NPORT-EX 2 edgar.htm EDGAR HTML
Schedule of Investments  
March 31, 2025
(Unaudited) 
Invesco Select Risk: Conservative Investor Fund
Schedule of Investments in Affiliated Issuers–101.41%(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–1.98%
Invesco Global Real Estate Income Fund,
Class R6
1.98
%
$7,072,238
$65,586
$(138,978
)
$(26,660
)
$(5,071
)
$65,587
887,531
$6,967,115
Invesco Macro Allocation Strategy Fund,
Class R6
—
11,089,939
96,215
(11,279,587
)
1,774,312
(1,680,879
)
96,215
—
—
Total Alternative Funds
18,162,177
161,801
(11,418,565
)
1,747,652
(1,685,950
)
161,802
6,967,115
Domestic Equity Funds–13.18%
Invesco Discovery Mid Cap Growth Fund,
Class R6
1.18
%
4,517,536
290,428
(94,902
)
(552,223
)
1,360
—
137,821
4,162,199
Invesco Main Street Small Cap Fund,
Class R6
1.17
%
4,388,189
—
—
(259,284
)
—
—
196,428
4,128,905
Invesco NASDAQ 100 ETF
3.58
%
8,196,396
5,739,878
(535,862
)
(915,712
)
91,518
12,119
65,155
12,576,218
Invesco Russell 1000® Dynamic Multifactor
ETF
2.49
%
11,157,551
—
(2,319,283
)
(496,325
)
419,342
19,168
164,346
8,761,285
Invesco S&P 500 Revenue ETF
3.39
%
—
12,362,527
(188,609
)
(268,349
)
1,820
27,072
119,865
11,907,389
Invesco S&P 500® Pure Value ETF
—
7,039,898
—
(7,260,554
)
(2,033,126
)
2,253,782
—
—
—
Invesco S&P 500® Top 50 ETF
0.43
%
—
1,667,278
—
(174,803
)
—
2,967
32,431
1,492,475
Invesco Value Opportunities Fund, Class R6
0.94
%
3,689,281
—
(228,024
)
(164,223
)
7,788
—
158,809
3,304,822
Total Domestic Equity Funds
38,988,851
20,060,111
(10,627,234
)
(4,864,045
)
2,775,610
61,326
46,333,293
Fixed Income Funds–80.40%
Invesco Core Bond Fund, Class R6
35.43
%
125,150,817
1,436,661
(3,580,493
)
1,574,254
(13,625
)
1,436,661
21,924,603
124,567,614
Invesco Core Plus Bond Fund, Class R6
17.26
%
60,897,067
747,249
(1,603,439
)
1,084,201
(418,217
)
747,248
6,564,574
60,706,861
Invesco Emerging Markets Sovereign Debt
ETF
2.09
%
7,209,684
—
—
127,315
—
119,433
363,758
7,336,999
Invesco Equal Weight 0-30 Year Treasury
ETF
9.56
%
32,654,456
—
—
954,385
—
303,784
1,208,082
33,608,841
Invesco Floating Rate ESG Fund, Class R6
4.20
%
15,432,632
334,925
(699,509
)
(278,704
)
(11,585
)
334,925
2,239,122
14,777,759
Invesco High Yield Fund, Class R6
4.20
%
15,164,848
255,941
(535,233
)
(138,015
)
13,876
255,942
4,181,349
14,761,417
Invesco Variable Rate Investment Grade ETF
7.66
%
27,657,845
—
(668,273
)
(37,242
)
193
341,553
1,074,662
26,952,523
Total Fixed Income Funds
284,167,349
2,774,776
(7,086,947
)
3,286,194
(429,358
)
3,539,546
282,712,014
International and Global Equity Funds–4.60%
Invesco EQV Emerging Markets All Cap
Fund, Class R6
0.34
%
1,245,596
—
(84,311
)
20,946
838
—
35,775
1,183,069
Invesco Developing Markets Fund, Class R6
0.28
%
976,811
—
—
24,395
—
—
25,679
1,001,206
Invesco Global Fund, Class R6
1.47
%
5,925,438
—
(454,232
)
(281,798
)
(2,311
)
—
56,913
5,187,097
Invesco Global Infrastructure Fund,
Class R6
—
3,593,989
376,654
(3,674,001
)
(469,833
)
540,564
9,282
—
—
Invesco International Developed Dynamic
Multifactor ETF
0.60
%
2,016,556
—
—
97,049
—
13,603
85,884
2,113,605
Invesco International Small-Mid Company
Fund, Class R6
0.87
%
2,962,360
—
—
80,747
—
—
81,563
3,043,107
Invesco Oppenheimer International Growth
Fund, Class R6
0.28
%
969,434
—
—
7,074
—
—
30,756
976,508
Invesco RAFI Developed Markets ex-U.S. ETF
0.76
%
2,454,458
—
—
210,133
—
23,746
51,252
2,664,591
Total International and Global Equity
Funds
20,144,642
376,654
(4,212,544
)
(311,287
)
539,091
46,631
16,169,183
Money Market Funds–1.25%
Invesco Government & Agency Portfolio,
Institutional Class, 4.29%(b)
0.44
%
489,387
8,875,686
(7,822,188
)
—
—
9,660
1,542,884
1,542,885
Invesco Treasury Portfolio, Institutional
Class, 4.25%(b)
0.81
%
905,739
16,483,415
(14,526,920
)
—
—
17,760
2,862,234
2,862,234
Total Money Market Funds
1,395,126
25,359,101
(22,349,108
)
—
—
27,420
4,405,119
TOTAL INVESTMENTS IN AFFILIATED
ISSUERS (excluding investments
purchased with cash collateral from
securities on loan)
(Cost $365,045,373)
101.41
%
362,858,145
48,732,443
(55,694,398
)
(141,486
)
1,199,393
3,836,725
356,586,724
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–101.41%(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)
—
$—
$8,595,706
$(8,595,706
)
$—
$—
$4,792
(d)
—
$—
Invesco Private Prime Fund, 4.46%(b)(c)
—
—
22,087,944
(22,087,944
)
—
—
13,160
(d)
—
—
Total Investments Purchased with Cash
Collateral from Securities on Loan
(Cost $0)
0.00
%
—
30,683,650
(30,683,650
)
—
—
17,952
—
TOTAL INVESTMENTS IN AFFILIATED ISSUERS
(Cost $365,045,373) 
101.41
%
$362,858,145
$79,416,093
$(86,378,048
)
$(141,486
)
$1,199,393
(e)
$3,854,677
$356,586,724
OTHER ASSETS LESS LIABILITIES
(1.41
)%
(4,958,942
)
NET ASSETS
100.00
%
$351,627,782
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
$367,373
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, 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: Conservative Investor Fund