Invesco Bond Fund (VBF) NPORT-P Invesco Bond Fund (May 2021 report)

Schedule of Investments^(a)

May 31, 2021

(Unaudited)

	Principal Amount		Value
U.S. Dollar Denominated Bonds & Notes–88.73%
Advertising–0.46%
Interpublic Group of Cos., Inc. (The), 4.75%, 03/30/2030		$530,000	$617,120
Lamar Media Corp.,
3.75%, 02/15/2028		374,000	377,834
3.63%, 01/15/2031(b)		100,000	96,500
			1,091,454
Aerospace & Defense–0.39%
Boeing Co. (The),
2.75%, 02/01/2026		383,000	399,122
2.20%, 02/04/2026		485,000	487,154
TransDigm, Inc., 6.38%, 06/15/2026		48,000	49,743
			936,019
Agricultural Products–0.23%
Bunge Ltd. Finance Corp., 2.75%, 05/14/2031		55,000	54,976
Cargill, Inc.,
0.75%, 02/02/2026(b)		191,000	189,035
3.13%, 05/25/2051(b)		306,000	305,873
			549,884
Airlines–2.70%
American Airlines Pass-Through Trust,
Series 2017-1, Class AA, 3.65%, 02/15/2029		451,605	463,583
Series 2017-2, Class AA, 3.35%, 10/15/2029		29,317	29,619
American Airlines, Inc./AAdvantage Loyalty IP Ltd.,
5.50%, 04/20/2026(b)		84,000	88,518
5.75%, 04/20/2029(b)		123,000	132,103
British Airways Pass-Through Trust (United Kingdom), Series 2019-1, Class AA, 3.30%, 12/15/2032(b)		540,037	550,399
Delta Air Lines Pass-Through Trust,
Series 2019-1, Class A, 3.40%, 04/25/2024		447,000	466,139
Series 2020-1, Class AA, 2.00%, 06/10/2028		334,686	336,035
Delta Air Lines, Inc.,
7.00%, 05/01/2025(b)		135,000	157,076
7.38%, 01/15/2026		134,000	157,887
Delta Air Lines, Inc./SkyMiles IP Ltd.,
4.50%, 10/20/2025(b)		372,000	401,849
4.75%, 10/20/2028(b)		624,000	681,640

	Principal Amount		Value
Airlines–(continued)
United Airlines Pass-Through Trust,
Series 2014-2, Class B, 4.63%, 09/03/2022		$305,203	$312,956
Series 2016-1, Class B, 3.65%, 01/07/2026		295,736	294,094
Series 2020-1, Class A, 5.88%, 10/15/2027		601,443	668,297
Series 2018-1, Class AA, 3.50%, 03/01/2030		539,795	565,450
Series 2019-1, Class A, 4.55%, 08/25/2031		269,862	288,765
Series 2019-1, Class AA, 4.15%, 08/25/2031		524,928	569,056
United Airlines, Inc.,
4.38%, 04/15/2026(b)		150,000	155,627
4.63%, 04/15/2029(b)		97,000	100,337
			6,419,430
Alternative Carriers–0.10%
Level 3 Financing, Inc., 3.75%, 07/15/2029(b)		220,000	212,399
Lumen Technologies, Inc., Series P, 7.60%, 09/15/2039		18,000	20,470
			232,869
Apparel Retail–0.14%
L Brands, Inc., 6.75%, 07/01/2036		73,000	87,002
Ross Stores, Inc., 0.88%, 04/15/2026		257,000	252,308
			339,310
Application Software–0.16%
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/2029(b)		380,000	371,929
Asset Management & Custody Banks–1.67%
Affiliated Managers Group, Inc., 4.25%, 02/15/2024		1,112,000	1,216,459
Ameriprise Financial, Inc., 3.00%, 04/02/2025		363,000	389,984
Apollo Management Holdings L.P., 4.95%, 01/14/2050(b)(c)		50,000	51,812
Carlyle Holdings II Finance LLC, 5.63%, 03/30/2043(b)		1,304,000	1,649,784
CI Financial Corp. (Canada), 3.20%, 12/17/2030		444,000	450,923
Owl Rock Capital Corp., 2.63%, 01/15/2027		210,000	210,016
			3,968,978
Auto Parts & Equipment–0.04%
Clarios Global L.P./Clarios US Finance Co., 8.50%, 05/15/2027(b)		30,000	32,663
Dana Financing Luxembourg S.a.r.l., 5.75%, 04/15/2025(b)		22,000	22,713
Dana, Inc., 5.38%, 11/15/2027		37,000	39,405
			94,781

 

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

Invesco Bond Fund

	Principal Amount		Value
Automobile Manufacturers–1.32%
Allison Transmission, Inc., 3.75%, 01/30/2031(b)		$316,000	$303,755
Ford Motor Co.,
8.50%, 04/21/2023		88,000	98,347
9.00%, 04/22/2025		169,000	206,696
9.63%, 04/22/2030		38,000	52,965
4.75%, 01/15/2043		71,000	71,723
Ford Motor Credit Co. LLC, 3.38%, 11/13/2025		206,000	211,161
Hyundai Capital America, 4.30%, 02/01/2024(b)		1,788,000	1,941,101
J.B. Poindexter & Co., Inc., 7.13%, 04/15/2026(b)		54,000	57,110
Volkswagen Group of America Finance LLC (Germany), 1.63%, 11/24/2027(b)		200,000	198,077
			3,140,935
Automotive Retail–0.11%
Group 1 Automotive, Inc., 4.00%, 08/15/2028(b)		120,000	120,917
Lithia Motors, Inc., 3.88%, 06/01/2029(b)		86,000	88,460
Penske Automotive Group, Inc., 5.50%, 05/15/2026		59,000	60,906
			270,283
Biotechnology–0.02%
AbbVie, Inc., 4.05%, 11/21/2039		50,000	56,017
Brewers–0.23%
Anheuser-Busch InBev Worldwide, Inc. (Belgium), 8.00%, 11/15/2039		343,000	547,017
Broadcasting–0.03%
Gray Television, Inc., 7.00%, 05/15/2027(b)		75,000	81,262
Cable & Satellite–2.23%
CCO Holdings LLC/CCO Holdings Capital Corp.,
5.75%, 02/15/2026(b)		149,000	154,252
5.00%, 02/01/2028(b)		31,000	32,473
4.50%, 08/15/2030(b)		99,000	101,009
4.25%, 02/01/2031(b)		140,000	139,895
4.50%, 06/01/2033(b)		204,000	203,806
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.,
5.38%, 04/01/2038		42,000	50,103
3.50%, 06/01/2041		322,000	307,699
5.75%, 04/01/2048		316,000	386,829
3.90%, 06/01/2052		340,000	326,871
3.85%, 04/01/2061		446,000	410,293
4.40%, 12/01/2061		340,000	344,487
Comcast Corp.,
6.45%, 03/15/2037		531,000	759,072
4.60%, 10/15/2038		326,000	393,219
2.80%, 01/15/2051		357,000	329,515
Cox Communications, Inc.,
1.80%, 10/01/2030(b)		40,000	37,621
2.60%, 06/15/2031(b)		266,000	265,271
3.60%, 06/15/2051(b)		680,000	681,276

	Principal Amount		Value
Cable & Satellite–(continued)
CSC Holdings LLC,
6.75%, 11/15/2021		$67,000	$68,729
5.25%, 06/01/2024		94,000	102,079
DISH DBS Corp., 7.75%, 07/01/2026		22,000	25,018
Sirius XM Radio, Inc., 4.13%, 07/01/2030(b)		175,000	175,656
			5,295,173
Casinos & Gaming–0.28%
Boyne USA, Inc., 4.75%, 05/15/2029(b)		43,000	44,509
International Game Technology PLC, 4.13%, 04/15/2026(b)		200,000	206,763
MGM Resorts International,
7.75%, 03/15/2022		42,000	44,017
6.00%, 03/15/2023		67,000	71,606
Mohegan Gaming & Entertainment, 8.00%, 02/01/2026(b)		86,000	88,044
Scientific Games International, Inc., 8.25%, 03/15/2026(b)		119,000	128,163
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 5.13%, 10/01/2029(b)		83,000	86,091
			669,193
Coal & Consumable Fuels–0.07%
SunCoke Energy Partners L.P./SunCoke Energy Partners Finance Corp., 7.50%, 06/15/2025(b)		165,000	170,981
Commodity Chemicals–0.10%
Axalta Coating Systems LLC, 3.38%, 02/15/2029(b)		245,000	237,262
Computer & Electronics Retail–0.02%
Rent-A-Center, Inc., 6.38%, 02/15/2029(b)		52,000	55,793
Construction & Engineering–0.08%
AECOM, 5.13%, 03/15/2027		24,000	26,580
Great Lakes Dredge & Dock Corp., 5.25%, 06/01/2029(b)		88,000	89,760
New Enterprise Stone & Lime Co., Inc.,
6.25%, 03/15/2026(b)		40,000	41,275
9.75%, 07/15/2028(b)		33,000	36,795
			194,410
Construction Materials–0.18%
CRH America Finance, Inc. (Ireland), 3.95%, 04/04/2028(b)		384,000	430,704
Consumer Finance–0.56%
Ally Financial, Inc.,
5.13%, 09/30/2024		34,000	38,509
4.63%, 03/30/2025		223,000	251,241
Series C, 4.70%(c)(d)		412,000	416,635
Navient Corp.,
7.25%, 01/25/2022		25,000	25,938
7.25%, 09/25/2023		184,000	202,184
5.00%, 03/15/2027		82,000	83,537
5.63%, 08/01/2033		28,000	26,918

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

Invesco Bond Fund

	Principal Amount		Value
Consumer Finance–(continued)
OneMain Finance Corp.,
6.88%, 03/15/2025		$50,000	$56,562
7.13%, 03/15/2026		120,000	139,800
5.38%, 11/15/2029		90,000	95,946
			1,337,270
Copper–0.14%
Freeport-McMoRan, Inc.,
4.38%, 08/01/2028		161,000	170,282
5.40%, 11/14/2034		139,000	164,965
			335,247
Data Processing & Outsourced Services–0.28%
Cardtronics, Inc./Cardtronics USA, Inc., 5.50%, 05/01/2025(b)		115,000	118,163
Fidelity National Information Services, Inc., 2.25%, 03/01/2031		50,000	49,029
Square, Inc.,
2.75%, 06/01/2026(b)		164,000	165,533
3.50%, 06/01/2031(b)		328,000	328,390
			661,115
Department Stores–0.16%
Macy’s Retail Holdings LLC, 5.88%, 04/01/2029(b)		106,000	113,155
Macy’s, Inc., 8.38%, 06/15/2025(b)		233,000	257,768
			370,923
Diversified Banks–10.86%
Africa Finance Corp. (Supranational), 4.38%, 04/17/2026(b)		1,080,000	1,177,124
African Export-Import Bank (The) (Supranational),
2.63%, 05/17/2026(b)		211,000	213,705
3.80%, 05/17/2031(b)		200,000	202,722
Australia & New Zealand Banking Group Ltd. (Australia),
2.57%, 11/25/2035(b)(c)		229,000	220,099
6.75%(b)(c)(d)		765,000	899,514
Bank of America Corp.,
2.69%, 04/22/2032(c)		580,000	588,466
7.75%, 05/14/2038		765,000	1,192,599
2.68%, 06/19/2041(c)		75,000	70,974
Series AA, 6.10%(c)(d)		1,369,000	1,541,744
Series DD, 6.30%(c)(d)		402,000	466,692
Bank of China Ltd. (China), 5.00%, 11/13/2024(b)		540,000	605,389
BBVA Bancomer S.A. (Mexico), 4.38%, 04/10/2024(b)		535,000	585,408
BPCE S.A. (France), 2.28%, 01/20/2032(b)(c)		260,000	252,374
Citigroup, Inc.,
5.50%, 09/13/2025		1,116,000	1,313,616
3.11%, 04/08/2026(c)		414,000	444,527
4.41%, 03/31/2031(c)		335,000	385,592
2.57%, 06/03/2031(c)		60,000	60,754
2.56%, 05/01/2032(c)		374,000	375,154
4.65%, 07/23/2048		249,000	312,212
3.88%(c)(d)		619,000	625,190
Series A, 5.95%(c)(d)		108,000	113,696
Series V, 4.70%(c)(d)		260,000	267,638

	Principal Amount		Value
Diversified Banks–(continued)
Citizens Bank N.A., 2.25%, 04/28/2025		$300,000	$313,973
Commonwealth Bank of Australia (Australia), 2.69%, 03/11/2031(b)		225,000	221,093
Credit Agricole S.A. (France),
1.91%, 06/16/2026(b)(c)		250,000	256,082
7.88%(b)(c)(d)		200,000	226,250
Federation des Caisses Desjardins du Quebec (Canada), 2.05%, 02/10/2025(b)		615,000	637,758
Global Bank Corp. (Panama), 4.50%, 10/20/2021(b)		772,000	777,211
HSBC Holdings PLC (United Kingdom),
1.65%, 04/18/2026(c)		202,000	205,400
2.01%, 09/22/2028(c)		575,000	575,966
2.80%, 05/24/2032(c)		207,000	209,190
4.60%(c)(d)		312,000	319,647
6.00%(c)(d)		845,000	933,725
ING Groep N.V. (Netherlands), 6.88%(b)(c)(d)		409,000	426,942
Intesa Sanpaolo S.p.A. (Italy), 4.95%, 06/01/2042(b)		393,000	400,774
JPMorgan Chase & Co.,
1.06% (3 mo. USD LIBOR + 0.89%), 07/23/2024(e)		756,000	765,738
2.58%, 04/22/2032(c)		395,000	398,264
Series W, 1.16% (3 mo. USD LIBOR + 1.00%), 05/15/2047(e)		790,000	667,550
Series KK, 3.65%(c)(d)		214,000	215,271
Series V, 3.52% (3 mo. USD LIBOR + 3.32%)(d)(e)		490,000	488,824
Mizuho Financial Group, Inc. (Japan), 2.17%, 05/22/2032(c)		500,000	488,620
National Australia Bank Ltd. (Australia), 2.99%, 05/21/2031(b)		263,000	264,520
Standard Chartered PLC (United Kingdom),
1.38% (3 mo. USD LIBOR + 1.20%), 09/10/2022(b)(e)		442,000	443,256
3.27%, 02/18/2036(b)(c)		471,000	470,040
7.50%(b)(c)(d)		210,000	220,089
7.75%(b)(c)(d)		459,000	500,820
Sumitomo Mitsui Financial Group, Inc. (Japan), 2.14%, 09/23/2030		50,000	48,181
UniCredit S.p.A. (Italy),
1.98%, 06/03/2027(b)(c)		294,000	294,496
3.13%, 06/03/2032(b)(c)		232,000	231,798
Wells Fargo & Co.,
5.38%, 11/02/2043		1,685,000	2,172,926
4.75%, 12/07/2046		344,000	419,169
Series BB, 3.90%(c)(d)		276,000	283,086
			25,791,848
Diversified Capital Markets–1.96%
Credit Suisse Group AG (Switzerland),
4.19%, 04/01/2031(b)(c)		280,000	311,688
4.50%(b)(c)(d)		468,000	456,347
5.10%(b)(c)(d)		478,000	485,137
5.25%(b)(c)(d)		448,000	468,720
7.13%(b)(c)(d)		426,000	445,911
7.50%(b)(c)(d)		592,000	640,248
7.50%(b)(c)(d)		200,000	216,300

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

Invesco Bond Fund

	Principal Amount		Value
Diversified Capital Markets–(continued)
Macquarie Bank Ltd. (Australia), 6.13%(b)(c)(d)		$530,000	$573,903
UBS Group AG (Switzerland),
3.88%(b)(c)(d)		810,000	811,061
4.38%(b)(c)(d)		258,000	257,677
			4,666,992
Diversified Metals & Mining–0.89%
Corp. Nacional del Cobre de Chile (Chile), 3.15%, 01/15/2051(b)		200,000	183,270
FMG Resources August 2006 Pty. Ltd. (Australia), 4.38%, 04/01/2031(b)		315,000	329,506
Teck Resources Ltd. (Canada),
6.13%, 10/01/2035		492,000	617,457
6.25%, 07/15/2041		762,000	988,404
			2,118,637
Diversified REITs–1.28%
iStar, Inc., 4.75%, 10/01/2024		90,000	94,185
Trust Fibra Uno (Mexico),
5.25%, 12/15/2024(b)		283,000	314,558
5.25%, 01/30/2026(b)		764,000	857,590
4.87%, 01/15/2030(b)		360,000	398,250
6.39%, 01/15/2050(b)		1,180,000	1,365,602
			3,030,185
Drug Retail–0.93%
CVS Pass-Through Trust,
6.04%, 12/10/2028		705,146	833,698
5.77%, 01/10/2033(b)		1,149,299	1,371,776
			2,205,474
Electric Utilities–3.04%
Consolidated Edison Co. of New York, Inc., Series C, 3.00%, 12/01/2060		436,000	393,213
Drax Finco PLC (United Kingdom), 6.63%, 11/01/2025(b)		400,000	413,502
Duke Energy Progress LLC, 2.50%, 08/15/2050		587,000	517,023
Electricite de France S.A. (France), 6.00%, 01/22/2114(b)		1,755,000	2,405,070
Georgia Power Co.,
2.85%, 05/15/2022		275,000	281,938
Series A, 2.20%, 09/15/2024		1,285,000	1,343,764
Southern Co. (The),
Series B, 4.00%, 01/15/2051(c)		437,000	463,447
5.50%, 03/15/2057(c)		711,000	727,390
Series 21-A, 3.75%, 09/15/2051(c)		213,000	216,634
Talen Energy Supply LLC, 7.63%, 06/01/2028(b)		125,000	129,876
Vistra Operations Co. LLC,
5.63%, 02/15/2027(b)		29,000	30,124
5.00%, 07/31/2027(b)		55,000	56,237
4.38%, 05/01/2029(b)		239,000	240,693
			7,218,911
Electrical Components & Equipment–0.35%
Acuity Brands Lighting, Inc., 2.15%, 12/15/2030		376,000	366,048
AES Andres B.V. (Dominican Republic), 5.70%, 05/04/2028(b)		364,000	375,830

	Principal Amount		Value
Electrical Components & Equipment–(continued)
EnerSys,
5.00%, 04/30/2023(b)		$76,000	$79,651
4.38%, 12/15/2027(b)		18,000	18,669
			840,198
Electronic Components–1.70%
Corning, Inc., 5.45%, 11/15/2079		3,134,000	4,043,083
Electronic Equipment & Instruments–0.24%
Vontier Corp.,
2.40%, 04/01/2028(b)		312,000	309,829
2.95%, 04/01/2031(b)		266,000	263,484
			573,313
Electronic Manufacturing Services–0.19%
Jabil, Inc., 3.00%, 01/15/2031		450,000	456,836
Fertilizers & Agricultural Chemicals–0.09%
OCI N.V. (Netherlands), 4.63%, 10/15/2025(b)		200,000	208,497
Financial Exchanges & Data–0.51%
Moody’s Corp., 5.25%, 07/15/2044		389,000	510,296
MSCI, Inc.,
3.88%, 02/15/2031(b)		257,000	261,497
3.63%, 11/01/2031(b)		209,000	210,971
S&P Global, Inc., 1.25%, 08/15/2030		247,000	229,034
			1,211,798
Food Distributors–0.21%
American Builders & Contractors Supply Co., Inc.,
4.00%, 01/15/2028(b)		86,000	88,085
3.88%, 11/15/2029(b)		420,000	413,847
			501,932
Food Retail–0.57%
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s L.P./Albertson’s LLC, 3.50%, 02/15/2023(b)		394,000	404,335
Alimentation Couche-Tard, Inc. (Canada), 3.63%, 05/13/2051(b)		390,000	392,865
PetSmart, Inc./PetSmart Finance Corp., 4.75%, 02/15/2028(b)		250,000	259,237
SEG Holding LLC/SEG Finance Corp., 5.63%, 10/15/2028(b)		164,000	171,913
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc., 4.63%, 03/01/2029(b)		125,000	126,811
			1,355,161
Health Care Distributors–0.06%
Owens & Minor, Inc., 4.50%, 03/31/2029(b)		148,000	149,285
Health Care Facilities–0.51%
Encompass Health Corp., 4.75%, 02/01/2030		148,000	155,410

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

Invesco Bond Fund

	Principal Amount		Value
Health Care Facilities–(continued)
HCA, Inc.,
5.00%, 03/15/2024		$698,000	$778,648
5.38%, 02/01/2025		39,000	43,680
5.25%, 04/15/2025		30,000	34,574
5.88%, 02/15/2026		71,000	81,206
5.38%, 09/01/2026		18,000	20,385
3.50%, 09/01/2030		100,000	102,833
			1,216,736
Health Care REITs–0.98%
Diversified Healthcare Trust,
6.75%, 12/15/2021		1,090,000	1,094,954
9.75%, 06/15/2025		81,000	90,201
4.38%, 03/01/2031		184,000	173,348
MPT Operating Partnership L.P./MPT Finance Corp., 4.63%, 08/01/2029		328,000	348,420
National Health Investors, Inc., 3.00%, 02/01/2031		175,000	166,669
Omega Healthcare Investors, Inc., 3.25%, 04/15/2033		457,000	447,347
			2,320,939
Health Care Services–0.51%
Akumin, Inc., 7.00%, 11/01/2025(b)		200,000	207,236
Cigna Corp., 4.80%, 08/15/2038		40,000	48,547
CVS Health Corp., 1.30%, 08/21/2027		278,000	271,753
DaVita, Inc.,
4.63%, 06/01/2030(b)		36,000	36,763
3.75%, 02/15/2031(b)		180,000	172,813
Fresenius Medical Care US Finance III, Inc. (Germany), 1.88%, 12/01/2026(b)		258,000	259,479
Hadrian Merger Sub, Inc., 8.50%, 05/01/2026(b)		43,000	44,823
MEDNAX, Inc., 6.25%, 01/15/2027(b)		83,000	88,047
RP Escrow Issuer LLC, 5.25%, 12/15/2025(b)		84,000	86,938
			1,216,399
Home Improvement Retail–0.31%
Lowe’s Cos., Inc.,
2.63%, 04/01/2031		340,000	345,945
3.50%, 04/01/2051		389,000	399,856
			745,801
Homebuilding–0.88%
Ashton Woods USA LLC/Ashton Woods Finance Co., 9.88%, 04/01/2027(b)		75,000	84,897
Lennar Corp.,
5.38%, 10/01/2022		56,000	59,298
4.75%, 11/15/2022		31,000	32,615
M.D.C. Holdings, Inc.,
3.85%, 01/15/2030		764,000	820,020
6.00%, 01/15/2043		530,000	674,070
Mattamy Group Corp. (Canada), 4.63%, 03/01/2030(b)		200,000	199,772
PulteGroup, Inc.,
6.38%, 05/15/2033		2,000	2,603
6.00%, 02/15/2035		66,000	84,713

	Principal Amount		Value
Homebuilding–(continued)
Taylor Morrison Communities, Inc., 6.63%, 07/15/2027(b)		$113,000	$121,852
Taylor Morrison Communities, Inc./Taylor Morrison Holdings II, Inc., 5.88%, 04/15/2023(b)		10,000	10,712
			2,090,552
Hotels, Resorts & Cruise Lines–0.29%
Carnival Corp.,
11.50%, 04/01/2023(b)		49,000	56,128
10.50%, 02/01/2026(b)		25,000	29,537
5.75%, 03/01/2027(b)		25,000	26,594
Expedia Group, Inc.,
4.63%, 08/01/2027(b)		286,000	324,021
2.95%, 03/15/2031(b)		37,000	36,954
Hilton Domestic Operating Co., Inc., 3.63%, 02/15/2032(b)		216,000	211,680
			684,914
Household Products–0.04%
Energizer Holdings, Inc., 4.38%, 03/31/2029(b)		87,000	86,021
Independent Power Producers & Energy Traders–0.79%
AES Corp. (The),
1.38%, 01/15/2026(b)		258,000	255,207
2.45%, 01/15/2031(b)		284,000	275,672
Calpine Corp., 3.75%, 03/01/2031(b)		580,000	546,633
Clearway Energy Operating LLC,
4.75%, 03/15/2028(b)		97,000	100,485
3.75%, 02/15/2031(b)		75,000	72,657
EnfraGen Energia Sur S.A./EnfraGen Spain S.A./Prime Energia S.p.A. (Spain), 5.38%, 12/30/2030(b)		630,000	627,004
			1,877,658
Industrial Conglomerates–0.88%
GE Capital International Funding Co. Unlimited Co., 4.42%, 11/15/2035		630,000	733,476
General Electric Co., 5.55%, 01/05/2026		1,127,000	1,345,055
			2,078,531
Industrial Machinery–0.20%
Cleaver-Brooks, Inc., 7.88%, 03/01/2023(b)		42,000	42,229
EnPro Industries, Inc., 5.75%, 10/15/2026		79,000	83,555
Mueller Water Products, Inc., 4.00%, 06/15/2029(b)		87,000	88,849
Weir Group PLC (The) (United Kingdom), 2.20%, 05/13/2026(b)		246,000	248,550
			463,183
Insurance Brokers–0.15%
Arthur J Gallagher & Co.,
2.50%, 05/20/2031		146,000	145,760
3.50%, 05/20/2051		218,000	221,566
			367,326
Integrated Oil & Gas–0.94%
BP Capital Markets America, Inc., 2.94%, 06/04/2051		245,000	227,012

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

Invesco Bond Fund

	Principal Amount		Value
Integrated Oil & Gas–(continued)
BP Capital Markets PLC (United Kingdom), 4.38%(c)(d)		$272,000	$289,340
Occidental Petroleum Corp.,
2.70%, 02/15/2023		16,000	16,116
2.90%, 08/15/2024		153,000	152,809
8.50%, 07/15/2027		15,000	18,256
6.13%, 01/01/2031		51,000	56,634
6.20%, 03/15/2040		39,000	41,200
4.10%, 02/15/2047		51,000	41,001
Saudi Arabian Oil Co. (Saudi Arabia),
2.88%, 04/16/2024(b)		771,000	817,735
4.38%, 04/16/2049(b)		346,000	385,548
3.50%, 11/24/2070(b)		200,000	187,448
			2,233,099
Integrated Telecommunication Services–4.76%
Altice France S.A. (France),
7.38%, 05/01/2026(b)		200,000	208,234
5.13%, 07/15/2029(b)		200,000	198,551
AT&T, Inc.,
1.36% (3 mo. USD LIBOR + 1.18%), 06/12/2024(e)		393,000	403,501
3.10%, 02/01/2043		499,000	473,333
3.50%, 09/15/2053(b)		1,174,000	1,115,580
3.55%, 09/15/2055(b)		3,939,000	3,729,890
3.50%, 02/01/2061		320,000	301,019
Embarq Corp., 8.00%, 06/01/2036		57,000	64,491
NBN Co. Ltd. (Australia), 2.63%, 05/05/2031(b)		458,000	460,955
Telefonica Emisiones S.A. (Spain), 7.05%, 06/20/2036		1,066,000	1,502,987
Verizon Communications, Inc.,
0.85%, 11/20/2025		420,000	416,098
1.75%, 01/20/2031		328,000	308,477
2.55%, 03/21/2031		195,000	196,238
4.81%, 03/15/2039		377,000	461,915
2.65%, 11/20/2040		232,000	214,155
3.40%, 03/22/2041		197,000	200,579
2.88%, 11/20/2050		216,000	195,180
3.00%, 11/20/2060		636,000	565,852
3.70%, 03/22/2061		277,000	279,959
			11,296,994
Interactive Home Entertainment–0.66%
Activision Blizzard, Inc., 2.50%, 09/15/2050		471,000	402,219
Electronic Arts, Inc.,
1.85%, 02/15/2031		453,000	431,844
2.95%, 02/15/2051		431,000	401,940
WMG Acquisition Corp., 3.00%, 02/15/2031(b)		357,000	337,428
			1,573,431
Interactive Media & Services–1.52%
Alphabet, Inc.,
1.90%, 08/15/2040		247,000	218,388
2.25%, 08/15/2060		429,000	359,566
Baidu, Inc. (China),
3.08%, 04/07/2025		210,000	222,057
1.72%, 04/09/2026		210,000	211,056

	Principal Amount		Value
Interactive Media & Services–(continued)
Entercom Media Corp., 6.75%, 03/31/2029(b)		$84,000	$85,629
Scripps Escrow II, Inc., 3.88%, 01/15/2029(b)		86,000	83,866
Tencent Holdings Ltd. (China),
1.81%, 01/26/2026(b)		200,000	203,913
3.60%, 01/19/2028(b)		620,000	670,206
2.39%, 06/03/2030(b)		381,000	375,629
3.93%, 01/19/2038(b)		448,000	474,599
3.68%, 04/22/2041(b)		200,000	204,974
3.84%, 04/22/2051(b)		200,000	202,654
Twitter, Inc., 3.88%, 12/15/2027(b)		284,000	300,216
			3,612,753
Internet & Direct Marketing Retail–1.75%
Alibaba Group Holding Ltd. (China),
3.15%, 02/09/2051		336,000	320,941
4.40%, 12/06/2057		290,000	332,745
3.25%, 02/09/2061		382,000	362,309
Amazon.com, Inc.,
1.00%, 05/12/2026		194,000	194,000
2.10%, 05/12/2031		200,000	200,722
3.10%, 05/12/2051		675,000	674,482
Meituan (China),
2.13%, 10/28/2025(b)		400,000	396,723
3.05%, 10/28/2030(b)		500,000	485,557
Prosus N.V. (China), 3.83%, 02/08/2051(b)		1,092,000	1,012,260
QVC, Inc., 5.45%, 08/15/2034		167,000	170,095
			4,149,834
Internet Services & Infrastructure–0.56%
Leidos, Inc., 2.30%, 02/15/2031(b)		470,000	450,410
Twilio, Inc.,
3.63%, 03/15/2029		306,000	308,197
3.88%, 03/15/2031		321,000	325,595
VeriSign, Inc., 2.70%, 06/15/2031		242,000	242,920
			1,327,122
Investment Banking & Brokerage–2.83%
Brookfield Finance, Inc. (Canada), 2.72%, 04/15/2031		282,000	284,124
Cantor Fitzgerald L.P., 6.50%, 06/17/2022(b)		516,000	544,957
Charles Schwab Corp. (The), Series E, 4.63%(c)(d)		790,000	802,482
Goldman Sachs Group, Inc. (The),
0.59% (SOFR + 0.58%), 03/08/2024(e)		598,000	600,252
3.50%, 04/01/2025		360,000	392,683
0.80% (SOFR + 0.79%), 12/09/2026(e)		659,000	660,266
0.82% (SOFR + 0.81%), 03/09/2027(e)		846,000	846,752
6.75%, 10/01/2037		284,000	405,672
4.80%, 07/08/2044		970,000	1,217,028
Series T, 3.80%(c)(d)		15,000	15,060
Jefferies Group LLC/Jefferies Group Capital Finance, Inc., 4.15%, 01/23/2030		30,000	33,277

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

Invesco Bond Fund

	Principal Amount		Value
Investment Banking & Brokerage–(continued)
Morgan Stanley,
2.19%, 04/28/2026(c)		$279,000	$291,906
3.62%, 04/01/2031(c)		345,000	380,264
3.22%, 04/22/2042(c)		10,000	10,189
NFP Corp., 4.88%, 08/15/2028(b)		33,000	33,124
Raymond James Financial, Inc., 3.75%, 04/01/2051		195,000	207,784
			6,725,820
IT Consulting & Other Services–0.06%
Gartner, Inc., 4.50%, 07/01/2028(b)		124,000	130,748
Leisure Facilities–0.02%
Cedar Fair L.P./Canada’s Wonderland Co./Magnum Management Corp., 5.38%, 06/01/2024		44,000	44,636
Life & Health Insurance–2.94%
American Equity Investment Life Holding Co., 5.00%, 06/15/2027		288,000	327,874
Athene Global Funding,
1.20%, 10/13/2023(b)		489,000	494,638
2.50%, 01/14/2025(b)		362,000	378,493
1.45%, 01/08/2026(b)		226,000	225,917
Athene Holding Ltd.,
4.13%, 01/12/2028		887,000	983,790
6.15%, 04/03/2030		384,000	478,523
3.95%, 05/25/2051		68,000	69,550
Brighthouse Financial, Inc., 4.70%, 06/22/2047		370,000	399,901
Global Atlantic Fin Co., 4.40%, 10/15/2029(b)		1,167,000	1,254,275
MAG Mutual Holding Co., 4.75%, 04/30/2041		1,039,000	1,039,000
MetLife, Inc., 4.13%, 08/13/2042		357,000	413,655
Nationwide Financial Services, Inc., 3.90%, 11/30/2049(b)		339,000	360,386
Prudential Financial, Inc., 3.91%, 12/07/2047		503,000	559,618
			6,985,620
Managed Health Care–0.42%
Centene Corp.,
5.38%, 06/01/2026(b)		86,000	89,694
5.38%, 08/15/2026(b)		26,000	27,236
4.63%, 12/15/2029		88,000	95,116
3.38%, 02/15/2030		154,000	155,745
2.50%, 03/01/2031		649,000	622,686
			990,477
Metal & Glass Containers–0.21%
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, 3.25%, 09/01/2028(b)		200,000	200,016
Ball Corp., 5.25%, 07/01/2025		70,000	79,334
Intertape Polymer Group, Inc. (Canada), 4.38%, 06/15/2029(b)		34,000	34,382
Silgan Holdings, Inc., 1.40%, 04/01/2026(b)		178,000	176,601
			490,333

	Principal Amount		Value
Movies & Entertainment–0.29%
Netflix, Inc.,
5.88%, 11/15/2028		$186,000	$225,310
5.38%, 11/15/2029(b)		26,000	30,777
Tencent Music Entertainment Group (China),
1.38%, 09/03/2025		210,000	208,039
2.00%, 09/03/2030		235,000	223,012
			687,138
Multi-line Insurance–1.66%
American International Group, Inc.,
3.40%, 06/30/2030		520,000	562,059
4.50%, 07/16/2044		1,359,000	1,586,398
Fairfax Financial Holdings Ltd. (Canada),
4.85%, 04/17/2028		379,000	428,856
4.63%, 04/29/2030		362,000	403,432
Nationwide Mutual Insurance Co., 4.95%, 04/22/2044(b)		830,000	967,620
			3,948,365
Multi-Utilities–0.05%
WEC Energy Group, Inc., 1.38%, 10/15/2027		129,000	126,172
Office REITs–0.56%
Alexandria Real Estate Equities, Inc., 3.95%, 01/15/2027		523,000	584,809
Highwoods Realty L.P., 2.60%, 02/01/2031		98,000	97,015
Office Properties Income Trust,
4.50%, 02/01/2025		521,000	562,222
2.65%, 06/15/2026		74,000	74,504
			1,318,550
Oil & Gas Drilling–0.14%
Delek Logistics Partners L.P./Delek Logistics Finance Corp., 7.13%, 06/01/2028(b)		87,000	89,936
NGL Energy Operating LLC/NGL Energy Finance Corp., 7.50%, 02/01/2026(b)		70,000	72,970
Precision Drilling Corp. (Canada), 5.25%, 11/15/2024		37,000	36,190
Rockies Express Pipeline LLC,
4.80%, 05/15/2030(b)		70,000	70,054
6.88%, 04/15/2040(b)		57,000	61,429
			330,579
Oil & Gas Equipment & Services–0.04%
USA Compression Partners L.P./USA Compression Finance Corp., 6.88%, 09/01/2027		82,000	86,267
Oil & Gas Exploration & Production–1.55%
Aethon United BR L.P./Aethon United Finance Corp., 8.25%, 02/15/2026(b)		176,000	188,760
Cameron LNG LLC,
3.30%, 01/15/2035(b)		457,000	477,837
3.40%, 01/15/2038(b)		494,000	510,854
CNX Resources Corp., 7.25%, 03/14/2027(b)		80,000	86,132
EQT Corp.,
3.13%, 05/15/2026(b)		97,000	99,034
3.63%, 05/15/2031(b)		97,000	100,025

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

Invesco Bond Fund

	Principal Amount		Value
Oil & Gas Exploration & Production–(continued)
Galaxy Pipeline Assets Bidco Ltd. (United Arab Emirates),
2.16%, 03/31/2034(b)		$297,000	$293,815
2.94%, 09/30/2040(b)		439,000	435,540
Gazprom PJSC via Gaz Finance PLC (Russia), 2.95%, 01/27/2029(b)		615,000	604,053
Genesis Energy L.P./Genesis Energy Finance Corp.,
6.25%, 05/15/2026		42,000	41,527
8.00%, 01/15/2027		36,000	37,035
7.75%, 02/01/2028		52,000	52,374
Hilcorp Energy I L.P./Hilcorp Finance Co., 6.25%, 11/01/2028(b)		81,000	85,151
Murphy Oil Corp.,
6.38%, 07/15/2028		254,000	267,061
6.38%, 12/01/2042		30,000	29,216
Northern Oil and Gas, Inc., 8.13%, 03/01/2028(b)		136,000	142,647
Ovintiv Exploration, Inc., 5.63%, 07/01/2024		53,000	58,991
Range Resources Corp., 8.25%, 01/15/2029(b)		75,000	83,731
SM Energy Co., 10.00%, 01/15/2025(b)		86,000	97,576
			3,691,359
Oil & Gas Refining & Marketing–0.69%
New Fortress Energy, Inc., 6.50%, 09/30/2026(b)		148,000	149,110
Parkland Corp. (Canada),
5.88%, 07/15/2027(b)		410,000	437,593
4.50%, 10/01/2029(b)		208,000	211,560
Petronas Capital Ltd. (Malaysia),
2.48%, 01/28/2032(b)		291,000	289,889
3.40%, 04/28/2061(b)		550,000	544,462
			1,632,614
Oil & Gas Storage & Transportation–3.34%
Antero Midstream Partners L.P./Antero Midstream Finance Corp.,
5.38%, 09/15/2024		39,000	40,170
5.75%, 03/01/2027(b)		17,000	17,552
5.75%, 01/15/2028(b)		34,000	35,009
Cheniere Energy Partners L.P., 5.63%, 10/01/2026		39,000	40,657
Crestwood Midstream Partners L.P./Crestwood Midstream Finance Corp., 6.00%, 02/01/2029(b)		112,000	116,071
Energy Transfer L.P.,
5.88%, 01/15/2024		85,000	94,598
5.00%, 05/15/2050		299,000	330,865
Enterprise Products Operating LLC,
3.13%, 07/31/2029		441,000	469,607
4.80%, 02/01/2049		286,000	338,892
4.20%, 01/31/2050		347,000	378,431
3.70%, 01/31/2051		195,000	196,162
Series D, 6.88%, 03/01/2033		92,000	127,521
4.88%, 08/16/2077(c)		514,000	501,191
EQM Midstream Partners L.P., 5.50%, 07/15/2028		92,000	98,443
Hess Midstream Operations L.P., 5.63%, 02/15/2026(b)		124,000	128,830

	Principal Amount		Value
Oil & Gas Storage & Transportation–(continued)
Holly Energy Partners L.P./Holly Energy Finance Corp., 5.00%, 02/01/2028(b)		$11,000	$11,290
Kinder Morgan, Inc., 7.80%, 08/01/2031		239,000	335,913
MPLX L.P.,
1.75%, 03/01/2026		343,000	347,745
4.80%, 02/15/2029		306,000	355,000
4.70%, 04/15/2048		348,000	388,746
5.50%, 02/15/2049		478,000	591,700
NGL Energy Partners L.P./NGL Energy Finance Corp., 7.50%, 04/15/2026		60,000	53,011
Northern Natural Gas Co., 3.40%, 10/16/2051(b)		208,000	206,955
Oasis Midstream Partners L.P./OMP Finance Corp., 8.00%, 04/01/2029(b)		125,000	132,656
ONEOK Partners L.P., 6.85%, 10/15/2037		339,000	451,745
ONEOK, Inc., 6.35%, 01/15/2031		532,000	674,726
Plains All American Pipeline L.P., Series B, 6.13%(c)(d)		36,000	31,230
Plains All American Pipeline L.P./PAA Finance Corp., 3.55%, 12/15/2029		40,000	41,555
Sunoco L.P./Sunoco Finance Corp., 5.88%, 03/15/2028		86,000	90,606
Targa Resources Partners L.P./Targa Resources Partners Finance Corp.,
5.88%, 04/15/2026		115,000	120,606
5.00%, 01/15/2028		33,000	34,564
5.50%, 03/01/2030		11,000	11,899
Western Midstream Operating L.P., 2.29% (3 mo. USD LIBOR + 2.10%), 01/13/2023(e)		363,000	362,186
Williams Cos., Inc. (The),
7.88%, 09/01/2021		24,000	24,432
3.60%, 03/15/2022		667,000	680,607
4.55%, 06/24/2024		67,000	74,162
			7,935,333
Other Diversified Financial Services–2.51%
AerCap Global Aviation Trust (Ireland), 6.50%, 06/15/2045(b)(c)		1,208,000	1,288,030
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland),
4.50%, 09/15/2023		323,000	347,130
3.88%, 01/23/2028		150,000	158,662
Aragvi Finance International DAC (Moldova), 8.45%, 04/29/2026(b)		206,000	215,703
Avolon Holdings Funding Ltd. (Ireland),
2.13%, 02/21/2026(b)		293,000	289,796
4.25%, 04/15/2026(b)		196,000	210,972
2.75%, 02/21/2028(b)		330,000	321,550
Blackstone Holdings Finance Co. LLC,
1.60%, 03/30/2031(b)		30,000	28,170
2.80%, 09/30/2050(b)		216,000	202,978
Blackstone Secured Lending Fund, 2.75%, 09/16/2026(b)		640,000	647,230
ILFC E-Capital Trust II, 4.25% (3 mo. USD LIBOR + 1.80%), 12/21/2065(b)(e)		100,000	86,801

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

Invesco Bond Fund

	Principal Amount		Value
Other Diversified Financial Services–(continued)
KKR Group Finance Co. VIII LLC, 3.50%, 08/25/2050(b)		$217,000	$218,669
LSEGA Financing PLC (United Kingdom),
1.38%, 04/06/2026(b)		258,000	259,323
2.00%, 04/06/2028(b)		242,000	242,991
3.20%, 04/06/2041(b)		200,000	202,132
Mexico Remittances Funding Fiduciary Estate Management S.a.r.l. (Mexico), 4.88%, 01/15/2028(b)		245,000	238,332
Pershing Square Holdings Ltd. (Guernsey), 3.25%, 11/15/2030(b)		1,000,000	1,004,950
			5,963,419
Packaged Foods & Meats–0.56%
JBS USA LUX S.A./JBS USA Food Co./JBS USA Finance, Inc., 3.75%, 12/01/2031(b)		72,000	73,019
Kraft Heinz Foods Co. (The),
6.88%, 01/26/2039		57,000	78,440
5.00%, 06/04/2042		59,000	68,671
4.38%, 06/01/2046		79,000	84,851
5.50%, 06/01/2050		91,000	113,290
MARB BondCo PLC (Brazil), 3.95%, 01/29/2031(b)		305,000	293,616
Minerva Luxembourg S.A. (Brazil), 4.38%, 03/18/2031(b)		634,000	622,518
			1,334,405
Paper Packaging–0.17%
Cascades, Inc./Cascades USA, Inc. (Canada), 5.38%, 01/15/2028(b)		381,000	395,764
Paper Products–0.18%
Georgia-Pacific LLC, 2.10%, 04/30/2027(b)		332,000	344,174
Schweitzer-Mauduit International, Inc., 6.88%, 10/01/2026(b)		80,000	84,345
			428,519
Pharmaceuticals–0.54%
AdaptHealth LLC, 6.13%, 08/01/2028(b)		51,000	53,686
Bausch Health Cos., Inc.,
6.13%, 04/15/2025(b)		32,000	32,768
9.00%, 12/15/2025(b)		41,000	43,958
6.25%, 02/15/2029(b)		75,000	73,406
Mayo Clinic, Series 2021, 3.20%, 11/15/2061		228,000	236,552
Merck & Co., Inc., 2.35%, 06/24/2040		143,000	133,668
Organon Finance 1 LLC, 4.13%, 04/30/2028(b)		209,000	211,351
Par Pharmaceutical, Inc., 7.50%, 04/01/2027(b)		155,000	158,294
Takeda Pharmaceutical Co. Ltd. (Japan), 3.18%, 07/09/2050		259,000	248,550
Viatris, Inc., 3.85%, 06/22/2040(b)		84,000	86,865
			1,279,098
Property & Casualty Insurance–0.50%
Fidelity National Financial, Inc.,
3.40%, 06/15/2030		280,000	297,733
2.45%, 03/15/2031		348,000	343,980

	Principal Amount		Value
Property & Casualty Insurance–(continued)
W.R. Berkley Corp.,
4.00%, 05/12/2050		$232,000	$255,456
3.55%, 03/30/2052		284,000	289,286
			1,186,455
Railroads–0.81%
CSX Corp., 4.65%, 03/01/2068		450,000	560,724
Kenan Advantage Group, Inc. (The), 7.88%, 07/31/2023(b)		46,000	46,157
Norfolk Southern Corp., 3.40%, 11/01/2049		188,000	193,203
Union Pacific Corp.,
2.40%, 02/05/2030		482,000	492,005
3.95%, 08/15/2059		349,000	380,785
3.55%, 05/20/2061		253,000	256,584
			1,929,458
Real Estate Development–0.11%
Piedmont Operating Partnership L.P., 3.15%, 08/15/2030		251,000	249,805
Regional Banks–1.24%
Citizens Financial Group, Inc.,
2.50%, 02/06/2030		369,000	374,887
3.25%, 04/30/2030		35,000	37,614
Fifth Third Bancorp,
4.30%, 01/16/2024		604,000	659,134
2.55%, 05/05/2027		235,000	247,994
KeyCorp, 2.25%, 04/06/2027		50,000	52,006
SVB Financial Group,
2.10%, 05/15/2028		208,000	209,206
1.80%, 02/02/2031		423,000	396,735
Series C, 4.00%(c)(d)		603,000	613,854
Synovus Financial Corp., 3.13%, 11/01/2022		339,000	349,610
			2,941,040
Renewable Electricity–0.03%
Tucson Electric Power Co., 3.25%, 05/01/2051		67,000	66,477
Research & Consulting Services–0.01%
Dun & Bradstreet Corp. (The),
6.88%, 08/15/2026(b)		25,000	26,728
10.25%, 02/15/2027(b)		6,000	6,641
			33,369
Residential REITs–0.36%
Spirit Realty L.P.,
3.40%, 01/15/2030		568,000	597,557
2.70%, 02/15/2032		55,000	53,491
VEREIT Operating Partnership L.P., 2.20%, 06/15/2028		191,000	192,204
			843,252
Restaurants–0.36%
1011778 BC ULC/New Red Finance, Inc. (Canada), 4.00%, 10/15/2030(b)		480,000	465,646
Aramark Services, Inc., 5.00%, 04/01/2025(b)		87,000	89,284
IRB Holding Corp., 6.75%, 02/15/2026(b)		122,000	126,271

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

Invesco Bond Fund

	Principal Amount		Value
Restaurants–(continued)
Yum! Brands, Inc., 3.63%, 03/15/2031		$170,000	$168,132
			849,333
Retail REITs–0.82%
Agree L.P., 2.60%, 06/15/2033		225,000	222,020
Brixmor Operating Partnership L.P., 4.05%, 07/01/2030		293,000	323,096
Kimco Realty Corp.,
1.90%, 03/01/2028		426,000	424,467
2.70%, 10/01/2030		50,000	50,669
National Retail Properties, Inc., 3.50%, 04/15/2051		286,000	283,678
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/2026(b)		42,000	44,389
Regency Centers L.P., 4.13%, 03/15/2028		301,000	333,586
Retail Properties of America, Inc., 4.75%, 09/15/2030		244,000	266,304
			1,948,209
Security & Alarm Services–0.01%
Brink’s Co. (The), 4.63%, 10/15/2027(b)		33,000	33,866
Semiconductor Equipment–0.02%
NXP B.V./NXP Funding LLC/NXP USA, Inc. (China), 3.40%, 05/01/2030(b)		50,000	53,889
Semiconductors–3.05%
Analog Devices, Inc., 3.13%, 12/05/2023		407,000	432,146
Broadcom Corp./Broadcom Cayman Finance Ltd.,
3.88%, 01/15/2027		470,000	516,627
3.50%, 01/15/2028		939,000	1,011,670
Broadcom, Inc.,
5.00%, 04/15/2030		483,000	558,076
2.45%, 02/15/2031(b)		229,000	220,095
4.30%, 11/15/2032		472,000	521,501
3.47%, 04/15/2034(b)		1,383,000	1,401,939
Marvell Technology, Inc., 2.95%, 04/15/2031(b)		567,000	574,373
Micron Technology, Inc.,
4.98%, 02/06/2026		275,000	317,981
4.19%, 02/15/2027		751,000	848,859
NXP B.V./NXP Funding LLC (China), 3.88%, 09/01/2022(b)		806,000	838,551
Skyworks Solutions, Inc., 3.00%, 06/01/2031		13,000	13,181
			7,254,999
Soft Drinks–0.38%
Coca-Cola Europacific Partners PLC (United Kingdom), 1.50%, 01/15/2027(b)		200,000	198,787
Fomento Economico Mexicano, S.A.B. de C.V. (Mexico), 3.50%, 01/16/2050		685,000	694,522
			893,309

	Principal Amount		Value
Sovereign Debt–1.17%
Banque Ouest Africaine de Developpement (Supranational), 5.00%, 07/27/2027(b)		$200,000	$222,728
Dominican Republic International Bond (Dominican Republic), 5.30%, 01/21/2041(b)		215,000	216,183
Egypt Government International Bond (Egypt),
3.88%, 02/16/2026(b)		279,000	277,772
5.88%, 02/16/2031(b)		262,000	258,469
7.50%, 02/16/2061(b)		306,000	294,823
Ghana Government International Bond (Ghana), 7.75%, 04/07/2029(b)		377,000	389,366
Morocco Government International Bond (Morocco), 4.00%, 12/15/2050(b)		230,000	210,694
Oman Government International Bond (Oman),
6.25%, 01/25/2031(b)		200,000	212,605
7.00%, 01/25/2051(b)		200,000	200,170
Peruvian Government International Bond (Peru), 2.78%, 01/23/2031		131,000	131,656
Turkey Government International Bond (Turkey), 4.75%, 01/26/2026		385,000	375,997
			2,790,463
Specialized Consumer Services–0.04%
Terminix Co. LLC (The), 7.45%, 08/15/2027		75,000	87,730
Specialized Finance–0.43%
Mitsubishi HC Capital, Inc. (Japan), 3.64%, 04/13/2025(b)		682,000	739,733
National Rural Utilities Cooperative Finance Corp., 2.40%, 03/15/2030		275,000	280,974
			1,020,707
Specialized REITs–0.85%
American Tower Corp.,
2.70%, 04/15/2031		559,000	565,838
3.10%, 06/15/2050		511,000	475,656
Crown Castle International Corp., 3.25%, 01/15/2051		40,000	37,798
Extra Space Storage L.P., 2.55%, 06/01/2031		207,000	206,554
Rayonier A.M. Products, Inc., 7.63%, 01/15/2026(b)		122,000	126,085
SBA Communications Corp.,
4.88%, 09/01/2024		95,000	97,079
3.13%, 02/01/2029(b)		540,000	519,075
			2,028,085
Specialty Chemicals–0.44%
GCP Applied Technologies, Inc., 5.50%, 04/15/2026(b)		58,000	59,688
Sasol Financing USA LLC (South Africa),
4.38%, 09/18/2026		353,000	365,277
5.50%, 03/18/2031		591,000	619,143
			1,044,108
Steel–0.06%
Cleveland-Cliffs, Inc., 9.88%, 10/17/2025(b)		38,000	44,511

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

Invesco Bond Fund

	Principal Amount		Value
Steel–(continued)
Commercial Metals Co., 3.88%, 02/15/2031		$89,000	$88,002
			132,513
Systems Software–0.72%
Boxer Parent Co., Inc., 9.13%, 03/01/2026(b)		78,000	82,252
Camelot Finance S.A., 4.50%, 11/01/2026(b)		207,000	214,796
Crowdstrike Holdings, Inc., 3.00%, 02/15/2029		324,000	318,349
Oracle Corp.,
3.60%, 04/01/2050		664,000	654,663
3.85%, 04/01/2060		445,000	445,692
			1,715,752
Technology Distributors–0.21%
Avnet, Inc., 4.63%, 04/15/2026		444,000	501,973
Technology Hardware, Storage & Peripherals–1.86%
Apple, Inc.,
1.65%, 02/08/2031		35,000	33,855
2.65%, 05/11/2050		463,000	428,363
2.80%, 02/08/2061		870,000	800,057
Dell International LLC/EMC Corp.,
7.13%, 06/15/2024(b)		120,000	122,550
4.00%, 07/15/2024(b)		425,000	462,630
6.02%, 06/15/2026(b)		829,000	988,750
4.90%, 10/01/2026(b)		247,000	283,768
8.35%, 07/15/2046(b)		669,000	1,051,598
Lenovo Group Ltd. (China), 3.42%, 11/02/2030(b)		230,000	235,972
			4,407,543
Thrifts & Mortgage Finance–0.04%
NMI Holdings, Inc., 7.38%, 06/01/2025(b)		75,000	86,093
Tobacco–0.49%
Altria Group, Inc.,
2.45%, 02/04/2032		419,000	397,158
4.00%, 02/04/2061		418,000	390,674
BAT Capital Corp. (United Kingdom), 2.26%, 03/25/2028		290,000	285,526
Philip Morris International, Inc., 0.88%, 05/01/2026		92,000	91,094
			1,164,452
Trading Companies & Distributors–0.55%
Air Lease Corp.,
3.38%, 06/01/2021		825,000	825,000
3.00%, 09/15/2023		375,000	392,836
Aircastle Ltd., 5.00%, 04/01/2023		85,000	91,067
			1,308,903
Trucking–2.79%
Aviation Capital Group LLC,
4.13%, 08/01/2025(b)		708,000	759,817
3.50%, 11/01/2027(b)		1,200,000	1,256,492
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.,
4.75%, 04/01/2028(b)		520,000	536,258
5.38%, 03/01/2029(b)		199,000	207,210

	Principal Amount		Value
Trucking–(continued)
Penske Truck Leasing Co. L.P./PTL Finance Corp., 4.13%, 08/01/2023(b)		$1,796,000	$1,925,678
SMBC Aviation Capital Finance DAC (Ireland),
3.00%, 07/15/2022(b)		474,000	484,910
4.13%, 07/15/2023(b)		552,000	587,075
Triton Container International Ltd. (Bermuda),
2.05%, 04/15/2026(b)		540,000	544,962
3.15%, 06/15/2031(b)		320,000	319,111
			6,621,513
Wireless Telecommunication Services–2.31%
Colombia Telecomunicaciones S.A. ESP (Colombia), 4.95%, 07/17/2030(b)		265,000	274,646
Sprint Capital Corp., 8.75%, 03/15/2032		53,000	78,650
Sprint Corp.,
7.88%, 09/15/2023		70,000	79,405
7.63%, 02/15/2025		74,000	87,588
7.63%, 03/01/2026		65,000	79,056
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC,
Class A-1, 3.36%, 09/20/2021(b)		149,625	150,111
4.74%, 03/20/2025(b)		922,000	989,970
5.15%, 03/20/2028(b)		1,587,000	1,820,424
T-Mobile USA, Inc.,
2.25%, 02/15/2026(b)		320,000	323,104
2.63%, 04/15/2026		366,000	372,970
2.63%, 02/15/2029		200,000	192,359
3.50%, 04/15/2031		175,000	178,201
4.50%, 04/15/2050		294,000	333,076
VEON Holdings B.V. (Netherlands), 4.00%, 04/09/2025(b)		500,000	530,037
			5,489,597
Total U.S. Dollar Denominated Bonds & Notes (Cost $198,778,139)			210,779,791
	Shares
Preferred Stocks–5.27%
Asset Management & Custody Banks–0.01%
Bank of New York Mellon Corp. (The), 4.70%, Series G, Pfd.(c)		30,000	32,775
Diversified Banks–2.68%
Bank of America Corp., 6.50%, Series Z, Pfd.(c)		1,034,000	1,173,590
Citigroup, Inc., 6.25%, Series T, Pfd.(c)		450,000	523,687
Citigroup, Inc., 5.00%, Series U, Pfd.(c)		956,000	1,003,513
Citigroup, Inc., 4.00%, Series W, Pfd.(c)		373,000	381,393
JPMorgan Chase & Co., 3.66%, Series I, Pfd.		387,000	386,033
Wells Fargo & Co., 7.50%, Class A, Series L, Conv. Pfd.		1,992	2,897,842
			6,366,058
Integrated Telecommunication Services–0.26%
AT&T, Inc., 2.88%, Series B, Pfd.(c)		500,000	616,416
Investment Banking & Brokerage–1.64%
Charles Schwab Corp. (The), 4.00%, Series H, Pfd.(c)		364,000	366,275
Goldman Sachs Group, Inc. (The), 5.00%, Series P, Pfd.(c)		495,000	498,797

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

Invesco Bond Fund

	Shares		Value
Investment Banking & Brokerage–(continued)
Morgan Stanley, 7.13%, Series E, Pfd.(c)		65,000	$1,883,700
Morgan Stanley, 6.88%, Series F, Pfd.(c)		40,000	1,136,000
			3,884,772
Life & Health Insurance–0.14%
MetLife, Inc., 3.85%, Series G, Pfd.(c)		312,000	326,040
Multi-Utilities–0.12%
CenterPoint Energy, Inc., 6.13%, Series A, Pfd.(c)		271,000	289,462
Other Diversified Financial Services–0.09%
Equitable Holdings, Inc., 4.95%, Series B, Pfd.(c)		208,000	224,120
Regional Banks–0.33%
PNC Financial Services Group, Inc. (The), 6.13%, Series P, Pfd.(c)		30,000	783,600
Total Preferred Stocks (Cost $11,346,119)			12,523,243
	Principal Amount
U.S. Treasury Securities–3.53%
U.S. Treasury Bills–0.41%
0.02% - 0.04%, 07/15/2021(f)(g)		$987,000	986,941
U.S. Treasury Bonds–0.93%
2.25%, 05/15/2041		1,719,000	1,732,698
1.88%, 02/15/2051		521,000	473,866
			2,206,564
U.S. Treasury Notes–2.19%
0.75%, 04/30/2026		1,882,700	1,879,464
1.25%, 04/30/2028		338,000	338,000
0.88%, 11/15/2030		215,000	201,898
1.63%, 05/15/2031		2,773,000	2,779,066
			5,198,428
Total U.S. Treasury Securities (Cost $8,371,356)			8,391,933

	Principal Amount		Value
Asset-Backed Securities–0.70%
Jimmy Johns Funding LLC, Series 2017-1A, Class A2II, 4.85%, 07/30/2047(b)		$603,028	$646,884
Sonic Capital LLC, Series 2020-1A, Class A2I, 3.85%, 01/20/2050(b)		314,555	330,898
Wendy’s Funding LLC, Series 2018-1A, Class A2II, 3.88%, 03/15/2048(b)		648,225	693,576
Total Asset-Backed Securities (Cost $1,577,763)			1,671,358
Non-U.S. Dollar Denominated Bonds & Notes–0.41%(h)
Building Products–0.05%
Maxeda DIY Holding B.V. (Netherlands), 5.88%, 10/01/2026(b)	EUR	100,000	125,426
Movies & Entertainment–0.22%
Netflix, Inc., 3.88%, 11/15/2029(b)	EUR	350,000	511,408
Sovereign Debt–0.14%
Ukraine Government International Bond (Ukraine), 4.38%, 01/27/2030(b)	EUR	300,000	343,428
Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $846,143)			980,262
	Shares
Money Market Funds–1.23%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(i)(j)		1,016,350	1,016,350
Invesco Liquid Assets Portfolio, Institutional Class, 0.01%(i)(j)		732,167	732,460
Invesco Treasury Portfolio, Institutional Class, 0.01%(i)(j)		1,161,543	1,161,543
Total Money Market Funds (Cost $2,910,345)			2,910,353
TOTAL INVESTMENTS IN SECURITIES–99.87% (Cost $223,829,865)			237,256,940
OTHER ASSETS LESS LIABILITIES—0.13%			302,108
NET ASSETS–100.00%			$237,559,048

Investment Abbreviations:

Conv.	– Convertible
EUR	– Euro
LIBOR	– London Interbank Offered Rate
Pfd.	– Preferred
REIT	– Real Estate Investment Trust
SOFR	– Secured Overnight Financing Rate
USD	– U.S. Dollar

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

Invesco Bond 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 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, 2021 was $98,585,349, which represented 41.50% of the Fund’s Net Assets.
(c)	Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate.
(d)	Perpetual bond with no specified maturity date.
(e)	Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on May 31, 2021.
(f)	All or a portion of the value was pledged as collateral to cover margin requirements for open futures contracts.
(g)	Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund.
(h)	Foreign denominated security. Principal amount is denominated in the currency indicated.
(i)	Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the three months ended May 31, 2021.

	Value February 28, 2021	Purchases at Cost	Proceeds from Sales	Change in Unrealized Appreciation (Depreciation)	Realized Gain	Value May 31, 2021	Dividend Income
Investments in Affiliated Money Market Funds:
Invesco Government & Agency Portfolio, Institutional Class	$1,924,095	$5,559,469	$(6,467,214)	$-	$-	$1,016,350	$51
Invesco Liquid Assets Portfolio, Institutional Class	1,422,808	3,971,049	(4,661,397)	(33)	33	732,460	19
Invesco Treasury Portfolio, Institutional Class	2,198,965	6,353,679	(7,391,101)	-	-	1,161,543	21
Total	$5,545,868	$15,884,197	$(18,519,712)	$(33)	$33	$2,910,353	$91

^(j) The rate shown is the 7-day SEC standardized yield as of May 31, 2021.

Open Futures Contracts
Long Futures Contracts	Number of Contracts	Expiration Month	Notional Value	Value	Unrealized Appreciation (Depreciation)
Interest Rate Risk
U.S. Treasury 2 Year Notes	342	September-2021	$75,491,157	$23,374	$23,374
U.S. Treasury 5 Year Notes	256	September-2021	31,706,000	29,897	29,897
Subtotal—Long Futures Contracts				53,271	53,271
Short Futures Contracts
Interest Rate Risk
U.S. Treasury 10 Year Notes	55	September-2021	(7,256,563)	(11,718)	(11,718)
U.S. Treasury 10 Year Ultra Notes	72	September-2021	(10,436,625)	(23,778)	(23,778)
U.S. Treasury Ultra Bonds	35	September-2021	(6,483,750)	(30,976)	(30,976)
Subtotal—Short Futures Contracts				(66,472)	(66,472)
Total Futures Contracts				$(13,201)	$(13,201)

Open Centrally Cleared Credit Default Swap Agreements
Reference Entity	Buy/Sell Protection	(Pay)/ Receive Fixed Rate	Payment Frequency	Maturity Date	Implied Credit Spread(a)	Notional Value		Upfront Payments Paid (Received)	Value	Unrealized Appreciation (Depreciation)
Credit Risk
Markit CDX North America High Yield Index, Series 36, Version 1	Sell	5.00%	Quarterly	06/20/2026	2.873%	USD	400,000	$(460,787)	$(465,595)	$(4,808)

^(a) Implied credit spreads represent the current level, as of May 31, 2021, at which protection could be bought or sold given the terms of the existing credit default swap agreement and serve as an indicator of the current status of the payment/performance risk of the credit default swap agreement. An implied credit spread that has widened or increased since entry into the initial agreement may indicate a deteriorating credit profile and increased risk of default for the reference entity. A declining or narrowing spread may indicate an improving credit profile or decreased risk of default for the reference entity. Alternatively, credit spreads may increase or decrease reflecting the general tolerance for risk in the credit markets generally.

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

Invesco Bond Fund

Open Forward Foreign Currency Contracts
Settlement Date	Counterparty	Contract to				Unrealized Appreciation (Depreciation)
		Deliver		Receive
Currency Risk
08/17/2021	Morgan Stanley and Co. International PLC	EUR	1,255,000	USD	1,527,815	$(9,093)

Abbreviations:
EUR	– Euro
USD	– U.S. Dollar

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 Bond Fund

Notes to Quarterly Schedule of Portfolio Holdings

May 31, 2021

(Unaudited)

NOTE 1—Additional Valuation Information

Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available or are unreliable. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:

Level 1 – Prices are determined using quoted prices in an active market for identical assets.

Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.

Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

The following is a summary of the tiered valuation input levels, as of May 31, 2021. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

	Level 1	Level 2	Level 3	Total
Investments in Securities
U.S. Dollar Denominated Bonds & Notes	$—	$210,779,791	$—	$210,779,791
Preferred Stocks	6,701,142	5,822,101	—	12,523,243
U.S. Treasury Securities	—	8,391,933	—	8,391,933
Asset-Backed Securities	—	1,671,358	—	1,671,358
Non-U.S. Dollar Denominated Bonds & Notes	—	980,262	—	980,262
Money Market Funds	2,910,353	—	—	2,910,353
Total Investments in Securities	9,611,495	227,645,445	—	237,256,940
Other Investments - Assets*
Futures Contracts	53,271	—	—	53,271
Other Investments - Liabilities*
Futures Contracts	(66,472)	—	—	(66,472)
Forward Foreign Currency Contracts	—	(9,093)	—	(9,093)
Swap Agreements	—	(4,808)	—	(4,808)
	(66,472)	(13,901)	—	(80,373)
Total Other Investments	(13,201)	(13,901)	—	(27,102)
Total Investments	$9,598,294	$227,631,544	$—	$237,229,838

* Forward foreign currency contracts, futures contracts and swap agreements are valued at unrealized appreciation (depreciation).

Invesco Bond Fund