Schedule of Investments
July 31, 2021
(Unaudited)
Principal Amount | Value | ||
Non-U.S. Dollar Denominated Bonds & Notes–53.67%(a) | |||
Australia–6.00% | |||
Australia Government Bond, | |||
Series 133, 5.50%, 04/21/2023(b) | AUD | 914,000 | $733,840 |
Series 142, 4.25%, 04/21/2026(b) | AUD | 1,335,000 | 1,150,613 |
Series 157, 1.50%, 06/21/2031(b) | AUD | 1,023,000 | 775,896 |
Series 162, 1.75%, 06/21/2051(b) | AUD | 34,000 | 23,354 |
2,683,703 | |||
Austria–0.27% | |||
Raiffeisen Bank International AG, 1.50%, 03/12/2030(b)(c) | EUR | 100,000 | 121,835 |
Belgium–0.19% | |||
Anheuser-Busch InBev S.A./N.V., 2.88%, 09/25/2024(b) | EUR | 65,000 | 84,687 |
Canada–4.16% | |||
Canadian Government Bond, | |||
0.25%, 11/01/2022 | CAD | 358,000 | 286,846 |
0.50%, 09/01/2025 | CAD | 1,174,000 | 931,996 |
0.50%, 12/01/2030 | CAD | 412,000 | 309,814 |
2.00%, 12/01/2051 | CAD | 249,000 | 210,820 |
Canadian Imperial Bank of Commerce, 0.38%, 05/03/2024(b) | EUR | 100,000 | 120,759 |
1,860,235 | |||
China–0.29% | |||
Bank of Communications Co. Ltd., 3.63%, 10/03/2026(b)(c) | EUR | 110,000 | 131,077 |
Finland–0.27% | |||
Transmission Finance DAC, 1.50%, 05/24/2023(b) | EUR | 100,000 | 122,208 |
France–5.41% | |||
Airbus Finance B.V., 2.38%, 04/02/2024(b) | EUR | 100,000 | 126,270 |
Banque Federative du Credit Mutuel S.A., 3.00%, 05/21/2024(b) | EUR | 100,000 | 129,086 |
Caisse Nationale de Reassurance Mutuelle Agricole Groupama, 6.38%(b)(c)(d) | EUR | 100,000 | 137,188 |
Danone S.A., 1.25%, 05/30/2024(b) | EUR | 100,000 | 124,002 |
Dassault Systemes SE, 0.13%, 09/16/2026(b) | EUR | 100,000 | 120,799 |
Engie Alliance GIE, 5.75%, 06/24/2023(b) | EUR | 50,000 | 65,962 |
French Republic Government Bond OAT, 0.01%, 11/25/2030(b) | EUR | 1,000,000 | 1,208,254 |
Principal Amount | Value | ||
France–(continued) | |||
Holding d’Infrastructures de Transport SASU, 1.63%, 09/18/2029(b) | EUR | 100,000 | $127,584 |
La Mondiale SAM, 5.05%(b)(c)(d) | EUR | 100,000 | 138,936 |
Societe Generale S.A., 1.25%, 02/15/2024(b) | EUR | 100,000 | 123,031 |
Thales S.A., 0.01%, 05/31/2022(b) | EUR | 100,000 | 119,041 |
2,420,153 | |||
Germany–7.36% | |||
Bayer AG, 3.13%, 11/12/2079(b)(c) | EUR | 100,000 | 124,478 |
BMW Finance N.V., 0.75%, 07/12/2024(b) | EUR | 50,000 | 61,213 |
Bundesobligation, Series 183, 0.01%, 04/10/2026(b) | EUR | 183,000 | 225,177 |
Bundesrepublik Deutschland Bundesanleihe, | |||
0.01%, 08/15/2030(b) | EUR | 1,006,434 | 1,253,821 |
0.01%, 08/15/2050(b) | EUR | 352,371 | 415,427 |
Commerzbank AG, 0.63%, 08/28/2024(b) | EUR | 70,000 | 85,167 |
Daimler AG, 0.01%, 02/08/2024(b) | EUR | 38,000 | 45,445 |
Daimler International Finance B.V., 0.25%, 11/06/2023(b) | EUR | 101,000 | 121,183 |
Deutsche Telekom International Finance B.V., | |||
2.75%, 10/24/2024(b) | EUR | 50,000 | 65,236 |
0.63%, 12/13/2024(b) | EUR | 80,000 | 97,767 |
E.ON International Finance B.V., 5.53%, 02/21/2023 | EUR | 50,000 | 64,735 |
E.ON SE, 0.88%, 05/22/2024(b) | EUR | 75,000 | 91,699 |
Grenke Finance PLC, 1.50%, 10/05/2023(b) | EUR | 60,000 | 70,576 |
Merck Financial Services GmbH, 0.13%, 07/16/2025(b) | EUR | 100,000 | 120,607 |
Volkswagen Bank GmbH, 1.25%, 06/10/2024(b) | EUR | 100,000 | 123,406 |
Volkswagen Financial Services AG, 1.50%, 10/01/2024(b) | EUR | 60,000 | 74,841 |
Vonovia Finance B.V., 1.25%, 12/06/2024(b) | EUR | 100,000 | 124,554 |
Wintershall Dea Finance B.V., 1.82%, 09/25/2031(b) | EUR | 100,000 | 127,342 |
3,292,674 | |||
Indonesia–0.42% | |||
Indonesia Treasury Bond, 6.50%, 06/15/2025 | IDR | 2,546,000,000 | 186,164 |
Italy–1.12% | |||
2i Rete Gas S.p.A., 1.61%, 10/31/2027(b) | EUR | 100,000 | 128,643 |
Enel Finance International N.V., 1.00%, 09/16/2024(b) | EUR | 100,000 | 123,368 |
Eni S.p.A., 1.00%, 10/11/2034(b) | EUR | 100,000 | 126,152 |
See accompanying notes which are an integral part of this schedule.
Invesco World Bond Factor Fund
Principal Amount | Value | ||
Italy–(continued) | |||
FCA Bank S.p.A., 0.63%, 11/24/2022(b) | EUR | 103,000 | $123,501 |
501,664 | |||
Japan–10.03% | |||
Japan Government Bond, | |||
Series 146, 0.10%, 12/20/2025 | JPY | 153,300,000 | 1,412,184 |
Series 361, 0.10%, 12/20/2030 | JPY | 149,800,000 | 1,379,998 |
Series 420, 0.10%, 01/01/2023 | JPY | 81,300,000 | 743,613 |
Series 69, 0.70%, 12/20/2050 | JPY | 102,250,000 | 950,680 |
4,486,475 | |||
Malaysia–0.12% | |||
Malaysia Government Bond, Series 120, 4.07%, 06/15/2050 | MYR | 222,000 | 51,553 |
Mexico–0.70% | |||
Mexican Bonos, Series M 20, 10.00%, 12/05/2024 | MXN | 5,600,000 | 313,376 |
Netherlands–0.47% | |||
Cooperatieve Rabobank U.A., 1.25%, 03/23/2026(b) | EUR | 120,000 | 152,692 |
Heineken N.V., 3.50%, 03/19/2024(b) | EUR | 45,000 | 58,690 |
211,382 | |||
New Zealand–0.39% | |||
New Zealand Government Bond, 1.50%, 05/15/2031 | NZD | 254,000 | 176,589 |
Norway–2.20% | |||
Norway Government Bond, | |||
Series 475, 2.00%, 05/24/2023(b) | NOK | 30,000 | 3,486 |
Series 478, 1.50%, 02/19/2026(b) | NOK | 5,681,000 | 659,618 |
Series 483, 1.25%, 09/17/2031(b) | NOK | 2,804,000 | 319,541 |
982,645 | |||
Poland–0.49% | |||
Republic of Poland Government Bond, Series 725, 3.25%, 07/25/2025 | PLN | 775,000 | 220,116 |
Romania–0.28% | |||
NE Property B.V., 1.88%, 10/09/2026(b) | EUR | 100,000 | 123,747 |
Russia–0.34% | |||
Russian Federal Bond - OFZ, Series 6221, 7.70%, 03/23/2033 | RUB | 10,543,000 | 154,160 |
Principal Amount | Value | ||
South Korea–0.81% | |||
Korea Treasury Bond, | |||
Series 2512, 2.25%, 12/10/2025 | KRW | 176,130,000 | $157,144 |
Series 3012, 1.50%, 12/10/2030 | KRW | 112,340,000 | 94,571 |
Series 5003, 1.50%, 03/10/2050 | KRW | 140,830,000 | 110,261 |
361,976 | |||
Spain–0.84% | |||
Banco Bilbao Vizcaya Argentaria S.A., 0.38%, 10/02/2024(b) | EUR | 100,000 | 120,796 |
Banco Santander S.A., 3.25%, 04/04/2026(b) | EUR | 100,000 | 134,526 |
Santander Consumer Finance S.A., 0.38%, 01/17/2025(b) | EUR | 100,000 | 120,648 |
375,970 | |||
Sweden–0.92% | |||
Balder Finland OYJ, 1.00%, 01/20/2029(b) | EUR | 100,000 | 119,381 |
Svenska Handelsbanken AB, 1.13%, 12/14/2022(b) | EUR | 106,000 | 128,618 |
Swedbank AB, 0.75%, 05/05/2025(b) | EUR | 100,000 | 123,150 |
Sweden Government Bond, Series 1058, 2.50%, 05/12/2025 | SEK | 325,000 | 41,756 |
412,905 | |||
Switzerland–1.74% | |||
Swiss Confederation Government Bond, | |||
1.25%, 05/28/2026(b) | CHF | 346,000 | 418,624 |
2.25%, 06/22/2031(b) | CHF | 233,000 | 325,837 |
4.00%, 01/06/2049(b) | CHF | 14,000 | 33,553 |
778,014 | |||
Thailand–0.12% | |||
Thailand Government Bond, 1.88%, 06/17/2049 | THB | 1,949,000 | 52,122 |
United Kingdom–6.17% | |||
BAT International Finance PLC, 2.25%, 01/16/2030(b) | EUR | 100,000 | 130,005 |
BP Capital Markets PLC, 0.90%, 07/03/2024(b) | EUR | 100,000 | 122,880 |
CNH Industrial Finance Europe S.A., 1.63%, 07/03/2029(b) | EUR | 100,000 | 128,563 |
Informa PLC, 1.50%, 07/05/2023(b) | EUR | 100,000 | 122,217 |
Lloyds Banking Group PLC, 0.50%, 11/12/2025(b)(c) | EUR | 100,000 | 121,014 |
NatWest Markets PLC, 1.00%, 05/28/2024(b) | EUR | 100,000 | 122,860 |
Royal Mail PLC, 1.25%, 10/08/2026(b) | EUR | 100,000 | 125,575 |
United Kingdom Gilt, | |||
1.75%, 09/07/2022(b) | GBP | 126,554 | 179,225 |
0.63%, 06/07/2025(b) | GBP | 283,769 | 401,056 |
0.13%, 01/30/2026(b) | GBP | 522,594 | 722,011 |
0.63%, 10/22/2050(b) | GBP | 465,442 | 586,661 |
2,762,067 |
See accompanying notes which are an integral part of this schedule.
Invesco World Bond Factor Fund
Principal Amount | Value | |||
United States–2.56% | ||||
Abbott Ireland Financing DAC, 0.88%, 09/27/2023(b) | EUR | 100,000 | $121,838 | |
Altria Group, Inc., 3.13%, 06/15/2031 | EUR | 100,000 | 139,926 | |
American Honda Finance Corp., 0.35%, 08/26/2022 | EUR | 101,000 | 120,820 | |
Apple, Inc., 0.88%, 05/24/2025 | EUR | 100,000 | 123,943 | |
AT&T, Inc., 2.40%, 03/15/2024 | EUR | 116,000 | 146,296 | |
Goldman Sachs Group, Inc. (The), | ||||
0.13%, 08/19/2024(b) | EUR | 60,000 | 71,762 | |
0.25%, 01/26/2028(b) | EUR | 47,000 | 55,618 | |
Johnson & Johnson, 0.65%, 05/20/2024 | EUR | 100,000 | 122,130 | |
Toyota Motor Credit Corp., 0.25%, 07/16/2026(b) | EUR | 100,000 | 121,278 | |
Wells Fargo & Co., 0.50%, 04/26/2024(b) | EUR | 100,000 | 120,975 | |
1,144,586 | ||||
Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $23,990,814) | 24,012,083 | |||
U.S. Dollar Denominated Bonds & Notes–22.36% | ||||
Australia–0.15% | ||||
Westpac Banking Corp., 2.35%, 02/19/2025 | $65,000 | 68,652 | ||
Canada–0.37% | ||||
Brookfield Finance, Inc., 4.85%, 03/29/2029 | 90,000 | 108,213 | ||
Magna International, Inc., 3.63%, 06/15/2024 | 52,000 | 56,215 | ||
164,428 | ||||
France–0.25% | ||||
Sanofi, 3.38%, 06/19/2023 | 105,000 | 110,902 | ||
Japan–0.20% | ||||
ORIX Corp., 2.90%, 07/18/2022 | 86,000 | 88,165 | ||
Mexico–0.44% | ||||
America Movil S.A.B. de C.V., | ||||
6.38%, 03/01/2035 | 35,000 | 50,585 | ||
6.13%, 03/30/2040 | 100,000 | 144,534 | ||
195,119 | ||||
Netherlands–0.36% | ||||
Cooperatieve Rabobank U.A., 5.25%, 05/24/2041 | 85,000 | 119,899 | ||
Koninklijke KPN N.V., 8.38%, 10/01/2030 | 30,000 | 43,176 | ||
163,075 | ||||
United Kingdom–2.35% | ||||
Barclays PLC, 4.84%, 05/09/2028 | 200,000 | 227,088 | ||
BAT Capital Corp., | ||||
4.54%, 08/15/2047 | 60,000 | 64,968 | ||
5.28%, 04/02/2050 | 75,000 | 88,952 | ||
BP Capital Markets PLC, 2.75%, 05/10/2023 | 46,000 | 47,962 |
Principal Amount | Value | |||
United Kingdom–(continued) | ||||
British Airways Pass-Through Trust, Series 2019-1, Class A, 3.35%, 06/15/2029(b) | $53,739 | $54,074 | ||
CNH Industrial N.V., 3.85%, 11/15/2027 | 24,000 | 26,950 | ||
HSBC Holdings PLC, | ||||
4.58%, 06/19/2029(c) | 200,000 | 232,985 | ||
6.10%, 01/14/2042 | 48,000 | 70,622 | ||
Mead Johnson Nutrition Co., 4.13%, 11/15/2025 | 95,000 | 107,327 | ||
Reynolds American, Inc., 5.70%, 08/15/2035 | 18,000 | 22,297 | ||
United Utilities PLC, 6.88%, 08/15/2028 | 84,000 | 109,998 | ||
1,053,223 | ||||
United States–18.24% | ||||
Adventist Health System/West, 2.95%, 03/01/2029 | 40,000 | 42,785 | ||
Aircastle Ltd., 4.40%, 09/25/2023 | 55,000 | 58,861 | ||
Allied World Assurance Co. Holdings Ltd., 4.35%, 10/29/2025 | 32,000 | 35,296 | ||
Altria Group, Inc., | ||||
4.80%, 02/14/2029 | 74,000 | 86,694 | ||
5.95%, 02/14/2049 | 10,000 | 13,059 | ||
American Express Co., | ||||
2.50%, 07/30/2024 | 90,000 | 95,091 | ||
3.00%, 10/30/2024 | 50,000 | 53,607 | ||
American Honda Finance Corp., 2.15%, 09/10/2024 | 65,000 | 68,005 | ||
American International Group, Inc., 4.13%, 02/15/2024 | 55,000 | 59,850 | ||
American Water Capital Corp., 6.59%, 10/15/2037 | 14,000 | 21,305 | ||
Ameriprise Financial, Inc., 4.00%, 10/15/2023 | 44,000 | 47,443 | ||
AmerisourceBergen Corp., 3.40%, 05/15/2024 | 50,000 | 53,302 | ||
Appalachian Power Co., 7.00%, 04/01/2038 | 25,000 | 38,274 | ||
Apple, Inc., 4.45%, 05/06/2044 | 35,000 | 46,310 | ||
Ares Capital Corp., 4.20%, 06/10/2024 | 47,000 | 50,689 | ||
Baker Hughes, a GE Co. LLC/Baker Hughes Co-Obligor, Inc., | ||||
2.77%, 12/15/2022 | 28,000 | 28,893 | ||
4.08%, 12/15/2047 | 75,000 | 86,649 | ||
Bank of America Corp., | ||||
4.20%, 08/26/2024 | 188,000 | 206,195 | ||
4.00%, 01/22/2025 | 30,000 | 32,935 | ||
Baxter International, Inc., 2.60%, 08/15/2026 | 103,000 | 110,309 | ||
BGC Partners, Inc., 3.75%, 10/01/2024 | 36,000 | 38,360 | ||
Boeing Co. (The), | ||||
2.25%, 06/15/2026 | 100,000 | 103,192 | ||
2.70%, 02/01/2027 | 29,000 | 30,143 | ||
6.63%, 02/15/2038 | 92,000 | 125,827 | ||
Booking Holdings, Inc., 4.63%, 04/13/2030 | 65,000 | 78,262 |
See accompanying notes which are an integral part of this schedule.
Invesco World Bond Factor Fund
Principal Amount | Value | ||
United States–(continued) | |||
California Institute of Technology, 4.70%, 11/01/2111 | $22,000 | $33,049 | |
Capital One Financial Corp., 3.20%, 02/05/2025 | 75,000 | 80,889 | |
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 5.05%, 03/30/2029 | 59,000 | 70,466 | |
Chevron USA, Inc., 5.25%, 11/15/2043 | 65,000 | 90,586 | |
Cigna Corp., 4.50%, 02/25/2026 | 55,000 | 62,881 | |
Citigroup, Inc., 3.75%, 06/16/2024 | 45,000 | 48,865 | |
Comcast Corp., 3.70%, 04/15/2024 | 87,000 | 94,316 | |
CommonSpirit Health, | |||
2.76%, 10/01/2024 | 65,000 | 68,523 | |
1.55%, 10/01/2025 | 82,000 | 83,249 | |
Constellation Brands, Inc., 4.25%, 05/01/2023 | 25,000 | 26,604 | |
Corning, Inc., 5.85%, 11/15/2068 | 13,000 | 19,447 | |
Cummins, Inc., 4.88%, 10/01/2043 | 55,000 | 74,015 | |
Dell International LLC/EMC Corp., 6.02%, 06/15/2026 | 75,000 | 90,328 | |
Dignity Health, 5.27%, 11/01/2064 | 25,000 | 35,689 | |
Discovery Communications LLC, 3.95%, 06/15/2025 | 150,000 | 165,449 | |
Duke Energy Corp., 3.75%, 04/15/2024 | 71,000 | 76,501 | |
Eaton Vance Corp., 3.63%, 06/15/2023 | 52,000 | 54,945 | |
Eli Lilly and Co., 5.50%, 03/15/2027 | 75,000 | 93,208 | |
Exelon Generation Co. LLC, 6.25%, 10/01/2039 | 60,000 | 75,608 | |
Expedia Group, Inc., 4.63%, 08/01/2027 | 16,000 | 18,271 | |
Exxon Mobil Corp., 3.18%, 03/15/2024 | 52,000 | 55,467 | |
Federal Realty Investment Trust, 3.95%, 01/15/2024 | 45,000 | 48,454 | |
FedEx Corp., 4.75%, 11/15/2045 | 107,000 | 136,449 | |
Fifth Third Bancorp, 2.38%, 01/28/2025 | 50,000 | 52,569 | |
FS KKR Capital Corp., 4.63%, 07/15/2024 | 25,000 | 26,949 | |
General Electric Co., | |||
6.15%, 08/07/2037 | 75,000 | 105,122 | |
Series A, 6.88%, 01/10/2039 | 50,000 | 76,247 | |
General Motors Co., 6.75%, 04/01/2046 | 93,000 | 135,950 | |
Gilead Sciences, Inc., 3.70%, 04/01/2024 | 84,000 | 90,334 | |
Goldman Sachs Group, Inc. (The), 4.00%, 03/03/2024 | 186,000 | 201,641 |
Principal Amount | Value | ||
United States–(continued) | |||
Harley-Davidson, Inc., 4.63%, 07/28/2045 | $26,000 | $28,835 | |
Hasbro, Inc., 6.35%, 03/15/2040 | 50,000 | 71,307 | |
HCA, Inc., 5.25%, 06/15/2026 | 100,000 | 116,573 | |
Hewlett Packard Enterprise Co., 6.35%, 10/15/2045 | 30,000 | 41,626 | |
Hexcel Corp., 4.20%, 02/15/2027 | 70,000 | 75,985 | |
HP, Inc., 6.00%, 09/15/2041 | 31,000 | 40,756 | |
Intel Corp., 2.88%, 05/11/2024 | 50,000 | 53,142 | |
International Business Machines Corp., 7.13%, 12/01/2096 | 43,000 | 80,400 | |
Interpublic Group of Cos., Inc. (The), 4.75%, 03/30/2030 | 40,000 | 48,242 | |
IPALCO Enterprises, Inc., 4.25%, 05/01/2030 | 68,000 | 77,568 | |
JPMorgan Chase & Co., 3.88%, 09/10/2024 | 115,000 | 125,254 | |
KLA Corp., 4.65%, 11/01/2024 | 47,000 | 52,528 | |
Kohl’s Corp., 5.55%, 07/17/2045 | 68,000 | 82,353 | |
Loews Corp., 4.13%, 05/15/2043 | 60,000 | 73,204 | |
Marriott International, Inc., Series EE, 5.75%, 05/01/2025 | 9,000 | 10,391 | |
MetLife, Inc., Series D, 4.37%, 09/15/2023 | 76,000 | 82,281 | |
Microsoft Corp., | |||
2.88%, 02/06/2024 | 71,000 | 75,256 | |
3.13%, 11/03/2025 | 100,000 | 109,616 | |
3.95%, 08/08/2056 | 21,000 | 27,560 | |
Morgan Stanley, | |||
3.70%, 10/23/2024 | 85,000 | 92,876 | |
6.38%, 07/24/2042 | 35,000 | 54,350 | |
NextEra Energy Capital Holdings, Inc., 3.15%, 04/01/2024 | 70,000 | 74,601 | |
Nordstrom, Inc., 5.00%, 01/15/2044 | 88,000 | 87,843 | |
Omega Healthcare Investors, Inc., 3.38%, 02/01/2031 | 110,000 | 114,614 | |
Oracle Corp., | |||
3.63%, 07/15/2023 | 50,000 | 53,022 | |
2.50%, 04/01/2025 | 85,000 | 89,520 | |
Parker-Hannifin Corp., 3.30%, 11/21/2024 | 55,000 | 59,149 | |
Patterson-UTI Energy, Inc., 5.15%, 11/15/2029 | 99,000 | 102,557 | |
Philip Morris International, Inc., | |||
2.50%, 08/22/2022 | 125,000 | 128,035 | |
6.38%, 05/16/2038 | 30,000 | 43,696 | |
PNC Financial Services Group, Inc. (The), 3.90%, 04/29/2024 | 50,000 | 54,332 | |
PSEG Power LLC, 8.63%, 04/15/2031 | 100,000 | 157,129 | |
QUALCOMM, Inc., 2.90%, 05/20/2024 | 50,000 | 53,192 | |
Ralph Lauren Corp., 2.95%, 06/15/2030 | 44,000 | 47,547 |
See accompanying notes which are an integral part of this schedule.
Invesco World Bond Factor Fund
Principal Amount | Value | |||
United States–(continued) | ||||
Rockwell Collins, Inc., 3.20%, 03/15/2024 | $51,000 | $54,363 | ||
San Diego Gas & Electric Co., 6.00%, 06/01/2039 | 50,000 | 72,048 | ||
Seagate HDD Cayman, 4.75%, 01/01/2025 | 50,000 | 55,250 | ||
Sempra Energy, 3.75%, 11/15/2025 | 30,000 | 33,023 | ||
Simon Property Group L.P., 6.75%, 02/01/2040 | 38,000 | 57,906 | ||
Southern California Edison Co., | ||||
6.65%, 04/01/2029 | 75,000 | 94,424 | ||
6.00%, 01/15/2034 | 47,000 | 62,807 | ||
Series 2004-G, 5.75%, 04/01/2035 | 30,000 | 39,935 | ||
Southwest Airlines Co., 3.00%, 11/15/2026 | 100,000 | 107,840 | ||
Spectra Energy Partners L.P., 4.75%, 03/15/2024 | 63,000 | 69,084 | ||
Spirit Realty L.P., 3.20%, 02/15/2031 | 30,000 | 32,024 | ||
Starbucks Corp., 3.85%, 10/01/2023 | 22,000 | 23,415 | ||
Swiss Re America Holding Corp., 7.00%, 02/15/2026 | 47,000 | 59,038 | ||
Sysco Corp., 6.60%, 04/01/2050 | 46,000 | 73,545 | ||
Time Warner Cable LLC, 7.30%, 07/01/2038 | 30,000 | 44,130 | ||
Time Warner Entertainment Co. L.P., 8.38%, 03/15/2023 | 35,000 | 39,369 | ||
Truist Financial Corp., 2.50%, 08/01/2024 | 60,000 | 63,383 | ||
Tyco Electronics Group S.A., 3.45%, 08/01/2024 | 60,000 | 64,333 | ||
Union Electric Co., 8.45%, 03/15/2039 | 48,000 | 83,226 | ||
United Parcel Service, Inc., 2.20%, 09/01/2024 | 55,000 | 57,749 | ||
US Airways Pass-Through Trust, Series 2013-1A, Class PTT, 3.95%, 11/15/2025 | 38,173 | 38,643 | ||
ViacomCBS, Inc., 7.88%, 07/30/2030 | 35,000 | 50,376 | ||
Wachovia Corp., 7.57%, 08/01/2016(e) | 82,000 | 105,223 | ||
Walmart, Inc., 3.30%, 04/22/2024 | 27,000 | 28,927 | ||
Walt Disney Co. (The), 1.65%, 09/01/2022 | 54,000 | 54,858 | ||
Waste Management, Inc., 3.13%, 03/01/2025 | 50,000 | 53,883 | ||
Wells Fargo & Co., | ||||
4.10%, 06/03/2026 | 76,000 | 85,673 | ||
5.38%, 02/07/2035 | 90,000 | 123,827 | ||
Xilinx, Inc., 2.95%, 06/01/2024 | 40,000 | 42,403 | ||
8,159,452 | ||||
Total U.S. Dollar Denominated Bonds & Notes (Cost $9,666,434) | 10,003,016 |
Principal Amount | Value | |||
U.S. Treasury Securities–11.19% | ||||
U.S. Treasury Bills–0.20% | ||||
0.04%, 11/18/2021(f)(g) | $91,988 | $91,988 | ||
U.S. Treasury Bonds–2.63% | ||||
1.63%, 11/15/2050 | 1,189,828 | 1,177,918 | ||
U.S. Treasury Notes–8.36% | ||||
0.13%, 12/31/2022 | 2,543,503 | 2,544,298 | ||
0.38%, 12/31/2025 | 849,568 | 844,170 | ||
1.13%, 02/15/2031 | 350,628 | 349,994 | ||
3,738,462 | ||||
Total U.S. Treasury Securities (Cost $5,025,515) | 5,008,368 | |||
U.S. Government Sponsored Agency Mortgage-Backed Securities–9.43% | ||||
Federal Home Loan Mortgage Corp., | ||||
2.50%, 07/01/2035 - 08/01/2050 | 736,532 | 777,039 | ||
4.50%, 09/01/2049 - 01/01/2050 | 71,039 | 76,599 | ||
3.00%, 01/01/2050 - 10/01/2050 | 414,699 | 443,347 | ||
2.00%, 01/01/2051 | 431,565 | 440,513 | ||
Federal National Mortgage Association, | ||||
4.50%, 06/01/2049 | 28,424 | 30,569 | ||
3.00%, 10/01/2049 - 08/01/2050 | 452,950 | 478,406 | ||
2.50%, 01/01/2050 - 08/01/2050 | 493,721 | 522,246 | ||
2.00%, 03/01/2051 | 195,296 | 199,349 | ||
Freddie Mac Multifamily Structured Pass-Through Ctfs., Series K038, Class X1, IO, 1.11%, 03/25/2024(h) | 1,494,576 | 36,215 | ||
Uniform Mortgage-Backed Securities, | ||||
TBA, 2.00%, 09/01/2036 - 09/01/2051(i) | 595,000 | 613,359 | ||
2.50%, 09/01/2051(i) | 579,000 | 601,911 | ||
Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $4,211,840) | 4,219,553 | |||
Shares | ||||
Exchange-Traded Funds–1.01% | ||||
United States–1.01% | ||||
Invesco High Yield Bond Factor ETF(j) (Cost $446,307) | 17,500 | 450,362 | ||
Money Market Funds–3.96% | ||||
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(j)(k) | 643,143 | 643,143 | ||
Invesco Liquid Assets Portfolio, Institutional Class, 0.01%(j)(k) | 392,380 | 392,537 | ||
Invesco Treasury Portfolio, Institutional Class, 0.01%(j)(k) | 735,021 | 735,021 | ||
Total Money Market Funds (Cost $1,770,701) | 1,770,701 | |||
TOTAL INVESTMENTS IN SECURITIES—101.62% (Cost $45,111,611) | 45,464,083 | |||
OTHER ASSETS LESS LIABILITIES–(1.62)% | (723,988) | |||
NET ASSETS–100.00% | $44,740,095 |
See accompanying notes which are an integral part of this schedule.
Invesco World Bond Factor Fund
Investment Abbreviations:
AUD | – Australian Dollar |
CAD | – Canadian Dollar |
CHF | – Swiss Franc |
Ctfs. | – Certificates |
ETF | – Exchange-Traded Fund |
EUR | – Euro |
GBP | – British Pound Sterling |
IDR | – Indonesian Rupiah |
IO | – Interest Only |
JPY | – Japanese Yen |
KRW | – South Korean Won |
MXN | – Mexican Peso |
MYR | – Malaysian Ringgit |
NOK | – Norwegian Krone |
NZD | – New Zealand Dollar |
PLN | – Polish Zloty |
RUB | – Russian Ruble |
SEK | – Swedish Krona |
TBA | – To Be Announced |
THB | – Thai Baht |
Notes to Schedule of Investments:
(a) | Foreign denominated security. Principal amount is denominated in the currency indicated. |
(b) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at July 31, 2021 was $15,564,544, which represented 34.79% of the Fund’s Net Assets. |
(c) | Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate. |
(d) | Perpetual bond with no specified maturity date. |
(e) | Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date. |
(f) | All or a portion of the value was pledged as collateral to cover margin requirements for open futures contracts. |
(g) | Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund. |
(h) | Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security. Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on July 31, 2021. |
(i) | Security purchased on a forward commitment basis. This security is subject to dollar roll transactions. |
(j) | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended July 31, 2021. |
Value October 31, 2020 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation | Realized Gain (Loss) | Value July 31, 2021 | Dividend Income | |
Invesco High Yield Bond Factor ETF | $- | $446,307 | $- | $4,055 | $- | $450,362 | $8,237 |
Investments in Affiliated Money Market Funds: | |||||||
Invesco Government & Agency Portfolio, Institutional Class | 1,625,443 | 5,074,825 | (6,057,125) | - | - | 643,143 | 134 |
Invesco Liquid Assets Portfolio, Institutional Class | 1,023,375 | 3,420,654 | (4,051,494) | 72 | (70) | 392,537 | 147 |
Invesco Treasury Portfolio, Institutional Class | 1,857,649 | 5,799,800 | (6,922,428) | - | - | 735,021 | 63 |
Total | $4,506,467 | $14,741,586 | $(17,031,047) | $4,127 | $(70) | $2,221,063 | $8,581 |
(k) | The rate shown is the 7-day SEC standardized yield as of July 31, 2021. |
Open Futures Contracts | |||||
Long Futures Contracts | Number of Contracts | Expiration Month | Notional Value | Value | Unrealized Appreciation (Depreciation) |
Interest Rate Risk | |||||
Canada 10 Year Bonds | 3 | September-2021 | $355,907 | $10,093 | $10,093 |
Euro-Bund | 1 | September-2021 | 209,456 | 5,823 | 5,823 |
Euro-Buxl 30 Year Bonds | 3 | September-2021 | 765,273 | 54,729 | 54,729 |
Euro-Schatz | 2 | September-2021 | 266,562 | 459 | 459 |
Japan 10 Year Bonds | 1 | September-2021 | 1,388,269 | 5,739 | 5,739 |
Long Gilt | 6 | September-2021 | 1,082,449 | 23,091 | 23,091 |
U.S. Treasury 10 Year Ultra Notes | 7 | September-2021 | 1,051,750 | 39,306 | 39,306 |
Subtotal—Long Futures Contracts | 139,240 | 139,240 |
See accompanying notes which are an integral part of this schedule.
Invesco World Bond Factor Fund
Open Futures Contracts—(continued) | |||||
Short Futures Contracts | Number of Contracts | Expiration Month | Notional Value | Value | Unrealized Appreciation (Depreciation) |
Interest Rate Risk | |||||
U.S. Treasury 2 Year Notes | 4 | September-2021 | $(882,625) | $180 | $180 |
U.S. Treasury 5 Year Notes | 1 | September-2021 | (124,445) | (643) | (643) |
U.S. Treasury 10 Year Notes | 3 | September-2021 | (403,359) | (7,553) | (7,553) |
U.S. Treasury Long Bond | 5 | September-2021 | (823,594) | (38,644) | (38,644) |
U.S. Treasury Ultra Bonds | 1 | September-2021 | (199,531) | (6,969) | (6,969) |
Subtotal—Short Futures Contracts | (53,629) | (53,629) | |||
Total Futures Contracts | $85,611 | $85,611 |
Open Forward Foreign Currency Contracts | ||||||
Settlement Date | Counterparty | Contract to | Unrealized Appreciation (Depreciation) | |||
Deliver | Receive | |||||
Currency Risk | ||||||
08/17/2021 | Bank of America, N.A. | CAD | 2,373,461 | USD | 1,948,847 | $46,455 |
08/17/2021 | Bank of America, N.A. | ZAR | 189,000 | USD | 13,137 | 259 |
08/17/2021 | Barclays Bank PLC | PLN | 16,500 | USD | 4,476 | 193 |
08/17/2021 | Barclays Bank PLC | USD | 404,791 | JPY | 44,510,753 | 980 |
08/17/2021 | Barclays Bank PLC | USD | 24,787 | RUB | 1,842,490 | 368 |
08/18/2021 | Barclays Bank PLC | USD | 26,271 | IDR | 384,513,600 | 329 |
08/17/2021 | BNP Paribas S.A. | AUD | 158,300 | USD | 116,262 | 85 |
08/17/2021 | BNP Paribas S.A. | CHF | 571,000 | USD | 633,652 | 3,082 |
08/17/2021 | BNP Paribas S.A. | HUF | 1,009,776 | USD | 3,346 | 7 |
08/17/2021 | BNP Paribas S.A. | NOK | 1,185,000 | USD | 143,560 | 9,424 |
08/17/2021 | BNP Paribas S.A. | SEK | 8,589,000 | USD | 1,033,941 | 36,085 |
08/17/2021 | BNP Paribas S.A. | USD | 3,133,168 | CNY | 20,306,000 | 5,515 |
08/17/2021 | Citibank, N.A. | INR | 599,650 | USD | 8,055 | 4 |
08/17/2021 | Citibank, N.A. | TRY | 138,920 | USD | 16,367 | 5 |
08/17/2021 | Citibank, N.A. | USD | 41,477 | BRL | 219,000 | 495 |
08/17/2021 | Citibank, N.A. | USD | 295,550 | EUR | 249,171 | 108 |
08/17/2021 | Deutsche Bank AG | AUD | 360,300 | USD | 277,040 | 12,616 |
08/17/2021 | Deutsche Bank AG | CHF | 25,190 | USD | 27,989 | 171 |
08/17/2021 | Deutsche Bank AG | CZK | 80,823 | USD | 3,759 | 0 |
08/17/2021 | Deutsche Bank AG | EUR | 288,732 | USD | 348,165 | 5,564 |
08/17/2021 | Deutsche Bank AG | NOK | 2,334,980 | USD | 270,580 | 6,272 |
08/17/2021 | Deutsche Bank AG | SEK | 673,159 | USD | 80,989 | 2,783 |
08/17/2021 | Deutsche Bank AG | SGD | 3,445 | USD | 2,601 | 59 |
08/17/2021 | Goldman Sachs International | CLP | 2,532,694 | USD | 3,479 | 143 |
08/17/2021 | Goldman Sachs International | COP | 12,650,404 | USD | 3,365 | 105 |
08/17/2021 | Goldman Sachs International | JPY | 42,011,000 | USD | 386,603 | 3,620 |
08/17/2021 | Goldman Sachs International | MXN | 85,060 | USD | 4,274 | 9 |
08/17/2021 | Goldman Sachs International | USD | 318,695 | CHF | 294,600 | 6,640 |
08/17/2021 | Goldman Sachs International | USD | 107,279 | RUB | 8,067,000 | 2,860 |
08/18/2021 | Goldman Sachs International | IDR | 323,242,279 | USD | 22,362 | 0 |
08/17/2021 | HSBC Bank USA, N.A. | THB | 128,692 | USD | 4,005 | 90 |
08/17/2021 | HSBC Bank USA, N.A. | USD | 4,445 | MXN | 89,570 | 46 |
08/17/2021 | J.P. Morgan Chase Bank, N.A. | BRL | 231,870 | USD | 44,872 | 433 |
08/17/2021 | J.P. Morgan Chase Bank, N.A. | CAD | 182,023 | USD | 145,911 | 15 |
08/17/2021 | J.P. Morgan Chase Bank, N.A. | EUR | 496,920 | USD | 604,265 | 14,635 |
08/17/2021 | J.P. Morgan Chase Bank, N.A. | GBP | 130,160 | USD | 180,974 | 46 |
08/17/2021 | J.P. Morgan Chase Bank, N.A. | KRW | 15,990,187 | USD | 13,880 | 15 |
See accompanying notes which are an integral part of this schedule.
Invesco World Bond Factor Fund
Open Forward Foreign Currency Contracts—(continued) | ||||||
Settlement Date | Counterparty | Contract to | Unrealized Appreciation (Depreciation) | |||
Deliver | Receive | |||||
08/17/2021 | J.P. Morgan Chase Bank, N.A. | SGD | 35,620 | USD | 26,472 | $184 |
08/17/2021 | J.P. Morgan Chase Bank, N.A. | USD | 3,046 | BRL | 16,100 | 40 |
08/17/2021 | J.P. Morgan Chase Bank, N.A. | USD | 121,568 | TRY | 1,068,920 | 4,330 |
08/17/2021 | J.P. Morgan Chase Bank, N.A. | ZAR | 335,350 | USD | 22,902 | 52 |
08/17/2021 | Morgan Stanley and Co. International PLC | AUD | 4,102,463 | USD | 3,182,353 | 171,554 |
08/17/2021 | Morgan Stanley and Co. International PLC | EUR | 5,662,000 | USD | 6,892,819 | 174,461 |
08/17/2021 | Morgan Stanley and Co. International PLC | GBP | 304,656 | USD | 431,108 | 7,622 |
08/17/2021 | Morgan Stanley and Co. International PLC | NOK | 2,829,750 | USD | 328,780 | 8,467 |
08/17/2021 | Morgan Stanley and Co. International PLC | NZD | 368,830 | USD | 257,407 | 454 |
08/17/2021 | Morgan Stanley and Co. International PLC | PLN | 540,000 | USD | 144,177 | 4,002 |
08/17/2021 | Morgan Stanley and Co. International PLC | USD | 13,020 | MXN | 261,060 | 71 |
08/17/2021 | Morgan Stanley and Co. International PLC | ZAR | 1,494,800 | USD | 105,667 | 3,817 |
08/17/2021 | Royal Bank of Canada | USD | 1,141,248 | CAD | 1,433,721 | 7,918 |
08/17/2021 | Royal Bank of Canada | USD | 133,282 | INR | 9,932,000 | 67 |
08/17/2021 | State Street Bank & Trust Co. | GBP | 304,000 | USD | 430,322 | 7,748 |
08/17/2021 | State Street Bank & Trust Co. | NOK | 4,990,871 | USD | 602,202 | 37,260 |
08/17/2021 | State Street Bank & Trust Co. | SEK | 2,712,062 | USD | 315,236 | 153 |
08/17/2021 | UBS AG | CAD | 135,788 | USD | 109,416 | 578 |
08/17/2021 | UBS AG | NOK | 5,374,700 | USD | 643,591 | 35,202 |
08/17/2021 | UBS AG | USD | 279,301 | CHF | 253,050 | 148 |
08/17/2021 | UBS AG | USD | 210,454 | EUR | 177,396 | 39 |
08/17/2021 | UBS AG | USD | 510,982 | JPY | 56,535,754 | 4,413 |
08/17/2021 | UBS AG | USD | 32,399 | MXN | 649,000 | 144 |
08/17/2021 | UBS AG | USD | 4,368 | TRY | 38,683 | 189 |
Subtotal—Appreciation | 628,429 | |||||
Currency Risk | ||||||
08/17/2021 | Bank of America, N.A. | USD | 222,455 | NZD | 307,518 | (8,215) |
08/17/2021 | Bank of America, N.A. | USD | 22,079 | ZAR | 317,650 | (435) |
08/17/2021 | Barclays Bank PLC | USD | 84,865 | THB | 2,653,000 | (4,154) |
08/18/2021 | Barclays Bank PLC | IDR | 72,236,682 | USD | 4,935 | (62) |
08/17/2021 | BNP Paribas S.A. | CHF | 554,551 | USD | 600,152 | (12,254) |
08/17/2021 | BNP Paribas S.A. | MXN | 4,860,000 | USD | 241,112 | (2,580) |
08/17/2021 | BNP Paribas S.A. | USD | 121,182 | AUD | 165,000 | (89) |
08/17/2021 | BNP Paribas S.A. | USD | 61,035 | CHF | 55,000 | (297) |
08/17/2021 | BNP Paribas S.A. | USD | 351,449 | NOK | 2,901,000 | (23,070) |
08/17/2021 | BNP Paribas S.A. | USD | 157,577 | SEK | 1,309,000 | (5,499) |
08/17/2021 | BNP Paribas S.A. | USD | 116,641 | SGD | 155,000 | (2,248) |
08/17/2021 | Citibank, N.A. | EUR | 131,417 | USD | 155,379 | (557) |
08/17/2021 | Citibank, N.A. | GBP | 531,855 | USD | 734,102 | (5,200) |
08/17/2021 | Citibank, N.A. | USD | 48,653 | BRL | 244,810 | (1,734) |
08/17/2021 | Citibank, N.A. | USD | 15,579 | INR | 1,143,890 | (221) |
08/17/2021 | Citibank, N.A. | USD | 39,401 | SGD | 53,372 | (12) |
08/17/2021 | Deutsche Bank AG | RUB | 858,200 | USD | 11,655 | (62) |
08/17/2021 | Deutsche Bank AG | USD | 314,654 | CAD | 378,685 | (11,128) |
08/17/2021 | Deutsche Bank AG | USD | 8,553 | KRW | 9,672,120 | (166) |
08/17/2021 | Deutsche Bank AG | USD | 96,897 | NOK | 855,220 | (91) |
08/17/2021 | Deutsche Bank AG | USD | 19,051 | NZD | 26,376 | (675) |
08/17/2021 | Deutsche Bank AG | USD | 308,476 | SEK | 2,563,960 | (10,600) |
08/17/2021 | Deutsche Bank AG | USD | 4,176 | SGD | 5,530 | (95) |
08/17/2021 | Goldman Sachs International | RUB | 8,005,300 | USD | 106,873 | (2,424) |
See accompanying notes which are an integral part of this schedule.
Invesco World Bond Factor Fund
Open Forward Foreign Currency Contracts—(continued) | ||||||
Settlement Date | Counterparty | Contract to | Unrealized Appreciation (Depreciation) | |||
Deliver | Receive | |||||
08/17/2021 | Goldman Sachs International | THB | 100,690 | USD | 3,059 | $(5) |
08/17/2021 | Goldman Sachs International | USD | 962,696 | CAD | 1,164,149 | (29,600) |
08/17/2021 | Goldman Sachs International | USD | 4,709 | CLP | 3,435,759 | (183) |
08/17/2021 | Goldman Sachs International | USD | 1,498,155 | JPY | 162,800,000 | (14,027) |
08/17/2021 | Goldman Sachs International | USD | 77,496 | SEK | 662,910 | (480) |
08/18/2021 | Goldman Sachs International | USD | 67,222 | IDR | 971,246,037 | (32) |
08/17/2021 | HSBC Bank USA, N.A. | INR | 3,848,710 | USD | 51,489 | (185) |
08/17/2021 | HSBC Bank USA, N.A. | USD | 3,440 | CZK | 72,015 | (90) |
08/17/2021 | J.P. Morgan Chase Bank, N.A. | TRY | 24,620 | USD | 2,759 | (141) |
08/17/2021 | J.P. Morgan Chase Bank, N.A. | USD | 23,824 | CLP | 16,856,000 | (1,623) |
08/17/2021 | J.P. Morgan Chase Bank, N.A. | USD | 234,248 | EUR | 192,635 | (5,673) |
08/17/2021 | J.P. Morgan Chase Bank, N.A. | USD | 80,514 | GBP | 57,907 | (21) |
08/17/2021 | J.P. Morgan Chase Bank, N.A. | USD | 138,301 | KRW | 155,703,000 | (3,292) |
08/17/2021 | Morgan Stanley and Co. International PLC | USD | 1,054,114 | AUD | 1,352,910 | (61,212) |
08/17/2021 | Morgan Stanley and Co. International PLC | USD | 54,867 | CZK | 1,155,000 | (1,151) |
08/17/2021 | Morgan Stanley and Co. International PLC | USD | 7,726,726 | EUR | 6,347,000 | (195,567) |
08/17/2021 | Morgan Stanley and Co. International PLC | USD | 834,732 | GBP | 589,890 | (14,759) |
08/17/2021 | Morgan Stanley and Co. International PLC | USD | 40,169 | HUF | 11,853,000 | (984) |
08/17/2021 | Morgan Stanley and Co. International PLC | USD | 182,221 | NZD | 252,000 | (6,660) |
08/17/2021 | Morgan Stanley and Co. International PLC | USD | 4,418 | PLN | 16,850 | (44) |
08/17/2021 | Morgan Stanley and Co. International PLC | USD | 119,331 | ZAR | 1,687,410 | (4,357) |
08/17/2021 | Royal Bank of Canada | USD | 45,030 | COP | 167,994,000 | (1,742) |
08/17/2021 | State Street Bank & Trust Co. | USD | 1,724,655 | GBP | 1,217,619 | (32,111) |
08/17/2021 | UBS AG | CHF | 4,610 | USD | 5,088 | (3) |
08/17/2021 | UBS AG | JPY | 15,922,746 | USD | 143,449 | (1,707) |
08/17/2021 | UBS AG | USD | 4,602 | NOK | 38,432 | (252) |
Subtotal—Depreciation | (467,769) | |||||
Total Forward Foreign Currency Contracts | $160,660 |
Open Centrally Cleared Interest Rate Swap Agreements(a) | ||||||||||
Pay/ Receive Floating Rate | Floating Rate Index | Payment Frequency | (Pay)/ Receive Fixed Rate | Payment Frequency | Maturity Date | Notional Value | Upfront Payments Paid (Received) | Value | Unrealized Appreciation (Depreciation) | |
Currency Risk | ||||||||||
Pay | 3 Month STIBOR | Quarterly | 0.49% | Annually | 02/08/2031 | SEK | 171 | $— | $1 | $1 |
Receive | 3 Month USD LIBOR | Quarterly | (1.11) | Semi-Annually | 01/22/2031 | USD | 32,787 | — | 368 | 368 |
Receive | 6 Month EUR LIBOR | Semi-Annually | (0.44) | Annually | 01/22/2026 | EUR | 133,792 | (28) | 370 | 398 |
Receive | 6 Month AUD BBSW | Semi-Annually | (0.08) | Semi-Annually | 01/19/2023 | AUD | 922,000 | — | 493 | 493 |
Receive | 3 Month NZD BBSW | Quarterly | (1.07) | Semi-Annually | 04/09/2026 | NZD | 334,523 | 735 | 3,694 | 2,959 |
Receive | 3 Month USD LIBOR | Quarterly | (0.61) | Semi-Annually | 02/17/2026 | USD | 621,000 | — | 3,463 | 3,463 |
Pay | China 7-Day Reverse Repo Rate | Quarterly | 2.59 | Quarterly | 10/29/2025 | CNY | 20,000,000 | — | 12,515 | 12,515 |
Pay | China 7-Day Reverse Repo Rate | Quarterly | 2.83 | Quarterly | 04/08/2026 | CNY | 7,065,538 | — | 15,410 | 15,410 |
Subtotal — Appreciation | 707 | 36,314 | 35,607 | |||||||
Currency Risk | ||||||||||
Receive | 3 Month STIBOR | Quarterly | (0.31) | Annually | 04/07/2026 | SEK | 9,136,799 | 1,348 | (5,463) | (6,811) |
Receive | 3 Month STIBOR | Quarterly | (0.76) | Annually | 04/07/2031 | SEK | 1,446,749 | 29 | (3,598) | (3,627) |
Receive | 3 Month STIBOR | Quarterly | (0.93) | Annually | 02/03/2031 | SEK | 1,435,616 | (2,992) | (6,255) | (3,263) |
Subtotal — Depreciation | (1,615) | (15,316) | (13,701) | |||||||
Total Centrally Cleared Interest Rate Swap Agreements | $(908) | $20,998 | $21,906 |
(a) | Centrally cleared swap agreements collateralized by $100,000 cash held with Credit Suisse Securities (USA) LLC. |
See accompanying notes which are an integral part of this schedule.
Invesco World Bond Factor Fund
Abbreviations: | |
AUD | —Australian Dollar |
BBSW | —Bank Bill Swap Rate |
BRL | —Brazilian Real |
CAD | —Canadian Dollar |
CHF | —Swiss Franc |
CLP | —Chile Peso |
CNY | —Chinese Yuan Renminbi |
COP | —Colombia Peso |
CZK | —Czech Koruna |
EUR | —Euro |
GBP | —British Pound Sterling |
HUF | —Hungarian Forint |
IDR | —Indonesian Rupiah |
INR | —Indian Rupee |
JPY | —Japanese Yen |
KRW | —South Korean Won |
LIBOR | —London Interbank Offered Rate |
MXN | —Mexican Peso |
NOK | —Norwegian Krone |
NZD | —New Zealand Dollar |
PLN | —Polish Zloty |
RUB | —Russian Ruble |
SEK | —Swedish Krona |
SGD | —Singapore Dollar |
STIBOR | —Stockholm Interbank Offered Rate |
THB | —Thai Baht |
TRY | —Turkish Lira |
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 World Bond Factor Fund
Notes to Quarterly Schedule of Portfolio Holdings
July 31, 2021
(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 July 31, 2021. 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 | ||||
Non-U.S. Dollar Denominated Bonds & Notes | $— | $24,012,083 | $— | $24,012,083 |
U.S. Dollar Denominated Bonds & Notes | — | 10,003,016 | — | 10,003,016 |
U.S. Treasury Securities | — | 5,008,368 | — | 5,008,368 |
U.S. Government Sponsored Agency Mortgage-Backed Securities | — | 4,219,553 | — | 4,219,553 |
Exchange-Traded Funds | 450,362 | — | — | 450,362 |
Money Market Funds | 1,770,701 | — | — | 1,770,701 |
Total Investments in Securities | 2,221,063 | 43,243,020 | — | 45,464,083 |
Other Investments - Assets* | ||||
Futures Contracts | 139,420 | — | — | 139,420 |
Forward Foreign Currency Contracts | — | 628,429 | — | 628,429 |
Swap Agreements | — | 35,607 | — | 35,607 |
139,420 | 664,036 | — | 803,456 | |
Other Investments - Liabilities* | ||||
Futures Contracts | (53,809) | — | — | (53,809) |
Forward Foreign Currency Contracts | — | (467,769) | — | (467,769) |
Swap Agreements | — | (13,701) | — | (13,701) |
(53,809) | (481,470) | — | (535,279) | |
Total Other Investments | 85,611 | 182,566 | — | 268,177 |
Total Investments | $2,306,674 | $43,425,586 | $— | $45,732,260 |
* | Unrealized appreciation (depreciation). |
Invesco World Bond Factor Fund