Invesco Management Trust NPORT-P Invesco Conservative Income Fund (Nov 2022 report)

Schedule of Investments

November 30, 2022

(Unaudited)

	Interest Rate			Maturity Date		Principal Amount (000)		Value
U.S. Dollar Denominated Bonds & Notes–49.79%(a)
Agricultural & Farm Machinery–0.31%
John Deere Capital Corp.		0.63%			09/10/2024	$	6,222	$	5,806,626
John Deere Capital Corp.		1.20%			04/06/2023		2,687		2,653,586
									8,460,212
Application Software–0.18%
Intuit, Inc.		0.65%			07/15/2023		5,000		4,877,153
Asset Management & Custody Banks–0.30%
Bank of New York Mellon Corp. (The)(b)		5.22%			11/21/2025		8,333		8,340,854
Automobile Manufacturers–4.12%
American Honda Finance Corp.		0.75%			08/09/2024		11,200		10,476,222
American Honda Finance Corp. (3 mo. USD LIBOR + 0.37%)(c)		4.96%			05/10/2023		15,000		15,003,119
BMW US Capital LLC(d)		0.75%			08/12/2024		11,111		10,369,853
BMW US Capital LLC(d)		2.25%			09/15/2023		5,215		5,112,849
Hyundai Capital America(d)		1.00%			09/17/2024		11,628		10,684,898
Hyundai Capital America(d)		2.38%			02/10/2023		14,485		14,397,601
Mercedes-Benz Finance North America LLC(d)		5.50%			11/27/2024		15,000		15,111,021
Toyota Motor Credit Corp. (SOFR + 0.32%)(c)		3.89%			04/06/2023		20,000		19,989,841
Volkswagen Group of America Finance LLC(d)		0.88%			11/22/2023		13,000		12,446,155
Volkswagen Group of America Finance LLC(d)		3.13%			05/12/2023		595		589,581
									114,181,140
Consumer Finance–1.65%
Capital One Financial Corp.		2.60%			05/11/2023		14,827		14,667,943
Capital One Financial Corp.		3.50%			06/15/2023		13,005		12,906,619
Discover Bank		3.35%			02/06/2023		11,861		11,823,227
General Motors Financial Co., Inc.		3.70%			05/09/2023		6,236		6,197,063
									45,594,852
Data Processing & Outsourced Services–0.47%
Fidelity National Information Services, Inc.		0.38%			03/01/2023		3,572		3,531,713
PayPal Holdings, Inc.		1.35%			06/01/2023		9,687		9,575,240
									13,106,953
Department Stores–0.53%
7-Eleven, Inc.(d)		0.63	%		02/10/2023		14,794		14,663,758
Diversified Banks–16.61%
ANZ New Zealand (Int’l) Ltd. (New Zealand) (SOFR + 0.60%)(c)(d)		4.43%			02/18/2025		7,500		7,429,624
Banco Santander S.A. (Spain)		3.89%			05/24/2024		17,000		16,661,909
Bank of America Corp.(b)		0.81%			10/24/2024		15,000		14,331,307
Bank of America Corp.		4.10%			07/24/2023		5,000		4,980,695
Bank of Montreal (Canada)		0.40%			09/15/2023		12,500		12,066,857
Bank of Montreal (Canada) (SOFR + 0.71%)(c)		3.90%			03/08/2024		13,044		12,984,402
Bank of Montreal (Canada), Series H		4.25%			09/14/2024		15,152		14,964,667
Bank of Nova Scotia (The) (Canada)		1.63%			05/01/2023		15,000		14,785,533
Bank of Nova Scotia (The) (Canada)		1.95%			02/01/2023		25,000		24,895,498
Canadian Imperial Bank of Commerce (Canada)		0.45%			06/22/2023		15,000		14,634,641
Canadian Imperial Bank of Commerce (Canada)		0.95%			06/23/2023		17,045		16,672,862
Canadian Imperial Bank of Commerce (Canada) (SOFR + 0.80%)(c)		4.21%			03/17/2023		14,590		14,596,419
Cooperatieve Rabobank U.A. (Netherlands)		2.75%			01/10/2023		8,450		8,435,652
HSBC Holdings PLC (United Kingdom)(b)		0.73%			08/17/2024		11,407		10,921,668
ING Groep N.V. (Netherlands)		4.10%			10/02/2023		14,025		13,889,533
JPMorgan Chase & Co. (SOFR + 0.58%)(c)		3.90%			03/16/2024		15,000		14,912,108

See accompanying notes which are an integral part of this schedule.

Invesco Conservative Income Fund

	Interest Rate	Maturity Date	Principal Amount (000)		Value
Diversified Banks–(continued)
Lloyds Bank Corporate Markets PLC (United Kingdom) (SOFR + 0.54%)(c)	4.35%	01/31/2024	$	15,000	$	14,953,139
Lloyds Banking Group PLC (United Kingdom)	4.05%	08/16/2023		26,365		26,128,656
Mitsubishi UFJ Financial Group, Inc. (Japan)	2.53%	09/13/2023		5,892		5,761,132
Mitsubishi UFJ Financial Group, Inc. (Japan)	3.46%	03/02/2023		15,000		14,946,110
Mitsubishi UFJ Financial Group, Inc. (Japan)	3.76%	07/26/2023		10,955		10,854,502
Mizuho Bank Ltd. (Japan)(d)	3.60%	09/25/2024		13,000		12,614,143
MUFG Union Bank N.A.	2.10%	12/09/2022		4,500		4,497,651
National Bank of Canada (Canada)	2.10%	02/01/2023		30,357		30,235,482
Royal Bank of Canada (Canada)	3.97%	07/26/2024		20,000		19,686,607
Skandinaviska Enskilda Banken AB (Sweden)(d)	0.55%	09/01/2023		13,515		13,045,894
Sumitomo Mitsui Financial Group, Inc. (Japan)	0.51%	01/12/2024		1,364		1,295,712
Sumitomo Mitsui Trust Bank Ltd. (Japan)(d)	0.80%	09/12/2023		11,103		10,722,149
Sumitomo Mitsui Trust Bank Ltd. (Japan)(d)	2.55%	03/10/2025		5,122		4,836,772
Svenska Handelsbanken AB (Sweden)(d)	0.63%	06/30/2023		11,429		11,130,780
Swedbank AB (Sweden)(d)	0.60%	09/25/2023		12,121		11,657,283
Swedbank AB (Sweden)(d)	1.30%	06/02/2023		12,000		11,756,381
Toronto-Dominion Bank (The) (Canada)	0.75%	06/12/2023		15,000		14,680,526
Toronto-Dominion Bank (The) (Canada) (SOFR + 0.48%)(c)	4.23%	01/27/2023		9,108		9,109,591
Wells Fargo & Co.	3.75%	01/24/2024		14,890		14,688,401
						459,764,286
Diversified Capital Markets–1.21%
Credit Suisse AG (Switzerland)	1.00%	05/05/2023		13,636		13,089,236
Macquarie Group Ltd. (Australia)(d)	6.21%	11/22/2024		15,000		15,094,439
UBS AG (Switzerland)(d)	0.70%	08/09/2024		5,722		5,321,954
						33,505,629
Electric Utilities–2.23%
American Electric Power Co., Inc., Series M	0.75%	11/01/2023		4,557		4,367,824
Florida Power & Light Co. (SOFR + 0.25%)(c)	4.08%	05/10/2023		17,392		17,345,990
NextEra Energy Capital Holdings, Inc.	0.65%	03/01/2023		15,460		15,302,679
NextEra Energy Capital Holdings, Inc.	4.26%	09/01/2024		7,456		7,362,779
NextEra Energy Capital Holdings, Inc. (SOFR + 0.54%)(c)	4.37%	03/01/2023		3,704		3,701,198
Southern Co. (The), Series 2021 (SOFR + 0.37%)(c)	4.20%	05/10/2023		10,526		10,492,984
Tampa Electric Co.	3.88%	07/12/2024		3,188		3,115,861
						61,689,315
Gas Utilities–0.65%
Atmos Energy Corp. (3 mo. USD LIBOR + 0.38%)(c)	3.57%	03/09/2023		9,756		9,746,269
CenterPoint Energy Resources Corp. (3 mo. USD LIBOR + 0.50%)(c)	5.28%	03/02/2023		8,333		8,326,793
						18,073,062
Health Care Distributors–0.16%
AmerisourceBergen Corp.	0.74%	03/15/2023		4,502		4,447,344
Health Care REITs–0.44%
Welltower, Inc.	3.63%	03/15/2024		12,500		12,251,170
Industrial Conglomerates–0.32%
Siemens Financieringsmaatschappij N.V. (SOFR + 0.43%)(c)(d)	3.65%	03/11/2024		8,905		8,845,175
Integrated Telecommunication Services–0.73%
AT&T, Inc. (SOFR + 0.64%)(c)	4.10%	03/25/2024		9,918		9,847,848
Verizon Communications, Inc. (SOFR + 0.50%)(c)	3.92%	03/22/2024		10,417		10,350,629
						20,198,477

See accompanying notes which are an integral part of this schedule.

Invesco Conservative Income Fund

	Interest Rate	Maturity Date	Principal Amount (000)		Value
Investment Banking & Brokerage–2.50%
Goldman Sachs Group, Inc. (The)	3.00%	03/15/2024	$	14,084	$	13,724,445
Goldman Sachs Group, Inc. (The)	3.20%	02/23/2023		8,430		8,400,156
Goldman Sachs Group, Inc. (The)	5.70%	11/01/2024		5,830		5,902,752
Morgan Stanley(b)	0.73%	04/05/2024		10,714		10,502,218
Morgan Stanley(b)	3.62%	04/17/2025		12,230		11,923,747
Morgan Stanley (SOFR + 0.47%)(c)	4.29%	11/10/2023		7,999		7,965,867
Morgan Stanley (SOFR + 0.63%)(c)	4.36%	01/24/2025		10,844		10,673,795
						69,092,980
Life & Health Insurance–8.05%
Athene Global Funding(d)	0.95%	01/08/2024		10,000		9,483,392
Athene Global Funding(d)	2.75%	06/25/2024		7,772		7,396,333
Athene Global Funding(d)	2.80%	05/26/2023		16,291		16,093,727
Athene Global Funding (SOFR + 0.70%)(c)(d)	4.53%	05/24/2024		25,000		24,524,272
Brighthouse Financial Global Funding(d)	0.60%	06/28/2023		3,255		3,166,167
Brighthouse Financial Global Funding(d)	1.75%	01/13/2025		12,728		11,740,531
Equitable Financial Life Global Funding(d)	0.50%	11/17/2023		14,500		13,857,585
Equitable Financial Life Global Funding(d)	0.80%	08/12/2024		11,429		10,597,212
Equitable Financial Life Global Funding (SOFR + 0.39%)(c)(d)	3.97%	04/06/2023		20,000		19,965,724
GA Global Funding Trust(d)	0.80%	09/13/2024		10,909		9,934,747
Jackson National Life Global Funding (SOFR + 0.60%)(c)(d)	4.17%	01/06/2023		10,000		10,001,096
MassMutual Global Funding II (SOFR + 0.36%)(c)(d)	3.96%	04/12/2024		10,020		9,937,292
MET Tower Global Funding (SOFR + 0.55%)(c)(d)	4.19%	01/17/2023		10,000		10,003,067
Metropolitan Life Global Funding I (SOFR + 0.57%)(c)(d)	4.20%	01/13/2023		3,749		3,750,015
New York Life Global Funding(d)	1.10%	05/05/2023		3,244		3,194,579
New York Life Global Funding(d)	3.15%	06/06/2024		9,524		9,277,634
Pacific Life Global Funding II(d)	0.50%	09/23/2023		13,636		13,154,926
Principal Life Global Funding II(d)	0.75%	08/23/2024		8,695		8,049,626
Principal Life Global Funding II (SOFR + 0.45%)(c)(d)	4.05%	04/12/2024		5,883		5,839,376
Protective Life Global Funding(d)	0.63%	10/13/2023		4,082		3,927,101
Protective Life Global Funding(d)	1.08%	06/09/2023		15,500		15,188,669
Reliance Standard Life Global Funding II(d)	2.15%	01/21/2023		3,700		3,684,011
						222,767,082
Life Sciences Tools & Services–0.58%
Thermo Fisher Scientific, Inc.	0.80%	10/18/2023		13,208		12,748,285
Thermo Fisher Scientific, Inc.	1.22%	10/18/2024		3,600		3,369,831
						16,118,116
Managed Health Care–0.14%
Humana, Inc.	0.65%	08/03/2023		3,889		3,774,559
Oil & Gas Exploration & Production–0.90%
Canadian Natural Resources Ltd. (Canada)	2.95%	01/15/2023		25,000		24,979,758
Oil & Gas Refining & Marketing–0.77%
Phillips 66	0.90%	02/15/2024		7,814		7,449,217
Phillips 66	3.70%	04/06/2023		14,000		13,967,201
						21,416,418
Oil & Gas Storage & Transportation–1.64%
Enbridge, Inc. (Canada) (SOFR + 0.40%)(c)	4.23%	02/17/2023		3,571		3,567,852
Enbridge, Inc. (Canada) (SOFR + 0.63%)(c)	4.46%	02/16/2024		5,756		5,700,777
Enterprise Products Operating LLC	3.35%	03/15/2023		11,150		11,099,183
Kinder Morgan Energy Partners L.P.	4.30%	05/01/2024		19,180		18,936,705
Kinder Morgan, Inc.	3.15%	01/15/2023		6,000		5,988,592
						45,293,109

See accompanying notes which are an integral part of this schedule.

Invesco Conservative Income Fund

	Interest Rate	Maturity Date	Principal Amount (000)		Value
Other Diversified Financial Services–0.72%
AIG Global Funding(d)	0.80%	07/07/2023	$	7,317	$	7,134,714
USAA Capital Corp.(d)	1.50%	05/01/2023		12,960		12,786,736
						19,921,450
Paper Products–0.42%
Georgia-Pacific LLC(d)	3.73%	07/15/2023		11,850		11,750,757
Personal Products–0.24%
Unilever Capital Corp.	0.63%	08/12/2024		7,000		6,546,816
Pharmaceuticals–0.75%
Bayer US Finance II LLC(d)	3.88%	12/15/2023		9,000		8,858,439
Bristol-Myers Squibb Co.	0.54%	11/13/2023		12,500		12,002,904
						20,861,343
Regional Banks–0.25%
Banque Federative du Credit Mutuel S.A. (France)(d)	3.75%	07/20/2023		7,100		7,030,569
Restaurants–0.23%
Starbucks Corp. (SOFR + 0.42%)(c)	4.25%	02/14/2024		6,318		6,281,994
Semiconductors–0.70%
NVIDIA Corp.	0.31%	06/15/2023		20,000		19,509,841
Soft Drinks–0.78%
Keurig Dr Pepper, Inc.	0.75%	03/15/2024		18,500		17,519,630
PepsiCo, Inc.	0.40%	10/07/2023		4,278		4,126,760
						21,646,390
Specialized REITs–0.37%
Public Storage (SOFR + 0.47%)(c)	4.17%	04/23/2024		10,257		10,195,691
Specialty Chemicals–0.17%
Sherwin-Williams Co. (The)	4.05%	08/08/2024		4,807		4,733,326
Technology Hardware, Storage & Peripherals–0.36%
Apple, Inc.	0.75%	05/11/2023		10,009		9,840,735
Thrifts & Mortgage Finance–0.31%
Nationwide Building Society (United Kingdom)(d)	2.00%	01/27/2023		8,571		8,535,329
Total U.S. Dollar Denominated Bonds & Notes (Cost $1,406,603,875)						1,378,295,643
Commercial Paper–33.19%(e)
Asset Management & Custody Banks–1.80%
Barclays Capital, Inc.	1.06%	02/02/2023		12,000		11,906,752
Barclays Capital, Inc.	1.39%	02/15/2023		24,000		23,770,951
BofA Securities, Inc.	5.71%	11/03/2023		15,000		14,223,300
						49,901,003
Asset-Backed Securities - Fully Supported–0.71%
Legacy Capital Co. LLC; Series A(d)	2.94%	05/26/2023		20,000		19,492,797
Automobile Manufacturers–1.34%
Harley-Davidson Financial Services, Inc.(d)	4.67%	12/06/2022		10,000		9,992,965
Harley-Davidson Financial Services, Inc.(d)	4.67%	12/07/2022		15,000		14,987,677
Harley-Davidson Financial Services, Inc.(d)	4.66%	12/09/2022		12,000		11,987,229
						36,967,871
Consumer Finance–0.95%
General Motors Financial Co., Inc.(d)	5.72%	04/12/2023		10,000		9,792,150
General Motors Financial Co., Inc.(d)	4.27%	06/06/2023		17,000		16,495,565
						26,287,715

See accompanying notes which are an integral part of this schedule.

Invesco Conservative Income Fund

	Interest Rate	Maturity Date		Principal Amount (000)		Value
Data Processing & Outsourced Services–0.69%
Fidelity National Information Services, Inc.(d)	4.36%		12/08/2022	$	5,000	$	4,995,391
Fidelity National Information Services, Inc.(d)	4.36%		12/19/2022		14,000		13,968,324
							18,963,715
Distillers & Vintners–1.11%
Constellation Brands, Inc.(d)	4.56%		12/02/2022		27,800		27,793,120
Constellation Brands, Inc.(d)	4.68%		12/20/2022		3,000		2,992,293
							30,785,413
Diversified Banks–5.95%
ANZ New Zealand (Int’l) Ltd.(d)	2.87%		05/25/2023		19,000		18,561,472
Banco Santander S.A. (Spain)(d)	1.37%		02/15/2023		24,000		23,771,875
Bank of Montreal	4.97%		10/05/2023		15,500		15,431,694
HSBC USA, Inc.(d)	0.78%		01/06/2023		25,000		24,891,775
HSBC USA, Inc. (SOFR + 0.35%)(c)	4.16%		02/10/2023		11,000		11,000,576
Societe Generale S.A. (France)(d)	5.60%		11/14/2023		20,000		18,942,620
Toronto-Dominion Bank (The) (Canada)(d)	2.76%		05/16/2023		20,000		19,544,739
Toronto-Dominion Bank (The) (Canada)(d)	5.00%		09/26/2023		14,000		13,384,583
Westpac Banking Corp. (Australia)(d)	4.24%		08/30/2023		20,000		19,211,030
							164,740,364
Diversified Capital Markets–3.76%
Regatta Funding Co. LLC(d)	0.90%		01/18/2023		30,000		29,823,478
Regatta Funding Co. LLC(d)	2.84%		05/16/2023		15,000		14,647,212
White Plains Capital Co. LLC(d)	3.67%		01/17/2023		20,000		19,880,133
White Plains Capital Co. LLC(d)	3.93%		01/24/2023		20,000		19,861,217
White Plains Capital Co. LLC(d)	3.98%		02/01/2023		20,000		19,839,140
							104,051,180
Diversified Support Services–0.36%
Brookfield Infrastructure Holdings Canada, Inc. (Canada)	4.32%		12/01/2022		10,000		9,998,861
Electric Utilities–4.77%
Brookfield BRP Holdings Canada, Inc. (Canada)	4.81%		12/12/2022		14,000		13,980,433
Brookfield BRP Holdings Canada, Inc. (Canada)	4.66%		12/15/2022		20,000		19,964,725
Enel Finance America LLC(d)	1.01%		01/13/2023		39,000		38,769,770
Enel Finance America LLC(d)	7.00%		09/06/2023		10,000		9,506,422
Oglethorpe Power Corp.(d)	4.57%		12/05/2022		10,000		9,994,206
Oglethorpe Power Corp.(d)	4.41%		12/09/2022		20,000		19,979,015
Oglethorpe Power Corp.(d)	4.67%		01/06/2023		20,000		19,906,431
							132,101,002
Gas Utilities–0.36%
WGL Holdings, Inc.(d)	4.82%		12/13/2022		10,000		9,985,592
Integrated Oil & Gas–0.88%
Suncor Energy, Inc. (Canada)(d)	4.46%		12/09/2022		14,500		14,484,949
Suncor Energy, Inc. (Canada)(d)	4.78%		01/09/2023		10,000		9,949,611
							24,434,560
Integrated Telecommunication Services–0.72%
AT&T, Inc.(d)	1.11%		12/05/2022		20,000		19,988,544
Investment Banking & Brokerage–0.86%
Goldman Sachs International(d)	1.42%		02/13/2023		24,000		23,780,000
Managed Health Care–0.36%
Humana, Inc.(d)	4.88%		01/04/2023		10,000		9,956,756
Multi-Utilities–1.43%
E.ON SE (Germany)(d)	4.44%		12/01/2022		30,000		29,996,585

See accompanying notes which are an integral part of this schedule.

Invesco Conservative Income Fund

	Interest Rate	Maturity Date	Principal Amount (000)		Value
Multi-Utilities–(continued)
E.ON SE (Germany)(d)	4.89%	01/27/2023	$	9,750	$	9,675,935
						39,672,520
Oil & Gas Storage & Transportation–1.49%
Energy Transfer L.P.	4.50%	12/01/2022		33,000		32,995,921
Energy Transfer L.P.	4.55%	12/05/2022		5,200		5,196,772
ONEOK, Inc.(d)	4.46%	12/08/2022		3,000		2,997,122
						41,189,815
Other Diversified Financial Services–1.06%
Mitsubishi HC Capital America, Inc.	4.78%	01/03/2023		19,000		18,918,855
Mitsubishi HC Capital America, Inc.	4.73%	01/10/2023		10,500		10,445,135
						29,363,990
Regional Banks–1.05%
Macquarie Bank Ltd. (Australia) (SOFR + 0.60%)(c)(d)	4.42%	03/02/2023		29,000		29,018,386
Specialized Finance–1.51%
Aviation Capital Group LLC(d)	4.76%	12/01/2022		15,000		14,998,356
Aviation Capital Group LLC(d)	4.63%	12/06/2022		3,000		2,998,023
Aviation Capital Group LLC(d)	4.76%	12/12/2022		8,900		8,888,106
Aviation Capital Group LLC(d)	4.77%	12/14/2022		15,000		14,976,486
						41,860,971
Specialized REITs–0.23%
Crown Castle, Inc.(d)	4.75%	12/15/2022		6,300		6,288,093
Technology Distributors–1.80%
Arrow Electronics, Inc.(d)	4.43%	12/01/2022		15,000		14,998,208
Arrow Electronics, Inc.(d)	4.51%	12/12/2022		25,000		24,962,850
Arrow Electronics, Inc.(d)	4.51%	12/15/2022		10,000		9,981,129
						49,942,187
Total Commercial Paper (Cost $921,068,405)						918,771,335
Asset-Backed Securities–8.70%
Auto Loans/Leases–5.98%
Capital One Prime Auto Receivables Trust; Series 2022-2, Class A2A	3.74%	09/15/2025		10,000		9,876,560
CarMax Auto Owner Trust;
Series 2021-2, Class A2A	0.27%	06/17/2024		130		130,153
Series 2022-3, Class A2A	3.81%	09/15/2025		12,000		11,859,672
Chase Auto Owner Trust; Series 2022-AA, Class A2(d)	3.86%	10/27/2025		7,790		7,693,970
Chesapeake Funding II LLC; Series 2020-1A, Class A2 (1 mo. USD LIBOR + 0.65%)(c)(d)	4.53%	08/15/2032		1,884		1,880,561
Daimler Trucks Retail Trust; Series 2022-1, Class A2	5.07%	09/16/2024		15,000		14,977,150
Enterprise Fleet Financing LLC; Series 2020-2, Class A2(d)	0.61%	07/20/2026		8,500		8,259,387
GM Financial Automobile Leasing Trust; Series 2022-3, Class A2A	4.01%	10/21/2024		7,500		7,425,687
Hyundai Auto Receivables Trust;
Series 2022-B, Class A2A	3.64%	05/15/2025		10,000		9,895,665
Series 2022-C, Class A2A	5.35%	11/17/2025		11,000		10,995,087
John Deere Owner Trust;
Series 2022-B, Class A2	3.73%	06/16/2025		8,000		7,898,183
Series 2022-C, Class A2	4.98%	08/15/2025		10,730		10,695,045
Mercedes-Benz Auto Receivables Trust; Series 2022-1, Class A2	5.26%	10/15/2025		7,750		7,742,369
Nissan Auto Lease Trust; Series 2022-A, Class A2A	3.45%	08/15/2024		15,000		14,844,114
Santander Retail Auto Lease Trust; Series 2021-B, Class A2(d)	0.31%	01/22/2024		1,559		1,548,989
Toyota Auto Receivables Owner Trust;
Series 2022-C, Class A2A	3.83%	08/15/2025		4,600		4,545,131
Series 2022-D, Class A2A	5.27%	01/15/2026		4,432		4,430,842
Wheels SPV 2 LLC; Series 2020-1A, Class A2(d)	0.51%	08/20/2029		2,072		2,040,891

See accompanying notes which are an integral part of this schedule.

Invesco Conservative Income Fund

	Interest Rate			Maturity Date		Principal Amount (000)		Value
Auto Loans/Leases–(continued)
World Omni Auto Receivables Trust;
Series 2022-C, Class A2		3.73	%		03/16/2026	$	14,000	$	13,802,522
Series 2022-D, Class A2A		5.51	%		03/16/2026		15,000		15,003,991
									165,545,969
Collateralized Mortgage Obligations–0.64%
Ford Credit Auto Owner Trust; Series 2018-2, Class A(d)		3.47	%		01/15/2030		18,000		17,766,288
Equipment Leasing–0.65%
Dell Equipment Finance Trust; Series 2022-2, Class A2(d)		4.03	%		07/22/2027		11,000		10,888,132
MMAF Equipment Finance LLC;
Series 2020-A, Class A2(d)		0.74	%		04/09/2024		889		877,393
Series 2020-BA, Class A2(d)		0.38	%		08/14/2023		8		8,406
Series 2022-B, Class A2(d)		5.57	%		09/09/2025		6,017		6,023,523
									17,797,454
Specialized Finance–1.43%
Navient Private Education Refi Loan Trust;
Series 2020-FA, Class A(d)		1.22	%		07/15/2069		8,148		7,227,789
Series 2021-FA, Class A(d)		1.11	%		02/18/2070		4,104		3,367,082
Navient Student Loan Trust; Series 2017-4A, Class A2 (1 mo. USD LIBOR + 0.50%)(c)(d)		4.52	%		09/27/2066		2,120		2,116,881
Synchrony Card Funding LLC; Series 2022-A2, Class A		3.86	%		07/15/2028		20,000		19,544,186
Verizon Master Trust; Series 2022-5, Class A1A(f)		3.72	%		07/20/2027		7,500		7,363,030
									39,618,968
Total Asset-Backed Securities (Cost $244,681,522)									240,728,679
Certificates of Deposit–3.92%
Diversified Banks–3.92%
Canadian Imperial Bank of Commerce (Canada) (SOFR + 0.50%)(c)		4.31	%		03/03/2023		25,000		25,008,501
Standard Chartered Bank (United Kingdom) (SOFR + 0.50%)(c)		4.31	%		02/12/2024		24,000		23,897,822
Sumitomo Mitsui Banking Corp. (Japan)		2.70	%		04/27/2023		15,000		14,864,040
Sumitomo Mitsui Banking Corp.		3.00	%		07/03/2023		45,300		44,697,687
Total Certificates of Deposit (Cost $109,300,000)									108,468,050
U.S. Treasury Securities–1.39%
U.S. Treasury Bills–1.39%(e)
U.S. Treasury Bills		0.04	%		10/05/2023		20,000		19,233,423
U.S. Treasury Bills		0.05	%		11/30/2023		20,000		19,091,779
Total U.S. Treasury Securities (Cost $38,397,944)									38,325,202
TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)–96.99% (Cost $2,720,051,746)									2,684,588,909
						Repurchase Amount
Repurchase Agreements–4.15%(g)
Citigroup Global Markets, Inc., joint open agreement dated 10/19/2022 (collateralized by non-agency asset-backed securities, corporate obligations and a non-agency mortgage-backed security valued at $208,146,764; 0.00% - 13.10%; 05/01/2023 - 01/25/2067)(h)		4.52	%		12/01/2022		30,111,117		30,000,000
Citigroup Global Markets, Inc., joint term agreement dated 10/19/2022, aggregate maturing value of $263,944,535 (collateralized by non-agency asset-backed securities, corporate obligations, non-agency mortgage-backed securities and U.S. Treasury obligations valued at $287,662,593; 0.00% - 10.14%; 04/20/2027 - 04/01/2069)(i)		4.47	%		12/01/2022		40,143,656		40,000,000
J.P. Morgan Securities LLC, joint open agreement dated 06/11/2021 (collateralized by corporate obligations valued at $82,500,119; 2.40% - 10.75%; 03/15/2023 - 06/15/2049)(h)		4.12	%		12/01/2022		45,151,675		45,000,000
Total Repurchase Agreements (Cost $115,000,000)									115,000,000
TOTAL INVESTMENTS IN SECURITIES–101.14% (Cost $2,835,051,746)									2,799,588,909
OTHER ASSETS LESS LIABILITIES–(1.14)%									(31,453,272	)
NET ASSETS–100.00%								$	2,768,135,637

See accompanying notes which are an integral part of this schedule.

Invesco Conservative Income Fund

Investment Abbreviations:

LIBOR	–London Interbank Offered Rate
REITs	–Real Estate Investment Trusts
SOFR	–Secured Overnight Financing Rate
USD	–U.S. Dollar

Notes to Schedule of Investments:

^(a)  Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.

^(b)  Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate.

^(c)  Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2022.

^(d)  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, 2022 was $1,275,330,588, which represented 46.07% of the Fund’s Net Assets.

^(e)  Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund.

^(f)  Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date.

^(g)  Principal amount equals value at period end.

^(h)  Either party may terminate the agreement upon demand. Interest rate, principal amount and collateral are redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

⁽ⁱ⁾  Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

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 Conservative Income Fund

Notes to Quarterly Schedule of Portfolio Holdings

November 30, 2022

(Unaudited)

NOTE 1–Additional Valuation Information

Generally Accepted Accounting Principles (“GAAP”) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. 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.

    As of November 30, 2022, all of the securities in this Fund were valued based on Level 2 inputs (see the Schedule of Investments for security categories). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

Invesco Conservative Income Fund