Invesco Management Trust NPORT-P Invesco Conservative Income Fund (Nov 2023 report)

Schedule of Investments

November 30, 2023

(Unaudited)

	Interest Rate			Maturity Date		Principal Amount (000)		Value
U.S. Dollar Denominated Bonds & Notes-52.35%(a)
Aerospace & Defense-0.59%
L3Harris Technologies, Inc.		3.95	%		05/28/2024	$	12,587	$	12,478,702
Agricultural & Farm Machinery-1.05%
John Deere Capital Corp.		0.63%			09/10/2024		6,222		5,994,530
John Deere Capital Corp.		4.80%			01/09/2026		16,305		16,272,837
									22,267,367
Asset Management & Custody Banks-2.00%
Ares Capital Corp.		4.20%			06/10/2024		20,000		19,783,643
Bank of New York Mellon Corp. (The)(b)		5.22%			11/21/2025		8,333		8,302,053
State Street Corp. (SOFR + 0.85%)(c)		6.20%			08/03/2026		14,458		14,448,602
									42,534,298
Automobile Manufacturers-2.94%
Daimler Truck Finance North America LLC (Germany)(d)		5.60%			08/08/2025		6,450		6,448,520
Mercedes-Benz Finance North America LLC (Germany)(d)		4.80%			03/30/2026		11,104		11,004,219
Mercedes-Benz Finance North America LLC (Germany)(d)		5.50%			11/27/2024		15,000		14,981,881
Mercedes-Benz Finance North America LLC (Germany) (SOFR + 0.57%)(c)(d)		5.92%			08/01/2025		10,000		10,012,110
Volkswagen Group of America Finance LLC (Germany)(d)		6.00%			11/16/2026		19,785		19,949,264
									62,395,994
Building Products-0.21%
Carrier Global Corp.(d)		5.80%			11/30/2025		4,432		4,458,693
Construction Materials-0.38%
Vulcan Materials Co.		5.80%			03/01/2026		8,000		7,997,522
Consumer Finance-2.51%
American Express Co. (SOFR + 1.35%)(c)		6.70%			10/30/2026		15,000		15,124,825
American Honda Finance Corp. (SOFR + 0.78%)(c)		6.13%			04/23/2025		20,000		20,049,893
Toyota Motor Credit Corp.		5.40%			11/20/2026		18,000		18,187,228
									53,361,946
Diversified Banks-14.86%
Banco Santander S.A. (Spain)		2.71%			06/27/2024		35,000		34,388,482
Banco Santander S.A. (Spain)		3.89%			05/24/2024		17,000		16,846,872
Bank of America Corp.(b)		3.46%			03/15/2025		9,163		9,092,306
Bank of America N.A.		5.53%			08/18/2026		15,000		15,119,962
Bank of Montreal (Canada)		5.20%			12/12/2024		13,333		13,272,972
Bank of Montreal (Canada) (SOFR + 0.71%)(c)		6.06%			03/08/2024		13,044		13,052,412
Bank of Montreal (Canada) (SOFR + 0.95%)(c)		6.29%			09/25/2025		20,000		20,013,561
Bank of Nova Scotia (The) (Canada) (SOFR + 1.09%)(c)		6.44%			06/12/2025		20,000		20,060,218
Canadian Imperial Bank of Commerce (Canada) (SOFR + 1.22%)(c)		6.57%			10/02/2026		15,000		15,004,015
Commonwealth Bank of Australia (Australia) (SOFR + 0.75%)(c)(d)		6.11%			03/13/2026		19,512		19,538,559
ING Groep N.V. (Netherlands)		3.55%			04/09/2024		1,300		1,289,858
KeyCorp(b)		3.88%			05/23/2025		18,316		17,729,921
Mitsubishi UFJ Financial Group, Inc. (Japan)(b)		0.95%			07/19/2025		10,220		9,898,772
Mizuho Markets Cayman L.P. (Japan)(b)(d)		6.30%			11/21/2025		15,000		15,019,217
National Australia Bank Ltd. (Australia)		4.97%			01/12/2026		13,334		13,298,778
National Securities Clearing Corp.(d)		5.15%			05/30/2025		3,146		3,141,702
Sumitomo Mitsui Financial Group, Inc. (Japan)		0.51%			01/12/2024		1,364		1,356,214
Sumitomo Mitsui Trust Bank Ltd. (Japan)(d)		5.65%			09/14/2026		4,349		4,371,662
Swedbank AB (Sweden)(d)		6.14%			09/12/2026		8,130		8,181,369
Swedbank AB (Sweden) (SOFR + 1.38%)(c)(d)		6.73%			06/15/2026		15,000		15,139,353
Toronto-Dominion Bank (The) (Canada) (SOFR + 1.08%)(c)		6.43%			07/17/2026		13,050		13,043,264

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)
Toronto-Dominion Bank (The) (Canada)(b)		7.00%		10/20/2026	$	9,800	$	9,784,671
UBS AG (Switzerland)		5.80%		09/11/2025		14,927		14,986,322
Wells Fargo Bank N.A. (SOFR + 0.80%)(c)		6.15%		08/01/2025		12,000		12,029,106
								315,659,568
Diversified Capital Markets-1.42%
Macquarie Group Ltd. (Australia)(d)		6.21%		11/22/2024		30,000		30,098,050
Diversified Metals & Mining-0.70%
BHP Billiton Finance (USA) Ltd. (Australia)		5.25%		09/08/2026		14,815		14,909,277
Electric Utilities-1.29%
Duke Energy Corp.		3.75%		04/15/2024		12,496		12,414,703
Georgia Power Co. (SOFR + 0.75%)(c)		6.10%		05/08/2025		15,000		15,023,745
								27,438,448
Health Care Equipment-0.47%
Boston Scientific Corp.		3.45%		03/01/2024		10,000		9,940,516
Home Improvement Retail-0.31%
Lowe’s Cos., Inc.		4.80%		04/01/2026		6,766		6,713,998
Investment Banking & Brokerage-2.37%
Goldman Sachs Group, Inc. (The)		3.50%		01/23/2025		9,846		9,603,811
Goldman Sachs Group, Inc. (The)		5.70%		11/01/2024		5,830		5,827,956
Goldman Sachs Group, Inc. (The) (SOFR + 1.07%)(c)		6.42%		08/10/2026		12,000		11,969,090
Morgan Stanley(b)		3.62%		04/17/2025		12,230		12,117,799
Morgan Stanley (SOFR + 0.63%)(c)		5.98%		01/24/2025		10,844		10,818,694
								50,337,350
Life & Health Insurance-10.23%
Athene Global Funding(d)		0.95%		01/08/2024		8,513		8,469,178
Athene Global Funding (SOFR + 0.70%)(c)(d)		6.05%		05/24/2024		25,000		24,950,037
Corebridge Global Funding(d)		5.75%		07/02/2026		7,758		7,753,062
Corebridge Global Funding (SOFR + 1.30%)(c)(d)		6.66%		09/25/2026		15,000		15,009,468
GA Global Funding Trust(d)		0.80%		09/13/2024		10,909		10,437,501
Jackson National Life Global Funding(d)		5.50%		01/09/2026		21,667		21,480,007
Jackson National Life Global Funding (SOFR + 1.15%)(c)(d)		6.50%		06/28/2024		10,450		10,467,418
MassMutual Global Funding II (SOFR + 0.36%)(c)(d)		5.71%		04/12/2024		10,020		10,023,545
MassMutual Global Funding II (SOFR + 0.98%)(c)(d)		6.33%		07/10/2026		13,500		13,538,635
Met Tower Global Funding(d)		5.40%		06/20/2026		20,000		20,092,362
MetLife, Inc.		3.60%		04/10/2024		15,000		14,890,333
New York Life Global Funding(d)		3.15%		06/06/2024		9,524		9,405,804
Pacific Life Global Funding II (SOFR + 0.86%)(c)(d)		6.21%		06/16/2025		5,500		5,503,955
Pacific Life Global Funding II (SOFR + 1.05%)(c)(d)		6.40%		07/28/2026		12,500		12,508,926
Pricoa Global Funding I(d)		5.55%		08/28/2026		3,407		3,435,597
Principal Life Global Funding II(d)		0.75%		08/23/2024		13,695		13,185,356
Principal Life Global Funding II (SOFR + 0.45%)(c)(d)		5.80%		04/12/2024		5,883		5,885,795
Protective Life Global Funding(d)		5.37%		01/06/2026		10,339		10,330,723
								217,367,702
Life Sciences Tools & Services-0.16%
Thermo Fisher Scientific, Inc.		1.22%		10/18/2024		3,600		3,465,156
Managed Health Care-0.37%
Humana, Inc.		5.70%		03/13/2026		7,921		7,921,197
Office REITs-0.70%
Boston Properties L.P.		3.80%		02/01/2024		15,000		14,937,761

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

Invesco Conservative Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Oil & Gas Exploration & Production-0.70%
Canadian Natural Resources Ltd. (Canada)		3.80%		04/15/2024	$	15,000	$	14,881,808
Oil & Gas Storage & Transportation-1.45%
Enbridge, Inc. (Canada)		5.97%		03/08/2026		25,049		25,035,437
Enbridge, Inc. (Canada) (SOFR + 0.63%)(c)		5.98%		02/16/2024		5,756		5,758,228
								30,793,665
Personal Care Products-0.32%
Unilever Capital Corp. (United Kingdom)		0.63%		08/12/2024		7,000		6,767,943
Pharmaceuticals-1.19%
Eli Lilly and Co.		5.00%		02/27/2026		10,257		10,258,797
Pfizer Investment Enterprises Pte. Ltd.		4.65%		05/19/2025		15,054		14,953,345
								25,212,142
Regional Banks-1.79%
ANZ New Zealand (Int’l) Ltd. (New Zealand) (SOFR + 0.60%)(c)(d)		5.95%		02/18/2025		7,500		7,492,947
Huntington Bancshares, Inc.		2.63%		08/06/2024		17,500		17,056,008
Morgan Stanley Bank N.A. (SOFR + 0.78%)(c)		6.13%		07/16/2025		13,514		13,530,410
								38,079,365
Retail REITs-0.17%
Realty Income Corp.		5.05%		01/13/2026		3,687		3,667,783
Self-Storage REITs-0.48%
Public Storage Operating Co. (SOFR + 0.47%)(c)		5.82%		04/23/2024		10,257		10,253,788
Soft Drinks & Non-alcoholic Beverages-0.29%
PepsiCo, Inc. (SOFR + 0.40%)(c)		5.75%		11/12/2024		6,167		6,172,133
Specialized Finance-1.13%
Caterpillar Financial Services Corp. (SOFR + 0.45%)(c)		5.80%		11/14/2024		15,000		15,049,802
Siemens Financieringsmaatschappij N.V. (SOFR + 0.43%)(c)(d)		5.78%		03/11/2024		8,905		8,907,931
								23,957,733
Technology Hardware, Storage & Peripherals-1.10%
Apple, Inc.		4.42%		05/08/2026		23,444		23,290,890
Trading Companies & Distributors-1.17%
Air Lease Corp.		4.25%		02/01/2024		25,000		24,910,729
Total U.S. Dollar Denominated Bonds & Notes (Cost $1,113,470,022)								1,112,271,524
Commercial Paper-26.31%(e)
Aerospace & Defense-0.93%
L3Harris Technologies, Inc.(d)		5.85%		01/25/2024		20,000		19,825,871
Apparel, Accessories & Luxury Goods-2.86%
LVMH Moet Hennessy Louis Vuitton SE (France)(d)		5.73%		04/12/2024		16,025		15,705,303
LVMH Moet Hennessy Louis Vuitton SE (France)(d)		5.78%		04/15/2024		10,000		9,795,997
VF Corp.(d)		6.01%		12/04/2023		1,163		1,162,294
VF Corp.(d)		5.95%		12/05/2023		1,250		1,249,051
VF Corp.(d)		6.04%		12/19/2023		28,000		27,918,712
VF Corp.(d)		6.16%		01/25/2024		5,000		4,956,758
								60,788,115
Automobile Manufacturers-0.93%
Harley-Davidson Financial Services, Inc.(d)		6.06%		01/25/2024		10,000		9,910,135
Harley-Davidson Financial Services, Inc.(d)		6.20%		02/12/2024		10,000		9,878,880
								19,789,015
Automotive Retail-1.08%
AutoNation, Inc.(d)		5.85%		12/01/2023		3,000		2,999,525

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

Invesco Conservative Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Automotive Retail-(continued)
AutoNation, Inc.(d)		5.96%		12/12/2023	$	20,000	$	19,961,542
								22,961,067
Consumer Finance-1.84%
General Motors Financial Co., Inc.(d)		6.00%		04/01/2024		20,000		19,605,826
General Motors Financial Co., Inc.(d)		6.04%		05/20/2024		20,000		19,448,944
								39,054,770
Distillers & Vintners-0.18%
Constellation Brands, Inc.(d)		5.72%		12/08/2023		3,800		3,795,145
Diversified Banks-8.63%
Bank of Nova Scotia (The) (Canada)(d)		6.00%		10/18/2024		20,000		19,047,593
Barclays Bank PLC		5.41%		01/26/2024		15,000		14,868,765
Barclays Capital, Inc.		5.41%		02/02/2024		13,000		12,873,727
Barclays Capital, Inc.		6.14%		07/24/2024		15,000		14,459,887
BPCE S.A. (France)(d)		5.49%		01/09/2024		20,000		19,880,037
DNB Bank ASA (Norway)(d)		5.29%		02/06/2024		7,000		6,929,604
DNB Bank ASA (Norway)(d)		5.29%		02/08/2024		10,000		9,896,393
HSBC USA, Inc.(d)		6.47%		08/22/2024		20,000		19,149,992
National Bank of Canada (Canada)(d)		5.83%		03/18/2024		18,000		17,701,936
NatWest Markets PLC (United Kingdom); Series G(d)		5.67%		02/12/2024		30,000		29,657,154
UBS AG (United Kingdom)(d)		6.13%		07/24/2024		19,500		18,794,374
								183,259,462
Electric Utilities-0.84%
NextEra Energy Capital Holdings, Inc.(d)		5.77%		01/29/2024		18,000		17,831,550
Gas Utilities-0.96%
National Fuel Gas Co.		6.03%		12/12/2023		6,000		5,989,094
National Fuel Gas Co.		6.03%		12/18/2023		4,500		4,487,654
WGL Holdings, Inc.(d)		6.01%		12/04/2023		3,000		2,998,178
WGL Holdings, Inc.(d)		6.01%		12/07/2023		7,000		6,992,548
								20,467,474
Health Care Facilities-0.54%
CommonSpirit Health; Series A		5.87%		01/17/2024		11,500		11,405,071
Independent Power Producers & Energy Traders-1.18%
AES Corp. (The)		6.04%		12/05/2023		25,000		24,979,383
Industrial Conglomerates-1.40%
3M Co.(d)		5.34%		02/05/2024		30,000		29,702,557
Integrated Telecommunication Services-0.65%
AT&T, Inc.(d)		5.93%		03/19/2024		10,000		9,828,359
TELUS Corp. (Canada)(d)		5.81%		01/10/2024		4,000		3,974,594
								13,802,953
Pharmaceuticals-1.13%
Bayer Corp. (Germany)(d)		6.30%		07/16/2024		25,000		24,073,377
Specialized Finance-1.17%
Brookfield Infrastructure Holdings Canada, Inc. (Canada)		6.06%		12/05/2023		5,000		4,996,235
Brookfield Infrastructure Holdings Canada, Inc. (Canada)		6.25%		02/06/2024		10,000		9,893,120
Cabot Trail Funding LLC(d)		5.76%		02/20/2024		10,000		9,873,333
								24,762,688
Technology Distributors-0.23%
Arrow Electronics, Inc.(d)		5.87%		12/05/2023		5,000		4,996,008

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

Invesco Conservative Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Telecom Tower REITs-1.27%
Crown Castle, Inc.(d)		5.91%		12/05/2023	$	7,000	$	6,994,431
Crown Castle, Inc.(d)		6.04%		12/12/2023		20,000		19,961,554
								26,955,985
Transaction & Payment Processing Services-0.49%
Global Payments, Inc.		6.06%		12/15/2023		2,000		1,994,883
Global Payments, Inc.		6.03%		12/18/2023		8,500		8,474,084
								10,468,967
Total Commercial Paper (Cost $558,798,101)								558,919,458
Asset-Backed Securities-15.17%
Auto Loans/Leases-10.25%
Capital One Prime Auto Receivables Trust; Series 2022-2, Class A2A		3.74%		09/15/2025		4,025		4,002,253
CarMax Auto Owner Trust;
Series 2022-3, Class A2A		3.81%		09/15/2025		3,522		3,508,466
Series 2023-2, Class A2A		5.50%		06/15/2026		8,663		8,647,795
Chase Auto Owner Trust; Series 2022-AA, Class A2(d)		3.86%		10/27/2025		2,328		2,318,468
Chesapeake Funding II LLC;
Series 2020-1A, Class A2 (30 Day Average SOFR + 0.76%)(c)(d)		6.09%		08/15/2032		548		547,729
Series 2023-1A, Class A1(d)		5.65%		05/15/2035		5,543		5,526,414
Series 2023-2A, Class A2 (30 Day Average SOFR + 1.10%)(c)(d)		6.42%		10/15/2035		14,596		14,592,798
Daimler Trucks Retail Trust; Series 2022-1, Class A2		5.07%		09/16/2024		3,679		3,672,903
DLLAD LLC; Series 2023-1A, Class A2(d)		5.19%		04/20/2026		4,624		4,603,262
Enterprise Fleet Financing LLC;
Series 2020-2, Class A2(d)		0.61%		07/20/2026		1,011		1,004,578
Series 2023-3, Class A2(d)		6.40%		03/20/2030		9,350		9,472,992
Ford Credit Auto Lease Trust; Series 2023-A, Class A2A		5.19%		06/15/2025		3,503		3,497,606
Ford Credit Auto Owner Trust; Series 2023-B, Class A2A		5.57%		06/15/2026		15,000		14,993,886
GM Financial Automobile Leasing Trust;
Series 2022-3, Class A2A		4.01%		10/21/2024		682		681,090
Series 2023-1, Class A2A		5.27%		06/20/2025		3,325		3,317,485
Series 2023-2, Class A2B (30 Day Average SOFR + 0.82%)(c)		6.15%		10/20/2025		2,713		2,716,937
GreatAmerica Leasing Receivables; Series 2023-1, Class A2(d)		5.35%		02/16/2026		6,500		6,479,034
Hyundai Auto Lease Securitization Trust;
Series 2023-A, Class A2A(d)		5.20%		04/15/2025		4,205		4,194,019
Series 2023-B, Class A2A(d)		5.47%		09/15/2025		3,450		3,443,883
Hyundai Auto Receivables Trust;
Series 2022-B, Class A2A		3.64%		05/15/2025		3,085		3,074,103
Series 2022-C, Class A2A		5.35%		11/17/2025		6,496		6,486,174
John Deere Owner Trust;
Series 2022-B, Class A2		3.73%		06/16/2025		2,833		2,821,488
Series 2022-C, Class A2		4.98%		08/15/2025		5,735		5,719,045
Series 2023-B, Class A2		5.59%		06/15/2026		9,200		9,196,279
Series 2023-C, Class A2		5.76%		08/17/2026		10,000		10,016,819
Mercedes-Benz Auto Lease Trust; Series 2023-A, Class A2		5.24%		11/17/2025		6,800		6,780,371
Mercedes-Benz Auto Receivables Trust;
Series 2022-1, Class A2		5.26%		10/15/2025		3,786		3,781,214
Series 2023-1, Class A2		5.09%		01/15/2026		2,830		2,822,983
Nissan Auto Lease Trust;
Series 2023-A, Class A2A		5.10%		03/17/2025		3,987		3,977,389
Series 2023-B, Class A2A		5.74%		08/15/2025		4,500		4,500,759
Nissan Auto Receivables Owner Trust; Series 2023-A, Class A2A		5.34%		02/17/2026		5,000		4,992,477
Porsche Financial Auto Securitization Trust; Series 2023-1A, Class A2(d)		5.42%		12/22/2026		14,775		14,750,521
Tesla Auto Lease Trust; Series 2023-A, Class A3(d)		5.89%		06/22/2026		4,000		3,996,383
Toyota Auto Receivables Owner Trust;
Series 2022-C, Class A2A		3.83%		08/15/2025		2,067		2,057,066
Series 2022-D, Class A2A		5.27%		01/15/2026		2,918		2,914,044
Volkswagen Auto Lease Trust; Series 2022-A, Class A3		3.44%		07/21/2025		15,000		14,851,396

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	$	6,609	$	6,566,561
Series 2022-D, Class A2A		5.51%		03/16/2026		8,306		8,298,446
World Omni Automobile Lease Securitization Trust; Series 2023-A, Class A2A		5.47%		11/17/2025		2,896		2,891,943
								217,717,059
Collateralized Mortgage Obligations-1.87%
Barclays Dryrock Issuance Trust; Series 2023-2, Class A (30 Day Average SOFR + 0.90%)(c)		6.23%		08/15/2028		13,880		13,900,954
Citizens Auto Receivables Trust; Series 2023-2, Class A2A(d)		6.09%		10/15/2026		10,000		10,012,722
USAA Auto Owner Trust; Series 2023-A, Class A2(d)		5.83%		07/15/2026		5,800		5,804,621
Wheels Fleet Lease Funding 1 LLC; Series 2023-2A, Class A(d)		6.46%		08/18/2038		10,000		10,083,202
								39,801,499
Equipment Leasing-0.67%
Dell Equipment Finance Trust;
Series 2022-2, Class A2(d)		4.03%		07/22/2027		4,311		4,290,478
Series 2023-3, Class A2(d)		6.10%		04/23/2029		5,500		5,516,600
MMAF Equipment Finance LLC; Series 2022-B, Class A2(d)		5.57%		09/09/2025		4,444		4,434,439
								14,241,517
Specialized Finance-2.38%
DLLMT LLC; Series 2023-1A, Class A2(d)		5.78%		11/20/2025		15,000		14,966,486
Navient Private Education Refi Loan Trust;
Series 2020-FA, Class A(d)		1.22%		07/15/2069		6,428		5,741,102
Series 2021-FA, Class A(d)		1.11%		02/18/2070		3,530		2,933,815
Synchrony Card Funding LLC; Series 2022-A2, Class A		3.86%		07/15/2028		20,000		19,484,550
Verizon Master Trust; Series 2022-5, Class A1A		3.72%		07/20/2027		7,500		7,478,893
								50,604,846
Total Asset-Backed Securities (Cost $324,281,443)								322,364,921
Certificates of Deposit-4.43%
Diversified Banks-4.43%
Lloyds Bank Corporate Markets PLC (United Kingdom) (SOFR + 0.54%)(c)		5.85%		01/31/2024		15,000		15,009,678
Natixis S.A.		6.02%		10/18/2024		20,000		20,060,963
Standard Chartered Bank (United Kingdom)		5.53%		12/14/2023		20,000		19,999,445
Standard Chartered Bank (United Kingdom) (SOFR + 0.50%)(c)		5.81%		02/12/2024		24,000		24,013,766
Swedbank AB		6.00%		10/21/2024		15,000		15,055,883
Total Certificates of Deposit (Cost $94,000,000)								94,139,735
TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-98.26% (Cost $2,090,549,566)								2,087,695,638
					Repurchase Amount
Repurchase Agreements-1.41%(f)
Citigroup Global Markets, Inc., joint open agreement dated 10/19/2022 (collateralized by non-agency mortgage-backed securities valued at $220,000,001; 3.22% - 10.78%; 11/15/2026 - 04/25/2063)(g) (Cost $30,000,000)		6.02%		12/01/2023		30,150,500		30,000,000
TOTAL INVESTMENTS IN SECURITIES-99.67% (Cost $2,120,549,566)								2,117,695,638
OTHER ASSETS LESS LIABILITIES-0.33%								6,914,805
NET ASSETS-100.00%							$	2,124,610,443

Investment Abbreviations:

REITs -Real Estate Investment Trusts

SOFR -Secured Overnight Financing Rate

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

Invesco Conservative Income Fund

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, 2023.

^(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, 2023 was $960,433,947, which represented 45.21% 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)  Principal amount equals value at period end.

^(g)  Either party may terminate the agreement upon demand. Interest rates, 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.

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, 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.

As of November 30, 2023, 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