NPORT-EX 2 edgar.htm EDGAR HTML
Schedule of Investments  
March 31, 2025
(Unaudited) 
Invesco Select Risk: Moderately Conservative Investor Fund
Schedule of Investments in Affiliated Issuers–100.05%(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–2.49%
Invesco Global Real Estate Income Fund,
Class R6
2.49
%
$6,582,713
$60,809
$(152,721
)
$(20,026
)
$(11,236
)
$60,809
822,871
$6,459,539
Invesco Macro Allocation Strategy Fund,
Class R6
—
6,760,190
58,130
(6,878,585
)
1,062,935
(1,002,670
)
58,130
—
—
Total Alternative Funds
13,342,903
118,939
(7,031,306
)
1,042,909
(1,013,906
)
118,939
6,459,539
Domestic Equity Funds–27.20%
Invesco Discovery Mid Cap Growth Fund,
Class R6
2.89
%
7,511,745
1,213,889
(264,019
)
(911,014
)
(50,429
)
—
248,350
7,500,172
Invesco Main Street Small Cap Fund,
Class R6
2.76
%
7,307,452
294,024
—
(440,725
)
—
—
340,664
7,160,751
Invesco NASDAQ 100 ETF
6.50
%
13,574,656
5,445,329
(922,206
)
(1,324,069
)
78,673
21,182
87,309
16,852,383
Invesco Russell 1000® Dynamic Multifactor
ETF
5.91
%
18,499,263
658,982
(3,690,830
)
(1,086,064
)
935,891
33,513
287,324
15,317,242
Invesco S&P 500 Revenue ETF
5.95
%
—
16,042,218
(205,712
)
(398,444
)
2,752
45,870
155,434
15,440,814
Invesco S&P 500® Pure Value ETF
—
11,480,305
—
(11,840,140
)
(3,446,583
)
3,806,418
—
—
—
Invesco S&P 500® Top 50 ETF
0.97
%
—
2,811,973
—
(294,817
)
—
5,004
54,697
2,517,156
Invesco Value Opportunities Fund, Class R6
2.22
%
6,060,239
—
—
(301,628
)
—
—
276,723
5,758,611
Total Domestic Equity Funds
64,433,660
26,466,415
(16,922,907
)
(8,203,344
)
4,773,305
105,569
70,547,129
Fixed Income Funds–59.51%
Invesco Core Bond Fund, Class R6
26.17
%
70,561,076
804,915
(4,386,078
)
867,484
7,352
804,766
11,988,472
67,854,749
Invesco Core Plus Bond Fund, Class R6
12.79
%
34,477,963
421,803
(2,118,177
)
649,618
(267,453
)
421,604
3,600,842
33,163,754
Invesco Emerging Markets Sovereign Debt
ETF
1.54
%
4,054,497
—
(132,144
)
72,895
126
66,445
198,085
3,995,374
Invesco Equal Weight 0-30 Year Treasury
ETF
7.04
%
18,636,753
—
(918,118
)
746,669
(203,088
)
170,648
656,442
18,262,216
Invesco Floating Rate ESG Fund, Class R6
3.17
%
8,719,093
191,029
(533,024
)
(153,744
)
(11,792
)
191,056
1,253,674
8,211,562
Invesco High Yield Fund, Class R6
3.12
%
8,587,731
145,210
(563,765
)
(82,351
)
13,636
145,238
2,307,823
8,100,461
Invesco Variable Rate Investment Grade ETF
5.68
%
15,593,075
—
(834,242
)
(26,112
)
6,093
191,016
587,672
14,738,814
Total Fixed Income Funds
160,630,188
1,562,957
(9,485,548
)
2,074,459
(455,126
)
1,990,773
154,326,930
International and Global Equity Funds–10.34%
Invesco EQV Emerging Markets All Cap
Fund, Class R6
0.73
%
2,074,007
—
(226,921
)
26,630
13,911
—
57,080
1,887,627
Invesco Developing Markets Fund, Class R6
0.61
%
1,661,925
—
(121,494
)
55,303
(10,172
)
—
40,666
1,585,562
Invesco Global Fund, Class R6
3.50
%
9,649,575
338,143
(416,507
)
(503,801
)
5,723
—
99,552
9,073,133
Invesco Global Infrastructure Fund,
Class R6
—
2,602,528
283,720
(2,660,312
)
(281,189
)
331,982
6,991
—
—
Invesco International Developed Dynamic
Multifactor ETF
1.41
%
3,491,993
—
—
168,055
—
23,556
148,722
3,660,048
Invesco International Small-Mid Company
Fund, Class R6
1.87
%
4,910,254
—
(193,372
)
195,732
(53,985
)
—
130,223
4,858,629
Invesco Oppenheimer International Growth
Fund, Class R6
0.64
%
1,646,400
—
—
12,013
—
—
52,233
1,658,413
Invesco RAFI Developed Markets ex-U.S. ETF
1.58
%
4,175,432
—
(457,140
)
333,725
36,790
36,438
78,646
4,088,807
Total International and Global Equity
Funds
30,212,114
621,863
(4,075,746
)
6,468
324,249
66,985
26,812,219
Money Market Funds–0.51%
Invesco Government & Agency Portfolio,
Institutional Class, 4.29%(b)
0.18
%
788,387
5,854,859
(6,182,552
)
—
—
6,773
460,694
460,694
Invesco Treasury Portfolio, Institutional
Class, 4.25%(b)
0.33
%
1,456,644
10,873,310
(11,479,256
)
—
—
12,403
850,699
850,698
Total Money Market Funds
2,245,031
16,728,169
(17,661,808
)
—
—
19,176
1,311,392
TOTAL INVESTMENTS IN AFFILIATED
ISSUERS (excluding investments
purchased with cash collateral from
securities on loan)
(Cost $252,481,184)
100.05
%
270,863,896
45,498,343
(55,177,315
)
(5,079,508
)
3,628,522
2,301,442
259,457,209
See accompanying notes which are an integral part of this schedule.
Invesco Select Risk: Moderately Conservative Investor Fund
Invesco Select Risk: Moderately Conservative Investor Fund (continued)
Schedule of Investments in Affiliated Issuers–100.05%(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
 
Investments Purchased with
Cash Collateral from
Securities on Loan
 
 
 
 
 
 
 
 
 
Money Market Funds–0.00%
Invesco Private Government Fund,
4.34%(b)(c)
—
$—
$6,912,976
$(6,912,976
)
$—
$—
$3,018
(d)
—
$—
Invesco Private Prime Fund, 4.46%(b)(c)
—
—
21,244,624
(21,244,624
)
—
—
9,385
(d)
—
—
Total Investments Purchased with Cash
Collateral from Securities on Loan
(Cost $0)
0.00
%
—
28,157,600
(28,157,600
)
—
—
12,403
—
TOTAL INVESTMENTS IN AFFILIATED ISSUERS
(Cost $252,481,184) 
100.05
%
$270,863,896
$73,655,943
$(83,334,915
)
$(5,079,508
)
$3,628,522
(e)
$2,313,845
$259,457,209
OTHER ASSETS LESS LIABILITIES
(0.05
)%
(135,492
)
NET ASSETS
100.00
%
$259,321,717
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)
The rate shown is the 7-day SEC standardized yield as of March 31, 2025.
(c)
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.
(d)
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.
(e)
Includes capital gains distributions from affiliated underlying funds as follows:
 
Fund Name
Capital Gain
Invesco Global Infrastructure Fund
$276,729
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: Moderately Conservative 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.
As of March 31, 2025, 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: Moderately Conservative Investor Fund