Schedule of Investments
November 30, 2023
(Unaudited)
Interest Rate | Maturity Date | Principal Amount (000) | Value | |||||||||||||
| ||||||||||||||||
Municipal Obligations–99.46% | ||||||||||||||||
Alabama–1.68% | ||||||||||||||||
Alabama (City of), AL Industrial Development Board; Series 2009, VRD RB(a) | 2.31% | 06/01/2034 | $ | 8,600 | $ | 8,600,000 | ||||||||||
| ||||||||||||||||
Baldwin (County of), AL Public Building Authority (DHR); Series 2007 A, Revenue Wts. (INS - SGI)(b) | 4.38% | 06/01/2028 | 10 | 10,006 | ||||||||||||
| ||||||||||||||||
Black Belt Energy Gas District (The) (No. 4); Series 2019 A-1, RB(c) | 4.00% | 12/01/2025 | 12,260 | 12,189,646 | ||||||||||||
| ||||||||||||||||
Southeast Alabama Gas Supply District (The) (No. 2); Series 2018 A, RB(c) | 4.00% | 06/01/2024 | 5,500 | 5,491,923 | ||||||||||||
| ||||||||||||||||
UAB Medicine Finance Authority; Series 2016 B, Ref. RB | 5.00% | 09/01/2035 | 2,500 | 2,588,580 | ||||||||||||
| ||||||||||||||||
28,880,155 | ||||||||||||||||
| ||||||||||||||||
Alaska–0.17% | ||||||||||||||||
Matanuska-Susitna (Borough of), AK; Series 2014 B, GO Bonds | 5.00% | 11/01/2026 | 1,000 | 1,007,072 | ||||||||||||
| ||||||||||||||||
Northern Tobacco Securitization Corp.; Series 2021 B-1, Ref. RB | 4.00% | 06/01/2050 | 1,955 | 1,898,944 | ||||||||||||
| ||||||||||||||||
2,906,016 | ||||||||||||||||
| ||||||||||||||||
Arizona–1.72% | ||||||||||||||||
Arizona (State of) Game & Fish Department & Commission; Series 2006, RB | 5.00% | 07/01/2032 | 105 | 105,130 | ||||||||||||
| ||||||||||||||||
Arizona (State of) Health Facilities Authority (Scottsdale Lincoln Hospital); Series 2014, Ref. RB | 5.00% | 12/01/2027 | 100 | 101,250 | ||||||||||||
| ||||||||||||||||
Chandler (City of), AZ Industrial Development Authority (Intel Corp.); Series 2022-1, RB(c)(d) | 5.00% | 09/01/2027 | 10,000 | 10,325,746 | ||||||||||||
| ||||||||||||||||
Glendale Municipal Property Corp.; | ||||||||||||||||
Series 2012 B, Ref. RB | 5.00% | 07/01/2025 | 1,000 | 1,001,237 | ||||||||||||
| ||||||||||||||||
Series 2012 B, Ref. RB | 5.00% | 07/01/2029 | 3,550 | 3,554,369 | ||||||||||||
| ||||||||||||||||
Series 2012 B, Ref. RB | 5.00% | 07/01/2033 | 570 | 570,693 | ||||||||||||
| ||||||||||||||||
Maricopa County School District No. 7; Series 2009 B, GO Bonds (INS - AGM)(b) | 4.50% | 07/01/2024 | 10 | 10,008 | ||||||||||||
| ||||||||||||||||
Phoenix Civic Improvement Corp.; Series 2017, Ref. RB | 5.00% | 07/01/2038 | 5,145 | 5,324,037 | ||||||||||||
| ||||||||||||||||
Pima (County of), AZ; Series 2014, RB | 5.00% | 07/01/2028 | 745 | 745,900 | ||||||||||||
| ||||||||||||||||
Pima (County of), AZ Industrial Development Authority (Excalibur Charter School (The)); Series 2016, Ref. RB(e) | 5.00% | 09/01/2026 | 80 | 79,288 | ||||||||||||
| ||||||||||||||||
Pima (County of), AZ Industrial Development Authority (Paideia Academies (The)); Series 2019, RB | 4.13% | 07/01/2029 | 185 | 173,344 | ||||||||||||
| ||||||||||||||||
Salt Verde Financial Corp.; Series 2007, RB | 5.25% | 12/01/2025 | 4,000 | 4,091,293 | ||||||||||||
| ||||||||||||||||
Sun Devil Energy Center LLC; Series 2008, Ref. RB | 5.00% | 07/01/2027 | 100 | 100,130 | ||||||||||||
| ||||||||||||||||
Sun Devil Energy Center LLC (Arizona State University); Series 2008, Ref. RB | 5.00% | 07/01/2030 | 155 | 155,182 | ||||||||||||
| ||||||||||||||||
University of Arizona (The) (Stimulus Plan for Economic and Educational Development); Series 2014, RB | 5.00% | 08/01/2034 | 920 | 926,566 | ||||||||||||
| ||||||||||||||||
University of Arizona Board of Regents; Series 2022 B, RB | 5.00% | 07/01/2038 | 1,300 | 1,453,479 | ||||||||||||
| ||||||||||||||||
University of Arizona Board of Regents (Arizona Biomedical Research Collaborative Building); Series 2006, COP (INS - AMBAC)(b) | 4.38% | 06/01/2024 | 10 | 10,009 | ||||||||||||
| ||||||||||||||||
Westpark Community Facility District; Series 2016, Ref. GO Bonds | 4.00% | 07/15/2025 | 670 | 666,141 | ||||||||||||
| ||||||||||||||||
Yavapai (County of), AZ Industrial Development Authority; Series 2015 A, Ref. RB(e) | 3.90% | 09/01/2024 | 185 | 183,195 | ||||||||||||
| ||||||||||||||||
Yavapai (County of), AZ Industrial Development Authority (The) (Yavapai Regional Medical Center); Series 2013 A, Ref. RB | 5.00% | 08/01/2028 | 100 | 100,041 | ||||||||||||
| ||||||||||||||||
29,677,038 | ||||||||||||||||
| ||||||||||||||||
California–3.98% | ||||||||||||||||
Alameda (County of), CA Joint Powers Authority (Multiple Capital); | ||||||||||||||||
Series 2013 A, RB(c)(f) | 5.00% | 02/02/2024 | 3,465 | 3,475,087 | ||||||||||||
| ||||||||||||||||
Series 2013 A, RB(c)(f) | 5.00% | 02/02/2024 | 1,865 | 1,870,429 | ||||||||||||
| ||||||||||||||||
Anaheim (City of), CA Public Financing Authority; Series 1997 A, RB (INS - AGM)(b) | 6.00% | 09/01/2024 | 1,265 | 1,289,383 | ||||||||||||
| ||||||||||||||||
California (State of); | ||||||||||||||||
Series 2012, GO Bonds (INS - AGM)(b) | 4.00% | 09/01/2037 | 1,000 | 1,000,073 | ||||||||||||
| ||||||||||||||||
Series 2012, Ref. GO Bonds | 5.00% | 09/01/2025 | 10 | 10,014 | ||||||||||||
| ||||||||||||||||
Series 2013, Ref. GO Bonds | 5.00% | 10/01/2026 | 5 | 5,006 | ||||||||||||
| ||||||||||||||||
Series 2014, Ref. GO Bonds | 5.00% | 10/01/2034 | 9,200 | 9,287,597 | ||||||||||||
| ||||||||||||||||
Series 2017, Ref. GO Bonds | 5.00% | 11/01/2029 | 3,695 | 3,995,393 | ||||||||||||
| ||||||||||||||||
Series 2019, Ref. GO Bonds | 5.00% | 04/01/2033 | 9,000 | 9,036,630 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Municipal Fund |
Interest Rate | Maturity Date | Principal Amount (000) | Value | |||||||||||||
| ||||||||||||||||
California–(continued) | ||||||||||||||||
California (State of) Community Choice Financing Authority; Series 2023, RB(c) | 5.25% | 04/01/2030 | $ | 2,945 | $ | 3,067,954 | ||||||||||
| ||||||||||||||||
California (State of) Health Facilities Financing Authority (Adventist Health System); Series 2013 A, RB | 5.00% | 03/01/2025 | 2,720 | 2,721,722 | ||||||||||||
| ||||||||||||||||
California (State of) Health Facilities Financing Authority (City of Hope); Series 2012 A, RB | 5.00% | 11/15/2024 | 100 | 100,117 | ||||||||||||
| ||||||||||||||||
California (State of) Health Facilities Financing Authority (St. Joseph Health System); Series 2013 A, RB | 5.00% | 07/01/2024 | 405 | 405,239 | ||||||||||||
| ||||||||||||||||
California (State of) Health Facilities Financing Authority (Sutter Health); | ||||||||||||||||
Series 2017 A, Ref. RB | 5.00% | 11/15/2032 | 1,285 | 1,376,797 | ||||||||||||
| ||||||||||||||||
Series 2018 A, RB | 5.00% | 11/15/2032 | 1,230 | 1,317,868 | ||||||||||||
| ||||||||||||||||
California (State of) Housing Finance Agency (Social Certificates); | ||||||||||||||||
Series 2021-2A, Revenue Ctfs. (CEP - FHLMC) | 3.75% | 03/25/2035 | 3,891 | 3,681,829 | ||||||||||||
| ||||||||||||||||
Series 2023-1, RB | 4.38% | 09/20/2036 | 2,492 | 2,411,080 | ||||||||||||
| ||||||||||||||||
California (State of) Municipal Finance Authority (Waste Management, Inc.); Series 2022 A, RB(c)(d) | 4.13% | 10/01/2025 | 5,000 | 4,982,813 | ||||||||||||
| ||||||||||||||||
California (State of) Public Finance Authority (Enso Village) (Green Bonds); Series 2021 B-3, RB(e) | 2.13% | 11/15/2027 | 6,000 | 5,719,593 | ||||||||||||
| ||||||||||||||||
California (State of) Public Works Board (California Community Colleges); Series 2005 E, RB (INS - NATL)(b) | 4.50% | 10/01/2026 | 170 | 170,193 | ||||||||||||
| ||||||||||||||||
California (State of) Public Works Board (Various Capital); Series 2013 I, RB(c)(f) | 5.50% | 01/02/2024 | 2,000 | 2,002,841 | ||||||||||||
| ||||||||||||||||
Glendale (City of), CA; | ||||||||||||||||
Series 2013, RB | 5.00% | 02/01/2027 | 125 | 125,141 | ||||||||||||
| ||||||||||||||||
Series 2013, Ref. RB | 5.00% | 02/01/2030 | 175 | 175,154 | ||||||||||||
| ||||||||||||||||
Howell Mountain Elementary School District (Election of 2005); Series 2007, GO Bonds (INS - AGM)(b)(g) | 0.00% | 08/01/2027 | 695 | 602,932 | ||||||||||||
| ||||||||||||||||
Imperial Irrigation District; | ||||||||||||||||
Series 2012 A, Ref. RB | 5.00% | 11/01/2024 | 325 | 325,490 | ||||||||||||
| ||||||||||||||||
Series 2012 A, Ref. RB | 5.00% | 11/01/2027 | 225 | 225,303 | ||||||||||||
| ||||||||||||||||
Lodi (City of), CA; Series 2004 A, COP (INS - NATL)(b) | 4.75% | 10/01/2024 | 10 | 10,012 | ||||||||||||
| ||||||||||||||||
Long Beach Unified School District; | ||||||||||||||||
Series 2012, Ref. GO Bonds | 5.00% | 08/01/2025 | 675 | 675,924 | ||||||||||||
| ||||||||||||||||
Series 2012, Ref. GO Bonds | 5.00% | 08/01/2028 | 775 | 781,013 | ||||||||||||
| ||||||||||||||||
Series 2012, Ref. GO Bonds | 5.00% | 08/01/2029 | 100 | 100,133 | ||||||||||||
| ||||||||||||||||
Northern California Tobacco Securitization Authority; Series 2021 B-1, Ref. RB | 4.00% | 06/01/2049 | 1,450 | 1,460,296 | ||||||||||||
| ||||||||||||||||
Pasadena (City of), CA; Series 2013 A, Ref. RB | 5.00% | 06/01/2030 | 320 | 320,394 | ||||||||||||
| ||||||||||||||||
Peninsula Corridor Joint Powers Board; Series 2019 A, Ref. RB | 5.00% | 10/01/2044 | 1,285 | 1,317,236 | ||||||||||||
| ||||||||||||||||
San Francisco (City & County of), CA; Series 2015 R-1, Ref. GO Bonds | 5.00% | 06/15/2025 | 370 | 370,378 | ||||||||||||
| ||||||||||||||||
San Francisco (City & County of), CA (Multiple Capital Imporovement); Series 2012 A, COP | 5.00% | 04/01/2031 | 250 | 250,346 | ||||||||||||
| ||||||||||||||||
San Jose (City of), CA; Series 2017 B, Ref. RB | 5.00% | 03/01/2042 | 3,730 | 3,874,117 | ||||||||||||
| ||||||||||||||||
68,541,527 | ||||||||||||||||
| ||||||||||||||||
Colorado–1.87% | ||||||||||||||||
Adams & Arapahoe Joint School District No. 28J Aurora; Series 2017 A, Ref. GO Bonds | 5.00% | 12/01/2032 | 2,700 | 2,833,184 | ||||||||||||
| ||||||||||||||||
Colorado (State of) Health Facilities Authority (Aberdeen Ridge); Series 2021 B, RB | 2.13% | 05/15/2028 | 1,000 | 916,991 | ||||||||||||
| ||||||||||||||||
Colorado (State of) Regional Transportation District; | ||||||||||||||||
Series 2013 A, Ref. COP | 5.00% | 06/01/2024 | 2,315 | 2,317,713 | ||||||||||||
| ||||||||||||||||
Series 2013 A, Ref. Ref. COP | 5.00% | 06/01/2026 | 1,440 | 1,441,552 | ||||||||||||
| ||||||||||||||||
Colorado (State of) Regional Transportation District (Fastracks); Series 2016 A, RB | 5.00% | 11/01/2036 | 2,715 | 2,841,220 | ||||||||||||
| ||||||||||||||||
Denver (City & County of), CO; | ||||||||||||||||
Series 2013 B, RB(c)(f) | 5.00% | 02/16/2024 | 100 | 100,231 | ||||||||||||
| ||||||||||||||||
Series 2013 B, RB(c)(f) | 5.25% | 02/16/2024 | 2,390 | 2,396,687 | ||||||||||||
| ||||||||||||||||
Denver City & County School District No. 1; Series 2013 C, COP | 5.00% | 12/15/2024 | 100 | 100,133 | ||||||||||||
| ||||||||||||||||
Larimer County School District No. R-1 Poudre; Series 2018, GO Bonds | 5.00% | 12/15/2040 | 2,660 | 2,825,137 | ||||||||||||
| ||||||||||||||||
Regional Transportation District (Fastracks); Series 2017 A, RB | 5.00% | 11/01/2033 | 1,000 | 1,053,591 | ||||||||||||
| ||||||||||||||||
Rib Floater Trust; Series 2022-004, VRD RB (LOC - Barclays Bank PLC)(a)(e)(h) | 3.60% | 02/01/2046 | 15,500 | 15,500,000 | ||||||||||||
| ||||||||||||||||
32,326,439 | ||||||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Municipal Fund |
Interest Rate | Maturity Date | Principal Amount (000) | Value | |||||||||||||
| ||||||||||||||||
Connecticut–1.18% | ||||||||||||||||
Connecticut (State of); | ||||||||||||||||
Series 2013 A, RB(c)(f) | 5.00% | 01/29/2024 | $ | 565 | $ | 566,424 | ||||||||||
| ||||||||||||||||
Series 2013 A, RB(c)(f) | 5.00% | 01/29/2024 | 350 | 350,882 | ||||||||||||
| ||||||||||||||||
Series 2013 A, RB(c)(f) | 5.00% | 01/29/2024 | 1,175 | 1,177,961 | ||||||||||||
| ||||||||||||||||
Series 2014 F, GO Bonds | 5.00% | 11/15/2033 | 1,940 | 1,959,385 | ||||||||||||
| ||||||||||||||||
Series 2016 E, GO Bonds | 5.00% | 10/15/2034 | 3,280 | 3,428,957 | ||||||||||||
| ||||||||||||||||
Connecticut (State of) (Transportation Infrastructure); Series 2013 A, RB(c)(f) | 5.00% | 01/29/2024 | 275 | 275,693 | ||||||||||||
| ||||||||||||||||
Connecticut (State of) Health & Educational Facilities Authority (Hartford Healthcare); | ||||||||||||||||
Series 2014 E, RB | 5.00% | 07/01/2025 | 125 | 126,092 | ||||||||||||
| ||||||||||||||||
Series 2014 E, RB | 5.00% | 07/01/2026 | 1,000 | 1,004,655 | ||||||||||||
| ||||||||||||||||
Connecticut (State of) Health & Educational Facilities Authority (New Haven Hospital); | ||||||||||||||||
Series 2013 N, RB | 5.00% | 07/01/2027 | 225 | 225,239 | ||||||||||||
| ||||||||||||||||
Series 2014 A, RB | 5.00% | 07/01/2032 | 10,650 | 10,724,123 | ||||||||||||
| ||||||||||||||||
South Central Connecticut Regional Water Authority; Twenty Ninth Series 2014, Ref. RB | 5.00% | 08/01/2025 | 500 | 500,696 | ||||||||||||
| ||||||||||||||||
Willington (Town of), CT; Series 2006, GO Bonds (INS - AGM)(b) | 4.00% | 12/01/2023 | 5 | 5,000 | ||||||||||||
| ||||||||||||||||
20,345,107 | ||||||||||||||||
| ||||||||||||||||
District of Columbia–0.79% | ||||||||||||||||
District of Columbia; | ||||||||||||||||
Series 2012, RB | 5.00% | 12/01/2024 | 280 | 280,364 | ||||||||||||
| ||||||||||||||||
Series 2012, RB | 5.00% | 12/01/2026 | 100 | 100,128 | ||||||||||||
| ||||||||||||||||
Series 2023 A, GO Bonds | 5.00% | 01/01/2037 | 3,000 | 3,455,525 | ||||||||||||
| ||||||||||||||||
District of Columbia (Children’s Hospital Obligated Group); Series 2015, Ref. RB | 5.00% | 07/15/2040 | 3,190 | 3,224,283 | ||||||||||||
| ||||||||||||||||
Washington Metropolitan Area Transit Authority; | ||||||||||||||||
Series 2017 B, RB | 5.00% | 07/01/2031 | 1,110 | 1,178,993 | ||||||||||||
| ||||||||||||||||
Series 2017 B, RB | 5.00% | 07/01/2035 | 1,400 | 1,474,251 | ||||||||||||
| ||||||||||||||||
Series 2018, RB | 5.00% | 07/01/2043 | 3,750 | 3,863,928 | ||||||||||||
| ||||||||||||||||
13,577,472 | ||||||||||||||||
| ||||||||||||||||
Florida–5.74% | ||||||||||||||||
Board of Governors of Florida Atlantic University; Series 2016 A, Ref. RB | 5.00% | 07/01/2031 | 1,000 | 1,037,211 | ||||||||||||
| ||||||||||||||||
Broward (County of), FL; | ||||||||||||||||
Series 2012 Q-1, RB | 5.00% | 10/01/2024 | 1,850 | 1,851,860 | ||||||||||||
| ||||||||||||||||
Series 2013 B, RB | 5.00% | 10/01/2026 | 260 | 260,149 | ||||||||||||
| ||||||||||||||||
Broward (County of), FL (Parks & Land Preservation); Series 2012, Ref. GO Bonds | 5.00% | 01/01/2024 | 1,500 | 1,503,719 | ||||||||||||
| ||||||||||||||||
Broward (County of), FL School Board; Series 2016 A, Ref. COP | 5.00% | 07/01/2032 | 1,115 | 1,154,030 | ||||||||||||
| ||||||||||||||||
Capital Trust Agency, Inc. (Gardens Apartements); Series 2015 A, RB | 3.50% | 07/01/2025 | 330 | 297,836 | ||||||||||||
| ||||||||||||||||
Central Florida Expressway Authority; | ||||||||||||||||
Series 2017, Ref. RB | 5.00% | 07/01/2038 | 1,535 | 1,604,958 | ||||||||||||
| ||||||||||||||||
Series 2017, Ref. RB | 5.00% | 07/01/2039 | 2,020 | 2,104,511 | ||||||||||||
| ||||||||||||||||
Citizens Property Insurance, Inc.; Series 2015 A-1, RB(c)(f) | 5.00% | 12/01/2024 | 17,000 | 17,244,822 | ||||||||||||
| ||||||||||||||||
Florida Housing Finance Corp.; Series 2015 A, RB (CEP - GNMA) | 3.65% | 07/01/2041 | 380 | 360,651 | ||||||||||||
| ||||||||||||||||
Florida Housing Finance Corp. (Social Bonds); Series 2022-3, RB (CEP - GNMA) | 5.50% | 01/01/2054 | 4,395 | 4,603,308 | ||||||||||||
| ||||||||||||||||
Gainesville (City of), FL; | ||||||||||||||||
Series 2012 B, Ref. VRD RB(a) | 2.15% | 10/01/2042 | 15,600 | 15,600,000 | ||||||||||||
| ||||||||||||||||
Series 2017 A, RB | 5.00% | 10/01/2031 | 1,265 | 1,360,186 | ||||||||||||
| ||||||||||||||||
Greater Orlando Aviation Authority; Series 2016 B, RB | 5.00% | 10/01/2039 | 2,375 | 2,447,566 | ||||||||||||
| ||||||||||||||||
Hialeah (City of), FL Utility System; Series 2022, Ref. RB | 5.00% | 10/01/2035 | 2,170 | 2,362,620 | ||||||||||||
| ||||||||||||||||
Hillsborough (County of), FL Aviation Authority (Tampa International Airport); Series 2018 F, RB | 5.00% | 10/01/2043 | 1,305 | 1,375,433 | ||||||||||||
| ||||||||||||||||
JEA Electric System; Series 2017 B, Ref. RB | 5.00% | 10/01/2032 | 3,410 | 3,614,039 | ||||||||||||
| ||||||||||||||||
JEA Water & Sewer System; Series 2017 B, Ref. RB | 5.00% | 10/01/2033 | 4,000 | 4,264,955 | ||||||||||||
| ||||||||||||||||
Miami (City of) & Dade (County of), FL School Board; | ||||||||||||||||
Series 2014 D, Ref. COP | 5.00% | 11/01/2030 | 1,860 | 1,884,781 | ||||||||||||
| ||||||||||||||||
Series 2014 D, Ref. COP | 5.00% | 11/01/2031 | 1,420 | 1,438,919 | ||||||||||||
| ||||||||||||||||
Series 2016, GO Bonds | 5.00% | 03/15/2037 | 2,000 | 2,057,797 | ||||||||||||
| ||||||||||||||||
Miami-Dade (County of), FL; | ||||||||||||||||
Series 2012 B, Ref. RB | 5.00% | 10/01/2024 | 1,285 | 1,286,537 | ||||||||||||
| ||||||||||||||||
Series 2014, RB | 5.00% | 10/01/2032 | 1,160 | 1,170,073 | ||||||||||||
| ||||||||||||||||
Series 2015 B, Ref. GO Bonds | 5.00% | 07/01/2029 | 1,105 | 1,118,705 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Municipal Fund |
Interest Rate | Maturity Date | Principal Amount (000) | Value | |||||||||||||
| ||||||||||||||||
Florida–(continued) | ||||||||||||||||
Miami-Dade (County of), FL Educational Facilities Authority (University of Miami); | ||||||||||||||||
Series 2012 A, RB | 5.00% | 04/01/2024 | $ | 250 | $ | 250,763 | ||||||||||
| ||||||||||||||||
Series 2012 A, RB | 5.00% | 04/01/2027 | 525 | 525,499 | ||||||||||||
| ||||||||||||||||
Series 2012 A, RB | 5.00% | 04/01/2028 | 1,500 | 1,501,485 | ||||||||||||
| ||||||||||||||||
Miami-Dade (County of), FL Expressway Authority; Series 2010 A, RB | 5.00% | 07/01/2040 | 10,000 | 10,002,600 | ||||||||||||
| ||||||||||||||||
Miami-Dade (County of), FL Housing Finance Authority (Palm Lakes); Series 2012, RB (LOC - Fannie Mae)(h) | 4.05% | 01/15/2028 | 8,355 | 8,386,593 | ||||||||||||
| ||||||||||||||||
Orlando (City of), FL; Series 2013, Ref. RB | 5.00% | 10/01/2027 | 750 | 750,649 | ||||||||||||
| ||||||||||||||||
Polk (County of), FL; | ||||||||||||||||
Series 2012, Ref. RB | 5.00% | 10/01/2024 | 125 | 125,174 | ||||||||||||
| ||||||||||||||||
Series 2012, Ref. RB | 5.00% | 10/01/2025 | 165 | 165,980 | ||||||||||||
| ||||||||||||||||
Pompano Beach (City of), FL (John Knox Village); | ||||||||||||||||
Series 2021 B-1, RB | 2.00% | 01/01/2029 | 1,545 | 1,341,997 | ||||||||||||
| ||||||||||||||||
Series 2021 B-2, RB | 1.45% | 01/01/2027 | 2,080 | 1,879,636 | ||||||||||||
| ||||||||||||||||
Sarasota (County of), FL Public Hospital District (Sarasota Memorial Hospital); Series 1998 B, Ref. RB (INS - NATL)(b) | 5.25% | 07/01/2024 | 125 | 126,290 | ||||||||||||
| ||||||||||||||||
St. Johns (County of), FL Industrial Development Authority (Vicar’s Landing); Series 2021, Ref. RB | 4.00% | 12/15/2023 | 120 | 119,948 | ||||||||||||
| ||||||||||||||||
Sunrise Lakes Phase 4 Recreation District; Series 2008, Ref. GO Bonds | 4.13% | 08/01/2024 | 20 | 20,014 | ||||||||||||
| ||||||||||||||||
Tallahassee (City of), FL; Series 2018, RB | 5.00% | 10/01/2029 | 1,715 | 1,733,374 | ||||||||||||
| ||||||||||||||||
98,934,668 | ||||||||||||||||
| ||||||||||||||||
Georgia–5.29% | ||||||||||||||||
Atlanta (City of), GA; Series 2014 A, Ref. RB(c)(f) | 5.00% | 01/01/2024 | 5,490 | 5,496,126 | ||||||||||||
| ||||||||||||||||
Burke (County of), GA Development Authority (Georgia Power Co. Plant Vogtle); | ||||||||||||||||
Series 2012, Ref. RB(c) | 2.88% | 08/19/2025 | 5,000 | 4,868,655 | ||||||||||||
| ||||||||||||||||
Series 2013, Ref. RB(c) | 2.93% | 03/12/2024 | 7,000 | 6,962,222 | ||||||||||||
| ||||||||||||||||
College Park (City of), GA (Atlanta International Airport); Series 2006 B, RB (INS - NATL)(b) | 4.38% | 01/01/2026 | 30 | 30,023 | ||||||||||||
| ||||||||||||||||
Fulton (County of), GA; Series 2013, Ref. RB | 5.00% | 01/01/2027 | 1,605 | 1,606,908 | ||||||||||||
| ||||||||||||||||
Georgia (State of) Municipal Electric Authority (Project One); | ||||||||||||||||
Series 2015 A, Ref. RB | 5.00% | 01/01/2031 | 1,820 | 1,845,268 | ||||||||||||
| ||||||||||||||||
Series 2015 A, Ref. RB | 5.00% | 01/01/2032 | 2,030 | 2,057,870 | ||||||||||||
| ||||||||||||||||
Georgia Municipal Association, Inc.; Series 1998, COP (INS - AGM)(b) | 5.00% | 12/01/2023 | 25 | 25,000 | ||||||||||||
| ||||||||||||||||
Main Street Natural Gas, Inc.; | ||||||||||||||||
Series 2019 B, RB(c) | 4.00% | 12/02/2024 | 14,225 | 14,195,684 | ||||||||||||
| ||||||||||||||||
Series 2021 A, RB(c) | 4.00% | 09/01/2027 | 5,120 | 5,095,875 | ||||||||||||
| ||||||||||||||||
Subseries 2018 C, RB(c)(f) | 4.00% | 12/01/2023 | 18,970 | 18,970,000 | ||||||||||||
| ||||||||||||||||
Subseries 2018 D, RB (SOFR + 0.83%)(c)(f)(i) | 4.46% | 12/01/2023 | 30,000 | 30,000,000 | ||||||||||||
| ||||||||||||||||
Milledgeville (City of) & Baldwin (County of), GA Development Authority; Series 2003 A, RB (INS - AGC)(b) | 4.50% | 09/01/2025 | 20 | 20,013 | ||||||||||||
| ||||||||||||||||
91,173,644 | ||||||||||||||||
| ||||||||||||||||
Hawaii–0.24% | ||||||||||||||||
Hawaii (State of); Series 2014 EO, GO Bonds | 5.00% | 08/01/2028 | 1,880 | 1,897,453 | ||||||||||||
| ||||||||||||||||
Honolulu (City & County of), HI; Series 2023, RB(c) | 5.00% | 06/01/2026 | 2,125 | 2,197,308 | ||||||||||||
| ||||||||||||||||
4,094,761 | ||||||||||||||||
| ||||||||||||||||
Illinois–5.66% | ||||||||||||||||
Bellwood (Village of), IL; Series 2016 A, Ref. GO Bonds (INS - AGM)(b) | 5.00% | 12/01/2026 | 210 | 222,265 | ||||||||||||
| ||||||||||||||||
Chicago (City of), IL; Series 1999, GO Bonds (INS - NATL)(b)(g) | 0.00% | 01/01/2024 | 6,110 | 6,091,792 | ||||||||||||
| ||||||||||||||||
Chicago (City of), IL (O’Hare International Airport); | ||||||||||||||||
Series 2012 B, Ref. RB(d) | 5.00% | 01/01/2024 | 9,045 | 9,049,148 | ||||||||||||
| ||||||||||||||||
Series 2016 C, Ref. RB | 5.00% | 01/01/2038 | 3,000 | 3,057,044 | ||||||||||||
| ||||||||||||||||
Chicago (City of), IL Board of Education; Series 2005 A, Ref. GO Bonds (INS - AMBAC)(b) | 5.50% | 12/01/2023 | 200 | 200,000 | ||||||||||||
| ||||||||||||||||
Chicago (City of), IL Midway International Airport; | ||||||||||||||||
Series 2014 A, Ref. RB(d) | 5.00% | 01/01/2034 | 2,090 | 2,090,094 | ||||||||||||
| ||||||||||||||||
Series 2014 B, Ref. RB(c)(f) | 5.00% | 02/06/2024 | 3,830 | 3,839,586 | ||||||||||||
| ||||||||||||||||
Chicago State University; Series 1998, RB (INS - NATL)(b) | 5.50% | 12/01/2023 | 465 | 465,000 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Municipal Fund |
Interest Rate | Maturity Date | Principal Amount (000) | Value | |||||||||||||
| ||||||||||||||||
Illinois–(continued) | ||||||||||||||||
Collinsville (City of), IL Area Recreation District; | ||||||||||||||||
Series 2004, GO Bonds (INS - NATL)(b) | 4.50% | 12/01/2023 | $ | 630 | $ | 630,000 | ||||||||||
| ||||||||||||||||
Series 2004, GO Bonds (INS - NATL)(b) | 4.60% | 12/01/2025 | 350 | 350,309 | ||||||||||||
| ||||||||||||||||
Series 2004, GO Bonds (INS - NATL)(b) | 4.65% | 12/01/2026 | 450 | 450,431 | ||||||||||||
| ||||||||||||||||
Series 2007, Ref. GO Bonds (INS - AMBAC)(b) | 4.00% | 12/01/2027 | 65 | 65,005 | ||||||||||||
| ||||||||||||||||
Cook County Community High School District No. 212 Leyden; Series 2016 C, RB (INS - BAM)(b) | 5.00% | 12/01/2028 | 2,385 | 2,421,125 | ||||||||||||
| ||||||||||||||||
Elk Grove Village (Village of), IL; Series 2017, GO Bonds | 5.00% | 01/01/2035 | 1,000 | 1,055,965 | ||||||||||||
| ||||||||||||||||
Illinois (State of); | ||||||||||||||||
Series 2016, GO Bonds | 5.00% | 11/01/2025 | 2,000 | 2,053,025 | ||||||||||||
| ||||||||||||||||
Series 2017 D, GO Bonds | 5.00% | 11/01/2025 | 3,275 | 3,363,373 | ||||||||||||
| ||||||||||||||||
Series 2018 A, GO Bonds | 4.00% | 05/01/2024 | 2,085 | 2,087,628 | ||||||||||||
| ||||||||||||||||
Series 2020 A, GO Bonds | 5.00% | 11/01/2026 | 2,935 | 3,059,502 | ||||||||||||
| ||||||||||||||||
Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.); Series 2002, RB(d) | 8.00% | 06/01/2032 | 560 | 560,383 | ||||||||||||
| ||||||||||||||||
Illinois (State of) Finance Authority; Series 2016 A, Ref. RB | 5.00% | 10/01/2035 | 2,000 | 2,070,267 | ||||||||||||
| ||||||||||||||||
Illinois (State of) Finance Authority (Advocate Health Care Network); | ||||||||||||||||
Series 2013, RB | 5.00% | 06/01/2024 | 1,220 | 1,220,881 | ||||||||||||
| ||||||||||||||||
Series 2014, Ref. RB | 5.00% | 08/01/2025 | 155 | 156,751 | ||||||||||||
| ||||||||||||||||
Illinois (State of) Finance Authority (Lutheran Communities Obligated Group); | ||||||||||||||||
Series 2019 A, Ref. RB | 5.00% | 11/01/2025 | 440 | 435,105 | ||||||||||||
| ||||||||||||||||
Series 2019 A, Ref. RB | 5.00% | 11/01/2026 | 460 | 451,818 | ||||||||||||
| ||||||||||||||||
Illinois (State of) Finance Authority (The University of Chicago); Series 2014 A, Ref. RB | 5.00% | 10/01/2027 | 10 | 10,112 | ||||||||||||
| ||||||||||||||||
Illinois (State of) Finance Authority (Uchicago Medicine); Series 2022 B-2, RB(c) | 5.00% | 08/15/2027 | 9,500 | 10,078,258 | ||||||||||||
| ||||||||||||||||
Illinois (State of) Housing Development Authority; Series 2005, RB (INS - AGM)(b) | 4.60% | 09/01/2025 | 10 | 10,011 | ||||||||||||
| ||||||||||||||||
Illinois (State of) Toll Highway Authority; | ||||||||||||||||
Series 2013 A, RB | 5.00% | 01/01/2031 | 11,035 | 11,048,808 | ||||||||||||
| ||||||||||||||||
Series 2013 A, RB | 5.00% | 01/01/2032 | 4,600 | 4,604,403 | ||||||||||||
| ||||||||||||||||
Series 2013 A, RB | 5.00% | 01/01/2038 | 2,740 | 2,740,151 | ||||||||||||
| ||||||||||||||||
Series 2014 B, RB | 5.00% | 01/01/2029 | 1,850 | 1,851,485 | ||||||||||||
| ||||||||||||||||
Series 2014 B, RB | 5.00% | 01/01/2031 | 1,190 | 1,191,325 | ||||||||||||
| ||||||||||||||||
Series 2016 B, RB | 5.00% | 01/01/2031 | 1,000 | 1,040,859 | ||||||||||||
| ||||||||||||||||
McHenry County Community Unit School District No. 12 Johnsburg; | ||||||||||||||||
Series 2014 A, GO Bonds (INS - AGM)(b) | 5.00% | 01/01/2031 | 2,005 | 2,007,544 | ||||||||||||
| ||||||||||||||||
Series 2014 A, GO Bonds (INS - AGM)(b) | 5.00% | 01/01/2033 | 1,405 | 1,406,783 | ||||||||||||
| ||||||||||||||||
Series 2014 A, GO Bonds (INS - AGM)(b) | 5.00% | 07/01/2034 | 2,810 | 2,813,566 | ||||||||||||
| ||||||||||||||||
Mount Vernon (City of), IL; Series 2020, Ref. GO Bonds (INS - BAM)(b) | 4.00% | 12/15/2023 | 1,805 | 1,805,298 | ||||||||||||
| ||||||||||||||||
Rockford (City of), IL (Waterworks System Alternative Revenue Source); Series 2010, GO Bonds | 3.75% | 12/15/2025 | 280 | 280,164 | ||||||||||||
| ||||||||||||||||
Sales Tax Securitization Corp.; Series 2017 A, Ref. RB | 5.00% | 01/01/2024 | 10,200 | 10,211,694 | ||||||||||||
| ||||||||||||||||
University of Illinois; Series 2008 A, Ref. COP (INS - AGM)(b) | 5.25% | 10/01/2026 | 1,020 | 1,021,710 | ||||||||||||
| ||||||||||||||||
University Park (Village of), IL; Series 2003, GO Bonds (INS - AMBAC)(b) | 4.65% | 12/01/2023 | 30 | 30,000 | ||||||||||||
| ||||||||||||||||
West Chicago Fire Protection District; Series 2008, GO Bonds (INS - NATL)(b) | 4.75% | 01/01/2029 | 15 | 15,015 | ||||||||||||
| ||||||||||||||||
97,613,683 | ||||||||||||||||
| ||||||||||||||||
Indiana–0.20% | ||||||||||||||||
Gary (City of), IN & Chicago (City of), IL International Airport Authority (Gary/Chicago | ||||||||||||||||
| ||||||||||||||||
International Airport); Series 2014, RB(d) | 5.50% | 02/01/2025 | 385 | 385,270 | ||||||||||||
| ||||||||||||||||
Indiana (State of) Finance Authority; Series 2014 A, RB | 5.00% | 10/01/2026 | 1,750 | 1,775,319 | ||||||||||||
| ||||||||||||||||
Indiana (State of) Municipal Power Agency; Series 2016 C, Ref. RB | 5.00% | 01/01/2039 | 1,000 | 1,023,082 | ||||||||||||
| ||||||||||||||||
Merrillville (Town of), IN (Belvedere Housing); Series 2016, RB | 5.05% | 04/01/2026 | 300 | 288,420 | ||||||||||||
| ||||||||||||||||
3,472,091 | ||||||||||||||||
| ||||||||||||||||
Iowa–1.14% | ||||||||||||||||
Iowa (State of) Finance Authority (Unitypoint Health); | ||||||||||||||||
Series 2014 C, RB | 5.00% | 02/15/2031 | 810 | 811,779 | ||||||||||||
| ||||||||||||||||
Series 2014 C, RB | 5.00% | 02/15/2032 | 3,405 | 3,412,176 | ||||||||||||
| ||||||||||||||||
Iowa (State of) Higher Education Loan Authority (Grinnell College); Series 2014, Ref. RB | 5.00% | 12/01/2032 | 1,675 | 1,704,967 | ||||||||||||
| ||||||||||||||||
PEFA, Inc.; Series 2019, RB(c) | 5.00% | 09/01/2026 | 13,500 | 13,697,944 | ||||||||||||
| ||||||||||||||||
19,626,866 | ||||||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Municipal Fund |
Interest Rate | Maturity Date | Principal Amount (000) | Value | |||||||||||||
| ||||||||||||||||
Kansas–0.52% | ||||||||||||||||
University of Kansas Hospital Authority; | ||||||||||||||||
Series 2015, Ref. RB | 5.00% | 09/01/2030 | $ | 1,930 | $ | 1,975,901 | ||||||||||
| ||||||||||||||||
Series 2015, Ref. RB | 5.00% | 09/01/2035 | 2,000 | 2,033,593 | ||||||||||||
| ||||||||||||||||
Valley Center (City of), KS; Series 2023-1, GO Bonds | 4.38% | 12/01/2025 | 5,000 | 5,016,858 | ||||||||||||
| ||||||||||||||||
9,026,352 | ||||||||||||||||
| ||||||||||||||||
Kentucky–2.17% | ||||||||||||||||
Jefferson County Capital Projects Corp.; Series 2007 A, Ref. RB (INS - AGM)(b) | 4.38% | 06/01/2028 | 25 | 25,028 | ||||||||||||
| ||||||||||||||||
Kentucky (Commonwealth of) Asset Liability Commission (2014 Federal Highway Trust Fund); Series 2014, Ref. RN | 5.00% | 09/01/2026 | 1,515 | 1,528,821 | ||||||||||||
| ||||||||||||||||
Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway); Series 2015 A, RB | 5.00% | 07/01/2025 | 1,635 | 1,655,386 | ||||||||||||
| ||||||||||||||||
Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health, Inc.); Series 2017 A, Ref. RB | 5.00% | 06/01/2024 | 1,000 | 1,001,230 | ||||||||||||
| ||||||||||||||||
Kentucky (Commonwealth of) Municipal Power Agency; Series 2015 A, Ref. RB (INS - NATL)(b) | 5.00% | 09/01/2026 | 2,000 | 2,041,734 | ||||||||||||
| ||||||||||||||||
Kentucky (Commonwealth of) Property & Building Commission (No. 119); | ||||||||||||||||
Series 2018, RB | 5.00% | 05/01/2027 | 4,750 | 5,076,784 | ||||||||||||
| ||||||||||||||||
Series 2018, RB | 5.00% | 05/01/2028 | 5,000 | 5,405,876 | ||||||||||||
| ||||||||||||||||
Kentucky (Commonwealth of) Public Energy Authority; | ||||||||||||||||
Series 2019 A-1, RB(c) | 4.00% | 06/01/2025 | 5,000 | 4,978,280 | ||||||||||||
| ||||||||||||||||
Series 2019 A-2, RB (1 mo. USD LIBOR + 1.12%)(c)(i) | 4.78% | 06/01/2025 | 10,000 | 9,979,884 | ||||||||||||
| ||||||||||||||||
Kentucky Public Energy Authority; Series 2018 A, RB | 4.00% | 04/01/2024 | 2,780 | 2,776,735 | ||||||||||||
| ||||||||||||||||
Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.); Series 2016 A, Ref. RB | 5.00% | 10/01/2032 | 2,660 | 2,736,810 | ||||||||||||
| ||||||||||||||||
Louisville (City of) & Jefferson (County of), KY Sewer District; Series 2013 B, | 5.00% | 01/24/2024 | 220 | 220,519 | ||||||||||||
| ||||||||||||||||
37,427,087 | ||||||||||||||||
| ||||||||||||||||
Louisiana–1.04% | ||||||||||||||||
Louisiana (State of); | ||||||||||||||||
Series 2022 A, Ref. RB (SOFR + 0.50%)(c)(i) | 4.23% | 05/01/2026 | 3,150 | 3,086,040 | ||||||||||||
| ||||||||||||||||
Series 2023 A-1, Ref. VRD RB (LOC - Toronto-dominion Bank)(a)(h) | 1.95% | 05/01/2043 | 11,840 | 11,840,000 | ||||||||||||
| ||||||||||||||||
Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Glen Retirement System); Series 2019 A, RB | 5.00% | 01/01/2024 | 175 | 174,745 | ||||||||||||
| ||||||||||||||||
New Orleans (City of), LA Aviation Board (Consolidated Rental Car); | ||||||||||||||||
Series 2018, Ref. RB (INS - AGM)(b) | 5.00% | 01/01/2036 | 1,250 | 1,339,845 | ||||||||||||
| ||||||||||||||||
Series 2018, Ref. RB (INS - AGM)(b) | 5.00% | 01/01/2037 | 1,440 | 1,534,859 | ||||||||||||
| ||||||||||||||||
17,975,489 | ||||||||||||||||
| ||||||||||||||||
Maine–0.39% | ||||||||||||||||
Maine (State of) State housing Authority (Social Bonds); Series 2023 B, RB(c) | 3.13% | 05/01/2024 | 5,000 | 4,974,811 | ||||||||||||
| ||||||||||||||||
Maine (State of) Turnpike Authority; Series 2014, RB | 5.00% | 07/01/2029 | 1,670 | 1,684,885 | ||||||||||||
| ||||||||||||||||
6,659,696 | ||||||||||||||||
| ||||||||||||||||
Maryland–2.21% | ||||||||||||||||
Maryland (State of) Health & Higher Educational Facilities Authority; Series 2017, Ref. RB | 5.00% | 07/01/2031 | 3,000 | 3,113,364 | ||||||||||||
| ||||||||||||||||
Maryland (State of) Health & Higher Educational Facilities Authority (MedStar Health); | ||||||||||||||||
Series 2013 B, RB | 5.00% | 08/15/2027 | 200 | 200,475 | ||||||||||||
| ||||||||||||||||
Series 2017 A, RB | 5.00% | 05/15/2042 | 1,875 | 1,919,115 | ||||||||||||
| ||||||||||||||||
Maryland Economic Development Corp. (CNX Marine Terminal, Inc. - Port of Baltimore Facility); Series 2010, Ref. RB | 5.75% | 09/01/2025 | 7,030 | 7,039,871 | ||||||||||||
| ||||||||||||||||
Montgomery (County of), MD; Series 2017 E, VRD GO Bonds(a) | 2.10% | 11/01/2037 | 9,700 | 9,700,000 | ||||||||||||
| ||||||||||||||||
Washington Metropolitan Area Transit Authority (Sustainability Bonds); Series 2015 B, VRD GO Bonds(a) | 2.14% | 06/01/2024 | 16,200 | 16,200,000 | ||||||||||||
| ||||||||||||||||
38,172,825 | ||||||||||||||||
| ||||||||||||||||
Massachusetts–1.56% | ||||||||||||||||
Cheshire (Town of), MA; Series 2009, GO Bonds (INS - AGM)(b) | 4.75% | 02/01/2024 | 10 | 10,017 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Municipal Fund |
Interest Rate | Maturity Date | Principal Amount (000) | Value | |||||||||||||
| ||||||||||||||||
Massachusetts–(continued) | ||||||||||||||||
Massachusetts (Commonwealth of); | ||||||||||||||||
Series 2016 A, GO Bonds | 5.00% | 03/01/2032 | $ | 1,780 | $ | 1,786,269 | ||||||||||
| ||||||||||||||||
Series 2018 C, GO Bonds | 5.00% | 05/01/2029 | 150 | 150,149 | ||||||||||||
| ||||||||||||||||
Series 2018 C, GO Bonds | 5.00% | 05/01/2030 | 100 | 100,097 | ||||||||||||
| ||||||||||||||||
Series 2018 C, GO Bonds | 5.00% | 05/01/2031 | 930 | 930,890 | ||||||||||||
| ||||||||||||||||
Series 2018 C, GO Bonds | 5.00% | 05/01/2032 | 1,245 | 1,246,178 | ||||||||||||
| ||||||||||||||||
Massachusetts (Commonwealth of) (Green Bonds); Series 2014 E, GO Bonds | 5.00% | 09/01/2024 | 680 | 680,955 | ||||||||||||
| ||||||||||||||||
Massachusetts (Commonwealth of) Development Finance Agency; Series 2007 C, RB (SIFMA Municipal Swap Index + 0.90%)(i) | 4.20% | 11/15/2032 | 2,405 | 2,293,400 | ||||||||||||
| ||||||||||||||||
Massachusetts (Commonwealth of) Development Finance Agency (Boston University); Series 2008 U-6E, Ref. VRD RB (LOC - TD Bank, N.A.)(a)(h) | 1.95% | 10/01/2042 | 9,705 | 9,705,000 | ||||||||||||
| ||||||||||||||||
Massachusetts (Commonwealth of) Water Resources Authority; Series 2008 A-1, Ref. VRD RB(a) | 3.32% | 08/01/2037 | 2,800 | 2,800,000 | ||||||||||||
| ||||||||||||||||
Rib Floater Trust; Series 2022-021, VRD RB(a)(e) | 2.21% | 06/01/2058 | 7,100 | 7,100,000 | ||||||||||||
| ||||||||||||||||
Waltham (City of), MA; | ||||||||||||||||
Series 2008, GO Bonds | 4.00% | 09/15/2024 | 25 | 25,019 | ||||||||||||
| ||||||||||||||||
Series 2008, GO Bonds | 4.20% | 09/15/2027 | 15 | 15,013 | ||||||||||||
| ||||||||||||||||
Worcester (City of), MA; Series 2006, GO Bonds (INS - SGI)(b) | 4.20% | 11/01/2024 | 10 | 10,008 | ||||||||||||
| ||||||||||||||||
26,852,995 | ||||||||||||||||
| ||||||||||||||||
Michigan–3.08% | ||||||||||||||||
Advanced Technology Academy; Series 2019, Ref. RB | 3.50% | 11/01/2024 | 130 | 127,947 | ||||||||||||
| ||||||||||||||||
Detroit (City of), MI; Series 2006, Ref. RB (3 mo. Term SOFR + 0.60%) (INS - AGM)(b)(i) | 4.39% | 07/01/2032 | 7,825 | 7,265,480 | ||||||||||||
| ||||||||||||||||
Michigan (State of) Building Authority (Facilities Program); Series 2023 I-M, VRD RB(a) | 3.41% | 04/15/2058 | 11,940 | 11,940,000 | ||||||||||||
| ||||||||||||||||
Michigan (State of) Finance Authority (Detroit Water & Sewerage Department); | ||||||||||||||||
Series 2014 D-4, Ref. RB | 5.00% | 07/01/2029 | 1,400 | 1,408,260 | ||||||||||||
| ||||||||||||||||
Series 2014 D-4, Ref. RB | 5.00% | 07/01/2032 | 3,890 | 3,909,866 | ||||||||||||
| ||||||||||||||||
Series 2014, Ref. RB | 5.00% | 07/01/2032 | 2,550 | 2,563,022 | ||||||||||||
| ||||||||||||||||
Michigan (State of) Finance Authority (Sparrow Obligated Group); Series 2015, Ref. RB(c)(f) | 5.00% | 05/15/2025 | 1,620 | 1,662,242 | ||||||||||||
| ||||||||||||||||
Michigan (State of) Hospital Finance Authority (Ascension Health Credit Group); Series 1999 B-4, RB | 5.00% | 11/15/2031 | 2,325 | 2,364,193 | ||||||||||||
| ||||||||||||||||
Michigan (State of) Housing Development Authority; Series 2021 A, RB | 0.55% | 04/01/2025 | 2,750 | 2,598,122 | ||||||||||||
| ||||||||||||||||
Muskegon Heights (City of), MI; Series 2006, Ref. RB (INS - NATL)(b) | 4.00% | 11/01/2026 | 185 | 184,744 | ||||||||||||
| ||||||||||||||||
Wayne (County of), MI Airport Authority (Detroit Metropolitan Wayne County Airport); | ||||||||||||||||
Series 2012 A, RB(c)(f) | 5.00% | 12/01/2023 | 2,135 | 2,135,000 | ||||||||||||
| ||||||||||||||||
Series 2012 A, RB(c)(f) | 5.00% | 12/01/2023 | 5,380 | 5,380,000 | ||||||||||||
| ||||||||||||||||
Series 2012 D, Ref. RB(c)(d)(f) | 5.00% | 12/01/2023 | 9,050 | 9,050,000 | ||||||||||||
| ||||||||||||||||
Wayne State University; | ||||||||||||||||
Series 2015 A, Ref. RB | 5.00% | 11/15/2026 | 175 | 177,875 | ||||||||||||
| ||||||||||||||||
Series 2015 A, Ref. RB | 5.00% | 11/15/2030 | 125 | 126,458 | ||||||||||||
| ||||||||||||||||
Series 2018 A, RB | 5.00% | 11/15/2038 | 2,220 | 2,272,380 | ||||||||||||
| ||||||||||||||||
53,165,589 | ||||||||||||||||
| ||||||||||||||||
Minnesota–1.07% | ||||||||||||||||
Minneapolis & St. Paul (Cities of), MN Metropolitan Airports Commission; | ||||||||||||||||
Series 2014 A, Ref. RB(c)(f) | 5.00% | 01/01/2024 | 2,150 | 2,152,317 | ||||||||||||
| ||||||||||||||||
Series 2014 A, Ref. RB(c)(f) | 5.00% | 01/01/2024 | 3,015 | 3,018,249 | ||||||||||||
| ||||||||||||||||
Series 2014 A, Ref. RB(c)(f) | 5.00% | 01/01/2024 | 4,100 | 4,104,419 | ||||||||||||
| ||||||||||||||||
Minneapolis (City of), MN (Riverton Community Housing); Series 2003, VRD RB | 3.55% | 10/01/2033 | 4,490 | 4,490,000 | ||||||||||||
| ||||||||||||||||
Minnesota (State of) Governmental Agency Finance Group (Flexible Term Program); Series 2007 A-1, RB (INS - AGC)(b) | 4.13% | 03/01/2027 | 15 | 15,001 | ||||||||||||
| ||||||||||||||||
Minnesota (State of) Higher Education Facilities Authority (University of St. Thomas); Series 2017 A, Ref. RB | 5.00% | 10/01/2029 | 1,400 | 1,489,419 | ||||||||||||
| ||||||||||||||||
Minnesota State Colleges And Universities Foundation; Series 2013 A, RB | 4.00% | 10/01/2025 | 1,000 | 1,000,345 | ||||||||||||
| ||||||||||||||||
Mounds View (City of), MN (Sherman Forbes); Series 2023 A, RB(c) | 4.05% | 11/01/2024 | 1,000 | 999,578 | ||||||||||||
| ||||||||||||||||
New Prague (City of), MN; Series 2009 A, GO Bonds | 4.15% | 02/01/2024 | 5 | 5,003 | ||||||||||||
| ||||||||||||||||
North Mankato (City of), MN; Series 2009 C, GO Bonds | 4.00% | 12/01/2024 | 10 | 10,006 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Municipal Fund |
Interest Rate | Maturity Date | Principal Amount (000) | Value | |||||||||||||
| ||||||||||||||||
Minnesota–(continued) | ||||||||||||||||
Northern Municipal Power Agency; | ||||||||||||||||
Series 2013 A, RB | 5.00% | 01/01/2030 | $ | 340 | $ | 340,392 | ||||||||||
| ||||||||||||||||
Series 2013 A, RB | 5.00% | 01/01/2031 | 460 | 460,531 | ||||||||||||
| ||||||||||||||||
St. Paul (City of), MN Housing & Redevelopment Authority (St. Paul City School); Series 2016 A, Ref. RB(c)(f) | 4.50% | 07/01/2026 | 280 | 284,643 | ||||||||||||
| ||||||||||||||||
18,369,903 | ||||||||||||||||
| ||||||||||||||||
Mississippi–0.00% | ||||||||||||||||
Mississippi Business Finance Corp. (Northrop Grumman Corp.); Series 2006, RB | 4.55% | 12/01/2028 | 25 | 24,595 | ||||||||||||
| ||||||||||||||||
Missouri–1.80% | ||||||||||||||||
Cassville School District No. R-IV; Series 2023, GO Bonds | 5.25% | 03/01/2039 | 2,220 | 2,349,806 | ||||||||||||
| ||||||||||||||||
Jackson County Consolidated School District No. 4; | ||||||||||||||||
Series 2022, GO Bonds | 5.00% | 03/01/2038 | 1,825 | 1,885,940 | ||||||||||||
| ||||||||||||||||
Series 2022, GO Bonds | 5.00% | 03/01/2039 | 3,005 | 3,099,274 | ||||||||||||
| ||||||||||||||||
Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community Improvement District); Series 2016 A, Ref. RB(e) | 4.25% | 04/01/2026 | 165 | 160,825 | ||||||||||||
| ||||||||||||||||
Lindbergh School District; Series 2019 A, GO Bonds | 5.00% | 03/01/2033 | 1,475 | 1,573,291 | ||||||||||||
| ||||||||||||||||
Missouri (State of) Health & Educational Facilities Authority; Series 2014, RB | 5.00% | 01/01/2030 | 1,000 | 1,002,626 | ||||||||||||
| ||||||||||||||||
Missouri (State of) Health & Educational Facilities Authority (St. Louis University); Series 2015 A, RB | 5.00% | 10/01/2038 | 4,500 | 4,615,024 | ||||||||||||
| ||||||||||||||||
Missouri (State of) Health & Educational Facilities Authority (St. Luke’s Health System, Inc.); Series 2016, Ref. RB | 5.00% | 11/15/2030 | 1,215 | 1,255,205 | ||||||||||||
| ||||||||||||||||
Missouri (State of) Housing Development Commission (First Place Homeownership Loan); Series 2023, RB (CEP - GNMA) | 5.75% | 05/01/2053 | 2,720 | 2,880,333 | ||||||||||||
| ||||||||||||||||
Missouri (State of) Joint Municipal Electric Utility Commission (Prairie State); Series 2015 A, Ref. RB | 5.00% | 06/01/2027 | 2,600 | 2,657,738 | ||||||||||||
| ||||||||||||||||
Missouri Western State University; Series 2012, Ref. RB | 3.00% | 10/01/2024 | 50 | 49,366 | ||||||||||||
| ||||||||||||||||
Rib Floater Trust; Series 2019-016, VRD RB (LOC - Barclays Bank PLC)(a)(e)(h) | 3.34% | 06/01/2045 | 9,400 | 9,400,000 | ||||||||||||
| ||||||||||||||||
Springfield Public Building Corp.; Series 2000 A, RB (INS - AMBAC)(b)(g) | 0.00% | 06/01/2025 | 120 | 111,825 | ||||||||||||
| ||||||||||||||||
31,041,253 | ||||||||||||||||
| ||||||||||||||||
Montana–1.23% | ||||||||||||||||
Mizuho Floater/Residual Trust; Series 2020-MIZ9027, VRD Revenue Ctfs. (LOC - Mizuho Capital Markets LLC)(a)(e)(h) | 3.70% | 01/01/2034 | 21,220 | 21,220,000 | ||||||||||||
| ||||||||||||||||
Nebraska–0.62% | ||||||||||||||||
Central Plains Energy Project; | ||||||||||||||||
Series 2019, Ref. RB | 4.00% | 08/01/2024 | 1,000 | 1,001,975 | ||||||||||||
| ||||||||||||||||
Series 2019, Ref. RB(c) | 4.00% | 08/01/2025 | 3,380 | 3,379,664 | ||||||||||||
| ||||||||||||||||
Gretna Public Schools; Series 2022 B, GO Bonds | 5.00% | 12/15/2027 | 1,000 | 1,036,903 | ||||||||||||
| ||||||||||||||||
Public Power Generation Agency; Series 2016, Ref. RB | 5.00% | 01/01/2032 | 2,980 | 3,090,135 | ||||||||||||
| ||||||||||||||||
Public Power Generation Agency (Whelan Energy Center Unit 2); Series 2015, Ref. RB | 5.00% | 01/01/2031 | 2,115 | 2,143,748 | ||||||||||||
| ||||||||||||||||
10,652,425 | ||||||||||||||||
| ||||||||||||||||
Nevada–0.59% | ||||||||||||||||
Clark (County of), NV Department of Aviation; | ||||||||||||||||
Series 2014 A-2, Ref. RB | 5.00% | 07/01/2029 | 1,200 | 1,209,474 | ||||||||||||
| ||||||||||||||||
Series 2014 A-2, Ref. RB | 5.00% | 07/01/2030 | 6,050 | 6,096,880 | ||||||||||||
| ||||||||||||||||
Las Vegas Valley Water District; Series 2016 B, Ref. GO Bonds | 5.00% | 06/01/2036 | 2,805 | 2,899,426 | ||||||||||||
| ||||||||||||||||
10,205,780 | ||||||||||||||||
| ||||||||||||||||
New Hampshire–0.53% | ||||||||||||||||
New Hampshire (State of) Business Finance Authority (Social Bonds); Series 2022-2A, RB | 4.00% | 10/20/2036 | 5,346 | 5,073,272 | ||||||||||||
| ||||||||||||||||
New Hampshire (State of) Health and Education Facilities Authority; Series 2016, Ref. RB | 5.50% | 06/01/2031 | 4,000 | 4,140,503 | ||||||||||||
| ||||||||||||||||
9,213,775 | ||||||||||||||||
| ||||||||||||||||
New Jersey–5.07% | ||||||||||||||||
Atlantic City (City of), NJ; Series 2017 A, Ref. GO Bonds (INS - BAM)(b) | 5.00% | 03/01/2027 | 250 | 264,943 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Municipal Fund |
Interest Rate | Maturity Date | Principal Amount (000) | Value | |||||||||||||
| ||||||||||||||||
New Jersey–(continued) | ||||||||||||||||
Camden (County of), NJ Improvement Authority (The) (Rowan University School of Osteopathic Medicine); | ||||||||||||||||
Series 2013 A, Ref. RB | 5.00% | 12/01/2027 | $ | 1,610 | $ | 1,611,010 | ||||||||||
| ||||||||||||||||
Series 2013, Ref. RB | 5.00% | 12/01/2032 | 2,235 | 2,235,990 | ||||||||||||
| ||||||||||||||||
Casino Reinvestment Development Authority, Inc.; Series 2004, RB (INS - AMBAC)(b) | 5.25% | 01/01/2024 | 1,500 | 1,500,768 | ||||||||||||
| ||||||||||||||||
Livingston (Township of), NJ; Series 2022, GO Notes | 5.00% | 12/12/2023 | 5,000 | 5,002,406 | ||||||||||||
| ||||||||||||||||
New Jersey (State of); Series 2020 A, GO Bonds | 5.00% | 06/01/2027 | 2,885 | 3,088,757 | ||||||||||||
| ||||||||||||||||
New Jersey (State of) Economic Development Authority; | ||||||||||||||||
Series 2004 A, RB(c)(f) | 5.25% | 07/01/2025 | 820 | 846,659 | ||||||||||||
| ||||||||||||||||
Series 2005 N-1, Ref. RB (INS - AMBAC)(b) | 5.50% | 09/01/2024 | 6,000 | 6,091,552 | ||||||||||||
| ||||||||||||||||
New Jersey (State of) Economic Development Authority (Rutgers University); Series 2013, RB | 5.00% | 06/15/2025 | 130 | 130,149 | ||||||||||||
| ||||||||||||||||
New Jersey (State of) Educational Facilities Authority (Montclair University); Series 2014, RB | 5.00% | 06/15/2026 | 1,000 | 1,008,576 | ||||||||||||
| ||||||||||||||||
New Jersey (State of) Health Care Facilities Financing Authority (Hackensack Meridian Health Obligated Group); Series 2017, Ref. RB | 5.00% | 07/01/2032 | 815 | 866,957 | ||||||||||||
| ||||||||||||||||
New Jersey (State of) Health Care Facilities Financing Authority (Inspira Health Obligated Group); Series 2016, Ref. RB | 5.00% | 07/01/2031 | 5,100 | 5,263,922 | ||||||||||||
| ||||||||||||||||
New Jersey (State of) Health Care Facilities Financing Authority (RWJ Barnabas Health Obligated Group); Series 2016 A, Ref. RB | 5.00% | 07/01/2031 | 8,840 | 9,279,853 | ||||||||||||
| ||||||||||||||||
New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds); Series 2022 I, RB | 5.00% | 10/01/2053 | 2,905 | 2,993,369 | ||||||||||||
| ||||||||||||||||
New Jersey (State of) Transportation Trust Fund Authority; | ||||||||||||||||
Series 2005 B, RB (INS - AMBAC)(b) | 5.25% | 12/15/2023 | 1,000 | 1,000,520 | ||||||||||||
| ||||||||||||||||
Series 2006 A, RB (INS - AGM)(b) | 5.25% | 12/15/2023 | 1,370 | 1,370,783 | ||||||||||||
| ||||||||||||||||
Series 2010 D, RB | 5.25% | 12/15/2023 | 4,505 | 4,507,342 | ||||||||||||
| ||||||||||||||||
Series 2016 A-1, RN | 5.00% | 06/15/2028 | 1,140 | 1,190,089 | ||||||||||||
| ||||||||||||||||
Series 2018 A, Ref. RN | 5.00% | 06/15/2029 | 5,000 | 5,213,168 | ||||||||||||
| ||||||||||||||||
New Jersey (State of) Turnpike Authority; | ||||||||||||||||
Series 2014 A, RB | 5.00% | 01/01/2027 | 8,650 | 8,713,635 | ||||||||||||
| ||||||||||||||||
Series 2014 A, RB | 5.00% | 01/01/2033 | 15,350 | 15,440,524 | ||||||||||||
| ||||||||||||||||
Series 2015 E, RB | 5.00% | 01/01/2032 | 2,060 | 2,092,820 | ||||||||||||
| ||||||||||||||||
Series 2015 E, RB | 5.00% | 01/01/2034 | 7,360 | 7,475,432 | ||||||||||||
| ||||||||||||||||
Salem (County of), NJ Pollution Control Financing Authority (Chambers); Series 2014 A, PCR(c)(d)(f) | 5.00% | 12/01/2023 | 225 | 225,000 | ||||||||||||
| ||||||||||||||||
87,414,224 | ||||||||||||||||
| ||||||||||||||||
New Mexico–1.00% | ||||||||||||||||
Albuquerque Municipal School District No. 12; | ||||||||||||||||
Series 2017, GO Bonds | 5.00% | 08/01/2029 | 2,575 | 2,708,754 | ||||||||||||
| ||||||||||||||||
Series 2017, GO Bonds | 5.00% | 08/01/2030 | 1,250 | 1,314,275 | ||||||||||||
| ||||||||||||||||
Series 2017, GO Bonds | 5.00% | 08/01/2031 | 1,700 | 1,785,189 | ||||||||||||
| ||||||||||||||||
Series 2017, GO Bonds | 5.00% | 08/01/2032 | 2,910 | 3,058,107 | ||||||||||||
| ||||||||||||||||
Farmington (City of), NM (Public Service Co. of New Mexico San Juan); Series 2010, Ref. RB(c) | 3.90% | 06/01/2028 | 3,700 | 3,700,333 | ||||||||||||
| ||||||||||||||||
New Mexico (State of) Finance Authority; | ||||||||||||||||
Series 2023 A-2, RB | 5.00% | 06/01/2028 | 450 | 462,218 | ||||||||||||
| ||||||||||||||||
Series 2023 A-2, RB | 5.00% | 06/01/2033 | 800 | 820,523 | ||||||||||||
| ||||||||||||||||
New Mexico Mortgage Finance Authority (Mountain View II & III Apartments); Series 2023, RB(c) | 5.00% | 09/01/2025 | 3,000 | 3,048,657 | ||||||||||||
| ||||||||||||||||
Saltillo Public Improvement District; | ||||||||||||||||
Series 2018, Ref. RB (INS - BAM)(b) | 4.00% | 10/01/2024 | 105 | 105,649 | ||||||||||||
| ||||||||||||||||
Series 2018, Ref. RB (INS - BAM)(b) | 4.00% | 10/01/2025 | 160 | 162,274 | ||||||||||||
| ||||||||||||||||
17,165,979 | ||||||||||||||||
| ||||||||||||||||
New York–13.99% | ||||||||||||||||
Erie (County of), NY Industrial Development Agency (The) (City of Buffalo School District); | ||||||||||||||||
Series 2013 A, RB(c)(f) | 5.00% | 02/22/2024 | 250 | 250,927 | ||||||||||||
| ||||||||||||||||
Series 2013 A, RB(c)(f) | 5.00% | 02/22/2024 | 970 | 973,597 | ||||||||||||
| ||||||||||||||||
Metropolitan Transportation Authority; | ||||||||||||||||
Series 2015 D-1, Ref. RB | 5.00% | 11/15/2024 | 115 | 116,767 | ||||||||||||
| ||||||||||||||||
Series 2015 F, Ref. RB | 5.00% | 11/15/2027 | 525 | 537,474 | ||||||||||||
| ||||||||||||||||
Subseries 2015 E-1, VRD RB (LOC - Barclays Bank PLC)(a)(h) | 2.10% | 11/15/2050 | 3,470 | 3,470,000 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Municipal Fund |
Interest Rate | Maturity Date | Principal Amount (000) | Value | |||||||||||||
| ||||||||||||||||
New York–(continued) | ||||||||||||||||
Metropolitan Transportation Authority (Green Bonds); | ||||||||||||||||
Series 2016 A2, Ref. RB | 4.00% | 11/15/2025 | $ | 145 | $ | 146,990 | ||||||||||
| ||||||||||||||||
Series 2017 B, Ref. RB | 5.00% | 11/15/2024 | 3,500 | 3,553,663 | ||||||||||||
| ||||||||||||||||
Series 2017 C-1, Ref. RB | 5.00% | 11/15/2026 | 605 | 636,605 | ||||||||||||
| ||||||||||||||||
Series 2018 B, Ref. RB | 5.00% | 11/15/2024 | 175 | 177,690 | ||||||||||||
| ||||||||||||||||
Monroe County Industrial Development Corp. (Rochester Schools Modernization); Series 2013, RB | 5.00% | 05/01/2024 | 125 | 125,172 | ||||||||||||
| ||||||||||||||||
Nassau County Local Economic Assistance Corp. (Catholic Health Services of Long Island Obligated Group); Series 2014, RB | 5.00% | 07/01/2032 | 1,500 | 1,506,614 | ||||||||||||
| ||||||||||||||||
Nassau County Tobacco Settlement Corp.; Series 2006 A-2, RB | 5.25% | 06/01/2026 | 2,479 | 2,449,294 | ||||||||||||
| ||||||||||||||||
New York & New Jersey (States of) Port Authority; | ||||||||||||||||
One Hundred Seventy Fifth Series 2012, RB | 5.00% | 12/01/2023 | 2,000 | 2,000,000 | ||||||||||||
| ||||||||||||||||
One Hundred Seventy Fifth Series 2012, RB | 5.00% | 12/01/2025 | 480 | 480,690 | ||||||||||||
| ||||||||||||||||
One Hundred Seventy Fifth Series 2012, RB | 4.00% | 12/01/2026 | 470 | 470,421 | ||||||||||||
| ||||||||||||||||
New York (City of), NY; | ||||||||||||||||
Subseries 2010 G-4, VRD GO Bonds(a) | 3.25% | 03/01/2039 | 10,000 | 10,000,000 | ||||||||||||
| ||||||||||||||||
Subseries 2014 I-2, VRD GO Bonds(a) | 2.15% | 03/01/2040 | 10,000 | 10,000,000 | ||||||||||||
| ||||||||||||||||
Subseries 2017 B, VRD GO Bonds(a) | 2.10% | 10/01/2046 | 5,100 | 5,100,000 | ||||||||||||
| ||||||||||||||||
New York (City of), NY Industrial Development Agency (123 Washington LLC); Series 2007, VRD RB (LOC - Bank of China Ltd.)(a)(h) | 2.45% | 10/01/2042 | 7,980 | 7,980,000 | ||||||||||||
| ||||||||||||||||
New York (City of), NY Municipal Water Finance Authority; | ||||||||||||||||
Series 2008 BB-2, VRD RB(a) | 2.15% | 06/15/2039 | 10,000 | 10,000,000 | ||||||||||||
| ||||||||||||||||
Series 2022 DD, Ref. VRD RB(a) | 3.50% | 06/15/2033 | 20,000 | 20,000,000 | ||||||||||||
| ||||||||||||||||
New York (City of), NY Transitional Finance Authority; | ||||||||||||||||
Series 2014 A-3, VRD RB(a) | 2.14% | 08/01/2043 | 5,000 | 5,000,000 | ||||||||||||
| ||||||||||||||||
Series 2014, RB | 5.00% | 02/01/2033 | 5,000 | 5,007,802 | ||||||||||||
| ||||||||||||||||
Series 2014, RB | 5.00% | 02/01/2035 | 4,900 | 4,905,448 | ||||||||||||
| ||||||||||||||||
Subseries 2010 A-4, VRD RB(a) | 2.10% | 08/01/2039 | 5,000 | 5,000,000 | ||||||||||||
| ||||||||||||||||
New York (State of) Dormitory Authority; | ||||||||||||||||
Series 2015 A, Ref. RB | 5.00% | 03/15/2031 | 1,860 | 1,895,408 | ||||||||||||
| ||||||||||||||||
Series 2015 A, Ref. RB | 5.00% | 03/15/2033 | 2,500 | 2,546,646 | ||||||||||||
| ||||||||||||||||
Series 2015 A-1, Ref. RB(e) | 4.80% | 12/01/2023 | 80 | 80,000 | ||||||||||||
| ||||||||||||||||
Series 2015 B, RB | 5.00% | 03/15/2032 | 4,140 | 4,255,883 | ||||||||||||
| ||||||||||||||||
Series 2016 D, Ref. RB | 5.00% | 02/15/2029 | 3,965 | 4,146,089 | ||||||||||||
| ||||||||||||||||
Series 2017 A, Ref. RB | 5.00% | 07/01/2034 | 1,410 | 1,494,577 | ||||||||||||
| ||||||||||||||||
New York (State of) Housing Finance Agency (160 Madison Avenue); | ||||||||||||||||
Series 2013 A, VRD RB (LOC - Landesbank Hessen-thrgn)(a)(h) | 2.17% | 11/01/2046 | 10,000 | 10,000,000 | ||||||||||||
| ||||||||||||||||
Series 2014 A, VRD RB (LOC - Landesbank Hessen-Thueringen Girozentrale)(a)(h) | 2.17% | 11/01/2046 | 10,000 | 10,000,000 | ||||||||||||
| ||||||||||||||||
New York (State of) Utility Debt Securitization Authority; | ||||||||||||||||
Series 2013 TE, RB(c)(f) | 5.00% | 03/14/2024 | 2,615 | 2,617,278 | ||||||||||||
| ||||||||||||||||
Series 2013 TE, RB(c)(f) | 5.00% | 03/14/2024 | 13,595 | 13,606,844 | ||||||||||||
| ||||||||||||||||
New York City Housing Development Corp. (Sustainability Bonds); Series 2020 I-2, RB (CEP - Federal Housing Administration)(c) | 0.70% | 05/01/2025 | 5,000 | 4,736,866 | ||||||||||||
| ||||||||||||||||
New York City Housing Development Corp. (Sustainable Development Bonds); | ||||||||||||||||
Series 2021 F-2, RB (CEP - Federal Housing Administration)(c) | 0.60% | 07/01/2025 | 980 | 921,415 | ||||||||||||
| ||||||||||||||||
Series 2022 2B, RB (CEP - Federal Housing Administration)(c) | 3.40% | 12/22/2026 | 12,845 | 12,644,194 | ||||||||||||
| ||||||||||||||||
New York State Urban Development Corp.; | ||||||||||||||||
Series 2013 C, RB(c)(f) | 5.00% | 12/26/2023 | 275 | 275,329 | ||||||||||||
| ||||||||||||||||
Series 2013 E, RB(c)(f) | 5.00% | 12/26/2023 | 7,140 | 7,148,534 | ||||||||||||
| ||||||||||||||||
Series 2013 E, RB(c)(f) | 5.00% | 12/26/2023 | 10,695 | 10,707,783 | ||||||||||||
| ||||||||||||||||
New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport); Series 2020, Ref. RB(d) | 5.25% | 08/01/2031 | 9,075 | 9,328,816 | ||||||||||||
| ||||||||||||||||
New York Transportation Development Corp. (American Airlines, Inc.); | ||||||||||||||||
Series 2016, Ref. RB(d) | 5.00% | 08/01/2026 | 8,830 | 8,830,337 | ||||||||||||
| ||||||||||||||||
Series 2016, Ref. RB(d) | 5.00% | 08/01/2031 | 20,070 | 20,068,657 | ||||||||||||
| ||||||||||||||||
Orange County Funding Corp. (Mount St. Mary College); Series 2012 B, RB | 4.00% | 07/01/2024 | 695 | 694,722 | ||||||||||||
| ||||||||||||||||
Rib Floater Trust; Series 2022-003, VRD RB(a)(e) | 3.65% | 11/01/2041 | 10,000 | 10,000,000 | ||||||||||||
| ||||||||||||||||
Suffolk Tobacco Asset Securitization Corp.; Series 2021, Ref. RB | 4.00% | 06/01/2050 | 2,280 | 2,207,520 | ||||||||||||
| ||||||||||||||||
Westchester County Local Development Corp.; Series 2021, Ref. RB(e) | 2.88% | 07/01/2026 | 3,180 | 3,040,741 | ||||||||||||
| ||||||||||||||||
241,136,793 | ||||||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Municipal Fund |
Interest Rate | Maturity Date | Principal Amount (000) | Value | |||||||||||||
| ||||||||||||||||
North Carolina–0.41% | ||||||||||||||||
Charlotte-Mecklenburg Hospital Authority (The) (Atrium Health); Series 2018 E, RB(c) | 0.80% | 10/31/2025 | $ | 5,000 | $ | 4,741,534 | ||||||||||
| ||||||||||||||||
Charlotte-Mecklenburg Hospital Authority (The) (Carolinas Health Care Systems); Series 2013 A, Ref. RB | 5.00% | 01/15/2026 | 230 | 230,052 | ||||||||||||
| ||||||||||||||||
North Carolina (State of) Turnpike Authority; Series 2017, Ref. RB | 5.00% | 01/01/2025 | 2,025 | 2,059,279 | ||||||||||||
| ||||||||||||||||
University of North Carolina; Series 2008 A, RB (INS - AGC)(b) | 4.75% | 10/01/2028 | 10 | 10,010 | ||||||||||||
| ||||||||||||||||
7,040,875 | ||||||||||||||||
| ||||||||||||||||
North Dakota–0.29% | ||||||||||||||||
North Dakota (State of) Housing Finance Agency; Series 2017 H, VRD RB(a) | 3.30% | 07/01/2039 | 5,000 | 5,000,000 | ||||||||||||
| ||||||||||||||||
Ohio–2.96% | ||||||||||||||||
American Municipal Power, Inc. (Prairie State Energy); | ||||||||||||||||
Series 2015 A, Ref. RB | 5.00% | 02/15/2028 | 9,895 | 9,920,329 | ||||||||||||
| ||||||||||||||||
Series 2015 A, Ref. RB | 5.00% | 02/15/2029 | 6,960 | 6,977,678 | ||||||||||||
| ||||||||||||||||
Cleveland (City of), OH; Series 2016 B, Ref. RB (INS - AGM)(b) | 5.00% | 01/01/2024 | 2,040 | 2,042,432 | ||||||||||||
| ||||||||||||||||
Columbus (City of), OH; Series 2018 A, GO Bonds | 5.00% | 04/01/2030 | 5,335 | 5,859,188 | ||||||||||||
| ||||||||||||||||
Columbus City School District (Construction and Improvement); Series 2016 A, Ref. GO Bonds | 5.00% | 12/01/2031 | 3,260 | 3,416,548 | ||||||||||||
| ||||||||||||||||
Cuyahoga (County of), OH (Shaker Square); Series 2010 D, Ref. RB | 5.00% | 12/01/2025 | 565 | 565,747 | ||||||||||||
| ||||||||||||||||
Dayton (City of), OH (James M. Cox); Series 2014 A, Ref. RB (INS - AGM)(b)(d) | 5.00% | 12/01/2026 | 1,335 | 1,335,295 | ||||||||||||
| ||||||||||||||||
Greater Cincinnati (Port of), OH Development Authority (IPS Cincinnati LLC); Series 2021, RB(c) | 4.38% | 06/15/2026 | 1,500 | 1,444,882 | ||||||||||||
| ||||||||||||||||
Hamilton (County of), OH (UC Health); | ||||||||||||||||
Series 2014, RB | 5.00% | 02/01/2027 | 465 | 465,545 | ||||||||||||
| ||||||||||||||||
Series 2014, RB | 5.00% | 02/01/2028 | 465 | 465,591 | ||||||||||||
| ||||||||||||||||
Series 2014, RB | 5.00% | 02/01/2029 | 425 | 425,543 | ||||||||||||
| ||||||||||||||||
Ohio (State of); | ||||||||||||||||
Series 2015, VRD RB(a) | 3.75% | 01/15/2045 | 5,000 | 5,000,000 | ||||||||||||
| ||||||||||||||||
Series 2017 A, GO Bonds | 5.00% | 09/01/2031 | 3,335 | 3,346,833 | ||||||||||||
| ||||||||||||||||
Series 2017 A, GO Bonds | 5.00% | 03/15/2032 | 1,155 | 1,159,233 | ||||||||||||
| ||||||||||||||||
Ohio (State of) (Cleveland Clinic Health System Obligated Group); Series 2018, Ref. RB(e) | 5.00% | 12/01/2023 | 1,050 | 1,050,000 | ||||||||||||
| ||||||||||||||||
Ohio (State of) Higher Educational Facility Commission; Series 2006, RB (CPI Rate + 1.12%) (INS - AMBAC)(b)(i) | 6.11% | 12/01/2023 | 2,460 | 2,460,000 | ||||||||||||
| ||||||||||||||||
Ohio (State of) Higher Educational Facility Commission (University of Dayton); Series 2018, Ref. RB | 5.00% | 12/01/2035 | 2,000 | 2,115,575 | ||||||||||||
| ||||||||||||||||
RiverSouth Authority; Series 2007 A, RB | 5.75% | 12/01/2027 | 490 | 487,759 | ||||||||||||
| ||||||||||||||||
Stark (County of), OH; Series 2004, GO Bonds (INS - NATL)(b) | 4.38% | 12/01/2024 | 5 | 5,005 | ||||||||||||
| ||||||||||||||||
Westerville City School District; Series 2018, COP | 5.00% | 12/01/2039 | 2,450 | 2,562,140 | ||||||||||||
| ||||||||||||||||
51,105,323 | ||||||||||||||||
| ||||||||||||||||
Oklahoma–0.67% | ||||||||||||||||
Oklahoma (State of) Capitol Improvement Authority; | ||||||||||||||||
Series 2014 A, Ref. RB | 5.00% | 07/01/2028 | 1,000 | 1,006,127 | ||||||||||||
| ||||||||||||||||
Series 2014 A, Ref. RB | 5.00% | 07/01/2029 | 4,000 | 4,024,054 | ||||||||||||
| ||||||||||||||||
Series 2014 A, Ref. RB | 5.00% | 07/01/2030 | 1,500 | 1,509,020 | ||||||||||||
| ||||||||||||||||
Oklahoma (State of) Capitol Improvement Authority (Capitol Repair); Series 2018 C, RB | 5.00% | 01/01/2038 | 2,320 | 2,433,486 | ||||||||||||
| ||||||||||||||||
Oklahoma (State of) Development Finance Authority (Sommerset); Series 2015, RB | 5.00% | 07/01/2025 | 815 | 805,283 | ||||||||||||
| ||||||||||||||||
University of Oklahoma (The); | ||||||||||||||||
Series 2014 C, Ref. RB | 5.00% | 07/01/2024 | 1,000 | 1,001,176 | ||||||||||||
| ||||||||||||||||
Series 2014 C, Ref. RB | 5.00% | 07/01/2027 | 500 | 500,298 | ||||||||||||
| ||||||||||||||||
Series 2014 C, Ref. RB | 5.00% | 07/01/2029 | 250 | 250,166 | ||||||||||||
| ||||||||||||||||
11,529,610 | ||||||||||||||||
| ||||||||||||||||
Oregon–0.33% | ||||||||||||||||
Multnomah (County of), OR Hospital Facilities Authority (Green Bonds); | ||||||||||||||||
Series 2021 B, Ref. RB | 1.20% | 06/01/2028 | 1,150 | 977,374 | ||||||||||||
| ||||||||||||||||
Series 2021 B2, Ref. RB | 0.95% | 06/01/2027 | 2,965 | 2,604,633 | ||||||||||||
| ||||||||||||||||
Oregon (State of); Series 2020 J, Ref. VRD GO Bonds(a) | 2.00% | 06/01/2039 | 600 | 600,000 | ||||||||||||
| ||||||||||||||||
Oregon Health & Science University; Series 2016 B, Ref. RB | 5.00% | 07/01/2039 | 1,390 | 1,434,161 | ||||||||||||
| ||||||||||||||||
5,616,168 | ||||||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Municipal Fund |
Interest Rate | Maturity Date | Principal Amount (000) | Value | |||||||||||||
| ||||||||||||||||
Pennsylvania–6.16% | ||||||||||||||||
Allegheny (County of), PA Higher Education Building Authority (Robert Morris University); Series 2017, RB | 5.00% | 10/15/2026 | $ | 325 | $ | 328,441 | ||||||||||
| ||||||||||||||||
Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue); Series 2018, Ref. RB | 5.00% | 04/01/2033 | 3,800 | 4,022,332 | ||||||||||||
| ||||||||||||||||
Allegheny (County of), PA Sanitary Authority; Series 2013, RB (INS - BAM)(b) | 5.00% | 12/01/2028 | 145 | 145,150 | ||||||||||||
| ||||||||||||||||
Chester (County of), PA Health & Education Facilities Authority (Main Line Health System); Series 2017 A, Ref. RB | 5.00% | 10/01/2035 | 2,025 | 2,127,778 | ||||||||||||
| ||||||||||||||||
Coatesville Area School District Building Authority; | ||||||||||||||||
Series 2018, RB (INS - BAM)(b) | 5.00% | 12/01/2023 | 400 | 400,000 | ||||||||||||
| ||||||||||||||||
Series 2018, RB (INS - BAM)(b) | 5.00% | 12/01/2024 | 425 | 425,475 | ||||||||||||
| ||||||||||||||||
Geisinger Authority (Geisinger Health System); Series 2014 B, Ref. RB (1 mo. USD LIBOR + 1.07%)(c)(i) | 4.73% | 06/01/2024 | 13,600 | 13,615,286 | ||||||||||||
| ||||||||||||||||
Montgomery (County of), PA Higher Education & Health Authority (Holy Redeemer Health System); Series 2014 A, Ref. RB | 5.00% | 10/01/2024 | 1,165 | 1,166,971 | ||||||||||||
| ||||||||||||||||
Montgomery (County of), PA Industrial Development Authority; Series 2023, RB(c) | 4.10% | 04/03/2028 | 3,000 | 3,008,131 | ||||||||||||
| ||||||||||||||||
Pennsylvania (Commonwealth of); | ||||||||||||||||
First series 2013, GO Bonds | 4.00% | 04/01/2029 | 2,150 | 2,151,060 | ||||||||||||
| ||||||||||||||||
Second series 2013, GO Bonds | 5.00% | 10/15/2030 | 2,000 | 2,003,073 | ||||||||||||
| ||||||||||||||||
Second series 2013, GO Bonds | 5.00% | 10/15/2031 | 1,000 | 1,000,917 | ||||||||||||
| ||||||||||||||||
Second Series 2013, GO Bonds | 5.00% | 10/15/2025 | 100 | 100,150 | ||||||||||||
| ||||||||||||||||
Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Thomas Jefferson University); Series 2015 B, VRD RB(a) | 3.85% | 09/01/2045 | 45,095 | 45,095,000 | ||||||||||||
| ||||||||||||||||
Pennsylvania (Commonwealth of) Turnpike Commission; | ||||||||||||||||
Series 2014 B, RB | 5.00% | 12/01/2031 | 1,000 | 1,014,963 | ||||||||||||
| ||||||||||||||||
Series 2016 A, Ref. RB | 5.00% | 12/01/2030 | 9,990 | 10,473,739 | ||||||||||||
| ||||||||||||||||
Series 2016 B, Ref. RB (INS - AGM)(b) | 5.00% | 06/01/2029 | 800 | 836,528 | ||||||||||||
| ||||||||||||||||
Series 2020, Ref. VRD RB (LOC - TD Bank, N.A.)(a)(h) | 3.25% | 12/01/2039 | 7,720 | 7,720,000 | ||||||||||||
| ||||||||||||||||
Philadelphia (City of), PA; | ||||||||||||||||
Series 2016, Ref. RB | 5.00% | 10/01/2031 | 3,270 | 3,388,575 | ||||||||||||
| ||||||||||||||||
Series 2016, Ref. RB | 5.00% | 10/01/2032 | 1,400 | 1,448,102 | ||||||||||||
| ||||||||||||||||
Sayre (City of), PA Health Care Facilities Authority (Guthrie Health); Series 2007, RB (3 mo. USD LIBOR + 0.78%)(i) | 4.56% | 12/01/2024 | 15 | 15,000 | ||||||||||||
| ||||||||||||||||
Washington (County of), PA Authority; Series 2004, Ref. VRD RB(a) | 3.13% | 07/01/2034 | 4,770 | 4,770,000 | ||||||||||||
| ||||||||||||||||
Washington (County of), PA Redevelopment Authority (Victory Centre); Series 2018, Ref. RB | 5.00% | 07/01/2028 | 1,025 | 1,022,889 | ||||||||||||
| ||||||||||||||||
106,279,560 | ||||||||||||||||
| ||||||||||||||||
Puerto Rico–0.37% | ||||||||||||||||
Puerto Rico (Commonwealth of) Electric Power Authority; | ||||||||||||||||
Series 2005 RR, RB (INS - AGC)(b) | 5.00% | 07/01/2026 | 100 | 99,686 | ||||||||||||
| ||||||||||||||||
Series 2005 RR, RB (INS - SGI)(b) | 5.00% | 07/01/2026 | 3,905 | 3,873,519 | ||||||||||||
| ||||||||||||||||
Series 2005 RR, RB (INS - SGI)(b) | 5.00% | 07/01/2027 | 1,505 | 1,491,142 | ||||||||||||
| ||||||||||||||||
Series 2007 UU, Ref. RB (INS - AGM)(b) | 5.00% | 07/01/2024 | 500 | 499,632 | ||||||||||||
| ||||||||||||||||
Series 2008 WW, RB (INS - AGC)(b) | 5.25% | 07/01/2033 | 500 | 499,987 | ||||||||||||
| ||||||||||||||||
6,463,966 | ||||||||||||||||
| ||||||||||||||||
Rhode Island–0.49% | ||||||||||||||||
Rhode Island Health and Educational Building Corp.; Series 2017 G, RB (INS - AGM)(b) | 5.00% | 05/15/2039 | 2,520 | 2,613,346 | ||||||||||||
| ||||||||||||||||
Tobacco Settlement Financing Corp.; Series 2015 B, Ref. RB | 4.50% | 06/01/2045 | 5,980 | 5,819,268 | ||||||||||||
| ||||||||||||||||
8,432,614 | ||||||||||||||||
| ||||||||||||||||
South Carolina–1.10% | ||||||||||||||||
Dorchester County School District No. 2; Series 2015, Ref. RB | 5.00% | 12/01/2030 | 2,220 | 2,221,795 | ||||||||||||
| ||||||||||||||||
Florence & Darlington (Counties of), SC Commission for Technical Education; Series 2014, Ref. RB | 5.00% | 03/01/2028 | 620 | 620,836 | ||||||||||||
| ||||||||||||||||
Piedmont Municipal Power Agency; Series 2021 C, Ref. RB | 5.00% | 01/01/2032 | 4,000 | 4,145,838 | ||||||||||||
| ||||||||||||||||
South Carolina (State of) Jobs-Economic Development Authority (Prisma Health Obligated Group); Series 2018 C, VRD RB(a) | 3.88% | 05/01/2048 | 10,000 | 10,000,000 | ||||||||||||
| ||||||||||||||||
South Carolina (State of) Public Service Authority; Series 2016 A, Ref. RB | 5.00% | 12/01/2029 | 1,885 | 1,947,229 | ||||||||||||
| ||||||||||||||||
18,935,698 | ||||||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Municipal Fund |
Interest Rate | Maturity Date | Principal Amount (000) | Value | |||||||||||||
| ||||||||||||||||
South Dakota–0.33% | ||||||||||||||||
South Dakota (State of) Housing Development Authority; Series 2009 A, VRD RB(a) | 3.55% | 11/01/2048 | $ | 5,710 | $ | 5,710,000 | ||||||||||
| ||||||||||||||||
Tennessee–0.87% | ||||||||||||||||
Nashville (City of) & Davidson (County of), TN Metropolitan Government; | ||||||||||||||||
Series 2013 A, Ref. RB | 5.00% | 05/15/2027 | 130 | 130,128 | ||||||||||||
| ||||||||||||||||
Series 2013 A, Ref. RB | 5.00% | 05/15/2029 | 780 | 780,706 | ||||||||||||
| ||||||||||||||||
Series 2013, Ref. GO Bonds | 5.00% | 07/01/2024 | 120 | 120,106 | ||||||||||||
| ||||||||||||||||
Tennessee Energy Acquisition Corp.; Series 2018, RB(c) | 4.00% | 11/01/2025 | 10,130 | 10,066,595 | ||||||||||||
| ||||||||||||||||
Tennessee Housing Development Agency (Social Bonds); Series 2022, RB | 5.50% | 01/01/2053 | 3,740 | 3,918,291 | ||||||||||||
| ||||||||||||||||
15,015,826 | ||||||||||||||||
| ||||||||||||||||
Texas–12.08% | ||||||||||||||||
Alamo Community College District; Series 2007, GO Bonds (INS - NATL)(b) | 4.50% | 08/15/2033 | 590 | 590,228 | ||||||||||||
| ||||||||||||||||
Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.); Series 2021, RB(c)(e) | 4.50% | 06/15/2026 | 1,100 | 1,089,115 | ||||||||||||
| ||||||||||||||||
Bexar (County of), TX Hospital District; | ||||||||||||||||
Series 2018, Ctfs. of Obligation | 5.00% | 02/15/2029 | 1,000 | 1,001,874 | ||||||||||||
| ||||||||||||||||
Series 2018, Ctfs. of Obligation | 5.00% | 02/15/2030 | 1,895 | 1,898,550 | ||||||||||||
| ||||||||||||||||
Boerne Independent School District; Series 2022, GO Bonds (CEP - Texas Permanent School Fund)(c) | 3.85% | 12/01/2027 | 2,570 | 2,652,749 | ||||||||||||
| ||||||||||||||||
Calhoun (County of), TX Navigation Industrial Development Authority (Max Midstream Texas LLC); Series 2021, RN(d)(e) | 3.63% | 07/01/2026 | 4,000 | 3,684,952 | ||||||||||||
| ||||||||||||||||
Clear Creek Independent School District; Series 2014 D, GO Bonds(c)(f) | 5.00% | 02/15/2024 | 2,820 | 2,829,225 | ||||||||||||
| ||||||||||||||||
Conroe Independent School District; Series 2016 A, Ref. GO Bonds (CEP - Texas Permanent School Fund) | 5.00% | 02/15/2028 | 7,810 | 8,144,188 | ||||||||||||
| ||||||||||||||||
Cypress-Fairbanks Independent School District; Series 2014 C, Ref. GO Bonds(c)(f) | 5.00% | 02/15/2024 | 1,500 | 1,504,907 | ||||||||||||
| ||||||||||||||||
Dallas (City of) TX; Series 2017, RB | 5.00% | 10/01/2031 | 1,745 | 1,874,018 | ||||||||||||
| ||||||||||||||||
Dallas (City of), TX; Series 2014, Ref. GO Bonds (INS - BAM)(b) | 5.00% | 02/15/2029 | 1,065 | 1,068,002 | ||||||||||||
| ||||||||||||||||
Dallas (City of), TX (Dallas, Denton, Collin and Rockwall Counties); Series 2016 A, Ref. RB | 5.00% | 10/01/2041 | 1,000 | 1,030,118 | ||||||||||||
| ||||||||||||||||
Dallas (County of), TX; Series 2016, Ctfs. of Obligation | 5.00% | 08/15/2029 | 4,605 | 4,853,650 | ||||||||||||
| ||||||||||||||||
Dallas College; Series 2022, GO Bonds | 5.00% | 02/15/2035 | 1,000 | 1,023,345 | ||||||||||||
| ||||||||||||||||
Denton (City of), TX; | ||||||||||||||||
Series 2017, RB | 5.00% | 12/01/2030 | 1,320 | 1,377,407 | ||||||||||||
| ||||||||||||||||
Series 2017, RB | 5.00% | 12/01/2035 | 3,240 | 3,343,858 | ||||||||||||
| ||||||||||||||||
El Paso (County of), TX Hospital District; Series 2013, Ctfs. of Obligation | 5.00% | 08/15/2025 | 675 | 675,561 | ||||||||||||
| ||||||||||||||||
Fort Bend Independent School District (2023 Remarketing); Series 2022 B, GO Bonds (CEP - Texas Permanent School Fund)(c) | 3.65% | 08/01/2024 | 5,000 | 4,999,256 | ||||||||||||
| ||||||||||||||||
Frisco Independent School District; Series 2016 B, GO Bonds (CEP - Texas Permanent School Fund) | 5.00% | 08/15/2034 | 2,020 | 2,118,884 | ||||||||||||
| ||||||||||||||||
Goose Creek Consolidated Independent School District; Series 2016 A, Ref. GO Bonds (CEP - Texas Permanent School Fund) | 5.00% | 02/15/2029 | 5,000 | 5,211,779 | ||||||||||||
| ||||||||||||||||
Grand Prairie Independent School District; Series 2011, Ref. GO Bonds (CEP - Texas Permanent School Fund) | 4.00% | 02/15/2026 | 675 | 675,207 | ||||||||||||
| ||||||||||||||||
Guadalupe (County of) & Seguin (City of), TX Hospital Board of Managers; | ||||||||||||||||
Series 2015, Ref. RB | 5.00% | 12/01/2023 | 1,200 | 1,200,000 | ||||||||||||
| ||||||||||||||||
Series 2015, Ref. RB | 5.00% | 12/01/2024 | 1,865 | 1,859,312 | ||||||||||||
| ||||||||||||||||
Harris & Montgomery (Counties of), TX Municipal Utility District No. 386; Series 2014, GO Bonds (INS - AGM)(b) | 4.00% | 09/01/2030 | 620 | 620,316 | ||||||||||||
| ||||||||||||||||
Harris (County of), TX; Series 2014 A, Ref. GO Bonds | 5.00% | 10/01/2031 | 2,035 | 2,058,128 | ||||||||||||
| ||||||||||||||||
Harris County Cultural Education Facilities Finance Corp. (Memorial Hermann Health System); Series 2016, RB | 5.00% | 07/01/2038 | 1,605 | 1,642,802 | ||||||||||||
| ||||||||||||||||
Harris County Industrial Development Corp. (Energy Transfer L.P.); Series 2023, Ref. RB(c) | 4.05% | 06/01/2033 | 2,775 | 2,764,612 | ||||||||||||
| ||||||||||||||||
Houston (City of), TX; Series 2018 C, Ref. VRD RB (LOC - Barclays Bank PLC)(a)(h) | 3.39% | 05/15/2034 | 16,670 | 16,670,000 | ||||||||||||
| ||||||||||||||||
Lamar Consolidated Independent School District; Series 2018, GO Bonds (CEP - Texas Permanent School Fund) | 5.00% | 02/15/2043 | 1,000 | 1,032,502 | ||||||||||||
| ||||||||||||||||
Leander (City of), TX; Series 2015, Ctfs. of Obigations | 5.00% | 08/15/2030 | 1,020 | 1,028,824 | ||||||||||||
| ||||||||||||||||
Leander Independent School District; Series 2015 A, Ref. GO Bonds (CEP - Texas Permanent School Fund) | 5.00% | 08/15/2040 | 3,000 | 3,036,485 | ||||||||||||
| ||||||||||||||||
Mission Economic Development Corp. (Natgasoline); Series 2018, Ref. RB(d)(e) | 4.63% | 10/01/2031 | 1,000 | 971,483 | ||||||||||||
| ||||||||||||||||
Mueller Local Government Corp.; Series 2009, RB | 4.25% | 09/01/2029 | 30 | 30,025 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Municipal Fund |
Interest Rate | Maturity Date | Principal Amount (000) | Value | |||||||||||||
| ||||||||||||||||
Texas–(continued) | ||||||||||||||||
New Hope Cultural Education Facilities Finance Corp. (CHF - Collegiate Housing San Antonio I, LLC - Texas A&M University); Series 2016 A, RB(c)(f) | 5.00% | 04/01/2024 | $ | 405 | $ | 407,089 | ||||||||||
| ||||||||||||||||
North Harris (County of), TX Regional Water Authority; Series 2013, Ref. RB (INS - BAM)(b) | 5.00% | 12/15/2030 | 205 | 205,183 | ||||||||||||
| ||||||||||||||||
North Texas Tollway Authority; | ||||||||||||||||
Series 2016 A, Ref. RB | 5.00% | 01/01/2025 | 1,310 | 1,311,647 | ||||||||||||
| ||||||||||||||||
Series 2017 A, RB | 5.00% | 01/01/2025 | 55 | 55,067 | ||||||||||||
| ||||||||||||||||
Series 2017 B, Ref. RB | 5.00% | 01/01/2024 | 50 | 50,057 | ||||||||||||
| ||||||||||||||||
Series 2017 B, Ref. RB | 5.00% | 01/01/2025 | 15 | 15,018 | ||||||||||||
| ||||||||||||||||
Series 2022 B, Ref. RB | 5.00% | 01/01/2024 | 2,620 | 2,623,625 | ||||||||||||
| ||||||||||||||||
Pearland (City of), TX; Series 2014, Ref. GO Bonds | 5.00% | 03/01/2025 | 200 | 200,226 | ||||||||||||
| ||||||||||||||||
Pecos Barstow Toyah Independent School District; | ||||||||||||||||
Series 2023, GO Bonds (CEP - Texas Permanent School Fund) | 5.00% | 02/15/2038 | 1,350 | 1,381,997 | ||||||||||||
| ||||||||||||||||
Series 2023, GO Bonds (CEP - Texas Permanent School Fund) | 5.00% | 02/15/2040 | 1,885 | 1,924,890 | ||||||||||||
| ||||||||||||||||
Plano (City of), TX; Series 2023, Ref. GO Bonds | 5.00% | 09/01/2036 | 3,370 | 3,808,771 | ||||||||||||
| ||||||||||||||||
Port Arthur (Port of), TX Navigation District; | ||||||||||||||||
Subseries 2010 D, VRD RB(a) | 4.00% | 11/01/2040 | 10,000 | 10,000,000 | ||||||||||||
| ||||||||||||||||
Subseries 2010, VRD RB(a) | 4.01% | 11/01/2040 | 8,175 | 8,175,000 | ||||||||||||
| ||||||||||||||||
Rib Floater Trust; Series 2022-006, VRD RB (LOC - Barclays Bank PLC)(a)(e)(h) | 3.60% | 11/15/2046 | 36,250 | 36,250,000 | ||||||||||||
| ||||||||||||||||
Robstown (City of), TX; Series 2009, Ctfs. of Obligation (INS - AGM)(b)(g) | 0.00% | 03/01/2024 | 490 | 485,176 | ||||||||||||
| ||||||||||||||||
Rowlett (City of), TX (Bayside Public Improvement District North Improvement Area); Series 2016, RB | 4.90% | 09/15/2024 | 30 | 29,837 | ||||||||||||
| ||||||||||||||||
San Antonio (City of), TX; Series 2016, Ref. RB | 5.00% | 02/01/2031 | 2,145 | 2,242,394 | ||||||||||||
| ||||||||||||||||
San Antonio Independent School District; Series 2016, Ref. GO Bonds (CEP - Texas Permanent School Fund) | 5.00% | 08/15/2031 | 1,615 | 1,697,053 | ||||||||||||
| ||||||||||||||||
Texas (State of); | ||||||||||||||||
Series 2014 A, Ref. GO Bonds | 5.00% | 10/01/2025 | 1,000 | 1,014,741 | ||||||||||||
| ||||||||||||||||
Series 2020, VRD GO Bonds(a) | 3.25% | 12/01/2050 | 5,000 | 5,000,000 | ||||||||||||
| ||||||||||||||||
Texas (State of) Transportation Commission; Series 2014 B, VRD RB(a) | 3.32% | 04/01/2032 | 22,000 | 22,000,000 | ||||||||||||
| ||||||||||||||||
Texas Municipal Gas Acquisition & Supply Corp. I; Series 2008 D, RB | 6.25% | 12/15/2026 | 10,155 | 10,492,722 | ||||||||||||
| ||||||||||||||||
Texas Municipal Gas Acquisition & Supply Corp. II; Series 2007, RB (SIFMA Municipal Swap Index + 0.55%)(i) | 3.85% | 09/15/2027 | 10,920 | 10,770,299 | ||||||||||||
| ||||||||||||||||
Trinity River Authority; Series 2014, Ref. RB | 5.00% | 08/01/2024 | 500 | 500,649 | ||||||||||||
| ||||||||||||||||
West Harris (County of), TX Regional Water Authority; Series 2014, Ref. RB (INS - AGM)(b) | 5.00% | 12/15/2029 | 1,000 | 1,000,503 | ||||||||||||
| ||||||||||||||||
West Travis County Public Utility Agency; Series 2017, Ref. RB (INS - BAM)(b) | 5.00% | 08/15/2030 | 45 | 48,174 | ||||||||||||
| ||||||||||||||||
Wink-Loving Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent School Fund) | 5.00% | 02/15/2030 | 2,000 | 2,006,675 | ||||||||||||
| ||||||||||||||||
208,258,155 | ||||||||||||||||
| ||||||||||||||||
Utah–0.12% | ||||||||||||||||
Grand (County of), UT School District Local Building Authority; Series 2019, RB (INS - AGM)(b) | 5.00% | 12/15/2038 | 2,040 | 2,089,387 | ||||||||||||
| ||||||||||||||||
Virginia–0.58% | ||||||||||||||||
Virginia (Commonwealth of) Housing Development Authority; Series 2023 E-2, RB(c) | 3.90% | 07/01/2025 | 10,000 | 10,009,362 | ||||||||||||
| ||||||||||||||||
Washington–3.01% | ||||||||||||||||
Auburn School District No. 408 of King & Pierce Counties; Series 2014, Ref. GO Bonds(c)(f) | 5.00% | 12/22/2023 | 100 | 100,085 | ||||||||||||
| ||||||||||||||||
Central Puget Sound Regional Transit Authority; Series 1999, RB (INS - NATL)(b) | 4.75% | 02/01/2028 | 1,505 | 1,524,928 | ||||||||||||
| ||||||||||||||||
Chelan County School District No. 246 Wenatchee; Series 2014, GO Bonds (CEP - Oregon School Bond Guaranty) | 5.00% | 12/01/2030 | 1,480 | 1,492,727 | ||||||||||||
| ||||||||||||||||
Energy Northwest (Columbia Generating Station); Series 2014, Ref. RB | 5.00% | 07/01/2031 | 2,000 | 2,020,110 | ||||||||||||
| ||||||||||||||||
Kelso (City of), WA Housing Authority (Chinook & Columbia Apartments); Series 1998, RB | 5.60% | 03/01/2028 | 10 | 9,932 | ||||||||||||
| ||||||||||||||||
King (County of), WA; Series 2019 A, Ref. VRD GO Bonds(a) | 2.10% | 01/01/2046 | 495 | 495,000 | ||||||||||||
| ||||||||||||||||
Lewis (County of), WA Public Utility District No. 1; Series 2013, Ref. RB | 5.25% | 04/01/2032 | 6,115 | 6,118,076 | ||||||||||||
| ||||||||||||||||
Seattle (City of), WA; Series 2023 B, Ref. VRD RB (LOC - Td Bank N.A.)(a)(h) | 2.23% | 11/01/2046 | 6,300 | 6,300,000 | ||||||||||||
| ||||||||||||||||
Seattle (Port of), WA; | ||||||||||||||||
Series 2015 A, RB | 5.00% | 04/01/2030 | 2,840 | 2,866,040 | ||||||||||||
| ||||||||||||||||
Series 2015 B, Ref. RB | 5.00% | 03/01/2029 | 1,115 | 1,124,520 | ||||||||||||
| ||||||||||||||||
Series 2017 C, RB(d) | 5.00% | 05/01/2025 | 275 | 280,416 | ||||||||||||
| ||||||||||||||||
Series 2017, GO Bonds | 5.00% | 01/01/2042 | 3,375 | 3,503,228 | ||||||||||||
| ||||||||||||||||
Tacoma (City of), WA Regional Water Supply System; Series 2013, Ref. RB | 5.00% | 12/01/2026 | 250 | 250,204 | ||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Municipal Fund |
Interest Rate | Maturity Date | Principal Amount (000) | Value | |||||||||||||
| ||||||||||||||||
Washington–(continued) | ||||||||||||||||
Washington (State of); | ||||||||||||||||
Series 2015 A-1, GO Bonds | 5.00% | 08/01/2029 | $ | 10,000 | $ | 10,291,087 | ||||||||||
| ||||||||||||||||
Series 2016 B, GO Bonds | 5.00% | 08/01/2031 | 1,205 | 1,262,973 | ||||||||||||
| ||||||||||||||||
Series 2016 B, Ref. GO Bonds | 5.00% | 07/01/2032 | 1,140 | 1,182,428 | ||||||||||||
| ||||||||||||||||
Washington (State of) Economic Development Finance Authority; Series 2014, Ref. RB | 5.00% | 06/01/2032 | 1,460 | 1,473,330 | ||||||||||||
| ||||||||||||||||
Washington (State of) Health Care Facilities Authority (Providence Health & Services); | ||||||||||||||||
Series 2012 A, RB | 5.00% | 10/01/2025 | 125 | 125,059 | ||||||||||||
| ||||||||||||||||
Series 2012 A, RB | 5.00% | 10/01/2026 | 2,540 | 2,540,849 | ||||||||||||
| ||||||||||||||||
Series 2012 A, RB | 5.00% | 10/01/2027 | 2,415 | 2,415,864 | ||||||||||||
| ||||||||||||||||
Series 2012 A, RB | 5.00% | 10/01/2028 | 165 | 165,051 | ||||||||||||
| ||||||||||||||||
Series 2012 A, RB | 4.25% | 10/01/2040 | 2,800 | 2,634,303 | ||||||||||||
| ||||||||||||||||
Washington (State of) Tobacco Settlement Authority; Series 2018, Ref. RB | 5.00% | 06/01/2024 | 3,750 | 3,752,026 | ||||||||||||
| ||||||||||||||||
51,928,236 | ||||||||||||||||
| ||||||||||||||||
West Virginia–0.83% | ||||||||||||||||
West Virginia (State of) Hospital Finance Authority (West Virginia University Health System Obligated Group); | ||||||||||||||||
Series 2017, RB | 5.00% | 06/01/2035 | 1,100 | 1,151,687 | ||||||||||||
| ||||||||||||||||
Series 2018 E, Ref. VRD RB(a) | 3.81% | 06/01/2033 | 13,180 | 13,180,000 | ||||||||||||
| ||||||||||||||||
14,331,687 | ||||||||||||||||
| ||||||||||||||||
Wisconsin–2.33% | ||||||||||||||||
Central Brown County Water Authority; | ||||||||||||||||
Series 2014 A, Ref. RB | 5.00% | 11/01/2026 | 1,000 | 1,010,193 | ||||||||||||
| ||||||||||||||||
Series 2014 A, Ref. RB | 5.00% | 11/01/2028 | 2,985 | 3,015,425 | ||||||||||||
| ||||||||||||||||
Series 2014 A, Ref. RB | 5.00% | 11/01/2029 | 2,160 | 2,181,823 | ||||||||||||
| ||||||||||||||||
Series 2014 A, Ref. RB | 5.00% | 11/01/2030 | 2,500 | 2,527,714 | ||||||||||||
| ||||||||||||||||
Wisconsin (State of) Center District; Series 1999, Ref. RB (INS - AGM)(b) | 5.25% | 12/15/2023 | 235 | 235,116 | ||||||||||||
| ||||||||||||||||
Wisconsin (State of) Health & Educational Facilities Authority (Advocate Aurora Health Credit Group); Series 2018, Ref. RB(c) | 5.00% | 01/29/2025 | 10,000 | 10,154,057 | ||||||||||||
| ||||||||||||||||
Wisconsin (State of) Health & Educational Facilities Authority (Ascension Health Credit Group); Series 2016 A, Ref. RB | 5.00% | 11/15/2039 | 1,350 | 1,369,711 | ||||||||||||
| ||||||||||||||||
Wisconsin (State of) Health & Educational Facilities Authority (Aspirus, Inc. Obligated Group); | ||||||||||||||||
Series 2013, RB | 5.00% | 08/15/2026 | 100 | 100,089 | ||||||||||||
| ||||||||||||||||
Series 2013, RB | 5.00% | 08/15/2027 | 800 | 800,611 | ||||||||||||
| ||||||||||||||||
Wisconsin (State of) Health & Educational Facilities Authority (Hospital Sisters Services, Inc.); Series 2014, Ref. RB | 5.00% | 11/15/2029 | 1,800 | 1,819,874 | ||||||||||||
| ||||||||||||||||
Wisconsin (State of) Health & Educational Facilities Authority (Mercy Alliance); Series 2012, RB | 5.00% | 06/01/2027 | 3,225 | 3,227,404 | ||||||||||||
| ||||||||||||||||
Wisconsin (State of) Health & Educational Facilities Authority (Prohealth Care Obligated Group); | ||||||||||||||||
Series 2015, Ref. RB | 5.00% | 08/15/2030 | 170 | 170,994 | ||||||||||||
| ||||||||||||||||
Series 2015, Ref. RB | 5.00% | 08/15/2031 | 815 | 819,630 | ||||||||||||
| ||||||||||||||||
Wisconsin (State of) Health & Educational Facilities Authority (Thedacare, Inc.); Series 2015, Ref. RB | 5.00% | 12/15/2029 | 125 | 126,507 | ||||||||||||
| ||||||||||||||||
Wisconsin (State of) Health & Educational Facilities Authority (Unitypoint Health); Series 2014 A, RB | 5.00% | 12/01/2028 | 980 | 990,357 | ||||||||||||
| ||||||||||||||||
Wisconsin (State of) Public Finance Authority; | ||||||||||||||||
Series 2016, RB | 5.00% | 03/01/2032 | 4,315 | 4,439,933 | ||||||||||||
| ||||||||||||||||
Series 2022, Ref. RB(c) | 3.30% | 10/01/2026 | 1,745 | 1,744,292 | ||||||||||||
| ||||||||||||||||
Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.); Series 2018 A, RB | 5.00% | 12/01/2027 | 860 | 872,498 | ||||||||||||
| ||||||||||||||||
Wisconsin (State of) Public Finance Authority (Renown Regional Medical Center); Series 2015 A, Ref. RB | 5.00% | 06/01/2031 | 3,295 | 3,332,977 | ||||||||||||
| ||||||||||||||||
Wisconsin (State of) Public Finance Authority (The Estates at Eagle’s Pomite); Series 2016 A, RB | 4.00% | 01/01/2024 | 50 | 49,877 | ||||||||||||
| ||||||||||||||||
WPPI Energy; | ||||||||||||||||
Series 2014 A, Ref. RB | 5.00% | 07/01/2030 | 1,000 | 1,007,035 | ||||||||||||
| ||||||||||||||||
Series 2014 A, Ref. RB | 5.00% | 07/01/2032 | 100 | 100,641 | ||||||||||||
| ||||||||||||||||
40,096,758 | ||||||||||||||||
| ||||||||||||||||
Total Municipal Obligations (Cost $1,713,630,872) | 1,714,737,452 | |||||||||||||||
|
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Municipal Fund |
Shares | Value | |||||||||||||||
| ||||||||||||||||
MuniFund Preferred Shares–1.66% | ||||||||||||||||
Nuveen AMT-Free Municipal Credit Income Fund; Series B(a)(e) | 5,750,000 | $ | 5,750,000 | |||||||||||||
| ||||||||||||||||
Nuveen AMT-Free Quality Municipal Income Fund; MFP, Series D(a)(e) | 22,870,000 | 22,870,000 | ||||||||||||||
| ||||||||||||||||
Total MuniFund Preferred Shares (Cost $28,620,000) | 28,620,000 | |||||||||||||||
| ||||||||||||||||
Interest Rate | Maturity Date | Principal (000) | ||||||||||||||
| ||||||||||||||||
U.S. Dollar Denominated Bonds & Notes–0.02% | ||||||||||||||||
California–0.02% | ||||||||||||||||
CalPlant I LLC; | ||||||||||||||||
Exit Facility(e)(j) | 15.00% | 07/01/2025 | $ | 75 | 75,000 | |||||||||||
Series 21A(e)(j)(k) | 9.50% | 03/31/2024 | 25 | 25,000 | ||||||||||||
| ||||||||||||||||
Series 21B(e)(j)(k) | 9.50% | 03/31/2024 | 90 | 90,000 | ||||||||||||
| ||||||||||||||||
Series 22A(e)(j)(k) | 9.50% | 03/31/2024 | 50 | 50,000 | ||||||||||||
| ||||||||||||||||
Series 22B(e)(j)(k) | 9.50% | 03/31/2024 | 5 | 5,000 | ||||||||||||
| ||||||||||||||||
Series 22C(e)(j)(k) | 9.50% | 03/31/2024 | 35 | 35,000 | ||||||||||||
| ||||||||||||||||
Series 22X(e)(j)(k) | 9.50% | 03/31/2024 | 50 | 50,000 | ||||||||||||
| ||||||||||||||||
Series 23A(e)(j)(k) | 9.50% | 03/31/2024 | 20 | 20,000 | ||||||||||||
| ||||||||||||||||
Series 23B(e)(j)(k) | 9.50% | 03/31/2024 | 15 | 15,000 | ||||||||||||
| ||||||||||||||||
Series 23C(e)(j)(k) | 9.50% | 03/31/2024 | 25 | 25,000 | ||||||||||||
| ||||||||||||||||
Series 23D (Acquired 05/04/2023; Cost $20,000)(e)(j)(k)(l) | 9.50% | 03/31/2024 | 20 | 20,000 | ||||||||||||
| ||||||||||||||||
Series 23E(e)(j)(k) | 9.50% | 03/31/2024 | 25 | 25,000 | ||||||||||||
| ||||||||||||||||
Total U.S. Dollar Denominated Bonds & Notes (Cost $435,000) | 435,000 | |||||||||||||||
| ||||||||||||||||
TOTAL INVESTMENTS IN SECURITIES(m)–101.14% (Cost $1,742,685,872) | 1,743,792,452 | |||||||||||||||
| ||||||||||||||||
OTHER ASSETS LESS LIABILITIES–(1.14)% | (19,696,556 | ) | ||||||||||||||
| ||||||||||||||||
NET ASSETS–100.00% | $ | 1,724,095,896 | ||||||||||||||
|
Investment Abbreviations:
AGC | – Assured Guaranty Corp. | |
AGM | – Assured Guaranty Municipal Corp. | |
AMBAC | – American Municipal Bond Assurance Corp. | |
BAM | – Build America Mutual Assurance Co. | |
CEP | – Credit Enhancement Provider | |
COP | – Certificates of Participation | |
CPI | – Consumer Price Index | |
Ctfs. | – Certificates | |
FHLMC | – Federal Home Loan Mortgage Corp. | |
GNMA | – Government National Mortgage Association | |
GO | – General Obligation | |
INS | – Insurer | |
LIBOR | – London Interbank Offered Rate | |
LOC | – Letter of Credit | |
MFP | – MuniFund Preferred Shares | |
NATL | – National Public Finance Guarantee Corp. | |
PCR | – Pollution Control Revenue Bonds | |
RB | – Revenue Bonds | |
Ref. | – Refunding | |
RN | – Revenue Notes | |
SGI | – Syncora Guarantee, Inc. | |
SIFMA | – Securities Industry and Financial Markets Association | |
SOFR | – Secured Overnight Financing Rate | |
USD | – U.S. Dollar | |
VRD | – Variable Rate Demand | |
Wts. | – Warrants |
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Municipal Fund |
Notes to Schedule of Investments:
(a) | Demand security payable upon demand by the Fund at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically by the issuer or agent based on current market conditions. Rate shown is the rate in effect on November 30, 2023. |
(b) | Principal and/or interest payments are secured by the bond insurance company listed. |
(c) | Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. |
(d) | Security subject to the alternative minimum tax. |
(e) | 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 November 30, 2023 was $144,584,192, which represented 8.39% of the Fund’s Net Assets. |
(f) | Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral. |
(g) | Zero coupon bond issued at a discount. |
(h) | Principal and interest payments are fully enhanced by a letter of credit from the bank listed or a predecessor bank, branch or subsidiary. |
(i) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2023. |
(j) | Security valued using significant unobservable inputs (Level 3). See Note 1. |
(k) | Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at November 30, 2023 was $360,000, which represented less than 1% of the Fund’s Net Assets. |
(l) | Restricted security. The value of this security at November 30, 2023 represented less than 1% of the Fund’s Net Assets. |
(m) | Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s obligations but may be called upon to satisfy issuer’s obligations. No concentration of any single entity was greater than 5% each. |
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 Short Term Municipal Fund |
Notes to Quarterly Schedule of Portfolio Holdings
November 30, 2023
(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. | |
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 November 30, 2023. 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 | ||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||
Municipal Obligations | $– | $1,714,737,452 | $ – | $1,714,737,452 | ||||||||||||||||||||||||
| ||||||||||||||||||||||||||||
MuniFund Preferred Shares | – | 28,620,000 | – | 28,620,000 | ||||||||||||||||||||||||
| ||||||||||||||||||||||||||||
U.S. Dollar Denominated Bonds & Notes | – | – | 435,000 | 435,000 | ||||||||||||||||||||||||
| ||||||||||||||||||||||||||||
Total Investments in Securities | – | 1,743,357,452 | 435,000 | 1,743,792,452 | ||||||||||||||||||||||||
| ||||||||||||||||||||||||||||
Other Investments - Assets | ||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||
Investments Matured | – | 28,500 | – | 28,500 | ||||||||||||||||||||||||
| ||||||||||||||||||||||||||||
Total Investments | $– | $1,743,385,952 | $435,000 | $1,743,820,952 | ||||||||||||||||||||||||
|
Invesco Short Term Municipal Fund |