NPORT-EX 2 edgar.htm
Schedule of Investments
March 31, 2022
(Unaudited)
Invesco Select Risk: Moderate Investor Fund
Schedule of Investments in Affiliated Issuers–99.99%(a)
  % of
Net
Assets
03/31/22 		Value
12/31/21 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain (Loss) 		Dividend
Income 		Shares
03/31/22 		Value
03/31/22
Alternative Funds–5.11%
Invesco Global Real Estate Income Fund, Class R6 1.85% $41,350,560 $214,521 $(1,998,890) $(1,943,007) $97,264 $214,520 3,937,416 $37,720,448
Invesco Macro Allocation Strategy Fund, Class R6 3.26% 72,960,020 — (2,288,953) (3,952,896) (295,621) — 8,271,800 66,422,550
Total Alternative Funds   114,310,580 214,521 (4,287,843) (5,895,903) (198,357) 214,520   104,142,998
Domestic Equity Funds–32.97%
Invesco Discovery Mid Cap Growth Fund, Class R6 7.60% 165,651,740 17,575,570 — (28,214,320) — — 5,102,468 155,012,990
Invesco Main Street Small Cap Fund, Class R6 4.96% 113,973,690 — (6,246,556) (6,436,823) (79,230) — 5,027,873 101,211,081
Invesco Russell 1000 Dynamic Multifactor ETF 5.18% 112,605,562 1,958,346 (2,112,978) (6,936,602) 83,416 267,633 2,218,440 105,597,744
Invesco S&P 500® Low Volatility ETF 5.13% 113,061,748 — (5,643,497) (3,717,885) 912,065 527,111 1,559,285 104,612,431
Invesco S&P 500® Pure Growth ETF(b) 4.17% 89,902,502 6,602,547 — (11,341,397) — — 463,400 85,163,652
Invesco S&P 500® Pure Value ETF 2.08% 46,639,395 — (6,924,757) 1,897,489 746,851 121,464 494,559 42,358,978
Invesco S&P SmallCap Low Volatility ETF 3.85% 85,097,662 — (1,424,116) (5,427,282) 404,034 332,824 1,604,126 78,650,298
Total Domestic Equity Funds   726,932,299 26,136,463 (22,351,904) (60,176,820) 2,067,136 1,249,032   672,607,174
Fixed Income Funds–35.27%
Invesco 1-30 Laddered Treasury ETF 5.55% 124,532,500 — (1,877,697) (9,447,159) (38,959) 406,692 3,352,153 113,168,685
Invesco Core Plus Bond Fund, Class R6 7.80% 177,694,157 1,031,535 (6,834,257) (12,025,012) (698,861) 1,031,644 15,543,707 159,167,562
Invesco Fundamental High Yield® Corporate Bond ETF 3.45% 78,056,942 — (3,594,727) (4,018,910) (165,398) 570,436 3,825,689 70,277,907
Invesco Income Fund, Class R6 1.97% 45,076,036 352,867 (3,683,464) (1,752,993) 104,076 352,867 5,296,766 40,096,522
Invesco International Bond Fund, Class R6 2.90% 66,866,532 479,888 (4,224,061) (4,033,018) (36,589) 479,888 12,354,133 59,052,752
Invesco Master Loan Fund, Class R6 3.54% 71,584,760 813,498 — (116,130) — 799,678 4,503,587 72,282,128
Invesco Taxable Municipal Bond ETF(b) 7.09% 164,825,511 — (3,840,630) (15,974,318) (304,009) 1,049,053 4,877,201 144,706,554
Invesco Variable Rate Investment Grade ETF 2.97% 67,087,850 — (6,128,859) (395,622) 70,504 103,399 2,432,165 60,633,873
Total Fixed Income Funds   795,724,288 2,677,788 (30,183,695) (47,763,162) (1,069,236) 4,793,657   719,385,983
Foreign Equity Funds–26.31%
Invesco EQV Emerging Markets All Cap Fund, Class R6 2.84% 71,782,953 — (4,057,760) (9,216,239) (611,546) — 1,779,816 57,897,408
Invesco Developing Markets Fund, Class R6 3.58% 89,028,299 — (2,346,219) (13,133,975) (547,817) — 1,842,046 73,000,288
Invesco Global Fund, Class R6 8.17% 179,829,393 15,968,265 — (29,220,544) — — 1,576,838 166,577,114
Invesco Global Infrastructure Fund, Class R6 1.08% 23,575,413 75,013 (1,932,460) 94,807 184,498 75,013 1,672,796 21,997,271
Invesco International Select Equity Fund, Class R6 2.82% 67,718,134 — — (10,224,635) — — 5,353,212 57,493,499
Invesco International Small-Mid Company Fund, Class R6 2.51% 56,955,320 4,187,047 — (9,848,548) — — 1,089,041 51,293,819
Invesco RAFI™ Strategic Developed ex-US ETF(b) 1.50% 32,601,550 — (1,940,474) (105,020) 31,111 281,890 1,011,815 30,587,167
Invesco S&P Emerging Markets Low Volatility ETF(b) 1.78% 39,987,733 — (5,283,024) 1,258,274 419,321 222,055 1,408,529 36,382,304
Invesco S&P International Developed Low Volatility ETF 2.03% 45,865,401 — (3,262,116) (1,414,818) 285,934 314,321 1,331,869 41,474,401
Total Foreign Equity Funds   607,344,196 20,230,325 (18,822,053) (71,810,698) (238,499) 893,279   536,703,271
Money Market Funds–0.33%
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(c) 0.12% 4,291,522 12,713,132 (14,665,632) — — 110 2,339,022 2,339,022
See accompanying notes which are an integral part of this schedule.
Invesco Select Risk: Moderate Investor Fund
Invesco Select Risk: Moderate Investor Fund (continued)
Schedule of Investments in Affiliated Issuers–99.99%(a)
  % of
Net
Assets
03/31/22 		Value
12/31/21 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain (Loss) 		Dividend
Income 		Shares
03/31/22 		Value
03/31/22
Money Market Funds–(continued)
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(c) 0.08% $2,912,289 $9,080,808 $(10,331,597) $— $(875) $154 1,661,123 $1,660,625
Invesco Treasury Portfolio, Institutional Class, 0.16%(c) 0.13% 4,904,596 14,529,293 (16,760,722) — — 171 2,673,167 2,673,167
Total Money Market Funds   12,108,407 36,323,233 (41,757,951) — (875) 435   6,672,814
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan)
(Cost $1,880,658,171) 		99.99% 2,256,419,770 85,582,330 (117,403,446) (185,646,583) 560,169 7,150,923   2,039,512,240
Investments Purchased with Cash Collateral from Securities on Loan                  
Money Market Funds–1.04%
Invesco Private Government Fund, 0.31%(c)(d) 0.31% — 33,217,601 (26,827,862) — — 1,735(e) 6,389,739 6,389,739
Invesco Private Prime Fund, 0.34%(c)(d) 0.73% — 74,445,596 (59,533,131) 539 (3,614) 4,655(e) 14,910,881 14,909,390
Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $21,298,590) 		1.04% — 107,663,197 (86,360,993) 539 (3,614) 6,390   21,299,129
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $1,901,956,761)  101.03% $2,256,419,770 $193,245,527 $(203,764,439) $(185,646,044) $556,555 $7,157,313   $2,060,811,369
OTHER ASSETS LESS LIABILITIES (1.03)%               (21,016,031)
NET ASSETS 100.00%               $2,039,795,338
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, 2022.
(c) The rate shown is the 7-day SEC standardized yield as of March 31, 2022.
(d) 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.
(e) 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.
    
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 45 June-2022 $10,194,188 $595,258 $595,258
MSCI Emerging Markets Index 6 June-2022 337,650 14,298 14,298
Nikkei 225 Index 1 June-2022 228,602 21,452 21,452
S&P/ASX 200 Index 1 June-2022 139,913 8,060 8,060
S&P/TSX 60 Index 1 June-2022 210,711 3,868 3,868
STOXX Europe 600 Index 23 June-2022 571,721 25,261 25,261
Subtotal 668,197 668,197
See accompanying notes which are an integral part of this schedule.
Invesco Select Risk: Moderate Investor Fund
Open Futures Contracts(a)—(continued)
Long Futures Contracts Number of
Contracts 		Expiration
Month 		Notional
Value 		Value Unrealized
Appreciation
(Depreciation)
Interest Rate Risk
Canada 10 Year Bonds 69 June-2022 $7,206,047 $(314,050) $(314,050)
EURO-BTP 83 June-2022 12,699,449 (534,378) (534,378)
Euro-Bund 49 June-2022 8,600,362 (428,771) (428,771)
EURO-OAT 92 June-2022 15,419,927 (693,088) (693,088)
Japan 10 Year Bonds 45 June-2022 55,335,140 (362,248) (362,248)
Long Gilt 111 June-2022 17,677,165 (163,313) (163,313)
Subtotal (2,495,848) (2,495,848)
Total Futures Contracts $(1,827,651) $(1,827,651)
    
(a) Futures contracts collateralized by $4,635,045 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: Moderate Investor Fund
Notes to Quarterly Schedule of Portfolio Holdings
March 31, 2022
(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, 2022. 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 $2,032,839,426 $— $— $2,032,839,426
Money Market Funds 6,672,814 21,299,129 — 27,971,943
Total Investments in Securities 2,039,512,240 21,299,129 — 2,060,811,369
Other Investments - Assets*        
Futures Contracts 668,197 — — 668,197
Other Investments - Liabilities*        
Futures Contracts (2,495,848) — — (2,495,848)
Total Other Investments (1,827,651) — — (1,827,651)
Total Investments $2,037,684,589 $21,299,129 $— $2,058,983,718
    
* Unrealized appreciation (depreciation).
Invesco Select Risk: Moderate Investor Fund