Schedule of Investments(a)
July 31, 2023
(Unaudited)
Principal Amount | Value | ||
U.S. Dollar Denominated Bonds & Notes–35.18% | |||
Advertising–0.12% | |||
Advantage Sales & Marketing, Inc., 6.50%, 11/15/2028(b)(c) | $700,000 | $609,756 | |
Belo Corp., 7.25%, 09/15/2027 | 813,000 | 805,577 | |
1,415,333 | |||
Aerospace & Defense–0.42% | |||
Boeing Co. (The), | |||
2.75%, 02/01/2026 | 119,000 | 111,516 | |
2.25%, 06/15/2026 | 59,000 | 53,884 | |
Bombardier, Inc. (Canada), 7.50%, 02/01/2029(b)(c) | 1,209,000 | 1,198,876 | |
General Dynamics Corp., 3.25%, 04/01/2025 | 101,000 | 97,883 | |
Rolls-Royce PLC (United Kingdom), | |||
3.63%, 10/14/2025(b) | 870,000 | 823,464 | |
5.75%, 10/15/2027(b) | 984,000 | 970,667 | |
Spirit AeroSystems, Inc., 9.38%, 11/30/2029(b) | 454,000 | 486,551 | |
TransDigm, Inc., 6.25%, 03/15/2026(b) | 1,160,000 | 1,154,799 | |
4,897,640 | |||
Agricultural & Farm Machinery–0.05% | |||
CNH Industrial Capital LLC, 4.55%, 04/10/2028 | 75,000 | 72,840 | |
Deere & Co., 2.75%, 04/15/2025 | 125,000 | 120,183 | |
Titan International, Inc., 7.00%, 04/30/2028 | 420,000 | 405,052 | |
598,075 | |||
Agricultural Products & Services–0.05% | |||
Darling Ingredients, Inc., 5.25%, 04/15/2027(b) | 622,000 | 605,528 | |
Air Freight & Logistics–0.08% | |||
Rand Parent LLC, 8.50%, 02/15/2030(b)(c) | 955,000 | 899,437 | |
Alternative Carriers–0.13% | |||
Lumen Technologies, Inc., 4.00%, 02/15/2027(b) | 2,307,000 | 1,519,898 | |
Aluminum–0.11% | |||
Arconic Corp., 6.00%, 05/15/2025(b)(c) | 744,000 | 755,841 | |
Kaiser Aluminum Corp., 4.50%, 06/01/2031(b)(c) | 400,000 | 327,384 | |
Novelis Corp., 3.25%, 11/15/2026(b) | 216,000 | 196,554 | |
1,279,779 | |||
Apparel Retail–0.07% | |||
Gap, Inc. (The), 3.63%, 10/01/2029(b) | 975,000 | 728,326 | |
Ross Stores, Inc., 0.88%, 04/15/2026 | 164,000 | 145,586 | |
873,912 |
Principal Amount | Value | |||
Apparel, Accessories & Luxury Goods–0.15% | ||||
G-III Apparel Group Ltd., 7.88%, 08/15/2025(b) | $635,000 | $625,145 | ||
Hanesbrands, Inc., 4.88%, 05/15/2026(b)(c) | 495,000 | 464,641 | ||
Under Armour, Inc., 3.25%, 06/15/2026 | 752,000 | 690,128 | ||
1,779,914 | ||||
Application Software–0.18% | ||||
Adobe, Inc., 3.25%, 02/01/2025 | 100,000 | 97,289 | ||
Cloud Software Group, Inc., | ||||
6.50%, 03/31/2029(b) | 308,000 | 277,489 | ||
9.00%, 09/30/2029(b)(c) | 1,178,000 | 1,056,612 | ||
GoTo Group, Inc., 5.50%, 09/01/2027(b) | 739,000 | 425,408 | ||
Open Text Holdings, Inc. (Canada), 4.13%, 12/01/2031(b) | 317,000 | 263,058 | ||
2,119,856 | ||||
Asset Management & Custody Banks–0.07% | ||||
Ares Capital Corp., 2.88%, 06/15/2028 | 110,000 | 92,721 | ||
Brightsphere Investment Group, Inc., 4.80%, 07/27/2026 | 528,000 | 506,471 | ||
FS KKR Capital Corp., 4.63%, 07/15/2024 | 150,000 | 147,828 | ||
Legg Mason, Inc., 4.75%, 03/15/2026 | 59,000 | 58,303 | ||
805,323 | ||||
Automobile Manufacturers–0.52% | ||||
Ford Motor Credit Co. LLC, | ||||
2.30%, 02/10/2025 | 607,000 | 569,715 | ||
4.69%, 06/09/2025 | 291,000 | 282,343 | ||
5.13%, 06/16/2025 | 682,000 | 664,644 | ||
4.13%, 08/04/2025 | 306,000 | 292,186 | ||
3.38%, 11/13/2025 | 811,000 | 758,997 | ||
4.39%, 01/08/2026 | 582,000 | 553,625 | ||
4.27%, 01/09/2027 | 605,000 | 565,322 | ||
6.80%, 05/12/2028(c) | 813,000 | 821,235 | ||
General Motors Co., 6.13%, 10/01/2025 | 135,000 | 136,517 | ||
J.B. Poindexter & Co., Inc., 7.13%, 04/15/2026(b) | 167,000 | 165,018 | ||
Jaguar Land Rover Automotive PLC (United Kingdom), | ||||
7.75%, 10/15/2025(b) | 434,000 | 439,557 | ||
4.50%, 10/01/2027(b) | 412,000 | 369,104 | ||
PM General Purchaser LLC, 9.50%, 10/01/2028(b) | 239,000 | 234,520 | ||
Toyota Motor Credit Corp., | ||||
3.20%, 01/11/2027 | 100,000 | 94,725 | ||
1.15%, 08/13/2027 | 100,000 | 86,650 | ||
6,034,158 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Principal Amount | Value | |||
Automotive Parts & Equipment–0.33% | ||||
American Honda Finance Corp., 2.35%, 01/08/2027 | $95,000 | $87,457 | ||
Clarios Global L.P./Clarios US Finance Co., 8.50%, 05/15/2027(b) | 719,000 | 729,326 | ||
Dana, Inc., 4.50%, 02/15/2032 | 283,000 | 236,161 | ||
IHO Verwaltungs GmbH (Germany), 7.13% PIK Rate, 6.38% Cash Rate, 05/15/2029(b)(d) | 1,757,000 | 1,634,755 | ||
ZF North America Capital, Inc. (Germany), 4.75%, 04/29/2025(b) | 1,182,000 | 1,150,382 | ||
3,838,081 | ||||
Automotive Retail–0.02% | ||||
Advance Auto Parts, Inc., 5.95%, 03/09/2028 | 60,000 | 59,776 | ||
Sonic Automotive, Inc., 4.63%, 11/15/2029(b) | 250,000 | 214,414 | ||
274,190 | ||||
Broadcasting–0.44% | ||||
AMC Networks, Inc., 4.75%, 08/01/2025(c) | 494,000 | 438,106 | ||
iHeartCommunications, Inc., | ||||
6.38%, 05/01/2026(c) | 490,000 | 424,090 | ||
8.38%, 05/01/2027(c) | 532,000 | 364,553 | ||
5.25%, 08/15/2027(b) | 443,000 | 349,076 | ||
Liberty Interactive LLC, 8.25%, 02/01/2030 | 710,000 | 269,800 | ||
Paramount Global, | ||||
3.70%, 06/01/2028 | 125,000 | 112,030 | ||
6.38%, 03/30/2062(c)(e) | 1,182,000 | 975,564 | ||
Sinclair Television Group, Inc., 4.13%, 12/01/2030(b) | 443,000 | 289,255 | ||
Univision Communications, Inc., | ||||
5.13%, 02/15/2025(b) | 1,021,000 | 1,001,695 | ||
6.63%, 06/01/2027(b) | 483,000 | 470,423 | ||
Videotron Ltd. (Canada), 5.13%, 04/15/2027(b)(c) | 411,000 | 396,692 | ||
5,091,284 | ||||
Broadline Retail–0.48% | ||||
Amazon.com, Inc., | ||||
3.30%, 04/13/2027(c) | 150,000 | 143,090 | ||
1.65%, 05/12/2028 | 60,000 | 52,520 | ||
GrubHub Holdings, Inc., 5.50%, 07/01/2027(b) | 289,000 | 206,447 | ||
Kohl’s Corp., 4.63%, 05/01/2031(c) | 840,000 | 620,970 | ||
Macy’s Retail Holdings LLC, 6.13%, 03/15/2032(b)(c) | 1,569,000 | 1,401,653 | ||
Nordstrom, Inc., | ||||
4.00%, 03/15/2027(c) | 456,000 | 413,738 | ||
6.95%, 03/15/2028(c) | 462,000 | 458,396 | ||
4.38%, 04/01/2030(c) | 692,000 | 584,394 | ||
4.25%, 08/01/2031(c) | 578,000 | 456,331 | ||
QVC, Inc., | ||||
4.45%, 02/15/2025(c) | 445,000 | 379,033 | ||
4.75%, 02/15/2027 | 605,000 | 392,403 | ||
4.38%, 09/01/2028 | 506,000 | 287,876 | ||
5.45%, 08/15/2034 | 436,000 | 214,154 | ||
5,611,005 |
Principal Amount | Value | |||
Building Products–0.44% | ||||
Builders FirstSource, Inc., | ||||
4.25%, 02/01/2032(b)(c) | $591,000 | $513,357 | ||
6.38%, 06/15/2032(b)(c) | 336,000 | 334,574 | ||
Cornerstone Building Brands, Inc., 6.13%, 01/15/2029(b) | 269,000 | 222,953 | ||
JELD-WEN, Inc., | ||||
6.25%, 05/15/2025(b) | 887,000 | 898,797 | ||
4.63%, 12/15/2025(b) | 261,000 | 255,326 | ||
Masonite International Corp., | ||||
5.38%, 02/01/2028(b) | 543,000 | 517,745 | ||
3.50%, 02/15/2030(b) | 546,000 | 460,482 | ||
Standard Industries, Inc., | ||||
5.00%, 02/15/2027(b) | 630,000 | 603,927 | ||
4.75%, 01/15/2028(b) | 967,000 | 901,889 | ||
4.38%, 07/15/2030(b) | 509,000 | 442,413 | ||
5,151,463 | ||||
Cable & Satellite–0.76% | ||||
CCO Holdings LLC/CCO Holdings Capital Corp., | ||||
5.50%, 05/01/2026(b) | 969,000 | 946,911 | ||
5.13%, 05/01/2027(b) | 1,353,000 | 1,270,613 | ||
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 4.91%, 07/23/2025 | 100,000 | 98,286 | ||
CSC Holdings LLC, | ||||
5.25%, 06/01/2024 | 440,000 | 410,748 | ||
7.50%, 04/01/2028(b) | 411,000 | 254,394 | ||
5.75%, 01/15/2030(b) | 452,000 | 234,532 | ||
4.50%, 11/15/2031(b) | 371,000 | 266,531 | ||
5.00%, 11/15/2031(b) | 320,000 | 162,012 | ||
DIRECTV Financing LLC/DIRECTV Financing Co-Obligor, Inc., 5.88%, 08/15/2027(b) | 1,863,000 | 1,683,451 | ||
Discovery Communications LLC, 3.95%, 03/20/2028 | 200,000 | 186,768 | ||
DISH DBS Corp., | ||||
5.88%, 11/15/2024 | 670,000 | 612,577 | ||
7.75%, 07/01/2026 | 915,000 | 592,742 | ||
5.25%, 12/01/2026(b) | 532,000 | 436,708 | ||
DISH Network Corp., 11.75%, 11/15/2027(b) | 820,000 | 826,550 | ||
LCPR Senior Secured Financing DAC, 6.75%, 10/15/2027(b) | 982,000 | 919,437 | ||
8,902,260 | ||||
Cargo Ground Transportation–0.01% | ||||
Ryder System, Inc., 5.65%, 03/01/2028 | 150,000 | 151,092 | ||
Casinos & Gaming–0.80% | ||||
Caesars Entertainment, Inc., | ||||
6.25%, 07/01/2025(b) | 1,091,000 | 1,086,042 | ||
4.63%, 10/15/2029(b) | 283,000 | 249,386 | ||
Caesars Resort Collection LLC/CRC Finco, Inc., 5.75%, 07/01/2025(b) | 264,000 | 266,903 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Principal Amount | Value | |||
Casinos & Gaming–(continued) | ||||
Codere Finance 2 (Luxembourg) S.A. (Spain), 11.63% PIK Rate, 2.00% Cash Rate, 11/30/2027 (Acquired 11/30/2021; Cost $100,894)(b)(d)(f) | $100,894 | $40,035 | ||
Genting New York LLC/GENNY Capital, Inc., 3.30%, 02/15/2026(b) | 674,000 | 604,328 | ||
International Game Technology PLC, | ||||
6.50%, 02/15/2025(b) | 200,000 | 200,480 | ||
4.13%, 04/15/2026(b) | 227,000 | 215,481 | ||
6.25%, 01/15/2027(b) | 241,000 | 240,313 | ||
Las Vegas Sands Corp., | ||||
3.20%, 08/08/2024 | 563,000 | 546,855 | ||
2.90%, 06/25/2025 | 233,000 | 219,314 | ||
Melco Resorts Finance Ltd. (Hong Kong), | ||||
4.88%, 06/06/2025(b) | 616,000 | 588,566 | ||
5.25%, 04/26/2026(b) | 310,000 | 290,980 | ||
5.75%, 07/21/2028(b) | 319,000 | 285,542 | ||
MGM China Holdings Ltd. (Macau), | ||||
5.25%, 06/18/2025(b) | 683,000 | 656,821 | ||
4.75%, 02/01/2027(b) | 646,000 | 593,739 | ||
MGM Resorts International, 6.75%, 05/01/2025 | 613,000 | 616,190 | ||
Mohegan Tribal Gaming Authority, 8.00%, 02/01/2026(b)(c) | 366,000 | 338,964 | ||
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp., 5.63%, 09/01/2029(b)(c) | 447,000 | 339,067 | ||
Sands China Ltd. (Macau), 3.75%, 08/08/2031 | 769,000 | 645,660 | ||
Studio City Finance Ltd. (Macau), 6.00%, 07/15/2025(b) | 230,000 | 217,849 | ||
Wynn Macau Ltd. (Macau), | ||||
5.50%, 01/15/2026(b) | 385,000 | 362,804 | ||
5.63%, 08/26/2028(b) | 740,000 | 657,746 | ||
9,263,065 | ||||
Coal & Consumable Fuels–0.07% | ||||
Alliance Resource Operating Partners L.P./Alliance Resource Finance Corp., 7.50%, 05/01/2025(b) | 90,000 | 89,896 | ||
Enviva Partners L.P./Enviva Partners Finance Corp., 6.50%, 01/15/2026(b) | 903,000 | 762,791 | ||
852,687 | ||||
Commercial & Residential Mortgage Finance–0.18% | ||||
Enact Holdings, Inc., 6.50%, 08/15/2025(b) | 729,000 | 722,431 | ||
NMI Holdings, Inc., 7.38%, 06/01/2025(b) | 431,000 | 435,648 | ||
PennyMac Financial Services, Inc., | ||||
5.38%, 10/15/2025(b) | 362,000 | 346,273 | ||
5.75%, 09/15/2031(b) | 280,000 | 237,115 | ||
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 2.88%, 10/15/2026(b)(c) | 357,000 | 318,125 | ||
2,059,592 |
Principal Amount | Value | |||
Commodity Chemicals–0.08% | ||||
Methanex Corp. (Canada), | ||||
5.25%, 12/15/2029(c) | $508,000 | $465,509 | ||
5.65%, 12/01/2044(c) | 597,000 | 499,987 | ||
965,496 | ||||
Communications Equipment–0.26% | ||||
CommScope Technologies LLC, 6.00%, 06/15/2025(b) | 477,000 | 433,169 | ||
Hughes Satellite Systems Corp., | ||||
5.25%, 08/01/2026(c) | 944,000 | 878,826 | ||
6.63%, 08/01/2026(c) | 513,000 | 463,762 | ||
Viasat, Inc., | ||||
5.63%, 09/15/2025(b) | 1,055,000 | 990,212 | ||
6.50%, 07/15/2028(b) | 277,000 | 213,591 | ||
2,979,560 | ||||
Construction & Engineering–0.02% | ||||
Howard Midstream Energy Partners LLC, 6.75%, 01/15/2027(b) | 36,000 | 34,759 | ||
Tutor Perini Corp., 6.88%, 05/01/2025(b) | 264,000 | 226,475 | ||
261,234 | ||||
Construction Machinery & Heavy Transportation Equipment– 0.06% | ||||
Caterpillar Financial Services Corp., 1.10%, 09/14/2027 | 130,000 | 113,188 | ||
Manitowoc Co., Inc. (The), 9.00%, 04/01/2026(b)(c) | 403,000 | 401,487 | ||
Wabtec Corp., 3.45%, 11/15/2026 | 235,000 | 221,582 | ||
736,257 | ||||
Construction Materials–0.12% | ||||
Camelot Return Merger Sub, Inc., 8.75%, 08/01/2028(b)(c) | 427,000 | 417,064 | ||
Eco Material Technologies, Inc., 7.88%, 01/31/2027(b) | 492,000 | 470,468 | ||
Smyrna Ready Mix Concrete LLC, 6.00%, 11/01/2028(b) | 555,000 | 529,620 | ||
1,417,152 | ||||
Consumer Electronics–0.01% | ||||
Tyco Electronics Group S.A., 3.13%, 08/15/2027 | 75,000 | 70,136 | ||
Consumer Finance–0.62% | ||||
Ally Financial, Inc., 5.75%, 11/20/2025(c) | 558,000 | 541,414 | ||
American Express Co., 3.30%, 05/03/2027 | 130,000 | 121,863 | ||
ASG Finance Designated Activity Co. (Cyprus), 7.88%, 12/03/2024(b) | 712,000 | 694,912 | ||
Credit Acceptance Corp., 5.13%, 12/31/2024(b) | 495,000 | 485,503 | ||
General Motors Financial Co., Inc., 2.75%, 06/20/2025 | 100,000 | 94,852 | ||
goeasy Ltd. (Canada), 5.38%, 12/01/2024(b) | 335,000 | 326,939 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Principal Amount | Value | ||
Consumer Finance–(continued) | |||
Navient Corp., | |||
5.88%, 10/25/2024 | $272,000 | $268,604 | |
5.00%, 03/15/2027 | 300,000 | 271,782 | |
4.88%, 03/15/2028 | 279,000 | 243,923 | |
5.50%, 03/15/2029 | 416,000 | 360,031 | |
5.63%, 08/01/2033 | 302,000 | 231,454 | |
OneMain Finance Corp., | |||
6.88%, 03/15/2025 | 686,000 | 684,346 | |
7.13%, 03/15/2026 | 952,000 | 943,964 | |
9.00%, 01/15/2029 | 841,000 | 855,297 | |
5.38%, 11/15/2029(c) | 425,000 | 368,587 | |
Synchrony Financial, 7.25%, 02/02/2033 | 800,000 | 750,756 | |
7,244,227 | |||
Copper–0.01% | |||
Freeport-McMoRan, Inc., 5.00%, 09/01/2027 | 75,000 | 73,154 | |
Distillers & Vintners–0.01% | |||
Constellation Brands, Inc., 3.70%, 12/06/2026 | 117,000 | 112,057 | |
Distributors–0.06% | |||
Resideo Funding, Inc., 4.00%, 09/01/2029(b) | 250,000 | 211,579 | |
Windsor Holdings III LLC, 8.50%, 06/15/2030(b) | 447,000 | 449,794 | |
661,373 | |||
Diversified Banks–0.56% | |||
Banco Santander S.A. (Spain), 2.75%, 05/28/2025 | 200,000 | 189,322 | |
Bank of America Corp., | |||
4.45%, 03/03/2026 | 100,000 | 97,390 | |
1.32%, 06/19/2026(e) | 160,000 | 147,076 | |
1.20%, 10/24/2026(e) | 160,000 | 144,932 | |
1.73%, 07/22/2027(e) | 70,000 | 62,756 | |
Series L, 4.18%, 11/25/2027 | 100,000 | 95,457 | |
Banque Centrale de Tunisie International Bond (Tunisia), 5.75%, 01/30/2025(b) | 600,000 | 422,400 | |
Barclays PLC (United Kingdom), 4.38%, 09/11/2024 | 306,000 | 299,366 | |
Canadian Imperial Bank of Commerce (Canada), 2.25%, 01/28/2025(c) | 350,000 | 333,484 | |
Citigroup, Inc., | |||
3.11%, 04/08/2026(e) | 225,000 | 215,482 | |
1.12%, 01/28/2027(e) | 110,000 | 98,301 | |
1.46%, 06/09/2027(e) | 140,000 | 124,862 | |
Freedom Mortgage Corp., 8.13%, 11/15/2024(b) | 427,000 | 425,146 | |
HSBC Holdings PLC (United Kingdom), | |||
1.59%, 05/24/2027(e) | 200,000 | 178,187 | |
2.25%, 11/22/2027(e) | 200,000 | 178,984 | |
ING Groep N.V. (Netherlands), 4.02%, 03/28/2028(e) | 200,000 | 189,194 | |
Intesa Sanpaolo S.p.A. (Italy), 5.71%, 01/15/2026(b) | 956,000 | 923,474 |
Principal Amount | Value | |||
Diversified Banks–(continued) | ||||
JPMorgan Chase & Co., | ||||
2.30%, 10/15/2025(e) | $200,000 | $191,593 | ||
2.01%, 03/13/2026(e) | 134,000 | 126,478 | ||
2.08%, 04/22/2026(e) | 134,000 | 126,082 | ||
1.05%, 11/19/2026(e) | 60,000 | �� 54,211 | ||
4.25%, 10/01/2027 | 75,000 | 72,711 | ||
2.18%, 06/01/2028(e) | 75,000 | 66,814 | ||
Lloyds Banking Group PLC (United Kingdom), 4.45%, 05/08/2025 | 275,000 | 268,125 | ||
Mitsubishi UFJ Financial Group, Inc. (Japan), | ||||
0.96%, 10/11/2025(e) | 200,000 | 187,776 | ||
3.29%, 07/25/2027 | 60,000 | 55,760 | ||
PNC Bank N.A., 4.20%, 11/01/2025 | 275,000 | 264,594 | ||
Royal Bank of Canada (Canada), 4.65%, 01/27/2026 | 125,000 | 122,703 | ||
Sumitomo Mitsui Financial Group, Inc. (Japan), 2.35%, 01/15/2025 | 275,000 | 261,941 | ||
Toronto-Dominion Bank (The) (Canada), 5.16%, 01/10/2028 | 100,000 | 99,620 | ||
U.S. Bancorp, 1.45%, 05/12/2025 | 125,000 | 116,772 | ||
Vnesheconombank Via VEB Finance PLC (Russia), 5.94%, 11/21/2023(b)(g)(h) | 1,450,000 | 0 | ||
Wells Fargo & Co., | ||||
2.19%, 04/30/2026(e) | 150,000 | 141,138 | ||
4.30%, 07/22/2027 | 130,000 | 125,243 | ||
Westpac Banking Corp. (Australia), | ||||
3.40%, 01/25/2028 | 105,000 | 99,123 | ||
1.95%, 11/20/2028 | 60,000 | 51,564 | ||
6,558,061 | ||||
Diversified Capital Markets–0.01% | ||||
Deutsche Bank AG (Germany), 2.55%, 01/07/2028(e) | 150,000 | 131,867 | ||
Diversified Chemicals–0.15% | ||||
Chemours Co. (The), | ||||
5.38%, 05/15/2027(c) | 407,000 | 387,794 | ||
5.75%, 11/15/2028(b) | 303,000 | 278,279 | ||
4.63%, 11/15/2029(b) | 974,000 | 823,001 | ||
Trinseo Materials Operating S.C.A./Trinseo Materials Finance, Inc., 5.13%, 04/01/2029(b) | 476,000 | 280,345 | ||
1,769,419 | ||||
Diversified Financial Services–0.55% | ||||
Albion Financing 1 S.a.r.l./Aggreko Holdings, Inc. (Luxembourg), 6.13%, 10/15/2026(b) | 439,000 | 414,179 | ||
Albion Financing 2 S.a.r.l. (Luxembourg), 8.75%, 04/15/2027(b) | 635,000 | 591,509 | ||
Corebridge Financial, Inc., 3.65%, 04/05/2027 | 130,000 | 122,512 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Principal Amount | Value | ||
Diversified Financial Services–(continued) | |||
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, 08/15/2028(b) | $466,000 | $398,633 | |
Jefferson Capital Holdings LLC, 6.00%, 08/15/2026(b) | 251,000 | 212,759 | |
Midcap Financial Issuer Trust, | |||
6.50%, 05/01/2028(b) | 306,000 | 270,160 | |
5.63%, 01/15/2030(b) | 285,000 | 228,396 | |
PHH Mortgage Corp., 7.88%, 03/15/2026(b) | 1,299,000 | 1,170,879 | |
Photo Holdings Merger Sub, Inc., 8.50%, 10/01/2026(b) | 311,000 | 149,686 | |
Resorts World Las Vegas LLC/RWLV Capital, Inc., | |||
4.63%, 04/16/2029(b) | 1,000,000 | 829,585 | |
4.63%, 04/06/2031(b) | 500,000 | 390,454 | |
United Wholesale Mortgage LLC, | |||
5.50%, 11/15/2025(b) | 677,000 | 651,510 | |
5.75%, 06/15/2027(b) | 350,000 | 327,826 | |
5.50%, 04/15/2029(b)(c) | 410,000 | 360,819 | |
VistaJet Malta Finance PLC/XO Management Holding, Inc. (Switzerland), 6.38%, 02/01/2030(b) | 407,000 | 345,061 | |
6,463,968 | |||
Diversified Metals & Mining–0.28% | |||
Corp. Nacional del Cobre de Chile (Chile), | |||
5.63%, 10/18/2043(b) | 95,000 | 94,370 | |
4.88%, 11/04/2044(b) | 105,000 | 94,667 | |
Corporacion Nacional del Cobre de Chile (Chile), 3.63%, 08/01/2027(b) | 1,524,000 | 1,438,794 | |
Mineral Resources Ltd. (Australia), 8.13%, 05/01/2027(b) | 928,000 | 929,981 | |
Perenti Finance Pty. Ltd. (Australia), 6.50%, 10/07/2025(b)(c) | 740,000 | 727,050 | |
3,284,862 | |||
Diversified Real Estate Activities–0.06% | |||
Five Point Operating Co. L.P./Five Point Capital Corp., 7.88%, 11/15/2025(b) | 321,000 | 303,766 | |
Greystar Real Estate Partners LLC, 5.75%, 12/01/2025(b) | 376,000 | 370,059 | |
673,825 | |||
Diversified REITs–0.07% | |||
HAT Holdings I LLC/HAT Holdings II LLC, 3.38%, 06/15/2026(b) | 253,000 | 228,768 | |
MGM Growth Properties Operating Partnership L.P./MGP Finance Co-Issuer, Inc., 4.63%, 06/15/2025(b) | 630,000 | 613,491 | |
842,259 | |||
Diversified Support Services–0.25% | |||
Legends Hospitality Holding Co. LLC/Legends Hospitality Co-Issuer, Inc., 5.00%, 02/01/2026(b) | 471,000 | 442,281 |
Principal Amount | Value | ||
Diversified Support Services–(continued) | |||
MPH Acquisition Holdings LLC, | |||
5.50%, 09/01/2028(b) | $606,000 | $528,782 | |
5.75%, 11/01/2028(b)(c) | 528,000 | 403,210 | |
Neptune Bidco US, Inc., 9.29%, 04/15/2029(b) | 1,173,000 | 1,080,508 | |
Prime Security Services Borrower LLC/Prime Finance, Inc., 5.75%, 04/15/2026(b) | 434,000 | 425,986 | |
2,880,767 | |||
Drug Retail–0.01% | |||
Walgreens Boots Alliance, Inc., 3.45%, 06/01/2026 | 75,000 | 70,819 | |
Electric Utilities–0.43% | |||
Drax Finco PLC (United Kingdom), 6.63%, 11/01/2025(b) | 706,000 | 694,903 | |
Edison International, | |||
4.13%, 03/15/2028 | 100,000 | 94,147 | |
5.25%, 11/15/2028 | 90,000 | 88,760 | |
8.13%, 06/15/2053(e) | 626,000 | 642,489 | |
NRG Energy, Inc., | |||
5.25%, 06/15/2029(b) | 540,000 | 487,839 | |
3.63%, 02/15/2031(b) | 1,103,000 | 866,599 | |
3.88%, 02/15/2032(b) | 854,000 | 661,630 | |
Pacific Gas and Electric Co., | |||
3.30%, 12/01/2027 | 100,000 | 89,067 | |
3.00%, 06/15/2028 | 85,000 | 73,962 | |
PG&E Corp., 5.25%, 07/01/2030 | 523,000 | 470,176 | |
System Energy Resources, Inc., 6.00%, 04/15/2028 | 150,000 | 147,390 | |
Vistra Operations Co. LLC, 5.63%, 02/15/2027(b) | 689,000 | 666,958 | |
4,983,920 | |||
Electrical Components & Equipment–0.10% | |||
Emerson Electric Co., 1.80%, 10/15/2027 | 80,000 | 71,303 | |
EnerSys, 4.38%, 12/15/2027(b) | 222,000 | 206,050 | |
WESCO Distribution, Inc., 7.13%, 06/15/2025(b) | 863,000 | 873,684 | |
1,151,037 | |||
Electronic Components–0.08% | |||
Imola Merger Corp., 4.75%, 05/15/2029(b) | 774,000 | 680,428 | |
Likewize Corp., 9.75%, 10/15/2025(b) | 239,000 | 231,022 | |
911,450 | |||
Environmental & Facilities Services–0.07% | |||
Enviri Corp., 5.75%, 07/31/2027(b)(c) | 763,000 | 659,957 | |
GFL Environmental, Inc. (Canada), 3.75%, 08/01/2025(b) | 190,000 | 181,796 | |
841,753 | |||
Financial Exchanges & Data–0.08% | |||
Cboe Global Markets, Inc., 3.65%, 01/12/2027 | 60,000 | 57,575 | |
Coinbase Global, Inc., 3.38%, 10/01/2028(b) | 1,215,000 | 851,917 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Principal Amount | Value | ||
Financial Exchanges & Data–(continued) | |||
S&P Global, Inc., 2.45%, 03/01/2027 | $65,000 | $60,048 | |
969,540 | |||
Food Distributors–0.10% | |||
C&S Group Enterprises LLC, 5.00%, 12/15/2028(b) | 1,087,000 | 843,567 | |
US Foods, Inc., 6.25%, 04/15/2025(b) | 307,000 | 308,050 | |
1,151,617 | |||
Food Retail–0.02% | |||
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s L.P./Albertson’s LLC, 4.63%, 01/15/2027(b) | 200,000 | 189,710 | |
Footwear–0.03% | |||
Abercrombie & Fitch Management Co., 8.75%, 07/15/2025(b) | 401,000 | 407,147 | |
Gas Utilities–0.09% | |||
AmeriGas Partners L.P./AmeriGas Finance Corp., | |||
5.50%, 05/20/2025 | 184,000 | 178,727 | |
5.88%, 08/20/2026 | 456,000 | 430,360 | |
Ferrellgas L.P./Ferrellgas Finance Corp., 5.88%, 04/01/2029(b) | 458,000 | 394,437 | |
Southwest Gas Corp., 5.45%, 03/23/2028 | 80,000 | 79,683 | |
1,083,207 | |||
Gold–0.03% | |||
Coeur Mining, Inc., 5.13%, 02/15/2029(b)(c) | 380,000 | 315,803 | |
Health Care Distributors–0.06% | |||
CommonSpirit Health, 1.55%, 10/01/2025 | 64,000 | 58,453 | |
Owens & Minor, Inc., 6.63%, 04/01/2030(b)(c) | 712,000 | 652,460 | |
710,913 | |||
Health Care Equipment–0.10% | |||
Baxter International, Inc., 2.27%, 12/01/2028 | 125,000 | 107,823 | |
RP Escrow Issuer LLC, 5.25%, 12/15/2025(b) | 397,000 | 271,158 | |
Varex Imaging Corp., 7.88%, 10/15/2027(b) | 810,000 | 813,730 | |
1,192,711 | |||
Health Care Facilities–0.25% | |||
HCA, Inc., 5.63%, 09/01/2028 | 200,000 | 200,875 | |
Legacy LifePoint Health LLC, 6.75%, 04/15/2025(b) | 820,000 | 833,477 | |
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/01/2026(b) | 522,000 | 490,112 | |
Tenet Healthcare Corp., 4.88%, 01/01/2026 | 1,293,000 | 1,252,710 | |
Universal Health Services, Inc., 1.65%, 09/01/2026 | 134,000 | 118,531 | |
2,895,705 |
Principal Amount | Value | ||
Health Care REITs–0.14% | |||
MPT Operating Partnership L.P./MPT Finance Corp., | |||
5.00%, 10/15/2027(c) | $952,000 | $835,459 | |
4.63%, 08/01/2029(c) | 847,000 | 673,755 | |
Omega Healthcare Investors, Inc., 5.25%, 01/15/2026 | 120,000 | 117,211 | |
1,626,425 | |||
Health Care Services–0.38% | |||
Community Health Systems, Inc., | |||
8.00%, 03/15/2026(b)(c) | 600,000 | 589,750 | |
5.63%, 03/15/2027(b) | 707,000 | 630,069 | |
8.00%, 12/15/2027(b) | 329,000 | 322,009 | |
6.88%, 04/15/2029(b) | 650,000 | 431,550 | |
6.13%, 04/01/2030(b) | 530,000 | 334,659 | |
5.25%, 05/15/2030(b) | 746,000 | 596,980 | |
ModivCare, Inc., 5.88%, 11/15/2025(b) | 624,000 | 579,484 | |
Prime Healthcare Services, Inc., 7.25%, 11/01/2025(b) | 453,000 | 430,862 | |
Sutter Health, Series 20A, 1.32%, 08/15/2025 | 167,000 | 152,990 | |
US Acute Care Solutions LLC, 6.38%, 03/01/2026(b) | 361,000 | 315,875 | |
4,384,228 | |||
Health Care Technology–0.06% | |||
athenahealth Group, Inc., 6.50%, 02/15/2030(b) | 858,000 | 728,052 | |
Home Furnishings–0.20% | |||
Tempur Sealy International, Inc., | |||
4.00%, 04/15/2029(b)(c) | 1,272,000 | 1,103,812 | |
3.88%, 10/15/2031(b) | 937,000 | 759,230 | |
WASH Multifamily Acquisition, Inc., 5.75%, 04/15/2026(b) | 469,000 | 436,811 | |
2,299,853 | |||
Home Improvement Retail–0.05% | |||
Home Depot, Inc. (The), 2.50%, 04/15/2027 | 80,000 | 74,322 | |
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/2026(b) | 485,000 | 462,014 | |
536,336 | |||
Homebuilding–0.31% | |||
Beazer Homes USA, Inc., 5.88%, 10/15/2027(c) | 750,000 | 725,091 | |
Empire Communities Corp. (Canada), 7.00%, 12/15/2025(b) | 477,000 | 459,049 | |
Lennar Corp., 4.75%, 11/29/2027 | 60,000 | 58,506 | |
LGI Homes, Inc., 4.00%, 07/15/2029(b)(c) | 508,000 | 427,361 | |
Mattamy Group Corp. (Canada), 4.63%, 03/01/2030(b) | 276,000 | 242,419 | |
Meritage Homes Corp., 6.00%, 06/01/2025 | 246,000 | 245,932 | |
New Home Co., Inc. (The), 7.25%, 10/15/2025(b) | 486,000 | 451,829 | |
Taylor Morrison Communities, Inc., 5.75%, 01/15/2028(b) | 100,000 | 97,575 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Principal Amount | Value | |||
Homebuilding–(continued) | ||||
TopBuild Corp., 4.13%, 02/15/2032(b) | $1,060,000 | $910,434 | ||
3,618,196 | ||||
Hotel & Resort REITs–0.09% | ||||
Host Hotels & Resorts L.P., Series F, 4.50%, 02/01/2026 | 50,000 | 48,479 | ||
Service Properties Trust, | ||||
5.25%, 02/15/2026 | 323,000 | 295,287 | ||
4.95%, 02/15/2027 | 277,000 | 237,833 | ||
4.95%, 10/01/2029 | 595,000 | 458,801 | ||
1,040,400 | ||||
Hotels, Resorts & Cruise Lines–0.45% | ||||
Booking Holdings, Inc., 3.55%, 03/15/2028 | 50,000 | 47,388 | ||
Carnival Corp., | ||||
7.63%, 03/01/2026(b) | 587,000 | 579,612 | ||
5.75%, 03/01/2027(b) | 1,706,000 | 1,579,603 | ||
6.00%, 05/01/2029(b) | 745,000 | 670,343 | ||
10.50%, 06/01/2030(b) | 479,000 | 507,301 | ||
Hilton Domestic Operating Co., Inc., 5.38%, 05/01/2025(b) | 490,000 | 486,650 | ||
Hyatt Hotels Corp., 4.38%, 09/15/2028 | 95,000 | 89,961 | ||
Royal Caribbean Cruises Ltd., | ||||
11.50%, 06/01/2025(b) | 185,000 | 196,159 | ||
5.50%, 04/01/2028(b) | 631,000 | 595,296 | ||
Six Flags Theme Parks, Inc., 7.00%, 07/01/2025(b) | 96,000 | 96,321 | ||
Travel + Leisure Co., 6.60%, 10/01/2025(c) | 444,000 | 446,460 | ||
5,295,094 | ||||
Housewares & Specialties–0.22% | ||||
Newell Brands, Inc., | ||||
4.88%, 06/01/2025 | 490,000 | 474,574 | ||
4.70%, 04/01/2026(c) | 1,099,000 | 1,044,197 | ||
6.38%, 09/15/2027(c) | 386,000 | 380,693 | ||
6.63%, 09/15/2029(c) | 626,000 | 626,494 | ||
2,525,958 | ||||
Human Resource & Employment Services–0.01% | ||||
Automatic Data Processing, Inc., 3.38%, 09/15/2025 | 100,000 | 96,823 | ||
Independent Power Producers & Energy Traders–0.07% | ||||
AES Corp. (The), 5.45%, 06/01/2028 | 80,000 | 79,332 | ||
EnfraGen Energia Sur S.A./EnfraGen Spain S.A./Prime Energia S.p.A. (Colombia), 5.38%, 12/30/2030(b) | 1,044,000 | 691,399 | ||
770,731 | ||||
Industrial Conglomerates–0.22% | ||||
Berkshire Hathaway Energy Co., 3.50%, 02/01/2025 | 127,000 | 123,452 |
Principal Amount | Value | |||
Industrial Conglomerates–(continued) | ||||
Icahn Enterprises L.P./Icahn Enterprises Finance Corp., | ||||
6.38%, 12/15/2025 | $667,000 | $639,078 | ||
6.25%, 05/15/2026(c) | 719,000 | 674,760 | ||
5.25%, 05/15/2027 | 1,282,000 | 1,131,821 | ||
2,569,111 | ||||
Industrial Machinery & Supplies & Components–0.04% | ||||
JPW Industries Holding Corp., 9.00%, 10/01/2024(b) | 457,000 | 425,549 | ||
Stanley Black & Decker, Inc., 3.40%, 03/01/2026 | 80,000 | 76,113 | ||
501,662 | ||||
Insurance Brokers–0.01% | ||||
Willis North America, Inc., 4.65%, 06/15/2027 | 75,000 | 72,815 | ||
Integrated Oil & Gas–0.36% | ||||
BP Capital Markets America, Inc., 3.54%, 04/06/2027 | 75,000 | 71,743 | ||
Chevron USA, Inc., 1.02%, 08/12/2027(c) | 100,000 | 87,178 | ||
Exxon Mobil Corp., 3.29%, 03/19/2027 | 110,000 | 105,478 | ||
Petroleos Mexicanos (Mexico), 7.69%, 01/23/2050 | 4,600,000 | 3,205,341 | ||
Qatar Energy (Qatar), 1.38%, 09/12/2026(b) | 800,000 | 719,237 | ||
4,188,977 | ||||
Integrated Telecommunication Services–0.64% | ||||
Altice France Holding S.A. (Luxembourg), 10.50%, 05/15/2027(b) | 574,000 | 243,581 | ||
Altice France S.A. (France), | ||||
8.13%, 02/01/2027(b) | 814,000 | 666,826 | ||
5.13%, 07/15/2029(b) | 200,000 | 140,255 | ||
5.50%, 10/15/2029(b) | 200,000 | 142,192 | ||
Connect Finco S.a.r.l./Connect US Finco LLC (United Kingdom), 6.75%, 10/01/2026(b) | 1,400,000 | 1,343,473 | ||
Consolidated Communications, Inc., 6.50%, 10/01/2028(b) | 292,000 | 229,950 | ||
Frontier Communications Holdings LLC, | ||||
5.88%, 11/01/2029 | 760,000 | 557,936 | ||
6.00%, 01/15/2030(b) | 266,000 | 193,478 | ||
Iliad Holding S.A.S. (France), 6.50%, 10/15/2026(b) | 889,000 | 852,784 | ||
Level 3 Financing, Inc., | ||||
4.25%, 07/01/2028(b) | 960,000 | 680,617 | ||
10.50%, 05/15/2030(b)(c) | 643,000 | 666,823 | ||
Telecom Italia Capital S.A. (Italy), | ||||
6.38%, 11/15/2033 | 548,000 | 464,280 | ||
7.72%, 06/04/2038 | 414,000 | 368,352 | ||
Telecom Italia S.p.A. (Italy), 5.30%, 05/30/2024(b) | 696,000 | 682,969 | ||
Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 08/15/2028(b) | 256,000 | 215,872 | ||
7,449,388 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Principal Amount | Value | ||
Interactive Home Entertainment–0.02% | |||
Jacobs Entertainment, Inc., 6.75%, 02/15/2029(b) | $281,000 | $256,242 | |
Interactive Media & Services–0.03% | |||
Scripps Escrow II, Inc., 3.88%, 01/15/2029(b) | 307,000 | 255,522 | |
TripAdvisor, Inc., 7.00%, 07/15/2025(b) | 133,000 | 133,363 | |
388,885 | |||
Internet Services & Infrastructure–0.06% | |||
Booz Allen Hamilton, Inc., 3.88%, 09/01/2028(b) | 329,000 | 299,040 | |
Cogent Communications Group, Inc., 3.50%, 05/01/2026(b) | 261,000 | 242,277 | |
VeriSign, Inc., 5.25%, 04/01/2025 | 150,000 | 148,858 | |
690,175 | |||
Investment Banking & Brokerage–0.14% | |||
Goldman Sachs Group, Inc. (The), | |||
3.85%, 01/26/2027 | 125,000 | 119,331 | |
1.54%, 09/10/2027(e) | 140,000 | 123,625 | |
1.95%, 10/21/2027(e) | 75,000 | 66,936 | |
3.62%, 03/15/2028(e) | 105,000 | 98,633 | |
Morgan Stanley, | |||
2.72%, 07/22/2025(e) | 100,000 | 96,861 | |
3.63%, 01/20/2027 | 130,000 | 123,403 | |
1.59%, 05/04/2027(e) | 110,000 | 98,743 | |
6.30%, 10/18/2028(e) | 100,000 | 103,551 | |
NFP Corp., 6.88%, 08/15/2028(b) | 763,000 | 676,234 | |
Nomura Holdings, Inc. (Japan), 1.65%, 07/14/2026 | 200,000 | 177,204 | |
1,684,521 | |||
IT Consulting & Other Services–0.13% | |||
Conduent Business Services LLC/Conduent State & Local Solutions, Inc., 6.00%, 11/01/2029(b) | 273,000 | 229,626 | |
International Business Machines Corp., | |||
3.45%, 02/19/2026 | 150,000 | 144,277 | |
3.30%, 05/15/2026 | 100,000 | 95,487 | |
Kyndryl Holdings, Inc., 2.05%, 10/15/2026 | 100,000 | 87,152 | |
Sabre GLBL, Inc., | |||
9.25%, 04/15/2025(b) | 124,000 | 116,396 | |
7.38%, 09/01/2025(b) | 682,000 | 616,286 | |
Unisys Corp., 6.88%, 11/01/2027(b) | 280,000 | 228,931 | |
1,518,155 | |||
Leisure Facilities–0.15% | |||
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/2028(b) | 450,000 | 491,440 | |
Cedar Fair L.P./Canada’s Wonderland Co./Magnum Management Corp., 5.50%, 05/01/2025(b) | 100,000 | 99,068 |
Principal Amount | Value | |||
Leisure Facilities–(continued) | ||||
NCL Corp. Ltd., | ||||
5.88%, 03/15/2026(b) | $524,000 | $496,311 | ||
5.88%, 02/15/2027(b) | 634,000 | 617,977 | ||
1,704,796 | ||||
Leisure Products–0.04% | ||||
Mattel, Inc., 3.38%, 04/01/2026(b) | 513,000 | 477,493 | ||
Life & Health Insurance–0.01% | ||||
Principal Financial Group, Inc., 3.40%, 05/15/2025 | 160,000 | 153,995 | ||
Life Sciences Tools & Services–0.06% | ||||
IQVIA, Inc., | ||||
5.00%, 10/15/2026(b)(c) | 308,000 | 299,378 | ||
5.00%, 05/15/2027(b)(c) | 419,000 | 404,447 | ||
703,825 | ||||
Managed Health Care–0.00% | ||||
Centene Corp., 2.45%, 07/15/2028 | 60,000 | 51,738 | ||
Marine Ports & Services–0.08% | ||||
DP World Ltd. (United Arab Emirates), 6.85%, 07/02/2037(b) | 810,000 | 891,053 | ||
Marine Transportation–0.02% | ||||
Seaspan Corp. (Hong Kong), 5.50%, 08/01/2029(b) | 276,000 | 225,318 | ||
Metal, Glass & Plastic Containers–0.26% | ||||
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, 4.00%, 09/01/2029(b)(c) | 500,000 | 409,460 | ||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., | ||||
5.25%, 04/30/2025(b) | 819,000 | 803,147 | ||
4.13%, 08/15/2026(b) | 307,000 | 287,863 | ||
Ball Corp., | ||||
5.25%, 07/01/2025 | 585,000 | 580,401 | ||
4.88%, 03/15/2026 | 198,000 | 193,777 | ||
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC (Canada), 6.00%, 09/15/2028(b) | 350,000 | 310,600 | ||
Mauser Packaging Solutions Holding Co., 9.25%, 04/15/2027(b) | 415,000 | 386,141 | ||
2,971,389 | ||||
Mortgage REITs–0.03% | ||||
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 4.75%, 06/15/2029(b) | 420,000 | 354,488 | ||
Movies & Entertainment–0.09% | ||||
Cinemark USA, Inc., 8.75%, 05/01/2025(b) | 388,000 | 392,238 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Principal Amount | Value | |||
Movies & Entertainment–(continued) | ||||
Odeon Finco PLC (United Kingdom), 12.75%, 11/01/2027(b) | $617,000 | $617,185 | ||
1,009,423 | ||||
Multi-line Insurance–0.01% | ||||
Boardwalk Pipelines L.P., 5.95%, 06/01/2026 | 94,000 | 94,528 | ||
Multi-Utilities–0.10% | ||||
Algonquin Power & Utilities Corp. (Canada), 4.75%, 01/18/2082(e) | 1,037,000 | 837,741 | ||
DTE Energy Co., Series E, Investment Units, 5.25%, 12/01/2077 | 14,296 | 342,246 | ||
1,179,987 | ||||
Office REITs–0.07% | ||||
Office Properties Income Trust, | ||||
4.50%, 02/01/2025(c) | 678,000 | 598,203 | ||
2.40%, 02/01/2027 | 358,000 | 242,717 | ||
840,920 | ||||
Office Services & Supplies–0.15% | ||||
ACCO Brands Corp., 4.25%, 03/15/2029(b)(c) | 1,090,000 | 931,125 | ||
Pitney Bowes, Inc., | ||||
6.88%, 03/15/2027(b)(c) | 578,000 | 437,333 | ||
7.25%, 03/15/2029(b) | 540,000 | 367,200 | ||
1,735,658 | ||||
Oil & Gas Drilling–0.20% | ||||
Delek Logistics Partners L.P./Delek Logistics Finance Corp., 7.13%, 06/01/2028(b) | 370,000 | 342,683 | ||
Harvest Midstream I L.P., 7.50%, 09/01/2028(b) | 305,000 | 300,024 | ||
Rockies Express Pipeline LLC, | ||||
4.80%, 05/15/2030(b) | 142,000 | 126,153 | ||
7.50%, 07/15/2038(b) | 366,000 | 338,766 | ||
6.88%, 04/15/2040(b) | 620,000 | 561,658 | ||
Valaris Ltd., 8.38%, 04/30/2030(b) | 645,000 | 660,544 | ||
2,329,828 | ||||
Oil & Gas Equipment & Services–0.06% | ||||
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc., 3.34%, 12/15/2027 | 75,000 | 70,022 | ||
USA Compression Partners L.P./USA Compression Finance Corp., 6.88%, 04/01/2026(c) | 622,000 | 616,983 | ||
687,005 | ||||
Oil & Gas Exploration & Production–1.34% | ||||
Baytex Energy Corp. (Canada), 8.75%, 04/01/2027(b) | 355,000 | 364,129 | ||
Civitas Resources, Inc., | ||||
5.00%, 10/15/2026(b) | 427,000 | 403,408 | ||
8.75%, 07/01/2031(b) | 404,000 | 418,645 | ||
CNX Resources Corp., 6.00%, 01/15/2029(b) | 505,000 | 472,792 |
Principal Amount | Value | ||
Oil & Gas Exploration & Production–(continued) | |||
Comstock Resources, Inc., 6.75%, 03/01/2029(b)(c) | $1,020,000 | $952,515 | |
Crescent Energy Finance LLC, | |||
7.25%, 05/01/2026(b) | 930,000 | 917,394 | |
9.25%, 02/15/2028(b) | 405,000 | 412,330 | |
CrownRock L.P./CrownRock Finance, Inc., 5.63%, 10/15/2025(b) | 352,000 | 347,039 | |
Devon Energy Corp., 5.25%, 10/15/2027 | 75,000 | 74,237 | |
Earthstone Energy Holdings LLC, 9.88%, 07/15/2031(b) | 512,000 | 529,109 | |
Encino Acquisition Partners Holdings LLC, 8.50%, 05/01/2028(b)(c) | 616,000 | 565,755 | |
Hilcorp Energy I L.P./Hilcorp Finance Co., | |||
6.25%, 11/01/2028(b) | 403,000 | 386,141 | |
5.75%, 02/01/2029(b) | 553,000 | 512,023 | |
6.00%, 04/15/2030(b) | 307,000 | 284,046 | |
6.00%, 02/01/2031(b) | 788,000 | 716,560 | |
Ithaca Energy North Sea PLC (United Kingdom), 9.00%, 07/15/2026(b) | 249,000 | 237,060 | |
Moss Creek Resources Holdings, Inc., | |||
7.50%, 01/15/2026(b) | 344,000 | 321,695 | |
10.50%, 05/15/2027(b) | 284,000 | 278,036 | |
Murphy Oil Corp., | |||
5.75%, 08/15/2025 | 187,000 | 184,666 | |
7.05%, 05/01/2029 | 473,000 | 481,250 | |
5.88%, 12/01/2042 | 214,000 | 183,025 | |
PDC Energy, Inc., 5.75%, 05/15/2026 | 496,000 | 499,274 | |
Range Resources Corp., 4.88%, 05/15/2025 | 467,000 | 458,725 | |
Sinopec Group Overseas Development 2018 Ltd. (China), 2.95%, 11/12/2029(b) | 2,760,000 | 2,489,780 | |
SM Energy Co., 6.63%, 01/15/2027(c) | 423,000 | 416,423 | |
Strathcona Resources Ltd. (Canada), 6.88%, 08/01/2026(b)(c) | 668,000 | 587,288 | |
Talos Production, Inc., 12.00%, 01/15/2026 | 288,000 | 301,605 | |
Tap Rock Resources LLC, 7.00%, 10/01/2026(b) | 632,000 | 653,303 | |
Venture Global LNG, Inc., 8.13%, 06/01/2028(b) | 1,113,000 | 1,132,273 | |
15,580,526 | |||
Oil & Gas Refining & Marketing–0.29% | |||
CVR Energy, Inc., 5.25%, 02/15/2025(b) | 158,000 | 153,597 | |
EnLink Midstream Partners L.P., 5.60%, 04/01/2044 | 454,000 | 374,024 | |
HF Sinclair Corp., 5.88%, 04/01/2026 | 94,000 | 94,436 | |
NuStar Logistics L.P., | |||
6.00%, 06/01/2026 | 422,000 | 415,696 | |
5.63%, 04/28/2027 | 555,000 | 539,031 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Principal Amount | Value | |||
Oil & Gas Refining & Marketing–(continued) | ||||
Parkland Corp. (Canada), 4.50%, 10/01/2029(b) | $229,000 | $202,293 | ||
Petronas Capital Ltd. (Malaysia), 3.50%, 03/18/2025(b) | 1,000,000 | 967,760 | ||
Puma International Financing S.A. (Singapore), 5.13%, 10/06/2024(b) | 600,000 | 596,928 | ||
3,343,765 | ||||
Oil & Gas Storage & Transportation–0.93% | ||||
Abu Dhabi Crude Oil Pipeline LLC (United Arab Emirates), 4.60%, 11/02/2047(b) | 1,587,000 | 1,465,283 | ||
Cheniere Corpus Christi Holdings LLC, 5.13%, 06/30/2027 | 125,000 | 123,780 | ||
Crestwood Midstream Partners L.P./Crestwood Midstream Finance Corp., 5.75%, 04/01/2025 | 151,000 | 148,877 | ||
Energy Transfer L.P., | ||||
4.40%, 03/15/2027 | 60,000 | 57,907 | ||
5.50%, 06/01/2027 | 50,000 | 50,001 | ||
EQM Midstream Partners L.P., | ||||
6.00%, 07/01/2025(b) | 100,000 | 99,374 | ||
5.50%, 07/15/2028 | 381,000 | 366,963 | ||
4.50%, 01/15/2029(b) | 317,000 | 289,978 | ||
7.50%, 06/01/2030(b) | 224,000 | 231,195 | ||
6.50%, 07/15/2048(c) | 1,568,000 | 1,434,098 | ||
Genesis Energy L.P./Genesis Energy Finance Corp., 7.75%, 02/01/2028 | 350,000 | 340,704 | ||
Hess Midstream Operations L.P., 5.63%, 02/15/2026(b) | 243,000 | 239,574 | ||
Holly Energy Partners L.P./Holly Energy Finance Corp., 5.00%, 02/01/2028(b) | 313,000 | 293,050 | ||
ITT Holdings LLC, 6.50%, 08/01/2029(b) | 497,000 | 425,679 | ||
New Fortress Energy, Inc., | ||||
6.75%, 09/15/2025(b) | 1,188,000 | 1,132,737 | ||
6.50%, 09/30/2026(b) | 1,217,000 | 1,118,195 | ||
Northriver Midstream Finance L.P. (Canada), 5.63%, 02/15/2026(b) | 443,000 | 423,774 | ||
Southeast Supply Header LLC, 4.25%, 06/15/2024(b) | 214,000 | 201,678 | ||
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 9.00%, 10/15/2026(b)(i) | 948,000 | 932,522 | ||
Tallgrass Energy Partners L.P./Tallgrass Energy Finance Corp., | ||||
7.50%, 10/01/2025(b) | 358,000 | 358,950 | ||
5.50%, 01/15/2028(b)(c) | 758,000 | 698,095 | ||
6.00%, 12/31/2030(b) | 495,000 | 439,837 | ||
10,872,251 | ||||
Other Specialized REITs–0.10% | ||||
EPR Properties, 4.75%, 12/15/2026 | 75,000 | 68,901 | ||
GLP Capital L.P./GLP Financing II, Inc., 3.35%, 09/01/2024 | 100,000 | 97,076 |
Principal Amount | Value | |||
Other Specialized REITs–(continued) | ||||
Iron Mountain, Inc., | ||||
5.25%, 07/15/2030(b)(c) | $522,000 | $472,358 | ||
4.50%, 02/15/2031(b)(c) | 585,000 | 504,911 | ||
1,143,246 | ||||
Other Specialty Retail–0.19% | ||||
Bath & Body Works, Inc., | ||||
6.88%, 11/01/2035 | 692,000 | 642,856 | ||
6.75%, 07/01/2036 | 175,000 | 159,310 | ||
LSF9 Atlantis Holdings LLC/Victra Finance Corp., 7.75%, 02/15/2026(b) | 377,000 | 353,889 | ||
Michaels Cos., Inc. (The), 5.25%, 05/01/2028(b)(c) | 427,000 | 363,492 | ||
Staples, Inc., 7.50%, 04/15/2026(b)(c) | 786,000 | 650,344 | ||
2,169,891 | ||||
Packaged Foods & Meats–0.09% | ||||
Aramark Services, Inc., 6.38%, 05/01/2025(b) | 395,000 | 395,363 | ||
Conagra Brands, Inc., 1.38%, 11/01/2027 | 100,000 | 85,154 | ||
TKC Holdings, Inc., 6.88%, 05/15/2028(b) | 500,000 | 440,744 | ||
Tyson Foods, Inc., 4.00%, 03/01/2026 | 127,000 | 123,074 | ||
1,044,335 | ||||
Paper & Plastic Packaging Products & Materials–0.13% | ||||
Berry Global, Inc., 1.57%, 01/15/2026 | 80,000 | 72,580 | ||
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/2026 | 544,000 | 526,381 | ||
LABL, Inc., | ||||
6.75%, 07/15/2026(b) | 276,000 | 271,028 | ||
5.88%, 11/01/2028(b) | 266,000 | 243,130 | ||
Sealed Air Corp., 6.88%, 07/15/2033(b) | 430,000 | 450,055 | ||
1,563,174 | ||||
Paper Products–0.13% | ||||
Domtar Corp., 6.75%, 10/01/2028(b) | 999,000 | 873,527 | ||
Glatfelter Corp., 4.75%, 11/15/2029(b) | 885,000 | 613,009 | ||
1,486,536 | ||||
Passenger Airlines–0.43% | ||||
Air Canada (Canada), 3.88%, 08/15/2026(b) | 330,000 | 306,537 | ||
Air Canada Pass-Through Trust (Canada), Series 2020-1, Class C, 10.50%, 07/15/2026(b) | 583,000 | 632,584 | ||
American Airlines Pass-Through Trust, Series 16-1, Class A, 4.10%, 01/15/2028 | 226,730 | 206,410 | ||
American Airlines, Inc., 11.75%, 07/15/2025(b) | 802,000 | 884,642 | ||
American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 04/20/2026(b) | 860,750 | 848,688 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Principal Amount | Value | ||
Passenger Airlines–(continued) | |||
Delta Air Lines, Inc., | |||
2.90%, 10/28/2024 | $247,000 | $237,507 | |
7.38%, 01/15/2026 | 226,000 | 234,820 | |
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/2026(b) | 838,000 | 791,782 | |
Southwest Airlines Co., 3.45%, 11/16/2027 | 125,000 | 115,778 | |
United Airlines, Inc., 4.38%, 04/15/2026(b) | 799,000 | 757,338 | |
5,016,086 | |||
Personal Care Products–0.09% | |||
Herbalife Nutrition Ltd./HLF Financing, Inc., 7.88%, 09/01/2025(b) | 1,141,000 | 1,085,330 | |
Pharmaceuticals–0.37% | |||
1375209 BC Ltd. (Canada), 9.00%, 01/30/2028(b) | 669,000 | 671,320 | |
AdaptHealth LLC, 5.13%, 03/01/2030(b) | 1,043,000 | 863,940 | |
Bausch Health Cos., Inc., | |||
5.50%, 11/01/2025(b) | 550,000 | 495,742 | |
4.88%, 06/01/2028(b) | 805,000 | 489,130 | |
Bristol-Myers Squibb Co., 0.75%, 11/13/2025 | 100,000 | 91,317 | |
HLF Financing S.a.r.l. LLC/Herbalife International, Inc., 4.88%, 06/01/2029(b) | 565,000 | 430,078 | |
Merck & Co., Inc., 2.75%, 02/10/2025 | 183,000 | 176,608 | |
Perrigo Finance Unlimited Co., 3.90%, 12/15/2024 | 705,000 | 683,887 | |
Royalty Pharma PLC, 1.20%, 09/02/2025 | 200,000 | 181,878 | |
Utah Acquisition Sub, Inc., 3.95%, 06/15/2026 | 134,000 | 127,218 | |
Viatris, Inc., 2.30%, 06/22/2027 | 85,000 | 74,789 | |
4,285,907 | |||
Property & Casualty Insurance–0.01% | |||
Fairfax Financial Holdings Ltd. (Canada), 4.85%, 04/17/2028 | 75,000 | 72,918 | |
Publishing–0.13% | |||
Gannett Holdings LLC, 6.00%, 11/01/2026(b) | 1,806,000 | 1,556,573 | |
Rail Transportation–0.12% | |||
Empresa de Transporte de Pasajeros Metro S.A. (Chile), 4.70%, 05/07/2050(b) | 1,550,000 | 1,345,153 | |
Real Estate Development–0.04% | |||
Forestar Group, Inc., 3.85%, 05/15/2026(b) | 558,000 | 518,536 |
Principal Amount | Value | |||
Real Estate Services–0.06% | ||||
Realogy Group LLC/Realogy Co-Issuer Corp., | ||||
5.75%, 01/15/2029(b) | $431,000 | $319,382 | ||
5.25%, 04/15/2030(b) | 571,000 | 412,101 | ||
731,483 | ||||
Regional Banks–0.03% | ||||
Santander Holdings USA, Inc., 2.49%, 01/06/2028(e) | 100,000 | 86,974 | ||
Truist Financial Corp., 4.00%, 05/01/2025 | 275,000 | 267,014 | ||
353,988 | ||||
Reinsurance–0.13% | ||||
Enstar Finance LLC, | ||||
5.75%, 09/01/2040(e) | 410,000 | 359,033 | ||
5.50%, 01/15/2042(e) | 638,000 | 496,620 | ||
Global Atlantic Fin Co., 4.70%, 10/15/2051(b)(e) | 992,000 | 715,835 | ||
1,571,488 | ||||
Renewable Electricity–0.05% | ||||
Sunnova Energy Corp., 5.88%, 09/01/2026(b)(c) | 700,000 | 629,218 | ||
Retail REITs–0.18% | ||||
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC, | ||||
5.75%, 05/15/2026(b) | 1,000,000 | 939,163 | ||
4.50%, 04/01/2027 (Acquired 09/12/2022; Cost $462,568)(b)(f) | 517,000 | 447,864 | ||
Necessity Retail REIT, Inc. (The)/American Finance Operating Partner L.P., 4.50%, 09/30/2028(b) | 594,000 | 461,024 | ||
Realty Income Corp., 4.88%, 06/01/2026 | 80,000 | 79,216 | ||
Simon Property Group L.P., 3.30%, 01/15/2026 | 64,000 | 61,130 | ||
Spirit Realty L.P., 4.45%, 09/15/2026 | 75,000 | 71,495 | ||
2,059,892 | ||||
Security & Alarm Services–0.21% | ||||
ADT Security Corp. (The), 4.88%, 07/15/2032(b) | 745,000 | 640,439 | ||
APX Group, Inc., 5.75%, 07/15/2029(b) | 823,000 | 715,348 | ||
CoreCivic, Inc., | ||||
8.25%, 04/15/2026(c) | 651,000 | 656,519 | ||
4.75%, 10/15/2027 | 467,000 | 412,030 | ||
2,424,336 | ||||
Semiconductor Materials & Equipment–0.02% | ||||
NXP B.V./NXP Funding LLC/NXP USA, Inc. (China), 2.70%, 05/01/2025 | 200,000 | 190,371 | ||
Semiconductors–0.04% | ||||
ams-OSRAM AG (Austria), 7.00%, 07/31/2025(b) | 394,000 | 346,180 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Principal Amount | Value | ||
Semiconductors–(continued) | |||
Micron Technology, Inc., 4.19%, 02/15/2027 | $75,000 | $72,056 | |
418,236 | |||
Sovereign Debt–13.96% | |||
Abu Dhabi Government International Bond (United Arab Emirates), | |||
3.13%, 05/03/2026(b) | 440,000 | 421,926 | |
1.88%, 09/15/2031(b) | 780,000 | 649,171 | |
2.70%, 09/02/2070(b) | 5,040,000 | 3,101,858 | |
Angolan Government International Bond (Angola), | |||
8.25%, 05/09/2028(b) | 880,000 | 812,790 | |
9.38%, 05/08/2048(b) | 440,000 | 365,618 | |
9.13%, 11/26/2049(b) | 1,140,000 | 925,509 | |
Argentine Republic Government International Bond (Argentina), 0.75%, 07/09/2030(i) | 3,000,000 | 1,041,974 | |
Bahrain Government International Bond (Bahrain), 7.00%, 01/26/2026(b) | 2,000,000 | 2,043,274 | |
Brazilian Government International Bond (Brazil), | |||
4.25%, 01/07/2025 | 1,600,000 | 1,571,543 | |
4.63%, 01/13/2028 | 3,160,000 | 3,080,170 | |
4.50%, 05/30/2029 | 760,000 | 724,643 | |
3.88%, 06/12/2030 | 1,540,000 | 1,382,553 | |
CBB International Sukuk Programme Co. WLL (Bahrain), 4.50%, 03/30/2027(b) | 2,880,000 | 2,766,658 | |
Chile Government International Bond (Chile), | |||
3.24%, 02/06/2028 | 1,241,000 | 1,161,651 | |
2.45%, 01/31/2031 | 1,414,000 | 1,207,380 | |
2.55%, 01/27/2032 | 770,000 | 654,582 | |
3.50%, 01/31/2034 | 1,140,000 | 1,001,948 | |
Colombia Government International Bond (Colombia), | |||
3.88%, 04/25/2027 | 2,250,000 | 2,076,671 | |
4.50%, 03/15/2029 | 880,000 | 787,290 | |
7.50%, 02/02/2034 | 880,000 | 890,896 | |
7.38%, 09/18/2037 | 3,800,000 | 3,766,287 | |
6.13%, 01/18/2041 | 1,950,000 | 1,664,660 | |
Costa Rica Government International Bond (Costa Rica), 6.13%, 02/19/2031(b) | 440,000 | 440,550 | |
Dominican Republic International Bond (Dominican Republic), | |||
5.50%, 01/27/2025(b) | 300,000 | 296,175 | |
6.88%, 01/29/2026(b) | 820,000 | 830,065 | |
5.95%, 01/25/2027(b) | 2,070,000 | 2,048,943 | |
6.00%, 07/19/2028(b) | 600,000 | 589,656 | |
5.50%, 02/22/2029(b) | 440,000 | 419,570 | |
4.50%, 01/30/2030(b) | 1,140,000 | 1,013,285 | |
6.00%, 02/22/2033(b) | 820,000 | 773,056 | |
6.85%, 01/27/2045(b) | 802,000 | 749,998 |
Principal Amount | Value | ||
Sovereign Debt–(continued) | |||
Egypt Government International Bond (Egypt), | |||
5.80%, 09/30/2027(b) | $770,000 | $565,577 | |
7.60%, 03/01/2029(b) | 200,000 | 144,508 | |
8.50%, 01/31/2047(b) | 2,896,000 | 1,698,620 | |
7.90%, 02/21/2048(b) | 1,200,000 | 668,550 | |
8.70%, 03/01/2049(b) | 2,110,000 | 1,238,420 | |
Ghana Government International Bond (Ghana), | |||
7.63%, 05/16/2029(b) | 818,000 | 374,235 | |
8.95%, 03/26/2051(b) | 738,000 | 332,366 | |
Hungary Government International Bond (Hungary), | |||
5.25%, 06/16/2029(b) | 3,080,000 | 3,024,853 | |
2.13%, 09/22/2031(b) | 2,400,000 | 1,879,327 | |
6.25%, 09/22/2032(b) | 820,000 | 843,982 | |
5.50%, 06/16/2034(b) | 410,000 | 400,405 | |
7.63%, 03/29/2041 | 2,280,000 | 2,588,915 | |
6.75%, 09/25/2052(b) | 380,000 | 398,359 | |
Indonesia Government International Bond (Indonesia), 4.85%, 01/11/2033(c) | 780,000 | 780,138 | |
Ivory Coast Government International Bond (Ivory Coast), | |||
6.38%, 03/03/2028(b) | 650,000 | 638,042 | |
6.13%, 06/15/2033(b) | 820,000 | 739,528 | |
Jamaica Government International Bond (Jamaica), 6.75%, 04/28/2028 | 1,600,000 | 1,691,200 | |
Jordan Government International Bond (Jordan), 6.13%, 01/29/2026(b) | 1,000,000 | 991,855 | |
Kazakhstan Government International Bond (Kazakhstan), | |||
3.88%, 10/14/2024(b) | 1,650,000 | 1,652,062 | |
5.13%, 07/21/2025(b) | 2,000,000 | 2,062,500 | |
4.88%, 10/14/2044(b) | 1,000,000 | 914,410 | |
KSA Sukuk Ltd. (Saudi Arabia), 4.30%, 01/19/2029(b) | 2,000,000 | 1,955,384 | |
Kuwait International Government Bond (Kuwait), 3.50%, 03/20/2027(b) | 800,000 | 771,901 | |
Malaysia Sukuk Global Bhd. (Malaysia), 3.18%, 04/27/2026(b) | 250,000 | 239,385 | |
Mexico Government International Bond (Mexico), | |||
4.13%, 01/21/2026 | 2,310,000 | 2,273,536 | |
4.50%, 04/22/2029 | 2,310,000 | 2,240,335 | |
5.75%, 10/12/2110 | 3,150,000 | 2,822,019 | |
Nigeria Government International Bond (Nigeria), | |||
8.38%, 03/24/2029(b) | 780,000 | 734,159 | |
8.75%, 01/21/2031(b) | 2,550,000 | 2,389,582 | |
7.70%, 02/23/2038(b) | 2,000,000 | 1,589,950 | |
7.63%, 11/28/2047(b) | 440,000 | 330,471 | |
Oman Government International Bond (Oman), | |||
4.88%, 02/01/2025(b) | 770,000 | 759,432 | |
4.75%, 06/15/2026(b) | 3,310,000 | 3,238,180 | |
5.63%, 01/17/2028(b) | 1,000,000 | 997,076 | |
6.25%, 01/25/2031(b) | 1,000,000 | 1,029,599 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Principal Amount | Value | ||
Sovereign Debt–(continued) | |||
Pakistan Government International Bond (Pakistan), 8.25%, 04/15/2024(b) | $966,000 | $783,185 | |
Panama Government International Bond (Panama), | |||
7.13%, 01/29/2026 | 1,110,000 | 1,154,292 | |
3.88%, 03/17/2028 | 1,000,000 | 946,964 | |
3.16%, 01/23/2030 | 780,000 | 685,741 | |
2.25%, 09/29/2032 | 780,000 | 602,215 | |
6.40%, 02/14/2035(c) | 1,160,000 | 1,215,176 | |
6.70%, 01/26/2036 | 1,350,000 | 1,448,382 | |
4.50%, 04/01/2056 | 2,700,000 | 2,036,511 | |
4.50%, 01/19/2063 | 1,520,000 | 1,129,534 | |
Paraguay Government International Bond (Paraguay), 5.00%, 04/15/2026(b) | 769,000 | 762,036 | |
Perusahaan Penerbit SBSN Indonesia III (Indonesia), 4.15%, 03/29/2027(b) | 1,176,000 | 1,154,179 | |
Peruvian Government International Bond (Peru), | |||
2.39%, 01/23/2026 | 1,180,000 | 1,101,157 | |
4.13%, 08/25/2027 | 1,226,000 | 1,189,552 | |
2.84%, 06/20/2030 | 500,000 | 435,148 | |
3.60%, 01/15/2072 | 650,000 | 440,686 | |
Philippine Government International Bond (Philippines), | |||
4.20%, 01/21/2024 | 100,000 | 99,282 | |
10.63%, 03/16/2025 | 2,144,000 | 2,323,624 | |
3.00%, 02/01/2028 | 1,000,000 | 930,102 | |
6.38%, 01/15/2032 | 2,000,000 | 2,212,490 | |
Qatar Government International Bond (Qatar), | |||
3.25%, 06/02/2026(b) | 880,000 | 844,186 | |
4.50%, 04/23/2028(b) | 2,130,000 | 2,132,471 | |
4.00%, 03/14/2029(b) | 3,860,000 | 3,783,990 | |
6.40%, 01/20/2040(b) | 780,000 | 912,463 | |
Republic of Kenya Government International Bond (Kenya), 6.88%, 06/24/2024(b) | 2,200,000 | 2,106,009 | |
Republic of Poland Government International Bond (Poland), | |||
3.25%, 04/06/2026 | 2,310,000 | 2,227,778 | |
5.75%, 11/16/2032 | 1,980,000 | 2,094,226 | |
Republic of South Africa Government International Bond (South Africa), | |||
5.88%, 09/16/2025 | 1,100,000 | 1,094,192 | |
4.85%, 09/30/2029 | 1,000,000 | 906,900 | |
5.88%, 04/20/2032 | 440,000 | 404,553 | |
5.38%, 07/24/2044 | 820,000 | 619,994 | |
5.65%, 09/27/2047 | 780,000 | 586,460 | |
5.75%, 09/30/2049 | 3,833,000 | 2,881,166 | |
7.30%, 04/20/2052 | 400,000 | 356,948 |
Principal Amount | Value | ||
Sovereign Debt–(continued) | |||
Romanian Government International Bond (Romania), | |||
4.38%, 08/22/2023(b) | $33,000 | $32,969 | |
3.00%, 02/27/2027(b) | 780,000 | 711,750 | |
6.63%, 02/17/2028(b) | 820,000 | 851,736 | |
3.63%, 03/27/2032(b) | 800,000 | 689,760 | |
7.13%, 01/17/2033(b) | 380,000 | 409,388 | |
6.00%, 05/25/2034(b) | 1,540,000 | 1,545,298 | |
6.13%, 01/22/2044(b) | 800,000 | 796,962 | |
5.13%, 06/15/2048(b) | 2,344,000 | 2,057,587 | |
4.00%, 02/14/2051(b) | 1,750,000 | 1,281,157 | |
7.63%, 01/17/2053(b) | 760,000 | 860,776 | |
Saudi Government International Bond (Saudi Arabia), | |||
4.00%, 04/17/2025(b) | 770,000 | 753,833 | |
3.25%, 10/26/2026(b) | 500,000 | 475,375 | |
4.38%, 04/16/2029(b) | 1,798,000 | 1,759,055 | |
4.50%, 04/17/2030(b) | 1,062,000 | 1,044,902 | |
5.50%, 10/25/2032(b) | 1,560,000 | 1,641,095 | |
2.25%, 02/02/2033(b) | 2,550,000 | 2,054,866 | |
4.63%, 10/04/2047(b) | 780,000 | 685,577 | |
5.00%, 01/18/2053(b) | 1,320,000 | 1,216,903 | |
4.50%, 04/22/2060(b) | 1,140,000 | 979,306 | |
Serbia International Bond (Serbia), 6.50%, 09/26/2033(b) | 1,670,000 | 1,678,150 | |
Sharjah Sukuk Program Ltd. (United Arab Emirates), | |||
3.85%, 04/03/2026(b) | 600,000 | 578,527 | |
4.23%, 03/14/2028(b) | 1,019,000 | 973,080 | |
Turkey Government International Bond (Turkey), | |||
4.75%, 01/26/2026 | 440,000 | 415,062 | |
4.25%, 04/14/2026 | 1,320,000 | 1,219,812 | |
7.63%, 04/26/2029 | 2,430,000 | 2,402,590 | |
11.88%, 01/15/2030 | 1,920,000 | 2,302,598 | |
6.88%, 03/17/2036 | 1,218,000 | 1,095,755 | |
6.00%, 01/14/2041 | 1,560,000 | 1,236,256 | |
UAE International Government Bond (United Arab Emirates), | |||
4.05%, 07/07/2032(b) | 780,000 | 764,896 | |
4.95%, 07/07/2052(b) | 780,000 | 774,779 | |
Ukraine Government International Bond (Ukraine), | |||
7.75%, 09/01/2025(b)(g) | 650,000 | 217,325 | |
7.75%, 09/01/2026(b)(g) | 650,000 | 205,797 | |
7.75%, 09/01/2028(b)(g) | 4,450,000 | 1,414,468 | |
7.75%, 09/01/2029(b)(g) | 1,090,000 | 345,775 | |
9.75%, 11/01/2030(b)(g) | 900,000 | 286,659 | |
Uruguay Government International Bond (Uruguay), 4.50%, 08/14/2024 | 943,948 | 942,256 | |
162,562,883 | |||
Specialized Consumer Services–0.03% | |||
Sotheby’s, 7.38%, 10/15/2027(b)(c) | 430,000 | 381,450 | |
Specialized Finance–0.01% | |||
Blackstone Private Credit Fund, 3.25%, 03/15/2027 | 75,000 | 65,357 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Principal Amount | Value | |||
Specialty Chemicals–0.17% | ||||
Avient Corp., 5.75%, 05/15/2025(b) | $377,000 | $372,096 | ||
PPG Industries, Inc., 1.20%, 03/15/2026 | 67,000 | 60,335 | ||
Rayonier A.M. Products, Inc., 7.63%, 01/15/2026(b) | 871,000 | �� 778,021 | ||
SCIL IV LLC/SCIL USA Holdings LLC, 5.38%, 11/01/2026(b)(c) | 832,000 | 765,613 | ||
1,976,065 | ||||
Steel–0.02% | ||||
ArcelorMittal S.A. (Luxembourg), 4.55%, 03/11/2026 | 134,000 | 131,155 | ||
Nucor Corp., 3.95%, 05/01/2028 | 100,000 | 95,223 | ||
226,378 | ||||
Systems Software–0.12% | ||||
Gen Digital, Inc., 5.00%, 04/15/2025(b)(c) | 400,000 | 394,656 | ||
McAfee Corp., 7.38%, 02/15/2030(b) | 740,000 | 640,246 | ||
Veritas US, Inc./Veritas Bermuda Ltd., 7.50%, 09/01/2025(b) | 502,000 | 412,207 | ||
1,447,109 | ||||
Technology Distributors–0.03% | ||||
Avnet, Inc., 4.63%, 04/15/2026 | 75,000 | 72,583 | ||
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 5.75%, 06/01/2025(b) | 260,000 | 262,186 | ||
334,769 | ||||
Technology Hardware, Storage & Peripherals–0.28% | ||||
Apple, Inc., | ||||
3.25%, 02/23/2026 | 150,000 | 144,774 | ||
3.20%, 05/11/2027 | 135,000 | 129,050 | ||
Seagate HDD Cayman, | ||||
4.75%, 01/01/2025 | 249,000 | 244,957 | ||
4.13%, 01/15/2031 | 248,000 | 204,600 | ||
9.63%, 12/01/2032(b) | 834,760 | 924,942 | ||
Xerox Corp., 6.75%, 12/15/2039 | 513,000 | 396,024 | ||
Xerox Holdings Corp., | ||||
5.00%, 08/15/2025(b)(c) | 476,000 | 457,152 | ||
5.50%, 08/15/2028(b)(c) | 930,000 | 816,981 | ||
3,318,480 | ||||
Telecom Tower REITs–0.07% | ||||
American Tower Corp., | ||||
1.30%, 09/15/2025 | 134,000 | 122,017 | ||
3.65%, 03/15/2027 | 105,000 | 98,764 | ||
3.55%, 07/15/2027 | 105,000 | 97,836 | ||
SBA Communications Corp., 3.88%, 02/15/2027 | 481,000 | 443,564 | ||
762,181 | ||||
Tires & Rubber–0.09% | ||||
FXI Holdings, Inc., 12.25%, 11/15/2026(b) | 512,000 | 477,440 |
Principal Amount | Value | |||
Tires & Rubber–(continued) | ||||
Goodyear Tire & Rubber Co. (The), | ||||
9.50%, 05/31/2025 | $100,000 | $102,590 | ||
5.00%, 07/15/2029(c) | 462,000 | 426,526 | ||
1,006,556 | ||||
Tobacco–0.05% | ||||
Altria Group, Inc., 4.40%, 02/14/2026 | 134,000 | 131,626 | ||
B.A.T Capital Corp. (United Kingdom), 3.22%, 09/06/2026 | 134,000 | 125,392 | ||
Vector Group Ltd., 5.75%, 02/01/2029(b) | 317,000 | 275,781 | ||
532,799 | ||||
Trading Companies & Distributors–0.12% | ||||
Air Lease Corp., 4.63%, 10/01/2028 | 90,000 | 85,455 | ||
BlueLinx Holdings, Inc., 6.00%, 11/15/2029(b) | 472,000 | 425,249 | ||
Fortress Transportation and Infrastructure Investors LLC, | ||||
6.50%, 10/01/2025(b) | 540,000 | 535,404 | ||
5.50%, 05/01/2028(b) | 381,000 | 352,674 | ||
1,398,782 | ||||
Transaction & Payment Processing Services–0.04% | ||||
Block, Inc., 2.75%, 06/01/2026 | 276,000 | 251,517 | ||
Global Payments, Inc., 2.15%, 01/15/2027 | 110,000 | 98,302 | ||
Western Union Co. (The), 1.35%, 03/15/2026 | 75,000 | 67,062 | ||
416,881 | ||||
Wireless Telecommunication Services–0.01% | ||||
Sprint Capital Corp., 6.88%, 11/15/2028 | 70,000 | 74,266 | ||
Total U.S. Dollar Denominated Bonds & Notes (Cost $439,200,346) | 409,645,244 | |||
Equity Linked Notes–22.54% | ||||
Diversified Banks–20.58% | ||||
Bank of Montreal (Consumer Discretionary Select Sector SPDR® Fund) (Canada), 17.23%, 08/24/2023(b) | 8,014,000 | 7,930,710 | ||
Bank of Montreal (Financial Select Sector SPDR® Fund) (Canada), 12.42%, 08/21/2023(b) | 9,240,000 | 9,438,402 | ||
Bank of Montreal (Health Care Select Sector SPDR® Fund) (Canada), 7.82%, 08/09/2023(b) | 10,299,000 | 10,398,533 | ||
Barclays Bank PLC (Materials Select Sector SPDR® Fund) (United Kingdom), 16.78%, 08/11/2023(b) | 5,757,000 | 5,941,420 | ||
Barclays Bank PLC (Technology Select Sector SPDR® Fund) (United Kingdom), 16.90%, 08/03/2023(b) | 13,417,000 | 13,858,059 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Principal Amount | Value | ||
Diversified Banks–(continued) | |||
BNP Paribas Issuance B.V. (Communication Services Select Sector SPDR® Fund) (France), 16.36%, 08/01/2023(b) | $10,609,000 | $10,989,515 | |
BNP Paribas Issuance B.V. (Consumer Discretionary Select Sector SPDR® Fund) (France), 16.61%, 08/07/2023(b) | 8,144,000 | 8,401,242 | |
BNP Paribas Issuance B.V. (Technology Select Sector SPDR® Fund) (France), | |||
16.38%, 08/14/2023(b) | 12,724,000 | 13,100,074 | |
16.60%, 08/17/2023(b) | 9,560,000 | 9,827,502 | |
Canadian Imperial Bank of Commerce (Technology Select Sector SPDR® Fund) (Canada), 16.25%, 09/06/2023(b) | 12,860,000 | 12,860,000 | |
Citigroup Global Markets Holdings, Inc. (Consumer Discretionary Select Sector SPDR® Fund), 19.52%, 08/16/2023(b) | 7,967,000 | 8,097,342 | |
Citigroup Global Markets Holdings, Inc. (Technology Select Sector SPDR® Fund), 15.86%, 08/23/2023(b) | 12,568,000 | 12,449,222 | |
Citigroup, Inc. (Industrial Select Sector SPDR® Fund), 12.32%, 08/10/2023(b) | 9,690,000 | 9,897,039 | |
HSBC Bank PLC (Consumer Staples Select Sector SPDR® Fund) (United Kingdom), Series DMW5, 8.75%, 08/15/2023(b) | 7,382,000 | 7,505,228 | |
HSBC Bank PLC (Utilities Select Sector SPDR® Fund) (United Kingdom), Series YD29, 13.42%, 08/11/2023(b) | 6,029,000 | 6,125,252 | |
HSBC Holdings PLC (Health Care Select Sector SPDR® Fund) (United Kingdom), 8.02%, 08/22/2023(b) | 9,639,000 | 9,801,405 | |
J.P. Morgan Structured Products B.V. (Energy Select Sector SPDR® Fund), Series MU1G, 15.98%, 08/18/2023(b) | 9,208,000 | 9,557,243 | |
J.P. Morgan Structured Products B.V. (Industrial Select Sector SPDR® Fund), | |||
Series MTNR, 0.00%, 08/02/2023 | 9,515,000 | 9,761,537 | |
Series MTN4, 11.23%, 09/05/2023(b) | 9,363,000 | 9,316,777 | |
J.P. Morgan Structured Products B.V. (iShares Dow Jones U.S. Real Estate Index), Series MU1H, 15.00%, 08/18/2023(b) | 5,311,000 | 5,246,695 | |
JPMorgan Chase & Co. (Financial Select Sector SPDR® Fund), 11.60%, 08/08/2023(b) | 9,697,000 | 9,979,141 | |
Royal Bank of Canada (Consumer Staples Select Sector SPDR® Fund) (Canada), 6.87%, 08/30/2023(b) | 7,364,000 | 7,330,124 |
Principal Amount | Value | |||
Diversified Banks–(continued) | ||||
Royal Bank of Canada (Financial Select Sector SPDR® Fund) (Canada), 12.34%, 08/25/2023(b) | $9,156,000 | $9,147,756 | ||
Royal Bank of Canada (Health Care Select Sector SPDR® Fund) (Canada), 9.04%, 08/28/2023(b) | 9,729,000 | 9,600,269 | ||
Toronto-Dominion Bank (The) (Technology Select Sector SPDR® Fund) (Canada), 15.95%, 08/31/2023 | 12,888,000 | 13,040,277 | ||
239,600,764 | ||||
Investment Banking & Brokerage–1.96% | ||||
Goldman Sachs AG (Communication Services Select Sector SPDR® Fund), 14.55%, 09/01/2023(b) | 9,577,000 | 9,789,654 | ||
Goldman Sachs Group, Inc. (The) (Technology Select Sector SPDR® Fund), 16.74%, 08/29/2023(b) | 12,899,000 | 13,043,293 | ||
22,832,947 | ||||
Total Equity Linked Notes (Cost $258,606,000) | 262,433,711 | |||
U.S. Treasury Securities–19.24% | ||||
U.S. Treasury Bills–0.12% | ||||
4.66% - 5.36%, 04/18/2024(j)(k) | 1,418,000 | 1,365,459 | ||
U.S. Treasury Bonds–16.56% | ||||
1.88%, 11/15/2051 | 301,300,000 | 192,890,847 | ||
U.S. Treasury Notes–2.56% | ||||
0.13%, 12/15/2023 | 1,150,000 | 1,128,188 | ||
0.75%, 12/31/2023 | 6,000,000 | 5,886,213 | ||
1.13%, 01/15/2025 | 9,650,000 | 9,104,549 | ||
0.38%, 12/31/2025 | 6,000,000 | 5,420,977 | ||
1.25%, 12/31/2026 | 8,100,000 | 7,301,707 | ||
2.63%, 05/31/2027 | 1,050,000 | 986,897 | ||
29,828,531 | ||||
Total U.S. Treasury Securities (Cost $279,284,353) | 224,084,837 | |||
Shares | ||||
Preferred Stocks–8.33% | ||||
Alternative Carriers–0.08% | ||||
Qwest Corp., 6.50%, Pfd. | 36,172 | 523,771 | ||
Qwest Corp., 6.75%, Pfd. | 24,423 | 360,483 | ||
884,254 | ||||
Apparel, Accessories & Luxury Goods–0.01% | ||||
Fossil Group, Inc., 7.00%, Pfd. | 5,551 | 99,363 | ||
Asset Management & Custody Banks–0.26% | ||||
Affiliated Managers Group, Inc., 5.88%, Pfd. | 11,229 | 261,187 | ||
Affiliated Managers Group, Inc., 4.75%, Pfd. | 10,835 | 200,448 | ||
Affiliated Managers Group, Inc., 4.20%, Pfd. | 6,513 | 110,395 | ||
Apollo Asset Management, Inc., 6.38%, Series A, Pfd. | 9,954 | 238,597 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Shares | Value | ||
Asset Management & Custody Banks–(continued) | |||
Apollo Asset Management, Inc., 6.38%, Series B, Pfd. | 10,859 | $269,846 | |
Northern Trust Corp., 4.70%, Series E, Pfd. | 14,802 | 330,825 | |
Oaktree Capital Group LLC, 6.63%, Series A, Pfd. | 6,832 | 154,403 | |
Oaktree Capital Group LLC, 6.55%, Series B, Pfd. | 9,507 | 209,915 | |
Prospect Capital Corp., 5.35%, Series A, Pfd. | 5,537 | 91,637 | |
State Street Corp., 5.35%, Series G, Pfd. | 18,502 | 428,321 | |
State Street Corp., 5.90%, Series D, Pfd. | 27,753 | 695,768 | |
2,991,342 | |||
Automobile Manufacturers–0.17% | |||
Ford Motor Co., 6.20%, Pfd. | 27,754 | 693,573 | |
Ford Motor Co., 6.00%, Pfd. | 29,604 | 720,265 | |
Ford Motor Co., 6.50%, Pfd. | 22,201 | 534,822 | |
1,948,660 | |||
Broadline Retail–0.04% | |||
Dillard’s Capital Trust I, 7.50%, Pfd. | 7,401 | 191,316 | |
QVC, Inc., 6.38%, Pfd. | 8,326 | 92,585 | |
QVC, Inc., 6.25%, Pfd. | 18,511 | 206,768 | |
490,669 | |||
Commercial & Residential Mortgage Finance–0.03% | |||
Merchants Bancorp, 6.00%, Series B, Pfd.(e) | 5,091 | 108,387 | |
Merchants Bancorp, 6.00%, Series C, Pfd. | 7,754 | 150,505 | |
Merchants Bancorp, 8.25%, Pfd.(e) | 4,496 | 112,580 | |
371,472 | |||
Consumer Finance–0.29% | |||
Capital One Financial Corp., 5.00%, Series I, Pfd.(c) | 54,093 | 1,069,419 | |
Capital One Financial Corp., 4.80%, Series J, Pfd. | 45,077 | 841,588 | |
Capital One Financial Corp., 4.63%, Series K, Pfd. | 6,480 | 120,787 | |
Capital One Financial Corp., 4.38%, Series L, Pfd. | 26,311 | 445,971 | |
Capital One Financial Corp., 4.25%, Series N, Pfd. | 15,325 | 255,161 | |
Navient Corp., 6.00%, Pfd. | 11,101 | 212,140 | |
Synchrony Financial, 5.63%, Series A, Pfd. | 27,753 | 478,462 | |
3,423,528 | |||
Data Center REITs–0.05% | |||
Digital Realty Trust, Inc., 5.25%, Series J, Pfd. | 7,545 | 166,745 | |
Digital Realty Trust, Inc., 5.85%, Series K, Pfd. | 7,675 | 179,518 | |
Digital Realty Trust, Inc., 5.20%, Series L, Pfd. | 12,728 | 277,216 | |
623,479 |
Shares | Value | ||
Diversified Banks–2.29% | |||
Bank of America Corp., 6.00%, Series GG, Pfd. | 49,802 | $1,238,078 | |
Bank of America Corp., 5.88%, Series HH, Pfd. | 31,357 | 763,856 | |
Bank of America Corp., 6.45%, Series K, Pfd.(e) | 38,734 | 978,808 | |
Bank of America Corp., 5.38%, Series KK, Pfd. | 51,406 | 1,171,543 | |
Bank of America Corp., 5.00%, Series LL, Pfd. | 48,141 | 1,037,920 | |
Bank of America Corp., 4.38%, Series NN, Pfd. | 40,377 | 764,337 | |
Bank of America Corp., 4.13%, Series PP, Pfd. | 33,607 | 605,262 | |
Bank of America Corp., 4.25%, Series QQ, Pfd. | 47,845 | 883,219 | |
Bank of America Corp., 4.75%, Series SS, Pfd. | 25,328 | 517,451 | |
Fifth Third Bancorp, 6.00%, Series A, Pfd. | 7,863 | 192,565 | |
Fifth Third Bancorp, 4.95%, Series K, Pfd. | 8,738 | 183,323 | |
First Citizens BancShares, Inc., 5.38%, Series A, Pfd. | 12,573 | 251,460 | |
First Citizens BancShares, Inc., 5.63%, Series C, Pfd. | 7,592 | 157,306 | |
JPMorgan Chase & Co., 5.75%, Series DD, Pfd. | 62,769 | 1,579,896 | |
JPMorgan Chase & Co., 6.00%, Series EE, Pfd. | 68,458 | 1,744,310 | |
JPMorgan Chase & Co., 4.75%, Series GG, Pfd. | 33,305 | 739,038 | |
JPMorgan Chase & Co., 4.55%, Series JJ, Pfd. | 55,506 | 1,137,318 | |
JPMorgan Chase & Co., 4.63%, Series LL, Pfd. | 68,458 | 1,429,403 | |
JPMorgan Chase & Co., 4.20%, Series MM, Pfd. | 74,009 | 1,461,678 | |
KeyCorp, 6.13%, Series E, Pfd.(e) | 18,502 | 416,850 | |
KeyCorp, 5.65%, Series F, Pfd. | 15,728 | 324,940 | |
KeyCorp, 5.63%, Series G, Pfd. | 16,652 | 361,515 | |
KeyCorp, 6.20%, Pfd.(e) | 22,202 | 477,121 | |
U.S. Bancorp, 5.50%, Series K, Pfd. | 21,278 | 480,244 | |
U.S. Bancorp, 3.75%, Series L, Pfd. | 18,500 | 296,740 | |
U.S. Bancorp, 4.00%, Series M, Pfd. | 27,754 | 472,928 | |
U.S. Bancorp, 4.50%, Series O, Pfd. | 16,653 | 322,069 | |
Wells Fargo & Co., 5.63%, Series Y, Pfd. | 25,533 | 593,642 | |
Wells Fargo & Co., 5.85%, Series Q, Pfd. | 63,833 | 1,607,315 | |
Wells Fargo & Co., 6.63%, Series R, Pfd.(c) | 31,084 | 788,290 | |
Wells Fargo & Co., 4.75%, Series Z, Pfd. | 74,472 | 1,422,415 | |
Wells Fargo & Co., 4.70%, Series AA, Pfd. | 43,295 | 806,586 | |
Wells Fargo & Co., 4.38%, Series CC, Pfd. | 38,855 | 695,116 | |
Wells Fargo & Co., 4.25%, Series DD, Pfd. | 46,256 | 806,705 | |
26,709,247 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Shares | Value | ||
Diversified Chemicals–0.01% | |||
EIDP, Inc., 4.50%, Series B, Pfd. | 1,548 | $119,088 | |
Diversified Financial Services–0.22% | |||
Brookfield BRP Holdings Canada, Inc., 4.63%, Pfd. | 12,529 | 198,710 | |
Brookfield BRP Holdings Canada, Inc., 4.88%, Pfd. | 9,289 | 158,378 | |
Carlyle Finance LLC, 4.63%, Pfd. | 18,502 | 333,961 | |
Equitable Holdings, Inc., 5.25%, Series A, Pfd. | 29,502 | 613,347 | |
Equitable Holdings, Inc., 4.30%, Series C, Pfd. | 11,226 | 185,678 | |
Jackson Financial, Inc., 8.00%, Pfd.(e) | 20,353 | 507,807 | |
KKR Group Finance Co. IX LLC, 4.63%, Pfd. | 18,502 | 336,921 | |
Voya Financial, Inc., 5.35%, Series B, Pfd.(e) | 11,101 | 251,216 | |
2,586,018 | |||
Diversified REITs–0.02% | |||
Global Net Lease, Inc., 7.25%, Series A, Pfd. | 7,267 | 160,600 | |
Global Net Lease, Inc., 6.88%, Series B, Pfd. | 3,282 | 67,150 | |
227,750 | |||
Electric Utilities–0.57% | |||
BIP Bermuda Holdings I Ltd., 5.13%, Pfd. | 10,301 | 179,134 | |
Brookfield Infrastructure Finance ULC, 5.00%, Pfd. | 8,851 | 158,521 | |
Duke Energy Corp., 5.63%, Pfd. | 18,503 | 465,720 | |
Duke Energy Corp., 5.75%, Series A, Pfd. | 37,004 | 933,981 | |
Entergy Arkansas LLC, 4.88%, Pfd. | 15,034 | 341,723 | |
Entergy Louisiana LLC, 4.88%, Pfd. | 8,833 | 197,771 | |
Entergy Mississippi LLC, 4.90%, Pfd. | 10,308 | 231,208 | |
Entergy New Orleans LLC, 5.50%, Pfd. | 4,648 | 111,366 | |
Georgia Power Co., 5.00%, Series 2017-A, Pfd. | 9,990 | 244,056 | |
National Rural Utilities Cooperative Finance Corp., 5.50%, Pfd. | 9,251 | 222,116 | |
NextEra Energy Capital Holdings, Inc., 5.65%, Series N, Pfd. | 25,441 | 645,947 | |
Pacific Gas and Electric Co., 6.00%, Series A, Pfd. | 3,896 | 83,920 | |
SCE Trust II, 5.10%, Pfd. | 8,141 | 166,972 | |
SCE Trust IV, 5.38%, Series J, Pfd.(e) | 12,026 | 245,090 | |
SCE Trust V, 5.45%, Series K, Pfd.(e) | 11,101 | 250,772 | |
SCE Trust VI, 5.00%, Pfd. | 17,578 | 347,869 | |
Southern Co. (The), 5.25%, Pfd. | 16,651 | 407,949 | |
Southern Co. (The), 4.95%, Series 2020, Pfd. | 37,005 | 819,661 | |
Southern Co. (The), 4.20%, Series C, Pfd. | 27,755 | 569,533 | |
6,623,309 | |||
Gas Utilities–0.03% | |||
South Jersey Industries, Inc., 5.63%, Pfd. | 4,788 | 62,555 | |
Spire, Inc., 5.90%, Series A, Pfd. | 9,251 | 224,429 | |
286,984 |
Shares | Value | ||
Integrated Telecommunication Services–0.33% | |||
AT&T, Inc., 5.35%, Pfd. | 48,938 | $1,085,934 | |
AT&T, Inc., 5.63%, Pfd. | 30,529 | 700,946 | |
AT&T, Inc., 5.00%, Series A, Pfd. | 44,406 | 869,470 | |
AT&T, Inc., 4.75%, Series C, Pfd. | 64,757 | 1,196,709 | |
3,853,059 | |||
Investment Banking & Brokerage–0.69% | |||
Brookfield Finance I (UK) PLC, 4.50%, Pfd. | 9,164 | 145,249 | |
Brookfield Finance, Inc., 4.63%, Series 50, Pfd. | 15,836 | 268,737 | |
Charles Schwab Corp. (The), 5.95%, Series D, Pfd.(c) | 27,753 | 702,984 | |
Charles Schwab Corp. (The), 4.45%, Series J, Pfd. | 22,203 | 437,843 | |
Morgan Stanley, 5.85%, Series K, Pfd. | 37,005 | 886,640 | |
Morgan Stanley, 7.13%, Series E, Pfd. | 31,916 | 804,602 | |
Morgan Stanley, 6.88%, Series F, Pfd. | 31,454 | 805,223 | |
Morgan Stanley, 6.38%, Series I, Pfd. | 37,005 | 925,865 | |
Morgan Stanley, 4.88%, Series L, Pfd. | 18,502 | 417,405 | |
Morgan Stanley, 4.25%, Series O, Pfd. | 48,106 | 912,090 | |
Morgan Stanley, 6.50%, Series P, Pfd.(c) | 37,005 | 963,980 | |
Stifel Financial Corp., 5.20%, Pfd. | 7,545 | 162,519 | |
Stifel Financial Corp., 6.25%, Series B, Pfd. | 5,993 | 140,056 | |
Stifel Financial Corp., 6.13%, Series C, Pfd. | 9,229 | 223,619 | |
Stifel Financial Corp., 4.50%, Series D, Pfd. | 10,741 | 174,756 | |
7,971,568 | |||
Leisure Products–0.04% | |||
Brunswick Corp., 6.50%, Pfd. | 6,765 | 169,260 | |
Brunswick Corp., 6.63%, Pfd. | 3,953 | 100,011 | |
Brunswick Corp., 6.38%, Pfd. | 9,294 | 231,421 | |
500,692 | |||
Life & Health Insurance–0.77% | |||
AEGON Funding Co. LLC, 5.10%, Pfd. | 34,229 | 726,339 | |
American Equity Investment Life Holding Co., 5.95%, Series A, Pfd.(e) | 14,691 | 308,952 | |
American Equity Investment Life Holding Co., 6.63%, Series B, Pfd.(e) | 11,204 | 259,933 | |
Athene Holding Ltd., 6.35%, Series A, Pfd.(e) | 32,416 | 693,378 | |
Athene Holding Ltd., 5.63%, Series B, Pfd. | 14,465 | 288,866 | |
Athene Holding Ltd., 6.38%, Series C, Pfd.(e) | 21,720 | 514,547 | |
Athene Holding Ltd., 4.88%, Series D, Pfd. | 20,815 | 348,651 | |
Athene Holding Ltd., 7.75%, Series E, Pfd.(e) | 18,133 | 450,968 | |
Brighthouse Financial, Inc., 6.25%, Pfd. | 13,801 | 334,260 | |
Brighthouse Financial, Inc., 6.60%, Series A, Pfd. | 15,641 | 356,771 | |
Brighthouse Financial, Inc., 6.75%, Series B, Pfd. | 14,812 | 361,265 | |
Brighthouse Financial, Inc., 5.38%, Series C, Pfd. | 21,162 | 397,422 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Shares | Value | ||
Life & Health Insurance–(continued) | |||
Brighthouse Financial, Inc., 4.63%, Series D, Pfd. | 13,466 | $209,935 | |
CNO Financial Group, Inc., 5.13%, Pfd. | 5,839 | 94,884 | |
Globe Life, Inc., 4.25%, Pfd. | 12,026 | 236,311 | |
Lincoln National Corp., 9.00%, Series D, Pfd.(c) | 18,502 | 503,254 | |
MetLife, Inc., 5.63%, Series E, Pfd. | 29,788 | 715,806 | |
MetLife, Inc., 4.75%, Series F, Pfd. | 37,005 | 780,065 | |
Prudential Financial, Inc., 5.63%, Pfd. | 21,454 | 523,478 | |
Prudential Financial, Inc., 4.13%, Pfd. | 19,133 | 383,756 | |
Prudential Financial, Inc., 5.95%, Pfd. | 10,055 | 257,408 | |
Unum Group, 6.25%, Pfd. | 11,101 | 267,090 | |
9,013,339 | |||
Multi-line Insurance–0.08% | |||
American International Group, Inc., 5.85%, Series A, Pfd. | 18,502 | 457,739 | |
Assurant, Inc., 5.25%, Pfd. | 9,251 | 177,064 | |
Hartford Financial Services Group, Inc. (The), 6.00%, Series G, Pfd. | 12,767 | 315,856 | |
950,659 | |||
Multi-Utilities–0.24% | |||
Algonquin Power & Utilities Corp., 6.20%, Series 19-A, Pfd.(e) | 12,952 | 300,486 | |
Brookfield Infrastructure Partners L.P., 5.13%, Series 13, Pfd. | 8,567 | 150,864 | |
Brookfield Infrastructure Partners L.P., 5.00%, Series 14, Pfd. | 7,207 | 122,159 | |
CMS Energy Corp., 5.63%, Pfd. | 7,870 | 193,995 | |
CMS Energy Corp., 5.88%, Pfd.(l) | 10,299 | 248,721 | |
CMS Energy Corp., 5.88%, Pfd.(l) | 22,272 | 545,219 | |
CMS Energy Corp., 4.20%, Series C, Pfd. | 9,350 | 174,751 | |
DTE Energy Co., 4.38%, Series G, Pfd. | 7,228 | 154,607 | |
DTE Energy Co., 4.38%, Pfd. | 12,270 | 258,406 | |
Sempra, 5.75%, Pfd. | 28,031 | 682,555 | |
2,831,763 | |||
Office REITs–0.09% | |||
Hudson Pacific Properties, Inc., 4.75%, Series C, Pfd. | 15,727 | 185,893 | |
Office Properties Income Trust, 6.38%, Pfd. | 5,995 | 80,393 | |
SL Green Realty Corp., 6.50%, Series I, Pfd. | 8,507 | 159,506 | |
Vornado Realty Trust, 5.40%, Series L, Pfd. | 10,816 | 168,730 | |
Vornado Realty Trust, 5.25%, Series M, Pfd. | 12,251 | 183,275 | |
Vornado Realty Trust, 5.25%, Series N, Pfd. | 11,454 | 170,321 | |
Vornado Realty Trust, 4.45%, Series O, Pfd. | 10,573 | 143,793 | |
1,091,911 | |||
Office Services & Supplies–0.02% | |||
Pitney Bowes, Inc., 6.70%, Pfd. | 15,727 | 281,985 | |
Other Specialized REITs–0.01% | |||
EPR Properties, 5.75%, Series G, Pfd. | 3,150 | 61,393 |
Shares | Value | ||
Property & Casualty Insurance–0.44% | |||
Allstate Corp. (The), 5.10%, Series H, Pfd. | 42,555 | $916,209 | |
Allstate Corp. (The), 4.75%, Series I, Pfd. | 11,101 | 225,017 | |
Allstate Corp. (The), 7.38%, Series J, Pfd. | 22,203 | 595,929 | |
American Financial Group, Inc., 5.88%, Pfd. | 4,383 | 108,172 | |
American Financial Group, Inc., 5.13%, Pfd. | 7,763 | 162,713 | |
American Financial Group, Inc., 5.63%, Pfd. | 4,664 | 107,947 | |
American Financial Group, Inc., 4.50%, Pfd. | 8,445 | 154,037 | |
Arch Capital Group Ltd., 5.45%, Series F, Pfd. | 12,212 | 279,044 | |
Arch Capital Group Ltd., 4.55%, Series G, Pfd. | 18,502 | 360,234 | |
Argo Group International Holdings Ltd., 7.00%, Pfd.(e) | 5,399 | 123,259 | |
Argo Group U.S., Inc., 6.50%, Pfd. | 5,462 | 124,752 | |
Aspen Insurance Holdings Ltd., 5.63%, Pfd. | 9,050 | 174,484 | |
Aspen Insurance Holdings Ltd., 5.63%, Pfd. | 9,135 | 167,262 | |
AXIS Capital Holdings Ltd., 5.50%, Series E, Pfd. | 20,353 | 415,812 | |
Kemper Corp., 5.88%, Pfd.(e) | 5,551 | 98,419 | |
PartnerRe Ltd., 4.88%, Series J, Pfd. | 7,401 | 139,879 | |
Selective Insurance Group, Inc., 4.60%, Series B, Pfd. | 7,401 | 129,369 | |
W.R. Berkley Corp., 5.70%, Pfd. | 6,847 | 160,973 | |
W.R. Berkley Corp., 5.10%, Pfd. | 11,101 | 239,116 | |
W.R. Berkley Corp., 4.25%, Pfd. | 9,250 | 184,815 | |
W.R. Berkley Corp., 4.13%, Pfd. | 11,101 | 200,706 | |
5,068,148 | |||
Real Estate Operating Companies–0.07% | |||
Brookfield Property Partners L.P., 6.50%, Series A-1, Pfd. | 7,026 | 107,849 | |
Brookfield Property Partners L.P., 6.38%, Series A-2, Pfd. | 8,746 | 127,867 | |
Brookfield Property Partners L.P., 5.75%, Series A, Pfd. | 10,390 | 140,525 | |
Brookfield Property Preferred L.P., 6.25%, Pfd. | 24,113 | 391,836 | |
768,077 | |||
Regional Banks–0.65% | |||
Associated Banc-Corp, 5.88%, Series E, Pfd. | 3,597 | 67,552 | |
Associated Banc-Corp, 5.63%, Series F, Pfd. | 3,597 | 63,667 | |
Associated Banc-Corp, 6.63%, Pfd.(e) | 11,269 | 251,975 | |
Bank of Hawaii Corp., 4.38%, Series A, Pfd. | 6,661 | 106,909 | |
Bank OZK, 4.63%, Series A, Pfd. | 12,952 | 205,548 | |
Cadence Bank, 5.50%, Series A, Pfd. | 6,383 | 120,383 | |
Citizens Financial Group, Inc., 5.00%, Series E, Pfd. | 16,652 | 311,725 | |
Cullen/Frost Bankers, Inc., 4.45%, Series B, Pfd. | 5,551 | 104,137 | |
First Horizon Corp., 6.50%, Pfd. | 5,551 | 121,567 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Shares | Value | ||
Regional Banks–(continued) | |||
First Horizon Corp., 4.70%, Series F, Pfd. | 5,551 | $90,481 | |
Fulton Financial Corp., 5.13%, Series A, Pfd. | 7,401 | 122,894 | |
Hancock Whitney Corp., 6.25%, Pfd. | 6,383 | 151,511 | |
Huntington Bancshares, Inc., 4.50%, Series H, Pfd. | 17,894 | 323,881 | |
Huntington Bancshares, Inc., 5.70%, Series C, Pfd. | 6,506 | 135,585 | |
Huntington Bancshares, Inc., 6.88%, Series J, Pfd.(e) | 12,453 | 298,623 | |
M&T Bank Corp., 5.63%, Series H, Pfd.(e) | 9,251 | 220,174 | |
New York Community Bancorp, Inc., 6.38%, Series A, Pfd.(e) | 19,057 | 445,362 | |
Old National Bancorp, 7.00%, Series C, Pfd. | 4,507 | 117,452 | |
Old National Bancorp, 7.00%, Series A, Pfd. | 4,024 | 99,192 | |
PacWest Bancorp, 7.75%, Series A, Pfd.(c)(e) | 18,993 | 393,725 | |
Popular Capital Trust II, 6.13%, Pfd. | 3,877 | 97,313 | |
Regions Financial Corp., 6.38%, Series B, Pfd.(e) | 18,094 | 438,056 | |
Regions Financial Corp., 5.70%, Series C, Pfd.(e) | 18,971 | 412,619 | |
Regions Financial Corp., 4.45%, Series E, Pfd. | 14,787 | 253,597 | |
Synovus Financial Corp., 5.88%, Series E, Pfd.(e) | 12,952 | 273,287 | |
Texas Capital Bancshares, Inc., 5.75%, Series B, Pfd. | 11,101 | 213,805 | |
Truist Financial Corp., 5.25%, Series O, Pfd. | 21,277 | 479,158 | |
Truist Financial Corp., 4.75%, Series R, Pfd. | 34,230 | 684,600 | |
Valley National Bancorp, 6.25%, Series A, Pfd.(e) | 4,256 | 87,503 | |
Washington Federal, Inc., 4.88%, Series A, Pfd. | 11,101 | 172,510 | |
Webster Financial Corp., 5.25%, Series F, Pfd. | 5,551 | 102,694 | |
Western Alliance Bancorporation, 4.25%, Series A, Pfd.(e) | 11,101 | 177,616 | |
Wintrust Financial Corp., 6.50%, Series D, Pfd.(e) | 5,219 | 119,776 | |
Wintrust Financial Corp., 6.88%, Series E, Pfd.(e) | 10,066 | 238,564 | |
7,503,441 | |||
Reinsurance–0.19% | |||
Enstar Group Ltd., 7.00%, Series D, Pfd.(e) | 14,746 | 350,955 | |
Enstar Group Ltd., 7.00%, Series E, Pfd. | 4,123 | 101,673 | |
Reinsurance Group of America, Inc., 5.75%, Pfd.(e) | 15,147 | 379,887 | |
Reinsurance Group of America, Inc., 7.13%, Pfd.(e) | 25,563 | 657,991 | |
RenaissanceRe Holdings Ltd., 5.75%, Series F, Pfd. | 9,253 | 214,022 | |
RenaissanceRe Holdings Ltd., 4.20%, Series G, Pfd. | 18,500 | 333,925 |
Shares | Value | ||
Reinsurance–(continued) | |||
SiriusPoint Ltd., 8.00%, Series B, Pfd.(e) | 7,401 | $184,877 | |
2,223,330 | |||
Renewable Electricity–0.01% | |||
Brookfield Renewable Partners L.P., 5.25%, Series 17, Pfd. | 6,658 | 137,554 | |
Retail REITs–0.08% | |||
Agree Realty Corp., 4.25%, Series A, Pfd. | 6,476 | 116,148 | |
Federal Realty Investment Trust, 5.00%, Series C, Pfd. | 3,150 | 70,056 | |
Kimco Realty Corp., 5.13%, Series L, Pfd. | 7,176 | 165,263 | |
Kimco Realty Corp., 5.25%, Series M, Pfd. | 10,705 | 255,743 | |
SITE Centers Corp., 6.38%, Series A, Pfd. | 6,476 | 156,590 | |
Spirit Realty Capital, Inc., 6.00%, Series A, Pfd. | 6,383 | 145,532 | |
909,332 | |||
Self-Storage REITs–0.29% | |||
Public Storage, 5.15%, Series F, Pfd. | 10,512 | 259,016 | |
Public Storage, 5.05%, Series G, Pfd. | 11,264 | 276,756 | |
Public Storage, 5.60%, Series H, Pfd. | 10,699 | 271,113 | |
Public Storage, 4.88%, Series I, Pfd. | 11,874 | 277,139 | |
Public Storage, 4.70%, Series J, Pfd. | 11,447 | 255,612 | |
Public Storage, 4.75%, Series K, Pfd. | 8,633 | 190,271 | |
Public Storage, 4.63%, Series L, Pfd. | 21,213 | 467,535 | |
Public Storage, 4.13%, Series M, Pfd. | 8,633 | 169,638 | |
Public Storage, 3.88%, Series N, Pfd. | 10,606 | 191,544 | |
Public Storage, 3.90%, Series O, Pfd. | 6,383 | 118,085 | |
Public Storage, 4.00%, Series P, Pfd. | 22,669 | 430,258 | |
Public Storage, 3.95%, Series Q, Pfd. | 5,395 | 99,376 | |
Public Storage, 4.00%, Series R, Pfd. | 16,331 | 302,940 | |
Public Storage, 4.10%, Series S, Pfd. | 4,799 | 92,381 | |
3,401,664 | |||
Single-Family Residential REITs–0.02% | |||
American Homes 4 Rent, 5.88%, Series G, Pfd. | 4,645 | 107,439 | |
American Homes 4 Rent, 6.25%, Series H, Pfd. | 3,877 | 91,691 | |
199,130 | |||
Trading Companies & Distributors–0.12% | |||
FTAI Aviation Ltd., 8.25%, Series A, Pfd.(e) | 4,251 | 101,641 | |
FTAI Aviation Ltd., 8.00%, Series B, Pfd.(e) | 4,383 | 107,208 | |
FTAI Aviation Ltd., 8.25%, Series C, Pfd.(e) | 3,695 | 91,193 | |
Triton International Ltd., 8.00%, Pfd. | 5,319 | 128,454 | |
Triton International Ltd., 7.38%, Pfd. | 6,476 | 150,567 | |
Triton International Ltd., 6.88%, Pfd. | 5,551 | 128,728 | |
Triton International Ltd., 5.75%, Series E, Pfd. | 6,476 | 121,619 | |
WESCO International, Inc., 10.63%, Series A, Pfd.(e) | 19,921 | 540,258 | |
1,369,668 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Shares | Value | ||
Wireless Telecommunication Services–0.12% | |||
Telephone and Data Systems, Inc., 6.63%, Series UU, Pfd. | 15,541 | $239,642 | |
Telephone and Data Systems, Inc., 6.00%, Series VV, Pfd. | 25,536 | 355,461 | |
United States Cellular Corp., 6.25%, Pfd.(c) | 18,501 | 303,231 | |
United States Cellular Corp., 5.50%, Pfd. | 18,501 | 266,970 | |
United States Cellular Corp., 5.50%, Pfd. | 18,501 | 266,415 | |
1,431,719 | |||
Total Preferred Stocks (Cost $101,597,648) | 96,953,595 | ||
Principal Amount | |||
Non-U.S. Dollar Denominated Bonds & Notes–0.78%(m) | |||
Aerospace & Defense–0.01% | |||
Thales S.A. (France), 0.75%, 01/23/2025(b) | EUR | 100,000 | 104,805 |
Agricultural Products & Services–0.01% | |||
Archer-Daniels-Midland Co., 1.00%, 09/12/2025 | EUR | 125,000 | 129,576 |
Apparel, Accessories & Luxury Goods–0.01% | |||
PVH Corp., 3.13%, 12/15/2027(b) | EUR | 100,000 | 104,421 |
Automobile Manufacturers–0.05% | |||
BMW Finance N.V. (Germany), 1.00%, 01/21/2025(b) | EUR | 150,000 | 158,985 |
Nissan Motor Co. Ltd. (Japan), 2.65%, 03/17/2026(b) | EUR | 100,000 | 104,246 |
Volkswagen Financial Services AG (Germany), | |||
0.13%, 02/12/2027(b) | EUR | 90,000 | 86,645 |
2.25%, 10/01/2027(b) | EUR | 49,000 | 50,964 |
Volkswagen Leasing GmbH (Germany), | |||
1.50%, 06/19/2026(b) | EUR | 100,000 | 102,348 |
0.38%, 07/20/2026(b) | EUR | 85,000 | 83,750 |
586,938 | |||
Brewers–0.02% | |||
Anheuser-Busch InBev S.A./N.V. (Belgium), 2.88%, 09/25/2024(b) | EUR | 175,000 | 190,786 |
Broadcasting–0.02% | |||
ITV PLC (United Kingdom), 1.38%, 09/26/2026(b) | EUR | 125,000 | 126,203 |
TDF Infrastructure S.A.S.U. (France), 2.50%, 04/07/2026(b) | EUR | 100,000 | 104,508 |
230,711 | |||
Cable & Satellite–0.01% | |||
SES S.A. (Luxembourg), 1.63%, 03/22/2026(b) | EUR | 120,000 | 124,267 |
Principal Amount | Value | ||
Casinos & Gaming–0.02% | |||
Codere Finance 2 (Luxembourg) S.A. (Spain), 3.00% PIK Rate, 8.00% Cash Rate , 09/30/2026 (Acquired 07/24/2020-09/30/2022; Cost $251,063)(b)(d)(f) | EUR | 216,503 | $199,958 |
Commercial & Residential Mortgage Finance–0.01% | |||
Aareal Bank AG (Germany), 0.50%, 04/07/2027(b) | EUR | 100,000 | 89,050 |
Construction Materials–0.00% | |||
Heidelberg Materials Finance Luxembourg S.A. (Germany), 1.63%, 04/07/2026(b) | EUR | 60,000 | 62,629 |
Diversified Banks–0.22% | |||
Banco Bilbao Vizcaya Argentaria S.A. (Spain), 0.38%, 10/02/2024(b) | EUR | 200,000 | 210,838 |
Banco Santander S.A. (Spain), | |||
3.13%, 01/19/2027(b) | EUR | 100,000 | 106,283 |
0.50%, 02/04/2027(b) | EUR | 100,000 | 97,351 |
Bankinter S.A. (Spain), 0.88%, 07/08/2026(b) | EUR | 100,000 | 100,033 |
Banque Federative du Credit Mutuel S.A. (France), | |||
2.13%, 09/12/2026(b) | EUR | 100,000 | 104,173 |
0.63%, 11/19/2027(b) | EUR | 100,000 | 94,885 |
Belfius Bank S.A. (Belgium), 0.01%, 10/15/2025(b) | EUR | 200,000 | 202,219 |
BNP Paribas S.A. (France), | |||
1.50%, 11/17/2025(b) | EUR | 100,000 | 104,841 |
2.88%, 10/01/2026(b) | EUR | 100,000 | 106,131 |
0.25%, 04/13/2027(b)(e) | EUR | 100,000 | 98,588 |
BPCE S.A. (France), 0.63%, 09/26/2024(b) | EUR | 200,000 | 211,605 |
Credit Agricole S.A. (France), | |||
1.00%, 09/16/2024(b) | EUR | 100,000 | 106,391 |
1.38%, 03/13/2025(b) | EUR | 100,000 | 105,451 |
0.38%, 10/21/2025(b) | EUR | 100,000 | 102,426 |
de Volksbank N.V. (Netherlands), 0.01%, 09/16/2024(b) | EUR | 100,000 | 105,111 |
ING Groep N.V. (Netherlands), 1.13%, 02/14/2025(b) | EUR | 100,000 | 105,400 |
Mediobanca Banca di Credito Finanziario S.p.A. (Italy), 0.88%, 01/15/2026(b) | EUR | 100,000 | 102,508 |
Mizuho Financial Group, Inc. (Japan), 4.16%, 05/20/2028(b) | EUR | 100,000 | 109,974 |
NatWest Group PLC (United Kingdom), 4.07%, 09/06/2028(b)(e) | EUR | 100,000 | 108,171 |
Nordea Bank Abp (Finland), 1.13%, 02/12/2025(b) | EUR | 100,000 | 105,363 |
Standard Chartered PLC (United Kingdom), 0.90%, 07/02/2027(b)(e) | EUR | 100,000 | 99,532 |
Swedbank AB (Sweden), 0.30%, 05/20/2027(b)(e) | EUR | 100,000 | 98,101 |
2,585,375 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Principal Amount | Value | ||
Diversified Capital Markets–0.04% | |||
Deutsche Bank AG (Germany), | |||
2.63%, 02/12/2026(b) | EUR | 100,000 | $105,484 |
0.75%, 02/17/2027(b)(e) | EUR | 100,000 | 99,729 |
Macquarie Group Ltd. (Australia), 0.63%, 02/03/2027(b) | EUR | 100,000 | 97,235 |
UBS Group AG (Switzerland), 0.25%, 11/05/2028(b)(e) | EUR | 200,000 | 182,915 |
485,363 | |||
Diversified Chemicals–0.02% | |||
BASF SE (Germany), | |||
0.25%, 06/05/2027(b) | EUR | 100,000 | 97,304 |
3.13%, 06/29/2028(b) | EUR | 100,000 | 108,033 |
205,337 | |||
Diversified Financial Services–0.04% | |||
Clearstream Banking AG (Germany), 0.00%, 12/01/2025(b) | EUR | 100,000 | 100,746 |
LeasePlan Corp. N.V. (Netherlands), 3.50%, 04/09/2025(b) | EUR | 200,000 | 217,484 |
Mercedes-Benz International Finance B.V. (Germany), 2.00%, 08/22/2026(b) | EUR | 45,000 | 47,467 |
OP Corporate Bank PLC (Finland), 0.60%, 01/18/2027 | EUR | 100,000 | 97,449 |
463,146 | |||
Electric Utilities–0.03% | |||
AusNet Services Holdings Pty. Ltd. (Australia), 1.50%, 02/26/2027(b) | EUR | 100,000 | 100,577 |
EDP Finance B.V. (Portugal), 1.50%, 11/22/2027(b) | EUR | 100,000 | 100,624 |
Elenia Verkko OYJ (Finland), 0.38%, 02/06/2027(b) | EUR | 140,000 | 135,788 |
336,989 | |||
Food Retail–0.01% | |||
ELO SACA (France), 2.88%, 01/29/2026(b) | EUR | 100,000 | 106,095 |
Gas Utilities–0.01% | |||
2i Rete Gas S.p.A. (Italy), 1.75%, 08/28/2026(b) | EUR | 100,000 | 103,017 |
Health Care Equipment–0.01% | |||
Zimmer Biomet Holdings, Inc., 2.43%, 12/13/2026 | EUR | 100,000 | 104,839 |
Health Care Services–0.00% | |||
Fresenius Medical Care AG & Co. KGaA (Germany), 0.63%, 11/30/2026(b) | EUR | 30,000 | 29,765 |
Household Appliances–0.01% | |||
Whirlpool Finance Luxembourg S.a.r.l., 1.10%, 11/09/2027 | EUR | 100,000 | 98,137 |
Household Products–0.01% | |||
Procter & Gamble Co. (The), 4.88%, 05/11/2027 | EUR | 75,000 | 86,988 |
Principal Amount | Value | ||
Industrial Machinery & Supplies & Components–0.01% | |||
SKF AB (Sweden), 3.13%, 09/14/2028(b) | EUR | 100,000 | $106,167 |
Integrated Oil & Gas–0.02% | |||
Eni S.p.A. (Italy), 1.00%, 03/14/2025(b) | EUR | 130,000 | 136,443 |
Shell International Finance B.V. (Netherlands), 0.38%, 02/15/2025(b) | EUR | 160,000 | 167,022 |
303,465 | |||
Investment Banking & Brokerage–0.00% | |||
Goldman Sachs Group, Inc. (The), 0.25%, 01/26/2028(b) | EUR | 72,000 | 66,960 |
IT Consulting & Other Services–0.02% | |||
DXC Technology Co., 1.75%, 01/15/2026 | EUR | 100,000 | 102,703 |
International Business Machines Corp., 1.25%, 01/29/2027 | EUR | 100,000 | 101,409 |
204,112 | |||
Multi-line Insurance–0.02% | |||
Cloverie PLC for Zurich Insurance Co. Ltd. (Switzerland), 1.75%, 09/16/2024(b) | EUR | 100,000 | 107,321 |
New York Life Global Funding, 0.25%, 01/23/2027(b) | EUR | 100,000 | 97,888 |
205,209 | |||
Multi-Sector Holdings–0.02% | |||
Berkshire Hathaway, Inc., 1.13%, 03/16/2027 | EUR | 100,000 | 100,509 |
Groupe Bruxelles Lambert N.V. (Belgium), 1.88%, 06/19/2025(b) | EUR | 100,000 | 105,685 |
206,194 | |||
Office REITs–0.01% | |||
Globalworth Real Estate Investments Ltd. (Poland), 2.95%, 07/29/2026(b) | EUR | 100,000 | 83,424 |
Inmobiliaria Colonial SOCIMI S.A. (Spain), 1.63%, 11/28/2025(b) | EUR | 100,000 | 104,181 |
187,605 | |||
Oil & Gas Exploration & Production–0.01% | |||
APA Infrastructure Ltd. (Australia), 2.00%, 03/22/2027(b) | EUR | 100,000 | 101,729 |
Passenger Airlines–0.01% | |||
easyJet FinCo B.V. (United Kingdom), 1.88%, 03/03/2028(b) | EUR | 100,000 | 97,547 |
Pharmaceuticals–0.02% | |||
Bayer AG (Germany), 0.38%, 07/06/2024(b) | EUR | 100,000 | 106,253 |
Novartis Finance S.A. (Switzerland), 1.63%, 11/09/2026(b) | EUR | 100,000 | 103,821 |
210,074 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Principal Amount | Value | ||
Precious Metals & Minerals–0.01% | |||
Anglo American Capital PLC (South Africa), 1.63%, 03/11/2026(b) | EUR | 100,000 | $103,735 |
Rail Transportation–0.01% | |||
Autostrade Per L’Italia S.p.A. (Italy), 2.00%, 12/04/2028(b) | EUR | 100,000 | 97,244 |
Regional Banks–0.01% | |||
Credit Mutuel Arkea S.A. (France), 0.38%, 10/03/2028(b) | EUR | 100,000 | 92,754 |
SpareBank 1 SMN (Norway), 0.01%, 02/18/2028(b) | EUR | 100,000 | 91,738 |
184,492 | |||
Renewable Electricity–0.01% | |||
Southern Power Co., 1.85%, 06/20/2026 | EUR | 100,000 | 103,731 |
Restaurants–0.01% | |||
Sodexo S.A. (France), 0.75%, 04/27/2025(b) | EUR | 150,000 | 156,353 |
Telecom Tower REITs–0.01% | |||
American Tower Corp., 1.95%, 05/22/2026 | EUR | 100,000 | 103,217 |
Tobacco–0.01% | |||
Imperial Brands Finance PLC (United Kingdom), 3.38%, 02/26/2026(b) | EUR | 100,000 | 107,124 |
Transaction & Payment Processing Services–0.01% | |||
Euronet Worldwide, Inc., 1.38%, 05/22/2026 | EUR | 100,000 | 100,652 |
Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $9,678,720) | 9,073,802 | ||
Asset-Backed Securities–0.00% | |||
Banc of America Funding Trust, Series 2007-1, Class 1A3, 6.00%, 01/25/2037 | $48,305 | 39,584 |
Principal Amount | Value | ||
GMACM Home Equity Loan Trust, Series 2007-HE2, Class A2, 6.05%, 12/25/2037(n) | $1,359 | $1,361 | |
Total Asset-Backed Securities (Cost $45,234) | 40,945 | ||
U.S. Government Sponsored Agency Mortgage-Backed Securities–0.00% | |||
Fannie Mae REMICs, IO, 4.65% (9.80% - (30 Day Average SOFR + 0.11%)), 03/17/2031 (Cost $0)(o)(p) | 11 | 0 | |
Shares | |||
Money Market Funds–16.48% | |||
Invesco Government & Agency Portfolio, Institutional Class, 5.18%(q)(r) | 67,154,373 | 67,154,373 | |
Invesco Liquid Assets Portfolio, Institutional Class, 5.28%(q)(r) | 47,963,472 | 47,968,268 | |
Invesco Treasury Portfolio, Institutional Class, 5.18%(q)(r) | 76,747,854 | 76,747,854 | |
Total Money Market Funds (Cost $191,870,117) | 191,870,495 | ||
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-102.55% (Cost $1,280,282,418) | 1,194,102,629 | ||
Investments Purchased with Cash Collateral from Securities on Loan | |||
Money Market Funds–3.73% | |||
Invesco Private Government Fund, 5.24%(q)(r)(s) | 12,177,255 | 12,177,255 | |
Invesco Private Prime Fund, 5.38%(q)(r)(s) | 31,312,941 | 31,312,941 | |
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $43,488,588) | 43,490,196 | ||
TOTAL INVESTMENTS IN SECURITIES–106.28% (Cost $1,323,771,006) | 1,237,592,825 | ||
OTHER ASSETS LESS LIABILITIES—(6.28)% | (73,164,130) | ||
NET ASSETS–100.00% | $1,164,428,695 |
Investment Abbreviations:
EUR | – Euro |
IO | – Interest Only |
Pfd. | – Preferred |
PIK | – Pay-in-Kind |
REIT | – Real Estate Investment Trust |
REMICs | – Real Estate Mortgage Investment Conduits |
SOFR | – Secured Overnight Financing Rate |
SPDR® | – Standard & Poor’s Depositary Receipt |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset 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 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 July 31, 2023 was $510,437,896, which represented 43.84% of the Fund’s Net Assets. |
(c) | All or a portion of this security was out on loan at July 31, 2023. |
(d) | All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest income in the form of securities. |
(e) | Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate. |
(f) | Restricted security. The aggregate value of these securities at July 31, 2023 was $687,857, which represented less than 1% of the Fund’s Net Assets. |
(g) | Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at July 31, 2023 was $2,470,024, which represented less than 1% of the Fund’s Net Assets. |
(h) | Security valued using significant unobservable inputs (Level 3). See Note 1. |
(i) | Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date. |
(j) | All or a portion of the value was pledged as collateral to cover margin requirements for open futures contracts. |
(k) | Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund. |
(l) | The Fund holds securities which have been issued by the same entity and that trade on separate exchanges. |
(m) | Foreign denominated security. Principal amount is denominated in the currency indicated. |
(n) | Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on July 31, 2023. |
(o) | Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security. |
(p) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on July 31, 2023. |
(q) | 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 nine months ended July 31, 2023. |
Value October 31, 2022 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value July 31, 2023 | Dividend Income | |
Investments in Affiliated Money Market Funds: | |||||||
Invesco Government & Agency Portfolio, Institutional Class | $71,909,306 | $205,706,857 | $(210,461,790) | $- | $- | $67,154,373 | $2,306,649 |
Invesco Liquid Assets Portfolio, Institutional Class | 51,368,964 | 146,933,470 | (150,329,850) | (4,695) | 379 | 47,968,268 | 1,694,146 |
Invesco Treasury Portfolio, Institutional Class | 82,182,063 | 235,093,551 | (240,527,760) | - | - | 76,747,854 | 2,632,255 |
Investments Purchased with Cash Collateral from Securities on Loan: | |||||||
Invesco Private Government Fund | 11,815,323 | 49,425,145 | (49,063,213) | - | - | 12,177,255 | 359,970* |
Invesco Private Prime Fund | 30,374,276 | 105,110,450 | (104,171,400) | 1,711 | (2,096) | 31,312,941 | 978,364* |
Total | $247,649,932 | $742,269,473 | $(754,554,013) | $(2,984) | $(1,717) | $235,360,691 | $7,971,384 |
* | Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any. |
(r) | The rate shown is the 7-day SEC standardized yield as of July 31, 2023. |
(s) | The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned. |
Open Futures Contracts(a) | |||||
Long Futures Contracts | Number of Contracts | Expiration Month | Notional Value | Value | Unrealized Appreciation (Depreciation) |
Equity Risk | |||||
E-Mini Russell 2000 Index | 75 | September-2023 | $7,551,000 | $443,836 | $443,836 |
E-Mini S&P 500 Index | 34 | September-2023 | 7,844,650 | 383,959 | 383,959 |
EURO STOXX 50 Index | 320 | September-2023 | 15,818,732 | 499,833 | 499,833 |
FTSE 100 Index | 110 | September-2023 | 10,854,441 | 128,298 | 128,298 |
MSCI Emerging Markets Index | 70 | September-2023 | 3,690,050 | 180,022 | 180,022 |
Tokyo Stock Price Index | 219 | September-2023 | 35,821,390 | 2,023,824 | 2,023,824 |
Subtotal | 3,659,772 | 3,659,772 |
See accompanying notes which are an integral part of this schedule.
Invesco Multi-Asset Income Fund
Open Futures Contracts(a)—(continued) | |||||
Long Futures Contracts | Number of Contracts | Expiration Month | Notional Value | Value | Unrealized Appreciation (Depreciation) |
Interest Rate Risk | |||||
U.S. Treasury 5 Year Notes | 80 | September-2023 | $8,545,625 | $(95,016) | $(95,016) |
U.S. Treasury 10 Year Notes | 141 | September-2023 | 15,708,281 | (341,760) | (341,760) |
U.S. Treasury 10 Year Ultra Notes | 49 | September-2023 | 5,732,234 | (113,972) | (113,972) |
U.S. Treasury Ultra Bonds | 36 | September-2023 | 4,759,875 | (80,760) | (80,760) |
Subtotal | (631,508) | (631,508) | |||
Subtotal—Long Futures Contracts | 3,028,264 | 3,028,264 | |||
Short Futures Contracts | |||||
Interest Rate Risk | |||||
Euro-Bobl | 33 | September-2023 | (4,204,896) | 28,706 | 28,706 |
Euro-Bund | 351 | September-2023 | (51,327,976) | (5,376) | (5,376) |
Euro-Schatz | 20 | September-2023 | (2,310,050) | 8,078 | 8,078 |
Long Gilt | 432 | September-2023 | (53,295,141) | (311,367) | (311,367) |
U.S. Treasury 2 Year Notes | 71 | September-2023 | (14,415,219) | 200,560 | 200,560 |
U.S. Treasury Long Bonds | 192 | September-2023 | (23,892,000) | 786,435 | 786,435 |
Subtotal—Short Futures Contracts | 707,036 | 707,036 | |||
Total Futures Contracts | $3,735,300 | $3,735,300 |
(a) | Futures contracts collateralized by $7,969,138 cash held with Goldman Sachs International, the futures commission merchant. |
Open Forward Foreign Currency Contracts | ||||||
Settlement Date | Counterparty | Contract to | Unrealized Appreciation (Depreciation) | |||
Deliver | Receive | |||||
Currency Risk | ||||||
08/10/2023 | Citibank, N.A. | EUR | 9,272,000 | USD | 10,212,826 | $14,376 |
08/10/2023 | Goldman Sachs International | USD | 24,791 | EUR | 23,000 | 508 |
08/10/2023 | J.P. Morgan Chase Bank, N.A. | EUR | 48,000 | USD | 53,948 | 1,152 |
08/10/2023 | J.P. Morgan Chase Bank, N.A. | USD | 1,247,656 | EUR | 1,155,000 | 22,750 |
08/10/2023 | Royal Bank of Canada | USD | 19,316 | EUR | 18,000 | 483 |
Subtotal—Appreciation | 39,269 | |||||
Currency Risk | ||||||
08/10/2023 | Barclays Bank PLC | EUR | 66,000 | USD | 70,851 | (1,743) |
08/10/2023 | J.P. Morgan Chase Bank, N.A. | USD | 134,411 | EUR | 122,000 | (221) |
08/10/2023 | UBS AG | EUR | 5,000 | USD | 5,373 | (127) |
Subtotal—Depreciation | (2,091) | |||||
Total Forward Foreign Currency Contracts | $37,178 |
Open Centrally Cleared Credit Default Swap Agreements(a) | ||||||||||
Reference Entity | Buy/Sell Protection | (Pay)/ Receive Fixed Rate | Payment Frequency | Maturity Date | Implied Credit Spread(b) | Notional Value | Upfront Payments Paid (Received) | Value | Unrealized Appreciation | |
Credit Risk | ||||||||||
Markit CDX North America High Yield Index, Series 39, Version 2 | Sell | 5.00% | Quarterly | 12/20/2027 | 3.928% | USD | 1,608,750 | $34,306 | $61,846 | $27,540 |
(a) | Swaps are collateralized by $379,460 cash held with Merrill Lynch International, the Counterparty. |
(b) | Implied credit spreads represent the current level, as of July 31, 2023, 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 Multi-Asset Income Fund
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 Multi-Asset Income Fund
Notes to Quarterly Schedule of Portfolio Holdings
July 31, 2023
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 – Prices are determined using quoted prices in an active market for identical assets.
Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.’s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
The following is a summary of the tiered valuation input levels, as of July 31, 2023. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
Level 1 | Level 2 | Level 3 | Total | |
Investments in Securities | ||||
U.S. Dollar Denominated Bonds & Notes | $342,246 | $409,302,998 | $0 | $409,645,244 |
Equity Linked Notes | — | 262,433,711 | — | 262,433,711 |
U.S. Treasury Securities | — | 224,084,837 | — | 224,084,837 |
Preferred Stocks | 96,953,595 | — | — | 96,953,595 |
Non-U.S. Dollar Denominated Bonds & Notes | — | 9,073,802 | — | 9,073,802 |
Asset-Backed Securities | — | 40,945 | — | 40,945 |
U.S. Government Sponsored Agency Mortgage-Backed Securities | — | 0 | — | 0 |
Money Market Funds | 191,870,495 | 43,490,196 | — | 235,360,691 |
Total Investments in Securities | 289,166,336 | 948,426,489 | 0 | 1,237,592,825 |
Other Investments - Assets* | ||||
Futures Contracts | 4,683,551 | — | — | 4,683,551 |
Forward Foreign Currency Contracts | — | 39,269 | — | 39,269 |
Swap Agreements | — | 27,540 | — | 27,540 |
4,683,551 | 66,809 | — | 4,750,360 | |
Other Investments - Liabilities* | ||||
Futures Contracts | (948,251) | — | — | (948,251) |
Forward Foreign Currency Contracts | — | (2,091) | — | (2,091) |
(948,251) | (2,091) | — | (950,342) | |
Total Other Investments | 3,735,300 | 64,718 | — | 3,800,018 |
Total Investments | $292,901,636 | $948,491,207 | $0 | $1,241,392,843 |
* | Forward foreign currency contracts, futures contracts and swap agreements are valued at unrealized appreciation (depreciation). |
Invesco Multi-Asset Income Fund