NPORT-EX 2 edgar.htm
Schedule of Investments
March 31, 2020
(Unaudited)
Invesco Income Allocation Fund
Schedule of Investments in Affiliated Issuers–99.49%(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
Domestic Equity Funds–16.84%
Invesco Dividend Income Fund, Class R6 8.52% $50,186,524 $6,187,524 $(3,349,213) $(9,754,766) $(728,958) $335,534 2,285,927 $42,541,111
Invesco S&P 500® Enhanced Value ETF 5.83% 35,532,260 11,227,175 (2,523,788) (14,104,178) (1,017,606) 311,497 1,229,990 29,113,863
Invesco S&P 500® High Dividend Low Volatility ETF (b) 2.49% 14,766,077 3,600,652 (1,111,084) (4,484,941) (360,159) 172,555 413,547 12,410,545
Invesco S&P High Income Infrastructure ETF — 23,639,691 125,174 (23,916,420) (1,781,592) 1,933,147 — — —
Total Domestic Equity Funds   124,124,552 21,140,525 (30,900,505) (30,125,477) (173,576) 819,586   84,065,519
Exchange-Traded Funds–1.17%
Alerian MLP ETF (b),(c) 1.17% — 10,304,841 (135,657) (4,145,466) (198,243) 171,248 1,693,452 5,825,475
Fixed Income Funds–68.03%
Invesco Core Plus Bond Fund, Class R6 14.51% 85,058,522 3,835,991 (14,435,675) (1,884,550) (143,835) 237,782 6,769,201 72,430,453
Invesco Corporate Bond Fund, Class R6 3.71% 21,989,612 200,885 (2,205,807) (1,387,884) (83,718) 198,893 2,611,155 18,513,088
Invesco Emerging Markets Sovereign Debt ETF (b) 3.41% 20,669,380 1,333,231 (963,657) (3,734,018) (299,379) 259,532 711,232 17,005,557
Invesco Floating Rate Fund, Class R6 8.68% 51,842,393 2,626,656 (4,352,617) (5,985,677) (810,481) 658,545 6,800,671 43,320,274
Invesco High Yield Fund, Class R6 6.80% 39,702,748 2,479,155 (1,120,519) (6,794,024) (304,235) 617,005 10,048,262 33,963,125
Invesco Multi-Asset Income Fund, Class R6 9.97% 58,764,283 7,355,892 (3,873,299) (11,281,063) (1,205,975) 814,987 5,806,282 49,759,838
Invesco Quality Income Fund, Class R5 11.68% 69,045,392 4,979,618 (15,361,158) 650,464 (975,780) 686,756 4,977,691 58,338,536
Invesco Taxable Municipal Bond ETF (b) 3.39% 20,514,971 796,515 (4,026,292) (416,579) 54,728 172,215 547,681 16,923,343
Invesco Variable Rate Preferred ETF 5.88% 35,182,113 3,298,193 (3,208,158) (5,153,693) (732,955) 384,404 1,369,315 29,385,500
Total Fixed Income Funds   402,769,414 26,906,136 (49,547,182) (35,987,024) (4,501,630) 4,030,119   339,639,714
Foreign Equity Funds–8.34%
Invesco S&P International Developed Low Volatility ETF 5.56% 32,202,183 5,855,671 (2,781,009) (6,541,064) (964,629) 251,707 1,056,339 27,771,152
iShares Global Infrastructure ETF (c) 2.78% — 20,029,201 (1,108,741) (4,486,256) (590,989) — 405,365 13,843,215
Total Foreign Equity Funds   32,202,183 25,884,872 (3,889,750) (11,027,320) (1,555,618) 251,707   41,614,367
Real Estate Funds–4.99%
Invesco Global Real Estate Income Fund, Class R6 4.99% 29,531,636 4,218,295 (2,207,280) (6,072,600) (539,079) 247,723 3,541,331 24,930,972
Money Market Funds–0.12%
Invesco Treasury Portfolio, Institutional Class, 0.30%(d) — 2,235,422 26,235,173 (28,470,595) — — 5,166 — —
Invesco Government & Agency Portfolio, Institutional Class, 0.43%(d) — 1,955,994 22,955,776 (24,911,770) — — 4,572 — —
Invesco Liquid Assets Portfolio, Institutional Class, 1.07%(d) 0.12% 1,222,970 17,316,759 (17,920,417) 136 (3,967) 3,702 615,727 615,481
Total Money Market Funds                 615,481
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan)
(Cost $550,483,315) 		99.49% $594,042,171 $154,962,377 $(157,983,156) $(87,357,751) $(6,972,113) $5,533,823 $50,883,168 $496,691,528
See accompanying notes which are an integral part of this schedule.
Invesco Income Allocation Fund
Invesco Income Allocation Fund (continued)
Schedule of Investments in Affiliated Issuers–99.49%(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
Investments Purchased with Cash Collateral from Securities on Loan                  
Money Market Funds–1.93%
Invesco Liquid Assets Portfolio, Institutional Class(d),(e) 0.39%             1,929,689 $1,928,917
Invesco Government & Agency Portfolio, Institutional Class(d),(e) 1.54%             7,701,514 7,701,514
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $9,630,234)                 9,630,431
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $560,113,549)  101.42%               $506,321,959
OTHER ASSETS LESS LIABILITIES (1.42)%               (7,073,260)
NET ASSETS 100.00%               $499,248,699
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 March 31, 2020.
(c) Not affiliated with Invesco Advisers, Inc.
(d) The rate shown is the 7-day SEC standardized yield as of March 31, 2020.
(e) 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 Allocation 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.
As of March 31, 2020, all of the securities in this Fund were valued based on Level 1 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 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 Income Allocation Fund