NPORT-EX 2 edgar.htm EDGAR HTML
Schedule of Investments  
March 31, 2025
(Unaudited) 
Invesco Income Allocation Fund
Schedule of Investments in Affiliated Issuers–100.08%(a)
 
% of
Net
Assets
03/31/25
Value
12/31/24
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain (Loss)
Dividend
Income
Shares
03/31/25
Value
03/31/25
Domestic Equity Funds–30.41%
Invesco Dividend Income Fund, Class R6
4.01
%
$13,137,603
$61,600
$(487,399
)
$315,571
$6,408
$61,600
497,472
$13,033,783
Invesco Main Street Small Cap Fund,
Class R6
1.62
%
5,593,393
—
—
(330,496
)
—
—
250,376
5,262,897
Invesco MSCI USA ETF(b)
6.68
%
22,442,626
1,085,837
(755,331
)
(1,176,994
)
118,278
71,542
387,619
21,714,416
Invesco QQQ Income Advantage ETF
4.92
%
16,517,003
1,183,823
(293,181
)
(1,451,283
)
28,462
426,774
348,557
15,984,824
Invesco Russell 1000® Dynamic
Multifactor ETF
2.63
%
9,226,204
—
(531,026
)
(162,074
)
34,826
18,746
160,719
8,567,930
Invesco S&P 500 Equal Weight Income
Advantage ETF
4.91
%
16,323,456
—
—
(375,922
)
—
381,069
324,071
15,947,534
Invesco S&P 500® Pure Value ETF(b)
4.28
%
13,907,495
—
(337,911
)
300,081
31,503
101,154
150,527
13,901,168
Invesco Value Opportunities Fund, Class R6
1.36
%
4,897,996
—
(264,749
)
(221,299
)
9,507
—
212,468
4,421,455
Total Domestic Equity Funds
102,045,776
2,331,260
(2,669,597
)
(3,102,416
)
228,984
1,060,885
98,834,007
Fixed Income Funds–62.55%
Invesco Core Bond Fund, Class R6
25.25
%
83,915,857
959,789
(3,866,930
)
971,510
66,467
959,788
14,495,882
82,046,693
Invesco Core Plus Bond Fund, Class R6
24.04
%
80,513,728
980,938
(4,244,090
)
1,473,401
(595,705
)
980,937
8,482,983
78,128,272
Invesco Floating Rate ESG Fund, Class R6
2.03
%
6,882,139
149,216
(302,517
)
(124,367
)
(5,396
)
149,216
1,007,492
6,599,075
Invesco High Yield Fund, Class R6
2.05
%
6,863,710
114,806
(264,701
)
(64,630
)
6,783
114,806
1,896,287
6,655,968
Invesco International Bond Fund, Class R6
3.13
%
10,260,796
128,805
(439,410
)
263,782
(55,986
)
128,805
2,308,634
10,157,987
Invesco Variable Rate Investment Grade
ETF
6.05
%
20,194,796
—
(491,896
)
(26,187
)
(600
)
248,572
784,534
19,676,113
Total Fixed Income Funds
208,631,026
2,333,554
(9,609,544
)
2,493,509
(584,437
)
2,582,124
203,264,108
International and Global Equity Funds–6.95%
Invesco RAFI Developed Markets ex-U.S.
ETF
5.45
%
17,673,326
—
(1,468,391
)
1,430,618
82,900
157,902
340,805
17,718,453
Invesco S&P Emerging Markets Low
Volatility ETF
1.50
%
4,815,812
—
(134,764
)
176,088
4,298
54,468
200,204
4,861,434
Total International and Global Equity
Funds
22,489,138
—
(1,603,155
)
1,606,706
87,198
212,370
22,579,887
Money Market Funds–0.17%
Invesco Government & Agency Portfolio,
Institutional Class, 4.29%(c)
0.06
%
9,123
4,321,668
(4,129,852
)
—
—
4,426
200,939
200,939
Invesco Treasury Portfolio, Institutional
Class, 4.25%(c)
0.11
%
—
8,025,955
(7,663,797
)
—
—
8,010
362,158
362,158
Total Money Market Funds
9,123
12,347,623
(11,793,649
)
—
—
12,436
563,097
TOTAL INVESTMENTS IN AFFILIATED
ISSUERS (excluding investments
purchased with cash collateral from
securities on loan)
(Cost $311,933,022)
100.08
%
333,175,063
17,012,437
(25,675,945
)
997,799
(268,255
)
3,867,815
325,241,099
 
Investments Purchased with
Cash Collateral from
Securities on Loan
 
 
 
 
 
 
 
 
 
Money Market Funds–0.16%
Invesco Private Government Fund,
4.34%(c)(d)
0.04
%
573,775
28,137,678
(28,563,139
)
—
—
12,502
(e)
148,314
148,314
Invesco Private Prime Fund, 4.46%(c)(d)
0.12
%
1,495,465
61,405,949
(62,512,503
)
—
—
32,300
(e)
388,794
388,911
Total Investments Purchased with Cash
Collateral from Securities on Loan
(Cost $537,225)
0.16
%
2,069,240
89,543,627
(91,075,642
)
—
—
44,802
537,225
TOTAL INVESTMENTS IN AFFILIATED ISSUERS
(Cost $312,470,247) 
100.24
%
$335,244,303
$106,556,064
$(116,751,587
)
$997,799
$(268,255
)
$3,912,617
$325,778,324
OTHER ASSETS LESS LIABILITIES
(0.24
)%
(793,959
)
NET ASSETS
100.00
%
$324,984,365
Investment Abbreviations: 
ETF -
Exchange-Traded Fund
See accompanying notes which are an integral part of this schedule.
Invesco Income Allocation 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, 2025.
(c)
The rate shown is the 7-day SEC standardized yield as of March 31, 2025.
(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.
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, 2025
(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. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.
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.
The following is a summary of the tiered valuation input levels, as of March 31, 2025. 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
$324,678,002
$—
$—
$324,678,002
Money Market Funds
563,097
537,225
—
1,100,322
Total Investments
$325,241,099
$537,225
$—
$325,778,324
Invesco Income Allocation Fund