NPORT-EX 2 edgar.htm
Schedule of Investments
March 31, 2020
(Unaudited)
Invesco Oppenheimer Portfolio Series: Growth Investor Fund
Schedule of Investments in Affiliated Issuers–99.99%(a)
  % of
Net
Assets
03/31/20 		Value
12/31/19 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain (Loss) 		Dividend
Income 		Shares
03/31/20 		Value
03/31/20
Alternative Funds–6.12%
Invesco Oppenheimer Fundamental Alternatives Fund, Class R6 2.45% $16,670,686 $— $— $(946,582) $— $— 602,918 $15,724,104
Invesco Oppenheimer Master Event-Linked Bond Fund, Class R6 2.63% 17,036,668 182,209 — (305,619) — 258,996 1,073,435 16,913,258
Invesco Oppenheimer SteelPath MLP Select 40 Fund, Class R6 1.04% 16,343,205 410,654 — (10,060,863) — 410,626 2,373,403 6,692,996
Total Alternative Funds   50,050,559 592,863 — (11,313,064) — 669,622   39,330,358
Domestic Equity Funds–34.40%
Invesco Oppenheimer Discovery Mid Cap Growth Fund, Class R6 3.09% 25,358,918 — (1,579,213) (4,020,345) 86,546 — 909,945 19,845,906
Invesco Oppenheimer Main Street Small Cap Fund, Class R6 4.54% 43,772,364 — (1,768,924) (12,863,552) 80,837 — 2,656,430 29,220,725
Invesco Oppenheimer Value Fund, Class R6 12.55% 123,482,379 387,197 (1,622,376) (41,562,667) 23,826 387,197 4,141,014 80,708,359
Invesco Russell 1000 Dynamic Multifactor ETF 14.22% 122,891,253 — (4,078,064) (27,126,923) (295,309) 366,618 3,512,335 91,390,957
Total Domestic Equity Funds   315,504,914 387,197 (9,048,577) (85,573,487) (104,100) 753,815   221,165,947
Fixed Income Funds–2.15%
Invesco Oppenheimer Master Loan Fund, Class R6 2.15% 16,461,794 142,802 — (2,780,973) — 225,284 965,957 13,823,623
Foreign Equity Funds–54.60%
Invesco Oppenheimer Developing Markets Fund, Class R6 7.88% 70,442,713 — (4,303,748) (15,113,623) (401,123) — 1,438,597 50,624,219
Invesco Oppenheimer Emerging Markets Innovators Fund, Class R6(b) 4.77% 44,889,665 — (2,239,769) (12,317,959) 348,857 — 3,769,139 30,680,794
Invesco Oppenheimer Global Fund, Class R6 15.93% 139,599,639 — (8,038,295) (28,869,434) (305,707) — 1,358,628 102,386,203
Invesco Oppenheimer Global Infrastructure Fund, Class R6 2.01% 17,204,747 — — (4,315,620) — — 1,443,351 12,889,127
Invesco Oppenheimer International Equity Fund, Class R6 8.30% 70,432,516 — (2,834,271) (14,556,518) 336,150 — 3,103,365 53,377,877
Invesco Oppenheimer International Growth Fund, Class R6 8.38% 70,363,694 — (3,048,663) (14,486,694) 1,055,266 — 1,520,418 53,883,603
Invesco Oppenheimer International Small-Mid Company Fund, Class R6 7.33% 60,024,874 — — (12,874,078) — — 1,252,345 47,150,796
Total Foreign Equity Funds   472,957,848 — (20,464,746) (102,533,926) 1,033,443 —   350,992,619
Real Estate Funds–1.96%
Invesco Oppenheimer Real Estate Fund, Class Y 1.96% 16,746,972 — — (4,115,360) — — 620,718 12,631,612
Money Market Funds–0.76%
Invesco Government & Agency Portfolio, Institutional Class, 0.43%(c) 0.76% 1,895,144 16,675,923 (13,706,995) — — 2,224 4,864,072 4,864,072
TOTAL INVESTMENTS IN Affiliated Issuers (Cost $631,587,244)  99.99% $873,617,231 $17,798,785 $(43,220,318) $(206,316,810) $929,343 $1,650,945   $642,808,231
OTHER ASSETS LESS LIABILITIES 0.01%               77,676
NET ASSETS 100.00%               $642,885,907
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) Non-income producing security. A security is determined to be non-income producing if the security has not declared a distribution in more than one year from March 31, 2020.
(c) The rate shown is the 7-day SEC standardized yield as of March 31, 2020.
    
See accompanying notes which are an integral part of this schedule.
Invesco Oppenheimer Portfolio Series: Growth Investor Fund
Open Futures Contracts
Long Futures Contracts Number of
Contracts 		Expiration
Month 		Notional
Value 		Value Unrealized
Appreciation
(Depreciation)
Equity Risk
E-Mini S&P 500 Index 27 June-2020 $3,469,095 $224,369 $224,369
EURO STOXX 600 Index 28 June-2020 487,768 48,792 48,792
MSCI Emerging Market 6 June-2020 252,870 10,179 10,179
Nikkei 225 Index 1 June-2020 175,959 (2,446) (2,446)
S&P/TSX 60 Index 1 June-2020 115,711 11,196 11,196
SPI 200 Index 1 June-2020 78,564 309 309
Total Futures Contracts $292,399 $292,399
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 Oppenheimer Portfolio Series: Growth Investor Fund
Notes to Quarterly Schedule of Portfolio Holdings
March 31, 2020
(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 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 Fund’s own 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 March 31, 2020. 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 and Unaffiliated Issuers $642,808,231 $— $— $642,808,231
Other Investments - Assets*        
Futures Contracts 294,845 — — 294,845
Other Investments - Liabilities*        
Futures Contracts (2,446) — — (2,446)
Total Other Investments 292,399 — — 292,399
Total Investments $643,100,630 $— $— $643,100,630
    
* Unrealized appreciation (depreciation).
NOTE 2—Significant Event
During the first quarter of 2020, the World Health Organization declared the coronavirus (COVID-19) to be a public health emergency. COVID-19 has led to increased short-term market volatility and may have adverse long-term effects on U.S. and world economies and markets in general. COVID-19 may adversely impact the Fund’s ability to achieve its investment objective, as stated in the most recent shareholder report. Because of the uncertainties on valuation, the global economy and business operations, values reflected in the Schedule of Investments may materially differ from the value received upon actual sales of those investments.
The Coronavirus Aid, Relief, and Economic Security Act, commonly referred to as the “CARES Act,” was signed into law on March 27, 2020 by President Trump. The Adviser is assessing the components of the Act, and the impacts to the Fund should be immaterial.
Invesco Oppenheimer Portfolio Series: Growth Investor Fund