Edgar Filing: Invesco Municipal Income Opportunities Trust

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY


Investment Company Act file number		811-05597

Invesco Municipal Income Opportunities Trust

(Exact name of registrant as specified in charter)

1555 Peachtree Street, N.E., Atlanta, Georgia 30309

(Address of principal executive offices) (Zip code)

Philip A. Taylor 1555 Peachtree Street, N.E., Atlanta, Georgia 30309

(Name and address of agent for service)

Registrant’s telephone number, including area code: (713) 626-1919


Date of fiscal year end:		2/28


Date of reporting period:		11/30/13

Item 1. Schedule of Investments.

Invesco Municipal Income Opportunities Trust

Quarterly Schedule of Portfolio Holdings

November 30, 2013


				MS-CE-MIOPP-QTR-1 11/13		Invesco Advisers, Inc.

Schedule of Investments

November 30, 2013

(Unaudited)


	Interest Rate			Maturity Date		Principal Amount (000)		Value

Municipal Obligations–109.46%

Alabama–0.70%

Huntsville (City of) Special Care Facilities Financing Authority (Redstone Village); Series 2007, Retirement Facility RB		5.50	%		01/01/43	$	925	$	745,791
Jefferson (County of);
Series 2013 C, Sr. Lien Sewer Revenue Conv. CAB Wts. (INS-AGM) ^(a)(b)		6.60	%		10/01/42		1,300		703,313
Series 2013 F, Sr. Lien Sewer Revenue Conv. CAB Wts. ^(b)		7.75	%		10/01/46		1,700		815,405
									2,264,509

Arizona–4.41%

Casa Grande (City of) Industrial Development Authority (Casa Grande Regional Medical Center); Series 2001 A, Ref. Hospital RB		7.63	%		12/01/29		1,000		820,370
Phoenix (City of) Industrial Development Authority (Choice Academies); Series 2012, Education RB		5.38	%		09/01/32		1,000		881,920
Phoenix (City of) Industrial Development Authority (Great Hearts Academies); Series 2012, Education RB		6.40	%		07/01/47		600		572,802
Phoenix (City of) Industrial Development Authority (Phoenix Collegiate Academy); Series 2012, Education RB		5.63	%		07/01/42		1,000		874,130
Pima (County of) Industrial Development Authority (Constellation Schools); Series 2008, Lease RB		7.00	%		01/01/38		3,000		2,951,760
Pima (County of) Industrial Development Authority (Edkey Charter Schools); Series 2013, Ref. Education Facility RB		6.00	%		07/01/48		1,000		891,210
Pima (County of) Industrial Development Authority (Global Water Resources, LLC); Series 2007, Water & Wastewater RB ^(c)		6.55	%		12/01/37		2,000		2,000,680
Pima (County of) Industrial Development Authority (Noah Webster Basic Schools);
Series 2004 A, Education RB		6.00	%		12/15/24		1,000		1,003,470
Series 2004 A, Education RB		6.13	%		12/15/34		500		494,450
Pinal (County of) Electric District No. 4; Series 2008, Electrical System RB		6.00	%		12/01/38		1,650		1,694,732
Quechan Indian Tribe of Fort Yuma (California & Arizona Governmental); Series 2008, RB		7.00	%		12/01/27		1,330		1,220,195
Town of Florence, Inc. (The) Industrial Development Authority (Legacy Traditional School - Queen Creek and Casa Grande Campuses); Series 2013, Education RB		6.00	%		07/01/43		1,000		890,450
									14,296,169

California–10.72%

ABAG Finance Authority for Non-profit Corps. (Episcopal Senior Communities); Series 2012 A, Ref. RB		5.00	%		07/01/47		1,000		861,760
Alhambra (City of) (Atherton Baptist Homes); Series 2010 A, RB		7.63	%		01/01/40		1,000		1,020,800
Anaheim (City of) Public Financing Authority (Anaheim Public Improvements); Series 1997 C, Sub. Lease CAB RB (INS-AGM) ^(a)(d)		0.00	%		09/01/34		1,000		296,730
Bakersfield (City of); Series 2007 A, Wastewater RB (INS-AGM) ^(a)(e)		5.00	%		09/15/32		960		1,003,997
California (State of) Educational Facilities Authority (Stanford University); Series 2012 U-2, Ref. RB ^(e)		5.00	%		10/01/32		3,500		4,163,285
California (State of) Municipal Finance Authority (High Tech High-Media Arts); Series 2008 A, Educational Facility RB ^(f)		5.88	%		07/01/28		855		836,532
California (State of) Municipal Finance Authority (Partnerships Uplift Community); Series 2012, Charter School RB		5.30	%		08/01/47		1,350		1,152,198
California (State of) Municipal Finance Authority (Santa Rosa Academy); Series 2012 A, Charter School Lease RB		6.00	%		07/01/42		1,000		946,500
California (State of) Pollution Control Finance Authority; Series 2012, Water Furnishing RB ^(c)(f)		5.00	%		07/01/37		1,000		863,320
California (State of) School Finance Authority (New Designs Charter School); Series 2012, Educational Facilities RB		5.50	%		06/01/42		695		616,792
California (State of) Statewide Communities Development Authority (California Baptist University); Series 2011, RB		7.25	%		11/01/31		1,000		1,102,080
California (State of) Statewide Communities Development Authority (Huntington Park Charter School); Series 2007 A, Educational Facilities RB		5.25	%		07/01/42		750		594,840
California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing); Series 2007, RB		5.63	%		06/01/33		1,000		924,810
California County Tobacco Securitization Agency (The) (Sonoma County Securitization Corp.); Series 2005, Ref. Tobacco Settlement Asset-Backed RB		5.13	%		06/01/38		1,000		731,920

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

Invesco Municipal Income Opportunities Trust


	Interest Rate			Maturity Date	Principal Amount (000)		Value

California–(continued)

Daly City (City of) Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition); Series 2007 C, Ref. Third Tier Mobile Home Park RB		6.50	%	12/15/47	$	965	$	909,773
Desert Community College District (Election of 2004); Series 2007 C, Unlimited Tax CAB GO Bonds (INS-AGM) ^(a)(d)		0.00	%	08/01/46		10,000		1,440,100
Golden State Tobacco Securitization Corp.; Series 2007 A-1, Sr. Tobacco Settlement Asset-Backed RB		5.13	%	06/01/47		3,000		2,073,900
Inland Empire Tobacco Securitization Authority; Series 2007 C-1, Asset-Backed Tobacco Settlement CAB RB ^(d)		0.00	%	06/01/36		7,500		1,204,875
National City (City of) Community Development Commission (National City Redevelopment); Series 2011, Tax Allocation RB		7.00	%	08/01/32		1,000		1,165,540
Northern California Tobacco Securitization Authority (Sacramento County Tobacco Securitization Corp.); Series 2005 A-1, Sr. Tobacco Settlement Asset-Backed Turbo RB		5.38	%	06/01/38		1,000		735,910
Palm Springs (City of) (Palm Springs International Airport); Series 2006, Ref. Sub. Airport Passenger Facility Charge RB ^(c)		5.55	%	07/01/28		435		414,090
Poway Unified School District (School Facilities Improvement); Series 2011, Unlimited Tax CAB GO Bonds ^(d)		0.00	%	08/01/39		8,000		1,838,880
Riverside (County of) Redevelopment Agency (Mid-County Redevelopment Project Area); Series 2010 C, Tax Allocation RB		6.25	%	10/01/40		1,000		955,540
Riverside (County of) Transportation Commission; Series 2013 A, Sr. Lien Toll RB		5.75	%	06/01/48		1,000		996,710
Sacramento (County of) Community Facilities District No. 2005-2 (North Vineyard Station No. 1); Series 2007 A, Special Tax RB		6.00	%	09/01/37		1,000		947,880
San Buenaventura (City of) (Community Memorial Health System); Series 2011, RB		7.50	%	12/01/41		1,000		1,093,590
San Francisco (City & County of) Redevelopment Financing Authority (Mission Bay South Redevelopment); Series 2011 D, Tax Allocation RB		7.00	%	08/01/41		1,400		1,492,638
San Francisco (City & County of) Successor Agency to the Redevelopment Agency Community Facilities District No. 6 (Mission Bay South Public Improvements); Series 2013 C, Special Tax CAB RB ^(d)		0.00	%	08/01/37		5,000		1,072,500
Southern California Logistics Airport Authority; Series 2008 A, Tax Allocation CAB RB ^(d)		0.00	%	12/01/44		18,085		648,347
Union City (City of) Community Redevelopment Agency (Community Redevelopment); Series 2011, Sub. Lien Tax Allocation RB		6.88	%	12/01/33		1,500		1,737,255
Victor Valley Union High School District (Election of 2008); Series 2013 B, Unlimited Tax CAB GO Bonds ^(d)		0.00	%	08/01/48		8,310		933,462
								34,776,554

Colorado–5.17%

Colorado (State of) Health Facilities Authority (Christian Living Communities); Series 2006 A, RB		5.75	%	01/01/37		1,500		1,452,465
Colorado (State of) Health Facilities Authority (Total Longterm Care National Obligated Group); Series 2010 A, RB		6.25	%	11/15/40		1,000		1,031,570
Colorado (State of) Regional Transportation District (Denver Transit Partners Eagle P3); Series 2010, Private Activity RB		6.00	%	01/15/41		1,000		1,016,840
Colorodo (State of) Health Facilities Authority (SCL Health System); Series 2013 A, RB ^(e)		5.50	%	01/01/35		3,000		3,181,020
Copperleaf Metropolitan District No. 2;
Series 2006, Limited Tax GO Bonds		5.85	%	12/01/26		1,420		1,204,259
Series 2006, Limited Tax GO Bonds		5.95	%	12/01/36		2,000		1,594,860
Denver (City of) Convention Center Hotel Authority; Series 2006, Ref. Sr. RB (INS-SGI) ^(a)		5.00	%	12/01/35		925		903,281
Fossil Ridge Metropolitan District No. 1; Series 2010, Ref. Tax Supported Limited Tax GO Bonds		7.25	%	12/01/40		500		500,540
Montrose (County of) Memorial Hospital Board of Trustees; Series 2003, Enterprise RB		6.00	%	12/01/33		1,000		1,013,050
Northwest Metropolitan District No. 3; Series 2005, Limited Tax GO Bonds		6.25	%	12/01/35		2,000		1,748,080
University of Colorado; Series 2013 A, Enterprise RB ^(e)		5.00	%	06/01/43		3,000		3,136,230
								16,782,195

Connecticut–0.35%

Georgetown (City of) Special Taxing District; Series 2006 A, Unlimited Tax GO Bonds ^(f)(g)		5.13	%	10/01/36		2,955		1,135,400

Delaware–0.29%

Sussex (County of) (Cadbury at Lewes); Series 2006 A, First Mortgage RB		6.00	%	01/01/35		1,000		933,210

District of Columbia–0.80%

District of Columbia (Cesar Chavez Charter School); Series 2011, RB		7.88	%	11/15/40		1,000		1,096,010

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

Invesco Municipal Income Opportunities Trust


	Interest Rate			Maturity Date		Principal Amount (000)		Value

District of Columbia–(continued)

District of Columbia; Series 2009 B, Ref. Sec. Income Tax RB ^(e)		5.00	%		12/01/25	$	1,335	$	1,514,784
									2,610,794

Florida–10.24%

Alachua (County of) (North Florida Retirement Village, Inc.);
Series 2007, IDR		5.25	%		11/15/17		1,000		987,870
Series 2007, IDR		5.88	%		11/15/36		2,000		1,641,820
Series 2007, IDR		5.88	%		11/15/42		1,000		798,670
Alachua (County of) Health Facilities Authority (Terraces at Bonita Springs); Series 2011 A, RB		8.13	%		11/15/46		1,000		1,082,160
Beacon Lakes Community Development District; Series 2003 A, Special Assessment RB		6.90	%		05/01/35		100		100,532
Broward (County of) (Civic Arena); Series 2006 A, Ref. Professional Sports Facilities Tax RB (INS-AGM) ^(a)(e)		5.00	%		09/01/23		7,245		7,844,596
Capital Trust Agency (Million Air One LLC); Series 2011, RB ^(c)		7.75	%		01/01/41		1,000		1,060,130
Collier (County of) Industrial Development Authority (Arlington Naples); Series 2011, Continuing Care Community BAN		14.00	%		05/15/15		500		504,375
Florida (State of) Mid-Bay Bridge Authority; Series 2011 A, Springing Lien RB		7.25	%		10/01/40		1,000		1,097,450
Florida Development Finance Corp. (Renaissance Charter School, Inc.); Series 2012 A, Educational Facilities RB		6.13	%		06/15/43		1,000		872,400
Lee (County of) Industrial Development Authority (Cypress Cove Healthpark); Series 2012, Ref. RB		5.75	%		10/01/42		1,000		919,760
Miami-Dade (County of); Series 2009, Sub. Special Obligation CAB RB ^(d)		0.00	%		10/01/42		7,900		1,516,168
Midtown Miami Community Development District; Series 2004 A, Special Assessment RB		6.25	%		05/01/37		2,475		2,475,198
Orange (County of) Health Facilities Authority (Orlando Lutheran Towers, Inc.);
Series 2005, Ref. RB		5.70	%		07/01/26		1,000		969,920
Series 2007, First Mortgage RB		5.50	%		07/01/32		1,000		894,920
Series 2007, First Mortgage RB		5.50	%		07/01/38		500		431,890
Renaissance Commons Community Development District; Series 2005 A, Special Assessment RB		5.60	%		05/01/36		1,780		1,346,214
South Miami (City of) Health Facilities Authority (Baptist Health South Florida Obligated Group); Series 2007, Hospital RB ^(e)		5.00	%		08/15/32		7,000		7,061,670
St. Johns (County of) Industrial Development Authority (Presbyterian Retirement Communities); Series 2010 A, RB		6.00	%		08/01/45		1,000		1,029,490
University Square Community Development District; Series 2007 A-1, Capital Improvement Special Assessment RB		5.88	%		05/01/38		610		580,775
									33,216,008

Georgia–1.69%

Americus (City of) & Sumter (County of) Hospital Authority (Magnolia Manor Obligated Group); Series 2013 A, Ref. RB		6.38	%		05/15/43		1,000		961,200
Atlanta (City of) (Beltline); Series 2009 B, Tax Allocation RB		7.38	%		01/01/31		1,000		1,153,210
Atlanta (City of) (Eastside); Series 2005 B, Tax Allocation RB		5.60	%		01/01/30		1,500		1,561,950
Clayton (County of) Development Authority (Delta Air Lines, Inc.); Series 2009 B, Special Facilities RB ^(c)		9.00	%		06/01/35		750		798,037
DeKalb (County of) Hospital Authority (DeKalb Medical Center, Inc.); Series 2010, RAC		6.13	%		09/01/40		1,000		997,600
									5,471,997

Hawaii–0.68%

Hawaii (State of) Department of Budget & Finance (15 Craigside); Series 2009 A, Special Purpose Senior Living RB		8.75	%		11/15/29		1,000		1,109,880
Hawaii (State of) Department of Budget & Finance (Hawaiian Electric Co., Inc. & Subsidiary); Series 2009, Special Purpose RB		6.50	%		07/01/39		1,000		1,084,970
									2,194,850

Idaho–0.25%

Idaho (State of) Health Facilities Authority (Valley Vista Care Corp.); Series 2007, Ref. RB		6.13	%		11/15/27		815		811,577

Illinois–13.31%

Bolingbrook (Village of) Special Services Area No. 1 (Forest City); Series 2005, Special Tax RB		5.90	%		03/01/27		1,750		1,577,975
Bolingbrook (Village of); Series 2005, Sales Tax RB		6.25	%		01/01/24		2,000		1,763,000
Chicago (City of) (Lakeshore East); Series 2002, Special Assessment Improvement RB		6.75	%		12/01/32		1,912		1,937,888
Chicago (City of); Series 2011, COP		7.13	%		05/01/25		1,030		1,112,935
Cook (County of) (Navistar International Corp.); Series 2010, Recovery Zone Facility RB		6.50	%		10/15/40		1,000		997,380

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

Invesco Municipal Income Opportunities Trust


	Interest Rate			Maturity Date	Principal Amount (000)		Value

Illinois–(continued)

Hillside (Village of) (Mannheim Redevelopment); Series 2008, Sr. Lien Tax Increment Allocation RB		7.00	%	01/01/28	$	1,000	$	999,820
Illinois (State of) Finance Authority (Collegiate Housing Foundation - DeKalb II, LLC - Northern Illinois University); Series 2011, Student Housing RB		6.88	%	10/01/43		1,000		1,060,160
Illinois (State of) Finance Authority (Friendship Village of Schaumburg); Series 2010, RB		7.00	%	02/15/38		1,445		1,445,115
Illinois (State of) Finance Authority (Greenfields of Geneva);
Series 2010 A, RB		8.00	%	02/15/30		1,130		1,085,806
Series 2010 A, RB		8.25	%	02/15/46		775		741,342
Illinois (State of) Finance Authority (Luther Oaks);
Series 2006 A, RB		5.70	%	08/15/28		500		469,805
Series 2006 A, RB		6.00	%	08/15/39		1,500		1,333,440
Illinois (State of) Finance Authority (Lutheran Home & Services); Series 2012, Ref. RB		5.75	%	05/15/46		1,000		900,170
Illinois (State of) Finance Authority (Montgomery Place); Series 2006 A, RB		5.75	%	05/15/38		2,000		1,921,380
Illinois (State of) Finance Authority (Park Place of Elmhurst); Series 2010 A, RB		8.25	%	05/15/45		1,000		932,610
Illinois (State of) Finance Authority (Peace Village); Series 2013, RB		7.00	%	08/15/43		1,000		983,890
Illinois (State of) Finance Authority (Plymouth Place); Series 2013, Ref. RB		6.00	%	05/15/43		1,000		806,910
Illinois (State of) Finance Authority (The Admiral at the Lake); Series 2010 A, RB		7.25	%	05/15/20		1,000		1,016,290
Illinois (State of) Finance Authority (The Landing at Plymouth Place); Series 2005 A, RB		6.00	%	05/15/37		2,500		2,069,750
Illinois (State of) Finance Authority (United Neighborhood Organization Charter School Network, Inc.);
Series 2011, Ref. Charter School RB		6.88	%	10/01/31		500		547,165
Series 2011, Ref. Charter School RB		7.13	%	10/01/41		500		550,540
Illinois (State of) Finance Authority (University of Chicago); Series 2013 A, RB ^(e)		5.25	%	10/01/52		3,000		3,092,430
Illinois (State of) Finance Authority (Villa St. Benedict); Series 2003 A-1, RB ^(g)		6.90	%	11/15/33		1,750		1,194,025
Illinois (State of) Finance Authority; Series 2003 A, RB		7.00	%	11/15/32		2,000		2,003,740
Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion); Series 2010 A, RB ^(e)		5.50	%	06/15/50		960		974,717
Illinois (State of) Toll Highway Authority; Series 2008 B, RB ^(e)		5.50	%	01/01/33		3,000		3,238,500
Long Grove (Village of) (Sunset Grove); Series 2010, Limited Obligation Tax Increment Allocation RB		7.50	%	01/01/30		1,000		1,014,390
Pingree Grove (Village of) (Cambridge Lakes Learning Center); Series 2011, RB		8.50	%	06/01/41		1,000		1,054,840
Pingree Grove (Village of) (Cambridge Lakes); Series 2006-1, Special Service Area No. 7 Special Tax RB		6.00	%	03/01/36		2,420		2,292,805
Southwestern Illinois Development Authority (U.S. Steel Corp.) Series 2012, RB ^(c)		5.75	%	08/01/42		1,000		790,910
United City of Yorkville (City of) Special Service Area No. 2006-113 (Cannonball/Beecher Road); Series 2007, Special Tax RB		5.75	%	03/01/28		955		889,812
Upper Illinois River Valley Development Authority (Pleasant View Luther Home); Series 2010, RB		7.38	%	11/15/45		1,000		1,003,320
Will (County of) & Kankakee (City of) Regional Development Authority (Senior Estates Supportive Living); Series 2007, MFH RB ^(c)		7.00	%	12/01/42		1,425		1,373,743
								43,176,603

Indiana–1.42%

Carmel (City of) (Barrington Carmel); Series 2012 A, RB		7.13	%	11/15/47		515		506,250
Crown Point (City of) (Wittenberg Village); Series 2009 A, Economic Development RB		8.00	%	11/15/39		1,000		1,079,250
St. Joseph (County of) (Holy Cross Village at Notre Dame);
Series 2006 A, Economic Development RB		6.00	%	05/15/26		560		563,853
Series 2006 A, Economic Development RB		6.00	%	05/15/38		525		508,006
Valparaiso (City of) (Pratt Paper, LLC); Series 2013, Exempt Facilities RB ^(c)		7.00	%	01/01/44		1,000		1,011,380
Vigo (County of) Hospital Authority (Union Hospital, Inc.); Series 2007, RB ^(f)		5.80	%	09/01/47		1,000		931,330
								4,600,069

Iowa–2.59%

Cass (County of) (Cass County Memorial Hospital); Series 2010 A, Hospital RB		7.25	%	06/01/35		1,000		1,052,260
Iowa (State of) Finance Authority (Alcoa Inc.); Series 2012, Midwestern Disaster Area RB		4.75	%	08/01/42		1,000		847,880
Iowa (State of) Finance Authority (Bethany Life Communities); Series 2006 A, Ref. Senior Housing RB		5.55	%	11/01/41		1,000		889,060
Iowa (State of) Finance Authority (Iowa Fertilizer Co.); Series 2013, Midwestern Disaster Area RB		5.25	%	12/01/25		2,000		1,801,540
Iowa (State of) Finance Authority (Madrid Home); Series 2007, Ref. Health Care Facility RB		5.90	%	11/15/37		750		640,627

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

Invesco Municipal Income Opportunities Trust


	Interest Rate			Maturity Date	Principal Amount (000)		Value

Iowa–(continued)

Iowa (State of) Tobacco Settlement Authority;
Series 2005 C, Asset-Backed RB		5.38	%	06/01/38	$	1,000	$	760,580
Series 2005 C, Asset-Backed RB		5.63	%	06/01/46		1,000		755,510
Series 2005 D, Asset-Backed CAB RB ^(d)		0.00	%	06/01/46		10,000		695,800
Orange City (City of); Series 2008, Ref. Hospital Capital Loan RN		5.60	%	09/01/32		1,000		957,830
								8,401,087

Kansas–1.03%

Olathe (City of) (Catholic Care Campus, Inc.); Series 2006 A, Senior Living Facility RB		6.00	%	11/15/38		1,400		1,337,308
Wichita (City of) (Larksfield Place); Series 2013 III, Ref. Health Care Facilities & Improvement RB		7.38	%	12/15/43		1,000		1,002,230
Wichita (City of) (Presbyterian Manors, Inc.); Series 2013 IV-A, Health Care Facilities RB		6.50	%	05/15/48		1,000		1,000,250
								3,339,788

Kentucky–0.32%

Kentucky (State of) Economic Development Finance Authority (Masonic Home Independent Living II); Series 2011, RB		7.38	%	05/15/46		1,000		1,053,250

Louisiana–0.89%

Lakeshore Villages Master Community Development District; Series 2007, Special Assessment RB ^(g)		5.25	%	07/01/17		1,984		783,482
Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Westlake Chemical Corp.); Series 2009 A, RB		6.50	%	08/01/29		1,000		1,100,790
Louisiana (State of) Public Facilities Authority (Lake Charles Memorial Hospital); Series 2007, Ref. Hospital RB ^(f)		6.38	%	12/01/34		1,000		1,018,630
								2,902,902

Maine–0.32%

Maine (State of) Health & Higher Educational Facilities Authority (Maine General Medical Center); Series 2011, RB		6.75	%	07/01/41		1,000		1,040,790

Maryland–1.93%

Baltimore (City of) (East Baltimore Research Park); Series 2008 A, Special Obligation Tax Allocation RB		7.00	%	09/01/38		1,000		1,036,120
Frederick (County of) (Jefferson Technology Park); Series 2013 B, Tax Increment & Special Tax RB		7.13	%	07/01/43		1,000		1,009,400
Harford (County of); Series 2011, Special Obligation Tax Allocation RB		7.50	%	07/01/40		1,000		1,058,910
Maryland (State of) Health & Higher Educational Facilities Authority (King Farm Presbyterian Retirement Community); Series 2007 A, RB		5.30	%	01/01/37		1,000		902,460
Maryland (State of) Health & Higher Educational Facilities Authority (Washington Christian Academy); Series 2006, RB ^(g)		5.50	%	07/01/38		800		239,976
Maryland (State of) Industrial Development Financing Authority (Our Lady of Good Counsel High School Facility); Series 2005 A, Economic Development RB		6.00	%	05/01/35		1,000		1,026,790
Westminster (City of) (Carroll Lutheran Village); Series 2004 A, Economic Development RB		6.25	%	05/01/34		1,000		974,640
								6,248,296

Massachusetts–1.31%

Massachusetts (State of) Development Finance Agency (Evergreen Center Inc.); Series 2005, RB		5.50	%	01/01/35		800		743,872
Massachusetts (State of) Development Finance Agency (Linden Ponds, Inc. Facility);
Series 2011 A-1, RB		6.25	%	11/15/46		709		555,264
Series 2011 A-2, RB		5.50	%	11/15/46		38		26,263
Series 2011 B, CAB RB ^(d)		0.00	%	11/15/56		187		953
Massachusetts (State of) Development Finance Agency (Massachusetts Institute of Technology); Series 2002 K, RB ^(e)		5.50	%	07/01/32		505		620,600
Massachusetts (State of) Development Finance Agency (Tufts Medical Center); Series 2011 I, RB		6.88	%	01/01/41		1,000		1,116,070
Massachusetts (State of); Series 2004 A, Ref. Limited Tax GO Bonds (INS-AMBAC) ^(a)(e)		5.50	%	08/01/30		960		1,172,851
								4,235,873

Michigan–1.27%

Dearborn Economic Development Corp. (Henry Ford Village, Inc.); Series 2008, Ref. Limited Obligation RB		7.00	%	11/15/28		1,200		1,200,444

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

Invesco Municipal Income Opportunities Trust


	Interest Rate			Maturity Date		Principal Amount (000)		Value

Michigan–(continued)

Detroit (City of) Water and Sewerage Department; Series 2012 A, Ref. Sr. Lien Sewage Disposal System RB		5.25	%		07/01/39	$	1,000	$	917,610
Michigan (State of) Strategic Fund (The Dow Chemical Co.); Series 2003 A-1, Ref. Limited Obligation RB ^(c)(h)		6.75	%		06/02/14		1,000		1,024,440
Wayne Charter County Economic Development Corp. (Rivers of Grosse Point); Series 2013, First Mortgage RB		7.88	%		12/01/43		1,000		989,210
									4,131,704

Minnesota–4.18%

Anoka (City of) (The Homestead at Anoka, Inc.); Series 2011 A, Health Care Facilities RB		7.00	%		11/01/40		1,000		959,120
Bloomington (City of) Port Authority (Radisson Blu Mall of America, LLC); Series 2010, Recovery Zone Facility RB		9.00	%		12/01/35		1,000		1,091,720
Brooklyn Park (City of) (Prairie Seeds Academy); Series 2009 A, Lease RB		9.25	%		03/01/39		1,000		1,099,920
Minneapolis (City of) (Fairview Health Services); Series 2008 A, Health Care System RB		6.75	%		11/15/32		1,500		1,725,855
North Oaks (City of) (Presbyterian Homes of North Oaks, Inc.); Series 2007, Senior Housing RB		6.13	%		10/01/39		1,500		1,511,040
Rochester (City of) (Homestead at Rochester, Inc.); Series 2013 A, Health Care & Housing RB		6.88	%		12/01/48		1,000		987,950
Rochester (City of) (Samaritan Bethany, Inc.); Series 2009 A, Ref. Health Care & Housing RB		7.38	%		12/01/41		1,000		1,049,380
Sartell (City of) (Country Manor Campus LLC); Series 2013, Health Care & Housing Facilities RB		5.38	%		09/01/43		500		429,950
St. Paul (City of) Housing & Redevelopment Authority (Emerald Gardens); Series 2010, Ref. Tax Increment Allocation RB		6.25	%		03/01/25		1,000		1,018,870
St. Paul (City of) Housing & Redevelopment Authority (Hmong College Prep Academy); Series 2012 A, Charter School Lease RB		5.25	%		09/01/32		1,060		974,469
Wayzata (City of) (Folkestone Senior Living Community); Series 2012 A, Senior Housing RB		6.00	%		05/01/47		1,000		1,003,900
West St. Paul (City of) (Walker Thompson Hill, LLC); Series 2011A, Health Care Facilities RB		7.00	%		09/01/46		700		703,122
Winsted (City of) (St. Mary’s Care Center); Series 2010 A, Health Care RB		6.88	%		09/01/42		1,000		1,012,680
									13,567,976

Mississippi–0.31%

Mississippi Business Finance Corp. (System Energy Resources, Inc.); Series 1998, PCR		5.88	%		04/01/22		1,000		998,470

Missouri–2.79%

Branson (City of) Regional Airport Transportation Development District; Series 2007 B, Airport RB^(c)(g)		6.00	%		07/01/37		1,200		175,428
Branson Hills Infrastructure Facilities Community Improvement District; Series 2007 A, Special Assessment RB		5.50	%		04/01/27		750		400,912
Bridgeton (City of) Industrial Development Authority (Sarah Community); Series 2011 A, Ref. & Improvement Senior Housing RB		6.38	%		05/01/35		1,000		1,012,480
Cass (County of); Series 2007, Hospital RB		5.63	%		05/01/38		1,000		956,510
Kansas City (City of) Industrial Development Authority (Plaza Library); Series 2004, RB		5.90	%		03/01/24		1,000		1,001,990
Kansas City (City of) Industrial Development Authority (Ward Parkway Center Community Improvement District); Series 2011, Sales Tax RB		6.75	%		10/01/41		1,000		1,021,110
Kirkwood (City of) Industrial Development Authority (Aberdeen Heights); Series 2010 A, Retirement Community RB		8.25	%		05/15/39		1,000		1,106,340
St. Louis (County of) Industrial Development Authority (Grand Center Redevelopment); Series 2011, Tax Increment Allocation Improvement RB		6.38	%		12/01/25		1,000		1,011,250
St. Louis (County of) Industrial Development Authority (Ranken-Jordan); Series 2007, Ref. Health Facilities RB		5.00	%		11/15/22		1,000		977,400
St. Louis (County of) Industrial Development Authority (St. Andrew’s Resources for Seniors); Series 2007 A, Senior Living Facilities RB		6.38	%		12/01/41		1,500		1,403,370
									9,066,790

Nebraska–0.32%

Gage (County of) Hospital Authority No. 1 (Beatrice Community Hospital & Health Center); Series 2010 B, Health Care Facilities RB		6.75	%		06/01/35		1,000		1,037,730

Nevada–1.20%

Henderson (City of) (Local Improvement District No. T-18); Series 2006, Special Assessment RB		5.30	%		09/01/35		700		518,595
Las Vegas (City of) Redevelopment Agency; Series 2009 A, Tax Increment Allocation RB		8.00	%		06/15/30		1,200		1,297,080
Mesquite (City of) (Special Improvement District No. 07-01-Anthem at Mesquite); Series 2007, Special Assessment Local Improvement RB		6.00	%		08/01/23		930		930,214

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

Invesco Municipal Income Opportunities Trust


	Interest Rate			Maturity Date		Principal Amount (000)		Value

Nevada–(continued)

Sparks (City of) (Local Improvement District No. 3 - Legends at Sparks Marina); Series 2008, Special Assessment Limited Obligation Improvement RB		6.50	%		09/01/20	$	1,070	$	1,132,905
									3,878,794

New Hampshire–0.62%

New Hampshire (State of) Business Finance Authority (Huggins Hospital); Series 2009, First Mortgage RB		6.88	%		10/01/39		975		998,585
New Hampshire (State of) Health & Education Facilities Authority (Rivermead); Series 2011 A, RB		6.88	%		07/01/41		1,000		1,026,920
									2,025,505

New Jersey–2.50%

Essex (County of) Improvement Authority (Newark); Series 2010 A, RB		6.25	%		11/01/30		1,000		1,062,720
New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.);
Series 1999, Special Facility RB ^(c)		5.25	%		09/15/29		1,000		930,800
Series 2012, RB ^(c)		5.75	%		09/15/27		1,000		973,010
New Jersey (State of) Economic Development Authority (Lions Gate);
Series 2005 A, First Mortgage RB		5.75	%		01/01/25		710		698,832
Series 2005 A, First Mortgage RB		5.88	%		01/01/37		1,230		1,127,012
New Jersey (State of) Economic Development Authority (Seashore Gardens Living Center); Series 2006, First Mortgage RB		5.38	%		11/01/36		700		554,470
New Jersey (State of) Economic Development Authority (United Methodist Homes); Series 1998, Ref. RB		5.13	%		07/01/25		1,000		957,790
New Jersey (State of) Health Care Facilities Financing Authority (St. Joseph’s Health Care System); Series 2008, RB		6.63	%		07/01/38		1,000		1,010,330
Tobacco Settlement Financing Corp.; Series 2007 1A, Asset-Backed RB		5.00	%		06/01/29		1,000		798,070
									8,113,034

New Mexico–0.31%

New Mexico (State of) Hospital Equipment Loan Council (La Vida Llena); Series 2010 A, First Mortgage RB		6.13	%		07/01/40		1,000		1,017,530

New York–5.42%

Brooklyn Arena Local Development Corp. (Barclays Center);
Series 2009, PILOT CAB RB ^(d)		0.00	%		07/15/35		1,475		426,511
Series 2009, PILOT CAB RB ^(d)		0.00	%		07/15/46		10,000		1,377,000
Erie (County of) Industrial Development Agency (Orchard Park CCRC, Inc.); Series 2006 A, RB		6.00	%		11/15/36		1,000		864,140
Mount Vernon (City of) Industrial Development Agency (Wartburg Senior Housing, Inc./Meadowview);
Series 1999, Civic Facility RB		6.15	%		06/01/19		640		640,295
Series 1999, Civic Facility RB		6.20	%		06/01/29		500		492,425
Nassau (County of) Industrial Development Agency (Amsterdam at Harborside); Series 2007 A, Continuing Care Retirement Community RB		6.50	%		01/01/27		1,500		831,150
New York & New Jersey (States of) Port Authority;
One Hundred Sixty-Ninth Series 2011, Consolidated RB ^(c)(e)		5.00	%		10/15/27		1,700		1,803,037
One Hundred Sixty-Ninth Series 2011, Consolidated RB ^(c)(e)		5.00	%		10/15/28		1,300		1,369,264
New York (City of) Industrial Development Agency (Polytechnic University); Series 2007, Ref. Civic Facility RB (INS-ACA) ^(a)		5.25	%		11/01/37		1,200		1,212,780
New York (City of) Transitional Finance Authority; Subseries 2012 F-1, Future Tax Sec. RB ^(e)		5.00	%		05/01/39		6,000		6,298,260
New York Liberty Development Corp. (Bank of America Tower at One Bryant Park); Series 2010, Ref. Second Priority Liberty RB		6.38	%		07/15/49		1,000		1,057,690
New York Liberty Development Corp. (National Sports Museum); Series 2006 A, RB (Acquired 08/07/06; Cost $1,697,125)^(f)(g)		6.13	%		02/15/19		2,000		20
Suffolk (County of) Industrial Development Agency (Medford Hamlet Assisted Living); Series 2005, Assisted Living Facility RB ^(c)		6.38	%		01/01/39		1,410		1,218,987
									17,591,559

North Carolina–0.55%

North Carolina (State of) Medical Care Commission (Aldersgate); Series 2013, Ref. First Mortgage Retirement Facilities RB		6.25	%		07/01/35		750		729,623

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

Invesco Municipal Income Opportunities Trust


	Interest Rate			Maturity Date		Principal Amount (000)		Value

North Carolina–(continued)

North Carolina (State of) Medical Care Commission (WhiteStone); Series 2011 A, First Mortgage Retirement Facilities RB		7.75	%		03/01/41	$	1,000	$	1,051,210
									1,780,833

North Dakota–0.28%

Grand Forks (City of) (4000 Valley Square); Series 2006, Ref. Senior Housing RB		5.30	%		12/01/34		1,000		905,750

Ohio–4.06%

Buckeye Tobacco Settlement Financing Authority;
Series 2007 A-3, Sr. Asset-Backed Turbo RB		6.25	%		06/01/37		1,000		797,280
Series 2007 B, First Sub. Asset-Backed CAB RB ^(d)		0.00	%		06/01/47		40,000		2,240,400
Centerville (City of) (Bethany Lutheran Village Continuing Care Facility Expansion); Series 2007 A, Health Care RB		6.00	%		11/01/38		1,500		1,441,890
Cuyahoga (County of) (Eliza Jennings Senior Care Network); Series 2007 A, Health Care & Independent Living Facilities RB		5.75	%		05/15/27		2,000		1,951,500
Franklin (County of) (First Community Village Obligated Group); Series 2013, Ref. Health Care Facilities RB		5.63	%		07/01/47		750		609,195
Gallia (County of) (Holzer Health System Obligated Group); Series 2012, Ref. & Improvement Hospital Facilities RB		8.00	%		07/01/42		1,000		1,062,320
Lorain (County of) Port Authority (U.S. Steel Corp.); Series 2010, Recovery Zone Facility RB		6.75	%		12/01/40		1,000		993,850
Montgomery (County of) (St. Leonard); Series 2010, Ref. & Improvement Health Care & MFH RB		6.63	%		04/01/40		1,000		1,040,050
Muskingum (County of) (Genesis Healthcare System); Series 2013, Hospital Facilities RB		5.00	%		02/15/44		1,000		784,020
Ohio (State of) Air Quality Development Authority (FirstEnergy Generation Corp.); Series 2009 C, Ref. PCR		5.63	%		06/01/18		1,000		1,093,100
Toledo-Lucas (County of) Port Authority (Crocker Park Public Improvement); Series 2003, Special Assessment RB		5.38	%		12/01/35		1,200		1,157,268
									13,170,873

Oklahoma–1.35%

Citizen Potawatomi Nation; Series 2004 A, Sr. Obligation Tax RB		6.50	%		09/01/16		780		754,455
Oklahoma (State of) Development Finance Authority (Inverness Village Community);
Series 2012, Ref. Continuing Care Retirement Community RB		6.00	%		01/01/32		1,000		966,770
Series 2013, Ref. Continuing Care Retirement Community RB		5.75	%		01/01/37		1,000		917,590
Tulsa (City of) Municipal Airport Trust; Series 2001 C, Ref. RB ^(c)		5.50	%		12/01/35		750		692,482
Tulsa (County of) Industrial Authority (Montereau, Inc.); Series 2010 A, Senior Living Community RB		7.25	%		11/01/45		1,000		1,048,130
									4,379,427

Pennsylvania–3.70%

Allegheny (County of) Industrial Development Authority (Propel Charter School-Montour); Series 2010 A, Charter School RB		6.75	%		08/15/35		950		991,534
Allegheny (County of) Redevelopment Authority (Pittsburgh Mills); Series 2004, Tax Allocation RB		5.60	%		07/01/23		1,000		986,110
Cumberland (County of) Municipal Authority (Asbury Pennsylvania Obligated Group); Series 2010, RB		6.13	%		01/01/45		965		957,309
Harrisburg (City of) Authority (Harrisburg University of Science); Series 2007 B, University RB ^(g)		6.00	%		09/01/36		1,800		885,870
Lehigh (County of) General Purpose Authority (Bible Fellowship Church Homes, Inc.); Series 2013, RB		5.25	%		07/01/42		1,000		818,030
Montgomery (County of) Industrial Development Authority (Philadelphia Presbytery Homes, Inc.); Series 2010, RB		6.63	%		12/01/30		1,000		1,074,400
Pennsylvania (State of) Economic Development Financing Authority (USG Corp.); Series 1999, Solid Waste Disposal RB ^(c)		6.00	%		06/01/31		1,000		992,510
Pennsylvania (State of) Intergovernmental Cooperation Authority (City of Philadelphia Funding Program); Series 2009, Ref. Special Tax RB ^(e)		5.00	%		06/15/21		3,000		3,394,200
Philadelphia (City of) Industrial Development Authority (Performing Arts Charter School); Series 2013, RB ^(f)		6.75	%		06/15/43		1,000		995,510
Washington (County of) Redevelopment Authority (Victory Centre Tanger Outlet Development); Series 2006 A, Tax Allocation RB		5.45	%		07/01/35		945		901,161
									11,996,634

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

Invesco Municipal Income Opportunities Trust


	Interest Rate			Maturity Date	Principal Amount (000)		Value

Puerto Rico–1.05%

Puerto Rico (Commonwealth of) Aqueduct & Sewer Authority; Series 2012 A, Sr. Lien RB		5.00	%	07/01/33	$	1,000	$	699,510
Puerto Rico (Commonwealth of) Electric Power Authority;
Series 2012 A, RB		5.00	%	07/01/42		1,000		678,720
Series 2013 A, RB		6.75	%	07/01/36		1,000		822,840
Puerto Rico Sales Tax Financing Corp.;
Series 2007 A, CAB RB ^(d)		0.00	%	08/01/56		7,000		374,640
Series 2011 C, RB		5.25	%	08/01/40		1,000		839,200
								3,414,910

Rhode Island–0.25%

Tobacco Settlement Financing Corp.; Series 2002 A, Asset-Backed RB		6.25	%	06/01/42		835		811,228

South Carolina–1.84%

Georgetown (County of) (International Paper Co.); Series 2000 A, Ref. Environmental Improvement RB		5.95	%	03/15/14		700		709,534
Myrtle Beach (City of) (Myrtle Beach Air Force Base);
Series 2006 A, Tax Increment Allocation RB		5.25	%	10/01/26		835		737,005
Series 2006 A, Tax Increment Allocation RB		5.30	%	10/01/35		2,000		1,622,180
South Carolina (State of) Jobs-Economic Development Authority (The Woodlands at Furman);
Series 2012, Ref. RB		6.00	%	11/15/42		1,087		663,416
Series 2012, Ref. Sub. CAB RB ^(d)		0.00	%	11/15/47		466		466
South Carolina (State of) Jobs-Economic Development Authority (Wesley Commons);
Series 2006, Ref. First Mortgage Health Facilities RB		5.13	%	10/01/26		1,000		928,700
Series 2006, Ref. First Mortgage Health Facilities RB		5.30	%	10/01/36		1,500		1,294,845
								5,956,146

Tennessee–1.79%

Johnson City (City of) Health & Educational Facilities Board (Mountain States Health Alliance); Series 2006 A, First Mortgage Hospital RB		5.50	%	07/01/31		2,000		2,041,660
Shelby (County of) Health, Educational & Housing Facilities Board (Trezevant Manor);
Series 2006 A, RB		5.75	%	09/01/37		2,000		1,810,560
Series 2013 A, Ref. RB		5.50	%	09/01/47		1,000		845,470
Trenton (City of) Health & Educational Facilities Board (RHA/Trenton MR, Inc.); Series 2009, RB		9.25	%	04/01/39		1,000		1,120,330
								5,818,020

Texas–11.62%

Alliance Airport Authority, Inc. (Federal Express Corp.); Series 2006, Ref. Special Facilities RB ^(c)		4.85	%	04/01/21		1,200		1,252,668
Austin Convention Enterprises, Inc.; Series 2006 B, Ref. Second Tier Convention Center RB ^(f)		5.75	%	01/01/34		1,100		1,074,348
Capital Area Cultural Education Facilities Finance Corp. (The Roman Catholic Diocese of Austin); Series 2005 B, RB		6.13	%	04/01/45		1,000		1,056,500
Central Texas Regional Mobility Authority; Series 2011, Sub. Lien RB		6.75	%	01/01/41		1,000		1,039,800
Clifton Higher Education Finance Corp. (Uplift Education); Series 2010 A, Education RB		6.25	%	12/01/45		1,000		1,048,970
Decatur (City of) Hospital Authority (Wise Regional Health System); Series 2004 A, RB		7.13	%	09/01/34		1,750		1,793,050
HFDC of Central Texas, Inc. (Sears Tyler Methodist); Series 2009 A, RB		7.75	%	11/15/44		1,000		669,310
HFDC of Central Texas, Inc.; Series 2006 A, Retirement Facilities RB		5.75	%	11/01/36		1,000		959,420
Houston (City of) (Continental Airlines, Inc.);
Series 2001 E, Airport System Special Facilities RB ^(c)		6.75	%	07/01/21		1,000		999,870
Series 2001 E, Airport System Special Facilities RB ^(c)		6.75	%	07/01/29		500		499,940
Series 2001 E, Airport System Special Facilities RB ^(c)		7.00	%	07/01/29		1,000		999,860
Series 2011 A, Ref. Airport System Special Facilities RB ^(c)		6.63	%	07/15/38		1,000		1,000,780
Houston Higher Education Finance Corp. (Cosmos Foundation, Inc.); Series 2011 A, RB		6.88	%	05/15/41		1,000		1,118,030
La Vernia Higher Education Finance Corp. (Amigos Por Vida Friends for Life); Series 2008, RB		6.25	%	02/15/26		1,465		1,453,734
La Vernia Higher Education Finance Corp. (Knowledge is Power Program, Inc.); Series 2009 A, RB		6.25	%	08/15/39		1,000		1,062,000
Lubbock Health Facilities Development Corp. (Carillon Senior LifeCare Community); Series 2005 A, Ref. First Mortgage RB		6.50	%	07/01/26		2,500		2,554,175
North Texas Tollway Authority;
Series 2008 A, Ref. First Tier System RB (INS-BHAC) ^(a)(e)		5.75	%	01/01/48		3,000		3,292,140
Series 2011 B, Special Project System CAB RB ^(d)		0.00	%	09/01/37		7,000		1,728,860

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

Invesco Municipal Income Opportunities Trust


	Interest Rate			Maturity Date		Principal Amount (000)		Value

Texas–(continued)

Red River Health Facilities Development Corp. (MRC the Crossings); Series 2012, Continuing Care Retirement Community BAN ^(f)		12.00	%		12/14/17	$	825	$	824,612
Red River Health Facilities Development Corp. (Parkview on Hollybrook); Series 2013 A, First Mortgage RB		7.38	%		07/01/48		1,000		905,530
Red River Health Facilities Development Corp. (Sears Methodist Retirement System); Series 2013, Retirement Facility RB		6.15	%		11/15/49		1,000		848,330
San Antonio Convention Hotel Finance Corp. (Empowerment Zone); Series 2005 A, Contract RB (INS-AMBAC) ^(a)(c)		5.00	%		07/15/39		1,000		904,970
Sanger Industrial Development Corp. (Texas Pellets); Series 2012 B, RB ^(c)		8.00	%		07/01/38		1,000		998,280
Tarrant County Cultural Education Facilities Finance Corp. (Mirador); Series 2010 A, Retirement Facility RB		8.13	%		11/15/39		1,000		1,038,280
Tarrant County Cultural Education Facilities Finance Corp. (Stayton at Museum Way); Series 2009 A, Retirement Facility RB		8.25	%		11/15/44		1,000		996,610
Texas (State of) Turnpike Authority (Central Texas Turnpike System); Series 2002, CAB RB (INS-AMBAC) ^(a)(d)		0.00	%		08/15/33		4,160		1,278,909
Texas Private Activity Bond Surface Transportation Corp. (LBJ Infrastructure); Series 2010, Sr. Lien RB		7.00	%		06/30/40		1,000		1,096,320
Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC North Tarrant Express Management Lanes); Series 2009, Sr. Lien RB		6.88	%		12/31/39		1,000		1,083,660
Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC); Series 2013, Sr. Lien RB ^(c)		6.75	%		06/30/43		1,000		1,049,390
Texas State Public Finance Authority Charter School Finance Corp. (Odyssey Academy, Inc.); Series 2010 A, Education RB		7.13	%		02/15/40		1,000		1,062,410
Travis County Health Facilities Development Corp. (Westminster Manor); Series 2010, RB		7.00	%		11/01/30		1,000		1,068,730
Tyler Health Facilities Development Corp. (Mother Frances Hospital Regional Health Care Center); Series 2007, Ref. Hospital RB		5.00	%		07/01/33		1,000		945,610
									37,705,096

Utah–0.31%

Utah (State of) Charter School Finance Authority (North Davis Preparatory Academy); Series 2010, Charter School RB		6.38	%		07/15/40		1,000		1,007,950

Virginia–0.47%

Peninsula Town Center Community Development Authority; Series 2007, Special Obligation RB		6.45	%		09/01/37		226		232,809
Virginia (State of) Small Business Financing Authority (Hampton Roads Proton Beam Therapy Institute at Hampton University, LLC); Series 2009, RB ^(f)(h)(i)		9.00	%		07/01/14		1,200		1,281,684
									1,514,493

Washington–2.37%

King (County of) Public Hospital District No. 4 (Snoqualmie Valley Hospital);
Series 2009, Ref. & Improvement Limited Tax GO Bonds		7.25	%		12/01/38		1,000		1,004,150
Series 2011, Ref. & Improvement Limited Tax GO Bonds		7.00	%		12/01/40		1,000		1,009,120
King (County of); Series 2011 B, Ref. Sewer RB ^(e)		5.00	%		01/01/34		3,000		3,179,670
Washington (State of) Health Care Facilities Authority (Central Washington Health Services Association); Series 2009, RB		7.00	%		07/01/39		1,000		1,071,020
Washington (State of) Health Care Facilities Authority (Seattle Cancer Care Alliance); Series 2009, RB		7.38	%		03/01/38		1,200		1,423,392
									7,687,352

West Virginia–0.61%

Kanawha (County of) (The West Virginia State University Foundation); Series 2013, Student Housing RB		6.75	%		07/01/45		1,000		1,006,570
West Virginia (State of) Hospital Finance Authority (Thomas Health System); Series 2008, RB		6.50	%		10/01/38		1,000		956,080
									1,962,650

Wisconsin–1.87%

Wisconsin (State of) Health & Educational Facilities Authority (Prohealth Care, Inc. Obligated Group); Series 2009, RB		6.38	%		02/15/29		1,500		1,631,040
Wisconsin (State of) Health & Educational Facilities Authority (St. John’s Community, Inc.); Series 2009 A, RB		7.63	%		09/15/39		1,000		1,068,600

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

Invesco Municipal Income Opportunities Trust


	Interest Rate			Maturity Date	Principal Amount (000)		Value

Wisconsin–(continued)

Wisconsin (State of) Health & Educational Facilities Authority (Wisconsin Illinois Senior Housing, Inc.);
Series 2012, RB		5.88	%	08/01/42	$	1,000	$	834,320
Series 2013, RB		7.00	%	08/01/43		1,025		990,160
Wisconsin (State of) Public Finance Authority (Glenridge Palmer Ranch); Series 2011 A, Continuing Care Retirement Community RB		8.25	%	06/01/46		1,000		1,098,660
Wisconsin (State of) Public Finance Authority (Voyager Foundation Inc.); Series 2012 A, Charter School RB		6.20	%	10/01/42		500		452,365
								6,075,145
TOTAL INVESTMENTS^(j)–109.46% (Cost $360,492,334)								355,107,520
FLOATING RATE NOTE OBLIGATIONS–(10.45)%
Notes with interest rates and fee rate ranging from 0.57% to 0.68% at 11/30/13 and contractual maturities of collateral ranging from 06/15/21 to 10/01/52 (See Note 1D) ^(k)								(33,915,000	)
OTHER ASSETS LESS LIABILITIES–0.99%								3,229,908
NET ASSETS–100.00%							$	324,422,428

Investment Abbreviations:


ACA		—ACA Financial Guaranty Corp.
AGM		—Assured Guaranty Municipal Corp.
AMBAC		—American Municipal Bond Assurance Corp.
BAN		—Bond Anticipation Notes
BHAC		—Berkshire Hathaway Assurance Corp.
CAB		—Capital Appreciation Bonds
Conv.		—Convertible
COP		—Certificates of Participation
GO		—General Obligation
IDR		—Industrial Development Revenue Bonds
INS		—Insurer
MFH		—Multi-Family Housing


PCR		—Pollution Control Revenue Bonds
PILOT		—Payment-in-Lieu-of-Tax
RAC		—Revenue Anticipation Certificates
RB		—Revenue Bonds
Ref.		—Refunding
RN		—Revenue Notes
Sec.		—Secured
SGI		—Syncora Guarantee, Inc.
Sr.		—Senior
Sub.		—Subordinated
Wts.		—Warrants

Notes to Schedule of Investments:

^(a)	Principal and/or interest payments are secured by the bond insurance company listed.

^(b)	Convertible CAB. The interest rate shown represents the coupon rate at which the bond will accrue at a specified future date.

^(c)	Security subject to the alternative minimum tax.

^(d)	Zero coupon bond issued at a discount.

^(e)	Underlying security related to Dealer Trusts entered into by the Trust. See Note 1D.

^(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 November 30, 2013 was $8,961,386, which represented 2.76% of the Trust’s Net Assets.

^(g)	Defaulted security. Currently, the issuer is partially or fully in default with respect to interest payments. The aggregate value of these securities at November 30, 2013 was $4,414,201, which represented 1.36% of the Trust’s Net Assets.

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

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

^(j)	Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s obligation but may be called upon to satisfy issuers obligations. No concentration of any single entity was greater than 5%.

^(k)

Floating rate note obligations related to securities held. The interest rates shown reflect the rates in effect at November 30, 2013. At November 30, 2013, the Trust’s investments with a value of $56,341,251 are held by Dealer Trusts and serve as collateral for the $33,915,000 in the floating rate note obligations outstanding at that date.

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

Invesco Municipal Income Opportunities Trust

Notes to Quarterly Schedule of Portfolio Holdings

November 30, 2013

(Unaudited)

NOTE 1 — Significant Accounting Policies

A.	Security Valuations – Securities, including restricted securities, are valued according to the following policy.

Securities are fair valued using an evaluated quote provided by an independent pricing service approved by the Board of Trustees. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate (for unlisted equities), yield (for debt obligations), quality, type of issue, coupon rate (for debt obligations), maturity (for debt obligations), individual trading characteristics and other market data. Debt obligations are subject to interest rate and credit risks. In addition, all debt obligations involve some risk of default with respect to interest and/or principal payments.

Securities for which market quotations either are not readily available or became unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust’s officers following procedures approved by the Board of Trustees. Some of the factors which may be considered in determining fair value are fundamental analytical data relating to the investment; the nature and duration of any restrictions on transferability or disposition; trading in similar securities by the same issuer or comparable companies; relevant political, economic or issuer specific news; and other relevant factors under the circumstances.

Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general economic conditions, interest rates, investor perceptions and market liquidity. 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.

Securities Transactions and Investment Income – Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income (net of withholding tax, if any) is recorded on the ex-dividend date. Bond premiums and discounts are amortized and/or accreted for financial reporting purposes.

The Trust may periodically participate in litigation related to Trust investments. As such, the Trust may receive proceeds from litigation settlements. Any proceeds received are included in the Statement of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.

Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the net realized and unrealized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Trust’s net asset value and, accordingly, they reduce the Trust’s total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Trust and the investment adviser.

Country Determination – For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer’s securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.

Floating Rate Note Obligations – The Trust invests in inverse floating rate securities, such as Residual Interest Bonds (“RIBs”) or Tender Option Bonds (“TOBs”) for investment purposes and to enhance the yield of the Trust. Inverse floating rate investments tend to underperform the market for fixed rate bonds in a rising interest rate environment, but tend to outperform the market for fixed rate bonds when interest rates decline or remain relatively stable. Such transactions may be purchased in the secondary market without first owning the underlying bond or by the sale of fixed rate bonds by the Trust to special purpose trusts established by a broker dealer (“Dealer Trusts”) in exchange for cash and residual interests in the Dealer Trusts’ assets and cash

Invesco Municipal Income Opportunities Trust

D.	Floating Rate Note Obligations –(continued)

flows, which are in the form of inverse floating rate securities. The Dealer Trusts finance the purchases of the fixed rate bonds by issuing floating rate notes to third parties and allowing the Trust to retain residual interests in the bonds. The floating rate notes issued by the Dealer Trusts have interest rates that reset weekly and the floating rate note holders have the option to tender their notes to the Dealer Trusts for redemption at par at each reset date. The residual interests held by the Trust (inverse floating rate investments) include the right of the Trust (1) to cause the holders of the floating rate notes to tender their notes at par at the next interest rate reset date, and (2) to transfer the municipal bond from the Dealer Trusts to the Trust, thereby collapsing the Dealer Trusts.

TOBs are presently classified as private placement securities. Private placement securities are subject to restrictions on resale because they have not been registered under the Securities Act of 1933, as amended (the “1933 Act”), or are otherwise not readily marketable. As a result of the absence of a public trading market for these securities, they may be less liquid than publicly traded securities. Although these securities may be resold in privately negotiated transactions, the prices realized from these sales could be less than those originally paid by the Trust or less than what may be considered the fair value of such securities.

The Trust accounts for the transfer of bonds to the Dealer Trusts as secured borrowings, with the securities transferred remaining in the Trust’s investment assets, and the related floating rate notes reflected as Trust liabilities under the caption Floating rate note obligations on the Statement of Assets and Liabilities. The Trust records the interest income from the fixed rate bonds under the caption Interest and records the expenses related to floating rate obligations and any administrative expenses of the Dealer Trusts a component of Interest, facilities and maintenance fees on the Statement of Operations.

The Trust generally invests in inverse floating rate securities that include embedded leverage, thus exposing the Trust to greater risks and increased costs. The primary risks associated with inverse floating rate securities are varying degrees of liquidity and the changes in the value of such securities in response to changes in market rates of interest to a greater extent than the value of an equal principal amount of a fixed rate security having similar credit quality, redemption provisions and maturity which may cause the Trust’s net asset value to be more volatile than if it had not invested in inverse floating rate securities. In certain instances, the short-term floating rate interests created by the special purpose trust may not be able to be sold to third parties or, in the case of holders tendering (or putting) such interests for repayment of principal, may not be able to be remarketed to third parties. In such cases, the special purpose trust holding the long-term fixed rate bonds may be collapsed. In the case of RIBs or TOBs created by the contribution of long-term fixed income bonds by the Trust, the Trust will then be required to repay the principal amount of the tendered securities. During times of market volatility, illiquidity or uncertainty, the Trust could be required to sell other portfolio holdings at a disadvantageous time to raise cash to meet that obligation.

Other Risks – The value of, payment of interest on, repayment of principal for and the ability to sell a municipal security may be affected by constitutional amendments, legislative enactments, executive orders, administrative regulations, voter initiatives and the economics of the regions in which the issuers are located.

Since many municipal securities are issued to finance similar projects, especially those relating to education, health care, transportation and utilities, conditions in those sectors can affect the overall municipal securities market and a Trust’s investments in municipal securities.

There is some risk that a portion or all of the interest received from certain tax-free municipal securities could become taxable as a result of determinations by the Internal Revenue Service.

NOTE 2 — Additional Valuation Information

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


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

Invesco Municipal Income Opportunities Trust

NOTE 2 — Additional Valuation Information-(continued)


		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, 2013, 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.

NOTE 3 — Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Trust during the nine months ended November 30, 2013 was $89,895,367 and $79,282,165, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end.


Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis
Aggregate unrealized appreciation of investment securities	$	15,906,885
Aggregate unrealized (depreciation) of investment securities		(20,958,336)
Net unrealized appreciation (depreciation) of investment securities	$	(5,051,451)
Cost of investments for tax purposes is $360,158,971.

Invesco Municipal Income Opportunities Trust

Item 2. Controls and Procedures.

(a)

As of November 19, 2013, an evaluation was performed under the supervision and with the participation of the officers of the Registrant, including the Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”), to assess the effectiveness of the Registrant’s disclosure controls and procedures, as that term is defined in Rule 30a-3(c) under the Investment Company Act of 1940 (“Act”), as amended. Based on that evaluation, the Registrant’s officers, including the PEO and PFO, concluded that, as of November 19, 2013, the Registrant’s disclosure controls and procedures were reasonably designed so as to ensure: (1) that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the time periods specified by the rules and forms of the Securities and Exchange Commission; and (2) that material information relating to the Registrant is made known to the PEO and PFO as appropriate to allow timely decisions regarding required disclosure.

(b)

There have been no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

Certifications of PEO and PFO as required by Rule 30a-2(a) under the Investment Company Act of 1940.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Registrant: Invesco Municipal Income Opportunities Trust


By:		/s/ Philip A. Taylor
		Philip A. Taylor
		Principal Executive Officer

Date:		January 29, 2014

Pursuant to the requirements of the Securities and Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.


By:		/s/ Philip A. Taylor
		Philip A. Taylor
		Principal Executive Officer

Date:		January 29, 2014


By:		/s/ Sheri Morris
		Sheri Morris
		Principal Financial Officer

Date:		January 29, 2014

EXHIBIT INDEX

Certifications of Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”) as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended.