NPORT-EX 2 edgar.htm EDGAR HTML
Schedule of Investments(a)  
May 31, 2025
(Unaudited)
 
 

 
Shares
Value
Common Stocks & Other Equity Interests–76.23%
Advertising–0.08%
Omnicom Group, Inc.
700
$51,408
Trade Desk, Inc. (The), Class A(b)
1,305
98,162
 
 
149,570
Aerospace & Defense–1.63%
Boeing Co. (The)(b)
1,955
405,311
General Dynamics Corp.
850
236,717
General Electric Co.
3,241
796,994
L3Harris Technologies, Inc.
564
137,808
Lockheed Martin Corp.
814
392,657
Northrop Grumman Corp.
470
227,842
RTX Corp.
4,528
617,981
TransDigm Group, Inc.
159
233,480
 
 
3,048,790
Agricultural & Farm Machinery–0.21%
Deere & Co.
780
394,883
Agricultural Products & Services–0.05%
Archer-Daniels-Midland Co.
1,789
86,355
Air Freight & Logistics–0.19%
FedEx Corp.
630
137,403
United Parcel Service, Inc., Class B
2,178
212,442
 
 
349,845
Apparel Retail–0.30%
Ross Stores, Inc.
864
121,038
TJX Cos., Inc. (The)
3,504
444,657
 
 
565,695
Apparel, Accessories & Luxury Goods–0.05%
lululemon athletica, inc.(b)
314
99,434
Application Software–2.13%
Adobe, Inc.(b)
1,212
503,089
ANSYS, Inc.(b)
238
78,735
Autodesk, Inc.(b)
560
165,827
Cadence Design Systems, Inc.(b)
742
213,006
Datadog, Inc., Class A(b)
861
101,495
Fair Isaac Corp.(b)
77
132,923
HubSpot, Inc.(b)
147
86,715
Intuit, Inc.
740
557,568
Palantir Technologies, Inc., Class A(b)
6,809
897,290
Roper Technologies, Inc.
363
207,008
Salesforce, Inc.
2,719
721,541
Synopsys, Inc.(b)
402
186,520
Workday, Inc., Class A(b)
584
144,663
 
 
3,996,380
Asset Management & Custody Banks–0.78%
Ameriprise Financial, Inc.(c)
292
148,698
Bank of New York Mellon Corp. (The)(c)
2,086
184,841
BlackRock, Inc.
394
386,077
Blackstone, Inc., Class A
2,113
293,200
 
 
Shares
Value
Asset Management & Custody Banks–(continued)
KKR & Co., Inc., Class A
1,903
$231,138
Northern Trust Corp.
629
67,139
State Street Corp.
818
78,757
T. Rowe Price Group, Inc.
684
64,016
 
 
1,453,866
Automobile Manufacturers–1.56%
Ford Motor Co.(c)
13,819
143,441
General Motors Co.
4,561
226,271
Tesla, Inc.(b)
7,347
2,545,442
 
 
2,915,154
Automotive Parts & Equipment–0.03%
Aptiv PLC (Jersey)(b)
955
63,804
Automotive Retail–0.23%
AutoZone, Inc.(b)
50
186,652
O’Reilly Automotive, Inc.(b)
172
235,210
 
 
421,862
Biotechnology–1.36%
AbbVie, Inc.
5,104
949,905
Amgen, Inc.
1,455
419,302
Biogen, Inc.(b)
475
61,650
BioNTech SE, ADR (Germany)(b)(c)
835
80,001
Gilead Sciences, Inc.
5,023
552,932
Moderna, Inc.(b)(c)
930
24,701
Regeneron Pharmaceuticals, Inc.
310
151,987
Vertex Pharmaceuticals, Inc.(b)
695
307,225
 
 
2,547,703
Broadline Retail–3.15%
Amazon.com, Inc.(b)
25,791
5,287,413
Coupang, Inc. (South Korea)(b)
4,572
128,245
eBay, Inc.
1,652
120,877
MercadoLibre, Inc. (Brazil)(b)
140
358,860
 
 
5,895,395
Building Products–0.34%
Carrier Global Corp.
2,314
164,757
Johnson Controls International PLC
1,842
186,723
Trane Technologies PLC
674
290,002
 
 
641,482
Cable & Satellite–0.31%
Charter Communications, Inc., Class A(b)
315
124,825
Comcast Corp., Class A
13,181
455,667
 
 
580,492
Cargo Ground Transportation–0.05%
Old Dominion Freight Line, Inc.
544
87,132
Casinos & Gaming–0.05%
Las Vegas Sands Corp.
2,044
84,131
Commodity Chemicals–0.06%
Dow, Inc.
2,119
58,781
See accompanying notes which are an integral part of this schedule.
Invesco Income Advantage U.S. Fund
 
 
Shares
Value
Commodity Chemicals–(continued)
LyondellBasell Industries N.V., Class A
985
$55,643
 
 
114,424
Communications Equipment–0.75%
Arista Networks, Inc.(b)
3,347
289,984
Cisco Systems, Inc.
14,054
885,964
Motorola Solutions, Inc.
566
235,105
 
 
1,411,053
Construction & Engineering–0.08%
Quanta Services, Inc.
432
147,986
Construction Machinery & Heavy Transportation Equipment–
0.43%
Caterpillar, Inc.
1,513
526,569
Cummins, Inc.
398
127,949
PACCAR, Inc.
1,533
143,872
 
 
798,390
Construction Materials–0.10%
Martin Marietta Materials, Inc.
165
90,346
Vulcan Materials Co.
359
95,160
 
 
185,506
Consumer Electronics–0.06%
Garmin Ltd.
539
109,401
Consumer Finance–0.50%
American Express Co.
2,103
618,387
Capital One Financial Corp.
1,729
327,041
 
 
945,428
Consumer Staples Merchandise Retail–1.59%
Costco Wholesale Corp.
1,348
1,402,163
Dollar General Corp.(c)
732
71,187
Dollar Tree, Inc.(b)
631
56,954
Target Corp.
1,327
124,751
Walmart, Inc.
13,455
1,328,278
 
 
2,983,333
Copper–0.10%
Freeport-McMoRan, Inc.
4,267
164,194
Southern Copper Corp. (Mexico)
241
21,909
 
 
186,103
Data Center REITs–0.21%
Digital Realty Trust, Inc.(c)
901
154,540
Equinix, Inc.
276
245,314
 
 
399,854
Distillers & Vintners–0.06%
Brown-Forman Corp., Class B(c)
920
30,673
Constellation Brands, Inc., Class A(c)
492
87,718
 
 
118,391
Distributors–0.03%
Genuine Parts Co.
446
56,428
Diversified Banks–2.67%
Bank of America Corp.
22,386
987,894
Citigroup, Inc.
5,864
441,676
Fifth Third Bancorp
1,877
71,683
 
 
Shares
Value
Diversified Banks–(continued)
JPMorgan Chase & Co.
8,442
$2,228,688
NU Holdings Ltd., Class A (Brazil)(b)(c)
9,479
113,843
PNC Financial Services Group, Inc. (The)
1,138
197,796
U.S. Bancorp
4,543
198,029
Wells Fargo & Co.
10,179
761,186
 
 
5,000,795
Diversified Financial Services–0.08%
Apollo Global Management, Inc.
1,169
152,777
Diversified Support Services–0.19%
Cintas Corp.
1,081
244,846
Copart, Inc.(b)(c)
2,237
115,161
 
 
360,007
Electric Utilities–1.31%
American Electric Power Co., Inc.(c)
1,709
176,864
Constellation Energy Corp.
1,164
356,359
Duke Energy Corp.
2,821
332,088
Edison International
1,251
69,618
Entergy Corp.
1,417
118,008
Eversource Energy
1,039
67,338
Exelon Corp.
3,855
168,926
FirstEnergy Corp.
1,933
81,070
NextEra Energy, Inc.
6,338
447,716
PG&E Corp.
6,980
117,822
PPL Corp.
2,501
86,910
Southern Co. (The)(c)
3,523
317,070
Xcel Energy, Inc.
1,661
116,436
 
 
2,456,225
Electrical Components & Equipment–0.49%
AMETEK, Inc.
666
119,041
Eaton Corp. PLC
1,125
360,225
Emerson Electric Co.
1,652
197,215
Rockwell Automation, Inc.
307
96,874
Vertiv Holdings Co., Class A
1,303
140,633
 
 
913,988
Electronic Components–0.24%
Amphenol Corp., Class A
3,741
336,428
Corning, Inc.
2,455
121,744
 
 
458,172
Electronic Equipment & Instruments–0.04%
Keysight Technologies, Inc.(b)(c)
489
76,793
Electronic Manufacturing Services–0.08%
TE Connectivity PLC (Switzerland)
988
158,149
Environmental & Facilities Services–0.32%
Republic Services, Inc.
598
153,859
Waste Connections, Inc.
750
147,818
Waste Management, Inc.
1,264
304,586
 
 
606,263
Fertilizers & Agricultural Chemicals–0.08%
Corteva, Inc.
2,050
145,140
Financial Exchanges & Data–0.88%
CME Group, Inc., Class A
1,095
316,455
See accompanying notes which are an integral part of this schedule.
Invesco Income Advantage U.S. Fund
 
 
Shares
Value
Financial Exchanges & Data–(continued)
Coinbase Global, Inc., Class A(b)(c)
510
$125,776
Intercontinental Exchange, Inc.
1,616
290,557
Moody’s Corp.
519
248,767
MSCI, Inc.
206
116,188
Nasdaq, Inc.
1,224
102,253
S&P Global, Inc.
876
449,266
 
 
1,649,262
Food Distributors–0.06%
Sysco Corp.
1,437
104,901
Food Retail–0.08%
Kroger Co. (The)
2,121
144,716
Footwear–0.12%
NIKE, Inc., Class B
3,597
217,942
Gold–0.10%
Newmont Corp.
3,555
187,420
Health Care Distributors–0.27%
Cardinal Health, Inc.
655
101,158
Cencora, Inc.
485
141,252
McKesson Corp.
375
269,816
 
 
512,226
Health Care Equipment–1.79%
Abbott Laboratories
4,788
639,581
Baxter International, Inc.
1,382
42,151
Becton, Dickinson and Co.
873
150,671
Boston Scientific Corp.(b)
5,119
538,826
DexCom, Inc.(b)
1,049
90,004
Edwards Lifesciences Corp.(b)
1,530
119,677
GE HealthCare Technologies, Inc.
1,336
94,241
IDEXX Laboratories, Inc.(b)
218
111,912
Intuitive Surgical, Inc.(b)
1,120
618,621
Medtronic PLC
3,970
329,431
ResMed, Inc.(c)
501
122,640
STERIS PLC
267
65,471
Stryker Corp.
969
370,778
Zimmer Biomet Holdings, Inc.
645
59,450
 
 
3,353,454
Health Care Facilities–0.15%
HCA Healthcare, Inc.
715
272,694
Health Care REITs–0.22%
Alexandria Real Estate Equities, Inc.(c)
580
40,710
Ventas, Inc.
1,381
88,771
Welltower, Inc.
1,892
291,898
 
 
421,379
Health Care Services–0.31%
Cigna Group (The)
820
259,645
CVS Health Corp.
4,072
260,771
Labcorp Holdings, Inc.
264
65,728
 
 
586,144
Health Care Supplies–0.02%
Align Technology, Inc.(b)
188
34,017
 
 
Shares
Value
Health Care Technology–0.06%
Veeva Systems, Inc., Class A(b)
403
$112,719
Heavy Electrical Equipment–0.18%
GE Vernova, Inc.
720
340,546
Home Improvement Retail–0.79%
Home Depot, Inc. (The)
2,873
1,058,097
Lowe’s Cos., Inc.
1,844
416,246
 
 
1,474,343
Homebuilding–0.11%
D.R. Horton, Inc.
1,023
120,776
Lennar Corp., Class A
879
93,244
 
 
214,020
Hotels, Resorts & Cruise Lines–0.70%
Airbnb, Inc., Class A(b)
1,220
157,380
Booking Holdings, Inc.
100
551,893
Hilton Worldwide Holdings, Inc.
709
176,144
Marriott International, Inc., Class A
658
173,600
Royal Caribbean Cruises Ltd.
987
253,629
 
 
1,312,646
Household Products–0.86%
Church & Dwight Co., Inc.
668
65,671
Colgate-Palmolive Co.
2,702
251,124
Kimberly-Clark Corp.
984
141,460
Procter & Gamble Co. (The)
6,779
1,151,684
 
 
1,609,939
Human Resource & Employment Services–0.28%
Automatic Data Processing, Inc.
1,209
393,566
Paychex, Inc.(c)
872
137,697
 
 
531,263
Industrial Conglomerates–0.36%
3M Co.
1,797
266,585
Honeywell International, Inc.
1,821
412,766
 
 
679,351
Industrial Gases–0.45%
Air Products and Chemicals, Inc.
633
176,550
Linde PLC
1,416
662,093
 
 
838,643
Industrial Machinery & Supplies & Components–0.47%
Dover Corp.
437
77,677
Fortive Corp.
1,083
76,016
Illinois Tool Works, Inc.
851
208,563
Ingersoll Rand, Inc.
1,095
89,396
Otis Worldwide Corp.
1,147
109,366
Parker-Hannifin Corp.
350
232,645
Xylem, Inc.
656
82,682
 
 
876,345
Industrial REITs–0.15%
Prologis, Inc.
2,671
290,071
Insurance Brokers–0.50%
Aon PLC, Class A
576
214,318
Arthur J. Gallagher & Co.
736
255,716
Marsh & McLennan Cos., Inc.
1,514
353,761
See accompanying notes which are an integral part of this schedule.
Invesco Income Advantage U.S. Fund
 
 
Shares
Value
Insurance Brokers–(continued)
Willis Towers Watson PLC
332
$105,095
 
 
928,890
Integrated Oil & Gas–1.04%
Chevron Corp.
4,858
664,088
Exxon Mobil Corp.
11,370
1,163,151
Occidental Petroleum Corp.
2,988
121,851
 
 
1,949,090
Integrated Telecommunication Services–0.82%
AT&T, Inc.
29,365
816,347
Verizon Communications, Inc.
16,294
716,284
 
 
1,532,631
Interactive Home Entertainment–0.13%
Electronic Arts, Inc.
820
117,899
Roblox Corp., Class A(b)
1,406
122,294
 
 
240,193
Interactive Media & Services–5.18%
Alphabet, Inc., Class A
31,166
5,352,449
Meta Platforms, Inc., Class A
6,717
4,349,190
 
 
9,701,639
Internet Services & Infrastructure–0.09%
Snowflake, Inc., Class A(b)
803
165,153
Investment Banking & Brokerage–0.77%
Charles Schwab Corp. (The)
4,453
393,378
Goldman Sachs Group, Inc. (The)
964
578,834
Morgan Stanley
3,628
464,493
 
 
1,436,705
IT Consulting & Other Services–0.86%
Accenture PLC, Class A (Ireland)
1,773
561,722
Cognizant Technology Solutions Corp.,
Class A
1,636
132,500
Gartner, Inc.(b)
213
92,957
International Business Machines Corp.
3,168
820,702
 
 
1,607,881
Life & Health Insurance–0.27%
Aflac, Inc.
1,519
157,277
MetLife, Inc.
2,255
177,198
Principal Financial Group, Inc.
665
51,797
Prudential Financial, Inc.
1,152
119,681
 
 
505,953
Life Sciences Tools & Services–0.62%
Agilent Technologies, Inc.
816
91,327
Danaher Corp.
1,852
351,695
Illumina, Inc.(b)(c)
454
37,337
IQVIA Holdings, Inc.(b)
515
72,270
Mettler-Toledo International, Inc.(b)
61
70,487
Thermo Fisher Scientific, Inc.
1,086
437,462
Waters Corp.(b)
161
56,228
West Pharmaceutical Services, Inc.(c)
196
41,326
 
 
1,158,132
Managed Health Care–0.63%
Centene Corp.(b)
1,545
87,200
 
 
Shares
Value
Managed Health Care–(continued)
Elevance Health, Inc.
658
$252,567
Humana, Inc.
328
76,466
UnitedHealth Group, Inc.(c)
2,548
769,267
 
 
1,185,500
Metal, Glass & Plastic Containers–0.02%
Ball Corp.
766
41,042
Movies & Entertainment–1.10%
Liberty Media Corp.-Liberty Formula
One(b)(c)
1,138
109,851
Netflix, Inc.(b)
1,115
1,346,061
Walt Disney Co. (The)
4,716
533,097
Warner Bros. Discovery, Inc.(b)
7,291
72,691
 
 
2,061,700
Multi-Family Residential REITs–0.10%
AvalonBay Communities, Inc.
468
96,768
Equity Residential(c)
1,270
89,078
 
 
185,846
Multi-line Insurance–0.08%
American International Group, Inc.
1,839
155,653
Multi-Sector Holdings–1.47%
Berkshire Hathaway, Inc., Class B(b)
5,471
2,757,165
Multi-Utilities–0.49%
Ameren Corp.
859
83,220
CMS Energy Corp.
967
67,912
Consolidated Edison, Inc.
1,190
124,343
Dominion Energy, Inc.
2,424
137,368
DTE Energy Co.
716
97,841
Public Service Enterprise Group, Inc.
1,751
141,884
Sempra
1,898
149,164
WEC Energy Group, Inc.
1,124
120,763
 
 
922,495
Oil & Gas Equipment & Services–0.15%
Baker Hughes Co., Class A
2,829
104,814
Halliburton Co.
2,796
54,774
Schlumberger N.V.
3,444
113,824
 
 
273,412
Oil & Gas Exploration & Production–0.42%
ConocoPhillips
3,527
301,030
Coterra Energy, Inc.
2,174
52,850
Devon Energy Corp.
1,947
58,916
Diamondback Energy, Inc.
548
73,733
EOG Resources, Inc.
1,685
182,940
Hess Corp.
835
110,379
 
 
779,848
Oil & Gas Refining & Marketing–0.21%
Marathon Petroleum Corp.
929
149,328
Phillips 66
1,033
117,225
Valero Energy Corp.
1,023
131,936
 
 
398,489
Oil & Gas Storage & Transportation–0.36%
Cheniere Energy, Inc.
634
150,252
Kinder Morgan, Inc.
5,882
164,931
See accompanying notes which are an integral part of this schedule.
Invesco Income Advantage U.S. Fund
 
 
Shares
Value
Oil & Gas Storage & Transportation–(continued)
ONEOK, Inc.
1,712
$138,398
Williams Cos., Inc. (The)
3,723
225,279
 
 
678,860
Other Specialized REITs–0.07%
Millrose Properties, Inc.(b)(c)
119
3,316
VICI Properties, Inc.(c)
4,036
127,982
 
 
131,298
Other Specialty Retail–0.04%
Ulta Beauty, Inc.(b)
152
71,662
Packaged Foods & Meats–0.41%
General Mills, Inc.
1,884
102,226
Hershey Co. (The)(c)
475
76,328
Hormel Foods Corp.
1,651
50,653
Kellanova
880
72,714
Kraft Heinz Co. (The)
3,839
102,616
McCormick & Co., Inc.
728
52,947
Mondelez International, Inc., Class A
3,797
256,260
Tyson Foods, Inc., Class A
866
48,635
 
 
762,379
Passenger Airlines–0.01%
Delta Air Lines, Inc.
538
26,034
Passenger Ground Transportation–0.25%
Uber Technologies, Inc.(b)
5,665
476,766
Personal Care Products–0.09%
Estee Lauder Cos., Inc. (The), Class A
686
45,921
Kenvue, Inc.
4,842
115,578
 
 
161,499
Pharmaceuticals–2.43%
Bristol-Myers Squibb Co.
6,605
318,890
Eli Lilly and Co.
2,336
1,723,197
Johnson & Johnson
8,501
1,319,440
Merck & Co., Inc.
7,899
606,959
Pfizer, Inc.
16,350
384,062
Zoetis, Inc.
1,237
208,595
 
 
4,561,143
Property & Casualty Insurance–0.86%
Allstate Corp. (The)
835
175,242
Arch Capital Group Ltd.
1,232
117,089
Chubb Ltd.
1,307
388,441
Hartford Insurance Group, Inc. (The)
1,021
132,567
Markel Group, Inc.(b)
42
81,551
Progressive Corp. (The)
1,826
520,282
Travelers Cos., Inc. (The)
729
200,985
 
 
1,616,157
Rail Transportation–0.38%
CSX Corp.
5,734
181,137
Norfolk Southern Corp.(c)
579
143,082
Union Pacific Corp.
1,769
392,117
 
 
716,336
Real Estate Services–0.11%
CBRE Group, Inc., Class A(b)
975
121,894
 
 
Shares
Value
Real Estate Services–(continued)
CoStar Group, Inc.(b)
1,101
$80,990
 
 
202,884
Regional Banks–0.16%
M&T Bank Corp.
516
94,242
Regions Financial Corp.
2,793
59,882
Truist Financial Corp.
3,456
136,512
 
 
290,636
Research & Consulting Services–0.12%
Equifax, Inc.
336
88,768
Verisk Analytics, Inc.
437
137,279
 
 
226,047
Restaurants–0.75%
Chipotle Mexican Grill, Inc.(b)(c)
3,510
175,781
DoorDash, Inc., Class A(b)
923
192,584
McDonald’s Corp.
2,138
671,011
Starbucks Corp.
2,959
248,408
Yum! Brands, Inc.
856
123,213
 
 
1,410,997
Retail REITs–0.16%
Realty Income Corp.
2,775
157,121
Simon Property Group, Inc.
901
146,926
 
 
304,047
Self-Storage REITs–0.13%
Extra Space Storage, Inc.
629
95,073
Public Storage
500
154,205
 
 
249,278
Semiconductor Materials & Equipment–0.53%
Applied Materials, Inc.
2,470
387,172
KLA Corp.
368
278,532
Lam Research Corp.
4,104
331,562
 
 
997,266
Semiconductors–7.84%
Advanced Micro Devices, Inc.(b)
4,204
465,509
Analog Devices, Inc.
1,462
312,839
Broadcom, Inc.
13,214
3,198,713
GLOBALFOUNDRIES, Inc.(b)
286
10,239
Intel Corp.
11,296
220,837
Marvell Technology, Inc.
2,315
139,340
Microchip Technology, Inc.
1,501
87,118
Micron Technology, Inc.
3,158
298,304
Monolithic Power Systems, Inc.
139
92,004
NVIDIA Corp.
65,175
8,807,098
ON Semiconductor Corp.(b)
1,289
54,164
QUALCOMM, Inc.
3,399
493,535
Texas Instruments, Inc.
2,789
509,968
 
 
14,689,668
Soft Drinks & Non-alcoholic Beverages–0.90%
Coca-Cola Co. (The)
12,561
905,648
Keurig Dr Pepper, Inc.
3,509
118,148
Monster Beverage Corp.(b)
2,056
131,481
PepsiCo, Inc.
4,034
530,270
 
 
1,685,547
See accompanying notes which are an integral part of this schedule.
Invesco Income Advantage U.S. Fund
 
 
Shares
Value
Specialty Chemicals–0.37%
DuPont de Nemours, Inc.
1,468
$98,063
Ecolab, Inc.
760
201,871
International Flavors & Fragrances, Inc.
684
52,367
PPG Industries, Inc.
659
73,017
Sherwin-Williams Co. (The)
732
262,649
 
 
687,967
Steel–0.04%
Nucor Corp.
767
83,879
Systems Software–6.18%
CrowdStrike Holdings, Inc., Class A(b)
589
277,637
Fortinet, Inc.(b)
1,775
180,660
Microsoft Corp.
20,371
9,377,994
Oracle Corp.
4,965
821,856
Palo Alto Networks, Inc.(b)
1,709
328,846
ServiceNow, Inc.(b)
583
589,465
 
 
11,576,458
Technology Distributors–0.04%
CDW Corp.
433
78,096
Technology Hardware, Storage & Peripherals–4.82%
Apple, Inc.
42,968
8,630,123
Dell Technologies, Inc., Class C
954
106,151
Hewlett Packard Enterprise Co.
5,156
89,096
HP, Inc.
3,078
76,642
NetApp, Inc.
692
68,619
Super Micro Computer, Inc.(b)(c)
1,383
55,348
 
 
9,025,979
Telecom Tower REITs–0.26%
American Tower Corp.
1,343
288,275
Crown Castle, Inc.
1,183
118,714
SBA Communications Corp., Class A
355
82,321
 
 
489,310
Timber REITs–0.03%
Weyerhaeuser Co.
2,230
57,779
Tobacco–0.62%
Altria Group, Inc.
5,703
345,659
Philip Morris International, Inc.
4,485
809,946
 
 
1,155,605
Trading Companies & Distributors–0.28%
Fastenal Co.
3,305
136,629
Ferguson Enterprises, Inc.
537
97,916
United Rentals, Inc.
203
143,801
W.W. Grainger, Inc.
134
145,733
 
 
524,079
Transaction & Payment Processing Services–2.38%
Block, Inc., Class A(b)(c)
1,482
91,513
Corpay, Inc.(b)
232
75,426
Fidelity National Information Services, Inc.
1,709
136,053
Fiserv, Inc.(b)
1,726
280,976
Global Payments, Inc.
951
71,905
Mastercard, Inc., Class A
2,851
1,669,546
PayPal Holdings, Inc.(b)
3,573
251,110
 
 
Shares
Value
Transaction & Payment Processing Services–(continued)
Visa, Inc., Class A
5,131
$1,873,790
 
 
4,450,319
Water Utilities–0.04%
American Water Works Co., Inc.
559
79,920
Wireless Telecommunication Services–0.24%
T-Mobile US, Inc.
1,833
443,953
Total Common Stocks & Other Equity Interests
(Cost $102,324,606)
142,829,885
 
Principal
Amount
 
Equity Linked Notes–5.17%
Diversified Banks–4.13%
Barclays Bank PLC (S&P 500 Index)
(United Kingdom), 125.00%,
06/18/2025(d)
 
$204,000
205,364
Citigroup, Inc. (S&P 500 Index),
99.43%, 06/04/2025(d)
 
464,000
463,369
120.38%, 06/05/2025(d)
 
611,000
581,289
115.51%, 06/11/2025(d)
 
454,000
431,020
153.30%, 06/20/2025(d)
 
674,000
692,291
117.62%, 07/02/2025(d)
 
413,000
413,000
Royal Bank of Canada (S&P 500 Index)
(Canada),
138.44%, 06/12/2025(d)
 
1,542,000
1,563,361
101.92%, 06/25/2025(d)
 
1,094,000
1,109,722
Societe Generale (S&P 500 Index)
(France),
122.91%, 06/24/2025(d)
 
841,000
851,369
136.20%, 06/26/2025(d)
 
777,000
786,641
Toronto-Dominion Bank (The) (S&P 500
Index) (Canada), 106.50%,
06/02/2025
 
699,000
646,330
 
 
7,743,756
Diversified Capital Markets–1.04%
UBS Group AG (S&P 500 Index)
(Switzerland),
110.26%, 06/09/2025(d)
 
585,000
556,806
119.00%, 06/16/2025(d)
 
668,000
680,072
121.75%, 06/30/2025(d)
 
699,000
706,916
 
 
1,943,794
Total Equity Linked Notes (Cost $9,725,000)
9,687,550
 

Shares
 
Money Market Funds–19.96%
Invesco Government & Agency Portfolio,
Institutional Class, 4.24%(e)(f)
13,152,783
13,152,783
Invesco Treasury Portfolio, Institutional
Class, 4.22%(e)(f)
24,253,433
24,253,433
Total Money Market Funds (Cost $37,406,216)
37,406,216
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased
with cash collateral from securities
on loan)-101.36%
(Cost $149,455,822)
 
189,923,651
Investments Purchased with Cash Collateral from
Securities on Loan
Money Market Funds–1.97%
Invesco Private Government Fund,
4.29%(e)(f)(g)
1,022,020
1,022,020
See accompanying notes which are an integral part of this schedule.
Invesco Income Advantage U.S. Fund
 
 
Shares
Value
Money Market Funds–(continued)
Invesco Private Prime Fund, 4.45%(e)(f)(g)
2,659,218
$2,659,750
Total Investments Purchased with Cash Collateral
from Securities on Loan (Cost $3,681,770)
3,681,770
TOTAL INVESTMENTS IN SECURITIES–103.33%
(Cost $153,137,592)
193,605,421
OTHER ASSETS LESS LIABILITIES—(3.33)%
(6,235,764
)
NET ASSETS–100.00%
$187,369,657
Investment Abbreviations: 
ADR
– American Depositary Receipt
REIT
– Real Estate Investment Trust
Notes to Schedule of Investments: 
(a)
Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the
exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b)
Non-income producing security.
(c)
All or a portion of this security was out on loan at May 31, 2025.
(d)
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, 2025 was $9,041,220, which represented 4.83% of the Fund’s Net Assets.
(e)
Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended May 31, 2025.
 
 
Value
August 31, 2024
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
(Loss)
Value
May 31, 2025
Dividend Income
Investments in Affiliated Money Market Funds:
Invesco Government & Agency Portfolio, Institutional
Class
$14,402,682
$18,949,630
$(20,199,529)
$-
$-
$13,152,783
$430,829
Invesco Treasury Portfolio, Institutional Class
26,574,675
35,192,171
(37,513,413)
-
-
24,253,433
786,975
Investments Purchased with Cash Collateral from
Securities on Loan:
Invesco Private Government Fund
557,137
21,799,425
(21,334,542)
-
-
1,022,020
29,991*
Invesco Private Prime Fund
1,451,384
47,563,712
(46,354,925)
(69)
(352)
2,659,750
80,961*
Total
$42,985,878
$123,504,938
$(125,402,409)
$(69)
$(352)
$41,087,986
$1,328,756
 
*
Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from
borrowers, if any.
 
(f)
The rate shown is the 7-day SEC standardized yield as of May 31, 2025.
(g)
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of
the securities loaned.
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 Income Advantage U.S. Fund
Notes to Quarterly Schedule of Portfolio Holdings
May 31, 2025
(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. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.
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, 2025. 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
Common Stocks & Other Equity Interests
$142,829,885
$—
$—
$142,829,885
Equity Linked Notes
—
9,687,550
—
9,687,550
Money Market Funds
37,406,216
3,681,770
—
41,087,986
Total Investments
$180,236,101
$13,369,320
$—
$193,605,421
Invesco Income Advantage U.S. Fund