NPORT-EX 2 edgar.htm
Schedule of Investments  
March 31, 2024
(Unaudited)
Invesco Select Risk: Conservative Investor Fund
Schedule of Investments in Affiliated Issuers–99.92%(a)
  % of
Net
Assets
03/31/24 		Value
12/31/23 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain (Loss) 		Dividend
Income 		Shares
03/31/24 		Value
03/31/24
Alternative Funds–5.00%
Invesco Global Real Estate Income Fund, Class R6(b) 1.99% $7,960,408 $66,132 $(369,599) $(242,657) $6,762 $66,132 911,547 $7,438,220
Invesco Macro Allocation Strategy Fund, Class R6 3.01% 10,868,746 — (232,746) 608,210 (17,218) — 1,417,549 11,226,992
Total Alternative Funds   18,829,154 66,132 (602,345) 365,553 (10,456) 66,132   18,665,212
Domestic Equity Funds–11.23%
Invesco Discovery Mid Cap Growth Fund, Class R6(c) 1.34% 7,547,945 — (3,638,303) 225,218 858,029 — 149,846 4,992,889
Invesco Main Street Small Cap Fund, Class R6 1.33% 4,867,538 125,710 (368,900) 330,067 (2,047) — 221,088 4,952,368
Invesco NASDAQ 100 ETF 2.24% — 8,306,020 — 74,336 — — 45,872 8,380,356
Invesco Russell 1000® Dynamic Multifactor ETF 3.17% 10,431,809 1,039,258 (448,816) 760,297 35,346 52,659 213,976 11,817,894
Invesco S&P 500® Low Volatility ETF — 8,196,053 — (8,431,429) (1,272,710) 1,508,086 32,758 — —
Invesco S&P 500® Pure Growth ETF — 4,946,587 — (5,503,256) (752,809) 1,309,478 — — —
Invesco S&P 500® Pure Value ETF 2.07% 3,989,334 3,625,855 (366,929) 323,420 151,431 46,450 87,326 7,723,111
Invesco Value Opportunities Fund, Class R6 1.08% — 3,811,505 — 209,898 — — 196,166 4,021,403
Total Domestic Equity Funds   39,979,266 16,908,348 (18,757,633) (102,283) 3,860,323 131,867   41,888,021
Fixed Income Funds–77.68%
Invesco Core Bond Fund, Class R6 34.08% — 126,220,540 — 899,637 — 271,343 22,539,039 127,120,177
Invesco Core Plus Bond Fund, Class R6 16.70% 66,550,408 803,632 (4,526,920) 698,081 (1,229,405) 803,632 6,793,435 62,295,796
Invesco Emerging Markets Sovereign Debt ETF 2.04% — 7,582,081 — 33,499 — 42,314 372,218 7,615,580
Invesco Equal Weight 0-30 Year Treasury ETF 9.18% 48,506,187 — (12,887,302) 2,141,741 (3,519,481) 355,968 1,219,414 34,241,145
Invesco Floating Rate ESG Fund, Class R6 4.11% 28,154,538 621,542 (13,465,466) 12,398 25,111 621,542 2,257,077 15,348,123
Invesco High Yield Fund, Class R6 4.12% 39,569,640 606,306 (24,732,030) (752,465) 682,785 606,305 4,380,124 15,374,236
Invesco Income Fund, Class R6 0.00% 3,804,364 49,902 (3,850,477) (36) 5,503 49,902 1,343 9,256
Invesco International Bond Fund, Class R6 0.02% 29,056,289 301,016 (28,712,331) (1,535,940) 946,710 301,016 12,904 55,744
Invesco Taxable Municipal Bond ETF — 31,344,983 — (30,762,332) 6,452,353 (7,035,004) 190,877 — —
Invesco Variable Rate Investment Grade ETF 7.43% 43,101,677 — (15,590,561) (47,154) 256,699 592,818 1,104,849 27,720,661
Total Fixed Income Funds   290,088,086 136,185,019 (134,527,419) 7,902,114 (9,867,082) 3,835,717   289,780,718
Foreign Equity Funds–5.71%
Invesco EQV Emerging Markets All Cap Fund, Class R6 0.33% — 1,250,675 — (4,902) — — 37,705 1,245,773
Invesco Developing Markets Fund, Class R6 0.28% 4,616,955 — (3,669,396) 1,103,701 (1,017,433) — 26,239 1,033,827
Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.73% 3,706,148 — (1,148,834) 14,456 146,966 20,361 54,758 2,718,736
Invesco Global Fund, Class R6 1.61% — 5,969,531 — 30,529 — — 58,709 6,000,060
Invesco Global Infrastructure Fund, Class R6 1.00% 3,605,124 126,622 — (18,078) — 25,032 324,338 3,713,668
Invesco International Developed Dynamic Multifactor ETF 0.63% — 2,338,906 — 14,704 — 18,452 91,902 2,353,610
Invesco International Small-Mid Company Fund, Class R6 0.85% — 3,191,857 — (2,950) — — 73,749 3,188,907
Invesco Oppenheimer International Growth Fund, Class R6 0.28% 3,754,513 — (2,915,259) 14,938 174,371 — 27,620 1,028,563
Invesco S&P Emerging Markets Low Volatility ETF — 3,707,280 — (3,688,745) 320,789 (339,324) 23,861 — —
Invesco S&P International Developed Low Volatility ETF — 3,659,565 — (3,662,134) 14,286 (11,717) — — —
Total Foreign Equity Funds   23,049,585 12,877,591 (15,084,368) 1,487,473 (1,047,137) 87,706   21,283,144
Money Market Funds–0.30%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(d) 0.10% 873,350 10,849,056 (11,332,621) — — 9,350 389,785 389,785
See accompanying notes which are an integral part of this schedule.
Invesco Select Risk: Conservative Investor Fund
Invesco Select Risk: Conservative Investor Fund (continued)
Schedule of Investments in Affiliated Issuers–99.92%(a)
  % of
Net
Assets
03/31/24 		Value
12/31/23 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain (Loss) 		Dividend
Income 		Shares
03/31/24 		Value
03/31/24
Money Market Funds–(continued)
Invesco Liquid Assets Portfolio, Institutional Class, 5.35%(d) 0.08% $623,730 $7,749,325 $(8,094,729) $(59) $(202) $6,873 277,954 $278,065
Invesco Treasury Portfolio, Institutional Class, 5.21%(d) 0.12% 998,114 12,398,920 (12,951,566) — — 10,661 445,468 445,468
Total Money Market Funds   2,495,194 30,997,301 (32,378,916) (59) (202) 26,884   1,113,318
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan)
(Cost $377,964,720) 		99.92% 374,441,285 197,034,391 (201,350,681) 9,652,798 (7,064,554) 4,148,306   372,730,413
Investments Purchased with Cash Collateral from Securities on Loan                  
Money Market Funds–0.00%
Invesco Private Government Fund, 7.57%(d)(e) — 3,197,516 6,798,620 (9,996,136) — — 23,260(f) — —
Invesco Private Prime Fund, 5.49%(d)(e) — 8,222,187 17,274,038 (25,495,109) (725) (391) 62,356(f) — —
Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $0) 		0.00% 11,419,703 24,072,658 (35,491,245) (725) (391) 85,616   —
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $377,964,720)  99.92% $385,860,988 $221,107,049 $(236,841,926) $9,652,073 $(7,064,945) $4,233,922   $372,730,413
OTHER ASSETS LESS LIABILITIES 0.08%               289,740
NET ASSETS 100.00%               $373,020,153
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) Amounts include a return of capital distribution reclassification which reduces dividend income and increases realized gain (loss) and/or change in unrealized appreciation (depreciation).
(c) Non-income producing security.
(d) The rate shown is the 7-day SEC standardized yield as of March 31, 2024.
(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.
(f) 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.
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
March 31, 2024
(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.
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.
As of March 31, 2024, 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.
Invesco Select Risk: Conservative Investor Fund