Invesco Management Trust NPORT-P Invesco Conservative Income Fund (May 2024 report)

Schedule of Investments

May 31, 2024

(Unaudited)

	Interest Rate		Maturity Date		Principal Amount (000)		Value
U.S. Dollar Denominated Bonds & Notes-57.14%(a)
Agricultural & Farm Machinery-0.56%
John Deere Capital Corp. (SOFR + 0.44%)(b)		5.81%		03/06/2026	$	10,000	$	10,022,587
Asset Management & Custody Banks-2.14%
Ares Capital Corp.		4.20%		06/10/2024		5,000		4,998,031
Ares Capital Corp.		4.25%		03/01/2025		10,749		10,604,508
Bank of New York Mellon Corp. (The)(c)		5.22%		11/21/2025		8,333		8,320,830
State Street Corp. (SOFR + 0.85%)(b)		6.21%		08/03/2026		14,458		14,542,830
								38,466,199
Automobile Manufacturers-3.48%
Daimler Truck Finance North America LLC (Germany)(d)		5.60%		08/08/2025		6,450		6,452,947
Mercedes-Benz Finance North America LLC (Germany)(d)		4.80%		03/30/2026		11,104		11,017,511
Mercedes-Benz Finance North America LLC (Germany)(d)		5.50%		11/27/2024		15,000		14,972,474
Mercedes-Benz Finance North America LLC (Germany) (SOFR + 0.57%)(b)(d)		5.93%		08/01/2025		10,000		10,024,830
Volkswagen Group of America Finance LLC (Germany)(d)		6.00%		11/16/2026		9,785		9,910,168
Volkswagen Group of America Finance LLC (Germany) (SOFR + 0.83%)(b)(d)		6.18%		03/20/2026		10,000		10,032,110
								62,410,040
Biotechnology-0.87%
AbbVie, Inc.		4.80%		03/15/2027		15,769		15,677,984
Broadline Retail-0.52%
eBay, Inc.		1.90%		03/11/2025		9,650		9,395,116
Building Products-0.25%
Carrier Global Corp.		5.80%		11/30/2025		4,432		4,453,503
Consumer Finance-3.35%
American Express Co. (SOFR + 1.35%)(b)		6.71%		10/30/2026		15,000		15,173,592
American Honda Finance Corp. (SOFR + 0.78%)(b)		6.14%		04/23/2025		12,000		12,042,061
Capital One Financial Corp.		3.20%		02/05/2025		10,000		9,832,612
Toyota Motor Credit Corp.		5.40%		11/20/2026		8,000		8,045,225
Toyota Motor Credit Corp. (SOFR + 0.65%)(b)		6.01%		01/05/2026		15,000		15,057,170
								60,150,660
Diversified Banks-17.13%
Australia and New Zealand Banking Group Ltd. (Australia) (SOFR + 0.81%)(b)(d)		6.17%		01/18/2027		14,000		14,102,557
Bank of America N.A.		5.53%		08/18/2026		15,000		15,096,297
Bank of Montreal (Canada) (SOFR + 0.76%)(b)		6.13%		06/04/2027		10,000		10,002,245
Bank of Montreal (Canada) (SOFR + 0.95%)(b)		6.31%		09/25/2025		15,000		15,100,108
Bank of New York Mellon (The) (SOFR + 0.45%)(b)		5.80%		03/13/2026		4,750		4,755,214
Bank of Nova Scotia (The) (Canada) (SOFR + 1.09%)(b)		6.44%		06/12/2025		20,000		20,149,507
Canadian Imperial Bank of Commerce (Canada) (SOFR + 1.22%)(b)		6.58%		10/02/2026		15,000		15,201,957
Citizens Bank N.A.		2.25%		04/28/2025		10,500		10,172,123
Commonwealth Bank of Australia (Australia) (SOFR + 0.75%)(b)(d)		6.10%		03/13/2026		14,512		14,592,275
ING Groep N.V. (Netherlands) (SOFR + 1.56%)(b)		6.91%		09/11/2027		10,000		10,163,233
JPMorgan Chase Bank N.A.		5.11%		12/08/2026		7,589		7,575,280
KeyCorp (SOFR + 1.25%)(b)		6.62%		05/23/2025		10,016		10,021,179
Mitsubishi UFJ Financial Group, Inc. (Japan)(c)		0.95%		07/19/2025		10,220		10,155,516
Mizuho Markets Cayman L.P. (Japan)(c)(d)		6.30%		11/21/2025		15,000		14,984,738
National Australia Bank Ltd. (Australia)		4.97%		01/12/2026		13,334		13,280,473
Nordea Bank Abp (Finland) (SOFR + 0.74%)(b)(d)		6.10%		03/19/2027		14,286		14,345,641
Royal Bank of Canada (Canada) (SOFR + 0.95%)(b)		6.31%		01/19/2027		16,667		16,803,847
Sumitomo Mitsui Trust Bank Ltd. (Japan)(d)		5.20%		03/07/2027		6,557		6,536,827
Sumitomo Mitsui Trust Bank Ltd. (Japan)(d)		5.65%		09/14/2026		4,349		4,372,074

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)
Swedbank AB (Sweden)(d)		6.14%		09/12/2026	$	8,130	$	8,253,710
Swedbank AB (Sweden) (SOFR + 1.38%)(b)(d)		6.73%		06/15/2026		15,000		15,241,506
Toronto-Dominion Bank (The) (Canada) (SOFR + 1.08%)(b)		6.44%		07/17/2026		13,050		13,203,514
Toronto-Dominion Bank (The) (Canada)(c)		7.00%		10/20/2026		9,800		9,805,772
UBS AG (Switzerland)		5.80%		09/11/2025		14,927		14,989,964
Wells Fargo Bank N.A. (SOFR + 0.71%)(b)		6.07%		01/15/2026		6,400		6,427,363
Wells Fargo Bank N.A. (SOFR + 0.80%)(b)		6.16%		08/01/2025		12,000		12,043,596
								307,376,516
Diversified Capital Markets-0.84%
Macquarie Group Ltd. (Australia)(d)		6.21%		11/22/2024		15,000		15,037,967
Diversified Metals & Mining-1.30%
BHP Billiton Finance (USA) Ltd. (Australia)		5.25%		09/08/2026		14,815		14,838,103
Glencore Funding LLC (Australia) (SOFR + 1.06%)(b)(d)		6.42%		04/04/2027		8,522		8,549,780
								23,387,883
Electric Utilities-2.79%
Georgia Power Co. (SOFR + 0.75%)(b)		6.11%		05/08/2025		15,000		15,057,462
National Rural Utilities Cooperative Finance Corp.		5.10%		05/06/2027		15,000		14,986,154
NextEra Energy Capital Holdings, Inc.		6.05%		03/01/2025		8,610		8,629,469
NextEra Energy Capital Holdings, Inc. (SOFR + 0.76%)(b)		6.12%		01/29/2026		11,456		11,486,229
								50,159,314
Health Care Services-1.06%
Laboratory Corp. of America Holdings		3.60%		02/01/2025		11,000		10,847,591
Quest Diagnostics, Inc.		3.50%		03/30/2025		8,300		8,155,200
								19,002,791
Home Improvement Retail-0.37%
Lowe’s Cos., Inc.		4.80%		04/01/2026		6,766		6,711,904
Hotels, Resorts & Cruise Lines-0.66%
Marriott International, Inc.		3.75%		03/15/2025		12,000		11,827,234
Investment Banking & Brokerage-1.96%
Goldman Sachs Group, Inc. (The)		3.50%		01/23/2025		9,846		9,713,083
Goldman Sachs Group, Inc. (The)		5.70%		11/01/2024		5,830		5,830,625
Goldman Sachs Group, Inc. (The) (SOFR + 1.07%)(b)		6.43%		08/10/2026		12,000		12,056,979
Jefferies Financial Group, Inc.		6.05%		03/12/2025		7,500		7,494,599
								35,095,286
Life & Health Insurance-9.31%
Athene Global Funding(d)		5.62%		05/08/2026		12,000		11,986,314
Athene Global Funding (SOFR + 1.21%)(b)(d)		6.57%		03/25/2027		12,000		12,069,787
Brighthouse Financial Global Funding(d)		5.55%		04/09/2027		8,150		8,143,054
Corebridge Global Funding(d)		5.75%		07/02/2026		7,758		7,764,342
Corebridge Global Funding (SOFR + 1.30%)(b)(d)		6.66%		09/25/2026		15,000		15,192,185
Jackson National Life Global Funding(d)		5.50%		01/09/2026		16,667		16,569,290
Jackson National Life Global Funding (SOFR + 1.15%)(b)(d)		6.51%		06/28/2024		10,450		10,456,892
MassMutual Global Funding II (SOFR + 0.77%)(b)(d)		6.13%		01/29/2027		15,000		15,058,113
MassMutual Global Funding II (SOFR + 0.98%)(b)(d)		6.34%		07/10/2026		13,500		13,633,373
Met Tower Global Funding(d)		5.40%		06/20/2026		10,000		10,018,551
Pacific Life Global Funding II (SOFR + 0.60%)(b)(d)		5.95%		03/27/2026		9,750		9,760,991
Pacific Life Global Funding II (SOFR + 0.86%)(b)(d)		6.21%		06/16/2025		5,500		5,530,575
Pacific Life Global Funding II (SOFR + 1.05%)(b)(d)		6.41%		07/28/2026		12,500		12,621,044
Pricoa Global Funding I(d)		5.55%		08/28/2026		3,407		3,427,062
Principal Life Global Funding II(d)		5.00%		01/16/2027		4,500		4,479,076
Protective Life Global Funding(d)		5.37%		01/06/2026		10,339		10,326,187
								167,036,836

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

Invesco Conservative Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Life Sciences Tools & Services-0.20%
Thermo Fisher Scientific, Inc.		1.22%		10/18/2024	$	3,600	$	3,542,055
Managed Health Care-0.44%
Humana, Inc.		5.70%		03/13/2026		7,921		7,921,224
Multi-line Insurance-0.56%
USAA Capital Corp.(d)		5.25%		06/01/2027		10,000		10,029,191
Oil & Gas Storage & Transportation-0.26%
Enbridge, Inc. (Canada)		5.25%		04/05/2027		4,666		4,657,058
Packaged Foods & Meats-0.46%
Campbell Soup Co.		3.95%		03/15/2025		6,000		5,920,122
Campbell Soup Co.		5.30%		03/20/2026		2,352		2,347,440
								8,267,562
Pharmaceuticals-1.67%
Bristol-Myers Squibb Co. (SOFR + 0.49%)(b)		5.85%		02/20/2026		4,651		4,671,728
Eli Lilly and Co.		5.00%		02/27/2026		10,257		10,258,983
Pfizer Investment Enterprises Pte. Ltd.		4.65%		05/19/2025		15,054		14,952,202
								29,882,913
Regional Banks-2.94%
ANZ New Zealand (Int’l) Ltd. (New Zealand) (SOFR + 0.60%)(b)(d)		5.96%		02/18/2025		7,500		7,518,858
Huntington Bancshares, Inc.		2.63%		08/06/2024		17,500		17,398,957
Morgan Stanley Bank N.A. (SOFR + 0.78%)(b)		6.14%		07/16/2025		13,514		13,590,391
Truist Financial Corp.		2.50%		08/01/2024		14,300		14,224,440
								52,732,646
Retail REITs-0.20%
Realty Income Corp.		5.05%		01/13/2026		3,687		3,662,831
Self-Storage REITs-0.56%
Public Storage Operating Co. (SOFR + 0.70%)(b)		6.06%		04/16/2027		10,000		10,075,901
Soft Drinks & Non-alcoholic Beverages-0.90%
Keurig Dr Pepper, Inc. (SOFR + 0.88%)(b)		6.24%		03/15/2027		10,000		10,060,874
PepsiCo, Inc. (SOFR + 0.40%)(b)		5.76%		11/12/2024		6,167		6,173,890
								16,234,764
Specialized Finance-0.84%
Caterpillar Financial Services Corp. (SOFR + 0.45%)(b)		5.81%		11/14/2024		15,000		15,021,847
Systems Software-0.22%
Oracle Corp.		2.50%		04/01/2025		4,000		3,897,523
Technology Hardware, Storage & Peripherals-1.30%
Apple, Inc.		4.42%		05/08/2026		23,444		23,307,983
Total U.S. Dollar Denominated Bonds & Notes (Cost $1,022,320,442)								1,025,445,318
Commercial Paper-18.65%(e)
Automobile Manufacturers-1.85%
Harley-Davidson Financial Services, Inc.(d)		5.96%		06/03/2024		1,200		1,199,448
Harley-Davidson Financial Services, Inc.(d)		6.01%-6.06%		06/04/2024		20,000		19,987,732
Harley-Davidson Financial Services, Inc.(d)		6.10%		06/18/2024		12,000		11,966,268
								33,153,448
Automotive Retail-2.11%
AutoNation, Inc.(d)		5.80%		06/03/2024		8,500		8,495,807
AutoNation, Inc.(d)		5.91%		06/05/2024		12,000		11,990,130
AutoNation, Inc.(d)		5.98%		06/12/2024		7,400		7,385,285

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)		6.04%		06/20/2024	$	10,000	$	9,966,703
								37,837,925
Consumer Finance-0.55%
General Motors Financial Co., Inc.(d)		5.65%		10/01/2024		10,000		9,804,652
Diversified Banks-3.55%
Bank of Nova Scotia (The) (Canada)(d)		6.00%		10/18/2024		10,000		9,792,968
Barclays Capital, Inc. (United Kingdom)		6.14%		07/24/2024		15,000		14,879,337
HSBC USA, Inc.(d)		6.47%		08/22/2024		20,000		19,746,374
UBS AG (Switzerland)(d)		6.13%		07/24/2024		19,500		19,342,547
								63,761,226
Electric Utilities-0.56%
Brookfield BRP Holdings (Canada), Inc. (Canada)		5.90%		06/21/2024		10,000		9,967,893
Gas Utilities-1.17%
WGL Holdings, Inc.(d)		5.96%		06/04/2024		10,000		9,993,982
WGL Holdings, Inc.(d)		5.97%		06/07/2024		11,000		10,988,396
								20,982,378
Household Appliances-1.85%
Whirlpool Corp.(d)		5.93%		06/14/2024		2,800		2,793,588
Whirlpool Corp.(d)		6.08%		06/17/2024		14,500		14,459,478
Whirlpool Corp.(d)		5.93%		06/20/2024		16,000		15,947,156
								33,200,222
Independent Power Producers & Energy Traders-0.42%
AES Corp. (The)		5.81%		06/05/2024		7,500		7,493,880
Oil & Gas Storage & Transportation-0.95%
Energy Transfer L.P.		5.76%		06/03/2024		17,000		16,991,922
Packaged Foods & Meats-0.83%
Conagra Brands, Inc.(d)		5.78%		06/11/2024		15,000		14,973,932
Pharmaceuticals-1.38%
Bayer Corp. (Germany)(d)		6.30%		07/16/2024		25,000		24,819,333
Specialized Finance-1.49%
Aviation Capital Group LLC(d)		5.80%		06/10/2024		7,000		6,989,294
Brookfield Infrastructure Holdings (Canada), Inc. (Canada)		5.96%		07/23/2024		5,000		4,958,775
Brookfield Infrastructure Holdings (Canada), Inc. (Canada)		6.00%		07/30/2024		15,000		14,859,875
								26,807,944
Technology Distributors-0.83%
Arrow Electronics, Inc.(d)		5.81%		06/06/2024		15,000		14,985,652
Telecom Tower REITs-0.83%
Crown Castle, Inc.(d)		5.84%		06/25/2024		15,000		14,939,549
Transaction & Payment Processing Services-0.28%
Global Payments, Inc.		5.96%		06/03/2024		5,000		4,997,515
Total Commercial Paper (Cost $334,691,634)								334,717,471
Asset-Backed Securities-13.66%
Auto Loans/Leases-10.84%
Barclays Dryrock Issuance Trust; Series 2023-2, Class A (30 Day Average SOFR + 0.90%)(b)		6.22%		08/15/2028		13,880		13,974,838
Capital One Prime Auto Receivables Trust; Series 2022-2, Class A2A		3.74%		09/15/2025		711		710,632
CarMax Auto Owner Trust;
Series 2023-2, Class A2A		5.50%		06/15/2026		4,866		4,862,815
Series 2024-1, Class A3		4.92%		10/16/2028		9,860		9,790,355

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)
Chesapeake Funding II LLC (Canada);
Series 2023-1A, Class A1(d)		5.65%		05/15/2035	$	4,753	$	4,752,399
Series 2023-2A, Class A2 (30 Day Average SOFR + 1.10%)(b)(d)		6.42%		10/15/2035		12,714		12,780,107
Series 2024-1A, Class A2 (30 Day Average SOFR + 0.77%)(b)(d)		6.09%		05/15/2036		2,719		2,722,784
Citizens Auto Receivables Trust;
Series 2023-2, Class A2A(d)		6.09%		10/15/2026		8,152		8,166,692
Series 2024-2, Class A3(d)		5.33%		08/15/2028		7,625		7,617,848
DLLAD LLC; Series 2023-1A, Class A2(d)		5.19%		04/20/2026		3,036		3,029,005
DLLST LLC; Series 2024-1A, Class A3(d)		5.05%		08/20/2027		5,440		5,395,390
Enterprise Fleet Financing LLC;
Series 2023-3, Class A2(d)		6.40%		03/20/2030		9,350		9,446,840
Series 2024-1, Class A2(d)		5.23%		03/20/2030		3,740		3,720,211
Ford Credit Auto Lease Trust; Series 2023-A, Class A2A		5.19%		06/15/2025		78		78,012
Ford Credit Auto Owner Trust; Series 2023-B, Class A2A		5.57%		06/15/2026		10,584		10,581,624
GM Financial Automobile Leasing Trust;
Series 2023-1, Class A2A		5.27%		06/20/2025		780		779,839
Series 2023-2, Class A2B (30 Day Average SOFR + 0.82%)(b)		6.14%		10/20/2025		1,445		1,447,706
GreatAmerica Leasing Receivables Funding LLC; Series 2023-1, Class A2(d)		5.35%		02/16/2026		5,342		5,340,949
Hyundai Auto Lease Securitization Trust;
Series 2023-A, Class A2A(d)		5.20%		04/15/2025		998		998,135
Series 2023-B, Class A2A(d)		5.47%		09/15/2025		2,162		2,161,530
Hyundai Auto Receivables Trust; Series 2022-C, Class A2A		5.35%		11/17/2025		2,292		2,291,437
John Deere Owner Trust;
Series 2022-C, Class A2		4.98%		08/15/2025		1,343		1,342,373
Series 2023-B, Class A2		5.59%		06/15/2026		6,348		6,346,562
Series 2023-C, Class A2		5.76%		08/17/2026		9,015		9,019,164
Mercedes-Benz Auto Lease Trust;
Series 2023-A, Class A2		5.24%		11/17/2025		3,602		3,598,652
Series 2024-A, Class A2A		5.44%		02/16/2027		9,167		9,164,061
Mercedes-Benz Auto Receivables Trust;
Series 2022-1, Class A2		5.26%		10/15/2025		747		747,110
Series 2023-1, Class A2		5.09%		01/15/2026		1,030		1,029,720
Nissan Auto Lease Trust;
Series 2023-A, Class A2A		5.10%		03/17/2025		441		441,071
Series 2023-B, Class A2A		5.74%		08/15/2025		3,142		3,143,041
Nissan Auto Receivables Owner Trust; Series 2023-A, Class A2A		5.34%		02/17/2026		2,922		2,920,155
Porsche Financial Auto Securitization Trust; Series 2023-1A, Class A2(d)		5.42%		12/22/2026		7,038		7,033,622
Tesla Auto Lease Trust; Series 2023-A, Class A3(d)		5.89%		06/22/2026		4,000		4,006,016
Toyota Auto Receivables Owner Trust;
Series 2022-C, Class A2A		3.83%		08/15/2025		448		447,655
Series 2022-D, Class A2A		5.27%		01/15/2026		1,385		1,383,947
USAA Auto Owner Trust; Series 2023-A, Class A2(d)		5.83%		07/15/2026		4,677		4,680,357
Volkswagen Auto Lease Trust; Series 2022-A, Class A3		3.44%		07/21/2025		6,459		6,439,141
Wheels Fleet Lease Funding 1 LLC;
Series 2023-2A, Class A(d)		6.46%		08/18/2038		10,000		10,093,432
Series 2024-1A, Class A2 (1 mo. Term SOFR + 0.83%)(b)(d)		6.15%		02/18/2039		4,750		4,754,275
World Omni Auto Receivables Trust;
Series 2022-C, Class A2		3.73%		03/16/2026		2,437		2,431,281
Series 2022-D, Class A2A		5.51%		03/16/2026		2,954		2,953,876
World Omni Automobile Lease Securitization Trust; Series 2023-A, Class A2A		5.47%		11/17/2025		1,771		1,770,191
								194,394,850
Equipment Leasing-0.46%
Dell Equipment Finance Trust;
Series 2023-3, Class A2(d)		6.10%		04/23/2029		5,491		5,499,570
Series 2024-1, Class A3(d)		5.39%		03/22/2030		2,750		2,754,330
								8,253,900
Specialized Finance-2.36%
DLLMT LLC; Series 2023-1A, Class A2(d)		5.78%		11/20/2025		10,917		10,917,381

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

Invesco Conservative Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Specialized Finance-(continued)
First National Master Note Trust; Series 2024-1, Class A		5.34%		05/15/2030	$	3,870	$	3,871,189
Navient Private Education Refi Loan Trust;
Series 2020-FA, Class A(d)		1.22%		07/15/2069		5,609		5,066,953
Series 2021-FA, Class A(d)		1.11%		02/18/2070		3,257		2,772,246
Synchrony Card Funding LLC;
Series 2022-A2, Class A		3.86%		07/15/2028		10,000		9,817,766
Series 2024-A1, Class A		5.04%		03/15/2030		10,000		9,943,008
								42,388,543
Total Asset-Backed Securities (Cost $246,046,773)								245,037,293
Certificates of Deposit-2.79%
Diversified Banks-2.79%
Natixis S.A.		6.02%		10/18/2024		20,000		20,026,872
Natixis S.A. (France) (SOFR + 0.60%)(b)		5.93%		08/04/2025		15,000		15,035,363
Swedbank AB		6.00%		10/21/2024		15,000		15,022,166
Total Certificates of Deposit (Cost $50,000,000)								50,084,401
U.S. Treasury Securities-1.66%
U.S. Treasury Notes-1.66%
U.S. Treasury Notes		4.25%		01/31/2026		20,000		19,772,266
U.S. Treasury Notes		4.50%		03/31/2026		10,000		9,928,320
Total U.S. Treasury Securities (Cost $29,905,088)								29,700,586
TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-93.90% (Cost $1,682,963,937)								1,684,985,069
					Repurchase Amount
Repurchase Agreements-7.02%(f)
BofA Securities, Inc., term agreement dated 05/03/2024, maturing value of $30,004,833 (collateralized by corporate obligations valued at $33,000,076; 0.00% - 10.63%; 10/25/2024 - 12/23/2033)(g)		5.80%		06/03/2024		30,004,833		30,000,000
CF Secured LLC, joint term agreement dated 04/29/2024, aggregate maturing value of $25,004,222 (collateralized by agency and non-agency mortgage-backed securities and agency and non-agency asset-backed securities valued at $26,434,054; 0.00% - 6.70%; 06/25/2027 - 03/25/2083)(g)		6.08%		06/03/2024		15,002,533		15,000,000
Citigroup Global Markets, Inc., joint open agreement dated 05/15/2024 (collateralized by non-agency mortgage-backed securities and corporate obligations valued at $197,116,106; 0.00% - 9.53%; 04/30/2026 - 09/25/2062)(h)		6.02%		06/03/2024		20,063,544		20,000,000
Nomura Securities International, Inc., joint term agreement dated 05/10/2024, aggregate maturing value of $30,005,058 (collateralized by agency mortgage-backed securities valued at $30,600,001; 3.00% - 3.50%; 07/01/2035 - 10/01/2042)(g)		6.07%		06/03/2024		20,003,372		20,000,000
Santander US Capital Markets LLC, joint agreement dated 05/31/2024, aggregate maturing value of $37,017,729 (collateralized by non-agency mortgage-backed securities, non-agency asset-backed securities and corporate obligations valued at $40,719,502; 0.00% - 8.79%; 04/15/2025 - 12/25/2068)		5.75%		06/03/2024		11,005,271		11,000,000
Santander US Capital Markets LLC, term agreement dated 05/06/2024, maturing value of $30,005,025 (collateralized by non-agency asset-backed securities valued at $33,502,581; 4.50% - 8.44%; 03/17/2025 - 10/25/2046)(g)		6.03%		06/03/2024		30,005,025		30,000,000
Total Repurchase Agreements (Cost $126,000,000)								126,000,000
TOTAL INVESTMENTS IN SECURITIES-100.92% (Cost $1,808,963,937)								1,810,985,069
OTHER ASSETS LESS LIABILITIES-(0.92)%								(16,449,179	)
NET ASSETS-100.00%							$	1,794,535,890

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)  Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on May 31, 2024.

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

^(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 May 31, 2024 was $747,290,346, which represented 41.64% 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)  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.

^(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.

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

May 31, 2024

(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 May 31, 2024, 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