NPORT-EX 2 edgar.htm HTML

Schedule of Investments

November 30, 2022

(Unaudited)

 

      Interest
Rate
   Maturity
Date
   Principal
Amount
(000)
     Value

Municipal Obligations–163.30%(a)

           

Alabama–2.21%

           

Alabama (State of) Special Care Facilities Financing Authority (Ascension Health Senior Credit Group); Series 2016 B, Ref. RB(b)

   5.00%    11/15/2046    $ 4,875      $     4,967,964

Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging); Series 2016, RB

   5.75%    06/01/2045      245      217,371

Birmingham (City of), AL Water Works Board; Series 2016 B, Ref. RB(c)(d)

   5.00%    01/01/2027      1,260      1,371,001

Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village); Series 2007, RB (Acquired 12/17/2007-12/18/2007; Cost $2,200,715)(e)(f)

   5.50%    01/01/2043      2,525      1,603,375

Lower Alabama Gas District (The); Series 2016 A, RB

   5.00%    09/01/2046      1,360      1,402,511

Southeast Energy Authority A Cooperative District (No. 2); Series 2021 B, RB(d)

   4.00%    12/01/2031      1,520      1,463,239

Southeast Energy Authority A Cooperative District (No. 3); Series 2022 A-1, RB(d)

   5.50%    12/01/2029      1,430      1,520,613

Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining);
Series 2019 A, Ref. IDR(g)

   5.25%    05/01/2044      835      693,351
                        13,239,425

Alaska–0.06%

           

Northern Tobacco Securitization Corp.; Series 2021 A-1, Ref. RB

   4.00%    06/01/2050      425      362,425

Arizona–2.65%

           

Arizona (State of) Health Facilities Authority (Scottsdale Lincoln Hospital); Series 2014, Ref. RB

   5.00%    12/01/2042      2,210      2,237,226

Arizona (State of) Industrial Development Authority; Series 2019-2A, Revenue Ctfs.

   3.63%    05/20/2033      1,077      1,037,506

Arizona (State of) Industrial Development Authority (Master Academy of Nevada - Bonanza Capmus); Series 2020 A, RB(g)

   5.00%    12/15/2040      255      246,179

Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus);

           

Series 2017, Ref. RB

   5.00%    11/15/2030      1,170      1,125,405

Series 2017, Ref. RB

   5.00%    11/15/2045      905      762,231

Goodyear (City of), AZ; Series 2020, RB (INS - AGM)(h)

   4.00%    07/01/2045      1,750      1,724,695

Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools); Series 2019, Ref. RB(g)

   5.00%    07/01/2054      230      205,302

Phoenix (City of), AZ Industrial Development Authority (Legacy Traditional Schools);
Series 2014 A, RB(g)

   6.50%    07/01/2034      510      524,507

Pima (County of), AZ Industrial Development Authority (American Leadership Academy); Series 2019, Ref. RB(g)

   5.00%    06/15/2052      365      320,690

Pima (County of), AZ Industrial Development Authority (Grande Innovations Academy); Series 2018, RB(g)

   5.38%    07/01/2052      1,215      1,105,723

Pima (County of), AZ Industrial Development Authority (Tucson Medical Center);
Series 2021, Ref. RB

   3.00%    04/01/2051      1,580      1,127,030

Salt Verde Financial Corp.;

           

Series 2007, RB

   5.00%    12/01/2032      785      824,394

Series 2007, RB

   5.00%    12/01/2037      3,520      3,643,233

Yuma (City of), AZ Industrial Development Authority (Regional Medical Center);
Series 2014 A, RB

   5.00%    08/01/2029      1,000      1,022,900
                        15,907,021

Arkansas–0.10%

           

Arkansas (State of) Development Finance Authority (Baptist Memorial Health); Series 2020, Ref. RB

   5.00%    09/01/2044      630      629,129

California–19.21%

           

Bay Area Toll Authority (San Francisco Bay Area);

           

Series 2017 F-1, RB(b)(c)(d)(i)

   5.00%    04/01/2027      2,550      2,808,203

Series 2017, Ref. RB

   4.00%    04/01/2038      2,200      2,234,565

Beverly Hills Unified School District (Election of 2008); Series 2009, GO Bonds(j)

   0.00%    08/01/2028      1,250      1,044,704

California (State of);

           

Series 2013, GO Bonds

   5.00%    04/01/2037      1,850      1,860,416

Series 2013, Ref. GO Bonds

   5.25%    09/01/2030      2,500      2,550,422

Series 2020, GO Bonds (INS - BAM)(h)

   3.00%    11/01/2050      2,375      1,832,201

Series 2022, GO Bonds

   5.25%    09/01/2047      1,535      1,741,805

Series 2022, Ref. GO Bonds

   4.00%    04/01/2042      3,275      3,332,460

California (State of) Community Housing Agency (Annadel Apartments); Series 2019 A, RB(g)

   5.00%    04/01/2049      855      731,444

 

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

 

  Invesco Trust for Investment Grade Municipals


      Interest
Rate
   Maturity
Date
   Principal
Amount
(000)
     Value

California–(continued)

           

California (State of) Health Facilities Financing Authority (PIH Health); Series 2020 A, RB

   4.00%    06/01/2050    $ 4,265      $     3,991,386

California (State of) Housing Finance Agency;

           

Series 2019 A-2, RB

   4.00%    03/20/2033      486      472,415

Series 2021 A, RB

   3.25%    08/20/2036      325      280,437

Series 2021-1A, Revenue Ctfs.

   3.50%    11/20/2035      829      748,417

California (State of) Infrastructure & Economic Development Bank (California State Teachers’ Retirement System Headquarters Expansion) (Green Bonds); Series 2019, RB

   5.00%    08/01/2049      2,080      2,206,709

California (State of) Municipal Finance Authority (Bella Mente Montessori Academy);
Series 2018 A, RB(g)

   5.00%    06/01/2048      195      172,944

California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing); Series 2018, RB

   5.00%    05/15/2037      1,365      1,385,308

California (State of) Municipal Finance Authority (Linxs APM);

           

Series 2018 A, RB(k)

   5.00%    12/31/2036      1,700      1,743,682

Series 2018 A, RB(k)

   5.00%    12/31/2047      2,055      2,067,006

California (State of) Municipal Finance Authority (United Airlines, Inc.); Series 2019, RB(k)

   4.00%    07/15/2029      1,700      1,650,015

California (State of) Municipal Finance Authority (William Jessup University);
Series 2019, Ref. RB(g)

   5.00%    08/01/2039      255      239,596

California (State of) Pollution Control Finance Authority;

           

Series 2012, RB(g)(k)

   5.00%    07/01/2027      1,130      1,130,525

Series 2012, RB(g)(k)

   5.00%    07/01/2030      1,650      1,650,470

Series 2012, RB(g)(k)

   5.00%    07/01/2037      3,610      3,540,295

California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center);

           

Series 2014, RB

   5.25%    12/01/2044      875      881,256

Series 2016 A, RB(g)

   5.00%    12/01/2041      1,380      1,380,322

Series 2016 A, RB(g)

   5.25%    12/01/2056      1,025      1,020,888

California (State of) Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.); Series 2006 C, RB(j)

   0.00%    06/01/2055      11,260      963,492

California (State of) Tobacco Securitization Agency (Los Angeles County Securitization Corp.);

           

Series 2020 A, Ref. RB

   4.00%    06/01/2040      300      276,217

Series 2020 B-1, Ref. RB

   5.00%    06/01/2049      80      80,030

Series 2020 B-2, Ref. RB(j)

   0.00%    06/01/2055      1,700      309,754

California State University;

           

Series 2019 A, RB

   5.00%    11/01/2044      2,525      2,723,569

Series 2019 A, RB(b)

   5.00%    11/01/2049      2,160      2,314,825

Cambrian School District; Series 2022, GO Bonds

   4.00%    08/01/2052      2,355      2,259,599

CSCDA Community Improvement Authority (Jefferson-Anaheim Social Bonds);
Series 2021 A, RB(g)

   3.13%    08/01/2056      850      564,838

CSCDA Community Improvement Authority (Social Bonds);

           

Series 2021 A-2, RB(g)

   4.00%    09/01/2056      850      647,959

Series 2021, RB(g)

   4.00%    08/01/2056      510      390,136

Daly (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition); Series 2007 C, Ref. RB

   6.50%    12/15/2047      520      513,653

Foothill-Eastern Transportation Corridor Agency;

           

Series 1995 A, RB(c)(j)

   0.00%    01/01/2023      10,750      10,728,721

Series 2015, Ref. RB (INS - AGM)(h)(j)

   0.00%    01/15/2034      4,225      2,756,276

Glendale Community College District; Series 2020 B, GO Bonds

   4.00%    08/01/2050      815      805,414

Golden State Tobacco Securitization Corp.;

           

Series 2013 A, RB(c)(d)

   5.00%    06/01/2023      1,400      1,418,134

Series 2015, Ref. RB(c)(d)

   5.00%    06/01/2025      2,245      2,383,925

Series 2015, Ref. RB(c)(d)

   5.00%    06/01/2025      2,755      2,925,485

Series 2021 B-2, Ref. RB(j)

   0.00%    06/01/2066      2,845      306,300

Los Angeles (City of), CA Department of Airports; Series 2019 A, Ref. RB(k)

   5.00%    05/15/2034      925      987,702

Los Angeles (City of), CA Department of Airports (Green Bonds); Series 2022 G, RB(k)

   5.50%    05/15/2036      1,775      1,996,248

Los Angeles (City of), CA Department of Airports (Los Angeles International Airport);
Series 2019 A, Ref. RB(k)

   5.00%    05/15/2036      1,700      1,799,661

Los Angeles (City of), CA Department of Water & Power; Series 2020 B, Ref. RB

   5.00%    07/01/2050      2,385      2,576,024

Los Angeles (County of), CA Public Works Financing Authority (Green Bonds);
Series 2021 F, RB

   4.00%    12/01/2046      3,700      3,573,609

Montebello Unified School District; Series 2022 B, GO Bonds (INS - AGM)(h)

   5.00%    08/01/2050      1,260      1,354,040

 

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

 

  Invesco Trust for Investment Grade Municipals


      Interest
Rate
     Maturity
Date
     Principal
Amount
(000)
     Value

California–(continued)

           

M-S-R Energy Authority;

           

Series 2009 A, RB

     6.50%        11/01/2039      $  2,315      $      2,808,822

Series 2009 B, RB

     6.13%        11/01/2029        895      991,950

Series 2009 B, RB

     6.50%        11/01/2039        595      721,922

Mt. San Antonio Community College District (Election of 2008); Series 2013 A, GO Bonds(l)

     6.25%        08/01/2043        2,055      1,854,594

Regents of the University of California Medical Center; Series 2022 P, RB(b)(i)

     4.00%        05/15/2053        5,545      5,232,030

Sacramento (City of), CA Unified School District (Election of 2020);

           

Series 2022 A, GO Bonds (INS - BAM)(h)

     5.50%        08/01/2047        1,330      1,494,241

Series 2022 A, GO Bonds (INS - BAM)(h)

     5.50%        08/01/2052        1,615      1,805,592

San Diego (County of), CA Regional Airport Authority; Series 2021 A, RB

     5.00%        07/01/2056        2,045      2,132,500

San Francisco (City & County of), CA Airport Commission (San Francisco International Airport);

           

Series 2016, RB(k)

     5.00%        05/01/2046        5,000      5,064,224

Series 2019 E, RB(k)

     5.00%        05/01/2037        680      712,909

Series 2019 E, RB(k)

     5.00%        05/01/2050        2,400      2,445,401

Series 2021 A, Ref. RB(k)

     5.00%        05/01/2036        620      661,212

Santa Margarita Water District (Community Facilities District No. 2013-1); Series 2013, RB

     5.50%        09/01/2032        685      693,582

Silicon Valley Tobacco Securitization Authority (Santa Clara); Series 2007 A, RB(j)

     0.00%        06/01/2041        3,560      1,225,313
                                115,197,794

Colorado–5.72%

           

Arkansas River Power Authority; Series 2006, RB(c)

     5.88%        10/01/2026        1,035      1,100,514

Aurora Highlands Community Authority Board; Series 2021 A, Ref. RB

     5.75%        12/01/2051        850      756,690

Belford North Metropolitan District; Series 2020 A, GO Bonds

     5.50%        12/01/2050        1,060      924,666

Centerra Metropolitan District No. 1; Series 2022, RB

     6.50%        12/01/2053        600      600,368

Centerra Metropolitan District No. 1 (In the City of Loveland);

           

Series 2017, RB(g)

     5.00%        12/01/2047        1,715      1,545,342

Series 2020 A, Ref. GO Bonds

     5.00%        12/01/2051        680      581,257

Colorado (State of) Health Facilities Authority (Adventhealth Obligated Group);
Series 2021 A, Ref. RB

     4.00%        11/15/2050        760      698,798

Colorado (State of) Health Facilities Authority (CommonSpirit Health);

           

Series 2019 A-2, Ref. RB

     5.00%        08/01/2044        3,750      3,800,656

Series 2019 A-2, Ref. RB(b)(i)

     5.00%        08/01/2044        1,275      1,292,223

Series 2019 A-2, Ref. RB

     4.00%        08/01/2049        1,705      1,424,389

Colorado (State of) Health Facilities Authority (Evangelical Lutheran Good Samaritan Society (The)); Series 2017, Ref. RB(c)(d)

     5.00%        06/01/2027        600      652,559

Colorado (State of) Health Facilities Authority (Volunteers of America Care);

           

Series 2007 A, RB

     5.25%        07/01/2027        670      623,936

Series 2007 A, RB

     5.30%        07/01/2037        260      208,994

Colorado (State of) High Performance Transportation Enterprise (C-470 Express Lanes); Series 2017, RB

     5.00%        12/31/2047        945      947,216

Colorado (State of) Science and Technology Park Metropolitan District No. 1;
Series 2018, RB

     5.00%        12/01/2033        500      488,607

Colorado Crossing Metropolitan District No. 2; Series 2020 A-1, Ref. GO Bonds

     5.00%        12/01/2047        500      433,141

Denver (City & County of), CO;

           

Series 2018 A, RB(b)(k)

     5.25%        12/01/2048        1,795      1,854,026

Series 2018 A, Ref. RB(k)

     5.25%        12/01/2048        1,650      1,704,258

Series 2018 A-2, RB(j)

     0.00%        08/01/2033        2,300      1,501,709

Series 2022 A, RB(k)

     5.50%        11/15/2035        885      990,485

Series 2022 A, RB(k)

     5.50%        11/15/2042        1,235      1,343,591

Series 2022 A, RB(k)

     5.00%        11/15/2047        2,050      2,115,132

Series 2022 A, RB(k)

     5.50%        11/15/2053        630      671,979

Great Western Metropolitan District; Series 2020, Ref. GO Bonds

     4.75%        12/01/2050        470      395,529

Hogback Metropolitan District; Series 2021 A, GO Bonds

     5.00%        12/01/2051        550      464,661

Jefferson (County of), CO Center Metropolitan District No. 1; Series 2020 B, Ref. RB

     5.75%        12/15/2050        740      698,611

Johnstown Plaza Metropolitan District; Series 2022, Ref. GO Bonds

     4.25%        12/01/2046        835      662,415

Mulberry Metropolitan District No. 2; Series 2022, RB

     7.00%        12/01/2034        765      775,129

Neu Town Metropolitan District; Series 2018 A, Ref. GO Bonds

     5.38%        12/01/2046        720      672,790

North Range Metropolitan District No. 3; Series 2020 A, GO Bonds

     5.00%        12/01/2040        665      585,085

Rampart Range Metropolitan District No. 5; Series 2021, RB

     4.00%        12/01/2051        500      337,590

Village Metropolitan District (The); Series 2020, Ref. GO Bonds

     5.00%        12/01/2049        875      803,492

White Buffalo Metropolitan District No. 3; Series 2020, GO Bonds

     5.50%        12/01/2050        600      542,980

 

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

 

  Invesco Trust for Investment Grade Municipals


      Interest
Rate
   Maturity
Date
   Principal
Amount
(000)
     Value

Colorado–(continued)

           

Windler Public Improvement Authority;

           

Series 2021 A-1, RB

   4.13%    12/01/2051    $  1,360      $        887,729

Series 2021 A-2, RB(l)

   4.50%    12/01/2041      2,105      1,193,458
                        34,280,005

District of Columbia–3.45%

           

District of Columbia;

           

Series 2014 C, GO Bonds(b)

   5.00%    06/01/2035      7,050      7,247,848

Series 2022 A, RB

   5.00%    07/01/2047      1,700      1,869,905

District of Columbia (Provident Group - Howard Properties LLC); Series 2013, RB

   5.00%    10/01/2045      695      662,222

District of Columbia Water & Sewer Authority; Series 2013 A, RB(b)(c)(d)

   5.00%    10/01/2023      3,080      3,140,981

District of Columbia Water & Sewer Authority (Green Bonds); Series 2022 C-1, RB

   4.00%    10/01/2051      1,705      1,662,291

Metropolitan Washington Airports Authority;

           

Series 2017, Ref. RB(k)

   5.00%    10/01/2042      2,740      2,804,783

Series 2021 A, Ref. RB(k)

   4.00%    10/01/2039      1,900      1,827,176

Metropolitan Washington Airports Authority (Dulles Metrorail and Capital Improvement); Series 2019 B, Ref. RB

   4.00%    10/01/2049      1,705      1,486,300
                        20,701,506

Florida–10.60%

           

Alachua (County of), FL Health Facilities Authority (Terraces at Bonita Springs);

           

Series 2022 A, Ref. RB(g)

   5.00%    11/15/2061      1,075      735,031

Series 2022 B, RB(g)

   6.50%    11/15/2033      100      86,926

Brevard (County of), FL Health Facilities Authority (Health First Obligated Group);
Series 2022 A, Ref. RB

   4.00%    04/01/2052      515      454,270

Broward (County of), FL;

           

Series 2013 C, RB(c)(d)

   5.25%    10/01/2023      2,380      2,432,966

Series 2017, RB(b)(i)(k)

   5.00%    10/01/2047      2,645      2,670,994

Series 2019 B, RB(k)

   4.00%    09/01/2044      850      760,920

Series 2022 A, RB

   4.00%    10/01/2047      5,625      5,453,767

Series 2022, RB

   5.00%    01/01/2047      1,715      1,854,188

Broward (County of), FL (Convention Center Expansion); Series 2021, RB

   4.00%    09/01/2047      3,400      3,090,925

Cape Coral (City of), FL Health Facilities Authority (Gulf Care, Inc.); Series 2015, Ref. RB(g)

   6.00%    07/01/2050      255      231,190

Central Florida Expressway Authority; Series 2019 B, RB(b)(i)

   5.00%    07/01/2049      2,430      2,542,046

Collier (County of), FL Industrial Development Authority (The Arlington of Naples);
Series 2014 A, RB (Acquired 12/16/2013; Cost $1,309,157)(e)(f)(g)

   7.75%    05/15/2035      1,340      857,600

Davie (Town of), FL (Nova Southeastern University); Series 2013 A, RB(c)(d)

   6.00%    04/01/2023      1,450      1,466,805

Florida (State of) North Broward Hospital District; Series 2017 B, Ref. RB

   5.00%    01/01/2048      3,080      3,080,418

Florida Development Finance Corp.; Series 2022 A, Ref. RB(d)(g)(k)

   7.25%    10/03/2023      850      844,741

Florida Development Finance Corp. (Green Bonds); Series 2019 B, RB(g)(k)

   7.38%    01/01/2049      680      606,371

Gainesville (City of), FL; Series 2019 A, RB

   5.00%    10/01/2047      1,250      1,305,133

Gramercy Farms Community Development District; Series 2011, Ref. RB(l)(m)

   0.00%    05/01/2039      1,070      556,400

Greater Orlando Aviation Authority;

           

Series 2017 A, RB(k)

   5.00%    10/01/2052      1,805      1,814,448

Series 2019 A, RB(k)

   4.00%    10/01/2044      2,250      2,082,729

Lake (County of), FL (Lakeside at Waterman Village);

           

Series 2020 A, Ref. RB

   5.50%    08/15/2040      660      591,753

Series 2020 A, Ref. RB

   5.75%    08/15/2050      290      253,507

Series 2020 A, Ref. RB

   5.75%    08/15/2055      1,070      915,814

Lee (County of), FL;

           

Series 2021 B, RB(k)

   5.00%    10/01/2034      1,060      1,135,198

Series 2022, RB

   5.25%    08/01/2049      4,260      4,597,864

Miami (City of) & Dade (County of), FL School Board; Series 2022 A, GO Bonds
(INS - BAM)(h)

   5.00%    03/15/2052      2,020      2,174,389

Miami Beach (City of), FL Health Facilities Authority (Mt. Sinai Medical Center);
Series 2014, Ref. RB

   5.00%    11/15/2044      955      939,980

Miami-Dade (County of), FL; Series 2021, RB

   4.00%    10/01/2048      3,375      3,205,643

Miami-Dade (County of), FL Educational Facilities Authority (University of Miami);
Series 2018 A, RB

   5.00%    04/01/2053      3,945      4,066,450

Miami-Dade (County of), FL Expressway Authority; Series 2010 A, RB

   5.00%    07/01/2040      4,250      4,250,261

Orange (County of), FL Housing Finance Authority (H.A.N.D.S., Inc.); Series 1995 A, RB

   7.00%    10/01/2025      385      385,971

 

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

 

  Invesco Trust for Investment Grade Municipals


      Interest
Rate
   Maturity
Date
   Principal
Amount
(000)
     Value

Florida–(continued)

           

Osceola (County of), FL;

           

Series 2020 A-2, Ref. RB(j)

   0.00%    10/01/2050    $  2,000      $        400,710

Series 2020 A-2, Ref. RB(j)

   0.00%    10/01/2052      460      81,645

Series 2020 A-2, Ref. RB(j)

   0.00%    10/01/2053      455      76,210

Series 2020 A-2, Ref. RB(j)

   0.00%    10/01/2054      390      61,645

Palm Beach (County of), FL Health Facilities Authority; Series 2020, RB

   5.00%    06/01/2055      510      454,702

Putnam (County of), FL Development Authority (Seminole Electric Cooperative);
Series 2018 B, Ref. PCR

   5.00%    03/15/2042      855      915,149

Reunion East Community Development District; Series 2005, RB(e)(m)

   5.80%    05/01/2036      349      3

Sarasota (County of), FL Public Hospital District (Sarasota Memorial Hospital);
Series 2022, RB

   4.00%    07/01/2052      1,705      1,539,080

South Carolina (State of) Jobs-Economic Development Authority (South Broward Hospital District Obligated Group); Series 2021 A, RB

   3.00%    05/01/2051      855      616,102

Sterling Hill Community Development District; Series 2003 A, RB(m)(n)

   6.20%    05/01/2035      1,149      620,574

Sumter (County of), FL Industrial Development Authority (Central Florida Health Alliance); Series 2014 A, RB

   5.25%    07/01/2044      1,000      1,004,225

Tallahassee (City of), FL (Tallahassee Memorial Health Care, Inc.); Series 2016, RB

   5.00%    12/01/2055      1,380      1,385,880

Tampa (City of), FL; Series 2020 A, RB(j)

   0.00%    09/01/2049      3,410      946,346
                        63,546,969

Georgia–1.62%

           

Augusta (City of), GA Development Authority; Series 2018, RB

   4.00%    07/01/2038      3,090      2,446,068

Brookhaven Development Authority;

           

Series 2020, RB(b)(i)

   4.00%    07/01/2044      1,150      1,131,996

Series 2020, RB(b)(i)

   4.00%    07/01/2049      2,255      2,165,531

Gainesville (City of) & Hall (County of), GA Hospital Authority (Northeast Georgia Health System, Inc.); Series 2021 A, RB

   3.00%    02/15/2051      510      351,646

Glynn (County of) & Brunswick (City of), GA Memorial Hospital Authority (Southeast Georgia Health System); Series 2017, RAC

   5.00%    08/01/2047      1,000      1,002,064

Main Street Natural Gas, Inc.;

                       

Series 2021 A, RB(d)

   4.00%    09/01/2027      1,360      1,363,114

Series 2021 C, RB(d)

   4.00%    12/01/2028      1,260      1,232,028
                        9,692,447

Hawaii–0.34%

           

Hawaii (State of) Department of Budget & Finance (Hawaii Pacific Health Obligated Group); Series 2013 A, Ref. RB(c)

   5.50%    07/01/2043      2,000      2,019,466

Idaho–0.33%

           

Idaho (State of) Health Facilities Authority (Valley Vista Care Corp.);

           

Series 2017 A, Ref. RB

   5.00%    11/15/2032      360      317,005

Series 2017 A, Ref. RB

   5.25%    11/15/2037      505      425,513

Spring Valley Community Infrastructure District No. 1; Series 2021, RB(g)

   3.75%    09/01/2051      1,705      1,233,018
                        1,975,536

Illinois–15.31%

           

Bartlett (Village of), IL (Quarry Redevelopment); Series 2007, Ref. RB

   5.60%    01/01/2023      375      375,195

Chicago (City of), IL;

           

Series 2002 B, GO Bonds

   5.50%    01/01/2037      1,075      1,083,510

Series 2005 D, Ref. GO Bonds

   5.50%    01/01/2040      435      438,118

Series 2007 E, Ref. GO Bonds

   5.50%    01/01/2042      350      352,511

Series 2012, RB

   5.00%    01/01/2042      2,745      2,745,041

Series 2014, RB

   5.00%    11/01/2044      895      896,255

Series 2014, Ref. RB(c)(d)

   5.00%    01/01/2024      1,200      1,230,587

Series 2015 A, GO Bonds

   5.50%    01/01/2033      3,475      3,509,140

Series 2017 A, Ref. GO Bonds

   6.00%    01/01/2038      2,075      2,157,603

Series 2017-2, Ref. RB (INS - AGM)(h)

   5.00%    11/01/2038      1,500      1,540,638

 

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

 

  Invesco Trust for Investment Grade Municipals


      Interest
Rate
   Maturity
Date
   Principal
Amount
(000)
     Value

Illinois–(continued)

           

Chicago (City of), IL (O’Hare International Airport);

           

Series 2015 C, RB(k)

   5.00%    01/01/2046    $ 865      $        865,337

Series 2016 C, Ref. RB

   5.00%    01/01/2037      1,720      1,775,744

Series 2017 D, RB

   5.25%    01/01/2042      1,385      1,431,659

Series 2017 D, RB

   5.00%    01/01/2052      1,495      1,517,767

Series 2022 A, RB (INS - AGM)(h)(k)

   5.50%    01/01/2053      1,420      1,493,102

Chicago (City of), IL Board of Education;

           

Series 2017 H, GO Bonds

   5.00%    12/01/2046      655      618,307

Series 2018 A, Ref. GO Bonds (INS - AGM)(h)

   5.00%    12/01/2032      735      766,486

Series 2018 A, Ref. GO Bonds

   5.00%    12/01/2035      750      746,625

Series 2018 C, Ref. GO Bonds

   5.00%    12/01/2022      1,025      1,025,000

Chicago (City of), IL Metropolitan Water Reclamation District (Green Bonds);
Series 2021 A, GO Bonds

   4.00%    12/01/2051      830      756,817

Chicago (City of), IL Midway International Airport;

           

Series 2013 A, Ref. RB(k)

   5.50%    01/01/2032      2,770      2,773,042

Series 2014 A, Ref. RB(k)

   5.00%    01/01/2041      1,275      1,276,505

Chicago (City of), IL Transit Authority; Series 2014, RB

   5.00%    12/01/2044      3,485      3,537,214

Chicago Park District;

           

Series 2020 C, GO Bonds (INS - BAM)(h)

   4.00%    01/01/2042      1,250      1,174,435

Series 2020 D, GO Bonds (INS - BAM)(h)

   4.00%    01/01/2036      1,000      975,942

Cook (County of), IL; Series 2021 A, Ref. RB

   4.00%    11/15/2039      530      530,223

Illinois (State of);

           

Series 2013, GO Bonds (INS - BAM)(h)

   5.50%    07/01/2038      2,525      2,539,156

Series 2014, GO Bonds

   5.25%    02/01/2034      1,300      1,314,795

Series 2014, GO Bonds

   5.00%    05/01/2035      370      372,943

Series 2014, GO Bonds

   5.00%    05/01/2036      1,150      1,158,119

Series 2016, GO Bonds

   5.00%    11/01/2036      930      946,300

Series 2017 C, GO Bonds

   5.00%    11/01/2029      270      281,492

Series 2017 D, GO Bonds

   5.00%    11/01/2023      1,825      1,851,223

Series 2017 D, GO Bonds

   5.00%    11/01/2024      85      87,253

Series 2017 D, GO Bonds

   5.00%    11/01/2026      1,325      1,378,292

Series 2018 A, GO Bonds

   6.00%    05/01/2027      780      844,905

Series 2018 A, GO Bonds

   5.00%    05/01/2030      1,255      1,312,931

Series 2020, GO Bonds

   5.50%    05/01/2039      1,710      1,805,041

Illinois (State of) Finance Authority (Centegra Health System); Series 2014 A, RB(c)(d)

   5.00%    09/01/2024      1,470      1,528,077

Illinois (State of) Finance Authority (CITGO Petroleum Corp.); Series 2002, RB(k)

   8.00%    06/01/2032      370      370,316

Illinois (State of) Finance Authority (Lutheran Communities Obligated Group);

           

Series 2019 A, Ref. RB

   5.00%    11/01/2040      60      51,807

Series 2019 A, Ref. RB

   5.00%    11/01/2049      1,245      1,003,633

Illinois (State of) Finance Authority (Mercy Health Corp.); Series 2016, Ref. RB

   5.00%    12/01/2046      4,140      4,156,062

Illinois (State of) Finance Authority (Park Place of Elmhurst); Series 2016, RB

   5.13%    05/15/2060      1,411      1,019,176

Illinois (State of) Finance Authority (Roosevelt University); Series 2007, RB

   5.50%    04/01/2037      1,000      933,169

Illinois (State of) Finance Authority (Rush University Medical Center); Series 2015 A,
Ref. RB

   5.00%    11/15/2038      2,115      2,134,345

Illinois (State of) Finance Authority (Three Crowns Park);

           

Series 2017, Ref. RB

   5.00%    02/15/2032      155      151,967

Series 2017, Ref. RB

   5.25%    02/15/2037      200      196,257

Series 2017, Ref. RB

   5.25%    02/15/2047      850      796,862

Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion);

           

Series 2002, RB (INS - AGM)(h)(j)

   0.00%    12/15/2029      2,800      2,114,344

Series 2015 A, RB

   5.50%    06/15/2053      1,800      1,825,471

Illinois (State of) Municipal Electric Agency; Series 2015 A, Ref. RB

   4.00%    02/01/2035      2,055      2,056,947

Illinois (State of) Regional Transportation Authority;

           

Series 2000, RB (INS - NATL)(h)

   6.50%    07/01/2030      2,305      2,706,265

Series 2002 A, RB (INS - NATL)(h)

   6.00%    07/01/2029      1,175      1,401,373

Series 2018 B, RB

   5.00%    06/01/2040      2,360      2,565,113

Illinois (State of) Sports Facilities Authority;

           

Series 2014, Ref. RB (INS - AGM)(h)

   5.25%    06/15/2031      1,235      1,266,853

Series 2014, Ref. RB (INS - AGM)(h)

   5.25%    06/15/2032      1,125      1,153,337

 

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

 

  Invesco Trust for Investment Grade Municipals


      Interest
Rate
     Maturity
Date
     Principal
Amount
(000)
     Value

Illinois–(continued)

           

Illinois (State of) Toll Highway Authority;

           

Series 2013 A, RB(b)

     5.00%        01/01/2038      $  3,875      $     3,879,344

Series 2015 A, RB(b)

     5.00%        01/01/2040        6,480      6,656,344

Sales Tax Securitization Corp.; Series 2018 A, RB(b)

     5.00%        01/01/2048        4,275      4,375,635
                                91,827,950

Indiana–2.32%

           

Indiana (State of) Finance Authority (KIPP Indianapolis, Inc.); Series 2020 A, RB

     5.00%        07/01/2040        170      162,335

Indiana (State of) Finance Authority (Ohio River Bridges East End Crossing);

           

Series 2013 A, RB(c)(d)(k)

     5.00%        07/01/2023        500      506,096

Series 2013 A, RB(c)(d)(k)

     5.00%        07/01/2023        715      723,718

Series 2013, RB(c)(d)(k)

     5.00%        07/01/2023        3,960      4,008,284

Indiana (State of) Finance Authority (Ohio Valley Electrical Corp.); Series 2012 A, RB

     4.25%        11/01/2030        2,210      2,151,879

Indiana (State of) Municipal Power Agency; Series 2013 A, RB(c)(d)

     5.25%        07/01/2023        1,500      1,523,481

Indianapolis Local Public Improvement Bond Bank; Series 2013 F, RB(b)(c)(d)

     5.00%        02/01/2023        3,300      3,313,554

Valparaiso (City of), IN (Pratt Paper, LLC); Series 2013, RB(k)

     6.75%        01/01/2034        1,500      1,539,607
                                13,928,954

Iowa–1.48%

           

Iowa (State of) Board of Regents (University of Iowa Hospital & Clinics); Series 2022 B, RB

     3.00%        09/01/2056        1,655      1,176,638

Iowa (State of) Finance Authority (Alcoa, Inc.); Series 2012, RB

     4.75%        08/01/2042        1,425      1,299,037

Iowa (State of) Finance Authority (Iowa Fertilizer Co.); Series 2022, Ref. RB(d)

     5.00%        12/01/2042        2,795      2,702,401

Iowa (State of) Finance Authority (Lifespace Communities, Inc.); Series 2016, RB

     5.00%        05/15/2041        510      451,976

Iowa (State of) Tobacco Settlement Authority; Series 2021 B-1, Ref. RB

     4.00%        06/01/2049        1,395      1,387,321

PEFA, Inc.; Series 2019, RB(d)

     5.00%        09/01/2026        1,835      1,880,151
                                8,897,524

Kansas–0.66%

           

Kansas (State of) Municipal Energy Agency (Jameson Energy Center); Series 2013, RB(c)(d)

     5.75%        07/01/2023        1,400      1,425,923

Wyandotte (County of), KS Unified Government; Series 2014 A, Ref. RB

     5.00%        09/01/2044        2,470      2,527,992
                                3,953,915

Kentucky–2.32%

           

Henderson (City of), KY (Pratt Paper LLC); Series 2022 A, RB(g)(k)

     4.70%        01/01/2052        685      606,805

Kentucky (Commonwealth of) Economic Development Finance Authority (Catholic Health Initiatives); Series 2011 B, RB (SIFMA Municipal Swap Index + 1.40%)(d)(o)

     3.25%        02/01/2025        720      721,458

Kentucky (Commonwealth of) Economic Development Finance Authority (Louisville Arena Authority, Inc.); Series 2017 A, Ref. RB (INS - AGM)(h)

     5.00%        12/01/2047        540      540,162

Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway);

           

Series 2015 A, RB

     5.00%        07/01/2040        2,030      2,036,318

Series 2015 A, RB

     5.00%        01/01/2045        340      337,308

Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health, Inc.);

           

Series 2017 A, Ref. RB

     5.25%        06/01/2041        1,290      1,314,139

Series 2017 A, Ref. RB

     5.00%        06/01/2045        1,035      1,039,147

Kentucky (Commonwealth of) Municipal Power Agency (Prairie State); Series 2019 A,
Ref. RB

     5.00%        09/01/2037        1,000      1,064,421

Kentucky (Commonwealth of) Public Transportation Infrastructure Authority (Downtown Crossing); Series 2013 A, RB(c)(d)

     5.75%        07/01/2023        1,000      1,015,025

Kentucky Bond Development Corp.; Series 2020, RB (INS - BAM)(b)(h)(i)

     5.00%        09/01/2044        3,920      4,217,927

Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.); Series 2013 A, RB

     5.50%        10/01/2033        1,000      1,016,500
                                13,909,210

Louisiana–1.22%

           

Jefferson (Parish of), LA Sales Tax District; Series 2019 B, RB (INS - AGM)(h)

     4.00%        12/01/2042        1,000      980,998

Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (St. John the Baptist); Series 2019, RB(g)

     3.90%        11/01/2044        905      675,824

Louisiana (State of) Public Facilities Authority (Provident Group-Flagship Properties LLC- Louisiana State University Nicholson Gateway); Series 2016, RB

     5.00%        07/01/2051        1,165      1,177,133

New Orleans (City of), LA Aviation Board; Series 2015 A, RB

     5.00%        01/01/2045        2,735      2,761,250

 

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

 

  Invesco Trust for Investment Grade Municipals


      Interest
Rate
   Maturity
Date
   Principal
Amount
(000)
     Value

Louisiana–(continued)

           

New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage System); Series 2018 A, RB (INS - AGM)(h)

   5.00%    10/01/2043    $ 455      $        475,711

Tobacco Settlement Financing Corp.; Series 2013 A, Ref. RB

   5.25%    05/15/2033      1,225      1,250,594
                        7,321,510

Maryland–1.01%

           

Brunswick (City of), MD (Brunswick Crossing); Series 2019, RB

   5.00%    07/01/2036      399      401,491

Maryland (State of) Health & Higher Educational Facilities Authority (LifeBridge Health); Series 2016, Ref. RB

   5.00%    07/01/2047      790      799,038

Maryland (State of) Health & Higher Educational Facilities Authority (Peninsula Regional Medical Center); Series 2015, Ref. RB(c)(d)

   5.00%    07/01/2024      1,620      1,678,226

Maryland (State of) Health & Higher Educational Facilities Authority (Stevenson University); Series 2021, Ref. RB

   4.00%    06/01/2051      415      349,020

Maryland Economic Development Corp. (Green Bonds); Series 2022, RB(k)

   5.25%    06/30/2052      1,565      1,625,143

Prince Georges (County of), MD (Collington Episcopal Life Care Community, Inc.);
Series 2017, Ref. RB

   5.00%    04/01/2028      750      727,770

Rockville (City of), MD (Ingleside at King Farm); Series 2017 B, RB

   5.00%    11/01/2047      550      476,138
                        6,056,826

Massachusetts–1.55%

           

Massachusetts (Commonwealth of) Bay Transportation Authority; Series 2022, RB(b)

   5.00%    07/01/2052      2,560      2,820,792

Massachusetts (Commonwealth of) Development Finance Agency; Series 2019 A, Ref. RB

   4.00%    07/01/2044      750      659,928

Massachusetts (Commonwealth of) Development Finance Agency (Emerson College); Series 2016 A, RB

   5.00%    01/01/2047      3,390      3,418,684

Massachusetts (Commonwealth of) Development Finance Agency (Milford Regional Medical Center); Series 2020, Ref. RB(g)

   5.00%    07/15/2037      245      245,099

Massachusetts (Commonwealth of) Port Authority;

           

Series 2019 A, Ref. RB(k)

   5.00%    07/01/2040      1,000      1,046,703

Series 2021 E, RB(k)

   5.00%    07/01/2046      1,075      1,120,806
                        9,312,012

Michigan–4.08%

           

Academy of Warren; Series 2020 A, RB(g)

   5.50%    05/01/2050      250      199,695

Detroit (City of), MI; Series 2018, GO Bonds

   5.00%    04/01/2035      670      685,726

Detroit (City of), MI Downtown Development Authority;

           

Series 2018 A, RB (INS - AGM)(b)(h)(i)

   5.00%    07/01/2038      1,000      1,014,963

Series 2018 A, Ref. RB (INS - AGM)(b)(h)(i)

   5.00%    07/01/2043      1,150      1,155,303

Grand Rapids Economic Development Corp. (Beacon Hill at Eastgate); Series 2017 A, Ref. RB

   5.00%    11/01/2047      690      567,481

Lakeview Public School District; Series 2022, GO Bonds

   3.00%    11/01/2034      330      300,793

Michigan (State of) Building Authority (Facilities Program); Series 2016 I, RB(b)

   5.00%    04/15/2041      2,925      3,041,249

Michigan (State of) Finance Authority (Charter County of Wayne Criminal Justice Center); Series 2018, RB

   5.00%    11/01/2043      840      883,239

Michigan (State of) Finance Authority (Detroit Water & Sewerage Department);

           

Series 2014 C-3, RB (INS - AGM)(h)

   5.00%    07/01/2030      2,785      2,872,848

Series 2014 C-6, Ref. RB

   5.00%    07/01/2033      640      656,691

Series 2014 D-1, Ref. RB (INS - AGM)(h)

   5.00%    07/01/2035      1,250      1,278,720

Series 2014 D-4, Ref. RB

   5.00%    07/01/2029      640      659,186

Series 2015, RB

   5.00%    07/01/2035      1,305      1,343,982

Michigan (State of) Finance Authority (Henry Ford Health System); Series 2019 A, RB

   5.00%    11/15/2048      1,670      1,696,663

Michigan (State of) Finance Authority (Landmark Academy);

           

Series 2020, Ref. RB

   5.00%    06/01/2035      170      158,601

Series 2020, Ref. RB

   5.00%    06/01/2045      495      429,379

Michigan (State of) Finance Authority (Trinity Health Credit Group); Series 2017 MI,
RB(b)(c)(i)

   5.00%    12/01/2046      3,980      4,041,113

Michigan (State of) Strategic Fund (Green Bonds); Series 2021, RB(d)(k)

   4.00%    10/01/2026      1,725      1,668,358

Michigan (State of) Strategic Fund (I-75 Improvement Project); Series 2018, RB(k)

   5.00%    12/31/2032      750      766,497

Wayne (County of), MI Airport Authority (Detroit Metropolitan Airport); Series 2017 B, RB(k)

   5.00%    12/01/2042      1,000      1,022,188
                        24,442,675

Minnesota–0.26%

           

Bethel (City of), MN (Spectrum High School);

           

Series 2017 A, Ref. RB

   4.25%    07/01/2047      310      236,466

Series 2017 A, Ref. RB

   4.38%    07/01/2052      500      377,525

 

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

 

  Invesco Trust for Investment Grade Municipals


      Interest
Rate
   Maturity
Date
   Principal
Amount
(000)
     Value

Minnesota–(continued)

           

Duluth (City of), MN Economic Development Authority (Essentia Health Obligated Group); Series 2018, Ref. RB

   5.00%    02/15/2048    $ 615      $        621,236

St. Paul (City of), MN Housing & Redevelopment Authority (Hope Community Academy); Series 2020, RB

   5.00%    12/01/2055      430      350,704
                        1,585,931

Mississippi–0.89%

           

Medical Center Educational Building Corp. (The University of Mississippi Medical Center New Facilities and Refinancing); Series 2017 A, Ref. RB

   5.00%    06/01/2047      3,000      3,088,963

Mississippi Business Finance Corp. (System Energy Resources, Inc.); Series 2021, RB

   2.38%    06/01/2044      1,135      753,255

West Rankin Utility Authority; Series 2018, RB(c)(d)

   5.00%    01/01/2028      1,380      1,525,347
                        5,367,565

Missouri–2.18%

           

Kansas City (City of), MO Industrial Development Authority (Downtown Redevelopment District); Series 2011 A, Ref. RB

   5.50%    09/01/2028      2,290      2,296,036

Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport);

           

Series 2019 B, RB(k)

   5.00%    03/01/2046      4,815      4,887,399

Series 2019 B, RB (INS - AGM)(h)(k)

   5.00%    03/01/2049      1,020      1,040,178

Series 2019 B, RB(k)

   5.00%    03/01/2054      1,155      1,160,108

Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights);
Series 2017 A, Ref. RB

   5.25%    05/15/2050      520      429,241

Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services);

           

Series 2014, RB

   5.00%    02/01/2035      1,000      999,029

Series 2019, Ref. RB

   5.00%    02/01/2048      335      307,601

St. Louis (County of), MO Industrial Development Authority (Friendship Village West County); Series 2018 A, RB

   5.00%    09/01/2038      2,140      1,952,223
                        13,071,815

Nebraska–1.34%

           

Central Plains Energy Project (No. 3);

           

Series 2017 A, Ref. RB

   5.00%    09/01/2034      210      222,098

Series 2017 A, Ref. RB

   5.00%    09/01/2042      3,815      3,951,342

Douglas (County of), NE Hospital Authority No. 2 (Madonna Rehabilitation Hospital); Series 2014, RB

   5.00%    05/15/2036      1,500      1,515,630

Omaha Public Power District; Series 2022, RB(b)(i)

   5.25%    02/01/2052      2,125      2,370,948
                        8,060,018

Nevada–0.62%

           

Las Vegas Valley Water District; Series 2022 A, GO Bonds

   4.00%    06/01/2044      3,760      3,749,285

New Hampshire–0.47%

           

New Hampshire (State of) Business Finance Authority;

           

Series 2020-1A, RB

   4.13%    01/20/2034      1      925

Series 2022-1, Class A

   4.38%    09/20/2036      1,696      1,624,615

New Hampshire (State of) Health and Education Facilities Authority; Series 2020 A, RB

   5.00%    08/01/2059      1,125      1,170,441
                        2,795,981

New Jersey–3.72%

           

New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.);
Series 1999, RB(k)

   5.13%    09/15/2023      245      245,626

New Jersey (State of) Economic Development Authority (School Facilities Construction); Series 2013, Ref. RB (SIFMA Municipal Swap Index + 1.60%)(o)

   3.45%    03/01/2028      500      500,231

New Jersey (State of) Economic Development Authority (Social Bonds); Series 2021, RB

   4.00%    06/15/2035      700      692,936

New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement);

           

Series 2013, RB(k)

   5.13%    01/01/2034      1,250      1,252,504

Series 2013, RB(k)

   5.38%    01/01/2043      1,000      1,001,821

New Jersey (State of) Health Care Facilities Financing Authority (Inspira Health Obligated Group); Series 2017, RB

   4.00%    07/01/2047      2,640      2,444,595

 

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

 

  Invesco Trust for Investment Grade Municipals


      Interest
Rate
   Maturity
Date
   Principal
Amount
(000)
     Value

New Jersey–(continued)

           

New Jersey (State of) Transportation Trust Fund Authority;

           

Series 2014, RB

   5.00%    06/15/2030    $ 945      $     1,028,115

Series 2015 AA, RB

   5.25%    06/15/2033      1,545      1,606,133

Series 2015 AA, RB

   4.75%    06/15/2035      655      665,089

Series 2016 A-1, RN

   5.00%    06/15/2028      1,035      1,092,523

Series 2018 A, Ref. RB

   5.00%    12/15/2032      1,265      1,364,019

Series 2018 A, RN(b)(i)

   5.00%    06/15/2029      1,625      1,712,830

Series 2018 A, RN(b)(i)

   5.00%    06/15/2030      555      584,404

Series 2018 A, RN(b)(i)

   5.00%    06/15/2031      1,020      1,071,309

Series 2021 A, Ref. RB

   5.00%    06/15/2033      505      556,448

Series 2022, RB

   5.25%    06/15/2046      1,455      1,535,259

Salem (County of), NJ Pollution Control Financing Authority (Chambers);
Series 2014 A, PCR(c)(k)

   5.00%    12/01/2023      265      268,089

Tobacco Settlement Financing Corp.;

           

Series 2018 A, Ref. RB

   5.00%    06/01/2046      2,990      2,933,269

Series 2018 A, Ref. RB

   5.25%    06/01/2046      1,710      1,722,974
                        22,278,174

New York–26.72%

           

Build NYC Resource Corp. (Brooklyn Navy Yard); Series 2019, Ref. RB(g)(k)

   5.25%    12/31/2033      400      370,148

Erie Tobacco Asset Securitization Corp.; Series 2005 A, RB

   5.00%    06/01/2045      2,775      2,645,230

Hudson Yards Infrastructure Corp.;

           

Series 2017 A, Ref. RB

   4.00%    02/15/2044      2,570      2,494,699

Series 2017 A, Ref. RB (INS - AGM)(h)

   4.00%    02/15/2047      810      780,923

Metropolitan Transportation Authority; Subseries 2015 E-1, VRD RB (LOC - Barclays Bank PLC)(p)(q)

   1.30%    11/15/2050      4,000      4,000,000

Metropolitan Transportation Authority (Bidding Group 1);

           

Series 2022 A, RB

   4.00%    11/15/2040      1,825      1,746,255

Series 2022 A, RB

   4.00%    11/15/2043      3,045      2,873,309

Metropolitan Transportation Authority (Green Bonds);

           

Series 2017 C-1, Ref. RB

   5.00%    11/15/2023      615      624,361

Series 2017 C-1, Ref. RB

   4.00%    11/15/2038      550      496,956

Series 2020 A-1, RB (INS - AGM)(h)

   4.00%    11/15/2041      2,035      1,917,722

Series 2020 A-1, RB (INS - BAM)(h)

   4.00%    11/15/2053      400      355,115

Series 2020 C-1, RB

   5.25%    11/15/2055      1,365      1,378,669

New York & New Jersey (States of) Port Authority; Series 2020 221, RB(k)

   4.00%    07/15/2055      2,390      2,094,597

Two Hundred Fifth Series 2017, Ref. RB

   5.25%    11/15/2057      1,675      1,759,327

Two Hundred Seventh Series 2018, Ref. RB(b)(i)(k)

   5.00%    09/15/2028      3,360      3,578,608

New York (City of), NY;

           

Series 2020 C, GO Bonds

   5.00%    08/01/2043      2,515      2,708,209

Series 2021 A-1, GO Bonds

   5.00%    08/01/2047      1,000      1,069,667

Series 2022-XM1009, RB(b)

   5.25%    05/01/2041      2,500      2,794,506

Subseries 2022 B-1, GO Bonds

   5.25%    10/01/2047      1,535      1,699,046

Subseries 2022 D-1, GO Bonds(b)

   5.25%    05/01/2039      1,320      1,492,282

New York (City of), NY Industrial Development Agency (Queens Baseball Stadium); Series 2021 A, Ref. RB (INS - AGM)(h)

   3.00%    01/01/2046      2,565      1,915,135

New York (City of), NY Municipal Water Finance Authority;

           

Series 2020 AA-2, RB

   4.00%    06/15/2042      3,140      3,136,059

Series 2020 BB-1, RB

   4.00%    06/15/2050      1,705      1,621,641

Series 2022, RB(b)

   5.00%    06/15/2051      5,135      5,491,862

New York (City of), NY Transitional Finance Authority;

           

Series 2013 I, RB

   5.00%    05/01/2038      7,000      7,043,204

Series 2019 B-1, RB

   4.00%    11/01/2045      875      839,470

Series 2021 B-1, RB

   4.00%    08/01/2045      2,145      2,058,430

Subseries 2013, RB(b)

   5.00%    11/01/2038      10,155      10,284,053

New York (State of) Dormitory Authority;

           

Series 2009 C, RB (INS - AGC)(h)

   5.00%    10/01/2024      225      225,490

Series 2018 A, Ref. RB

   5.25%    03/15/2039      1,265      1,368,787

Series 2018 E, RB(b)

   5.00%    03/15/2045      5,850      6,186,436

New York (State of) Dormitory Authority (Bidding Group 3); Series 2017 B, Ref. RB

   4.00%    02/15/2044      3,430      3,320,143

 

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

 

  Invesco Trust for Investment Grade Municipals


      Interest
Rate
   Maturity
Date
   Principal
Amount
(000)
     Value

New York–(continued)

           

New York (State of) Dormitory Authority (Catholic Health System Obligated Group);

           

Series 2019 A, Ref. RB

   4.00%    07/01/2040    $ 650      $        439,487

Series 2019 A, Ref. RB

   5.00%    07/01/2041      700      541,213

New York (State of) Dormitory Authority (General Purpose);

           

Series 2013 A, RB(c)(d)

   5.00%    02/15/2023      2,900      2,915,527

Series 2014 C, RB(b)

   5.00%    03/15/2040      5,655      5,770,559

New York (State of) Dormitory Authority (Memorial Sloan Kettering Cancer);
Series 2022 1-B, RB

   4.00%    07/01/2051      3,710      3,545,724

New York (State of) Dormitory Authority (New York University); Series 1998 A,
RB (INS - NATL)(h)

   5.75%    07/01/2027      755      814,245

New York (State of) Mortgage Agency (Social Bonds); Series 2021, RB

   3.25%    10/01/2051      685      664,995

New York (State of) Power Authority; Series 2020 A, RB(b)

   4.00%    11/15/2045      3,740      3,657,620

New York (State of) Power Authority (Green Bonds); Series 2020, RB(b)

   4.00%    11/15/2055      4,265      4,036,650

New York (State of) Thruway Authority;

           

Series 2019 B, RB

   4.00%    01/01/2050      5,505      5,084,275

Series 2019 B, RB (INS - AGM)(b)(h)(i)

   4.00%    01/01/2050      2,670      2,500,829

New York (State of) Thruway Authority (Group 3); Series 2021 A-1, Ref. RB

   4.00%    03/15/2046      2,535      2,402,954

New York Counties Tobacco Trust IV; Series 2005 A, RB

   5.00%    06/01/2045      290      270,352

New York Counties Tobacco Trust VI; Series 2016 A-1, Ref. RB

   5.75%    06/01/2043      3,240      3,343,513

New York Liberty Development Corp. (3 World Trade Center); Series 2014, Class 1,
Ref. RB(g)

   5.00%    11/15/2044      5,880      5,557,830

New York State Urban Development Corp. (Bidding Group 3); Series 2021 A, Ref. RB

   4.00%    03/15/2045      3,410      3,287,992

New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport);

           

Series 2020, Ref. RB(k)

   5.25%    08/01/2031      580      593,873

Series 2020, Ref. RB(k)

   5.38%    08/01/2036      965      977,315

New York Transportation Development Corp. (American Airlines, Inc.);

           

Series 2016, Ref. RB(k)

   5.00%    08/01/2026      1,415      1,415,096

Series 2016, Ref. RB(k)

   5.00%    08/01/2031      1,360      1,360,015

New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment);

           

Series 2018, RB(k)

   5.00%    01/01/2031      245      249,224

Series 2018, RB(k)

   5.00%    01/01/2033      2,145      2,172,733

Series 2018, RB(k)

   5.00%    01/01/2034      2,070      2,088,730

Series 2018, RB(k)

   5.00%    01/01/2036      985      989,952

Series 2020, RB(k)

   5.00%    10/01/2035      250      252,402

Series 2020, RB(k)

   5.00%    10/01/2040      2,045      2,044,859

Series 2020, RB(k)

   4.38%    10/01/2045      1,195      1,092,407

New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment);

           

Series 2016 A, RB(k)

   5.00%    07/01/2046      3,310      3,288,128

Series 2016 A, RB(k)

   5.25%    01/01/2050      1,810      1,815,770

New York Transportation Development Corp. (Terminal 4 JFK International Airport);
Series 2022, RB(k)

   5.00%    12/01/2038      610      614,760

New York Transportation Development Corp. (Terminal 4 John F. Kennedy International Airport); Series 2022, RB(k)

   5.00%    12/01/2036      1,005      1,020,009

Onondaga (County of), NY Trust for Cultural Resources (Syracuse University);
Series 2019, Ref. RB

   4.00%    12/01/2047      2,600      2,466,185

Rockland Tobacco Asset Securitization Corp.; Series 2001, RB

   5.75%    08/15/2043      1,775      1,804,315

Triborough Bridge & Tunnel Authority;

           

Series 2022 C, RB

   5.00%    05/15/2047      3,015      3,250,746

Series 2022, RB(b)

   5.00%    05/15/2051      3,135      3,332,592

Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels);

           

Series 2020 A, RB

   5.00%    11/15/2049      765      812,354

Series 2021 A, RB

   5.00%    11/15/2056      1,145      1,208,294

TSASC, Inc.; Series 2016 B, Ref. RB

   5.00%    06/01/2045      2,290      2,157,315
                        160,211,178

North Carolina–1.18%

           

Charlotte (City of), NC (Charlotte Douglas International Airport); Series 2022, RB

   4.00%    07/01/2047      830      792,628

Charlotte-Mecklenburg Hospital Authority (The) (Carolinas Health Care Systems);
Series 2007 C, Ref. VRD RB(p)

   1.40%    01/15/2037      5,000      5,000,000

North Carolina (State of) Department of Transportation (I-77 HOT Lanes); Series 2015, RB(k)

   5.00%    06/30/2054      1,255      1,256,887
                        7,049,515

 

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

 

  Invesco Trust for Investment Grade Municipals


      Interest
Rate
   Maturity
Date
   Principal
Amount
(000)
     Value

North Dakota–0.62%

           

Ward (County of), ND (Trinity Obligated Group);

           

Series 2017 C, RB

   5.00%    06/01/2043    $ 2,210      $     2,000,477

Series 2017 C, RB

   5.00%    06/01/2048      1,970      1,738,924
                        3,739,401

Ohio–5.58%

           

Akron, Bath & Copley Joint Township Hospital District (Summa Health Obligated Group); Series 2016, Ref. RB

   5.25%    11/15/2046      2,695      2,725,758

Buckeye Tobacco Settlement Financing Authority;

           

Series 2020 A-2, Ref. RB

   4.00%    06/01/2039      480      448,022

Series 2020 A-2, Ref. RB

   4.00%    06/01/2048      5,380      4,687,569

Series 2020 B-2, Ref. RB

   5.00%    06/01/2055      8,100      7,432,780

Series 2020 B-3, Ref. RB(j)

   0.00%    06/01/2057      8,765      1,028,010

Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Constellation Schools); Series 2014 A, Ref. RB(g)

   6.50%    01/01/2034      1,150      1,161,117

Columbus (City of) & Franklin (County of), OH Finance Authority (Easton); Series 2020, RB(g)

   5.00%    06/01/2028      730      726,691

Cuyahoga (County of), OH (MetroHealth System); Series 2017, Ref. RB

   5.50%    02/15/2052      1,730      1,756,033

Franklin (County of), OH (Nationwide Children’s Hospital); Series 2019, RB

   5.00%    11/01/2048      1,380      1,541,170

Hamilton (County of), OH (Cincinnati Children’s Hospital); Series 2019 CC, RB

   5.00%    11/15/2049      1,685      1,860,547

Hamilton (County of), OH (Life Enriching Communities); Series 2016, Ref. RB

   5.00%    01/01/2046      2,525      2,305,578

Lucas (County of), OH (ProMedica Healthcare System); Series 2018 A, Ref. RB

   5.25%    11/15/2048      1,030      890,255

Montgomery (County of), OH (Trousdale Foundation Properties); Series 2018 A, RB (Acquired 08/29/2018; Cost $1,411,728)(f)(g)

   6.00%    04/01/2038      1,440      541,440

Muskingum (County of), OH (Genesis Healthcare System); Series 2013, RB

   5.00%    02/15/2044      1,935      1,833,168

Ohio (State of); Series 2020 A, Ref. RB

   4.00%    01/15/2050      2,555      2,234,882

Ohio (State of) (Portsmouth Bypass); Series 2015, RB (INS - AGM)(h)(k)

   5.00%    12/31/2039      825      836,047

Ohio (State of) Air Quality Development Authority (Ohio Valley Electric Corp.); Series 2014, RB(d)(k)

   2.60%    10/01/2029      1,000      892,057

Ohio (State of) Air Quality Development Authority (Pratt Paper LLC); Series 2017, RB(g)(k)

   4.25%    01/15/2038      600      559,271
                        33,460,395

Oklahoma–2.37%

           

Edmond Public Works Authority;

           

Series 2017, RB(b)

   5.00%    07/01/2042      2,780      2,973,306

Series 2017, RB(b)

   5.00%    07/01/2047      3,265      3,470,769

Oklahoma (State of) Development Finance Authority (OU Medicine);

           

Series 2018 B, RB

   5.50%    08/15/2052      3,860      3,541,872

Series 2018 B, RB

   5.50%    08/15/2057      1,255      1,139,168

Oklahoma (State of) Development Finance Authority (Provident Oklahoma Education Resources, Inc.-Cross Village Student Housing); Series 2017, RB(e)

   5.00%    08/01/2052      1,990      1,990

Oklahoma (State of) Water Resources Board;

           

Series 2018 C, RB

   4.00%    10/01/2048      1,285      1,286,482

Series 2022 B, RB

   5.00%    10/01/2047      1,620      1,785,379
                        14,198,966

Oregon–0.69%

           

Clackamas (County of), OR Hospital Facility Authority (Rose Villa); Series 2020 A, Ref. RB

   5.38%    11/15/2055      510      455,101

Oregon (State of); Series 2019, GO Bonds(b)(i)

   5.00%    08/01/2044      3,410      3,696,779
                        4,151,880

Pennsylvania–3.49%

           

Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue); Series 2018 A, Ref. RB

   4.00%    04/01/2044      2,110      1,920,571

Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The)); Series 2017 C, RB

   5.00%    05/15/2037      1,000      994,888

Coatesville School District; Series 2020 A, GO Bonds (INS - BAM)(h)(j)

   0.00%    10/01/2036      700      366,031

Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.); Series 2018, Ref. RB

   5.00%    12/01/2027      750      712,443

Lancaster (County of), PA Hospital Authority (Penn State Health);

           

Series 2021, RB

   5.00%    11/01/2046      525      537,048

Series 2021, RB

   5.00%    11/01/2051      695      708,000

Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC); Series 2021 A, Ref. RB

   4.00%    10/15/2037      685      674,204

 

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

 

  Invesco Trust for Investment Grade Municipals


      Interest
Rate
   Maturity
Date
   Principal
Amount
(000)
     Value

Pennsylvania–(continued)

           

Pennsylvania (Commonwealth of) Turnpike Commission;

           

Series 2014 A, RB

   4.75%    12/01/2037    $ 1,010      $     1,040,259

Series 2014 A-2, RB(l)

   5.13%    12/01/2039      1,000      975,495

Series 2017 B-1, RB

   5.25%    06/01/2047      2,400      2,481,598

Series 2019 A, RB

   5.00%    12/01/2049      225      234,287

Series 2020 B, RB

   5.00%    12/01/2050      610      637,600

Series 2021 A, RB

   4.00%    12/01/2050      1,275      1,129,248

Philadelphia (City of), PA;

           

Series 2017 B, Ref. RB(k)

   5.00%    07/01/2042      3,200      3,261,570

Series 2017 B, Ref. RB(k)

   5.00%    07/01/2047      1,380      1,394,662

Series 2021, Ref. RB (INS - AGM)(h)(k)

   4.00%    07/01/2039      1,000      952,959

Philadelphia (City of), PA Authority for Industrial Development (St. Joseph’s University); Series 2022, RB

   5.50%    11/01/2060      1,705      1,771,532

Philadelphia (City of), PA Authority for Industrial Development (String Theory Charter School); Series 2020, Ref. RB(g)

   5.00%    06/15/2050      405      358,121

Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University); Series 2017 A, Ref. RB

   5.00%    09/01/2035      735      769,876
                        20,920,392

Puerto Rico–6.11%

           

Children’s Trust Fund;

           

Series 2002, RB

   5.50%    05/15/2039      3,525      3,516,198

Series 2002, RB

   5.63%    05/15/2043      1,520      1,520,409

Series 2005 A, RB(j)

   0.00%    05/15/2050      6,050      1,048,483

Series 2005 B, RB(j)

   0.00%    05/15/2055      2,600      257,745

Series 2008 A, RB(j)

   0.00%    05/15/2057      15,290      1,013,837

Series 2008 B, RB(j)

   0.00%    05/15/2057      38,355      1,996,504

Puerto Rico (Commonwealth of);

           

Series 2021 A-1, GO Bonds

   5.25%    07/01/2023      1,919      1,927,401

Series 2021 A-1, GO Bonds

   5.63%    07/01/2027      1,195      1,223,958

Puerto Rico (Commonwealth of) Electric Power Authority;

           

Series 2007 VV, Ref. RB (Acquired 04/07/2020-04/28/2020; Cost $1,840,242)

(INS - NATL)(f)(h)

   5.25%    07/01/2032      1,825      1,823,148

Series 2007 VV, Ref. RB (Acquired 06/27/2018; Cost $760,218) (INS - NATL)(f)(h)

   5.25%    07/01/2033      750      747,558

Series 2007 VV, Ref. RB (Acquired 07/19/2018; Cost $697,365) (INS - NATL)(f)(h)

   5.25%    07/01/2035      660      654,446

Puerto Rico (Commonwealth of) Highway & Transportation Authority;

           

Series 2002 D, RB (INS - AGM)(h)

   5.00%    07/01/2032      125      124,377

Series 2005 L, Ref. RB (INS - NATL)(h)

   5.25%    07/01/2035      350      347,061

Series 2007 CC, Ref. RB (INS - AGM)(h)

   5.25%    07/01/2033      1,260      1,257,119

Series 2007 N, Ref. RB (INS - NATL)(h)

   5.25%    07/01/2032      785      784,204

Series 2007 N, Ref. RB (INS - AGC)(h)

   5.25%    07/01/2034      1,225      1,215,980

Series 2007 N, Ref. RB (INS - AGC)(h)

   5.25%    07/01/2036      1,100      1,090,891

Puerto Rico Sales Tax Financing Corp.;

           

Series 2018 A-1, RB(j)

   0.00%    07/01/2027      455      366,723

Series 2018 A-1, RB(j)

   0.00%    07/01/2029      1,525      1,109,447

Series 2018 A-1, RB(j)

   0.00%    07/01/2033      2,495      1,441,071

Series 2018 A-1, RB(j)

   0.00%    07/01/2046      8,440      2,127,092

Series 2018 A-1, RB(j)

   0.00%    07/01/2051      11,005      2,070,725

Series 2018 A-1, RB

   4.75%    07/01/2053      1,875      1,713,196

Series 2018 A-1, RB

   5.00%    07/01/2058      5,745      5,450,918

Series 2019 A-2, RB

   4.33%    07/01/2040      1,965      1,780,134
                        36,608,625

Rhode Island–0.19%

           

Tobacco Settlement Financing Corp.; Series 2015 A, Ref. RB

   5.00%    06/01/2035      1,105      1,123,391

South Carolina–1.35%

           

South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes);
Series 2013, RB

   5.00%    05/01/2028      1,000      966,830

South Carolina (State of) Jobs-Economic Development Authority (Palmetto Health Alliance); Series 2013 A, Ref. RB(c)(d)

   5.25%    08/01/2023      1,600      1,628,365

 

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

 

  Invesco Trust for Investment Grade Municipals


      Interest
Rate
   Maturity
Date
   Principal
Amount
(000)
     Value

South Carolina–(continued)

           

South Carolina (State of) Ports Authority;

           

Series 2015, RB(c)(d)(k)

   5.25%    07/01/2025    $ 1,905      $     2,008,053

Series 2015, RB(c)(d)(k)

   5.25%    07/01/2025      240      252,983

Series 2015, RB(c)(d)(k)

   5.25%    07/01/2025      1,140      1,201,669

South Carolina (State of) Public Service Authority;

           

Series 2014 C, Ref. RB

   5.00%    12/01/2046      1,215      1,218,475

Series 2022 A, RB

   4.00%    12/01/2052      930      797,900
                        8,074,275

South Dakota–1.02%

           

South Dakota (State of) Health & Educational Facilities Authority (Avera Health);
Series 2017, Ref. RB

   4.00%    07/01/2042      3,030      2,949,873

South Dakota (State of) Health & Educational Facilities Authority (Sanford Obligated Group); Series 2014 B, RB

   5.00%    11/01/2044      3,130      3,142,894
                        6,092,767

Tennessee–1.23%

           

Greeneville (Town of), TN Health & Educational Facilities Board (Ballad Health Obligated Group); Series 2018 A, Ref. RB

   5.00%    07/01/2037      1,835      1,890,477

Memphis (City of) & Shelby (County of), TN Airport Authority; Series 2018, RB(k)

   5.00%    07/01/2043      1,245      1,266,591

Metropolitan Nashville Airport Authority (The); Series 2019 B, RB(k)

   5.00%    07/01/2054      580      586,706

Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Lipscomb University); Series 2019 A, Ref. RB

   5.00%    10/01/2036      1,000      1,026,624

Tennessee Energy Acquisition Corp.; Series 2021 A, RB(d)

   5.00%    11/01/2031      2,555      2,635,452
                        7,405,850

Texas–13.53%

           

Central Texas Regional Mobility Authority;

           

Series 2020 B, Ref. RB

   5.00%    01/01/2045      650      679,128

Series 2020 E, RB

   4.00%    01/01/2050      1,500      1,375,599

Series 2021 B, RB

   5.00%    01/01/2046      680      708,975

Clifton Higher Education Finance Corp. (Idea Public Schools); Series 2021 T, RB (CEP - Texas Permanent School Fund)

   4.00%    08/15/2047      1,235      1,215,648

Clifton Higher Education Finance Corp. (International Leadership of Texas); Series 2018 D, RB

   5.75%    08/15/2033      1,710      1,741,039

Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport); Series 2014 A, Ref. RB(k)

   5.25%    11/01/2026      1,000      1,014,838

El Paso (City of), TX; Series 2022 A, RB

   4.00%    03/01/2048      3,100      3,015,207

Forney Independent School District; Series 2022 B, GO Bonds (CEP - Texas Permanent School Fund)

   4.00%    08/15/2052      2,275      2,209,595

Harris (County of), TX Toll Road Authority (The); Series 2021, Ref. RB

   4.00%    08/15/2050      1,315      1,257,258

Houston (City of), TX; Series 2021 A, RB(k)

   4.00%    07/01/2036      1,250      1,218,238

Houston (City of), TX Airport System (United Airlines, Inc. Terminal E);

           

Series 2014, Ref. RB(k)

   4.75%    07/01/2024      1,795      1,798,375

Series 2021 A, RB(k)

   4.00%    07/01/2041      600      504,382

Houston (City of), TX Airport System (United Airlines, Inc.); Series 2018, RB(k)

   5.00%    07/15/2028      505      511,896

La Vernia Higher Education Finance Corp. (Meridian World School); Series 2015 A,
RB(c)(d)(g)

   5.50%    08/15/2024      1,360      1,421,399

Lower Colorado River Authority (LCRA Transmission Services Corp.); Series 2022, Ref. RB

   5.50%    05/15/2047      1,195      1,314,338

Mission Economic Development Corp. (Natgasoline); Series 2018, Ref. RB(g)(k)

   4.63%    10/01/2031      3,150      3,053,180

New Hope Cultural Education Facilities Finance Corp. (4-K Housing, Inc.-Stoney Brook);

           

Series 2017 B, RB

   4.75%    07/01/2042      1,115      501,750

Series 2017 B, RB

   5.00%    07/01/2052      595      267,750

New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community);

           

Series 2021 A-1, RB

   7.50%    11/15/2037      75      61,294

Series 2021, RB

   2.00%    11/15/2061      1,860      859,608

New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community);

           

Series 2016, Ref. RB

   5.00%    07/01/2036      815      672,944

Series 2016, Ref. RB

   5.00%    07/01/2046      665      493,476

New Hope Cultural Education Facilities Finance Corp. (CHF-Collegiate Housing College Station I, LLC - Texas A&M University); Series 2014 A, RB (INS - AGM)(h)

   5.00%    04/01/2046      2,055      2,064,889

New Hope Cultural Education Facilities Finance Corp. (Jubilee Academic Center);
Series 2021, Ref. RB(g)

   4.00%    08/15/2051      1,030      783,946

 

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

 

  Invesco Trust for Investment Grade Municipals


      Interest
Rate
   Maturity
Date
   Principal
Amount
(000)
     Value

Texas–(continued)

           

New Hope Cultural Education Facilities Finance Corp. (Longhorn Village);

           

Series 2017, Ref. RB

   5.00%    01/01/2042    $ 505      $        470,852

Series 2017, Ref. RB

   5.00%    01/01/2047      630      574,125

New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North);

           

Series 2018, Ref. RB

   5.00%    10/01/2028      1,005      961,792

Series 2018, Ref. RB

   5.00%    10/01/2031      600      553,470

Series 2020, RB

   5.25%    10/01/2055      2,550      2,033,175

North Texas Tollway Authority; Series 2015 B, RB(b)(c)(d)(i)

   5.00%    01/01/2023      10,095      10,115,842

San Antonio (City of), TX; Series 2013, RB(c)(d)

   5.00%    02/01/2023      2,695      2,706,294

San Antonio Independent School District; Series 2022, GO Bonds (CEP - Texas Permanent School Fund)

   5.00%    08/15/2052      4,540      4,960,875

Tarrant County Cultural Education Facilities Finance Corp.; Series 2016 A, Ref. RB(b)

   5.00%    02/15/2047      3,530      3,589,557

Tarrant County Cultural Education Facilities Finance Corp. (Air Force Village Obligated Group);

           

Series 2016, Ref. RB

   5.00%    05/15/2037      2,830      2,605,199

Series 2016, Ref. RB

   5.00%    05/15/2045      1,380      1,183,646

Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home);

           

Series 2007, RB (Acquired 12/19/2007; Cost $412,619)(e)(f)

   5.75%    02/15/2025      440      286,000

Series 2017 A, RB (Acquired 12/15/2016; Cost $2,003,663)(e)(f)

   6.38%    02/15/2048      1,985      1,290,250

Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks);

           

Series 2020, Ref. RB

   6.63%    11/15/2041      85      81,678

Series 2020, Ref. RB

   6.75%    11/15/2051      85      79,299

Series 2020, Ref. RB

   6.88%    11/15/2055      85      80,011

Texas (State of) Transportation Commission; Series 2019, RB(j)

   0.00%    08/01/2042      2,290      783,526

Texas (State of) Transportation Commission (Central Texas Turnpike System);

           

Series 2015 B, Ref. RB(j)

   0.00%    08/15/2036      3,555      1,915,399

Series 2015 B, Ref. RB(j)

   0.00%    08/15/2037      1,210      613,553

Series 2015 C, Ref. RB

   5.00%    08/15/2042      5,275      5,338,197

Texas (State of) Water Development Board; Series 2022, RB

   5.00%    10/15/2047      3,405      3,768,576

Texas (State of) Water Development Board (State Water Implementation Fund);
Series 2017 A, RB

   4.00%    10/15/2035      280      288,643

Texas Municipal Gas Acquisition & Supply Corp. I; Series 2008 D, RB

   6.25%    12/15/2026      3,475      3,631,564

Texas Private Activity Bond Surface Transportation Corp. (Blueridge Transportation Group, LLC SH 288 Toll Lanes); Series 2016, RB(k)

   5.00%    12/31/2055      1,170      1,173,741

Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners
Segments 3 LLC Segments 3A and 3B Facility); Series 2013, RB(k)

   7.00%    12/31/2038      1,500      1,536,256

Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners
Segments 3 LLC Segments 3C); Series 2019, RB(k)

   5.00%    06/30/2058      1,750      1,738,403

Travis County Cultural Education Facilities Finance Corp. (Wayside Schools);
Series 2012 A, RB

   5.25%    08/15/2042      10      10,008
                        81,114,683

Utah–3.92%

           

Black Desert Public Infrastructure District; Series 2021 A, GO Bonds(g)

   4.00%    03/01/2051      500      377,936

Military Installation Development Authority; Series 2021 A-2, RB

   4.00%    06/01/2052      500      363,017

Salt Lake City (City of), UT;

           

Series 2021 A, RB(k)

   5.00%    07/01/2046      855      877,895

Series 2021 A, RB(k)

   5.00%    07/01/2051      455      460,379

Salt Lake City (City of), UT (Salt Lake City International Airport); Series 2017 A, RB(b)(k)

   5.00%    07/01/2047      2,770      2,803,978

University of Utah (The); Series 2013 A, RB(b)(c)(d)

   5.00%    08/01/2023      14,235      14,468,833

Utah (County of), UT (IHC Health Services, Inc.); Series 2016 B, RB

   4.00%    05/15/2047      2,070      1,983,144

Utah (State of) Charter School Finance Authority (Ogden Preparatory Academy);
Series 2022 A, Ref. RB

   4.63%    10/15/2057      1,065      1,020,426

Utah Telecommunication Open Infrastructure Agency; Series 2022, Ref. RB

   4.38%    06/01/2040      1,135      1,142,439
                        23,498,047

Virginia–1.97%

           

Hampton Roads Transportation Accountability Commission; Series 2022 A, RB

   4.00%    07/01/2052      2,160      2,080,176

Roanoke (City of), VA Economic Development Authority (Richfield Living); Series 2020, RB (Acquired 01/23/2020; Cost $335,000)(f)

   5.00%    09/01/2050      335      220,407

Virginia (Commonwealth of) Small Business Financing Authority (95 Express Lanes LLC); Series 2022, Ref. RB(k)

   5.00%    01/01/2037      2,895      2,981,646

 

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

 

  Invesco Trust for Investment Grade Municipals


      Interest
Rate
   Maturity
Date
   Principal
Amount
(000)
     Value

Virginia–(continued)

           

Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes);

           

Series 2022, Ref. RB(k)

   5.00%    12/31/2052    $ 1,360      $     1,397,303

Series 2022, Ref. RB(k)

   5.00%    12/31/2057      855      874,995

Virginia (Commonwealth of) Small Business Financing Authority (Transform 66 P3);

           

Series 2017, RB(k)

   5.00%    12/31/2049      1,190      1,191,489

Series 2017, RB(k)

   5.00%    12/31/2056      3,115      3,089,663
                        11,835,679

Washington–2.52%

           

Kalispel Tribe of Indians; Series 2018 A, RB(g)

   5.00%    01/01/2032      1,400      1,468,545

Tacoma (City of), WA; Series 2022, RB

   4.00%    12/01/2047      2,830      2,743,180

Washington (State of); Series 2019 A, GO Bonds(b)

   5.00%    08/01/2042      1,910      2,056,034

Washington (State of) Convention Center Public Facilities District;

           

Series 2018, RB

   5.00%    07/01/2043      1,195      1,201,137

Series 2018, RB

   5.00%    07/01/2048      855      830,216

Series 2018, RB

   5.00%    07/01/2048      3,555      3,531,498

Washington (State of) Housing Finance Commission (Bayview Manor Homes);

           

Series 2016 A, Ref. RB(g)

   5.00%    07/01/2046      440      356,828

Series 2016 A, Ref. RB(g)

   5.00%    07/01/2051      365      287,991

Washington (State of) Housing Finance Commission (Social Certificates); Series 2021-1A, Revenue Ctfs.

   3.50%    12/20/2035      407      364,698

Washington (State of) Tobacco Settlement Authority; Series 2013, Ref. RB

   5.25%    06/01/2033      2,250      2,252,390
                        15,092,517

West Virginia–0.15%

           

Monongalia (County of), WV Commission Special District (University Town Centre Economic Opportunity Development District); Series 2020, Ref. RB(g)

   7.50%    06/01/2043      850      882,045

Wisconsin–4.36%

           

Wisconsin (State of) Center District;

           

Series 2020 D, RB (INS - AGM)(h)(j)

   0.00%    12/15/2050      6,645      1,760,284

Series 2020 D, RB (INS - AGM)(h)(j)

   0.00%    12/15/2055      3,840      782,014

Series 2020 D, RB (INS - AGM)(h)(j)

   0.00%    12/15/2060      25,015      3,857,996

Series 2022, RB(g)

   5.25%    12/15/2061      1,735      1,735,467

Wisconsin (State of) Health & Educational Facilities Authority (Aspirus, Inc. Obligated Group);

           

Series 2021, RB

   3.00%    08/15/2051      850      591,848

Series 2021, RB

   4.00%    08/15/2051      2,850      2,523,528

Wisconsin (State of) Health & Educational Facilities Authority (Froedtert Health);
Series 2022 A, Ref. RB

   4.00%    04/01/2042      2,555      2,451,949

Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands);

           

Series 2017, RB(e)(g)

   6.75%    08/01/2031      640      383,567

Series 2017, RB(g)

   6.75%    12/01/2042      2,190      1,830,106

Wisconsin (State of) Public Finance Authority (Explore Academy);

           

Series 2020 A, RB(g)

   6.13%    02/01/2050      425      369,654

Series 2022 A, RB(g)

   6.13%    02/01/2050      460      400,096

Wisconsin (State of) Public Finance Authority (KU Campus Development Corp. -Central District Development); Series 2016, RB(b)(i)

   5.00%    03/01/2046      3,840      4,000,638

Wisconsin (State of) Public Finance Authority (Mallard Creek Stem Academy);
Series 2019 A, RB(g)

   5.13%    06/15/2039      630      603,884

Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center);
Series 2018 A-1, RB(g)

   6.38%    01/01/2048      665      408,975

Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.);

           

Series 2018 A, RB

   5.20%    12/01/2037      1,710      1,771,339

Series 2018 A, RB

   5.35%    12/01/2045      1,710      1,745,288

Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences); Series 2015, Ref. RB

   5.75%    04/01/2035      895      904,037
                        26,120,670

Wyoming–0.58%

           

University of Wyoming; Series 2021 C, RB (INS - AGM)(h)

   4.00%    06/01/2044      1,085      1,042,163

 

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

 

  Invesco Trust for Investment Grade Municipals


     Interest
Rate
   Maturity
Date
   Principal
Amount
(000)
     Value  

 

 

Wyoming–(continued)

           

Wyoming (State of) Municipal Power Agency; Series 2017 A, Ref. RB(b)(c)(d)

   5.00%    01/01/2027    $ 2,250      $ 2,448,216  

 

 
              3,490,379  

 

 

TOTAL INVESTMENTS IN SECURITIES(r)–163.30% (Cost $1,007,553,225)

              979,181,723  

 

 

FLOATING RATE NOTE OBLIGATIONS–(20.12)%

           

Notes with interest and fee rates ranging from 2.45% to 2.62% at 11/30/2022 and contractual maturities of collateral ranging from 09/15/2028 to 04/01/2056(s)

              (120,620,000

 

 

VARIABLE RATE MUNI TERM PREFERRED SHARES–(45.58)%

              (273,277,496

 

 

OTHER ASSETS LESS LIABILITIES–2.40%

              14,334,226  

 

 

NET ASSETS APPLICABLE TO COMMON SHARES–100.00%

            $ 599,618,453  

 

 

Investment Abbreviations:

 

AGC    – Assured Guaranty Corp.
AGM    – Assured Guaranty Municipal Corp.
BAM    – Build America Mutual Assurance Co.
CEP    – Credit Enhancement Provider
Ctfs.    – Certificates
GO    – General Obligation
IDR    – Industrial Development Revenue Bonds
INS    – Insurer
LOC    – Letter of Credit
NATL    – National Public Finance Guarantee Corp.
PCR    – Pollution Control Revenue Bonds
RAC    – Revenue Anticipation Certificates
RB    – Revenue Bonds
Ref.    – Refunding
RN    – Revenue Notes
SIFMA    – Securities Industry and Financial Markets Association
VRD    – Variable Rate Demand

Notes to Schedule of Investments:

 

(a) 

Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Trust’s use of leverage.

(b) 

Underlying security related to TOB Trusts entered into by the Trust.

(c) 

Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral.

(d) 

Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put.

(e) 

Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at November 30, 2022 was $4,422,785, which represented less than 1% of the Trust’s Net Assets.

(f) 

Restricted security. The aggregate value of these securities at November 30, 2022 was $8,024,224, which represented 1.34% of the Trust’s Net Assets.

(g) 

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 $46,071,048, which represented 7.68% of the Trust’s Net Assets.

(h) 

Principal and/or interest payments are secured by the bond insurance company listed.

(i) 

Security is subject to a reimbursement agreement which may require the Trust to pay amounts to a counterparty in the event of a significant decline in the market value of the security underlying the TOB Trusts. In case of a shortfall, the maximum potential amount of payments the Trust could ultimately be required to make under the agreement is $39,548,000. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the TOB Trusts.

(j) 

Zero coupon bond issued at a discount.

(k) 

Security subject to the alternative minimum tax.

(l) 

Convertible capital appreciation bond. The interest rate shown represents the coupon rate at which the bond will accrue at a specified future date.

(m) 

Security valued using significant unobservable inputs (Level 3). See Note 1.

(n) 

The issuer is paying less than stated interest, but is not in default on principal because scheduled principal payments have not yet begun.

(o)

Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2022.

(p)

Demand security payable upon demand by the Trust at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically by the issuer or agent based on current market conditions. Rate shown is the rate in effect on November 30, 2022.

(q) 

Principal and interest payments are fully enhanced by a letter of credit from the bank listed or a predecessor bank, branch or subsidiary.

(r)

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

(s) 

Floating rate note obligations related to securities held. The interest and fee rates shown reflect the rates in effect at November 30, 2022. At November 30, 2022, the Trust’s investments with a value of $176,374,331 are held by TOB Trusts and serve as collateral for the $120,620,000 in the floating rate note obligations outstanding at that date.

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

 

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

 

  Invesco Trust for Investment Grade Municipals


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.

The following is a summary of the tiered valuation input levels, as of November 30, 2022. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

 

     Level 1               Level 2               Level 3               Total  

 

 

Investments in Securities

                 

 

 

Municipal Obligations

     $–          $978,004,746          $1,176,977          $979,181,723  

 

 

Other Investments - Assets

                 

 

 

Investments Matured

       –          88                        –          88  

 

 

Total Investments

     $–          $978,004,834          $1,176,977          $979,181,811  

 

 

 

  Invesco Trust for Investment Grade Municipals