NPORT-EX 2 edgar.htm EDGAR HTML
Schedule of Investments  
March 31, 2025
(Unaudited) 
Invesco Select Risk: Moderate Investor 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
Alternative Funds–2.48%
Invesco Global Real Estate
Income Fund, Class R6
2.48
%
$42,798,623
$404,662
$—
$(216,977
)
$—
$404,661
5,475,963
$42,986,308
Invesco Macro Allocation
Strategy Fund, Class R6
—
44,495,890
389,398
(45,275,486
)
6,687,240
(6,297,042
)
389,398
—
—
Total Alternative Funds
87,294,513
794,060
(45,275,486
)
6,470,263
(6,297,042
)
794,059
42,986,308
Domestic Equity Funds–41.56%
Invesco Discovery Mid Cap
Growth Fund, Class R6
4.77
%
82,860,728
11,626,597
(1,971,544
)
(10,022,065
)
5,934
—
2,731,776
82,499,650
Invesco Main Street Small Cap
Fund, Class R6
4.50
%
79,021,557
3,446,896
—
(4,678,945
)
—
—
3,700,738
77,789,508
Invesco NASDAQ 100 ETF
9.32
%
143,736,508
35,686,193
(5,830,945
)
(13,383,466
)
1,039,846
223,492
835,396
161,248,136
Invesco Russell 1000® Dynamic
Multifactor ETF
9.21
%
198,255,552
—
(37,297,873
)
(5,365,371
)
3,749,683
348,633
2,988,970
159,341,991
Invesco S&P 500 Revenue ETF(b)
8.52
%
—
151,574,305
—
(4,087,783
)
—
498,283
1,484,664
147,486,522
Invesco S&P 500® Pure Value
ETF
—
126,766,971
—
(130,740,314
)
(13,458,845
)
17,432,188
—
—
—
Invesco S&P 500® Top 50 ETF(b)
1.56
%
—
30,109,140
—
(3,156,745
)
—
53,583
585,667
26,952,395
Invesco Value Opportunities
Fund, Class R6
3.68
%
66,835,368
3,378,275
(3,562,276
)
(2,975,728
)
46,148
—
3,062,075
63,721,787
Total Domestic Equity Funds
697,476,684
235,821,406
(179,402,952
)
(57,128,948
)
22,273,799
1,123,991
719,039,989
Fixed Income Funds–38.36%
Invesco Core Bond Fund,
Class R6
16.79
%
303,099,659
3,466,424
(19,815,073
)
3,840,234
(6,419
)
3,464,859
51,141,669
290,584,825
Invesco Core Plus Bond Fund,
Class R6
8.20
%
147,923,120
1,808,798
(9,518,926
)
4,071,951
(2,396,498
)
1,808,798
15,342,369
141,888,445
Invesco Emerging Markets
Sovereign Debt ETF
1.04
%
17,648,144
—
—
311,648
—
292,352
890,421
17,959,792
Invesco Equal Weight 0-30 Year
Treasury ETF(b)
4.56
%
78,949,224
—
(2,353,464
)
2,950,302
(639,556
)
727,487
2,836,323
78,906,506
Invesco Floating Rate ESG Fund,
Class R6
2.06
%
37,635,319
826,025
(2,200,162
)
(667,016
)
(46,997
)
826,024
5,385,699
35,547,169
Invesco High Yield Fund, Class R6
2.05
%
38,149,540
620,724
(2,970,502
)
(330,435
)
27,002
620,725
10,054,324
35,496,329
Invesco Variable Rate Investment
Grade ETF
3.66
%
65,335,718
—
(1,884,777
)
(108,619
)
20,517
816,849
2,526,429
63,362,839
Total Fixed Income Funds
688,740,724
6,721,971
(38,742,904
)
10,068,065
(3,041,951
)
8,557,094
663,745,905
International and Global Equity Funds–16.60%
Invesco EQV Emerging Markets
All Cap Fund, Class R6
1.17
%
19,963,476
—
—
331,395
—
—
613,694
20,294,871
Invesco Developing Markets
Fund, Class R6
0.99
%
17,638,097
—
(961,922
)
211,377
232,308
—
439,083
17,119,860
Invesco Global Fund, Class R6
5.45
%
103,790,468
—
(4,134,979
)
(5,390,210
)
(34,550
)
—
1,033,912
94,230,729
Invesco Global Infrastructure
Fund, Class R6
—
18,577,657
1,940,472
(18,989,421
)
(2,524,778
)
2,888,726
47,816
—
—
Invesco International Developed
Dynamic Multifactor ETF
2.29
%
38,561,016
—
(811,572
)
1,883,301
(21,966
)
254,935
1,609,540
39,610,779
Invesco International Small-Mid
Company Fund, Class R6
3.09
%
52,016,973
—
—
1,417,864
—
—
1,432,186
53,434,837
Invesco Oppenheimer
International Growth Fund,
Class R6
0.99
%
17,061,554
—
—
124,497
—
—
541,293
17,186,051
Invesco RAFI Developed Markets
ex-U.S. ETF
2.62
%
44,436,844
—
(3,004,208
)
3,645,069
184,425
403,362
870,593
45,262,130
Total International and Global
Equity Funds
312,046,085
1,940,472
(27,902,102
)
(301,485
)
3,248,943
706,113
287,139,257
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–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
Money Market Funds–1.08%
Invesco Government & Agency
Portfolio, Institutional Class,
4.29%(c)
0.38
%
$1,967,632
$33,820,240
$(29,151,511
)
$—
$—
$42,697
6,636,361
$6,636,361
Invesco Treasury Portfolio,
Institutional Class, 4.25%(c)
0.70
%
3,294,602
62,809,018
(54,012,672
)
—
—
75,658
12,090,948
12,090,948
Total Money Market Funds
5,262,234
96,629,258
(83,164,183
)
—
—
118,355
18,727,309
TOTAL INVESTMENTS IN
AFFILIATED ISSUERS
(excluding investments
purchased with cash
collateral from securities
on loan)
(Cost $1,600,698,984)
100.08
%
1,790,820,240
341,907,167
(374,487,627
)
(40,892,105
)
16,183,749
11,299,612
1,731,638,768
 
Investments
Purchased with Cash
Collateral from
Securities on Loan
 
 
 
 
 
 
 
 
 
Money Market Funds–0.11%
Invesco Private Government
Fund, 4.34%(c)(d)
0.03
%
88,780
73,419,475
(72,956,661
)
—
—
23,552
(e)
551,594
551,594
Invesco Private Prime Fund,
4.46%(c)(d)
0.08
%
227,477
106,580,740
(105,375,602
)
—
—
50,697
(e)
1,432,185
1,432,615
Total Investments Purchased
with Cash Collateral from
Securities on Loan
(Cost $1,984,209)
0.11
%
316,257
180,000,215
(178,332,263
)
—
—
74,249
1,984,209
TOTAL INVESTMENTS IN
AFFILIATED ISSUERS
(Cost $1,602,683,193) 
100.19
%
$1,791,136,497
$521,907,382
$(552,819,890
)
$(40,892,105
)
$16,183,749
(f)
$11,373,861
$1,733,622,977
OTHER ASSETS LESS LIABILITIES
(0.19
)%
(3,348,124
)
NET ASSETS
100.00
%
$1,730,274,853
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, 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.
(f)
Includes capital gains distributions from affiliated underlying funds as follows:
 
Fund Name
Capital Gain
Invesco Global Infrastructure Fund
$1,892,656
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, 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
$1,712,911,459
$—
$—
$1,712,911,459
Money Market Funds
18,727,309
1,984,209
—
20,711,518
Total Investments
$1,731,638,768
$1,984,209
$—
$1,733,622,977
Invesco Select Risk: Moderate Investor Fund