NPORT-EX 2 edgar.htm EDGAR HTML
Schedule of Investments  
March 31, 2025
(Unaudited) 
Invesco Active Allocation Fund
Schedule of Investments in Affiliated Issuers–99.67%(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–2.51%
Invesco Global Real Estate Income
Fund, Class R6
2.51
%
$45,278,775
$428,112
$—
$(229,551
)
$—
$428,111
5,793,291
$45,477,336
Invesco Macro Allocation Strategy
Fund, Class R6
—
46,153,483
414,062
(46,962,555
)
7,973,637
(7,578,627
)
414,063
—
—
Total Alternative Funds
91,432,258
842,174
(46,962,555
)
7,744,086
(7,578,627
)
842,174
45,477,336
Domestic Equity Funds–51.92%
Invesco Discovery Mid Cap Growth
Fund, Class R6
5.83
%
109,714,684
9,677,104
—
(13,839,403
)
—
—
3,495,112
105,552,385
Invesco Main Street Small Cap
Fund, Class R6
5.54
%
110,878,231
—
(4,428,658
)
(6,056,409
)
(68,543
)
—
4,772,818
100,324,621
Invesco NASDAQ 100 ETF(b)
11.43
%
195,290,865
37,227,473
(8,992,536
)
(18,110,649
)
1,530,661
289,725
1,072,147
206,945,814
Invesco Russell 1000® Dynamic
Multifactor ETF
11.80
%
265,360,134
—
(49,576,830
)
(7,402,528
)
5,234,100
467,380
4,007,032
213,614,876
Invesco S&P 500 Revenue ETF
10.84
%
—
205,530,305
(3,927,603
)
(5,406,030
)
(30,272
)
656,139
1,974,697
196,166,400
Invesco S&P 500® Pure Value ETF
—
165,907,737
—
(171,107,896
)
(11,292,246
)
16,492,405
—
—
—
Invesco S&P 500® Top 50 ETF(b)
2.01
%
—
40,512,262
—
(4,247,444
)
—
72,096
788,023
36,264,818
Invesco Value Opportunities Fund,
Class R6
4.47
%
91,850,678
—
(6,790,570
)
(3,985,194
)
(113,299
)
—
3,890,515
80,961,615
Total Domestic Equity Funds
939,002,329
292,947,144
(244,824,093
)
(70,339,903
)
23,045,052
1,485,340
939,830,529
Fixed Income Funds–23.88%
Invesco Core Bond Fund, Class R6
10.43
%
196,713,917
2,237,867
(12,592,157
)
2,518,698
(46,441
)
2,237,865
33,234,559
188,831,884
Invesco Core Plus Bond Fund,
Class R6
5.02
%
94,717,141
1,159,186
(5,958,852
)
2,578,536
(1,530,547
)
1,159,186
9,835,971
90,965,464
Invesco Emerging Markets
Sovereign Debt ETF
0.65
%
11,506,025
—
—
203,184
—
190,604
580,526
11,709,209
Invesco Equal Weight 0-30 Year
Treasury ETF
2.78
%
48,867,402
—
—
1,428,237
—
454,613
1,807,895
50,295,639
Invesco Floating Rate ESG Fund,
Class R6
1.36
%
24,480,143
551,601
—
(482,722
)
—
551,600
3,719,661
24,549,022
Invesco High Yield Fund, Class R6
1.33
%
23,923,978
413,922
—
(206,991
)
—
413,924
6,835,371
24,130,909
Invesco Variable Rate Investment
Grade ETF
2.31
%
41,952,925
—
—
(58,463
)
—
529,261
1,670,433
41,894,462
Total Fixed Income Funds
442,161,531
4,362,576
(18,551,009
)
5,980,479
(1,576,988
)
5,537,053
432,376,589
International and Global Equity Funds–20.96%
Invesco EQV Emerging Markets All
Cap Fund, Class R6
1.51
%
26,953,420
—
—
447,428
—
—
828,571
27,400,848
Invesco Developing Markets Fund,
Class R6
1.26
%
22,274,183
—
—
556,269
—
—
585,546
22,830,452
Invesco Global Fund, Class R6
6.96
%
135,280,248
—
(2,007,989
)
(7,334,210
)
7,392
—
1,381,890
125,945,441
Invesco Global Infrastructure
Fund, Class R6
—
19,345,651
2,109,009
(19,775,183
)
(2,214,341
)
2,591,904
51,969
—
—
Invesco International Developed
Dynamic Multifactor ETF(b)
2.84
%
52,046,073
—
(3,294,134
)
2,613,758
(7,876
)
330,539
2,086,868
51,357,821
Invesco International Small-Mid
Company Fund, Class R6
3.93
%
73,180,712
—
(4,201,162
)
2,645,922
(519,647
)
—
1,905,811
71,105,825
Invesco Oppenheimer International
Growth Fund, Class R6
1.24
%
22,400,524
—
—
163,455
—
—
710,677
22,563,979
Invesco RAFI Developed Markets
ex-U.S. ETF(b)
3.22
%
61,610,150
—
(8,767,956
)
4,814,207
577,338
518,962
1,120,095
58,233,739
Total International and Global
Equity Funds
413,090,961
2,109,009
(38,046,424
)
1,692,488
2,649,111
901,470
379,438,105
See accompanying notes which are an integral part of this schedule.
Invesco Active Allocation Fund
Invesco Active Allocation Fund (continued)
Schedule of Investments in Affiliated Issuers–99.67%(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–0.40%
Invesco Government & Agency
Portfolio, Institutional Class,
4.29%(c)
0.14
%
$2,201,254
$39,542,933
$(39,240,950
)
$—
$—
$35,024
2,503,237
$2,503,237
Invesco Treasury Portfolio,
Institutional Class, 4.25%(c)
0.26
%
4,087,929
73,436,876
(72,876,052
)
—
—
64,514
4,648,753
4,648,753
Total Money Market Funds
6,289,183
112,979,809
(112,117,002
)
—
—
99,538
7,151,990
TOTAL INVESTMENTS IN
AFFILIATED ISSUERS
(excluding investments
purchased with cash
collateral from securities on
loan)
(Cost $1,586,903,165)
99.67
%
1,891,976,262
413,240,712
(460,501,083
)
(54,922,850
)
16,538,548
8,865,575
1,804,274,549
 
Investments Purchased
with Cash Collateral
from Securities on
Loan
 
 
 
 
 
 
 
 
 
Money Market Funds–0.35%
Invesco Private Government Fund,
4.34%(c)(d)
0.09
%
2,899,632
80,336,094
(81,471,822
)
—
—
37,916
(e)
1,763,904
1,763,904
Invesco Private Prime Fund,
4.46%(c)(d)
0.26
%
7,484,757
127,157,303
(129,975,056
)
—
—
89,179
(e)
4,665,604
4,667,004
Total Investments Purchased with
Cash Collateral from Securities
on Loan
(Cost $6,430,908)
0.35
%
10,384,389
207,493,397
(211,446,878
)
—
—
127,095
6,430,908
TOTAL INVESTMENTS IN AFFILIATED
ISSUERS
(Cost $1,593,334,073) 
100.02
%
$1,902,360,651
$620,734,109
$(671,947,961
)
$(54,922,850
)
$16,538,548
(f)
$8,992,670
$1,810,705,457
OTHER ASSETS LESS LIABILITIES
(0.02
)%
(396,712
)
NET ASSETS
100.00
%
$1,810,308,745
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
$2,057,040
 
Open Futures Contracts(a)
Long Futures Contracts
Number of
Contracts
Expiration
Month
Notional
Value
Value
Unrealized
Appreciation
(Depreciation)
Interest Rate Risk
U.S. Treasury 10 Year Notes
445
June-2025
$49,492,344
$676,964
$676,964
See accompanying notes which are an integral part of this schedule.
Invesco Active Allocation Fund
Open Futures Contracts(a)—(continued)
Short Futures Contracts
Number of
Contracts
Expiration
Month
Notional
Value
Value
Unrealized
Appreciation
(Depreciation)
Equity Risk
E-Mini S&P 500 Index
10
June-2025
$(2,826,625
)
$19,359
$19,359
MSCI Emerging Markets Index
160
June-2025
(8,886,400
)
345,355
345,355
Nikkei 225 Index
1
June-2025
(237,749
)
3,466
3,466
S&P/TSX 60 Index
1
June-2025
(208,137
)
(3,069
)
(3,069
)
SPI 200 Index
1
June-2025
(123,049
)
664
664
STOXX Europe 600 Index
27
June-2025
(772,210
)
29,464
29,464
Subtotal—Short Futures Contracts
395,239
395,239
Total Futures Contracts
$1,072,203
$1,072,203
 
(a)
Futures contracts collateralized by $4,646,802 cash held with Merrill Lynch International, the futures commission merchant.
 
Open Forward Foreign Currency Contracts
Settlement
Date
Counterparty
Contract to
Unrealized
Appreciation
(Depreciation)
Deliver
Receive
Currency Risk
 
 
 
06/18/2025
Barclays Bank PLC
USD
5,724,678
NOK
61,660,000
$136,028
06/18/2025
BNP Paribas S.A.
CHF
4,315,000
USD
4,960,859
38,894
06/18/2025
BNP Paribas S.A.
JPY
562,730,000
USD
3,866,838
82,691
06/18/2025
BNP Paribas S.A.
USD
6,202,379
SEK
62,370,000
30,811
06/18/2025
Deutsche Bank AG
HUF
6,610,000
USD
17,875
201
06/18/2025
J.P. Morgan Chase Bank, N.A.
AUD
7,660,000
USD
4,839,745
50,363
06/18/2025
J.P. Morgan Chase Bank, N.A.
CZK
126,580,000
USD
5,546,014
52,976
06/18/2025
J.P. Morgan Chase Bank, N.A.
USD
6,689,567
GBP
5,190,000
14,128
06/18/2025
J.P. Morgan Chase Bank, N.A.
USD
10,146,576
INR
890,565,000
214,553
06/18/2025
Merrill Lynch International
HKD
700,000
USD
90,248
130
06/18/2025
Merrill Lynch International
KRW
3,718,360,000
USD
2,569,188
36,412
06/03/2025
Morgan Stanley and Co. International PLC
USD
6,378,054
BRL
38,165,000
225,123
06/18/2025
Morgan Stanley and Co. International PLC
CLP
240,300,000
USD
256,167
3,240
06/18/2025
Morgan Stanley and Co. International PLC
THB
181,855,000
USD
5,412,834
23,112
06/18/2025
STANDARD CHARTERED BANK
USD
347,961
CNY
2,510,000
1,849
06/18/2025
UBS AG
NZD
8,885,000
USD
5,102,451
48,484
Subtotal—Appreciation
958,995
Currency Risk
 
 
 
06/18/2025
Deutsche Bank AG
PHP
277,080,000
USD
4,826,169
(4,375
)
06/18/2025
Deutsche Bank AG
USD
4,609,669
TWD
150,455,000
(61,247
)
06/18/2025
Goldman Sachs International
USD
1,224,439
MYR
5,395,000
(4,058
)
06/18/2025
J.P. Morgan Chase Bank, N.A.
USD
8,318,032
EUR
7,635,000
(26,637
)
06/18/2025
J.P. Morgan Chase Bank, N.A.
USD
5,593,950
IDR
92,367,300,000
(69,590
)
06/18/2025
J.P. Morgan Chase Bank, N.A.
USD
6,047,083
MXN
124,735,000
(13,938
)
06/18/2025
J.P. Morgan Chase Bank, N.A.
USD
93,225
PLN
360,000
(544
)
06/18/2025
J.P. Morgan Chase Bank, N.A.
USD
5,280,429
SGD
6,995,000
(53,165
)
06/18/2025
Morgan Stanley and Co. International PLC
CAD
6,495,000
USD
4,522,930
(7,728
)
06/18/2025
Morgan Stanley and Co. International PLC
USD
5,429,326
COP
22,703,000,000
(56,316
)
06/18/2025
Morgan Stanley and Co. International PLC
USD
541,686
ZAR
9,935,000
(3,167
)
06/18/2025
UBS AG
USD
49,706
DKK
340,000
(181
)
Subtotal—Depreciation
(300,946
)
Total Forward Foreign Currency Contracts
$658,049
 
See accompanying notes which are an integral part of this schedule.
Invesco Active Allocation Fund
Open Centrally Cleared Credit Default Swap Agreements(a)
Reference Entity
Buy/Sell
Protection
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity Date
Implied
Credit
Spread(b)
Notional Value
Upfront
Payments Paid
(Received)
Value
Unrealized
Appreciation
(Depreciation)
Credit Risk
Markit CDX North America Investment
Grade Index, Series 42, Version 1
Buy
(1.00)%
Quarterly
06/20/2029
0.503%
USD
187,000,000
$(3,588,596
)
$(3,599,189
)
$(10,593
)
Markit CDX North America High Yield
Index, Series 42, Version 1
Sell
5.00
Quarterly
06/20/2029
3.398
USD
13,500,000
794,090
779,814
(14,276
)
Total Centrally Cleared Credit Default Swap Agreements
 
$(2,794,506
)
$(2,819,375
)
$(24,869
)
 
(a)
Centrally cleared swap agreements collateralized by $4,519,054 cash held with J.P. Morgan Chase Bank, N.A.
(b)
Implied credit spreads represent the current level, as of March 31, 2025, at which protection could be bought or sold given the terms of the existing credit
default swap agreement and serve as an indicator of the current status of the payment/performance risk of the credit default swap agreement. An implied credit
spread that has widened or increased since entry into the initial agreement may indicate a deteriorating credit profile and increased risk of default for the
reference entity. A declining or narrowing spread may indicate an improving credit profile or decreased risk of default for the reference entity. Alternatively, credit
spreads may increase or decrease reflecting the general tolerance for risk in the credit markets generally.
 
Abbreviations:
AUD
—Australian Dollar
BRL
—Brazilian Real
CAD
—Canadian Dollar
CHF
—Swiss Franc
CLP
—Chile Peso
CNY
—Chinese Yuan Renminbi
COP
—Colombia Peso
CZK
—Czech Koruna
DKK
—Danish Krone
EUR
—Euro
GBP
—British Pound Sterling
HKD
—Hong Kong Dollar
HUF
—Hungarian Forint
IDR
—Indonesian Rupiah
INR
—Indian Rupee
JPY
—Japanese Yen
KRW
—South Korean Won
MXN
—Mexican Peso
MYR
—Malaysian Ringgit
NOK
—Norwegian Krone
NZD
—New Zealand Dollar
PHP
—Philippines Peso
PLN
—Polish Zloty
SEK
—Swedish Krona
SGD
—Singapore Dollar
THB
—Thai Baht
TWD
—New Taiwan Dollar
USD
—U.S. Dollar
ZAR
—South African Rand
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 Active 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
$1,797,122,559
$—
$—
$1,797,122,559
Money Market Funds
7,151,990
6,430,908
—
13,582,898
Total Investments in Securities
1,804,274,549
6,430,908
—
1,810,705,457
Other Investments - Assets*
Futures Contracts
1,075,272
—
—
1,075,272
Forward Foreign Currency Contracts
—
958,995
—
958,995
 
1,075,272
958,995
—
2,034,267
Other Investments - Liabilities*
Futures Contracts
(3,069
)
—
—
(3,069
)
Forward Foreign Currency Contracts
—
(300,946
)
—
(300,946
)
Swap Agreements
—
(24,869
)
—
(24,869
)
 
(3,069
)
(325,815
)
—
(328,884
)
Total Other Investments
1,072,203
633,180
—
1,705,383
Total Investments
$1,805,346,752
$7,064,088
$—
$1,812,410,840
 
*
Unrealized appreciation (depreciation).
Invesco Active Allocation Fund