Schedule of Investments
November 30, 2021
(Unaudited)
| Interest Rate | Maturity Date | Principal Amount (000) | Value | |||
| Municipal Obligations–128.24%(a) | ||||||
| Alabama–3.13% | ||||||
| Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging); Series 2016, RB | 6.00% | 06/01/2050 | $ 1,000 | $ 1,054,218 | ||
| Birmingham (City of), AL Water Works Board; Series 2015 A, Ref. RB(b)(c)(d) | 5.00% | 01/01/2042 | 2,250 | 2,568,146 | ||
| Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village); Series 2007, RB (Acquired 10/18/2010; Cost $739,982)(e)(f) | 5.50% | 01/01/2043 | 925 | 615,039 | ||
| Jefferson (County of), AL; | ||||||
| Series 2013 C, Wts. (INS - AGM)(g)(h) | 6.60% | 10/01/2042 | 1,300 | 1,345,655 | ||
| Series 2013 F, Revenue Wts.(g) | 7.75% | 10/01/2046 | 1,700 | 1,757,290 | ||
| Series 2013 F, Revenue Wts.(g) | 7.90% | 10/01/2050 | 1,000 | 1,033,635 | ||
| Lower Alabama Gas District (The); Series 2016 A, RB(d) | 5.00% | 09/01/2046 | 1,500 | 2,214,987 | ||
| Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining); Series 2019 A, Ref. IDR(i) | 5.25% | 05/01/2044 | 1,000 | 1,157,149 | ||
| 11,746,119 | ||||||
| Alaska–0.26% | ||||||
| Northern Tobacco Securitization Corp.; Series 2021 B-2, Ref. RB(j) | 0.00% | 06/01/2066 | 4,546 | 988,033 | ||
| American Samoa–0.23% | ||||||
| American Samoa (Territory of) Economic Development Authority; Series 2015 A, Ref. RB | 6.63% | 09/01/2035 | 750 | 874,273 | ||
| Arizona–4.18% | ||||||
| Arizona (State of) Health Facilities Authority (Banner Health); Series 2015 C, VRD RB (LOC - Bank Of America N.A.)(k)(l) | 0.01% | 01/01/2046 | 1,000 | 1,000,000 | ||
| Arizona (State of) Industrial Development Authority (Great Laked Senior Living Community); Series 2019 B, RB | 5.13% | 01/01/2054 | 2,375 | 2,248,886 | ||
| Arizona (State of) Industrial Development Authority (Kaizen Education Foundation); Series 2016, RB(i) | 5.75% | 07/01/2036 | 1,500 | 1,753,607 | ||
| Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus); Series 2017, Ref. RB | 5.00% | 11/15/2040 | 1,500 | 1,604,951 | ||
| Phoenix (City of), AZ Industrial Development Authority (Choice Academies); Series 2012, RB | 5.38% | 09/01/2032 | 1,000 | 1,021,186 | ||
| Phoenix (City of), AZ Industrial Development Authority (Legacy Traditional Schools); Series 2014 A, RB(i) | 6.75% | 07/01/2044 | 750 | 851,849 | ||
| Phoenix (City of), AZ Industrial Development Authority (Phoenix Collegiate Academy); Series 2012, RB | 5.63% | 07/01/2042 | 1,000 | 1,015,374 | ||
| Pima (County of), AZ Industrial Development Authority (American Leadership Academy); Series 2017, RB(i) | 5.00% | 06/15/2052 | 2,355 | 2,414,276 | ||
| Pima (County of), AZ Industrial Development Authority (Career Success Schools); Series 2020, Ref. RB(i) | 5.50% | 05/01/2040 | 1,500 | 1,603,229 | ||
| Tempe (City of), AZ Industrial Development Authority (Mirabella at ASU); Series 2017 A, RB(i) | 6.13% | 10/01/2052 | 1,000 | 1,096,945 | ||
| Town of Florence, Inc. (The) Industrial Development Authority (Legacy Traditional School - Queen Creek and Casa Grande Campuses); Series 2013, RB | 6.00% | 07/01/2043 | 1,000 | 1,068,712 | ||
| 15,679,015 | ||||||
| California–17.50% | ||||||
| ABAG Finance Authority for Nonprofit Corps. (Episcopal Senior Communities); Series 2012 A, Ref. RB(b)(c) | 5.00% | 07/01/2022 | 1,000 | 1,028,093 | ||
| Bay Area Toll Authority (San Francisco Bay Area); Series 2017 F-1, RB(b)(c)(d)(m) | 5.00% | 04/01/2056 | 2,250 | 2,761,977 | ||
| California (State of); Series 2020-XM0848, Ctfs.(d) | 3.00% | 03/01/2050 | 2,000 | 2,140,319 | ||
| California (State of) Educational Facilities Authority; Series 2013, RB(d) | 5.00% | 10/01/2032 | 3,000 | 4,202,973 | ||
| California (State of) Educational Facilities Authority (Stanford University); Series 2014 U-6, RB(d) | 5.00% | 05/01/2045 | 3,000 | 4,610,685 | ||
| California (State of) Housing Finance Agency; Series 2021-1, Class A, Ctfs. | 3.50% | 11/20/2035 | 1,238 | 1,414,232 | ||
| California (State of) Municipal Finance Authority (Caritas Affordable Housing, Inc.); Series 2014 B, RB | 5.88% | 08/15/2049 | 1,250 | 1,331,840 | ||
| California (State of) Municipal Finance Authority (Chevron USA); Series 2010, VRD RB(k) | 0.01% | 11/01/2035 | 3,005 | 3,005,000 | ||
| California (State of) Municipal Finance Authority (Santa Rosa Academy); Series 2012 A, RB | 6.00% | 07/01/2042 | 1,000 | 1,024,955 | ||
| California (State of) Pollution Control Finance Authority; Series 2012, RB(i)(n) | 5.00% | 07/01/2037 | 1,000 | 1,037,329 | ||
| California (State of) Pollution Control Financing Authority (Aemerge Redpak Services Southern California LLC); Series 2016, RB (Acquired 01/22/2016-09/25/2017; Cost $937,500)(e)(f)(i)(n) | 7.00% | 12/31/2049 | 940 | 423,000 | ||
| California (State of) School Finance Authority (New Designs Charter School); Series 2012, RB | 5.50% | 06/01/2042 | 695 | 705,377 | ||
| California (State of) Statewide Communities Development Authority (Creative Child Care & Team Charter); Series 2015, RB(i) | 6.75% | 06/01/2045 | 755 | 814,928 | ||
See accompanying notes which are an integral part of this schedule.
Invesco Municipal Income Opportunities Trust
| Interest Rate | Maturity Date | Principal Amount (000) | Value | |||
| California–(continued) | ||||||
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program); | ||||||
| Series 2002, RB | 6.00% | 05/01/2043 | $ 750 | $ 757,422 | ||
| Series 2006 A, RB(j) | 0.00% | 06/01/2046 | 10,000 | 2,215,550 | ||
| California Educational Facilities Authority; Series 2010, RB(d) | 5.25% | 04/01/2040 | 500 | 758,546 | ||
| Daly City (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition); Series 2007 C, Ref. RB | 6.50% | 12/15/2047 | 880 | 881,551 | ||
| Foothill-Eastern Transportation Corridor Agency; Series 2014 C, Ref. RB(b)(c) | 6.50% | 01/15/2024 | 1,000 | 1,119,061 | ||
| Golden State Tobacco Securitization Corp.; | ||||||
| Series 2007 B, RB(j) | 0.00% | 06/01/2047 | 10,000 | 2,281,206 | ||
| Series 2018 A-1, Ref. RB | 5.00% | 06/01/2047 | 2,105 | 2,150,661 | ||
| Inland Empire Tobacco Securitization Corp.; Series 2007 C-1, RB(j) | 0.00% | 06/01/2036 | 10,000 | 3,889,623 | ||
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport); Series 2018 A, RB(d)(m)(n) | 5.25% | 05/15/2048 | 3,000 | 3,688,817 | ||
| Poway Unified School District (School Facilities Improvement); Series 2011, GO Bonds(j) | 0.00% | 08/01/2039 | 8,000 | 5,556,643 | ||
| Riverside (County of), CA Transportation Commission; Series 2013 A, RB(b)(c) | 5.75% | 06/01/2023 | 1,000 | 1,080,642 | ||
| San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency Community Facilities District No. 6 (Mission Bay South Public Improvements); Series 2013 C, RB(j) | 0.00% | 08/01/2037 | 5,000 | 2,104,707 | ||
| Silicon Valley Tobacco Securitization Authority (Santa Clara); | ||||||
| Series 2007 A, RB(j) | 0.00% | 06/01/2036 | 2,000 | 895,525 | ||
| Series 2007 A, RB(j) | 0.00% | 06/01/2041 | 5,000 | 1,678,783 | ||
| Southern California Logistics Airport Authority; Series 2008 A, RB(j) | 0.00% | 12/01/2044 | 18,085 | 6,216,925 | ||
| Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.); Series 2019, Ref. RB(j) | 0.00% | 06/01/2054 | 3,500 | 686,091 | ||
| Union (City of), CA Community Redevelopment Agency (Community Redevelopment); Series 2011, RB(b)(c) | 6.88% | 12/01/2021 | 1,500 | 1,500,000 | ||
| University of California; Series 2017 M, RB(d) | 5.00% | 05/15/2047 | 3,000 | 3,623,619 | ||
| 65,586,080 | ||||||
| Colorado–10.35% | ||||||
| Broomfield (City & County of), CO Midcities Metropolitan District No. 2; Series 2016 B, Ref. GO Bonds | 7.75% | 12/15/2046 | 1,905 | 1,963,087 | ||
| Buffalo Highlands Metropolitan District; Series 2018 A, Ref. GO Bonds | 5.25% | 12/01/2038 | 1,185 | 1,266,527 | ||
| Canyons Metropolitan District No. 5; | ||||||
| Series 2016, GO Bonds | 7.00% | 12/15/2057 | 1,500 | 1,152,902 | ||
| Series 2017 A, Ref. GO Bonds | 6.13% | 12/01/2047 | 1,000 | 1,047,490 | ||
| Centerra Metropolitan District No. 1; Series 2020 A, Ref. GO Bonds | 5.00% | 12/01/2051 | 1,500 | 1,640,787 | ||
| Chaparral Pointe Metropolitan District; Series 2021, GO Bonds(i) | 5.00% | 12/01/2051 | 1,350 | 1,352,905 | ||
| City Center West Residential Metropolitan District No. 2; Series 2019 A, GO Bonds | 5.00% | 12/01/2049 | 1,040 | 1,119,027 | ||
| Colorado (State of) Health Facilities Authority (SCL Health System); Series 2013 A, RB | 5.50% | 01/01/2035 | 3,000 | 3,304,044 | ||
| Colorado (State of) Health Facilities Authority (Sunny Vista Living Center); Series 2015 A, Ref. RB(i) | 6.25% | 12/01/2050 | 1,000 | 977,505 | ||
| Colorado International Center Metropolitan District No. 7; Series 2021, GO Bonds(g) | 5.25% | 12/01/2051 | 1,500 | 1,115,803 | ||
| Denver (City & County of), CO; Series 2018 A, Ref. RB(d)(n) | 5.25% | 12/01/2043 | 3,000 | 3,698,343 | ||
| Gardens on Havana Metropolitan District No. 3 (The); Series 2017 B, RB | 7.75% | 12/15/2047 | 700 | 729,477 | ||
| Hess Ranch Metropolitan District No. 6; Series 2020 A-2, GO Bonds(g) | 5.75% | 12/01/2049 | 1,000 | 807,731 | ||
| Hidden Creek Metropolitan District; Series 2021 A, GO Bonds(i) | 4.63% | 12/01/2045 | 1,145 | 1,144,178 | ||
| Horizon Metropolitan District No. 2; Series 2021, GO Bonds(i) | 4.50% | 12/01/2051 | 700 | 709,458 | ||
| Leyden Rock Metropolitan District No. 10; Series 2016 B, GO Bonds(b)(c) | 7.25% | 12/15/2021 | 500 | 516,268 | ||
| Nine Mile Metropolitan District; Series 2020, RB | 5.13% | 12/01/2040 | 1,375 | 1,523,136 | ||
| North Range Metropolitan District No. 2; Series 2017 A, Ref. GO Bonds | 5.75% | 12/01/2047 | 1,000 | 1,054,902 | ||
| Palisade Metropolitan District No. 2; Series 2019, GO Bonds | 7.25% | 12/15/2049 | 1,000 | 1,041,303 | ||
| Ptarmigan West Metropolitan District No. 2; Series 2021, GO Bonds | 4.13% | 12/01/2051 | 1,500 | 1,501,401 | ||
| Reata Ridge Village Metropolitan District No. 2; Series 2019 A, GO Bonds | 5.00% | 12/01/2049 | 905 | 976,162 | ||
| Remuda Ranch Metropolitan District; Series 2020 A, GO Bonds | 5.00% | 12/01/2050 | 2,300 | 2,530,555 | ||
| Reunion Metropolitan District; Series 2021 A, RB | 3.63% | 12/01/2044 | 1,000 | 998,464 | ||
| Ridgeline Vista Metropolitan District; Series 2021 A, GO Bonds | 5.25% | 12/01/2060 | 1,000 | 1,105,362 | ||
| Solaris Metropolitan District No. 3; Series 2016 B, Ref. GO Bonds | 7.00% | 12/15/2046 | 1,000 | 1,030,892 | ||
| St. Vrain Lakes Metropolitan District No. 2; Series 2017 A, GO Bonds | 5.00% | 12/01/2037 | 1,500 | 1,581,683 | ||
| Tallyn’s Reach Metropolitan District No. 3; Series 2016 A, GO Bonds(b)(c) | 6.75% | 12/15/2021 | 698 | 720,570 | ||
| Talon Pointe Metropolitan District; Series 2019 A, Ref. GO Bonds | 5.25% | 12/01/2051 | 1,000 | 1,096,624 | ||
See accompanying notes which are an integral part of this schedule.
Invesco Municipal Income Opportunities Trust
| Interest Rate | Maturity Date | Principal Amount (000) | Value | |||
| Colorado–(continued) | ||||||
| Westerly Metropolitan District No. 4; Series 2021 A, GO Bonds | 5.00% | 12/01/2050 | $ 1,000 | $ 1,088,740 | ||
| 38,795,326 | ||||||
| Connecticut–0.53% | ||||||
| Connecticut (State of) Health & Educational Facilities Authority; Series 2020 G-1, Ref. RB(i) | 5.00% | 07/01/2039 | 1,100 | 1,334,141 | ||
| Georgetown (City of), CT Special Taxing District; Series 2006 A, GO Bonds(e)(o) | 5.13% | 10/01/2036 | 5,310 | 637,200 | ||
| 1,971,341 | ||||||
| Delaware–0.30% | ||||||
| Millsboro (Town of), DE (Plantation Lakes Special Development District); Series 2018, Ref. RB(i) | 5.25% | 07/01/2048 | 1,000 | 1,107,612 | ||
| District of Columbia–0.89% | ||||||
| District of Columbia; Series 2014 C, GO Bonds(d) | 5.00% | 06/01/2038 | 3,000 | 3,321,456 | ||
| Florida–7.30% | ||||||
| Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.); Series 2014, RB | 6.38% | 11/15/2049 | 900 | 873,159 | ||
| Alachua (County of), FL Health Facilities Authority (Terraces at Bonita Springs); Series 2011 A, RB (Acquired 10/24/2011; Cost $986,808)(f) | 8.13% | 11/15/2046 | 1,000 | 1,000,147 | ||
| Broward (County of), FL; Series 2017, RB(d)(m)(n) | 5.00% | 10/01/2042 | 3,000 | 3,607,959 | ||
| Capital Trust Agency, Inc. (H-Bay Ministries, Inc.- Superior Residences); Series 2018 A-1, RB(e) | 5.00% | 07/01/2048 | 250 | 140,000 | ||
| Capital Trust Agency, Inc. (New Springs, Inc.); Series 2021, RB | 4.75% | 06/01/2056 | 2,000 | 2,007,690 | ||
| Capital Trust Agency, Inc. (Tallahassee Tapestry); | ||||||
| Series 2015, RB(e)(i) | 6.75% | 12/31/2049 | 100 | 32,000 | ||
| Series 2015, RB(e)(i) | 7.00% | 12/31/2049 | 1,000 | 320,000 | ||
| Collier (County of), FL Industrial Development Authority (The Arlington of Naples); Series 2014 A, RB (Acquired 12/16/2013-12/19/2013; Cost $1,183,318)(e)(f)(i) | 8.25% | 05/15/2049 | 1,200 | 816,000 | ||
| Florida Development Finance Corp. (Glenridge on Palmer Ranch); Series 2021, Ref. RB | 5.00% | 06/01/2051 | 1,000 | 1,140,069 | ||
| Florida Development Finance Corp. (Renaissance Charter School, Inc.); | ||||||
| Series 2012 A, RB(i) | 6.13% | 06/15/2043 | 1,000 | 1,017,339 | ||
| Series 2015, RB(i) | 6.13% | 06/15/2046 | 1,000 | 1,131,725 | ||
| Florida Development Finance Corp. (River City Science Academy); Series 2021, RB | 4.00% | 07/01/2055 | 1,000 | 1,081,457 | ||
| Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts); Series 2018 A, RB(i) | 5.38% | 07/15/2038 | 1,300 | 1,423,558 | ||
| Lee (County of), FL Industrial Development Authority (Cypress Cove Healthpark); Series 2012, Ref. RB(b)(c) | 5.75% | 10/01/2022 | 1,000 | 1,045,263 | ||
| Lee (County of), FL Industrial Development Authority (Lee County Community Charter Schools, LLC); Series 2012, IDR | 5.75% | 06/15/2042 | 1,200 | 1,215,670 | ||
| Miami-Dade (County of), FL; Series 2009, RB(j) | 0.00% | 10/01/2042 | 7,900 | 4,592,328 | ||
| Miami-Dade (County of), FL Educational Facilities Authority (University of Miami); Series 2018 A, RB(d) | 5.00% | 04/01/2053 | 1,500 | 1,795,570 | ||
| Orlando (City of), FL; Series 2014 A, RB(b)(c)(d) | 5.00% | 11/01/2039 | 3,000 | 3,338,157 | ||
| Palm Beach (County of), FL Health Facilities Authority (Sinai Residences of Boca Raton); Series 2014 A, RB | 7.50% | 06/01/2049 | 750 | 784,271 | ||
| 27,362,362 | ||||||
| Georgia–0.76% | ||||||
| Atlanta (City of), GA; Series 2015, RB(d) | 5.00% | 11/01/2040 | 2,490 | 2,855,387 | ||
| Guam–0.17% | ||||||
| Guam (Territory of) Department of Education (John F. Kennedy); Series 2020, Ref. COP | 5.00% | 02/01/2040 | 545 | 622,671 | ||
| Idaho–0.71% | ||||||
| Idaho (State of) Health Facilities Authority (Terraces of Boise); Series 2014, RB | 4.55% | 10/01/2056 | 1,000 | 1,010,234 | ||
| Idaho (State of) Health Facilities Authority (Valley Vista Care Corp.); Series 2017 A, Ref. RB | 5.25% | 11/15/2047 | 1,600 | 1,649,381 | ||
| 2,659,615 | ||||||
| Illinois–13.64% | ||||||
| Berwyn (City of), IL; Series 2020, RB(i) | 4.50% | 12/01/2033 | 1,920 | 2,056,564 | ||
| Bolingbrook (Village of), IL; Series 2005, RB | 6.25% | 01/01/2024 | 893 | 883,068 | ||
See accompanying notes which are an integral part of this schedule.
Invesco Municipal Income Opportunities Trust
| Interest Rate | Maturity Date | Principal Amount (000) | Value | |||
| Illinois–(continued) | ||||||
| Chicago (City of), IL; | ||||||
| Series 2007 F, Ref. GO Bonds | 5.50% | 01/01/2042 | $ 1,250 | $ 1,431,089 | ||
| Series 2009 C, Ref. GO Bonds(j) | 0.00% | 01/01/2031 | 5,020 | 3,904,631 | ||
| Series 2011, COP | 7.13% | 05/01/2025 | 726 | 726,368 | ||
| Series 2017 A, Ref. GO Bonds | 6.00% | 01/01/2038 | 1,500 | 1,860,496 | ||
| Chicago (City of), IL (Lakeshore East); Series 2003, RB | 6.75% | 12/01/2032 | 1,810 | 1,814,926 | ||
| Chicago (City of), IL Board of Education; Series 2017 H, GO Bonds | 5.00% | 12/01/2046 | 1,500 | 1,759,987 | ||
| Chicago (City of), IL Metropolitan Water Reclamation District; | ||||||
| Series 2015 A, GO Bonds(b)(c)(d) | 5.00% | 12/01/2044 | 3,000 | 3,409,946 | ||
| Series 2016 C, GO Bonds(d) | 5.00% | 12/01/2045 | 2,250 | 2,649,482 | ||
| Chicago (City of), IL Transit Authority; Series 2014, RB(d) | 5.25% | 12/01/2049 | 3,000 | 3,393,805 | ||
| Illinois (State of); | ||||||
| Series 2014, GO Bonds | 5.00% | 05/01/2039 | 1,000 | 1,095,408 | ||
| Series 2017 C, GO Bonds | 5.00% | 11/01/2029 | 1,000 | 1,201,749 | ||
| Series 2020, GO Bonds | 5.75% | 05/01/2045 | 1,000 | 1,281,088 | ||
| Illinois (State of) Finance Authority (CITGO Petroleum Corp.); Series 2002, RB(n) | 8.00% | 06/01/2032 | 140 | 140,195 | ||
| Illinois (State of) Finance Authority (Intrinsic Schools - Belmont School); Series 2015, RB(i) | 6.00% | 12/01/2045 | 1,000 | 1,131,947 | ||
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group); | ||||||
| Series 2019 A, Ref. RB | 5.00% | 11/01/2040 | 1,000 | 1,117,127 | ||
| Series 2019 A, Ref. RB | 5.00% | 11/01/2049 | 4,000 | 4,412,095 | ||
| Illinois (State of) Finance Authority (Park Place of Elmhurst); Series 2016, RB | 5.13% | 05/15/2060 | 1,341 | 1,343,708 | ||
| Illinois (State of) Finance Authority (Peace Village); Series 2013, RB(b)(c) | 7.00% | 08/15/2023 | 1,000 | 1,103,953 | ||
| Illinois (State of) Finance Authority (Rogers Park Montessori School); Series 2014, Ref. RB | 6.13% | 02/01/2045 | 1,500 | 1,592,887 | ||
| Illinois (State of) Finance Authority (Social Bonds); Series 2021, Ref. RB | 4.00% | 11/01/2051 | 1,100 | 1,262,499 | ||
| Illinois (State of) Finance Authority (University of Chicago); Series 2013 A, RB(b)(c)(d) | 5.25% | 10/01/2052 | 3,000 | 3,198,744 | ||
| Illinois (State of) Finance Authority (Villa St. Benedict); Series 2015, Ref. RB | 6.38% | 11/15/2043 | 775 | 874,881 | ||
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion); | ||||||
| Series 2017 B, Ref. RB(g) | 4.70% | 12/15/2037 | 1,000 | 865,424 | ||
| Series 2017 B, Ref. RB(g) | 4.95% | 12/15/2047 | 3,900 | 3,352,641 | ||
| State of Illinois; Series 2017 D, GO Bonds(d)(m) | 5.00% | 11/01/2023 | 3,000 | 3,256,810 | ||
| 51,121,518 | ||||||
| Indiana–1.69% | ||||||
| Indiana (State of) Finance Authority (Indiana University Health Obligated Group); Series 2015 A, Ref. RB(d) | 5.00% | 12/01/2040 | 2,250 | 2,565,965 | ||
| Indiana (State of) Finance Authority (Irvington Community School); | ||||||
| Series 2018 A, Ref. RB(i) | 5.90% | 07/01/2038 | 1,000 | 1,087,802 | ||
| Series 2018 A, Ref. RB(i) | 6.00% | 07/01/2048 | 1,000 | 1,085,062 | ||
| Indianapolis (City of), IN (Ritter Affordable Assisted Living); Series 2014, RB (Acquired 04/25/2014; Cost $480,000)(f) | 6.90% | 12/01/2033 | 480 | 469,686 | ||
| Valparaiso (City of), IN (Pratt Paper, LLC); Series 2013, RB(n) | 7.00% | 01/01/2044 | 1,000 | 1,117,492 | ||
| 6,326,007 | ||||||
| Iowa–1.83% | ||||||
| Iowa (State of) Finance Authority (Alcoa, Inc.); Series 2012, RB | 4.75% | 08/01/2042 | 1,000 | 1,019,961 | ||
| Iowa (State of) Finance Authority (Iowa Fertilizer Co.); Series 2013, RB | 5.25% | 12/01/2025 | 3,000 | 3,232,877 | ||
| Iowa (State of) Finance Authority (Northcrest, Inc.); Series 2018 A, RB | 5.00% | 03/01/2038 | 1,150 | 1,244,499 | ||
| Iowa (State of) Tobacco Settlement Authority; Series 2021 B-2, Ref. RB(j) | 0.00% | 06/01/2065 | 7,300 | 1,364,758 | ||
| 6,862,095 | ||||||
| Kansas–0.90% | ||||||
| Wichita (City of), KS (Larksfield Place); Series 2013 III, Ref. RB(b)(c) | 7.38% | 12/15/2023 | 1,000 | 1,138,694 | ||
| Wichita (City of), KS (Presbyterian Manors, Inc.); | ||||||
| Series 2013 IV-A, RB | 6.50% | 05/15/2048 | 1,000 | 1,048,061 | ||
| Series 2018 I, Ref. RB | 5.00% | 05/15/2038 | 1,115 | 1,204,322 | ||
| 3,391,077 | ||||||
| Kentucky–0.67% | ||||||
| Kentucky (Commonwealth of) Public Transportation Infrastructure Authority (Downtown Crossing); Series 2013 C, RB(g) | 6.88% | 07/01/2046 | 2,000 | 2,504,973 | ||
See accompanying notes which are an integral part of this schedule.
Invesco Municipal Income Opportunities Trust
| Interest Rate | Maturity Date | Principal Amount (000) | Value | |||
| Louisiana–0.93% | ||||||
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority; Series 2015 A, Ref. RB | 6.25% | 11/15/2045 | $ 750 | $ 815,114 | ||
| New Orleans (City of), LA Aviation Board (North Terminal); Series 2017 B, RB(d)(m)(n) | 5.00% | 01/01/2048 | 2,250 | 2,655,199 | ||
| 3,470,313 | ||||||
| Massachusetts–1.47% | ||||||
| Massachusetts (Commonwealth of); Series 2004 A, Ref. GO Bonds (INS - AMBAC)(d)(h) | 5.50% | 08/01/2030 | 960 | 1,287,684 | ||
| Massachusetts (Commonwealth of) Development Finance Agency (Massachusetts Institute of Technology); Series 2002 K, RB(d) | 5.50% | 07/01/2032 | 505 | 720,018 | ||
| Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.); Series 2017, Ref. RB(i) | 5.00% | 10/01/2057 | 1,500 | 1,619,074 | ||
| University of Massachusetts Building Authority; Series 2017-1, RB(d) | 5.25% | 11/01/2047 | 1,500 | 1,874,808 | ||
| 5,501,584 | ||||||
| Michigan–1.90% | ||||||
| Charyl Stockwell Academy; Series 2015, Ref. RB | 5.75% | 10/01/2045 | 635 | 661,485 | ||
| Detroit (City of), MI Water and Sewerage Department; Series 2012 A, Ref. RB(b)(c) | 5.25% | 07/01/2022 | 1,000 | 1,029,722 | ||
| Grand Rapids Economic Development Corp. (Beacon Hill at Eastgate); Series 2017 A, Ref. RB | 5.00% | 11/01/2037 | 600 | 658,094 | ||
| Michigan (State of) Finance Authority (Madison Academy); Series 2021, Ref. RB | 5.00% | 12/01/2046 | 1,295 | 1,352,911 | ||
| Michigan (State of) Strategic Fund (Canterbury Health Care, Inc.); Series 2016, RB(i) | 5.00% | 07/01/2046 | 2,705 | 2,328,448 | ||
| Michigan (State of) Strategic Fund (Friendship Village of Kalamazoo); Series 2021, Ref. RB(i) | 5.00% | 08/15/2051 | 1,000 | 1,100,589 | ||
| 7,131,249 | ||||||
| Minnesota–1.56% | ||||||
| Rochester (City of), MN (Homestead at Rochester, Inc.); Series 2013 A, RB | 6.88% | 12/01/2048 | 1,000 | 1,063,365 | ||
| St. Paul (City of), MN Housing & Redevelopment Authority (Emerald Gardens); Series 2010, Ref. RB | 6.25% | 03/01/2025 | 830 | 831,889 | ||
| St. Paul (City of), MN Housing & Redevelopment Authority (Higher Ground Academy Project); Series 2018, RB | 5.00% | 12/01/2043 | 1,000 | 1,126,220 | ||
| West St. Paul (City of), MN (Walker Westwood Ridge Campus); Series 2017, Ref. RB | 5.00% | 11/01/2049 | 2,750 | 2,810,612 | ||
| 5,832,086 | ||||||
| Mississippi–0.44% | ||||||
| Mississippi Business Finance Corp. (Chevron U.S.A., Inc.); Series 2010 G, VRD RB(k) | 0.02% | 11/01/2035 | 1,660 | 1,660,000 | ||
| Missouri–2.43% | ||||||
| Branson Hills Infrastructure Facilities Community Improvement District; Series 2007 A, RB (Acquired 05/04/2007; Cost $750,000)(f)(o) | 5.50% | 04/01/2027 | 750 | 202,500 | ||
| I-470 Western Gateway Transportation Development District; Series 2019 A, RB(i) | 5.25% | 12/01/2048 | 1,000 | 1,061,226 | ||
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights); Series 2017 A, Ref. RB | 5.25% | 05/15/2050 | 1,250 | 1,379,238 | ||
| Lee’s Summit (City of), MO Industrial Development Authority (John Knox Village Obligated Group); Series 2016 A, RB | 5.00% | 08/15/2046 | 2,000 | 2,153,517 | ||
| Missouri (State of) Health & Educational Facilities Authority (Truman Medical Center, Inc.); Series 2017 B, RB(i) | 4.25% | 12/01/2042 | 2,000 | 2,205,944 | ||
| St. Louis (County of), MO Industrial Development Authority (Friendship Village West County); Series 2018 A, RB | 5.13% | 09/01/2049 | 1,500 | 1,678,644 | ||
| St. Louis (County of), MO Industrial Development Authority (Grand Center Redevelopment); Series 2011, RB | 6.38% | 12/01/2025 | 420 | 420,713 | ||
| 9,101,782 | ||||||
| Nevada–1.25% | ||||||
| Clark (County of), NV (Stadium Improvement Bonds); Series 2018 A, GO Bonds(d) | 5.00% | 05/01/2048 | 3,000 | 3,624,391 | ||
| Reno (City of), NV (ReTRAC - Reno Transportation Rail Access Corridor); Series 2018 C, Ref. RB(i)(j) | 0.00% | 07/01/2058 | 6,000 | 1,060,426 | ||
| 4,684,817 | ||||||
| New Jersey–1.66% | ||||||
| New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.); | ||||||
| Series 1999, RB(n) | 5.25% | 09/15/2029 | 1,000 | 1,037,531 | ||
| Series 2012, RB(n) | 5.75% | 09/15/2027 | 1,000 | 1,028,065 | ||
| New Jersey (State of) Economic Development Authority (Leap Academy); Series 2014 A, RB(i) | 6.30% | 10/01/2049 | 1,200 | 1,296,796 | ||
| New Jersey (State of) Economic Development Authority (Paterson Charter School for Science and Technology, Inc.); Series 2012 C, RB | 5.30% | 07/01/2044 | 1,000 | 1,018,936 | ||
See accompanying notes which are an integral part of this schedule.
Invesco Municipal Income Opportunities Trust
| Interest Rate | Maturity Date | Principal Amount (000) | Value | |||
| New Jersey–(continued) | ||||||
| New Jersey (State of) Turnpike Authority; Series 2017 B, Ref. RB(d) | 5.00% | 01/01/2040 | $ 1,500 | $ 1,839,501 | ||
| 6,220,829 | ||||||
| New York–14.31% | ||||||
| Brooklyn Arena Local Development Corp. (Barclays Center); | ||||||
| Series 2009, RB(j) | 0.00% | 07/15/2035 | 1,475 | 1,051,568 | ||
| Series 2009, RB(j) | 0.00% | 07/15/2046 | 10,000 | 5,043,103 | ||
| Build NYC Resource Corp. (Brooklyn Navy Yard); Series 2019, Ref. RB(i)(n) | 5.25% | 12/31/2033 | 1,000 | 1,092,489 | ||
| Hudson Yards Infrastructure Corp.; Series 2017 A, RB(d) | 5.00% | 02/15/2039 | 3,000 | 3,572,608 | ||
| Monroe County Industrial Development Corp. (St. Ann’s Community); Series 2019, Ref. RB | 5.00% | 01/01/2050 | 1,000 | 1,116,417 | ||
| Nassau (County of), NY Industrial Development Agency (Amsterdam at Harborside); | ||||||
| Series 2021, RB | 5.00% | 01/01/2058 | 1,479 | 1,443,196 | ||
| Series 2021, Ref. RB(i) | 9.00% | 01/01/2041 | 730 | 731,695 | ||
| New York (City of), NY Municipal Water Finance Authority; Series 2012 BB, RB(d) | 5.00% | 06/15/2047 | 3,000 | 3,147,354 | ||
| New York (City of), NY Transitional Finance Authority; | ||||||
| Series 2013 I, RB | 5.00% | 05/01/2042 | 2,400 | 2,549,246 | ||
| Subseries 2012 F-1, RB(d) | 5.00% | 05/01/2039 | 6,000 | 6,113,685 | ||
| New York (County of), NY Tobacco Trust V; Series 2005 S-2, RB(j) | 0.00% | 06/01/2050 | 8,100 | 1,426,304 | ||
| New York (County of), NY Tobacco Trust VI; Subseries 2016 A-1, Ref. RB | 5.75% | 06/01/2043 | 2,000 | 2,654,123 | ||
| New York (State of) Dormitory Authority; | ||||||
| Series 2014 C, RB(d) | 5.00% | 03/15/2041 | 3,000 | 3,289,960 | ||
| Series 2018 E, RB(d) | 5.00% | 03/15/2045 | 2,250 | 2,804,108 | ||
| New York (State of) Dormitory Authority (Sales Tax); Series 2015 B-C, RB(b)(d) | 5.00% | 03/15/2045 | 3,000 | 3,451,013 | ||
| New York Liberty Development Corp. (3 World Trade Center); Series 2014, Class 3, Ref. RB(i) | 7.25% | 11/15/2044 | 1,000 | 1,106,974 | ||
| New York Transportation Development Corp. (American Airlines, Inc.); Series 2016, Ref. RB(n) | 5.00% | 08/01/2026 | 745 | 746,746 | ||
| New York Transportation Development Corp. (Delta Air Lines, Inc.-Laguardia); Series 2020, RB(n) | 4.38% | 10/01/2045 | 1,750 | 2,026,100 | ||
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment); Series 2016 A, RB(d)(m)(n) | 5.00% | 07/01/2046 | 1,750 | 1,934,662 | ||
| Triborough Bridge & Tunnel Authority; Series 2017 A, RB(d) | 5.00% | 11/15/2047 | 4,170 | 5,028,026 | ||
| TSASC, Inc.; Series 2016 B, Ref. RB | 5.00% | 06/01/2045 | 2,000 | 2,230,835 | ||
| Westchester (County of), NY Industrial Development Agency (Million Air Two LLC General Aviation Facilities); Series 2017 A, RB(i)(n) | 7.00% | 06/01/2046 | 1,000 | 1,069,211 | ||
| 53,629,423 | ||||||
| North Carolina–1.53% | ||||||
| North Carolina (State of) Medical Care Commission (Aldersgate); Series 2013, Ref. RB(b)(c) | 6.25% | 07/01/2023 | 750 | 818,887 | ||
| North Carolina (State of) Medical Care Commission (Salemtowne Project); Series 2018 A, RB | 5.00% | 10/01/2043 | 1,260 | 1,389,567 | ||
| North Carolina Capital Facilities Finance Agency; Series 2015 B, Ref. RB(b)(c)(d) | 5.00% | 10/01/2055 | 3,000 | 3,514,919 | ||
| 5,723,373 | ||||||
| North Dakota–0.28% | ||||||
| Burleigh (County of), ND (University of Mary); Series 2016, RB | 5.20% | 04/15/2046 | 1,000 | 1,054,594 | ||
| Ohio–5.24% | ||||||
| Buckeye Tobacco Settlement Financing Authority; | ||||||
| Series 2007 A-3, RB(b)(c) | 6.25% | 06/01/2022 | 1,000 | 1,030,331 | ||
| Series 2020 B-2, Ref. RB | 5.00% | 06/01/2055 | 4,700 | 5,396,617 | ||
| Series 2020 B-3, Ref. RB(j) | 0.00% | 06/01/2057 | 6,600 | 1,088,921 | ||
| Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Constellation Schools); Series 2014 A, Ref. RB | 6.75% | 01/01/2044 | 1,000 | 1,063,389 | ||
| Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Flats East Bank); | ||||||
| Series 2021 A, Ref. RB(i) | 4.00% | 12/01/2055 | 750 | 790,956 | ||
| Series 2021, Ref. RB(i) | 4.50% | 12/01/2055 | 750 | 799,766 | ||
| Franklin (County of), OH (First Community Village Obligated Group); Series 2013, Ref. RB | 5.63% | 07/01/2047 | 1,600 | 1,606,264 | ||
| Franklin (County of), OH (Wesley Communities); Series 2020, Ref. RB | 5.25% | 11/15/2055 | 1,500 | 1,694,796 | ||
| Gallia (County of), OH (Holzer Health System Obligated Group); Series 2012, Ref. RB(b)(c) | 8.00% | 07/01/2022 | 910 | 949,583 | ||
| Muskingum (County of), OH (Genesis Healthcare System); Series 2013, RB | 5.00% | 02/15/2044 | 1,000 | 1,038,425 | ||
| Southeastern Ohio (State of) Port Authority (Memorial Health Systems); Series 2015, Ref. RB | 5.50% | 12/01/2043 | 3,875 | 4,185,784 | ||
| 19,644,832 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco Municipal Income Opportunities Trust
| Interest Rate | Maturity Date | Principal Amount (000) | Value | |||
| Oklahoma–1.05% | ||||||
| Oklahoma (State of) Development Finance Authority (Inverness Village Community); | ||||||
| Series 2012, Ref. RB(e)(o) | 6.00% | 01/01/2032 | $ 422 | $ 4,835 | ||
| Series 2013, Ref. RB(e)(o) | 5.75% | 01/01/2037 | 422 | 4,834 | ||
| Oklahoma (State of) Development Finance Authority (OU Medicine); Series 2018 B, RB | 5.50% | 08/15/2057 | 1,000 | 1,235,247 | ||
| Oklahoma (State of) Development Finance Authority (Provident Oklahoma Education Resources, Inc.-Cross Village Student Housing); Series 2017, RB(e) | 5.00% | 08/01/2052 | 1,750 | 26,250 | ||
| Payne (County of), OK Economic Development Authority (Epworth Living at the Ranch); Series 2016 A, RB(e) | 7.00% | 11/01/2051 | 665 | 3,327 | ||
| Tulsa (City of), OK Municipal Airport Trust; Series 2001 C, Ref. RB(n) | 5.50% | 12/01/2035 | 2,500 | 2,656,139 | ||
| 3,930,632 | ||||||
| Pennsylvania–1.65% | ||||||
| Lehigh (County of), PA General Purpose Authority (Bible Fellowship Church Homes, Inc.); Series 2013, RB | 5.25% | 07/01/2042 | 1,000 | 1,013,465 | ||
| Montgomery (County of), PA Industrial Development Authority (Philadelphia Presbytery Homes, Inc.); Series 2010, RB(b)(c) | 6.63% | 12/01/2021 | 1,000 | 1,000,000 | ||
| Pennsylvania (Commonwealth of); First Series 2014, GO Bonds(d) | 5.00% | 06/15/2034 | 3,000 | 3,328,541 | ||
| Philadelphia (City of), PA Industrial Development Authority (First Philadelphia Preparatory Charter School); Series 2014 A, RB | 7.25% | 06/15/2043 | 750 | 850,081 | ||
| 6,192,087 | ||||||
| Puerto Rico–6.39% | ||||||
| Children’s Trust Fund; | ||||||
| Series 2002, RB | 5.50% | 05/15/2039 | 500 | 513,382 | ||
| Series 2002, RB | 5.63% | 05/15/2043 | 1,000 | 1,005,872 | ||
| Series 2005 A, RB(j) | 0.00% | 05/15/2050 | 27,000 | 4,379,800 | ||
| Puerto Rico (Commonwealth of) Electric Power Authority; | ||||||
| Series 2007 TT, RB(e) | 5.00% | 07/01/2037 | 495 | 487,575 | ||
| Series 2007 VV, Ref. RB (INS - NATL)(h) | 5.25% | 07/01/2035 | 1,000 | 1,092,431 | ||
| Series 2010 XX, RB(e) | 5.25% | 07/01/2040 | 2,300 | 2,271,250 | ||
| Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority; Series 2000, RB(n) | 6.63% | 06/01/2026 | 1,000 | 1,035,000 | ||
| Puerto Rico (Commonwealth of) Public Buildings Authority (Government Facilities); Series 2007 M-3, Ref. RB (INS - NATL)(h) | 6.00% | 07/01/2024 | 1,000 | 1,011,158 | ||
| Puerto Rico Sales Tax Financing Corp.; | ||||||
| Series 2018 A-1, RB(j) | 0.00% | 07/01/2046 | 10,650 | 3,561,396 | ||
| Series 2018 A-1, RB(j) | 0.00% | 07/01/2051 | 28,462 | 6,889,019 | ||
| Series 2018 A-1, RB | 5.00% | 07/01/2058 | 1,500 | 1,722,086 | ||
| 23,968,969 | ||||||
| South Carolina–1.29% | ||||||
| South Carolina (State of) Jobs-Economic Development Authority (High Point Academy Project); Series 2018 A, RB(i) | 5.75% | 06/15/2039 | 1,500 | 1,739,332 | ||
| South Carolina (State of) Jobs-Economic Development Authority (South Carolina Episcopal Home at Still Hopes); Series 2018 A, Ref. RB | 5.00% | 04/01/2048 | 2,000 | 2,157,614 | ||
| South Carolina (State of) Jobs-Economic Development Authority (Virtus Academy); Series 2021 A, RB(i) | 5.00% | 06/15/2056 | 900 | 927,895 | ||
| 4,824,841 | ||||||
| Tennessee–0.90% | ||||||
| Bristol (City of), TN Industrial Development Board (Pinnacle); Series 2016, RB | 5.63% | 06/01/2035 | 1,000 | 1,050,300 | ||
| Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor); | ||||||
| Series 2013 A, Ref. RB | 5.50% | 09/01/2047 | 1,600 | 1,590,021 | ||
| Series 2016 A, Ref. RB(i) | 5.00% | 09/01/2031 | 750 | 742,002 | ||
| 3,382,323 | ||||||
| Texas–7.51% | ||||||
| Arlington Higher Education Finance Corp. (Legacy Traditional Schools); Series 2021, Ref. RB | 4.50% | 02/15/2056 | 1,000 | 1,018,840 | ||
| Arlington Higher Education Finance Corp. (Universal Academy); Series 2014 A, RB | 7.13% | 03/01/2044 | 800 | 872,241 | ||
| Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC); Series 2019, RB(n) | 7.00% | 03/01/2039 | 1,200 | 1,330,644 | ||
| Houston (City of), TX (Continental Airlines, Inc.); Series 2011 A, Ref. RB(n) | 6.63% | 07/15/2038 | 1,000 | 1,006,026 | ||
| Houston (City of), TX Airport System (United Airlines, Inc. Terminal E); Series 2014, Ref. RB(n) | 4.75% | 07/01/2024 | 660 | 699,664 | ||
See accompanying notes which are an integral part of this schedule.
Invesco Municipal Income Opportunities Trust
| Interest Rate | Maturity Date | Principal Amount (000) | Value | |||
| Texas–(continued) | ||||||
| La Vernia Higher Education Finance Corp. (Meridian World School); Series 2015 A, RB(b)(c)(i) | 5.50% | 08/15/2024 | $ 750 | $ 849,886 | ||
| Mission Economic Development Corp. (Natgasoline); Series 2018, Ref. RB(i)(n) | 4.63% | 10/01/2031 | 1,500 | 1,577,838 | ||
| New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community); | ||||||
| Series 2016, Ref. RB | 4.00% | 07/01/2028 | 1,360 | 1,386,785 | ||
| Series 2016, Ref. RB | 5.00% | 07/01/2046 | 2,600 | 2,661,820 | ||
| New Hope Cultural Education Facilities Finance Corp. (Longhorn Village); Series 2017, Ref. RB | 5.00% | 01/01/2047 | 1,000 | 1,071,395 | ||
| New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford); | ||||||
| Series 2016 A, RB | 5.50% | 11/15/2046 | 400 | 428,192 | ||
| Series 2016 A, RB | 5.50% | 11/15/2052 | 1,500 | 1,600,850 | ||
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North); Series 2018, Ref. RB | 5.25% | 10/01/2049 | 2,000 | 2,180,676 | ||
| North Texas Tollway Authority; Series 2011 B, RB(b)(c)(j) | 0.00% | 09/01/2031 | 7,000 | 3,964,260 | ||
| Rowlett (City of), TX (Bayside Public Improvement District North Improvement Area); Series 2016, RB | 6.00% | 09/15/2046 | 450 | 465,801 | ||
| Sanger Industrial Development Corp. (Texas Pellets); Series 2012 B, RB (Acquired 09/04/2012; Cost $990,000)(e)(f)(n)(o) | 8.00% | 07/01/2038 | 990 | 247,500 | ||
| Tarrant County Cultural Education Facilities Finance Corp. (Buckner Senior Living - Ventana); | ||||||
| Series 2017, RB | 6.75% | 11/15/2047 | 1,500 | 1,693,992 | ||
| Series 2017, RB | 6.75% | 11/15/2052 | 1,000 | 1,124,132 | ||
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home); Series 2017 A, RB (Acquired 12/15/2016; Cost $1,004,781)(e)(f) | 6.38% | 02/15/2052 | 1,000 | 700,000 | ||
| Tarrant County Cultural Education Facilities Finance Corp. (Stayton at Museum Way); Series 2020, RB | 5.75% | 12/01/2054 | 913 | 977,336 | ||
| Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes); Series 2019 A, Ref. RB | 4.00% | 12/31/2038 | 1,000 | 1,164,184 | ||
| Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC); Series 2013, RB(n) | 6.75% | 06/30/2043 | 1,000 | 1,108,208 | ||
| 28,130,270 | ||||||
| Utah–0.97% | ||||||
| Salt Lake City (City of), UT; Series 2018 A, RB(d)(n) | 5.00% | 07/01/2043 | 3,000 | 3,622,880 | ||
| Virgin Islands–0.66% | ||||||
| Virgin Islands (Government of) Public Finance Authority (Matching Fund Loan Note); Series 2010 B, RB | 5.25% | 10/01/2029 | 2,500 | 2,478,906 | ||
| Virginia–0.51% | ||||||
| Ballston Quarter Communities Development Authority; Series 2016 A, RB | 5.38% | 03/01/2036 | 1,000 | 907,868 | ||
| Tobacco Settlement Financing Corp.; Series 2007 B-2, RB | 5.20% | 06/01/2046 | 1,000 | 1,000,759 | ||
| 1,908,627 | ||||||
| Washington–1.74% | ||||||
| King (County of), WA Public Hospital District No. 4; Series 2015 A, RB | 6.25% | 12/01/2045 | 1,000 | 1,112,048 | ||
| King (County of), WA Public Hospital District No. 4 (Snoqualmie Valley Hospital); Series 2011, Ref. GO Bonds(b)(c) | 7.00% | 12/01/2021 | 1,000 | 1,000,000 | ||
| Washington (State of) Convention Center Public Facilities District; Series 2018, RB(d) | 5.00% | 07/01/2048 | 3,000 | 3,611,169 | ||
| Washington (State of) Housing Finance Commission (Heron’s Key Senior Living); Series 2015 A, RB(i) | 7.00% | 07/01/2050 | 740 | 809,979 | ||
| 6,533,196 | ||||||
| West Virginia–1.62% | ||||||
| Harrison (County of), WV County Commission (Charles Pointe Economic Opportunity Development District); Series 2019 A, RB(i) | 5.75% | 06/01/2042 | 1,500 | 1,703,509 | ||
| Kanawha (County of), WV (The West Virginia State University Foundation); Series 2013, RB(b)(c) | 6.75% | 07/01/2023 | 1,000 | 1,099,047 | ||
| Monongalia (County of), WV Commission Special District (University Town Centre Economic Opportunity Development District); Series 2017 A, Ref. RB(i) | 5.75% | 06/01/2043 | 2,000 | 2,294,286 | ||
| West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC); | ||||||
| Series 2016, RB(i)(n) | 7.25% | 02/01/2036 | 750 | 722,961 | ||
| Series 2018, RB(i)(n) | 8.75% | 02/01/2036 | 240 | 256,012 | ||
| 6,075,815 | ||||||
| Wisconsin–5.91% | ||||||
| Public Finance Authority (Ascend Leadership Academy); Series 2021 A, RB(i) | 5.00% | 06/15/2056 | 1,400 | 1,442,491 | ||
| Public Finance Authority (Cross Creek Public Improvement District); Series 2019, RB(i) | 5.75% | 10/01/2053 | 990 | 1,148,050 | ||
| Public Finance Authority (Searstone CCRC); Series 2021 A, Ref. RB | 4.00% | 06/01/2036 | 1,000 | 1,044,709 | ||
| Wisconsin (State of) Center District; Series 2020 D, RB (INS - AGM)(h)(j) | 0.00% | 12/15/2060 | 5,000 | 1,152,940 | ||
See accompanying notes which are an integral part of this schedule.
Invesco Municipal Income Opportunities Trust
| Interest Rate | Maturity Date | Principal Amount (000) | Value | |||
| Wisconsin–(continued) | ||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension Senior Credit Group); Series 2016 A, Ref. RB(d) | 5.00% | 11/15/2039 | $ 3,000 | $ 3,520,512 | ||
| Wisconsin (State of) Public Finance Authority (Alabama Proton Therapy Center); Series 2017 A, RB(i) | 6.85% | 10/01/2047 | 2,000 | 2,038,649 | ||
| Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands); Series 2017, RB(i) | 7.00% | 12/01/2050 | 1,900 | 2,088,628 | ||
| Wisconsin (State of) Public Finance Authority (Delray Beach Radiation Therapy Center); Series 2017 A, RB(i) | 6.85% | 11/01/2046 | 1,000 | 1,031,602 | ||
| Wisconsin (State of) Public Finance Authority (Explore Academy); Series 2018 A, RB(i) | 6.13% | 02/01/2048 | 1,000 | 1,098,801 | ||
| Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center); Series 2018 A-1, RB(i) | 6.25% | 01/01/2038 | 1,000 | 803,870 | ||
| Wisconsin (State of) Public Finance Authority (Million Air Two LLC General Aviation Facilities); Series 2017 A, RB(n) | 7.25% | 06/01/2035 | 2,500 | 2,662,666 | ||
| Wisconsin (State of) Public Finance Authority (New Plan Learning, Inc.); Series 2021 A, Ref. RB | 5.00% | 07/01/2041 | 1,000 | 1,069,864 | ||
| Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.); Series 2018 A, RB | 5.20% | 12/01/2037 | 1,500 | 1,791,277 | ||
| Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences); Series 2015, Ref. RB | 5.88% | 04/01/2045 | 660 | 746,546 | ||
| Wisconsin (State of) Public Finance Authority (Voyager Foundation, Inc.); Series 2012 A, RB(b)(c) | 6.20% | 10/01/2022 | 500 | 524,799 | ||
| 22,165,404 | ||||||
| TOTAL INVESTMENTS IN SECURITIES(p)–128.24% (Cost $436,217,326) | 480,643,792 | |||||
| FLOATING RATE NOTE OBLIGATIONS–(20.06)% | ||||||
| Notes with interest and fee rates ranging from 0.59% to 0.77% at 11/30/2021 and contractual maturities of collateral ranging from 11/01/2023 to 04/01/2056(q) | (75,180,000) | |||||
| VARIABLE RATE MUNI TERM PREFERRED SHARES–(8.00)% | (29,982,524) | |||||
| OTHER ASSETS LESS LIABILITIES–(0.18)% | (679,661) | |||||
| NET ASSETS APPLICABLE TO COMMON SHARES–100.00% | $374,801,607 | |||||
Investment Abbreviations:
| AGM | – Assured Guaranty Municipal Corp. |
| AMBAC | – American Municipal Bond Assurance Corp. |
| COP | – Certificates of Participation |
| Ctfs. | – Certificates |
| GO | – General Obligation |
| IDR | – Industrial Development Revenue Bonds |
| INS | – Insurer |
| LOC | – Letter of Credit |
| NATL | – National Public Finance Guarantee Corp. |
| RB | – Revenue Bonds |
| Ref. | – Refunding |
| VRD | – Variable Rate Demand |
| Wts. | – Warrants |
See accompanying notes which are an integral part of this schedule.
Invesco Municipal Income Opportunities Trust
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) | Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral. |
| (c) | Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. |
| (d) | Underlying security related to TOB Trusts entered into by the Trust. |
| (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, 2021 was $6,728,810, which represented 1.80% of the Trust’s Net Assets. |
| (f) | Restricted security. The aggregate value of these securities at November 30, 2021 was $4,473,872, which represented 1.19% of the Trust’s Net Assets. |
| (g) | Convertible capital appreciation bond. The interest rate shown represents the coupon rate at which the bond will accrue at a specified future date. |
| (h) | Principal and/or interest payments are secured by the bond insurance company listed. |
| (i) | 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, 2021 was $65,419,493, which represented 17.45% of the Trust’s Net Assets. |
| (j) | Zero coupon bond issued at a discount. |
| (k) | 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, 2021. |
| (l) | Principal and interest payments are fully enhanced by a letter of credit from the bank listed or a predecessor bank, branch or subsidiary. |
| (m) | 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 $14,505,000. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the TOB Trusts. |
| (n) | Security subject to the alternative minimum tax. |
| (o) | Security valued using significant unobservable inputs (Level 3). See Note 1. |
| (p) | 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. |
| (q) | Floating rate note obligations related to securities held. The interest and fee rates shown reflect the rates in effect at November 30, 2021. At November 30, 2021, the Trust’s investments with a value of $122,602,731 are held by TOB Trusts and serve as collateral for the $75,180,000 in the floating rate note obligations outstanding at that date. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Invesco Municipal Income Opportunities Trust
Notes to Quarterly Schedule of Portfolio Holdings
November 30, 2021
(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 or are unreliable. 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 the Trust’s own 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, 2021. 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 | $— | $479,546,923 | $1,096,869 | $480,643,792 |
| Other Investments - Assets | ||||
| Investments Matured | — | 2,873,063 | — | 2,873,063 |
| Total Investments | $— | $482,419,986 | $1,096,869 | $483,516,855 |
Invesco Municipal Income Opportunities Trust