# EDGAR Filing Document

**Accession Number:** 0000909466
**File Stem:** 0001752724-25-183712
**Filing Date:** 2025-7
**Character Count:** 468918
**Document Hash:** 29bd0db48c89407a941a6c7b1d3bb8f5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-183712.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001752724-25-183712

**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:** 251166462

**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 MUNICIPAL INCOME FUND (Series ID: S000027869)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000084631 | CLASS A        | VKMMX           |
| C000084633 | CLASS C        | VMICX           |
| C000084634 | CLASS Y        | VMIIX           |
| C000125172 | Investor Class | VMINX           |
| C000188919 | Class R6       | VKMSX           |

## 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–103.31%** | **Municipal Obligations–103.31%** | **Municipal Obligations–103.31%** | **Municipal Obligations–103.31%** | **Municipal Obligations–103.31%** |
| **Alabama–3.00%** | **Alabama–3.00%** | **Alabama–3.00%** | **Alabama–3.00%** | **Alabama–3.00%** |
| &nbsp;&nbsp;&nbsp; Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the <br> Aging); Series 2016, RB<br>| 5.75% | 06/01/2035 | $4200 | &nbsp;&nbsp; $4077387 |
| Black Belt Energy Gas District (The); Series 2024 A, RB<sup>(a)</sup> <br>| 5.25% | 09/01/2032 | 3895 | &nbsp;&nbsp; 4107318 |
| Black Belt Energy Gas District (The) (No. 4); Series 2019 A-1, RB<sup>(a)</sup> <br>| 4.00% | 12/01/2025 | 15000 | &nbsp;&nbsp; 15002511 |
| Energy Southeast, A Cooperative District; Series 2024 B, RB<sup>(a)</sup> <br>| 5.25% | 06/01/2032 | 4500 | &nbsp;&nbsp; 4764385 |
| Hoover (City of), AL Industrial Development Board (United States Steel Corp.); Series 2019, RB<sup>(b)</sup> <br>| 5.75% | 10/01/2049 | 5000 | &nbsp;&nbsp; 5017856 |
| &nbsp;&nbsp;&nbsp; Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village); Series 2007, <br> RB (Acquired 12/17/2007; Cost $784,728)<sup>(c)(d)</sup> <br>| 5.50% | 01/01/2043 | 900 | &nbsp;&nbsp; 495000 |
| Jefferson (County of), AL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.25% | 10/01/2045 | 5000 | &nbsp;&nbsp; 5113621 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. Revenue Wts. | 5.25% | 10/01/2049 | 6460 | &nbsp;&nbsp; 6527460 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. Revenue Wts. | 5.50% | 10/01/2053 | 5000 | &nbsp;&nbsp; 5125687 |
| Lower Alabama Gas District (The); Series 2016 A, RB | 5.00% | 09/01/2046 | 21000 | &nbsp;&nbsp; 21413339 |
| Southeast Energy Authority, A Cooperative District (No. 2); Series 2024 A, RB | 5.00% | 11/01/2035 | 8765 | &nbsp;&nbsp; 9047826 |
| Southeast Energy Authority, A Cooperative District (No. 3); Series 2022 A-1, RB<sup>(a)</sup> <br>| 5.50% | 12/01/2029 | 5445 | &nbsp;&nbsp; 5745732 |
| &nbsp;&nbsp;&nbsp; Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining); Series 2019 A, Ref. <br> IDR<sup>(e)</sup> <br>| 5.25% | 05/01/2044 | 5000 | &nbsp;&nbsp; 4926206 |
|  |  |  |  | &nbsp;&nbsp; 91364328 |
| **Alaska–0.47%** | **Alaska–0.47%** | **Alaska–0.47%** | **Alaska–0.47%** | **Alaska–0.47%** |
| Municipality of Anchorage AK; Series 2025, RB (INS - AGI)<sup>(b)(f)(g)</sup> <br>| 5.25% | 02/01/2050 | 14120 | &nbsp;&nbsp; 14303581 |
| **Arizona–2.80%** | **Arizona–2.80%** | **Arizona–2.80%** | **Arizona–2.80%** | **Arizona–2.80%** |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB (CEP - Ohio School District) | 5.00% | 07/01/2042 | 675 | &nbsp;&nbsp; 661869 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB (CEP - Ohio School District) | 5.00% | 07/01/2047 | 925 | &nbsp;&nbsp; 883721 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB (CEP - Ohio School District) | 5.00% | 07/01/2051 | 1000 | &nbsp;&nbsp; 932983 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB (CEP - Ohio School District) | 5.00% | 07/01/2038 | 500 | &nbsp;&nbsp; 502966 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB (CEP - Ohio School District) | 5.00% | 07/01/2048 | 1800 | &nbsp;&nbsp; 1709863 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB (CEP - Ohio School District) | 5.00% | 07/01/2052 | 2125 | &nbsp;&nbsp; 1976544 |
| Arizona (State of) Industrial Development Authority (Basis Schools); Series 2017 A, Ref. RB<sup>(e)</sup> <br>| 5.25% | 07/01/2047 | 4500 | &nbsp;&nbsp; 4374599 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Kaizen Education Foundation); Series 2016, <br> RB<sup>(e)</sup> <br>| 5.50% | 07/01/2036 | 5565 | &nbsp;&nbsp; 5600929 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Pinecrest Academy of Nevada-Horizon, <br> Inspirada and St. Rose Campus Projects); Series 2018 A, RB<sup>(e)</sup> <br>| 5.75% | 07/15/2048 | 3150 | &nbsp;&nbsp; 3161800 |
| Arizona (State of) Industrial Development Authority (Social Bonds); Series 2020 A, RB | 4.00% | 11/01/2045 | 2500 | &nbsp;&nbsp; 2098962 |
| Chandler (City of), AZ Industrial Development Authority (Intel Corp.); Series 2007, RB<sup>(a)(b)</sup> <br>| 4.10% | 06/15/2028 | 10000 | &nbsp;&nbsp; 10012885 |
| Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 11/15/2031 | 2440 | &nbsp;&nbsp; 2139707 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 11/15/2036 | 2550 | &nbsp;&nbsp; 1981068 |
| &nbsp;&nbsp;&nbsp; Maricopa (County of), AZ Industrial Development Authority (Paradise Schools); Series 2016, Ref. <br> RB<sup>(e)</sup> <br>| 5.00% | 07/01/2036 | 2500 | &nbsp;&nbsp; 2498829 |
| Phoenix Civic Improvement Corp.; Series 2019, RB | 5.00% | 07/01/2049 | 11425 | &nbsp;&nbsp; 11352962 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (The) (Grande Innovations Academy); <br> Series 2018, RB<sup>(e)</sup> <br>| 5.25% | 07/01/2048 | 5000 | &nbsp;&nbsp; 4608675 |
| Salt River Project Agricultural Improvement & Power District; Series 2025, RB<sup>(g)</sup> <br>| 5.25% | 01/01/2053 | 12280 | &nbsp;&nbsp; 12755852 |
| Salt Verde Financial Corp.; Series 2007, RB | 5.00% | 12/01/2037 | 3180 | &nbsp;&nbsp; 3291610 |
| &nbsp;&nbsp;&nbsp; Sierra (City of), AZ Vista Industrial Development Authority (American Leadership Academy Project); <br> Series 2024, RB<sup>(e)</sup> <br>| 5.00% | 06/15/2059 | 3860 | &nbsp;&nbsp; 3454062 |
| &nbsp;&nbsp;&nbsp; Yuma (City of), AZ Industrial Development Authority (Yuma Regional Medical Center); Series 2024, <br> Ref. RB<br>| 5.25% | 08/01/2054 | 10990 | &nbsp;&nbsp; 11082778 |
|  |  |  |  | &nbsp;&nbsp; 85082664 |
| **Arkansas–0.49%** | **Arkansas–0.49%** | **Arkansas–0.49%** | **Arkansas–0.49%** | **Arkansas–0.49%** |
| &nbsp;&nbsp;&nbsp; Arkansas (State of) Development Finance Authority (Big River Steel) (Green Bonds); Series 2020, <br> RB<sup>(b)(e)</sup> <br>| 4.75% | 09/01/2049 | 5000 | &nbsp;&nbsp; 4899846 |

---

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

**Invesco Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Arkansas–(continued)** | **Arkansas–(continued)** | **Arkansas–(continued)** | **Arkansas–(continued)** | **Arkansas–(continued)** |
| Arkansas (State of) Development Finance Authority (Green Bonds); Series 2022, RB<sup>(b)</sup> <br>| 5.45% | 09/01/2052 | $5000 | &nbsp;&nbsp; $4977301 |
| &nbsp;&nbsp;&nbsp; Arkansas (State of) Development Finance Authority (U.S. Steel Corp.) (Green Bonds); Series 2023, <br> RB<sup>(b)</sup> <br>| 5.70% | 05/01/2053 | 5000 | &nbsp;&nbsp; 5057314 |
|  |  |  |  | &nbsp;&nbsp; 14934461 |
| **California–9.71%** | **California–9.71%** | **California–9.71%** | **California–9.71%** | **California–9.71%** |
| Beverly Hills Unified School District (Election of 2008); Series 2009, GO Bonds<sup>(h)</sup> <br>| 0.00% | 08/01/2031 | 40 | &nbsp;&nbsp; 32868 |
| California (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. GO Bonds | 4.00% | 03/01/2040 | 5000 | &nbsp;&nbsp; 4919693 |
| &nbsp;&nbsp;&nbsp; Series 2022, GO Bonds | 4.00% | 04/01/2049 | 2190 | &nbsp;&nbsp; 1973754 |
| California (State of) Community Choice Financing Authority (Clean Energy); Series 2024, RB<sup>(a)</sup> <br>| 5.00% | 04/01/2032 | 10000 | &nbsp;&nbsp; 10499208 |
| California (State of) Community Choice Financing Authority (Green Bonds); Series 2023, RB<sup>(a)</sup> <br>| 5.00% | 08/01/2029 | 5000 | &nbsp;&nbsp; 5176294 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization <br> Corp.);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 4.00% | 06/01/2049 | 1500 | &nbsp;&nbsp; 1274933 |
| &nbsp;&nbsp;&nbsp; Series 2020 B-2, Ref. RB<sup>(h)</sup> <br>| 0.00% | 06/01/2055 | 27695 | &nbsp;&nbsp; 5040496 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.); <br> Series 2020, Ref. RB<sup>(h)</sup> <br>| 0.00% | 06/01/2055 | 10000 | &nbsp;&nbsp; 2016365 |
| California (State of) Housing Finance Agency; Series 2019 A-2, RB | 4.00% | 03/20/2033 | 8823 | &nbsp;&nbsp; 8765821 |
| California (State of) Housing Finance Agency (Social Certificates); Series 2023-1, RB | 4.38% | 09/20/2036 | 3440 | &nbsp;&nbsp; 3410604 |
| &nbsp;&nbsp;&nbsp; California (State of) Infrastructure & Economic Development Bank (Brightline West Passenger Rail) <br> (Green Bonds); Series 2025 B, Ref. RB<sup>(a)(b)(e)</sup> <br>| 9.50% | 01/01/2035 | 10000 | &nbsp;&nbsp; 9692717 |
| California (State of) Municipal Finance Authority (Linxs APM); Series 2018 A, RB<sup>(b)</sup> <br>| 5.00% | 12/31/2043 | 10000 | &nbsp;&nbsp; 9747386 |
| California (State of) Pollution Control Financing Authority (Plant Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(b)(e)</sup> <br>| 5.00% | 07/01/2030 | 3160 | &nbsp;&nbsp; 3161723 |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(b)(e)</sup> <br>| 5.00% | 11/21/2045 | 6705 | &nbsp;&nbsp; 6350375 |
| &nbsp;&nbsp;&nbsp; California (State of) Pollution Control Financing Authority (San Diego County Water Authority); <br> Series 2019, Ref. RB<sup>(e)</sup> <br>| 5.00% | 11/21/2045 | 5250 | &nbsp;&nbsp; 5196121 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Lancer Educational Student <br> Housing); Series 2016, Ref. RB<sup>(e)</sup> <br>| 5.00% | 06/01/2046 | 3000 | &nbsp;&nbsp; 2793337 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Loma Linda University Medical <br> Center);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(e)</sup> <br>| 5.00% | 12/01/2041 | 6475 | &nbsp;&nbsp; 6262001 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(e)</sup> <br>| 5.25% | 12/01/2056 | 6150 | &nbsp;&nbsp; 5971732 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program); <br> Series 2006 C, RB<sup>(e)(h)</sup> <br>| 0.00% | 06/01/2055 | 45000 | &nbsp;&nbsp; 2861028 |
| California Enterprise Development Authority; Series 2025, RB<sup>(g)</sup> <br>| 5.50% | 11/01/2059 | 10000 | &nbsp;&nbsp; 10805231 |
| Clovis Unified School District (Election of 2004); Series 2004 A, GO Bonds (INS - NATL)<sup>(f)(h)</sup> <br>| 0.00% | 08/01/2029 | 1585 | &nbsp;&nbsp; 1385583 |
| Clovis Unified School District (Election of 2012); Series 2015 D, GO Bonds<sup>(a)(h)(i)</sup> <br>| 0.00% | 08/01/2025 | 3270 | &nbsp;&nbsp; 2265645 |
| Corona-Norco Unified School District (Election of 2006); Series 2009 C, GO Bonds (INS - AGI)<sup>(f)(h)</sup> <br>| 0.00% | 08/01/2039 | 1000 | &nbsp;&nbsp; 513945 |
| El Segundo Unified School District (Election of 2008); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009 A, GO Bonds<sup>(h)</sup> <br>| 0.00% | 08/01/2032 | 5030 | &nbsp;&nbsp; 3955941 |
| &nbsp;&nbsp;&nbsp; Series 2009 A, GO Bonds<sup>(h)</sup> <br>| 0.00% | 08/01/2033 | 4185 | &nbsp;&nbsp; 3159129 |
| Golden State Tobacco Securitization Corp.; Series 2021 B-2, Ref. RB<sup>(h)</sup> <br>| 0.00% | 06/01/2066 | 82850 | &nbsp;&nbsp; 8923086 |
| &nbsp;&nbsp;&nbsp; Hacienda La Puente Unified School District Facilities Financing Authority (Unified School District GO <br> Bond Program); Series 2007, RB (INS - AGI)<sup>(f)</sup> <br>| 5.00% | 08/01/2026 | 2000 | &nbsp;&nbsp; 2053118 |
| Hayward Unified School District (Election of 2008); Series 2010 A, GO Bonds (INS - AGI)<sup>(f)(h)</sup> <br>| 0.00% | 08/01/2034 | 1500 | &nbsp;&nbsp; 1067948 |
| Long Beach Unified School District (Election of 2008); Series 2009, GO Bonds | 5.75% | 08/01/2033 | 305 | &nbsp;&nbsp; 306177 |
| Los Angeles (City of), CA Department of Airports; Series 2021 A, Ref. RB<sup>(b)</sup> <br>| 5.00% | 05/15/2046 | 10000 | &nbsp;&nbsp; 9999743 |
| Los Angeles (City of), CA Department of Airports (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 G, RB<sup>(b)</sup> <br>| 5.50% | 05/15/2037 | 10810 | &nbsp;&nbsp; 11574345 |
| &nbsp;&nbsp;&nbsp; Series 2022 G, RB<sup>(b)</sup> <br>| 5.50% | 05/15/2038 | 6000 | &nbsp;&nbsp; 6371763 |
| &nbsp;&nbsp;&nbsp; Los Angeles (City of), CA Department of Airports (Los Angeles International Airport); Series 2018 <br> A, RB<sup>(b)</sup> <br>| 5.00% | 05/15/2044 | 5515 | &nbsp;&nbsp; 5474681 |
| Los Angeles (City of), CA Department of Water & Power; Subseries 2002 A-6, Ref. VRD RB<sup>(j)</sup> <br>| 2.70% | 07/01/2035 | 5000 | &nbsp;&nbsp; 5000000 |
| Los Angeles Unified School District (Green Bonds); Series 2022 QRR, GO Bonds | 5.25% | 07/01/2047 | 5000 | &nbsp;&nbsp; 5239595 |
| Menifee Union School District (Election of 2008); Series 2009 C, GO Bonds (INS - AGI)<sup>(f)(h)</sup> <br>| 0.00% | 08/01/2035 | 3260 | &nbsp;&nbsp; 2236986 |
| Morongo Band of Mission Indians (The); Series 2018 A, RB<sup>(e)</sup> <br>| 5.00% | 10/01/2042 | 4800 | &nbsp;&nbsp; 4788782 |
| M-S-R Energy Authority; Series 2009 B, RB | 6.50% | 11/01/2039 | 9015 | &nbsp;&nbsp; 10641549 |

---

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

**Invesco Municipal Income 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)** |
| Patterson Joint Unified School District (Election of 2008); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009 B, GO Bonds (INS - AGI)<sup>(f)(h)</sup> <br>| 0.00% | 08/01/2037 | $1170 | &nbsp;&nbsp; $720174 |
| &nbsp;&nbsp;&nbsp; Series 2009 B, GO Bonds (INS - AGI)<sup>(f)(h)</sup> <br>| 0.00% | 08/01/2038 | 4770 | &nbsp;&nbsp; 2770608 |
| &nbsp;&nbsp;&nbsp; Series 2009 B, GO Bonds (INS - AGI)<sup>(f)(h)</sup> <br>| 0.00% | 08/01/2039 | 5010 | &nbsp;&nbsp; 2752024 |
| &nbsp;&nbsp;&nbsp; Series 2009 B, GO Bonds (INS - AGI)<sup>(f)(h)</sup> <br>| 0.00% | 08/01/2040 | 5260 | &nbsp;&nbsp; 2730124 |
| &nbsp;&nbsp;&nbsp; Series 2009 B, GO Bonds (INS - AGI)<sup>(f)(h)</sup> <br>| 0.00% | 08/01/2041 | 5520 | &nbsp;&nbsp; 2699381 |
| Placentia-Yorba Linda Unified School District (Election of 2008); Series 2011 D, GO Bonds<sup>(h)</sup> <br>| 0.00% | 08/01/2035 | 1500 | &nbsp;&nbsp; 1012993 |
| San Diego (City of), CA Public Facilities Financing Authority; Series 2023 A, RB | 4.00% | 08/01/2052 | 10000 | &nbsp;&nbsp; 9093791 |
| San Diego (County of), CA Regional Airport Authority; Series 2021 B, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2046 | 15000 | &nbsp;&nbsp; 14902786 |
| San Diego Unified School District (Election of 2018) (Green Bonds); Series 2023, GO Bonds | 4.00% | 07/01/2053 | 10000 | &nbsp;&nbsp; 8942534 |
| &nbsp;&nbsp;&nbsp; San Francisco (City & County of), CA Airport Commission (San Francisco International Airport); <br> Series 2019 E, RB<sup>(b)</sup> <br>| 5.00% | 05/01/2050 | 15000 | &nbsp;&nbsp; 14747782 |
| &nbsp;&nbsp;&nbsp; San Francisco City & County Airport Comm-San Francisco International Airport; Series 2025, <br> RB<sup>(b)(g)(k)</sup> <br>| 5.50% | 05/01/2055 | 10000 | &nbsp;&nbsp; 10383948 |
| San Joaquin Hills Transportation Corridor Agency; Series 2014 B, Ref. RB | 5.25% | 01/15/2044 | 1595 | &nbsp;&nbsp; 1595248 |
| San Mateo Foster City School District (Election of 2008); Series 2010, GO Bonds<sup>(l)</sup> <br>| 6.63% | 08/01/2042 | 4915 | &nbsp;&nbsp; 5226307 |
| Silicon Valley Tobacco Securitization Authority (Santa Clara); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB<sup>(h)</sup> <br>| 0.00% | 06/01/2036 | 22000 | &nbsp;&nbsp; 11952763 |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB<sup>(h)</sup> <br>| 0.00% | 06/01/2041 | 5000 | &nbsp;&nbsp; 1783205 |
| &nbsp;&nbsp;&nbsp; Southern California Tobacco Securitization Authority (San Diego County Asset Securitization <br> Corp.); Series 2019, Ref. RB<br>| 5.00% | 06/01/2048 | 3900 | &nbsp;&nbsp; 3710717 |
| Torrance Unified School District (Election of 2008-Measure Z); Series 2009 B-1, GO Bonds<sup>(h)</sup> <br>| 0.00% | 08/01/2026 | 1250 | &nbsp;&nbsp; 1205381 |
| Transbay Joint Powers Authority (Green Bonds); Series 2020 A, RB | 5.00% | 10/01/2045 | 1000 | &nbsp;&nbsp; 970779 |
| West Contra Costa Unified School District; Series 2005, GO Bonds (INS - NATL)<sup>(f)(h)</sup> <br>| 0.00% | 08/01/2027 | 7865 | &nbsp;&nbsp; 7320600 |
|  |  |  |  | &nbsp;&nbsp; 295430848 |
| **Colorado–2.42%** | **Colorado–2.42%** | **Colorado–2.42%** | **Colorado–2.42%** | **Colorado–2.42%** |
| Amber Creek Metropolitan District; Series 2017 A, Ref. GO Bonds | 5.13% | 12/01/2047 | 1029 | &nbsp;&nbsp; 857770 |
| Broadway Park North Metropolitan District No. 2; Series 2020, GO Bonds<sup>(e)</sup> <br>| 5.00% | 12/01/2049 | 1600 | &nbsp;&nbsp; 1407598 |
| Centerra Metropolitan District No. 1 (In the City of Loveland); Series 2017, RB<sup>(e)</sup> <br>| 5.00% | 12/01/2037 | 3500 | &nbsp;&nbsp; 3492898 |
| Colorado (State of) Health Facilities Authority (CommonSpirit Health); Series 2019 A-2, Ref. RB | 4.00% | 08/01/2049 | 15000 | &nbsp;&nbsp; 12399059 |
| &nbsp;&nbsp;&nbsp; Colorado (State of) Health Facilities Authority (Covenant Living Communinities and Services); <br> Series 2025, Ref. RB<br>| 5.13% | 12/01/2050 | 4000 | &nbsp;&nbsp; 3974719 |
| &nbsp;&nbsp;&nbsp; Colorado (State of) High Performance Transportation Enterprise (C-470 Express Lanes); <br> Series 2017, RB<br>| 5.00% | 12/31/2051 | 6220 | &nbsp;&nbsp; 5958866 |
| Crowfoot Valley Ranch Metropolitan District No. 2; Series 2024 A, Ref. GO Bonds (INS - BAM)<sup>(f)</sup> <br>| 4.25% | 12/01/2049 | 2250 | &nbsp;&nbsp; 1982020 |
| Denver (City & County of), CO; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB<sup>(b)</sup> <br>| 5.00% | 12/01/2048 | 15800 | &nbsp;&nbsp; 15519006 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 08/01/2051 | 9000 | &nbsp;&nbsp; 7620746 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(b)</sup> <br>| 5.50% | 11/15/2042 | 7500 | &nbsp;&nbsp; 7848194 |
| Denver (City & County of), CO Convention Center Hotel Authority; Series 2016, Ref. RB | 5.00% | 12/01/2035 | 2500 | &nbsp;&nbsp; 2515929 |
| Public Authority for Colorado Energy; Series 2008, RB | 6.50% | 11/15/2038 | 7015 | &nbsp;&nbsp; 8195397 |
| Sterling Ranch Community Authority Board; Series 2020 A, Ref. RB | 4.25% | 12/01/2050 | 2250 | &nbsp;&nbsp; 1916675 |
|  |  |  |  | &nbsp;&nbsp; 73688877 |
| **Connecticut–0.31%** | **Connecticut–0.31%** | **Connecticut–0.31%** | **Connecticut–0.31%** | **Connecticut–0.31%** |
| &nbsp;&nbsp;&nbsp; Connecticut (State of) Health & Educational Facilities Authority (Church Home of Hartford, Inc.); <br> Series 2016 A, RB<sup>(e)</sup> <br>| 5.00% | 09/01/2046 | 3990 | &nbsp;&nbsp; 3676145 |
| Connecticut (State of) Health & Educational Facilities Authority (Duncaster, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 5.00% | 08/01/2035 | 1000 | &nbsp;&nbsp; 999978 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 5.00% | 08/01/2044 | 5000 | &nbsp;&nbsp; 4677989 |
|  |  |  |  | &nbsp;&nbsp; 9354112 |
| **District of Columbia–3.48%** | **District of Columbia–3.48%** | **District of Columbia–3.48%** | **District of Columbia–3.48%** | **District of Columbia–3.48%** |
| District of Columbia; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB | 4.00% | 03/01/2045 | 6665 | &nbsp;&nbsp; 6053260 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds<sup>(g)</sup> <br>| 5.25% | 01/01/2048 | 6820 | &nbsp;&nbsp; 7067609 |
| District of Columbia (Georgetown University); Series 2017, Ref. RB<sup>(a)(i)</sup> <br>| 5.00% | 04/01/2027 | 1180 | &nbsp;&nbsp; 1224637 |
| District of Columbia (Ingleside at Rock Creek); Series 2017 A, RB | 5.00% | 07/01/2052 | 2250 | &nbsp;&nbsp; 1950615 |

---

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

**Invesco Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **District of Columbia–(continued)** | **District of Columbia–(continued)** | **District of Columbia–(continued)** | **District of Columbia–(continued)** | **District of Columbia–(continued)** |
| District of Columbia Tobacco Settlement Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006 A, RB<sup>(h)</sup> <br>| 0.00% | 06/15/2046 | $25000 | &nbsp;&nbsp; $6300900 |
| &nbsp;&nbsp;&nbsp; Series 2006 C, RB<sup>(h)</sup> <br>| 0.00% | 06/15/2055 | 34000 | &nbsp;&nbsp; 3355939 |
| District of Columbia Water & Sewer Authority (Green Bonds); Series 2022 C-1, RB | 4.00% | 10/01/2051 | 10000 | &nbsp;&nbsp; 8517991 |
| Metropolitan Washington Airports Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2010 A, RB (INS - AGI)<sup>(f)(h)</sup> <br>| 0.00% | 10/01/2037 | 17565 | &nbsp;&nbsp; 9518974 |
| &nbsp;&nbsp;&nbsp; Series 2019 B, Ref. RB | 4.00% | 10/01/2049 | 26045 | &nbsp;&nbsp; 22155692 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB<sup>(b)</sup> <br>| 5.25% | 10/01/2049 | 5250 | &nbsp;&nbsp; 5332713 |
| Tender Option Bond Trust Receipts/Certificates; Series 2025, RB<sup>(g)</sup> <br>| 5.00% | 07/01/2047 | 11675 | &nbsp;&nbsp; 11905607 |
| Washington Metropolitan Area Transit Authority; Series 2020 A, RB | 4.00% | 07/15/2045 | 5000 | &nbsp;&nbsp; 4434223 |
| Washington Metropolitan Area Transit Authority (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB | 5.50% | 07/15/2051 | 7500 | &nbsp;&nbsp; 7845332 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB | 5.25% | 07/15/2053 | 10000 | &nbsp;&nbsp; 10243782 |
|  |  |  |  | &nbsp;&nbsp; 105907274 |
| **Florida–10.05%** | **Florida–10.05%** | **Florida–10.05%** | **Florida–10.05%** | **Florida–10.05%** |
| Broward (County of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(b)</sup> <br>| 5.00% | 10/01/2047 | 18945 | &nbsp;&nbsp; 18602683 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(b)</sup> <br>| 4.00% | 10/01/2049 | 5530 | &nbsp;&nbsp; 4711083 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB | 4.00% | 10/01/2047 | 5005 | &nbsp;&nbsp; 4526902 |
| Broward (County of), FL (Convention Center Expansion); Series 2021, RB | 4.00% | 09/01/2047 | 15000 | &nbsp;&nbsp; 12783157 |
| Capital Trust Agency, Inc. (Franklin Academy); Series 2020, RB<sup>(e)</sup> <br>| 5.00% | 12/15/2055 | 2000 | &nbsp;&nbsp; 1708244 |
| &nbsp;&nbsp;&nbsp; Capital Trust Agency, Inc. (Sarasota-Manatee Jewish Housing Council, Inc.); Series 2017, Ref. <br> RB<sup>(e)</sup> <br>| 5.00% | 07/01/2046 | 2500 | &nbsp;&nbsp; 1766650 |
| Collier (County of), FL Industrial Development Authority (The Arlington of Naples); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB (Acquired 12/16/2013; Cost $745,694)<sup>(c)(d)(e)</sup> <br>| 7.25% | 05/15/2026 | 746 | &nbsp;&nbsp; 75 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB (Acquired 12/16/2013; Cost $1,821,324)<sup>(c)(d)(e)</sup> <br>| 7.75% | 05/15/2035 | 1864 | &nbsp;&nbsp; 186 |
| Davie (Town of), FL (Nova Southeastern University); Series 2018, Ref. RB | 5.00% | 04/01/2048 | 5000 | &nbsp;&nbsp; 4914741 |
| Florida (State of) North Broward Hospital District; Series 2017 B, Ref. RB | 5.00% | 01/01/2048 | 5000 | &nbsp;&nbsp; 4893091 |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(a)(b)(e)</sup> <br>| 12.00% | 07/15/2028 | 6000 | &nbsp;&nbsp; 6230273 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(b)(f)</sup> <br>| 5.00% | 07/01/2044 | 10000 | &nbsp;&nbsp; 9794656 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(b)(f)</sup> <br>| 5.25% | 07/01/2053 | 15125 | &nbsp;&nbsp; 14883374 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(b)</sup> <br>| 5.50% | 07/01/2053 | 10900 | &nbsp;&nbsp; 10247518 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)(b)(e)</sup> <br>| 8.25% | 08/13/2025 | 5000 | &nbsp;&nbsp; 5091256 |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail); Series 2024, RB<sup>(a)(b)(e)</sup> <br>| 10.00% | 07/15/2028 | 5000 | &nbsp;&nbsp; 5107585 |
| Florida Development Finance Corp. (Mater Academy); Series 2020 A, RB | 5.00% | 06/15/2050 | 9405 | &nbsp;&nbsp; 8854915 |
| Florida Development Finance Corp. (Renaissance Charter School, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, RB<sup>(e)</sup> <br>| 6.00% | 06/15/2035 | 2935 | &nbsp;&nbsp; 2936263 |
| &nbsp;&nbsp;&nbsp; Series 2020 C, Ref. RB<sup>(e)</sup> <br>| 5.00% | 09/15/2050 | 4400 | &nbsp;&nbsp; 3754458 |
| Greater Orlando Aviation Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(b)</sup> <br>| 5.00% | 10/01/2047 | 10000 | &nbsp;&nbsp; 9858516 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(b)</sup> <br>| 4.00% | 10/01/2044 | 10000 | &nbsp;&nbsp; 8940658 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)</sup> <br>| 5.25% | 10/01/2051 | 10000 | &nbsp;&nbsp; 10120027 |
| &nbsp;&nbsp;&nbsp; Highlands (County of), FL Health Facilities Authority (Trousdale Foundation Properties); <br> Series 2018 A, RB (Acquired 08/29/2018-12/26/2018; Cost $4,728,645)<sup>(c)(d)</sup> <br>| 6.00% | 04/01/2038 | 4820 | &nbsp;&nbsp; 60251 |
| &nbsp;&nbsp;&nbsp; Hillsborough (County of), FL Industrial Development Authority (Baycare Health System); <br> Series 2024 C, Ref. RB<sup>(g)</sup> <br>| 5.50% | 11/15/2054 | 15000 | &nbsp;&nbsp; 15799166 |
| JEA Water & Sewer System Revenue; Series 2025, RB<sup>(g)</sup> <br>| 5.25% | 10/01/2055 | 11070 | &nbsp;&nbsp; 11479370 |
| Lake (County of), FL (Lakeside at Waterman Village); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 5.50% | 08/15/2030 | 3570 | &nbsp;&nbsp; 3637170 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 5.50% | 08/15/2040 | 4000 | &nbsp;&nbsp; 3847250 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 5.75% | 08/15/2050 | 3000 | &nbsp;&nbsp; 2789980 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 5.75% | 08/15/2055 | 1500 | &nbsp;&nbsp; 1371443 |
| Lee (County of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)</sup> <br>| 5.25% | 10/01/2049 | 11470 | &nbsp;&nbsp; 11608192 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)</sup> <br>| 5.25% | 10/01/2054 | 5000 | &nbsp;&nbsp; 5009808 |
| Manatee (County of), FL; Series 2023, Ref. RB | 4.00% | 10/01/2048 | 5000 | &nbsp;&nbsp; 4489206 |

---

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

**Invesco Municipal Income 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 Beach (City of), FL Health Facilities Authority (Mt. Sinai Medical Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB | 5.00% | 11/15/2039 | $1010 | &nbsp;&nbsp; $1009957 |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB | 5.00% | 11/15/2044 | 1045 | &nbsp;&nbsp; 1029551 |
| Miami-Dade (County of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 B, RB | 4.00% | 10/01/2049 | 15000 | &nbsp;&nbsp; 12833683 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(b)</sup> <br>| 5.00% | 10/01/2049 | 5000 | &nbsp;&nbsp; 4892732 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 10/01/2051 | 5000 | &nbsp;&nbsp; 4300473 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB | 5.25% | 10/01/2054 | 8400 | &nbsp;&nbsp; 8653093 |
| &nbsp;&nbsp;&nbsp; Subseries 2021 A-1, Ref. RB (INS - AGI)<sup>(b)(f)</sup> <br>| 4.00% | 10/01/2045 | 28000 | &nbsp;&nbsp; 25314066 |
| &nbsp;&nbsp;&nbsp; Subseries 2021 A-2, Ref. RB (INS - AGI)<sup>(f)</sup> <br>| 4.00% | 10/01/2049 | 11290 | &nbsp;&nbsp; 9841463 |
| Miami-Dade (County of), FL Expressway Authority; Series 2010 A, RB (INS - AGI)<sup>(f)</sup> <br>| 5.00% | 07/01/2035 | 3350 | &nbsp;&nbsp; 3352252 |
| Miami-Dade (County of), FL Transit System; Series 2020 A, RB | 4.00% | 07/01/2050 | 5000 | &nbsp;&nbsp; 4263664 |
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 4.50% | 10/01/2056 | 2000 | &nbsp;&nbsp; 1815060 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.25% | 10/01/2056 | 5000 | &nbsp;&nbsp; 5025019 |
| Osceola (County of), FL; Series 2020 A-1, Ref. RB | 5.00% | 10/01/2049 | 2080 | &nbsp;&nbsp; 2052410 |
| Reunion East Community Development District; Series 2005, RB<sup>(c)</sup> <br>| 5.80% | 05/01/2036 | 197 | &nbsp;&nbsp; 2 |
| Tallahassee (City of), FL (Tallahassee Memorial Health Care, Inc.); Series 2016, RB | 5.00% | 12/01/2055 | 4500 | &nbsp;&nbsp; 4347467 |
| Tampa (City of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(h)</sup> <br>| 0.00% | 09/01/2040 | 1000 | &nbsp;&nbsp; 470523 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(h)</sup> <br>| 0.00% | 09/01/2041 | 1000 | &nbsp;&nbsp; 440406 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(h)</sup> <br>| 0.00% | 09/01/2042 | 1025 | &nbsp;&nbsp; 421977 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(h)</sup> <br>| 0.00% | 09/01/2045 | 1950 | &nbsp;&nbsp; 662365 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(h)</sup> <br>| 0.00% | 09/01/2049 | 2600 | &nbsp;&nbsp; 698409 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(h)</sup> <br>| 0.00% | 09/01/2053 | 2300 | &nbsp;&nbsp; 485877 |
| Tampa Bay (City of), FL Water; Series 2001 A, Ref. RB<sup>(i)</sup> <br>| 6.00% | 10/01/2029 | 3000 | &nbsp;&nbsp; 3318581 |
| Wildwood (City of), FL Village Community Development Disctrict No. 15; Series 2023, RB<sup>(e)</sup> <br>| 5.25% | 05/01/2054 | 985 | &nbsp;&nbsp; 961876 |
|  |  |  |  | &nbsp;&nbsp; 306009053 |
| **Georgia–2.63%** | **Georgia–2.63%** | **Georgia–2.63%** | **Georgia–2.63%** | **Georgia–2.63%** |
| Atlanta (City of), GA Department of Aviation; Series 2022 B, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2047 | 10215 | &nbsp;&nbsp; 10138463 |
| Atlanta Development Authority (The); Series 2024, Revenue Ctfs.<sup>(e)</sup> <br>| 5.56% | 12/15/2048 | 6000 | &nbsp;&nbsp; 5217084 |
| Georgia (State of) Municipal Electric Authority (Plant Vogtle Units 3 & 4); Series 2019, RB | 5.00% | 01/01/2048 | 10530 | &nbsp;&nbsp; 10277418 |
| &nbsp;&nbsp;&nbsp; Glynn (County of) & Brunswick (City of), GA Memorial Hospital Authority (Southeast Georgia Health <br> System); Series 2017, RAC<br>| 5.00% | 08/01/2047 | 7750 | &nbsp;&nbsp; 7590452 |
| Macon-Bibb (County of), GA Urban Development Authority (Academy for Classical Education, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(e)</sup> <br>| 5.88% | 06/15/2047 | 1680 | &nbsp;&nbsp; 1692658 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(e)</sup> <br>| 6.00% | 06/15/2052 | 1530 | &nbsp;&nbsp; 1540729 |
| Main Street Natural Gas, Inc.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB | 5.00% | 05/15/2043 | 3000 | &nbsp;&nbsp; 3007004 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB<sup>(a)</sup> <br>| 5.00% | 03/01/2030 | 5000 | &nbsp;&nbsp; 5205078 |
| &nbsp;&nbsp;&nbsp; Series 2023 C, RB<sup>(a)</sup> <br>| 5.00% | 09/01/2030 | 6000 | &nbsp;&nbsp; 6271280 |
| &nbsp;&nbsp;&nbsp; Series 2023 E-1, RB<sup>(a)</sup> <br>| 5.00% | 06/01/2031 | 5000 | &nbsp;&nbsp; 5236395 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, RB<sup>(a)</sup> <br>| 5.00% | 03/01/2032 | 7565 | &nbsp;&nbsp; 7970455 |
| Metropolitan Atlanta Rapid Transit Authority (Green Bonds); Series 2025 A, RB | 5.25% | 07/01/2050 | 8720 | &nbsp;&nbsp; 9210300 |
| Rockdale (County of), GA Development Authority (Pratt Paper (GA), LLC); Series 2018, Ref. RB<sup>(b)(e)</sup> <br>| 4.00% | 01/01/2038 | 7210 | &nbsp;&nbsp; 6646890 |
|  |  |  |  | &nbsp;&nbsp; 80004206 |
| **Guam–0.06%** | **Guam–0.06%** | **Guam–0.06%** | **Guam–0.06%** | **Guam–0.06%** |
| Guam (Territory of) Waterworks Authority; Series 2020 A, RB | 5.00% | 01/01/2050 | 2000 | &nbsp;&nbsp; 1915436 |
| **Hawaii–0.33%** | **Hawaii–0.33%** | **Hawaii–0.33%** | **Hawaii–0.33%** | **Hawaii–0.33%** |
| Hawaii (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB<sup>(a)(b)(i)</sup> <br>| 5.00% | 07/01/2025 | 5030 | &nbsp;&nbsp; 5036871 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(b)</sup> <br>| 5.25% | 07/01/2051 | 5000 | &nbsp;&nbsp; 5067831 |
|  |  |  |  | &nbsp;&nbsp; 10104702 |
| **Idaho–0.18%** | **Idaho–0.18%** | **Idaho–0.18%** | **Idaho–0.18%** | **Idaho–0.18%** |
| Idaho (State of) Health Facilities Authority (St. Luke's Health ystem); Series 2025, Ref. RB | 5.25% | 03/01/2050 | 5265 | &nbsp;&nbsp; 5367683 |

---

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

**Invesco Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Illinois–5.97%** | **Illinois–5.97%** | **Illinois–5.97%** | **Illinois–5.97%** | **Illinois–5.97%** |
| Chicago (City of), IL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. GO Bonds | 6.00% | 01/01/2038 | $8500 | &nbsp;&nbsp; $8652355 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, GO Bonds | 5.00% | 01/01/2044 | 5765 | &nbsp;&nbsp; 5462314 |
| Chicago (City of), IL (83rd/Stewart Redevelopment); Series 2013, COP<sup>(e)</sup> <br>| 7.00% | 01/15/2029 | 1575 | &nbsp;&nbsp; 1575885 |
| Chicago (City of), IL (Cottage View Terrace Apartments); Series 2000 A, RB (CEP - GNMA)<sup>(b)</sup> <br>| 6.13% | 02/20/2042 | 1120 | &nbsp;&nbsp; 1120150 |
| Chicago (City of), IL (Diversey/Narragansett); Series 2006, COP<sup>(m)</sup> <br>| 7.46% | 02/15/2026 | 210 | &nbsp;&nbsp; 147193 |
| Chicago (City of), IL (O'Hare International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 C, Ref. RB | 5.00% | 01/01/2037 | 2500 | &nbsp;&nbsp; 2509949 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(b)(g)(k)</sup> <br>| 5.25% | 01/01/2053 | 15000 | &nbsp;&nbsp; 14955138 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(b)</sup> <br>| 5.00% | 01/01/2048 | 5000 | &nbsp;&nbsp; 4919286 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB<sup>(b)</sup> <br>| 5.50% | 01/01/2059 | 10750 | &nbsp;&nbsp; 11080428 |
| Chicago (City of), IL Board of Education; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 G, Ref. GO Bonds | 5.00% | 12/01/2034 | 5000 | &nbsp;&nbsp; 4970983 |
| &nbsp;&nbsp;&nbsp; Series 2018 D, GO Bonds | 5.00% | 12/01/2046 | 3000 | &nbsp;&nbsp; 2731847 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, GO Bonds | 6.00% | 12/01/2049 | 6500 | &nbsp;&nbsp; 6791051 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.75% | 04/01/2048 | 5000 | &nbsp;&nbsp; 5211504 |
| Chicago (City of), IL Metropolitan Water Reclamation District; Series 2007 B, Ref. GO Bonds | 5.25% | 12/01/2034 | 5000 | &nbsp;&nbsp; 5770543 |
| Chicago (City of), IL Transit Authority; Series 2024 A, Ref. RB | 5.00% | 12/01/2049 | 5000 | &nbsp;&nbsp; 4989326 |
| Gilberts (Village of), IL Special Service Area No. 24 (The Conservancy); Subseries 2014 A, RB | 5.38% | 03/01/2034 | 461 | &nbsp;&nbsp; 428614 |
| Illinois (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 C, GO Bonds | 5.00% | 11/01/2029 | 5000 | &nbsp;&nbsp; 5159430 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, GO Bonds | 6.00% | 05/01/2028 | 10235 | &nbsp;&nbsp; 10930818 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, GO Bonds | 5.00% | 05/01/2030 | 2775 | &nbsp;&nbsp; 2878713 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 4.00% | 10/01/2034 | 2900 | &nbsp;&nbsp; 2842223 |
| &nbsp;&nbsp;&nbsp; Series 2020, GO Bonds | 5.50% | 05/01/2039 | 6250 | &nbsp;&nbsp; 6543004 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds | 5.25% | 05/01/2045 | 4000 | &nbsp;&nbsp; 4082312 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, GO Bonds | 4.00% | 10/01/2048 | 8750 | &nbsp;&nbsp; 7292000 |
| Illinois (State of) (Rebuild Illinois Program); Series 2019 B, GO Bonds | 4.00% | 11/01/2035 | 4450 | &nbsp;&nbsp; 4330458 |
| Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.); Series 2002, RB<sup>(b)</sup> <br>| 8.00% | 06/01/2032 | 1270 | &nbsp;&nbsp; 1271317 |
| Illinois (State of) Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 C, Ref. RB<sup>(i)</sup> <br>| 5.00% | 02/15/2041 | 10000 | &nbsp;&nbsp; 10064804 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(e)</sup> <br>| 5.88% | 09/01/2046 | 2500 | &nbsp;&nbsp; 2436372 |
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB (Acquired 11/27/2019; Cost $3,574,773)<sup>(d)</sup> <br>| 5.00% | 11/01/2035 | 3430 | &nbsp;&nbsp; 2298100 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB (Acquired 11/27/2019; Cost $2,331,242)<sup>(d)</sup> <br>| 5.00% | 11/01/2040 | 2245 | &nbsp;&nbsp; 1504150 |
| Illinois (State of) Finance Authority (Park Place of Elmhurst); Series 2016, RB | 5.13% | 05/15/2060 | 772 | &nbsp;&nbsp; 554594 |
| Illinois (State of) Finance Authority (Rosalind Franklin University); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.00% | 08/01/2049 | 2450 | &nbsp;&nbsp; 2310468 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 08/01/2047 | 1025 | &nbsp;&nbsp; 980421 |
| Illinois (State of) Finance Authority (Rush University Medical Center); Series 2015 A, Ref. RB | 5.00% | 11/15/2038 | 6750 | &nbsp;&nbsp; 6682605 |
| Illinois (State of) Finance Authority (The University of Chicago); Series 2015 A, RB | 5.00% | 10/01/2040 | 10000 | &nbsp;&nbsp; 10033253 |
| &nbsp;&nbsp;&nbsp; Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion); <br> Series 2020, Ref. RB<br>| 4.00% | 06/15/2050 | 6645 | &nbsp;&nbsp; 5455015 |
| Illinois (State of) Sports Facilities Authority (The); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB (INS - AGI)<sup>(f)</sup> <br>| 5.25% | 06/15/2031 | 2630 | &nbsp;&nbsp; 2634281 |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB (INS - AGI)<sup>(f)</sup> <br>| 5.25% | 06/15/2032 | 2395 | &nbsp;&nbsp; 2398726 |
| Marion (City of), IL (Star Bond District Area No. 1); Series 2025, RB | 6.63% | 06/01/2055 | 2500 | &nbsp;&nbsp; 2471613 |
| Plano (City of), IL Special Service Area No. 10 (Lakewood Springs Club); Series 2007, RB<sup>(c)</sup> <br>| 5.80% | 03/01/2037 | 1500 | &nbsp;&nbsp; 165000 |
| Sales Tax Securitization Corp.; Series 2018 C, Ref. RB | 5.25% | 01/01/2043 | 5000 | &nbsp;&nbsp; 5080641 |
|  |  |  |  | &nbsp;&nbsp; 181716884 |
| **Indiana–0.35%** | **Indiana–0.35%** | **Indiana–0.35%** | **Indiana–0.35%** | **Indiana–0.35%** |
| Indiana (State of) Finance Authority (Good Samaritan Hospital); Series 2016 A, RB | 5.50% | 04/01/2041 | 4555 | &nbsp;&nbsp; 4557121 |
| Northern Indiana Commuter Transportation District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.00% | 07/01/2035 | 1700 | &nbsp;&nbsp; 1724186 |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.00% | 07/01/2041 | 1500 | &nbsp;&nbsp; 1515146 |
| Valparaiso (City of), IN (Pratt Paper, LLC); Series 2024, Ref. RB<sup>(b)(e)</sup> <br>| 4.88% | 01/01/2044 | 3000 | &nbsp;&nbsp; 2846034 |
|  |  |  |  | &nbsp;&nbsp; 10642487 |

---

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

**Invesco Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Iowa–0.58%** | **Iowa–0.58%** | **Iowa–0.58%** | **Iowa–0.58%** | **Iowa–0.58%** |
| Iowa (State of) Finance Authority (Alcoa, Inc.); Series 2012, RB | 4.75% | 08/01/2042 | $5000 | &nbsp;&nbsp; $4781126 |
| Iowa (State of) Finance Authority (Iowa Fertilizer Co.); Series 2022, Ref. RB<sup>(a)(i)</sup> <br>| 5.00% | 12/01/2032 | 10215 | &nbsp;&nbsp; 11490152 |
| Iowa (State of) Tobacco Settlement Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A-2, Ref. RB | 4.00% | 06/01/2036 | 1000 | &nbsp;&nbsp; 974755 |
| &nbsp;&nbsp;&nbsp; Series 2021 B-1, Ref. RB | 4.00% | 06/01/2049 | 310 | &nbsp;&nbsp; 310000 |
|  |  |  |  | &nbsp;&nbsp; 17556033 |
| **Kansas–0.09%** | **Kansas–0.09%** | **Kansas–0.09%** | **Kansas–0.09%** | **Kansas–0.09%** |
| Wichita (City of), KS (Presbyterian Manors, Inc.); Series 2024 VIII, Ref. RB | 5.75% | 05/15/2045 | 1500 | &nbsp;&nbsp; 1436086 |
| Wyandotte (County of) & Kansas City (City of), KS Unified Government; Series 2014 A, Ref. RB | 5.00% | 09/01/2044 | 1180 | &nbsp;&nbsp; 1159663 |
|  |  |  |  | &nbsp;&nbsp; 2595749 |
| **Kentucky–2.13%** | **Kentucky–2.13%** | **Kentucky–2.13%** | **Kentucky–2.13%** | **Kentucky–2.13%** |
| Ashland (City of), KY (King's Daughters Medical Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 4.00% | 02/01/2035 | 465 | &nbsp;&nbsp; 439339 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 4.00% | 02/01/2036 | 380 | &nbsp;&nbsp; 354642 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 4.00% | 02/01/2037 | 375 | &nbsp;&nbsp; 346986 |
| Christian (County of), KY (Jennie Stuart Medical Center, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.38% | 02/01/2036 | 3000 | &nbsp;&nbsp; 3012722 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.50% | 02/01/2044 | 5000 | &nbsp;&nbsp; 4999904 |
| Kenton (County of), KY Airport Board; Series 2024 A, GO Bonds<sup>(b)</sup> <br>| 5.25% | 01/01/2054 | 10000 | &nbsp;&nbsp; 10094350 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Economic Development Finance Authority (Baptist Healthcare <br> System); Series 2017 B, RB<br>| 5.00% | 08/15/2046 | 5000 | &nbsp;&nbsp; 4925397 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky <br> Information Highway);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 5.00% | 07/01/2037 | 1700 | &nbsp;&nbsp; 1700624 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 5.00% | 07/01/2040 | 11135 | &nbsp;&nbsp; 11135639 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 5.00% | 01/01/2045 | 4175 | &nbsp;&nbsp; 4173827 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health, Inc.); <br> Series 2017 A, Ref. RB<br>| 5.00% | 06/01/2045 | 8950 | &nbsp;&nbsp; 8648490 |
| Kentucky (Commonwealth of) Public Energy Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(a)</sup> <br>| 4.00% | 06/01/2026 | 6000 | &nbsp;&nbsp; 6015716 |
| &nbsp;&nbsp;&nbsp; Series 2023 A-1, Ref. RB<sup>(a)</sup> <br>| 5.25% | 02/01/2032 | 5000 | &nbsp;&nbsp; 5292760 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB<sup>(a)</sup> <br>| 5.00% | 07/01/2030 | 3575 | &nbsp;&nbsp; 3707965 |
|  |  |  |  | &nbsp;&nbsp; 64848361 |
| **Louisiana–1.48%** | **Louisiana–1.48%** | **Louisiana–1.48%** | **Louisiana–1.48%** | **Louisiana–1.48%** |
| Jefferson (Parish of), LA Sales Tax District; Series 2019 B, RB (INS - AGI)<sup>(f)</sup> <br>| 4.00% | 12/01/2038 | 6000 | &nbsp;&nbsp; 5830470 |
| Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge); Series 2024, RB<sup>(b)</sup> <br>| 5.75% | 09/01/2064 | 21500 | &nbsp;&nbsp; 22192672 |
| Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation); Series 2002 B, RB<sup>(a)(i)</sup> <br>| 5.50% | 05/15/2026 | 1010 | &nbsp;&nbsp; 1034111 |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Public Facilities Authority (Provident Group-Flagship Properties LLC- Louisiana <br> State University Nicholson Gateway); Series 2016, RB<br>| 5.00% | 07/01/2051 | 12400 | &nbsp;&nbsp; 11951869 |
| St. John the Baptist (Parish of), LA (Marathon Oil Corp.); Subseries 2017 A-3, Ref. RB<sup>(a)</sup> <br>| 2.20% | 07/01/2026 | 4000 | &nbsp;&nbsp; 3923260 |
|  |  |  |  | &nbsp;&nbsp; 44932382 |
| **Maryland–1.32%** | **Maryland–1.32%** | **Maryland–1.32%** | **Maryland–1.32%** | **Maryland–1.32%** |
| Baltimore (City of), MD (Convention Center Hotel); Series 2017, Ref. RB | 5.00% | 09/01/2039 | 7100 | &nbsp;&nbsp; 6899683 |
| Baltimore (City of), MD (East Baltimore Research Park); Series 2017, Ref. RB | 5.00% | 09/01/2038 | 1650 | &nbsp;&nbsp; 1650117 |
| Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(e)</sup> <br>| 5.13% | 07/01/2037 | 1265 | &nbsp;&nbsp; 1229518 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(e)</sup> <br>| 5.25% | 07/01/2047 | 4295 | &nbsp;&nbsp; 3988362 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(e)</sup> <br>| 5.38% | 07/01/2052 | 1530 | &nbsp;&nbsp; 1402752 |
| &nbsp;&nbsp;&nbsp; Maryland (State of) Health & Higher Educational Facilities Authority (MedStar Health); Series 2017 <br> A, RB<br>| 5.00% | 05/15/2042 | 5000 | &nbsp;&nbsp; 4933972 |
| Maryland Economic Development Corp. (Purple Line) (Green Bonds); Series 2022 B, RB<sup>(b)</sup> <br>| 5.25% | 06/30/2055 | 11500 | &nbsp;&nbsp; 11255387 |
| Prince George's (County of), MD (Collington Episcopal Life Care Community, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.25% | 04/01/2037 | 2000 | &nbsp;&nbsp; 1943290 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.25% | 04/01/2047 | 4035 | &nbsp;&nbsp; 3488427 |
| Rockville (City of), MD (Ingleside at King Farm); Series 2017 B, RB | 5.00% | 11/01/2042 | 3500 | &nbsp;&nbsp; 3229166 |
|  |  |  |  | &nbsp;&nbsp; 40020674 |

---

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

**Invesco Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Massachusetts–1.63%** | **Massachusetts–1.63%** | **Massachusetts–1.63%** | **Massachusetts–1.63%** | **Massachusetts–1.63%** |
| Massachusetts (Commonwealth of) Bay Transportation Authority; Series 2024 A, Ref. RB | 5.25% | 07/01/2052 | $10000 | &nbsp;&nbsp; $10463546 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Brown University); Series 2025, <br> RB<br>| 5.50% | 08/15/2050 | 1500 | &nbsp;&nbsp; 1542350 |
| Massachusetts (Commonwealth of) Development Finance Agency (Caregroup); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 I, Ref. RB | 5.00% | 07/01/2036 | 3000 | &nbsp;&nbsp; 3014721 |
| &nbsp;&nbsp;&nbsp; Series 2018 J-2, RB | 5.00% | 07/01/2043 | 4100 | &nbsp;&nbsp; 4099257 |
| &nbsp;&nbsp;&nbsp; Series 2018 J-2, RB | 5.00% | 07/01/2053 | 10000 | &nbsp;&nbsp; 9703950 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Dana-Farber Cancer Institute); <br> Series 2016, RB<br>| 5.00% | 12/01/2041 | 2000 | &nbsp;&nbsp; 2006359 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (International Charter School); <br> Series 2015, Ref. RB<br>| 5.00% | 04/15/2040 | 2000 | &nbsp;&nbsp; 1897988 |
| Massachusetts (Commonwealth of) Port Authority; Series 2019 A, Ref. RB<sup>(b)</sup> <br>| 5.00% | 07/01/2040 | 1000 | &nbsp;&nbsp; 1014831 |
| Massachusetts (Commonwealth of) Port Authority (Bosfuel); Series 2019 A, Ref. RB<sup>(b)</sup> <br>| 4.00% | 07/01/2044 | 7500 | &nbsp;&nbsp; 6711927 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Transportation Fund (Rail Enhancement Program); Series 2021 <br> A, RB<sup>(g)</sup> <br>| 4.00% | 06/01/2050 | 10000 | &nbsp;&nbsp; 9045329 |
|  |  |  |  | &nbsp;&nbsp; 49500258 |
| **Michigan–0.59%** | **Michigan–0.59%** | **Michigan–0.59%** | **Michigan–0.59%** | **Michigan–0.59%** |
| Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 05/15/2037 | 1230 | &nbsp;&nbsp; 1209845 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 05/15/2042 | 1310 | &nbsp;&nbsp; 1222188 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 5.00% | 05/15/2055 | 2520 | &nbsp;&nbsp; 2133657 |
| Michigan (State of) Building Authority (Facilities Program); Series 2021 I, RB | 4.00% | 10/15/2046 | 7000 | &nbsp;&nbsp; 6261849 |
| Oakland University Board of Trustees; Series 2016, RB | 5.00% | 03/01/2047 | 7500 | &nbsp;&nbsp; 7072549 |
|  |  |  |  | &nbsp;&nbsp; 17900088 |
| **Minnesota–0.23%** | **Minnesota–0.23%** | **Minnesota–0.23%** | **Minnesota–0.23%** | **Minnesota–0.23%** |
| St. Cloud (City of), MN (CentraCare Health System); Series 2024, Ref. RB | 5.00% | 05/01/2054 | 5170 | &nbsp;&nbsp; 5067518 |
| &nbsp;&nbsp;&nbsp; St. Paul (City of), MN Housing & Redevelopment Authority (Hmong College Prep Academy); <br> Series 2016, Ref. RB<br>| 5.75% | 09/01/2046 | 2000 | &nbsp;&nbsp; 2004818 |
|  |  |  |  | &nbsp;&nbsp; 7072336 |
| **Missouri–2.00%** | **Missouri–2.00%** | **Missouri–2.00%** | **Missouri–2.00%** | **Missouri–2.00%** |
| Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 B, RB (INS - AGI)<sup>(b)(f)</sup> <br>| 5.00% | 03/01/2049 | 11975 | &nbsp;&nbsp; 11834277 |
| &nbsp;&nbsp;&nbsp; Series 2019 B, RB<sup>(b)</sup> <br>| 5.00% | 03/01/2054 | 10265 | &nbsp;&nbsp; 10061474 |
| &nbsp;&nbsp;&nbsp; Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community <br> Improvement District); Series 2016 A, Ref. RB<sup>(e)</sup> <br>| 5.00% | 04/01/2046 | 1150 | &nbsp;&nbsp; 989602 |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.25% | 05/15/2042 | 1675 | &nbsp;&nbsp; 1500062 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.25% | 05/15/2050 | 2900 | &nbsp;&nbsp; 2409040 |
| Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 B, Ref. RB | 5.00% | 02/01/2046 | 4035 | &nbsp;&nbsp; 3748998 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB | 5.00% | 02/01/2042 | 3105 | &nbsp;&nbsp; 3081960 |
| &nbsp;&nbsp;&nbsp; Missouri (State of) Health & Educational Facilities Authority (Medical Research Lutheran Services); <br> Series 2016 A, RB<br>| 5.00% | 02/01/2036 | 3200 | &nbsp;&nbsp; 3202997 |
| &nbsp;&nbsp;&nbsp; Missouri (State of) Health & Educational Facilities Authority (Mercy Health); Series 2017 C, Ref. <br> RB<sup>(g)</sup> <br>| 5.00% | 11/15/2047 | 15540 | &nbsp;&nbsp; 15347184 |
| &nbsp;&nbsp;&nbsp; St. Louis (County of), MO Industrial Development Authority (Friendship Village of Sunset Hills); <br> Series 2013 A, RB<br>| 5.88% | 09/01/2043 | 1750 | &nbsp;&nbsp; 1749948 |
| &nbsp;&nbsp;&nbsp; St. Louis (County of), MO Industrial Development Authority (Friendship Village West County); <br> Series 2018 A, RB<br>| 5.13% | 09/01/2048 | 7500 | &nbsp;&nbsp; 7041941 |
|  |  |  |  | &nbsp;&nbsp; 60967483 |
| **Nebraska–0.95%** | **Nebraska–0.95%** | **Nebraska–0.95%** | **Nebraska–0.95%** | **Nebraska–0.95%** |
| Central Plains Energy Project (No. 3); Series 2017 A, Ref. RB | 5.00% | 09/01/2035 | 8140 | &nbsp;&nbsp; 8626783 |
| Omaha (City of), Airport Authority; Series 2024, RB (INS - AGI)<sup>(b)(f)</sup> <br>| 5.25% | 12/15/2054 | 11480 | &nbsp;&nbsp; 11615311 |
| Omaha (City of), NE Public Power District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 02/01/2051 | 5000 | &nbsp;&nbsp; 4354590 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB (INS - AGI)<sup>(f)</sup> <br>| 4.00% | 02/01/2051 | 5000 | &nbsp;&nbsp; 4391554 |
|  |  |  |  | &nbsp;&nbsp; 28988238 |

---

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

**Invesco Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Nevada–0.15%** | **Nevada–0.15%** | **Nevada–0.15%** | **Nevada–0.15%** | **Nevada–0.15%** |
| Clark County School District; Series 2025 A, GO Bonds (INS - AGI)<sup>(f)</sup> <br>| 3.00% | 06/15/2044 | $2500 | &nbsp;&nbsp; $1946988 |
| &nbsp;&nbsp;&nbsp; Nevada (State of) Department of Business & Industry (Doral Academy of Nevada); Series 2017 A, <br> RB<br>| 5.00% | 07/15/2047 | 2900 | &nbsp;&nbsp; 2594021 |
|  |  |  |  | &nbsp;&nbsp; 4541009 |
| **New Hampshire–0.85%** | **New Hampshire–0.85%** | **New Hampshire–0.85%** | **New Hampshire–0.85%** | **New Hampshire–0.85%** |
| New Hampshire (State of) Business Finance Authority; Series 2020-1A, RB | 4.13% | 01/20/2034 | 4583 | &nbsp;&nbsp; 4503528 |
| &nbsp;&nbsp;&nbsp; New Hampshire (State of) Business Finance Authority (Covanta Green Bonds); Series 2020 B, Ref. <br> RB<sup>(a)(b)(e)</sup> <br>| 3.75% | 07/02/2040 | 1205 | &nbsp;&nbsp; 984277 |
| New Hampshire (State of) Business Finance Authority (Covanta); Series 2020 A, Ref. RB<sup>(a)(e)</sup> <br>| 3.63% | 07/02/2040 | 740 | &nbsp;&nbsp; 595100 |
| New Hampshire (State of) Business Finance Authority (Social Bonds); Series 2022-2A, RB | 4.00% | 10/20/2036 | 6476 | &nbsp;&nbsp; 6095689 |
| New Hampshire (State of) Business Finance Authority (Social Certificates); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, RB<sup>(a)</sup> <br>| 4.15% | 10/01/2034 | 2000 | &nbsp;&nbsp; 1855900 |
| &nbsp;&nbsp;&nbsp; Series 2024-3, Revenue Ctfs. | 4.16% | 10/20/2041 | 4975 | &nbsp;&nbsp; 4388278 |
| New Hampshire (State of) Business Finance Authority (Thomas Ranch); Series 2024, RB<sup>(e)(h)</sup> <br>| 0.00% | 12/01/2034 | 10235 | &nbsp;&nbsp; 5424602 |
| &nbsp;&nbsp;&nbsp; New Hampshire (State of) Housing Finance Authority (University Hospitals Home Care Services, <br> Inc.); Series 2024, RB<sup>(e)</sup> <br>| 5.63% | 12/15/2033 | 2100 | &nbsp;&nbsp; 2127223 |
|  |  |  |  | &nbsp;&nbsp; 25974597 |
| **New Jersey–4.13%** | **New Jersey–4.13%** | **New Jersey–4.13%** | **New Jersey–4.13%** | **New Jersey–4.13%** |
| Garden State Preservation Trust; Series 2005 A, RB (INS - AGI)<sup>(f)</sup> <br>| 5.75% | 11/01/2028 | 4935 | &nbsp;&nbsp; 5179515 |
| Hudson County Improvement Authority (Hudson County Courthouse); Series 2020, RB | 4.00% | 10/01/2046 | 10000 | &nbsp;&nbsp; 9149538 |
| New Jersey (State of); Series 2020 A, GO Bonds | 4.00% | 06/01/2032 | 9120 | &nbsp;&nbsp; 9595958 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement); <br> Series 2013, RB<sup>(b)</sup> <br>| 5.38% | 01/01/2043 | 1500 | &nbsp;&nbsp; 1500395 |
| New Jersey (State of) Educational Facilities Authority (Princeton University); Series 2024, RB | 5.25% | 03/01/2054 | 13225 | &nbsp;&nbsp; 13780065 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Health Care Facilities Financing Authority (RWJ Barnabas Health Obligated <br> Group); Series 2024, RB<br>| 5.25% | 07/01/2054 | 5000 | &nbsp;&nbsp; 5189093 |
| New Jersey (State of) Transportation Trust Fund Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006 C, RB (INS - AGI)<sup>(f)(h)</sup> <br>| 0.00% | 12/15/2026 | 10000 | &nbsp;&nbsp; 9519012 |
| &nbsp;&nbsp;&nbsp; Series 2006 C, RB (INS - NATL)<sup>(f)(h)</sup> <br>| 0.00% | 12/15/2031 | 7410 | &nbsp;&nbsp; 5843525 |
| &nbsp;&nbsp;&nbsp; Series 2014, RN | 5.00% | 06/15/2032 | 3000 | &nbsp;&nbsp; 3136526 |
| &nbsp;&nbsp;&nbsp; Series 2019 BB, RB | 5.00% | 06/15/2044 | 5000 | &nbsp;&nbsp; 4988144 |
| &nbsp;&nbsp;&nbsp; Series 2019 BB, RB | 4.00% | 06/15/2050 | 6930 | &nbsp;&nbsp; 5850614 |
| &nbsp;&nbsp;&nbsp; Series 2020 AA, RB | 4.00% | 06/15/2050 | 10000 | &nbsp;&nbsp; 8442444 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(a)(i)</sup> <br>| 5.50% | 12/15/2032 | 5000 | &nbsp;&nbsp; 5826558 |
| New Jersey (State of) Turnpike Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 01/01/2042 | 2750 | &nbsp;&nbsp; 2537126 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, RB | 5.25% | 01/01/2052 | 12000 | &nbsp;&nbsp; 12367444 |
| Tender Option Bond Trust Receipts/Certificates; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(g)</sup> <br>| 5.00% | 08/15/2053 | 10000 | &nbsp;&nbsp; 10240655 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(e)</sup> <br>| 13.63% | 01/01/2055 | 2010 | &nbsp;&nbsp; 2286676 |
| Tobacco Settlement Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 06/01/2046 | 5000 | &nbsp;&nbsp; 4937274 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.25% | 06/01/2046 | 5350 | &nbsp;&nbsp; 5372036 |
|  |  |  |  | &nbsp;&nbsp; 125742598 |
| **New York–12.12%** | **New York–12.12%** | **New York–12.12%** | **New York–12.12%** | **New York–12.12%** |
| Brooklyn Arena Local Development Corp. (Barclays Center); Series 2009, RB<sup>(h)</sup> <br>| 0.00% | 07/15/2035 | 5000 | &nbsp;&nbsp; 3215649 |
| Erie Tobacco Asset Securitization Corp.; Series 2005 A, RB | 5.00% | 06/01/2045 | 5850 | &nbsp;&nbsp; 5112298 |
| Hudson Yards Infrastructure Corp.; Series 2017 A, Ref. RB | 4.00% | 02/15/2044 | 5000 | &nbsp;&nbsp; 4505618 |
| Metropolitan Transportation Authority (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A-1, RB | 5.25% | 11/15/2057 | 2280 | &nbsp;&nbsp; 2293221 |
| &nbsp;&nbsp;&nbsp; Series 2020 C-1, RB | 5.00% | 11/15/2050 | 4000 | &nbsp;&nbsp; 3971487 |
| &nbsp;&nbsp;&nbsp; Series 2020 D-3, RB | 4.00% | 11/15/2050 | 10000 | &nbsp;&nbsp; 8345384 |
| &nbsp;&nbsp;&nbsp; Series 2020 E, Ref. RB | 4.00% | 11/15/2045 | 5000 | &nbsp;&nbsp; 4309170 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 5.25% | 11/15/2049 | 9520 | &nbsp;&nbsp; 9762213 |
| Monroe County Industrial Development Corp. (St. Ann's Community); Series 2019, Ref. RB | 5.00% | 01/01/2050 | 2015 | &nbsp;&nbsp; 1665718 |

---

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

**Invesco Municipal Income 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 & New Jersey (States of) Port Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ninety-Third Series 1994, RB | 6.13% | 06/01/2094 | $5250 | &nbsp;&nbsp; $5256931 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(b)</sup> <br>| 5.00% | 11/01/2049 | 6500 | &nbsp;&nbsp; 6453167 |
| New York (City of), NY; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 E-1, GO Bonds | 5.00% | 03/01/2041 | 2695 | &nbsp;&nbsp; 2731941 |
| &nbsp;&nbsp;&nbsp; Series 2021 F-1, GO Bonds | 5.00% | 03/01/2050 | 10000 | &nbsp;&nbsp; 10083748 |
| &nbsp;&nbsp;&nbsp; Series 2022 A-1, GO Bonds | 5.25% | 09/01/2043 | 7500 | &nbsp;&nbsp; 7837654 |
| &nbsp;&nbsp;&nbsp; Subseries 2019 A-1, GO Bonds | 4.00% | 08/01/2042 | 11930 | &nbsp;&nbsp; 10843336 |
| New York (City of), NY Municipal Water Finance Authority; Series 2024 AA, RB | 5.25% | 06/15/2053 | 5000 | &nbsp;&nbsp; 5205261 |
| New York (City of), NY Transitional Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 4.00% | 11/01/2042 | 10000 | &nbsp;&nbsp; 9255199 |
| &nbsp;&nbsp;&nbsp; Series 2022 C-1, RB | 4.00% | 02/01/2051 | 6000 | &nbsp;&nbsp; 5193331 |
| &nbsp;&nbsp;&nbsp; Series 2023 F-1, RB | 5.00% | 02/01/2042 | 5000 | &nbsp;&nbsp; 5196659 |
| New York (State of) Dormitory Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(a)(i)</sup> <br>| 4.00% | 03/15/2032 | 630 | &nbsp;&nbsp; 660769 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 03/15/2040 | 10225 | &nbsp;&nbsp; 9587552 |
| &nbsp;&nbsp;&nbsp; Series 2025 B, Ref. RB | 5.00% | 03/15/2052 | 7000 | &nbsp;&nbsp; 7130443 |
| New York (State of) Dormitory Authority (White Plains Hospital Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.25% | 10/01/2049 | 500 | &nbsp;&nbsp; 500868 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB (INS - AGI)<sup>(f)</sup> <br>| 5.50% | 10/01/2054 | 1000 | &nbsp;&nbsp; 1045028 |
| New York (State of) Thruway Authority; Series 2019 B, RB | 4.00% | 01/01/2050 | 10000 | &nbsp;&nbsp; 8620531 |
| New York City Housing Development Corp. (Green Bonds); Series 2023, RB | 4.80% | 02/01/2053 | 10000 | &nbsp;&nbsp; 9824217 |
| New York Counties Tobacco Trust VI; Series 2016 A-1, Ref. RB | 5.75% | 06/01/2043 | 10000 | &nbsp;&nbsp; 9684379 |
| New York Liberty Development Corp. (3 World Trade Center); Series 2014-1, Ref. RB<sup>(e)</sup> <br>| 5.00% | 11/15/2044 | 10905 | &nbsp;&nbsp; 10606871 |
| New York State Urban Development Corp.; Series 2020 A, RB | 4.00% | 03/15/2049 | 10045 | &nbsp;&nbsp; 8709870 |
| New York State Urban Development Corp. (Bidding Group 3); Series 2021 A, Ref. RB | 4.00% | 03/15/2045 | 10000 | &nbsp;&nbsp; 8917004 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy <br> International Airport); Series 2016, Ref. RB<sup>(b)</sup> <br>| 5.00% | 08/01/2026 | 9015 | &nbsp;&nbsp; 9014919 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D <br> Redevelopment);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(b)</sup> <br>| 5.00% | 01/01/2034 | 6970 | &nbsp;&nbsp; 7012403 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(b)</sup> <br>| 5.00% | 01/01/2036 | 1235 | &nbsp;&nbsp; 1234941 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB<sup>(b)</sup> <br>| 4.38% | 10/01/2045 | 4165 | &nbsp;&nbsp; 3693537 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal <br> One) (Green Bonds);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(b)</sup> <br>| 6.00% | 06/30/2054 | 20000 | &nbsp;&nbsp; 20980550 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(b)</sup> <br>| 5.38% | 06/30/2060 | 8215 | &nbsp;&nbsp; 8178081 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)</sup> <br>| 5.50% | 06/30/2054 | 6000 | &nbsp;&nbsp; 6053368 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)</sup> <br>| 5.50% | 06/30/2060 | 10000 | &nbsp;&nbsp; 10016687 |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(b)</sup> <br>| 5.25% | 01/01/2050 | 14815 | &nbsp;&nbsp; 14435413 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(b)</sup> <br>| 6.00% | 04/01/2035 | 10000 | &nbsp;&nbsp; 10862437 |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 5.00% | 12/01/2038 | 2000 | &nbsp;&nbsp; 2067622 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(b)</sup> <br>| 5.00% | 12/01/2036 | 1275 | &nbsp;&nbsp; 1312521 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(b)</sup> <br>| 5.00% | 12/01/2037 | 2700 | &nbsp;&nbsp; 2756324 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(b)</sup> <br>| 5.00% | 12/01/2038 | 7875 | &nbsp;&nbsp; 8001560 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(b)(f)(l)</sup> <br>| 5.00% | 12/31/2054 | 1500 | &nbsp;&nbsp; 921946 |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(b)(f)</sup> <br>| 5.25% | 12/31/2054 | 9305 | &nbsp;&nbsp; 9337845 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(b)</sup> <br>| 5.50% | 12/31/2060 | 10000 | &nbsp;&nbsp; 10048731 |
| Onondaga Civic Development Corp.; Series 2025, RB | 5.50% | 12/01/2056 | 5000 | &nbsp;&nbsp; 5306577 |
| Rockland Tobacco Asset Securitization Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2001, RB | 5.63% | 08/15/2035 | 280 | &nbsp;&nbsp; 283517 |
| &nbsp;&nbsp;&nbsp; Series 2005 A, RB<sup>(e)(h)</sup> <br>| 0.00% | 08/15/2045 | 53370 | &nbsp;&nbsp; 15883168 |
| Suffolk Regional Off-Track Betting Corp.; Series 2024, RB | 6.00% | 12/01/2053 | 5170 | &nbsp;&nbsp; 5286462 |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 C-1A, RB | 5.00% | 05/15/2051 | 4115 | &nbsp;&nbsp; 4159113 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB | 5.25% | 05/15/2057 | 5000 | &nbsp;&nbsp; 5103839 |

---

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

**Invesco Municipal Income 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)** |
| Triborough Bridge & Tunnel Authority (TBTA Capital Lockbox Fund); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.25% | 12/01/2054 | $1500 | &nbsp;&nbsp; $1553971 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - AGI)<sup>(f)</sup> <br>| 4.50% | 12/01/2056 | 1500 | &nbsp;&nbsp; 1380902 |
| TSASC, Inc.; Series 2016 B, Ref. RB | 5.00% | 06/01/2045 | 19905 | &nbsp;&nbsp; 17562410 |
|  |  |  |  | &nbsp;&nbsp; 368974361 |
| **North Carolina–0.29%** | **North Carolina–0.29%** | **North Carolina–0.29%** | **North Carolina–0.29%** | **North Carolina–0.29%** |
| North Carolina (State of) Medical Care Commission (Pennybyrn at Maryfield); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 10/01/2035 | 1855 | &nbsp;&nbsp; 1800276 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 5.00% | 10/01/2040 | 1050 | &nbsp;&nbsp; 1000367 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 5.00% | 10/01/2045 | 1000 | &nbsp;&nbsp; 915921 |
| North Carolina (State of) Turnpike Authority; Series 2018, Ref. RB (INS - AGI)<sup>(f)</sup> <br>| 5.00% | 01/01/2038 | 5000 | &nbsp;&nbsp; 5160093 |
|  |  |  |  | &nbsp;&nbsp; 8876657 |
| **North Dakota–0.34%** | **North Dakota–0.34%** | **North Dakota–0.34%** | **North Dakota–0.34%** | **North Dakota–0.34%** |
| Burleigh (County of), ND (University of Mary); Series 2016, RB | 5.20% | 04/15/2046 | 1520 | &nbsp;&nbsp; 1380735 |
| North Dakota (State of) Housing Finance Agency (Social Bonds); Series 2024 C, RB | 6.25% | 01/01/2055 | 2965 | &nbsp;&nbsp; 3267469 |
| Ward (County of), ND (Trinity Obligated Group); Series 2017 C, RB | 5.00% | 06/01/2048 | 6065 | &nbsp;&nbsp; 5589456 |
|  |  |  |  | &nbsp;&nbsp; 10237660 |
| **Ohio–4.27%** | **Ohio–4.27%** | **Ohio–4.27%** | **Ohio–4.27%** | **Ohio–4.27%** |
| &nbsp;&nbsp;&nbsp; Akron, Bath & Copley Joint Township Hospital District (Summa Health Obligated Group); <br> Series 2016, Ref. RB<br>| 5.25% | 11/15/2046 | 5000 | &nbsp;&nbsp; 5009542 |
| Buckeye Tobacco Settlement Financing Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A-2, Ref. RB | 4.00% | 06/01/2048 | 4040 | &nbsp;&nbsp; 3379694 |
| &nbsp;&nbsp;&nbsp; Series 2020 B-2, Ref. RB | 5.00% | 06/01/2055 | 20240 | &nbsp;&nbsp; 17539753 |
| &nbsp;&nbsp;&nbsp; Series 2020 B-3, Ref. RB<sup>(h)</sup> <br>| 0.00% | 06/01/2057 | 21475 | &nbsp;&nbsp; 2067669 |
| Centerville (City of), OH (Graceworks Lutheran Services); Series 2017, Ref. RB | 5.25% | 11/01/2047 | 5400 | &nbsp;&nbsp; 4772860 |
| Cleveland (City of), OH; Series 2008 B-2, RB (INS - NATL)<sup>(f)(h)</sup> <br>| 0.00% | 11/15/2025 | 2895 | &nbsp;&nbsp; 2849922 |
| &nbsp;&nbsp;&nbsp; Columbus Regional Airport Authority (John Glenn Columbus International Airport); Series 2025, <br> Ref. RB<sup>(b)</sup> <br>| 5.50% | 01/01/2050 | 29000 | &nbsp;&nbsp; 29958288 |
| Cuyahoga (County of), OH (MetroHealth System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 02/15/2037 | 5600 | &nbsp;&nbsp; 5566683 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 02/15/2052 | 5000 | &nbsp;&nbsp; 4587314 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.50% | 02/15/2057 | 7000 | &nbsp;&nbsp; 6791681 |
| Hamilton (County of), OH (Cincinnati Children's Hospital); Series 2019 CC, RB | 5.00% | 11/15/2049 | 10000 | &nbsp;&nbsp; 10205670 |
| Hamilton (County of), OH (Life Enriching Communities); Series 2016, Ref. RB | 5.00% | 01/01/2051 | 1695 | &nbsp;&nbsp; 1590126 |
| Lucas (County of), OH (ProMedica Healthcare System); Series 2018 A, Ref. RB | 5.25% | 11/15/2048 | 1500 | &nbsp;&nbsp; 1444923 |
| Montgomery (County of), OH (Dayton Children's Hospital); Series 2021, Ref. RB | 4.00% | 08/01/2046 | 2500 | &nbsp;&nbsp; 2164432 |
| Muskingum (County of), OH (Genesis Healthcare System); Series 2013, RB | 5.00% | 02/15/2044 | 7740 | &nbsp;&nbsp; 7307876 |
| Ohio (State of) (Portsmouth Bypass); Series 2015, RB<sup>(b)</sup> <br>| 5.00% | 12/31/2025 | 1040 | &nbsp;&nbsp; 1040889 |
| Ohio (State of) Air Quality Development Authority (Pratt Paper LLC); Series 2017, RB<sup>(b)(e)</sup> <br>| 4.50% | 01/15/2048 | 2000 | &nbsp;&nbsp; 1761229 |
| Ohio (State of) Higher Educational Facility Commission (Xavier University); Series 2024, Ref. RB | 5.25% | 05/01/2054 | 1215 | &nbsp;&nbsp; 1195199 |
| &nbsp;&nbsp;&nbsp; Ohio (State of) Housing Finance Agency (Covenant House Apartments); Series 2008 C, RB (CEP - <br> GNMA)<sup>(b)</sup> <br>| 6.10% | 09/20/2049 | 2845 | &nbsp;&nbsp; 2846020 |
| &nbsp;&nbsp;&nbsp; Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund) (Green Bonds); <br> Series 2021 A, RB<br>| 4.00% | 12/01/2046 | 6540 | &nbsp;&nbsp; 6026190 |
| &nbsp;&nbsp;&nbsp; Tuscarawas (County of), OH Economic Development and Finance Alliance (Ashland University); <br> Series 2015, Ref. RB<br>| 6.00% | 03/01/2045 | 3000 | &nbsp;&nbsp; 2856131 |
| University of Cincinnati; Series 2024, RB<sup>(g)</sup> <br>| 5.25% | 06/01/2054 | 8725 | &nbsp;&nbsp; 9007282 |
|  |  |  |  | &nbsp;&nbsp; 129969373 |
| **Oklahoma–1.61%** | **Oklahoma–1.61%** | **Oklahoma–1.61%** | **Oklahoma–1.61%** | **Oklahoma–1.61%** |
| Oklahoma (State of) Development Finance Authority (OU Medicine); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB | 5.25% | 08/15/2043 | 8500 | &nbsp;&nbsp; 8510821 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB | 5.50% | 08/15/2052 | 6000 | &nbsp;&nbsp; 5917254 |
| Oklahoma (State of) Turnpike Authority (Senior Bonds); Series 2025 A, RB | 5.50% | 01/01/2054 | 13000 | &nbsp;&nbsp; 13833388 |
| Oklahoma (State of) Water Resources Board (2019 Master Trust); Series 2023, RB | 4.13% | 04/01/2053 | 3700 | &nbsp;&nbsp; 3257290 |
| Tulsa (City of), OK Airports Improvement Trust; Series 2001 C, Ref. RB<sup>(b)</sup> <br>| 5.50% | 12/01/2035 | 7500 | &nbsp;&nbsp; 7501435 |

---

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

**Invesco Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Oklahoma–(continued)** | **Oklahoma–(continued)** | **Oklahoma–(continued)** | **Oklahoma–(continued)** | **Oklahoma–(continued)** |
| &nbsp;&nbsp;&nbsp; Tulsa (City of), OK Airports Improvement Trust (American Airlines Group, Inc.); Series 2015, Ref. <br> RB<sup>(a)(b)(i)</sup> <br>| 5.00% | 06/01/2025 | $5000 | &nbsp;&nbsp; $5000000 |
| Tulsa Municipal Airport Trust Trustees; Series 2025, Ref. RB<sup>(b)</sup> <br>| 6.25% | 12/01/2035 | 4500 | &nbsp;&nbsp; 4923863 |
|  |  |  |  | &nbsp;&nbsp; 48944051 |
| **Oregon–0.86%** | **Oregon–0.86%** | **Oregon–0.86%** | **Oregon–0.86%** | **Oregon–0.86%** |
| Clackamas (County of), OR Hospital Facility Authority (Mary's Woods at Marylhurst, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.00% | 05/15/2048 | 1090 | &nbsp;&nbsp; 955055 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.00% | 05/15/2052 | 500 | &nbsp;&nbsp; 425446 |
| Clackamas (County of), OR Hospital Facility Authority (Rose Villa); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 5.13% | 11/15/2040 | 1000 | &nbsp;&nbsp; 974052 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 5.25% | 11/15/2050 | 1250 | &nbsp;&nbsp; 1145676 |
| Clackamas (County of), OR Hospital Facility Authority (Willamette View); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 11/15/2047 | 2415 | &nbsp;&nbsp; 2214380 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 11/15/2052 | 2960 | &nbsp;&nbsp; 2627700 |
| Morrow (Port of), OR (Bonneville Cooperation Project No. 4); Series 2024 A, GO Bonds<sup>(e)</sup> <br>| 5.15% | 10/01/2026 | 2000 | &nbsp;&nbsp; 2002984 |
| Portland (Port of), OR (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)</sup> <br>| 5.25% | 07/01/2054 | 10500 | &nbsp;&nbsp; 10626468 |
| &nbsp;&nbsp;&nbsp; Twenty Ninth Series 2023, RB<sup>(b)</sup> <br>| 5.50% | 07/01/2053 | 5000 | &nbsp;&nbsp; 5157465 |
|  |  |  |  | &nbsp;&nbsp; 26129226 |
| **Pennsylvania–4.65%** | **Pennsylvania–4.65%** | **Pennsylvania–4.65%** | **Pennsylvania–4.65%** | **Pennsylvania–4.65%** |
| Allegheny (County of), PA Airport Authority; Series 2021 A, RB<sup>(b)</sup> <br>| 5.00% | 01/01/2056 | 16290 | &nbsp;&nbsp; 15760670 |
| Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 4.00% | 09/01/2049 | 5535 | &nbsp;&nbsp; 4592601 |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB | 5.00% | 05/01/2057 | 11345 | &nbsp;&nbsp; 10987079 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (National Gypson <br> Co.); Series 2014, Ref. RB<sup>(b)</sup> <br>| 5.50% | 11/01/2044 | 3300 | &nbsp;&nbsp; 3302565 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major <br> Bridges); Series 2022, RB<sup>(b)</sup> <br>| 5.25% | 06/30/2053 | 16315 | &nbsp;&nbsp; 15938672 |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds); Series 2024-145A, RB | 6.00% | 10/01/2054 | 3975 | &nbsp;&nbsp; 4280073 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District); <br> Series 2016 A, Ref. RB (INS - AGI)<sup>(f)</sup> <br>| 5.00% | 06/01/2032 | 5000 | &nbsp;&nbsp; 5060488 |
| Pennsylvania (Commonwealth of) Turnpike Commission; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A-2, RB | 5.13% | 12/01/2040 | 5500 | &nbsp;&nbsp; 5695801 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.50% | 12/01/2046 | 10000 | &nbsp;&nbsp; 10136967 |
| &nbsp;&nbsp;&nbsp; Series 2017 A-1, RB | 5.00% | 12/01/2042 | 2500 | &nbsp;&nbsp; 2517285 |
| &nbsp;&nbsp;&nbsp; Series 2017 B-1, RB | 5.25% | 06/01/2047 | 9875 | &nbsp;&nbsp; 9933194 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB | 5.00% | 12/01/2045 | 2000 | &nbsp;&nbsp; 2049444 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 4.00% | 12/01/2051 | 8500 | &nbsp;&nbsp; 7353254 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, Ref. RB | 4.00% | 12/01/2053 | 5995 | &nbsp;&nbsp; 5137958 |
| Philadelphia (City of), PA (1998 General Ordinance); Series 2024, RB (INS - AGI)<sup>(f)</sup> <br>| 5.25% | 08/01/2054 | 10000 | &nbsp;&nbsp; 10335534 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University); <br> Series 2022, RB<br>| 5.25% | 11/01/2047 | 8000 | &nbsp;&nbsp; 8143708 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University); <br> Series 2017 A, Ref. RB<br>| 5.00% | 09/01/2047 | 3500 | &nbsp;&nbsp; 3376715 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated <br> Group); Series 2017, Ref. RB<br>| 5.00% | 07/01/2042 | 3000 | &nbsp;&nbsp; 2797479 |
| Philadelphia Authority for Industrial Development; Series 2025, RB<sup>(g)</sup> <br>| 5.50% | 07/01/2053 | 11000 | &nbsp;&nbsp; 11610321 |
| Philadelphia School District (The); Series 2007 A, Ref. GO Bonds (INS - NATL)<sup>(f)</sup> <br>| 5.00% | 06/01/2026 | 2360 | &nbsp;&nbsp; 2406328 |
|  |  |  |  | &nbsp;&nbsp; 141416136 |
| **Puerto Rico–1.38%** | **Puerto Rico–1.38%** | **Puerto Rico–1.38%** | **Puerto Rico–1.38%** | **Puerto Rico–1.38%** |
| Children's Trust Fund; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.50% | 05/15/2039 | 3920 | &nbsp;&nbsp; 3957814 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.63% | 05/15/2043 | 1250 | &nbsp;&nbsp; 1264386 |
| &nbsp;&nbsp;&nbsp; Series 2008 A, RB<sup>(h)</sup> <br>| 0.00% | 05/15/2057 | 47430 | &nbsp;&nbsp; 2847185 |
| &nbsp;&nbsp;&nbsp; Series 2008 B, RB<sup>(h)</sup> <br>| 0.00% | 05/15/2057 | 260000 | &nbsp;&nbsp; 14682174 |
| Puerto Rico (Commonwealth of); Series 2021 A-1, GO Bonds | 4.00% | 07/01/2046 | 5000 | &nbsp;&nbsp; 4112430 |
| Puerto Rico (Commonwealth of) Electric Power Authority; Series 2007 VV, Ref. RB (INS - AGI)<sup>(f)</sup> <br>| 5.25% | 07/01/2031 | 2700 | &nbsp;&nbsp; 2681594 |

---

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

**Invesco Municipal Income 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 | 4.55% | 07/01/2040 | $1583 | &nbsp;&nbsp; $1509905 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(h)</sup> <br>| 0.00% | 07/01/2046 | 21000 | &nbsp;&nbsp; 6741721 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 5.00% | 07/01/2058 | 4500 | &nbsp;&nbsp; 4228000 |
|  |  |  |  | &nbsp;&nbsp; 42025209 |
| **Rhode Island–0.21%** | **Rhode Island–0.21%** | **Rhode Island–0.21%** | **Rhode Island–0.21%** | **Rhode Island–0.21%** |
| Rhode Island Health & Educational Building Corp. (Lifespan Obligated Group); Series 2024, RB | 5.25% | 05/15/2054 | 6555 | &nbsp;&nbsp; 6504518 |
| **South Carolina–1.82%** | **South Carolina–1.82%** | **South Carolina–1.82%** | **South Carolina–1.82%** | **South Carolina–1.82%** |
| Patriots Energy Group Financing Agency; Series 2023 A-1, RB<sup>(a)</sup> <br>| 5.25% | 08/01/2031 | 7250 | &nbsp;&nbsp; 7636046 |
| South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 05/01/2028 | 1255 | &nbsp;&nbsp; 1237827 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 05/01/2037 | 2860 | &nbsp;&nbsp; 2580401 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Prisma Health Obligated Group); <br> Series 2018 A, Ref. RB<br>| 5.00% | 05/01/2043 | 15000 | &nbsp;&nbsp; 14937147 |
| South Carolina (State of) Jobs-Economic Development Authority (Novant Health Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.50% | 11/01/2049 | 2500 | &nbsp;&nbsp; 2595177 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.50% | 11/01/2050 | 5000 | &nbsp;&nbsp; 5183284 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.50% | 11/01/2054 | 5000 | &nbsp;&nbsp; 5158694 |
| South Carolina (State of) Public Service Authority; Series 2021 B, RB | 5.00% | 12/01/2040 | 3300 | &nbsp;&nbsp; 3383427 |
| South Carolina (State of) Public Service Authority (Santee Cooper); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB | 5.50% | 12/01/2054 | 6090 | &nbsp;&nbsp; 6349731 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, Ref. RB | 5.25% | 12/01/2054 | 6250 | &nbsp;&nbsp; 6347080 |
|  |  |  |  | &nbsp;&nbsp; 55408814 |
| **Tennessee–1.28%** | **Tennessee–1.28%** | **Tennessee–1.28%** | **Tennessee–1.28%** | **Tennessee–1.28%** |
| &nbsp;&nbsp;&nbsp; Knox (County of), TN Health, Educational & Housing Facility Board (Covenant Health); Series 2016 <br> A, Ref. RB<br>| 5.00% | 01/01/2042 | 14000 | &nbsp;&nbsp; 14013121 |
| &nbsp;&nbsp;&nbsp; Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee); <br> Series 2024 A-1, RB (INS - BAM)<sup>(f)</sup> <br>| 5.25% | 07/01/2049 | 1250 | &nbsp;&nbsp; 1267588 |
| Metropolitan Nashville Airport Authority (The); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 B, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2044 | 5000 | &nbsp;&nbsp; 4951153 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, RB<sup>(b)</sup> <br>| 5.50% | 07/01/2052 | 11250 | &nbsp;&nbsp; 11609416 |
| &nbsp;&nbsp;&nbsp; Shelby (County of), TN Health, Educational & Housing Facilities Board (The Village at Germantown, <br> Inc.);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, RB | 5.00% | 12/01/2034 | 1000 | &nbsp;&nbsp; 962122 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB | 5.25% | 12/01/2044 | 1165 | &nbsp;&nbsp; 1025489 |
| Tennessee Energy Acquisition Corp.; Series 2021 A, RB<sup>(a)</sup> <br>| 5.00% | 11/01/2031 | 5000 | &nbsp;&nbsp; 5186057 |
|  |  |  |  | &nbsp;&nbsp; 39014946 |
| **Texas–10.39%** | **Texas–10.39%** | **Texas–10.39%** | **Texas–10.39%** | **Texas–10.39%** |
| Arlington Higher Education Finance Corp. (Universal Academy); Series 2014 A, RB | 7.00% | 03/01/2034 | 1000 | &nbsp;&nbsp; 1000490 |
| Board of Regents of the University of Texas System; Series 2019 B, RB | 5.00% | 08/15/2049 | 15000 | &nbsp;&nbsp; 16016986 |
| City of San Antonio TX Electric & Gas Systems Revenue; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(g)</sup> <br>| 5.25% | 02/01/2046 | 5250 | &nbsp;&nbsp; 5476116 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(g)(k)</sup> <br>| 5.50% | 02/01/2050 | 5000 | &nbsp;&nbsp; 5282199 |
| Clifton Higher Education Finance Corp. (International Leadership of Texas); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 5.13% | 08/15/2030 | 2000 | &nbsp;&nbsp; 2001126 |
| &nbsp;&nbsp;&nbsp; Series 2018 D, RB | 6.00% | 08/15/2038 | 5000 | &nbsp;&nbsp; 5011255 |
| County of Harris TX Toll Road Revenue; Series 2024, RB<sup>(g)(k)</sup> <br>| 5.25% | 08/15/2054 | 8720 | &nbsp;&nbsp; 9072932 |
| &nbsp;&nbsp;&nbsp; Cypress-Fairbanks Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent <br> School Fund)<br>| 4.00% | 02/15/2048 | 6750 | &nbsp;&nbsp; 6053650 |
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport); Series 2022 B, Ref. RB | 4.00% | 11/01/2045 | 5000 | &nbsp;&nbsp; 4571501 |
| El Paso (City of), TX; Series 2022 A, RB | 4.00% | 03/01/2048 | 10000 | &nbsp;&nbsp; 8711090 |
| Forney Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent School Fund) | 4.00% | 08/15/2053 | 16110 | &nbsp;&nbsp; 14001077 |
| Grand Parkway Transportation Corp.; Series 2020, Ref. RB | 4.00% | 10/01/2049 | 10300 | &nbsp;&nbsp; 8858725 |
| Harris (County of), TX; Series 2007 C, Ref. GO Bonds (INS - AGI)<sup>(f)</sup> <br>| 5.25% | 08/15/2031 | 6665 | &nbsp;&nbsp; 7475325 |
| Harris (County of), TX Port Authority of Houston; Series 2021, RB | 4.00% | 10/01/2046 | 7065 | &nbsp;&nbsp; 6272244 |
| Harris (County of), TX Toll Road Authority (The); Series 2021, Ref. RB | 4.00% | 08/15/2050 | 7725 | &nbsp;&nbsp; 6702030 |
| Harris County Hospital District; Series 2025, GO Bonds<sup>(g)</sup> <br>| 5.50% | 02/15/2050 | 7000 | &nbsp;&nbsp; 7370512 |

---

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

**Invesco Municipal Income 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)** |
| Harris County Industrial Development Corp. (Energy Transfer L.P.); Series 2023, Ref. RB<sup>(a)</sup> <br>| 4.05% | 06/01/2033 | $8750 | &nbsp;&nbsp; $8562782 |
| Houston (City of), TX (United Airlines, Inc.); Series 2021 B-1, RB<sup>(b)</sup> <br>| 4.00% | 07/15/2041 | 5550 | &nbsp;&nbsp; 4812380 |
| Houston (City of), TX Airport System (United Airlines, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(b)</sup> <br>| 5.00% | 07/15/2028 | 8250 | &nbsp;&nbsp; 8286786 |
| &nbsp;&nbsp;&nbsp; Series 2020 B-2, Ref. RB<sup>(b)</sup> <br>| 5.00% | 07/15/2027 | 1500 | &nbsp;&nbsp; 1505315 |
| &nbsp;&nbsp;&nbsp; Series 2020 C, Ref. RB<sup>(b)</sup> <br>| 5.00% | 07/15/2027 | 3875 | &nbsp;&nbsp; 3888731 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, RB<sup>(b)</sup> <br>| 5.50% | 07/15/2039 | 10000 | &nbsp;&nbsp; 10244222 |
| Houston (City of), TX Convention & Entertainment Facilities Department; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2001 B, RB (INS - AGI)<sup>(f)(h)</sup> <br>| 0.00% | 09/01/2026 | 8750 | &nbsp;&nbsp; 8382742 |
| &nbsp;&nbsp;&nbsp; Series 2001 B, RB (INS - AGI)<sup>(f)(h)</sup> <br>| 0.00% | 09/01/2027 | 3600 | &nbsp;&nbsp; 3328900 |
| Jarrell Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent School Fund) | 4.25% | 02/15/2053 | 9460 | &nbsp;&nbsp; 8589983 |
| Katy Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent School Fund) | 4.00% | 02/15/2053 | 6025 | &nbsp;&nbsp; 5256084 |
| Lamar Consolidated Independent School District; Series 2023, GO Bonds | 4.00% | 02/15/2053 | 5000 | &nbsp;&nbsp; 4213774 |
| Love Field Airport Modernization Corp. (Southwest Airlines Co.); Series 2012, RB<sup>(b)</sup> <br>| 5.00% | 11/01/2028 | 1395 | &nbsp;&nbsp; 1395115 |
| Lower Colorado River Authority (LCRA Transmission Services Corp.); Series 2022, Ref. RB | 6.00% | 05/15/2052 | 4265 | &nbsp;&nbsp; 4564754 |
| Magnolia Independent School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, GO Bonds<sup>(a)(i)</sup> <br>| 4.00% | 08/15/2032 | 330 | &nbsp;&nbsp; 348191 |
| &nbsp;&nbsp;&nbsp; Series 2023, GO Bonds | 4.00% | 08/15/2047 | 5825 | &nbsp;&nbsp; 5155276 |
| &nbsp;&nbsp;&nbsp; Medina Valley Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent School <br> Fund)<br>| 4.00% | 02/15/2053 | 5500 | &nbsp;&nbsp; 4786014 |
| Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB<sup>(c)</sup> <br>| 5.13% | 02/15/2030 | 592 | &nbsp;&nbsp; 5922 |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB<sup>(c)</sup> <br>| 5.13% | 02/15/2042 | 722 | &nbsp;&nbsp; 7225 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(c)</sup> <br>| 5.00% | 02/15/2030 | 95 | &nbsp;&nbsp; 948 |
| Mission Economic Development Corp. (Natgasoline); Series 2018, Ref. RB<sup>(b)(e)</sup> <br>| 4.63% | 10/01/2031 | 10000 | &nbsp;&nbsp; 9989074 |
| New Hope Cultural Education Facilities Finance Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 6.50% | 10/01/2055 | 3600 | &nbsp;&nbsp; 3464577 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 6.50% | 10/01/2060 | 2500 | &nbsp;&nbsp; 2389076 |
| New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, RB (Acquired 11/24/2021; Cost $15,000)<sup>(d)</sup> <br>| 7.50% | 11/15/2037 | 15 | &nbsp;&nbsp; 11752 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB (Acquired 07/27/2007-05/15/2025; Cost $357,595)<sup>(d)</sup> <br>| 2.00% | 11/15/2061 | 370 | &nbsp;&nbsp; 129269 |
| New Hope Cultural Education Facilities Finance Corp. (Longhorn Village); Series 2017, Ref. RB | 5.00% | 01/01/2047 | 3000 | &nbsp;&nbsp; 2747480 |
| New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.00% | 11/15/2026 | 600 | &nbsp;&nbsp; 589033 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.38% | 11/15/2036 | 865 | &nbsp;&nbsp; 752250 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.50% | 11/15/2046 | 1250 | &nbsp;&nbsp; 979018 |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 10/01/2035 | 1820 | &nbsp;&nbsp; 1734398 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 10/01/2039 | 3260 | &nbsp;&nbsp; 2977451 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 5.25% | 10/01/2055 | 5000 | &nbsp;&nbsp; 4285194 |
| North East Texas Regional Mobility Authority; Series 2016, RB | 5.00% | 01/01/2036 | 3400 | &nbsp;&nbsp; 3415536 |
| North Texas Tollway Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2008 D, Ref. RB (INS - AGI)<sup>(f)(h)</sup> <br>| 0.00% | 01/01/2028 | 12800 | &nbsp;&nbsp; 11741932 |
| &nbsp;&nbsp;&nbsp; Series 2008 D, Ref. RB (INS - AGI)<sup>(f)(h)</sup> <br>| 0.00% | 01/01/2029 | 2165 | &nbsp;&nbsp; 1915656 |
| &nbsp;&nbsp;&nbsp; Series 2008 D, Ref. RB (INS - AGI)<sup>(f)(h)</sup> <br>| 0.00% | 01/01/2031 | 4710 | &nbsp;&nbsp; 3854529 |
| &nbsp;&nbsp;&nbsp; Pottsboro Higher Education Finance Corp. (Imagine International Academy of North Texas LLC); <br> Series 2016 A, RB<br>| 5.00% | 08/15/2046 | 3000 | &nbsp;&nbsp; 2699730 |
| Rowlett (City of), TX (Bayside Public Improvement District North Improvement Area); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.38% | 09/15/2030 | 395 | &nbsp;&nbsp; 397859 |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.75% | 09/15/2036 | 145 | &nbsp;&nbsp; 145847 |
| San Antonio (City of), TX; Series 2024 D, Ref. RB | 5.25% | 02/01/2049 | 5000 | &nbsp;&nbsp; 5189560 |
| San Jacinto River Authority (Groundwater Reduction Plan Division); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2011, RB (INS - AGI)<sup>(f)</sup> <br>| 5.00% | 10/01/2032 | 1250 | &nbsp;&nbsp; 1251068 |
| &nbsp;&nbsp;&nbsp; Series 2011, RB (INS - AGI)<sup>(f)</sup> <br>| 5.00% | 10/01/2037 | 1000 | &nbsp;&nbsp; 1000664 |
| Spring Independent School District; Series 2023, GO Bonds | 4.00% | 08/15/2052 | 5000 | &nbsp;&nbsp; 4361724 |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007, RB (Acquired 07/18/2007; Cost $1,500,000)<sup>(c)(d)</sup> <br>| 5.75% | 02/15/2029 | 1500 | &nbsp;&nbsp; 975000 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB (Acquired 03/27/2020; Cost $1,010,412)<sup>(c)(d)</sup> <br>| 6.38% | 02/15/2048 | 1000 | &nbsp;&nbsp; 650000 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB (Acquired 12/15/2016; Cost $5,023,907)<sup>(c)(d)</sup> <br>| 6.38% | 02/15/2052 | 5000 | &nbsp;&nbsp; 3250000 |
| Tarrant County Cultural Education Facilities Finance Corp. (Christus Health); Series 2018 B, RB | 5.00% | 07/01/2048 | 4080 | &nbsp;&nbsp; 4001416 |

---

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

**Invesco Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 6.63% | 11/15/2041 | $500 | &nbsp;&nbsp; $444234 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 6.75% | 11/15/2051 | 500 | &nbsp;&nbsp; 418302 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 6.88% | 11/15/2055 | 500 | &nbsp;&nbsp; 419748 |
| Texas (State of) Transportation Commission; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(h)</sup> <br>| 0.00% | 08/01/2045 | 4000 | &nbsp;&nbsp; 1405554 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(h)</sup> <br>| 0.00% | 08/01/2046 | 3180 | &nbsp;&nbsp; 1059770 |
| Texas (State of) Transportation Commission (Central Texas Turnpike System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002 A, RB (INS - BHAC)<sup>(f)(h)</sup> <br>| 0.00% | 08/15/2027 | 970 | &nbsp;&nbsp; 902457 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB<sup>(h)(i)</sup> <br>| 0.00% | 08/15/2027 | 30 | &nbsp;&nbsp; 27990 |
| Texas (State of) Water Development Board (Master Trust); Series 2022, RB | 5.00% | 10/15/2047 | 16380 | &nbsp;&nbsp; 16707035 |
| Texas Municipal Gas Acquisition & Supply Corp. III; Series 2021, Ref. RB | 5.00% | 12/15/2032 | 5000 | &nbsp;&nbsp; 5254865 |
| &nbsp;&nbsp;&nbsp; Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North <br> Tarrant Express Managed Lanes);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB | 4.00% | 12/31/2038 | 2000 | &nbsp;&nbsp; 1891154 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(b)</sup> <br>| 5.50% | 12/31/2058 | 5000 | &nbsp;&nbsp; 5125695 |
| &nbsp;&nbsp;&nbsp; Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners Segments 3 LLC <br> Segments 3C); Series 2019, RB<sup>(b)</sup> <br>| 5.00% | 06/30/2058 | 10940 | &nbsp;&nbsp; 10424460 |
|  |  |  |  | &nbsp;&nbsp; 316192759 |
| **Utah–0.73%** | **Utah–0.73%** | **Utah–0.73%** | **Utah–0.73%** | **Utah–0.73%** |
| Black Desert Public Infrastructure District; Series 2024, RB<sup>(e)</sup> <br>| 5.63% | 12/01/2053 | 5000 | &nbsp;&nbsp; 4915456 |
| Salt Lake City (City of), UT; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2047 | 7500 | &nbsp;&nbsp; 7365511 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2046 | 10000 | &nbsp;&nbsp; 9858636 |
|  |  |  |  | &nbsp;&nbsp; 22139603 |
| **Virginia–0.69%** | **Virginia–0.69%** | **Virginia–0.69%** | **Virginia–0.69%** | **Virginia–0.69%** |
| Ballston Quarter Community Development Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A-1, RB | 5.50% | 03/01/2046 | 955 | &nbsp;&nbsp; 937535 |
| &nbsp;&nbsp;&nbsp; Series 2016 A-2, RB<sup>(l)</sup> <br>| 7.13% | 03/01/2059 | 2293 | &nbsp;&nbsp; 1943033 |
| Tobacco Settlement Financing Corp.; Series 2007 B-2, RB | 5.20% | 06/01/2046 | 4000 | &nbsp;&nbsp; 3581604 |
| &nbsp;&nbsp;&nbsp; Virginia (Commonwealth of) Small Business Financing Authority (95 Express Lanes LLC); <br> Series 2022, Ref. RB<sup>(b)</sup> <br>| 4.00% | 07/01/2039 | 5250 | &nbsp;&nbsp; 4802797 |
| Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB<sup>(b)</sup> <br>| 5.00% | 12/31/2047 | 5000 | &nbsp;&nbsp; 5016566 |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB<sup>(b)</sup> <br>| 5.00% | 12/31/2057 | 5000 | &nbsp;&nbsp; 4856262 |
|  |  |  |  | &nbsp;&nbsp; 21137797 |
| **Washington–1.72%** | **Washington–1.72%** | **Washington–1.72%** | **Washington–1.72%** | **Washington–1.72%** |
| Seattle (Port of), WA; Series 2024, Ref. RB<sup>(b)</sup> <br>| 5.25% | 07/01/2049 | 5000 | &nbsp;&nbsp; 5041010 |
| Washington (State of); Series 2021 A, Ref. GO Bonds | 5.00% | 06/01/2040 | 2750 | &nbsp;&nbsp; 2854961 |
| Washington (State of) Convention Center Public Facilities District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB | 5.00% | 07/01/2048 | 10000 | &nbsp;&nbsp; 9521979 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(g)(k)</sup> <br>| 5.00% | 07/01/2058 | 16500 | &nbsp;&nbsp; 15551088 |
| &nbsp;&nbsp;&nbsp; Washington (State of) Housing Finance Commission (Bayview Manor Homes); Series 2016 A, Ref. <br> RB<sup>(e)</sup> <br>| 5.00% | 07/01/2046 | 7255 | &nbsp;&nbsp; 6446290 |
| Washington (State of) Housing Finance Commission (Heron's Key Senior Living); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB<sup>(a)(e)(i)</sup> <br>| 6.50% | 07/01/2025 | 800 | &nbsp;&nbsp; 801721 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB<sup>(a)(e)(i)</sup> <br>| 6.75% | 07/01/2025 | 820 | &nbsp;&nbsp; 821926 |
| &nbsp;&nbsp;&nbsp; Washington (State of) Housing Finance Commission (Presbyterian Retirement Co.); Series 2016, <br> Ref. RB<sup>(e)</sup> <br>| 5.00% | 01/01/2036 | 1875 | &nbsp;&nbsp; 1848474 |
| Washington (State of) Housing Finance Commission (Social Certificates); Series 2024-2, RB | 4.09% | 03/20/2040 | 5094 | &nbsp;&nbsp; 4696470 |
| Washington (State of) Housing Finance Commission (The Hearthstone); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2048 | 2000 | &nbsp;&nbsp; 1373626 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2053 | 1500 | &nbsp;&nbsp; 987410 |
| Washington State Housing Finance Commission; Series 2025, RB (INS - BAM)<sup>(e)(f)</sup> <br>| 5.25% | 07/01/2055 | 2500 | &nbsp;&nbsp; 2468814 |
|  |  |  |  | &nbsp;&nbsp; 52413769 |

---

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

**Invesco Municipal Income Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **West Virginia–0.38%** | **West Virginia–0.38%** | **West Virginia–0.38%** | **West Virginia–0.38%** | **West Virginia–0.38%** | **West Virginia–0.38%** |
| &nbsp;&nbsp;&nbsp; Monongalia (County of), WV Commission Special District (University Town Centre Economic <br> Opportunity Development District); Series 2017 A, Ref. RB<sup>(e)</sup> <br>| 5.50% | 06/01/2037 |  | $2500 | &nbsp;&nbsp; $2521077 |
| &nbsp;&nbsp;&nbsp; West Virginia (State of) Economic Development Authority (Core Natural Resources, Inc.); <br> Series 2025, RB<sup>(a)(b)(e)</sup> <br>| 5.45% | 03/27/2035 |  | 1000 | &nbsp;&nbsp; 994757 |
| West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, RB<sup>(b)(c)(e)</sup> <br>| 6.75% | 02/01/2026 |  | 4035 | &nbsp;&nbsp; 2824500 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(b)(c)(e)</sup> <br>| 8.75% | 02/01/2036 |  | 1300 | &nbsp;&nbsp; 1040000 |
| West Virginia (State of) Hospital Finance Authority (Vandalia Health Group); Series 2023 B, RB | 6.00% | 09/01/2053 |  | 4000 | &nbsp;&nbsp; 4256048 |
|  |  |  |  |  | &nbsp;&nbsp; 11636382 |
| **Wisconsin–2.19%** | **Wisconsin–2.19%** | **Wisconsin–2.19%** | **Wisconsin–2.19%** | **Wisconsin–2.19%** | **Wisconsin–2.19%** |
| Wisconsin (State of) Center District; Series 2020, RB (INS - AGI)<sup>(f)(h)</sup> <br>| 0.00% | 12/15/2060 |  | 25000 | &nbsp;&nbsp; 3987015 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (Marshfield Clinic Health System); <br> Series 2024, RB<br>| 5.50% | 02/15/2054 |  | 5000 | &nbsp;&nbsp; 5238192 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the <br> Midwest Obligated Group); Series 2017, Ref. RB<br>| 5.00% | 08/01/2039 |  | 3500 | &nbsp;&nbsp; 2252935 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (Aspirus, Inc. Obligated Group); <br> Series 2021, RB<br>| 4.00% | 08/15/2046 |  | 10170 | &nbsp;&nbsp; 8835650 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (Froedtert Health); Series 2022 A, <br> Ref. RB<br>| 4.00% | 04/01/2042 |  | 9460 | &nbsp;&nbsp; 8564359 |
| Wisconsin (State of) Public Finance Authority; Series 2023 B, RB<sup>(e)(h)</sup> <br>| 0.00% | 07/01/2062 |  | 6750 | &nbsp;&nbsp; 4910625 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands); Series 2017, <br> RB<sup>(e)</sup> <br>| 6.75% | 08/01/2031 |  | 3000 | &nbsp;&nbsp; 2692500 |
| Wisconsin (State of) Public Finance Authority (Explore Academy); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(e)</sup> <br>| 6.13% | 02/01/2050 |  | 2500 | &nbsp;&nbsp; 2426559 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(e)</sup> <br>| 6.13% | 02/01/2050 |  | 2705 | &nbsp;&nbsp; 2625537 |
| Wisconsin (State of) Public Finance Authority (Green Bonds); Series 2021, RB<sup>(b)</sup> <br>| 4.00% | 03/31/2056 |  | 5500 | &nbsp;&nbsp; 4225476 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center); Series 2018 <br> A-1, RB<sup>(e)</sup> <br>| 6.25% | 01/01/2038 |  | 5250 | &nbsp;&nbsp; 2362500 |
| Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.20% | 12/01/2037 |  | 5000 | &nbsp;&nbsp; 5082149 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.35% | 12/01/2045 |  | 4000 | &nbsp;&nbsp; 4021801 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences); <br> Series 2015, Ref. RB<br>| 5.75% | 04/01/2035 |  | 1955 | &nbsp;&nbsp; 1955881 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (The Evergreens Obligated Group); Series 2019 A, <br> Ref. RB<br>| 5.00% | 11/15/2044 |  | 1955 | &nbsp;&nbsp; 1892278 |
| Wisconsin (State of) Public Finance Authority (Two Step); Series 2024, RB<sup>(e)(h)</sup> <br>| 0.00% | 12/15/2034 |  | 1375 | &nbsp;&nbsp; 775002 |
| Wisconsin (State of) Public Finance Authority (Wakemed Hospital); Series 2019 A, Ref. RB | 5.00% | 10/01/2044 |  | 4000 | &nbsp;&nbsp; 3916325 |
| Wisconsin (State of) Public Finance Authority (WhiteStone); Series 2017, Ref. RB<sup>(e)</sup> <br>| 5.00% | 03/01/2052 |  | 1075 | &nbsp;&nbsp; 887439 |
|  |  |  |  |  | &nbsp;&nbsp; 66652223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $3,230,594,103) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $3,230,594,103) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $3,230,594,103) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $3,230,594,103) |  | &nbsp;&nbsp; 3144139886 |
|  |  |  | **Shares** | **Shares** |  |
| **Exchange-Traded Funds–0.03%** | **Exchange-Traded Funds–0.03%** | **Exchange-Traded Funds–0.03%** | **Exchange-Traded Funds–0.03%** | **Exchange-Traded Funds–0.03%** | **Exchange-Traded Funds–0.03%** |
| &nbsp;&nbsp;&nbsp; Invesco Rochester High Yield Municipal ETF <br>(Cost $872,610)<sup>(n)</sup> <br>|  |  |  | 17000 | &nbsp;&nbsp; 851618 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(o)</sup>–103.34% (Cost $3,231,466,713) | TOTAL INVESTMENTS IN SECURITIES<sup>(o)</sup>–103.34% (Cost $3,231,466,713) | TOTAL INVESTMENTS IN SECURITIES<sup>(o)</sup>–103.34% (Cost $3,231,466,713) | TOTAL INVESTMENTS IN SECURITIES<sup>(o)</sup>–103.34% (Cost $3,231,466,713) |  | &nbsp;&nbsp; 3144991504 |
| FLOATING RATE NOTE OBLIGATIONS–(4.93)% | FLOATING RATE NOTE OBLIGATIONS–(4.93)% | FLOATING RATE NOTE OBLIGATIONS–(4.93)% | FLOATING RATE NOTE OBLIGATIONS–(4.93)% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notes with interest and fee rates ranging from 2.52% to 2.70% at 05/31/2025 and <br>contractual maturities of collateral ranging from 02/01/2046 to 11/01/2059<sup>(p)</sup> <br>|  |  |  |  | &nbsp;&nbsp; (149905000)<br>|
| OTHER ASSETS LESS LIABILITIES–1.59% | OTHER ASSETS LESS LIABILITIES–1.59% | OTHER ASSETS LESS LIABILITIES–1.59% | OTHER ASSETS LESS LIABILITIES–1.59% |  | &nbsp;&nbsp; 48288100 |
| NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% |  | &nbsp;&nbsp; $3043374604 |

---

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

**Invesco Municipal Income Fund**

------

Investment Abbreviations:

---

| | |
|:---|:---|
| AGI | – Assured Guaranty, Inc. |
| BAM | – Build America Mutual Assurance Co. |
| BHAC | – Berkshire Hathaway Assurance Corp. |
| CEP | – Credit Enhancement Provider |
| COP | – Certificates of Participation |
| Ctfs. | – Certificates |
| ETF | – Exchange-Traded Fund |
| GNMA | – Government National Mortgage Association |
| GO | – General Obligation |
| IDR | – Industrial Development Revenue Bonds |
| INS | – Insurer |
| NATL | – National Public Finance Guarantee Corp. |
| RAC | – Revenue Anticipation Certificates |
| RB | – Revenue Bonds |
| Ref. | – Refunding |
| RN | – Revenue Notes |
| VRD | – Variable Rate Demand |
| Wts. | – Warrants |

---

Notes to Schedule of Investments:

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

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

<sup>(c)</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 $9,474,109, which represented less than 1% of the Fund's Net Assets. 

<sup>(d)</sup> Restricted security. The aggregate value of these securities at May 31, 2025 was $9,373,783, which represented less than 1% of the Fund's Net Assets.

<sup>(e)</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 $241,687,572, which represented 7.94% of the Fund's Net Assets. 

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

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

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

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

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

<sup>(k)</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 $40,040,000. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the TOB Trusts. 

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

<sup>(n)</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;

<sup>(o)</sup> This table provides a listing of those entities that have either issued, guaranteed, backed or otherwise enhanced the credit quality of more than 5% of the securities held in the portfolio. In instances where the entity has guaranteed, backed or otherwise enhanced the credit quality of a security, it is not primarily responsible for the issuer's obligations but may be called upon to satisfy the issuer's obligations. 

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

---

| | |
|:---|:---|
| **Entity** | **Percent** |
| Assured Guaranty Inc. | 7.59<br> %<br>|

---

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

<sup>(p)</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 $207,459,120 are held by TOB Trusts and serve as collateral for the $149,905,000 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 Municipal Income 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; $3143992693 | &nbsp;&nbsp;&nbsp;&nbsp; $147193 | &nbsp;&nbsp;&nbsp;&nbsp; $3144139886 |
| Exchange-Traded Funds | &nbsp;&nbsp;&nbsp;&nbsp; 851618 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 851618 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; 851618 | &nbsp;&nbsp;&nbsp;&nbsp; 3143992693 | &nbsp;&nbsp;&nbsp;&nbsp; 147193 | &nbsp;&nbsp;&nbsp;&nbsp; 3144991504 |
| **Other Investments - Assets** |  |  |  |  |
| Investments Matured | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1056309 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1056309 |
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $851618 | &nbsp;&nbsp;&nbsp;&nbsp; $3145049002 | &nbsp;&nbsp;&nbsp;&nbsp; $147193 | &nbsp;&nbsp;&nbsp;&nbsp; $3146047813 |

---

**Invesco Municipal Income 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 Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000027869

- **c. LEI of Series:** 549300XPIO605BHE6H02

**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:** $3201605928.92

**Total Liabilities:** $161107812.27

**Net Assets:** $3040498116.65

**Cash Not Reported:** $11027856.52

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -4279.67033599 | **1-Year:** -84260.32944338 | **5-Year:** -359612.15950910 | **10-Year:** -972285.33655159 | **30-Year:** -487178.08307578

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

- **3-Month:** -1623.72566929 | **1-Year:** -26977.00649588 | **5-Year:** -75966.63348061 | **10-Year:** -193650.51959632 | **30-Year:** -144794.49685463

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000084631 | -2.02%               | -0.95%               | -0.88%               |
| Class ID C000084633 | -2.01%               | -1.02%               | -0.95%               |
| Class ID C000125172 | -1.93%               | -0.95%               | -0.87%               |
| Class ID C000084634 | -1.92%               | -0.93%               | -0.86%               |
| Class ID C000188919 | -1.92%               | -0.93%               | -0.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5221055.09             | $-71910362.35                              |
| Month 2  | $-12462168.00            | $-31038418.23                              |
| Month 3  | $-6408543.39             | $-29707937.60                              |

**Designated Index Information**

- **Index Name:** S&P Muni Bond 5+ Yr Investment Grade Index

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Houston (City of), TX Convention & Entertainment Facilities Department                                                                   | Houston (City of), TX Convention & Entertainment Facilities Department, Series 2001 B, RB                                                              | CUSIP: 44237NDN9<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3328899.84   | 0.11%             | 2027-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                                                                       | South Carolina Jobs-Economic Development Authority Series 2024, RB                                                                                     | CUSIP: 837032CD1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5183284.00   | 0.17%             | 2050-11-01      | Fixed         | 5.50%                 | 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        |  16315000 | PA      | $15938671.68  | 0.52%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Osceola (County of), FL                                                                                                                  | Osceola (County of), FL, Series 2020 A-1, Ref. RB                                                                                                      | CUSIP: 688031EC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2052410.26   | 0.07%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                               | Miami-Dade (County of), FL, Subseries 2021 A-2, Ref. RB                                                                                                | CUSIP: 59335KDH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11290000 | PA      | $9841462.52   | 0.32%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                                     | Chicago (City of), IL (O'Hare International Airport), Series 2016 C, Ref. RB                                                                           | CUSIP: 167593VU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2509948.75   | 0.08%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority (Green Bonds)                                                                               | Metropolitan Atlanta Rapid Transit Authority (Green Bonds), Series 2025 A, RB                                                                          | CUSIP: 591746BZ4<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   8720000 | PA      | $9210300.31   | 0.30%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Transit Authority                                                                                                  | Chicago (City of), IL Transit Authority, Series 2024 A, Ref. RB                                                                                        | CUSIP: 16772PEP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4989326.00   | 0.16%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Wakemed Hospital)                                                                         | Wisconsin (State of) Public Finance Authority (Wakemed Hospital), Series 2019 A, Ref. RB                                                               | CUSIP: 74442CBY9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3916324.80   | 0.13%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Airport Authority                                                                                                                  | Omaha Airport Authority, Series 2024, RB                                                                                                               | CUSIP: 681725NL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11480000 | PA      | $11615311.32  | 0.38%             | 2054-12-15      | Fixed         | 5.25%                 | 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        |   5000000 | PA      | $5159430.00   | 0.17%             | 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        |   1250000 | PA      | $1264385.88   | 0.04%             | 2043-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners Segments 3 LLC Segments 3C)                              | Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners Segments 3 LLC Segments 3C), Series 2019, RB                           | CUSIP: 882667AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10940000 | PA      | $10424460.16  | 0.34%             | 2058-06-30      | 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: 64542UHG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2389076.00   | 0.08%             | 2060-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Clackamas (County of), OR Hospital Facility Authority (Willamette View)                                                                  | Clackamas (County of), OR Hospital Facility Authority (Willamette View), Series 2017 A, Ref. RB                                                        | CUSIP: 179027WQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2415000 | PA      | $2214379.67   | 0.07%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prince George's (County of), MD (Collington Episcopal Life Care Community, Inc.)                                                         | Prince George's (County of), MD (Collington Episcopal Life Care Community, Inc.), Series 2017, Ref. RB                                                 | CUSIP: 741724CE6<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   4035000 | PA      | $3488426.97   | 0.11%             | 2047-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (83rd/Stewart Redevelopment)                                                                                       | Chicago (City of), IL (83rd/Stewart Redevelopment), Series 2013, COP                                                                                   | CUSIP: 16752QAQ1<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1575243 | PA      | $1575885.08   | 0.05%             | 2029-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Tampa (City of), FL                                                                                                                      | Tampa (City of), FL, Series 2020 A, RB                                                                                                                 | CUSIP: 875146BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $421976.92    | 0.01%             | 2042-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (The Evergreens Obligated Group)                                                           | Wisconsin (State of) Public Finance Authority (The Evergreens Obligated Group), Series 2019 A, Ref. RB                                                 | CUSIP: 74446CAA8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1955000 | PA      | $1892278.32   | 0.06%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                                       | Greater Orlando Aviation Authority, Series 2024, RB                                                                                                    | CUSIP: 392275FK4<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10120027.00  | 0.33%             | 2051-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds)                                           | New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds), Series 2024, Ref. RB                                   | CUSIP: 650116HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9305000 | PA      | $9337844.79   | 0.31%             | 2054-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Collier (County of), FL Industrial Development Authority (The Arlington of Naples)                                                       | Collier (County of), FL Industrial Development Authority (The Arlington of Naples), Series 2014 A, RB                                                  | CUSIP: 194638AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1864234 | PA      | $186.42       | 0.00%             | 2035-05-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Clark County School District                                                                                                             | Clark County School District, Series 2025, GO Bonds                                                                                                    | CUSIP: 1810596L5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1946987.75   | 0.06%             | 2044-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ashland (City of), KY (King's Daughters Medical Center)                                                                                  | Ashland (City of), KY (King's Daughters Medical Center), Series 2019, Ref. RB                                                                          | CUSIP: 044293BZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $346985.59    | 0.01%             | 2037-02-01      | 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: 650116HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10048731.00  | 0.33%             | 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        |   8400000 | PA      | $8653092.84   | 0.28%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lower Alabama Gas District (The)                                                                                                         | Lower Alabama Gas District (The), Series 2016 A, RB                                                                                                    | CUSIP: 547804AE4<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |  21000000 | PA      | $21413338.80  | 0.70%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Explore Academy)                                                                          | Wisconsin (State of) Public Finance Authority (Explore Academy), Series 2022 A, RB                                                                     | CUSIP: 74443DHC8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2705000 | PA      | $2625536.84   | 0.09%             | 2050-02-01      | Fixed         | 6.12%                 | 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        |  25195000 | PA      | $4585495.04   | 0.15%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Turnpike Authority                                                                                                 | New Jersey (State of) Turnpike Authority, Series 2022 B, RB                                                                                            | CUSIP: 646140EU3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12367443.60  | 0.41%             | 2052-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                                                                           | Metropolitan Nashville Airport Authority (The), Series 2022 B, RB                                                                                      | CUSIP: 592190QZ8<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |  11250000 | PA      | $11609416.13  | 0.38%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority                                                                                                  | New York (State of) Dormitory Authority, Series 2021, RB                                                                                               | CUSIP: 64990KFV0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  10225000 | PA      | $9587552.03   | 0.32%             | 2040-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks)                                                          | Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks), Series 2020, Ref. RB                                                  | CUSIP: 87638RKG1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $418302.10    | 0.01%             | 2051-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Baltimore (City of), MD (East Baltimore Research Park)                                                                                   | Baltimore (City of), MD (East Baltimore Research Park), Series 2017, Ref. RB                                                                           | CUSIP: 05923TBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1650116.66   | 0.05%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (Medical Research Lutheran Services)                                       | Missouri (State of) Health & Educational Facilities Authority (Medical Research Lutheran Services), Series 2016 A, RB                                  | CUSIP: 60635HU72<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3202996.80   | 0.11%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                                                                                | Golden State Tobacco Securitization Corp., Series 2021 B-2, Ref. RB                                                                                    | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  82850000 | PA      | $8923085.85   | 0.29%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Jacinto River Authority (Groundwater Reduction Plan Division)                                                                        | San Jacinto River Authority (Groundwater Reduction Plan Division), Series 2011, RB                                                                     | CUSIP: 798055MV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251068.13   | 0.04%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) Health & Educational Facilities Authority (Duncaster, Inc.)                                                       | Connecticut (State of) Health & Educational Facilities Authority (Duncaster, Inc.), Series 2014 A, RB                                                  | CUSIP: 20774YTN7<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999977.50    | 0.03%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  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        |  10000000 | PA      | $8940658.00   | 0.29%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority                                                                                      | New Hampshire (State of) Business Finance Authority, Series 2020-1A, RB                                                                                | CUSIP: 63607WAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4582994 | PA      | $4503528.06   | 0.15%             | 2034-01-20      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated Group)                                 | Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated Group), Series 2017, Ref. RB                         | CUSIP: 717824AQ9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2797479.00   | 0.09%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science)                                                        | Arizona (State of) Industrial Development Authority (Academies of Math & Science), Series 2017 A, Ref. RB                                              | CUSIP: 04052BBM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $661868.96    | 0.02%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Highlands (County of), FL Health Facilities Authority (Trousdale Foundation Properties)                                                  | Highlands (County of), FL Health Facilities Authority (Trousdale Foundation Properties), Series 2018 A, RB                                             | CUSIP: 43102XAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4820051 | PA      | $60250.63     | 0.00%             | 2038-04-01      | Fixed         | 6.00%                 | 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 2018, Ref. RB                                                | CUSIP: 64542UEU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3260000 | PA      | $2977451.24   | 0.10%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Pennybyrn at Maryfield)                                                               | North Carolina (State of) Medical Care Commission (Pennybyrn at Maryfield), Series 2020, RB                                                            | CUSIP: 65820YRR9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $915921.20    | 0.03%             | 2045-10-01      | Fixed         | 5.00%                 | 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   | 0.16%             | 2038-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Akron, Bath & Copley Joint Township Hospital District (Summa Health Obligated Group)                                                     | Akron, Bath & Copley Joint Township Hospital District (Summa Health Obligated Group), Series 2016, Ref. RB                                             | CUSIP: 009730NX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5009542.50   | 0.16%             | 2046-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) Health & Educational Facilities Authority (Duncaster, Inc.)                                                       | Connecticut (State of) Health & Educational Facilities Authority (Duncaster, Inc.), Series 2014 A, RB                                                  | CUSIP: 20774YTP2<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4677989.50   | 0.15%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brooklyn Arena Local Development Corp. (Barclays Center)                                                                                 | Brooklyn Arena Local Development Corp. (Barclays Center), Series 2009, RB                                                                              | CUSIP: 113807AV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3215649.00   | 0.11%             | 2035-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Macon-Bibb (County of), GA Urban Development Authority (Academy for Classical Education, Inc.)                                           | Macon-Bibb (County of), GA Urban Development Authority (Academy for Classical Education, Inc.), Series 2017 A, RB                                      | CUSIP: 555542NE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1540728.97   | 0.05%             | 2052-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University)                                            | Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University), Series 2017 A, Ref. RB                                  | CUSIP: 71781XCQ4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3376715.30   | 0.11%             | 2047-09-01      | 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 2022, RB                                                                             | CUSIP: 64613CCL0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5826558.00   | 0.19%             | 2032-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                               | Miami-Dade (County of), FL, Series 2019, RB                                                                                                            | CUSIP: 59333P4D7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4892732.50   | 0.16%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Industrial Development Corp. (Energy Transfer L.P.)                                                                        | Harris County Industrial Development Corp. (Energy Transfer L.P.), Series 2023, Ref. RB                                                                | CUSIP: 414189AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8750000 | PA      | $8562782.38   | 0.28%             | 2033-06-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport)                                                         | New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2022, RB                                                      | CUSIP: 650116FN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7875000 | PA      | $8001559.91   | 0.26%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes)                                                          | Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes), Series 2022, Ref. RB                                                  | CUSIP: 928104QJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5016566.00   | 0.16%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp.                                                                                  | District of Columbia Tobacco Settlement Financing Corp., Series 2006 A, RB                                                                             | CUSIP: 254842BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $6300900.00   | 0.21%             | 2046-06-15      | None          | 0.00%                 | 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        |   7500000 | PA      | $7365511.50   | 0.24%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. III                                                                                       | Texas Municipal Gas Acquisition & Supply Corp. III, Series 2021, Ref. RB                                                                               | CUSIP: 88256HBH0<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5254865.00   | 0.17%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Paradise Schools)                                                             | Maricopa (County of), AZ Industrial Development Authority (Paradise Schools), Series 2016, Ref. RB                                                     | CUSIP: 56681NAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2498829.25   | 0.08%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake (County of), FL (Lakeside at Waterman Village)                                                                                      | Lake (County of), FL (Lakeside at Waterman Village), Series 2020 A, Ref. RB                                                                            | CUSIP: 50826FAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3570000 | PA      | $3637170.26   | 0.12%             | 2030-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Social Bonds)                                                                       | Arizona (State of) Industrial Development Authority (Social Bonds), Series 2020 A, RB                                                                  | CUSIP: 04052FBU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2098961.75   | 0.07%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway)                         | Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway), Series 2015 A, RB                    | CUSIP: 49126PEP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1700624.24   | 0.06%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Covanta)                                                                            | New Hampshire (State of) Business Finance Authority (Covanta), Series 2020 A, Ref. RB                                                                  | CUSIP: 63607YAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $595099.93    | 0.02%             | 2040-07-02      | Variable      | 3.62%                 | 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        |    369581 | PA      | $129268.86    | 0.00%             | 2061-11-15      | Variable      | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Tampa (City of), FL                                                                                                                      | Tampa (City of), FL, Series 2020 A, RB                                                                                                                 | CUSIP: 875146BC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $698408.88    | 0.02%             | 2049-09-01      | None          | 0.00%                 | 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        |  10000000 | PA      | $9989074.00   | 0.33%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) (Portsmouth Bypass)                                                                                                      | Ohio (State of) (Portsmouth Bypass), Series 2015, RB                                                                                                   | CUSIP: 67759YAG2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1040889.30   | 0.03%             | 2025-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Hmong College Prep Academy)                                                    | St. Paul (City of), MN Housing & Redevelopment Authority (Hmong College Prep Academy), Series 2016, Ref. RB                                            | CUSIP: 852297CD0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004818.00   | 0.07%             | 2046-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC)                                                     | West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC), Series 2018, RB                                                  | CUSIP: 95648VBD0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1040000.00   | 0.03%             | 2036-02-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                | New Jersey (State of) Transportation Trust Fund Authority, Series 2006 C, RB                                                                           | CUSIP: 646136EU1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   7410000 | PA      | $5843524.52   | 0.19%             | 2031-12-15      | None          | 0.00%                 | 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: 779719AA1<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |    145000 | PA      | $145847.48    | 0.00%             | 2036-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Muskingum (County of), OH (Genesis Healthcare System)                                                                                    | Muskingum (County of), OH (Genesis Healthcare System), Series 2013, RB                                                                                 | CUSIP: 628077CV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7740000 | PA      | $7307875.80   | 0.24%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte (County of) & Kansas City (City of), KS Unified Government                                                                     | Wyandotte (County of) & Kansas City (City of), KS Unified Government, Series 2014 A, Ref. RB                                                           | CUSIP: 982674KF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1159662.70   | 0.04%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Covanta Green Bonds)                                                                | New Hampshire (State of) Business Finance Authority (Covanta Green Bonds), Series 2020 B, Ref. RB                                                      | CUSIP: 63607YAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $984277.14    | 0.03%             | 2040-07-02      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Manatee (County of), FL                                                                                                                  | Manatee (County of), FL, Series 2023, Ref. RB                                                                                                          | CUSIP: 561851LP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4489205.50   | 0.15%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Sarasota-Manatee Jewish Housing Council, Inc.)                                                               | Capital Trust Agency, Inc. (Sarasota-Manatee Jewish Housing Council, Inc.), Series 2017, Ref. RB                                                       | CUSIP: 14054TAJ1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1766650.00   | 0.06%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (National Gypson Co.)                                            | Pennsylvania (Commonwealth of) Economic Development Financing Authority (National Gypson Co.), Series 2014, Ref. RB                                    | CUSIP: 708686DZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3302565.42   | 0.11%             | 2044-11-01      | 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 2015 A, RB                                                          | CUSIP: 187145DP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001125.60   | 0.07%             | 2030-08-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Spring Independent School District                                                                                                       | Spring Independent School District, Series 2023, GO Bonds                                                                                              | CUSIP: 850001AZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4361724.50   | 0.14%             | 2052-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Contra Costa Unified School District                                                                                                | West Contra Costa Unified School District, Series 2005, GO Bonds                                                                                       | CUSIP: 952347RR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7865000 | PA      | $7320600.43   | 0.24%             | 2027-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Convention Center Public Facilities District                                                                       | Washington (State of) Convention Center Public Facilities District, Series 2018, RB                                                                    | CUSIP: 93976ABJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16500000 | PA      | $15551088.30  | 0.51%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                       | Tobacco Settlement Financing Corp., Series 2018 A, Ref. RB                                                                                             | CUSIP: 888808HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4937274.50   | 0.16%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee)                                              | Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee), Series 2024 A-1, RB                                       | CUSIP: 499526AR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1267588.50   | 0.04%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hamilton (County of), OH (Life Enriching Communities)                                                                                    | Hamilton (County of), OH (Life Enriching Communities), Series 2016, Ref. RB                                                                            | CUSIP: 40727RBU1<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1590126.11   | 0.05%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford)                                                    | New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford), Series 2016 A, RB                                               | CUSIP: 64542UCX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $589032.54    | 0.02%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo)                                                                   | Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo), Series 2020, RB                                                                | CUSIP: 483228DY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2133657.04   | 0.07%             | 2055-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Explore Academy)                                                                          | Wisconsin (State of) Public Finance Authority (Explore Academy), Series 2020 A, RB                                                                     | CUSIP: 74443DFS5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2426559.00   | 0.08%             | 2050-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) High Performance Transportation Enterprise (C-470 Express Lanes)                                                     | Colorado (State of) High Performance Transportation Enterprise (C-470 Express Lanes), Series 2017, RB                                                  | CUSIP: 19648DAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6220000 | PA      | $5958865.74   | 0.20%             | 2051-12-31      | Fixed         | 5.00%                 | 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        |   5250000 | PA      | $5476116.45   | 0.18%             | 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        |   6250000 | PA      | $6347080.00   | 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        |   1120000 | PA      | $1120149.52   | 0.04%             | 2042-02-20      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Grande Innovations Academy)                                                 | Pima (County of), AZ Industrial Development Authority (The) (Grande Innovations Academy), Series 2018, RB                                              | CUSIP: 72177PBZ2<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4608674.50   | 0.15%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Infrastructure & Economic Development Bank (Brightline West Passenger Rail) (Green Bonds)                          | California (State of) Infrastructure & Economic Development Bank (Brightline West Passenger Rail) (Green Bonds), Series 2025 B, Ref. RB                | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9692717.00   | 0.32%             | 2035-01-01      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Alcoa, Inc.)                                                                                          | Iowa (State of) Finance Authority (Alcoa, Inc.), Series 2012, RB                                                                                       | CUSIP: 46246SAE5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4781126.50   | 0.16%             | 2042-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Ballston Quarter Community Development Authority                                                                                         | Ballston Quarter Community Development Authority, Series 2016 A-2, RB                                                                                  | CUSIP: 058696AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2293000 | PA      | $1943032.94   | 0.06%             | 2059-03-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                                                                                       | Board of Regents of the University of Texas System, Series 2019 B, RB                                                                                  | CUSIP: 91514AJV8<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16016986.50  | 0.53%             | 2049-08-15      | 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: 569498AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2471613.25   | 0.08%             | 2055-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center)                                 | California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center), Series 2016 A, RB                            | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   6150000 | PA      | $5971732.41   | 0.20%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Authority for Colorado Energy                                                                                                     | Public Authority for Colorado Energy, Series 2008, RB                                                                                                  | CUSIP: 744387AD3<br>LEI: 549300C6IJKXQOMRAB11 | Long             | DBT              | MUN               | US        |   7015000 | PA      | $8195397.21   | 0.27%             | 2038-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                                     | Chicago (City of), IL (O'Hare International Airport), Series 2024 A, RB                                                                                | CUSIP: 1675934T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10750000 | PA      | $11080428.13  | 0.36%             | 2059-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Jefferson (County of), AL                                                                                                                | Jefferson (County of), AL, Series 2024, Ref. RB                                                                                                        | CUSIP: 472682ZQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5113621.50   | 0.17%             | 2045-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights)                                                               | Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights), Series 2017 A, Ref. RB                                                     | CUSIP: 497609BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2409040.44   | 0.08%             | 2050-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                       | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 A-1, RB                                                                                | CUSIP: 709224ZC6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2517284.75   | 0.08%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                         | New York & New Jersey (States of) Port Authority, Ninety-Third Series 1994, RB                                                                         | CUSIP: 733580S88<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5256930.53   | 0.17%             | 2094-06-01      | Fixed         | 6.12%                 | 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        |  21475000 | PA      | $2067668.84   | 0.07%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.)                                                              | Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.), Series 2014, Ref. RB                                                      | CUSIP: 590743CC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    722476 | PA      | $7224.76      | 0.00%             | 2042-02-15      | Fixed         | 5.12%                 | 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: 779719AD5<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |    395000 | PA      | $397858.73    | 0.01%             | 2030-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Clovis Unified School District (Election of 2004)                                                                                        | Clovis Unified School District (Election of 2004), Series 2004 A, GO Bonds                                                                             | CUSIP: 189342US5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1385582.59   | 0.05%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (???????????Marshfield Clinic Health System)                              | Wisconsin (State of) Health & Educational Facilities Authority (???????????Marshfield Clinic Health System), Series 2024, RB                           | CUSIP: 97712JKM4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5238192.00   | 0.17%             | 2054-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Green Bonds)                                                                              | Wisconsin (State of) Public Finance Authority (Green Bonds), Series 2021, RB                                                                           | CUSIP: 74442PTG0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4225476.20   | 0.14%             | 2056-03-31      | Fixed         | 4.00%                 | 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: 82652UAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3860000 | PA      | $3454061.56   | 0.11%             | 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        |  15125000 | PA      | $14883373.59  | 0.49%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports                                                                                         | Los Angeles (City of), CA Department of Airports, Series 2021 A, Ref. RB                                                                               | CUSIP: 544445SX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9999743.00   | 0.33%             | 2046-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Public Energy Authority                                                                                       | Kentucky (Commonwealth of) Public Energy Authority, Series 2024 A, RB                                                                                  | CUSIP: 74440DEL4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   3575000 | PA      | $3707964.62   | 0.12%             | 2030-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Port Authority                                                                                           | Massachusetts (Commonwealth of) Port Authority, Series 2019 A, Ref. RB                                                                                 | CUSIP: 575896TN5<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014831.00   | 0.03%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District (Election of 2008)                                                                                 | Beverly Hills Unified School District (Election of 2008), Series 2009, GO Bonds                                                                        | CUSIP: 088023JA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $32867.82     | 0.00%             | 2031-08-01      | None          | 0.00%                 | 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: 179027YM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1145675.88   | 0.04%             | 2050-11-15      | 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 2017 A, Ref. RB                                              | CUSIP: 04052BBP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $932982.80    | 0.03%             | 2051-07-01      | Fixed         | 5.00%                 | 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        |  18945000 | PA      | $18602682.80  | 0.61%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL                                                                                                                      | Lee (County of), FL, Series 2024, RB                                                                                                                   | CUSIP: 523470HY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5009808.00   | 0.16%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (The Hearthstone)                                                                       | Washington (State of) Housing Finance Commission (The Hearthstone), Series 2018 A, Ref. RB                                                             | CUSIP: 939783WR3<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1373625.80   | 0.05%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Convention & Entertainment Facilities Department                                                                   | Houston (City of), TX Convention & Entertainment Facilities Department, Series 2001 B, RB                                                              | CUSIP: 44237NDM1<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   8750000 | PA      | $8382742.38   | 0.28%             | 2026-09-01      | None          | 0.00%                 | 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 E, RB                                       | CUSIP: 79766DSA8<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $14747782.50  | 0.49%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health, Inc.)                                               | Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health, Inc.), Series 2017 A, Ref. RB                                     | CUSIP: 49126KKF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8950000 | PA      | $8648489.72   | 0.28%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (The Hearthstone)                                                                       | Washington (State of) Housing Finance Commission (The Hearthstone), Series 2018 A, Ref. RB                                                             | CUSIP: 939783WS1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $987410.25    | 0.03%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Convention Center Public Facilities District                                                                       | Washington (State of) Convention Center Public Facilities District, Series 2018, RB                                                                    | CUSIP: 93976ACF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9521979.00   | 0.31%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Baltimore (City of), MD (Convention Center Hotel)                                                                                        | Baltimore (City of), MD (Convention Center Hotel), Series 2017, Ref. RB                                                                                | CUSIP: 05921PCE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7100000 | PA      | $6899683.44   | 0.23%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Magnolia Independent School District                                                                                                     | Magnolia Independent School District, Series 2023, GO Bonds                                                                                            | CUSIP: 559686YP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $348190.66    | 0.01%             | 2032-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Bayview Manor Homes)                                                                   | Washington (State of) Housing Finance Commission (Bayview Manor Homes), Series 2016 A, Ref. RB                                                         | CUSIP: 939783TC0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   7255000 | PA      | $6446290.23   | 0.21%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (Truman Medical Center, Inc.)                                              | Missouri (State of) Health & Educational Facilities Authority (Truman Medical Center, Inc.), Series 2017, RB                                           | CUSIP: 60637AMH2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |  15540000 | PA      | $15347184.34  | 0.50%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Water Development Board (Master Trust)                                                                                  | Texas (State of) Water Development Board (Master Trust), Series 2022, RB                                                                               | CUSIP: 88285ABH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16380000 | PA      | $16707034.89  | 0.55%             | 2047-10-15      | 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: 167593Y22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $14955138.00  | 0.49%             | 2053-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia (Georgetown University)                                                                                             | District of Columbia (Georgetown University), Series 2017, Ref. RB                                                                                     | CUSIP: 25484JDE7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1224636.57   | 0.04%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ballston Quarter Community Development Authority                                                                                         | Ballston Quarter Community Development Authority, Series 2016 A-1, RB                                                                                  | CUSIP: 058696AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $937534.86    | 0.03%             | 2046-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Clovis Unified School District (Election of 2012)                                                                                        | Clovis Unified School District (Election of 2012), Series 2015 D, GO Bonds                                                                             | CUSIP: 189342B80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3270000 | PA      | $2265644.68   | 0.07%             | 2025-08-01      | None          | 0.00%                 | 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: 79739GNU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $14902786.50  | 0.49%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                                                                     | District of Columbia, Series 2020 A, RB                                                                                                                | CUSIP: 25477GRY3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   6665000 | PA      | $6053259.64   | 0.20%             | 2045-03-01      | Fixed         | 4.00%                 | 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        |   3180000 | PA      | $1059769.66   | 0.03%             | 2046-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North East Texas Regional Mobility Authority                                                                                             | North East Texas Regional Mobility Authority, Series 2016, RB                                                                                          | CUSIP: 659231AL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3415535.96   | 0.11%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oakland University Board of Trustees                                                                                                     | Oakland University Board of Trustees, Series 2016, RB                                                                                                  | CUSIP: 673588HF9<br>LEI: 549300O12XLW6O082V10 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7072549.50   | 0.23%             | 2047-03-01      | Fixed         | 5.00%                 | 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        |  10000000 | PA      | $10094350.00  | 0.33%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Miami Beach (City of), FL Health Facilities Authority (Mt. Sinai Medical Center)                                                         | Miami Beach (City of), FL Health Facilities Authority (Mt. Sinai Medical Center), Series 2014, Ref. RB                                                 | CUSIP: 593211EW1<br>LEI: 549300MFT7I1HF5VL403 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1009957.28   | 0.03%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center)                                 | California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center), Series 2016 A, RB                            | CUSIP: 13080SMJ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   6475000 | PA      | $6262000.99   | 0.21%             | 2041-12-01      | Fixed         | 5.00%                 | 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        |   9520000 | PA      | $9762212.60   | 0.32%             | 2049-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Prince George's (County of), MD (Collington Episcopal Life Care Community, Inc.)                                                         | Prince George's (County of), MD (Collington Episcopal Life Care Community, Inc.), Series 2017, Ref. RB                                                 | CUSIP: 741724CC0<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1943290.40   | 0.06%             | 2037-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Park Place of Elmhurst)                                                                           | Illinois (State of) Finance Authority (Park Place of Elmhurst), Series 2016, RB                                                                        | CUSIP: 45204FHC2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    771928 | PA      | $554593.83    | 0.02%             | 2060-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Salt Lake City (City of), UT                                                                                                             | Salt Lake City (City of), UT, Series 2021 A, RB                                                                                                        | CUSIP: 795576KB2<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9858636.00   | 0.32%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing)                                   | California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing), Series 2016, Ref. RB                           | CUSIP: 13080SNN0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2793336.60   | 0.09%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science)                                                        | Arizona (State of) Industrial Development Authority (Academies of Math & Science), Series 2017 A, Ref. RB                                              | CUSIP: 04052BBN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $883721.23    | 0.03%             | 2047-07-01      | Fixed         | 5.00%                 | 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 2019, Ref. RB                                     | CUSIP: 613603B40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5535000 | PA      | $4592600.94   | 0.15%             | 2049-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tallahassee (City of), FL (Tallahassee Memorial Health Care, Inc.)                                                                       | Tallahassee (City of), FL (Tallahassee Memorial Health Care, Inc.), Series 2016, RB                                                                    | CUSIP: 874485DL6<br>LEI: 549300MPY4HDPK8B1G15 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4347466.65   | 0.14%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                                                                         | San Joaquin Hills Transportation Corridor Agency, Series 2014 B, Ref. RB                                                                               | CUSIP: 798111GC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1595247.54   | 0.05%             | 2044-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                                                                     | District of Columbia, Series 2023 A, GO Bonds                                                                                                          | CUSIP: 25476FA57<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   6820000 | PA      | $7067608.97   | 0.23%             | 2048-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                                            | Main Street Natural Gas, Inc., Series 2019 A, RB                                                                                                       | CUSIP: 56035DBV3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3007003.50   | 0.10%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                       | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 A, RB                                                                                  | CUSIP: 709224VC0<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10136967.00  | 0.33%             | 2046-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Caregroup)                                                                   | Massachusetts (Commonwealth of) Development Finance Agency (Caregroup), Series 2018 J-2, RB                                                            | CUSIP: 57584YJW0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9703950.00   | 0.32%             | 2053-07-01      | Fixed         | 5.00%                 | 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        |   5000000 | PA      | $5282199.00   | 0.17%             | 2050-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Patterson Joint Unified School District (Election of 2008)                                                                               | Patterson Joint Unified School District (Election of 2008), Series 2009 B, GO Bonds                                                                    | CUSIP: 703373FF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4770000 | PA      | $2770608.23   | 0.09%             | 2038-08-01      | 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: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20980550.00  | 0.69%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science)                                                        | Arizona (State of) Industrial Development Authority (Academies of Math & Science), Series 2018 A, Ref. RB                                              | CUSIP: 04052BFU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1709863.02   | 0.06%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority, A Cooperative District (No. 3)                                                                               | Southeast Energy Authority, A Cooperative District (No. 3), Series 2022 A-1, RB                                                                        | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   5445000 | PA      | $5745731.71   | 0.19%             | 2029-12-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Ward (County of), ND (Trinity Obligated Group)                                                                                           | Ward (County of), ND (Trinity Obligated Group), Series 2017 C, RB                                                                                      | CUSIP: 934023EV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6065000 | PA      | $5589456.09   | 0.18%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority (LCRA Transmission Services Corp.)                                                                        | Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2022, Ref. RB                                                                | CUSIP: 54811BZT1<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   4265000 | PA      | $4564754.44   | 0.15%             | 2052-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc.)                                                                             | Houston (City of), TX Airport System (United Airlines, Inc.), Series 2020 C, Ref. RB                                                                   | CUSIP: 442349DJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3875000 | PA      | $3888731.06   | 0.13%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Pennybyrn at Maryfield)                                                               | North Carolina (State of) Medical Care Commission (Pennybyrn at Maryfield), Series 2020, RB                                                            | CUSIP: 65820YRQ1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1000367.03   | 0.03%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cuyahoga (County of), OH (MetroHealth System)                                                                                            | Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB                                                                                    | CUSIP: 2322655T1<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4587314.50   | 0.15%             | 2052-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences)                                                    | Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences), Series 2015, Ref. RB                                            | CUSIP: 74442PAT2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1955000 | PA      | $1955880.73   | 0.06%             | 2035-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Good Samaritan Hospital)                                                                           | Indiana (State of) Finance Authority (Good Samaritan Hospital), Series 2016 A, RB                                                                      | CUSIP: 45471CAX6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   4555000 | PA      | $4557121.26   | 0.15%             | 2041-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Collier (County of), FL Industrial Development Authority (The Arlington of Naples)                                                       | Collier (County of), FL Industrial Development Authority (The Arlington of Naples), Series 2014 A, RB                                                  | CUSIP: 194638AG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745694 | PA      | $74.57        | 0.00%             | 2026-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| San Jacinto River Authority (Groundwater Reduction Plan Division)                                                                        | San Jacinto River Authority (Groundwater Reduction Plan Division), Series 2011, RB                                                                     | CUSIP: 798055MT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000664.40   | 0.03%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation)                                                             | Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation), Series 2002 B, RB                                                        | CUSIP: 546398DJ4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1034111.12   | 0.03%             | 2026-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc.)                                                                             | Houston (City of), TX Airport System (United Airlines, Inc.), Series 2018, RB                                                                          | CUSIP: 4423487V4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8250000 | PA      | $8286785.93   | 0.27%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport)                                                         | New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2020, Ref. RB                                                 | CUSIP: 650116ET9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2067622.20   | 0.07%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Green Bonds)                                                                           | Los Angeles (City of), CA Department of Airports (Green Bonds), Series 2022 G, RB                                                                      | CUSIP: 544445B81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10810000 | PA      | $11574344.83  | 0.38%             | 2037-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District (The)                                                                                                     | Black Belt Energy Gas District (The), Series 2024 A, RB                                                                                                | CUSIP: 09182TDL8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3895000 | PA      | $4107317.62   | 0.14%             | 2032-09-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                                   | New York (City of), NY, Series 2022 A-1, GO Bonds                                                                                                      | CUSIP: 64966QG61<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7837653.75   | 0.26%             | 2043-09-01      | 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        |   4450000 | PA      | $4330458.32   | 0.14%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund) (Green Bonds)                                            | Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund) (Green Bonds), Series 2021 A, RB                                       | CUSIP: 67766WE57<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   6540000 | PA      | $6026190.13   | 0.20%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus)                                                          | Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus), Series 2017, Ref. RB                                                  | CUSIP: 378286JK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $1981068.48   | 0.07%             | 2036-11-15      | 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        |   5000000 | PA      | $5025019.50   | 0.17%             | 2056-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tampa Bay (City of), FL Water                                                                                                            | Tampa Bay (City of), FL Water, Series 2001 A, Ref. RB                                                                                                  | CUSIP: 875128FC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3318581.40   | 0.11%             | 2029-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                                                                            | North Texas Tollway Authority, Series 2008 D, Ref. RB                                                                                                  | CUSIP: 66285WBU9<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2165000 | PA      | $1915656.08   | 0.06%             | 2029-01-01      | None          | 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        |   8720000 | PA      | $9072931.54   | 0.30%             | 2054-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights)                                                               | Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights), Series 2017 A, Ref. RB                                                     | CUSIP: 497609BE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1500062.16   | 0.05%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Caregroup)                                                                   | Massachusetts (Commonwealth of) Development Finance Agency (Caregroup), Series 2018 J-2, RB                                                            | CUSIP: 57584YJU4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4099256.67   | 0.13%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Christus Health)                                                             | Tarrant County Cultural Education Facilities Finance Corp. (Christus Health), Series 2018 B, RB                                                        | CUSIP: 87638TGQ0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   4080000 | PA      | $4001415.94   | 0.13%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby (County of), TN Health, Educational & Housing Facilities Board (The Village at Germantown, Inc.)                                  | Shelby (County of), TN Health, Educational & Housing Facilities Board (The Village at Germantown, Inc.), Series 2014, RB                               | CUSIP: 82169JAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1025489.50   | 0.03%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| El Segundo Unified School District (Election of 2008)                                                                                    | El Segundo Unified School District (Election of 2008), Series 2009 A, GO Bonds                                                                         | CUSIP: 284047HB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4185000 | PA      | $3159128.86   | 0.10%             | 2033-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy)                                              | Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy), Series 2017 A, RB                                         | CUSIP: 5742182L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4295000 | PA      | $3988362.34   | 0.13%             | 2047-07-01      | Fixed         | 5.25%                 | 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        |   6000000 | PA      | $5217084.00   | 0.17%             | 2048-12-15      | Variable      | 5.56%                 | 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: 97712JDM2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |  10170000 | PA      | $8835650.24   | 0.29%             | 2046-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tampa (City of), FL                                                                                                                      | Tampa (City of), FL, Series 2020 A, RB                                                                                                                 | CUSIP: 875146AY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $470523.20    | 0.02%             | 2040-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Sports Facilities Authority (The)                                                                                    | Illinois (State of) Sports Facilities Authority (The), Series 2014, Ref. RB                                                                            | CUSIP: 452143FE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2395000 | PA      | $2398726.38   | 0.08%             | 2032-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Educational Facilities Authority (Princeton University)                                                            | New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2024, RB                                                         | CUSIP: 646067GY8<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |  13225000 | PA      | $13780065.15  | 0.45%             | 2054-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Garden State Preservation Trust                                                                                                          | Garden State Preservation Trust, Series 2005 A, RB                                                                                                     | CUSIP: 365418BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4935000 | PA      | $5179515.43   | 0.17%             | 2028-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Patterson Joint Unified School District (Election of 2008)                                                                               | Patterson Joint Unified School District (Election of 2008), Series 2009 B, GO Bonds                                                                    | CUSIP: 703373FH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5260000 | PA      | $2730123.57   | 0.09%             | 2040-08-01      | None          | 0.00%                 | 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        |  25000000 | PA      | $3987015.00   | 0.13%             | 2060-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks)                                                          | Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks), Series 2020, Ref. RB                                                  | CUSIP: 87638RKH9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $419748.35    | 0.01%             | 2055-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport)                                                         | New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2022, RB                                                      | CUSIP: 650116FM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2756324.43   | 0.09%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                    | Children's Trust Fund, Series 2002, RB                                                                                                                 | CUSIP: 16876QBF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3920000 | PA      | $3957814.28   | 0.13%             | 2039-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                    | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JPV1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1582670 | PA      | $1509904.85   | 0.05%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Tulsa (City of), OK Airports Improvement Trust                                                                                           | Tulsa (City of), OK Airports Improvement Trust, Series 2001 C, Ref. RB                                                                                 | CUSIP: 899661EK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7501434.75   | 0.25%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                                            | Main Street Natural Gas, Inc., Series 2024 B, RB                                                                                                       | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   7565000 | PA      | $7970455.25   | 0.26%             | 2032-03-01      | Variable      | 5.00%                 | 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        |    500000 | PA      | $500867.90    | 0.02%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                                       | Greater Orlando Aviation Authority, Series 2017 A, RB                                                                                                  | CUSIP: 392274X43<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9858516.00   | 0.32%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion)                                                 | Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2020, Ref. RB                                         | CUSIP: 592250DN1<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   6645000 | PA      | $5455014.73   | 0.18%             | 2050-06-15      | 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 2017, RB                                                                        | CUSIP: 15200XAF0<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3492897.80   | 0.11%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                                                                                       | Tennessee Energy Acquisition Corp., Series 2021 A, RB                                                                                                  | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5186057.00   | 0.17%             | 2031-11-01      | Variable      | 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: 82706TAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1783205.00   | 0.06%             | 2041-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Medina Valley Independent School District                                                                                                | Medina Valley Independent School District, Series 2023, GO Bonds                                                                                       | CUSIP: 584887UR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4786013.65   | 0.16%             | 2053-02-15      | Fixed         | 4.00%                 | 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        |  11345000 | PA      | $10987078.86  | 0.36%             | 2057-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                                                                                       | Port of Seattle WA, Series 2024, RB                                                                                                                    | CUSIP: 7353892S6<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5041010.50   | 0.17%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                               | Miami-Dade (County of), FL, Series 2019 B, RB                                                                                                          | CUSIP: 59334DLV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $12833683.50  | 0.42%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake (County of), FL (Lakeside at Waterman Village)                                                                                      | Lake (County of), FL (Lakeside at Waterman Village), Series 2020 A, Ref. RB                                                                            | CUSIP: 50826FAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3847249.60   | 0.13%             | 2040-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| St. Louis (County of), MO Industrial Development Authority (Friendship Village West County)                                              | St. Louis (County of), MO Industrial Development Authority (Friendship Village West County), Series 2018 A, RB                                         | CUSIP: 791524CN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7041941.25   | 0.23%             | 2048-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Patterson Joint Unified School District (Election of 2008)                                                                               | Patterson Joint Unified School District (Election of 2008), Series 2009 B, GO Bonds                                                                    | CUSIP: 703373FJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5520000 | PA      | $2699381.02   | 0.09%             | 2041-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                    | Children's Trust Fund, Series 2008 B, RB                                                                                                               | CUSIP: 16876QBM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 260000000 | PA      | $14682174.00  | 0.48%             | 2057-05-15      | None          | 0.00%                 | 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: 340618DT1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  10900000 | PA      | $10247518.37  | 0.34%             | 2053-07-01      | Fixed         | 5.50%                 | 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        |   2000000 | PA      | $1815059.80   | 0.06%             | 2056-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds)                                                                     | Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds), Series 2024-145A, RB                                                             | CUSIP: 70879QWN9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   3975000 | PA      | $4280073.30   | 0.14%             | 2054-10-01      | Fixed         | 6.00%                 | 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        |    197186 | PA      | $1.97         | 0.00%             | 2036-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA Public Facilities Financing Authority                                                                            | San Diego (City of), CA Public Facilities Financing Authority, Series 2023 A, RB                                                                       | CUSIP: 79730CLN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9093791.00   | 0.30%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Atlanta (City of), GA Department of Aviation                                                                                             | Atlanta (City of), GA Department of Aviation, Series 2022 B, RB                                                                                        | CUSIP: 04780MF61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10215000 | PA      | $10138463.09  | 0.33%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yuma Industrial Development Authority                                                                                                    | Yuma Industrial Development Authority, Series 2024, RB                                                                                                 | CUSIP: 988514DE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10990000 | PA      | $11082777.58  | 0.36%             | 2054-08-01      | 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        |   6000000 | PA      | $5193330.60   | 0.17%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes)                                                           | South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes), Series 2017, Ref. RB                                                   | CUSIP: 837033KT5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2860000 | PA      | $2580400.68   | 0.08%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Public Energy Authority                                                                                       | Kentucky (Commonwealth of) Public Energy Authority, Series 2020 A, RB                                                                                  | CUSIP: 74440DCZ5<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6015715.80   | 0.20%             | 2026-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Hospital Finance Authority (Vandalia Health Group)                                                              | West Virginia (State of) Hospital Finance Authority (Vandalia Health Group), Series 2023 B, RB                                                         | CUSIP: 956622X25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4256048.00   | 0.14%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                               | Miami-Dade (County of), FL, Series 2021, RB                                                                                                            | CUSIP: 59334DMT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4300472.50   | 0.14%             | 2051-10-01      | Fixed         | 4.00%                 | 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        |  11000000 | PA      | $11610320.70  | 0.38%             | 2053-07-01      | Fixed         | 5.50%                 | 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        |    310000 | PA      | $310000.00    | 0.01%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Development Finance Authority (OU Medicine)                                                                          | Oklahoma (State of) Development Finance Authority (OU Medicine), Series 2018 B, RB                                                                     | CUSIP: 67884XCG0<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8510821.35   | 0.28%             | 2043-08-15      | Fixed         | 5.25%                 | 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    | 0.03%             | 2047-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp.                                                                                                       | Grand Parkway Transportation Corp., Series 2020, Ref. RB                                                                                               | CUSIP: 38611TCC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10300000 | PA      | $8858725.12   | 0.29%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Public Service Authority (Santee Cooper)                                                                       | South Carolina (State of) Public Service Authority (Santee Cooper), Series 2024 A, RB                                                                  | CUSIP: 8371514F3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   6090000 | PA      | $6349731.19   | 0.21%             | 2054-12-01      | Fixed         | 5.50%                 | 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        |   3000000 | PA      | $2699729.70   | 0.09%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                            | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2025 A, RB                                       | CUSIP: 79766DXQ7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10383948.00  | 0.34%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                                            | Main Street Natural Gas, Inc., Series 2023 B, RB                                                                                                       | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5205078.00   | 0.17%             | 2030-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) (Rail Enhancement Program) (Sustainability Bonds)                                                        | Massachusetts (Commonwealth of) (Rail Enhancement Program) (Sustainability Bonds), Series 2021, RB                                                     | CUSIP: 57604THK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9045329.00   | 0.30%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Renaissance Charter School, Inc.)                                                                     | Florida Development Finance Corp. (Renaissance Charter School, Inc.), Series 2015, RB                                                                  | CUSIP: 34061UBU1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2935000 | PA      | $2936262.64   | 0.10%             | 2035-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes)                                                           | South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes), Series 2013, RB                                                        | CUSIP: 837033KK4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1237826.83   | 0.04%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of) Waterworks Authority                                                                                                 | Guam (Territory of) Waterworks Authority, Series 2020 A, RB                                                                                            | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1915435.60   | 0.06%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community Improvement District)                          | Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community Improvement District), Series 2016 A, Ref. RB                | CUSIP: 48503VAJ1<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $989601.45    | 0.03%             | 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        |   2500000 | PA      | $2436372.50   | 0.08%             | 2046-09-01      | Fixed         | 5.88%                 | 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        |   3000000 | PA      | $2692500.00   | 0.09%             | 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        |   2015000 | PA      | $1665717.89   | 0.05%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Longhorn Village)                                                                  | New Hope Cultural Education Facilities Finance Corp. (Longhorn Village), Series 2017, Ref. RB                                                          | CUSIP: 64542UDX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2747480.40   | 0.09%             | 2047-01-01      | Fixed         | 5.00%                 | 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: 179027YL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974051.80    | 0.03%             | 2040-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Kaizen Education Foundation)                                                        | Arizona (State of) Industrial Development Authority (Kaizen Education Foundation), Series 2016, RB                                                     | CUSIP: 04052BAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5565000 | PA      | $5600929.31   | 0.18%             | 2036-07-01      | 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 2025, RB                                                       | CUSIP: 340618DZ7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5091256.50   | 0.17%             | 2025-08-13      | Variable      | 8.25%                 | No            |                  2 | On Loan: No      |
| Love Field Airport Modernization Corp. (Southwest Airlines Co.)                                                                          | Love Field Airport Modernization Corp. (Southwest Airlines Co.), Series 2012, RB                                                                       | CUSIP: 54714FAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1395114.81   | 0.05%             | 2028-11-01      | Fixed         | 5.00%                 | 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, Ref. RB                                                   | CUSIP: 939783TH9<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1848474.19   | 0.06%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Public Facilities Authority (Provident Group-Flagship Properties LLC- Louisiana State University Nicholson Gateway) | Louisiana (State of) Public Facilities Authority (Provident Group-Flagship Properties LLC- Louisiana State University Nicholson Gateway), Series 2016, | CUSIP: 54639TBT8<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |  12400000 | PA      | $11951868.96  | 0.39%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission (Central Texas Turnpike System)                                                               | Texas (State of) Transportation Commission (Central Texas Turnpike System), Series 2002 A, RB                                                          | CUSIP: 882762FG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $902456.57    | 0.03%             | 2027-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL                                                                                                                    | Chicago (City of), IL, Series 2019 A, GO Bonds                                                                                                         | CUSIP: 167486E21<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   5765000 | PA      | $5462313.86   | 0.18%             | 2044-01-01      | 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 2019 BB, RB                                                                          | CUSIP: 6461365Q0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6930000 | PA      | $5850613.69   | 0.19%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Christian (County of), KY (Jennie Stuart Medical Center, Inc.)                                                                           | Christian (County of), KY (Jennie Stuart Medical Center, Inc.), Series 2016, Ref. RB                                                                   | CUSIP: 170692CN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3012722.10   | 0.10%             | 2036-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Tuscarawas (County of), OH Economic Development and Finance Alliance (Ashland University)                                                | Tuscarawas (County of), OH Economic Development and Finance Alliance (Ashland University), Series 2015, Ref. RB                                        | CUSIP: 90069GAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2856130.50   | 0.09%             | 2045-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University)                                                | Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University), Series 2022, RB                                             | CUSIP: 71780TBK8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8143708.00   | 0.27%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                       | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2014 A-2, RB                                                                                | CUSIP: 709224DQ9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5695801.10   | 0.19%             | 2040-12-01      | Variable      | 5.12%                 | 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        |   5000000 | PA      | $5017856.50   | 0.17%             | 2049-10-01      | Fixed         | 5.75%                 | 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        |   5530000 | PA      | $4711082.76   | 0.15%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia (Ingleside at Rock Creek)                                                                                           | District of Columbia (Ingleside at Rock Creek), Series 2017 A, RB                                                                                      | CUSIP: 25483VSG0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1950614.78   | 0.06%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (95 Express Lanes LLC)                                                     | Virginia (Commonwealth of) Small Business Financing Authority (95 Express Lanes LLC), Series 2022, Ref. RB                                             | CUSIP: 928104PR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $4802796.60   | 0.16%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.)                                       | Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.), Series 2019, Ref. RB                               | CUSIP: 888804CT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3710716.62   | 0.12%             | 2048-06-01      | Fixed         | 5.00%                 | 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        |   5000000 | PA      | $5107585.00   | 0.17%             | 2028-07-15      | Variable      | 10.00%                | No            |                  2 | On Loan: No      |
| Omaha (City of), NE Public Power District                                                                                                | Omaha (City of), NE Public Power District, Series 2021 A, RB                                                                                           | CUSIP: 682001HD7<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4391554.00   | 0.14%             | 2051-02-01      | Fixed         | 4.00%                 | 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        |  21500000 | PA      | $22192671.95  | 0.73%             | 2064-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Miami Beach (City of), FL Health Facilities Authority (Mt. Sinai Medical Center)                                                         | Miami Beach (City of), FL Health Facilities Authority (Mt. Sinai Medical Center), Series 2014, Ref. RB                                                 | CUSIP: 593211EZ4<br>LEI: 549300MFT7I1HF5VL403 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1029550.93   | 0.03%             | 2044-11-15      | Fixed         | 5.00%                 | 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        |   1025000 | PA      | $980421.01    | 0.03%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp.                                                                                                               | Salt Verde Financial Corp., Series 2007, RB                                                                                                            | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   3180000 | PA      | $3291610.05   | 0.11%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) Health & Educational Facilities Authority (Church Home of Hartford, Inc.)                                         | Connecticut (State of) Health & Educational Facilities Authority (Church Home of Hartford, Inc.), Series 2016 A, RB                                    | CUSIP: 20774YJ32<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   3990000 | PA      | $3676145.40   | 0.12%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Rush University Medical Center)                                                                   | Illinois (State of) Finance Authority (Rush University Medical Center), Series 2015 A, Ref. RB                                                         | CUSIP: 45203HS52<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   6750000 | PA      | $6682604.63   | 0.22%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo)                                                                   | Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo), Series 2019, Ref. RB                                                           | CUSIP: 483228DV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1209845.10   | 0.04%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)                                              | California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2006 C, RB                                         | CUSIP: 130923BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  45000000 | PA      | $2861028.00   | 0.09%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                                    | California (State of), Series 2022, GO Bonds                                                                                                           | CUSIP: 13063DP51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2190000 | PA      | $1973754.36   | 0.06%             | 2049-04-01      | Fixed         | 4.00%                 | 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        |   4974913 | PA      | $4388278.07   | 0.14%             | 2041-10-20      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| Broward (County of), FL                                                                                                                  | Broward (County of), FL, Series 2022 A, RB                                                                                                             | CUSIP: 115117NJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5005000 | PA      | $4526901.88   | 0.15%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                                                                                      | Columbus Regional Airport Authority, Series 2025, RB                                                                                                   | CUSIP: 199546DC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  29000000 | PA      | $29958287.60  | 0.99%             | 2050-01-01      | Fixed         | 5.50%                 | 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        |   1000000 | PA      | $1045028.30   | 0.03%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Philadelphia School District (The)                                                                                                       | Philadelphia School District (The), Series 2007 A, Ref. GO Bonds                                                                                       | CUSIP: 717883ES7<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2406328.45   | 0.08%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                                                                                       | New York Counties Tobacco Trust VI, Series 2016 A-1, Ref. RB                                                                                           | CUSIP: 64945JBC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9684379.00   | 0.32%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District (Election of 2008)                                                                                         | Menifee Union School District (Election of 2008), Series 2009 C, GO Bonds                                                                              | CUSIP: 586807DX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3260000 | PA      | $2236985.59   | 0.07%             | 2035-08-01      | 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 2024, RB                      | CUSIP: 650116HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10016687.00  | 0.33%             | 2060-06-30      | Fixed         | 5.50%                 | 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        |   8750000 | PA      | $7291999.75   | 0.24%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Burleigh (County of), ND (University of Mary)                                                                                            | Burleigh (County of), ND (University of Mary), Series 2016, RB                                                                                         | CUSIP: 12139LAC6<br>LEI: 549300O9YPNGKFXM8354 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1380735.47   | 0.05%             | 2046-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Turnpike Authority (Senior Bonds)                                                                                    | Oklahoma (State of) Turnpike Authority (Senior Bonds), Series 2025 A, RB                                                                               | CUSIP: 679111E91<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13833388.40  | 0.45%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North)                                                        | New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North), Series 2020, RB                                                     | CUSIP: 64542UFL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4285194.00   | 0.14%             | 2055-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tulsa (City of), OK Airports Improvement Trust (American Airlines Group, Inc.)                                                           | Tulsa (City of), OK Airports Improvement Trust (American Airlines Group, Inc.), Series 2015, Ref. RB                                                   | CUSIP: 899661EL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.16%             | 2025-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (WhiteStone)                                                                               | Wisconsin (State of) Public Finance Authority (WhiteStone), Series 2017, Ref. RB                                                                       | CUSIP: 74444VAD2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $887439.05    | 0.03%             | 2052-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Patterson Joint Unified School District (Election of 2008)                                                                               | Patterson Joint Unified School District (Election of 2008), Series 2009 B, GO Bonds                                                                    | CUSIP: 703373FE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $720174.31    | 0.02%             | 2037-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes)               | Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes), Series 2019 A, Ref. RB     | CUSIP: 882667AX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1891154.00   | 0.06%             | 2038-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| El Paso (City of), TX                                                                                                                    | El Paso (City of), TX, Series 2022 A, RB                                                                                                               | CUSIP: 283822XE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8711090.00   | 0.29%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (Diversey/Narragansett)                                                                                            | Chicago (City of), IL (Diversey/Narragansett), Series 2006, COP                                                                                        | CUSIP: 16752QAB4<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    210275 | PA      | $147192.76    | 0.00%             | 2026-02-15      | Fixed         | 7.46%                 | No            |                  3 | On Loan: No      |
| Patterson Joint Unified School District (Election of 2008)                                                                               | Patterson Joint Unified School District (Election of 2008), Series 2009 B, GO Bonds                                                                    | CUSIP: 703373FG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5010000 | PA      | $2752024.06   | 0.09%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rockland Tobacco Asset Securitization Corp.                                                                                              | Rockland Tobacco Asset Securitization Corp., Series 2001, RB                                                                                           | CUSIP: 773684AK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $283517.11    | 0.01%             | 2035-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Pennybyrn at Maryfield)                                                               | North Carolina (State of) Medical Care Commission (Pennybyrn at Maryfield), Series 2015, Ref. RB                                                       | CUSIP: 65821DTH4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1800275.46   | 0.06%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland (City of), OH                                                                                                                  | Cleveland (City of), OH, Series 2008 B-2, RB                                                                                                           | CUSIP: 186398HH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2895000 | PA      | $2849921.96   | 0.09%             | 2025-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Housing Finance Agency (Covenant House Apartments)                                                                       | Ohio (State of) Housing Finance Agency (Covenant House Apartments), Series 2008 C, RB                                                                  | CUSIP: 676900RD7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   2845000 | PA      | $2846019.65   | 0.09%             | 2049-09-20      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks)                                                          | Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks), Series 2020, Ref. RB                                                  | CUSIP: 87638RKF3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $444234.25    | 0.01%             | 2041-11-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| San Antonio (City of), TX                                                                                                                | San Antonio (City of), TX, Series 2024 D, Ref. RB                                                                                                      | CUSIP: 79625GLS0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5189560.50   | 0.17%             | 2049-02-01      | Fixed         | 5.25%                 | 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: 939783SF4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    820000 | PA      | $821925.77    | 0.03%             | 2025-07-01      | Fixed         | 6.75%                 | 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 A, Ref. RB                                              | CUSIP: 04052BFT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502966.15    | 0.02%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Higher Educational Facility Commission (Xavier University)                                                               | Ohio (State of) Higher Educational Facility Commission (Xavier University), Series 2024, Ref. RB                                                       | CUSIP: 67756DS80<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1195199.39   | 0.04%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Portland (Port of), OR (Green Bonds)                                                                                                     | Portland (Port of), OR (Green Bonds), Twenty Ninth Series 2023, RB                                                                                     | CUSIP: 7352403K7<br>LEI: 549300BRH7XZ3ZK0DS46 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5157465.00   | 0.17%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Anchorage (City of), AK Municipality                                                                                                     | Anchorage (City of), AK Municipality, Series 2024 A, RB                                                                                                | CUSIP: 033252CA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14120000 | PA      | $14303581.18  | 0.47%             | 2050-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes)                                                          | Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes), Series 2022, Ref. RB                                                  | CUSIP: 928104QL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4856262.50   | 0.16%             | 2057-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center)                                                         | Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center), Series 2018 A-1, RB                                                  | CUSIP: 74442PJU0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $2362500.00   | 0.08%             | 2038-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Health Care Facilities Financing Authority (RWJ Barnabas Health Obligated Group)                                   | New Jersey (State of) Health Care Facilities Financing Authority (RWJ Barnabas Health Obligated Group), Series 2024, RB                                | CUSIP: 645790TM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5189093.00   | 0.17%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                               | Metropolitan Washington Airports Authority, Series 2024 A, Ref. RB                                                                                     | CUSIP: 592647NF4<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5332713.23   | 0.18%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Harris (County of), TX Port Authority of Houston                                                                                         | Harris (County of), TX Port Authority of Houston, Series 2021, RB                                                                                      | CUSIP: 734262FX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7065000 | PA      | $6272244.12   | 0.21%             | 2046-10-01      | 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 2007, RB                                                 | CUSIP: 87638RBX4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $975000.00    | 0.03%             | 2029-02-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Plant Bonds)                                                                | California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB                                                             | CUSIP: 13054WAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3160000 | PA      | $3161722.52   | 0.10%             | 2030-07-01      | Fixed         | 5.00%                 | 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        |  15000000 | PA      | $12783157.50  | 0.42%             | 2047-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida (State of) North Broward Hospital District                                                                                       | Florida (State of) North Broward Hospital District, Series 2017 B, Ref. RB                                                                             | CUSIP: 657883DP6<br>LEI: 549300HZL14T4Q7UDP41 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4893091.00   | 0.16%             | 2048-01-01      | Fixed         | 5.00%                 | 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        |  11470000 | PA      | $11608191.71  | 0.38%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | 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        |   8765000 | PA      | $9047825.51   | 0.30%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Caregroup)                                                                   | Massachusetts (Commonwealth of) Development Finance Agency (Caregroup), Series 2016 I, Ref. RB                                                         | CUSIP: 57584XMS7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3014721.30   | 0.10%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Torrance Unified School District (Election of 2008-Measure Z)                                                                            | Torrance Unified School District (Election of 2008-Measure Z), Series 2009 B-1, GO Bonds                                                               | CUSIP: 891381D85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1205380.63   | 0.04%             | 2026-08-01      | 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 2019 B, RB                                      | CUSIP: 48504NBD0<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |  11975000 | PA      | $11834276.99  | 0.39%             | 2049-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo Foster City School District (Election of 2008)                                                                                 | San Mateo Foster City School District (Election of 2008), Series 2010, GO Bonds                                                                        | CUSIP: 799055LS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4915000 | PA      | $5226306.76   | 0.17%             | 2042-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Enterprise Development Authority (Riverside County-Mead Valley Wellness Village)                                   | California (State of) Enterprise Development Authority (Riverside County-Mead Valley Wellness Village), Series 2024, RB                                | CUSIP: 13067VBT0<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10805231.00  | 0.36%             | 2059-11-01      | Fixed         | 5.50%                 | 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        |   5000000 | PA      | $4112430.00   | 0.14%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Davie (Town of), FL (Nova Southeastern University)                                                                                       | Davie (Town of), FL (Nova Southeastern University), Series 2018, Ref. RB                                                                               | CUSIP: 23867PBU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4914741.50   | 0.16%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (San Diego County Water Authority)                                           | California (State of) Pollution Control Financing Authority (San Diego County Water Authority), Series 2019, Ref. RB                                   | CUSIP: 13054WAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5196120.83   | 0.17%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                      | Illinois (State of), Series 2018 A, GO Bonds                                                                                                           | CUSIP: 452152W98<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  10235000 | PA      | $10930818.29  | 0.36%             | 2028-05-01      | Fixed         | 6.00%                 | 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        |   2000000 | PA      | $2002984.00   | 0.07%             | 2026-10-01      | Fixed         | 5.15%                 | 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        |   9015000 | PA      | $9014918.87   | 0.30%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Middlesex (County of), NJ Improvement Authority (New Jersey Health + Life Science Exchange - H-1)                                        | Middlesex (County of), NJ Improvement Authority (New Jersey Health + Life Science Exchange - H-1), Series 2023, RB                                     | CUSIP: 596564RX4<br>LEI: 549300QDGS1CLXDHV188 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10240655.00  | 0.34%             | 2053-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tampa (City of), FL                                                                                                                      | Tampa (City of), FL, Series 2020 A, RB                                                                                                                 | CUSIP: 875146BB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $662365.08    | 0.02%             | 2045-09-01      | None          | 0.00%                 | 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 2019 A, RB                                            | CUSIP: 60635H2S7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3105000 | PA      | $3081959.97   | 0.10%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Corona-Norco Unified School District (Election of 2006)                                                                                  | Corona-Norco Unified School District (Election of 2006), Series 2009 C, GO Bonds                                                                       | CUSIP: 219764LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $513945.40    | 0.02%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Macon-Bibb (County of), GA Urban Development Authority (Academy for Classical Education, Inc.)                                           | Macon-Bibb (County of), GA Urban Development Authority (Academy for Classical Education, Inc.), Series 2017 A, RB                                      | CUSIP: 555542ND7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1692657.96   | 0.06%             | 2047-06-15      | Fixed         | 5.88%                 | 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: 378286JH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2440000 | PA      | $2139707.25   | 0.07%             | 2031-11-15      | 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: 340618DR5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9794656.00   | 0.32%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Public Energy Authority                                                                                       | Kentucky (Commonwealth of) Public Energy Authority, Series 2023 A-1, Ref. RB                                                                           | CUSIP: 74440DEC4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5292759.50   | 0.17%             | 2032-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                       | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2020 B, RB                                                                                  | CUSIP: 709225AW6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2049444.00   | 0.07%             | 2045-12-01      | 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 2014, RN                                                                             | CUSIP: 6461365V9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3136525.80   | 0.10%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (International Charter School)                                                | Massachusetts (Commonwealth of) Development Finance Agency (International Charter School), Series 2015, Ref. RB                                        | CUSIP: 57584XCG4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1897988.00   | 0.06%             | 2040-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                               | Metropolitan Washington Airports Authority, Series 2010 A, RB                                                                                          | CUSIP: 592643CK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17565000 | PA      | $9518974.10   | 0.31%             | 2037-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| El Segundo Unified School District (Election of 2008)                                                                                    | El Segundo Unified School District (Election of 2008), Series 2009 A, GO Bonds                                                                         | CUSIP: 284047HA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5030000 | PA      | $3955941.08   | 0.13%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project (No. 3)                                                                                                    | Central Plains Energy Project (No. 3), Series 2017 A, Ref. RB                                                                                          | CUSIP: 154871CL9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   8140000 | PA      | $8626782.58   | 0.28%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                                                                           | Washington Metropolitan Area Transit Authority, Series 2020 A, RB                                                                                      | CUSIP: 93878YAU3<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4434223.00   | 0.15%             | 2045-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Baptist Healthcare System)                                            | Kentucky (Commonwealth of) Economic Development Finance Authority (Baptist Healthcare System), Series 2017 B, RB                                       | CUSIP: 49126KLD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4925397.00   | 0.16%             | 2046-08-15      | 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: 2322655V6<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6791681.40   | 0.22%             | 2057-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Port Authority (Bosfuel)                                                                                 | Massachusetts (Commonwealth of) Port Authority (Bosfuel), Series 2019 A, Ref. RB                                                                       | CUSIP: 575898DR9<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6711927.00   | 0.22%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                                                                       | South Carolina Jobs-Economic Development Authority Series 2024, RB                                                                                     | CUSIP: 837032CF6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5158693.50   | 0.17%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tampa (City of), FL                                                                                                                      | Tampa (City of), FL, Series 2020 A, RB                                                                                                                 | CUSIP: 875146AZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $440405.70    | 0.01%             | 2041-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hamilton (County of), OH (Cincinnati Children's Hospital)                                                                                | Hamilton (County of), OH (Cincinnati Children's Hospital), Series 2019 CC, RB                                                                          | CUSIP: 407272W25<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10205670.00  | 0.34%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport)                                                         | New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2022, RB                                                      | CUSIP: 650116FL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1312520.70   | 0.04%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Froedtert Health)                                                        | Wisconsin (State of) Health & Educational Facilities Authority (Froedtert Health), Series 2022 A, Ref. RB                                              | CUSIP: 97712D8T6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   9460000 | PA      | $8564359.36   | 0.28%             | 2042-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Universal Academy)                                                                             | Arlington Higher Education Finance Corp. (Universal Academy), Series 2014 A, RB                                                                        | CUSIP: 041806AM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000489.80   | 0.03%             | 2034-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Lake (County of), FL (Lakeside at Waterman Village)                                                                                      | Lake (County of), FL (Lakeside at Waterman Village), Series 2020 A, Ref. RB                                                                            | CUSIP: 50826FAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2789980.20   | 0.09%             | 2050-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                 | Chicago (City of), IL Board of Education, Series 2023, RB                                                                                              | CUSIP: 167510BJ4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5211504.50   | 0.17%             | 2048-04-01      | Fixed         | 5.75%                 | 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        |   8215000 | PA      | $8178080.97   | 0.27%             | 2060-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Renaissance Charter School, Inc.)                                                                     | Florida Development Finance Corp. (Renaissance Charter School, Inc.), Series 2020 C, Ref. RB                                                           | CUSIP: 34061UFC7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   4400000 | PA      | $3754457.52   | 0.12%             | 2050-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment)                          | New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment), Series 2020, RB                       | CUSIP: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4165000 | PA      | $3693536.99   | 0.12%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Rockland Tobacco Asset Securitization Corp.                                                                                              | Rockland Tobacco Asset Securitization Corp., Series 2005 A, RB                                                                                         | CUSIP: 773684AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  53370000 | PA      | $15883168.18  | 0.52%             | 2045-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway)                         | Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway), Series 2015 A, RB                    | CUSIP: 49126PEQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4175000 | PA      | $4173827.24   | 0.14%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                                                                       | South Carolina Jobs-Economic Development Authority  Series 2024, RB                                                                                    | CUSIP: 837032CC3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2595177.25   | 0.09%             | 2049-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Public Service Authority                                                                                       | South Carolina (State of) Public Service Authority, Series 2021 B, RB                                                                                  | CUSIP: 837151YT0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3383427.30   | 0.11%             | 2040-12-01      | Fixed         | 5.00%                 | 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        |  10000000 | PA      | $10243782.00  | 0.34%             | 2053-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                                   | New York (City of), NY, Series 2018 E-1, GO Bonds                                                                                                      | CUSIP: 64966MXL8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2695000 | PA      | $2731941.44   | 0.09%             | 2041-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                    | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JQG3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |  21000000 | PA      | $6741720.30   | 0.22%             | 2046-07-01      | None          | 0.00%                 | 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        |  10000000 | PA      | $10463546.00  | 0.34%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Northern Indiana Commuter Transportation District                                                                                        | Northern Indiana Commuter Transportation District, Series 2016, RB                                                                                     | CUSIP: 66528PBC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1515146.10   | 0.05%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA (1998 General Ordinance)                                                                                      | Philadelphia (City of), PA (1998 General Ordinance), Series 2024, RB                                                                                   | CUSIP: 71783MDF9<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10335534.00  | 0.34%             | 2054-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                                            | Main Street Natural Gas, Inc., Series 2023 E-1, RB                                                                                                     | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5236395.00   | 0.17%             | 2031-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                                                                           | Buckeye Tobacco Settlement Financing Authority, Series 2020 A-2, Ref. RB                                                                               | CUSIP: 118217CX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4040000 | PA      | $3379693.51   | 0.11%             | 2048-06-01      | Fixed         | 4.00%                 | 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        |   2000000 | PA      | $1855899.60   | 0.06%             | 2034-10-01      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.)                                          | California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.), Series 2020, Ref. RB                                  | CUSIP: 13016NHB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $2016365.00   | 0.07%             | 2055-06-01      | None          | 0.00%                 | 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        |   3600000 | PA      | $3464577.00   | 0.11%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                                     | Chicago (City of), IL (O'Hare International Airport), Series 2022, RB                                                                                  | CUSIP: 167593X64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4919286.00   | 0.16%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp.                                                                                                         | Onondaga Civic Development Corp., Series 2025, RB                                                                                                      | CUSIP: 682832LL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5306577.50   | 0.17%             | 2056-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                                                                                   | M-S-R Energy Authority, Series 2009 B, RB                                                                                                              | CUSIP: 55374SAF7<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   9015000 | PA      | $10641549.41  | 0.35%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Mater Academy)                                                                                        | Florida Development Finance Corp. (Mater Academy), Series 2020 A, RB                                                                                   | CUSIP: 34061UFX1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   9405000 | PA      | $8854914.72   | 0.29%             | 2050-06-15      | 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 2019, RB                                                                                      | CUSIP: 73358W4C5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6453166.85   | 0.21%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                                                                             | Salt River Project Agricultural Improvement & Power District, Series 2023 B, RB                                                                        | CUSIP: 79574CFR9<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |  12280000 | PA      | $12755851.23  | 0.42%             | 2053-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                       | Tobacco Settlement Financing Corp., Series 2007 B-2, RB                                                                                                | CUSIP: 88880NAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3581604.00   | 0.12%             | 2046-06-01      | Variable      | 5.20%                 | 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   | 0.16%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Municipal Water Finance Authority                                                                                 | New York (City of), NY Municipal Water Finance Authority, Series 2024 AA, RB                                                                           | CUSIP: 64972GK37<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5205261.50   | 0.17%             | 2053-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp.                                                                                                        | Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB                                                                                              | CUSIP: 44420RBF6<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4505618.00   | 0.15%             | 2044-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Tobacco Settlement Authority                                                                                             | Iowa (State of) Tobacco Settlement Authority, Series 2021 A-2, Ref. RB                                                                                 | CUSIP: 888805CA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974755.10    | 0.03%             | 2036-06-01      | Fixed         | 4.00%                 | 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        |   9000000 | PA      | $7620746.40   | 0.25%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hawaii (State of)                                                                                                                        | Hawaii (State of), Series 2025 A, RB                                                                                                                   | CUSIP: 419794J37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5067831.50   | 0.17%             | 2051-07-01      | Fixed         | 5.25%                 | 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        |   2000000 | PA      | $1708244.40   | 0.06%             | 2055-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nevada (State of) Department of Business & Industry (Doral Academy of Nevada)                                                            | Nevada (State of) Department of Business & Industry (Doral Academy of Nevada), Series 2017 A, RB                                                       | CUSIP: 641454AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2594021.58   | 0.09%             | 2047-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hacienda La Puente Unified School District Facilities Financing Authority (Unified School District GO Bond Program)                      | Hacienda La Puente Unified School District Facilities Financing Authority (Unified School District GO Bond Program), Series 2007, RB                   | CUSIP: 40450TAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2053117.60   | 0.07%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Invesco Rochester High Yield Municipal ETF                                                                                               | Invesco Rochester High Yield Municipal ETF                                                                                                             | CUSIP: 46090A747<br>LEI: 5493006RURMGCZH0OI34 | Long             | EC               | RF                | US        |     17000 | NS      | $851618.40    | 0.03%             |  |  |  | No            |                  1 | 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        |   5000000 | PA      | $4915456.00   | 0.16%             | 2053-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                                                                            | North Texas Tollway Authority, Series 2008 D, Ref. RB                                                                                                  | CUSIP: 66285WBW5<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   4710000 | PA      | $3854528.82   | 0.13%             | 2031-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway)                         | Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway), Series 2015 A, RB                    | CUSIP: 49126PFA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11135000 | PA      | $11135639.15  | 0.37%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp.                                                                                                 | Suffolk Regional Off-Track Betting Corp., Series 2024, RB                                                                                              | CUSIP: 86480TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5170000 | PA      | $5286462.01   | 0.17%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hawaii (State of)                                                                                                                        | Hawaii (State of), Series 2015 A, RB                                                                                                                   | CUSIP: 419794ZL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5030000 | PA      | $5036877.52   | 0.17%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Housing Finance Agency (Social Certificates)                                                                       | California (State of) Housing Finance Agency (Social Certificates), Series 2023-1, RB                                                                  | CUSIP: 13033DAL9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   3440018 | PA      | $3410603.78   | 0.11%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Centerville (City of), OH (Graceworks Lutheran Services)                                                                                 | Centerville (City of), OH (Graceworks Lutheran Services), Series 2017, Ref. RB                                                                         | CUSIP: 152241AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5400000 | PA      | $4772859.66   | 0.16%             | 2047-11-01      | Fixed         | 5.25%                 | 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 A, RB                                                | CUSIP: 544445ER6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5515000 | PA      | $5474681.49   | 0.18%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment)                          | New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment), Series 2018, RB                       | CUSIP: 650116CN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6970000 | PA      | $7012402.69   | 0.23%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Metropolitan Water Reclamation District                                                                            | Chicago (City of), IL Metropolitan Water Reclamation District, Series 2007 B, Ref. GO Bonds                                                            | CUSIP: 167560MR9<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5770543.50   | 0.19%             | 2034-12-01      | Fixed         | 5.25%                 | 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        |   5094472 | PA      | $4696469.82   | 0.15%             | 2040-03-20      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| Katy Independent School District                                                                                                         | Katy Independent School District, Series 2023, GO Bonds                                                                                                | CUSIP: 486063S50<br>LEI: 254900H9QSKVP2HWVL72 | Long             | DBT              | MUN               | US        |   6025000 | PA      | $5256084.08   | 0.17%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jefferson (County of), AL                                                                                                                | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts.                                                                                              | CUSIP: 472682ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6460000 | PA      | $6527460.49   | 0.21%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Water Resources Board (2019 Master Trust)                                                                            | Oklahoma (State of) Water Resources Board (2019 Master Trust), Series 2023, RB                                                                         | CUSIP: 67919PUH4<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3257289.82   | 0.11%             | 2053-04-01      | Fixed         | 4.12%                 | 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        |  10000000 | PA      | $10244222.00  | 0.34%             | 2039-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington (State of)                                                                                                                    | Washington (State of), Series 2021 A, Ref. GO Bonds                                                                                                    | CUSIP: 93974EDR4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2854961.18   | 0.09%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC)                                                     | West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC), Series 2016, RB                                                  | CUSIP: 95648VAX7<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   4035000 | PA      | $2824500.00   | 0.09%             | 2026-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO Convention Center Hotel Authority                                                                          | Denver (City & County of), CO Convention Center Hotel Authority, Series 2016, Ref. RB                                                                  | CUSIP: 249189DP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2515929.00   | 0.08%             | 2035-12-01      | Fixed         | 5.00%                 | 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        |   1375000 | PA      | $775001.43    | 0.03%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lake (County of), FL (Lakeside at Waterman Village)                                                                                      | Lake (County of), FL (Lakeside at Waterman Village), Series 2020 A, Ref. RB                                                                            | CUSIP: 50826FAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1371443.40   | 0.05%             | 2055-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (The University of Chicago)                                                                        | Illinois (State of) Finance Authority (The University of Chicago), Series 2015 A, RB                                                                   | CUSIP: 45203H3F7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10033253.00  | 0.33%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Iowa Fertilizer Co.)                                                                                  | Iowa (State of) Finance Authority (Iowa Fertilizer Co.), Series 2022, Ref. RB                                                                          | CUSIP: 46246SAV7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |  10215000 | PA      | $11490151.73  | 0.38%             | 2042-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas (State of) Development Finance Authority (Big River Steel) (Green Bonds)                                                        | Arkansas (State of) Development Finance Authority (Big River Steel) (Green Bonds), Series 2020, RB                                                     | CUSIP: 04108WCD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4899846.00   | 0.16%             | 2049-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Green Bonds)                                                                           | Los Angeles (City of), CA Department of Airports (Green Bonds), Series 2022 G, RB                                                                      | CUSIP: 544445B99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6371763.00   | 0.21%             | 2038-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Development Finance Authority (OU Medicine)                                                                          | Oklahoma (State of) Development Finance Authority (OU Medicine), Series 2018 B, RB                                                                     | CUSIP: 67884XCK1<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5917254.00   | 0.19%             | 2052-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Thomas Ranch)                                                                       | New Hampshire (State of) Business Finance Authority (Thomas Ranch), Series 2024, RB                                                                    | CUSIP: 63608TAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10235000 | PA      | $5424602.20   | 0.18%             | 2034-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chandler (City of), AZ Industrial Development Authority (Intel Corp.)                                                                    | Chandler (City of), AZ Industrial Development Authority (Intel Corp.), Series 2007, RB                                                                 | CUSIP: 158862CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10012885.00  | 0.33%             | 2028-06-15      | Variable      | 4.10%                 | 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        |   2100000 | PA      | $2127223.14   | 0.07%             | 2033-12-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District (Green Bonds)                                                                                        | Los Angeles Unified School District (Green Bonds), Series 2022 QRR, GO Bonds                                                                           | CUSIP: 544647GD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5239595.50   | 0.17%             | 2047-07-01      | Fixed         | 5.25%                 | 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        |   5000000 | PA      | $4926205.50   | 0.16%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                                   | New York (City of), NY, Series 2021 F-1, GO Bonds                                                                                                      | CUSIP: 64966QVW7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10083748.00  | 0.33%             | 2050-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris (County of), TX                                                                                                                   | Harris (County of), TX, Series 2007 C, Ref. GO Bonds                                                                                                   | CUSIP: 4140044A6<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   6665000 | PA      | $7475324.70   | 0.25%             | 2031-08-15      | 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 A, RB                                               | CUSIP: 87638RHM2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3250000.00   | 0.11%             | 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        |   4500000 | PA      | $4228000.20   | 0.14%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group)                   | Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group), Series 2017, Ref. RB           | CUSIP: 97712DZF6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2252934.95   | 0.07%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.)                                                        | Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.), Series 2018 A, RB                                                   | CUSIP: 74442PFU4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4021801.20   | 0.13%             | 2045-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority (Green Bonds)                                                                             | Washington Metropolitan Area Transit Authority (Green Bonds), Series 2023 A, RB                                                                        | CUSIP: 93878YCT4<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7845332.25   | 0.26%             | 2051-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Harris County Hospital District                                                                                                          | Harris County Hospital District, Series 2025, GO Bonds                                                                                                 | CUSIP: 41415UCD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7370512.10   | 0.24%             | 2050-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Jefferson (Parish of), LA Sales Tax District                                                                                             | Jefferson (Parish of), LA Sales Tax District, Series 2019 B, RB                                                                                        | CUSIP: 474176LH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5830469.40   | 0.19%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tampa (City of), FL                                                                                                                      | Tampa (City of), FL, Series 2020 A, RB                                                                                                                 | CUSIP: 875146BD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $485876.84    | 0.02%             | 2053-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp.                                                                                                   | New York State Urban Development Corp., Series 2020 A, RB                                                                                              | CUSIP: 650036AP1<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  10045000 | PA      | $8709869.83   | 0.29%             | 2049-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St. John the Baptist (Parish of), LA (Marathon Oil Corp.)                                                                                | St. John the Baptist (Parish of), LA (Marathon Oil Corp.), Subseries 2017 A-3, Ref. RB                                                                 | CUSIP: 79020FAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3923260.40   | 0.13%             | 2026-07-01      | Variable      | 2.20%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp. (3 World Trade Center)                                                                                | New York Liberty Development Corp. (3 World Trade Center), Series 2014-1, Ref. RB                                                                      | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10905000 | PA      | $10606871.48  | 0.35%             | 2044-11-15      | Fixed         | 5.00%                 | 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        |  26045000 | PA      | $22155692.34  | 0.73%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St. Cloud (City of), MN (CentraCare Health System)                                                                                       | St. Cloud (City of), MN (CentraCare Health System), Series 2024, Ref. RB                                                                               | CUSIP: 78916VEU0<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   5170000 | PA      | $5067517.68   | 0.17%             | 2054-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority                                                                                                  | New York (State of) Dormitory Authority, Series 2021, RB                                                                                               | CUSIP: 64990KFU2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    630000 | PA      | $660768.63    | 0.02%             | 2032-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community)                                                | New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community), Series 2021 A-1, RB                                         | CUSIP: 64542UFP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $11752.42     | 0.00%             | 2037-11-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group)                                                             | Illinois (State of) Finance Authority (Lutheran Communities Obligated Group), Series 2019 A, Ref. RB                                                   | CUSIP: 45204E6D5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3430000 | PA      | $2298100.00   | 0.08%             | 2035-11-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                      | Illinois (State of), Series 2020 B, GO Bonds                                                                                                           | CUSIP: 4521526Y2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2842223.01   | 0.09%             | 2034-10-01      | Fixed         | 4.00%                 | 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: 41423PCB1<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   7725000 | PA      | $6702030.01   | 0.22%             | 2050-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Unified School District (Election of 2008)                                                                                    | Long Beach Unified School District (Election of 2008), Series 2009, GO Bonds                                                                           | CUSIP: 542433SK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $306176.84    | 0.01%             | 2033-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.)                                                              | Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.), Series 2016, Ref. RB                                                      | CUSIP: 590743CT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     94751 | PA      | $947.51       | 0.00%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                                   | New York (City of), NY, Subseries 2019 A-1, GO Bonds                                                                                                   | CUSIP: 64966QCW8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  11930000 | PA      | $10843335.67  | 0.36%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lucas (County of), OH (ProMedica Healthcare System)                                                                                      | Lucas (County of), OH (ProMedica Healthcare System), Series 2018 A, Ref. RB                                                                            | CUSIP: 549310WE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1444923.30   | 0.05%             | 2048-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                       | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2021 A, Ref. RB                                                                             | CUSIP: 709225CD6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $7353253.95   | 0.24%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District (Election of 2018) (Green Bonds)                                                                       | San Diego Unified School District (Election of 2018) (Green Bonds), Series 2023, GO Bonds                                                              | CUSIP: 797356JG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8942534.00   | 0.29%             | 2053-07-01      | Fixed         | 4.00%                 | 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: 64971X7C6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5196659.00   | 0.17%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox (County of), TN Health, Educational & Housing Facility Board (Covenant Health)                                                      | Knox (County of), TN Health, Educational & Housing Facility Board (Covenant Health), Series 2016 A, Ref. RB                                            | CUSIP: 499527CG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14013120.80  | 0.46%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement)                                                   | New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement), Series 2013, RB                                                | CUSIP: 6459182D4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500394.80   | 0.05%             | 2043-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                       | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2021 B, Ref. RB                                                                             | CUSIP: 709221WV3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   5995000 | PA      | $5137957.80   | 0.17%             | 2053-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.)                                                                | Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.), Series 2002, RB                                                             | CUSIP: 451916AH3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1271316.61   | 0.04%             | 2032-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                       | Tobacco Settlement Financing Corp., Series 2018 A, Ref. RB                                                                                             | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5350000 | PA      | $5372035.58   | 0.18%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hillsborough (County of), FL Industrial Development Authority (Baycare Health System)                                                    | Hillsborough (County of), FL Industrial Development Authority (Baycare Health System), Series 2024 C, Ref. RB                                          | CUSIP: 43233KAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15799165.50  | 0.52%             | 2054-11-15      | Fixed         | 5.50%                 | 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: 939783SE7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    800000 | PA      | $801720.72    | 0.03%             | 2025-07-01      | Fixed         | 6.50%                 | 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        |   1500000 | PA      | $1380902.25   | 0.05%             | 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        |   1000000 | PA      | $650000.00    | 0.02%             | 2048-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Erie Tobacco Asset Securitization Corp.                                                                                                  | Erie Tobacco Asset Securitization Corp., Series 2005 A, RB                                                                                             | CUSIP: 295095BB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5850000 | PA      | $5112298.04   | 0.17%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                                                                                      | Port of Portland OR Airport Revenue, Series 2024, RB                                                                                                   | CUSIP: 7352404H3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10500000 | PA      | $10626468.30  | 0.35%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cuyahoga (County of), OH (MetroHealth System)                                                                                            | Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB                                                                                    | CUSIP: 2322655P9<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   5600000 | PA      | $5566683.36   | 0.18%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North)                                                        | New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North), Series 2018, Ref. RB                                                | CUSIP: 64542UET7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1734398.12   | 0.06%             | 2035-10-01      | Fixed         | 5.00%                 | 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        |   6750000 | PA      | $4910625.00   | 0.16%             | 2062-07-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Housing Finance Agency                                                                                             | California (State of) Housing Finance Agency, Series 2019 A-2, RB                                                                                      | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   8822722 | PA      | $8765820.83   | 0.29%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rockville (City of), MD (Ingleside at King Farm)                                                                                         | Rockville (City of), MD (Ingleside at King Farm), Series 2017 B, RB                                                                                    | CUSIP: 774223BV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3229165.80   | 0.11%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ashland (City of), KY (King's Daughters Medical Center)                                                                                  | Ashland (City of), KY (King's Daughters Medical Center), Series 2019, Ref. RB                                                                          | CUSIP: 044293BY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $354642.41    | 0.01%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Transit System                                                                                                | Miami-Dade (County of), FL Transit System, Series 2020 A, RB                                                                                           | CUSIP: 59334PHV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4263663.50   | 0.14%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                               | Miami-Dade (County of), FL, Subseries 2021 A-1, Ref. RB                                                                                                | CUSIP: 59335KDF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  28000000 | PA      | $25314066.40  | 0.83%             | 2045-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                      | Illinois (State of), Series 2018 A, GO Bonds                                                                                                           | CUSIP: 452152X30<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2775000 | PA      | $2878712.57   | 0.09%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Rosalind Franklin University)                                                                     | Illinois (State of) Finance Authority (Rosalind Franklin University), Series 2017, RB                                                                  | CUSIP: 45204EVQ8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2310467.60   | 0.08%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels)                                                                             | Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022 A, RB                                                                        | CUSIP: 896035BE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5103838.50   | 0.17%             | 2057-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                                                                       | New York State Dormitory Authority, Series 2025, RB                                                                                                    | CUSIP: 64990KGZ0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7130442.90   | 0.23%             | 2052-03-15      | 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 2019 BB, RB                                                                          | CUSIP: 6461365N7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4988144.50   | 0.16%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                                                                     | Colorado Health Facilities Authority, Series 2025, RB                                                                                                  | CUSIP: 19648FZJ6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3974719.20   | 0.13%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of)                                                                                                                    | New Jersey (State of), Series 2020 A, GO Bonds                                                                                                         | CUSIP: 646039YS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9120000 | PA      | $9595958.21   | 0.32%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging)                                      | Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging), Series 2016, RB                                   | CUSIP: 091081DM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4077387.30   | 0.13%             | 2035-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Placentia-Yorba Linda Unified School District (Election of 2008)                                                                         | Placentia-Yorba Linda Unified School District (Election of 2008), Series 2011 D, GO Bonds                                                              | CUSIP: 725894JY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1012993.35   | 0.03%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)                                                   | New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2016 A, RB                                              | CUSIP: 650116AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14815000 | PA      | $14435413.03  | 0.47%             | 2050-01-01      | Fixed         | 5.25%                 | 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        |   4800000 | PA      | $4788782.40   | 0.16%             | 2042-10-01      | Fixed         | 5.00%                 | 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        |   1500000 | PA      | $1542349.50   | 0.05%             | 2050-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), OH (Dayton Children's Hospital)                                                                                  | Montgomery (County of), OH (Dayton Children's Hospital), Series 2021, Ref. RB                                                                          | CUSIP: 613520PB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2164432.00   | 0.07%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Green Bonds)                                                                 | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023, RB                                                              | CUSIP: 13013JBL9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5176294.00   | 0.17%             | 2029-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                                      | Metropolitan Transportation Authority (Green Bonds), Series 2017 A-1, RB                                                                               | CUSIP: 59261AMB0<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2293220.58   | 0.08%             | 2057-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| St. Louis (County of), MO Industrial Development Authority (Friendship Village of Sunset Hills)                                          | St. Louis (County of), MO Industrial Development Authority (Friendship Village of Sunset Hills), Series 2013 A, RB                                     | CUSIP: 791524BU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1749947.85   | 0.06%             | 2043-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes)               | Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes), Series 2023, RB            | CUSIP: 882667BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5125695.00   | 0.17%             | 2058-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                                                    | New York (City of), NY Transitional Finance Authority, Series 2019, RB                                                                                 | CUSIP: 64971XKP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9255199.00   | 0.30%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)                                     | California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 A, Ref. RB                           | CUSIP: 13016NEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1274933.40   | 0.04%             | 2049-06-01      | Fixed         | 4.00%                 | 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: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6230272.80   | 0.20%             | 2028-07-15      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                      | Illinois (State of), Series 2024 B, GO Bonds                                                                                                           | CUSIP: 452153KC2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4082312.00   | 0.13%             | 2045-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                               | Texas (State of) Transportation Commission, Series 2019, RB                                                                                            | CUSIP: 88283NAQ5<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $1405554.00   | 0.05%             | 2045-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo)                                                                   | Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo), Series 2019, Ref. RB                                                           | CUSIP: 483228DW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1222187.82   | 0.04%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson (County of), AL                                                                                                                | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts.                                                                                              | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5125687.00   | 0.17%             | 2053-10-01      | Fixed         | 5.50%                 | 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: 61022CAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2521077.00   | 0.08%             | 2037-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp. (Bidding Group 3)                                                                                 | New York State Urban Development Corp. (Bidding Group 3), Series 2021 A, Ref. RB                                                                       | CUSIP: 64985TCS8<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8917004.00   | 0.29%             | 2045-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                                                                                           | Sales Tax Securitization Corp., Series 2018 C, Ref. RB                                                                                                 | CUSIP: 79467BCJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5080641.00   | 0.17%             | 2043-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                                                                                 | Sterling Ranch Community Authority Board, Series 2020 A, Ref. RB                                                                                       | CUSIP: 85950NAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1916675.10   | 0.06%             | 2050-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.)                                                              | Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.), Series 2014, Ref. RB                                                      | CUSIP: 590743CB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    592193 | PA      | $5921.93      | 0.00%             | 2030-02-15      | Fixed         | 5.12%                 | 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        |  11070000 | PA      | $11479369.71  | 0.38%             | 2055-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                 | Chicago (City of), IL Board of Education, Series 2018 D, GO Bonds                                                                                      | CUSIP: 167505WB8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2731846.80   | 0.09%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                                      | Metropolitan Transportation Authority (Green Bonds), Series 2020 D-3, RB                                                                               | CUSIP: 59261AH91<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8345384.00   | 0.27%             | 2050-11-15      | Fixed         | 4.00%                 | 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        |  10000000 | PA      | $8620531.00   | 0.28%             | 2050-01-01      | 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 2018, RB                       | CUSIP: 650116CP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1234941.46   | 0.04%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp. (Green Bonds)                                                                                    | New York City Housing Development Corp. (Green Bonds), Series 2023, RB                                                                                 | CUSIP: 64966WHK6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9824217.00   | 0.32%             | 2053-02-01      | Fixed         | 4.80%                 | 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        |   6705000 | PA      | $6350375.23   | 0.21%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science)                                                        | Arizona (State of) Industrial Development Authority (Academies of Math & Science), Series 2018 A, Ref. RB                                              | CUSIP: 04052BFV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $1976543.89   | 0.07%             | 2052-07-01      | 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: 82706TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22000000 | PA      | $11952762.80  | 0.39%             | 2036-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hudson County Improvement Authority (Hudson County Courthouse)                                                                           | Hudson County Improvement Authority (Hudson County Courthouse), Series 2020, RB                                                                        | CUSIP: 443730QB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9149538.00   | 0.30%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Dakota (State of) Housing Finance Agency (Social Bonds)                                                                            | North Dakota (State of) Housing Finance Agency (Social Bonds), Series 2024 C, RB                                                                       | CUSIP: 6589098C3<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   2965000 | PA      | $3267468.55   | 0.11%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Dana-Farber Cancer Institute)                                                | Massachusetts (Commonwealth of) Development Finance Agency (Dana-Farber Cancer Institute), Series 2016, RB                                             | CUSIP: 57584XNY3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006359.20   | 0.07%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health & Educational Building Corp. (Lifespan Obligated Group)                                                              | Rhode Island Health & Educational Building Corp. (Lifespan Obligated Group), Series 2024, RB                                                           | CUSIP: 762244MJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6555000 | PA      | $6504517.98   | 0.21%             | 2054-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                                            | Main Street Natural Gas, Inc., Series 2023 C, RB                                                                                                       | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6271280.40   | 0.21%             | 2030-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                | New Jersey (State of) Transportation Trust Fund Authority, Series 2006 C, RB                                                                           | CUSIP: 646136TH4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9519012.00   | 0.31%             | 2026-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                       | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 B-1, RB                                                                                | CUSIP: 709224WR6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   9875000 | PA      | $9933194.36   | 0.33%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                 | Chicago (City of), IL Board of Education, Series 2017 G, Ref. GO Bonds                                                                                 | CUSIP: 167505TG1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4970983.50   | 0.16%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport)                                                         | New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2024, Ref. RB                                                 | CUSIP: 650116HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $921946.20    | 0.03%             | 2054-12-31      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                 | Chicago (City of), IL Board of Education, Series 2023 A, GO Bonds                                                                                      | CUSIP: 167505ZG4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6791051.15   | 0.22%             | 2049-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District (The) (No. 4)                                                                                             | Black Belt Energy Gas District (The) (No. 4), Series 2019 A-1, RB                                                                                      | CUSIP: 09182RAR2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15002511.00  | 0.49%             | 2025-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                                                                           | Metropolitan Nashville Airport Authority (The), Series 2019 B, RB                                                                                      | CUSIP: 592190PF3<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4951153.00   | 0.16%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Civic Improvement Corp.                                                                                                          | Phoenix Civic Improvement Corp., Series 2019, RB                                                                                                       | CUSIP: 71883MPB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11425000 | PA      | $11352961.95  | 0.37%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                   | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB                                                                        | CUSIP: 74526QPP1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2681594.10   | 0.09%             | 2031-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                                                                                            | Cypress-Fairbanks Independent School District, Series 2023, GO Bonds                                                                                   | CUSIP: 232769MN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6750000 | PA      | $6053650.43   | 0.20%             | 2048-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Plano (City of), IL Special Service Area No. 10 (Lakewood Springs Club)                                                                  | Plano (City of), IL Special Service Area No. 10 (Lakewood Springs Club), Series 2007, RB                                                               | CUSIP: 72714MAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $165000.00    | 0.01%             | 2037-03-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Glynn (County of) & Brunswick (City of), GA Memorial Hospital Authority (Southeast Georgia Health System)                                | Glynn (County of) & Brunswick (City of), GA Memorial Hospital Authority (Southeast Georgia Health System), Series 2017, RAC                            | CUSIP: 380037GS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7750000 | PA      | $7590451.53   | 0.25%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Christian (County of), KY (Jennie Stuart Medical Center, Inc.)                                                                           | Christian (County of), KY (Jennie Stuart Medical Center, Inc.), Series 2016, Ref. RB                                                                   | CUSIP: 170692CP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4999904.00   | 0.16%             | 2044-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Omaha (City of), NE Public Power District                                                                                                | Omaha (City of), NE Public Power District, Series 2021 A, RB                                                                                           | CUSIP: 682001HA3<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4354590.00   | 0.14%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Expressway Authority                                                                                          | Miami-Dade (County of), FL Expressway Authority, Series 2010 A, RB                                                                                     | CUSIP: 59334KFV5<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |   3350000 | PA      | $3352252.21   | 0.11%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.)                                                        | Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.), Series 2018 A, RB                                                   | CUSIP: 74442PFT7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5082149.00   | 0.17%             | 2037-12-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Clackamas (County of), OR Hospital Facility Authority (Mary's Woods at Marylhurst, Inc.)                                                 | Clackamas (County of), OR Hospital Facility Authority (Mary's Woods at Marylhurst, Inc.), Series 2018 A, RB                                            | CUSIP: 179027YA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $955055.28    | 0.03%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group)                                                             | Illinois (State of) Finance Authority (Lutheran Communities Obligated Group), Series 2019 A, Ref. RB                                                   | CUSIP: 45204E6E3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2245000 | PA      | $1504150.00   | 0.05%             | 2040-11-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                            | Denver (City & County of), CO, Series 2022 A, RB                                                                                                       | CUSIP: 249182QU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7848193.50   | 0.26%             | 2042-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                                    | California (State of), Series 2020, Ref. GO Bonds                                                                                                      | CUSIP: 13063DVE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4919693.50   | 0.16%             | 2040-03-01      | Fixed         | 4.00%                 | 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        |    460318 | PA      | $428614.20    | 0.01%             | 2034-03-01      | Fixed         | 5.38%                 | 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        |   4500000 | PA      | $4923863.10   | 0.16%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Georgia (State of) Municipal Electric Authority (Plant Vogtle Units 3 & 4)                                                               | Georgia (State of) Municipal Electric Authority (Plant Vogtle Units 3 & 4), Series 2019, RB                                                            | CUSIP: 6262072R4<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |  10530000 | PA      | $10277417.94  | 0.34%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy)                                              | Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy), Series 2017 A, RB                                         | CUSIP: 5742182M4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1402751.58   | 0.05%             | 2052-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                                                                                 | University of Cincinnati, Series 2024 A, RB                                                                                                            | CUSIP: 9141194X7<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   8725000 | PA      | $9007281.67   | 0.30%             | 2054-06-01      | Fixed         | 5.25%                 | 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 2023, RB                                                                 | CUSIP: 92708KAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $961876.04    | 0.03%             | 2054-05-01      | Fixed         | 5.25%                 | 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 2016 B, Ref. RB                                       | CUSIP: 60635HZ85<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   4035000 | PA      | $3748997.99   | 0.12%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                                      | Metropolitan Transportation Authority (Green Bonds), Series 2020 C-1, RB                                                                               | CUSIP: 59261AG43<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3971486.80   | 0.13%             | 2050-11-15      | Fixed         | 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 2020 B-2, Ref. RB                                                                 | CUSIP: 442349DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1505315.25   | 0.05%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds)                         | New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds), Series 2024, RB                      | CUSIP: 650116HM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6053368.20   | 0.20%             | 2054-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford)                                                    | New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford), Series 2016 A, RB                                               | CUSIP: 64542UCY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $752249.67    | 0.02%             | 2036-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Linxs APM)                                                                            | California (State of) Municipal Finance Authority (Linxs APM), Series 2018 A, RB                                                                       | CUSIP: 13048VBY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9747386.00   | 0.32%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels)                                                                             | Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2021 C-1A, RB                                                                     | CUSIP: 89602HBF3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   4115000 | PA      | $4159113.21   | 0.14%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockdale (County of), GA Development Authority (Pratt Paper (GA), LLC)                                                                   | Rockdale (County of), GA Development Authority (Pratt Paper (GA), LLC), Series 2018, Ref. RB                                                           | CUSIP: 773008AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7210000 | PA      | $6646889.63   | 0.22%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission (Central Texas Turnpike System)                                                               | Texas (State of) Transportation Commission (Central Texas Turnpike System), Series 2002, RB                                                            | CUSIP: 882762FF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $27990.31     | 0.00%             | 2027-08-15      | None          | 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        |   2500000 | PA      | $2468813.50   | 0.08%             | 2055-07-01      | Fixed         | 5.25%                 | 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: 451295H28<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   5265000 | PA      | $5367682.77   | 0.18%             | 2050-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Airport Authority                                                                                              | Allegheny (County of), PA Airport Authority, Series 2021 A, RB                                                                                         | CUSIP: 01728LFK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16290000 | PA      | $15760669.48  | 0.52%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (MedStar Health)                                                    | Maryland (State of) Health & Higher Educational Facilities Authority (MedStar Health), Series 2017 A, RB                                               | CUSIP: 5742182P7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4933972.50   | 0.16%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                                      | Metropolitan Transportation Authority (Green Bonds), Series 2020 E, Ref. RB                                                                            | CUSIP: 59261AJ99<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4309170.00   | 0.14%             | 2045-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Water & Power                                                                                    | Los Angeles (City of), CA Department of Water & Power, Subseries 2002 A-6, Ref. VRD RB                                                                 | CUSIP: 544495DX9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.16%             | 2035-07-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| Shelby (County of), TN Health, Educational & Housing Facilities Board (The Village at Germantown, Inc.)                                  | Shelby (County of), TN Health, Educational & Housing Facilities Board (The Village at Germantown, Inc.), Series 2014, RB                               | CUSIP: 82169JAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $962121.50    | 0.03%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority (Green Bonds)                                                                               | District of Columbia Water & Sewer Authority (Green Bonds), Series 2022 C-1, RB                                                                        | CUSIP: 254845SU5<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8517991.00   | 0.28%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)                                                   | New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2023, RB                                                | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10862437.00  | 0.36%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Arkansas (State of) Development Finance Authority (U.S. Steel Corp.) (Green Bonds)                                                       | Arkansas (State of) Development Finance Authority (U.S. Steel Corp.) (Green Bonds), Series 2023, RB                                                    | CUSIP: 04110FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5057314.00   | 0.17%             | 2053-05-01      | Fixed         | 5.70%                 | 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        |  10265000 | PA      | $10061473.79  | 0.33%             | 2054-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ashland (City of), KY (King's Daughters Medical Center)                                                                                  | Ashland (City of), KY (King's Daughters Medical Center), Series 2019, Ref. RB                                                                          | CUSIP: 044293BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $439339.49    | 0.01%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Valparaiso (City of), IN (Pratt Paper, LLC)                                                                                              | Valparaiso (City of), IN (Pratt Paper, LLC), Series 2024, Ref. RB                                                                                      | CUSIP: 92028RAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2846033.70   | 0.09%             | 2044-01-01      | Fixed         | 4.88%                 | 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        |   1500000 | PA      | $1436086.05   | 0.05%             | 2045-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District)                                           | Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District), Series 2016 A, Ref. RB                                 | CUSIP: 85732GUG3<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5060488.00   | 0.17%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas (County of), OR Hospital Facility Authority (Mary's Woods at Marylhurst, Inc.)                                                 | Clackamas (County of), OR Hospital Facility Authority (Mary's Woods at Marylhurst, Inc.), Series 2018 A, RB                                            | CUSIP: 179027YB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $425446.25    | 0.01%             | 2052-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Magnolia Independent School District                                                                                                     | Magnolia Independent School District, Series 2023, GO Bonds                                                                                            | CUSIP: 559686YQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5825000 | PA      | $5155275.87   | 0.17%             | 2047-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Turnpike Authority                                                                                                 | New Jersey (State of) Turnpike Authority, Series 2021 A, RB                                                                                            | CUSIP: 646140DJ9<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2537125.53   | 0.08%             | 2042-01-01      | Fixed         | 4.00%                 | 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        |  47430000 | PA      | $2847184.96   | 0.09%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Air Quality Development Authority (Pratt Paper LLC)                                                                      | Ohio (State of) Air Quality Development Authority (Pratt Paper LLC), Series 2017, RB                                                                   | CUSIP: 67754AAE4<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1761228.80   | 0.06%             | 2048-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (CommonSpirit Health)                                                                    | Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-2, Ref. RB                                                        | CUSIP: 19648FKT0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $12399058.50  | 0.41%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                                                                            | North Texas Tollway Authority, Series 2008 D, Ref. RB                                                                                                  | CUSIP: 66285WBT2<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |  12800000 | PA      | $11741931.52  | 0.39%             | 2028-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Broadway Park North Metropolitan District No. 2                                                                                          | Broadway Park North Metropolitan District No. 2, Series 2020, GO Bonds                                                                                 | CUSIP: 111561AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1407597.76   | 0.05%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                            | Denver (City & County of), CO, Series 2018 A, Ref. RB                                                                                                  | CUSIP: 249182LW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15800000 | PA      | $15519006.48  | 0.51%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Forney Independent School District                                                                                                       | Forney Independent School District, Series 2023, GO Bonds                                                                                              | CUSIP: 346425JY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16110000 | PA      | $14001076.95  | 0.46%             | 2053-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                                                                     | District of Columbia, Series 2022 A, RB                                                                                                                | CUSIP: 25477GUW3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |  11675000 | PA      | $11905606.94  | 0.39%             | 2047-07-01      | Fixed         | 5.00%                 | 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: 896032BB4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1553970.90   | 0.05%             | 2054-12-01      | Fixed         | 5.25%                 | 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        |  11500000 | PA      | $11255386.95  | 0.37%             | 2055-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Pinecrest Academy of Nevada-Horizon, Inspirada and St. Rose Campus Projects)        | Arizona (State of) Industrial Development Authority (Pinecrest Academy of Nevada-Horizon, Inspirada and St. Rose Campus Projects), Series 2018 A, RB   | CUSIP: 04052BHE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3161800.22   | 0.10%             | 2048-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL                                                                                                                    | Chicago (City of), IL, Series 2017 A, Ref. GO Bonds                                                                                                    | CUSIP: 167486ZY8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8652354.85   | 0.28%             | 2038-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                | New Jersey (State of) Transportation Trust Fund Authority, Series 2020 AA, RB                                                                          | CUSIP: 6461367L9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8442444.00   | 0.28%             | 2050-06-15      | 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        |   7250000 | PA      | $7636045.83   | 0.25%             | 2031-08-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Northern Indiana Commuter Transportation District                                                                                        | Northern Indiana Commuter Transportation District, Series 2016, RB                                                                                     | CUSIP: 66528PBA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1724185.90   | 0.06%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                      | Illinois (State of), Series 2020, GO Bonds                                                                                                             | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6543003.75   | 0.22%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Building Authority (Facilities Program)                                                                              | Michigan (State of) Building Authority (Facilities Program), Series 2021 I, RB                                                                         | CUSIP: 594615JY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6261848.60   | 0.21%             | 2046-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority (Green Bonds)                                                                                            | Transbay Joint Powers Authority (Green Bonds), Series 2020 A, RB                                                                                       | CUSIP: 89356CAT3<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970778.80    | 0.03%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  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        |   5000000 | PA      | $4213773.50   | 0.14%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Clean Energy)                                                                | California (State of) Community Choice Financing Authority (Clean Energy), Series 2024, RB                                                             | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10499208.00  | 0.35%             | 2032-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority                                                                                                    | Illinois (State of) Finance Authority, Series 2016 C, Ref. RB                                                                                          | CUSIP: 45204EFC7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10064804.00  | 0.33%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village)                                                  | Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village), Series 2007, RB                                               | CUSIP: 447297AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $495000.00    | 0.02%             | 2043-01-01      | Fixed         | 5.50%                 | Yes           |                  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: 83703FLN0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $14937147.00  | 0.49%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford)                                                    | New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford), Series 2016 A, RB                                               | CUSIP: 64542UCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $979017.88    | 0.03%             | 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        |  20240000 | PA      | $17539753.26  | 0.58%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport)                                                            | Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2022 B, Ref. RB                                                  | CUSIP: 23503CBM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4571501.00   | 0.15%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Crowfoot Valley Ranch Metropolitan District No. 2                                                                                        | Crowfoot Valley Ranch Metropolitan District No. 2, Series 2024 A, Ref. GO Bonds                                                                        | CUSIP: 22802CAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1982019.60   | 0.07%             | 2049-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Clackamas (County of), OR Hospital Facility Authority (Willamette View)                                                                  | Clackamas (County of), OR Hospital Facility Authority (Willamette View), Series 2017 A, Ref. RB                                                        | CUSIP: 179027WR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2960000 | PA      | $2627699.74   | 0.09%             | 2052-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jarrell Independent School District                                                                                                      | Jarrell Independent School District, Series 2023, GO Bonds                                                                                             | CUSIP: 471146XB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9460000 | PA      | $8589982.72   | 0.28%             | 2053-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy)                                              | Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy), Series 2017 A, RB                                         | CUSIP: 5742182K8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1229517.51   | 0.04%             | 2037-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Basis Schools)                                                                      | Arizona (State of) Industrial Development Authority (Basis Schools), Series 2017 A, Ref. RB                                                            | CUSIP: 04052BAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4374598.95   | 0.14%             | 2047-07-01      | Fixed         | 5.25%                 | 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        |   1000000 | PA      | $994756.80    | 0.03%             | 2035-03-27      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp.                                                                                  | District of Columbia Tobacco Settlement Financing Corp., Series 2006 C, RB                                                                             | CUSIP: 254842BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  34000000 | PA      | $3355939.40   | 0.11%             | 2055-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Sports Facilities Authority (The)                                                                                    | Illinois (State of) Sports Facilities Authority (The), Series 2014, Ref. RB                                                                            | CUSIP: 452143FD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2630000 | PA      | $2634281.11   | 0.09%             | 2031-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Turnpike Authority                                                                                             | North Carolina (State of) Turnpike Authority, Series 2018, Ref. RB                                                                                     | CUSIP: 65830RCG2<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5160093.00   | 0.17%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast, A Cooperative District                                                                                                 | Energy Southeast, A Cooperative District, Series 2024 B, RB                                                                                            | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4764385.35   | 0.16%             | 2032-06-01      | Variable      | 5.25%                 | 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        |   6476320 | PA      | $6095688.99   | 0.20%             | 2036-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TSASC, Inc.                                                                                                                              | TSASC, Inc., Series 2016 B, Ref. RB                                                                                                                    | CUSIP: 898526FQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19905000 | PA      | $17562410.41  | 0.58%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hayward Unified School District (Election of 2008)                                                                                       | Hayward Unified School District (Election of 2008), Series 2010 A, GO Bonds                                                                            | CUSIP: 421290Z75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1067948.40   | 0.04%             | 2034-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX (United Airlines, Inc.)                                                                                            | Houston (City of), TX (United Airlines, Inc.), Series 2021 B-1, RB                                                                                     | CUSIP: 442349GA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5550000 | PA      | $4812380.03   | 0.16%             | 2041-07-15      | Fixed         | 4.00%                 | 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