NPORT-EX 2 edgar.htm
Schedule of Investments
September 30, 2021
(Unaudited)
Invesco Select Risk: Conservative Investor Fund
Schedule of Investments in Affiliated Issuers–100.31%(a)
  % of
Net
Assets
09/30/21 		Value
12/31/20 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain (Loss) 		Dividend
Income 		Shares
09/30/21 		Value
09/30/21
Alternative Funds–5.08%
Invesco Fundamental Alternatives Fund, Class R6 — $13,986,535 $— $(14,154,114) $(16,558) $184,137 $— — $—
Invesco Global Real Estate Income Fund, Class R6 1.93% 10,227,659 899,280 (3,059,393) 693,525 414,275 160,735 980,272 9,175,346
Invesco Macro Allocation Strategy Fund, Class R6(b) 3.15% 14,661,433 4,255,606 (4,012,127) 57,056 68,730 — 1,644,497 15,030,698
Invesco Master Event-Linked Bond Fund, Class R6 — 3,960,574 101,705 (3,502,539) 1,018,436 (1,578,176) 97,279 — —
Total Alternative Funds   42,836,201 5,256,591 (24,728,173) 1,752,459 (911,034) 258,014   24,206,044
Domestic Equity Funds–10.80%
Invesco Discovery Mid Cap Growth Fund, Class R6 1.92% 10,845,900 806,896 (3,786,741) 692,047 600,999 — 228,008 9,159,101
Invesco Main Street Small Cap Fund, Class R6 1.49% — 9,066,741 (1,981,466) 3,878 137,021 2,878 326,772 7,110,552
Invesco Russell 1000 Dynamic Multifactor ETF 1.72% 18,608,499 208,330 (13,366,335) (2,444,655) 5,199,077 105,057 177,212 8,204,916
Invesco S&P 500® Low Volatility ETF 1.94% 11,341,029 — (3,009,886) 575,387 348,633 134,487 152,123 9,255,163
Invesco S&P 500® Pure Growth ETF 2.47% 19,781,494 300,259 (10,941,756) 335,304 2,264,890 653 60,969 11,740,191
Invesco S&P 500® Pure Value ETF 1.26% 18,173,537 374,767 (16,650,441) (1,553,207) 5,639,482 164,116 78,936 5,984,138
Total Domestic Equity Funds   78,750,459 10,756,993 (49,736,625) (2,391,246) 14,190,102 407,191   51,454,061
Fixed Income Funds–75.61%
Invesco 1-30 Laddered Treasury ETF 11.91% — 70,386,389 (15,338,575) 1,333,039 339,639 372,990 1,562,548 56,720,492
Invesco Core Plus Bond Fund, Class R6 17.34% 115,621,032 4,721,249 (35,834,737) (743,125) (1,144,469) 1,549,510 7,337,473 82,619,950
Invesco Fundamental High Yield® Corporate Bond ETF 6.44% 35,190,716 5,770,875 (10,375,922) (70,162) 167,538 902,919 1,575,105 30,683,045
Invesco Income Fund, Class R6(c) 3.76% 29,738,894 925,927 (13,329,093) (707,724) 1,313,649 581,184 2,248,735 17,922,416
Invesco International Bond Fund, Class R6 6.96% 77,383,125 5,739,413 (43,374,219) (9,605,398) 2,994,734 1,162,517 6,336,072 33,137,655
Invesco Master Loan Fund, Class R6 7.80% 46,707,873 1,419,084 (12,664,643) 2,883,795 (1,180,705) 1,378,314 2,304,917 37,165,404
Invesco Taxable Municipal Bond ETF 13.89% 74,498,238 10,193,760 (17,419,306) (821,779) (266,336) 1,454,887 2,011,078 66,184,577
Invesco Variable Rate Investment Grade ETF 7.51% 45,693,665 935,846 (11,086,469) 74,738 138,169 250,202 1,423,689 35,755,949
Total Fixed Income Funds   424,833,543 100,092,543 (159,422,964) (7,656,616) 2,362,219 7,652,523   360,189,488
Foreign Equity Funds–7.63%
Invesco Developing Markets Fund, Class R6 2.49% — 15,807,074 (3,396,787) (696,675) 122,534 — 228,762 11,836,146
Invesco Global Infrastructure Fund, Class R6 0.72% 4,152,129 49,635 (1,210,004) 263,539 170,312 49,635 281,249 3,425,611
Invesco International Select Equity Fund, Class R6(b) 2.48% 11,772,020 4,280,639 (2,575,944) (1,723,067) 79,481 — 877,828 11,833,129
Invesco S&P International Developed Low Volatility ETF 1.94% 11,519,699 151,526 (2,681,524) 42,638 231,276 236,498 302,436 9,263,615
Total Foreign Equity Funds   27,443,848 20,288,874 (9,864,259) (2,113,565) 603,603 286,133   36,358,501
Money Market Funds–1.19%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(d) 0.38% 1,233,888 41,956,215 (41,388,853) — — 186 1,801,250 1,801,250
Invesco Liquid Assets Portfolio, Institutional Class, 0.01%(d) 0.38% 1,651,899 29,968,725 (29,828,385) 126 39 168 1,791,688 1,792,404
Invesco Treasury Portfolio, Institutional Class, 0.01%(d) 0.43% 1,410,158 47,949,960 (47,301,546) — — 78 2,058,572 2,058,572
Total Money Market Funds   4,295,945 119,874,900 (118,518,784) 126 39 432   5,652,226
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $459,557,349)  100.31% $578,159,996 $256,269,901 $(362,270,805) $(10,408,842)(e) $16,244,929(e)(f) $8,604,293   $477,860,320
OTHER ASSETS LESS LIABILITIES (0.31)%               (1,471,806)
NET ASSETS 100.00%               $476,388,514
Investment Abbreviations:
ETF - Exchange-Traded Fund
See accompanying notes which are an integral part of this schedule.
Invesco Select Risk: Conservative Investor 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 September 30, 2021.
(c) Amounts include a return of capital distribution reclassification which reduces dividend income and increases realized gain (loss) and/or change in unrealized appreciation (depreciation).
(d) The rate shown is the 7-day SEC standardized yield as of September 30, 2021.
(e) Amounts exclude return of capital received from previously held underlying funds due to the timing of the determination of the character of dividends received.
(f) Includes capital gains distributions from affiliated underlying funds as follows:
    
Fund Name Capital Gain
Invesco Main Street Small Cap Fund $115,622
    
Open Futures Contracts(a)
Long Futures Contracts Number of
Contracts 		Expiration
Month 		Notional
Value 		Value Unrealized
Appreciation
(Depreciation)
Equity Risk
E-Mini S&P 500 Index 5 December-2021 $1,074,438 $(40,348) $(40,348)
Interest Rate Risk
Canada 10 Year Bonds 45 December-2021 5,085,860 (119,730) (119,730)
EURO-BTP 54 December-2021 9,504,608 (130,731) (130,731)
Euro Bund 32 December-2021 6,294,751 (98,599) (98,599)
EURO-OAT 59 December-2021 11,341,462 (191,359) (191,359)
Japan 10 year Bonds 29 December-2021 39,442,293 (122,467) (122,467)
Long Gilt 72 December-2021 12,141,154 (359,918) (359,918)
Subtotal (1,022,804) (1,022,804)
Total Futures Contracts $(1,063,152) $(1,063,152)
    
(a) Futures contracts collateralized by $2,063,184 cash held with Merrill Lynch International, the futures commission merchant.
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 Select Risk: Conservative Investor Fund
Notes to Quarterly Schedule of Portfolio Holdings
September 30, 2021
(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 September 30, 2021. 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 $472,208,094 $— $— $472,208,094
Money Market Funds 5,652,226 — — 5,652,226
Total Investments in Securities 477,860,320 — — 477,860,320
Other Investments - Liabilities*        
Futures Contracts (1,063,152) — — (1,063,152)
Total Investments $476,797,168 $— $— $476,797,168
    
* Unrealized appreciation (depreciation).
Invesco Select Risk: Conservative Investor Fund