NPORT-EX 2 edgar.htm EDGAR HTML
Schedule of Investments  
September 30, 2025
(Unaudited)
 
 
Principal
Amount
Value
U.S. Government Sponsored Agency Mortgage-Backed
Securities–108.92%
Collateralized Mortgage Obligations–11.92%
Fannie Mae Grantor Trust,
Series 1999-T2, Class A1,
7.50%, 01/19/2039(a)
 
$75,053
$77,695
Fannie Mae Interest STRIPS,
IO,
7.00%, 02/25/2028(b)
 
60,676
2,867
6.50%, 04/25/2029 to
02/25/2033(b)
 
602,469
66,306
8.00%, 05/25/2030(b)
 
140,420
16,182
7.50%, 01/25/2032(b)
 
40,460
5,014
6.00%, 02/25/2033 to
09/25/2035(b)(d)
 
843,452
102,955
5.50%, 11/25/2033 to
06/25/2035(b)
 
410,566
55,269
PO,
0.00%, 09/25/2032(c)
 
22,733
20,869
Fannie Mae REMICs,
IO,
2.50%, 12/25/2025 to
08/25/2049(b)
 
18,214,450
2,647,166
3.00%, 10/25/2026 to
02/25/2028(b)
 
444,075
8,007
8.00%, 08/18/2027 to
09/18/2027(b)
 
31,656
1,268
6.50%, 10/25/2028 to
05/25/2033(b)
 
13,997
5,421
0.75%, 10/25/2031(b)
 
1,740
22
2.23% (6.70% - (30 Day Average
SOFR + 0.11%)), 10/25/2031 to
05/25/2035(b)(e)
 
340,899
29,079
3.43% (7.90% - (30 Day Average
SOFR + 0.11%)),
11/25/2031(b)(e)
 
43,160
4,391
3.40% (7.90% - (30 Day Average
SOFR + 0.11%)),
12/18/2031(b)(e)
 
24,586
1,317
3.48% (7.95% - (30 Day Average
SOFR + 0.11%)),
01/25/2032(b)(e)
 
28,761
2,601
3.50% (8.00% - (30 Day Average
SOFR + 0.11%)),
03/18/2032(b)(e)
 
66,340
6,739
3.63% (8.10% - (30 Day Average
SOFR + 0.11%)), 03/25/2032 to
04/25/2032(b)(e)
 
92,264
9,227
2.53% (7.00% - (30 Day Average
SOFR + 0.11%)), 04/25/2032 to
08/25/2032(b)(e)
 
146,102
12,447
3.33% (7.80% - (30 Day Average
SOFR + 0.11%)),
04/25/2032(b)(e)
 
30,327
3,295
3.53% (8.00% - (30 Day Average
SOFR + 0.11%)), 07/25/2032 to
09/25/2032(b)(e)
 
187,244
18,993
3.60% (8.10% - (30 Day Average
SOFR + 0.11%)),
12/18/2032(b)(e)
 
113,498
10,091
 
Principal
Amount
Value
Collateralized Mortgage Obligations–(continued)
3.78% (8.25% - (30 Day Average
SOFR + 0.11%)), 02/25/2033 to
05/25/2033(b)(e)
 
$164,129
$24,211
6.00%, 05/25/2033(b)
 
8,341
1,204
7.00%, 05/25/2033(b)
 
90,242
10,525
1.58% (6.05% - (30 Day Average
SOFR + 0.11%)), 03/25/2035 to
07/25/2038(b)(e)
 
489,387
42,664
2.28% (6.75% - (30 Day Average
SOFR + 0.11%)),
03/25/2035(b)(e)
 
24,163
1,246
2.13% (6.60% - (30 Day Average
SOFR + 0.11%)),
05/25/2035(b)(e)
 
94,919
4,561
3.50%, 08/25/2035 to
08/25/2042(b)
 
991,359
106,034
4.00%, 04/25/2041 to
08/25/2047(b)
 
221,358
40,830
2.08% (6.55% - (30 Day Average
SOFR + 0.11%)),
10/25/2041(b)(e)
 
83,321
7,159
1.68% (6.15% - (30 Day Average
SOFR + 0.11%)),
12/25/2042(b)(e)
 
305,153
37,812
4.50%, 02/25/2043(b)
 
188,129
22,063
5.50%, 07/25/2046(b)
 
197,021
25,723
1.43% (5.90% - (30 Day Average
SOFR + 0.11%)),
09/25/2047(b)(e)
 
1,346,365
139,714
2.00%, 03/25/2051(b)
 
5,660,513
796,678
1.55%, 02/25/2056(d)
 
3,146,513
199,698
7.00%, 03/18/2027 to
09/25/2032
 
58,899
62,113
6.50%, 11/25/2029
 
37,709
38,365
5.47% (30 Day Average SOFR +
1.11%), 12/25/2031 to
12/25/2032(e)
 
191,769
193,481
5.50% (30 Day Average SOFR +
1.11%), 03/18/2032 to
12/18/2032(e)
 
166,856
168,579
4.97% (30 Day Average SOFR +
0.61%), 08/25/2032 to
06/25/2046(e)
 
641,090
636,746
5.00% (30 Day Average SOFR +
0.61%), 10/18/2032(e)
 
18,562
18,512
4.87% (30 Day Average SOFR +
0.51%), 03/25/2033 to
03/25/2042(e)
 
127,469
126,337
4.81% (30 Day Average SOFR +
0.45%), 06/25/2035(e)
 
456,006
452,904
4.82% (30 Day Average SOFR +
0.46%), 08/25/2035 to
10/25/2035(e)
 
245,630
244,591
8.17% (24.57% - (3.67 x
(30 Day Average SOFR +
0.11%))), 03/25/2036(e)
 
86,378
102,969
7.81% (24.20% - (3.67 x (30 Day
Average SOFR + 0.11%))),
06/25/2036(e)
 
52,360
62,242
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
 
Principal
Amount
Value
Collateralized Mortgage Obligations–(continued)
7.81% (24.20% - (3.67 x (30 Day
Average SOFR + 0.11%))),
06/25/2036(e)
 
$54,114
$59,837
5.41% (30 Day Average SOFR +
1.05%), 06/25/2037(e)
 
456,315
461,128
4.92% (30 Day Average SOFR +
0.56%), 08/25/2037(e)
 
308,413
305,233
6.60%, 06/25/2039(a)
 
197,872
206,769
4.00%, 03/25/2041
 
244,721
234,987
3.00%, 07/25/2045
 
2,559,019
2,524,168
Freddie Mac Multifamily Structured
Pass-Through Ctfs.,
Series K734, Class X1, IO,
0.78%, 02/25/2026(d)
 
10,265,190
9,648
Series K735, Class X1, IO,
1.10%, 05/25/2026(d)
 
14,987,214
55,681
Series K093, Class X1, IO,
1.08%, 05/25/2029(d)
 
12,180,298
347,961
Series Q004, Class AFL,
4.89%(12 mo. MTA Rate +
0.74%), 05/25/2044(e)
 
191,809
191,821
Freddie Mac REMICs,
3.50%, 11/15/2025 to
05/15/2032
 
235,956
232,095
1.50%, 08/15/2027
 
4,008,556
3,927,273
6.95%, 03/15/2028
 
30,849
31,181
6.50%, 08/15/2028 to
03/15/2032
 
466,931
475,445
5.09% (30 Day Average SOFR +
0.71%), 01/15/2029 to
12/15/2032(e)
 
42,597
42,683
6.00%, 01/15/2029 to
04/15/2029
 
65,676
66,820
4.84% (30 Day Average SOFR +
0.46%), 02/15/2029(e)
 
39,037
38,979
5.37% (30 Day Average SOFR +
1.01%), 03/15/2029(e)
 
41,610
41,743
4.89% (30 Day Average SOFR +
0.51%), 06/15/2029 to
01/15/2033(e)
 
73,072
72,892
5.14% (30 Day Average SOFR +
0.76%), 07/15/2029(e)
 
9,713
9,715
8.00%, 03/15/2030
 
21,685
22,469
5.44% (30 Day Average SOFR +
1.06%), 08/15/2031(e)
 
44,041
44,471
4.99% (30 Day Average SOFR +
0.61%), 02/15/2032 to
03/15/2032(e)
 
134,759
134,412
5.49% (30 Day Average SOFR +
1.11%), 02/15/2032 to
03/15/2032(e)
 
91,584
92,419
5.04% (30 Day Average SOFR +
0.66%), 03/15/2032 to
10/15/2036(e)
 
361,877
360,563
8.30% (24.75% - (3.67 x
(30 Day Average SOFR +
0.11%))), 08/15/2035(e)
 
14,414
17,147
4.79% (30 Day Average SOFR +
0.41%), 03/15/2036(e)
 
786,439
778,692
4.94% (30 Day Average SOFR +
0.56%), 07/15/2037(e)
 
50,175
49,842
4.00%, 06/15/2038
 
82,060
78,939
2.50%, 07/15/2038
 
615,901
584,879
 
Principal
Amount
Value
Collateralized Mortgage Obligations–(continued)
4.96% (30 Day Average SOFR +
0.61%), 03/15/2042(e)
 
$60,908
$61,451
IO,
3.00%, 07/15/2026 to
12/15/2027(b)
 
995,316
27,319
3.16% (7.65% - (30 Day Average
SOFR + 0.11%)),
07/15/2026(b)(e)
 
1,125
9
2.50%, 09/15/2027 to
09/25/2048(b)
 
7,600,257
1,029,481
4.20% (8.70% - (30 Day Average
SOFR + 0.11%)),
07/17/2028(b)(e)
 
10
0
3.61% (8.10% - (30 Day Average
SOFR + 0.11%)), 06/15/2029 to
09/15/2029(b)(e)
 
65,500
3,942
2.21% (6.70% - (30 Day Average
SOFR + 0.11%)),
01/15/2035(b)(e)
 
398,392
25,818
2.26% (6.75% - (30 Day Average
SOFR + 0.11%)),
02/15/2035(b)(e)
 
59,929
3,763
2.23% (6.72% - (30 Day Average
SOFR + 0.11%)),
05/15/2035(b)(e)
 
69,212
4,409
2.51% (7.00% - (30 Day Average
SOFR + 0.11%)),
12/15/2037(b)(e)
 
8,206
880
1.51% (6.00% - (30 Day Average
SOFR + 0.11%)),
04/15/2038(b)(e)
 
23,380
2,121
1.58% (6.07% - (30 Day Average
SOFR + 0.11%)),
05/15/2038(b)(e)
 
525,020
43,669
1.83%, 02/15/2039(d)
 
1,105,520
62,880
1.76% (6.25% - (30 Day Average
SOFR + 0.11%)),
12/15/2039(b)(e)
 
118,188
11,197
1.61% (6.10% - (30 Day Average
SOFR + 0.11%)),
01/15/2044(b)(e)
 
203,406
21,056
Freddie Mac Seasoned Loans
Structured Transaction,
Series 2019-1, Class A2,
3.50%, 05/25/2029
 
2,000,000
1,944,405
Freddie Mac STRIPS,
IO,
3.00%, 12/15/2027(b)
 
73,693
1,499
3.15%, 12/15/2027(d)
 
22,022
526
6.50%, 02/01/2028(b)
 
7,370
376
7.00%, 09/01/2029(b)
 
86,338
7,723
7.50%, 12/15/2029(b)
 
7,520
744
8.00%, 06/15/2031(b)
 
179,134
24,585
6.00%, 12/15/2032(b)
 
40,853
4,413
0.00%, 12/01/2031 to
03/01/2032(c)
 
111,864
101,987

4.99%(30 Day Average SOFR +
0.61%), 05/15/2036(e)
 
384,910
383,317
Freddie Mac Structured Pass-Through
Ctfs., Series T-54, Class 2A,
6.50%, 02/25/2043
 
1,061,519
1,070,265
Freddie Mac Whole Loan Securities
Trust, Series 2015-SC02,
Class 1A,
3.00%, 09/25/2045
 
185,809
163,188
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
 
Principal
Amount
Value
Collateralized Mortgage Obligations–(continued)
Uniform Mortgage-Backed Securities,
TBA,
6.50%, 10/14/2025(f)
 
$8,000,000
$8,268,320
5.00%, 10/01/2040(f)
 
2,290,000
2,313,944
3.00%, 10/01/2055(f)
 
3,789,000
3,328,688
5.50%, 10/01/2055(f)
 
2,735,000
2,757,958
6.00%, 10/01/2055(f)
 
20,770,000
21,221,621
 
 
61,065,628
Federal Home Loan Mortgage Corp. (FHLMC)–30.33%
6.50%, 07/01/2028 to
04/01/2034
 
192,398
199,207
6.00%, 03/01/2029 to
10/01/2029
 
79,357
81,474
2.50%, 02/01/2031 to
04/01/2052
 
37,656,947
32,290,960
8.50%, 03/01/2031 to
08/01/2031
 
44,701
47,164
7.00%, 10/01/2031 to
10/01/2037
 
84,010
88,482
7.50%, 01/01/2032 to
08/01/2037
 
2,285,701
2,396,472
3.00%, 02/01/2032 to
05/01/2050
 
24,135,215
21,972,702
8.00%, 08/01/2032
 
28,700
30,168
5.50%, 12/01/2036 to
05/01/2053
 
25,140,955
25,608,460
5.00%, 01/01/2037 to
07/01/2052
 
7,099,590
7,110,896
4.50%, 05/01/2038 to
07/01/2052
 
13,901,316
13,693,922
5.35%, 07/01/2038 to
10/17/2038
 
757,356
774,408
5.45%, 11/25/2038
 
792,879
812,710
5.80%, 01/20/2039
 
308,139
312,746
4.00%, 06/01/2042 to
07/01/2049
 
13,417,233
12,972,929
3.50%, 09/01/2045 to
03/01/2052
 
17,249,655
16,029,884
2.00%, 05/01/2051 to
01/01/2052
 
22,126,113
18,046,911
ARM,
5.65% (1 yr. U.S. Treasury Yield
Curve Rate + 2.16%),
11/01/2048(e)
 
2,874,303
2,956,434
 
 
155,425,929
 
Principal
Amount
Value
Federal National Mortgage Association (FNMA)–42.94%
6.50%, 01/01/2027 to
11/01/2038
 
$926,580
$961,980
7.50%, 02/01/2027 to
08/01/2037
 
738,394
761,364
5.00%, 06/01/2027 to
01/01/2053
 
7,245,417
7,274,883
5.50%, 12/01/2027 to
04/01/2038
 
1,846,866
1,899,477
6.00%, 05/01/2028 to
10/01/2053
 
9,221,063
9,555,047
3.00%, 02/01/2029 to
01/01/2052
 
40,156,812
36,699,101
7.00%, 04/01/2029 to
01/01/2036
 
621,908
649,628
5.63%, 08/01/2032
 
34,368
34,382
8.50%, 10/01/2032
 
73,561
76,863
8.00%, 04/01/2033
 
71,820
75,472
3.50%, 11/01/2034 to
05/01/2050
 
32,202,885
30,558,935
2.00%, 09/01/2035 to
03/01/2052
 
70,278,491
59,115,218
5.45%, 01/01/2038
 
211,774
215,127
4.50%, 01/01/2040 to
07/01/2044
 
2,801,322
2,805,677
4.00%, 02/01/2042 to
03/01/2050
 
27,864,561
26,875,013
2.50%, 10/01/2050 to
02/01/2052
 
47,219,436
40,317,518
ARM,
6.43% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks +
1.58%), 04/01/2045(e)
 
2,115,232
2,189,557
 
 
220,065,242
Government National Mortgage Association (GNMA)–23.73%
3.00%, 12/16/2025 to
06/20/2052
 
3,500,728
3,116,510
7.00%, 12/15/2027 to
01/20/2030
 
64,079
64,833
6.50%, 03/15/2028 to
10/15/2028
 
5,826
5,912
6.00%, 06/15/2028 to
04/20/2029
 
25,804
26,467
7.50%, 06/15/2028 to
08/15/2028
 
27,934
28,117
5.50%, 05/15/2033 to
10/15/2034
 
166,108
169,397
6.91%, 11/20/2033(a)
 
282,336
291,762
5.00%, 11/20/2037
 
196,637
196,389
5.88%, 01/20/2039(a)
 
467,761
484,394
4.53%, 07/20/2041(a)
 
610,339
613,418
5.13%, 09/20/2041
 
381,613
387,942
4.84% (1 mo. Term SOFR +
0.56%), 07/20/2044(e)
 
301,150
305,235
3.50%, 05/20/2046 to
06/20/2050
 
8,809,392
8,106,992
4.00%, 02/20/2048 to
03/20/2050
 
3,000,886
2,828,985
2.50%, 04/20/2051
 
1,571,560
1,327,975
IO,
2.39% (6.65% - (1 mo. Term
SOFR + 0.11%)),
04/16/2041(b)(e)
 
593,203
40,449
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
 
Principal
Amount
Value
Government National Mortgage Association (GNMA)–
(continued)
4.50%, 09/16/2047(b)
 
$526,843
$95,896
1.94% (6.20% - (1 mo. Term
SOFR + 0.11%)),
10/16/2047(b)(e)
 
525,413
67,942
TBA,
2.00%, 10/01/2055(f)
 
23,444,000
19,384,861
2.50%, 10/01/2055(f)
 
20,125,000
17,329,428
3.00%, 10/01/2055(f)
 
14,198,813
12,677,959
4.50%, 10/01/2055(f)
 
4,300,000
4,170,631
5.00%, 10/01/2055(f)
 
16,067,000
15,984,312
5.50%, 10/01/2055(f)
 
13,685,000
13,788,986
6.00%, 10/01/2055(f)
 
9,322,000
9,482,057
6.50%, 10/01/2055(f)
 
4,845,000
4,976,675
Series 2020-137, Class A,
1.50%, 04/16/2062
 
7,481,620
5,646,387
 
 
121,599,911
Total U.S. Government Sponsored Agency
Mortgage-Backed Securities
(Cost $608,481,767)
558,156,710
Certificates of Deposit–6.05%
Diversified Banks–6.05%
Bank of Nova Scotia (Canada),
4.55% (SOFR + 0.35%),
10/17/2025(e)
 
2,000,000
2,000,227
4.53% (SOFR + 0.33%),
07/22/2026(e)
 
3,000,000
3,001,014
Credit Agricole Corporate and
Investment Bank (France), 4.54%
(SOFR + 0.34%), 08/28/2026(e)
 
6,000,000
6,003,570
Mitsubishi UFJ Trust & Banking Corp.
(Japan), 4.54% (SOFR + 0.34%),
01/30/2026(e)
 
10,000,000
10,006,006
Mizuho Bank Ltd. (Japan), 4.53%
(SOFR + 0.33%), 02/19/2026(e)
 
3,000,000
3,001,944
Standard Chartered Bank (United
Kingdom), 4.53% (SOFR +
0.33%), 07/24/2026(e)
 
7,000,000
7,005,617
Total Certificates of Deposit (Cost $31,000,113)
31,018,378
 
Asset-Backed Securities–4.93%
Adjustable Rate Mortgage Trust,
Series 2005-7, Class 2A21,
0.77%, 10/25/2035(a)
 
125,288
110,905
Agate Bay Mortgage Trust,
Series 2015-2, Class B1, 3.62%,
03/25/2045(a)(g)
 
885,808
830,297
Banc of America Funding Trust,
Series 2006-A, Class 1A1,
5.49%, 02/20/2036(a)
 
130,492
124,857
Bank, Series 2017-BNK5, Class AS,
3.62%, 06/15/2060
 
3,200,000
3,122,159
Bear Stearns Adjustable Rate
Mortgage Trust, Series 2005-1,
Class 2A1, 2.16%,
03/25/2035(a)
 
502,640
462,534
Benchmark Mortgage Trust,
Series 2018-B1, Class XA, IO,
0.67%, 01/15/2051(d)
 
11,191,682
105,839
CD Mortgage Trust, Series 2017-
CD6, Class XA, IO, 1.06%,
11/13/2050(d)
 
5,745,776
73,609
 
Principal
Amount
Value
 
Chase Mortgage Finance Corp.,
Series 2016-2, Class M4, 3.75%,
12/25/2045(a)(g)
 
$1,138,544
$1,055,838
Series 2016-SH1, Class M3,
3.75%, 04/25/2045(a)(g)
 
818,095
760,910
Chase Mortgage Finance Trust,
Series 2005-A1, Class 3A1,
3.93%, 12/25/2035(a)
 
9,776
8,520
Series 2007-A2, Class 2A1,
6.15%, 06/25/2035(a)
 
135,618
135,092
Series 2007-A2, Class 2A4,
6.15%, 06/25/2035(a)
 
125,282
124,235
Citigroup Commercial Mortgage Trust,
Series 2017-C4, Class XA, IO,
1.12%, 10/12/2050(d)
 
15,326,945
247,841
Citigroup Mortgage Loan Trust,
Series 2004-UST1, Class A4,
6.53%, 08/25/2034(a)
 
20,826
19,694
Series 2005-11, Class A2A,
6.48% (1 yr. U.S. Treasury Yield
Curve Rate + 2.40%),
10/25/2035(e)
 
328,964
343,382
Series 2006-AR2, Class 1A2,
2.56%, 03/25/2036(a)
 
5,526
5,423
Commonbond Student Loan Trust,
Series 2018-CGS, Class A1,
3.87%, 02/25/2046(g)
 
464,145
451,252
Countrywide Home Loans Mortgage
Pass-Through Trust,
Series 2004-29, Class 1A1,
4.81% (1 mo. Term SOFR +
0.65%), 02/25/2035(e)
 
67,298
65,155
Credit Suisse Mortgage Capital Trust,
Series 2013-7, Class B1, 3.55%,
08/25/2043(a)(g)
 
729,243
712,647
Credit Suisse Mortgage Loan Trust,
Series 2015-1, Class A9, 3.50%,
05/25/2045(a)(g)
 
254,710
235,987
CSFB Mortgage-Backed Pass-Through
Ctfs., Series 2004-AR5,
Class 5A1, 5.91%,
06/25/2034(a)
 
136,783
134,867
Deutsche Mortgage Securities, Inc.
Re-REMIC Trust Ctfs.,
Series 2007-WM1, Class A1,
4.50%, 06/27/2037(a)(g)
 
1,130,904
1,007,418
Galton Funding Mortgage Trust,
Series 2018-1, Class A33,
3.50%, 11/25/2057(a)(g)
 
197,850
180,680
GS Mortgage-Backed Securities Trust,
Series 2025-HE1, Class A1,
5.91% (30 Day Average SOFR +
1.55%), 10/25/2055(e)(g)
 
1,855,189
1,861,805
GSAA Home Equity Trust,
Series 2007-7, Class A4, 4.81%
(1 mo. Term SOFR + 0.65%),
07/25/2037(e)
 
7,939
7,702
GSR Mortgage Loan Trust,
Series 2004-12, Class 3A6,
1.46%, 12/25/2034(a)
 
141,512
133,574
Series 2005-AR4, Class 6A1,
5.01%, 07/25/2035(a)
 
39,921
38,096
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
 
Principal
Amount
Value
 
JP Morgan Mortgage Trust,
Series 2005-A1, Class 3A1,
5.54%, 02/25/2035(a)
 
$175,221
$168,681
Series 2014-1, Class 1A17,
0.79%, 01/25/2044(a)(g)
 
499,918
477,832
Series 2017-5, Class A1, 4.97%,
10/26/2048(a)(g)
 
89,799
90,808
Series 2019-INV2, Class A15,
3.50%, 02/25/2050(a)(g)
 
105,850
96,028
JP Morgan Trust, Series 2015-3,
Class A3, 3.50%,
05/25/2045(a)(g)
 
464,776
433,515
Luminent Mortgage Trust,
Series 2006-1, Class A1, 4.99%
(1 mo. Term SOFR + 0.83%),
04/25/2036(e)
 
23,548
20,788
MASTR Adjustable Rate Mortgages
Trust, Series 2004-13,
Class 2A2, 6.59%,
04/21/2034(a)
 
68,578
68,283
Merrill Lynch Mortgage Investors Trust,
Series 2005-3, Class 3A, 2.39%,
11/25/2035(a)
 
83,961
79,819
Series 2005-A, Class A1, 4.73%
(1 mo. Term SOFR + 0.57%),
03/25/2030(e)
 
166,594
160,369
Morgan Stanley Capital I Trust,
Series 2017-HR2, Class XA, IO,
0.99%, 12/15/2050(d)
 
5,306,402
81,166
Residential Accredit Loans, Inc. Trust,
Series 2006-QS13, Class 1A8,
6.00%, 09/25/2036
 
22,269
17,880
Sapphire Aviation Finance II Ltd.,
Series 2020-1A, Class B, 4.34%,
03/15/2040(g)
 
3,020,740
2,777,000
Shellpoint Asset Funding Trust,
Series 2013-1, Class A3, 3.75%,
07/25/2043(a)(g)
 
285,921
274,986
Structured Adjustable Rate Mortgage
Loan Trust,
Series 2004-13, Class A2, 4.57%
(1 mo. Term SOFR + 0.41%),
09/25/2034(e)
 
179,012
166,708
Series 2004-20, Class 3A1,
3.93%, 01/25/2035(a)
 
17,941
17,802
Structured Asset Sec Mortgage
Pass-Through Ctfs.,
Series 2002-21A, Class B1II,
6.56%, 11/25/2032(a)
 
1
1
UBS Commercial Mortgage Trust,
Series 2017-C5, Class XA, IO,
1.24%, 11/15/2050(d)
 
7,502,883
120,825
Vendee Mortgage Trust,
Series 1999-3, Class IO, 0.00%,
10/15/2029(a)(c)
 
1,791,934
18
Series 2001-3, Class IO, 0.00%,
10/15/2031(a)(c)
 
1,165,661
12
Series 2002-2, Class IO, 0.00%,
01/15/2032(a)(c)
 
3,376,865
323
Series 2002-3, Class IO, 0.12%,
08/15/2032(a)
 
3,588,705
6,322
Series 2003-1, Class IO, 0.01%,
11/15/2032(a)
 
6,239,376
478
Verus Securitization Trust,
Series 2023-INV3, Class A3,
7.73%, 11/25/2068(a)(g)
 
4,905,479
5,005,997
 
Principal
Amount
Value
 
WaMu Mortgage Pass-Through Ctfs. Trust,
Series 2003-AR10, Class A7,
6.20%, 10/25/2033(a)
 
$82,949
$80,194
Series 2007-HY2, Class 2A1,
4.61%, 11/25/2036(a)
 
25,410
22,364
Wells Fargo Commercial Mortgage
Trust, Series 2017-C42, Class XA,
IO, 0.98%, 12/15/2050(d)
 
8,159,357
129,908
Zaxby’s Funding LLC, Series 2021-
1A, Class A2, 3.24%,
07/30/2051(g)
 
2,784,000
2,629,738
Total Asset-Backed Securities (Cost $27,630,696)
25,288,163
Commercial Paper–3.12%(h)
Diversified Banks–2.15%
Australia & New Zealand Banking
Group Ltd. (Australia), 4.50%,
09/25/2026(g)
 
6,000,000
6,000,896
ING US Funding LLC (Netherlands),
4.56%, 10/24/2025(g)
 
5,000,000
5,000,954
 
 
11,001,850
Diversified Financial Services–0.97%
BofA Securities, Inc., 4.62%,
08/06/2026
 
5,000,000
5,002,497
Total Commercial Paper (Cost $16,000,000)
16,004,347
 
Agency Credit Risk Transfer Notes–2.67%
Fannie Mae Connecticut Avenue
Securities, Series 2023-R02,
Class 1M2, 7.71% (30 Day
Average SOFR + 3.35%),
01/25/2043(e)(g)
 
5,550,000
5,799,159
Freddie Mac,
Series 2022-DNA4, Class M1,
STACR®, 7.71% (30 Day Average
SOFR + 3.35%), 05/25/2042(e)(g)
 
4,615,000
4,792,363
Series 2022-HQA3, Class M1,
STACR®, 6.66% (30 Day Average
SOFR + 2.30%), 08/25/2042(e)(g)
 
3,033,564
3,079,928
Total Agency Credit Risk Transfer Notes
(Cost $13,319,957)
13,671,450
U.S. Treasury Securities–0.27%
U.S. Treasury Bills–0.27%
3.63% - 4.12%, 05/14/2026
(Cost $1,384,773)(h)(i)
 
1,419,000
1,386,957
 

Shares
 
Money Market Funds–0.65%
Invesco Government & Agency Portfolio,
Institutional Class, 4.05%(j)(k)
(Cost $3,312,874)
3,312,874
3,312,874
TOTAL INVESTMENTS IN SECURITIES–126.61%
(Cost $701,130,180)
648,838,879
OTHER ASSETS LESS LIABILITIES—(26.61)%
(136,384,211
)
NET ASSETS–100.00%
$512,454,668
 
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
 
Securities Sold Short
 
 
Principal
Amount
Value
U.S. Government Sponsored Agency Mortgage-Backed
Securities Short–(3.27)%
Collateralized Mortgage Obligations–(3.27)%
TBA, 2.00%, 10/01/2055(f),
(Total Proceeds $(5,223,436))
$(6,400,000
)
$(5,159,892
)
TBA, 2.50%, 10/01/2055(f),
(Total Proceeds $(8,845,224))
(10,491,000
)
(8,840,263
)
TBA, 3.50%, 10/01/2055(f),
(Total Proceeds $(2,746,875))
(3,000,000
)
(2,741,267
)
Investment Abbreviations: 
ARM
– Adjustable Rate Mortgage
Ctfs.
– Certificates
IBOR
– Interbank Offered Rate
IO
– Interest Only
MTA
– Moving Treasury Average
PO
– Principal Only
REMICs
– Real Estate Mortgage Investment Conduits
SOFR
– Secured Overnight Financing Rate
STACR®
– Structured Agency Credit Risk
STRIPS
– Separately Traded Registered Interest and Principal Security
TBA
– To Be Announced
USD
– U.S. Dollar
Notes to Schedule of Investments: 
(a)
Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is
the rate in effect on September 30, 2025.
(b)
Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security.
(c)
Zero coupon bond issued at a discount.
(d)
Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security. Interest rate is redetermined
periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on
September 30, 2025.
(e)
Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on September 30, 2025.
(f)
Security purchased on a forward commitment basis. This security is subject to dollar roll transactions.
(g)
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
September 30, 2025 was $43,556,038, which represented 8.50% of the Fund’s Net Assets.
(h)
Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund.
(i)
All or a portion of the value was pledged as collateral to cover margin requirements for open futures contracts.
(j)
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 September 30, 2025.
 
 
Value
December 31, 2024
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
Realized
Gain
Value
September 30, 2025
Dividend Income
Investments in Affiliated Money Market
Funds:
Invesco Government & Agency Portfolio,
Institutional Class
$5,675,101
$110,191,286
$(112,553,513)
$-
$-
$3,312,874
$155,158
 
(k)
The rate shown is the 7-day SEC standardized yield as of September 30, 2025.
 
Open Futures Contracts
Long Futures Contracts
Number of
Contracts
Expiration
Month
Notional
Value
Value
Unrealized
Appreciation
(Depreciation)
Interest Rate Risk
U.S. Treasury 2 Year Notes
83
December-2025
$17,297,070
$27,883
$27,883
U.S. Treasury 10 Year Notes
36
December-2025
4,050,000
(37,254
)
(37,254
)
Subtotal—Long Futures Contracts
(9,371
)
(9,371
)
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
Open Futures Contracts—(continued)
Short Futures Contracts
Number of
Contracts
Expiration
Month
Notional
Value
Value
Unrealized
Appreciation
(Depreciation)
Interest Rate Risk
U.S. Treasury 5 Year Notes
25
December-2025
$(2,729,883
)
$5,335
$5,335
U.S. Treasury 10 Year Ultra Notes
37
December-2025
(4,257,890
)
(6,274
)
(6,274
)
U.S. Treasury Long Bonds
11
December-2025
(1,282,531
)
7,921
7,921
U.S. Treasury Ultra Bonds
34
December-2025
(4,082,125
)
(62,270
)
(62,270
)
Subtotal—Short Futures Contracts
(55,288
)
(55,288
)
Total Futures Contracts
$(64,659
)
$(64,659
)
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 Quality Income Fund
Notes to Quarterly Schedule of Portfolio Holdings
September 30, 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 September 30, 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
U.S. Government Sponsored Agency Mortgage-Backed Securities
$—
$558,156,710
$—
$558,156,710
Certificates of Deposit
—
31,018,378
—
31,018,378
Asset-Backed Securities
—
25,288,163
—
25,288,163
Commercial Paper
—
16,004,347
—
16,004,347
Agency Credit Risk Transfer Notes
—
13,671,450
—
13,671,450
U.S. Treasury Securities
—
1,386,957
—
1,386,957
Money Market Funds
3,312,874
—
—
3,312,874
Total Investments in Securities
3,312,874
645,526,005
—
648,838,879
Other Investments - Assets
Futures Contracts
41,139
—
—
41,139
Other Investments - Liabilities*
Securities Sold Short
—
(16,741,422
)
—
(16,741,422
)
Futures Contracts
(105,798
)
—
—
(105,798
)
 
(105,798
)
(16,741,422
)
—
(16,847,220
)
Total Other Investments
(64,659
)
(16,741,422
)
—
(16,806,081
)
Total Investments
$3,248,215
$628,784,583
$—
$632,032,798
 
*
Futures contracts are valued at unrealized appreciation (depreciation). Securities sold short are shown at value.
Invesco Quality Income Fund