NPORT-EX 2 edgar.htm EDGAR HTML
Schedule of Investments  
September 30, 2025
(Unaudited) 
Invesco Active Allocation Fund
Schedule of Investments in Affiliated Issuers–99.87%(a)
 
% of
Net
Assets
09/30/25
Value
12/31/24
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain (Loss)
Dividend
Income
Shares
09/30/25
Value
09/30/25
Alternative Funds–1.98%
Invesco Global Real Estate Income Fund,
Class R6
1.98
%
$45,278,775
$1,018,644
$(8,662,157
)
$2,334,531
$(844,519
)
$1,018,644
4,696,912
$39,125,274
Invesco Macro Allocation Strategy Fund,
Class R6
—
46,153,483
414,063
(46,995,150
)
7,973,637
(7,546,033
)
414,063
—
—
Total Alternative Funds
91,432,258
1,432,707
(55,657,307
)
10,308,168
(8,390,552
)
1,432,707
39,125,274
Domestic Equity Funds–56.40%
Invesco Discovery Mid Cap Growth Fund,
Class R6
6.53
%
109,714,684
19,216,370
(11,378,840
)
11,277,068
270,574
—
3,498,641
129,099,856
Invesco Main Street Small Cap Fund,
Class R6
6.20
%
110,878,231
13,589,453
(11,404,693
)
8,944,623
736,851
—
5,179,091
122,744,465
Invesco NASDAQ 100 ETF(b)
12.85
%
195,290,865
58,785,829
(44,890,843
)
39,923,787
5,207,979
959,272
1,029,126
254,317,617
Invesco Russell 1000® Dynamic
Multifactor ETF
13.88
%
265,360,134
32,673,855
(54,928,443
)
25,500,199
5,960,750
1,455,235
4,556,364
274,566,495
Invesco S&P 500 Revenue ETF
11.63
%
—
218,341,987
(7,430,676
)
19,039,223
135,066
2,253,466
2,079,212
230,085,600
Invesco S&P 500® Pure Value ETF
—
165,907,737
—
(171,107,896
)
(11,292,246
)
16,492,405
—
—
—
Invesco S&P 500® Top 50 ETF
—
—
40,512,262
(34,151,967
)
—
(6,360,295
)
72,096
—
—
Invesco Value Opportunities Fund,
Class R6
5.31
%
91,850,678
11,976,159
(13,950,021
)
14,115,958
1,018,169
—
4,215,614
105,010,943
Total Domestic Equity Funds
939,002,329
395,095,915
(349,243,379
)
107,508,612
23,461,499
4,740,069
1,115,824,976
Fixed Income Funds–18.42%
Invesco Core Bond Fund, Class R6
9.19
%
196,713,917
18,346,422
(37,159,880
)
4,047,606
(215,986
)
6,209,970
31,826,984
181,732,079
Invesco Core Plus Bond Fund, Class R6
4.92
%
94,717,141
9,423,521
(9,274,777
)
4,888,547
(2,484,796
)
3,365,955
10,414,308
97,269,636
Invesco Dynamic Credit Opportunity Fund,
Class R6
0.14
%
—
2,746,917
—
22,026
—
142,872
258,056
2,768,943
Invesco Emerging Markets Sovereign Debt
ETF
0.35
%
11,506,025
—
(4,956,537
)
700,811
(338,034
)
395,603
320,606
6,912,265
Invesco Equal Weight 0-30 Year Treasury
ETF
—
48,867,402
—
(48,884,121
)
7,451,144
(7,434,425
)
454,613
—
—
Invesco Floating Rate ESG Fund, Class R6
0.94
%
24,480,143
1,296,198
(6,695,964
)
(194,617
)
(374,130
)
1,296,143
2,821,895
18,511,630
Invesco High Yield Fund, Class R6
1.40
%
23,923,978
3,483,859
—
400,024
—
1,337,055
7,767,559
27,807,861
Invesco Variable Rate Investment Grade
ETF
1.48
%
41,952,925
—
(12,473,678
)
(11,244
)
(99,221
)
1,270,207
1,170,071
29,368,782
Total Fixed Income Funds
442,161,531
35,296,917
(119,444,957
)
17,304,297
(10,946,592
)
14,472,418
364,371,196
International and Global Equity Funds–22.59%
Invesco Emerging Markets ex-China Fund,
Class R6(c)
1.72
%
26,953,420
2,610,347
(1,360,444
)
5,721,939
48,188
—
877,640
33,973,450
Invesco Developing Markets Fund,
Class R6
0.65
%
22,274,183
—
(11,086,826
)
(4,747,482
)
6,419,734
—
275,425
12,859,609
Invesco Global Fund, Class R6
7.92
%
135,280,248
14,728,064
(11,414,789
)
17,604,327
488,223
—
1,462,579
156,686,073
Invesco Global Infrastructure Fund,
Class R6
—
19,345,651
2,109,009
(19,770,572
)
(2,214,341
)
2,587,293
51,969
—
—
Invesco International Developed Dynamic
Multifactor ETF(b)
3.11
%
52,046,073
5,040,119
(5,205,416
)
9,703,930
15,805
1,294,583
2,225,452
61,600,511
Invesco International Growth Fund,
Class R6(c)
1.40
%
22,400,524
1,820,327
—
3,567,423
—
—
770,399
27,788,274
Invesco International Small-Mid Company
Fund, Class R6
4.22
%
73,180,712
5,467,778
(8,168,233
)
13,707,145
(767,442
)
—
1,960,055
83,419,960
Invesco RAFI Developed Markets ex-U.S.
ETF(d)
3.57
%
61,610,150
8,059,382
(16,243,567
)
15,619,070
1,592,453
1,886,038
1,154,679
70,637,488
Total International and Global Equity
Funds
413,090,961
39,835,026
(73,249,847
)
58,962,011
10,384,254
3,232,590
446,965,365
See accompanying notes which are an integral part of this schedule.
Invesco Active Allocation Fund
Invesco Active Allocation Fund (continued)
Schedule of Investments in Affiliated Issuers–99.87%(a)
 
% of
Net
Assets
09/30/25
Value
12/31/24
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain (Loss)
Dividend
Income
Shares
09/30/25
Value
09/30/25
Money Market Funds–0.48%
Invesco Government & Agency Portfolio,
Institutional Class, 4.05%(e)
0.17
%
$2,201,254
$66,599,420
$(65,485,723
)
$—
$—
$103,691
3,314,951
$3,314,951
Invesco Treasury Portfolio, Institutional
Class, 3.99%(e)
0.31
%
4,087,929
123,684,637
(121,616,343
)
—
—
191,023
6,156,223
6,156,223
Total Money Market Funds
6,289,183
190,284,057
(187,102,066
)
—
—
294,714
9,471,174
TOTAL INVESTMENTS IN AFFILIATED
ISSUERS (excluding investments
purchased with cash collateral from
securities on loan)
(Cost $1,509,380,663)
99.87
%
1,891,976,262
661,944,622
(784,697,556
)
194,083,088
14,508,609
24,172,498
1,975,757,985
 
Investments Purchased with
Cash Collateral from
Securities on Loan
 
 
 
 
 
 
 
 
 
Money Market Funds–0.05%
Invesco Private Government Fund,
4.14%(e)(f)
0.01
%
2,899,632
308,920,031
(311,527,269
)
—
—
153,068
(g)
292,394
292,394
Invesco Private Prime Fund, 4.26%(e)(f)
0.04
%
7,484,757
598,202,373
(604,954,057
)
—
9,021
448,497
(g)
741,871
742,094
Total Investments Purchased with Cash
Collateral from Securities on Loan
(Cost $1,034,488)
0.05
%
10,384,389
907,122,404
(916,481,326
)
—
9,021
601,565
1,034,488
TOTAL INVESTMENTS IN AFFILIATED
ISSUERS (Cost $1,510,415,151) 
99.92
%
$1,902,360,651
$1,569,067,026
$(1,701,178,882
)
$194,083,088
$14,517,630
(h)
$24,774,063
$1,976,792,473
OTHER ASSETS LESS LIABILITIES
0.08
%
1,483,739
NET ASSETS
100.00
%
$1,978,276,212
Investment Abbreviations: 
ETF -
Exchange-Traded Fund
Notes to Schedule of Investments: 
(a)
Each underlying fund and the Fund are affiliated by either having the same investment adviser or an investment adviser under common control with the Fund’s
investment adviser.
(b)
All or a portion of this security was out on loan at September 30, 2025.
(c)
Effective August 22, 2025, the underlying fund’s name changed.
(d)
Effective March 24, 2025, the underlying fund’s name changed.
(e)
The rate shown is the 7-day SEC standardized yield as of September 30, 2025.
(f)
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.
(g)
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.
(h)
Includes capital gains distributions from affiliated underlying funds as follows:
 
Fund Name
Capital Gain
Invesco Global Infrastructure Fund
$2,057,040
 
Open Futures Contracts(a)
Long Futures Contracts
Number of
Contracts
Expiration
Month
Notional
Value
Value
Unrealized
Appreciation
(Depreciation)
Interest Rate Risk
U.S. Treasury 10 Year Notes
445
December-2025
$50,062,500
$145,272
$145,272
See accompanying notes which are an integral part of this schedule.
Invesco Active Allocation Fund
Open Futures Contracts(a)—(continued)
Short Futures Contracts
Number of
Contracts
Expiration
Month
Notional
Value
Value
Unrealized
Appreciation
(Depreciation)
Equity Risk
E-Mini S&P 500 Index
38
December-2025
$(12,803,625
)
$(171,570
)
$(171,570
)
MSCI Emerging Markets Index
30
December-2025
(2,039,550
)
(34,697
)
(34,697
)
Nikkei 225 Index
3
December-2025
(912,669
)
(28,334
)
(28,334
)
S&P/TSX 60 Index
2
December-2025
(509,535
)
(9,519
)
(9,519
)
SPI 200 Index
4
December-2025
(587,126
)
(439
)
(439
)
STOXX Europe 600 Index
96
December-2025
(3,153,031
)
(17,700
)
(17,700
)
Subtotal—Short Futures Contracts
(262,259
)
(262,259
)
Total Futures Contracts
$(116,987
)
$(116,987
)
 
(a)
Futures contracts collateralized by $2,116,861 cash held with Merrill Lynch International, the futures commission merchant.
 
Open Forward Foreign Currency Contracts
Settlement
Date
Counterparty
Contract to
Unrealized
Appreciation
(Depreciation)
Deliver
Receive
Currency Risk
 
 
 
01/21/2026
Barclays Bank PLC
CLP
240,300,000
USD
251,995
$2,125
01/21/2026
Barclays Bank PLC
PHP
313,540,000
USD
5,466,655
108,049
01/21/2026
BNP Paribas S.A.
CAD
5,195,000
USD
3,774,744
22,808
01/21/2026
BNP Paribas S.A.
NZD
8,885,000
USD
5,323,129
150,091
01/21/2026
Citibank, N.A.
HKD
700,000
USD
90,149
13
01/21/2026
Citibank, N.A.
KRW
3,622,700,000
USD
2,614,894
21,238
01/21/2026
Citibank, N.A.
PHP
270,000
USD
4,713
98
01/21/2026
Citibank, N.A.
USD
565,286
ZAR
9,935,000
5,304
12/02/2025
Deutsche Bank AG
USD
6,803,770
BRL
38,165,000
264,870
01/21/2026
Deutsche Bank AG
INR
301,990,000
USD
3,378,788
2,654
01/21/2026
Deutsche Bank AG
KRW
2,941,850,000
USD
2,130,803
24,598
01/21/2026
Deutsche Bank AG
TWD
12,825,000
USD
430,080
5,211
01/21/2026
Goldman Sachs International
SEK
45,730,000
USD
4,947,760
57,508
01/21/2026
Goldman Sachs International
USD
684,880
MXN
12,865,000
9,372
01/21/2026
J.P. Morgan Chase Bank, N.A.
GBP
7,684,000
USD
10,398,210
64,702
01/21/2026
J.P. Morgan Chase Bank, N.A.
JPY
562,730,000
USD
3,873,449
26,316
01/21/2026
J.P. Morgan Chase Bank, N.A.
THB
181,855,000
USD
5,784,505
122,373
01/21/2026
Merrill Lynch International
CNY
47,350,000
USD
6,710,089
10,768
01/21/2026
Morgan Stanley and Co. International PLC
CHF
3,385,000
USD
4,314,544
7,766
01/21/2026
UBS AG
PLN
19,764,000
USD
5,468,292
41,441
Subtotal—Appreciation
947,305
Currency Risk
 
 
 
01/21/2026
Barclays Bank PLC
USD
4,370,805
MYR
18,235,000
(22,893
)
01/21/2026
BNP Paribas S.A.
USD
53,900
DKK
340,000
(34
)
12/02/2025
Citibank, N.A.
BRL
7,300,000
USD
1,347,599
(4,453
)
01/21/2026
Citibank, N.A.
USD
5,722,734
COP
22,703,000,000
(19,888
)
01/21/2026
Citibank, N.A.
USD
9,801,803
EUR
8,295,000
(2,600
)
01/21/2026
Citibank, N.A.
USD
1,862,220
TWD
55,645,000
(18,799
)
01/21/2026
Deutsche Bank AG
USD
1,005,089
EUR
846,000
(5,676
)
01/21/2026
Deutsche Bank AG
USD
5,602,942
IDR
92,367,300,000
(85,017
)
01/21/2026
Deutsche Bank AG
USD
10,008,305
INR
890,565,000
(52,125
)
01/21/2026
Deutsche Bank AG
USD
12,841,485
JPY
1,874,630,000
(25,480
)
01/21/2026
Deutsche Bank AG
USD
5,512,080
SGD
6,995,000
(45,452
)
01/21/2026
J.P. Morgan Chase Bank, N.A.
HUF
6,610,000
USD
19,642
(124
)
See accompanying notes which are an integral part of this schedule.
Invesco Active Allocation Fund
Open Forward Foreign Currency Contracts—(continued)
Settlement
Date
Counterparty
Contract to
Unrealized
Appreciation
(Depreciation)
Deliver
Receive
01/21/2026
J.P. Morgan Chase Bank, N.A.
USD
7,037,831
GBP
5,190,000
$(58,275
)
01/21/2026
J.P. Morgan Chase Bank, N.A.
USD
2,210,855
HKD
17,160,000
(1,226
)
01/21/2026
J.P. Morgan Chase Bank, N.A.
USD
5,474,983
NOK
54,070,000
(56,388
)
01/21/2026
Merrill Lynch International
CZK
114,330,000
USD
5,522,975
(5,539
)
01/21/2026
Merrill Lynch International
USD
1,131,625
CNY
7,985,000
(1,866
)
01/21/2026
Morgan Stanley and Co. International PLC
USD
1,290,361
MYR
5,395,000
(3,990
)
01/21/2026
Standard Chartered Bank PLC
USD
5,522,366
PLN
20,070,000
(11,492
)
01/21/2026
UBS AG
USD
6,384,101
AUD
9,590,000
(31,197
)
Subtotal—Depreciation
(452,514
)
Total Forward Foreign Currency Contracts
$494,791
 
Open Centrally Cleared Credit Default Swap Agreements(a)
Reference Entity
Buy/Sell
Protection
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity Date
Implied
Credit
Spread(b)
Notional Value
Upfront
Payments Paid
(Received)
Value
Unrealized
Appreciation
(Depreciation)
Credit Risk
Markit CDX North America High Yield
Index, Series 42, Version 1
Sell
5.00%
Quarterly
06/20/2029
2.523%
USD
13,500,000
$699,789
$1,107,729
$407,940
Credit Risk
Markit CDX North America Investment
Grade Index, Series 42, Version 1
Buy
(1.00)
Quarterly
06/20/2029
0.369
USD
187,000,000
(3,162,436
)
(4,123,537
)
(961,101
)
Total Centrally Cleared Credit Default Swap Agreements
 
$(2,462,647
)
$(3,015,808
)
$(553,161
)
 
(a)
Centrally cleared swap agreements collateralized by $1,010,409 cash held with J.P. Morgan Chase Bank, N.A.
(b)
Implied credit spreads represent the current level, as of September 30, 2025, at which protection could be bought or sold given the terms of the existing credit
default swap agreement and serve as an indicator of the current status of the payment/performance risk of the credit default swap agreement. An implied credit
spread that has widened or increased since entry into the initial agreement may indicate a deteriorating credit profile and increased risk of default for the
reference entity. A declining or narrowing spread may indicate an improving credit profile or decreased risk of default for the reference entity. Alternatively, credit
spreads may increase or decrease reflecting the general tolerance for risk in the credit markets generally.
 
Abbreviations:
AUD
—Australian Dollar
BRL
—Brazilian Real
CAD
—Canadian Dollar
CHF
—Swiss Franc
CLP
—Chile Peso
CNY
—Chinese Yuan Renminbi
COP
—Colombia Peso
CZK
—Czech Koruna
DKK
—Danish Krone
EUR
—Euro
GBP
—British Pound Sterling
HKD
—Hong Kong Dollar
HUF
—Hungarian Forint
IDR
—Indonesian Rupiah
INR
—Indian Rupee
JPY
—Japanese Yen
KRW
—South Korean Won
MXN
—Mexican Peso
MYR
—Malaysian Ringgit
NOK
—Norwegian Krone
NZD
—New Zealand Dollar
PHP
—Philippines Peso
PLN
—Polish Zloty
SEK
—Swedish Krona
SGD
—Singapore Dollar
THB
—Thai Baht
TWD
—New Taiwan Dollar
USD
—U.S. Dollar
ZAR
—South African Rand
See accompanying notes which are an integral part of this schedule.
Invesco Active Allocation Fund
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 Active Allocation 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
Affiliated Issuers
$1,966,286,811
$—
$—
$1,966,286,811
Money Market Funds
9,471,174
1,034,488
—
10,505,662
Total Investments in Securities
1,975,757,985
1,034,488
—
1,976,792,473
Other Investments - Assets*
Futures Contracts
145,272
—
—
145,272
Forward Foreign Currency Contracts
—
947,305
—
947,305
Swap Agreements
—
407,940
—
407,940
 
145,272
1,355,245
—
1,500,517
Other Investments - Liabilities*
Futures Contracts
(262,259
)
—
—
(262,259
)
Forward Foreign Currency Contracts
—
(452,514
)
—
(452,514
)
Swap Agreements
—
(961,101
)
—
(961,101
)
 
(262,259
)
(1,413,615
)
—
(1,675,874
)
Total Other Investments
(116,987
)
(58,370
)
—
(175,357
)
Total Investments
$1,975,640,998
$976,118
$—
$1,976,617,116
 
*
Unrealized appreciation (depreciation).
Invesco Active Allocation Fund