Schedule of Investments
May 31, 2023
(Unaudited)
  Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Municipal Obligations–159.68%(a)
Alabama–1.60%
Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging); Series 2016, RB 5.75% 06/01/2045   $   245 $     206,306
Birmingham (City of), AL Water Works Board; Series 2016 B, Ref. RB(b)(c) 5.00% 01/01/2027    1,260    1,349,422
Black Belt Energy Gas District (The) (No. 8); Series 2022 A, RB(c) 4.00% 12/01/2029    1,445    1,399,459
Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village); Series 2007, RB (Acquired 12/17/2007-12/18/2007; Cost $2,200,715)(d)(e) 5.50% 01/01/2043    2,525    1,515,000
Lower Alabama Gas District (The); Series 2016 A, RB 5.00% 09/01/2046    1,360    1,366,527
Southeast Energy Authority A Cooperative District (No. 2); Series 2021 B, RB(c) 4.00% 12/01/2031    1,520    1,491,830
Southeast Energy Authority A Cooperative District (No. 3); Series 2022 A-1, RB(c) 5.50% 12/01/2029    1,430    1,525,044
Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining); Series 2019 A, Ref. IDR(f) 5.25% 05/01/2044      835      740,012
          9,593,600
Alaska–0.06%
Northern Tobacco Securitization Corp.; Series 2021 A-1, Ref. RB 4.00% 06/01/2050      425      372,101
Arizona–2.38%
Arizona (State of) Industrial Development Authority; Series 2019-2A, Revenue Ctfs. 3.63% 05/20/2033    1,066      974,915
Arizona (State of) Industrial Development Authority (Leman Academy of Excellence); Series 2019 A, RB(f) 5.00% 07/01/2039    1,215    1,130,718
Arizona (State of) Industrial Development Authority (Master Academy of Nevada - Bonanza Campus); Series 2020 A, RB(f) 5.00% 12/15/2040      255      246,328
Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus);                              
Series 2017, Ref. RB 5.00% 11/15/2030    1,170    1,118,060
Series 2017, Ref. RB 5.00% 11/15/2045      905      731,211
Goodyear (City of), AZ; Series 2020, RB (INS - AGM)(g) 4.00% 07/01/2045    1,750    1,702,584
Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools); Series 2019, Ref. RB(f) 5.00% 07/01/2054      230      199,493
Phoenix (City of), AZ Industrial Development Authority (Legacy Traditional Schools); Series 2014 A, RB(f) 6.50% 07/01/2034      510      519,860
Pima (County of), AZ Industrial Development Authority (American Leadership Academy); Series 2019, Ref. RB(f) 5.00% 06/15/2052      365      323,287
Pima (County of), AZ Industrial Development Authority (Grande Innovations Academy); Series 2018, RB(f) 5.38% 07/01/2052    1,215    1,106,409
Pima (County of), AZ Industrial Development Authority (Tucson Medical Center); Series 2021, Ref. RB 3.00% 04/01/2051    1,070      746,911
Salt Verde Financial Corp.;                              
Series 2007, RB 5.00% 12/01/2032      785      819,454
Series 2007, RB 5.00% 12/01/2037    3,520    3,579,461
Yuma (City of), AZ Industrial Development Authority (Regional Medical Center); Series 2014 A, RB 5.00% 08/01/2029    1,000    1,016,006
          14,214,697
Arkansas–0.11%
Arkansas (State of) Development Finance Authority (Baptist Memorial Health); Series 2020, Ref. RB 5.00% 09/01/2044      630      631,276
California–17.96%
Bay Area Toll Authority (San Francisco Bay Area);                              
Series 2017 F-1, RB(b)(c)(h)(i) 5.00% 04/01/2027    2,550    2,764,826
Series 2017, Ref. RB 4.00% 04/01/2038    2,200    2,216,168
Beverly Hills Unified School District (Election of 2008); Series 2009, GO Bonds(j) 0.00% 08/01/2028    1,250    1,059,625
California (State of);                              
Series 2013, Ref. GO Bonds 5.25% 09/01/2030    2,500    2,511,063
Series 2020, GO Bonds (INS - BAM)(g) 3.00% 11/01/2050    2,375    1,839,908
Series 2022, Ref. GO Bonds 4.00% 04/01/2042    3,275    3,297,655
Series 2023, GO Bonds 5.00% 10/01/2045    1,500    1,681,953
California (State of) Community Housing Agency (Annadel Apartments); Series 2019 A, RB(f) 5.00% 04/01/2049      855      706,504
California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.); Series 2006 C, RB(j) 0.00% 06/01/2055   11,260    1,019,307
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade Municipals

  Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
California–(continued)
California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.);                              
Series 2020 A, Ref. RB 4.00% 06/01/2040   $   300 $     293,199
Series 2020 B-1, Ref. RB 5.00% 06/01/2049       55       55,327
Series 2020 B-2, Ref. RB(j) 0.00% 06/01/2055    1,700      284,116
California (State of) Health Facilities Financing Authority (PIH Health); Series 2020 A, RB 4.00% 06/01/2050    4,265    3,869,809
California (State of) Housing Finance Agency (Social Certificates);                              
Series 2021 A, RB 3.25% 08/20/2036        5        4,369
Series 2021-2A, Revenue Ctfs. (CEP - FHLMC) 3.75% 03/25/2035    4,188    4,049,137
Series 2023 1, RB 4.38% 09/20/2036      855      845,508
California (State of) Infrastructure & Economic Development Bank; Series 2020, RB(c)(f)(k) 3.65% 01/31/2024      940      936,746
California (State of) Municipal Finance Authority (Bella Mente Montessori Academy); Series 2018 A, RB(f) 5.00% 06/01/2048      195      173,370
California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing); Series 2018, RB 5.00% 05/15/2037    1,365    1,412,317
California (State of) Municipal Finance Authority (Linxs APM);                              
Series 2018 A, RB(k) 5.00% 12/31/2036    1,700    1,750,336
Series 2018 A, RB(k) 5.00% 12/31/2047    2,055    2,072,478
California (State of) Municipal Finance Authority (United Airlines, Inc.); Series 2019, RB(k) 4.00% 07/15/2029    1,700    1,656,819
California (State of) Municipal Finance Authority (William Jessup University); Series 2019, Ref. RB(f) 5.00% 08/01/2039      255      236,798
California (State of) Pollution Control Financing Authority;                              
Series 2012, RB(f)(k) 5.00% 07/01/2027    1,130    1,138,261
Series 2012, RB(f)(k) 5.00% 07/01/2030    1,650    1,660,644
Series 2012, RB(f)(k) 5.00% 07/01/2037    3,610    3,616,605
California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center);                              
Series 2016 A, RB(f) 5.00% 12/01/2041    1,380    1,336,536
Series 2016 A, RB(f) 5.25% 12/01/2056    1,025      963,827
California State University;                              
Series 2019 A, RB 5.00% 11/01/2044    2,525    2,732,523
Series 2019 A, RB(i) 5.00% 11/01/2049    2,160    2,317,724
Cambrian School District; Series 2022, GO Bonds 4.00% 08/01/2052    2,355    2,270,039
CSCDA Community Improvement Authority (Jefferson-Anaheim Social Bonds); Series 2021 A, RB(f) 3.13% 08/01/2056      850      579,675
CSCDA Community Improvement Authority (Oceanaire-Long Beach Social Bonds); Series 2021 A-2, RB(f) 4.00% 09/01/2056      850      635,558
CSCDA Community Improvement Authority (Parallel-Anaheim Social Bonds); Series 2021, RB(f) 4.00% 08/01/2056      510      374,865
Daly City (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition); Series 2007 C, Ref. RB 6.50% 12/15/2047      520      513,083
Foothill-Eastern Transportation Corridor Agency; Series 2015, Ref. RB (INS - AGM)(g)(j) 0.00% 01/15/2034    4,225    2,846,737
Golden State Tobacco Securitization Corp.;                              
Series 2013 A, RB 5.00% 06/01/2023    1,400    1,400,000
Series 2015, Ref. RB(b)(c) 5.00% 06/01/2025    2,245    2,337,477
Series 2015, Ref. RB(b)(c) 5.00% 06/01/2025    2,755    2,868,485
Series 2021 B-2, Ref. RB(j) 0.00% 06/01/2066    2,845      289,006
Los Angeles (City of), CA Department of Airports; Series 2019 A, Ref. RB(k) 5.00% 05/15/2034      925      995,470
Los Angeles (City of), CA Department of Airports (Green Bonds); Series 2022 G, RB(k) 5.50% 05/15/2036    1,775    2,012,393
Los Angeles (City of), CA Department of Airports (Los Angeles International Airport); Series 2019 A, Ref. RB(k) 5.00% 05/15/2036    1,700    1,806,171
Los Angeles (City of), CA Departments of Water & Power; Series 2020 B, RB(i) 5.00% 07/01/2050    2,385    2,572,468
Montebello Unified School District; Series 2022 B, GO Bonds (INS - AGM)(g) 5.00% 08/01/2050    1,260    1,341,279
M-S-R Energy Authority;                              
Series 2009 A, RB 6.50% 11/01/2039    2,315    2,690,340
Series 2009 B, RB 6.13% 11/01/2029      895      954,065
Series 2009 B, RB 6.50% 11/01/2039      595      691,470
Mt. San Antonio Community College District (Election of 2008); Series 2013 A, GO Bonds(l) 6.25% 08/01/2043    2,055    1,864,305
Oxnard School District (Election of 2022); Series 2023 A, GO Bonds (INS - BAM)(g) 4.25% 08/01/2053    3,125    3,116,283
Pittsburg Unified School District (Election of 2018); Series 2023 D, GO Bonds (INS - AGM)(g) 4.25% 08/01/2049    3,000    3,008,414
Regents of the University of California Medical Center; Series 2022 P, RB(h)(i) 4.00% 05/15/2053    5,545    5,058,238
Sacramento (City of), CA Unified School District (Election of 2020);                              
Series 2022 A, GO Bonds (INS - BAM)(g) 5.50% 08/01/2047    1,330    1,475,109
Series 2022 A, GO Bonds (INS - BAM)(g) 5.50% 08/01/2052    1,615    1,786,110
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade Municipals

  Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
California–(continued)
San Diego (County of), CA Regional Airport Authority;                              
Series 2021 A, RB 4.00% 07/01/2051   $ 2,100 $   1,990,489
Series 2021 A, RB 5.00% 07/01/2056    2,045    2,172,058
San Francisco (City & County of), CA Airport Commission (San Francisco International Airport);                              
Series 2016, RB(k) 5.00% 05/01/2046    5,000    5,064,041
Series 2019 E, RB(k) 5.00% 05/01/2037      680      716,438
Series 2019 E, RB(k) 5.00% 05/01/2050    2,400    2,467,099
Series 2020 A, Ref. RB(k) 4.00% 05/01/2039      475      458,892
Series 2021 A, Ref. RB(k) 5.00% 05/01/2036      620      668,146
Santa Margarita Water District (Community Facilities District No. 2013-1); Series 2013, RB(b)(c) 5.50% 09/01/2023      685      688,499
Silicon Valley Tobacco Securitization Authority (Santa Clara); Series 2007 A, RB(j) 0.00% 06/01/2041    3,560    1,265,572
          107,481,732
Colorado–5.39%
Aurora Highlands Community Authority Board; Series 2021 A, Ref. RB 5.75% 12/01/2051      850      762,820
Belford North Metropolitan District; Series 2020 A, GO Bonds 5.50% 12/01/2050    1,060      941,593
Centerra Metropolitan District No. 1 (In the City of Loveland);                              
Series 2017, RB(f) 5.00% 12/01/2047    1,715    1,542,158
Series 2020 A, Ref. GO Bonds 5.00% 12/01/2051      680      585,215
Series 2022, RB 6.50% 12/01/2053      600      603,173
Colorado (State of) Health Facilities Authority (Adventhealth Obligated Group); Series 2021 A, Ref. RB 4.00% 11/15/2050      760      716,874
Colorado (State of) Health Facilities Authority (CommonSpirit Health);                              
Series 2019 A-2, Ref. RB 5.00% 08/01/2044    3,750    3,860,894
Series 2019 A-2, Ref. RB 4.00% 08/01/2049    1,705    1,535,864
Colorado (State of) Health Facilities Authority (Evangelical Lutheran Good Samaritan Society (The)); Series 2017, Ref. RB(b)(c) 5.00% 06/01/2027      600      646,005
Colorado (State of) Health Facilities Authority (Volunteers of America Care);                              
Series 2007 A, RB 5.25% 07/01/2027      670      620,896
Series 2007 A, RB 5.30% 07/01/2037      250      195,877
Colorado (State of) High Performance Transportation Enterprise (C-470 Express Lanes); Series 2017, RB 5.00% 12/31/2047      945      945,244
Colorado (State of) Science and Technology Park Metropolitan District No. 1; Series 2018, RB 5.00% 12/01/2033      500      492,953
Colorado Crossing Metropolitan District No. 2; Series 2020 A-1, Ref. GO Bonds 5.00% 12/01/2047      500      431,240
Denver (City & County of), CO;                              
Series 2018 A, RB(i)(k) 5.25% 12/01/2048    1,795    1,859,850
Series 2018 A, Ref. RB(k) 5.25% 12/01/2048    1,650    1,709,612
Series 2018 A-2, RB(j) 0.00% 08/01/2033    2,300    1,531,358
Series 2022 A, RB(k) 5.50% 11/15/2035      885    1,012,279
Series 2022 A, RB(k) 5.50% 11/15/2042    1,235    1,364,297
Series 2022 A, RB(k) 5.00% 11/15/2047    2,050    2,141,279
Series 2022 A, RB(k) 5.50% 11/15/2053      630      682,659
Great Western Metropolitan District; Series 2020, Ref. GO Bonds 4.75% 12/01/2050      470      403,719
Hogback Metropolitan District; Series 2021 A, GO Bonds 5.00% 12/01/2051      550      472,639
Jefferson (County of), CO Center Metropolitan District No. 1; Series 2020 B, Ref. RB 5.75% 12/15/2050      740      709,895
Johnstown Plaza Metropolitan District; Series 2022, Ref. GO Bonds 4.25% 12/01/2046      835      670,450
Mulberry Metropolitan District No. 2; Series 2022, RB 7.00% 12/01/2034      765      777,310
Neu Town Metropolitan District; Series 2018 A, Ref. GO Bonds 5.38% 12/01/2046      720      681,121
North Range Metropolitan District No. 3; Series 2020 A, GO Bonds 5.00% 12/01/2040      665      605,642
Rampart Range Metropolitan District No. 5; Series 2021, RB 4.00% 12/01/2051      500      347,620
Village Metropolitan District (The); Series 2020, Ref. GO Bonds 5.00% 12/01/2049      875      813,320
White Buffalo Metropolitan District No. 3; Series 2020, GO Bonds 5.50% 12/01/2050      600      552,224
Windler Public Improvement Authority;                              
Series 2021 A-1, RB 4.13% 12/01/2051    1,360      823,833
Series 2021 A-2, RB(l) 4.50% 12/01/2041    2,105    1,194,422
          32,234,335
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade Municipals

  Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
District of Columbia–3.56%
District of Columbia;                              
Series 2014 C, GO Bonds(i) 5.00% 06/01/2035   $ 7,050 $   7,143,823
Series 2022 A, RB 5.00% 07/01/2047    1,700    1,861,069
District of Columbia (Provident Group - Howard Properties LLC); Series 2013, RB 5.00% 10/01/2045      695      662,596
District of Columbia Water & Sewer Authority (Green Bonds); Series 2022 C-1, RB 4.00% 10/01/2051    3,405    3,205,338
Metropolitan Washington Airports Authority;                              
Series 2017, Ref. RB(k) 5.00% 10/01/2042    2,740    2,808,419
Series 2021 A, Ref. RB(k) 4.00% 10/01/2041    1,425    1,374,855
Series 2023 A, Ref. RB(k) 5.25% 10/01/2042    1,335    1,441,210
Series 2023 A, Ref. RB(k) 5.25% 10/01/2043    1,170    1,261,152
Metropolitan Washington Airports Authority (Dulles Metrorail and Capital Improvement); Series 2019 B, Ref. RB 4.00% 10/01/2049    1,705    1,561,936
          21,320,398
Florida–10.61%
Alachua (County of), FL Health Facilities Authority (Terraces at Bonita Springs);                              
Series 2022 A, Ref. RB(f) 5.00% 11/15/2061    1,075      704,877
Series 2022 B, RB(f) 6.50% 11/15/2033      100       88,483
Brevard (County of), FL Health Facilities Authority (Health First Obligated Group); Series 2022 A, Ref. RB 4.00% 04/01/2052      515      464,684
Broward (County of), FL;                              
Series 2013 C, RB(b)(c) 5.25% 10/01/2023    2,380    2,394,437
Series 2017, RB(h)(i)(k) 5.00% 10/01/2047    2,645    2,691,314
Series 2019 B, RB(k) 4.00% 09/01/2044      850      801,538
Series 2022 A, RB 4.00% 10/01/2047    3,720    3,641,369
Series 2022, RB 5.00% 01/01/2047    1,715    1,837,395
Broward (County of), FL (Convention Center Expansion); Series 2021, RB 4.00% 09/01/2047    3,400    3,246,428
Collier (County of), FL Industrial Development Authority (The Arlington of Naples); Series 2014 A, RB (Acquired 12/16/2013; Cost $1,309,157)(d)(e)(f) 7.75% 05/15/2035    1,046      115,067
Florida (State of) North Broward Hospital District; Series 2017 B, Ref. RB 5.00% 01/01/2042    1,230    1,252,636
Florida (State of) South Broward Hospital District (South Broward Hospital District Obligated Group); Series 2021 A, RB 3.00% 05/01/2051      855      605,847
Florida Development Finance Corp. (Brightline Fllorida Passenger Rail Expansion); Series 2022 A, Ref. RB(c)(f)(k) 7.25% 10/03/2023      850      864,021
Florida Development Finance Corp. (Green Bonds); Series 2019 B, RB(f)(k) 7.38% 01/01/2049      680      656,712
Gainesville (City of), FL; Series 2019 A, RB 5.00% 10/01/2047    1,250    1,320,065
Gramercy Farms Community Development District; Series 2011, Ref. RB(m) 0.00% 05/01/2039    1,025      533,000
Greater Orlando Aviation Authority;                              
Series 2017 A, RB(k) 5.00% 10/01/2052    1,805    1,830,395
Series 2019 A, RB(k) 4.00% 10/01/2044    2,250    2,127,641
Lake (County of), FL (Lakeside at Waterman Village);                              
Series 2020 A, Ref. RB 5.50% 08/15/2040      660      578,541
Series 2020 A, Ref. RB 5.75% 08/15/2050      290      246,457
Series 2020 A, Ref. RB 5.75% 08/15/2055    1,070      889,093
Lee (County of), FL;                              
Series 2021 B, RB(k) 5.00% 10/01/2034    1,060    1,153,041
Series 2022, RB 5.25% 08/01/2049    4,260    4,597,197
Miami (City of) & Dade (County of), FL School Board; Series 2022 A, GO Bonds (INS - BAM)(g) 5.00% 03/15/2052    2,020    2,198,571
Miami Beach (City of), FL; Series 2017, Ref. RB 5.00% 09/01/2047    1,175    1,175,011
Miami Beach (City of), FL Health Facilities Authority (Mt. Sinai Medical Center); Series 2014, Ref. RB 5.00% 11/15/2044      955      958,355
Miami-Dade (County of), FL;                              
Series 2021, RB 4.00% 10/01/2048    3,375    3,190,682
Series 2022 A, Ref. RB(k) 5.25% 10/01/2052    1,365    1,439,446
Subseries 2021 A-2, Ref. RB (INS - AGM)(g) 4.00% 10/01/2049    2,565    2,445,744
Miami-Dade (County of), FL Expressway Authority; Series 2010 A, RB 5.00% 07/01/2040    5,630    5,658,559
Miami-Dade (County of), FL Transit System; Series 2022, RB 5.00% 07/01/2051    4,275    4,583,473
Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group); Series 2023 A, RB 5.00% 10/01/2053    1,025    1,072,022
Orange (County of), FL Housing Finance Authority (H.A.N.D.S., Inc.); Series 1995 A, RB 7.00% 10/01/2025      330      330,706
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade Municipals

  Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Florida–(continued)
Osceola (County of), FL;                              
Series 2020 A-2, Ref. RB(j) 0.00% 10/01/2050   $ 2,000 $     444,948
Series 2020 A-2, Ref. RB(j) 0.00% 10/01/2052      460       90,800
Series 2020 A-2, Ref. RB(j) 0.00% 10/01/2053      455       84,575
Series 2020 A-2, Ref. RB(j) 0.00% 10/01/2054      390       68,580
Putnam (County of), FL Development Authority (Seminole Electric Cooperative); Series 2018 B, Ref. PCR 5.00% 03/15/2042      855      888,153
Reunion East Community Development District; Series 2005, RB(d)(m) 5.80% 05/01/2036      348            4
Sarasota (County of), FL Public Hospital District (Sarasota Memorial Hospital); Series 2022, RB 4.00% 07/01/2052    1,705    1,522,726
South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group); Series 2017, Ref. RB 4.00% 08/15/2047      855      791,317
Sterling Hill Community Development District; Series 2003 A, RB(m)(n) 6.20% 05/01/2035    1,149      586,097
Sumter (County of), FL Industrial Development Authority (Central Florida Health Alliance); Series 2014 A, RB 5.25% 07/01/2044    1,000    1,002,418
Tallahassee (City of), FL (Tallahassee Memorial Health Care, Inc.); Series 2016, RB 5.00% 12/01/2055    1,380    1,362,774
Tampa (City of), FL; Series 2020 A, RB(j) 0.00% 09/01/2049    3,410      925,789
          63,460,988
Georgia–1.71%
Augusta (City of), GA Development Authority; Series 2018, RB 4.00% 07/01/2038    3,090    2,691,152
Brookhaven Development Authority (Children’s Healthcare of Atlanta, Inc.); Series 2019 A, RB(h)(i) 4.00% 07/01/2044    3,405    3,331,215
Gainesville (City of) & Hall (County of), GA Hospital Authority (Northeast Georgia Health System, Inc.); Series 2021 A, RB 3.00% 02/15/2051      510      366,280
Main Street Natural Gas, Inc.;                              
Series 2021 A, RB(c) 4.00% 09/01/2027    1,360    1,354,363
Series 2021 C, RB(c) 4.00% 12/01/2028    1,260    1,250,425
Series 2022 C, RB(c)(f) 4.00% 11/01/2027    1,285    1,238,757
          10,232,192
Hawaii–0.33%
Hawaii (State of) Department of Budget & Finance (Hawaii Pacific Health Obligated Group); Series 2013 A, Ref. RB(b) 5.50% 07/01/2043    2,000    2,001,084
Idaho–0.81%
Idaho (State of) Health Facilities Authority (Valley Vista Care Corp.);                              
Series 2017 A, Ref. RB 5.00% 11/15/2032      360      311,030
Series 2017 A, Ref. RB 5.25% 11/15/2037      505      413,870
Idaho (State of) Housing & Finance Association; Series 2023 A, RB 5.25% 08/15/2048    2,565    2,863,005
Spring Valley Community Infrastructure District No. 1; Series 2021, RB(f) 3.75% 09/01/2051    1,705    1,266,001
          4,853,906
Illinois–13.53%
Chicago (City of), IL;                              
Series 2002 B, GO Bonds 5.50% 01/01/2037    1,075    1,094,302
Series 2005 D, Ref. GO Bonds 5.50% 01/01/2040      435      441,813
Series 2007 E, Ref. GO Bonds 5.50% 01/01/2042      350      354,681
Series 2012, RB(b)(c) 5.00% 06/12/2023    2,745    2,746,083
Series 2014, RB 5.00% 11/01/2039      880      889,220
Series 2014, Ref. RB(b)(c) 5.00% 01/01/2024    1,200    1,210,690
Series 2015 A, GO Bonds 5.50% 01/01/2033    3,475    3,548,603
Series 2017 A, Ref. GO Bonds 6.00% 01/01/2038    2,075    2,200,541
Chicago (City of), IL (O’Hare International Airport);                              
Series 2015 C, RB(k) 5.00% 01/01/2046      865      866,859
Series 2016 C, Ref. RB 5.00% 01/01/2037    1,720    1,771,372
Series 2017 D, RB 5.25% 01/01/2042    1,385    1,441,262
Series 2017 D, RB 5.00% 01/01/2052    1,495    1,527,043
Series 2022 A, RB (INS - AGM)(g)(k) 5.50% 01/01/2053    1,420    1,522,653
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade Municipals

  Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Illinois–(continued)
Chicago (City of), IL Board of Education;                              
Series 2017 H, GO Bonds 5.00% 12/01/2046   $   655 $     633,038
Series 2018 A, Ref. GO Bonds (INS - AGM)(g) 5.00% 12/01/2032      735      777,309
Series 2018 A, Ref. GO Bonds 5.00% 12/01/2035      750      762,500
Chicago (City of), IL Metropolitan Water Reclamation District (Green Bonds); Series 2021 A, GO Bonds 4.00% 12/01/2051      830      786,411
Chicago (City of), IL Midway International Airport;                              
Series 2013 A, Ref. RB(k) 5.50% 01/01/2032    2,770    2,772,023
Series 2014 A, Ref. RB(k) 5.00% 01/01/2041    1,275    1,276,041
Chicago (City of), IL Park District;                              
Series 2020 C, GO Bonds (INS - BAM)(g) 4.00% 01/01/2042    1,250    1,178,956
Series 2020 D, GO Bonds (INS - BAM)(g) 4.00% 01/01/2036    1,000      987,327
Chicago (City of), IL Transit Authority; Series 2014, RB 5.00% 12/01/2044    3,485    3,513,211
Illinois (State of);                              
Series 2013, GO Bonds(b)(c) 5.50% 07/10/2023    2,525    2,530,120
Series 2014, GO Bonds 5.25% 02/01/2034    1,300    1,310,039
Series 2014, GO Bonds 5.00% 05/01/2035      370      372,703
Series 2014, GO Bonds 5.00% 05/01/2036    1,150    1,157,236
Series 2016, GO Bonds 5.00% 11/01/2036      930      955,121
Series 2017 C, GO Bonds 5.00% 11/01/2029      270      287,299
Series 2017 D, GO Bonds 5.00% 11/01/2023    1,825    1,833,553
Series 2017 D, GO Bonds 5.00% 11/01/2024       85       86,487
Series 2017 D, GO Bonds 5.00% 11/01/2026    1,325    1,391,014
Series 2018 A, GO Bonds 6.00% 05/01/2027      780      854,224
Series 2018 A, GO Bonds 5.00% 05/01/2030    1,255    1,344,834
Series 2020, GO Bonds 5.50% 05/01/2039    1,710    1,867,497
Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.); Series 2002, RB(k) 8.00% 06/01/2032      370      370,303
Illinois (State of) Finance Authority (Centegra Health System); Series 2014 A, RB(b)(c) 5.00% 09/01/2024    1,470    1,499,673
Illinois (State of) Finance Authority (Lutheran Communities Obligated Group);                              
Series 2019 A, Ref. RB 5.00% 11/01/2040       60       50,918
Series 2019 A, Ref. RB 5.00% 11/01/2049    1,245      978,043
Illinois (State of) Finance Authority (Mercy Health Corp.); Series 2016, Ref. RB 5.00% 12/01/2046    4,140    4,165,789
Illinois (State of) Finance Authority (Park Place of Elmhurst); Series 2016, RB 5.13% 05/15/2060    1,411      814,996
Illinois (State of) Finance Authority (Roosevelt University); Series 2007, RB 5.50% 04/01/2037    1,000      909,570
Illinois (State of) Finance Authority (Three Crowns Park);                              
Series 2017, Ref. RB 5.00% 02/15/2032      155      153,267
Series 2017, Ref. RB 5.25% 02/15/2037      200      197,104
Series 2017, Ref. RB 5.25% 02/15/2047      850      787,018
Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion);                              
Series 2002, RB (INS - AGM)(g)(j) 0.00% 12/15/2029    2,800    2,180,662
Series 2015 A, RB 5.50% 06/15/2053    1,800    1,823,508
Illinois (State of) Municipal Electric Agency; Series 2015 A, Ref. RB 4.00% 02/01/2035    2,055    2,066,464
Illinois (State of) Regional Transportation Authority; Series 2000, RB (INS - NATL)(g) 6.50% 07/01/2030    2,305    2,720,337
Illinois (State of) Sports Facilities Authority;                              
Series 2014, Ref. RB (INS - AGM)(g) 5.25% 06/15/2031    1,235    1,251,091
Series 2014, Ref. RB (INS - AGM)(g) 5.25% 06/15/2032    1,125    1,138,744
Illinois (State of) Toll Highway Authority;                              
Series 2013 A, RB(i) 5.00% 01/01/2038    3,875    3,878,680
Series 2013 A, RB 5.00% 01/01/2038    3,045    3,047,892
Series 2015 A, RB(i) 5.00% 01/01/2040    6,480    6,608,662
          80,934,786
Indiana–1.88%
Indiana (State of) Finance Authority (Franciscan Alliance, Inc. Obligated Group); Series 2016, Ref. RB 5.00% 11/01/2041    2,250    2,289,870
Indiana (State of) Finance Authority (KIPP Indianapolis, Inc.); Series 2020 A, RB 5.00% 07/01/2040      170      162,468
Indiana (State of) Finance Authority (Ohio River Bridges East End Crossing);                              
Series 2013 A, RB(b)(c)(k) 5.00% 07/01/2023      500      500,534
Series 2013, RB(b)(c)(k) 5.00% 07/01/2023    2,310    2,312,465
Indiana (State of) Finance Authority (Ohio Valley Electrical Corp.); Series 2012 A, RB 4.25% 11/01/2030    2,110    2,070,471
Indiana (State of) Finance Authority (US Steel Corp.); Series 2012, RB(k) 5.75% 08/01/2042      245      246,139
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade Municipals

  Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Indiana–(continued)
Indiana (State of) Municipal Power Agency; Series 2013 A, RB(b)(c) 5.25% 07/01/2023   $ 1,500 $   1,502,082
Valparaiso (City of), IN (Pratt Paper, LLC); Series 2013, RB(k) 6.75% 01/01/2034    1,500    1,523,720
Whiting (City of), IN (BP Products North America Inc.); Series 2015, RB(c)(k) 4.40% 06/10/2031      630      642,905
          11,250,654
Iowa–1.47%
Iowa (State of) Board of Regents (University of Iowa Hospital & Clinics); Series 2022 B, RB 3.00% 09/01/2056    1,655    1,190,518
Iowa (State of) Finance Authority (Alcoa, Inc.); Series 2012, RB 4.75% 08/01/2042    1,425    1,361,010
Iowa (State of) Finance Authority (Iowa Fertilizer Co.); Series 2022, Ref. RB(c) 5.00% 12/01/2042    2,795    2,826,559
Iowa (State of) Finance Authority (Lifespace Communities, Inc.); Series 2016, RB 5.00% 05/15/2041      510      396,202
Iowa (State of) Tobacco Settlement Authority; Series 2021 B-1, Ref. RB 4.00% 06/01/2049    1,200    1,175,089
PEFA, Inc.; Series 2019, RB(c) 5.00% 09/01/2026    1,835    1,874,000
          8,823,378
Kansas–0.23%
Kansas (State of) Municipal Energy Agency (Jameson Energy Center); Series 2013, RB(b)(c) 5.75% 07/01/2023    1,400    1,402,498
Kentucky–2.50%
Henderson (City of), KY (Pratt Paper LLC); Series 2022 A, RB(f)(k) 4.70% 01/01/2052      685      637,178
Kentucky (Commonwealth of) Economic Development Finance Authority (Catholic Health Initiatives); Series 2011 B, RB (SIFMA Municipal Swap Index + 1.40%)(c)(o) 4.96% 02/01/2025      720      721,038
Kentucky (Commonwealth of) Economic Development Finance Authority (Louisville Arena Authority, Inc.); Series 2017 A, Ref. RB (INS - AGM)(g) 5.00% 12/01/2047      540      539,965
Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway);                              
Series 2015 A, RB 5.00% 07/01/2037    1,130    1,131,777
Series 2015 A, RB 5.00% 07/01/2040    2,030    2,019,713
Series 2015 A, RB 5.00% 01/01/2045      340      331,275
Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health, Inc.);                              
Series 2017 A, Ref. RB 5.25% 06/01/2041    1,290    1,317,062
Series 2017 A, Ref. RB 5.00% 06/01/2045    1,035    1,008,273
Kentucky (Commonwealth of) Municipal Power Agency (Prairie State); Series 2019 A, Ref. RB 5.00% 09/01/2037    1,000    1,046,845
Kentucky (Commonwealth of) Public Transportation Infrastructure Authority (Downtown Crossing); Series 2013 A, RB(b)(c) 5.75% 07/01/2023    1,000    1,001,331
Kentucky Bond Development Corp.; Series 2020, RB (INS - BAM)(g)(h)(i) 5.00% 09/01/2044    3,920    4,205,846
Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.); Series 2013 A, RB 5.50% 10/01/2033    1,000    1,002,611
          14,962,914
Louisiana–0.83%
Jefferson (Parish of), LA Sales Tax District; Series 2019 B, RB (INS - AGM)(g) 4.00% 12/01/2042    1,000      974,157
Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (St. John the Baptist); Series 2019, RB(f) 3.90% 11/01/2044      905      779,298
New Orleans (City of), LA Aviation Board; Series 2015 A, RB 5.00% 01/01/2045    2,735    2,762,257
New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage System); Series 2018 A, RB (INS - AGM)(g) 5.00% 10/01/2043      455      476,173
          4,991,885
Maryland–1.00%
Brunswick (City of), MD (Brunswick Crossing); Series 2019, RB 5.00% 07/01/2036      399      402,669
Maryland (State of) Health & Higher Educational Facilities Authority (LifeBridge Health); Series 2016, Ref. RB 5.00% 07/01/2047      790      798,083
Maryland (State of) Health & Higher Educational Facilities Authority (Peninsula Regional Medical Center); Series 2015, Ref. RB(b)(c) 5.00% 07/01/2024    1,620    1,645,397
Maryland (State of) Health & Higher Educational Facilities Authority (Stevenson University); Series 2021, Ref. RB 4.00% 06/01/2051      415      357,172
Maryland Economic Development Corp. (Green Bonds); Series 2022, RB(k) 5.25% 06/30/2052    1,565    1,592,515
Prince George’s (County of), MD (Collington Episcopal Life Care Community, Inc.); Series 2017, Ref. RB 5.00% 04/01/2028      750      721,923
Rockville (City of), MD (Ingleside at King Farm); Series 2017 B, RB 5.00% 11/01/2047      550      458,457
          5,976,216
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade Municipals

  Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Massachusetts–2.22%
Massachusetts (Commonwealth of) Bay Transportation Authority; Series 2023 A-1, RB 5.25% 07/01/2053   $ 3,420 $   3,841,470
Massachusetts (Commonwealth of) Bay Transportation Authority (Sustainability Bonds); Series 2022 A, Ref. RB 5.00% 07/01/2052    3,590    3,933,707
Massachusetts (Commonwealth of) Development Finance Agency; Series 2019 A, Ref. RB 4.00% 07/01/2044      750      626,776
Massachusetts (Commonwealth of) Development Finance Agency (Atrius Health); Series 2015, Ref. RB 5.00% 01/01/2041    1,225    1,230,329
Massachusetts (Commonwealth of) Development Finance Agency (Boston Medical Center); Series 2023, Ref. RB 5.25% 07/01/2052    1,195    1,243,732
Massachusetts (Commonwealth of) Development Finance Agency (Milford Regional Medical Center); Series 2020, Ref. RB(f) 5.00% 07/15/2037      245      224,455
Massachusetts (Commonwealth of) Port Authority;                              
Series 2019 A, Ref. RB(k) 5.00% 07/01/2040    1,000    1,045,545
Series 2021 E, RB(k) 5.00% 07/01/2046    1,075    1,121,068
          13,267,082
Michigan–4.23%
Academy of Warren; Series 2020 A, RB(f) 5.50% 05/01/2050      250      200,000
Detroit (City of), MI; Series 2018, GO Bonds 5.00% 04/01/2035      670      680,709
Detroit (City of), MI Downtown Development Authority (Catalyst Development);                              
Series 2018 A, Ref. RB (INS - AGM)(g) 5.00% 07/01/2038    1,000    1,004,697
Series 2018 A, Ref. RB (INS - AGM)(g) 5.00% 07/01/2043    1,150    1,153,837
Grand Rapids Economic Development Corp. (Beacon Hill at Eastgate); Series 2017 A, Ref. RB 5.00% 11/01/2047      690      537,571
Lakeview Public School District; Series 2022, GO Bonds 3.00% 11/01/2034      330      307,837
Michigan (State of) Building Authority (Facilities Program); Series 2016 I, RB(i) 5.00% 04/15/2041    2,925    3,048,199
Michigan (State of) Finance Authority (Detroit Water & Sewerage Department);                              
Series 2014 C-3, RB (INS - AGM)(g) 5.00% 07/01/2030    2,785    2,813,898
Series 2014 C-6, Ref. RB 5.00% 07/01/2033      640      647,250
Series 2014 D-1, Ref. RB (INS - AGM)(g) 5.00% 07/01/2035    1,250    1,264,291
Series 2014 D-4, Ref. RB 5.00% 07/01/2029      640      648,809
Michigan (State of) Finance Authority (Henry Ford Health System); Series 2019 A, RB 5.00% 11/15/2048    1,670    1,711,278
Michigan (State of) Finance Authority (Landmark Academy);                              
Series 2020, Ref. RB 5.00% 06/01/2035      170      158,221
Series 2020, Ref. RB 5.00% 06/01/2045      495      430,619
Michigan (State of) Finance Authority (Trinity Health Credit Group);                              
Series 2017 MI, RB(b)(h)(i) 5.00% 12/01/2046    3,980    4,063,086
Series 2017, Ref. RB 4.00% 12/01/2040      870      853,424
Michigan (State of) Housing Development Authority; Series 2023 A, RB 5.10% 10/01/2053    1,985    2,042,954
Michigan (State of) Strategic Fund (Green Bonds); Series 2021, RB(c)(k) 4.00% 10/01/2026    1,725    1,712,185
Michigan (State of) Strategic Fund (I-75 Improvement Project); Series 2018, RB(k) 5.00% 12/31/2032      750      775,407
Wayne (County of) Airport Authority (Detroit Metropolitan Airport); Series 2017 B, RB(k) 5.00% 12/01/2047    1,250    1,272,727
          25,326,999
Minnesota–0.35%
Bethel (City of), MN (Spectrum High School);                              
Series 2017 A, Ref. RB 4.25% 07/01/2047      310      236,486
Series 2017 A, Ref. RB 4.38% 07/01/2052      500      375,028
Duluth (City of), MN Economic Development Authority (Essentia Health Obligated Group); Series 2018, Ref. RB 5.00% 02/15/2048      615      624,196
St. Paul (City of), MN Housing & Redevelopment Authority (Higher Ground Academy); Series 2023, Ref. RB 5.50% 12/01/2057      500      501,176
St. Paul (City of), MN Housing & Redevelopment Authority (Hope Community Academy); Series 2020, RB 5.00% 12/01/2055      430      349,571
          2,086,457
Mississippi–0.12%
Mississippi Business Finance Corp. (System Energy Resources, Inc.); Series 2021, RB 2.38% 06/01/2044    1,135      714,785
Missouri–2.08%
Kansas City (City of), MO Industrial Development Authority (Downtown Redevelopment District); Series 2011 A, Ref. RB 5.50% 09/01/2028    2,290    2,294,255
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade Municipals

  Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Missouri–(continued)
Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport);                              
Series 2019 B, RB(k) 5.00% 03/01/2046   $ 4,815 $   4,953,965
Series 2019 B, RB (INS - AGM)(g)(k) 5.00% 03/01/2049    1,020    1,046,042
Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights); Series 2017 A, Ref. RB 5.25% 05/15/2050      520      390,695
Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services);                              
Series 2014, RB 5.00% 02/01/2035    1,000      969,847
Series 2019, Ref. RB 5.00% 02/01/2048      335      302,890
St. Louis (County of), MO Industrial Development Authority (Friendship Village West County); Series 2018 A, RB 5.00% 09/01/2038    1,885    1,712,242
Taney (County of), MO Industrial Development Authority (Big Cedar Infrastructure); Series 2023, RB(f) 6.00% 10/01/2049      780      762,768
          12,432,704
Nebraska–2.15%
Central Plains Energy Project (No. 3);                              
Series 2017 A, Ref. RB 5.00% 09/01/2034      210      225,088
Series 2017 A, Ref. RB 5.00% 09/01/2042    3,815    3,890,856
Douglas (County of), NE Hospital Authority No. 2 (Madonna Rehabilitation Hospital); Series 2014, RB 5.00% 05/15/2036    1,500    1,502,768
Omaha (City of), NE Public Power District;                              
Series 2022 A, RB 5.25% 02/01/2052    4,420    4,904,271
Series 2022, RB(h)(i) 5.25% 02/01/2052    2,125    2,357,823
          12,880,806
Nevada–0.69%
Las Vegas Valley Water District; Series 2022 A, GO Bonds 4.00% 06/01/2044    3,760    3,678,825
Sparks (City of), NV (Tourism Improvement District No. 1); Series 2019 A, Ref. RB(f) 2.75% 06/15/2028      485      449,675
          4,128,500
New Hampshire–0.52%
New Hampshire (State of) Business Finance Authority; Series 2020-1A, RB 4.13% 01/20/2034      310      298,142
New Hampshire (State of) Business Finance Authority (Social Bonds); Series 2022-1A, RB 4.38% 09/20/2036    1,686    1,626,093
New Hampshire (State of) Health and Education Facilities Authority; Series 2020 A, RB 5.00% 08/01/2059    1,125    1,155,747
          3,079,982
New Jersey–4.11%
New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.);                              
Series 1999, RB(k) 5.13% 09/15/2023      245      245,121
Series 2012, RB(k) 5.75% 09/15/2027      500      501,249
New Jersey (State of) Economic Development Authority (Social Bonds); Series 2021, RB 4.00% 06/15/2035      700      709,924
New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement);                              
Series 2013, RB(k) 5.13% 01/01/2034    1,250    1,257,965
Series 2013, RB(k) 5.38% 01/01/2043    2,620    2,627,786
New Jersey (State of) Health Care Facilities Financing Authority (Inspira Health Obligated Group); Series 2017, RB 4.00% 07/01/2047    3,910    3,622,989
New Jersey (State of) Transportation Trust Fund Authority;                              
Series 2014, RB 5.00% 06/15/2030      945    1,020,614
Series 2015 AA, RB 5.25% 06/15/2033    1,545    1,588,574
Series 2015 AA, RB 4.75% 06/15/2035      655      664,865
Series 2018 A, RN(h)(i) 5.00% 06/15/2029    1,625    1,699,284
Series 2018 A, RN(h)(i) 5.00% 06/15/2030      555      579,722
Series 2018 A, RN(h)(i) 5.00% 06/15/2031    1,020    1,063,756
Series 2021 A, Ref. RB 5.00% 06/15/2033      505      561,519
Series 2022, RB 5.25% 06/15/2046    1,455    1,568,739
Salem (County of), NJ Pollution Control Financing Authority (Chambers); Series 2014 A, PCR(b)(k) 5.00% 12/01/2023      135      135,044
Tobacco Settlement Financing Corp.;                              
Series 2018 A, Ref. RB 5.00% 06/01/2046    2,990    3,064,747
Series 2018 A, Ref. RB 5.25% 06/01/2046    1,710    1,779,468
Series 2018 B, Ref. RB 5.00% 06/01/2046    1,880    1,889,068
          24,580,434
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade Municipals

  Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
New Mexico–0.51%
New Mexico (State of) Finance Authority; Series 2023 A-2, RB 5.25% 06/01/2053   $ 3,010 $   3,073,481
New York–22.16%
Build NYC Resource Corp. (Brooklyn Navy Yard); Series 2019, Ref. RB(f)(k) 5.25% 12/31/2033      400      367,316
Erie Tobacco Asset Securitization Corp.; Series 2005 A, RB 5.00% 06/01/2045    2,775    2,529,950
Hudson Yards Infrastructure Corp.;                              
Series 2017 A, Ref. RB 4.00% 02/15/2044    2,570    2,521,889
Series 2017 A, Ref. RB (INS - AGM)(g) 4.00% 02/15/2047      810      793,136
Metropolitan Transportation Authority (Bidding Group 1); Series 2022 A, RB 4.00% 11/15/2043      730      710,240
Metropolitan Transportation Authority (Green Bonds);                              
Series 2017 C-1, Ref. RB 5.00% 11/15/2023      615      617,938
Series 2017 C-1, Ref. RB 4.00% 11/15/2038      550      532,694
Series 2020 A-1, RB (INS - AGM)(g) 4.00% 11/15/2041    2,035    2,003,563
Series 2020 A-1, RB (INS - BAM)(g) 4.00% 11/15/2053      400      381,506
Series 2020 C-1, RB 5.25% 11/15/2055    1,365    1,409,693
New York & New Jersey (States of) Port Authority;                              
Series 2020 221, RB(k) 4.00% 07/15/2055    2,390    2,191,279
Two Hundred Fifth Series 2017, Ref. RB 5.25% 11/15/2057    1,675    1,763,861
New York (City of), NY;                              
Series 2020 C, GO Bonds 5.00% 08/01/2043    2,515    2,702,554
Series 2021 A-1, GO Bonds 5.00% 08/01/2047    1,000    1,072,731
Series 2022-XM1009, GO Bonds(i) 5.25% 05/01/2041    2,500    2,814,399
Subseries 2022 B-1, GO Bonds 5.25% 10/01/2047    1,535    1,706,056
Subseries 2022 D-1, GO Bonds(i) 5.25% 05/01/2039    1,320    1,499,205
New York (City of), NY Industrial Development Agency (Queens Baseball Stadium); Series 2021 A, Ref. RB (INS - AGM)(g) 3.00% 01/01/2046    2,565    1,970,540
New York (City of), NY Municipal Water Finance Authority;                              
Series 2020 BB-1, RB 4.00% 06/15/2050    1,705    1,661,959
Series 2022, RB(i) 5.00% 06/15/2051    5,135    5,505,917
New York (City of), NY Transitional Finance Authority;                              
Series 2019 B-1, RB 4.00% 11/01/2045      875      858,652
Series 2021 B-1, RB 4.00% 08/01/2045    2,145    2,105,163
Series 2023 F-1, RB 4.00% 02/01/2051    2,585    2,503,954
Subseries 2013, RB(i) 5.00% 11/01/2038   10,155   10,182,123
New York (State of) Dormitory Authority;                              
Series 2009 C, RB (INS - AGC)(g) 5.00% 10/01/2024      225      225,371
Series 2014 C, RB 5.00% 03/15/2040    5,655    5,709,454
Series 2018 A, Ref. RB 5.25% 03/15/2039    1,265    1,376,262
Series 2018 E, RB(i) 5.00% 03/15/2045    5,850    6,212,251
New York (State of) Dormitory Authority (Catholic Health System Obligated Group);                              
Series 2019 A, Ref. RB 4.00% 07/01/2040      650      479,454
Series 2019 A, Ref. RB 5.00% 07/01/2041      700      584,016
New York (State of) Dormitory Authority (Memorial Sloan Kettering Cancer); Series 2022 1-B, RB 4.00% 07/01/2051    3,710    3,459,365
New York (State of) Power Authority; Series 2020 A, RB(i) 4.00% 11/15/2045    3,740    3,702,518
New York (State of) Power Authority (Green Bonds); Series 2020, RB(i) 4.00% 11/15/2055    4,265    4,093,482
New York (State of) Thruway Authority;                              
Series 2019 B, RB 4.00% 01/01/2050    5,505    5,220,183
Series 2019 B, RB (INS - AGM)(g)(h)(i) 4.00% 01/01/2050    2,670    2,571,409
New York (State of) Thruway Authority (Group 3); Series 2021 A-1, Ref. RB 4.00% 03/15/2046    2,535    2,488,568
New York Counties Tobacco Trust IV; Series 2005 A, RB 5.00% 06/01/2045      290      261,705
New York Counties Tobacco Trust VI; Series 2016 A-1, Ref. RB 5.75% 06/01/2043    3,240    3,354,111
New York Liberty Development Corp. (3 World Trade Center); Series 2014, Class 1, Ref. RB(f) 5.00% 11/15/2044    5,880    5,773,600
New York State Urban Development Corp. (Bidding Group 3); Series 2021 A, Ref. RB 4.00% 03/15/2045    3,410    3,352,135
New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport);                              
Series 2020, Ref. RB(k) 5.25% 08/01/2031      580      598,214
Series 2020, Ref. RB(k) 5.38% 08/01/2036      965      974,346
New York Transportation Development Corp. (American Airlines, Inc.);                              
Series 2016, Ref. RB(k) 5.00% 08/01/2026    1,415    1,416,746
Series 2016, Ref. RB(k) 5.00% 08/01/2031    1,360    1,361,846
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade Municipals

  Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
New York–(continued)
New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment);                              
Series 2018, RB(k) 5.00% 01/01/2033   $ 2,145 $   2,212,052
Series 2018, RB(k) 5.00% 01/01/2034    2,070    2,131,430
Series 2018, RB(k) 5.00% 01/01/2036      985    1,004,138
Series 2020, RB(k) 5.00% 10/01/2035      250      259,758
Series 2020, RB(k) 5.00% 10/01/2040    2,045    2,072,024
Series 2020, RB(k) 4.38% 10/01/2045    1,195    1,133,659
New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment);                              
Series 2016 A, RB(k) 5.00% 07/01/2046    3,310    3,223,901
Series 2016 A, RB(k) 5.25% 01/01/2050    1,810    1,803,169
New York Transportation Development Corp. (Terminal 4 JFK International Airport);                              
Series 2022, RB(k) 5.00% 12/01/2036    1,005    1,059,137
Series 2022, RB(k) 5.00% 12/01/2038      610      636,755
Onondaga (County of), NY Trust for Cultural Resources (Syracuse University); Series 2019, Ref. RB 4.00% 12/01/2047      890      863,555
Rockland Tobacco Asset Securitization Corp.; Series 2001, RB 5.75% 08/15/2043    1,775    1,804,361
Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels);                              
Series 2020 A, RB 5.00% 11/15/2049      765      815,915
Series 2021 A, RB 5.00% 11/15/2056    1,145    1,211,216
Series 2022 C, RB 5.00% 05/15/2047    3,015    3,259,198
Series 2022, RB(i) 5.00% 05/15/2051    3,135    3,352,809
TSASC, Inc.; Series 2016 B, Ref. RB 5.00% 06/01/2045    2,290    2,150,481
          132,614,912
North Carolina–0.81%
Charlotte (City of), NC (Charlotte Douglas International Airport); Series 2022, RB 4.00% 07/01/2047      830      806,407
Greater Asheville Regional Airport Authority;                              
Series 2023, RB (INS - AGM)(g)(k) 5.00% 07/01/2035    1,000    1,105,239
Series 2023, RB (INS - AGM)(g)(k) 5.00% 07/01/2036      375      410,331
Series 2023, RB (INS - AGM)(g)(k) 5.00% 07/01/2038      840      906,261
Series 2023, RB (INS - AGM)(g)(k) 5.25% 07/01/2039      350      384,281
North Carolina (State of) Department of Transportation (I-77 HOT Lanes); Series 2015, RB(k) 5.00% 06/30/2054    1,255    1,207,340
          4,819,859
North Dakota–0.56%
Ward (County of), ND (Trinity Obligated Group);                              
Series 2017 C, RB 5.00% 06/01/2048    2,400    1,935,250
Series 2017 C, RB 5.00% 06/01/2053    1,780    1,387,355
          3,322,605
Ohio–5.39%
Akron, Bath & Copley Joint Township Hospital District (Summa Health Obligated Group); Series 2016, Ref. RB 5.25% 11/15/2046    2,695    2,725,034
Buckeye Tobacco Settlement Financing Authority;                              
Series 2020 A-2, Ref. RB 4.00% 06/01/2039      480      455,994
Series 2020 A-2, Ref. RB 4.00% 06/01/2048    5,380    4,778,821
Series 2020 B-2, Ref. RB 5.00% 06/01/2055    8,015    7,425,965
Series 2020 B-3, Ref. RB(j) 0.00% 06/01/2057    8,765      976,653
Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Constellation Schools); Series 2014 A, Ref. RB(f) 6.50% 01/01/2034    1,150    1,152,055
Cleveland (City of), OH (Continental Airlines, Inc.); Series 1998, RB(k) 5.38% 09/15/2027      815      817,492
Columbus (City of) & Franklin (County of), OH Finance Authority (Easton); Series 2020, RB(f) 5.00% 06/01/2028      650      649,435
Cuyahoga (County of), OH (MetroHealth System); Series 2017, Ref. RB 5.50% 02/15/2052    1,730    1,757,250
Franklin (County of), OH (Nationwide Children’s Hospital); Series 2019, RB 5.00% 11/01/2048    1,380    1,511,604
Hamilton (County of), OH (Cincinnati Children’s Hospital); Series 2019 CC, RB 5.00% 11/15/2049    1,685    1,856,181
Hamilton (County of), OH (Life Enriching Communities); Series 2016, Ref. RB 5.00% 01/01/2046    2,525    2,200,725
Montgomery (County of), OH (Trousdale Foundation Properties); Series 2018 A, RB (Acquired 08/29/2018; Cost $1,411,179)(e)(f) 6.00% 04/01/2038    1,440      504,000
Muskingum (County of), OH (Genesis Healthcare System); Series 2013, RB 5.00% 02/15/2044    1,935    1,731,395
Ohio (State of) (University Hospitals Health System, Inc.); Series 2020 A, Ref. RB 4.00% 01/15/2050    2,555    2,271,960
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade Municipals

  Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Ohio–(continued)
Ohio (State of) Air Quality Development Authority (Ohio Valley Electric Corp.); Series 2014, RB(c)(k) 2.60% 10/01/2029   $ 1,000 $     869,313
Ohio (State of) Air Quality Development Authority (Pratt Paper LLC); Series 2017, RB(f)(k) 4.25% 01/15/2038      600      570,434
          32,254,311
Oklahoma–2.42%
Edmond Public Works Authority;                              
Series 2017, RB(i) 5.00% 07/01/2042    2,780    2,948,126
Series 2017, RB(i) 5.00% 07/01/2047    3,265    3,444,758
Oklahoma (State of) Development Finance Authority (OU Medicine);                              
Series 2018 B, RB 5.50% 08/15/2052    3,860    3,528,002
Series 2018 B, RB 5.50% 08/15/2057    1,255    1,132,558
Oklahoma (State of) Development Finance Authority (Provident Oklahoma Education Resources, Inc.-Cross Village Student Housing); Series 2017, RB(d) 5.00% 08/01/2052    1,990        1,990
Oklahoma (State of) Water Resources Board; Series 2022 B, RB 5.00% 10/01/2047    1,620    1,789,073
Oklahoma (State of) Water Resources Board (2019 Master Trust);                              
Series 2023, RB 4.00% 04/01/2048      730      716,342
Series 2023, RB 4.13% 04/01/2053      905      890,621
          14,451,470
Ontario–0.14%
Affordable Housing Tax-Exempt Bond Pass-Thru Trust; Series 2023, RB(f) 6.00% 10/05/2040      855      855,000
Oregon–1.24%
Clackamas (County of), OR Hospital Facility Authority (Rose Villa); Series 2020 A, Ref. RB 5.38% 11/15/2055      510      469,415
Oregon (State of); Series 2019, GO Bonds(h)(i) 5.00% 08/01/2044    3,410    3,670,639
Portland (Port of), OR (Green Bonds); Twenty Ninth Series 2023, RB(k) 5.50% 07/01/2048    1,455    1,590,229
Portland (Port of), OR (Portland International Airport); Series 2022 28, RB(k) 5.00% 07/01/2052    1,635    1,689,658
          7,419,941
Pennsylvania–3.92%
Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue); Series 2018 A, Ref. RB 4.00% 04/01/2044      855      766,016
Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The)); Series 2017 C, RB 5.00% 05/15/2037    1,000      970,650
Coatesville School District; Series 2020 A, GO Bonds (INS - BAM)(g)(j) 0.00% 10/01/2036      700      384,421
Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.); Series 2018, Ref. RB 5.00% 12/01/2027      750      720,246
Lancaster (County of), PA Hospital Authority (Penn State Health);                              
Series 2021, RB 5.00% 11/01/2046      525      543,176
Series 2021, RB 5.00% 11/01/2051      695      712,114
Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges);                              
Series 2022, RB(k) 5.25% 06/30/2053    2,055    2,107,804
Series 2022, RB (INS - AGM)(g)(k) 5.00% 12/31/2057    1,025    1,048,739
Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC);                              
Series 2021 A, Ref. RB 4.00% 10/15/2037      685      677,721
Series 2023 A-2, RB 4.00% 05/15/2048      555      516,727
Pennsylvania (Commonwealth of) Turnpike Commission;                              
Series 2014 A, RB 4.75% 12/01/2037    1,010    1,039,593
Series 2014 A-2, RB(l) 5.13% 12/01/2039    1,000      999,793
Series 2019 A, RB 5.00% 12/01/2049      225      235,147
Series 2020 B, RB 5.00% 12/01/2050      610      641,259
Series 2021 A, RB 4.00% 12/01/2050    1,275    1,185,897
Pennsylvania Higher Education Assistance Agency (Senior Bonds);                              
Series 2023 A, RB(k) 5.00% 06/01/2029      505      534,294
Series 2023 A, RB(k) 5.00% 06/01/2030      700      748,773
Series 2023 A, RB(k) 5.00% 06/01/2031      760      815,926
Series 2023 A, RB(k) 5.00% 06/01/2032      890      958,468
Philadelphia (City of), PA;                              
Series 2017 B, Ref. RB(k) 5.00% 07/01/2042    3,200    3,262,571
Series 2017 B, Ref. RB(k) 5.00% 07/01/2047    1,380    1,399,844
Series 2021, Ref. RB (INS - AGM)(g)(k) 4.00% 07/01/2039    1,000      962,465
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade Municipals

  Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Pennsylvania–(continued)
Philadelphia (City of), PA Authority for Industrial Development (St. Joseph’s University); Series 2022, RB 5.50% 11/01/2060   $ 1,705 $   1,829,345
Philadelphia (City of), PA Authority for Industrial Development (String Theory Charter School); Series 2020, Ref. RB(f) 5.00% 06/15/2050      405      384,853
          23,445,842
Puerto Rico–6.02%
Children’s Trust Fund;                              
Series 2002, RB 5.50% 05/15/2039    3,095    3,095,129
Series 2002, RB 5.63% 05/15/2043    1,520    1,528,626
Series 2005 A, RB(j) 0.00% 05/15/2050    6,050    1,079,020
Series 2005 B, RB(j) 0.00% 05/15/2055    2,600      267,154
Series 2008 A, RB(j) 0.00% 05/15/2057   15,290    1,031,749
Series 2008 B, RB(j) 0.00% 05/15/2057   38,355    2,125,078
Puerto Rico (Commonwealth of);                              
Series 2021 A-1, GO Bonds 5.63% 07/01/2027    1,195    1,250,450
Subseries 2022, RN 0.00% 11/01/2043    1,621      792,517
Subseries 2022, RN 0.00% 11/01/2051    3,628    1,754,916
Puerto Rico (Commonwealth of) Electric Power Authority;                              
Series 2007 VV, Ref. RB (INS - NATL)(g) 5.25% 07/01/2032    1,825    1,803,722
Series 2007 VV, Ref. RB (INS - NATL)(g) 5.25% 07/01/2033      750      744,005
Series 2007 VV, Ref. RB (INS - NATL)(g) 5.25% 07/01/2035      660      648,398
Puerto Rico (Commonwealth of) Highway & Transportation Authority; Series 2022 A, RB 5.00% 07/01/2062    1,710    1,643,737
Puerto Rico Sales Tax Financing Corp.;                              
Series 2018 A-1, RB(j) 0.00% 07/01/2027      455      383,098
Series 2018 A-1, RB(j) 0.00% 07/01/2029    1,525    1,169,014
Series 2018 A-1, RB(j) 0.00% 07/01/2033    2,495    1,560,489
Series 2018 A-1, RB(j) 0.00% 07/01/2046    8,440    2,280,900
Series 2018 A-1, RB(j) 0.00% 07/01/2051   11,005    2,191,662
Series 2018 A-1, RB 4.75% 07/01/2053    1,875    1,738,612
Series 2018 A-1, RB 5.00% 07/01/2058    7,435    7,122,340
Series 2019 A-2, RB 4.33% 07/01/2040    1,965    1,825,349
          36,035,965
Rhode Island–0.55%
Tobacco Settlement Financing Corp.;                              
Series 2015 A, Ref. RB 5.00% 06/01/2035    1,105    1,121,554
Series 2015 B, Ref. RB 5.00% 06/01/2050    2,210    2,170,794
          3,292,348
South Carolina–0.83%
South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes); Series 2013, RB 5.00% 05/01/2028    1,000      956,701
South Carolina (State of) Jobs-Economic Development Authority (Palmetto Health Alliance); Series 2013 A, Ref. RB(b)(c) 5.25% 08/01/2023    1,600    1,604,578
South Carolina (State of) Ports Authority; Series 2015, RB(b)(c)(k) 5.25% 07/01/2025    1,140    1,175,021
South Carolina (State of) Public Service Authority; Series 2014 C, Ref. RB 5.00% 12/01/2046    1,215    1,216,828
          4,953,128
South Dakota–0.38%
South Dakota (State of) Health & Educational Facilities Authority (Sanford Obligated Group); Series 2014 B, RB 5.00% 11/01/2044    2,240    2,256,459
Tennessee–2.69%
Chattanooga (City of), TN Health, Educational & Housing Facility Board (CommonSpirit Health); Series 2019 A-2, Ref. RB 5.00% 08/01/2049    1,275    1,299,990
Clarksville (City of), TN; Series 2021 A, RB 4.00% 02/01/2051    1,905    1,818,234
Greeneville (Town of), TN Health & Educational Facilities Board (Ballad Health Obligated Group); Series 2018 A, Ref. RB 5.00% 07/01/2037    1,835    1,907,504
Knox (County of), TN & Knoxville (City of), TN Sports Authority (Multi-Use Stadium); Series 2023 A, RB 6.00% 12/01/2054    2,125    2,441,046
Knoxville (City of), TN; Series 2022 OO, RB 4.00% 07/01/2052    3,235    3,076,753
Memphis (City of) & Shelby (County of), TN Airport Authority; Series 2018, RB(k) 5.00% 07/01/2043    1,245    1,280,902
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade Municipals

  Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Tennessee–(continued)
Metropolitan Nashville Airport Authority (The); Series 2019 B, RB(k) 5.00% 07/01/2054   $   580 $     594,256
Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Lipscomb University); Series 2019 A, Ref. RB 5.00% 10/01/2036    1,000    1,003,011
Tennessee Energy Acquisition Corp.; Series 2021 A, RB(c) 5.00% 11/01/2031    2,555    2,669,773
          16,091,469
Texas–15.57%
Austin (City of), TX;                              
Series 2023, Ref. RB 5.00% 11/15/2035    1,510    1,765,315
Series 2023, Ref. RB 5.00% 11/15/2039    1,195    1,347,854
Series 2023, Ref. RB 5.25% 11/15/2053    2,220    2,457,358
Central Texas Regional Mobility Authority;                              
Series 2020 B, Ref. RB 5.00% 01/01/2045      300      313,692
Series 2020 E, RB 4.00% 01/01/2050    1,500    1,374,288
Series 2021 B, RB 5.00% 01/01/2046    1,030    1,082,005
Clifton Higher Education Finance Corp. (Idea Public Schools); Series 2021 T, RB (CEP - Texas Permanent School Fund) 4.00% 08/15/2047    1,235    1,173,265
Clifton Higher Education Finance Corp. (International Leadership of Texas); Series 2018 D, RB 5.75% 08/15/2033    1,710    1,734,868
Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport); Series 2014 A, Ref. RB(k) 5.25% 11/01/2026    1,000    1,004,044
Denton (County of), TX; Series 2023, Ref. GO Bonds 4.00% 07/15/2048    4,325    4,113,460
El Paso (City of), TX; Series 2022 A, RB 4.00% 03/01/2048    3,100    2,927,060
Forney Independent School District; Series 2022 B, GO Bonds (CEP - Texas Permanent School Fund) 4.00% 08/15/2052    2,275    2,188,608
Greater Texoma Utility Authority (City of Sherman); Series 2023, RB (INS - AGM)(g) 4.25% 10/01/2053    1,455    1,386,665
Harris (County of), TX Toll Road Authority (The); Series 2021, Ref. RB 4.00% 08/15/2050    1,315    1,234,744
Harris County Industrial Development Corp. (Energy Transfer L.P.); Series 2023, Ref. RB(c) 4.05% 06/01/2033    1,370    1,375,829
Houston (City of), TX; Series 2021 A, RB(k) 4.00% 07/01/2036    1,250    1,229,653
Houston (City of), TX Airport System (United Airlines, Inc. Terminal E);                              
Series 2014, Ref. RB(k) 4.75% 07/01/2024    1,795    1,795,653
Series 2021 A, RB(k) 4.00% 07/01/2041      600      523,919
Houston (City of), TX Airport System (United Airlines, Inc.); Series 2018, RB(k) 5.00% 07/15/2028      505      511,877
La Vernia Higher Education Finance Corp. (Meridian World School); Series 2015 A, RB(b)(c)(f) 5.50% 08/15/2024    1,360    1,391,153
Lamar Consolidated Independent School District; Series 2023, GO Bonds 4.00% 02/15/2053    1,890    1,782,400
Lockhart Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent School Fund) 4.13% 08/01/2053    1,250    1,199,644
Lower Colorado River Authority (LCRA Transmission Services Corp.); Series 2022, Ref. RB 5.50% 05/15/2047    1,195    1,321,329
Mission Economic Development Corp. (Natgasoline); Series 2018, Ref. RB(f)(k) 4.63% 10/01/2031    3,150    3,053,425
Montgomery Independent School District;                              
Series 2023, GO Bonds (CEP - Texas Permanent School Fund) 4.00% 02/15/2048      900      876,712
Series 2023, GO Bonds (CEP - Texas Permanent School Fund) 4.00% 02/15/2053    2,160    2,071,853
New Hope Cultural Education Facilities Finance Corp. (4-K Housing, Inc.-Stoney Brook);                              
Series 2017 B, RB(d) 4.75% 07/01/2042    1,115      501,750
Series 2017 B, RB(d) 5.00% 07/01/2052      595      267,750
New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community);                              
Series 2021 A-1, RB 7.50% 11/15/2037       75       57,853
Series 2021, RB 2.00% 11/15/2061    1,879      767,404
New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community);                              
Series 2016, Ref. RB 5.00% 07/01/2036      815      656,326
Series 2016, Ref. RB 5.00% 07/01/2046      665      475,885
New Hope Cultural Education Facilities Finance Corp. (CHF-Collegiate Housing College Station I, LLC - Texas A&M University); Series 2014 A, RB (INS - AGM)(g) 5.00% 04/01/2046    1,200    1,203,652
New Hope Cultural Education Facilities Finance Corp. (Jubilee Academic Center); Series 2021, Ref. RB(f) 4.00% 08/15/2051    1,030      753,618
New Hope Cultural Education Facilities Finance Corp. (Longhorn Village);                              
Series 2017, Ref. RB 5.00% 01/01/2042      505      453,565
Series 2017, Ref. RB 5.00% 01/01/2047      630      550,299
New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North);                              
Series 2018, Ref. RB 5.00% 10/01/2028    1,005      973,418
Series 2018, Ref. RB 5.00% 10/01/2031      600      567,077
Series 2020, RB 5.25% 10/01/2055    2,550    1,975,881
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade Municipals

  Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Texas–(continued)
San Antonio (City of), TX;                              
Series 2023 A, Ref. RB 5.25% 02/01/2046   $ 1,795 $   1,984,003
Series 2023 A, Ref. RB 5.50% 02/01/2050    1,325    1,501,092
Tarrant (County of), TX Hospital District;                              
Series 2023, GO Bonds 4.25% 08/15/2048      820      814,188
Series 2023, GO Bonds 4.25% 08/15/2053    2,315    2,277,603
Tarrant County Cultural Education Facilities Finance Corp.; Series 2016 A, Ref. RB(i) 5.00% 02/15/2047    3,530    3,602,090
Tarrant County Cultural Education Facilities Finance Corp. (Air Force Village Obligated Group);                              
Series 2016, Ref. RB 5.00% 05/15/2037    2,830    2,532,891
Series 2016, Ref. RB 5.00% 05/15/2045    1,380    1,141,091
Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home);                              
Series 2007, RB(d) 5.75% 02/15/2025      440      242,000
Series 2017 A, RB(d) 6.38% 02/15/2048    1,985    1,091,750
Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks);                              
Series 2020, Ref. RB 6.63% 11/15/2041       85       79,229
Series 2020, Ref. RB 6.75% 11/15/2051       85       76,537
Series 2020, Ref. RB 6.88% 11/15/2055       85       77,138
Texas (State of) Transportation Commission; Series 2019, RB(j) 0.00% 08/01/2042    2,290      832,650
Texas (State of) Transportation Commission (Central Texas Turnpike System);                              
Series 2015 B, Ref. RB(j) 0.00% 08/15/2036    3,555    1,906,029
Series 2015 B, Ref. RB(j) 0.00% 08/15/2037    1,210      613,712
Series 2015 C, Ref. RB 5.00% 08/15/2042    6,985    7,014,462
Texas City Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent School Fund) 4.00% 08/15/2053    1,455    1,403,880
Texas Municipal Gas Acquisition & Supply Corp. I; Series 2008 D, RB 6.25% 12/15/2026    3,475    3,611,788
Texas Private Activity Bond Surface Transportation Corp. (Blueridge Transportation Group, LLC SH 288 Toll Lanes); Series 2016, RB(k) 5.00% 12/31/2055    1,170    1,133,607
Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners Segments 3 LLC Segments 3A and 3B Facility); Series 2013, RB(k) 7.00% 12/31/2038    1,500    1,510,117
Texas Water Development Board; Series 2022, RB(i) 5.00% 10/15/2047    3,405    3,736,149
Travis County Cultural Education Facilities Finance Corp. (Wayside Schools); Series 2012 A, RB 5.25% 08/15/2042       10        9,512
Waco (City of), TX; Series 2023 A, Ctfs. Of Obligation 4.00% 02/01/2053    2,520    2,338,483
Waller Consolidated Independent School District; Series 2023, GO Bonds (INS - BAM)(g) 4.00% 02/15/2053    3,420    3,187,470
          93,158,622
Utah–3.42%
Black Desert Public Infrastructure District; Series 2021 A, GO Bonds(f) 4.00% 03/01/2051      500      375,433
Military Installation Development Authority; Series 2021 A-2, RB 4.00% 06/01/2052      500      359,928
Salt Lake City (City of), UT;                              
Series 2021 A, RB(k) 5.00% 07/01/2046      855      888,099
Series 2021 A, RB(k) 5.00% 07/01/2051      455      469,560
University of Utah (The); Series 2013 A, RB(b)(c)(i) 5.00% 08/01/2043   14,235   14,271,183
Utah (County of), UT (IHC Health Services, Inc.); Series 2016 B, RB 4.00% 05/15/2047    2,070    1,922,516
Utah (State of) Charter School Finance Authority (Ogden Preparatory Academy); Series 2022 A, Ref. RB 4.63% 10/15/2057    1,065    1,016,692
Utah Telecommunication Open Infrastructure Agency; Series 2022, Ref. RB 4.38% 06/01/2040    1,135    1,151,610
          20,455,021
Virginia–2.66%
Chesapeake (City of), VA Expressway; Series 2012 A, RB 5.00% 07/15/2047    2,585    2,586,248
Hampton (City of), VA Roads Transportation Accountability Commission; Series 2022 A, RB 4.00% 07/01/2052    2,160    2,079,086
Peninsula Town Center Community Development Authority; Series 2018, Ref. RB(f) 5.00% 09/01/2045      340      315,018
Roanoke (City of), VA Economic Development Authority (Richfield Living); Series 2020, RB(d) 5.00% 09/01/2050      335      209,214
Virginia (Commonwealth of) Small Business Financing Authority (95 Express Lanes LLC); Series 2022, Ref. RB(k) 5.00% 01/01/2037    2,895    2,996,330
Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes);                              
Series 2022, Ref. RB(k) 5.00% 12/31/2052      545      550,100
Series 2022, Ref. RB(k) 5.00% 12/31/2057    1,670    1,678,920
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade Municipals

  Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Virginia–(continued)
Virginia (Commonwealth of) Small Business Financing Authority (Transform 66 P3);                              
Series 2017, RB(k) 5.00% 12/31/2049   $ 1,190 $   1,184,058
Series 2017, RB(k) 5.00% 12/31/2056    4,405    4,334,359
          15,933,333
Washington–2.44%
City of Tacoma WA Sewer Revenue; Series 2023, RB(i) 4.00% 12/01/2047    2,830    2,729,099
Kalispel Tribe of Indians; Series 2018 A, RB(f) 5.00% 01/01/2032    1,390    1,429,616
Washington (State of); Series 2019 A, GO Bonds(i) 5.00% 08/01/2042    1,910    2,034,943
Washington (State of) Convention Center Public Facilities District;                              
Series 2018, RB 5.00% 07/01/2048      855      856,835
Series 2018, RB 5.00% 07/01/2048    3,555    3,586,454
Washington (State of) Housing Finance Commission (Bayview Manor Homes);                              
Series 2016 A, Ref. RB(f) 5.00% 07/01/2046      440      338,707
Series 2016 A, Ref. RB(f) 5.00% 07/01/2051      365      272,593
Washington (State of) Housing Finance Commission (Social Certificates); Series 2021-1A, Revenue Ctfs. 3.50% 12/20/2035    1,233    1,128,689
Washington (State of) Tobacco Settlement Authority; Series 2013, Ref. RB 5.25% 06/01/2033    2,250    2,224,185
          14,601,121
West Virginia–0.45%
Monongalia (County of), WV Commission Special District (University Town Centre Economic Opportunity Development District); Series 2020, Ref. RB(f) 7.50% 06/01/2043      850      919,047
West Virginia (State of) Hospital Finance Authority (West Virginia University Health System Obligated Group); Series 2023, RB 4.25% 06/01/2047    1,820    1,764,465
          2,683,512
Wisconsin–4.52%
Wisconsin (State of) Center District;                              
Series 2020 D, RB (INS - AGM)(g)(j) 0.00% 12/15/2050    6,645    1,684,665
Series 2020 D, RB (INS - AGM)(g)(j) 0.00% 12/15/2060   30,035    4,471,881
Series 2022, RB(f) 5.25% 12/15/2061    1,735    1,735,085
Wisconsin (State of) Health & Educational Facilities Authority (Aspirus, Inc. Obligated Group);                              
Series 2021, RB 3.00% 08/15/2051      850      587,471
Series 2021, RB 4.00% 08/15/2051    2,850    2,498,593
Wisconsin (State of) Health & Educational Facilities Authority (Froedtert Health); Series 2022 A, Ref. RB 4.00% 04/01/2042    2,555    2,361,647
Wisconsin (State of) Health & Educational Facilities Authority (Medical College of Wisconsin); Series 2022, Ref. RB 4.00% 12/01/2051    1,565    1,422,323
Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands);                              
Series 2017, RB(d)(f) 6.75% 08/01/2031      640      416,000
Series 2017, RB(f) 6.75% 12/01/2042    2,190    1,885,448
Wisconsin (State of) Public Finance Authority (Explore Academy);                              
Series 2020 A, RB(f) 6.13% 02/01/2050      425      367,984
Series 2022 A, RB(f) 6.13% 02/01/2050      460      398,288
Wisconsin (State of) Public Finance Authority (KU Campus Development Corp. Central District Development); Series 2016, RB 5.00% 03/01/2046    3,840    3,872,017
Wisconsin (State of) Public Finance Authority (Mallard Creek STEM Academy); Series 2019 A, RB(f) 5.13% 06/15/2039      630      603,084
Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center); Series 2018 A-1, RB(f) 6.38% 01/01/2048      665      408,975
Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.);                              
Series 2018 A, RB 5.20% 12/01/2037    1,710    1,736,920
Series 2018 A, RB 5.35% 12/01/2045    1,710    1,699,293
Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences); Series 2015, Ref. RB 5.75% 04/01/2035      895      916,125
          27,065,799
Wyoming–0.57%
University of Wyoming; Series 2021 C, RB (INS - AGM)(g) 4.00% 06/01/2044    1,085    1,045,033
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade Municipals

  Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Wyoming–(continued)
Wyoming (State of) Municipal Power Agency; Series 2017 A, Ref. RB(b)(c)(i) 5.00% 01/01/2027   $ 2,250 $   2,393,907
          3,438,940
Total Municipal Obligations (Cost $979,023,079)   955,459,527
      Shares  
Exchange-Traded Funds–0.09%
Invesco Municipal Strategic Income ETF
(Cost $517,081)(p)
          10,149      507,214
TOTAL INVESTMENTS IN SECURITIES(q)–159.77% (Cost $979,540,160)   955,966,741
FLOATING RATE NOTE OBLIGATIONS–(15.13)%    
Notes with interest and fee rates ranging from 3.45% to 4.55% at 05/31/2023 and
contractual maturities of collateral ranging from 09/15/2028 to 11/15/2055(r)
                  (90,510,000)
VARIABLE RATE MUNI TERM PREFERRED SHARES–(45.67)%   (273,282,445)
OTHER ASSETS LESS LIABILITIES–1.03%   6,174,873
NET ASSETS APPLICABLE TO COMMON SHARES–100.00%   $598,349,169
Investment Abbreviations:
AGC – Assured Guaranty Corp.
AGM – Assured Guaranty Municipal Corp.
BAM – Build America Mutual Assurance Co.
CEP – Credit Enhancement Provider
Ctfs. – Certificates
ETF – Exchange-Traded Fund
FHLMC – Federal Home Loan Mortgage Corp.
GO – General Obligation
IDR – Industrial Development Revenue Bonds
INS – Insurer
NATL – National Public Finance Guarantee Corp.
PCR – Pollution Control Revenue Bonds
RB – Revenue Bonds
Ref. – Refunding
RN – Revenue Notes
SIFMA – Securities Industry and Financial Markets Association
Notes to Schedule of Investments:
(a) Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Trust’s use of leverage.
(b) Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral.
(c) Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put.
(d) Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at May 31, 2023 was $4,360,525, which represented less than 1% of the Trust’s Net Assets.
(e) Restricted security. The aggregate value of these securities at May 31, 2023 was $2,134,067, which represented less than 1% of the Trust’s Net Assets.
(f) 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, 2023 was $51,075,113, which represented 8.54% of the Trust’s Net Assets.
(g) Principal and/or interest payments are secured by the bond insurance company listed.
(h) 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 $23,173,000. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the TOB Trusts.
(i) Underlying security related to TOB Trusts entered into by the Trust.
(j) Zero coupon bond issued at a discount.
(k) Security subject to the alternative minimum tax.
(l) Convertible capital appreciation bond. The interest rate shown represents the coupon rate at which the bond will accrue at a specified future date.
(m) Security valued using significant unobservable inputs (Level 3). See Note 1.
(n) The issuer is paying less than stated interest, but is not in default on principal because scheduled principal payments have not yet begun.
(o) Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on May 31, 2023.
(p) Affiliated issuer. The issuer and/or the Trust is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Trust’s transactions in, and earnings from, its investments in affiliates for the three months ended May 31, 2023.
    
  Value
February 28, 2023
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
Realized
Gain
Value
May 31, 2023
Dividend Income
Invesco Municipal Strategic Income ETF $505,375 $- $- $1,839 $- $507,214 $5,190
    
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade Municipals

(q) 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. 5.17%
    
(r) Floating rate note obligations related to securities held. The interest and fee rates shown reflect the rates in effect at May 31, 2023. At May 31, 2023, the Trust’s investments with a value of $134,009,523 are held by TOB Trusts and serve as collateral for the $90,510,000 in the floating rate note obligations outstanding at that date.
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Invesco Trust for Investment Grade Municipals

Notes to Quarterly Schedule of Portfolio Holdings
May 31, 2023
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 – Prices are determined using quoted prices in an active market for identical assets.
Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used.  Unobservable inputs reflect Invesco Advisers, Inc.’s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
The following is a summary of the tiered valuation input levels, as of May 31, 2023. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
  Level 1 Level 2 Level 3 Total
Investments in Securities        
Municipal Obligations $$954,340,426 $1,119,101 $955,459,527
Exchange-Traded Funds 507,214 507,214
Total Investments in Securities 507,214 954,340,426 1,119,101 955,966,741
Other Investments - Assets        
Investments Matured 88 88
Total Investments $507,214 $954,340,514 $1,119,101 $955,966,829
Invesco Trust for Investment Grade Municipals

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