Schedule of Investments
March 31, 2022
(Unaudited)
Invesco Select Risk: Moderate Investor Fund | |||||||||
Schedule of Investments in Affiliated Issuers–99.99%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Alternative Funds–5.11% | |||||||||
Invesco Global Real Estate Income Fund, Class R6 | 1.85% | $41,350,560 | $214,521 | $(1,998,890) | $(1,943,007) | $97,264 | $214,520 | 3,937,416 | $37,720,448 |
Invesco Macro Allocation Strategy Fund, Class R6 | 3.26% | 72,960,020 | — | (2,288,953) | (3,952,896) | (295,621) | — | 8,271,800 | 66,422,550 |
Total Alternative Funds | 114,310,580 | 214,521 | (4,287,843) | (5,895,903) | (198,357) | 214,520 | 104,142,998 | ||
Domestic Equity Funds–32.97% | |||||||||
Invesco Discovery Mid Cap Growth Fund, Class R6 | 7.60% | 165,651,740 | 17,575,570 | — | (28,214,320) | — | — | 5,102,468 | 155,012,990 |
Invesco Main Street Small Cap Fund, Class R6 | 4.96% | 113,973,690 | — | (6,246,556) | (6,436,823) | (79,230) | — | 5,027,873 | 101,211,081 |
Invesco Russell 1000 Dynamic Multifactor ETF | 5.18% | 112,605,562 | 1,958,346 | (2,112,978) | (6,936,602) | 83,416 | 267,633 | 2,218,440 | 105,597,744 |
Invesco S&P 500® Low Volatility ETF | 5.13% | 113,061,748 | — | (5,643,497) | (3,717,885) | 912,065 | 527,111 | 1,559,285 | 104,612,431 |
Invesco S&P 500® Pure Growth ETF(b) | 4.17% | 89,902,502 | 6,602,547 | — | (11,341,397) | — | — | 463,400 | 85,163,652 |
Invesco S&P 500® Pure Value ETF | 2.08% | 46,639,395 | — | (6,924,757) | 1,897,489 | 746,851 | 121,464 | 494,559 | 42,358,978 |
Invesco S&P SmallCap Low Volatility ETF | 3.85% | 85,097,662 | — | (1,424,116) | (5,427,282) | 404,034 | 332,824 | 1,604,126 | 78,650,298 |
Total Domestic Equity Funds | 726,932,299 | 26,136,463 | (22,351,904) | (60,176,820) | 2,067,136 | 1,249,032 | 672,607,174 | ||
Fixed Income Funds–35.27% | |||||||||
Invesco 1-30 Laddered Treasury ETF | 5.55% | 124,532,500 | — | (1,877,697) | (9,447,159) | (38,959) | 406,692 | 3,352,153 | 113,168,685 |
Invesco Core Plus Bond Fund, Class R6 | 7.80% | 177,694,157 | 1,031,535 | (6,834,257) | (12,025,012) | (698,861) | 1,031,644 | 15,543,707 | 159,167,562 |
Invesco Fundamental High Yield® Corporate Bond ETF | 3.45% | 78,056,942 | — | (3,594,727) | (4,018,910) | (165,398) | 570,436 | 3,825,689 | 70,277,907 |
Invesco Income Fund, Class R6 | 1.97% | 45,076,036 | 352,867 | (3,683,464) | (1,752,993) | 104,076 | 352,867 | 5,296,766 | 40,096,522 |
Invesco International Bond Fund, Class R6 | 2.90% | 66,866,532 | 479,888 | (4,224,061) | (4,033,018) | (36,589) | 479,888 | 12,354,133 | 59,052,752 |
Invesco Master Loan Fund, Class R6 | 3.54% | 71,584,760 | 813,498 | — | (116,130) | — | 799,678 | 4,503,587 | 72,282,128 |
Invesco Taxable Municipal Bond ETF(b) | 7.09% | 164,825,511 | — | (3,840,630) | (15,974,318) | (304,009) | 1,049,053 | 4,877,201 | 144,706,554 |
Invesco Variable Rate Investment Grade ETF | 2.97% | 67,087,850 | — | (6,128,859) | (395,622) | 70,504 | 103,399 | 2,432,165 | 60,633,873 |
Total Fixed Income Funds | 795,724,288 | 2,677,788 | (30,183,695) | (47,763,162) | (1,069,236) | 4,793,657 | 719,385,983 | ||
Foreign Equity Funds–26.31% | |||||||||
Invesco EQV Emerging Markets All Cap Fund, Class R6 | 2.84% | 71,782,953 | — | (4,057,760) | (9,216,239) | (611,546) | — | 1,779,816 | 57,897,408 |
Invesco Developing Markets Fund, Class R6 | 3.58% | 89,028,299 | — | (2,346,219) | (13,133,975) | (547,817) | — | 1,842,046 | 73,000,288 |
Invesco Global Fund, Class R6 | 8.17% | 179,829,393 | 15,968,265 | — | (29,220,544) | — | — | 1,576,838 | 166,577,114 |
Invesco Global Infrastructure Fund, Class R6 | 1.08% | 23,575,413 | 75,013 | (1,932,460) | 94,807 | 184,498 | 75,013 | 1,672,796 | 21,997,271 |
Invesco International Select Equity Fund, Class R6 | 2.82% | 67,718,134 | — | — | (10,224,635) | — | — | 5,353,212 | 57,493,499 |
Invesco International Small-Mid Company Fund, Class R6 | 2.51% | 56,955,320 | 4,187,047 | — | (9,848,548) | — | — | 1,089,041 | 51,293,819 |
Invesco RAFI™ Strategic Developed ex-US ETF(b) | 1.50% | 32,601,550 | — | (1,940,474) | (105,020) | 31,111 | 281,890 | 1,011,815 | 30,587,167 |
Invesco S&P Emerging Markets Low Volatility ETF(b) | 1.78% | 39,987,733 | — | (5,283,024) | 1,258,274 | 419,321 | 222,055 | 1,408,529 | 36,382,304 |
Invesco S&P International Developed Low Volatility ETF | 2.03% | 45,865,401 | — | (3,262,116) | (1,414,818) | 285,934 | 314,321 | 1,331,869 | 41,474,401 |
Total Foreign Equity Funds | 607,344,196 | 20,230,325 | (18,822,053) | (71,810,698) | (238,499) | 893,279 | 536,703,271 | ||
Money Market Funds–0.33% | |||||||||
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(c) | 0.12% | 4,291,522 | 12,713,132 | (14,665,632) | — | — | 110 | 2,339,022 | 2,339,022 |
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–99.99%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Money Market Funds–(continued) | |||||||||
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(c) | 0.08% | $2,912,289 | $9,080,808 | $(10,331,597) | $— | $(875) | $154 | 1,661,123 | $1,660,625 |
Invesco Treasury Portfolio, Institutional Class, 0.16%(c) | 0.13% | 4,904,596 | 14,529,293 | (16,760,722) | — | — | 171 | 2,673,167 | 2,673,167 |
Total Money Market Funds | 12,108,407 | 36,323,233 | (41,757,951) | — | (875) | 435 | 6,672,814 | ||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan) (Cost $1,880,658,171) | 99.99% | 2,256,419,770 | 85,582,330 | (117,403,446) | (185,646,583) | 560,169 | 7,150,923 | 2,039,512,240 | |
Investments Purchased with Cash Collateral from Securities on Loan | |||||||||
Money Market Funds–1.04% | |||||||||
Invesco Private Government Fund, 0.31%(c)(d) | 0.31% | — | 33,217,601 | (26,827,862) | — | — | 1,735(e) | 6,389,739 | 6,389,739 |
Invesco Private Prime Fund, 0.34%(c)(d) | 0.73% | — | 74,445,596 | (59,533,131) | 539 | (3,614) | 4,655(e) | 14,910,881 | 14,909,390 |
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $21,298,590) | 1.04% | — | 107,663,197 | (86,360,993) | 539 | (3,614) | 6,390 | 21,299,129 | |
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $1,901,956,761) | 101.03% | $2,256,419,770 | $193,245,527 | $(203,764,439) | $(185,646,044) | $556,555 | $7,157,313 | $2,060,811,369 | |
OTHER ASSETS LESS LIABILITIES | (1.03)% | (21,016,031) | |||||||
NET ASSETS | 100.00% | $2,039,795,338 |
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, 2022. |
(c) | The rate shown is the 7-day SEC standardized yield as of March 31, 2022. |
(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. |
Open Futures Contracts(a) | |||||
Long Futures Contracts | Number of Contracts | Expiration Month | Notional Value | Value | Unrealized Appreciation (Depreciation) |
Equity Risk | |||||
E-Mini S&P 500 Index | 45 | June-2022 | $10,194,188 | $595,258 | $595,258 |
MSCI Emerging Markets Index | 6 | June-2022 | 337,650 | 14,298 | 14,298 |
Nikkei 225 Index | 1 | June-2022 | 228,602 | 21,452 | 21,452 |
S&P/ASX 200 Index | 1 | June-2022 | 139,913 | 8,060 | 8,060 |
S&P/TSX 60 Index | 1 | June-2022 | 210,711 | 3,868 | 3,868 |
STOXX Europe 600 Index | 23 | June-2022 | 571,721 | 25,261 | 25,261 |
Subtotal | 668,197 | 668,197 |
See accompanying notes which are an integral part of this schedule.
Invesco Select Risk: Moderate Investor Fund
Open Futures Contracts(a)—(continued) | |||||
Long Futures Contracts | Number of Contracts | Expiration Month | Notional Value | Value | Unrealized Appreciation (Depreciation) |
Interest Rate Risk | |||||
Canada 10 Year Bonds | 69 | June-2022 | $7,206,047 | $(314,050) | $(314,050) |
EURO-BTP | 83 | June-2022 | 12,699,449 | (534,378) | (534,378) |
Euro-Bund | 49 | June-2022 | 8,600,362 | (428,771) | (428,771) |
EURO-OAT | 92 | June-2022 | 15,419,927 | (693,088) | (693,088) |
Japan 10 Year Bonds | 45 | June-2022 | 55,335,140 | (362,248) | (362,248) |
Long Gilt | 111 | June-2022 | 17,677,165 | (163,313) | (163,313) |
Subtotal | (2,495,848) | (2,495,848) | |||
Total Futures Contracts | $(1,827,651) | $(1,827,651) |
(a) | Futures contracts collateralized by $4,635,045 cash held with Merrill Lynch International, the futures commission merchant. |
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, 2022
(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 or are unreliable. 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.
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 the Fund’s own 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, 2022. 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 | $2,032,839,426 | $— | $— | $2,032,839,426 |
Money Market Funds | 6,672,814 | 21,299,129 | — | 27,971,943 |
Total Investments in Securities | 2,039,512,240 | 21,299,129 | — | 2,060,811,369 |
Other Investments - Assets* | ||||
Futures Contracts | 668,197 | — | — | 668,197 |
Other Investments - Liabilities* | ||||
Futures Contracts | (2,495,848) | — | — | (2,495,848) |
Total Other Investments | (1,827,651) | — | — | (1,827,651) |
Total Investments | $2,037,684,589 | $21,299,129 | $— | $2,058,983,718 |
* | Unrealized appreciation (depreciation). |
Invesco Select Risk: Moderate Investor Fund