NPORT-EX 2 edgar.htm HTML

Schedule of Investments

May 31, 2022

(Unaudited)

 

      Interest
Rate		      Maturity
Date		      Principal
Amount
(000)		      Value  

Municipal Obligations–167.81%(a)

           

California–161.41%

            

ABAG Finance Authority for Nonprofit Corps. (Sharp Healthcare); Series 2014 A, RB

      5.00%        08/01/2043      $       2,000      $     2,049,898  

Alhambra Unified School District (Election of 2004);

            

Series 2009 B, GO Bonds (INS - AGC)(b)(c)

     0.00%        08/01/2035        1,120        720,030  

Series 2009 B, GO Bonds (INS - AGC)(b)(c)

     0.00%        08/01/2036        1,805        1,114,751  

Anaheim City School District (Election of 2002); Series 2007, GO Bonds (INS - NATL)(b)(c)

     0.00%        08/01/2024        4,970        4,709,200  

Bay Area Toll Authority; Series 2021 F-2, Ref. RB

      2.60%        04/01/2056        8,000        5,842,701  

Bay Area Toll Authority (San Francisco Bay Area);

            

Series 2017 F-1, RB(d)(e)(f)(g)

     5.00%        04/01/2056        6,600        7,471,073  

Series 2017, Ref. RB

      4.00%        04/01/2037        3,365        3,484,817  

Series 2017, Ref. RB

      4.00%        04/01/2049        1,240        1,252,532  

Bay Area Water Supply & Conservation Agency; Series 2013 A, RB(d)

     5.00%        10/01/2034        3,500        3,598,086  

Beverly Hills Unified School District (Election of 2008);

            

Series 2009, GO Bonds(c)

     0.00%        08/01/2026        1,245        1,123,196  

Series 2009, GO Bonds(c)

     0.00%        08/01/2028        3,000        2,535,687  

Series 2009, GO Bonds(c)

     0.00%        08/01/2031        2,010        1,524,464  

Series 2009, GO Bonds(c)

     0.00%        08/01/2032        430        314,100  

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

     0.00%        06/01/2055        22,950        1,989,696  

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

            

Series 2020 A, Ref. RB

      4.00%        06/01/2040        600        606,271  

Series 2020 A, Ref. RB

      4.00%        06/01/2049        1,000        1,003,399  

Series 2020 A, Ref. RB

      4.00%        06/01/2049        290        275,294  

Series 2020 B-1, Ref. RB

      5.00%        06/01/2049        395        417,652  

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

     0.00%        06/01/2055        10,000        1,802,685  

California (County of), CA Tobacco Securitization Agency (Stanislaus County Tobacco Funding Corp.); Series 2006 A, RB(c)

     0.00%        06/01/2046        10,000        2,565,926  

California (State of);

            

Series 2013, Ref. GO Bonds

      5.25%        09/01/2030        5,000        5,214,798  

Series 2016, GO Bonds(g)

     5.00%        09/01/2045        6,600        7,143,019  

Series 2017, Ref. GO Bonds

      5.00%        08/01/2035        2,630        2,891,188  

Series 2020, Ref. GO Bonds

      3.00%        11/01/2040        1,500        1,416,158  

California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - Orange Coast College); Series 2018, RB

      5.25%        05/01/2048        1,335        1,352,526  

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

     5.00%        04/01/2049        4,145        4,013,843  

California (State of) Community Housing Agency (Serenity at Larkspur); Series 2020 A, RB(h)

     5.00%        02/01/2050        1,500        1,479,977  

California (State of) Community Housing Agency (Verdant at Green Valley); Series 2019 A, RB(h)

     5.00%        08/01/2049        2,640        2,616,569  

California (State of) County Tobacco Securitization Agency (Merced County Tobacco Funding Corp.); Series 2020, Ref. RB

      5.00%        06/01/2050        730        764,463  

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

            

Series 2020, Ref. RB

      4.00%        06/01/2049        370        351,237  

Series 2020, Ref. RB

      5.00%        06/01/2049        1,135        1,203,490  

Series 2020, Ref. RB(c)

     0.00%        06/01/2055        2,950        688,182  

California (State of) Department of Water Resources (Central Valley); Series 2012 AN, RB(d)(e)

     5.00%        12/01/2022        1,600        1,629,383  

California (State of) Educational Facilities Authority (Art Center College of Design); Series 2018 A, Ref. RB

      5.00%        12/01/2044        2,500        2,670,253  

California (State of) Educational Facilities Authority (Chapman University); Series 2015, RB

      5.00%        04/01/2045        2,180        2,308,222  

California (State of) Educational Facilities Authority (Loma Linda University); Series 2017 A, Ref. RB

      5.00%        04/01/2042        3,285        3,560,032  

California (State of) Educational Facilities Authority (Stanford University); Series 2010, RB(g)

     5.25%        04/01/2040        8,940        11,513,638  

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

     4.00%        08/15/2050        12,000        12,023,326  

California (State of) Health Facilities Financing Authority (Children’s Hospital Los Angeles); Series 2017 A, Ref. RB

      5.00%        08/15/2047        3,285        3,454,405  

California (State of) Health Facilities Financing Authority (Commonspirit Health); Series 2020 A, Ref. RB

      4.00%        04/01/2049        2,940          2,874,372  

 

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

Invesco California Value Municipal Income Trust

      Interest
Rate		      Maturity
Date		      Principal
Amount
(000)		      Value  

California–(continued)

            

California (State of) Health Facilities Financing Authority (Lucile Salter Packard Children’s Hospital at Stanford);

            

Series 2012, RB(g)

     5.00%        08/15/2051      $     12,000      $   12,093,566  

Series 2017, RB

      4.00%        11/15/2047        1,090        1,092,941  

California (State of) Health Facilities Financing Authority (On Lok Senior Health Services) (Social Bonds); Series 2020, Ref. RB

      5.00%        08/01/2055        1,130        1,216,402  

California (State of) Health Facilities Financing Authority (St. Joseph Health System); Series 2013 A, RB(d)(e)

     5.00%        07/01/2023        5,000        5,179,391  

California (State of) Housing Finance Agency;

            

Series 2019 A-1, RB

      4.25%        01/15/2035        3,171        3,211,085  

Series 2019 A-2, RB

      4.00%        03/20/2033        3,531        3,534,136  

Series 2021 A, RB

      3.25%        08/20/2036        3,970        3,705,132  

Series 2021-1, Class A, Ctfs.

      3.50%        11/20/2035        1,568        1,504,061  

California (State of) Infrastructure & Economic Development Bank; Series 2003 A, RB(d)(e)

     5.00%        01/01/2028        1,500        1,693,849  

California (State of) Infrastructure & Economic Development Bank (Independent System Operator Corp.); Series 2013, Ref. RB(d)(e)

     5.00%        02/01/2023        3,000        3,069,838  

California (State of) Infrastructure & Economic Development Bank (Sustainability Bonds); Series 2021 B, RB

      4.00%        05/01/2046        1,210        1,219,352  

California (State of) Municipal Finance Authority; Series 2020 A, RB

      4.00%        09/01/2040        1,450        1,425,833  

California (State of) Municipal Finance Authority (Albert Einstein Academies); Series 2013, RB(d)(e)

     6.75%        08/01/2023        1,555        1,645,389  

California (State of) Municipal Finance Authority (American Heritage Education Foundation); Series 2016 A, Ref. RB

      5.00%        06/01/2046        2,250        2,319,713  

California (State of) Municipal Finance Authority (Bella Mente Montessori Academy);

            

Series 2018 A, RB(h)

     5.00%        06/01/2038        560        569,862  

Series 2018 A, RB(h)

     5.00%        06/01/2048        1,340        1,346,889  

California (State of) Municipal Finance Authority (Bold Program);

            

Series 2020 B, RB

      4.00%        09/01/2043        315        305,281  

Series 2020 B, RB

      4.00%        09/01/2050        455        429,129  

Series 2021 A, RB

      4.00%        09/01/2046        1,095        1,039,326  

Series 2021 C, RB

      4.00%        09/01/2046        1,300        1,222,744  

Series 2021 C, RB

      4.00%        09/01/2051        1,800        1,669,831  

California (State of) Municipal Finance Authority (California Baptist University); Series 2016 A, RB(h)

     5.00%        11/01/2046        1,200        1,253,011  

California (State of) Municipal Finance Authority (Caritas Affordable Housing, Inc.);

            

Series 2014 A, RB

      5.25%        08/15/2049        3,700        3,793,361  

Series 2014 B, RB

      5.88%        08/15/2049        295        300,172  

California (State of) Municipal Finance Authority (Caritas Projects); Series 2017 A, Ref. RB

      4.00%        08/15/2042        2,055        2,032,830  

California (State of) Municipal Finance Authority (Caritas); Series 2021 B, Ref. RB

      4.00%        08/15/2056        995        817,730  

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

      5.00%        05/15/2043        3,350        3,469,389  

California (State of) Municipal Finance Authority (CHF-Riverside II, LLC - UCR North District Phase I Student Housing); Series 2019, RB (INS - BAM)(b)

     5.00%        05/15/2049        2,840        2,995,520  

California (State of) Municipal Finance Authority (Community Medical Centers);

            

Series 2017 A, Ref. RB

      5.00%        02/01/2042        375        397,031  

Series 2017 A, Ref. RB

      5.00%        02/01/2047        3,620        3,812,711  

California (State of) Municipal Finance Authority (Eisenhower Medical Centers); Series 2017 A, Ref. RB

      5.00%        07/01/2047        1,500        1,540,922  

California (State of) Municipal Finance Authority (Humangood Obligation Group); Series 2019 A, Ref. RB

      5.00%        10/01/2044        3,305        3,422,149  

California (State of) Municipal Finance Authority (Linxs APM); Series 2018 A, RB(i)

     5.00%        12/31/2038        3,995        4,203,500  

California (State of) Municipal Finance Authority (Mt. San Antonio Gardens); Series 2019, Ref. RB

      5.00%        11/15/2049        1,200        1,242,988  

California (State of) Municipal Finance Authority (Orange County Civic Center); Series 2017 A, RB(g)

     5.00%        06/01/2042        10,380        11,292,260  

California (State of) Municipal Finance Authority (Palmdale Aerospace Academy (The)); Series 2018 A, RB(h)

     5.00%        07/01/2049        1,200        1,213,110  

California (State of) Municipal Finance Authority (Santa Rosa Academy); Series 2022, Ref. RB

      5.00%        07/01/2062        3,810        3,827,823  

California (State of) Municipal Finance Authority (Touro College and University System); Series 2014 A, RB

      5.25%        01/01/2040        1,150        1,175,847  

California (State of) Municipal Finance Authority (Town and Country Manor); Series 2019, Ref. RB (INS - Cal-Mortgage)(b)

     5.00%        07/01/2049        2,035        2,258,817  

 

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

Invesco California Value Municipal Income Trust

      Interest
Rate		      Maturity
Date		      Principal
Amount
(000)		      Value  

California–(continued)

            

California (State of) Municipal Finance Authority (UCR North District Phase 1 Student Housing);

                                    

Series 2019, RB (INS - BAM)(b)

     5.00%        05/15/2023      $          400      $        412,564  

Series 2019, RB (INS - BAM)(b)

     5.00%        05/15/2025        500        527,675  

Series 2019, RB (INS - BAM)(b)

     5.00%        05/15/2052        2,375        2,497,510  

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

     4.00%        07/15/2029        7,120        6,976,480  

California (State of) Municipal Finance Authority (University of La Verne); Series 2017 A, Ref. RB

      5.00%        06/01/2043        1,150        1,233,853  

California (State of) Municipal Finance Authority (William Jessup University);

                                    

Series 2019, Ref. RB

      5.00%        08/01/2039        500        503,858  

Series 2019, Ref. RB

      5.00%        08/01/2048        2,700        2,668,737  

California (State of) Pollution Control Finance Authority;

                                    

Series 2012, RB(h)(i)

     5.00%        07/01/2027        2,215        2,230,177  

Series 2012, RB(h)(i)

     5.00%        07/01/2037        6,000        6,022,929  

California (State of) Public Finance Authority (California Crosspoint Academy); Series 2020 A, RB(h)

     5.13%        07/01/2055        2,000        1,851,907  

California (State of) Public Finance Authority (Enso Village) (Green Bonds); Series 2021, RB(h)

     5.00%        11/15/2056        1,000        990,236  

California (State of) Public Finance Authority (Henry Mayo Newhall Hospital); Series 2017, Ref. RB

      5.00%        10/15/2047        2,750        2,837,501  

California (State of) Public Works Board (Judicial Council of California); Series 2013 A, RB

      5.00%        03/01/2038        5,450        5,567,134  

California (State of) Public Works Board (Various Capital); Series 2012 G, Ref. RB(d)

     5.00%        11/01/2032        1,500        1,523,228  

California (State of) Public Works Board (Various State Universities);

                                    

Series 2013 H, RB(d)(e)

     5.00%        09/01/2023        8,345        8,694,788  

Series 2013 H, RB(d)(e)

     5.00%        09/01/2023        2,000        2,083,832  

California (State of) School Finance Authority (Alliance for College-Ready Public Schools);

                                    

Series 2013 A, RB

      6.30%        07/01/2043        2,000        2,056,848  

Series 2015, RB(h)

     5.00%        07/01/2045        2,635        2,711,833  

California (State of) School Finance Authority (Aspire Public School);

                                    

Series 2015 A, Ref. RB(h)

     5.00%        08/01/2045        600        619,402  

Series 2016, Ref. RB(d)(e)(h)

     5.00%        08/01/2025        130        141,603  

Series 2016, Ref. RB(h)

     5.00%        08/01/2046        1,370        1,413,204  

California (State of) School Finance Authority (Classical Academies Oceanside); Series 2022 A, RB(h)

     5.00%        10/01/2061        2,000        2,030,810  

California (State of) School Finance Authority (Classical Academies); Series 2020 A, RB(h)

     5.00%        10/01/2050        1,000        1,020,517  

California (State of) School Finance Authority (Granada Hills Charter Obligated Group); Series 2019, RB(h)

     5.00%        07/01/2054        1,900        1,943,032  

California (State of) School Finance Authority (Green Dot Public Schools); Series 2018 A, RB(h)

     5.00%        08/01/2048        1,750        1,816,979  

California (State of) School Finance Authority (KIPP LA);

                                    

Series 2014 A, RB

      5.00%        07/01/2034        600        616,048  

Series 2014 A, RB

      5.13%        07/01/2044        750        768,995  

Series 2015 A, RB(h)

     5.00%        07/01/2045        1,150        1,183,869  

California (State of) School Finance Authority (KIPP SoCal Public Schools); Series 2019 A, RB(h)

     5.00%        07/01/2039        750        802,420  

California (State of) School Finance Authority (New Designs Charter School);

                                    

Series 2012 A, RB

      5.25%        06/01/2032        3,080        3,083,557  

Series 2012, RB

      5.50%        06/01/2042        450        450,449  

California (State of) Statewide Communities Development Authority;

                                    

Series 2017, RB

      5.00%        09/02/2037        650        690,656  

Series 2017, RB

      5.00%        09/02/2046        715        749,868  

Series 2020 B, RB

      4.00%        09/02/2050        185        173,907  

Series 2020, RB

      4.00%        09/01/2040        175        170,767  

Series 2020, RB

      4.00%        09/01/2050        360        338,415  

Series 2020, RB

      4.00%        09/01/2050        1,035        976,151  

Series 2020, RB

      4.00%        09/01/2050        625        588,494  

Series 2020, RB

      4.00%        09/01/2050        585        549,925  

Series 2020, RB

      5.00%        09/02/2050        805        849,959  

California (State of) Statewide Communities Development Authority (Adventist Health System);

                                    

Series 2015, Ref. RB

      5.00%        03/01/2033        1,730        1,833,227  

Series 2015, Ref. RB

      5.00%        03/01/2045        5,585        5,857,547  

California (State of) Statewide Communities Development Authority (Alliance for College-Ready Public Schools - 47th and Main); Series 2012 A, RB

      6.38%        07/01/2047        2,060        2,064,732  

California (State of) Statewide Communities Development Authority (California Baptist University);

                                    

Series 2014 A, RB

      6.38%        11/01/2043        4,035        4,198,060  

Series 2017 A, Ref. RB(h)

     5.00%        11/01/2041        1,000        1,060,198  

California (State of) Statewide Communities Development Authority (Delta Coves); Series 2022, RB

      5.50%        09/01/2052        2,000        2,076,531  

 

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

Invesco California Value Municipal Income Trust

      Interest
Rate		      Maturity
Date		      Principal
Amount
(000)		      Value  

California–(continued)

            

California (State of) Statewide Communities Development Authority (Emanate Health); Series 2020 A, RB

      4.00%        04/01/2045      $       2,000      $     1,983,698  

California (State of) Statewide Communities Development Authority (Eskaton Properties, Inc.); Series 2012, RB

      5.25%        11/15/2034        1,500        1,506,328  

California (State of) Statewide Communities Development Authority (Front Porch Communities & Services); Series 2017, Ref. RB

      5.00%        04/01/2047        4,580        4,776,224  

California (State of) Statewide Communities Development Authority (Henry Mayo Newhall Memorial Hospital); Series 2014 A, RB(d)(e)

     5.25%        10/01/2024        1,500        1,611,300  

California (State of) Statewide Communities Development Authority (Improvement Area No. 1);

                                    

Series 2021, RB

      4.00%        09/01/2041        200        193,943  

Series 2021, RB

      4.00%        09/01/2051        380        355,472  

California (State of) Statewide Communities Development Authority (John Muir Health); Series 2016 A, Ref. RB

      5.00%        08/15/2051        1,250        1,311,958  

California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing);

                                    

Series 2016, Ref. RB(h)

     5.00%        06/01/2046        2,000        2,053,869  

Series 2019, RB(h)

     5.00%        06/01/2039        375        392,794  

Series 2019, RB(h)

     5.00%        06/01/2051        1,145        1,181,813  

California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center); Series 2014, RB

      5.50%        12/01/2054        3,500        3,601,219  

California (State of) Statewide Communities Development Authority (Methodist Hospital of Southern California); Series 2018; RB

      5.00%        01/01/2048        1,005        1,059,633  

California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts);

                                    

Series 2019, RB(h)

     5.25%        07/01/2039        910        878,131  

Series 2019, RB(h)

     5.25%        07/01/2049        2,500        2,313,205  

California (State of) Statewide Communities Development Authority (Pacific Highlands Ranch); Series 2019, RB

      5.00%        09/02/2049        1,000        1,066,989  

California (State of) Statewide Communities Development Authority (University of California - Irvine East Campus Apartments, Phase IV-A - CHF-Irvine, LLC); Series 2017, RB

      5.00%        05/15/2050        3,500        3,666,992  

California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program); Series 2006 A, RB(c)

     0.00%        06/01/2046        17,000        3,882,883  

California State University; Series 2012 A, RB(g)

     5.00%        11/01/2037        2,010        2,041,125  

Calimesa (City of), CA Community Facilities District No. 2018-1 (Summerwind Trails);

                                    

Series 2020, RB

      4.00%        09/01/2045        260        249,897  

Series 2020, RB

      4.00%        09/01/2050        250        236,174  

Cerritos Community College District (Election of 2012); Series 2018 B, GO Bonds

      4.00%        08/01/2043        3,665        3,759,290  

Chino (City of), CA Community Facilities District (Improvement Area No. 8);

                                    

Series 2021, RB

      4.00%        09/01/2046        1,000        946,283  

Series 2021, RB

      4.00%        09/01/2051        1,250        1,169,315  

Chino Community Facilities District;

                                    

Series 2020, RB

      4.00%        09/01/2040        75        73,186  

Series 2020, RB

      4.00%        09/01/2051        295        275,958  

Chino Valley Unified School District; Series 2022-XF1299, GO Bonds(g)

     4.00%        08/01/2055        10,000        10,178,098  

Chino Valley Unified School District (Election of 2016); Series 2020 B, GO Bonds(g)

     5.00%        08/01/2055        10,385        11,712,869  

Chula Vista (City of), CA Community Facilities District; Series 2021, RB

      4.00%        09/01/2051        300        279,700  

Clovis Unified School District (Election of 2004); Series 2004 A, GO Bonds (INS - NATL)(b)(c)

     0.00%        08/01/2029        625        506,209  

Compton (City of), CA; Series 2009, RB

      6.00%        08/01/2039        1,750        1,754,130  

Corona Community Facilities District (Bedford Improvement Area No. 1);

                                    

Series 2020, RB

      4.00%        09/01/2040        115        113,083  

Series 2020, RB

      4.00%        09/01/2045        190        182,617  

Series 2020, RB

      4.00%        09/01/2050        420        396,772  

Corona-Norco Unified School District (Community Facilities District No. 17-1); Series 2020, RB

      4.00%        09/01/2050        150        141,704  

Corona-Norco Unified School District (Community Facilities District No. 98-1);

                                    

Series 2013, Ref. RB(d)(e)

     5.00%        09/01/2023        1,000        1,041,282  

Series 2013, Ref. RB(d)(e)

     5.00%        09/01/2023        1,000        1,041,282  

Series 2013, Ref. RB(d)(e)

     5.00%        09/01/2023        1,720        1,791,005  

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

      6.50%        12/15/2047        1,750        1,750,746  

 

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

Invesco California Value Municipal Income Trust

      Interest
Rate		      Maturity
Date		      Principal
Amount
(000)		      Value  

California–(continued)

            

Dry Creek Joint Elementary School District (Election of 2008-Measure E);

            

Series 2009, GO Bonds(c)

     0.00%        08/01/2039      $       4,420      $     2,336,751  

Series 2009, GO Bonds(c)

     0.00%        08/01/2048        2,860        997,731  

Eastern Municipal Water District (Community Facilities District No. 2012-61);

            

Series 2020, RB

      4.00%        09/01/2027        95        98,453  

Series 2020, RB

      4.00%        09/01/2028        95        98,493  

Series 2020, RB

      4.00%        09/01/2050        350        329,557  

Eastern Municipal Water District (Community Facilities District No. 2016-75); Series 2021, RB

      4.00%        09/01/2050        155        145,946  

El Segundo Unified School District (Election of 2008);

            

Series 2009 A, GO Bonds(c)

     0.00%        08/01/2031        2,735        2,050,142  

Series 2009 A, GO Bonds(c)

     0.00%        08/01/2033        615        426,947  

Elsinore Valley Municipal Water District; Series 2021 A, RB(h)

     4.50%        09/01/2051        990        879,939  

Escondido Union School District (Election of 2014); Series 2018 B, GO Bonds

      4.00%        08/01/2047        3,310        3,357,061  

Etiwanda School District Community Facilities District No. 2018-1 (Day Creek Square Public Facilities);

            

Series 2020, RB

      4.00%        09/01/2045        215        197,243  

Series 2020, RB

      4.00%        09/01/2050        295        265,521  

Folsom Ranch Financing Authority; Series 2022, RB

      5.00%        09/01/2052        2,860        2,957,932  

Fontana (City of), CA (The Meadows);

            

Series 2020, RB

      4.00%        09/01/2045        220        209,888  

Series 2020, RB

      4.00%        09/01/2050        265        249,111  

Fontana (City of), CA Community Facilities District No. 22 (Sierra Hills South); Series 2014, Ref. RB

      5.00%        09/01/2034        1,000        1,032,390  

Fontana (City of), CA Community Facilities District No. 89 (Belrose); Series 2020, RB

      4.00%        09/01/2045        1,000        954,037  

Foothill-Eastern Transportation Corridor Agency;

            

Series 1995 A, RB(c)(d)

     0.00%        01/01/2027        2,950        2,659,635  

Series 2015, Ref. RB (INS - AGM)(b)(c)

     0.00%        01/15/2035        6,245        3,954,405  

Fremont Community Facilities District No. 1 (Pacific Commons);

            

Series 2015, Ref. RB

      5.00%        09/01/2035        1,880        1,963,646  

Series 2015, Ref. RB

      5.00%        09/01/2045        2,095        2,171,338  

Garden Grove (City of), CA Agency for Community Development; Series 2008, RN

      6.00%        10/01/2027        890        890,749  

Gilroy Unified School District (Election of 2008);

            

Series 2009 A, GO Bonds(c)(d)

     0.00%        08/01/2029        85        70,868  

Series 2009 A, GO Bonds (INS - AGC)(b)(c)

     0.00%        08/01/2029        665        537,088  

Glendale Community College District;

            

Series 2020 B, GO Bonds(c)

     0.00%        02/01/2045        1,285        481,815  

Series 2020 B, GO Bonds

      4.00%        08/01/2050        10,000        10,186,077  

Golden State Tobacco Securitization Corp.;

            

Series 2013 A, RB(d)(e)

     5.00%        06/01/2023        3,000        3,103,305  

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

     0.00%        06/01/2066        14,000        1,852,633  

Grossmont Union High School District (Election of 2004); Series 2006, GO Bonds (INS - NATL)(b)(c)

     0.00%        08/01/2024        3,000        2,839,540  

Imperial (County of), CA Local Transportation Authority; Series 2022 E, Ref. RB (INS - AGM)(b)

     5.00%        06/01/2032        5,000        5,557,026  

Independent Cities Finance Authority;

            

Series 2021, RB (INS - AGM)(b)(h)

     4.00%        06/01/2046        1,825        1,866,468  

Series 2021, RB (INS - AGM)(b)(h)

     4.00%        06/01/2051        1,250        1,278,105  

Inland Empire Tobacco Securitization Corp.;

            

Series 2007 C-1, RB(c)

     0.00%        06/01/2036        15,000        6,025,759  

Series 2007 C-2, RB(c)

     0.00%        06/01/2047        35,000        6,660,206  

Irvine (City of), CA (Reassessment District No. 12-1);

            

Series 2012, RB

      5.00%        09/02/2024        1,145        1,153,513  

Series 2012, RB

      5.00%        09/02/2025        500        503,656  

Irvine (City of), CA (Reassessment District No. 13-1);

            

Series 2013, RB

      5.00%        09/02/2025        355        368,139  

Series 2013, RB

      5.00%        09/02/2026        400        414,710  

Series 2013, RB

      5.00%        09/02/2027        325        336,717  

Series 2013, RB

      5.00%        09/02/2028        350        362,347  

Series 2013, RB

      5.00%        09/02/2029        705        729,625  

Irvine (City of), CA Community Facilities District No. 2013-3 (Great Park Improvement Area No. 1);

            

Series 2014, RB

      5.00%        09/01/2044        1,055        1,088,006  

Series 2014, RB

      5.00%        09/01/2049        1,055        1,087,515  

Irvine Ranch Water District; Series 2016, RB(f)(g)

     5.25%        02/01/2046        8,175        9,089,035  

 

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

Invesco California Value Municipal Income Trust

      Interest
Rate		      Maturity
Date		      Principal
Amount
(000)		      Value  

California–(continued)

            

Irvine Unified School District (Community Facilities District No. 01-1); Series 2015, Ref. RB (INS - BAM)(b)

     5.00%        09/01/2038      $       1,500      $     1,596,749  

Irvine Unified School District (Community Facilities District No. 09-1);

            

Series 2017 B, RB

      5.00%        09/01/2047        500        526,225  

Series 2018 A, Ref. RB

      5.00%        09/01/2049        1,575        1,658,826  

Series 2019 A, RB (INS - BAM)(b)

     4.00%        09/01/2054        1,000        1,018,441  

Jefferson Union High School District (Teacher and Staff Housing);

            

Series 2020, COP (INS - BAM)(b)

     4.00%        08/01/2045        2,300        2,347,368  

Series 2020, COP (INS - BAM)(b)

     4.00%        08/01/2055        2,280        2,325,022  

Jurupa Community Services District;

            

Series 2020 A, RB

      4.00%        09/01/2043        300        290,744  

Series 2020 A, RB

      4.00%        09/01/2050        525        495,149  

Series 2021 A, RB

      4.00%        09/01/2045        290        276,261  

La Quinta (City of), CA Successor Agency to the Redevelopment Agency (Areas No. 1 and 2);

            

Series 2013 A, Ref. RB(d)(e)

     5.00%        09/01/2023        1,000        1,041,282  

Series 2013 A, Ref. RB(d)(e)

     5.00%        09/01/2023        4,000        4,165,129  

Lake Elsinore (City of), CA;

            

Series 2021, RB

      4.00%        09/01/2046        110        100,312  

Series 2021, RB

      4.00%        09/01/2051        120        107,424  

Lake Elsinore Unified School District Community Facilities District; Series 2021, RB

      4.00%        09/01/2050        300        281,550  

Lake Elsinore Unified School District Community Facilities District No. 2006-2 (Improvement Area No. C); Series 2020, RB

      4.00%        09/01/2050        1,680        1,533,482  

Lammersville Joint Unified School District;

            

Series 2020, RB

      4.00%        09/01/2045        135        129,754  

Series 2020, RB

      4.00%        09/01/2049        320        303,271  

Lincoln (City of), CA Community Facilities District No. 2006-1 (Improvement Area No. 1);

            

Series 2021, Ref. RB

      4.00%        09/01/2036        235        235,427  

Series 2021, Ref. RB

      4.00%        09/01/2040        150        147,500  

Long Beach (City of), CA;

            

Series 2010 A, RB

      5.00%        06/01/2040        1,590        1,593,618  

Series 2015, RB

      5.00%        05/15/2026        1,000        1,057,121  

Series 2015, RB

      5.00%        05/15/2045        4,185        4,312,759  

Long Beach (City of), CA (Long Beach Towne Center); Series 2008, RB

      5.75%        10/01/2025        2,000        2,020,151  

Long Beach (City of), CA Bond Finance Authority; Series 2007 A, RB

      5.50%        11/15/2037        1,480        1,774,336  

Long Beach Unified School District; Series 2012, GO Bonds(g)

     5.00%        08/01/2031        11,625        11,693,386  

Los Alamitos Unified School District; Series 2013, GO Bonds(j)

     6.01%        08/01/2040        3,340        3,228,890  

Los Angeles (City of), CA Community Facilities District No. 11; Series 2021, RB

      4.00%        09/01/2046        1,650        1,525,258  

Los Angeles (City of), CA Community Facilities District No. 4 (Playa Vista - Phase 1);

            

Series 2014, Ref. RB

      5.00%        09/01/2029        985        1,044,225  

Series 2014, Ref. RB

      5.00%        09/01/2030        985        1,043,915  

Los Angeles (City of), CA Department of Airports; Series 2022 A, RB(i)

     4.00%        05/15/2049        2,000        2,006,780  

Los Angeles (City of), CA Department of Airports (Los Angeles International Airport);

            

Series 2017 A, RB(i)

     5.00%        05/15/2037        1,500        1,605,855  

Series 2017 A, RB(i)

     5.00%        05/15/2042        1,000        1,064,909  

Series 2019 F, RB(i)

     5.00%        05/15/2044        2,000        2,167,389  

Los Angeles (City of), CA Department of Water & Power;

            

Series 2012 A, RB(d)(g)

     5.00%        07/01/2043        5,250        5,261,174  

Series 2012 B, RB(g)

     5.00%        06/01/2032        10,000        10,000,000  

Los Angeles County Schools Regionalized Business Services Corp. (Los Angeles County Schools Pooled

            

Financing Program); Series 1999 A, COP (INS - AMBAC)(b)(c)

     0.00%        08/01/2026        1,200        1,056,249  

Los Angeles Unified School District; Series 2020 C, GO Bonds

      4.00%        07/01/2044        5,000        5,164,928  

Lucia Mar Unified School District (Election of 2016); Series 2020 C, GO Bonds

      4.00%        08/01/2049        2,500        2,535,976  

Madera (County of), CA Community Facilities District No. 2017-1 (Tesoro Viejo);

            

Series 2020, RB

      4.00%        09/01/2045        850        810,931  

Series 2020, RB

      4.00%        09/01/2051        1,470        1,379,720  

Marin (County of), CA Water District Financing Authority;

            

Series 2012 A, RB(d)(e)

     5.00%        07/01/2022        4,000        4,012,400  

Series 2017, RB(g)

     5.00%        07/01/2047        6,035        6,586,577  

 

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

Invesco California Value Municipal Income Trust

      Interest
Rate		      Maturity
Date		      Principal
Amount
(000)		      Value  

California–(continued)

            

Marina (City of), CA Redevelopment Agency Successor Agency;

            

Series 2020 A, RB

      4.00%        09/01/2040      $          300      $        297,660  

Series 2020 B, RB

      4.00%        09/01/2040        300        297,660  

Menifee Union School District (Community Facilities District No. 2006-2); Series 2020, Ref. RB

      4.00%        09/01/2045        295        283,116  

Menifee Union School District (Community Facilities District No. 2014-3); Series 2019, RB

      5.00%        09/01/2049        1,600        1,712,304  

Menifee Union School District (Community Facilities District No. 2018-2); Series 2019, RB

      5.00%        09/01/2049        1,035        1,105,954  

Menifee Union School District (Election of 2008); Series 2009 C, GO Bonds (INS - AGC)(b)(c)

     0.00%        08/01/2034        850        553,710  

Modesto (City of), CA (Community Center Refinancing); Series 1993 A, COP (INS - AMBAC)(b)

     5.00%        11/01/2023        1,285        1,275,796  

Moorpark Unified School District (Election of 2008); Series 2009 A, GO Bonds (INS - AGC)(b)(c)

     0.00%        08/01/2031        2,000        1,472,397  

Moreland School District (Crossover Series 14); Series 2006 C, Ref. GO Bonds (INS - AMBAC)(b)(c)

     0.00%        08/01/2029        1,250        1,014,565  

Moreno Valley Unified School District (Community Facilities District No. 2015-2);

            

Series 2019, RB

      5.00%        09/01/2044        435        462,232  

Series 2019, RB

      5.00%        09/01/2048        485        514,149  

Mountain House Public Financing Authority (Green Bonds);

            

Series 2020 A, RB (INS - BAM)(b)

     4.00%        12/01/2045        1,175        1,192,374  

Series 2020 A, RB (INS - BAM)(b)

     4.00%        12/01/2055        6,000        6,044,435  

Series 2020 B, RB (INS - BAM)(b)

     4.00%        12/01/2040        3,560        3,634,511  

Series 2020 B, RB (INS - BAM)(b)

     4.00%        12/01/2043        1,165        1,189,345  

M-S-R Energy Authority; Series 2009 B, RB

      6.13%        11/01/2029        950        1,071,802  

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

     6.25%        08/01/2043        4,000        4,045,696  

Murrieta (City of), CA Public Financing Authority;

            

Series 2012, Ref. RB

      5.00%        09/01/2025        975        984,139  

Series 2012, Ref. RB

      5.00%        09/01/2026        1,000        1,009,374  

Murrieta Valley Unified School District (Election of 2006); Series 2008, GO Bonds (INS - AGM)(b)(c)

     0.00%        09/01/2031        6,670        4,999,042  

Norman Y Mineta San Jose International Airport SJC; Series 2017 A, Ref. RB(i)

     5.00%        03/01/2047        5,000        5,259,384  

North Orange County Community College District (Election of 2014); Series 2019 B, GO Bonds

      4.00%        08/01/2044        2,500        2,574,194  

Northern California Power Agency (Hydroelectric No. 1); Series 2012, Ref. RB(d)(e)

     5.00%        07/01/2022        1,700        1,705,340  

Norwalk-La Mirada Unified School District; Series 2005 B, GO Bonds (INS - AGM)(b)(c)

     0.00%        08/01/2029        6,000        4,842,490  

Oak Grove School District (Election of 2008); Series 2009 A, GO Bonds(c)

     0.00%        08/01/2028        670        560,142  

Oakland Unified School District (County of Alameda); Series 2015 A, GO Bonds(d)(e)

     5.00%        08/01/2025        2,430        2,654,705  

Oceanside (City of), CA Public Financing Authority (El Corazon Aquatics Center); Series 2019, RB

      4.00%        11/01/2044        5,155        5,252,011  

Ontario (City of), CA; Series 2021, RB

      4.00%        09/01/2045        300        281,596  

Ontario (City of), CA Community Facilities District No. 45;

            

Series 2020, RB

      4.00%        09/01/2043        120        116,626  

Series 2020, RB

      4.00%        09/01/2051        460        433,197  

Orange (County of), CA Community Facilities District (Village of Esencia); Series 2020, RB

      4.00%        08/15/2045        355        340,210  

Orange (County of), CA Community Facilities District No. 2004-1 (Ladera Ranch);

            

Series 2014 A, Ref. RB

      5.00%        08/15/2033        1,000        1,021,972  

Series 2014 A, Ref. RB

      5.00%        08/15/2034        1,000        1,021,965  

Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village);

            

Series 2015 A, RB

      5.00%        08/15/2035        270        282,698  

Series 2015 A, RB

      5.25%        08/15/2045        3,555        3,713,797  

Orange (County of), CA Community Facilities District No. 2016-1 (Esencia Village); Series 2016 A, RB

      5.00%        08/15/2046        3,000        3,137,179  

Palm Desert (City of), CA (University Park);

            

Series 2021, Ref. RB

      4.00%        09/01/2041        450        436,371  

Series 2021, Ref. RB

      4.00%        09/01/2051        650        606,017  

Palomar Community College District; Series 2010, GO Bonds(j)

     6.38%        08/01/2045        6,670        6,084,952  

Placer (County of), CA Community Facilities District; Series 2021, RB

      3.00%        09/01/2041        1,920        1,489,493  

Planada Elementary School District (Election of 2008); Series 2009 B, GO Bonds (INS - AGC)(b)(c)

     0.00%        07/01/2049        8,440        2,508,571  

Poway Unified School District (Del Sur East II); Series 2020, RB (INS - AGM)(b)

     4.00%        09/01/2050        2,500        2,536,536  

Rancho Cordova (City of), CA Community Facilities District No. 2003-1 (Sunridge Anatolia);

            

Series 2012, Ref. RB

      5.00%        09/01/2032        1,425        1,430,415  

Series 2012, Ref. RB

      5.00%        09/01/2037        1,495        1,500,231  

Redlands Unified School District (Community Facilities District No. 2006-1); Series 2020, RB

      4.00%        09/01/2050        400        380,380  

Regents of the University of California;

            

Series 2013 AI, RB(g)

     5.00%        05/15/2038        6,000        6,172,286  

Series 2016 L, Ref. RB(f)(g)

     5.00%        05/15/2041        6,580        7,071,769  

Series 2020 O, RB(g)

     5.00%        05/15/2048        10,000        11,005,004  

 

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

Invesco California Value Municipal Income Trust

      Interest
Rate		      Maturity
Date		      Principal
Amount
(000)		      Value  

California–(continued)

            

Regents of the University of California Medical Center Pooled Revenue;

            

Series 2022-XF1340, RB(f)(g)

     4.00%        05/15/2053      $     10,000      $   10,233,684  

Series 2022-XX1201, RB(f)(g)

     4.00%        05/15/2053        10,000        10,233,684  

Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith);

            

Series 2015, RB

      5.00%        09/01/2040        2,760        2,871,208  

Series 2015, RB

      5.00%        09/01/2044        1,500        1,555,485  

Riverside (County of), CA Transportation Commission; Series 2021 B1, Ref. RB

      4.00%        06/01/2046        2,705        2,704,600  

Riverside Unified School District; Series 2021, RB

      4.00%        09/01/2045        425        404,865  

Riverside Unified School District (Community Facilities District No. 32);

            

Series 2020, RB

      4.00%        09/01/2045        125        119,078  

Series 2020, RB

      4.00%        09/01/2050        265        249,521  

Romoland School District (Community Facilities District No. 2004-1); Series 2015, Ref. RB

      5.00%        09/01/2038        1,660        1,727,798  

Root Creek Water District Community Facilities District No. 2016-1 Improvement Area No. 1;
Series 2021, RB

      4.00%        09/01/2050        570        529,707  

Roseville (City of), CA (Ranch at Sierra Vista Community Facilities District No. 1 - Public Facilities);

            

Series 2020, RB

      4.00%        09/01/2045        450        428,681  

Series 2020, RB

      4.00%        09/01/2050        1,000        935,422  

Series 2020, RB

      5.00%        09/01/2050        1,520        1,617,955  

Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities);

            

Series 2020, RB

      4.00%        09/01/2045        150        142,894  

Series 2020, RB

      4.00%        09/01/2050        200        187,084  

Sacramento (City of), CA (Convention Center Complex); Series 2018 A, RB

      5.00%        06/01/2048        3,000        3,286,419  

Sacramento (County of), CA; Series 2018 C, Ref. RB(i)

     5.00%        07/01/2039        3,315        3,566,671  

Sacramento Municipal Utility District; Series 2020 H, RB(g)

     4.00%        08/15/2045        12,000        12,333,694  

Salinas (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 3);

            

Series 2020, RB

      4.00%        09/01/2040        185        181,684  

Series 2020, RB

      4.00%        09/01/2045        380        364,691  

Series 2020, RB

      4.00%        09/01/2050        225        212,556  

San Diego (City of), CA Redevelopment Agency (Centre City Redevelopment); Series 1999 A, RB

      6.40%        09/01/2025        1,535        1,541,582  

San Diego (County of), CA Regional Airport Authority;

            

Series 2019 A, Ref. RB

      5.00%        07/01/2049        2,740        2,965,649  

Series 2019 B, Ref. RB(i)

     4.00%        07/01/2044        1,000        1,002,609  

Series 2021 B, RB(i)

     5.00%        07/01/2046        1,850        2,014,524  

Series 2021 B, RB(i)

     4.00%        07/01/2056        2,000        1,964,564  

San Diego (County of), CA Regional Transportation Commission; Series 2014 A, RB(g)

     5.00%        04/01/2048        7,020        7,422,790  

San Diego County Regional Airport Authority; Series 2022-XX1215, RB(f)(g)(i)

     5.00%        07/01/2051        10,000        10,823,046  

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

            

Second Series 2022 B, Ref. RB

      4.00%        05/01/2052        10,000        10,299,819  

Series 2018 D, RB(g)(i)

     5.25%        05/01/2048        10,500        11,353,690  

Series 2019 E, RB(i)

     5.00%        05/01/2050        3,515        3,784,446  

San Francisco (City & County of), CA Community Facilities District No. 2016-1;

            

Series 2020, RB

      4.00%        09/01/2042        225        216,556  

Series 2020, RB

      4.00%        09/01/2050        425        390,160  

San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Hunters Point Shipyard Phase One Improvements); Series 2014, Ref. RB

      5.00%        08/01/2044        1,620        1,658,007  

San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment);

            

Series 2014 A, RB

      5.00%        08/01/2026        220        232,568  

Series 2014 A, RB

      5.00%        08/01/2028        370        390,745  

Series 2014 A, RB

      5.00%        08/01/2029        450        475,155  

Series 2014 A, RB

      5.00%        08/01/2032        785        828,374  

Series 2014 A, RB

      5.00%        08/01/2033        375        395,705  

Series 2014 A, RB

      5.00%        08/01/2043        1,000        1,052,719  

San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency Community Facilities District No. 6 (Mission Bay South Public Improvements); Series 2013 A, Ref. RB

      5.00%        08/01/2033        1,635        1,639,014  

San Francisco (City of), CA Bay Area Rapid Transit District; Series 2012 A, Ref. RB(d)(e)

     5.00%        07/01/2022        3,565        3,576,199  

San Francisco (City of), CA Bay Area Rapid Transit District (Election of 2004); Series 2013 C, GO Bonds(d)(e)

     5.00%        08/01/2023        5,000        5,197,340  

 

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

Invesco California Value Municipal Income Trust

      Interest
Rate		      Maturity
Date		      Principal
Amount
(000)		      Value  

California–(continued)

            

San Francisco Bay Area Rapid Transit District;

            

Series 2017 A-1, GO Bonds(f)(g)

     5.00%        08/01/2047      $       6,575      $     7,217,896  

Series 2022-XF1331, GO Bonds(f)(g)

     4.25%        08/01/2052        10,000        10,265,510  

San Joaquin Hills Transportation Corridor Agency; Series 2021 A, Ref. RB

      4.00%        01/15/2044        3,227        3,245,618  

San Jose Evergreen Community College District (Election of 2004); Series 2008 B, GO Bonds (INS - AGM)(b)(c)

     0.00%        09/01/2032        1,000        721,078  

San Luis Obispo (County of), CA Financing Authority (Lopez Dam Improvement); Series 2011 A, Ref. RB (INS - AGM)(b)

     5.00%        08/01/2030        2,500        2,507,729  

San Marcos Unified School District;

            

Series 2021, RB

      4.00%        09/01/2044        550        531,315  

Series 2021, RB

      4.00%        09/01/2051        1,000        941,733  

San Mateo & Foster (Cities of), CA Public Financing Authority (Clean Water Program); Series 2019, RB

      5.00%        08/01/2049        3,330        3,718,059  

San Pablo Joint Powers Financing Authority; Series 2022-XX1174, RB (INS - AGM)(b)(f)(g)

     4.00%        11/01/2052        10,135        10,319,290  

Sanger Unified School District; Series 1999, Ref. GO Bonds (INS - NATL)(b)

     5.60%        08/01/2023        60        61,556  

Santa Ana Unified School District (Financing Project); Series 1999, COP (INS - AGM)(b)(c)

     0.00%        04/01/2036        1,000        578,513  

Santa Clarita Community College District; Series 2019, GO Bonds

      3.00%        08/01/2044        2,370        2,122,385  

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

            

Series 2013, RB

      5.63%        09/01/2036        1,915        1,963,812  

Series 2013, RB

      5.63%        09/01/2043        2,880        2,945,688  

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

     0.00%        06/01/2036        7,000        3,221,193  

Simi Valley Unified School District (Election of 2004);

            

Series 2007 C, GO Bonds (INS - AGM)(b)(c)

     0.00%        08/01/2028        1,520        1,266,147  

Series 2007 C, GO Bonds (INS - AGM)(b)(c)

     0.00%        08/01/2029        5,000        4,015,524  

Series 2007 C, GO Bonds (INS - AGM)(b)(c)

     0.00%        08/01/2030        1,210        935,291  

South Orange (County of), CA Public Financing Authority (Ladera Ranch);

            

Series 2014 A, Ref. RB

      5.00%        08/15/2028        750        770,364  

Series 2014 A, Ref. RB

      5.00%        08/15/2029        900        924,340  

Series 2014 A, Ref. RB

      5.00%        08/15/2030        1,000        1,026,922  

Series 2014 A, Ref. RB

      5.00%        08/15/2032        1,680        1,726,333  

Series 2014 A, Ref. RB

      5.00%        08/15/2033        1,000        1,027,688  

South San Francisco (City of), CA; Series 2022, RB

      4.00%        09/01/2044        1,000        957,677  

State of California;

            

Series 2020, GO Bonds(g)

     4.00%        03/01/2046        2,000        2,079,557  

Series 2020, GO Bonds(g)

     4.00%        03/01/2050        7,000        7,229,968  

Series 2022-XF1330, GO Bonds(g)

     5.00%        04/01/2037        11,080        11,363,517  

Tejon Ranch Public Facilities Finance Authority (Community Facilities District No. 2008-1 - Tejon Industrial Complex Public Improvements); Series 2012 B, RB

      5.25%        09/01/2042        1,500        1,516,907  

Temescal Valley Water District;

            

Series 2021, RB

      4.00%        09/01/2046        500        478,195  

Series 2021, RB

      4.00%        09/01/2051        930        875,812  

Three Rivers Levee Improvement Authority; Series 2021, Ref. RB

      4.00%        09/01/2051        2,500        2,334,728  

Torrance Unified School District (Election of 2008); Series 2009, GO Bonds(c)

     0.00%        08/01/2034        1,400        815,157  

Tracy (City of), CA Community Facilities District; Series 2022, RB

      5.00%        09/01/2052        1,645        1,717,760  

Transbay Joint Powers Authority (Green Bonds);

            

Series 2020 A, RB

      5.00%        10/01/2038        1,000        1,125,765  

Series 2020 A, RB

      5.00%        10/01/2039        1,000        1,120,221  

Series 2020 A, RB

      5.00%        10/01/2045        1,000        1,101,572  

Series 2020 A, RB

      5.00%        10/01/2049        1,100        1,208,293  

Series 2020 B, RB

      5.00%        10/01/2034        300        336,288  

Series 2020 B, RB

      5.00%        10/01/2038        300        330,297  

University of California; Series 2022-XF2989, RB(g)

     4.00%        05/15/2047        7,600        7,864,807  

West Contra Costa Unified School District; Series 2005, GO Bonds (INS - NATL)(b)(c)

     0.00%        08/01/2025        5,000        4,597,536  

West Patterson Financing Authority;

            

Series 2021, RB

      4.00%        09/01/2041        375        365,573  

Series 2021, RB

      4.00%        09/01/2046        550        522,828  

Series 2021, RB

      4.00%        09/01/2051        765        718,018  

West Sacramento (City of), CA; Series 2019, RB

      5.00%        09/01/2049        1,000        1,067,329  

William S. Hart Union High School District (Election of 2008); Series 2009 A, GO Bonds(c)

     0.00%        08/01/2032        9,370        6,762,766  

Woodland (City of), CA Community Facilities District 1; Series 2019, RB

      5.00%        09/01/2048        1,625        1,724,211  

 

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

Invesco California Value Municipal Income Trust

      Interest
Rate		      Maturity
Date		      Principal
Amount
(000)		      Value  

 

  

California–(continued)

            

Yosemite Community College District (Election of 2004); Series 2008 C, GO Bonds (INS - AGM)(b)(c)

     0.00%        08/01/2022      $       2,655      $     2,648,925  

 

  
              902,006,704  

 

  

 

Guam-3.36%

            

Guam (Territory of) International Airport Authority;

            

Series 2013 C, RB(d)(e)(i)

     6.38%        10/01/2023        1,560        1,651,284  

 

  

Series 2013 C, RB(i)

     6.38%        10/01/2043        1,440        1,501,297  

 

  

Guam (Territory of) Power Authority;

            

Series 2012 A, Ref. RB(d)

     5.00%        10/01/2026        2,500        2,528,978  

 

  

Series 2012 A, Ref. RB(d)

     5.00%        10/01/2027        1,500        1,517,387  

 

  

Series 2012 A, Ref. RB(d)

     5.00%        10/01/2030        4,000        4,046,364  

 

  

Guam (Territory of) Waterworks Authority;

            

Series 2014 A, Ref. RB

      5.00%        07/01/2035        1,800        1,871,931  

 

  

Series 2020 A, RB

      5.00%        01/01/2050        1,540        1,692,075  

 

  

Port Authority of Guam; Series 2018 A, RB

      5.00%        07/01/2048        3,675        3,956,583  

 

  
              18,765,899  

 

  

 

Puerto Rico-2.36%

            

Children’s Trust Fund;

            

Series 2002, RB

      5.50%        05/15/2039        1,860        1,889,628  

 

  

Series 2002, RB

      5.63%        05/15/2043        300        305,473  

 

  

Series 2005 A, RB(c)

     0.00%        05/15/2050        4,325        726,363  

 

  

Puerto Rico (Commonwealth of) Electric Power Authority;

            

Series 2007 VV, Ref. RB (INS - NATL)(b)

     5.25%        07/01/2030        1,150        1,186,064  

 

  

Series 2007 VV, Ref. RB (INS - NATL)(b)

     5.25%        07/01/2033        2,000        2,085,569  

 

  

Puerto Rico Sales Tax Financing Corp.;

            

Series 2018 A-1, RB(c)

     0.00%        07/01/2031        1,500        1,031,347  

 

  

Series 2018 A-1, RB(c)

     0.00%        07/01/2046        10,000        3,042,715  

 

  

Series 2018 A-1, RB(c)

     0.00%        07/01/2051        13,280        2,934,264  

 

  
              13,201,423  

 

  

 

Virgin Islands-0.68%

            

Virgin Islands (Government of) Port Authority; Series 2014 B, Ref. RB

      5.00%        09/01/2044        1,720        1,637,147  

 

  

Virgin Islands (Government of) Public Finance Authority; Series 2015, RB(h)

     5.00%        09/01/2030        2,000        2,134,052  

 

  
              3,771,199  

 

  

TOTAL INVESTMENTS IN SECURITIES(k)-167.81% (Cost $940,359,483)

               937,745,225  

 

  

FLOATING RATE NOTE OBLIGATIONS-(32.29)%

            

Notes with interest and fee rates ranging from 1.33% to 1.43% at 05/31/2022 and contractual maturities of collateral ranging from 09/04/2029 to 04/01/2056(l)

              (180,430,000 ) 

 

  

VARIABLE RATE MUNI TERM PREFERRED SHARES-(37.27)%

               (208,282,976 ) 

 

  

OTHER ASSETS LESS LIABILITIES–1.75%

               9,788,290  

 

  

NET ASSETS APPLICABLE TO COMMON SHARES–100.00%

             $ 558,820,539  

 

  

 

Investment Abbreviations:
AGC   - Assured Guaranty Corp.
AGM   - Assured Guaranty Municipal Corp.
AMBAC   - American Municipal Bond Assurance Corp.
BAM   - Build America Mutual Assurance Co.
COP   - Certificates of Participation
Ctfs.   - Certificates
GO   - General Obligation
INS   - Insurer
NATL   - National Public Finance Guarantee Corp.
RB   - Revenue Bonds
Ref.   - Refunding
RN   - Revenue Notes

 

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

Invesco California Value Municipal Income 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) 

Principal and/or interest payments are secured by the bond insurance company listed.

(c) 

Zero coupon bond issued at a discount.

(d) 

Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral.

(e) 

Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put.

(f) 

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 $41,220,000. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the TOB Trusts.

(g) 

Underlying security related to TOB Trusts entered into by the Trust.

(h) 

Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at May 31, 2022 was $51,310,753, which represented 9.18% of the Trust’s Net Assets.

(i) 

Security subject to the alternative minimum tax.

(j) 

Convertible capital appreciation bond. The interest rate shown represents the coupon rate at which the bond will accrue at a specified future date.

(k) 

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

 

Entity    Percent

 

Assured Guaranty Municipal Corp.

    5.13%

 

 

(l) 

Floating rate note obligations related to securities held. The interest and fee rates shown reflect the rates in effect at May 31, 2022. At May 31, 2022, the Trust’s investments with a value of $271,089,338 are held by TOB Trusts and serve as collateral for the $180,430,000 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 California Value Municipal Income Trust

Notes to Quarterly Schedule of Portfolio Holdings

May 31, 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 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.

    As of May 31, 2022, all of the securities in this Trust were valued based on Level 2 inputs (see the Schedule of Investments for security categories). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

 

Invesco California Value Municipal Income Trust