2017, RB                                                                                 | CUSIP: 34926RAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $365178.52    | 0.00%             | 2032-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Tunica (County of), MS                                                                                                                           | Tunica (County of), MS, Series 2019, Ref. RB                                                                                                           | CUSIP: 899759AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1203012.97   | 0.01%             | 2040-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Presbyterian Retirement Co.)                                                                   | Washington (State of) Housing Finance Commission (Presbyterian Retirement Co.), Series 2016 A, Ref. RB                                                 | CUSIP: 939783TJ5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6695481.75   | 0.07%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority (John Glenn Columbus International Airport)                                                                  | Columbus Regional Airport Authority (John Glenn Columbus International Airport), Series 2025, Ref. RB                                                  | CUSIP: 199546DD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13200000 | PA      | $13602295.08  | 0.15%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Rogers Park Montessori School)                                                                            | Illinois (State of) Finance Authority (Rogers Park Montessori School), Series 2014, Ref. RB                                                            | CUSIP: 452029AC5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    535000 | PA      | $535116.84    | 0.01%             | 2034-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Old Redforf Academy)                                                                                      | Michigan (State of) Finance Authority (Old Redforf Academy), Series 2010 A, RB                                                                         | CUSIP: 594479AH0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    935000 | PA      | $927868.19    | 0.01%             | 2030-12-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Venice (City of), FL (Village on the Isle)                                                                                                       | Venice (City of), FL (Village on the Isle), Series 2024 A, RB                                                                                          | CUSIP: 922687AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1892902.20   | 0.02%             | 2060-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 TT, RB                                                                             | CUSIP: 74526QKV3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1990000 | PA      | $1092012.50   | 0.01%             | 2027-07-01      | 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        |   2650000 | PA      | $26.50        | 0.00%             | 2032-07-01      | Fixed         | 7.50%                 | Yes           |                  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        |  23240000 | PA      | $23980544.92  | 0.26%             | 2040-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                                                                                        | Michigan State Hospital Finance Authority, Series 2025, RB                                                                                             | CUSIP: 59465HXG6<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   3020000 | PA      | $3020000.00   | 0.03%             | 2025-06-06      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                                                                                       | Tarrant County Cultural Education Facilities Finance Corp., Series 2025, RB                                                                            | CUSIP: 87638QTJ8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  11225000 | PA      | $11653782.65  | 0.13%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QBB5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    142507 | PA      | $1405.26      | 0.00%             | 2064-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Portland (Port of), OR                                                                                                                           | Portland (Port of), OR, Series 2023-28, RB                                                                                                             | CUSIP: 7352402Q5<br>LEI: 549300BRH7XZ3ZK0DS46 | Long             | DBT              | MUN               | US        |  12385000 | PA      | $11088260.78  | 0.12%             | 2042-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Mater Academy of Nevada Mountain Vista Campus Project)                                      | Arizona (State of) Industrial Development Authority (Mater Academy of Nevada Mountain Vista Campus Project), Series 2018 A, RB                         | CUSIP: 04052BHA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2235184.97   | 0.02%             | 2048-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                               | Tobacco Settlement Financing Corp., Series 2018 B, Ref. RB                                                                                             | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  33860000 | PA      | $32506568.40  | 0.35%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kitsap (County of), WA Consolidated Housing Authority                                                                                            | Kitsap (County of), WA Consolidated Housing Authority, Series 2001 A, RB                                                                               | CUSIP: 498037HZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $34271.86     | 0.00%             | 2031-10-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Country Club Highlands Metropolitan District                                                                                                     | Country Club Highlands Metropolitan District, Series 2007, GO Bonds                                                                                    | CUSIP: 222334AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $943000.00    | 0.01%             | 2037-12-01      | Fixed         | 7.25%                 | No            |                  3 | On Loan: No      |
| Phoenix (City of), AZ Industrial Development Authority (The) (Overland Crossing)                                                                 | Phoenix (City of), AZ Industrial Development Authority (The) (Overland Crossing), Series 2022, RB                                                      | CUSIP: 71884NAA9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   7900000 | PA      | $6750023.07   | 0.07%             | 2052-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.)                                                 | California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.), Series 2002, RB                                      | CUSIP: 13016NBJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5005993.50   | 0.05%             | 2038-06-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Anchorage (City of), AK Municipality                                                                                                             | Anchorage (City of), AK Municipality, Series 2024 A, RB                                                                                                | CUSIP: 033252CR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $10602580.00  | 0.12%             | 2065-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                                                                                     | West Virginia Economic Development Authority, Series 2025, RB                                                                                          | CUSIP: 95648VBU2<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3481648.80   | 0.04%             | 2035-03-27      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Learning Gate Community School)                                                                               | Florida Development Finance Corp. (Learning Gate Community School), Series 2018 A, Ref. RB                                                             | CUSIP: 340618CX3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    985000 | PA      | $894098.68    | 0.01%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  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: 72177MRK5<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2161229.28   | 0.02%             | 2046-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Marietta (City of), GA Developing Authority (Life University, Inc.)                                                                              | Marietta (City of), GA Developing Authority (Life University, Inc.), Series 2017 A, Ref. RB                                                            | CUSIP: 567656EB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1762600.00   | 0.02%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp.                                                                                          | District of Columbia Tobacco Settlement Financing Corp., Series 2006 C, RB                                                                             | CUSIP: 254842BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 900680000 | PA      | $88900808.79  | 0.96%             | 2055-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Westview South Community Development District (Assessment Area One - 2023 Project Area)                                                          | Westview South Community Development District (Assessment Area One - 2023 Project Area), Series 2023, RB                                               | CUSIP: 961566AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $1995636.79   | 0.02%             | 2053-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)                                                             | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2022, RB                                                  | CUSIP: 544445F53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10250000 | PA      | $8922267.28   | 0.10%             | 2047-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Rider University)                                                                                 | Wisconsin (State of) Public Finance Authority (Rider University), Series 2021 B, RB                                                                    | CUSIP: 74442PRJ6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7040000 | PA      | $6363986.82   | 0.07%             | 2031-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lakeside Preserve Community Development District (Series 2023)                                                                                   | Lakeside Preserve Community Development District (Series 2023), Series 2023, RB                                                                        | CUSIP: 51218WAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1353595.45   | 0.01%             | 2054-05-01      | Fixed         | 6.38%                 | 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        |  25075847 | PA      | $23602071.69  | 0.26%             | 2036-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Matteson (Village of), IL                                                                                                                        | Matteson (Village of), IL, Series 2015, RB                                                                                                             | CUSIP: 577117AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1187744.07   | 0.01%             | 2035-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Admiral at the Lake (The))                                                                                | Illinois (State of) Finance Authority (Admiral at the Lake (The)), Series 2017, Ref. RB                                                                | CUSIP: 45204EC30<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3220000 | PA      | $2611221.00   | 0.03%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Bastrop TX                                                                                                                               | City of Bastrop TX, Series 2025, RB                                                                                                                    | CUSIP: 070341AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $966318.20    | 0.01%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TSASC, Inc.                                                                                                                                      | TSASC, Inc., Series 2016 B, Ref. RB                                                                                                                    | CUSIP: 898526FQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4045000 | PA      | $3568950.02   | 0.04%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elbert (County of), CO Highway 86 Metropolitan District                                                                                          | Elbert (County of), CO Highway 86 Metropolitan District, Series 2016, Ref. GO Bonds                                                                    | CUSIP: 28421JAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2714757.12   | 0.03%             | 2046-12-01      | Fixed         | 5.75%                 | 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: 967249RP0<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   3315000 | PA      | $3123832.90   | 0.03%             | 2054-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority                                                                                                          | New York (State of) Dormitory Authority, Series 2021 E, Ref. RB                                                                                        | CUSIP: 64990FL93<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  10075000 | PA      | $8794215.63   | 0.10%             | 2047-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chattanooga (City of), TN Health, Educational & Housing Facility Board (Erlanger Health System)                                                  | Chattanooga (City of), TN Health, Educational & Housing Facility Board (Erlanger Health System), Series 2024, Ref. RB                                  | CUSIP: 162409AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8004265.60   | 0.09%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2005 A-1, RB                                                                                     | CUSIP: 74445QAW0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    158824 | PA      | $2111.63      | 0.00%             | 2059-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer