NPORT-EX 2 edgar.htm HTML

Schedule of Investments

November 30, 2022

(Unaudited)

 

     Interest
Rate		   Maturity
Date		      Principal
Amount
(000)		      Value  

 

  

Municipal Obligations–166.30%(a)

          

California–161.40%

           

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

    5.00%     08/01/2043      $   2,000      $        2,016,078  

 

  

Alameda (City of), CA Corridor Transportation Authority; Series 2022 C, RB
(INS - AGM)(b)(c)

   5.45%     10/01/2052        2,000        949,061  

 

  

Alhambra Unified School District (Election of 2004);

           

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

   0.00%     08/01/2035        1,120        694,222  

 

  

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

   0.00%     08/01/2036        1,805        1,064,480  

 

  

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

    0.00%     08/01/2024        4,970        4,737,928  

 

  

Bay Area Toll Authority (San Francisco Bay Area);

           

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

   5.00%     04/01/2027        6,600        7,268,289  

 

  

Series 2017, Ref. RB

    4.00%     04/01/2049        1,240        1,227,612  

 

  

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

   5.00%     10/01/2034        3,500        3,528,551  

 

  

Beverly Hills Unified School District (Election of 2008);

           

Series 2009, GO Bonds(d)

   0.00%     08/01/2026        1,245        1,116,164  

 

  

Series 2009, GO Bonds(d)

   0.00%     08/01/2028        3,000        2,507,289  

 

  

Series 2009, GO Bonds(d)

   0.00%     08/01/2031        2,010        1,496,893  

 

  

Series 2009, GO Bonds(d)

   0.00%     08/01/2032        430        306,863  

 

  

California (State of);

           

Series 2013, Ref. GO Bonds

    5.25%     09/01/2030        5,000        5,100,843  

 

  

Series 2016, GO Bonds(h)

   5.00%     09/01/2045        6,600        6,951,711  

 

  

Series 2020, GO Bonds

    4.00%     03/01/2046        2,000        2,012,676  

 

  

Series 2020, GO Bonds

    4.00%     03/01/2050        7,000        7,023,717  

 

  

Series 2020, Ref. GO Bonds

    3.00%     11/01/2040        1,500        1,283,713  

 

  

Series 2022, Ref. GO Bonds

    5.00%     11/01/2042        2,630        2,969,926  

 

  

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        1,309,233  

 

  

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

   5.00%     04/01/2049        4,145        3,546,006  

 

  

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

   5.00%     02/01/2050        1,500        1,316,387  

 

  

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

   5.00%     08/01/2049        2,640        2,319,310  

 

  

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

    5.00%     06/01/2050        730        715,041  

 

  

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

           

Series 2020, Ref. RB

    4.00%     06/01/2049        370        318,916  

 

  

Series 2020, Ref. RB

    5.00%     06/01/2049        1,135        1,135,442  

 

  

Series 2020, Ref. RB(d)

   0.00%     06/01/2055        2,950        561,607  

 

  

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

    5.00%     12/01/2044        2,500        2,549,277  

 

  

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

    5.00%     04/01/2045        2,180        2,217,260  

 

  

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

    5.00%     04/01/2042        3,285        3,459,753  

 

  

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

   5.25%     04/01/2040        8,940        10,998,815  

 

  

California (State of) Educational Facilities Authority (University of Redlands); Series 2022 A, RB

    5.00%     10/01/2052        1,400        1,416,665  

 

  

California (State of) Health Facilities Financing Authority (Cedars Sinai Health System);

           

Series 2021 A, Ref. RB(h)

   4.00%     08/15/2048        14,610        13,831,302  

 

  

Series 2021, Ref. RB

    5.00%     08/15/2051        7,950        8,499,129  

 

  

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

    5.00%     08/15/2047        3,285        3,316,499  

 

  

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

    4.00%     04/01/2049        8,690        7,836,461  

 

  

California (State of) Health Facilities Financing Authority (Lucile Salter Packard Children’s Hospital at Stanford); Series 2017, RB

    4.00%     11/15/2047        1,090        1,056,757  

 

  

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        1,159,177  

 

  

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

   5.00%     07/01/2023        5,000        5,071,988  

 

  

 

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) Housing Finance Agency;

           

Series 2019 A-1, RB

    4.25%   01/15/2035    $   3,145      $        3,054,754  

 

  

Series 2019 A-2, RB

    4.00%   03/20/2033      3,500        3,399,538  

 

  

Series 2021 A, RB

    3.25%   08/20/2036      3,940        3,404,811  

 

  

Series 2021-1A, Revenue Ctfs.

    3.50%   11/20/2035      1,556        1,404,383  

 

  

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

   5.00%   01/01/2028      1,500        1,662,273  

 

  

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

    4.00%   05/01/2046      1,210        1,163,564  

 

  

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

    4.00%   09/01/2040      1,450        1,338,489  

 

  

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

   6.75%   08/01/2023      1,555        1,597,915  

 

  

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

    5.00%   06/01/2046      2,250        2,265,194  

 

  

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

           

Series 2018 A, RB(i)

   5.00%   06/01/2038      560        526,598  

 

  

Series 2018 A, RB(i)

   5.00%   06/01/2048      1,340        1,188,438  

 

  

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

           

Series 2020 B, RB

    4.00%   09/01/2043      315        286,629  

 

  

Series 2020 B, RB

    4.00%   09/01/2050      455        396,659  

 

  

Series 2021 A, RB

    4.00%   09/01/2046      1,095        974,745  

 

  

Series 2021 C, RB

    4.00%   09/01/2046      1,300        1,157,232  

 

  

Series 2021 C, RB

    4.00%   09/01/2051      1,800        1,561,598  

 

  

Series 2022 B, Ref. RB

    6.00%   09/01/2052      840        862,003  

 

  

Series 2022 B, Ref. RB

    6.30%   09/01/2052      335        349,951  

 

  

Series 2022 C, RB

    6.25%   09/01/2052      1,000        1,012,566  

 

  

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

   5.00%   11/01/2046      1,200        1,180,867  

 

  

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

           

Series 2014 A, RB

    5.25%   08/15/2049      3,700        3,752,599  

 

  

Series 2014 B, RB

    5.88%   08/15/2049      295        295,277  

 

  

California (State of) Municipal Finance Authority (Caritas);

           

Series 2017 A, Ref. RB

    4.00%   08/15/2042      2,055        1,952,730  

 

  

Series 2021 B, Ref. RB

    4.00%   08/15/2056      995        828,613  

 

  

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

    5.00%   05/15/2043      3,350        3,341,406  

 

  

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

   5.00%   05/15/2049      2,840        2,945,607  

 

  

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

           

Series 2017 A, Ref. RB

    5.00%   02/01/2042      375        384,181  

 

  

Series 2017 A, Ref. RB

    5.00%   02/01/2047      3,620        3,688,049  

 

  

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

    5.00%   07/01/2047      1,500        1,517,167  

 

  

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

    5.00%   10/01/2044      3,305        3,401,013  

 

  

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

   5.00%   12/31/2043      3,995        4,040,772  

 

  

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

    5.00%   11/15/2049      1,200        1,150,287  

 

  

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

   5.00%   07/01/2049      1,200        1,094,820  

 

  

California (State of) Municipal Finance Authority (Palomar Health); Series 2022 A, Ref. COP (INS - AGM)(c)

   5.25%   11/01/2052      2,100        2,218,657  

 

  

California (State of) Municipal Finance Authority (Samuel Merritt University); Series 2022, RB

    5.25%   06/01/2053      4,000        4,284,152  

 

  

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

    5.00%   07/01/2062      3,810        3,328,430  

 

  

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

   5.25%   07/01/2024      1,150        1,196,298  

 

  

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

   5.00%   07/01/2049      2,035        2,174,672  

 

  

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

           

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

   5.00%   05/15/2023      400        403,908  

 

  

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

   5.00%   05/15/2025      500        521,749  

 

  

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

   5.00%   05/15/2052      2,375        2,459,195  

 

  

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

   4.00%   07/15/2029      7,120        6,910,653  

 

  

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

    5.00%   06/01/2043      1,150        1,189,589  

 

  

 

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 (William Jessup University);

           

Series 2019, Ref. RB(i)

     5.00%       08/01/2039        $     500      $           469,795  

 

  

Series 2019, Ref. RB(i)

     5.00%       08/01/2048        2,700        2,390,273  

 

  

California (State of) Pollution Control Finance Authority;

           

Series 2012, RB(i)(j)

     5.00%       07/01/2027        1,995        1,995,927  

 

  

Series 2012, RB(i)(j)

     5.00%       07/01/2037        6,000        5,884,147  

 

  

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

     5.13%       07/01/2055        2,000        1,613,546  

 

  

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

     5.00%       11/15/2056        1,000        815,180  

 

  

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

      5.00%       10/15/2047        2,750        2,776,956  

 

  

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

      5.00%       03/01/2038        5,450        5,478,734  

 

  

California (State of) Public Works Board (Various California State University); Series 2013 H, RB(e)(f)

     5.00%       09/01/2023        2,000        2,037,861  

 

  

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

           

Series 2013 A, RB

      6.30%       07/01/2043        2,000        2,017,871  

 

  

Series 2015, RB(i)

     5.00%       07/01/2045        2,635        2,650,107  

 

  

California (State of) School Finance Authority (Aspen Public Sschools Obligated Group);

           

Series 2022 A, RB(i)

     6.13%       07/01/2052        1,455        1,446,055  

 

  

Series 2022 A, RB(i)

     6.25%       07/01/2062        1,810        1,791,541  

 

  

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

           

Series 2015 A, Ref. RB(i)

     5.00%       08/01/2045        600        600,490  

 

  

Series 2016, Ref. RB(e)(f)(i)

     5.00%       08/01/2025        130        137,889  

 

  

Series 2016, Ref. RB(i)

     5.00%       08/01/2046        1,370        1,370,140  

 

  

California (State of) School Finance Authority (Classical Academies Oceanside);

           

Series 2020 A, RB(i)

     5.00%       10/01/2050        1,000        1,000,196  

 

  

Series 2022 A, Ref. RB(i)

     5.00%       10/01/2061        2,000        1,957,752  

 

  

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

     5.00%       07/01/2054        1,900        1,906,372  

 

  

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

     5.00%       08/01/2048        1,750        1,751,077  

 

  

California (State of) School Finance Authority (Hawking Steam Charter School); Series 2022, RB(i)

     5.50%       07/01/2062        775        725,437  

 

  

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

           

Series 2014 A, RB(i)

     5.00%       07/01/2034        600        607,531  

 

  

Series 2014 A, RB(i)

     5.13%       07/01/2044        750        754,205  

 

  

Series 2015 A, RB(i)

     5.00%       07/01/2045        1,150        1,154,654  

 

  

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

     5.00%       07/01/2039        750        767,589  

 

  

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

           

Series 2012 A, RB

      5.25%       06/01/2032        3,080        3,081,533  

 

  

Series 2012, RB

      5.50%       06/01/2042        450        450,120  

 

  

California (State of) Statewide Communities Development Authority;

           

Series 2017, RB

      5.00%       09/02/2037        650        674,048  

 

  

Series 2017, RB

      5.00%       09/02/2046        715        728,313  

 

  

Series 2020 B, RB

      4.00%       09/02/2050        185        157,493  

 

  

Series 2020, RB

      4.00%       09/01/2040        175        159,955  

 

  

Series 2020, RB

      4.00%       09/01/2050        360        310,883  

 

  

Series 2020, RB

      4.00%       09/01/2050        625        534,663  

 

  

Series 2020, RB

      4.00%       09/01/2050        585        503,598  

 

  

Series 2020, RB

      5.00%       09/02/2050        805        815,533  

 

  

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

           

Series 2015, Ref. RB

      5.00%       03/01/2033        1,730        1,795,311  

 

  

Series 2015, Ref. RB

      5.00%       03/01/2045        5,585        5,668,172  

 

  

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        2,062,479  

 

  

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

           

Series 2014 A, RB(i)

     6.38%       11/01/2043        4,035        4,098,178  

 

  

Series 2017 A, Ref. RB(i)

     5.00%       11/01/2041        1,000        1,004,277  

 

  

California (State of) Statewide Communities Development Authority (Community Facilities District No. 2016-02); Series 2020, RB

      4.00%       09/01/2050        1,035        892,384  

 

  

California (State of) Statewide Communities Development Authority (Community Facilities District No. 2020-02); Series 2022, RB

      5.13%       09/01/2042        500        507,465  

 

  

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

      5.50%       09/01/2052        2,000        2,030,652  

 

  

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

      4.00%       04/01/2045        2,000        1,906,147  

 

  

 

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 (Enloe Medical Center); Series 2022 A, RB (INS - AGM)(c)

     5.38%       08/15/2057      $   1,680      $        1,774,731  

 

  

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

      5.25%       11/15/2034        1,500        1,500,032  

 

  

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

      5.00%       04/01/2047        4,580        4,720,098  

 

  

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

     5.25%       10/01/2024        1,500        1,572,161  

 

  

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

           

Series 2021, RB

      4.00%       09/01/2041        200        181,215  

 

  

Series 2021, RB

      4.00%       09/01/2051        380        324,438  

 

  

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

      5.00%       08/15/2051        1,250        1,279,170  

 

  

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

           

Series 2016, Ref. RB(i)

     5.00%       06/01/2046        2,000        1,841,792  

 

  

Series 2019, RB(i)

     5.00%       06/01/2039        375        359,149  

 

  

Series 2019, RB(i)

     5.00%       06/01/2051        1,145        1,037,192  

 

  

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

      5.50%       12/01/2054        3,500        3,519,308  

 

  

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

      5.00%       01/01/2048        1,005        1,015,461  

 

  

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

           

Series 2019, RB(i)

     5.25%       07/01/2039        910        835,304  

 

  

Series 2019, RB(i)

     5.25%       07/01/2049        2,500        2,171,976  

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        3,495,288  

 

  

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

     0.00%       06/01/2046        17,000        4,003,447  

 

  

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

     0.00%       06/01/2055        22,950        1,963,779  

 

  

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

           

Series 2020 A, Ref. RB

      4.00%       06/01/2040        600        552,434  

 

  

Series 2020 A, Ref. RB

      4.00%       06/01/2049        1,000        861,988  

 

  

Series 2020 A, Ref. RB

      4.00%       06/01/2049        290        249,961  

 

  

Series 2020 B-1, Ref. RB

      5.00%       06/01/2049        395        395,146  

 

  

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

     0.00%       06/01/2055        10,000        1,822,083  

 

  

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

     0.00%       06/01/2046        10,000        2,414,660  

 

  

California State University; Series 2017 A, Ref. RB(g)(h)

     5.00%       11/01/2047        10,000        10,492,096  

 

  

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

           

Series 2020, RB

      4.00%       09/01/2045        260        233,726  

 

  

Series 2020, RB

      4.00%       09/01/2050        250        217,944  

 

  

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

      4.00%       08/01/2043        3,665        3,690,779  

 

  

Chino (City of), CA Community Facilities District;

           

Series 2020, RB

      4.00%       09/01/2040        75        68,891  

 

  

Series 2020, RB

      4.00%       09/01/2051        295        251,065  

 

  

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

           

Series 2021, RB

      4.00%       09/01/2046        1,000        874,710  

 

  

Series 2021, RB

      4.00%       09/01/2051        1,250        1,063,835  

 

  

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

      4.00%       09/01/2051        300        256,954  

 

  

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

     0.00%       08/01/2029        625        498,024  

 

  

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

      6.00%       08/01/2039        1,750        1,750,346  

 

  

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

           

Series 2020, RB

      4.00%       09/01/2040        115        104,079  

 

  

Series 2020, RB

      4.00%       09/01/2045        190        166,809  

 

  

Series 2020, RB

      4.00%       09/01/2050        420        360,641  

 

  

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

      4.00%       09/01/2050        150        128,800  

 

  

 

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)

           

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

           

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

     5.00%       09/01/2023      $   1,000      $        1,018,931  

 

  

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

     5.00%       09/01/2023        1,000        1,018,931  

 

  

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

     5.00%       09/01/2023        1,720        1,752,560  

 

  

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

      6.50%       12/15/2047        1,725        1,703,945  

 

  

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

           

Series 2009, GO Bonds(d)

     0.00%       08/01/2039        4,420        2,170,923  

 

  

Series 2009, GO Bonds(d)

     0.00%       08/01/2048        2,860        884,380  

 

  

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

           

Series 2020, RB

      4.00%       09/01/2027        95        95,773  

 

  

Series 2020, RB

      4.00%       09/01/2028        95        95,606  

 

  

Series 2020, RB

      4.00%       09/01/2050        350        302,724  

 

  

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

      4.00%       09/01/2050        155        134,064  

 

  

El Segundo Unified School District (Election of 2008);

           

Series 2009 A, GO Bonds(d)

     0.00%       08/01/2031        2,735        2,024,711  

 

  

Series 2009 A, GO Bonds(d)

     0.00%       08/01/2033        615        417,671  

 

  

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

     4.50%       09/01/2051        990        840,256  

 

  

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

      4.00%       08/01/2047        3,310        3,272,665  

 

  

Etiwanda School District (Election of 2016); Series 2020 A, GO Bonds

      4.00%       08/01/2049        3,000        2,910,428  

 

  

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

           

Series 2020, RB

      4.00%       09/01/2045        215        183,699  

 

  

Series 2020, RB

      4.00%       09/01/2050        295        245,225  

 

  

Folsom Ranch Financing Authority; Series 2022, RB

      5.00%       09/01/2052        2,860        2,865,142  

 

  

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

           

Series 2020, RB

      4.00%       09/01/2045        220        197,768  

 

  

Series 2020, RB

      4.00%       09/01/2050        265        231,021  

 

  

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

      5.00%       09/01/2034        1,000        1,014,506  

 

  

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

      4.00%       09/01/2045        1,000        886,175  

 

  

Foothill-Eastern Transportation Corridor Agency;

           

Series 1995 A, RB(d)(e)

     0.00%       01/01/2027        2,950        2,627,794  

 

  

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

     0.00%       01/15/2035        6,245        3,858,203  

 

  

Series 2021 A, Ref. RB

      4.00%       01/15/2046        1,000        920,731  

 

  

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

           

Series 2015, Ref. RB

      5.00%       09/01/2035        1,880        1,928,400  

 

  

Series 2015, Ref. RB

      5.00%       09/01/2045        2,095        2,120,582  

 

  

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

      6.00%       10/01/2027        760        760,627  

 

  

Gilroy Unified School District (Election of 2008);

           

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

     0.00%       08/01/2029        85        70,220  

 

  

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

     0.00%       08/01/2029        665        530,940  

 

  

Glendale Community College District;

           

Series 2020 B, GO Bonds(d)

     0.00%       02/01/2045        1,285        461,944  

 

  

Series 2020 B, GO Bonds

      4.00%       08/01/2050        10,000        9,882,383  

 

  

Golden State Tobacco Securitization Corp.; Series 2021 B-2, Ref. RB(d)

     0.00%       06/01/2066        14,000        1,507,275  

 

  

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

     0.00%       08/01/2024        3,000        2,863,672  

 

  

Independent Cities Finance Authority;

           

Series 2021, RB (INS - AGM)(c)(i)

     4.00%       06/01/2046        1,825        1,735,439  

 

  

Series 2021, RB (INS - AGM)(c)(i)

     4.00%       06/01/2051        1,250        1,164,787  

 

  

Inland Empire Tobacco Securitization Corp.;

           

Series 2007 C-1, RB(d)

     0.00%       06/01/2036        15,000        6,224,107  

 

  

Series 2007 C-2, RB(d)

     0.00%       06/01/2047        35,000        6,883,653  

 

  

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

           

Series 2012, RB

      5.00%       09/02/2024        1,145        1,151,535  

 

  

Series 2012, RB

      5.00%       09/02/2025        500        502,817  

 

  

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

           

Series 2013, RB

      5.00%       09/02/2025        355        360,988  

 

  

Series 2013, RB

      5.00%       09/02/2026        400        406,599  

 

  

Series 2013, RB

      5.00%       09/02/2027        325        330,281  

 

  

Series 2013, RB

      5.00%       09/02/2028        350        355,597  

 

  

Series 2013, RB

      5.00%       09/02/2029        705        716,199  

 

  

 

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 (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      $        1,063,874  

 

  

Series 2014, RB

    5.00%   09/01/2049      1,055        1,061,926  

 

  

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

   5.25%   02/01/2046      8,175        8,686,282  

 

  

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

   5.00%   09/01/2038      1,500        1,560,662  

 

  

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

           

Series 2017 B, RB

    5.00%   09/01/2047      500        508,444  

 

  

Series 2018 A, Ref. RB

    5.00%   09/01/2049      1,575        1,599,444  

 

  

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

   4.00%   09/01/2054      1,000        955,562  

 

  

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

           

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

   4.00%   08/01/2045      2,300        2,242,576  

 

  

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

   4.00%   08/01/2055      2,280        2,177,331  

 

  

Jurupa Community Services District;

           

Series 2020 A, RB

    4.00%   09/01/2043      300        269,295  

 

  

Series 2020 A, RB

    4.00%   09/01/2050      525        451,237  

 

  

Series 2021 A, RB

    4.00%   09/01/2045      290        255,166  

 

  

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

           

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

   5.00%   09/01/2023      1,000        1,018,931  

 

  

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

   5.00%   09/01/2023      4,000        4,075,722  

 

  

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

    4.00%   09/01/2050      300        255,396  

 

  

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        1,432,676  

 

  

Lake Elsniore (City of), CA Community Facilities District No. 2006-1;

           

Series 2021, RB

    4.00%   09/01/2046      110        95,269  

 

  

Series 2021, RB

    4.00%   09/01/2051      120        101,334  

 

  

Lammersville Joint Unified School District;

           

Series 2020, RB

    4.00%   09/01/2045      135        118,141  

 

  

Series 2020, RB

    4.00%   09/01/2049      320        273,686  

 

  

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

           

Series 2021, Ref. RB

    4.00%   09/01/2036      235        223,113  

 

  

Series 2021, Ref. RB

    4.00%   09/01/2040      150        137,443  

 

  

Long Beach (City of), CA;

           

Series 2015, RB

    5.00%   05/15/2026      1,000        1,032,630  

 

  

Series 2015, RB

    5.00%   05/15/2045      4,185        4,235,929  

 

  

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

    5.75%   10/01/2025      2,000        2,016,749  

 

  

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

    5.50%   11/15/2037      1,480        1,646,167  

 

  

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

   5.00%   08/01/2031      11,625        11,647,854  

 

  

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

   6.01%   08/01/2040      3,340        3,147,097  

 

  

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

    4.00%   09/01/2046      1,650        1,443,100  

 

  

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

           

Series 2014, Ref. RB

    5.00%   09/01/2029      985        1,026,835  

 

  

Series 2014, Ref. RB

    5.00%   09/01/2030      985        1,027,342  

 

  

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

           

Series 2017 A, RB(j)

   5.00%   05/15/2047      2,000        2,040,038  

 

  

Series 2022 A, RB(j)

   4.00%   05/15/2049      2,000        1,817,318  

 

  

Series 2022, RB(j)

   4.00%   05/15/2042      3,225        3,069,970  

 

  

Series 2022, RB(h)(j)

   5.25%   05/15/2047      8,000        8,530,077  

 

  

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

           

Series 2017 A, RB(j)

   5.00%   05/15/2037      1,500        1,555,476  

 

  

Series 2017 A, RB(j)

   5.00%   05/15/2042      1,000        1,026,065  

 

  

Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities); Series 2022, RB

    5.00%   09/01/2052      1,000        1,003,331  

 

  

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

    4.00%   12/01/2046      15,880        15,337,562  

 

  

Los Angeles County Facilities, Inc.; Series 2022, RB(h)

   4.00%   12/01/2048      25,000        24,539,693  

 

  

Los Angeles County Schools Regionalized Business Services Corp. (Los Angeles County Schools Pooled Financing Program); Series 1999 A, COP (INS - AMBAC)(c)(d)

   0.00%   08/01/2026      1,200        1,049,400  

 

  

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

           

Series 2020, RB

    4.00%   09/01/2045      850        746,249  

 

  

Series 2020, RB

    4.00%   09/01/2051      1,470        1,245,644  

 

  

 

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)

           

Manhattan Beach Unified School District (Measure C); Series 2020 B, GO Bonds

      4.00%       09/01/2045      $   4,485      $        4,471,741  

 

  

Marin (County of), CA Water District Financing Authority; Series 2017, RB(h)

     5.00%       07/01/2047        6,035        6,415,343  

 

  

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

           

Series 2020 A, RB

      4.00%       09/01/2040        300        271,904  

 

  

Series 2020 B, RB

      4.00%       09/01/2040        300        269,942  

 

  

Martinez Unified School District; Series 2021, GO Bonds (INS - AGM)(c)

     4.00%       08/01/2051        8,605        8,242,310  

 

  

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

      4.00%       09/01/2045        295        259,565  

 

  

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

      5.00%       09/01/2049        1,600        1,608,030  

 

  

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

      5.00%       09/01/2049        1,035        1,039,605  

 

  

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

     0.00%       08/01/2034        850        539,358  

 

  

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

     5.00%       11/01/2023        660        662,310  

 

  

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

     0.00%       08/01/2031        2,000        1,455,605  

 

  

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

     0.00%       08/01/2029        1,250        1,012,505  

 

  

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

           

Series 2019, RB

      5.00%       09/01/2044        435        445,879  

 

  

Series 2019, RB

      5.00%       09/01/2048        485        495,010  

 

  

Mountain House Public Financing Authority (Green Bonds);

           

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

     4.00%       12/01/2045        205        196,625  

 

  

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

     4.00%       12/01/2050        970        912,988  

 

  

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

     4.00%       12/01/2055        6,000        5,597,918  

 

  

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

     4.00%       12/01/2040        3,560        3,470,427  

 

  

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

     4.00%       12/01/2043        1,165        1,124,130  

 

  

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

      6.13%       11/01/2029        895        991,950  

 

  

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

     6.25%       08/01/2043        4,000        3,609,916  

 

  

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

     0.00%       09/01/2031        6,670        4,909,271  

 

  

North Orange (County of), CA Community College District; Series 2022 C, GO
Bonds(g)(h)     

      4.00%       08/01/2047        10,000        9,940,137  

 

  

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

     0.00%       08/01/2029        6,000        4,787,295  

 

  

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

     0.00%       08/01/2028        670        557,159  

 

  

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

      4.00%       11/01/2044        5,155        5,016,581  

 

  

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

      4.00%       09/01/2045        300        265,095  

 

  

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

           

Series 2020, RB

      4.00%       09/01/2043        120        107,185  

 

  

Series 2020, RB

      4.00%       09/01/2051        460        389,793  

 

  

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

      4.00%       08/15/2045        355        306,700  

 

  

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

           

Series 2014 A, Ref. RB

      5.00%       08/15/2033        1,000        1,011,579  

 

  

Series 2014 A, Ref. RB

      5.00%       08/15/2034        1,000        1,011,556  

 

  

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

           

Series 2015 A, RB

      5.00%       08/15/2035        270        276,727  

 

  

Series 2015 A, RB

      5.25%       08/15/2045        3,555        3,617,402  

 

  

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

      5.00%       08/15/2046        3,000        3,032,293  

 

  

Orange (County of), CA Community Facilities District No. 2021-1 (Ladera Ranch); Series 2022 A, RB

      5.00%       08/15/2052        2,200        2,229,309  

 

  

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

           

Series 2021, Ref. RB

      4.00%       09/01/2041        450        412,976  

 

  

Series 2021, Ref. RB

      4.00%       09/01/2051        650        563,910  

 

  

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

     6.38%       08/01/2045        6,670        5,907,047  

 

  

Palomar Health; Series 2017, COP

      4.00%       11/01/2047        1,240        1,074,236  

 

  

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

      3.00%       09/01/2041        1,920        1,360,198  

 

  

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

     0.00%       07/01/2049        8,440        2,256,361  

 

  

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

     4.00%       09/01/2050        2,500        2,408,581  

 

  

Rancho Cordova (City of), CA; Series 2022, RB

      5.00%       09/01/2051        1,200        1,214,368  

 

  

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

      4.00%       09/01/2050        400        352,040  

 

  

Regents of the University of California; Series 2013 AI, RB(h)

     5.00%       05/15/2038        6,000        6,047,512  

 

  

Regents of the University of California Medical Center;

           

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

     5.00%       05/15/2047        10,000        10,319,876  

 

  

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

     4.00%       05/15/2053        20,000        18,871,164  

 

  

River Islands Public Financing Authority; Series 2022 A-1, Ref. RB (INS - AGM)(c)

     5.25%       09/01/2052        1,400        1,506,572  

 

  

 

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)

           

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

           

Series 2015, RB

      5.00%       09/01/2040      $   2,760      $        2,801,497  

 

  

Series 2015, RB

      5.00%       09/01/2044        1,500        1,518,305  

 

  

Riverside (County of), CA Transportation Commission; Series 2021 B-1, Ref. RB

      4.00 %      06/01/2046        2,705        2,503,435  

 

  

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

           

Series 2020, RB

      4.00%       09/01/2045        125        110,456  

 

  

Series 2020, RB

      4.00%       09/01/2050        265        227,053  

 

  

Riverside Unified School District (Community Facilities District No. 33); Series 2021, RB

      4.00%       09/01/2045        425        373,125  

 

  

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

      5.00%       09/01/2038        1,660        1,690,546  

 

  

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

      4.00%       09/01/2050        570        490,685  

 

  

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

           

Series 2020, RB

      4.00%       09/01/2045        450        397,076  

 

  

Series 2020, RB

      4.00%       09/01/2050        1,000        859,499  

 

  

Series 2020, RB

      5.00%       09/01/2050        1,520        1,549,739  

 

  

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

           

Series 2020, RB

      4.00%       09/01/2045        150        135,035  

 

  

Series 2020, RB

      4.00%       09/01/2050        200        174,356  

 

  

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

      5.00%       06/01/2048        3,000        3,133,785  

 

  

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

     5.00%       07/01/2039        3,315        3,423,538  

 

  

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

           

Series 2020, RB

      4.00%       09/01/2040        185        167,431  

 

  

Series 2020, RB

      4.00%       09/01/2045        380        334,694  

 

  

Series 2020, RB

      4.00%       09/01/2050        225        191,547  

 

  

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

      6.40%       09/01/2025        1,185        1,188,836  

 

  

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

           

Series 2019 A, Ref. RB

      5.00%       07/01/2049        2,740        2,839,226  

 

  

Series 2019 B, Ref. RB(j)

     4.00%       07/01/2044        1,000        900,666  

 

  

Series 2021 B, RB(j)

     4.00%       07/01/2056        2,000        1,729,764  

 

  

Series 2021 B, RB(j)

     5.00%       07/01/2056        2,000        2,029,822  

 

  

Series 2022-XX1215, RB(h)(j)

     5.00%       07/01/2051        10,000        10,209,803  

 

  

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

     5.00%       04/01/2024        7,020        7,250,743  

 

  

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        9,272,517  

 

  

Series 2019 A, RB(j)

     5.00%       05/01/2044        2,515        2,581,481  

 

  

Series 2019 A, RB(j)

     5.00%       05/01/2049        1,000        1,019,713  

 

  

Series 2019 E, RB(h)(j)

     5.00%       05/01/2050        10,000        10,189,171  

 

  

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

           

Series 2020, RB

      4.00%       09/01/2042        225        204,077  

 

  

Series 2020, RB

      4.00%       09/01/2050        425        366,438  

 

  

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        1,580        1,592,435  

 

  

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        227,684  

 

  

Series 2014 A, RB

      5.00%       08/01/2028        370        382,806  

 

  

Series 2014 A, RB

      5.00%       08/01/2029        450        465,469  

 

  

Series 2014 A, RB

      5.00%       08/01/2032        785        811,795  

 

  

Series 2014 A, RB

      5.00%       08/01/2033        375        387,802  

 

  

Series 2014 A, RB

      5.00%       08/01/2043        1,000        1,031,808  

 

  

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        1,636,429  

 

  

San Francisco Bay Area Rapid Transit District; Series 2022-XF1331, GO Bonds(h)

     4.25%       08/01/2052        10,000        10,093,732  

 

  

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

      4.00%       01/15/2044        3,227        3,000,101  

 

  

San Jose (City of), CA; Series 2017 A, Ref. RB(j)

     5.00%       03/01/2047        6,995        7,074,906  

 

  

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

     0.00%       09/01/2032        1,000        711,341  

 

  

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

     5.00%       08/01/2030        2,500        2,505,120  

 

  

 

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 Marcos Unified School District;

           

Series 2021, RB

    4.00%   09/01/2044    $      550      $           486,398  

 

  

Series 2021, RB

    4.00%   09/01/2051      1,000        847,377  

 

  

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

    5.00%   08/01/2049      3,330        3,593,562  

 

  

San Pablo (County of), CA Joint Powers Financing Authority; Series 2022, Ref. RB (INS - AGM)(c)

   4.00%   11/01/2052      10,135        9,783,012  

 

  

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

   5.60%   08/01/2023      55        55,360  

 

  

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

   0.00%   04/01/2036      1,000        571,425  

 

  

Santa Clarita Community College District; Series 2019, GO Bonds

    3.00%   08/01/2044      2,370        1,928,337  

 

  

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

           

Series 2013, RB

    5.63%   09/01/2036      1,915        1,936,751  

 

  

Series 2013, RB

    5.63%   09/01/2043      2,880        2,904,318  

 

  

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

   0.00%   06/01/2036      8,000        3,784,512  

 

  

Simi Valley Unified School District (Election of 2004);

           

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

   0.00%   08/01/2028      1,520        1,266,118  

 

  

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

   0.00%   08/01/2029      5,000        4,007,754  

 

  

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

   0.00%   08/01/2030      1,210        931,806  

 

  

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

           

Series 2014 A, Ref. RB

    5.00%   08/15/2028      750        758,541  

 

  

Series 2014 A, Ref. RB

    5.00%   08/15/2029      900        910,202  

 

  

Series 2014 A, Ref. RB

    5.00%   08/15/2030      1,000        1,011,285  

 

  

Series 2014 A, Ref. RB

    5.00%   08/15/2032      1,680        1,697,919  

 

  

Series 2014 A, Ref. RB

    5.00%   08/15/2033      1,000        1,010,242  

 

  

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

    4.00%   09/01/2044      1,000        887,216  

 

  

State of California Department of Water Res. (Central Valley Project); Series 2012 AN, RB

    5.00%   12/01/2032      1,600        1,600,000  

 

  

Stockton (City of), CA Community Facilities District (Westlake Villages II); Series 2022, RB

    5.13%   09/01/2052      700        692,510  

 

  

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        1,502,832  

 

  

Temescal Valley Water District;

           

Series 2021, RB

    4.00%   09/01/2046      500        438,020  

 

  

Series 2021, RB

    4.00%   09/01/2051      930        793,550  

 

  

Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1); Series 2021, Ref. RB

    4.00%   09/01/2051      2,500        2,144,706  

 

  

Torrance Unified School District (Election of 2008-Measure Z); Series 2009, GO Bonds(d)

   0.00%   08/01/2034      1,400        866,695  

 

  

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

    5.00%   09/01/2052      1,645        1,666,991  

 

  

Transbay Joint Powers Authority (Green Bonds);

           

Series 2020 A, RB

    5.00%   10/01/2045      5,000        5,157,601  

 

  

Series 2020 A, RB

    5.00%   10/01/2049      3,090        3,142,818  

 

  

Series 2020 B, RB

    5.00%   10/01/2034      300        318,173  

 

  

Series 2020 B, RB

    5.00%   10/01/2038      300        312,486  

 

  

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

   4.00%   05/15/2047      7,600        7,566,529  

 

  

University of California (Limited); Series 2018 O, Ref. RB(h)

   5.00%   05/15/2058      10,000        10,572,932  

 

  

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

   0.00%   08/01/2025      5,000        4,621,728  

 

  

West Patterson Financing Authority (Community Facilities District No. 2018-1);

           

Series 2021, RB

    4.00%   09/01/2041      375        337,298  

 

  

Series 2021, RB

    4.00%   09/01/2046      550        480,247  

 

  

Series 2021, RB

    4.00%   09/01/2051      765        648,243  

 

  

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

    5.00%   09/01/2049      1,000        1,022,885  

 

  

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

   0.00%   08/01/2032      9,370        6,776,289  

 

  

Woodland (City of), CA Community Facilities District 2004-1; Series 2019, RB

    5.00%   09/01/2048      1,620        1,653,434  

 

  
             848,990,599  

 

  

Puerto Rico–2.29%

           

Children’s Trust Fund;

           

Series 2002, RB

    5.50%   05/15/2039      1,860        1,855,356  

 

  

Series 2002, RB

    5.63%   05/15/2043      300        300,081  

 

  

Series 2005 A, RB(d)

   0.00%   05/15/2050      4,325        749,535  

 

  

Puerto Rico (Commonwealth of) Electric Power Authority;

           

Series 2007 VV, Ref. RB (Acquired 07/19/2018; Cost $ 1,203,313) (INS - NATL)(c)(k)

   5.25%   07/01/2030      1,150        1,154,077  

 

  

Series 2007 VV, Ref. RB (Acquired 04/24/2020; Cost $ 2,014,916) (INS - NATL)(c)(k)

   5.25%   07/01/2033      2,000        1,993,488  

 

  

 

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  

 

  

Puerto Rico–(continued)

           

Puerto Rico Sales Tax Financing Corp.;

           

Series 2018 A-1, RB(d)

     0.00%       07/01/2031      $ 1,500      $ 974,174  

 

  

Series 2018 A-1, RB(d)

     0.00%       07/01/2046        10,000        2,520,251  

 

  

Series 2018 A-1, RB(d)

     0.00%       07/01/2051        13,280        2,498,794  

 

  
             12,045,756  

 

  

Guam–1.93%

           

Guam (Territory of) International Airport Authority;

           

Series 2013 C, RB(e)(f)(j)

     6.38%       10/01/2023        1,560        1,601,606  

 

  

Series 2013 C, RB(e)(j)

     6.38%       10/01/2043        1,440        1,478,405  

 

  

Guam (Territory of) Port Authority; Series 2018 A, RB

      5.00%       07/01/2048        3,675        3,714,765  

 

  

Guam (Territory of) Waterworks Authority;

           

Series 2014 A, Ref. RB

      5.00%       07/01/2035        1,800        1,816,069  

 

  

Series 2020 A, RB

      5.00%       01/01/2050        1,540        1,547,198  

 

  
             10,158,043  

 

  

Virgin Islands–0.68%

           

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

      5.00%       09/01/2044        1,720        1,519,457  

 

  

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

     5.00%       09/01/2030        2,000        2,035,839  

 

  
             3,555,296  

 

  

TOTAL INVESTMENTS IN SECURITIES(l)–166.30%  (Cost $895,682,166)

              874,749,694  

 

  

FLOATING RATE NOTE OBLIGATIONS–(27.29)%

           

Notes with interest and fee rates ranging from 2.44% to 2.62% at 11/30/2022 and contractual maturities of collateral ranging from 08/01/2031 to 04/01/2056(m)

             (143,570,000 ) 

 

  

VARIABLE RATE MUNI TERM PREFERRED SHARES–(39.59)%

              (208,255,902 ) 

 

  

OTHER ASSETS LESS LIABILITIES–0.58%

              3,081,955  

 

  

NET ASSETS APPLICABLE TO COMMON SHARES–100.00%

            $ 526,005,747  

 

  

 

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) 

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

(c) 

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

(d) 

Zero coupon bond issued at a discount.

(e) 

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

(f) 

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

(g) 

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 $46,515,000. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the TOB Trusts.

(h) 

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

(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, 2022 was $60,086,518, which represented 11.42% of the Trust’s Net Assets.

(j) 

Security subject to the alternative minimum tax.

(k) 

Restricted security. The aggregate value of these securities at November 30, 2022 was $3,147,565, which represented less than 1% of the Trust’s Net Assets.

(l) 

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.

      6.10 % 

 

  
(m) 

Floating rate note obligations related to securities held. The interest and fee rates shown reflect the rates in effect at November 30, 2022. At November 30, 2022, the Trust’s investments with a value of $210,423,061 are held by TOB Trusts and serve as collateral for the $143,570,000 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

November 30, 2022

(Unaudited)

NOTE 1–Additional Valuation Information

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

Level 1   –   Prices are determined using quoted prices in an active market for identical assets.
Level 2   –   Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3   –   Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.’s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

    As of November 30, 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