# EDGAR Filing Document

**Accession Number:** 0001605283
**File Stem:** 0001752724-23-017997
**Filing Date:** 2023-1
**Character Count:** 133591
**Document Hash:** fe005ea9cd10c1ac6b976f4b3657a780
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-017997.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001752724-23-017997

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Invesco Management Trust
- **CENTRAL INDEX KEY:** 0001605283
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22957
- **FILM NUMBER:** 23567178

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

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

## Series and Classes Contracts Data

### Invesco Conservative Income Fund (Series ID: S000045836)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000142880 | Institutional Class | ICIFX           |
| C000199848 | Class A             | ICIVX           |
| C000217951 | Class R6            | ICIRX           |
| C000217952 | Class Y             | ICIYX           |

## Nport-Ex

**Schedule of Investments** 

*November 30, 2022* 

*(Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br>Rate** | **Maturity<br>Date** | **Principal<br>Amount<br>(000)** | **Value** |
|  **U.S. Dollar Denominated Bonds & Notes–49.79%<sup>(a)</sup>**  |  |  |  |  |
|  **Agricultural & Farm Machinery–0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; John Deere Capital Corp. | 0.63% | 09/10/2024 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6222 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5806626 |
| &nbsp;&nbsp;&nbsp;&nbsp; John Deere Capital Corp. | 1.20% | 04/06/2023 | 2687 | 2653586 |
|  |  |  |  | 8460212 |
|  **Application Software–0.18%** |  |  |  |  |
|  Intuit, Inc. | 0.65% | 07/15/2023 | 5000 | 4877153 |
|  **Asset Management & Custody Banks–0.30%** |  |  |  |  |
|  Bank of New York Mellon Corp. (The)<sup>(b)</sup>  | 5.22% | 11/21/2025 | 8333 | 8340854 |
|  **Automobile Manufacturers–4.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; American Honda Finance Corp. | 0.75% | 08/09/2024 | 11200 | 10476222 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Honda Finance Corp. (3 mo. USD LIBOR + 0.37%)<sup>(c)</sup>  | 4.96% | 05/10/2023 | 15000 | 15003119 |
| &nbsp;&nbsp;&nbsp;&nbsp; BMW US Capital LLC<sup>(d)</sup>  | 0.75% | 08/12/2024 | 11111 | 10369853 |
| &nbsp;&nbsp;&nbsp;&nbsp; BMW US Capital LLC<sup>(d)</sup>  | 2.25% | 09/15/2023 | 5215 | 5112849 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hyundai Capital America<sup>(d)</sup>  | 1.00% | 09/17/2024 | 11628 | 10684898 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hyundai Capital America<sup>(d)</sup>  | 2.38% | 02/10/2023 | 14485 | 14397601 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mercedes-Benz Finance North America LLC<sup>(d)</sup>  | 5.50% | 11/27/2024 | 15000 | 15111021 |
| &nbsp;&nbsp;&nbsp;&nbsp; Toyota Motor Credit Corp. (SOFR + 0.32%)<sup>(c)</sup>  | 3.89% | 04/06/2023 | 20000 | 19989841 |
| &nbsp;&nbsp;&nbsp;&nbsp; Volkswagen Group of America Finance LLC<sup>(d)</sup>  | 0.88% | 11/22/2023 | 13000 | 12446155 |
| &nbsp;&nbsp;&nbsp;&nbsp; Volkswagen Group of America Finance LLC<sup>(d)</sup>  | 3.13% | 05/12/2023 | 595 | 589581 |
|  |  |  |  | 114181140 |
|  **Consumer Finance–1.65%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital One Financial Corp. | 2.60% | 05/11/2023 | 14827 | 14667943 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital One Financial Corp. | 3.50% | 06/15/2023 | 13005 | 12906619 |
| &nbsp;&nbsp;&nbsp;&nbsp; Discover Bank | 3.35% | 02/06/2023 | 11861 | 11823227 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Motors Financial Co., Inc. | 3.70% | 05/09/2023 | 6236 | 6197063 |
|  |  |  |  | 45594852 |
|  **Data Processing & Outsourced Services–0.47%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity National Information Services, Inc. | 0.38% | 03/01/2023 | 3572 | 3531713 |
| &nbsp;&nbsp;&nbsp;&nbsp; PayPal Holdings, Inc. | 1.35% | 06/01/2023 | 9687 | 9575240 |
|  |  |  |  | 13106953 |
|  **Department Stores–0.53%** |  |  |  |  |
|  7-Eleven, Inc.<sup>(d)</sup>  | 0.63% | 02/10/2023 | 14794 | 14663758 |
|  **Diversified Banks–16.61%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; ANZ New Zealand (Int'l) Ltd. (New Zealand) (SOFR + 0.60%)<sup>(c)(d)</sup>  | 4.43% | 02/18/2025 | 7500 | 7429624 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco Santander S.A. (Spain) | 3.89% | 05/24/2024 | 17000 | 16661909 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp.<sup>(b)</sup>  | 0.81% | 10/24/2024 | 15000 | 14331307 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp. | 4.10% | 07/24/2023 | 5000 | 4980695 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of Montreal (Canada) | 0.40% | 09/15/2023 | 12500 | 12066857 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of Montreal (Canada) (SOFR + 0.71%)<sup>(c)</sup>  | 3.90% | 03/08/2024 | 13044 | 12984402 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of Montreal (Canada), Series H | 4.25% | 09/14/2024 | 15152 | 14964667 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of Nova Scotia (The) (Canada) | 1.63% | 05/01/2023 | 15000 | 14785533 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of Nova Scotia (The) (Canada) | 1.95% | 02/01/2023 | 25000 | 24895498 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce (Canada) | 0.45% | 06/22/2023 | 15000 | 14634641 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce (Canada) | 0.95% | 06/23/2023 | 17045 | 16672862 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce (Canada) (SOFR + 0.80%)<sup>(c)</sup>  | 4.21% | 03/17/2023 | 14590 | 14596419 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cooperatieve Rabobank U.A. (Netherlands) | 2.75% | 01/10/2023 | 8450 | 8435652 |
| &nbsp;&nbsp;&nbsp;&nbsp; HSBC Holdings PLC (United Kingdom)<sup>(b)</sup>  | 0.73% | 08/17/2024 | 11407 | 10921668 |
| &nbsp;&nbsp;&nbsp;&nbsp; ING Groep N.V. (Netherlands) | 4.10% | 10/02/2023 | 14025 | 13889533 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (SOFR + 0.58%)<sup>(c)</sup>  | 3.90% | 03/16/2024 | 15000 | 14912108 |

---

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

**Invesco Conservative Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br>Rate** | **Maturity<br>Date** | **Principal<br>Amount<br>(000)** | **Value** |
|  **Diversified Banks–(continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Lloyds Bank Corporate Markets PLC (United Kingdom) (SOFR + 0.54%)<sup>(c)</sup>  | 4.35% | 01/31/2024 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14953139 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC (United Kingdom) | 4.05% | 08/16/2023 | 26365 | 26128656 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. (Japan) | 2.53% | 09/13/2023 | 5892 | 5761132 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. (Japan) | 3.46% | 03/02/2023 | 15000 | 14946110 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. (Japan) | 3.76% | 07/26/2023 | 10955 | 10854502 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mizuho Bank Ltd. (Japan)<sup>(d)</sup>  | 3.60% | 09/25/2024 | 13000 | 12614143 |
| &nbsp;&nbsp;&nbsp;&nbsp; MUFG Union Bank N.A. | 2.10% | 12/09/2022 | 4500 | 4497651 |
| &nbsp;&nbsp;&nbsp;&nbsp; National Bank of Canada (Canada) | 2.10% | 02/01/2023 | 30357 | 30235482 |
| &nbsp;&nbsp;&nbsp;&nbsp; Royal Bank of Canada (Canada) | 3.97% | 07/26/2024 | 20000 | 19686607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Skandinaviska Enskilda Banken AB (Sweden)<sup>(d)</sup>  | 0.55% | 09/01/2023 | 13515 | 13045894 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc. (Japan) | 0.51% | 01/12/2024 | 1364 | 1295712 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sumitomo Mitsui Trust Bank Ltd. (Japan)<sup>(d)</sup>  | 0.80% | 09/12/2023 | 11103 | 10722149 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sumitomo Mitsui Trust Bank Ltd. (Japan)<sup>(d)</sup>  | 2.55% | 03/10/2025 | 5122 | 4836772 |
| &nbsp;&nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB (Sweden)<sup>(d)</sup>  | 0.63% | 06/30/2023 | 11429 | 11130780 |
| &nbsp;&nbsp;&nbsp;&nbsp; Swedbank AB (Sweden)<sup>(d)</sup>  | 0.60% | 09/25/2023 | 12121 | 11657283 |
| &nbsp;&nbsp;&nbsp;&nbsp; Swedbank AB (Sweden)<sup>(d)</sup>  | 1.30% | 06/02/2023 | 12000 | 11756381 |
| &nbsp;&nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (The) (Canada) | 0.75% | 06/12/2023 | 15000 | 14680526 |
| &nbsp;&nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (The) (Canada) (SOFR + 0.48%)<sup>(c)</sup>  | 4.23% | 01/27/2023 | 9108 | 9109591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co. | 3.75% | 01/24/2024 | 14890 | 14688401 |
|  |  |  |  | 459764286 |
|  **Diversified Capital Markets–1.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Credit Suisse AG (Switzerland) | 1.00% | 05/05/2023 | 13636 | 13089236 |
| &nbsp;&nbsp;&nbsp;&nbsp; Macquarie Group Ltd. (Australia)<sup>(d)</sup>  | 6.21% | 11/22/2024 | 15000 | 15094439 |
| &nbsp;&nbsp;&nbsp;&nbsp; UBS AG (Switzerland)<sup>(d)</sup>  | 0.70% | 08/09/2024 | 5722 | 5321954 |
|  |  |  |  | 33505629 |
|  **Electric Utilities–2.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; American Electric Power Co., Inc., Series M | 0.75% | 11/01/2023 | 4557 | 4367824 |
| &nbsp;&nbsp;&nbsp;&nbsp; Florida Power & Light Co. (SOFR + 0.25%)<sup>(c)</sup>  | 4.08% | 05/10/2023 | 17392 | 17345990 |
| &nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc. | 0.65% | 03/01/2023 | 15460 | 15302679 |
| &nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc. | 4.26% | 09/01/2024 | 7456 | 7362779 |
| &nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc. (SOFR + 0.54%)<sup>(c)</sup>  | 4.37% | 03/01/2023 | 3704 | 3701198 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southern Co. (The), Series 2021 (SOFR + 0.37%)<sup>(c)</sup>  | 4.20% | 05/10/2023 | 10526 | 10492984 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tampa Electric Co. | 3.88% | 07/12/2024 | 3188 | 3115861 |
|  |  |  |  | 61689315 |
|  **Gas Utilities–0.65%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Atmos Energy Corp. (3 mo. USD LIBOR + 0.38%)<sup>(c)</sup>  | 3.57% | 03/09/2023 | 9756 | 9746269 |
| &nbsp;&nbsp;&nbsp;&nbsp; CenterPoint Energy Resources Corp. (3 mo. USD LIBOR + 0.50%)<sup>(c)</sup>  | 5.28% | 03/02/2023 | 8333 | 8326793 |
|  |  |  |  | 18073062 |
|  **Health Care Distributors–0.16%** |  |  |  |  |
|  AmerisourceBergen Corp. | 0.74% | 03/15/2023 | 4502 | 4447344 |
|  **Health Care REITs–0.44%** |  |  |  |  |
|  Welltower, Inc. | 3.63% | 03/15/2024 | 12500 | 12251170 |
|  **Industrial Conglomerates–0.32%** |  |  |  |  |
|  Siemens Financieringsmaatschappij N.V. (SOFR + 0.43%)<sup>(c)(d)</sup>  | 3.65% | 03/11/2024 | 8905 | 8845175 |
|  **Integrated Telecommunication Services–0.73%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AT&T, Inc. (SOFR + 0.64%)<sup>(c)</sup>  | 4.10% | 03/25/2024 | 9918 | 9847848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Verizon Communications, Inc. (SOFR + 0.50%)<sup>(c)</sup>  | 3.92% | 03/22/2024 | 10417 | 10350629 |
|  |  |  |  | 20198477 |

---

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

**Invesco Conservative Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br>Rate** | **Maturity<br>Date** | **Principal<br>Amount<br>(000)** | **Value** |
|  **Investment Banking & Brokerage–2.50%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (The) | 3.00% | 03/15/2024 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14084 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13724445 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (The) | 3.20% | 02/23/2023 | 8430 | 8400156 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (The) | 5.70% | 11/01/2024 | 5830 | 5902752 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley<sup>(b)</sup>  | 0.73% | 04/05/2024 | 10714 | 10502218 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley<sup>(b)</sup>  | 3.62% | 04/17/2025 | 12230 | 11923747 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley (SOFR + 0.47%)<sup>(c)</sup>  | 4.29% | 11/10/2023 | 7999 | 7965867 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley (SOFR + 0.63%)<sup>(c)</sup>  | 4.36% | 01/24/2025 | 10844 | 10673795 |
|  |  |  |  | 69092980 |
|  **Life & Health Insurance–8.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Athene Global Funding<sup>(d)</sup>  | 0.95% | 01/08/2024 | 10000 | 9483392 |
| &nbsp;&nbsp;&nbsp;&nbsp; Athene Global Funding<sup>(d)</sup>  | 2.75% | 06/25/2024 | 7772 | 7396333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Athene Global Funding<sup>(d)</sup>  | 2.80% | 05/26/2023 | 16291 | 16093727 |
| &nbsp;&nbsp;&nbsp;&nbsp; Athene Global Funding (SOFR + 0.70%)<sup>(c)(d)</sup>  | 4.53% | 05/24/2024 | 25000 | 24524272 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse Financial Global Funding<sup>(d)</sup>  | 0.60% | 06/28/2023 | 3255 | 3166167 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse Financial Global Funding<sup>(d)</sup>  | 1.75% | 01/13/2025 | 12728 | 11740531 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equitable Financial Life Global Funding<sup>(d)</sup>  | 0.50% | 11/17/2023 | 14500 | 13857585 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equitable Financial Life Global Funding<sup>(d)</sup>  | 0.80% | 08/12/2024 | 11429 | 10597212 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equitable Financial Life Global Funding (SOFR + 0.39%)<sup>(c)(d)</sup>  | 3.97% | 04/06/2023 | 20000 | 19965724 |
| &nbsp;&nbsp;&nbsp;&nbsp; GA Global Funding Trust<sup>(d)</sup>  | 0.80% | 09/13/2024 | 10909 | 9934747 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jackson National Life Global Funding (SOFR + 0.60%)<sup>(c)(d)</sup>  | 4.17% | 01/06/2023 | 10000 | 10001096 |
| &nbsp;&nbsp;&nbsp;&nbsp; MassMutual Global Funding II (SOFR + 0.36%)<sup>(c)(d)</sup>  | 3.96% | 04/12/2024 | 10020 | 9937292 |
| &nbsp;&nbsp;&nbsp;&nbsp; MET Tower Global Funding (SOFR + 0.55%)<sup>(c)(d)</sup>  | 4.19% | 01/17/2023 | 10000 | 10003067 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Life Global Funding I (SOFR + 0.57%)<sup>(c)(d)</sup>  | 4.20% | 01/13/2023 | 3749 | 3750015 |
| &nbsp;&nbsp;&nbsp;&nbsp; New York Life Global Funding<sup>(d)</sup>  | 1.10% | 05/05/2023 | 3244 | 3194579 |
| &nbsp;&nbsp;&nbsp;&nbsp; New York Life Global Funding<sup>(d)</sup>  | 3.15% | 06/06/2024 | 9524 | 9277634 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pacific Life Global Funding II<sup>(d)</sup>  | 0.50% | 09/23/2023 | 13636 | 13154926 |
| &nbsp;&nbsp;&nbsp;&nbsp; Principal Life Global Funding II<sup>(d)</sup>  | 0.75% | 08/23/2024 | 8695 | 8049626 |
| &nbsp;&nbsp;&nbsp;&nbsp; Principal Life Global Funding II (SOFR + 0.45%)<sup>(c)(d)</sup>  | 4.05% | 04/12/2024 | 5883 | 5839376 |
| &nbsp;&nbsp;&nbsp;&nbsp; Protective Life Global Funding<sup>(d)</sup>  | 0.63% | 10/13/2023 | 4082 | 3927101 |
| &nbsp;&nbsp;&nbsp;&nbsp; Protective Life Global Funding<sup>(d)</sup>  | 1.08% | 06/09/2023 | 15500 | 15188669 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reliance Standard Life Global Funding II<sup>(d)</sup>  | 2.15% | 01/21/2023 | 3700 | 3684011 |
|  |  |  |  | 222767082 |
|  **Life Sciences Tools & Services–0.58%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Thermo Fisher Scientific, Inc. | 0.80% | 10/18/2023 | 13208 | 12748285 |
| &nbsp;&nbsp;&nbsp;&nbsp; Thermo Fisher Scientific, Inc. | 1.22% | 10/18/2024 | 3600 | 3369831 |
|  |  |  |  | 16118116 |
|  **Managed Health Care–0.14%** |  |  |  |  |
|  Humana, Inc. | 0.65% | 08/03/2023 | 3889 | 3774559 |
|  **Oil & Gas Exploration & Production–0.90%** |  |  |  |  |
|  Canadian Natural Resources Ltd. (Canada) | 2.95% | 01/15/2023 | 25000 | 24979758 |
|  **Oil & Gas Refining & Marketing–0.77%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Phillips 66 | 0.90% | 02/15/2024 | 7814 | 7449217 |
| &nbsp;&nbsp;&nbsp;&nbsp; Phillips 66 | 3.70% | 04/06/2023 | 14000 | 13967201 |
|  |  |  |  | 21416418 |
|  **Oil & Gas Storage & Transportation–1.64%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Enbridge, Inc. (Canada) (SOFR + 0.40%)<sup>(c)</sup>  | 4.23% | 02/17/2023 | 3571 | 3567852 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enbridge, Inc. (Canada) (SOFR + 0.63%)<sup>(c)</sup>  | 4.46% | 02/16/2024 | 5756 | 5700777 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enterprise Products Operating LLC | 3.35% | 03/15/2023 | 11150 | 11099183 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kinder Morgan Energy Partners L.P. | 4.30% | 05/01/2024 | 19180 | 18936705 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kinder Morgan, Inc. | 3.15% | 01/15/2023 | 6000 | 5988592 |
|  |  |  |  | 45293109 |

---

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

**Invesco Conservative Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br>Rate** | **Maturity<br>Date** | **Principal<br>Amount<br>(000)** | **Value** |
|  **Other Diversified Financial Services–0.72%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AIG Global Funding<sup>(d)</sup>  | 0.80% | 07/07/2023 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7317 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7134714 |
| &nbsp;&nbsp;&nbsp;&nbsp; USAA Capital Corp.<sup>(d)</sup>  | 1.50% | 05/01/2023 | 12960 | 12786736 |
|  |  |  |  | 19921450 |
|  **Paper Products–0.42%** |  |  |  |  |
|  Georgia-Pacific LLC<sup>(d)</sup>  | 3.73% | 07/15/2023 | 11850 | 11750757 |
|  **Personal Products–0.24%** |  |  |  |  |
|  Unilever Capital Corp. | 0.63% | 08/12/2024 | 7000 | 6546816 |
|  **Pharmaceuticals–0.75%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bayer US Finance II LLC<sup>(d)</sup>  | 3.88% | 12/15/2023 | 9000 | 8858439 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co. | 0.54% | 11/13/2023 | 12500 | 12002904 |
|  |  |  |  | 20861343 |
|  **Regional Banks–0.25%** |  |  |  |  |
|  Banque Federative du Credit Mutuel S.A. (France)<sup>(d)</sup>  | 3.75% | 07/20/2023 | 7100 | 7030569 |
|  **Restaurants–0.23%** |  |  |  |  |
|  Starbucks Corp. (SOFR + 0.42%)<sup>(c)</sup>  | 4.25% | 02/14/2024 | 6318 | 6281994 |
|  **Semiconductors–0.70%** |  |  |  |  |
|  NVIDIA Corp. | 0.31% | 06/15/2023 | 20000 | 19509841 |
|  **Soft Drinks–0.78%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Keurig Dr Pepper, Inc. | 0.75% | 03/15/2024 | 18500 | 17519630 |
| &nbsp;&nbsp;&nbsp;&nbsp; PepsiCo, Inc. | 0.40% | 10/07/2023 | 4278 | 4126760 |
|  |  |  |  | 21646390 |
|  **Specialized REITs–0.37%** |  |  |  |  |
|  Public Storage (SOFR + 0.47%)<sup>(c)</sup>  | 4.17% | 04/23/2024 | 10257 | 10195691 |
|  **Specialty Chemicals–0.17%** |  |  |  |  |
|  Sherwin-Williams Co. (The) | 4.05% | 08/08/2024 | 4807 | 4733326 |
|  **Technology Hardware, Storage & Peripherals–0.36%** |  |  |  |  |
|  Apple, Inc. | 0.75% | 05/11/2023 | 10009 | 9840735 |
|  **Thrifts & Mortgage Finance–0.31%** |  |  |  |  |
|  Nationwide Building Society (United Kingdom)<sup>(d)</sup>  | 2.00% | 01/27/2023 | 8571 | 8535329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $1,406,603,875) |  |  |  | 1378295643 |
|  **Commercial Paper–33.19%<sup>(e)</sup>**  |  |  |  |  |
|  **Asset Management & Custody Banks–1.80%** |  |  |  |  |
|  Barclays Capital, Inc. | 1.06% | 02/02/2023 | 12000 | 11906752 |
|  Barclays Capital, Inc. | 1.39% | 02/15/2023 | 24000 | 23770951 |
|  BofA Securities, Inc. | 5.71% | 11/03/2023 | 15000 | 14223300 |
|  |  |  |  | 49901003 |
|  **Asset-Backed Securities - Fully Supported–0.71%** |  |  |  |  |
|  Legacy Capital Co. LLC; Series A<sup>(d)</sup>  | 2.94% | 05/26/2023 | 20000 | 19492797 |
|  **Automobile Manufacturers–1.34%** |  |  |  |  |
|  Harley-Davidson Financial Services, Inc.<sup>(d)</sup>  | 4.67% | 12/06/2022 | 10000 | 9992965 |
|  Harley-Davidson Financial Services, Inc.<sup>(d)</sup>  | 4.67% | 12/07/2022 | 15000 | 14987677 |
|  Harley-Davidson Financial Services, Inc.<sup>(d)</sup>  | 4.66% | 12/09/2022 | 12000 | 11987229 |
|  |  |  |  | 36967871 |
|  **Consumer Finance–0.95%** |  |  |  |  |
|  General Motors Financial Co., Inc.<sup>(d)</sup>  | 5.72% | 04/12/2023 | 10000 | 9792150 |
|  General Motors Financial Co., Inc.<sup>(d)</sup>  | 4.27% | 06/06/2023 | 17000 | 16495565 |
|  |  |  |  | 26287715 |

---

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

**Invesco Conservative Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br>Rate** | **Maturity<br>Date** | **Principal<br>Amount<br>(000)** | **Value** |
|  **Data Processing & Outsourced Services–0.69%** |  |  |  |  |
|  Fidelity National Information Services, Inc.<sup>(d)</sup>  | 4.36% | 12/08/2022 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000 | $4995391 |
|  Fidelity National Information Services, Inc.<sup>(d)</sup>  | 4.36% | 12/19/2022 | &nbsp;&nbsp;&nbsp;&nbsp;14000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13968324 |
|  |  |  |  | 18963715 |
|  **Distillers & Vintners–1.11%** |  |  |  |  |
|  Constellation Brands, Inc.<sup>(d)</sup>  | 4.56% | 12/02/2022 | 27800 | 27793120 |
|  Constellation Brands, Inc.<sup>(d)</sup>  | 4.68% | 12/20/2022 | 3000 | 2992293 |
|  |  |  |  | 30785413 |
|  **Diversified Banks–5.95%** |  |  |  |  |
|  ANZ New Zealand (Int'l) Ltd.<sup>(d)</sup>  | 2.87% | 05/25/2023 | 19000 | 18561472 |
|  Banco Santander S.A. (Spain)<sup>(d)</sup>  | 1.37% | 02/15/2023 | 24000 | 23771875 |
|  Bank of Montreal | 4.97% | 10/05/2023 | 15500 | 15431694 |
|  HSBC USA, Inc.<sup>(d)</sup>  | 0.78% | 01/06/2023 | 25000 | 24891775 |
|  HSBC USA, Inc. (SOFR + 0.35%)<sup>(c)</sup>  | 4.16% | 02/10/2023 | 11000 | 11000576 |
|  Societe Generale S.A. (France)<sup>(d)</sup>  | 5.60% | 11/14/2023 | 20000 | 18942620 |
|  Toronto-Dominion Bank (The) (Canada)<sup>(d)</sup>  | 2.76% | 05/16/2023 | 20000 | 19544739 |
|  Toronto-Dominion Bank (The) (Canada)<sup>(d)</sup>  | 5.00% | 09/26/2023 | 14000 | 13384583 |
|  Westpac Banking Corp. (Australia)<sup>(d)</sup>  | 4.24% | 08/30/2023 | 20000 | 19211030 |
|  |  |  |  | 164740364 |
|  **Diversified Capital Markets–3.76%** |  |  |  |  |
|  Regatta Funding Co. LLC<sup>(d)</sup>  | 0.90% | 01/18/2023 | 30000 | 29823478 |
|  Regatta Funding Co. LLC<sup>(d)</sup>  | 2.84% | 05/16/2023 | 15000 | 14647212 |
|  White Plains Capital Co. LLC<sup>(d)</sup>  | 3.67% | 01/17/2023 | 20000 | 19880133 |
|  White Plains Capital Co. LLC<sup>(d)</sup>  | 3.93% | 01/24/2023 | 20000 | 19861217 |
|  White Plains Capital Co. LLC<sup>(d)</sup>  | 3.98% | 02/01/2023 | 20000 | 19839140 |
|  |  |  |  | 104051180 |
|  **Diversified Support Services–0.36%** |  |  |  |  |
|  Brookfield Infrastructure Holdings Canada, Inc. (Canada) | 4.32% | 12/01/2022 | 10000 | 9998861 |
|  **Electric Utilities–4.77%** |  |  |  |  |
|  Brookfield BRP Holdings Canada, Inc. (Canada) | 4.81% | 12/12/2022 | 14000 | 13980433 |
|  Brookfield BRP Holdings Canada, Inc. (Canada) | 4.66% | 12/15/2022 | 20000 | 19964725 |
|  Enel Finance America LLC<sup>(d)</sup>  | 1.01% | 01/13/2023 | 39000 | 38769770 |
|  Enel Finance America LLC<sup>(d)</sup>  | 7.00% | 09/06/2023 | 10000 | 9506422 |
|  Oglethorpe Power Corp.<sup>(d)</sup>  | 4.57% | 12/05/2022 | 10000 | 9994206 |
|  Oglethorpe Power Corp.<sup>(d)</sup>  | 4.41% | 12/09/2022 | 20000 | 19979015 |
|  Oglethorpe Power Corp.<sup>(d)</sup>  | 4.67% | 01/06/2023 | 20000 | 19906431 |
|  |  |  |  | 132101002 |
|  **Gas Utilities–0.36%** |  |  |  |  |
|  WGL Holdings, Inc.<sup>(d)</sup>  | 4.82% | 12/13/2022 | 10000 | 9985592 |
|  **Integrated Oil & Gas–0.88%** |  |  |  |  |
|  Suncor Energy, Inc. (Canada)<sup>(d)</sup>  | 4.46% | 12/09/2022 | 14500 | 14484949 |
|  Suncor Energy, Inc. (Canada)<sup>(d)</sup>  | 4.78% | 01/09/2023 | 10000 | 9949611 |
|  |  |  |  | 24434560 |
|  **Integrated Telecommunication Services–0.72%** |  |  |  |  |
|  AT&T, Inc.<sup>(d)</sup>  | 1.11% | 12/05/2022 | 20000 | 19988544 |
|  **Investment Banking & Brokerage–0.86%** |  |  |  |  |
|  Goldman Sachs International<sup>(d)</sup>  | 1.42% | 02/13/2023 | 24000 | 23780000 |
|  **Managed Health Care–0.36%** |  |  |  |  |
|  Humana, Inc.<sup>(d)</sup>  | 4.88% | 01/04/2023 | 10000 | 9956756 |
|  **Multi-Utilities–1.43%** |  |  |  |  |
|  E.ON SE (Germany)<sup>(d)</sup>  | 4.44% | 12/01/2022 | 30000 | 29996585 |

---

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

**Invesco Conservative Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br>Rate** | **Maturity<br>Date** | **Principal<br>Amount<br>(000)** | **Value** |
|  **Multi-Utilities–(continued)** |  |  |  |  |
|  E.ON SE (Germany)<sup>(d)</sup>  | 4.89% | 01/27/2023 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9750 | $9675935 |
|  |  |  |  | 39672520 |
|  **Oil & Gas Storage & Transportation–1.49%** |  |  |  |  |
|  Energy Transfer L.P. | 4.50% | 12/01/2022 | &nbsp;&nbsp;&nbsp;&nbsp;33000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32995921 |
|  Energy Transfer L.P. | 4.55% | 12/05/2022 | 5200 | 5196772 |
|  ONEOK, Inc.<sup>(d)</sup>  | 4.46% | 12/08/2022 | 3000 | 2997122 |
|  |  |  |  | 41189815 |
|  **Other Diversified Financial Services–1.06%** |  |  |  |  |
|  Mitsubishi HC Capital America, Inc. | 4.78% | 01/03/2023 | 19000 | 18918855 |
|  Mitsubishi HC Capital America, Inc. | 4.73% | 01/10/2023 | 10500 | 10445135 |
|  |  |  |  | 29363990 |
|  **Regional Banks–1.05%** |  |  |  |  |
|  Macquarie Bank Ltd. (Australia) (SOFR + 0.60%)<sup>(c)(d)</sup>  | 4.42% | 03/02/2023 | 29000 | 29018386 |
|  **Specialized Finance–1.51%** |  |  |  |  |
|  Aviation Capital Group LLC<sup>(d)</sup>  | 4.76% | 12/01/2022 | 15000 | 14998356 |
|  Aviation Capital Group LLC<sup>(d)</sup>  | 4.63% | 12/06/2022 | 3000 | 2998023 |
|  Aviation Capital Group LLC<sup>(d)</sup>  | 4.76% | 12/12/2022 | 8900 | 8888106 |
|  Aviation Capital Group LLC<sup>(d)</sup>  | 4.77% | 12/14/2022 | 15000 | 14976486 |
|  |  |  |  | 41860971 |
|  **Specialized REITs–0.23%** |  |  |  |  |
|  Crown Castle, Inc.<sup>(d)</sup>  | 4.75% | 12/15/2022 | 6300 | 6288093 |
|  **Technology Distributors–1.80%** |  |  |  |  |
|  Arrow Electronics, Inc.<sup>(d)</sup>  | 4.43% | 12/01/2022 | 15000 | 14998208 |
|  Arrow Electronics, Inc.<sup>(d)</sup>  | 4.51% | 12/12/2022 | 25000 | 24962850 |
|  Arrow Electronics, Inc.<sup>(d)</sup>  | 4.51% | 12/15/2022 | 10000 | 9981129 |
|  |  |  |  | 49942187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Commercial Paper (Cost $921,068,405) |  |  |  | 918771335 |
|  **Asset-Backed Securities–8.70%** |  |  |  |  |
|  **Auto Loans/Leases–5.98%** |  |  |  |  |
|  Capital One Prime Auto Receivables Trust; Series 2022-2, Class A2A | 3.74% | 09/15/2025 | 10000 | 9876560 |
|  CarMax Auto Owner Trust; |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2, Class A2A | 0.27% | 06/17/2024 | 130 | 130153 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-3, Class A2A | 3.81% | 09/15/2025 | 12000 | 11859672 |
|  Chase Auto Owner Trust; Series 2022-AA, Class A2<sup>(d)</sup>  | 3.86% | 10/27/2025 | 7790 | 7693970 |
|  Chesapeake Funding II LLC; Series 2020-1A, Class A2 (1 mo. USD LIBOR + 0.65%)<sup>(c)(d)</sup>  | 4.53% | 08/15/2032 | 1884 | 1880561 |
|  Daimler Trucks Retail Trust; Series 2022-1, Class A2 | 5.07% | 09/16/2024 | 15000 | 14977150 |
|  Enterprise Fleet Financing LLC; Series 2020-2, Class A2<sup>(d)</sup>  | 0.61% | 07/20/2026 | 8500 | 8259387 |
|  GM Financial Automobile Leasing Trust; Series 2022-3, Class A2A | 4.01% | 10/21/2024 | 7500 | 7425687 |
|  Hyundai Auto Receivables Trust; |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-B, Class A2A | 3.64% | 05/15/2025 | 10000 | 9895665 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-C, Class A2A | 5.35% | 11/17/2025 | 11000 | 10995087 |
|  John Deere Owner Trust; |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-B, Class A2 | 3.73% | 06/16/2025 | 8000 | 7898183 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-C, Class A2 | 4.98% | 08/15/2025 | 10730 | 10695045 |
|  Mercedes-Benz Auto Receivables Trust; Series 2022-1, Class A2 | 5.26% | 10/15/2025 | 7750 | 7742369 |
|  Nissan Auto Lease Trust; Series 2022-A, Class A2A | 3.45% | 08/15/2024 | 15000 | 14844114 |
|  Santander Retail Auto Lease Trust; Series 2021-B, Class A2<sup>(d)</sup>  | 0.31% | 01/22/2024 | 1559 | 1548989 |
|  Toyota Auto Receivables Owner Trust; |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-C, Class A2A | 3.83% | 08/15/2025 | 4600 | 4545131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-D, Class A2A | 5.27% | 01/15/2026 | 4432 | 4430842 |
|  Wheels SPV 2 LLC; Series 2020-1A, Class A2<sup>(d)</sup>  | 0.51% | 08/20/2029 | 2072 | 2040891 |

---

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

**Invesco Conservative Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br>Rate** | **Maturity<br>Date** | **Principal<br>Amount<br>(000)** | **Value** |
|  **Auto Loans/Leases–(continued)** |  |  |  |  |
|  World Omni Auto Receivables Trust; |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-C, Class A2 | 3.73% | 03/16/2026 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14000 | $13802522 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-D, Class A2A | 5.51% | 03/16/2026 | 15000 | 15003991 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;165545969 |
|  **Collateralized Mortgage Obligations–0.64%** |  |  |  |  |
|  Ford Credit Auto Owner Trust; Series 2018-2, Class A<sup>(d)</sup>  | 3.47% | 01/15/2030 | 18000 | 17766288 |
|  **Equipment Leasing–0.65%** |  |  |  |  |
|  Dell Equipment Finance Trust; Series 2022-2, Class A2<sup>(d)</sup>  | 4.03% | 07/22/2027 | 11000 | 10888132 |
|  MMAF Equipment Finance LLC; |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-A, Class A2<sup>(d)</sup>  | 0.74% | 04/09/2024 | 889 | 877393 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-BA, Class A2<sup>(d)</sup>  | 0.38% | 08/14/2023 | 8 | 8406 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-B, Class A2<sup>(d)</sup>  | 5.57% | 09/09/2025 | 6017 | 6023523 |
|  |  |  |  | 17797454 |
|  **Specialized Finance–1.43%** |  |  |  |  |
|  Navient Private Education Refi Loan Trust; |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-FA, Class A<sup>(d)</sup>  | 1.22% | 07/15/2069 | 8148 | 7227789 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-FA, Class A<sup>(d)</sup>  | 1.11% | 02/18/2070 | 4104 | 3367082 |
|  Navient Student Loan Trust; Series 2017-4A, Class A2 (1 mo. USD LIBOR + 0.50%)<sup>(c)(d)</sup>  | 4.52% | 09/27/2066 | 2120 | 2116881 |
|  Synchrony Card Funding LLC; Series 2022-A2, Class A | 3.86% | 07/15/2028 | 20000 | 19544186 |
|  Verizon Master Trust; Series 2022-5, Class A1A<sup>(f)</sup>  | 3.72% | 07/20/2027 | 7500 | 7363030 |
|  |  |  |  | 39618968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities (Cost $244,681,522) |  |  |  | 240728679 |
|  **Certificates of Deposit–3.92%** |  |  |  |  |
|  **Diversified Banks–3.92%** |  |  |  |  |
|  Canadian Imperial Bank of Commerce (Canada) (SOFR + 0.50%)<sup>(c)</sup>  | 4.31% | 03/03/2023 | 25000 | 25008501 |
|  Standard Chartered Bank (United Kingdom) (SOFR + 0.50%)<sup>(c)</sup>  | 4.31% | 02/12/2024 | 24000 | 23897822 |
|  Sumitomo Mitsui Banking Corp. (Japan) | 2.70% | 04/27/2023 | 15000 | 14864040 |
|  Sumitomo Mitsui Banking Corp. | 3.00% | 07/03/2023 | 45300 | 44697687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Certificates of Deposit (Cost $109,300,000) |  |  |  | 108468050 |
|  **U.S. Treasury Securities–1.39%** |  |  |  |  |
|  **U.S. Treasury Bills–1.39%<sup>(e)</sup>**  |  |  |  |  |
|  U.S. Treasury Bills | 0.04% | 10/05/2023 | 20000 | 19233423 |
|  U.S. Treasury Bills | 0.05% | 11/30/2023 | 20000 | 19091779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury Securities (Cost $38,397,944) |  |  |  | 38325202 |
|  TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase<br>Agreements)–96.99% (Cost $2,720,051,746) |  |  |  | 2684588909 |
|  |  |  | **Repurchase<br>Amount** |  |
|  **Repurchase Agreements–4.15%<sup>(g)</sup>**  |  |  |  |  |
|  Citigroup Global Markets, Inc., joint open agreement dated 10/19/2022 (collateralized by non-agency asset-backed securities, corporate obligations and a non-agency mortgage-backed security valued at $208,146,764;<br>0.00% - 13.10%; 05/01/2023 - 01/25/2067)<sup>(h)</sup>  | 4.52% | 12/01/2022 | 30111117 | 30000000 |
|  Citigroup Global Markets, Inc., joint term agreement dated 10/19/2022, aggregate maturing value of $263,944,535 (collateralized by non-agency asset-backed securities, corporate obligations, non-agency mortgage-backed securities and U.S. Treasury obligations valued at $287,662,593;<br>0.00% - 10.14%; 04/20/2027 - 04/01/2069)<sup>(i)</sup>  | 4.47% | 12/01/2022 | 40143656 | 40000000 |
|  J.P. Morgan Securities LLC, joint open agreement dated 06/11/2021 (collateralized by corporate obligations valued at $82,500,119;<br>2.40% - 10.75%; 03/15/2023 - 06/15/2049)<sup>(h)</sup>  | 4.12% | 12/01/2022 | 45151675 | 45000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Repurchase Agreements (Cost $115,000,000) |  |  |  | 115000000 |
|  TOTAL INVESTMENTS IN SECURITIES–101.14% (Cost $2,835,051,746) |  |  |  | 2799588909 |
|  OTHER ASSETS LESS LIABILITIES–(1.14)% |  |  |  | (31453272) |
|  NET ASSETS–100.00% |  |  |  | $2768135637 |

---

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

**Invesco Conservative Income Fund**

------

Investment Abbreviations:

---

| | |
|:---|:---|
| LIBOR | –London Interbank Offered Rate |
| REITs | –Real Estate Investment Trusts |
| SOFR | –Secured Overnight Financing Rate |
| USD | –U.S. Dollar |

---

Notes to Schedule of Investments:

<sup>(a)</sup> Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor's.

<sup>(b)</sup> Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate.

<sup>(c)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2022.

<sup>(d)</sup> Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2022 was $1,275,330,588, which represented 46.07% of the Fund's Net Assets. 

<sup>(e)</sup> Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund.

<sup>(f)</sup> Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date.

<sup>(g)</sup> Principal amount equals value at period end. 

<sup>(h)</sup> Either party may terminate the agreement upon demand. Interest rate, principal amount and collateral are redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date. 

<sup>(i)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset 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 Conservative Income Fund**

------

**Notes to Quarterly Schedule of Portfolio Holdings** 

*November 30, 2022* 

*(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. |
| 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. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of November 30, 2022, 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 Conservative Income Fund**

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Invesco Management Trust

- **b. Investment Company Act file number:** 811-22957

- **c. CIK number of Registrant:** 0001605283

- **d. LEI of Registrant:** 549300E714CZKBPA2O91

- **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 Conservative Income Fund

- **b. EDGAR series identifier (if any):** S000045836

- **c. LEI of Series:** 549300DF8ZMA5QG3GE34

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $2810285349.74

**Total Liabilities:** $42149713.14

**Net Assets:** $2768135636.60

**Cash Not Reported:** $546843.57

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -33833.39767516 | **1-Year:** -111428.87252011 | **5-Year:** -18809.44393452 | **10-Year:** -11.55991891 | **30-Year:** 0.00000001

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000199848 | -0.14%               | 0.09%                | 0.52%                |
| Class ID C000217952 | -0.13%               | 0.10%                | 0.53%                |
| Class ID C000217951 | -0.13%               | 0.10%                | 0.43%                |
| Class ID C000142880 | -0.13%               | 0.10%                | 0.53%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-979.44                 | $-8238034.71                               |
| Month 2  | $-4963.07                | $-2856931.05                               |
| Month 3  | $12773.08                | $6758239.49                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HSBC USA Inc.                                  | HSBC USA Inc.                                                        | CUSIP: 40434WES6<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $11000575.85  | 0.40%             | 2023-02-10      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| MUFG Union Bank, N.A.                          | MUFG Union Bank, N.A.                                                | CUSIP: 90520EAK7<br>LEI: OX3PU53ZLPQKJ4700D47 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4497651.05   | 0.16%             | 2022-12-09      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Wheels SPV 2, LLC                              | Wheels SPV 2, LLC, Series 2020-1A, Class A2                          | CUSIP: 96328DBT0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2072075 | PA      | $2040891.25   | 0.07%             | 2029-08-20      | Fixed         | 0.51%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                    | Toronto-Dominion Bank (The)                                          | CUSIP: 89114QCG1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  15000000 | PA      | $14680525.95  | 0.53%             | 2023-06-12      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce             | Canadian Imperial Bank of Commerce                                   | CUSIP: 13607HVC3<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  15000000 | PA      | $14634640.95  | 0.53%             | 2023-06-22      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust          | GM Financial Automobile Leasing Trust, Series 2022-3, Class A2A      | CUSIP: 380130AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7500000 | PA      | $7425687.00   | 0.27%             | 2024-10-21      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Inc.                  | Citigroup Global Markets Inc.                                        | CUSIP: N/A<br>LEI: MBNUM2BPBDO7JBLYG310       | Long             | RA               | CORP              | US        |  30000000 | PA      | $30000000.00  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.             | General Motors Financial Co., Inc.                                   | CUSIP: 37045XBK1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   6236000 | PA      | $6197062.42   | 0.22%             | 2023-05-09      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                          | Athene Global Funding                                                | CUSIP: 04685A2J9<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   7772000 | PA      | $7396333.00   | 0.27%             | 2024-06-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                            | Kinder Morgan, Inc.                                                  | CUSIP: 49456BAM3<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5988591.90   | 0.22%             | 2023-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Financial Services Inc.        | Harley-Davidson Financial Services Inc.                              | CUSIP: 41282KM62<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9992965.00   | 0.36%             | 2022-12-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Siemens Financieringsmaatschappij N.V.         | Siemens Financieringsmaatschappij N.V.                               | CUSIP: 82620KBB8<br>LEI: TAFO772JB70PDRN5VS48 | Long             | DBT              | CORP              | NL        |   8905000 | PA      | $8845174.96   | 0.32%             | 2024-03-11      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| White Plains Capital Co. LLC                   | White Plains Capital Co. LLC                                         | CUSIP: 96437UNQ3<br>LEI: N/A                  | Long             | ABS-APCP         | CORP              | US        |  20000000 | PA      | $19861216.60  | 0.72%             | 2023-01-24      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Oglethorpe Power Corp.                         | Oglethorpe Power Corp.                                               | CUSIP: 67705BN65<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19906431.20  | 0.72%             | 2023-01-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust 2022-A                  | Chase Auto Owner Trust 2022-A, Series 2022-AA, Class A2              | CUSIP: 16144JAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7790000 | PA      | $7693970.33   | 0.28%             | 2025-10-27      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| Oglethorpe Power Corp.                         | Oglethorpe Power Corp.                                               | CUSIP: 67705BM58<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9994205.60   | 0.36%             | 2022-12-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.           | Mitsubishi UFJ Financial Group, Inc.                                 | CUSIP: 606822BA1<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |  10955000 | PA      | $10854502.34  | 0.39%             | 2023-07-26      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust                        | Nissan Auto Lease Trust, Series 2022-A, Class A2A                    | CUSIP: 65480LAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15000000 | PA      | $14844114.00  | 0.54%             | 2024-08-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.          | NextEra Energy Capital Holdings, Inc.                                | CUSIP: 65339KBL3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   7456000 | PA      | $7362779.35   | 0.27%             | 2024-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC       | Volkswagen Group of America Finance, LLC                             | CUSIP: 928668BJ0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  13000000 | PA      | $12446155.28  | 0.45%             | 2023-11-22      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                          | Athene Global Funding                                                | CUSIP: 04685A2M2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  16291000 | PA      | $16093726.74  | 0.58%             | 2023-05-26      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Arrow Electronics Inc.                         | Arrow Electronics Inc.                                               | CUSIP: 04273MMC4<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24962850.00  | 0.90%             | 2022-12-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB               | Skandinaviska Enskilda Banken AB                                     | CUSIP: 83051GAN8<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |  13515000 | PA      | $13045894.35  | 0.47%             | 2023-09-01      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                           | Royal Bank of Canada                                                 | CUSIP: 78016EZH3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  20000000 | PA      | $19686606.60  | 0.71%             | 2024-07-26      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                    | Verizon Communications Inc.                                          | CUSIP: 92343VGD0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |  10417000 | PA      | $10350628.81  | 0.37%             | 2024-03-22      | Floating      | 3.92%                 | No            |                  2 | On Loan: No      |
| Daimler Trucks Retail Trust                    | Daimler Trucks Retail Trust, Series 2022-1, Class A2                 | CUSIP: 233869AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15000000 | PA      | $14977150.50  | 0.54%             | 2024-09-16      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| AT&T Inc.                                      | AT&T Inc.                                                            | CUSIP: 0020A3M56<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19988544.40  | 0.72%             | 2022-12-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Legacy Capital Co. LLC                         | Legacy Capital Co. LLC                                               | CUSIP: 52468KSS1<br>LEI: 549300R17K287CL1GQ68 | Long             | ABS-APCP         | CORP              | US        |  20000000 | PA      | $19492796.60  | 0.70%             | 2023-05-26      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                              | HSBC Holdings PLC                                                    | CUSIP: 404280CU1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  11407000 | PA      | $10921667.74  | 0.39%             | 2024-08-17      | Variable      | 0.73%                 | No            |                  2 | On Loan: No      |
| Brighthouse Financial Global Funding           | Brighthouse Financial Global Funding                                 | CUSIP: 10921U2H0<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |  12728000 | PA      | $11740531.09  | 0.42%             | 2025-01-13      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                       | Bristol-Myers Squibb Co.                                             | CUSIP: 110122DT2<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12002904.00  | 0.43%             | 2023-11-13      | Fixed         | 0.54%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                 | ING Groep N.V.                                                       | CUSIP: 456837AK9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |  14025000 | PA      | $13889533.37  | 0.50%             | 2023-10-02      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                      | Florida Power & Light Co.                                            | CUSIP: 341081GD3<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |  17392000 | PA      | $17345989.46  | 0.63%             | 2023-05-10      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank, Ltd.               | Sumitomo Mitsui Trust Bank, Ltd.                                     | CUSIP: 86563VAQ2<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |  11103000 | PA      | $10722148.89  | 0.39%             | 2023-09-12      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                               | Bank of Montreal, Series H                                           | CUSIP: 06368LAP1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  15152000 | PA      | $14964667.19  | 0.54%             | 2024-09-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                        | CarMax Auto Owner Trust, Series 2022-3, Class A2A                    | CUSIP: 14318MAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12000000 | PA      | $11859672.00  | 0.43%             | 2025-09-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                    | Goldman Sachs International                                          | CUSIP: 38150UPD7<br>LEI: W22LROWP2IHZNBB6K528 | Long             | DBT              | CORP              | GB        |  24000000 | PA      | $23779999.92  | 0.86%             | 2023-02-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                       | Svenska Handelsbanken AB                                             | CUSIP: 86959LAF0<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |  11429000 | PA      | $11130780.47  | 0.40%             | 2023-06-30      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| White Plains Capital Co. LLC                   | White Plains Capital Co. LLC                                         | CUSIP: 96437UNH3<br>LEI: N/A                  | Long             | ABS-APCP         | CORP              | US        |  20000000 | PA      | $19880133.40  | 0.72%             | 2023-01-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                         | John Deere Owner Trust, Series 2022-C, Class A2                      | CUSIP: 47800BAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10730000 | PA      | $10695044.88  | 0.39%             | 2025-08-15      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                 | Morgan Stanley                                                       | CUSIP: 6174468T9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   7999000 | PA      | $7965867.34   | 0.29%             | 2023-11-10      | Variable      | 4.29%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.           | Mitsubishi UFJ Financial Group, Inc.                                 | CUSIP: 606822AH7<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   5892000 | PA      | $5761132.43   | 0.21%             | 2023-09-13      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                   | Ford Credit Auto Owner Trust, Series 2018-2, Class A                 | CUSIP: 34528HAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18000000 | PA      | $17766288.00  | 0.64%             | 2030-01-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce             | Canadian Imperial Bank of Commerce                                   | CUSIP: 13607GKW3<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  14590000 | PA      | $14596419.16  | 0.53%             | 2023-03-17      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                               | Bank of Montreal                                                     | CUSIP: 06368FAH2<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  13044000 | PA      | $12984401.83  | 0.47%             | 2024-03-08      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.          | NextEra Energy Capital Holdings, Inc.                                | CUSIP: 65339KBV1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   3704000 | PA      | $3701197.81   | 0.13%             | 2023-03-01      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| Phillips 66                                    | Phillips 66                                                          | CUSIP: 718546AY0<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |   7814000 | PA      | $7449216.85   | 0.27%             | 2024-02-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| Intuit Inc.                                    | Intuit Inc.                                                          | CUSIP: 46124HAA4<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4877152.85   | 0.18%             | 2023-07-15      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                          | Athene Global Funding                                                | CUSIP: 04685A2X8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24524272.25  | 0.89%             | 2024-05-24      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                 | Morgan Stanley                                                       | CUSIP: 61747YEJ0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  10844000 | PA      | $10673794.85  | 0.39%             | 2025-01-24      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                     | MMAF Equipment Finance LLC, Series 2022-B, Class A2                  | CUSIP: 606940AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6017000 | PA      | $6023522.43   | 0.22%             | 2025-09-09      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                               | Bank of Montreal                                                     | CUSIP: 06368FAA7<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  12500000 | PA      | $12066857.13  | 0.44%             | 2023-09-15      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| Mitsubishi HC Capital America Inc.             | Mitsubishi HC Capital America Inc.                                   | CUSIP: 60678NNA8<br>LEI: SAG6K2J487EOB0C5BI47 | Long             | DBT              | CORP              | US        |  10500000 | PA      | $10445135.19  | 0.38%             | 2023-01-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc.                  | Thermo Fisher Scientific Inc.                                        | CUSIP: 883556CS9<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3369830.94   | 0.12%             | 2024-10-18      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Financial Services Inc.        | Harley-Davidson Financial Services Inc.                              | CUSIP: 41282KM96<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $11987229.00  | 0.43%             | 2022-12-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                    | Toronto-Dominion Bank (The)                                          | CUSIP: 89114QCF3<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   9108000 | PA      | $9109591.26   | 0.33%             | 2023-01-27      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                        | Standard Chartered Bank                                              | CUSIP: 85325VX62<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | DBT              | CORP              | GB        |  24000000 | PA      | $23897822.16  | 0.86%             | 2024-02-12      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                   | Dell Equipment Finance Trust, Series 2022-2, Class A2                | CUSIP: 24702CAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11000000 | PA      | $10888132.20  | 0.39%             | 2027-07-22      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| Brookfield Infrastructure Holdings Canada Inc. | Brookfield Infrastructure Holdings Canada Inc.                       | CUSIP: 11275NM19<br>LEI: 549300GV8LYH0T7DZO77 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $9998861.40   | 0.36%             | 2022-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                  | PepsiCo, Inc.                                                        | CUSIP: 713448FB9<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   4278000 | PA      | $4126759.48   | 0.15%             | 2023-10-07      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| Swedbank AB                                    | Swedbank AB                                                          | CUSIP: 87020PAL1<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |  12121000 | PA      | $11657283.02  | 0.42%             | 2023-09-25      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| Barclays Capital Inc.                          | Barclays Capital Inc.                                                | CUSIP: 06743VP20<br>LEI: AC28XWWI3WIBK2824319 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $11906751.96  | 0.43%             | 2023-02-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                        | Bayer US Finance II LLC                                              | CUSIP: 07274NAE3<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8858438.64   | 0.32%             | 2023-12-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ANZ New Zealand (Int'l) Ltd.                   | ANZ New Zealand (Int'l) Ltd.                                         | CUSIP: 00182EBQ1<br>LEI: 213800VD256NU2D97H12 | Long             | DBT              | CORP              | NZ        |   7500000 | PA      | $7429623.53   | 0.27%             | 2025-02-18      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| Lloyds Bank Corporate Markets PLC              | Lloyds Bank Corporate Markets PLC                                    | CUSIP: 53947BF70<br>LEI: 213800MBWEIJDM5CU638 | Long             | DBT              | CORP              | GB        |  15000000 | PA      | $14953138.80  | 0.54%             | 2024-01-31      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                      | Bank of Nova Scotia (The)                                            | CUSIP: 064159VK9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  15000000 | PA      | $14785533.00  | 0.53%             | 2023-05-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Met Tower Global Funding                       | Met Tower Global Funding                                             | CUSIP: 58989VAA2<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10003067.30  | 0.36%             | 2023-01-17      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| Public Storage                                 | Public Storage                                                       | CUSIP: 74460WAB3<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |  10257000 | PA      | $10195691.24  | 0.37%             | 2024-04-23      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                              | Wells Fargo & Co.                                                    | CUSIP: 95000U2C6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  14890000 | PA      | $14688400.57  | 0.53%             | 2024-01-24      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp.                                | Starbucks Corp.                                                      | CUSIP: 855244BB4<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   6318000 | PA      | $6281994.03   | 0.23%             | 2024-02-14      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| Oglethorpe Power Corp.                         | Oglethorpe Power Corp.                                               | CUSIP: 67705BM90<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19979015.00  | 0.72%             | 2022-12-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BofA Securities Inc.                           | BofA Securities Inc.                                                 | CUSIP: 06054PY34<br>LEI: 549300HN4UKV1E2R3U73 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14223300.00  | 0.51%             | 2023-11-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                 | Pacific Life Global Funding II                                       | CUSIP: 6944PL2C2<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |  13636000 | PA      | $13154926.15  | 0.48%             | 2023-09-23      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                         | John Deere Owner Trust, Series 2022-B, Class A2                      | CUSIP: 47800AAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $7898183.20   | 0.29%             | 2025-06-16      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| UBS AG                                         | UBS AG                                                               | CUSIP: 902674YK0<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |   5722000 | PA      | $5321954.38   | 0.19%             | 2024-08-09      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank, Ltd.               | Sumitomo Mitsui Trust Bank, Ltd.                                     | CUSIP: 86563VAZ2<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   5122000 | PA      | $4836771.85   | 0.17%             | 2025-03-10      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                   | American Honda Finance Corp.                                         | CUSIP: 02665WDY4<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  11200000 | PA      | $10476222.06  | 0.38%             | 2024-08-09      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Enel Finance America LLC                       | Enel Finance America LLC                                             | CUSIP: 29279HW68<br>LEI: 549300EGNLVUJX1DEC60 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9506422.20   | 0.34%             | 2023-09-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                             | BMW US Capital LLC                                                   | CUSIP: 05565EBU8<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  11111000 | PA      | $10369853.08  | 0.37%             | 2024-08-12      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Inc.                  | Citigroup Global Markets Inc.                                        | CUSIP: N/A<br>LEI: MBNUM2BPBDO7JBLYG310       | Long             | RA               | CORP              | US        |  40000000 | PA      | $40000000.00  | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust              | World Omni Auto Receivables Trust, Series 2022-D, Class A2A          | CUSIP: 98163VAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15000000 | PA      | $15003991.50  | 0.54%             | 2026-03-16      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                       | John Deere Capital Corp.                                             | CUSIP: 24422EVE6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   2687000 | PA      | $2653586.46   | 0.10%             | 2023-04-06      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce             | Canadian Imperial Bank of Commerce                                   | CUSIP: 13607GRK2<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  17045000 | PA      | $16672861.97  | 0.60%             | 2023-06-23      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                           | JPMorgan Chase & Co.                                                 | CUSIP: 46647PCA2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14912108.25  | 0.54%             | 2024-03-16      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| Arrow Electronics Inc.                         | Arrow Electronics Inc.                                               | CUSIP: 04273MM18<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14998207.95  | 0.54%             | 2022-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services, Inc.   | Fidelity National Information Services, Inc.                         | CUSIP: 31620MBP0<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   3572000 | PA      | $3531712.66   | 0.13%             | 2023-03-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Banking Corp.                  | Sumitomo Mitsui Banking Corp.                                        | CUSIP: 86565FMJ8<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | DBT              | CORP              | US        |  45300000 | PA      | $44697686.67  | 1.61%             | 2023-07-03      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Regatta Funding Co. LLC                        | Regatta Funding Co. LLC                                              | CUSIP: 75888XSG2<br>LEI: 549300WUYTMY4HKCQ621 | Long             | ABS-APCP         | CORP              | US        |  15000000 | PA      | $14647212.45  | 0.53%             | 2023-05-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Energy Transfer L.P.                           | Energy Transfer L.P.                                                 | CUSIP: 29277FM16<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |  33000000 | PA      | $32995920.87  | 1.19%             | 2022-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                     | Navient Student Loan Trust, Series 2017-4A, Class A2                 | CUSIP: 63940AAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2119819 | PA      | $2116881.36   | 0.08%             | 2066-09-27      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc.                                     | ONEOK Inc.                                                           | CUSIP: 68269FM89<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2997122.67   | 0.11%             | 2022-12-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                          | Bank of America Corp.                                                | CUSIP: 06051GJH3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14331307.50  | 0.52%             | 2024-10-24      | Variable      | 0.81%                 | No            |                  2 | On Loan: No      |
| ANZ New Zealand Int'l Ltd.                     | ANZ New Zealand Int'l Ltd.                                           | CUSIP: 0018A3SR6<br>LEI: 213800VD256NU2D97H12 | Long             | DBT              | CORP              | GB        |  19000000 | PA      | $18561471.64  | 0.67%             | 2023-05-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                   | American Honda Finance Corp.                                         | CUSIP: 02665WDG3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15003118.80  | 0.54%             | 2023-05-10      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| 7-Eleven, Inc.                                 | 7-Eleven, Inc.                                                       | CUSIP: 817826AA8<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |  14794000 | PA      | $14663757.62  | 0.53%             | 2023-02-10      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Banking Corp.                  | Sumitomo Mitsui Banking Corp.                                        | CUSIP: 86565FKS0<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14864040.30  | 0.54%             | 2023-04-27      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust      | Navient Private Education Refi Loan Trust, Series 2020-FA, Class A   | CUSIP: 63941XAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8147564 | PA      | $7227788.57   | 0.26%             | 2069-07-15      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| Brighthouse Financial Global Funding           | Brighthouse Financial Global Funding                                 | CUSIP: 10921U2D9<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   3255000 | PA      | $3166166.98   | 0.11%             | 2023-06-28      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co. Inc.              | General Motors Financial Co. Inc.                                    | CUSIP: 37046URC7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9792150.60   | 0.35%             | 2023-04-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables 2022-C Owner Trust     | Toyota Auto Receivables 2022-C Owner Trust, Series 2022-C, Class A2A | CUSIP: 89231CAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4600000 | PA      | $4545130.74   | 0.16%             | 2025-08-15      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co., Inc.              | American Electric Power Co., Inc., Series M                          | CUSIP: 025537AQ4<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   4557000 | PA      | $4367824.03   | 0.16%             | 2023-11-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Humana Inc.                                    | Humana Inc.                                                          | CUSIP: 444859BP6<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   3889000 | PA      | $3774559.45   | 0.14%             | 2023-08-03      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| PayPal Holdings, Inc.                          | PayPal Holdings, Inc.                                                | CUSIP: 70450YAF0<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |   9687000 | PA      | $9575240.31   | 0.35%             | 2023-06-01      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                                     | Apple Inc.                                                           | CUSIP: 037833DV9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |  10009000 | PA      | $9840735.10   | 0.36%             | 2023-05-11      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                          | Athene Global Funding                                                | CUSIP: 04685A2S9<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9483391.90   | 0.34%             | 2024-01-08      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.          | NextEra Energy Capital Holdings, Inc.                                | CUSIP: 65339KBU3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |  15460000 | PA      | $15302679.19  | 0.55%             | 2023-03-01      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Mitsubishi HC Capital America Inc.             | Mitsubishi HC Capital America Inc.                                   | CUSIP: 60678NN34<br>LEI: SAG6K2J487EOB0C5BI47 | Long             | DBT              | CORP              | US        |  19000000 | PA      | $18918855.18  | 0.68%             | 2023-01-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Swedbank AB                                    | Swedbank AB                                                          | CUSIP: 87020PAK3<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |  12000000 | PA      | $11756380.80  | 0.42%             | 2023-06-02      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| USAA Capital Corp.                             | USAA Capital Corp.                                                   | CUSIP: 90327QD48<br>LEI: 5493007XLF4LU3U2W757 | Long             | DBT              | CORP              | US        |  12960000 | PA      | $12786735.56  | 0.46%             | 2023-05-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon (The)                  | Bank of New York Mellon (The)                                        | CUSIP: 06405LAC5<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |   8333000 | PA      | $8340854.02   | 0.30%             | 2025-11-21      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                      | Toyota Motor Credit Corp.                                            | CUSIP: 89236TJE6<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19989841.40  | 0.72%             | 2023-04-06      | Floating      | 3.89%                 | No            |                  2 | On Loan: No      |
| Phillips 66                                    | Phillips 66                                                          | CUSIP: 718546AU8<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |  14000000 | PA      | $13967200.94  | 0.50%             | 2023-04-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Credit Suisse AG                               | Credit Suisse AG                                                     | CUSIP: 22550L2D2<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |  13636000 | PA      | $13089235.81  | 0.47%             | 2023-05-05      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                        | Hyundai Capital America                                              | CUSIP: 44891ABY2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  11628000 | PA      | $10684897.57  | 0.39%             | 2024-09-17      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services Inc.    | Fidelity National Information Services Inc.                          | CUSIP: 31622GM87<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4995391.10   | 0.18%             | 2022-12-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Equitable Financial Life Global Funding        | Equitable Financial Life Global Funding                              | CUSIP: 29449WAC1<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |  14500000 | PA      | $13857584.61  | 0.50%             | 2023-11-17      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                 | Enterprise Fleet Financing LLC, Series 2020-2, Class A2              | CUSIP: 29375MAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8500167 | PA      | $8259387.09   | 0.30%             | 2026-07-20      | Fixed         | 0.61%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                    | Capital One Financial Corp.                                          | CUSIP: 14040HBD6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  13005000 | PA      | $12906619.13  | 0.47%             | 2023-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Constellation Brands Inc.                      | Constellation Brands Inc.                                            | CUSIP: 21037DM27<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |  27800000 | PA      | $27793119.50  | 1.00%             | 2022-12-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                     | MMAF Equipment Finance LLC, Series 2020-A, Class A2                  | CUSIP: 60700MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    888823 | PA      | $877393.01    | 0.03%             | 2024-04-09      | Fixed         | 0.74%                 | No            |                  2 | On Loan: No      |
| Georgia-Pacific LLC                            | Georgia-Pacific LLC                                                  | CUSIP: 37331NAD3<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |  11850000 | PA      | $11750757.44  | 0.42%             | 2023-07-15      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                        | CarMax Auto Owner Trust, Series 2021-2, Class A2A                    | CUSIP: 14314QAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    130361 | PA      | $130152.66    | 0.00%             | 2024-06-17      | Fixed         | 0.27%                 | No            |                  2 | On Loan: No      |
| Brookfield BRP Holdings Canada Inc.            | Brookfield BRP Holdings Canada Inc.                                  | CUSIP: 11284XMC2<br>LEI: 549300NSPD7QJ50GZW26 | Long             | DBT              | CORP              | CA        |  14000000 | PA      | $13980432.62  | 0.51%             | 2022-12-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                 | Morgan Stanley                                                       | CUSIP: 61772BAA1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  10714000 | PA      | $10502218.50  | 0.38%             | 2024-04-05      | Variable      | 0.73%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                     | Aviation Capital Group LLC                                           | CUSIP: 05369CMC8<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   8900000 | PA      | $8888106.66   | 0.32%             | 2022-12-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                 | Hyundai Auto Receivables Trust, Series 2022-C, Class A2A             | CUSIP: 44933DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11000000 | PA      | $10995087.40  | 0.40%             | 2025-11-17      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| White Plains Capital Co. LLC                   | White Plains Capital Co. LLC                                         | CUSIP: 96437UP16<br>LEI: N/A                  | Long             | ABS-APCP         | CORP              | US        |  20000000 | PA      | $19839140.00  | 0.72%             | 2023-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                 | Protective Life Global Funding                                       | CUSIP: 74368CAR5<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |  15500000 | PA      | $15188669.48  | 0.55%             | 2023-06-09      | Fixed         | 1.08%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                   | United States Treasury Bills                                         | CUSIP: 912796ZD4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19091779.20  | 0.69%             | 2023-11-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                   | United States Treasury Bills                                         | CUSIP: 912796YJ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19233422.20  | 0.69%             | 2023-10-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                                   | NVIDIA Corp.                                                         | CUSIP: 67066GAK0<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19509840.80  | 0.70%             | 2023-06-15      | Fixed         | 0.31%                 | No            |                  2 | On Loan: No      |
| WGL Holdings Inc.                              | WGL Holdings Inc.                                                    | CUSIP: 9292E1MD5<br>LEI: 549300FMXG4FL88R7K50 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9985591.70   | 0.36%             | 2022-12-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                           | Verizon Master Trust, Series 2022-5, Class A1A                       | CUSIP: 92348KAV5<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   7500000 | PA      | $7363029.75   | 0.27%             | 2027-07-20      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust              | World Omni Auto Receivables Trust, Series 2022-C, Class A2           | CUSIP: 98163TAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14000000 | PA      | $13802521.60  | 0.50%             | 2026-03-16      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| MassMutual Global Funding II                   | MassMutual Global Funding II                                         | CUSIP: 57629WDC1<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |  10020000 | PA      | $9937292.31   | 0.36%             | 2024-04-12      | Floating      | 3.96%                 | No            |                  2 | On Loan: No      |
| Atmos Energy Corp.                             | Atmos Energy Corp.                                                   | CUSIP: 049560AV7<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |   9756000 | PA      | $9746269.07   | 0.35%             | 2023-03-09      | Floating      | 3.57%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                    | Nationwide Building Society                                          | CUSIP: 63859UBE2<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   8571000 | PA      | $8535328.87   | 0.31%             | 2023-01-27      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                               | Bank of Montreal                                                     | CUSIP: 06367CYC5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | US        |  15500000 | PA      | $15431694.29  | 0.56%             | 2023-10-05      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                 | Hyundai Auto Receivables Trust, Series 2022-B, Class A2A             | CUSIP: 44918MAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $9895665.00   | 0.36%             | 2025-05-15      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                 | Protective Life Global Funding                                       | CUSIP: 74368CAZ7<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   4082000 | PA      | $3927100.59   | 0.14%             | 2023-10-13      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| Mizuho Bank, Ltd.                              | Mizuho Bank, Ltd.                                                    | CUSIP: 60688XAP5<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | DBT              | CORP              | JP        |  13000000 | PA      | $12614142.58  | 0.46%             | 2024-09-25      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| E.ON SE                                        | E.ON SE                                                              | CUSIP: 26877KM15<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | DBT              | CORP              | DE        |  30000000 | PA      | $29996584.20  | 1.08%             | 2022-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Banco Santander S.A.                           | Banco Santander S.A.                                                 | CUSIP: 05971KAM1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  17000000 | PA      | $16661908.59  | 0.60%             | 2024-05-24      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| Suncor Energy Inc.                             | Suncor Energy Inc.                                                   | CUSIP: 86723BN97<br>LEI: 549300W70ZOQDVLCHY06 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $9949611.10   | 0.36%             | 2023-01-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Principal Life Global Funding II               | Principal Life Global Funding II                                     | CUSIP: 74256LEQ8<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   8695000 | PA      | $8049626.15   | 0.29%             | 2024-08-23      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Canadian Natural Resources Ltd.                | Canadian Natural Resources Ltd.                                      | CUSIP: 136385AW1<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |  25000000 | PA      | $24979758.25  | 0.90%             | 2023-01-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                      | Chesapeake Funding II LLC, Series 2020-1A, Class A2                  | CUSIP: 165183CK8<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   1884027 | PA      | $1880560.69   | 0.07%             | 2032-08-15      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.          | Sumitomo Mitsui Financial Group, Inc.                                | CUSIP: 86562MCC2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   1364000 | PA      | $1295712.10   | 0.05%             | 2024-01-12      | Fixed         | 0.51%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                        | Hyundai Capital America                                              | CUSIP: 44891ABE6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  14485000 | PA      | $14397601.13  | 0.52%             | 2023-02-10      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy Resources Corp.             | CenterPoint Energy Resources Corp.                                   | CUSIP: 15189WAN0<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |   8333000 | PA      | $8326793.25   | 0.30%             | 2023-03-02      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                     | Aviation Capital Group LLC                                           | CUSIP: 05369CME4<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14976485.85  | 0.54%             | 2022-12-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                        | GA Global Funding Trust                                              | CUSIP: 36143L2C8<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |  10909000 | PA      | $9934746.77   | 0.36%             | 2024-09-13      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.           | Mitsubishi UFJ Financial Group, Inc.                                 | CUSIP: 606822AT1<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |  15000000 | PA      | $14946110.40  | 0.54%             | 2023-03-02      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                     | MMAF Equipment Finance LLC, Series 2020-BA, Class A2                 | CUSIP: 60700KAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8420 | PA      | $8406.32      | 0.00%             | 2023-08-14      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co. Inc.              | General Motors Financial Co. Inc.                                    | CUSIP: 37046UT68<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  17000000 | PA      | $16495564.61  | 0.60%             | 2023-06-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                     | J.P. Morgan Securities LLC                                           | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | RA               | CORP              | US        |  45000000 | PA      | $45000000.00  | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel Finance America LLC                       | Enel Finance America LLC                                             | CUSIP: 29279HND3<br>LEI: 549300EGNLVUJX1DEC60 | Long             | DBT              | CORP              | US        |  39000000 | PA      | $38769770.13  | 1.40%             | 2023-01-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                    | Toronto-Dominion Bank (The)                                          | CUSIP: 89119BSG2<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  20000000 | PA      | $19544739.40  | 0.71%             | 2023-05-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc.                          | Keurig Dr Pepper Inc.                                                | CUSIP: 49271VAL4<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |  18500000 | PA      | $17519630.43  | 0.63%             | 2024-03-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Sherwin-Williams Co. (The)                     | Sherwin-Williams Co. (The)                                           | CUSIP: 824348BQ8<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   4807000 | PA      | $4733326.14   | 0.17%             | 2024-08-08      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC              | Enterprise Products Operating LLC                                    | CUSIP: 29379VAZ6<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |  11150000 | PA      | $11099182.54  | 0.40%             | 2023-03-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Reliance Standard Life Global Funding II       | Reliance Standard Life Global Funding II                             | CUSIP: 75951AAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3700000 | PA      | $3684011.26   | 0.13%             | 2023-01-21      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                     | Aviation Capital Group LLC                                           | CUSIP: 05369CM61<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2998023.00   | 0.11%             | 2022-12-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AmerisourceBergen Corp.                        | AmerisourceBergen Corp.                                              | CUSIP: 03073EAS4<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |   4502000 | PA      | $4447343.65   | 0.16%             | 2023-03-15      | Fixed         | 0.74%                 | No            |                  2 | On Loan: No      |
| Energy Transfer L.P.                           | Energy Transfer L.P.                                                 | CUSIP: 29277FM57<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   5200000 | PA      | $5196771.68   | 0.19%             | 2022-12-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank U.A.                     | Cooperatieve Rabobank U.A.                                           | CUSIP: 21688AAL6<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   8450000 | PA      | $8435651.90   | 0.30%             | 2023-01-10      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                       | John Deere Capital Corp.                                             | CUSIP: 24422EVU0<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   6222000 | PA      | $5806625.69   | 0.21%             | 2024-09-10      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                          | Westpac Banking Corp.                                                | CUSIP: 9612C1VW4<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |  20000000 | PA      | $19211030.00  | 0.69%             | 2023-08-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Jackson National Life Global Funding           | Jackson National Life Global Funding                                 | CUSIP: 46849LTN1<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10001096.20  | 0.36%             | 2023-01-06      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| AT&T Inc.                                      | AT&T Inc.                                                            | CUSIP: 00206RMH2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   9918000 | PA      | $9847848.70   | 0.36%             | 2024-03-25      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                             | Southern Co. (The), Series 2021                                      | CUSIP: 842587DK0<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |  10526000 | PA      | $10492984.46  | 0.38%             | 2023-05-10      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC        | Mercedes-Benz Finance North America LLC                              | CUSIP: 58769JAA5<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15111021.15  | 0.55%             | 2024-11-27      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                      | Bank of Nova Scotia (The)                                            | CUSIP: 064159TE6<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  25000000 | PA      | $24895498.25  | 0.90%             | 2023-02-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Principal Life Global Funding II               | Principal Life Global Funding II                                     | CUSIP: 74256LEM7<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   5883000 | PA      | $5839375.55   | 0.21%             | 2024-04-12      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Welltower Inc.                                 | Welltower Inc.                                                       | CUSIP: 95040QAG9<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12251169.75  | 0.44%             | 2024-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                | Goldman Sachs Group, Inc. (The)                                      | CUSIP: 38141GWT7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   8430000 | PA      | $8400155.52   | 0.30%             | 2023-02-23      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                              | Crown Castle Inc.                                                    | CUSIP: 22823QMF5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $6288093.00   | 0.23%             | 2022-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                            | Macquarie Bank Ltd.                                                  | CUSIP: PPE1EH9R1<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |  29000000 | PA      | $29018386.00  | 1.05%             | 2023-03-02      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| Humana Inc.                                    | Humana Inc.                                                          | CUSIP: 44486JN47<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9956755.60   | 0.36%             | 2023-01-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Constellation Brands Inc.                      | Constellation Brands Inc.                                            | CUSIP: 21037DML5<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2992293.33   | 0.11%             | 2022-12-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Suncor Energy Inc.                             | Suncor Energy Inc.                                                   | CUSIP: 86723BM98<br>LEI: 549300W70ZOQDVLCHY06 | Long             | DBT              | CORP              | CA        |  14500000 | PA      | $14484949.00  | 0.52%             | 2022-12-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                   | New York Life Global Funding                                         | CUSIP: 64952WDP5<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   3244000 | PA      | $3194578.80   | 0.12%             | 2023-05-05      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| AIG Global Funding                             | AIG Global Funding                                                   | CUSIP: 00138CAM0<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   7317000 | PA      | $7134714.14   | 0.26%             | 2023-07-07      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Brookfield BRP Holdings Canada Inc.            | Brookfield BRP Holdings Canada Inc.                                  | CUSIP: 11284XMF5<br>LEI: 549300NSPD7QJ50GZW26 | Long             | DBT              | CORP              | CA        |  20000000 | PA      | $19964725.00  | 0.72%             | 2022-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                          | Societe Generale S.A.                                                | CUSIP: 83369CYE8<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  20000000 | PA      | $18942620.00  | 0.68%             | 2023-11-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                    | Capital One Financial Corp.                                          | CUSIP: 14040HCD5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  14827000 | PA      | $14667943.21  | 0.53%             | 2023-05-11      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada                        | National Bank of Canada                                              | CUSIP: 63307A2J3<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |  30357000 | PA      | $30235481.84  | 1.09%             | 2023-02-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables 2022-D Owner Trust     | Toyota Auto Receivables 2022-D Owner Trust, Series 2022-D, Class A2A | CUSIP: 89239HAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4432000 | PA      | $4430841.92   | 0.16%             | 2026-01-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Arrow Electronics Inc.                         | Arrow Electronics Inc.                                               | CUSIP: 04273MMF7<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9981129.20   | 0.36%             | 2022-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                          | Bank of America Corp.                                                | CUSIP: 06053FAA7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4980694.85   | 0.18%             | 2023-07-24      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                 | Morgan Stanley                                                       | CUSIP: 61747YEQ4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  12230000 | PA      | $11923746.98  | 0.43%             | 2025-04-17      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Equitable Financial Life Global Funding        | Equitable Financial Life Global Funding                              | CUSIP: 29449WAJ6<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |  11429000 | PA      | $10597212.35  | 0.38%             | 2024-08-12      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Santander Retail Auto Lease Trust              | Santander Retail Auto Lease Trust, Series 2021-B, Class A2           | CUSIP: 80286DAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1558532 | PA      | $1548988.66   | 0.06%             | 2024-01-22      | Fixed         | 0.31%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Receivables Trust           | Mercedes-Benz Auto Receivables Trust, Series 2022-1, Class A2        | CUSIP: 58768PAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7750000 | PA      | $7742368.58   | 0.28%             | 2025-10-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                | Goldman Sachs Group, Inc. (The)                                      | CUSIP: 38141GZV9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   5830000 | PA      | $5902751.70   | 0.21%             | 2024-11-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Unilever Capital Corp.                         | Unilever Capital Corp.                                               | CUSIP: 904764BN6<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6546816.08   | 0.24%             | 2024-08-12      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                       | Lloyds Banking Group PLC                                             | CUSIP: 539439AS8<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  26365000 | PA      | $26128655.97  | 0.94%             | 2023-08-16      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Capital One Prime Auto Receivables Trust       | Capital One Prime Auto Receivables Trust, Series 2022-2, Class A2A   | CUSIP: 14043GAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $9876560.00   | 0.36%             | 2025-09-15      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| Metropolitan Life Global Funding I             | Metropolitan Life Global Funding I                                   | CUSIP: 59217GEF2<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   3749000 | PA      | $3750014.70   | 0.14%             | 2023-01-13      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                     | Aviation Capital Group LLC                                           | CUSIP: 05369CM12<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14998355.85  | 0.54%             | 2022-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                   | New York Life Global Funding                                         | CUSIP: 64952WET6<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   9524000 | PA      | $9277633.83   | 0.34%             | 2024-06-06      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                | Goldman Sachs Group, Inc. (The)                                      | CUSIP: 38141GZP2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  14084000 | PA      | $13724444.92  | 0.50%             | 2024-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Synchrony Card Funding LLC                     | Synchrony Card Funding LLC, Series 2022-A2, Class A                  | CUSIP: 87166PAH4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20000000 | PA      | $19544186.00  | 0.71%             | 2028-07-15      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust      | Navient Private Education Refi Loan Trust, Series 2021-FA, Class A   | CUSIP: 63942GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4104193 | PA      | $3367082.10   | 0.12%             | 2070-02-18      | Fixed         | 1.11%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan Energy Partners, L.P.            | Kinder Morgan Energy Partners, L.P.                                  | CUSIP: 28370TAG4<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |  19180000 | PA      | $18936704.96  | 0.68%             | 2024-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd.                           | Macquarie Group Ltd.                                                 | CUSIP: 55608JBL1<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |  15000000 | PA      | $15094438.50  | 0.55%             | 2024-11-22      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Financial Services Inc.        | Harley-Davidson Financial Services Inc.                              | CUSIP: 41282KM70<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14987677.05  | 0.54%             | 2022-12-07      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Discover Bank                                  | Discover Bank                                                        | CUSIP: 25466AAK7<br>LEI: X05BVSK68TQ7YTOSNR22 | Long             | DBT              | CORP              | US        |  11861000 | PA      | $11823227.22  | 0.43%             | 2023-02-06      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Barclays Capital Inc.                          | Barclays Capital Inc.                                                | CUSIP: 06743VPF1<br>LEI: AC28XWWI3WIBK2824319 | Long             | DBT              | CORP              | US        |  24000000 | PA      | $23770950.72  | 0.86%             | 2023-02-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Regatta Funding Co. LLC                        | Regatta Funding Co. LLC                                              | CUSIP: 75888XNJ1<br>LEI: 549300WUYTMY4HKCQ621 | Long             | ABS-APCP         | CORP              | US        |  30000000 | PA      | $29823477.60  | 1.08%             | 2023-01-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Banco Santander S.A.                           | Banco Santander S.A.                                                 | CUSIP: 05970UPF9<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  24000000 | PA      | $23771874.72  | 0.86%             | 2023-02-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce             | Canadian Imperial Bank of Commerce                                   | CUSIP: 13606KEG7<br>LEI: 549300H8L46OOZOFHU82 | Long             | DBT              | CORP              | CA        |  25000000 | PA      | $25008501.25  | 0.90%             | 2023-03-03      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC       | Volkswagen Group of America Finance, LLC                             | CUSIP: 928668BD3<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    595000 | PA      | $589581.06    | 0.02%             | 2023-05-12      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services Inc.    | Fidelity National Information Services Inc.                          | CUSIP: 31622GMK0<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |  14000000 | PA      | $13968323.88  | 0.50%             | 2022-12-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                  | Enbridge Inc.                                                        | CUSIP: 29250NBM6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   5756000 | PA      | $5700777.22   | 0.21%             | 2024-02-16      | Floating      | 4.46%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                             | BMW US Capital LLC                                                   | CUSIP: 05565EAM7<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   5215000 | PA      | $5112848.63   | 0.18%             | 2023-09-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| E.ON SE                                        | E.ON SE                                                              | CUSIP: 26877KNT3<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | DBT              | CORP              | DE        |   9750000 | PA      | $9675935.20   | 0.35%             | 2023-01-27      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel             | Banque Federative du Credit Mutuel                                   | CUSIP: 06675FAR8<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   7100000 | PA      | $7030568.82   | 0.25%             | 2023-07-20      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Tampa Electric Co.                             | Tampa Electric Co.                                                   | CUSIP: 875127BK7<br>LEI: WS423EPRKJIIJUITXD73 | Long             | DBT              | CORP              | US        |   3188000 | PA      | $3115861.30   | 0.11%             | 2024-07-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HSBC USA Inc.                                  | HSBC USA Inc.                                                        | CUSIP: 40434RN65<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24891775.00  | 0.90%             | 2023-01-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                    | Toronto-Dominion Bank (The)                                          | CUSIP: 89119BWS1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  14000000 | PA      | $13384583.38  | 0.48%             | 2023-09-26      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc.                  | Thermo Fisher Scientific Inc.                                        | CUSIP: 883556CP5<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |  13208000 | PA      | $12748284.73  | 0.46%             | 2023-10-18      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Equitable Financial Life Global Funding        | Equitable Financial Life Global Funding                              | CUSIP: 29449WAH0<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19965723.80  | 0.72%             | 2023-04-06      | Floating      | 3.97%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                  | Enbridge Inc.                                                        | CUSIP: 29250NBD6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   3571000 | PA      | $3567852.27   | 0.13%             | 2023-02-17      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** Invesco Management Trust

**Signature:** Sheri Morris

**Name of Signer:** Sheri Morris

**Title:** Vice President