# EDGAR Filing Document

**Accession Number:** 0000909466
**File Stem:** 0000909466-26-000069
**Filing Date:** 2026-1
**Character Count:** 188326
**Document Hash:** fa0b6083e6150b51f27c12da2c6bf738
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000909466-26-000069.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0000909466-26-000069

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**PERIOD START**: 20260228

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07890
- **FILM NUMBER:** 26577222

**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 Pennsylvania Municipal Fund (Series ID: S000064637)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000209267 | Class C      | OPACX           |
| C000209269 | Class Y      | OPAYX           |
| C000209274 | Class R6     | IORPX           |
| C000209275 | Class A      | OPATX           |

## Nport-Ex

**Schedule of Investments** 

*November 30, 2025*

*(Unaudited)* 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Municipal Obligations–108.49%** | **Municipal Obligations–108.49%** | **Municipal Obligations–108.49%** | **Municipal Obligations–108.49%** | **Municipal Obligations–108.49%** | **Municipal Obligations–108.49%** |
| **Pennsylvania–96.69%** | **Pennsylvania–96.69%** | **Pennsylvania–96.69%** | **Pennsylvania–96.69%** |  |  |
| Adams (County of), PA General Authority (Brethren Home Community (The)); Series 2024, Ref. RB | 5.00% | 06/01/2054 |  | $4100 | &nbsp;&nbsp; $3923618 |
| Adams (County of), PA General Authority (Gettysburg College); Series 2025, Ref. RB | 5.00% | 08/15/2050 |  | 1245 | &nbsp;&nbsp; 1278675 |
| Aliquippa School District; Series 2018, Ref. GO Bonds (INS - BAM)<sup>(a)</sup> <br>| 4.00% | 12/01/2041 |  | 1750 | &nbsp;&nbsp; 1760872 |
| Allegheny (County of), PA Airport Authority; Series 2021 A, RB<sup>(b)</sup> <br>| 5.00% | 01/01/2056 |  | 8500 | &nbsp;&nbsp; 8518834 |
| Allegheny (County of), PA Airport Authority (Pittsburgh International Airport); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(b)</sup> <br>| 5.00% | 01/01/2051 |  | 16365 | &nbsp;&nbsp; 16430439 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB (INS - AGI)<sup>(a)(b)</sup> <br>| 4.00% | 01/01/2056 |  | 5555 | &nbsp;&nbsp; 4851854 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB (INS - AGI)<sup>(a)(b)</sup> <br>| 5.50% | 01/01/2053 |  | 1810 | &nbsp;&nbsp; 1893107 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB (INS - AGI)<sup>(a)(b)(c)</sup> <br>| 5.50% | 01/01/2055 |  | 25000 | &nbsp;&nbsp; 26370718 |
| &nbsp;&nbsp;&nbsp; Allegheny (County of), PA Higher Education Building Authority (Robert Morris University); <br> Series 1998 A, Ref. RB (INS - BAM)<sup>(a)</sup> <br>| 6.00% | 05/01/2028 |  | 80 | &nbsp;&nbsp; 83682 |
| &nbsp;&nbsp;&nbsp; Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group <br> Issue); Series 2018 A, Ref. RB<br>| 5.00% | 04/01/2047 |  | 4250 | &nbsp;&nbsp; 4265376 |
| &nbsp;&nbsp;&nbsp; Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center); <br> Series 2007 A-1, RB (3 mo. Term SOFR + 0.82%)<sup>(d)</sup> <br>| 3.58% | 02/01/2037 |  | 365 | &nbsp;&nbsp; 364781 |
| &nbsp;&nbsp;&nbsp; Allegheny (County of), PA Industrial Development Authority (Propel Charter School - Sunrise); <br> Series 2013, RB<br>| 6.00% | 07/15/2038 |  | 1475 | &nbsp;&nbsp; 1432392 |
| &nbsp;&nbsp;&nbsp; Allegheny (County of), PA Industrial Development Authority (United States Steel Corp.); Series 2019, <br> Ref. RB<br>| 5.13% | 05/01/2030 |  | 3990 | &nbsp;&nbsp; 4197475 |
| &nbsp;&nbsp;&nbsp; Allegheny (County of), PA Residential Finance Authority (Allegheny Independence House Apartments); <br> Series 2007 B, RB (CEP - GNMA)<sup>(b)</sup> <br>| 6.10% | 01/20/2043 |  | 1040 | &nbsp;&nbsp; 1040432 |
| Allegheny (County of), PA Sanitary Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.75% | 06/01/2052 |  | 3250 | &nbsp;&nbsp; 3531208 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(c)</sup> <br>| 5.00% | 12/01/2055 |  | 4000 | &nbsp;&nbsp; 4177020 |
| &nbsp;&nbsp;&nbsp; Allentown (City of), PA Commercial and Industrial Development Authority (Executive Education <br> Academy Charter School); Series 2024, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2059 |  | 3000 | &nbsp;&nbsp; 2801936 |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(e)</sup> <br>| 5.00% | 05/01/2042 |  | 3915 | &nbsp;&nbsp; 3942879 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(e)</sup> <br>| 5.38% | 05/01/2042 |  | 4000 | &nbsp;&nbsp; 4047795 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 5.00% | 05/01/2042 |  | 7620 | &nbsp;&nbsp; 7807897 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(e)</sup> <br>| 5.50% | 05/01/2032 |  | 1300 | &nbsp;&nbsp; 1406384 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(e)</sup> <br>| 6.00% | 05/01/2042 |  | 2000 | &nbsp;&nbsp; 2162208 |
| &nbsp;&nbsp;&nbsp; Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Neuweiler Lofts); <br> Series 2023, RB<sup>(e)</sup> <br>| 6.25% | 05/01/2042 |  | 3250 | &nbsp;&nbsp; 3279848 |
| &nbsp;&nbsp;&nbsp; Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Waterfront-30 E. <br> Allen Street);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 5.25% | 05/01/2032 |  | 615 | &nbsp;&nbsp; 630130 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 5.25% | 05/01/2042 |  | 1275 | &nbsp;&nbsp; 1287624 |
| Allentown City School District; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 B, GO Bonds (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 06/01/2036 |  | 1250 | &nbsp;&nbsp; 1258772 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, GO Bonds (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 06/01/2037 |  | 1255 | &nbsp;&nbsp; 1263000 |
| Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The)); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 05/15/2037 |  | 1125 | &nbsp;&nbsp; 1137434 |
| &nbsp;&nbsp;&nbsp; Series 2017 C, RB | 5.00% | 05/15/2042 |  | 1600 | &nbsp;&nbsp; 1604198 |
| &nbsp;&nbsp;&nbsp; Series 2017 C, RB | 5.00% | 05/15/2047 |  | 1650 | &nbsp;&nbsp; 1610601 |
| Bucks (County of), PA Industrial Development Authority (Grand View Hospital); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 07/01/2051 |  | 2475 | &nbsp;&nbsp; 2079175 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 5.00% | 07/01/2054 |  | 1555 | &nbsp;&nbsp; 1504612 |
| Bucks (County of), PA Industrial Development Authority (Pennswood Village); Series 2018, Ref. RB | 5.00% | 10/01/2037 |  | 270 | &nbsp;&nbsp; 273784 |
| Cheltenham (Township of), PA; Series 2018, GO Bonds | 4.00% | 07/01/2048 |  | 560 | &nbsp;&nbsp; 469715 |
| Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB (Acquired 12/18/2019; Cost $88,187)<sup>(f)</sup> <br>| 3.25% | 12/01/2029 |  | 90 | &nbsp;&nbsp; 80045 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB (Acquired 12/18/2019; Cost $299,910)<sup>(f)</sup> <br>| 4.00% | 12/01/2039 |  | 305 | &nbsp;&nbsp; 230255 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB (Acquired 12/18/2019-08/24/2021; Cost $7,373,640)<sup>(f)</sup> <br>| 5.00% | 12/01/2051 |  | 8000 | &nbsp;&nbsp; 6230434 |
| &nbsp;&nbsp;&nbsp; Chester (County of), PA Health & Education Facilities Authority (Tel Hai Retirement Community); <br> Series 2025, Ref. RB<br>| 5.25% | 06/01/2055 |  | 1800 | &nbsp;&nbsp; 1815509 |

---

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

**Invesco Pennsylvania Municipal Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** |  |  |
| &nbsp;&nbsp;&nbsp; Chester (County of), PA Industrial Development Authority (Avon Grove Charter School); Series 2017 <br> A, Ref. RB<br>| 5.00% | 12/15/2051 |  | $770 | &nbsp;&nbsp; $734508 |
| &nbsp;&nbsp;&nbsp; Chester (County of), PA Industrial Development Authority (Collegium Charter School); Series 2017 A, <br> RB<br>| 5.25% | 10/15/2047 |  | 2895 | &nbsp;&nbsp; 2609318 |
| Chester (County of), PA Industrial Development Authority (Green Bonds); Series 2021, RB | 4.00% | 12/01/2051 |  | 11340 | &nbsp;&nbsp; 10334706 |
| Chester (County of), PA Industrial Development Authority (Renaissance Academy Charter School); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(e)</sup> <br>| 4.50% | 10/01/2049 |  | 800 | &nbsp;&nbsp; 710372 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(e)</sup> <br>| 4.50% | 10/01/2054 |  | 645 | &nbsp;&nbsp; 558971 |
| &nbsp;&nbsp;&nbsp; Chester (County of), PA Industrial Development Authority (University Student Housing, LLC at West <br> Chester University of Pennsylvania);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013 A, RB | 5.00% | 08/01/2035 |  | 1000 | &nbsp;&nbsp; 1000046 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 08/01/2045 |  | 750 | &nbsp;&nbsp; 692903 |
| Chester (County of), PA Industrial Development Authority (Woodlands at Greystone); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(e)</sup> <br>| 4.38% | 03/01/2028 |  | 100 | &nbsp;&nbsp; 100057 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(e)</sup> <br>| 5.13% | 03/01/2048 |  | 680 | &nbsp;&nbsp; 671389 |
| Coatesville School District; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, GO Bonds (INS - BAM)<sup>(a)(g)</sup> <br>| 0.00% | 10/01/2034 |  | 300 | &nbsp;&nbsp; 211432 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, GO Bonds (INS - BAM)<sup>(a)(g)</sup> <br>| 0.00% | 10/01/2038 |  | 2700 | &nbsp;&nbsp; 1538726 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, Ref. GO Bonds (INS - BAM)<sup>(a)(g)</sup> <br>| 0.00% | 10/01/2033 |  | 500 | &nbsp;&nbsp; 368089 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, Ref. GO Bonds (INS - BAM)<sup>(a)(g)</sup> <br>| 0.00% | 10/01/2034 |  | 980 | &nbsp;&nbsp; 690678 |
| &nbsp;&nbsp;&nbsp; Series 2020 C, Ref. GO Notes (INS - BAM)<sup>(a)(g)</sup> <br>| 0.00% | 10/01/2033 |  | 640 | &nbsp;&nbsp; 471154 |
| Commonwealth Financing Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(c)(h)</sup> <br>| 5.00% | 06/01/2034 |  | 2500 | &nbsp;&nbsp; 2611553 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(c)(h)</sup> <br>| 5.00% | 06/01/2035 |  | 500 | &nbsp;&nbsp; 521413 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB (INS - AGI)<sup>(a)</sup> <br>| 4.00% | 06/01/2039 |  | 2725 | &nbsp;&nbsp; 2702650 |
| Cumberland (County of), PA Municipal Authority; Series 2015, Ref. RB | 5.00% | 01/01/2038 |  | 425 | &nbsp;&nbsp; 425135 |
| Cumberland (County of), PA Municipal Authority (Messiah Village); Series 2018, Ref. RB | 5.00% | 07/01/2035 |  | 3210 | &nbsp;&nbsp; 3211382 |
| Dallas Area Municipal Authority (Misericordia University); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 05/01/2039 |  | 1175 | &nbsp;&nbsp; 1149958 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 05/01/2048 |  | 4000 | &nbsp;&nbsp; 3610294 |
| Dauphin (County of), PA General Authority (Pinnacle Health System); Series 2016 A, Ref. RB | 5.00% | 06/01/2034 |  | 510 | &nbsp;&nbsp; 514478 |
| Delaware (County of), PA Authority (Elywn); Series 2017, Ref. RB | 5.00% | 06/01/2027 |  | 175 | &nbsp;&nbsp; 176420 |
| Delaware (County of), PA Authority (Neumann University); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 10/01/2031 |  | 1015 | &nbsp;&nbsp; 1015392 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 10/01/2035 |  | 2305 | &nbsp;&nbsp; 2305397 |
| &nbsp;&nbsp;&nbsp; Delaware (County of), PA Industrial Development Authority (Mercy Health Corp. of Southeastern PA); <br> Series 2016 A, RB<sup>(e)</sup> <br>| 5.13% | 06/01/2046 |  | 2080 | &nbsp;&nbsp; 2047855 |
| &nbsp;&nbsp;&nbsp; East Hempfield (Township of), PA Industrial Development Authority (Willow Valley Communities); <br> Series 2016, Ref. RB<br>| 5.00% | 12/01/2039 |  | 3150 | &nbsp;&nbsp; 3151226 |
| Erie (City of), PA Higher Education Building Authority (AICUP Financing Program); Series 2021, RB | 4.00% | 05/01/2041 |  | 1130 | &nbsp;&nbsp; 989958 |
| Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 12/01/2038 |  | 1000 | &nbsp;&nbsp; 1001742 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 12/01/2043 |  | 475 | &nbsp;&nbsp; 451966 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 12/01/2053 |  | 7080 | &nbsp;&nbsp; 6204189 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 5.00% | 12/01/2039 |  | 755 | &nbsp;&nbsp; 745067 |
| Geisinger Authority (Geisinger Health System); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A-1, Ref. RB | 5.00% | 02/15/2045 |  | 15000 | &nbsp;&nbsp; 15138062 |
| &nbsp;&nbsp;&nbsp; Series 2017 A-1, Ref. RB | 4.00% | 02/15/2047 |  | 5000 | &nbsp;&nbsp; 4469682 |
| Lancaster (City of), PA Industrial Development Authority (Willow Valley Communities); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 4.00% | 12/01/2044 |  | 1150 | &nbsp;&nbsp; 1002735 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 5.00% | 12/01/2049 |  | 7765 | &nbsp;&nbsp; 7568367 |
| Lancaster (City of), PA Municipal Authority (Garden Spot Village); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 B, RB | 5.00% | 05/01/2054 |  | 1880 | &nbsp;&nbsp; 1845439 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 05/01/2059 |  | 1500 | &nbsp;&nbsp; 1457431 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 05/01/2044 |  | 1375 | &nbsp;&nbsp; 1388854 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 05/01/2049 |  | 1635 | &nbsp;&nbsp; 1623520 |
| Lancaster (City of), PA Municipal Authority (Luthercare); Series 2025 A, Ref. RB | 5.00% | 12/01/2055 |  | 2890 | &nbsp;&nbsp; 2811569 |
| Lancaster (County of), PA Hospital Authority (Brethren Village); Series 2017, Ref. RB | 5.13% | 07/01/2037 |  | 1765 | &nbsp;&nbsp; 1770546 |
| &nbsp;&nbsp;&nbsp; Lancaster (County of), PA Hospital Authority (Landis Homes Retirement Community); Series 2015, <br> Ref. RB<br>| 5.00% | 07/01/2045 |  | 625 | &nbsp;&nbsp; 608200 |

---

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

**Invesco Pennsylvania Municipal Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** |  |  |
| Lancaster (County of), PA Hospital Authority (Masonic Villages); Series 2023, Ref. RB | 5.13% | 11/01/2038 |  | $1000 | &nbsp;&nbsp; $1087037 |
| Lancaster (County of), PA Hospital Authority (Penn State Health); Series 2021, RB | 5.00% | 11/01/2051 |  | 1550 | &nbsp;&nbsp; 1556579 |
| Latrobe (City of), PA Industrial Development Authority (Seton Hill University); Series 2021, Ref. RB | 4.00% | 03/01/2051 |  | 485 | &nbsp;&nbsp; 383559 |
| Lehigh (County of), PA (Lehigh Valley Health Network); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB | 5.00% | 07/01/2044 |  | 10000 | &nbsp;&nbsp; 10232863 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 4.00% | 07/01/2049 |  | 7000 | &nbsp;&nbsp; 6160743 |
| Lehigh (County of), PA General Purpose Authority (Kidspeace Obligation Group); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 7.50% | 02/01/2044 |  | 0 | &nbsp;&nbsp; 349 |
| &nbsp;&nbsp;&nbsp; Series 2014 B, RB<sup>(i)</sup> <br>| 7.50% | 02/01/2044 |  | 316 | &nbsp;&nbsp; 194919 |
| &nbsp;&nbsp;&nbsp; Series 2014 C, RB<sup>(g)(j)</sup> <br>| 0.00% | 02/01/2044 |  | 1197 | &nbsp;&nbsp; 6803 |
| Lehigh (County of), PA General Purpose Authority (Lehigh Valley Academy); Series 2022, RB | 4.00% | 06/01/2052 |  | 5750 | &nbsp;&nbsp; 4771269 |
| &nbsp;&nbsp;&nbsp; Lehigh (County of), PA General Purpose Authority (Lehigh Valley Dual Language Charter School); <br> Series 2023, RB<br>| 7.00% | 06/01/2053 |  | 3760 | &nbsp;&nbsp; 3988126 |
| Lehigh (County of), PA General Purpose Authority (Muhlenberg College); Series 2024, Ref. RB | 5.25% | 02/01/2054 |  | 7880 | &nbsp;&nbsp; 7920955 |
| Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB | 5.00% | 01/01/2042 |  | 930 | &nbsp;&nbsp; 933795 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB | 4.50% | 01/01/2045 |  | 800 | &nbsp;&nbsp; 738916 |
| Montgomery (County of), PA (River Pionte); Series 2023, RB<sup>(e)</sup> <br>| 6.50% | 09/01/2043 |  | 3120 | &nbsp;&nbsp; 3186064 |
| Montgomery (County of), PA Higher Education & Health Authority (Holy Redeemer Health System); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, Ref. RB | 5.00% | 10/01/2026 |  | 1000 | &nbsp;&nbsp; 1000372 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, Ref. RB | 5.00% | 10/01/2027 |  | 390 | &nbsp;&nbsp; 383613 |
| &nbsp;&nbsp;&nbsp; Montgomery (County of), PA Higher Education & Health Authority (Philadelphia Presbytery Homes, <br> Inc.);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 12/01/2037 |  | 750 | &nbsp;&nbsp; 759313 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 12/01/2047 |  | 2915 | &nbsp;&nbsp; 2829904 |
| Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 4.00% | 09/01/2044 |  | 1000 | &nbsp;&nbsp; 936249 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 4.00% | 09/01/2049 |  | 5500 | &nbsp;&nbsp; 4950856 |
| &nbsp;&nbsp;&nbsp; Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, <br> Inc.);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 11/15/2036 |  | 6405 | &nbsp;&nbsp; 6466408 |
| &nbsp;&nbsp;&nbsp; Series 2020 C, RB | 4.00% | 11/15/2043 |  | 350 | &nbsp;&nbsp; 315782 |
| &nbsp;&nbsp;&nbsp; Series 2020 C, RB | 5.00% | 11/15/2045 |  | 1970 | &nbsp;&nbsp; 1972358 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB | 5.00% | 11/15/2055 |  | 10000 | &nbsp;&nbsp; 9729084 |
| &nbsp;&nbsp;&nbsp; Montgomery (County of), PA Industrial Development Authority (Germantown Academy); Series 2021, <br> Ref. RB<br>| 4.00% | 10/01/2046 |  | 2740 | &nbsp;&nbsp; 2407441 |
| &nbsp;&nbsp;&nbsp; Montgomery (County of), PA Industrial Development Authority (Meadwood Senior Living); Series 2018 <br> A, Ref. RB<br>| 5.00% | 12/01/2048 |  | 5000 | &nbsp;&nbsp; 4938984 |
| Montgomery (County of), PA Industrial Development Authority (Waverly Heights Ltd.); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 12/01/2044 |  | 1500 | &nbsp;&nbsp; 1503447 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 12/01/2049 |  | 1300 | &nbsp;&nbsp; 1284665 |
| Northampton (County of), PA General Purpose Authority (Moravian College); Series 2016, Ref. RB | 5.00% | 10/01/2036 |  | 2250 | &nbsp;&nbsp; 2269945 |
| Northampton (County of), PA General Purpose Authority (St. Luke's University Health Network); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 08/15/2036 |  | 330 | &nbsp;&nbsp; 333017 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 08/15/2046 |  | 1170 | &nbsp;&nbsp; 1173106 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 4.00% | 08/15/2048 |  | 8430 | &nbsp;&nbsp; 7422337 |
| Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 11/01/2039 |  | 500 | &nbsp;&nbsp; 495795 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 11/01/2044 |  | 950 | &nbsp;&nbsp; 867598 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 11/01/2049 |  | 1050 | &nbsp;&nbsp; 919461 |
| Northampton (County of), PA Industrial Development Authority (Northampton Generating Co. L.P.); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013 A, RB (Acquired 04/03/2013; Cost $13,041,003)<sup>(f)(j)</sup> <br>| 5.00% | 06/30/2027 |  | 14827 | &nbsp;&nbsp; 6523708 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB<sup>(j)</sup> <br>| 5.00% | 06/30/2027 |  | 8167 | &nbsp;&nbsp; 1470077 |
| &nbsp;&nbsp;&nbsp; Northeastern Pennsylvania (Commonwealth of) Hospital & Education Authority (Kings College); <br> Series 2019, RB<br>| 5.00% | 05/01/2049 |  | 3200 | &nbsp;&nbsp; 2980381 |
| Penn Hills School District; Series 2020, Ref. GO Bonds (INS - BAM)<sup>(a)</sup> <br>| 3.00% | 10/01/2042 |  | 4000 | &nbsp;&nbsp; 3358807 |
| Pennsylvania (Commonwealth of); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; First Series 2020, GO Bonds | 2.13% | 05/01/2040 |  | 5000 | &nbsp;&nbsp; 3846480 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. COP | 4.00% | 07/01/2046 |  | 540 | &nbsp;&nbsp; 515833 |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority; Series 2023 A-2, RB | 4.00% | 05/15/2053 |  | 3250 | &nbsp;&nbsp; 2862899 |

---

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

**Invesco Pennsylvania Municipal Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** |  |  |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (Capital Region Parking <br> System); Series 2013 C, RB (INS - AGI)<sup>(a)(g)</sup> <br>| 0.00% | 01/01/2044 |  | $775 | &nbsp;&nbsp; $331800 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (Core Natural <br> Resources, Inc.); Series 2025, Ref. RB<sup>(b)(e)(k)</sup> <br>| 5.45% | 03/27/2035 |  | 4000 | &nbsp;&nbsp; 4276612 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (Covanta Holding Corp.) <br> (Green Bonds); Series 2019 A, RB<sup>(b)(e)</sup> <br>| 3.25% | 08/01/2039 |  | 6550 | &nbsp;&nbsp; 5283015 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (National Gypson Co.); <br> Series 2014, Ref. RB<sup>(b)</sup> <br>| 5.50% | 11/01/2044 |  | 635 | &nbsp;&nbsp; 635251 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major <br> Bridges);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(b)</sup> <br>| 5.25% | 06/30/2053 |  | 6195 | &nbsp;&nbsp; 6301328 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB (INS - AGI)<sup>(a)(b)</sup> <br>| 5.00% | 12/31/2057 |  | 5145 | &nbsp;&nbsp; 5237099 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (Pennsylvania Rapid <br> Bridge Replacement);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, RB<sup>(b)</sup> <br>| 5.00% | 12/31/2038 |  | 13590 | &nbsp;&nbsp; 13641634 |
| &nbsp;&nbsp;&nbsp; Series 2015, RB<sup>(b)</sup> <br>| 5.00% | 06/30/2042 |  | 11750 | &nbsp;&nbsp; 11775937 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior <br> Living);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 07/01/2046 |  | 6330 | &nbsp;&nbsp; 5520159 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.25% | 07/01/2049 |  | 1300 | &nbsp;&nbsp; 1307455 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (Villanova University); <br> Series 2024, RB<br>| 4.00% | 08/01/2054 |  | 6500 | &nbsp;&nbsp; 5931231 |
| Pennsylvania (Commonwealth of) Higher Education Assistance Agency; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB<sup>(b)</sup> <br>| 4.00% | 06/01/2044 |  | 3160 | &nbsp;&nbsp; 3119058 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB<sup>(b)</sup> <br>| 5.00% | 06/01/2050 |  | 800 | &nbsp;&nbsp; 779147 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)</sup> <br>| 4.13% | 06/01/2045 |  | 2889 | &nbsp;&nbsp; 2843913 |
| &nbsp;&nbsp;&nbsp; Series 2024-1C, RB<sup>(b)</sup> <br>| 5.00% | 06/01/2051 |  | 2000 | &nbsp;&nbsp; 1955120 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (La Salle University); <br> Series 2012, RB<br>| 5.00% | 05/01/2042 |  | 1180 | &nbsp;&nbsp; 822509 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania <br> Health System);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 4.00% | 08/15/2044 |  | 10000 | &nbsp;&nbsp; 9435094 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 4.00% | 08/15/2049 |  | 1000 | &nbsp;&nbsp; 900346 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania) ; <br> Series 2025 A, RB<sup>(c)</sup> <br>| 4.25% | 02/15/2055 |  | 7500 | &nbsp;&nbsp; 7162282 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Widener College); <br> Series 2014, Ref. RB<br>| 5.00% | 07/15/2038 |  | 1000 | &nbsp;&nbsp; 1000038 |
| Pennsylvania (Commonwealth of) Housing Finance Agency; Series 2019-131 A, RB | 3.10% | 10/01/2044 |  | 2500 | &nbsp;&nbsp; 2066030 |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 141-A, RB | 5.75% | 10/01/2053 |  | 796 | &nbsp;&nbsp; 843347 |
| &nbsp;&nbsp;&nbsp; Series 2023 143-A, RB | 5.30% | 04/01/2044 |  | 2020 | &nbsp;&nbsp; 2127234 |
| &nbsp;&nbsp;&nbsp; Series 2024-145A, RB | 6.00% | 10/01/2054 |  | 3380 | &nbsp;&nbsp; 3660951 |
| &nbsp;&nbsp;&nbsp; Series 2024-146A, RB | 4.75% | 04/01/2053 |  | 3000 | &nbsp;&nbsp; 2989553 |
| &nbsp;&nbsp;&nbsp; Series 2025-148A, RB<sup>(c)</sup> <br>| 4.80% | 10/01/2055 |  | 5000 | &nbsp;&nbsp; 4993684 |
| &nbsp;&nbsp;&nbsp; Series 2025-149A, RB<sup>(c)</sup> <br>| 5.15% | 10/01/2050 |  | 10000 | &nbsp;&nbsp; 10183853 |
| Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 06/01/2032 |  | 2500 | &nbsp;&nbsp; 2543658 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(k)(l)</sup> <br>| 5.00% | 12/01/2026 |  | 5 | &nbsp;&nbsp; 5122 |
| Pennsylvania (Commonwealth of) Turnpike Commission; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009 C, RB (INS - AGI)<sup>(a)</sup> <br>| 6.25% | 06/01/2033 |  | 2000 | &nbsp;&nbsp; 2033312 |
| &nbsp;&nbsp;&nbsp; Series 2009 E, RB | 6.38% | 12/01/2038 |  | 11435 | &nbsp;&nbsp; 12054134 |
| &nbsp;&nbsp;&nbsp; Series 2015 B, RB<sup>(k)(l)</sup> <br>| 5.00% | 12/01/2025 |  | 500 | &nbsp;&nbsp; 500000 |
| &nbsp;&nbsp;&nbsp; Series 2017 B-1, RB | 5.25% | 06/01/2047 |  | 1630 | &nbsp;&nbsp; 1655054 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB | 5.00% | 12/01/2049 |  | 9660 | &nbsp;&nbsp; 9990023 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB | 5.00% | 12/01/2050 |  | 5150 | &nbsp;&nbsp; 5327187 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 12/01/2050 |  | 3000 | &nbsp;&nbsp; 2734525 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 4.00% | 12/01/2051 |  | 13190 | &nbsp;&nbsp; 12104852 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, Ref. RB | 5.25% | 12/01/2052 |  | 3000 | &nbsp;&nbsp; 3178270 |
| &nbsp;&nbsp;&nbsp; Series 2023, Ref. RN (SIFMA Municipal Swap Index + 0.85%)<sup>(d)(k)</sup> <br>| 3.64% | 07/15/2026 |  | 2000 | &nbsp;&nbsp; 1997951 |
| &nbsp;&nbsp;&nbsp; Series 2025 B, RB<sup>(c)</sup> <br>| 5.25% | 12/01/2055 |  | 5000 | &nbsp;&nbsp; 5391551 |

---

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

**Invesco Pennsylvania Municipal Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** |  |  |
| Philadelphia (City of), PA; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 15, Ref. RB | 5.00% | 08/01/2047 |  | $3620 | &nbsp;&nbsp; $3656074 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.25% | 10/01/2052 |  | 7405 | &nbsp;&nbsp; 7533934 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. GO Bonds | 5.00% | 08/01/2041 |  | 1000 | &nbsp;&nbsp; 1023038 |
| &nbsp;&nbsp;&nbsp; Series 2019 B, GO Bonds | 5.00% | 02/01/2037 |  | 145 | &nbsp;&nbsp; 153965 |
| &nbsp;&nbsp;&nbsp; Series 2020 C, Ref. RB<sup>(b)</sup> <br>| 4.00% | 07/01/2050 |  | 2225 | &nbsp;&nbsp; 1975767 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB (INS - AGI)<sup>(a)(b)</sup> <br>| 4.00% | 07/01/2037 |  | 1000 | &nbsp;&nbsp; 1008572 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB (INS - AGI)<sup>(a)(c)</sup> <br>| 5.50% | 09/01/2053 |  | 7500 | &nbsp;&nbsp; 8109641 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, RB (INS - AGI)<sup>(a)(c)</sup> <br>| 5.25% | 09/01/2049 |  | 2500 | &nbsp;&nbsp; 2694729 |
| &nbsp;&nbsp;&nbsp; Series 2025 B, Ref. RB<sup>(b)</sup> <br>| 5.00% | 07/01/2055 |  | 2500 | &nbsp;&nbsp; 2559328 |
| &nbsp;&nbsp;&nbsp; Sixteenth Series 2020 A, RB (INS - AGI)<sup>(a)</sup> <br>| 4.00% | 08/01/2045 |  | 1735 | &nbsp;&nbsp; 1677840 |
| Philadelphia (City of), PA (1998 General Ordinance); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.25% | 08/01/2049 |  | 5900 | &nbsp;&nbsp; 6280752 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB (INS - AGI)<sup>(a)</sup> <br>| 5.25% | 08/01/2054 |  | 8595 | &nbsp;&nbsp; 9080784 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (Children's Hospital of Philadelphia <br> (The)); Series 2024 A, RB<sup>(c)</sup> <br>| 5.25% | 07/01/2049 |  | 27870 | &nbsp;&nbsp; 29720935 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (Discovery Charter School); <br> Series 2022, Ref. RB<sup>(e)</sup> <br>| 5.00% | 04/15/2052 |  | 2400 | &nbsp;&nbsp; 2126441 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (Green Woods Charter School); <br> Series 2022 A, Ref. RB<br>| 5.38% | 06/15/2057 |  | 1000 | &nbsp;&nbsp; 968384 |
| Philadelphia (City of), PA Authority for Industrial Development (Independence Charter School - West); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 4.00% | 06/15/2029 |  | 200 | &nbsp;&nbsp; 195905 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 5.00% | 06/15/2050 |  | 350 | &nbsp;&nbsp; 303956 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (International Apartments at Temple <br> University);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2010 A, IDR (Acquired 10/07/2010; Cost $1,560,000)<sup>(f)(j)</sup> <br>| 5.38% | 06/15/2030 |  | 1560 | &nbsp;&nbsp; 1170000 |
| &nbsp;&nbsp;&nbsp; Series 2010 A, IDR (Acquired 08/26/2010; Cost $4,000,000)<sup>(f)(j)</sup> <br>| 5.63% | 06/15/2042 |  | 4000 | &nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (Kipp Philadelphia Charter School); <br> Series 2016 B, RB<br>| 5.00% | 04/01/2046 |  | 1640 | &nbsp;&nbsp; 1304052 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (MaST I Charter School); Series 2016 <br> A, Ref. RB<br>| 5.25% | 08/01/2046 |  | 1720 | &nbsp;&nbsp; 1722226 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (PresbyHomes Germantown/<br> Morrisville); Series 2005 A, RB<br>| 5.63% | 07/01/2035 |  | 2040 | &nbsp;&nbsp; 2042779 |
| Philadelphia (City of), PA Authority for Industrial Development (Rebuild); Series 2025 A, RB | 5.00% | 12/01/2045 |  | 2500 | &nbsp;&nbsp; 2682158 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (Richard Allen Preparatory Charter <br> School); Series 2006, RB<br>| 6.25% | 05/01/2033 |  | 1385 | &nbsp;&nbsp; 1385617 |
| Philadelphia (City of), PA Authority for Industrial Development (Social Bonds); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(e)</sup> <br>| 5.00% | 06/15/2039 |  | 1110 | &nbsp;&nbsp; 1122380 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(e)</sup> <br>| 5.00% | 06/15/2043 |  | 1000 | &nbsp;&nbsp; 977031 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University); Series 2022, <br> RB<br>| 5.25% | 11/01/2052 |  | 2000 | &nbsp;&nbsp; 2067992 |
| &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 |  | 17635 | &nbsp;&nbsp; 17753968 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (University of the Sciences); <br> Series 2017, RB<br>| 5.00% | 11/01/2047 |  | 2500 | &nbsp;&nbsp; 2452708 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (University Square Apartments); <br> Series 2017, RB<sup>(k)(l)</sup> <br>| 5.00% | 12/01/2026 |  | 9000 | &nbsp;&nbsp; 9178596 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated <br> Group); Series 2017, Ref. RB<br>| 5.00% | 07/01/2049 |  | 4500 | &nbsp;&nbsp; 4074865 |
| Philadelphia (City of), PA Parking Authority (The); Series 1999 A, RB (INS - AMBAC)<sup>(a)</sup> <br>| 5.25% | 02/15/2029 |  | 20 | &nbsp;&nbsp; 20041 |
| Philadelphia School District (The); Series 2019 A, GO Bonds | 5.00% | 09/01/2044 |  | 1500 | &nbsp;&nbsp; 1535932 |
| &nbsp;&nbsp;&nbsp; Pittsburgh (City of), PA Urban Redevelopment Authority (Marian Plaza); Series 2007, RB (CEP - <br> GNMA)<sup>(b)</sup> <br>| 6.13% | 01/20/2043 |  | 2285 | &nbsp;&nbsp; 2286545 |
| Scranton School District; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 E, Ref. GO Bonds (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 12/01/2034 |  | 820 | &nbsp;&nbsp; 852403 |
| &nbsp;&nbsp;&nbsp; Series 2017 E, Ref. GO Bonds (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 12/01/2035 |  | 750 | &nbsp;&nbsp; 777915 |
| Scranton-Lackawanna Health and Welfare Authority (University of Scranton); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB | 5.00% | 11/01/2050 |  | 2165 | &nbsp;&nbsp; 2205727 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB | 4.38% | 11/01/2055 |  | 2325 | &nbsp;&nbsp; 2128060 |
| Southcentral Pennsylvania General Authority (Hanover Hospital, Inc.); Series 2015, Ref. RB | 5.00% | 12/01/2029 |  | 1000 | &nbsp;&nbsp; 1000757 |
| Southeastern Pennsylvania Transportation Authority (Asset Improvement Program); Series 2022, RB | 5.25% | 06/01/2047 |  | 3000 | &nbsp;&nbsp; 3170198 |

---

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

**Invesco Pennsylvania Municipal Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** |  |  |
| Susquehanna Area Regional Airport Authority; Series 2017, Ref. RB<sup>(b)</sup> <br>| 5.00% | 01/01/2038 |  | $1350 | &nbsp;&nbsp; $1362602 |
| Tender Option Bond Trust Receipts/Certificates; Series 2025, VRD RB<sup>(e)(m)</sup> <br>| 2.82% | 12/01/2032 |  | 1900 | &nbsp;&nbsp; 1900000 |
| Washington (County of), PA Redevelopment Authority (Victory Centre); Series 2018, Ref. RB | 5.00% | 07/01/2028 |  | 260 | &nbsp;&nbsp; 261158 |
| West Shore Area Authority (Messiah Village); Series 2015 A, Ref. RB | 5.00% | 07/01/2035 |  | 1515 | &nbsp;&nbsp; 1512817 |
| West Shore School District; Series 2020, GO Bonds | 4.00% | 11/15/2048 |  | 2000 | &nbsp;&nbsp; 1893532 |
| Wilkes-Barre Area School District; Series 2016 B, GO Bonds (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 08/01/2034 |  | 2600 | &nbsp;&nbsp; 2657858 |
|  |  |  |  |  | &nbsp;&nbsp; 668146725 |
| **Puerto Rico–10.58%** | **Puerto Rico–10.58%** | **Puerto Rico–10.58%** | **Puerto Rico–10.58%** |  |  |
| Children's Trust Fund; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.50% | 05/15/2039 |  | 10335 | &nbsp;&nbsp; 10476860 |
| &nbsp;&nbsp;&nbsp; Series 2005 A, RB<sup>(g)</sup> <br>| 0.00% | 05/15/2050 |  | 48320 | &nbsp;&nbsp; 9967300 |
| &nbsp;&nbsp;&nbsp; Series 2008 A, RB<sup>(g)</sup> <br>| 0.00% | 05/15/2057 |  | 415530 | &nbsp;&nbsp; 19850200 |
| Puerto Rico (Commonwealth of); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(g)</sup> <br>| 0.00% | 07/01/2033 |  | 2000 | &nbsp;&nbsp; 1441943 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.63% | 07/01/2027 |  | 1433 | &nbsp;&nbsp; 1465514 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.63% | 07/01/2029 |  | 1409 | &nbsp;&nbsp; 1496335 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.75% | 07/01/2031 |  | 1369 | &nbsp;&nbsp; 1507915 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2033 |  | 1298 | &nbsp;&nbsp; 1297248 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2035 |  | 1167 | &nbsp;&nbsp; 1159023 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2037 |  | 1001 | &nbsp;&nbsp; 962761 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2041 |  | 1362 | &nbsp;&nbsp; 1258990 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2046 |  | 1416 | &nbsp;&nbsp; 1259892 |
| &nbsp;&nbsp;&nbsp; Subseries 2022, RN<sup>(g)</sup> <br>| 0.00% | 11/01/2043 |  | 5508 | &nbsp;&nbsp; 3532294 |
| Puerto Rico (Commonwealth of) Electric Power Authority; Series 2007 TT, RB<sup>(j)</sup> <br>| 5.00% | 07/01/2032 |  | 1225 | &nbsp;&nbsp; 817687 |
| Puerto Rico (Commonwealth of) GDB Debt Recovery Authority; Series 2023, RB | 7.50% | 08/20/2040 |  | 169 | &nbsp;&nbsp; 164015 |
| Puerto Rico Sales Tax Financing Corp.; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(g)</sup> <br>| 0.00% | 07/01/2046 |  | 3912 | &nbsp;&nbsp; 1333983 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(g)</sup> <br>| 0.00% | 07/01/2051 |  | 7242 | &nbsp;&nbsp; 1804827 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 5.00% | 07/01/2058 |  | 5037 | &nbsp;&nbsp; 4910903 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.33% | 07/01/2040 |  | 2750 | &nbsp;&nbsp; 2682299 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.54% | 07/01/2053 |  | 91 | &nbsp;&nbsp; 83004 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.78% | 07/01/2058 |  | 1216 | &nbsp;&nbsp; 1147989 |
| University of Puerto Rico; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006 P, Ref. RB (Acquired 01/02/2015-01/22/2015; Cost $1,934,088)<sup>(f)</sup> <br>| 5.00% | 06/01/2030 |  | 3235 | &nbsp;&nbsp; 3189712 |
| &nbsp;&nbsp;&nbsp; Series 2006 Q, RB (Acquired 01/02/2015-01/05/2015; Cost $782,463)<sup>(f)</sup> <br>| 5.00% | 06/01/2030 |  | 1300 | &nbsp;&nbsp; 1281801 |
|  |  |  |  |  | &nbsp;&nbsp; 73092495 |
| **Virgin Islands–0.95%** | **Virgin Islands–0.95%** | **Virgin Islands–0.95%** | **Virgin Islands–0.95%** |  |  |
| Tobacco Settlement Financing Corp.; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006, RB<sup>(g)</sup> <br>| 0.00% | 05/15/2035 |  | 4150 | &nbsp;&nbsp; 2035044 |
| &nbsp;&nbsp;&nbsp; Series 2006, RB<sup>(g)</sup> <br>| 0.00% | 05/15/2035 |  | 2195 | &nbsp;&nbsp; 1137939 |
| &nbsp;&nbsp;&nbsp; Series 2006, RB<sup>(g)</sup> <br>| 0.00% | 05/15/2035 |  | 7000 | &nbsp;&nbsp; 3432605 |
|  |  |  |  |  | &nbsp;&nbsp; 6605588 |
| **Guam–0.22%** | **Guam–0.22%** | **Guam–0.22%** | **Guam–0.22%** |  |  |
| Guam (Territory of) Waterworks Authority; Series 2025 A, RB | 5.50% | 07/01/2055 |  | 1000 | &nbsp;&nbsp; 1049689 |
| Guam Housing Corp.; Series 1998 A, RB (CEP - FHLMC)<sup>(b)</sup> <br>| 5.75% | 09/01/2031 |  | 465 | &nbsp;&nbsp; 468697 |
|  |  |  |  |  | &nbsp;&nbsp; 1518386 |
| **Northern Mariana Islands–0.05%** | **Northern Mariana Islands–0.05%** | **Northern Mariana Islands–0.05%** | **Northern Mariana Islands–0.05%** |  |  |
| Northern Mariana Islands (Commonwealth of) Ports Authority; Series 1998 A, RB<sup>(b)</sup> <br>| 6.60% | 03/15/2028 |  | 315 | &nbsp;&nbsp; 320009 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(n)</sup>–108.49% (Cost $782,135,645) | TOTAL INVESTMENTS IN SECURITIES<sup>(n)</sup>–108.49% (Cost $782,135,645) | TOTAL INVESTMENTS IN SECURITIES<sup>(n)</sup>–108.49% (Cost $782,135,645) | TOTAL INVESTMENTS IN SECURITIES<sup>(n)</sup>–108.49% (Cost $782,135,645) |  | &nbsp;&nbsp; 749683203 |
| FLOATING RATE NOTE OBLIGATIONS–(10.55)% | FLOATING RATE NOTE OBLIGATIONS–(10.55)% | FLOATING RATE NOTE OBLIGATIONS–(10.55)% | FLOATING RATE NOTE OBLIGATIONS–(10.55)% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notes with interest and fee rates ranging from 3.34% to 3.48% at 11/30/2025 and <br>contractual maturities of collateral ranging from 06/01/2034 to 12/01/2055<sup>(o)</sup> <br>|  |  |  |  | &nbsp;&nbsp; (72880000)<br>|
| OTHER ASSETS LESS LIABILITIES–2.06% | OTHER ASSETS LESS LIABILITIES–2.06% | OTHER ASSETS LESS LIABILITIES–2.06% | OTHER ASSETS LESS LIABILITIES–2.06% |  | &nbsp;&nbsp; 14182341 |
| NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% |  | &nbsp;&nbsp; $690985544 |

---

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

**Invesco Pennsylvania Municipal Fund**

------

Investment Abbreviations:

---

| | |
|:---|:---|
| AGI | – Assured Guaranty, Inc. |
| AMBAC | – American Municipal Bond Assurance Corp. |
| BAM | – Build America Mutual Assurance Co. |
| CEP | – Credit Enhancement Provider |
| COP | – Certificates of Participation |
| FHLMC | – Federal Home Loan Mortgage Corp. |
| GNMA | – Government National Mortgage Association |
| GO | – General Obligation |
| IDR | – Industrial Development Revenue Bonds |
| INS | – Insurer |
| RB | – Revenue Bonds |
| Ref. | – Refunding |
| RN | – Revenue Notes |
| SIFMA | – Securities Industry and Financial Markets Association |
| SOFR | – Secured Overnight Financing Rate |
| VRD | – Variable Rate Demand |

---

Notes to Schedule of Investments:

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

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

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

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

<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 November 30, 2025 was $50,326,888, which represented 7.28% of the Fund's Net Assets. 

<sup>(f)</sup> Restricted security. The aggregate value of these securities at November 30, 2025 was $21,705,955, which represented 3.14% of the Fund's Net Assets.

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

<sup>(h)</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 $2,000,000. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the TOB Trusts. 

<sup>(i)</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>(j)</sup> Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at November 30, 2025 was $12,988,275, which represented 1.88% of the Fund's Net Assets. 

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

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

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

<sup>(n)</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. | 9.14<br> %<br>|

---

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

<sup>(o)</sup> Floating rate note obligations related to securities held. The interest and fee rates shown reflect the rates in effect at November 30, 2025. At November 30, 2025, the Fund's investments with a value of $101,937,379 are held by TOB Trusts and serve as collateral for the $72,880,000 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 Pennsylvania Municipal Fund**

------

**Notes to Quarterly Schedule of Portfolio Holdings**

*November 30, 2025*

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

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

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

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

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

As of November 30, 2025, all of the securities in this Fund were valued based on Level 2 inputs (see the Schedule of Investments for security categories). 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.

**Invesco Pennsylvania Municipal Fund**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** Invesco Pennsylvania Municipal Fund

- **b. EDGAR series identifier (if any):** S000064637

- **c. LEI of Series:** 549300SOV48MO33XSK28

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $765359435.25

**Total Liabilities:** $75761618.69

**Net Assets:** $689597816.56

**Cash Not Reported:** $4280339.04

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1637.38618469 | **1-Year:** -21394.67830336 | **5-Year:** -68628.25142795 | **10-Year:** -153035.60298457 | **30-Year:** -82335.68284700

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

- **3-Month:** -341.81203028 | **1-Year:** -5529.97715938 | **5-Year:** -17747.09503854 | **10-Year:** -35503.79015956 | **30-Year:** -69623.19585072

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209267 | 3.09%                | 1.31%                | 0.20%                |
| Class ID C000209269 | 3.26%                | 1.37%                | 0.28%                |
| Class ID C000209274 | 3.27%                | 1.38%                | 0.28%                |
| Class ID C000209275 | 3.14%                | 1.46%                | 0.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-23698.89               | $18484249.22                               |
| Month 2  | $-190600.10              | $7571816.46                                |
| Month 3  | $188566.55               | $-1136600.00                               |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                                                                                                  | Title                                                                                                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALLEGHENY CNTY PA ARPT AUTH AR ALLAPT                                                                                                 | ALLEGHENY CNTY PA ARPT AUTH AR ALLAPT                                                                                                                  | CUSIP: 01728LKZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $26370717.50  | 3.82%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| East Hempfield (Township of), PA Industrial Development Authority (Willow Valley Communities)                                         | East Hempfield (Township of), PA Industrial Development Authority (Willow Valley Communities), Series 2016, Ref. RB                                    | CUSIP: 273007CN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3151231.02   | 0.46%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Kipp Philadelphia Charter School)                                    | Philadelphia (City of), PA Authority for Industrial Development (Kipp Philadelphia Charter School), Series 2016 B, RB                                  | CUSIP: 71781XAX1<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1304051.74   | 0.19%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA General Purpose Authority (St. Luke's University Health Network)                                          | Northampton (County of), PA General Purpose Authority (St. Luke's University Health Network), Series 2016, Ref. RB                                     | CUSIP: 66353RCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1173105.88   | 0.17%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.)                                  | Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.), Series 2016, Ref. RB                             | CUSIP: 61360PCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6405000 | PA      | $6466407.94   | 0.94%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Pennsylvania Rapid Bridge Replacement)                       | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Pennsylvania Rapid Bridge Replacement), Series 2015, RB                       | CUSIP: 70869PJY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13590000 | PA      | $13641633.85  | 1.98%             | 2038-12-31      | Fixed         | 5.00%                 | 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        |   2500000 | PA      | $2543657.75   | 0.37%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (MaST I Charter School)                                               | Philadelphia (City of), PA Authority for Industrial Development (MaST I Charter School), Series 2016 A, Ref. RB                                        | CUSIP: 71781XBX0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1722225.51   | 0.25%             | 2046-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA General Purpose Authority (St. Luke's University Health Network)                                          | Northampton (County of), PA General Purpose Authority (St. Luke's University Health Network), Series 2016, Ref. RB                                     | CUSIP: 66353RCB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $333017.09    | 0.05%             | 2036-08-15      | Fixed         | 5.00%                 | 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        |  17635000 | PA      | $17753967.47  | 2.57%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                            | Philadelphia (City of), PA, Series 2017, Ref. GO Bonds                                                                                                 | CUSIP: 717813TL3<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023037.60   | 0.15%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Hospital Authority (Brethren Village)                                                                       | Lancaster (County of), PA Hospital Authority (Brethren Village), Series 2017, Ref. RB                                                                  | CUSIP: 514045S46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1770545.98   | 0.26%             | 2037-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                            | Philadelphia (City of), PA, Series 2017 A, RB                                                                                                          | CUSIP: 717893D32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7405000 | PA      | $7533933.64   | 1.09%             | 2052-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dauphin (County of), PA General Authority (Pinnacle Health System)                                                                    | Dauphin (County of), PA General Authority (Pinnacle Health System), Series 2016 A, Ref. RB                                                             | CUSIP: 23825EDW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $514478.31    | 0.07%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority (Geisinger Health System)                                                                                         | Geisinger Authority (Geisinger Health System), Series 2017 A-1, Ref. RB                                                                                | CUSIP: 368497HP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15138061.50  | 2.20%             | 2045-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (University of the Sciences)                                          | Philadelphia (City of), PA Authority for Industrial Development (University of the Sciences), Series 2017, RB                                          | CUSIP: 71781XDA8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2452708.25   | 0.36%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Avon Grove Charter School)                                                  | Chester (County of), PA Industrial Development Authority (Avon Grove Charter School), Series 2017 A, Ref. RB                                           | CUSIP: 165588DR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $734508.39    | 0.11%             | 2051-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Shore Area Authority (Messiah Village)                                                                                           | West Shore Area Authority (Messiah Village), Series 2015 A, Ref. RB                                                                                    | CUSIP: 95581QAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1512817.04   | 0.22%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority (Geisinger Health System)                                                                                         | Geisinger Authority (Geisinger Health System), Series 2017 A-1, Ref. RB                                                                                | CUSIP: 368497HQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4469682.00   | 0.65%             | 2047-02-15      | Fixed         | 4.00%                 | 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        |   1630000 | PA      | $1655053.59   | 0.24%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated Group)                              | Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated Group), Series 2017, Ref. RB                         | CUSIP: 717824AR7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4074865.20   | 0.59%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                            | Philadelphia (City of), PA, Series 2017 15, Ref. RB                                                                                                    | CUSIP: 71783MAZ8<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   3620000 | PA      | $3656074.02   | 0.53%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The))                                                | Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The)), Series 2017 A, Ref. RB                                         | CUSIP: 08452RAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1137433.73   | 0.16%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Philadelphia Presbytery Homes, Inc.)                                  | Montgomery (County of), PA Higher Education & Health Authority (Philadelphia Presbytery Homes, Inc.), Series 2017, Ref. RB                             | CUSIP: 613603XG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2915000 | PA      | $2829904.45   | 0.41%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Collegium Charter School)                                                   | Chester (County of), PA Industrial Development Authority (Collegium Charter School), Series 2017 A, RB                                                 | CUSIP: 165588DL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2895000 | PA      | $2609318.22   | 0.38%             | 2047-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The))                                                | Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The)), Series 2017 C, RB                                              | CUSIP: 08452RAK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1610601.30   | 0.23%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                                                                      | Commonwealth Financing Authority, Series 2018, RB                                                                                                      | CUSIP: 20282EAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2611552.75   | 0.38%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                                                                      | Commonwealth Financing Authority, Series 2018, RB                                                                                                      | CUSIP: 20282EAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521412.70    | 0.08%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (County of), PA Redevelopment Authority (Victory Centre)                                                                   | Washington (County of), PA Redevelopment Authority (Victory Centre), Series 2018, Ref. RB                                                              | CUSIP: 938618AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $261158.38    | 0.04%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                                                                      | Commonwealth Financing Authority, Series 2018, RB                                                                                                      | CUSIP: 20282EAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2725000 | PA      | $2702650.37   | 0.39%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center)                                             | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center), Series 2018, RB                                             | CUSIP: 018444BC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3915000 | PA      | $3942878.72   | 0.57%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of)                                                                                                        | Pennsylvania (Commonwealth of), Series 2018 A, Ref. COP                                                                                                | CUSIP: 709144PB9<br>LEI: 549300WICSGUHKHF1T85 | Long             | DBT              | MUN               | US        |    540000 | PA      | $515833.33    | 0.07%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA General Purpose Authority (St. Luke's University Health Network)                                          | Northampton (County of), PA General Purpose Authority (St. Luke's University Health Network), Series 2018 A, Ref. RB                                   | CUSIP: 66353RCF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8430000 | PA      | $7422336.81   | 1.08%             | 2048-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bucks (County of), PA Industrial Development Authority (Pennswood Village)                                                            | Bucks (County of), PA Industrial Development Authority (Pennswood Village), Series 2018, Ref. RB                                                       | CUSIP: 118612MV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $273784.27    | 0.04%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue)                             | Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue), Series 2018 A, Ref. RB                      | CUSIP: 01728A4A1<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4265376.08   | 0.62%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.)                                                         | Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.), Series 2018, Ref. RB                                                    | CUSIP: 353273BX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $451966.35    | 0.07%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.)                                                         | Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.), Series 2018, Ref. RB                                                    | CUSIP: 353273BW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001742.00   | 0.15%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.)                                                         | Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.), Series 2018, Ref. RB                                                    | CUSIP: 353273BZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7080000 | PA      | $6204189.13   | 0.90%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (Meadwood Senior Living)                                                  | Montgomery (County of), PA Industrial Development Authority (Meadwood Senior Living), Series 2018 A, Ref. RB                                           | CUSIP: 613609F92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4938984.00   | 0.72%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Housing Corp.                                                                                                                    | Guam Housing Corp., Series 1998 A, RB                                                                                                                  | CUSIP: 40064MBC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $468697.35    | 0.07%             | 2031-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                    | Tobacco Settlement Financing Corp., Series 2006, RB                                                                                                    | CUSIP: 88880RAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2195000 | PA      | $1137939.14   | 0.17%             | 2035-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (University Student Housing, LLC at West Chester University of Pennsylvania) | Chester (County of), PA Industrial Development Authority (University Student Housing, LLC at West Chester University of Pennsylvania), Series 2013 A,  | CUSIP: 16559PAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000046.20   | 0.15%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA Industrial Development Authority (Northampton Generating Co. L.P.)                                        | Northampton (County of), PA Industrial Development Authority (Northampton Generating Co. L.P.), Series 2013 A, RB                                      | CUSIP: 663547AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14826610 | PA      | $6523708.40   | 0.95%             | 2027-06-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Delaware (County of), PA Authority (Neumann University)                                                                               | Delaware (County of), PA Authority (Neumann University), Series 2016, Ref. RB                                                                          | CUSIP: 246008NT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1015392.40   | 0.15%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wilkes-Barre Area School District                                                                                                     | Wilkes-Barre Area School District, Series 2016 B, GO Bonds                                                                                             | CUSIP: 968261MU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2657857.80   | 0.39%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (University Square Apartments)                                        | Philadelphia (City of), PA Authority for Industrial Development (University Square Apartments), Series 2017, RB                                        | CUSIP: 717908AH0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9178596.00   | 1.33%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown City School District                                                                                                        | Allentown City School District, Series 2018 B, GO Bonds                                                                                                | CUSIP: 018411TN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1258771.75   | 0.18%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown City School District                                                                                                        | Allentown City School District, Series 2018 B, GO Bonds                                                                                                | CUSIP: 018411TP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1263000.25   | 0.18%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aliquippa School District                                                                                                             | Aliquippa School District, Series 2018, Ref. GO Bonds                                                                                                  | CUSIP: 016364CZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1760871.53   | 0.26%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Woodlands at Greystone)                                                     | Chester (County of), PA Industrial Development Authority (Woodlands at Greystone), Series 2018, RB                                                     | CUSIP: 16559WAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $671389.02    | 0.10%             | 2048-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (PresbyHomes Germantown/Morrisville)                                  | Philadelphia (City of), PA Authority for Industrial Development (PresbyHomes Germantown/Morrisville), Series 2005 A, RB                                | CUSIP: 717824AL0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2042779.09   | 0.30%             | 2035-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                    | Tobacco Settlement Financing Corp., Series 2006, RB                                                                                                    | CUSIP: 88880RAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4150000 | PA      | $2035044.22   | 0.30%             | 2035-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| University of Puerto Rico                                                                                                             | University of Puerto Rico, Series 2006 Q, RB                                                                                                           | CUSIP: 914811PQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1281800.91   | 0.19%             | 2030-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Pittsburgh (City of), PA Urban Redevelopment Authority (Marian Plaza)                                                                 | Pittsburgh (City of), PA Urban Redevelopment Authority (Marian Plaza), Series 2007, RB                                                                 | CUSIP: 72530PAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2286545.12   | 0.33%             | 2043-01-20      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Residential Finance Authority (Allegheny Independence House Apartments)                                     | Allegheny (County of), PA Residential Finance Authority (Allegheny Independence House Apartments), Series 2007 B, RB                                   | CUSIP: 017353AK9<br>LEI: 549300VWEYQR7GL42W15 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1040431.60   | 0.15%             | 2043-01-20      | Fixed         | 6.10%                 | 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        | 415530000 | PA      | $19850200.52  | 2.88%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Widener College)                                              | Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Widener College), Series 2014, Ref. RB                                         | CUSIP: 70917SLY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000038.10   | 0.15%             | 2038-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                                                                       | Chester County Industrial Development Authority, Series 2018, RB                                                                                       | CUSIP: 16559WAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100056.72    | 0.01%             | 2028-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Richard Allen Preparatory Charter School)                            | Philadelphia (City of), PA Authority for Industrial Development (Richard Allen Preparatory Charter School), Series 2006, RB                            | CUSIP: 717818Q92<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1385617.29   | 0.20%             | 2033-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| University of Puerto Rico                                                                                                             | University of Puerto Rico, Series 2006 P, Ref. RB                                                                                                      | CUSIP: 914811NU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3235000 | PA      | $3189712.26   | 0.46%             | 2030-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Northampton (County of), PA Industrial Development Authority                                                                          | Northampton (County of), PA Industrial Development Authority, Series 2013, RB                                                                          | CUSIP: 663547AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8167095 | PA      | $1470077.10   | 0.21%             | 2027-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Industrial Development Authority (Propel Charter School - Sunrise)                                          | Allegheny (County of), PA Industrial Development Authority (Propel Charter School - Sunrise), Series 2013, RB                                          | CUSIP: 01730CAK4<br>LEI: 5493001680EYSTWFLS08 | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1432392.27   | 0.21%             | 2038-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Southcentral Pennsylvania General Authority (Hanover Hospital, Inc.)                                                                  | Southcentral Pennsylvania General Authority (Hanover Hospital, Inc.), Series 2015, Ref. RB                                                             | CUSIP: 84129NKJ7<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000756.50   | 0.15%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware (County of), PA Authority (Neumann University)                                                                               | Delaware (County of), PA Authority (Neumann University), Series 2016, Ref. RB                                                                          | CUSIP: 246008NU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2305000 | PA      | $2305396.69   | 0.33%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware (County of), PA Industrial Development Authority (Mercy Health Corp. of Southeastern PA)                                     | Delaware (County of), PA Industrial Development Authority (Mercy Health Corp. of Southeastern PA), Series 2016 A, RB                                   | CUSIP: 246018GA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2047855.26   | 0.30%             | 2046-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Susquehanna Area Regional Airport Authority                                                                                           | Susquehanna Area Regional Airport Authority, Series 2017, Ref. RB                                                                                      | CUSIP: 86909RBH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1362602.39   | 0.20%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Mariana Islands (Commonwealth of) Ports Authority                                                                            | Northern Mariana Islands (Commonwealth of) Ports Authority, Series 1998 A, RB                                                                          | CUSIP: 66537RAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $320008.85    | 0.05%             | 2028-03-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Higher Education Building Authority (Robert Morris University)                                              | Allegheny (County of), PA Higher Education Building Authority (Robert Morris University), Series 1998 A, Ref. RB                                       | CUSIP: 01729EGM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $83682.07     | 0.01%             | 2028-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                    | Tobacco Settlement Financing Corp., Series 2006, RB                                                                                                    | CUSIP: 88880RAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $3432604.70   | 0.50%             | 2035-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (International Apartments at Temple University)                       | Philadelphia (City of), PA Authority for Industrial Development (International Apartments at Temple University), Series 2010 A, IDR                    | CUSIP: 7178185B0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1170000.00   | 0.17%             | 2030-06-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (International Apartments at Temple University)                       | Philadelphia (City of), PA Authority for Industrial Development (International Apartments at Temple University), Series 2010 A, IDR                    | CUSIP: 7178185C8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3000000.00   | 0.44%             | 2042-06-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2015 B, RB                                                                                  | CUSIP: 709224KR9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.07%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA General Purpose Authority (Moravian College)                                                              | Northampton (County of), PA General Purpose Authority (Moravian College), Series 2016, Ref. RB                                                         | CUSIP: 66353LCY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2269945.13   | 0.33%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scranton School District                                                                                                              | Scranton School District, Series 2017 E, Ref. GO Bonds                                                                                                 | CUSIP: 810827XG5<br>LEI: 549300SDNGI3OKNOUW62 | Long             | DBT              | MUN               | US        |    820000 | PA      | $852402.96    | 0.12%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scranton School District                                                                                                              | Scranton School District, Series 2017 E, Ref. GO Bonds                                                                                                 | CUSIP: 810827XH3<br>LEI: 549300SDNGI3OKNOUW62 | Long             | DBT              | MUN               | US        |    750000 | PA      | $777915.23    | 0.11%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland (County of), PA Municipal Authority (Messiah Village)                                                                      | Cumberland (County of), PA Municipal Authority (Messiah Village), Series 2018, Ref. RB                                                                 | CUSIP: 230614NE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3210000 | PA      | $3211381.91   | 0.47%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center)                                             | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center), Series 2018, RB                                             | CUSIP: 018444BF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4047794.80   | 0.59%             | 2042-05-01      | Fixed         | 5.38%                 | No            |                  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        |   5037000 | PA      | $4910902.73   | 0.71%             | 2058-07-01      | 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        |   3912000 | PA      | $1333983.00   | 0.19%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                 | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JQH1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   7242000 | PA      | $1804827.34   | 0.26%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Philadelphia Presbytery Homes, Inc.)                                  | Montgomery (County of), PA Higher Education & Health Authority (Philadelphia Presbytery Homes, Inc.), Series 2017, Ref. RB                             | CUSIP: 613603XF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $759313.20    | 0.11%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Municipal Authority (Misericordia University)                                                                             | Dallas Area Municipal Authority (Misericordia University), Series 2019, Ref. RB                                                                        | CUSIP: 235171AQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1149957.81   | 0.17%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Municipal Authority (Misericordia University)                                                                             | Dallas Area Municipal Authority (Misericordia University), Series 2019, Ref. RB                                                                        | CUSIP: 235171AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3610293.60   | 0.52%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center)                                    | Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center), Series 2007 A-1, RB                                | CUSIP: 01728AH25<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |    365000 | PA      | $364781.44    | 0.05%             | 2037-02-01      | Floating      | 3.58%                 | No            |                  2 | On Loan: No      |
| Northeastern Pennsylvania (Commonwealth of) Hospital & Education Authority (Kings College)                                            | Northeastern Pennsylvania (Commonwealth of) Hospital & Education Authority (Kings College), Series 2019, RB                                            | CUSIP: 664551DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $2980381.12   | 0.43%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (Waverly Heights Ltd.)                                                    | Montgomery (County of), PA Industrial Development Authority (Waverly Heights Ltd.), Series 2019, Ref. RB                                               | CUSIP: 613609K54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503446.55   | 0.22%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (Waverly Heights Ltd.)                                                    | Montgomery (County of), PA Industrial Development Authority (Waverly Heights Ltd.), Series 2019, Ref. RB                                               | CUSIP: 613609K62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1284665.20   | 0.19%             | 2049-12-01      | 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: 613603B32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $936249.30    | 0.14%             | 2044-09-01      | 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 2019, Ref. RB                                     | CUSIP: 613603B40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4950855.80   | 0.72%             | 2049-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster (City of), PA Industrial Development Authority (Willow Valley Communities)                                                  | Lancaster (City of), PA Industrial Development Authority (Willow Valley Communities), Series 2019, RB                                                  | CUSIP: 514349CY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7765000 | PA      | $7568366.91   | 1.10%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                 | Puerto Rico Sales Tax Financing Corp., Series 2019 A-2, RB                                                                                             | CUSIP: 74529JRH0<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2682298.58   | 0.39%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                 | Puerto Rico Sales Tax Financing Corp., Series 2019 A-2, RB                                                                                             | CUSIP: 74529JRK3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |     91000 | PA      | $83003.55     | 0.01%             | 2053-07-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                 | Puerto Rico Sales Tax Financing Corp., Series 2019 A-2, RB                                                                                             | CUSIP: 74529JRL1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1216000 | PA      | $1147988.76   | 0.17%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2019 A, RB                                                                                  | CUSIP: 709224S91<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   9660000 | PA      | $9990023.27   | 1.45%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Covanta Holding Corp.) (Green Bonds)                         | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Covanta Holding Corp.) (Green Bonds), Series 2019 A, RB                       | CUSIP: 708692BQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6550000 | PA      | $5283015.16   | 0.77%             | 2039-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.)                                                         | Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.), Series 2019, RB                                                         | CUSIP: 353273CC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $745066.47    | 0.11%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                            | Philadelphia (City of), PA, Series 2019 B, GO Bonds                                                                                                    | CUSIP: 717813XM6<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    145000 | PA      | $153965.36    | 0.02%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia School District (The)                                                                                                    | Philadelphia School District (The), Series 2019 A, GO Bonds                                                                                            | CUSIP: 717883WG3<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1535932.05   | 0.22%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA (Lehigh Valley Health Network)                                                                                 | Lehigh (County of), PA (Lehigh Valley Health Network), Series 2019, Ref. RB                                                                            | CUSIP: 52480GDW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6160743.40   | 0.89%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Industrial Development Authority (United States Steel Corp.)                                                | Allegheny (County of), PA Industrial Development Authority (United States Steel Corp.), Series 2019, Ref. RB                                           | CUSIP: 01730PAB5<br>LEI: 5493001680EYSTWFLS08 | Long             | DBT              | MUN               | US        |   3990000 | PA      | $4197474.81   | 0.61%             | 2030-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA (Lehigh Valley Health Network)                                                                                 | Lehigh (County of), PA (Lehigh Valley Health Network), Series 2019 A, Ref. RB                                                                          | CUSIP: 52480GDU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10232863.00  | 1.48%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System)                     | Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System), Series 2019, RB                     | CUSIP: 70917S6Y4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $900346.40    | 0.13%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency                                                                                 | Pennsylvania (Commonwealth of) Housing Finance Agency, Series 2019-131 A, RB                                                                           | CUSIP: 70879QGK3<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2066029.50   | 0.30%             | 2044-10-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.)                                        | Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.), Series 2019, Ref. RB                                   | CUSIP: 663549NU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $919461.06    | 0.13%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.)                                        | Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.), Series 2019, Ref. RB                                   | CUSIP: 663549NT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $495795.45    | 0.07%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.)                                        | Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.), Series 2019, Ref. RB                                   | CUSIP: 663549NV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $867597.76    | 0.13%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System)                     | Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System), Series 2019, RB                     | CUSIP: 70917S6W8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9435094.00   | 1.37%             | 2044-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Independence Charter School - West)                                  | Philadelphia (City of), PA Authority for Industrial Development (Independence Charter School - West), Series 2019, RB                                  | CUSIP: 71781XGA5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    350000 | PA      | $303955.79    | 0.04%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Independence Charter School - West)                                  | Philadelphia (City of), PA Authority for Industrial Development (Independence Charter School - West), Series 2019, RB                                  | CUSIP: 71781XFY4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    200000 | PA      | $195904.46    | 0.03%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services)                                             | Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services), Series 2019, Ref. RB                                        | CUSIP: 165579GN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $80045.31     | 0.01%             | 2029-12-01      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services)                                             | Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services), Series 2019, Ref. RB                                        | CUSIP: 165579GP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $230254.53    | 0.03%             | 2039-12-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services)                                             | Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services), Series 2019, Ref. RB                                        | CUSIP: 165579GQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $6230433.60   | 0.90%             | 2051-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Cheltenham (Township of), PA                                                                                                          | Cheltenham (Township of), PA, Series 2018, GO Bonds                                                                                                    | CUSIP: 163483VU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $469714.56    | 0.07%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Delaware (County of), PA Authority (Elywn)                                                                                            | Delaware (County of), PA Authority (Elywn), Series 2017, Ref. RB                                                                                       | CUSIP: 245913MZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $176420.35    | 0.03%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Penn Hills School District                                                                                                            | Penn Hills School District, Series 2020, Ref. GO Bonds                                                                                                 | CUSIP: 707487KG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3358807.20   | 0.49%             | 2042-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The))                                                | Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The)), Series 2017 C, RB                                              | CUSIP: 08452RAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1604197.92   | 0.23%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coatesville School District                                                                                                           | Coatesville School District, Series 2020 A, GO Bonds                                                                                                   | CUSIP: 190684PQ7<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |    300000 | PA      | $211431.93    | 0.03%             | 2034-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Coatesville School District                                                                                                           | Coatesville School District, Series 2020 A, GO Bonds                                                                                                   | CUSIP: 190684PU8<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $1538726.22   | 0.22%             | 2038-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Coatesville School District                                                                                                           | Coatesville School District, Series 2020 B, Ref. GO Bonds                                                                                              | CUSIP: 190684PV6<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |    500000 | PA      | $368089.05    | 0.05%             | 2033-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Coatesville School District                                                                                                           | Coatesville School District, Series 2020 B, Ref. GO Bonds                                                                                              | CUSIP: 190684PW4<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |    980000 | PA      | $690677.64    | 0.10%             | 2034-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Coatesville School District                                                                                                           | Coatesville School District, Series 2020 C, Ref. GO Notes                                                                                              | CUSIP: 190684PX2<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |    640000 | PA      | $471153.98    | 0.07%             | 2033-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.)                                  | Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.), Series 2020 C, RB                                | CUSIP: 61360PCL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $315782.01    | 0.05%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.)                                  | Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.), Series 2020 C, RB                                | CUSIP: 61360PCM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1972357.70   | 0.29%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Holy Redeemer Health System)                                          | Montgomery (County of), PA Higher Education & Health Authority (Holy Redeemer Health System), Series 2014 A, Ref. RB                                   | CUSIP: 613603TJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000372.20   | 0.15%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Shore School District                                                                                                            | West Shore School District, Series 2020, GO Bonds                                                                                                      | CUSIP: 955819UY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1893532.20   | 0.27%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of)                                                                                                        | Pennsylvania (Commonwealth of), First Series 2020, GO Bonds                                                                                            | CUSIP: 70914PS94<br>LEI: 549300WICSGUHKHF1T85 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3846479.50   | 0.56%             | 2040-05-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2020 B, RB                                                                                  | CUSIP: 709225AX4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   5150000 | PA      | $5327187.30   | 0.77%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                            | Philadelphia (City of), PA, Series 2020 C, Ref. RB                                                                                                     | CUSIP: 717817WW6<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $1975767.29   | 0.29%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                            | Philadelphia (City of), PA, Sixteenth Series 2020 A, RB                                                                                                | CUSIP: 71783MBY0<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1677840.08   | 0.24%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Capital Region Parking System)                               | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Capital Region Parking System), Series 2013 C, RB                             | CUSIP: 70870EDE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $331799.74    | 0.05%             | 2044-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2021 A, RB                                                                                  | CUSIP: 709225BD7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2734525.20   | 0.40%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                                                                         | Bucks County Industrial Development Authority, Series 2021, RB                                                                                         | CUSIP: 11861MBM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2079174.49   | 0.30%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                                                                         | Bucks County Industrial Development Authority, Series 2021, RB                                                                                         | CUSIP: 11861MBN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1504611.47   | 0.22%             | 2054-07-01      | Fixed         | 5.00%                 | 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        |  13190000 | PA      | $12104852.11  | 1.76%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Latrobe (City of), PA Industrial Development Authority (Seton Hill University)                                                        | Latrobe (City of), PA Industrial Development Authority (Seton Hill University), Series 2021, Ref. RB                                                   | CUSIP: 518324AV0<br>LEI: 5493008FA05J2R0XCZ14 | Long             | DBT              | MUN               | US        |    485000 | PA      | $383559.00    | 0.06%             | 2051-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Erie (City of), PA Higher Education Building Authority (AICUP Financing Program)                                                      | Erie (City of), PA Higher Education Building Authority (AICUP Financing Program), Series 2021, RB                                                      | CUSIP: 295435CS8<br>LEI: 549300JDMWBZICIGLV66 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $989957.63    | 0.14%             | 2041-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (Germantown Academy)                                                      | Montgomery (County of), PA Industrial Development Authority (Germantown Academy), Series 2021, Ref. RB                                                 | CUSIP: 613609L38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2740000 | PA      | $2407441.27   | 0.35%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living)                                  | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living), Series 2021, Ref. RB                             | CUSIP: 70869PNK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6330000 | PA      | $5520159.42   | 0.80%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                            | Philadelphia (City of), PA, Series 2021, Ref. RB                                                                                                       | CUSIP: 717817XT2<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008571.50   | 0.15%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2009 C, RB                                                                                  | CUSIP: 709223XA4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2033312.00   | 0.29%             | 2033-06-01      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Green Bonds)                                                                | Chester (County of), PA Industrial Development Authority (Green Bonds), Series 2021, RB                                                                | CUSIP: 165588FJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11340000 | PA      | $10334705.60  | 1.50%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 TT, RB                                                                             | CUSIP: 74526QKW1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $817687.50    | 0.12%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Parking Authority (The)                                                                                    | Philadelphia (City of), PA Parking Authority (The), Series 1999 A, RB                                                                                  | CUSIP: 717842FX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20040.70     | 0.00%             | 2029-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Airport Authority (Pittsburgh International Airport)                                                        | Allegheny (County of), PA Airport Authority (Pittsburgh International Airport), Series 2021 A, RB                                                      | CUSIP: 01728LFJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16365000 | PA      | $16430438.73  | 2.38%             | 2051-01-01      | Fixed         | 5.00%                 | 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        |   8500000 | PA      | $8518833.45   | 1.24%             | 2056-01-01      | Fixed         | 5.00%                 | 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, Ref. RB                                   | CUSIP: 85732GXC9<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5121.63      | 0.00%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2009 E, RB                                                                                  | CUSIP: 709223XW6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |  11435000 | PA      | $12054134.35  | 1.75%             | 2038-12-01      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Hospital Authority (Penn State Health)                                                                      | Lancaster (County of), PA Hospital Authority (Penn State Health), Series 2021, RB                                                                      | CUSIP: 514045W66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1556578.67   | 0.23%             | 2051-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA General Purpose Authority (Lehigh Valley Academy)                                                              | Lehigh (County of), PA General Purpose Authority (Lehigh Valley Academy), Series 2022, RB                                                              | CUSIP: 52480EAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $4771268.93   | 0.69%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1432560 | PA      | $1465513.89   | 0.21%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1409317 | PA      | $1496334.57   | 0.22%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1368858 | PA      | $1507915.49   | 0.22%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1298041 | PA      | $1297247.64   | 0.19%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1166764 | PA      | $1159022.75   | 0.17%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1001392 | PA      | $962761.00    | 0.14%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1361508 | PA      | $1258989.99   | 0.18%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1415950 | PA      | $1259892.49   | 0.18%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A, GO Bonds                                                                                                 | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1441943.40   | 0.21%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                         | Puerto Rico (Commonwealth of), Subseries 2022, RN                                                                                                      | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   5508451 | PA      | $3532293.90   | 0.51%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Discovery Charter School)                                            | Philadelphia (City of), PA Authority for Industrial Development (Discovery Charter School), Series 2022, Ref. RB                                       | CUSIP: 71781XGM9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2126440.56   | 0.31%             | 2052-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Green Woods Charter school)                                          | Philadelphia (City of), PA Authority for Industrial Development (Green Woods Charter school), Series 2022 A, Ref. RB                                   | CUSIP: 71780CBR0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968384.40    | 0.14%             | 2057-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries)                                                   | Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries), Series 2022 A, RB                                                 | CUSIP: 57778PAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $738915.76    | 0.11%             | 2045-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries)                                                   | Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries), Series 2022 A, RB                                                 | CUSIP: 57778PAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $933794.96    | 0.14%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Sanitary Authority                                                                                          | Allegheny (County of), PA Sanitary Authority, Series 2022, RB                                                                                          | CUSIP: 017357N75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3531208.20   | 0.51%             | 2052-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority (Asset Improvement Program)                                                        | Southeastern Pennsylvania Transportation Authority (Asset Improvement Program), Series 2022, RB                                                        | CUSIP: 842039FQ7<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3170198.40   | 0.46%             | 2047-06-01      | Fixed         | 5.25%                 | 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: 71780TBL6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2067991.80   | 0.30%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2022 B, Ref. RB                                                                             | CUSIP: 709225GL4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3178269.60   | 0.46%             | 2052-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges)                                       | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges), Series 2022, RB                                       | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6195000 | PA      | $6301327.88   | 0.91%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges)                                       | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges), Series 2022, RB                                       | CUSIP: 70868YAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5145000 | PA      | $5237098.59   | 0.76%             | 2057-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds)                                                                  | Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds), Series 2023 141-A, RB                                                            | CUSIP: 70879QSZ7<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    796226 | PA      | $843346.89    | 0.12%             | 2053-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority                                                               | Pennsylvania (Commonwealth of) Economic Development Financing Authority, Series 2023 A-2, RB                                                           | CUSIP: 70870JFN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $2862898.68   | 0.42%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Education Assistance Agency                                                                     | Pennsylvania (Commonwealth of) Higher Education Assistance Agency, Series 2023 A, RB                                                                   | CUSIP: 70878CBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3160000 | PA      | $3119057.46   | 0.45%             | 2044-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Education Assistance Agency                                                                     | Pennsylvania (Commonwealth of) Higher Education Assistance Agency, Series 2023 B, RB                                                                   | CUSIP: 70878CBB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $779147.28    | 0.11%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living)                                  | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living), Series 2023, RB                                  | CUSIP: 70869PPB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1307455.37   | 0.19%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2023, Ref. RN                                                                               | CUSIP: 709222DS9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1997951.00   | 0.29%             | 2026-07-15      | Floating      | 3.64%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Airport Authority (Pittsburgh International Airport)                                                        | Allegheny (County of), PA Airport Authority (Pittsburgh International Airport), Series 2021 A, RB                                                      | CUSIP: 01728LGH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5555000 | PA      | $4851853.66   | 0.70%             | 2056-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Airport Authority (Pittsburgh International Airport)                                                        | Allegheny (County of), PA Airport Authority (Pittsburgh International Airport), Series 2023 A, RB                                                      | CUSIP: 01728LHE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1893106.87   | 0.27%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA General Purpose Authority (Lehigh Valley Dual Language Charter School)                                         | Lehigh (County of), PA General Purpose Authority (Lehigh Valley Dual Language Charter School), Series 2023, RB                                         | CUSIP: 52480EAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3760000 | PA      | $3988125.59   | 0.58%             | 2053-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds)                                                                  | Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds), Series 2023 143-A, RB                                                            | CUSIP: 70879QUJ0<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2127234.12   | 0.31%             | 2044-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Hospital Authority (Masonic Villages)                                                                       | Lancaster (County of), PA Hospital Authority (Masonic Villages), Series 2023, Ref. RB                                                                  | CUSIP: 514045X81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1087037.20   | 0.16%             | 2038-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA (River Pionte)                                                                                             | Montgomery (County of), PA (River Pionte), Series 2023, RB                                                                                             | CUSIP: 613646AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3120000 | PA      | $3186064.13   | 0.46%             | 2043-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Neuweiler Lofts)                                         | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Neuweiler Lofts), Series 2023, RB                                         | CUSIP: 018444CB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3279848.33   | 0.48%             | 2042-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) GDB Debt Recovery Authority                                                                             | Puerto Rico (Commonwealth of) GDB Debt Recovery Authority, Series 2023, RB                                                                             | CUSIP: 36829QAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    169203 | PA      | $164014.66    | 0.02%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center)                                             | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center), Series 2024, RB                                             | CUSIP: 018444CC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7620000 | PA      | $7807897.01   | 1.13%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster (City of), PA Industrial Development Authority (Willow Valley Communities)                                                  | Lancaster (City of), PA Industrial Development Authority (Willow Valley Communities), Series 2019, RB                                                  | CUSIP: 514349CX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1002735.03   | 0.15%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Villanova University)                                        | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Villanova University), Series 2024, RB                                        | CUSIP: 70869PQC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $5931231.15   | 0.86%             | 2054-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Education Assistance Agency                                                                     | Pennsylvania (Commonwealth of) Higher Education Assistance Agency, Series 2024, RB                                                                     | CUSIP: 70878CBH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2889000 | PA      | $2843913.40   | 0.41%             | 2045-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Education Assistance Agency                                                                     | Pennsylvania (Commonwealth of) Higher Education Assistance Agency, Series 2024-1C, RB                                                                  | CUSIP: 70878CBJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1955120.00   | 0.28%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA General Purpose Authority (Muhlenberg College)                                                                 | Lehigh (County of), PA General Purpose Authority (Muhlenberg College), Series 2024, Ref. RB                                                            | CUSIP: 52480RGN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7880000 | PA      | $7920954.72   | 1.15%             | 2054-02-01      | Fixed         | 5.25%                 | 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        |   3380000 | PA      | $3660950.67   | 0.53%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Social Bonds)                                                        | Philadelphia (City of), PA Authority for Industrial Development (Social Bonds), Series 2024, Ref. RB                                                   | CUSIP: 71780CBY5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1122379.94   | 0.16%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Social Bonds)                                                        | Philadelphia (City of), PA Authority for Industrial Development (Social Bonds), Series 2024, Ref. RB                                                   | CUSIP: 71780CBZ2<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $977031.10    | 0.14%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Waterfront-30 E. Allen Street)                           | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Waterfront-30 E. Allen Street), Series 2024, RB                           | CUSIP: 018444CD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $630130.29    | 0.09%             | 2032-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Waterfront-30 E. Allen Street)                           | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Waterfront-30 E. Allen Street), Series 2024, RB                           | CUSIP: 018444CE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1287624.41   | 0.19%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds)                                                                  | Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds), Series 2024-146A, RB                                                             | CUSIP: 70879QXU2<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2989553.40   | 0.43%             | 2053-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Lancaster (City of), PA Municipal Authority (Garden Spot Village)                                                                     | Lancaster (City of), PA Municipal Authority (Garden Spot Village), Series 2024, Ref. RB                                                                | CUSIP: 514350AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1623520.17   | 0.24%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster (City of), PA Municipal Authority (Garden Spot Village)                                                                     | Lancaster (City of), PA Municipal Authority (Garden Spot Village), Series 2024 B, RB                                                                   | CUSIP: 514350AN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1845439.21   | 0.27%             | 2054-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                                                                                         | Lancaster Municipal Authority, Series 2024, RB                                                                                                         | CUSIP: 514350AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1457431.05   | 0.21%             | 2059-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster (City of), PA Municipal Authority (Garden Spot Village)                                                                     | Lancaster (City of), PA Municipal Authority (Garden Spot Village), Series 2024, Ref. RB                                                                | CUSIP: 514350AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1388854.23   | 0.20%             | 2044-05-01      | 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: 71783MDE2<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   5900000 | PA      | $6280752.37   | 0.91%             | 2049-08-01      | Fixed         | 5.25%                 | 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        |   8595000 | PA      | $9080784.24   | 1.32%             | 2054-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Renaissance Academy Charter School)                                         | Chester (County of), PA Industrial Development Authority (Renaissance Academy Charter School), Series 2024, Ref. RB                                    | CUSIP: 165588FV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $558971.19    | 0.08%             | 2054-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Renaissance Academy Charter School)                                         | Chester (County of), PA Industrial Development Authority (Renaissance Academy Charter School), Series 2024, Ref. RB                                    | CUSIP: 165588FU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $710372.32    | 0.10%             | 2049-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Commercial and Industrial Development Authority (Executive Education Academy Charter School)                  | Allentown (City of), PA Commercial and Industrial Development Authority (Executive Education Academy Charter School), Series 2024, Ref. RB             | CUSIP: 01843AAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2801936.40   | 0.41%             | 2059-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adams (County of), PA General Authority (Brethren Home Community (The))                                                               | Adams (County of), PA General Authority (Brethren Home Community (The)), Series 2024, Ref. RB                                                          | CUSIP: 006114AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $3923618.41   | 0.57%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland (County of), PA Municipal Authority                                                                                        | Cumberland (County of), PA Municipal Authority, Series 2015, Ref. RB                                                                                   | CUSIP: 230614TH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $425135.32    | 0.06%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster (City of), PA Municipal Authority (Luthercare Project)                                                                      | Lancaster (City of), PA Municipal Authority (Luthercare Project), Series 2025 A, Ref. RB                                                               | CUSIP: 514350AS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2890000 | PA      | $2811568.87   | 0.41%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                                                        | Tender Option Bond Trust Receipts/Certificates, Series 2025, RB                                                                                        | CUSIP: 88035RV27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1305000.00   | 0.19%             | 2025-12-05      | Variable      | 2.82%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (La Salle University)                                          | Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (La Salle University), Series 2012, RB                                          | CUSIP: 70917R7G4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $822508.73    | 0.12%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scranton-Lackawanna Health and Welfare Authority (University of Scranton)                                                             | Scranton-Lackawanna Health and Welfare Authority (University of Scranton), Series 2025 A, Ref. RB                                                      | CUSIP: 810694N88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2205727.11   | 0.32%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scranton-Lackawanna Health and Welfare Authority (University of Scranton)                                                             | Scranton-Lackawanna Health and Welfare Authority (University of Scranton), Series 2025 A, Ref. RB                                                      | CUSIP: 810694N96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2128060.41   | 0.31%             | 2055-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.)                                  | Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.), Series 2025, Ref. RB                             | CUSIP: 61360PDA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9729084.00   | 1.41%             | 2055-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority                                                               | Pennsylvania (Commonwealth of) Economic Development Financing Authority, Series 2025, Ref. RB                                                          | CUSIP: 708692CA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4276612.40   | 0.62%             | 2035-03-27      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| Adams County General Authority (Gettysburg College)                                                                                   | Adams County General Authority (Gettysburg College), Series 2025, Ref. RB                                                                              | CUSIP: 00611PBR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1278675.38   | 0.19%             | 2050-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of) Waterworks Authority                                                                                              | Guam (Territory of) Waterworks Authority, Series 2025, RB                                                                                              | CUSIP: 40065FFK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049689.30   | 0.15%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                            | Philadelphia (City of), PA, Series 2025, RB                                                                                                            | CUSIP: 717817ZC7<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2559327.50   | 0.37%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center Project)                                     | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center Project), Series 2025, RB                                     | CUSIP: 018444CG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1406383.81   | 0.20%             | 2032-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center Project)                                     | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center Project), Series 2025, RB                                     | CUSIP: 018444CH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2162208.20   | 0.31%             | 2042-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                                                                     | Philadelphia Authority for Industrial Development, Series 2025, RB                                                                                     | CUSIP: 71783DEC5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2682157.50   | 0.39%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester County Health and Education Facilities Authority                                                                              | Chester County Health and Education Facilities Authority, Series 2025, RB                                                                              | CUSIP: 165579HT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1815508.98   | 0.26%             | 2055-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (University Student Housing, LLC at West Chester University of Pennsylvania) | Chester (County of), PA Industrial Development Authority (University Student Housing, LLC at West Chester University of Pennsylvania), Series 2013, RB | CUSIP: 16559PAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $692903.40    | 0.10%             | 2045-08-01      | 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        |  10335000 | PA      | $10476860.28  | 1.52%             | 2039-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY                                                                                                           | PENNSYLVANIA ST HSG FIN AGY                                                                                                                            | CUSIP: 70879QV83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10183853 | PA      | $10000000.00  | 1.45%             | 2050-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL PHIMED                                                                                                  | PHILADELPHIA PA AUTH FOR INDL PHIMED                                                                                                                   | CUSIP: 717901BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27870000 | PA      | $29720935.88  | 4.31%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                 | Children's Trust Fund, Series 2005 A, RB                                                                                                               | CUSIP: 16876QBJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  48320000 | PA      | $9967299.81   | 1.45%             | 2050-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA General Purpose Authority (Kidspeace Obligation Group)                                                         | Lehigh (County of), PA General Purpose Authority (Kidspeace Obligation Group), Series 2014 A, RB                                                       | CUSIP: 52480RCF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |       421 | PA      | $348.97       | 0.00%             | 2044-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA General Purpose Authority (Kidspeace Obligation Group)                                                         | Lehigh (County of), PA General Purpose Authority (Kidspeace Obligation Group), Series 2014 C, RB                                                       | CUSIP: 52480RCH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1197444 | PA      | $6803.04      | 0.00%             | 2044-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Lehigh (County of), PA General Purpose Authority (Kidspeace Obligation Group)                                                         | Lehigh (County of), PA General Purpose Authority (Kidspeace Obligation Group), Series 2014 B, RB                                                       | CUSIP: 52480RCG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315658 | PA      | $194919.07    | 0.03%             | 2044-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Holy Redeemer Health System)                                          | Montgomery (County of), PA Higher Education & Health Authority (Holy Redeemer Health System), Series 2014 A, Ref. RB                                   | CUSIP: 613603TK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $383613.05    | 0.06%             | 2027-10-01      | 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        |    635000 | PA      | $635251.21    | 0.09%             | 2044-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Pennsylvania Rapid Bridge Replacement)                       | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Pennsylvania Rapid Bridge Replacement), Series 2015, RB                       | CUSIP: 70869PHX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11750000 | PA      | $11775936.95  | 1.71%             | 2042-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Hospital Authority (Landis Homes Retirement Community)                                                      | Lancaster (County of), PA Hospital Authority (Landis Homes Retirement Community), Series 2015, Ref. RB                                                 | CUSIP: 514045J20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $608199.50    | 0.09%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer