Aim Investment Securities Funds N-CSR Certified annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORMN-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number   811-05686

AIM Investment Securities Funds (Invesco Investment Securities Funds)

(Exact name of registrant as specified in charter)

11 Greenway Plaza, Suite 1000    Houston, Texas 77046

(Address of principal executive offices) (Zip code)

Sheri Morris    11 Greenway Plaza, Suite 1000 Houston, Texas 77046

(Name and address of agent for service)

Registrant’s telephone number, including area code:              (713)626-1919        

Date of fiscal year end:          August 31                

Date of reporting period:            08/31/19                    

Item 1. Reports to Stockholders.

Annual Report                                                                                                                                         8/31/2019

Invesco

Oppenheimer

Limited-Term Bond

Fund*

Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from the Fund or from your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on the Fund’s website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Fund electronically by contacting your financial intermediary (such as a broker-dealer or bank) or, if you are a direct investor, by enrolling at invesco. com/edelivery.

You may elect to receive all future reports in paper free of charge. If you invest through a financial intermediary, you can contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. If you invest directly with the Fund, you can call 800 959 4246 to let the Fund know you wish to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held with your financial intermediary or all funds held with the fund complex if you invest directly with the Fund.

*Prior to the close of business on May 24, 2019, the Fund’s name was Oppenheimer Limited-Term Bond Fund. See Important Update on the following page for more information.

Important Update

On October 18, 2018, Massachusetts Mutual Life Insurance Company, an indirect corporate parent of OppenheimerFunds, Inc. and its subsidiaries OFI Global Asset Management, Inc., OFI SteelPath, Inc. and OFI Advisors, LLC, announced that it had entered into an agreement whereby Invesco Ltd., a global investment management company would acquire OppenheimerFunds and its subsidiaries (together, “OppenheimerFunds”). After the close of business on May 24, 2019 Invesco Ltd. completed the acquisition of OppenheimerFunds. This Fund was included in that acquisition and as of that date, became part of the Invesco family of funds. Please visit invesco.com for more information or call Invesco’s Client Services team at800-959-4246.

Table of Contents

Fund Performance Discussion	5
Top Holdings and Allocations	7
Fund Expenses	10
Schedule of Investments	13
Statement of Assets and Liabilities	37
Statement of Operations	39
Statement of Changes in Net Assets	41
Financial Highlights	42
Notes to Financial Statements	53
Report of Independent Registered Public Accounting Firm	71
Independent Registered Public Accounting Firm	72
Federal Income Tax Information	73
Approval of Investment Advisory andSub-Advisory Contracts	74
Portfolio Proxy Voting Policies and Guidelines; Updates to Schedule of Investments	79
Shareholder Proxy	80
Trustees and Officers	81
Invesco’s Privacy Notice	95

Class A Shares

AVERAGE ANNUAL TOTAL RETURNS AT8/31/19

	Class A Shares of the Fund
			Bloomberg Barclays   U.S. Aggregate Bond   Index1-3 Years
	Without Sales Charge	With Sales Charge
1-Year	5.14%	2.61%	4.64%
5-Year	2.03	1.51	1.60
10-Year	3.36	3.10	1.60

Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Visit invesco.com for the most recentmonth-end performance. Performance figures reflect reinvested distributions and changes in net asset value (NAV). Investment return and principal value will vary so that you may have a gain or a loss when you sell shares. Fund returns include changes in share price, reinvested distributions and a 2.50% maximum applicable sales charge except where “without sales charge” is indicated. Returns for periods of less than one year are cumulative and not annualized. As the result of a reorganization after the close of business on May 24, 2019, the returns of the Fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from those of the predecessor fund because they have different expenses.

3      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

Returns do not consider capital gains or income taxes on an individual’s investment. See Fund prospectus and summary prospectus for more information on share classes, sales charges and new fee agreements, if any. Fund literature is available at invesco.com.

4      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

Fund Performance Discussion

The Fund’s Class A shares (without sales charge) returned 5.14% during the reporting period. In comparison, the Fund outperformed the Bloomberg Barclays U.S. Aggregate Bond Index1-3 years (the “Index”), which returned 4.64%.

MARKET OVERVIEW

Over the year ending August 31, 2019, the U.S. economy continued to grow, albeit at a slower pace, and market volatility returned amidst international economic and geopolitical concerns.

With U.S. GDP growth averaging about 3%, the unemployment rate remaining at historical lows, and inflation quite muted, the Federal Reserve (Fed) raised interest rates four times in 2018 – marking nine rate increases in total since initiating the normalization process in December 2015. Yet waning fiscal stimulus, uncertainty around trade policy, and a

slowdown in the world economy triggered market volatility on fears the Fed might be raising interest rates too rapidly. As growth expectations recalibrated, the market sold off for much of the fourth quarter of 2018.

While markets were mollified by higher than expected U.S. economic growth and solid corporate earnings in the first quarter, global growth trends declined. Trade tensions continued to escalate between the U.S. and China throughout the second quarter and into the third, and the Brexit process remains unresolved despite a deadline looming at

COMPARISON OF CHANGE IN VALUE OF $10,000 HYPOTHETICAL INVESTMENTS IN:

5      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

the end of October. In an environment of heightened uncertainty, downside growth risks, and low inflation, business investment slowed and confidence weakened – leading global central banks to assume a more accommodative stance.

In the U.S., the Federal Reserve ended balance sheet normalization ahead of schedule and at the end of July announced its first rate cut since 2008. The Fed decided to cut the Fed Funds target rate by 25 basis points, ending the period in a range of 2.00% - 2.25%.

FUND REVIEW

Over the period, security selection within Investment Grade Credit was the top contributor to performance versus the Index. The primary detractor from performance versus the Index for the period was security selection within Agency mortgage-backed securities (MBS).

STRATEGY & OUTLOOK

Interest rate expectations have downshifted as the Fed has communicated its commitment

to a supportive policy stance in the face of low inflation, growth moderation, and trade policy uncertainty. We anticipate the Fed may decrease rates twice this year overall, and with inflation below target and likely to remain so until 2020, we think we could potentially see additional cuts again next year.

While the recent yield curve inversion was disconcerting, we note that such temporary distortions are not typically what cause recessions in our view. Lower funding costs are a positive for risk assets overall, and once the current market turbulence recedes, we largely expect a steady state to prevail. Our positive credit creation outlook is unchanged, and we anticipate that will continue. We expect consumption to remain resilient, in response to a solid job market, wage gains, low household leverage, and continued confidence. That said, we acknowledge vulnerability to slowing global growth, and are on the lookout for potential spillover effects from trade tensions, particularly as we still believe we reside in the fourth quarter of the credit cycle overall.

6      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

Top Holdings and Allocations

PORTFOLIO ALLOCATION

Non-Convertible Corporate Bonds and Notes	65.5	%
Mortgage-Backed Obligations Government Agency	7.7
Non-Agency	8.3
Asset-Backed Securities	14.1
Investment Companies	4.4

Portfolio holdings and allocations are subject to change. Percentages are as of August 31, 2019, and are based on the total market value of investments.

TOP FIVE HOLDINGS/ISSUER

Invesco Government & Agency Portfolio, Institutional Class	4.5	%
Federal National Mortgage Assn., 4.50%, 9/1/49	2.0
Federal National Mortgage Assn., 3.00%, 9/1/34	0.8
Wells Fargo & Co., 2.625% Sr. Unsec. Nts., 7/22/22	0.5
Allergan Funding SCS, 3.85% Sr. Unsec. Nts., 6/15/24	0.5

Portfolio holdings and allocations are subject to change. Percentages are as of August 31, 2019, and are based on net assets.

For more current Fund holdings, please visit invesco.com.

7      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

Share Class Performance

AVERAGE ANNUAL TOTAL RETURNS WITHOUT SALES CHARGE AS OF 8/31/19

	Inception Date		1-Year			5-Year			10-Year
Class A (OUSGX)		8/16/85		5.14	%		2.03	%		3.36	%
Class C (OUSCX)		12/1/93		4.56			1.26			2.58
Class R (OUSNX)		3/1/01		4.86			1.73			3.08
Class Y (OUSYX)		5/18/98		5.44			2.30			3.63
Class R5 (IOLTX)1		5/24/19		5.42			2.08			3.39
Class R6 (OUSIX)2		8/1/13		5.52			2.38			2.53	3

AVERAGE ANNUAL TOTAL RETURNS WITH SALES CHARGE AS OF 8/31/19

	Inception Date		1-Year			5-Year			10-Year
Class A (OUSGX)		8/16/85		2.61	%		1.51	%		3.10	%
Class C (OUSCX)		12/1/93		3.56			1.26			2.58
Class R (OUSNX)		3/1/01		4.86			1.73			3.08
Class Y (OUSYX)		5/18/98		5.44			2.30			3.63
Class R5 (IOLTX)1		5/24/19		5.42			2.08			3.39
Class R6 (OUSIX)2		8/1/13		5.52			2.38			2.53	3

1. Class R5 shares’ performance shown prior to the inception date is that of the predecessor fund’s Class A shares at net asset value (NAV) and includes the12b-1 fees applicable to Class A shares. Class A shares’ performance reflects any applicable fee waivers and/or expense reimbursements.

2. Pursuant to the closing of the transaction described in the Notes to Financial Statements, after the close of business on May 24, 2019, Class I shares were reorganized as Class R6 shares.

3. Shows performance since inception.

Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Visit invesco.com for the most recentmonth-end performance. Performance figures reflect reinvested distributions and changes in net asset value (NAV). Investment return and principal value will vary so that you may have a gain or a loss when you sell shares. Performance shown at NAV does not include the applicablefront-end sales charge, which would have reduced the performance. The current maximum initial sales charge for Class A shares is 2.50%, and the contingent deferred sales charge for Class C shares is 1% for the1-year period. Class R, Class Y, Class R5 and Class R6 shares have no sales charge; therefore, performance is at NAV. Effective after the close of business on May 24, 2019, Class A, Class C, Class R, Class Y, and Class I shares of the predecessor fund were reorganized into Class A, Class C, Class R, Class Y, and Class R6 shares, respectively, of the Fund. Class R5 shares’ performance shown prior to the inception date is that of the predecessor fund’s Class A shares at NAV and includes the12b-1 fees applicable to Class A shares. Class A shares’ performance reflects any applicable fee waivers and/or expense reimbursements. Returns shown for Class A, Class C, Class R, Class Y, Class R5, and Class R6 shares are blended returns of the predecessor fund and the Fund. Share class returns will differ from those of the predecessor fund because of different

8      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

expenses. See Fund prospectuses and summary prospectuses for more information on share classes, sales charges and new fee agreements, if any. Fund literature is available at invesco.com.

The Fund’s performance is compared to that of the Bloomberg Barclays U.S. Aggregate Bond Index1-3 Years, which is an unmanaged index of publicly issued investment grade corporate, U.S. Treasury and government agency securities with remaining maturities of one to three years. The Index is unmanaged and cannot be purchased directly by investors. While index comparisons may be useful to provide a benchmark for the Fund’s performance, it must be noted that the Fund’s investments are not limited to the investments comprising the Index. Index performance includes reinvestment of income, but does not reflect transaction costs, fees, expenses or taxes. Index performance is shown for illustrative purposes only as a benchmark for the Fund’s performance, and does not predict or depict performance of the Fund. The Fund’s performance reflects the effects of the Fund’s business and operating expenses.

The views and opinions expressed in management’s discussion of Fund performance are those of Invesco Advisers, Inc. These views and opinions are subject to change at any time based on factors such as market and economic conditions. These views and opinions may not be relied upon as investment advice or recommendations, or as an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but Invesco Advisers, Inc. makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.

Before investing, investors should carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. For this and more complete information about the fund(s), investors should ask their advisors for a prospectus/summary prospectus or visit invesco. com/fundprospectus.

Shares of Invesco funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

9      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

Fund Expenses

Fund Expenses. As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments and/or contingent deferred sales charges on redemptions; and (2) ongoing costs, including management fees; distribution and service fees; and other Fund expenses. These examples are intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The examples are based on an investment of $1,000.00 invested at the beginning of the period and held for the entire6-month period ended August 31, 2019.

Actual Expenses. The first section of the table provides information about actual account values and actual expenses. You may use the information in this section for the class of shares you hold, together with the amount you invested, to estimate the expense that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600.00 account value divided by $1,000.00 = 8.60), then multiply the result by the number in the first section under the heading entitled “Expenses Paid During 6 Months Ended August 31, 2019” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes.The second section of the table provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio for each class of shares, and an assumed rate of return of 5% per year for each class before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example for the class of shares you hold with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such asfront-end or contingent deferred sales charges (loads). Therefore, the “hypothetical” section of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

10      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

Actual	Beginning Account Value March 1, 2019	Ending Account Value August 31, 2019	Expenses Paid During 6 Months Ended             August 31, 20191,2
Class A	$    1,000.00	$    1,032.40	$          3.85
Class C	1,000.00	1,030.70	7.81
Class R	1,000.00	1,031.00	5.23
Class Y	1,000.00	1,033.90	2.31
Class R5	1,000.00	1,035.20	1.22
Class R6	1,000.00	1,034.30	1.95
Hypothetical     (5% return before expenses)
Class A	1,000.00	1,021.42	3.83
Class C	1,000.00	1,017.54	7.76
Class R	1,000.00	1,020.06	5.21
Class Y	1,000.00	1,022.94	2.30
Class R5	1,000.00	1,022.99	2.25
Class R6	1,000.00	1,023.29	1.94

1. Actual expenses paid for Class A, C, R, Y, and R6are equal to the Fund’s annualized expense ratio for that class, multiplied by the average account value over the period, multiplied by 184/365 (to reflect theone-half year period). Actual expenses paid for Class R5 are equal to the Fund’s annualized expense ratio for that class, multiplied by the average account value over the period, multiplied by 99/365to reflect the period from after the close of business on May 24, 2019 (inception of offering) to August 31, 2019.

2.Hypothetical expenses paid for all classes are equal to the Fund’s annualized expense ratio for that class, multiplied by the average account value over the period, multiplied by 184/365(to reflect theone-half year period).

Those annualized expense ratios, excluding indirect expenses from affiliated funds, based on the6-month period ended August 31, 2019 for Classes A, C, R, Y and R6and for the period from after the close of business on May 24, 2019 (inception of offering) to August 31, 2019 for Class R5 are as follows:

Class	Expense Ratios
Class A		0.75	%
Class C		1.52
Class R		1.02
Class Y		0.45
Class R5		0.44
Class R6		0.38

The expense ratios reflect voluntary and/or contractual waivers and/or reimbursements of expenses by the Fund’s Manager. Some of these undertakings may be modified or terminated at any time, as indicated in the Fund’s prospectus. The “Financial Highlights” tables in the

11      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

Fund’s financial statements, included in this report, also show the gross expense ratios, without such waivers or reimbursements and reduction to custodian expenses, if applicable.

12      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

SCHEDULE OF INVESTMENTSAugust 31, 2019

	Principal Amount		Value
Asset-Backed Securities—14.4%
Auto Loan—11.9%
American Credit Acceptance Receivables Trust:
Series2017-4, Cl. C, 2.94%, 1/10/241	$	1,736,997	$	1,741,327
Series2017-4, Cl. D, 3.57%, 1/10/241		3,042,000		3,086,761
Series2018-2, Cl. C, 3.70%, 7/10/241		3,245,000		3,279,391
Series2018-3, Cl. B, 3.49%, 6/13/221		1,000,000		1,004,632
Series2018-3, Cl. D, 4.14%, 10/15/241		340,000		349,510
Series2018-4, Cl. C, 3.97%, 1/13/251		2,460,000		2,506,416
Series2019-1, Cl. C, 3.50%, 4/14/251		1,625,000		1,660,331
AmeriCredit Automobile Receivables Trust:
Series2017-2, Cl. D, 3.42%, 4/18/23		3,075,000		3,149,539
Series2017-4, Cl. D, 3.08%, 12/18/23		1,480,000		1,513,462
Series2018-3, Cl. C, 3.74%, 10/18/24		3,465,000		3,639,341
Series2019-2, Cl. C, 2.74%, 4/18/25		1,335,000		1,355,809
Series2019-2, Cl. D, 2.99%, 6/18/25		3,700,000		3,791,367
Capital Auto Receivables Asset Trust, Series2017-1, Cl. D, 3.15%, 2/20/251		435,000		441,825
CarMax Auto Owner Trust:
Series2015-3, Cl. D, 3.27%, 3/15/22		2,615,000		2,620,661
Series2016-1, Cl. D, 3.11%, 8/15/22		1,915,000		1,920,252
Series2017-1, Cl. D, 3.43%, 7/17/23		2,345,000		2,384,325
Series2017-4, Cl. D, 3.30%, 5/15/24		1,120,000		1,139,585
Series2018-1, Cl. D, 3.37%, 7/15/24		810,000		826,704
Series2018-4, Cl. C, 3.85%, 7/15/24		1,170,000		1,230,462
CIG Auto Receivables Trust, Series2017-1A, Cl. A, 2.71%, 5/15/231		325,980		326,360
CPS Auto Receivables Trust:
Series2018-A, Cl. B, 2.77%, 4/18/221		1,537,000		1,540,158
Series2018-B, Cl. A, 2.72%, 9/15/211		807,900		808,206
Series2018-B, Cl. B, 3.23%, 7/15/221		1,880,000		1,890,744
CPS Auto Trust, Series2017-A, Cl. B, 2.68%, 5/17/211		102,351		102,359
Credit Acceptance Auto Loan Trust:
Series2017-3A, Cl. C, 3.48%, 10/15/261		2,225,000		2,267,552
Series2018-1A, Cl. B, 3.60%, 4/15/271		2,110,000		2,160,685
Series2018-1A, Cl. C, 3.77%, 6/15/271		2,215,000		2,269,521
Series2018-2A, Cl. C, 4.16%, 9/15/271		1,975,000		2,060,570
Series2019-1A, Cl. B, 3.75%, 4/17/281		1,370,000		1,419,126
Drive Auto Receivables Trust:
Series2016-CA, Cl. D, 4.18%, 3/15/241		1,685,000		1,714,274
Series2017-1, Cl. D, 3.84%, 3/15/23		4,805,000		4,868,274
Series2018-1, Cl. D, 3.81%, 5/15/24		3,320,000		3,380,798
Series2018-2, Cl. D, 4.14%, 8/15/24		3,770,000		3,884,179
Series2018-3, Cl. D, 4.30%, 9/16/24		2,560,000		2,647,571
Series2018-5, Cl. C, 3.99%, 1/15/25		2,770,000		2,860,115
Series2019-1, Cl. C, 3.78%, 4/15/25		4,740,000		4,853,227
Series2019-3, Cl. C, 2.90%, 8/15/25		2,525,000		2,553,387
Series2019-3, Cl. D, 3.18%, 10/15/26		2,000,000		2,043,889
DT Auto Owner Trust:
Series2016-4A, Cl. E, 6.49%, 9/15/231		2,650,000		2,743,778

13      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

SCHEDULE OF INVESTMENTSContinued

	Principal Amount		Value
Auto Loan (Continued)
DT Auto Owner Trust: (Continued)
Series2017-1A, Cl. D, 3.55%, 11/15/221	$	3,607,000	$	3,633,579
Series2017-1A, Cl. E, 5.79%, 2/15/241		3,680,000		3,812,940
Series2017-2A, Cl. D, 3.89%, 1/15/231		1,835,000		1,853,545
Series2017-3A, Cl. E, 5.60%, 8/15/241		2,400,000		2,504,420
Series2017-4A, Cl. D, 3.47%, 7/17/231		3,275,000		3,301,074
Series2017-4A, Cl. E, 5.15%, 11/15/241		2,785,000		2,885,144
Series2018-2A, Cl. D, 4.15%, 3/15/241		1,185,000		1,225,554
Series2018-3A, Cl. B, 3.56%, 9/15/221		3,390,000		3,439,244
Series2018-3A, Cl. C, 3.79%, 7/15/241		1,360,000		1,392,097
Series2019-2A, Cl. D, 3.48%, 2/18/251		1,725,000		1,768,010
Series2019-3A, Cl. D, 2.96%, 4/15/251		970,000		980,731
Exeter Automobile Receivables Trust:
Series2016-2A, Cl. C, 5.96%, 2/15/221		1,729,075		1,748,174
Series2017-3A, Cl. A, 2.05%, 12/15/211		130,056		130,012
Series2018-1A, Cl. B, 2.75%, 4/15/221		1,227,725		1,229,193
Series2019-1A, Cl. D, 4.13%, 12/16/241		4,215,000		4,401,589
Series2019-2A, Cl. C, 3.30%, 3/15/241		4,309,000		4,402,052
Flagship Credit Auto Trust:
Series2015-3, Cl. C, 4.65%, 3/15/221		4,000,000		4,057,299
Series2016-1, Cl. C, 6.22%, 6/15/221		3,570,000		3,698,516
GLS Auto Receivables Trust, Series2018-1A, Cl. A, 2.82%, 7/15/221		1,663,093		1,668,194	��
GM Financial Automobile Leasing Trust:
Series2017-3, Cl. C, 2.73%, 9/20/21		1,230,000		1,231,741
Series2018-2, Cl. C, 3.50%, 4/20/22		1,730,000		1,753,368
Series2019-1, Cl. D, 3.95%, 5/22/23		4,000,000		4,102,512
GMF Floorplan Owner Revolving Trust:
Series2018-3, Cl. B, 3.49%, 9/15/221		3,220,000		3,259,409
Series2018-3, Cl. C, 3.68%, 9/15/221		2,725,000		2,758,090
Series2018-4, Cl. B, 3.68%, 9/15/231		2,725,000		2,807,668
Series2018-4, Cl. C, 3.88%, 9/15/231		3,405,000		3,512,359
Navistar Financial Dealer Note Master Owner Trust II:
Series2018-1, Cl. A, 2.896% [US0001M+63], 9/25/231,2		1,420,000		1,422,236
Series2018-1, Cl. B, 3.066% [US0001M+80], 9/25/231,2		670,000		670,763
Series2019-1, Cl. C, 3.216% [US0001M+95], 5/28/241,2		305,000		305,399
Series2019-1, Cl. D, 3.716% [US0001M+145], 5/28/241,2		290,000		289,864
Prestige Auto Receivables Trust, Series2019-1A, Cl. C, 2.70%, 10/15/241		1,560,000		1,581,542
Santander Drive Auto Receivables Trust:
Series2017-1, Cl. E, 5.05%, 7/15/241		4,585,000		4,739,744
Series2017-2, Cl. D, 3.49%, 7/17/23		1,640,000		1,661,894
Series2017-3, Cl. D, 3.20%, 11/15/23		3,210,000		3,250,301
Series2018-1, Cl. D, 3.32%, 3/15/24		1,195,000		1,215,896
Series2018-2, Cl. D, 3.88%, 2/15/24		2,015,000		2,072,001
Series2018-5, Cl. C, 3.81%, 12/16/24		2,895,000		2,955,741
Series2019-2, Cl. D, 3.22%, 7/15/25		2,675,000		2,743,234
Series2019-3, Cl. D, 2.68%, 10/15/25		2,230,000		2,250,564

14      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

		Principal Amount		Value
Auto Loan (Continued)
Santander Retail Auto Lease Trust:
Series2019-A, Cl. C, 3.30%, 5/22/231		$	4,295,000	$	4,401,096
Series2019-B, Cl. C, 2.77%, 8/21/231			1,555,000		1,572,151
United Auto Credit Securitization Trust:
Series2018-1, Cl. C, 3.05%, 9/10/211			2,226,120		2,227,644
Series2019-1, Cl. C, 3.16%, 8/12/241			2,060,000		2,074,442
Veros Automobile Receivables Trust, Series2017-1, Cl. A, 2.84%, 4/17/231			107,000		106,983
Westlake Automobile Receivables Trust:
Series2017-2A, Cl. E, 4.63%, 7/15/241			3,255,000		3,331,949
Series2018-1A, Cl. D, 3.41%, 5/15/231			2,305,000		2,333,025
Series2018-2A, Cl. C, 3.50%, 1/16/241			4,025,000		4,075,001
Series2018-3A, Cl. B, 3.32%, 10/16/231			5,187,000		5,241,803
Series2019-2A, Cl. C, 2.84%, 7/15/241			2,805,000		2,835,893
					204,952,153
Credit Card—1.2%
World Financial Network Credit Card Master Trust:
Series2018-A, Cl. A, 3.07%, 12/16/24			6,205,000		6,298,574
Series2018-B, Cl. A, 3.46%, 7/15/25			3,015,000		3,108,889
Series2018-C, Cl. A, 3.55%, 8/15/25			6,390,000		6,604,363
Series2019-A, Cl. A, 3.14%, 12/15/25			1,000,000		1,028,885
Series2019-B, Cl. A, 2.49%, 4/15/26			3,665,000		3,726,835
					20,767,546
Equipment—0.7%
CCG Receivables Trust:
Series2017-1, Cl. B, 2.75%, 11/14/231			2,355,000		2,359,118
Series2018-1, Cl. B, 3.09%, 6/16/251	��		1,030,000		1,043,507
Series2018-1, Cl. C, 3.42%, 6/16/251			290,000		294,771
Series2018-2, Cl. C, 3.87%, 12/15/251			755,000		782,151
Series2019-1, Cl. B, 3.22%, 9/14/261			2,540,000		2,614,231
Series2019-1, Cl. C, 3.57%, 9/14/261			555,000		571,533
CNH Equipment Trust:
Series2017-C, Cl. B, 2.54%, 5/15/25			750,000		758,788
Series2019-A, Cl. A4, 3.22%, 1/15/26			1,675,000		1,753,530
Dell Equipment Finance Trust, Series2018-1, Cl. B, 3.34%, 6/22/231			1,040,000		1,059,038
Structured Asset Securities Corp., Interest-Only Stripped Pass-Through Certificates, Series2002-AL1, Cl. AIO, 9.799%, 2/25/323,4			1,544,200		111,335
					11,348,002
Loans: Other—0.4%
Ameriquest Mortgage Securities, Inc. Asset-Backed Pass- Through Certificates, Series2005-R5, Cl. M2, 2.835% [US0001M+69], 7/25/352			493,642		495,291
Dell Equipment Finance Trust: Series2017-2, Cl. B, 2.47%, 10/24/221			740,000		741,201

15      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

SCHEDULE OF INVESTMENTSContinued

	Principal Amount		Value
Loans: Other (Continued)
Dell Equipment Finance Trust: (Continued) Series2019-1, Cl. C, 3.14%, 3/22/241	$	4,465,000	$	4,557,675
Element Rail Leasing I LLC, Series2014-1A, Cl. A1, 2.299%, 4/19/441		734,283		734,523
				6,528,690
Receivables: Other—0.2%
American Credit Acceptance Receivables Trust:
Series2019-2, Cl. D, 3.41%, 6/12/251		1,935,000		1,971,946
Series2019-3, Cl. C, 2.76%, 9/12/251		2,145,000		2,153,316
				4,125,262
Total Asset-Backed Securities (Cost $243,223,158)				247,721,653
Mortgage-Backed Obligations—16.4%
Government Agency—7.9%
FHLMC/FNMA/FHLB/Sponsored—7.6%
Connecticut Avenue Securities:
Series2013-C01, Cl. M2, 7.395% [US0001M+525], 10/25/232		2,213,565		2,446,965
Series2014-C01, Cl. M2, 6.545% [US0001M+440], 1/25/242		4,000,000		4,349,680
Series2014-C02, Cl. 1M2, 4.745% [US0001M+260], 5/25/242		3,411,304		3,555,590
Series2014-C03, Cl. 1M2, 5.145% [US0001M+300], 7/25/242		3,148,540		3,306,751
Series2014-C03, Cl. 2M2, 5.045% [US0001M+290], 7/25/242		253,726		264,226
Series2014-C04, Cl. 1M2, 7.045% [US0001M+490], 11/25/242		2,864,348		3,115,889
Series2016-C02, Cl. 1M2, 8.145% [US0001M+600], 9/25/282		1,641,165		1,777,647
Connecticut Avenue Securities Trust, Series2018-R07, Cl. 1M2, 4.545% [US0001M+240], 4/25/311,2		3,965,000		4,005,093
Federal Home Loan Mortgage Corp. Gold Pool:
5.00%,7/1/33-6/1/34		397,066		441,152
5.50%, 9/1/39		1,014,772		1,137,425
6.00%,1/1/22-7/1/24		297,802		328,079
6.50%,4/1/21-4/1/34		142,346		157,555
7.00%,10/1/31-3/1/35		810,665		940,646
7.50%,1/1/32-2/1/32		657,533		781,866
9.00%,8/1/22-5/1/25		5,218		5,632
Federal Home Loan Mortgage Corp., Interest-Only Stripped Mtg.-Backed Security:
Series 192, Cl. IO, 99.999%, 2/1/283		31,528		4,725
Series 205, Cl. IO, 72.46%, 9/1/293		221,671		42,496
Series 206, Cl. IO, 0.00%, 12/15/293,5		89,145		18,176
Series 243, Cl. 6, 0.00%, 12/15/323,5		83,844		13,768
Series 304, Cl. C31, 8.594%, 12/15/273		2,038,880		151,949
Series 304, Cl. C45, 8.242%, 12/15/273		1,578,861		111,507
Series 304, Cl. C47, 4.978%, 12/15/273		946,800		73,512

16      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

	Principal Amount		Value
FHLMC/FNMA/FHLB/Sponsored (Continued)
Federal Home Loan Mortgage Corp., Multifamily Structured Pass Through Certificates, Series K735, Cl. X1, 0.00%, 5/25/263,5	$	28,627,829	$	1,642,527
Federal Home Loan Mortgage Corp., Multifamily Structured Pass-Through Certificates, Interest-Only Stripped Mtg.-Backed Security:
Series K093, Cl. X1, 0.00%, 5/25/293,5		22,423,450		1,781,153
Series K734, Cl. X1, 0.00%, 2/25/263,5		27,732,103		1,024,221
Series KC02, Cl. X1, 0.00%, 3/25/243,5		59,783,394		938,761
Series KC03, Cl. X1, 0.00%, 11/25/243,5		37,545,000		892,156
Federal Home Loan Mortgage Corp., Real Estate Mtg. Investment Conduit Multiclass Pass-Through Certificates:
Series 151, Cl. F, 9.00%, 5/15/21		483		488
Series 1644, Cl. S, 2.591% [D11COF+145], 12/15/232		831,069		849,780
Series 2043, Cl. ZP, 6.50%, 4/15/28		564,681		637,064
Series 2116, Cl. ZA, 6.00%, 1/15/29		280,787		311,396
Series 2148, Cl. ZA, 6.00%, 4/15/29		408,499		454,292
Series 2220, Cl. PD, 8.00%, 3/15/30		48,428		57,343
Series 2326, Cl. ZP, 6.50%, 6/15/31		54,072		60,713
Series 2344, Cl. FP, 3.145% [LIBOR01M+95], 8/15/312		86,363		88,500
Series 2368, Cl. PR, 6.50%, 10/15/31		223,948		257,666
Series 2427, Cl. ZM, 6.50%, 3/15/32		224,957		251,966
Series 2451, Cl. FD, 3.195% [LIBOR01M+100], 3/15/322		49,575		50,920
Series 2461, Cl. PZ, 6.50%, 6/15/32		120,279		136,306
Series 2464, Cl. FI, 3.195% [LIBOR01M+100], 2/15/322		51,974		53,392
Series 2465, Cl. PG, 6.50%, 6/15/32		177,510		204,288
Series 2470, Cl. LF, 3.195% [LIBOR01M+100], 2/15/322		52,126		53,549
Series 2517, Cl. GF, 3.195% [LIBOR01M+100], 2/15/322		41,310		42,438
Series 2551, Cl. LF, 2.695% [LIBOR01M+50], 1/15/332		5,155		5,194
Series 3015, Cl. GM, 5.00%, 8/15/35		2,311,383		2,598,232
Series 3848, Cl. WL, 4.00%, 4/15/40		241,933		246,283
Series 3917, Cl. BA, 4.00%, 6/15/38		216,973		230,348
Federal Home Loan Mortgage Corp., Real Estate Mtg. Investment Conduit Multiclass Pass-Through Certificates, Interest-Only Stripped Mtg.-Backed Security:
Series 2074, Cl. S, 99.999%, 7/17/283		39,339		3,783
Series 2079, Cl. S, 99.999%, 7/17/283		74,827		8,710
Series 2122, Cl. S, 84.532%, 2/15/293		293,666		53,652
Series 2304, Cl. SK, 55.906%, 6/15/293		270,213		47,954
Series 2493, Cl. S, 27.739%, 9/15/293		65,588		11,842
Series 2526, Cl. SE, 60.003%, 6/15/293		105,098		18,690
Series 2795, Cl. SH, 99.999%, 3/15/243		567,973		43,387
Series 2920, Cl. S, 20.252%, 1/15/353		720,788		132,494
Series 2922, Cl. SE, 20.032%, 2/15/353		160,423		26,950
Series 2981, Cl. AS, 2.006%, 5/15/353		595,334		88,748
Series 3004, Cl. SB, 99.999%, 7/15/353		830,330		102,537
Series 3397, Cl. GS, 0.00%, 12/15/373,5		100,360		23,078
Series 3424, Cl. EI, 0.00%, 4/15/383,5		50,490		6,491
Series 3450, Cl. BI, 13.018%, 5/15/383		1,208,093		238,842
Series 3606, Cl. SN, 15.675%, 12/15/393		245,808		42,196
Series 4057, Cl. QI, 5.293%, 6/15/273		5,631,920		395,940
Series 4146, Cl. AI, 9.552%, 12/15/273		2,600,129		189,279
Series 4205, Cl. AI, 6.881%, 5/15/283		1,518,904		96,430

17      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

SCHEDULE OF INVESTMENTSContinued

	Principal Amount		Value
FHLMC/FNMA/FHLB/Sponsored (Continued)
Federal Home Loan Mortgage Corp., Real Estate Mtg. Investment Conduit Multiclass Pass-Through Certificates, Interest-Only Stripped Mtg.-Backed Security: (Continued)
Series 4316, Cl. JS, 0.00%, 1/15/443,5	$	2,658,497	$	311,730
Series 4818, Cl. BI, 0.00%, 3/15/453,5		2,375,163		223,326
Federal Home Loan Mortgage Corp., Stacr Trust, Series 2018-HQA2, Cl. M1, 2.895% [US0001M+75], 10/25/481,2		4,823,409		4,827,756
Federal Home Loan Mortgage Corp., STACR Trust:
Series 2019-DNA1, Cl. M1, 3.166% [US0001M+90], 1/25/491,2		3,529,756		3,536,458
Series 2019-HRP1, Cl. M2, 3.545% [US0001M+140], 2/25/491,2		830,000		829,366
Federal National Mortgage Assn., TBA:
2.50%, 9/25/346		6,320,000		6,404,707
3.00%, 9/1/346		13,035,000		13,367,467
4.50%, 9/1/496		32,540,000		34,255,640
Federal National Mortgage Assn. Pool:
4.50%,6/1/20-12/1/20		24,569		25,277
5.00%,3/1/20-6/1/22		15,120		15,599
5.50%,2/1/35-5/1/36		355,741		402,636
6.00%,6/1/30-3/1/37		2,549,169		2,902,413
6.50%,5/1/28-1/1/34		2,046,630		2,317,961
7.00%,1/1/30-4/1/34		1,747,718		2,039,149
7.50%,2/1/27-8/1/33		1,581,105		1,864,093
8.00%, 12/1/22		4,089		4,354
8.50%, 7/1/32		6,196		6,262
Federal National Mortgage Assn., Interest-Only Stripped Mtg.-Backed Security:
Series 221, Cl. 2, 99.999%, 5/25/233		129,342		12,455
Series 252, Cl. 2, 99.999%, 11/25/233		62,799		6,522
Series 303, Cl. IO, 99.999%, 11/25/293		913,103		191,924
Series 319, Cl. 2, 52.23%, 2/25/323		166,445		30,698
Series 321, Cl. 2, 35.448%, 4/25/323		252,056		46,377
Series 324, Cl. 2, 25.374%, 7/25/323		103,047		18,664
Series 328, Cl. 2, 0.00%, 12/25/323,5		585,273		109,777
Series 334, Cl. 12, 0.00%, 3/25/333,5		349,258		63,169
Series 339, Cl. 7, 0.00%, 11/25/333,5		280,001		49,352
Series 351, Cl. 10, 99.999%, 4/25/343		236,467		41,471
Series 351, Cl. 8, 0.00%, 4/25/343,5		231,907		41,433
Series 356, Cl. 10, 0.00%, 6/25/353,5		164,308		25,839
Series 356, Cl. 12, 0.00%, 2/25/353,5		81,383		13,369
Series 362, Cl. 13, 0.00%, 8/25/353,5		147,437		27,308
Series 364, Cl. 15, 0.00%, 9/25/353,5		207,779		33,985
Federal National Mortgage Assn., Principal-Only Stripped Mtg.-Backed Security, Series 327, Cl. 1, 11.783%, 9/25/327		42,196		38,674
Federal National Mortgage Assn., Real Estate Mtg. Investment Conduit Multiclass Pass-Through Certificates:
Series1992-161, Cl. H, 7.50%, 9/25/22		318,725		335,387
Series1993-87, Cl. Z, 6.50%, 6/25/23		114,577		121,644
Series1999-54, Cl. LH, 6.50%, 11/25/29		116,807		130,515
Series2002-29, Cl. F, 3.145% [LIBOR01M+100], 4/25/322		56,279		57,830
Series2002-64, Cl. FJ, 3.145% [LIBOR01M+100], 4/25/322		17,324		17,801

18      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

	Principal Amount		Value
FHLMC/FNMA/FHLB/Sponsored (Continued)
Federal National Mortgage Assn., Real Estate Mtg. Investment Conduit Multiclass Pass-Through Certificates: (Continued)
Series2002-68, Cl. FH, 2.682% [LIBOR01M+50], 10/18/322	$	33,472	$	33,714
Series2003-116, Cl. FA, 2.545% [LIBOR01M+40], 11/25/332		60,479		59,833
Series2003-130, Cl. CS, 9.81%[-2 x LIBOR01M+1,410], 12/25/332		8,988		9,330
Series2005-31, Cl. PB, 5.50%, 4/25/35		2,280,000		2,574,170
Series2006-11, Cl. PS, 16.701%[-3.6667 x LIBOR01M+2,456.67], 3/25/362		119,866		183,576
Series2006-46, Cl. SW, 16.334%[-3.6665 x LIBOR01M+2,419.92], 6/25/362		68,106		101,776
Series2006-50, Cl. KS, 16.334%[-3.6667 x LIBOR01M+2,420], 6/25/362		126,021		184,596
Series2006-50, Cl. SK, 16.334%[-3.6667 x LIBOR01M+2,420], 6/25/362		361,316		568,631
Series2007-9, Cl. LE, 5.50%, 3/25/37		1,548,521		1,736,598
Series2010-43, Cl. KG, 3.00%, 1/25/21		6,827		6,830
Series2011-15, Cl. DA, 4.00%, 3/25/41		138,512		145,405
Series2011-3, Cl. KA, 5.00%, 4/25/40		467,626		491,300
Series2012-20, Cl. FD, 2.545% [LIBOR01M+40], 3/25/422		143,465		143,714
Federal National Mortgage Assn., Real Estate Mtg. Investment Conduit Multiclass Pass-Through Certificates, Interest-Only Stripped Mtg.-Backed Security:
Series2001-61, Cl. SH, 15.388%, 11/18/313		205,319		37,477
Series2001-63, Cl. SD, 32.066%, 12/18/313		73,931		12,146
Series2001-68, Cl. SC, 36.517%, 11/25/313		55,211		10,474
Series2001-81, Cl. S, 16.569%, 1/25/323		51,180		8,907
Series2002-28, Cl. SA, 20.834%, 4/25/323		54,765		9,985
Series2002-38, Cl. SO, 55.615%, 4/25/323		104,181		18,277
Series2002-39, Cl. SD, 44.194%, 3/18/323		110,109		23,229
Series2002-41, Cl. S, 29.144%, 7/25/323		313,622		57,528
Series2002-48, Cl. S, 18.468%, 7/25/323		81,991		15,723
Series2002-52, Cl. SD, 56.357%, 9/25/323		98,622		19,819
Series2002-52, Cl. SL, 19.085%, 9/25/323		56,053		10,537
Series2002-53, Cl. SK, 57.891%, 4/25/323		68,683		14,777
Series2002-56, Cl. SN, 19.74%, 7/25/323		112,035		21,487
Series2002-77, Cl. IS, 38.629%, 12/18/323		177,494		36,253
Series2002-77, Cl. SH, 16.738%, 12/18/323		68,670		11,991
Series2002-9, Cl. MS, 18.641%, 3/25/323		86,109		17,251
Series2003-25, Cl. IK, 94.688%, 4/25/333		1,492,852		346,155
Series2003-33, Cl. SP, 14.431%, 5/25/333		191,854		41,939
Series2003-4, Cl. S, 21.212%, 2/25/333		111,884		23,591
Series2005-12, Cl. SC, 23.778%, 3/25/353		73,248		12,044
Series2005-14, Cl. SE, 18.731%, 3/25/353		590,603		94,739
Series2005-40, Cl. SB, 30.457%, 5/25/353		457,150		64,776
Series2005-52, Cl. JH, 34.071%, 5/25/353		271,900		40,425
Series2005-6, Cl. SE, 83.29%, 2/25/353		1,121,431		210,227
Series2007-88, Cl. XI, 0.00%, 6/25/373,5		228,682		49,120
Series2008-55, Cl. SA, 0.00%, 7/25/383,5		64,422		7,514
Series2009-8, Cl. BS, 0.00%, 2/25/243,5		3,556		222

19      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

SCHEDULE OF INVESTMENTSContinued

	Principal Amount		Value
FHLMC/FNMA/FHLB/Sponsored (Continued)
Federal National Mortgage Assn., Real Estate Mtg. Investment Conduit Multiclass Pass-Through Certificates, Interest- Only Stripped Mtg.-Backed Security: (Continued)
Series2010-95, Cl. DI, 0.00%, 11/25/203,5	$	8,307	$	122
Series2011-96, Cl. SA, 8.062%, 10/25/413		701,218		123,164
Series2012-121, Cl. IB, 7.293%, 11/25/273		2,438,679		186,190
Series2012-134, Cl. SA, 0.00%, 12/25/423,5		1,555,733		283,080
Series2012-40, Cl. PI, 27.154%, 4/25/413		828,243		78,244
Series2013-2, Cl. IA, 6.26%, 2/25/433		424,836		74,670
Series2015-57, Cl. LI, 6.159%, 8/25/353		6,078,768		783,505
Series2016-45, Cl. MI, 8.109%, 7/25/463		1,710,720		318,784
Series2017-60, Cl. LI, 0.00%, 8/25/473,5		3,176,188		279,770
Series2017-66, Cl. AS, 0.00%, 9/25/473,5		14,515,939		2,210,548
Series2018-16, Cl. NI, 1.185%, 12/25/443		1,206,886		106,036
Series2018-69, Cl. CI, 0.00%, 10/25/463,5		2,463,338		118,421
Structured Agency Credit Risk Debt Nts., Series2014-DN3, Cl. M3, 6.145% [US0001M+400], 8/25/242		2,384,972		2,506,530
Vendee Mortgage Trust, Interest-Only Stripped Mtg.-Backed Security, Series1995-2B, Cl. 2IO, 99.999%, 6/15/253		1,345,975		19,959
				130,723,805
GNMA/Guaranteed—0.3%
Government National Mortgage Assn. I Pool:
6.50%,11/15/23-12/15/23		6,027		6,634
7.00%,1/15/28-8/15/28		59,897		63,438
7.50%,9/15/22-11/15/26		36,455		37,737
8.00%,2/15/22-8/15/28		14,304		14,381
10.50%, 12/15/20		117		117
Government National Mortgage Assn. II Pool, 7.00%, 1/20/30		18,883		22,123
Government National Mortgage Assn., Interest-Only Stripped Mtg.-Backed Security:
Series2007-17, Cl. AI, 47.816%, 4/16/373		1,295,098		206,494
Series2011-52, Cl. HS, 20.645%, 4/16/413		2,061,626		333,339
Series2017-136, Cl. LI, 6.18%, 9/16/473		4,642,364		577,649
Series2017-149, Cl. GS, 0.407%, 10/16/473		5,755,493		898,278
STACR Trust, Series 2018-HRP1, Cl. M2, 3.795% [US0001M+165], 4/25/431,2		3,206,331		3,220,692
				5,380,882
Non-Agency—8.5%
Commercial—3.6%
BCAP LLC Trust, Series2011-R11, Cl. 18A5, 4.69% [H15T1Y+210], 9/26/351,2		5,067		5,071
Benchmark Mortgage Trust, Interest-Only Commercial Mtg. Pass-Through Certificates, Series2018-B1, Cl. XA, 14.689%, 1/15/513		26,379,157		944,469
Capital Lease Funding Securitization LP, Interest-Only Commercial Mtg. Pass-Through Certificates, Series1997-CTL1, Cl. IO, 0.00%, 6/22/241,3,4,5		274,153		4,883
CD Mortgage Trust, Interest-Only Commercial Mtg. Pass-Through Certificates, Series2017-CD6, Cl. XA, 14.978%, 11/13/503		9,144,753		507,625
Chase Mortgage Finance Trust, Series2005-A2, Cl. 1A3, 4.34%, 1/25/368		540,753		535,586

20      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

	Principal Amount		Value
Commercial (Continued)
Citigroup Commercial Mortgage Trust, Series 2014-GC21, Cl. AAB, 3.477%, 5/10/47	$	1,022,905	$	1,058,756
Citigroup Commercial Mortgage Trust, Interest-Only Commercial Mtg. Pass-Through Certificates:
Series 2013-GC17, Cl. XA, 0.00%, 11/10/463,5		11,740,750		440,593
Series2017-C4, Cl. XA, 14.046%, 10/12/503		24,109,213		1,622,061
COMM Mortgage Trust, Series 2014-CR20, Cl. ASB, 3.305%, 11/10/47		715,000		739,280
COMM Mortgage Trust, Interest-Only Stripped Mtg.-Backed Security, Series2012-CR5, Cl. XA, 23.928%, 12/10/453		12,356,946		522,137
Connecticut Avenue Securities, Series2016-C05, Cl. 2M2, 6.595% [US0001M+445], 1/25/292		2,013,084		2,114,012
Federal Home Loan Mortgage Corp., Stacr Trust, Series 2019-HQA1, Cl. M1, 3.045% [US0001M+90], 2/25/491,2		1,180,608		1,182,782
FREMF Mortgage Trust:
Series2010-K6, Cl. B, 5.539%, 12/25/461,8		695,000		700,291
Series2011-K10, Cl. B, 4.781%, 11/25/491,8		4,025,000		4,118,759
Series2013-K25, Cl. C, 3.744%, 11/25/451,8		2,362,000		2,443,712
Series2013-K26, Cl. C, 3.721%, 12/25/451,8		1,642,030		1,699,482
Series2013-K27, Cl. C, 3.615%, 1/25/461,8		530,000		547,932
Series2013-K28, Cl. C, 3.609%, 6/25/461,8		530,000		548,555
Series2013-K29, Cl. C, 3.601%, 5/25/461,8		1,915,000		1,984,327
Series2013-K30, Cl. C, 3.669%, 6/25/451,8		917,000		951,489
Series 2013-K712, Cl. C, 3.408%, 5/25/451,8		1,125,000		1,124,269
Series 2013-K713, Cl. C, 3.261%, 4/25/461,8		2,752,000		2,755,479
Series 2014-K714, Cl. C, 3.986%, 1/25/471,8		5,815,000		5,895,649
Series 2014-K715, Cl. C, 4.258%, 2/25/461,8		2,895,000		2,946,614
Series 2015-K721, Cl. B, 3.681%, 11/25/471,8		1,150,000		1,187,073
Series 2017-K724, Cl. B, 3.599%, 11/25/231,8		1,395,000		1,437,896
GS Mortgage Securities Trust:
Series2012-GC6, Cl. A3, 3.482%, 1/10/45		1,260,241		1,292,887
Series 2013-GC12, Cl. AAB, 2.678%, 6/10/46		282,155		283,945
Series 2014-GC18, Cl. AAB, 3.648%, 1/10/47		853,164		880,929
GSMSC Pass-Through Trust, Series2009-3R, Cl. 1A2, 6.00%, 4/25/371,8		500,441		487,014
JP Morgan Chase Commercial Mortgage Securities Trust:
Series2013-C16, Cl. AS, 4.517%, 12/15/46		2,335,000		2,541,874
Series2016-JP3, Cl. A2, 2.435%, 8/15/49		2,030,723		2,037,620
JP Morgan Mortgage Trust, Series2007-A1, Cl. 5A1, 4.676%, 7/25/358		434,801		452,468
JPMBB Commercial Mortgage Securities Trust, Series2014-C18, Cl. A3, 3.578%, 2/15/47		468,184		475,759
JPMBB Commercial Mortgage Securities Trust, Interest-Only Stripped Mtg.-Backed Security, Series2015-C27, Cl. XA, 26.333%, 2/15/483		37,529,600		1,630,770
Lehman Structured Securities Corp., Series2002-GE1, Cl. A, 0.00%, 7/26/241,4,8		37,833		25,587
Morgan Stanley Bank of America Merrill Lynch Trust:
Series2013-C9, Cl. AS, 3.456%, 5/15/46		2,235,000		2,333,466
Series2016-C29, Cl. A1, 1.597%, 5/15/49		379,215		377,528
Morgan Stanley Capital I Trust, Series2011-C2, Cl. A4, 4.661%, 6/15/441		1,685,000		1,743,503
Morgan Stanley Capital I, Inc., Interest-Only Commercial Mtg. Pass-Through Certificates, Series2017-HR2, Cl. XA, 13.133%, 12/15/503		8,724,122		475,287

21      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

SCHEDULE OF INVESTMENTSContinued

	Principal Amount		Value
Commercial (Continued)
Morgan Stanley Resecuritization Trust, Series2013-R9, Cl. 3A, 4.055%, 6/26/461,8	$	50,446	$	50,717
RBSSP Resecuritization Trust, Series2010-1, Cl. 2A1, 4.127%, 7/26/451,8		71,378		73,487
UBS Commercial Mortgage Trust, Interest-Only Commercial Mtg. Pass-Through Certificates, Series2017-C5, Cl. XA, 14.703%, 11/15/503		15,146,589		905,713
Wells Fargo Commercial Mortgage Trust, Series 2015-NXS1, Cl. ASB, 2.934%, 5/15/48		3,750,000		3,836,585
Wells Fargo Commercial Mortgage Trust, Interest-Only Commercial Mtg. Pass-Through Certificates, Series2017-C42, Cl. XA, 12.874%, 12/15/503		12,148,001		757,235
Wells Fargo Mortgage Backed Securities Trust, Series2019-1, Cl. A7, 4.00%, 11/25/481,8		1,654,428		1,668,846
WF-RBS Commercial Mortgage Trust, Series2014-C22, Cl. A3, 3.528%, 9/15/57		431,618		443,265
WF-RBS Commercial Mortgage Trust, Interest-Only Commercial Mtg. Pass-Through Certificates, Series2011-C3, Cl. XA, 34.511%, 3/15/441,3		7,143,754		125,932
				60,919,199
Multi-Family—0.5%
Connecticut Avenue Securities:
Series2014-C02, Cl. 2M2, 4.745% [US0001M+260], 5/25/242		1,478,371		1,533,145
Series2017-C04, Cl. 2M1, 2.995% [US0001M+85], 11/25/292		2,014,946		2,016,492
FREMF Mortgage Trust, Series2012-K23, Cl. C, 3.782%, 10/25/451,8		5,250,000		5,441,139
				8,990,776
Residential—4.4%
Banc of America Funding Trust, Series2014-R7, Cl. 3A1, 5.005%, 3/26/361,8		142,837		143,307
Bear Stearns ARM Trust:
Series2005-9, Cl. A1, 4.27% [H15T1Y+230], 10/25/352		305,313		313,725
Series2006-1, Cl. A1, 4.95% [H15T1Y+225], 2/25/362		666,919		684,549
CHL Mortgage Pass-Through Trust:
Series2005-17, Cl. 1A8, 5.50%, 9/25/35		614,274		620,092
Series2005-J4, Cl. A7, 5.50%, 11/25/35		580,570		589,626
Citigroup Mortgage Loan Trust, Inc., Series2006-AR1, Cl. 1A1, 4.71% [H15T1Y+240], 10/25/352		1,357,893		1,390,141
Connecticut Avenue Securities:
Series2015-C01, Cl. 1M2, 6.445% [US0001M+430], 2/25/252		1,686,908		1,779,408
Series2016-C03, Cl. 1M1, 4.145% [US0001M+200], 10/25/282		291,934		292,983
Series2017-C02, Cl. 2M1, 3.295% [US0001M+115], 9/25/292		2,075,571		2,079,514
Series2017-C03, Cl. 1M1, 3.095% [US0001M+95], 10/25/292		2,866,988		2,872,780
Series2017-C06, Cl. 1M1, 2.895% [US0001M+75], 2/25/302		767,199		767,328
Series2017-C07, Cl. 1M1, 2.795% [US0001M+65], 5/28/302		1,686,437		1,686,665
Series2018-C01, Cl. 1M1, 2.745% [US0001M+60], 7/25/302		5,441,008		5,440,388
Series2018-C02, Cl. 2M1, 2.795% [US0001M+65], 8/25/302		564,206		564,283

22      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

	Principal Amount		Value
Residential (Continued)
Connecticut Avenue Securities: (Continued)
Series2018-C03, Cl. 1M1, 2.825% [US0001M+68], 10/25/302	$	2,916,522	$	2,917,377
Series2018-C04, Cl. 2M1, 2.895% [US0001M+75], 12/25/302		1,991,888		1,992,859
Series2018-C05, Cl. 1M1, 2.865% [US0001M+72], 1/25/312		1,111,561		1,112,091
Series2018-C06, Cl. 1M1, 2.695% [US0001M+55], 3/25/312		272,098		272,041
Series2018-C06, Cl. 2M1, 2.695% [US0001M+55], 3/25/312		358,404		358,315
Connecticut Avenue Securities Trust:
Series2018-R07, Cl. 1M1, 2.895% [US0001M+75], 4/25/311,2		700,861		701,118
Series2019-R01, Cl. 2M1, 2.995% [US0001M+85], 7/25/311,2		2,129,225		2,132,351
Series2019-R02, Cl. 1M1, 2.995% [US0001M+85], 8/25/311,2		4,289,137		4,293,714
Series2019-R02, Cl. 1M2, 4.445% [US0001M+230], 8/25/311,2		1,815,000		1,833,188
Series2019-R03, Cl. 1M2, 4.295% [US0001M+215], 9/25/311,2		1,685,000		1,697,372
GSR Mortgage Loan Trust, Series2005-AR4, Cl. 6A1, 4.649%, 7/25/358		149,377		153,147
HomeBanc Mortgage Trust, Series2005-3, Cl. A2, 2.455% [US0001M+31], 7/25/352		118,681		118,913
RALI Trust, Series 2006-QS13, Cl. 1A8, 6.00%, 9/25/36		6,674		6,158
STACR Trust:
Series 2018-DNA2, Cl. M1, 2.945% [US0001M+80], 12/25/301,2		4,019,453		4,025,786
Series 2018-DNA3, Cl. M1, 3.016% [US0001M+75], 9/25/481,2		750,060		750,899
Series 2018-HRP2, Cl. M2, 3.395% [US0001M+125], 2/25/471,2		2,850,000		2,857,115
Structured Agency Credit Risk Debt Nts.:
Series2013-DN2, Cl. M2, 6.395% [US0001M+425], 11/25/232		2,909,234		3,136,148
Series2014-DN1, Cl. M2, 4.345% [US0001M+220], 2/25/242		452,938		458,239
Series2014-DN1, Cl. M3, 6.645% [US0001M+450], 2/25/242		1,260,000		1,373,553
Series2014-DN2, Cl. M3, 5.745% [US0001M+360], 4/25/242		7,345,000		7,810,350
Series2014-DN4, Cl. M3, 6.695% [US0001M+455], 10/25/242		406,443		436,130
Series2014-HQ2, Cl. M3, 5.895% [US0001M+375], 9/25/242		3,100,000		3,363,773
Series 2015-HQA2, Cl. M2, 4.945% [US0001M+280], 5/25/282		81,581		82,151
Series 2016-DNA1, Cl. M2, 5.166% [US0001M+290], 7/25/282		203,478		205,080
Series 2017-HQA1, Cl. M1, 3.345% [US0001M+120], 8/25/292		2,022,584		2,026,281

23      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

SCHEDULE OF INVESTMENTSContinued

	Principal Amount		Value
Residential (Continued)
Structured Agency Credit Risk Debt Nts.: (Continued)
Series 2017-HQA2, Cl. M1, 2.945% [US0001M+80], 12/25/292	$	1,129,812	$	1,130,605
Series 2017-HQA3, Cl. M1, 2.695% [US0001M+55], 4/25/302		1,610,794		1,610,884
Series 2018-DNA1, Cl. M1, 2.595% [US0001M+45], 7/25/302		5,645,414		5,638,159
WaMu Mortgage Pass-Through Certificates Trust:
Series 2003-AR10, Cl. A7, 4.499%, 10/25/338		226,060		232,541
Series 2005-AR14, Cl. 1A4, 4.168%, 12/25/358		79,129		78,903
Series 2005-AR16, Cl. 1A1, 4.218%, 12/25/358		365,427		364,598
Wells Fargo Mortgage-Backed Securities Trust:
Series2005-AR1, Cl. 1A1, 5.083%, 2/25/358		723,910		751,718
Series 2005-AR15, Cl. 1A2, 4.792%, 9/25/358		759,911		756,639
Series2005-AR4, Cl. 2A2, 5.102%, 4/25/358		1,057,820		1,077,467
Series 2006-AR10, Cl. 1A1, 5.041%, 7/25/368		35,364		36,026
Series 2006-AR10, Cl. 5A5, 5.024%, 7/25/368		752,019		764,876
Series2006-AR7, Cl. 2A4, 5.088%, 5/25/368		69,665		72,488
				75,853,842
Total Mortgage-Backed Obligations (Cost $280,638,961)				281,868,504
Corporate Bonds and Notes—67.0%
Consumer Discretionary—10.0%
Auto Components—0.5%
Goodyear Tire & Rubber Co. (The), 5.125% Sr. Unsec. Nts., 11/15/23		4,255,000		4,324,144
ZF North America Capital, Inc., 4.00% Sr. Unsec. Nts., 4/29/201		3,400,000		3,411,247
				7,735,391
Automobiles—2.6%
BMW Finance NV, 2.40% Sr. Unsec. Nts., 8/14/241		6,000,000		6,016,717
Daimler Finance North America LLC, 2.70% Sr. Unsec. Nts., 6/14/241		5,700,000		5,734,960
General Motors Financial Co., Inc., 3.95% Sr. Unsec. Nts., 4/13/24		6,200,000		6,419,200
Harley-Davidson Financial Services, Inc., 3.35% Sr. Unsec. Nts., 2/15/231		7,000,000		7,151,082
Hyundai Capital America, 3.10% Sr. Unsec. Nts., 4/5/221		6,500,000		6,580,966
Jaguar Land Rover Automotive plc, 3.50% Sr. Unsec. Nts., 3/15/201		4,000,000		3,995,000
Toyota Motor Corp., 2.358% Sr. Unsec. Nts., 7/2/24		4,000,000		4,081,218
Volkswagen Group of America Finance LLC, 4.00% Sr. Unsec. Nts., 11/12/211		4,090,000		4,235,786
				44,214,929
Diversified Consumer Services—0.2%
Service Corp. International, 5.375% Sr. Unsec. Nts., 5/15/24		4,150,000		4,286,950

24      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

	Principal Amount		Value
Entertainment—0.8%
Fox Corp., 4.03% Sr. Unsec. Nts., 1/25/241	$	4,505,000	$	4,827,872
Netflix, Inc., 5.50% Sr. Unsec. Nts., 2/15/22		4,166,000		4,452,413
Viacom, Inc., 4.25% Sr. Unsec. Nts., 9/1/23		3,900,000		4,166,118
				13,446,403
Hotels, Restaurants & Leisure—1.2%
Aramark Services, Inc., 5.00% Sr. Unsec. Nts., 4/1/251		3,282,000		3,399,003
International Game Technology plc, 6.25% Sr. Sec. Nts., 2/15/221		3,800,000		4,037,500
Las Vegas Sands Corp., 3.20% Sr. Unsec. Nts., 8/8/24		4,300,000		4,393,182
Marriott International, Inc., 3.25% Sr. Unsec. Nts., 9/15/22		4,100,000		4,202,375
Royal Caribbean Cruises Ltd., 5.25% Sr. Unsec. Nts., 11/15/22		5,000,000		5,450,538
				21,482,598
Household Durables—0.8%
DR Horton, Inc., 4.75% Sr. Unsec. Nts., 2/15/23		5,215,000		5,585,392
Lennar Corp.:
2.95% Sr. Unsec. Nts., 11/29/20		3,000,000		3,007,500
4.125% Sr. Unsec. Nts., 1/15/22		2,300,000		2,382,685
Newell Brands, Inc., 3.85% Sr. Unsec. Nts., 4/1/23		2,306,000		2,375,790
Toll Brothers Finance Corp., 4.875% Sr. Unsec. Nts., 11/15/25		544,000		585,480
				13,936,847
Internet & Catalog Retail—0.4%
QVC, Inc., 5.125% Sr. Sec. Nts., 7/2/22		5,875,000		6,207,249
Media—2.0%
CBS Corp., 2.90% Sr. Unsec. Nts., 6/1/23		4,400,000		4,495,776
CCO Holdings LLC/CCO Holdings Capital Corp., 5.125% Sr. Unsec. Nts., 2/15/23		3,291,000		3,352,706
Charter Communications Operating LLC/Charter Communications Operating Capital, 4.50% Sr. Sec. Nts., 2/1/24		4,000,000		4,306,339
Interpublic Group of Cos., Inc. (The), 4.20% Sr. Unsec. Nts., 4/15/24		4,800,000		5,188,524
Omnicom Group, Inc./Omnicom Capital, Inc., 3.625% Sr. Unsec. Nts., 5/1/22		5,400,000		5,620,756
Time Warner Cable LLC, 4.00% Sr. Sec. Nts., 9/1/21		3,600,000		3,692,648
Virgin Media Secured Finance plc, 5.50% Sr. Sec. Nts., 8/15/261		3,400,000		3,565,750
WPP Finance 2010, 3.75% Sr. Unsec. Nts., 9/19/24		4,100,000		4,289,057
				34,511,556
Multiline Retail—0.2%
Dollar Tree, Inc., 3.70% Sr. Unsec. Nts., 5/15/23		4,000,000		4,168,577
Specialty Retail—1.1%
Advance Auto Parts, Inc., 4.50% Sr. Unsec. Nts., 12/1/23		3,900,000		4,202,420
AutoNation, Inc., 3.35% Sr. Unsec. Nts., 1/15/21		4,000,000		4,040,206

25      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

SCHEDULE OF INVESTMENTSContinued

	Principal Amount		Value
Specialty Retail (Continued)
Gap, Inc. (The), 5.95% Sr. Unsec. Nts., 4/12/21	$	4,080,000	$	4,249,981
Penske Truck Leasing Co. LP/PTL Finance Corp., 3.45% Sr. Unsec. Nts., 7/1/241		6,000,000		6,250,327
				18,742,934
Textiles, Apparel & Luxury Goods—0.2%
Hanesbrands, Inc., 4.625% Sr. Unsec. Nts., 5/15/241		3,500,000		3,679,375
Consumer Staples—5.5%
Beverages—1.6%
Anheuser-Busch InBev Worldwide, Inc.:
3.50% Sr. Unsec. Nts., 1/12/24		3,200,000		3,393,169
4.15% Sr. Unsec. Nts., 1/23/25		4,600,000		5,040,349
Beam Suntory, Inc., 3.25% Sr. Unsec. Nts., 5/15/22		1,560,000		1,592,577
Constellation Brands, Inc., 3.75% Sr. Unsec. Nts., 5/1/21		5,155,000		5,274,960
Keurig Dr Pepper, Inc., 4.057% Sr. Unsec. Nts., 5/25/23		6,546,000		6,956,014
Pernod Ricard SA, 4.25% Sr. Unsec. Nts., 7/15/221		4,700,000		4,980,085
				27,237,154
Food & Staples Retailing—0.8%
Alimentation Couche-Tard, Inc., 2.70% Sr. Unsec. Nts., 7/26/221		3,600,000		3,639,168
Kroger Co. (The):
2.80% Sr. Unsec. Nts., 8/1/22		2,550,000		2,599,111
2.95% Sr. Unsec. Nts., 11/1/21		3,053,000		3,102,250
Walgreen Co., 3.10% Sr. Unsec. Nts., 9/15/22		2,500,000		2,568,172
Walgreens Boots Alliance, Inc., 3.30% Sr. Unsec. Nts., 11/18/21		1,650,000		1,689,677
				13,598,378
Food Products—2.6%
Bunge Ltd. Finance Corp., 4.35% Sr. Unsec. Nts., 3/15/24		4,200,000		4,487,077
Campbell Soup Co., 3.65% Sr. Unsec. Nts., 3/15/23		4,000,000		4,163,805
Conagra Brands, Inc., 4.30% Sr. Unsec. Nts., 5/1/24		4,100,000		4,405,570
General Mills, Inc., 3.20% Sr. Unsec. Nts., 4/16/21		2,000,000		2,035,781
Kraft Heinz Foods Co., 4.00% Sr. Unsec. Nts., 6/15/23		6,400,000		6,654,898
Lamb Weston Holdings, Inc., 4.625% Sr. Unsec. Nts., 11/1/241		4,000,000		4,201,640
Mondelez International, Inc., 3.625% Sr. Unsec. Nts., 5/7/23		6,400,000		6,744,749
Smithfield Foods, Inc.:
2.65% Sr. Unsec. Nts., 10/3/211		2,000,000		1,979,443
3.35% Sr. Unsec. Nts., 2/1/221		4,000,000		4,012,825
Tyson Foods, Inc., 3.90% Sr. Unsec. Nts., 9/28/23		5,658,000		6,023,386
				44,709,174
Tobacco—0.5%
Altria Group, Inc., 4.00% Sr. Unsec. Nts., 1/31/24		3,950,000		4,221,628
Imperial Brands Finance plc, 3.125% Sr. Unsec. Nts., 7/26/241		4,200,000		4,275,857
				8,497,485

26      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

	Principal Amount		Value
Energy—7.2%
Energy Equipment & Services—0.2%
Schlumberger Holdings Corp., 3.75% Sr. Unsec. Nts., 5/1/241	$	4,200,000	$	4,444,227
Oil, Gas & Consumable Fuels—7.0%
Andeavor Logistics LP/Tesoro Logistics Finance Corp., 3.50% Sr. Unsec. Nts., 12/1/22		6,000,000		6,167,195
Apache Corp., 3.25% Sr. Unsec. Nts., 4/15/22		2,539,000		2,586,651
Canadian Natural Resources Ltd., 2.95% Sr. Unsec. Nts., 1/15/23		4,150,000		4,218,809
Cenovus Energy, Inc., 5.70% Sr. Unsec. Nts., 10/15/19		1,307,692		1,312,071
Cimarex Energy Co., 4.375% Sr. Unsec. Nts., 6/1/24		4,000,000		4,220,717
Columbia Pipeline Group, Inc., 3.30% Sr. Unsec. Nts., 6/1/20		4,150,000		4,177,949
Continental Resources, Inc., 5.00% Sr. Unsec. Nts., 9/15/22		2,719,000		2,745,107
Enbridge Energy Partners LP, 4.20% Sr. Unsec. Nts., 9/15/21		2,400,000		2,479,323
Enbridge, Inc., 2.90% Sr. Unsec. Nts., 7/15/22		5,000,000		5,098,493
Energy Transfer Operating LP:
4.25% Sr. Unsec. Nts., 3/15/23		3,160,000		3,321,451
5.875% Sr. Sub. Nts., 1/15/24		4,100,000		4,590,875
EQM Midstream Partners LP, 4.75% Sr. Unsec. Nts., 7/15/23		4,000,000		4,035,344
EQT Corp., 3.00% Sr. Unsec. Nts., 10/1/22		2,333,000		2,234,395
Florida Gas Transmission Co. LLC, 5.45% Sr. Unsec. Nts., 7/15/201		2,000,000		2,052,143
Husky Energy, Inc.:
3.95% Sr. Unsec. Nts., 4/15/22		2,050,000		2,122,921
7.25% Sr. Unsec. Nts., 12/15/19		1,800,000		1,823,471
Kinder Morgan Energy Partners LP, 6.85% Sr. Unsec. Nts., 2/15/20		2,900,000		2,955,790
Kinder Morgan, Inc., 3.15% Sr. Unsec. Nts., 1/15/23		3,400,000		3,495,782
Marathon Oil Corp., 2.70% Sr. Unsec. Nts., 6/1/20		3,840,000		3,849,186
Marathon Petroleum Corp.:
3.40% Sr. Unsec. Nts., 12/15/20		4,500,000		4,555,108
4.75% Sr. Unsec. Nts., 12/15/23		1,150,000		1,253,890
Midwest Connector Capital Co. LLC, 3.90% Sr. Unsec. Nts., 4/1/241		4,509,000		4,744,596
Newfield Exploration Co., 5.625% Sr. Unsec. Nts., 7/1/24		4,000,000		4,410,142
Noble Energy, Inc., 4.15% Sr. Unsec. Nts., 12/15/21		4,045,000		4,178,560
Occidental Petroleum Corp., 2.90% Sr. Unsec. Nts., 8/15/24		6,000,000		6,062,948
ONEOK Partners LP, 4.90% Sr. Unsec. Nts., 3/15/25		4,500,000		4,922,979
Phillips 66, 2.732% [US0003M+60] Sr. Unsec. Nts., 2/26/212		5,600,000		5,600,244
Plains All American Pipeline LP/PAA Finance Corp., 3.85% Sr. Unsec. Nts., 10/15/23		4,200,000		4,362,352
Sabine Pass Liquefaction LLC, 5.75% Sr. Sec. Nts., 5/15/24		3,840,000		4,289,085
Targa Resources Partners LP/Targa Resources Partners Finance Corp., 4.25% Sr. Unsec. Nts., 11/15/23		4,400,000		4,411,000
TC PipeLines LP, 4.65% Sr. Unsec. Nts., 6/15/21		2,600,000		2,683,383
Williams Cos, Inc. (The), 3.35% Sr. Unsec. Nts., 8/15/22		4,800,000		4,922,569
				119,884,529

27      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

SCHEDULE OF INVESTMENTSContinued

	Principal Amount		Value
Financials—14.4%
Capital Markets—2.7%
Ameriprise Financial, Inc., 3.00% Sr. Unsec. Nts., 3/22/22	$	3,000,000	$	3,071,898
BAT Capital Corp., 3.222% Sr. Unsec. Nts., 8/15/24		5,300,000		5,455,617
Goldman Sachs Group, Inc. (The):
2.35% Sr. Unsec. Nts., 11/15/21		4,000,000		4,008,303
2.908% [US0003M+105.3] Sr. Unsec. Nts., 6/5/232		5,000,000		5,090,119
Macquarie Group Ltd., 3.189% [US0003M+102.3] Sr. Unsec. Nts., 11/28/231,2		4,700,000		4,815,540
Moody’s Corp., 2.625% Sr. Unsec. Nts., 1/15/23		6,600,000		6,699,706
Morgan Stanley:
2.72% [SOFRRATE+115.2] Sr. Unsec. Nts., 7/22/252		3,000,000		3,059,450
2.75% Sr. Unsec. Nts., 5/19/22		5,600,000		5,698,303
State Street Corp., 2.653% [US0003M+63.5] Sr. Unsec. Nts., 5/15/232		4,000,000		4,065,566
UBS Group Funding Switzerland AG, 2.65% Sr. Sub. Nts., 2/1/221		4,300,000		4,348,490
				46,312,992
Commercial Banks—6.7%
Banco Santander SA, 2.706% Sr. Unsec. Nts., 6/27/24		4,200,000		4,278,275
Bank of America Corp.:
2.738% [US0003M+37] Sr. Unsec. Nts., 1/23/222		1,450,000		1,462,100
3.004% [US0003M+79] Sr. Unsec. Nts., 12/20/232		2,780,000		2,854,484
3.124% [US0003M+116] Sr. Unsec. Nts., 1/20/232		4,800,000		4,913,087
3.864% [US0003M+94] Sr. Unsec. Nts., 7/23/242		4,900,000		5,205,694
Bank of Ireland Group plc, 4.50% Sr. Unsec. Nts., 11/25/231		3,245,000		3,418,400
Bank of Montreal, Series E, 3.30% Sr. Unsec. Nts., 2/5/24		3,359,000		3,522,354
BBVA USA, 2.50% Sr. Unsec. Nts., 8/27/24		3,443,000		3,456,031
BPCE SA, 2.65% Sr. Unsec. Nts., 2/3/21		2,750,000		2,773,518
Canadian Imperial Bank of Commerce, 3.10% Sr. Unsec. Nts., 4/2/24		4,259,000		4,422,675
Citibank NA, 3.40% Sr. Unsec. Nts., 7/23/21		1,600,000		1,639,910
Citizens Bank NA (Providence RI), 2.65% Sr. Unsec. Nts., 5/26/22		4,200,000		4,266,192
Credit Agricole SA (London), 3.375% Sr. Unsec. Nts., 1/10/221		3,600,000		3,689,200
Fifth Third Bancorp, 2.60% Sr. Unsec. Nts., 6/15/22		3,500,000		3,547,491
First Horizon National Corp., 3.50% Sr. Unsec. Nts., 12/15/20		3,436,000		3,479,260
Ford Motor Credit Co. LLC, 3.336% Sr. Unsec. Nts., 3/18/21		4,299,000		4,328,369
HSBC Holdings plc, 3.95% [US0003M+98.723] Sr. Unsec. Nts., 5/18/242		3,200,000		3,358,651
Huntington Bancshares, Inc., 2.625% Sr. Unsec. Nts., 8/6/24		3,500,000		3,572,254
JPMorgan Chase & Co.:
2.295% Sr. Unsec. Nts., 8/15/21		2,265,000		2,271,144
2.776% [US0003M+93.5] Sr. Unsec. Nts., 4/25/232		4,200,000		4,268,026
Lloyds Bank plc, 2.25% Sr. Unsec. Nts., 8/14/22		4,306,000		4,313,731
Lloyds Banking Group plc, 2.907% [US0003M+81] Sr. Unsec. Nts., 11/7/232		3,800,000		3,813,670
M&T Bank Corp., 3.55% Sr. Unsec. Nts., 7/26/23		1,655,000		1,747,375

28      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

	Principal Amount		Value
Commercial Banks (Continued)
PNC Financial Services Group, Inc. (The), 3.50% Sr. Unsec. Nts., 1/23/24	$	6,000,000	$	6,378,832
Regions Financial Corp., 2.75% Sr. Unsec. Nts., 8/14/22		2,336,000		2,377,961
Santander Holdings USA, Inc., 3.50% Sr. Unsec. Nts., 6/7/24		3,413,000		3,532,505
SunTrust Bank (Atlanta GA):
3.20% Sr. Unsec. Nts., 4/1/24		3,400,000		3,567,796
3.689% [US0003M+73.5] Sr. Unsec. Nts., 8/2/242		3,700,000		3,902,777
Synovus Financial Corp., 3.125% Sr. Unsec. Nts., 11/1/22		2,206,000		2,214,548
Wells Fargo & Co., 2.625% Sr. Unsec. Nts., 7/22/22		9,100,000		9,258,141
Zions Bancorp NA, 3.35% Sr. Unsec. Nts., 3/4/22		3,000,000		3,073,068
				114,907,519
Consumer Finance—1.6%
American Express Co.:
2.50% Sr. Unsec. Nts., 8/1/22		5,700,000		5,782,173
2.75% Sr. Unsec. Nts., 5/20/22		2,600,000		2,651,349
Capital One Financial Corp., 3.20% Sr. Unsec. Nts., 1/30/23		4,200,000		4,330,316
Discover Bank, 3.35% Sr. Unsec. Nts., 2/6/23		2,600,000		2,692,281
Micron Technology, Inc., 4.64% Sr. Unsec. Nts., 2/6/24		4,219,000		4,500,586
Nissan Motor Acceptance Corp., 3.875% Sr. Unsec. Nts., 9/21/231		4,000,000		4,217,387
Synchrony Financial, 4.25% Sr. Unsec. Nts., 8/15/24		3,440,000		3,664,986
				27,839,078
Diversified Financial Services—0.5%
GLP Capital LP/GLP Financing II, Inc., 3.35% Sr. Unsec. Nts., 9/1/24		4,000,000		4,050,560
INVISTA Finance LLC, 4.25% Sr. Sec. Nts., 10/15/191		4,055,000		4,075,484
				8,126,044
Insurance—0.6%
AXA Equitable Holdings, Inc., 3.90% Sr. Unsec. Nts., 4/20/23		5,000,000		5,254,757
Boardwalk Pipelines LP, 3.375% Sr. Unsec. Nts., 2/1/23		2,850,000		2,888,501
Marsh & McLennan Cos., Inc., 2.75% Sr. Unsec. Nts., 1/30/22		2,800,000		2,846,805
				10,990,063
Real Estate Investment Trusts (REITs)—2.3%
Alexandria Real Estate Equities, Inc., 4.00% Sr. Unsec. Nts., 1/15/24		3,000,000		3,227,420
American Tower Corp., 3.00% Sr. Unsec. Nts., 6/15/23		5,159,000		5,299,106
Crown Castle International Corp., 3.20% Sr. Unsec. Nts., 9/1/24		4,250,000		4,401,165
Digital Realty Trust LP, 2.75% Sr. Unsec. Nts., 2/1/23		4,900,000		4,971,065
HCP, Inc., 4.25% Sr. Unsec. Nts., 11/15/23		1,877,000		2,018,088
Lamar Media Corp., 5.375% Sr. Unsec. Nts., 1/15/24		1,600,000		1,652,000
Ventas Realty LP, 2.65% Sr. Unsec. Nts., 1/15/25		4,250,000		4,309,435
VEREIT Operating Partnership LP, 4.60% Sr. Unsec. Nts., 2/6/24		3,900,000		4,214,529
Welltower, Inc., 3.625% Sr. Unsec. Nts., 3/15/24		5,000,000		5,270,889

29      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

SCHEDULE OF INVESTMENTSContinued

	Principal Amount		Value
Real Estate Investment Trusts (REITs) (Continued)
Weyerhaeuser Co., 3.25% Sr. Unsec. Nts., 3/15/23	$	4,200,000	$	4,309,988
				39,673,685
Health Care—5.9%
Biotechnology—0.8%
Biogen, Inc., 3.625% Sr. Unsec. Nts., 9/15/22		4,000,000		4,169,758
Celgene Corp., 3.25% Sr. Unsec. Nts., 2/20/23		5,000,000		5,202,062
Shire Acquisitions Investments Ireland DAC, 2.875% Sr. Unsec. Nts., 9/23/23		4,100,000		4,196,294
				13,568,114
Health Care Equipment & Supplies—1.1%
Becton Dickinson & Co., 3.363% Sr. Unsec. Nts., 6/6/24		5,000,000		5,216,978
Boston Scientific Corp., 3.45% Sr. Unsec. Nts., 3/1/24		3,000,000		3,154,641
Hologic, Inc., 4.375% Sr. Unsec. Nts., 10/15/251		4,391,000		4,511,753
Zimmer Biomet Holdings, Inc., 3.70% Sr. Unsec. Nts., 3/19/23		6,300,000		6,575,525
				19,458,897
Health Care Providers & Services—1.7%
Anthem, Inc., 2.95% Sr. Unsec. Nts., 12/1/22		3,700,000		3,787,697
Cigna Corp., 3.75% Sr. Unsec. Nts., 7/15/23		3,741,000		3,935,323
CVS Health Corp., 2.625% Sr. Unsec. Nts., 8/15/24		7,700,000		7,752,924
Fresenius Medical Care US Finance II, Inc.:
4.125% Sr. Unsec. Nts., 10/15/201		3,400,000		3,450,540
5.875% Sr. Unsec. Nts., 1/31/221		1,275,000		1,366,101
HCA, Inc., 5.375% Sr. Unsec. Nts., 2/1/25		4,065,000		4,522,313
Humana, Inc., 2.90% Sr. Unsec. Nts., 12/15/22		4,150,000		4,236,703
				29,051,601
Life Sciences Tools & Services—0.5%
IQVIA, Inc., 5.00% Sr. Unsec. Nts., 10/15/261		4,255,000		4,504,981
Life Technologies Corp., 6.00% Sr. Unsec. Nts., 3/1/20		3,300,000		3,357,775
				7,862,756
Pharmaceuticals—1.8%
Allergan Funding SCS, 3.85% Sr. Unsec. Nts., 6/15/24		7,600,000		8,031,000
Bayer US Finance II LLC, 3.875% Sr. Unsec. Nts., 12/15/231		5,600,000		5,883,442
Bristol-Myers Squibb Co., 2.90% Sr. Unsec. Nts., 7/26/241		4,250,000		4,409,440
Elanco Animal Health, Inc., 4.272% Sr. Unsec. Nts., 8/28/23		4,000,000		4,191,796
Mylan, Inc., 3.125% Sr. Unsec. Nts., 1/15/231		4,150,000		4,204,413
Takeda Pharmaceutical Co. Ltd., 4.40% Sr. Unsec. Nts., 11/26/231		4,100,000		4,446,663
				31,166,754
Industrials—5.5%
Aerospace & Defense—1.5%
BAE Systems Holdings, Inc., 2.85% Sr. Unsec. Nts., 12/15/201		5,000,000		5,031,598
L3Harris Technologies, Inc., 3.85% Sr. Unsec. Nts., 6/15/231		3,990,000		4,218,996
Rockwell Collins, Inc., 2.80% Sr. Unsec. Nts., 3/15/22		2,700,000		2,747,716

30      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

	Principal Amount		Value
Aerospace & Defense (Continued)
Spirit AeroSystems, Inc., 3.95% Sr. Unsec. Nts., 6/15/23	$	5,000,000	$	5,199,812
Textron, Inc., 4.30% Sr. Unsec. Nts., 3/1/24		4,450,000		4,799,599
United Technologies Corp., 3.65% Sr. Unsec. Nts., 8/16/23		4,000,000		4,247,322
				26,245,043
Airlines—0.3%
Delta Air Lines, Inc., 2.875% Sr. Unsec. Nts., 3/13/20		5,000,000		5,001,527
Building Products—0.4%
Fortune Brands Home & Security, Inc., 4.00% Sr. Unsec. Nts., 9/21/23		3,859,000		4,105,551
Masco Corp., 3.50% Sr. Unsec. Nts., 4/1/21		3,450,000		3,505,387
				7,610,938
Electrical Equipment—0.2%
Sensata Technologies BV, 5.625% Sr. Unsec. Nts., 11/1/241		3,850,000		4,196,500
Industrial Conglomerates—0.5%
General Electric Co., 2.70% Sr. Unsec. Nts., 10/9/22		4,295,000		4,268,629
Roper Technologies, Inc., 2.35% Sr. Unsec. Nts., 9/15/24		4,300,000		4,321,996
				8,590,625
Machinery—1.0%
CNH Industrial Capital LLC, 4.875% Sr. Unsec. Nts., 4/1/21		3,750,000		3,886,462
Fortive Corp., 2.35% Sr. Unsec. Nts., 6/15/21		5,100,000		5,101,446
Nvent Finance Sarl, 3.95% Sr. Unsec. Nts., 4/15/23		4,000,000		4,096,254
Wabtec Corp., 4.40% Sr. Unsec. Nts., 3/15/24		4,000,000		4,286,894
				17,371,056
Professional Services—0.2%
IHS Markit Ltd., 4.125% Sr. Unsec. Nts., 8/1/23		2,540,000		2,680,843
Road & Rail—0.6%
ERAC USA Finance LLC, 2.60% Sr. Unsec. Nts., 12/1/211		5,500,000		5,538,879
Ryder System, Inc., 2.50% Sr. Unsec. Nts., 9/1/24		4,190,000		4,229,107
				9,767,986
Trading Companies & Distributors—0.8%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.50% Sr. Unsec. Nts., 5/26/22		3,967,000		4,076,710
Air Lease Corp.:
3.00% Sr. Unsec. Nts., 9/15/23		3,550,000		3,615,550
4.25% Sr. Unsec. Nts., 2/1/24		1,600,000		1,709,058
United Rentals North America, Inc., 4.625% Sec. Nts., 7/15/23		3,350,000		3,435,844
				12,837,162

31      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

SCHEDULE OF INVESTMENTSContinued

	Principal Amount		Value
Information Technology—4.2%
Electronic Equipment, Instruments, & Components—0.8%
CDW LLC/CDW Finance Corp., 5.00% Sr. Unsec. Nts., 9/1/25	$	1,500,000	$	1,572,188
FLIR Systems, Inc., 3.125% Sr. Unsec. Nts., 6/15/21		4,205,000		4,259,351
Tech Data Corp., 3.70% Sr. Unsec. Nts., 2/15/22		5,000,000		5,129,811
Trimble, Inc., 4.15% Sr. Unsec. Nts., 6/15/23		2,000,000		2,099,457
				13,060,807
IT Services—1.7%
DXC Technology Co., 4.25% Sr. Unsec. Nts., 4/15/24		5,000,000		5,299,708
Fiserv, Inc.:
2.75% Sr. Unsec. Nts., 7/1/24		1,700,000		1,738,899
3.80% Sr. Unsec. Nts., 10/1/23		4,000,000		4,242,719
Global Payments, Inc., 2.65% Sr. Unsec. Nts., 2/15/25		4,300,000		4,328,459
Leidos Holdings, Inc., 4.45% Sr. Sec. Nts., 12/1/20		6,202,000		6,338,878
Total System Services, Inc., 4.00% Sr. Unsec. Nts., 6/1/23		5,000,000		5,281,880
VeriSign, Inc.:
4.75% Sr. Unsec. Nts., 7/15/27		631,000		669,649
5.25% Sr. Unsec. Nts., 4/1/25		2,010,000		2,203,462
				30,103,654
Semiconductors & Semiconductor Equipment—0.8%
Marvell Technology Group Ltd., 4.20% Sr. Unsec. Nts., 6/22/23		4,000,000		4,223,323
Microchip Technology, Inc., 4.333% Sr. Sec. Nts., 6/1/23		4,000,000		4,219,292
NXP BV/NXP Funding LLC, 4.625% Sr. Unsec. Nts., 6/1/231		4,750,000		5,082,742
				13,525,357
Software—0.4%
Autodesk, Inc., 3.125% Sr. Unsec. Nts., 6/15/20		3,000,000		3,015,805
Dell International LLC/EMC Corp., 5.875% Sr. Unsec. Nts., 6/15/211		188,000		191,173
VMware, Inc., 2.95% Sr. Unsec. Nts., 8/21/22		2,900,000		2,947,669
				6,154,647
Technology Hardware, Storage & Peripherals—0.5%
Dell International LLC/EMC Corp., 4.00% Sr. Sec. Nts., 7/15/241		4,300,000		4,497,751
Hewlett Packard Enterprise Co., 4.40% Sr. Unsec. Nts., 10/15/22		4,600,000		4,876,161
				9,373,912
Materials—5.7%
Chemicals—3.0%
Celanese US Holdings LLC, 3.50% Sr. Unsec. Nts., 5/8/24		4,000,000		4,170,540
CF Industries, Inc.:
3.40% Sr. Sec. Nts., 12/1/211		4,385,000		4,466,552
3.45% Sr. Unsec. Nts., 6/1/23		3,511,000		3,603,585
Chevron Phillips Chemical Co. LLC/Chevron Phillips Chemical Co. LP, 3.30% Sr. Unsec. Nts., 5/1/231		4,000,000		4,142,629

32      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

	Principal Amount		Value
Chemicals (Continued)
Dow Chemical Co. (The), 3.15% Sr. Unsec. Nts., 5/15/241	$	4,000,000	$	4,133,678
DuPont de Nemours, Inc., 4.205% Sr. Unsec. Nts., 11/15/23		6,550,000		7,061,062
Eastman Chemical Co., 3.50% Sr. Unsec. Nts., 12/1/21		1,720,000		1,763,258
LyondellBasell Industries NV, 6.00% Sr. Unsec. Nts., 11/15/21		3,600,000		3,856,191
Methanex Corp., 3.25% Sr. Unsec. Nts., 12/15/19		3,400,000		3,401,367
Nutrien Ltd.:
3.50% Sr. Unsec. Nts., 6/1/23		3,800,000		3,935,150
4.875% Sr. Unsec. Nts., 3/30/20		335,000		339,828
PolyOne Corp., 5.25% Sr. Unsec. Nts., 3/15/23		4,075,000		4,395,906
PPG Industries, Inc., 2.40% Sr. Unsec. Nts., 8/15/24		4,300,000		4,329,521
Sherwin-Williams Co. (The), 2.75% Sr. Unsec. Nts., 6/1/22		1,868,000		1,897,570
				51,496,837
Construction Materials—0.3%
Boral Finance Pty Ltd., 3.00% Sr. Unsec. Nts., 11/1/221		4,200,000		4,232,994
Containers & Packaging—0.8%
Ball Corp.:
4.375% Sr. Unsec. Nts., 12/15/20		3,300,000		3,382,500
4.875% Sr. Unsec. Nts., 3/15/26		915,000		1,006,500
Graphic Packaging International LLC, 4.75% Sr. Unsec. Nts., 4/15/21		1,958,000		2,014,292
Packaging Corp. of America, 3.65% Sr. Unsec. Nts., 9/15/24		3,504,000		3,683,752
Sealed Air Corp.:
5.50% Sr. Unsec. Nts., 9/15/251		1,015,000		1,103,813
6.50% Sr. Unsec. Nts., 12/1/201		3,100,000		3,208,500
				14,399,357
Metals & Mining—1.4%
Anglo American Capital plc, 3.75% Sr. Unsec. Nts., 4/10/221		3,000,000		3,087,243
ArcelorMittal:
3.60% Sr. Unsec. Nts., 7/16/24		4,200,000		4,265,759
6.25% Sr. Unsec. Nts., 2/25/22		3,600,000		3,908,469
Newcrest Finance Pty Ltd., 4.45% Sr. Unsec. Nts., 11/15/211		3,650,000		3,800,551
Newmont Goldcorp Corp., 3.70% Sr. Unsec. Nts., 3/15/23		4,650,000		4,845,373
Steel Dynamics, Inc., 5.50% Sr. Unsec. Nts., 10/1/24		4,000,000		4,132,000
				24,039,395
Paper & Forest Products—0.2%
Domtar Corp., 4.40% Sr. Unsec. Nts., 4/1/22		3,800,000		3,966,870
Telecommunication Services—2.2%
Diversified Telecommunication Services—1.8%
AT&T, Inc., 3.60% Sr. Unsec. Nts., 2/17/23		6,600,000		6,903,631
British Telecommunications plc, 4.50% Sr. Unsec. Nts., 12/4/23		4,083,000		4,396,981
CenturyLink, Inc., 5.625% Sr. Unsec. Nts., 4/1/20		3,400,000		3,472,250
Deutsche Telekom International Finance BV, 2.82% Sr. Unsec. Nts., 1/19/221		5,600,000		5,678,452

33      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

SCHEDULE OF INVESTMENTSContinued

	Principal Amount		Value
Diversified Telecommunication Services (Continued)
Telefonica Emisiones SA, 4.57% Sr. Sub. Nts., 4/27/23	$	6,100,000	$	6,602,603
T-Mobile USA, Inc., 6.375% Sr. Unsec. Nts., 3/1/25		3,800,000		3,944,400
				30,998,317
Wireless Telecommunication Services—0.4%
Vodafone Group plc, 3.75% Sr. Unsec. Nts., 1/16/24		6,371,000		6,744,334
Utilities—6.4%
Electric Utilities—4.1%
Alliant Energy Finance LLC, 3.75% Sr. Unsec. Nts., 6/15/231		4,000,000		4,202,428
EDP Finance BV, 3.625% Sr. Unsec. Nts., 7/15/241		4,150,000		4,315,614
Emera US Finance LP, 2.70% Sr. Unsec. Nts., 6/15/21		4,700,000		4,735,316
Enel Finance International NV, 2.75% Sr. Unsec. Nts., 4/6/231		6,000,000		6,043,877
Entergy Corp., 5.125% Sr. Unsec. Nts., 9/15/20		3,500,000		3,573,712
Evergy, Inc., 4.85% Sr. Unsec. Nts., 6/1/21		1,640,000		1,700,240
Eversource Energy, 3.80% Sr. Unsec. Nts., 12/1/23		4,200,000		4,472,089
Exelon Corp., 3.497% Jr. Sub. Nts., 6/1/22		4,000,000		4,119,847
FirstEnergy Corp., 4.25% Sr. Unsec. Nts., 3/15/23		3,900,000		4,146,921
Fortis, Inc., 2.10% Sr. Unsec. Nts., 10/4/21		4,350,000		4,334,448
Iberdrola Finance Ireland DAC, 5.00% Sr. Sub. Nts., 9/11/191		2,000,000		2,000,858
NextEra Energy Capital Holdings, Inc., 3.15% Sr. Unsec. Nts., 4/1/24		5,000,000		5,211,816
NextEra Energy Operating Partners LP, 4.25% Sr. Unsec. Nts., 9/15/241		4,460,000		4,641,745
PNM Resources, Inc., 3.25% Sr. Unsec. Nts., 3/9/21		4,000,000		4,046,776
PPL WEM Ltd./Western Power Distribution Ltd., 5.375% Sr. Unsec. Nts., 5/1/211		6,148,000		6,366,432
Progress Energy, Inc., 4.40% Sr. Unsec. Nts., 1/15/21		750,000		769,423
Southern Power Co., 2.50% Sr. Unsec. Nts., 12/15/21		3,700,000		3,721,906
Southwestern Electric Power Co., 3.55% Sr. Unsec. Nts., 2/15/22		2,000,000		2,056,017
				70,459,465
Independent Power and Renewable Electricity Producers—0.6%
IPALCO Enterprises, Inc., 3.45% Sr. Sec. Nts., 7/15/20		3,400,000		3,421,781
NRG Energy, Inc., 3.75% Sr. Sec. Nts., 6/15/241		4,250,000		4,401,686
Vistra Operations Co. LLC, 3.55% Sr. Sec. Nts., 7/15/241		3,000,000		3,036,689
				10,860,156
Multi-Utilities—1.7%
CenterPoint Energy, Inc., 2.50% Sr. Unsec. Nts., 9/1/24		7,000,000		7,028,604
Dominion Energy, Inc., 3.071% Jr. Sub. Nts., 8/15/248		5,000,000		5,146,833
DTE Energy Co., 2.529% Sr. Unsec. Nts., 10/1/24		5,200,000		5,250,505
NiSource, Inc., 3.85% Sr. Unsec. Nts., 2/15/23		3,500,000		3,659,152
PSEG Power LLC, 3.85% Sr. Unsec. Nts., 6/1/23		4,000,000		4,228,522
Sempra Energy, 2.40% Sr. Unsec. Nts., 3/15/20		4,000,000		3,996,158
				29,309,774
Total Corporate Bonds and Notes (Cost $1,119,923,832)				1,152,768,815

34      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

	Shares		Value
Investment Company—4.5%
Invesco Government & Agency Portfolio, Institutional Class, 2.02%9(Cost $77,103,691)		77,103,691	$	77,104,539
Total Investments, at Value (Cost $1,720,889,642)		102.3%		1,759,463,511
Net Other Assets (Liabilities)		(2.3)		(40,191,733	)
Net Assets		100.0%	$	1,719,271,778

Footnotes to Statement of Investments

1. 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 August 31, 2019 was $476,118,450, which represented 27.69% of the Fund’s Net Assets.

2. Represents the current interest rate for a variable or increasing rate security, which may be fixed for a predetermined period. The interest rate is, or will be as of an established date, determined as [Referenced Rate + Basis-point spread].

3. Interest-Only Strips represent the right to receive the monthly interest payments on an underlying pool of mortgage loans. These securities typically decline in price as interest rates decline. Most other fixed income securities increase in price when interest rates decline. The principal amount of the underlying pool represents the notional amount on which current interest is calculated. The price of these securities is typically more sensitive to changes in prepayment rates than traditional mortgage-backed securities (for example, GNMA pass-throughs). Interest rates disclosed represent current yields based upon the current cost basis and estimated timing and amount of future cash flows. These securities amount to $25,336,259 or 1.47% of the Fund’s net assets at period end.

4. The value of this security was determined using significant unobservable inputs. See Note 3 of the accompanying Notes.

5. Interest rate is less than 0.0005%.

6. All or a portion of the security position is when-issued or delayed delivery to be delivered and settled after period end. See Note 1 of the accompanying Notes.

7. Principal-Only Strips represent the right to receive the monthly principal payments on an underlying pool of mortgage loans. The value of these securities generally increases as interest rates decline and prepayment rates rise. The price of these securities is typically more volatile than that of coupon-bearing bonds of the same maturity. Interest rates disclosed represent current yields based upon the current cost basis and estimated timing of future cash flows. These securities amount to $38,674 or less than 0.005% of the Fund’s net assets at period end.

8. This interest rate resets periodically. Interest rate shown reflects the rate in effect at period end. The rate on this variable rate security is not based on a published reference rate and spread but is determined by the issuer or agent based on current market conditions.

9.The money market fund and the Fund are affiliated by having the same investment adviser. The rate shown is the7-day SEC standardized yield as of August 31, 2019.

Futures Contracts as of August 31, 2019
			Expiration		Number		Notional Amount			Unrealized Appreciation/
Description	Buy/Sell		Date		of Contracts		(000’s)	Value		(Depreciation)
United States Treasury Long Bonds		Buy		12/19/19		35	USD 5,793	$	5,783,750	$                 (8,810)
United States Treasury Nts., 10 yr.		Buy		12/19/19		1,104	USD 145,117		145,417,500	300,311
United States Treasury Nts., 2 yr.		Buy		12/31/19		2,515	USD 543,366		543,534,728	169,081

35      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

SCHEDULE OF INVESTMENTSContinued

Futures Contracts (Continued)
		Expiration		Number		Notional Amount			Unrealized Appreciation/
Description	Buy/Sell	Date		of Contracts		(000’s)	Value		(Depreciation)
United States Treasury Nts., 5 yr.	Sell		12/31/19		5,411	USD  648,206	$	649,193,182	$        (986,930)
									$        (526,348)

Over-the-Counter Total Return Swaps at August 31, 2019

Pay/Receive

Notional

Unrealized

Reference Asset

Counter- party

Total Return*

Floating Rate

Maturity Date

Amount (000’s)

Value

Appreciation/ (Depreciation)

iBoxx USD Liquid IG Series 1 Version 1

GSCO-OT

Pay

USD BBA LIBOR

9/26/19

USD    36,129

$

(4,283,544)

$

(4,283,544)

*Fund will pay or receive the total return of the reference asset depending on whether the return is positive or negative. For contracts where the Fund has elected to receive the total return of the reference asset if positive, it will be responsible for paying the floating rate and the total return of the reference asset if negative. If the Fund has elected to pay the total return of the reference asset if positive, it will receive the floating rate and the total return of the reference asset if negative.

Glossary:
GSCO-OT	Goldman Sachs Bank USA
Definitions
BBA LIBOR	British Bankers’ Association London - Interbank Offered Rate
D11COF	Cost of Funds for the 11th District of San Francisco
H15T1Y	US Treasury Yield Curve Rate T Note Constant Maturity 1 Year
LIBOR01M	ICE LIBOR USD 1 Month
SOFRRATE	United States Secured Overnight Financing Rate
TBA	To Be Announced Security
US0001M	Intercontinental Exchange London Interbank Offered Rate USD 1 Month
US0003M	Intercontinental Exchange London Interbank Offered Rate USD 3 Month

See accompanying Notes to Financial Statements.

36      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

STATEMENT OF ASSETS AND LIABILITIESAugust 31, 2019

Assets
Investments, at value—see accompanying schedule of investments:
Unaffiliated companies (cost $1,643,785,951)	$	1,682,358,972
Affiliated companies (cost $77,103,691)		77,104,539
		1,759,463,511
Cash used for collateral on futures		2,814,000
Cash used for collateral on OTC derivatives		4,390,000
Receivables and other assets:
Investments sold on a when-issued or delayed delivery basis		17,158,102
Interest, dividends and principal paydowns		11,956,419
Shares of beneficial interest sold		2,107,196
Variation margin receivable - futures contracts		163,946
Other		97,923
Total assets		1,798,151,097
Liabilities
Amount due to custodian		230,372
Swaps, at value		4,283,544
Payables and other liabilities:
Investments purchased on a when-issued or delayed delivery basis		71,095,249
Shares of beneficial interest redeemed		1,795,448
Transfer and shareholder servicing agent fees		384,330
Dividends		358,236
Distribution and service plan fees		247,088
Trustees’ compensation		153,229
Shareholder communications		44,000
Advisory fees		32,142
Administration fees		350
Other		255,331
Total liabilities		78,879,319
Net Assets	$	1,719,271,778
Composition of Net Assets
Shares of beneficial interest	$	1,729,198,052
Total accumulated loss		(9,926,274	)
Net Assets	$	1,719,271,778

37      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

STATEMENT OF ASSETS AND LIABILITIESContinued

Net Asset Value Per Share
Class A Shares:
Net asset value and redemption price per share (based on net assets of $668,021,137 and 146,403,183 shares of beneficial interest outstanding)	$	4.56
Maximum offering price per share (net asset value plus sales charge of 2.50% of offering price)	$	4.68
Class C Shares:
Net asset value, redemption price (excludes applicable contingent deferred sales charge) and offering price per share (based on net assets of $107,292,415 and 23,548,411 shares of beneficial interest outstanding)	$	4.56
Class R Shares:
Net asset value, redemption price and offering price per share (based on net assets of $39,705,781 and 8,702,810 shares of beneficial interest outstanding)	$	4.56
Class Y Shares:
Net asset value, redemption price and offering price per share (based on net assets of $491,173,845 and 107,226,962 shares of beneficial interest outstanding)	$	4.58
Class R5 Shares:
Net asset value, redemption price and offering price per share (based on net assets of $10,105 and 2,212 shares of beneficial interest outstanding)	$	4.57
Class R6 Shares:
Net asset value, redemption price and offering price per share (based on net assets of $413,068,495 and 90,292,192 shares of beneficial interest outstanding)	$	4.57

See accompanying Notes to Financial Statements.

38      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

STATEMENT

OF OPERATIONSYear Ended August 31, 2019

Investment Income
Interest (net of foreign withholding taxes of $8,874)	$	58,513,540
Dividends – affiliated companies		691,999
Total investment income		59,205,539
Expenses
Advisory fees		5,758,705
Administration fees		62,742
Distribution and service plan fees:
Class A		1,512,385
Class C		1,276,538
Class R		187,003
Transfer and shareholder servicing agent fees:
Class A		1,033,266
Class C		210,861
Class R		62,494
Class Y		866,664
Class R5		2
Class R6		82,099
Shareholder communications:
Class A		33,408
Class C		6,475
Class R		2,429
Class Y		24,480
Class R6		14,458
Borrowing fees		34,135
Trustees’ compensation		25,480
Custodian fees and expenses		16,885
Other		131,394
Total expenses		11,341,903
Less waivers and reimbursements of expenses		(525,035	)
Net expenses		10,816,868
Net Investment Income		48,388,671

39      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

STATEMENT

OF OPERATIONSContinued

Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment transactions in unaffiliated companies	$	5,586,632
Futures contracts		(12,957,864	)
Swap contracts		254,276
Net realized loss		(7,116,956	)
Net change in unrealized appreciation/(depreciation) on:
Investment transactions in:
Unaffiliated companies		52,146,070
Affiliated companies		848
Futures contracts		(648,797	)
Swap contracts		(4,283,544	)
Net change in unrealized appreciation/(depreciation)		47,214,577
Net Increase in Net Assets Resulting from Operations	$	88,486,292

See accompanying Notes to Financial Statements.

40      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

STATEMENT OF CHANGES IN NET ASSETS

	Year Ended August 31, 2019			Year Ended August 31, 2018
Operations
Net investment income	$	48,388,671		$	40,846,024
Net realized loss		(7,116,956	)		(2,408,921	)
Net change in unrealized appreciation/(depreciation)		47,214,577			(29,489,779	)
Net increase in net assets resulting from operations		88,486,292			8,947,324
Dividends and/or Distributions to Shareholders1
Distributions to shareholders from distributable earnings:
Class A		(17,652,562	)		(16,617,831	)
Class B		—			(22,098	)
Class C		(2,592,950	)		(2,406,036	)
Class R		(965,592	)		(818,787	)
Class Y		(16,322,425	)		(12,718,761	)
Class R5		(83	)		—
Class R6		(11,276,043	)		(8,203,773	)
Total distributions from distributable earnings		(48,809,655	)		(40,787,286	)
Beneficial Interest Transactions
Net increase (decrease) in net assets resulting from beneficial interest transactions:
Class A		30,663,790			(33,944,188	)
Class B		—			(3,591,136	)
Class C		(23,173,506	)		(18,664,361	)
Class R		2,006,991			1,841,425
Class Y		(20,600,567	)		149,859,448
Class R5		10,000			—
Class R6		80,495,929			107,697,212
Total beneficial interest transactions		69,402,637			203,198,400
Net Assets
Total increase		109,079,274			171,358,438
Beginning of period		1,610,192,504			1,438,834,066
End of period	$	1,719,271,778		$	1,610,192,504

1. The Securities Exchange Commission eliminated the requirement to disclose the distribution components separately, except for tax return of capital. For the year ended August 31, 2018, distributions to shareholders from distributable earnings consisted of distributions from net investment income.

See accompanying Notes to Financial Statements.

41      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

FINANCIAL HIGHLIGHTS

Class A	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	August 31, 2019		August 31, 2018		August 31, 2017		August 31, 20161		August 31, 20151
Per Share Operating Data
Net asset value, beginning of period		$4.46		$4.55		$4.58		$4.59		$4.67
Income (loss) from investment operations:
Net investment income2		0.12		0.11		0.10		0.09		0.11
Net realized and unrealized gain (loss)		0.11		(0.09)		(0.02)		0.003		(0.07)
Total from investment operations		0.23		0.02		0.08		0.09		0.04
Dividends and/or distributions to shareholders:
Dividends from net investment income		(0.13)		(0.11)		(0.11)		(0.10)		(0.12)
Net asset value, end of period		$4.56		$4.46		$4.55		$4.58		$4.59
Total Return, at Net Asset Value4		5.14%		0.55%		1.73%		2.01%		0.77%
Ratios/Supplemental Data
Net assets, end of period (in thousands)		$668,021		$622,607		$670,187		$742,857		$719,405
Average net assets (in thousands)		$630,292		$653,240		$700,544		$720,074		$703,391
Ratios to average net assets:5
Net investment income		2.78%		2.56%		2.24%		1.99%		2.41%
Expenses excluding specific expenses listed below		0.77%		0.79%		0.86%		0.88%		0.90%
Interest and fees from borrowings6		0.00%		0.00%		0.00%		0.00%		0.00%
Total expenses7		0.77%		0.79%		0.86%		0.88%		0.90%
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses		0.75%		0.75%		0.79%		0.82%		0.82%
Portfolio turnover rate8,9		57%		47%		83%		55%		83%

42      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

1. On September 11, 2015, the Fund effected a 2 for 1 share split effectively increasing the number of outstanding shares for the Fund. The Fund’s holdings and total value of shareholders’ investments were unchanged. Per share data prior to this date has been restated to give effect to the share split.

2. Per share amounts calculated based on the average shares outstanding during the period.

3. Less than $0.005 per share.

4. Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

5. Annualized for periods less than one full year.

6. Less than 0.005%.

7. Total expenses including indirect expenses from affiliated fund fees and expenses were as follows:

Year Ended August 31, 2019	0.77	%
Year Ended August 31, 2018	0.79	%
Year Ended August 31, 2017	0.86	%
Year Ended August 31, 2016	0.89	%
Year Ended August 31, 2015	0.90	%

8. The portfolio turnover rate excludes purchase and sale transactions of To Be Announced (TBA) mortgage-related securities as follows:

	Purchase Transactions		Sale Transactions
Year Ended August 31, 2019		$3,696,987,879		$3,787,752,735
Year Ended August 31, 2018		$4,176,587,613		$4,346,294,140
Year Ended August 31, 2017		$3,147,159,686		$2,900,112,220
Year Ended August 31, 2016		$2,237,586,604		$2,271,024,565
Year Ended August 31, 2015		$2,927,863,777		$2,846,781,904

9. Portfolio turnover is calculated at the fund level and is not annualized for periods less than one year, if applicable.

See accompanying Notes to Financial Statements.

43      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

FINANCIAL HIGHLIGHTSContinued

Class C	Year Ended		Year Ended			Year Ended		Year Ended		Year Ended
	August 31, 2019		August 31, 2018			August 31, 2017		August 31, 20161		August 31, 20151
Per Share Operating Data
Net asset value, beginning of period		$4.45		$4.54			$4.57		$4.57		$4.66
Income (loss) from investment operations:
Net investment income2		0.09		0.08			0.06		0.05		0.07
Net realized and unrealized gain (loss)		0.11		(0.09)			(0.02)		0.01		(0.08)
Total from investment operations		0.20		(0.01)			0.04		0.06		(0.01)
Dividends and/or distributions to shareholders:
Dividends from net investment income		(0.09)		(0.08)			(0.07)		(0.06)		(0.08)
Net asset value, end of period		$4.56		$4.45			$4.54		$4.57		$4.57
Total Return, at Net Asset Value3		4.56%		(0.24)%			0.91%		1.19%		(0.06)%
Ratios/Supplemental Data
Net assets, end of period (in thousands)		$107,292		$127,354			$148,904		$182,976		$159,614
Average net assets (in thousands)		$127,905		$137,543			$164,621		$174,995		$156,321
Ratios to average net assets:4
Net investment income		2.00%		1.77%	��		1.42%		1.18%		1.58%
Expenses excluding specific expenses listed below		1.53%		1.55%			1.62%		1.64%		1.65%
Interest and fees from borrowings5		0.00%		0.00%			0.00%		0.00%		0.00%
Total expenses6		1.53%		1.55%			1.62%		1.64%		1.65%
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses		1.53%7		1.54%			1.61%		1.63%		1.64%
Portfolio turnover rate8,9		57%		47%			83%		55%		83%

44      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

1. On September 11, 2015, the Fund effected a 2 for 1 share split effectively increasing the number of outstanding shares for the Fund. The Fund’s holdings and total value of shareholders’ investments were unchanged. Per share data prior to this date has been restated to give effect to the share split.

2. Per share amounts calculated based on the average shares outstanding during the period.

3. Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

4. Annualized for periods less than one full year.

5. Less than 0.005%.

6. Total expenses including indirect expenses from affiliated fund fees and expenses were as follows:

Year Ended August 31, 2019	1.53	%
Year Ended August 31, 2018	1.55	%
Year Ended August 31, 2017	1.62	%
Year Ended August 31, 2016	1.65	%
Year Ended August 31, 2015	1.65	%

7. Waiver was less than 0.005%.

8. The portfolio turnover rate excludes purchase and sale transactions of To Be Announced (TBA) mortgage-related securities as follows:

	Purchase Transactions		Sale Transactions
Year Ended August 31, 2019		$3,696,987,879		$3,787,752,735
Year Ended August 31, 2018		$4,176,587,613		$4,346,294,140
Year Ended August 31, 2017		$3,147,159,686		$2,900,112,220
Year Ended August 31, 2016		$2,237,586,604		$2,271,024,565
Year Ended August 31, 2015		$2,927,863,777		$2,846,781,904

9. Portfolio turnover is calculated at the fund level and is not annualized for periods less than one year, if applicable.

See accompanying Notes to Financial Statements.

45      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

FINANCIAL HIGHLIGHTSContinued

Class R	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	August 31, 2019		August 31, 2018		August 31, 2017		August 31, 20161		August 31, 20151
Per Share Operating Data
Net asset value, beginning of period		$4.46		$4.55		$4.58		$4.59		$4.67
Income (loss) from investment operations:
Net investment income2		0.11		0.10		0.09		0.08		0.09
Net realized and unrealized gain (loss)		0.10		(0.09)		(0.03)		(0.01)		(0.07)
Total from investment operations		0.21		0.01		0.06		0.07		0.02
Dividends and/or distributions to shareholders:
Dividends from net investment income		(0.11)		(0.10)		(0.09)		(0.08)		(0.10)
Net asset value, end of period		$4.56		$4.46		$4.55		$4.58		$4.59
Total Return, at Net Asset Value3		4.86%		0.27%		1.43%		1.82%		0.35%
Ratios/Supplemental Data
Net assets, end of period (in thousands)		$39,706		$36,801		$35,698		$36,621		$34,318
Average net assets (in thousands)		$38,113		$36,079		$35,660		$35,078		$32,247
Ratios to average net assets:4
Net investment income		2.51%		2.28%		1.94%		1.69%		2.10%
Expenses excluding specific expenses listed below		1.02%		1.04%		1.11%		1.13%		1.13%
Interest and fees from borrowings5		0.00%		0.00%		0.00%		0.00%		0.00%
Total expenses6		1.02%		1.04%		1.11%		1.13%		1.13%
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses		1.02%7		1.03%		1.10%		1.12%		1.13%7
Portfolio turnover rate8,9		57%		47%		83%		55%		83%

46      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

1. On September 11, 2015, the Fund effected a 2 for 1 share split effectively increasing the number of outstanding shares for the Fund. The Fund’s holdings and total value of shareholders’ investments were unchanged. Per share data prior to this date has been restated to give effect to the share split.

2. Per share amounts calculated based on the average shares outstanding during the period.

3. Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

4. Annualized for periods less than one full year.

5. Less than 0.005%.

6. Total expenses including indirect expenses from affiliated fund fees and expenses were as follows:

Year Ended August 31, 2019	1.02	%
Year Ended August 31, 2018	1.04	%
Year Ended August 31, 2017	1.11	%
Year Ended August 31, 2016	1.14	%
Year Ended August 31, 2015	1.13	%

7. Waiver was less than 0.005%.

8. The portfolio turnover rate excludes purchase and sale transactions of To Be Announced (TBA) mortgage-related securities as follows:

	Purchase Transactions		Sale Transactions
Year Ended August 31, 2019		$3,696,987,879		$3,787,752,735
Year Ended August 31, 2018		$4,176,587,613		$4,346,294,140
Year Ended August 31, 2017		$3,147,159,686		$2,900,112,220
Year Ended August 31, 2016		$2,237,586,604		$2,271,024,565
Year Ended August 31, 2015		$2,927,863,777		$2,846,781,904

9. Portfolio turnover is calculated at the fund level and is not annualized for periods less than one year, if applicable.

See accompanying Notes to Financial Statements.

47      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

FINANCIAL HIGHLIGHTSContinued

Class Y	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	August 31, 2019		August 31, 2018		August 31, 2017		August 31, 20161		August 31, 20151
Per Share Operating Data
Net asset value, beginning of period		$4.48		$4.57		$4.60		$4.60		$4.68
Income (loss) from investment operations:
Net investment income2		0.14		0.13		0.11		0.10		0.12
Net realized and unrealized gain (loss)		0.10		(0.09)		(0.02)		0.01		(0.07)
Total from investment operations		0.24		0.04		0.09		0.11		0.05
Dividends and/or distributions to shareholders:
Dividends from net investment income		(0.14)		(0.13)		(0.12)		(0.11)		(0.13)
Net asset value, end of period		$4.58		$4.48		$4.57		$4.60		$4.60
Total Return, at Net Asset Value3		5.44%		0.86%		1.98%		2.32%		0.95%
Ratios/Supplemental Data
Net assets, end of period (in thousands)		$491,174		$499,325		$358,426		$283,556		$158,122
Average net assets (in thousands)		$526,827		$444,546		$303,860		$249,010		$118,474
Ratios to average net assets:4
Net investment income		3.07%		2.86%		2.50%		2.17%		2.56%
Expenses excluding specific expenses listed below		0.53%		0.55%		0.62%		0.64%		0.65%
Interest and fees from borrowings5		0.00%		0.00%		0.00%		0.00%		0.00%
Total expenses6		0.53%		0.55%		0.62%		0.64%		0.65%
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses		0.45%		0.45%		0.56%		0.63%		0.64%
Portfolio turnover rate7,8		57%		47%		83%		55%		83%

48      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

1. On September 11, 2015, the Fund effected a 2 for 1 share split effectively increasing the number of outstanding shares for the Fund. The Fund’s holdings and total value of shareholders’ investments were unchanged. Per share data prior to this date has been restated to give effect to the share split.

2. Per share amounts calculated based on the average shares outstanding during the period.

3. Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

4. Annualized for periods less than one full year.

5. Less than 0.005%.

6. Total expenses including indirect expenses from affiliated fund fees and expenses were as follows:

Year Ended August 31, 2019	0.53	%
Year Ended August 31, 2018	0.55	%
Year Ended August 31, 2017	0.62	%
Year Ended August 31, 2016	0.65	%
Year Ended August 31, 2015	0.65	%

7. The portfolio turnover rate excludes purchase and sale transactions of To Be Announced (TBA) mortgage-related securities as follows:

	Purchase Transactions		Sale Transactions
Year Ended August 31, 2019		$3,696,987,879		$3,787,752,735
Year Ended August 31, 2018		$4,176,587,613		$4,346,294,140
Year Ended August 31, 2017		$3,147,159,686		$2,900,112,220
Year Ended August 31, 2016		$2,237,586,604		$2,271,024,565
Year Ended August 31, 2015		$2,927,863,777		$2,846,781,904

8. Portfolio turnover is calculated at the fund level and is not annualized for periods less than one year, if applicable.

See accompanying Notes to Financial Statements.

49      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

FINANCIAL HIGHLIGHTSContinued

Class R5	Period Ended August 31, 20191
Per Share Operating Data
Net asset value, beginning of period		$4.52
Income (loss) from investment operations:
Net investment income2		0.04
Net realized and unrealized gain		0.05
Total from investment operations		0.09
Dividends and/or distributions to shareholders:
Dividends from net investment income		(0.04)
Net asset value, end of period		$4.57
Total Return, at Net Asset Value3		1.94%
Ratios/Supplemental Data
Net assets, end of period (in thousands)		$10
Average net assets (in thousands)		$10
Ratios to average net assets:4
Net investment income		3.09%
Expenses excluding specific expenses listed below		0.43%
Interest and fees from borrowings		0.00%
Total expenses5		0.43%
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses		0.43%6
Portfolio turnover rate7,8		57%

1. For the period from after the close of business on May 24, 2019 (inception of offering) to August 31, 2019.

2. Per share amounts calculated based on the average shares outstanding during the period.

3. Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

4. Annualized for periods less than one full year.

5. Total expenses including indirect expenses from affiliated fund fees and expenses were as follows:

Period Ended August 31, 2019 0.43 % 

6. Waiver was less than 0.005%.

7. The portfolio turnover rate excludes purchase and sale transactions of To Be Announced (TBA) mortgage-related securities as follows:

	Purchase Transactions		Sale Transactions
Year Ended August 31, 2019		$3,696,987,879		$3,787,752,735

8. Portfolio turnover is calculated at the fund level and is not annualized for periods less than one year, if applicable.

See accompanying Notes to Financial Statements.

50      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

Class R6	Year Ended August 31, 2019		Year Ended August 31, 2018		Year Ended August 31, 2017		Year Ended August 31, 20161		Year Ended August 31, 20151
Per Share Operating Data
Net asset value, beginning of period		$4.47		$4.56		$4.59		$4.59		$4.68
Income (loss) from investment operations:
Net investment income2		0.14		0.13		0.12		0.11		0.13
Net realized and unrealized gain (loss)		0.10		(0.09)		(0.02)		0.01		(0.08)
Total from investment operations		0.24		0.04		0.10		0.12		0.05
Dividends and/or distributions to shareholders:
Dividends from net investment income		(0.14)		(0.13)		(0.13)		(0.12)		(0.14)
Net asset value, end of period		$4.57		$4.47		$4.56		$4.59		$4.59
Total Return, at Net Asset Value3		5.52%		0.92%		2.11%		2.41%		1.03%
Ratios/Supplemental Data
Net assets, end of period (in thousands)		$413,068		$324,106		$221,992		$189,947		$116,806
Average net assets (in thousands)		$355,931		$279,907		$202,588		$151,529		$9,764
Ratios to average net assets:4
Net investment income		3.14%		2.92%		2.62%		2.36%		2.76%
Expenses excluding specific expenses listed below		0.38%		0.39%		0.42%		0.45%		0.46%
Interest and fees from borrowings5		0.00%		0.00%		0.00%		0.00%		0.00%
Total expenses6		0.38%		0.39%		0.42%		0.45%		0.46%
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses		0.38%7		0.39%7		0.42%7		0.44%		0.46%7
Portfolio turnover rate8,9		57%		47%		83%		55%		83%

51      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

FINANCIAL HIGHLIGHTSContinued

1. On September 11, 2015, the Fund effected a 2 for 1 share split effectively increasing the number of outstanding shares for the Fund. The Fund’s holdings and total value of shareholders’ investments were unchanged. Per share data prior to this date has been restated to give effect to the share split.

2. Per share amounts calculated based on the average shares outstanding during the period.

3. Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

4. Annualized for periods less than one full year.

5. Less than 0.005%.

6. Total expenses including indirect expenses from affiliated fund fees and expenses were as follows:

Year Ended August 31, 2019	0.38	%
Year Ended August 31, 2018	0.39	%
Year Ended August 31, 2017	0.42	%
Year Ended August 31, 2016	0.46	%
Year Ended August 31, 2015	0.46	%

7. Waiver was less than 0.005%.

8. The portfolio turnover rate excludes purchase and sale transactions of To Be Announced (TBA) mortgage-related securities as follows:

	Purchase Transactions		Sale Transactions
Year Ended August 31, 2019		$3,696,987,879		$3,787,752,735
Year Ended August 31, 2018		$4,176,587,613		$4,346,294,140
Year Ended August 31, 2017		$3,147,159,686		$2,900,112,220
Year Ended August 31, 2016		$2,237,586,604		$2,271,024,565
Year Ended August 31, 2015		$2,927,863,777		$2,846,781,904

9. Portfolio turnover is calculated at the fund level and is not annualized for periods less than one year, if applicable.

See accompanying Notes to Financial Statements.

52      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

NOTES TO FINANCIAL STATEMENTSAugust 31, 2019

Note 1 - Significant Accounting Policies

Invesco Oppenheimer Limited-Term Bond Fund (the “Fund”) is a series portfolio of AIM Investment Securities Funds (Invesco Investment Securities Funds) (the “Trust”). The Trust is a Delaware statutory trust registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as anopen-end series management investment company authorized to issue an unlimited number of shares of beneficial interest. Information presented in these financial statements pertains only to the Fund. Matters affecting the Fund or each class will be voted on exclusively by the shareholders of such Fund or each class.

Prior to the close of business on May 24, 2019, the Fund operated as Oppenheimer Limited-Term Bond Fund(the “Acquired Fund” or “Predecessor Fund”). The Acquired Fund was reorganized after the close of business on May 24, 2019 (the “Reorganization Date”) through the transfer of all of its assets and liabilities to the Fund (the “Reorganization”).

Upon closing of the Reorganization, holders of the Acquired Fund’s Class A, Class C, Class R, and Class Y shares received the corresponding class of shares of the Fund and holders of the Acquired Fund’s Class I shares received Class R6 shares of the Fund. Information for the Acquired Fund’s Class I shares prior to the Reorganization is included with Class R6 shares throughout this report. Class R5 shares commenced operations on the Reorganization Date.

The Fund’s investment objective is to seek income.

The Fund currently consists of six different classes of shares: Class A, Class C, Class R, Class Y, Class R5 and Class R6. Class Y shares are available only to certain investors. Class A shares are sold with afront-end sales charge unless certain waiver criteria are met and under certain circumstances load waived shares may be subject to contingent deferred sales charges (“CDSC”). Class C shares are sold with a CDSC. Class R, Class Y, Class R5 and Class R6 shares are sold at net asset value.

The Fund is an investment company and accordingly follows the investment company accounting and reporting guidance in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 946, Financial Services – Investment Companies.

The following is a summary of the significant accounting policies followed by the Fund in the preparation of its financial statements.

A. Security Valuations - Securities, including restricted securities, are valued according to the following policy.

Debt obligations (including convertible securities) and unlisted equities are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such asinstitution-size trading in similar groups of securities, developments related to specific securities, dividend rate (for unlisted equities), yield (for debt obligations), quality, type of issue, coupon rate (for debt obligations), maturity (for debt obligations), individual trading characteristics and other market data. Pricing services generally value debt obligations assuming orderly transactions of institutional round lot size, but a fund may hold or transact in the same securities in smaller, odd lot sizes. Odd lots often trade at lower prices than institutional round lots. Debt obligations are subject to interest rate and credit risks. In addition, all debt obligations involve some risk of

53      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

NOTES TO FINANCIAL STATEMENTSContinued

default with respect to interest and/or principal payments.

A security listed or traded on an exchange (except convertible securities) is valued at its last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded, or lacking any sales or official closing price on a particular day, the security may be valued at the closing bid price on that day. Securities traded in theover-the-counter market are valued based on prices furnished by independent pricing services or market makers. When such securities are valued by an independent pricing service they may be considered fair valued. Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and asked prices from the exchange on which they are principally traded. Options not listed on an exchange are valued by an independent source at the mean between the last bid and asked prices. For purposes of determining net asset value (“NAV”) per share, futures and option contracts generally are valued 15 minutes after the close of the customary trading session of the New York Stock Exchange (“NYSE”).

Investments inopen-end andclosed-end registered investment companies that do not trade on an exchange are valued at theend-of-day net asset value per share. Investments inopen-end andclosed-end registered investment companies that trade on an exchange are valued at the last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded.

Swap agreements are fair valued using an evaluated quote, if available, provided by an independent pricing service. Evaluated quotes provided by the pricing service are valued based on a model which may includeend-of-day net present values, spreads, ratings, industry, company performance and returns of referenced assets. Centrally cleared swap agreements are valued at the daily settlement price determined by the relevant exchange or clearinghouse.

Foreign securities’ (including foreign exchange contracts) prices are converted into U.S. dollar amounts using the applicable exchange rates as of the close of the NYSE. If market quotations are available and reliable for foreign exchange-traded equity securities, the securities will be valued at the market quotations. Because trading hours for certain foreign securities end before the close of the NYSE, closing market quotations may become unreliable. If between the time trading ends on a particular security and the close of the customary trading session on the NYSE, events occur that the investment adviser determines are significant and make the closing price unreliable, the Fund may fair value the security. If the event is likely to have affected the closing price of the security, the security will be valued at fair value in good faith using procedures approved by the Board of Trustees. Adjustments to closing prices to reflect fair value may also be based on a screening process of an independent pricing service to indicate the degree of certainty, based on historical data, that the closing price in the principal market where a foreign security trades is not the current value as of the close of the NYSE. Foreign securities’ prices meeting the approved degree of certainty that the price is not reflective of current value will be priced at the indication of fair value from the independent pricing service. Multiple factors may be considered by the independent pricing service in determining adjustments

54      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

to reflect fair value and may include information relating to sector indices, American Depositary Receipts and domestic and foreign index futures. Foreign securities may have additional risks including exchange rate changes, potential for sharply devalued currencies and high inflation, political and economic upheaval, the relative lack of issuer information, relatively low market liquidity and the potential lack of strict financial and accounting controls and standards.

Securities for which market prices are not provided by any of the above methods may be valued based upon quotes furnished by independent sources. The last bid price may be used to value equity securities. The mean between the last bid and asked prices is used to value debt obligations, including corporate loans.

Securities for which market quotations are not readily available or became unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust’s officers following procedures approved by the Board of Trustees. Issuer specific events, market trends, bid/asked quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security’s fair value.

The Fund may invest in securities that are subject to interest rate risk, meaning the risk that the prices will generally fall as interest rates rise and, conversely, the prices will generally rise as interest rates fall. Specific securities differ in their sensitivity to changes in interest rates depending on their individual characteristics. Changes in interest rates may result in increased market volatility, which may affect the value and/or liquidity of certain Fund investments.

Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general economic conditions, interest rates, investor perceptions and market liquidity. 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.

B. Securities Transactions and Investment Income -Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income (net of withholding tax, if any) is recorded on the accrual basis from settlement date. Bond premiums and discounts are amortized and/or accreted over the lives of the respective securities.Pay-in-kind interest income andnon-cash dividend income received in the form of securitiesin-lieu of cash are recorded at the fair value of the securities received. Paydown gains and losses on mortgage and asset-backed securities are recorded as adjustments to interest income. Dividend income (net of withholding tax, if any) is recorded on theex-dividend date.

The Fund may periodically participate in litigation related to Fund investments. As such, the Fund may receive proceeds from litigation settlements. Any proceeds received are included in the Statement of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.

Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized

55      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

NOTES TO FINANCIAL STATEMENTSContinued

and unrealized gain (loss) from investment transactions reported in the Statement of Operations and the Statement of Changes in Net Assets and the net realized and unrealized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Fund’s net asset value and, accordingly, they reduce the Fund’s total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and the Statement of Changes in Net Assets, or the net investment income per share and the ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Fund and the investment adviser.

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

C. Country Determination- For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer’s securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.

D. Distributions -Dividends and distributions to shareholders, which are determined in accordance with income tax regulations and may differ from accounting principles generally accepted in the United States of America (“GAAP”), are recorded on theex-dividend date. Income distributions, if any, are declared daily and paid monthly. Capital gain distributions, if any, are declared and paid annually or at other times as determined necessary by the Adviser.

E. Federal Income Taxes -The Fund intends to comply with provisions of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all of its investment company taxable income, including any net realized gain on investments not offset by capital loss carryforwards, if any, to shareholders. Therefore, no federal income or excise tax provision is required. The Fund files income tax returns in U.S. federal and applicable state jurisdictions. The statute of limitations on the Fund’s tax return filings generally remains open for the three preceding fiscal reporting period ends. The Fund has analyzed its tax positions for the fiscal year ended August 31, 2019, including open tax years, and does not believe there are any uncertain tax positions requiring recognition in the Fund’s financial statements.

The tax components of capital shown in the following table represent distribution requirements the Fund must satisfy under the income tax regulations, losses the Fund may be able to offset against income and gains realized in future years and unrealized

56      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

appreciation or depreciation of securities and other investments for federal income tax purposes.

Undistributed Net Investment Income	Undistributed Long-Term Gain		Accumulated Loss Carryforward1,2,3,4		Net Unrealized Appreciation Based on cost of Securities and Other Investments for Federal  Income Tax Purposes
$—		$—		$46,478,574		$38,572,697

1. At period end, the Fund elected to defer $1,872,071 of late year ordinary losses.

2.At period end, the Fund had $46,478,574 of net capital loss carryforward available to offset future realized capital gains, if any, and thereby reduce future taxable gain distributions.

3. During the reporting period, the Fund did not utilize any capital loss carryforward.

4.During the previous reporting period, the Fund did not utilize any capital loss carryforward.

Net investment income (loss) and net realized gain (loss) may differ for financial statement and tax purposes. The character of dividends and distributions made during the fiscal year from net investment income or net realized gains are determined in accordance with federal income tax requirements, which may differ from the character of net investment income or net realized gains presented in those financial statements in accordance with U.S. GAAP. Also, due to timing of dividends and distributions, the fiscal year in which amounts are distributed may differ from the fiscal year in which the income or net realized gain was recorded by the Fund.

Accordingly, the following amounts have been reclassified for the reporting period. Net assets of the Fund were unaffected by the reclassifications.

Increase toPaid-in Capital	Increase to Accumulated Net Loss
$55		$55

The tax character of distributions paid during the reporting periods:

	Year Ended     August 31, 2019		Year Ended     August 31, 2018
Distributions paid from:
Ordinary income	$	48,809,655	$	40,787,286

The aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments for federal income tax purposes at period end are noted in the following table. The primary difference between book and tax appreciation or depreciation of securities and other investments, if applicable, is attributable to the tax deferral of losses or tax realization of financial statement unrealized gain or loss.

57      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

NOTES TO FINANCIAL STATEMENTSContinued

Federal tax cost of securities	$	1,720,890,813
Federal tax cost of other investments		41,259,253
Total federal tax cost	$	1,762,150,066
Gross unrealized appreciation	$	44,497,166
Gross unrealized depreciation		(5,924,469)
Net unrealized appreciation	$	38,572,697

F.  Expenses -Fees provided for under the Rule12b-1 plan of a particular class of the Fund are charged to the operations of such class. Transfer agency fees and expenses and other shareholder recordkeeping fees and expenses attributable to Class R5 and Class R6 are allocated to each share class based on relative net assets.Sub-accounting fees attributable to Class R5 are charged to the operations of the class. Transfer agency fees and expenses and other shareholder recordkeeping fees and expenses relating to all other classes are allocated among those classes based on relative net assets. All other expenses are allocated among the classes based on relative net assets.

G.  Accounting Estimates -The financial statements are prepared on a basis in conformity with GAAP, which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period including estimates and assumptions related to taxation. Actual results could differ from those estimates by a significant amount. In addition, the Fund monitors for material events or transactions that may occur or become known after theperiod-end date and before the date the financial statements are released to print.

H.  Indemnifications -Under the Trust’s organizational documents, each Trustee, officer, employee or other agent of the Trust is indemnified against certain liabilities that may arise out of the performance of their duties to the Fund. Additionally, in the normal course of business, the Fund enters into contracts, including the Fund’s servicing agreements, that contain a variety of indemnification clauses. The Fund’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Fund that have not yet occurred. The risk of material loss as a result of such indemnification claims is considered remote.

I. Securities on a When-Issued or Delayed Delivery Basis -The Fund may purchase securities on a “when-issued” basis, and may purchase or sell securities on a “delayed delivery” basis, with payment and delivery scheduled for a future date. No income accrues to the Fund on the securities in connection with such transactions prior to the date the Fund actually takes delivery of the securities. These transactions are subject to market fluctuations and are subject to the risk that the value at delivery may be more or less than the trade date purchase price. Although the Fund will generally purchase these securities with the intention on acquiring such securities, they may sell such securities prior to the settlement date.

J. Dollar Rolls and Forward Commitment Transactions- The Fund may enter into dollar roll transactions to enhance the Fund’s performance. The Fund executes its dollar roll transactions in the to be announced (“TBA”) market whereby the Fund makes a forward

58      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

commitment to purchase a security and, instead of accepting delivery, the position is offset by the sale of the security with a simultaneous agreement to repurchase at a future date.

The Fund accounts for dollar roll transactions as purchases and sales and realizes gains and losses on these transactions. The Fund will segregate liquid assets in an amount equal to its dollar roll commitments. Dollar roll transactions involve the risk that a Counterparty to the transaction may fail to complete the transaction. If this occurs, the Fund may lose the opportunity to purchase or sell the security at the agreed upon price. Dollar roll transactions also involve the risk that the value of the securities retained by the Fund may decline below the price of the securities that the Fund has sold but is obligated to purchase under the agreement. Dollar roll transactions covered in this manner are not treated as senior securities for purposes of a Fund’s fundamental investment limitation on senior securities and borrowings.

K.  Futures -The Fund may enter into futures contracts to manage exposure to interest rate, equity and market price movements and/or currency risks. A futures contract is an agreement between Counterparties to purchase or sell a specified underlying security, currency or commodity (or delivery of a cash settlement price, in the case of an index future) for a fixed price at a future date. The Fund currently invests only in exchange-traded futures and they are standardized as to maturity date and underlying financial instrument. Initial margin deposits required upon entering into futures contracts are satisfied by the segregation of specific securities or cash as collateral at the futures commission merchant (broker). During the period the futures contracts are open, changes in the value of the contracts are recognized as unrealized gains or losses by recalculating the value of the contracts on a daily basis. Subsequent or variation margin payments are received or made depending upon whether unrealized gains or losses are incurred. These amounts are reflected as receivables or payables on the Statement of Assets and Liabilities. When the contracts are closed or expire, the Fund recognizes a realized gain or loss equal to the difference between the proceeds from, or cost of, the closing transaction and the Fund’s basis in the contract. The net realized gain (loss) and the change in unrealized gain (loss) on futures contracts held during the period is included on the Statement of Operations. The primary risks associated with futures contracts are market risk and the absence of a liquid secondary market. If the Fund were unable to liquidate a futures contract and/or enter into an offsetting closing transaction, the Fund would continue to be subject to market risk with respect to the value of the contracts and continue to be required to maintain the margin deposits on the futures contracts. Futures contracts have minimal Counterparty risk since the exchange’s clearinghouse, as Counterparty to all exchange-traded futures, guarantees the futures against default. Risks may exceed amounts recognized in the Statement of Assets and Liabilities.

L. Swap Agreements - The Fund may enter into various swap transactions, including interest rate, total return, index, currency and credit default swap contracts (“CDS”) for investment purposes or to manage interest rate, currency or credit risk. Such transactions are agreements between Counterparties. A swap agreement may be negotiated bilaterally and tradedover-the-counter (“OTC”) between two parties (“uncleared/OTC”) or, in some instances, must be transacted through a future commission merchant (“FCM”) and cleared

59      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

NOTES TO FINANCIAL STATEMENTSContinued

through a clearinghouse that serves as a central Counterparty (“centrally cleared swap”). These agreements may contain among other conditions, events of default and termination events, and various covenants and representations such as provisions that require the Fund to maintain apre-determined level of net assets, and/or provide limits regarding the decline of the Fund’s NAV over specific periods of time. If the Fund were to trigger such provisions and have open derivative positions at that time, the Counterparty may be able to terminate such agreement and request immediate payment in an amount equal to the net liability positions, if any.

Interest rate, total return, index, and currency swap agreements aretwo-party contracts entered into primarily to exchange the returns (or differentials in rates of returns) earned or realized on particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a notional amount, i.e., the return on or increase in value of a particular dollar amount invested at a particular interest rate or return of an underlying asset, in a particular foreign currency, or in a “basket” of securities representing a particular index.

In a centrally cleared swap, the Fund’s ultimate Counterparty is a central clearinghouse. The Fund initially will enter into centrally cleared swaps through an executing broker. When a fund enters into a centrally cleared swap, it must deliver to the central Counterparty (via the FCM) an amount referred to as “initial margin.” Initial margin requirements are determined by the central Counterparty, but an FCM may require additional initial margin above the amount required by the central Counterparty. Initial margin deposits required upon entering into centrally cleared swaps are satisfied by cash or securities as collateral at the FCM. Securities deposited as initial margin are designated on the Schedule of Investments and cash deposited is recorded on the Statement of Assets and Liabilities. During the term of a cleared swap agreement, a “variation margin” amount may be required to be paid by the Fund or may be received by the Fund, based on the daily change in price of the underlying reference instrument subject to the swap agreement and is recorded as a receivable or payable for variation margin in the Statement of Assets and Liabilities until the centrally cleared swap is terminated at which time a realized gain or loss is recorded.

A CDS is an agreement between Counterparties to exchange the credit risk of an issuer. A buyer of a CDS is said to buy protection by paying a fixed payment over the life of the agreement and in some situations an upfront payment to the seller of the CDS. If a defined credit event occurs (such as payment default or bankruptcy), the Fund as a protection buyer would cease paying its fixed payment, the Fund would deliver eligible bonds issued by the reference entity to the seller, and the seller would pay the full notional value, or the “par value”, of the referenced obligation to the Fund. A seller of a CDS is said to sell protection and thus would receive a fixed payment over the life of the agreement and an upfront payment, if applicable. If a credit event occurs, the Fund as a protection seller would cease to receive the fixed payment stream, the Fund would pay the buyer “par value” or the full notional value of the referenced obligation, and the Fund would receive the eligible bonds issued by the reference entity. In turn, these bonds may be sold in order to realize a recovery value. Alternatively, the seller of the CDS and its Counterparty may agree to net

60      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

the notional amount and the market value of the bonds and make a cash payment equal to the difference to the buyer of protection. If no credit event occurs, the Fund receives the fixed payment over the life of the agreement. As the seller, the Fund would effectively add leverage to its portfolio because, in addition to its total net assets, the Fund would be subject to investment exposure on the notional amount of the CDS. In connection with these agreements, cash and securities may be identified as collateral in accordance with the terms of the respective swap agreements to provide assets of value and recourse in the event of default under the swap agreement or bankruptcy/insolvency of a party to the swap agreement. If a Counterparty becomes bankrupt or otherwise fails to perform its obligations due to financial difficulties, the Fund may experience significant delays in obtaining any recovery in a bankruptcy or other reorganization proceeding. The Fund may obtain only limited recovery or may obtain no recovery in such circumstances. The Fund’s maximum risk of loss from Counterparty risk, either as the protection seller or as the protection buyer, is the value of the contract. The risk may be mitigated by having a master netting arrangement between the Fund and the Counterparty and by the designation of collateral by the Counterparty to cover the Fund’s exposure to the Counterparty.

Implied credit spreads represent the current level at which protection could be bought or sold given the terms of the existing CDS contract and serve as an indicator of the current status of the payment/performance risk of the CDS. An implied spread that has widened or increased since entry into the initial contract 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.

An interest rate swap is an agreement between Counterparties pursuant to which the parties exchange a floating rate payment for a fixed rate payment based on a specified notional amount.

Changes in the value of centrally cleared and OTC swap agreements are recognized as unrealized gains (losses) in the Statement of Operations by “marking to market” on a daily basis to reflect the value of the swap agreement at the end of each trading day. Payments received or paid at the beginning of the agreement are reflected as such on the Statement of Assets and Liabilities and may be referred to as upfront payments. The Fund accrues for the fixed payment stream and amortizes upfront payments, if any, on swap agreements on a daily basis with the net amount, recorded as a component of realized gain (loss) on the Statement of Operations. A liquidation payment received or made at the termination of a swap agreement is recorded as realized gain (loss) on the Statement of Operations. The Fund segregates cash or liquid securities having a value at least equal to the amount of the potential obligation of a Fund under any swap transaction. Cash held as collateral is recorded as deposits with brokers on the Statement of Assets and Liabilities. Entering into these agreements involves, to varying degrees, lack of liquidity and elements of credit, market, and Counterparty risk in excess of amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that a swap is difficult to sell or liquidate; the Counterparty does not honor its obligations under the agreement and unfavorable

61      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

NOTES TO FINANCIAL STATEMENTSContinued

interest rates and market fluctuations. It is possible that developments in the swaps market, including potential government regulation, could adversely affect the Fund’s ability to terminate existing swap agreements or to realize amounts to be received under such agreements. A short position in a security poses more risk than holding the same security long. As there is no limit on how much the price of the security can increase, the Fund’s exposure is unlimited.

M. Leverage Risk- Leverage exists when the Fund can lose more than it originally invests because it purchases or sells an instrument or enters into a transaction without investing an amount equal to the full economic exposure of the instrument or transaction.

Note 2 - Advisory Fees and Other Fees Paid to Affiliates

The Trust has entered into a master investment advisory agreement with Invesco Advisers,

Inc. (the “Adviser” or “Invesco”). Under the terms of the investment advisory agreement, the

Fund accrues daily and pays monthly an advisory fee to the Adviser based on the annual rate of the Fund’s average daily net assets as follows:

Fee Schedule*
Up to $500 million	0.38%
Next $500 million	0.35
Next $4 billion	0.32
Over $5 billion	0.30

*The advisory fee paid by the Fund shall be reduced by any amounts paid by the Fund under the administrative services agreement with the Adviser.

For the year ended August 31, 2019, the effective advisory fees incurred by the Fund was 0.35%.

From the beginning of the fiscal period until the date of the Reorganization, the Acquired Fund paid $4,225,754 in advisory fees to OFI Global Asset Management, Inc. based on the annual rates above of the Acquired Fund’s average daily net assets.

Under the terms of a mastersub-advisory agreement between the Adviser and each of Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited, Invesco Hong Kong Limited, Invesco Senior Secured Management, Inc. and Invesco Canada Ltd. and separatesub-advisory agreements with Invesco Capital Management LLC, and Invesco Asset Management (India) Private Limited (collectively, the “AffiliatedSub-Advisers”) the Adviser, not the Fund, will pay 40% of the fees paid to the Adviser to any such AffiliatedSub-Adviser(s) that provide(s) discretionary investment management services to the Fund based on the percentage of assets allocated to suchSub-Adviser(s). Invesco has also entered into aSub-Advisory Agreement with OppenheimerFunds, Inc. to provide discretionary management services to the Funds.

Effective on the Reorganization Date, the Adviser has contractually agreed, through at least May 31, 2021, to waive advisory fees and/or reimburse expenses of all shares to the extent necessary to limit the total annual fund operating expenses after fee waiver and/ or expense reimbursement (excluding certain items discussed below) ofClass A, Class C,

62      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

Class R, Class Y, Class R5 and Class R6 shares to 0.75%, 1.59%, 1.09%, 0.45%, 0.44% and 0.39%, respectively, of the Fund’s average daily net assets (the “expense limits”). In determining the Adviser’s obligation to waive advisory fees and/or reimburse expenses, the following expenses are not taken into account, and could cause total annual fund operating expenses after fee waivers and/or expense reimbursement to exceed the numbers reflected above: (1) interest; (2) taxes; (3) dividend expenses on short sales; (4) extraordinary ornon-routine items, including litigation expenses; and (5) expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement. Unless Invesco continues the fee waiver agreement, it will terminate May 31, 2021. During its term, the fee waiver agreement cannot be terminated or amended to increase the expense limits or reduce the advisory fee waiver without approval of the Board of Trustees.

Further, the Adviser has contractually agreed, through at least June 30, 2021, to waive the advisory fee payable by the Fund in an amount equal to 100% of the net advisory fees the Adviser receives from the affiliated money market funds on investments by the Fund of uninvested cash in such affiliated money market funds.

For the year ended August 31, 2019, the Adviser waived advisory fees of $30,033 and reimbursed fund expenses of $98,441 and $396,561 for Class A and Class Y, respectively.

Prior to the Reorganization, the OFI Global Asset Management, Inc. had contractually agreed to waive fees and/or reimburse expenses of Class A, Class Y and Class R6 shares to 0.75%, 0.45% and 0.40%, respectively, of the Acquired Fund’s average daily net assets.

The Trust has entered into a master administrative services agreement with Invesco pursuant to which the Fund has agreed to pay Invesco for certain administrative costs incurred in providing accounting services to the Fund. For the year ended August 31, 2019, expenses incurred under the agreement are shown in the Statement of Operations as Administration fees. Additionally, Invesco has entered into service agreements whereby Citibank, N.A. serves as custodian to the Fund. Prior to the Reorganization, the Acquired Fund paid administrative fees to OFI Global Asset Management, Inc.

The Trust has entered into a transfer agency and service agreement with Invesco Investment Services, Inc. (“IIS”) pursuant to which the Fund has agreed to pay IIS a fee for providing transfer agency and shareholder services to the Fund and reimburse IIS for certain expenses incurred by IIS in the course of providing such services. IIS may make payments to intermediaries that provide omnibus account services,sub-accounting services and/or networking services. All fees payable by IIS to intermediaries that provide omnibus account services orsub-accounting services are charged back to the Fund, subject to certain limitations approved by the Trust’s Board of Trustees. Prior to the Reorganization, the Acquired Fund paid transfer agent fees to OFI Global Asset Management, Inc. and Shareholder Services, Inc. For the year ended August 31, 2019, expenses incurred under these agreements are shown in the Statement of Operations as Transfer and shareholder servicing agent fees.

The Trust has entered into master distribution agreements with Invesco Distributors, Inc. (“IDI”) to serve as the distributor for the Class A, Class C, Class R, Class Y, Class R5 and Class R6 shares of the Fund. The Trust has adopted plans pursuant to Rule12b-1 under the 1940 Act with respect to the Fund’s Class A, Class C and Class R shares (collectively the “Plan”). The Fund, pursuant to the Class A Plan, reimbursed IDI in an amount up to an annual rate of

63      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

NOTES TO FINANCIAL STATEMENTSContinued

0.25% of the average daily net assets of Class A shares. The Fund pursuant to the Class C and Class R Plan, pays IDI compensation at the annual rate of 1.00% of the average daily net assets of Class C and 0.50% of the average daily net assets of Class R shares. The fees are accrued daily and paid monthly. Of the Plan payments, up to 0.25% of the average daily net assets of each class of shares may be paid to furnish continuing personal shareholder services to customers who purchase and own shares of such classes. Any amounts not paid as a service fee under the Plan would constitute an asset-based sales charge. Rules of the Financial Industry Regulatory Authority (“FINRA”) impose a cap on the total sales charges, including asset-based sales charges, that may be paid by any class of shares of the Fund plans. Prior to the Reorganization, the Acquired Fund paid distribution fees to OppenheimerFunds Distributor, Inc. For the year ended August 31, 2019, expenses incurred under the plans are shown in the Statement of Operations as Distribution and service plan fees.

Front-end sales commissions and CDSC (collectively, the “sales charges”) are not recorded as expenses of the Fund.Front-end sales commissions are deducted from proceeds from the sales of Fund shares prior to investment in Class A shares of the Fund. CDSC are deducted from redemption proceeds prior to remittance to the shareholder. During the year ended August 31, 2019, IDI advised the Fund that IDI retained $14,241 infront-end sales commissions from the sale of Class A shares and $2,699 and $1,474 from Class A and Class C shares, respectively, for CDSC imposed on redemptions by shareholders. From the beginning of the fiscal year to the date of the Reorganization, OppenheimerFunds Distributor, Inc. retained $56,092 in front–end sales commissions from the sale of Class A shares and $13,906 and $6,086 from Class A and Class C shares, respectively, for CDSC imposed on redemption by shareholders.

Certain officers and trustees of the Trust are officers and directors of the Adviser, IIS and/or IDI.

Note 3 - Additional Valuation Information

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

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

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

64      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

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

The following is a summary of the tiered valuation input levels, as of August 31, 2019. 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— Unadjusted Quoted Prices			Level 2— Other Significant Observable Inputs			Level 3— Significant       Unobservable Inputs		Value
Assets Table
Investments, at Value:
Asset-Backed Securities	$		—		$	247,610,318		$	111,335	$	247,721,653
Mortgage-Backed Obligations			—			281,838,034			30,470		281,868,504
Corporate Bonds and Notes			—			1,152,768,815			—		1,152,768,815
Investment Company			77,104,539			—			—		77,104,539
Total Investments, at Value			77,104,539			1,682,217,167			141,805		1,759,463,511
Other Financial Instruments:
Futures contracts			469,392			—			—		469,392
Total Assets	$		77,573,931		$	1,682,217,167		$	141,805	$	1,759,932,903
Liabilities Table
Other Financial Instruments:
Futures contracts	$		(995,740	)	$	—		$	—	$	(995,740)
Swaps, at value			—			(4,283,544	)		—		(4,283,544)
Total Liabilities	$		(995,740	)	$	(4,283,544)		$	—	$	(5,279,284)

Forward currency exchange contracts and futures contracts, if any, are reported at their unrealized appreciation/depreciation at measurement date, which represents the change in the contract’s value from trade date. All additional assets and liabilities included in the above table are reported at their market value at measurement date.

Note 4 - Security Transactions with Affiliated Funds

The Fund is permitted to purchase or sell securities from or to certain other Invesco Funds under specified conditions outlined in procedures adopted by the Board of Trustees of the Trust. The procedures have been designed to ensure that any purchase or sale of securities by the Fund from or to another fund or portfolio that is or could be considered an affiliate by virtue of having a common investment adviser (or affiliated investment advisers), common Trustees and/or common officers complies with Rule17a-7 of the 1940 Act. Further, as defined under the procedures, each transaction is effected at the current market price. Pursuant to

65      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

NOTES TO FINANCIAL STATEMENTSContinued

these procedures for the period September 1, 2018 to May 24, 2019,the Predecessor Fund engaged in transactions with affiliates as listed: Securities purchases of $941,222, which resulted in zero net realized gains (losses). For the period May 25, 2019 to August 31, 2019, the Fund did not engage in transactions with affiliates.

Note 5 - Derivative Investments

The Fund may enter into an International Swaps and Derivatives Association Master Agreement (“ISDA Master Agreement”) under which a fund may trade OTC derivatives. An OTC transaction entered into under an ISDA Master Agreement typically involves a collateral posting arrangement, payment netting provisions andclose-out netting provisions. These netting provisions allow for reduction of credit risk through netting of contractual obligations. The enforceability of the netting provisions of the ISDA Master Agreement depends on the governing law of the ISDA Master Agreement, among other factors. For financial reporting purposes, the Fund does not offset OTC derivative assets or liabilities that are subject to ISDA Master Agreements in the Statement of Assets and Liabilities.

Offsetting Assets and Liabilities

The table below reflects the Fund’s exposure to Counterparties subject to either an ISDA

Master Agreement or other agreement for OTC derivative liability transactions as of August 31, 2019:

Gross Amounts Not Offset in the Statement of

Assets & Liabilities

Counterparty

Gross Amounts Not Offset in the Statement of Assets & Liabilities*

Financial Instruments Available for Offset

Financial Instruments Collateral Pledged**

Cash Collateral Pledged**

Net Amount

Goldman Sachs Bank

USA

$

(4,283,544

)

$

–

$

–

$

4,283,544

$

–

*OTC derivatives are reported gross on the Statement of Assets and Liabilities. Exchange traded options and margin related to centrally cleared swaps and futures, if any, are excluded from these reported amounts.

**Reported collateral pledged within this table is limited to the net outstanding amount due from the Fund. The securities pledged as collateral by the Fund as reported on the Statement of Investments may exceed these amounts.

Value of Derivative Instruments atPeriod-End

The table below reflects the Fund’s exposure to Counterparties subject to either an ISDA

Master Agreement or other agreement for OTC derivative liability transactions as of August 31, 2019:

66      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

	Asset Derivatives				Liability Derivatives
Derivatives Not Accounted for as Hedging Instruments	Statement of Assets and Liabilities Location		Value		Statement of Assets and Liabilities Location	Value
Credit contracts					Swaps, at value	$	4,283,544
Interest rate contracts Futures contracts		$		469,392*	Futures contracts		995,740*
Total		$		469,392		$	5,279,284
*The daily variation margin receivable (payable) atperiod-end is recorded in the Statement of Assets and Liabilities.

Effect of Derivative Investments for the Year Ended August 31, 2019

The tables below summarizes the gains (losses) on derivative investments, detailed by primary risk exposure, recognized in earnings during the period:

Amount of Realized Gain or (Loss) Recognized on Derivatives
Derivatives Not Accounted for as Hedging Instruments		Futures contracts			Swap contracts			Total
Credit contracts	$		—		$	254,276		$	254,276
Interest rate contracts			(12,957,864	)		—			(12,957,864)
Total	$		(12,957,864	)	$	254,276		$	(12,703,588)
Amount of Change in Unrealized Gain or (Loss) Recognized on Derivatives
Derivatives Not Accounted for as Hedging Instruments		Futures contracts			Swap contracts			Total
Credit contracts	$		—		$	(4,283,544	)	$	(4,283,544)
Interest rate contracts			(648,797	)		—			(648,797)
Total	$		(648,797	)	$	(4,283,544	)	$	(4,932,341)

The table below summarizes the twelve month average notional value of futures contracts and the six month average notional value of swap agreements outstanding during the period.

Futures Contracts		Swap Agreements
	$1,040,058,779		$36,128,650

Note 6 - Trustee and Officer Fees and Benefits

Certain Trustees have executed a Deferred Compensation Agreement pursuant to which they have the option to elect to defer receipt of all or a portion of the annual compensation they are entitled to receive from the Fund. For purposes of determining the amount owed to the Trustees under the plan, deferred amounts are treated as though equal dollar amounts had been invested in shares of the Fund or in other Invesco and/or Invesco Oppenheimer funds selected by the Trustees. The Fund purchases shares of the funds selected for deferral by the Trustees in amounts equal to his or her deemed investment, resulting in a Fund asset equal

67      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

NOTES TO FINANCIAL STATEMENTSContinued

to the deferred compensation liability. Such assets are included as a component of “Other” within the asset section of the Statement of Assets and Liabilities. Deferral of Trustees’ fees under the plan will not affect the net assets of the Fund and will not materially affect the Fund’s assets, liabilities or net investment income per share. Amounts will be deferred until distributed in accordance with the compensation deferral plan.

Note 7 - Cash Balances

The Fund is permitted to temporarily carry a negative or overdrawn balance in its account with Citibank, N.A., the custodian bank. Such balances, if any atperiod-end, are shown in the Statement of Assets and Liabilities under the payable caption Amount due custodian. To compensate the custodian bank for such overdrafts, the overdrawn Fund may either (1) leave funds as a compensating balance in the account so the custodian bank can be compensated by earning the additional interest; or (2) compensate by paying the custodian bank at a rate agreed upon by the custodian bank and Invesco, not to exceed the contractually agreed upon rate.

Note 8 - Investment Transactions

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the year ended August 31, 2019 was $911,621,826 and $888,310,912, respectively.

Note 9 - Share Information

Transactions in shares of beneficial interest were as follows:

	Year Ended August 31, 20191						Year Ended August 31, 2018
	Shares			Amount			Shares			Amount
Class A
Sold		39,747,234		$	178,564,814			31,968,728		$	143,889,734
Dividends and/or distributions reinvested		3,633,833			16,325,737			3,421,691			15,365,234
Redeemed		(36,614,851	)		(164,226,761	)		(42,996,819	)		(193,199,156	)
Net increase (decrease)		6,766,216		$	30,663,790			(7,606,400	)	$	(33,944,188	)
Class B
Sold		—		$	—			11,189		$	50,619
Dividends and/or distributions reinvested		—			—			4,639			20,925
Redeemed2		—			—			(813,905	)		(3,662,680	)
Net decrease		—		$	—			(798,077	)	$	(3,591,136	)

68      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

	Year Ended August 31, 20191						Year Ended August 31, 2018
	Shares			Amount			Shares			Amount
Class C
Sold		12,201,640		$	54,529,715			5,873,675		$	26,407,536
Dividends and/or distributions reinvested		540,819			2,421,402			508,818			2,279,888
Redeemed		(17,808,002	)		(80,124,623	)		(10,541,808	)		(47,351,785	)
Net decrease		(5,065,543	)	$	(23,173,506	)		(4,159,315	)	$	(18,664,361	)
Class R
Sold		2,552,229		$	11,439,586			2,371,415		$	10,663,181
Dividends and/or distributions reinvested		206,410			927,306			172,708			775,290
Redeemed		(2,310,498	)		(10,359,901	)		(2,133,821	)		(9,597,046	)
Net increase		448,141		$	2,006,991			410,302		$	1,841,425
Class Y
Sold		84,176,733		$	378,338,972			76,843,381		$	347,026,160
Dividends and/or distributions reinvested		2,777,539			12,531,137			1,968,062			8,861,084
Redeemed		(91,286,050	)		(411,470,676	)		(45,706,955	)		(206,027,796)
Net increase (decrease)		(4,331,778	)	$	(20,600,567	)		33,104,488		$	149,859,448
Class R53
Sold		2,212		$	10,000			—		$	—
Dividends and/or distributions reinvested		—			—			—			—
Redeemed		—			—			—			—
Net increase		2,212		$	10,000			—		$	—
Class R6
Sold		38,291,419		$	172,482,992			52,023,080		$	234,598,463
Dividends and/or distributions reinvested		2,485,744			11,207,582			1,804,332			8,111,865
Redeemed		(22,985,912	)		(103,194,645	)		(29,967,078	)		(135,013,116	)
Net increase		17,791,251		$	80,495,929			23,860,334		$	107,697,212

1. There are entities that are record owners of more than 5% of the outstanding shares of the Fund and own 19% of the outstanding shares of the Fund. IDI has an agreement with these entities to sell Fund shares. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates, including but not limited to services such as securities brokerage, distribution, third party record keeping and account servicing. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

2. All outstanding Class B shares converted to Class A shares on June 1, 2018.

3. Commencement date after the close of business on May 24, 2019.

Note 10 - Borrowings

Joint Credit Facility.A number of mutual funds managed by the Adviser participate in a $1.95 billion revolving credit facility (the “Facility”) intended to provide short-term financing, if necessary, subject to certain restrictions in connection with atypical redemption activity. Expenses and fees related to the Facility are paid by the participating funds and are disclosed

69      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

NOTES TO FINANCIAL STATEMENTSContinued

separately or as other expenses on the Statement of Operations. The Fund did not utilize the Facility during the reporting period.The Facility terminated May 24, 2019.

70      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Tothe Board of Trustees of AIM Investment Securities Funds (Invesco Investment Securities Funds) and Shareholders of Invesco Oppenheimer Limited-Term Bond Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Invesco Oppenheimer Limited-Term Bond Fund (one of the funds constituting AIM Investment Securities Funds (Invesco Investment Securities Funds), referred to hereafter as the “Fund”) as of August 31, 2019, the related statement of operationsand the statement of changes in net assets for the year ended August 31, 2019, including the related notes, and the financial highlights for each of the periods ended August 31, 2019 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of August 31, 2019, the results of its operations and changes in its net assets for the year ended August 31, 2019 and the financial highlights for each of the periods ended August 31, 2019 in conformity with accounting principles generally accepted in the United States of America.

The financial statements of Invesco Oppenheimer Limited-Term Bond Fund (formerly known as Oppenheimer Limited-Term Bond Fund) as of and for the year ended August 31, 2018 and the financial highlights for each of the periods ended on or prior to August 31, 2018 (not presented herein, other than the statement of changes in net assets and the financial highlights) were audited by other auditors whose report dated October 25, 2018 expressed an unqualified opinion on those financial statements and financial highlights.

Basis for Opinion

These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of August 31, 2019 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audit provides a reasonable basis for our opinion.

/s/PricewaterhouseCoopers LLP

Houston, TX

October 29, 2019

We have served as the auditor of one or more investment companies in the Invesco group of investment companies since at least 1995. We have not been able to determine the specific year we began serving as auditor.

71      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

The Audit Committee of the Board of Trustees appointed, and the Board of Trustees ratified and approved, PricewaterhouseCoopers LLP (“PwC”) as the independent registered public accounting firm of the Fund for the fiscal periods ending after May 24, 2019. Prior to the close of business on May 24, 2019, the Predecessor Fund was a separate series of an unaffiliated investment company and its financial statements were audited by a different independent registered public accounting firm (the “Prior Auditor”).

Effective after the close of business on May 24, 2019, the Prior Auditor resigned as the independent registered public accounting firm of the Fund. The Prior Auditor’s report on the financial statements of the Predecessor Fund for the past two fiscal years did not contain an adverse or disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope or accounting principles. During the Predecessor Fund’s two most recent fiscal years and through the close of business on May 24, 2019, there were no (1) disagreements with the Prior Auditor on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the Prior Auditor’s satisfaction, would have caused it to make reference to that matter in connection with its report; or (2) “reportable events,” as that term is defined in Item 304(a)(1)(v) of RegulationS-K under the Securities Exchange Act of 1934.

72      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

FEDERAL INCOME TAX INFORMATIONUnaudited

In early 2019, if applicable, shareholders of record received information regarding all dividends and distributions paid to them by the Fund during calendar year 2018.

None of the dividends paid by the Fund during the reporting period are eligible for the corporate dividend-received deduction.

Dividends, if any, paid by the Fund during the reporting period which are not designated as capital gain distributions, may be eligible for lower individual income tax rates to the extent that the Fund has received qualified dividend income as stipulated by recent tax legislation. In early 2019, shareholders of record received information regarding the percentage of distributions that are eligible for lower individual income tax rates. The amount will be the maximum amount allowed.

Recent tax legislation allows a regulated investment company to designate distributions not designated as capital gain distributions, as either interest related dividends or short-term capital gain dividends, both of which are exempt from the U.S. withholding tax applicable to non U.S. taxpayers. For the reporting period, the maximum amount allowable but not less than $42,980,521 of the ordinary distributions to be paid by the Fund qualifies as an interest related dividend.

The foregoing information is presented to assist shareholders in reporting distributions received from the Fund to the Internal Revenue Service. Because of the complexity of the federal regulations which may affect your individual tax return and the many variations in state and local tax regulations, we recommend that you consult your tax advisor for specific guidance.

73      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

APPROVAL OF INVESTMENT ADVISORY ANDSUB-ADVISORY CONTRACTSUnaudited

At meetings held on December 14, 2018, the Board of Trustees (the Board or the Trustees) of AIM Investment Securities Funds (Invesco Investment Securities Funds) (the Trust) as a whole, and the independent Trustees, who comprise over 75% of the Board, voting separately, approved (i) an amendment to the Trust’s Master Investment Advisory Agreement with Invesco Advisers, Inc. (Invesco Advisers and the investment advisory agreement) to add Invesco Oppenheimer Limited-Term Bond Fund (the Fund), (ii) an amendment to the Master IntergroupSub-Advisory Contract for Mutual Funds with Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited, Invesco Hong Kong Limited, Invesco Senior Secured Management, Inc. and Invesco Canada Ltd. to add the Fund, (iii) an amendment to the separatesub-advisory contract with Invesco Capital Management LLC to add the Fund, (iv) an amendment to the separatesub-advisory contract with Invesco Asset Management (India) Private Limited to add the Fund, and (v) an initialsub-advisory contract with OppenheimerFunds, Inc. (collectively, the AffiliatedSub-Advisers and thesub-advisory contracts). Additionally, on March 26, 2019, the Boardre-approved an initialsub-advisory contract with OppenheimerFunds, Inc. following its change of control as a result of the acquisition of OppenheimerFunds, Inc. and its subsidiaries, including the Oppenheimer mutual funds (each, an Oppenheimer Fund), by Invesco Ltd. (the OFI Transaction). After evaluating the factors discussed below, among others, the Board approved the Fund’s investment advisory agreement and thesub-advisory contracts and determined that the compensation payable by the Fund to Invesco Advisers and by Invesco Advisers to the AffiliatedSub-Advisers is fair and reasonable.

The Board’s Evaluation Process

The Board noted that it had previously approved establishing the Fund at the Board meeting held on October 23, 2018 and that the Fund was formed to acquire the assets and liabilities of an Oppenheimer Fund (the Acquired Fund) with the same investment objective and substantially similar principal investment strategies and risks. At the time of approval, the Fund had no assets and no performance history and the portfolio managers were not employed by Invesco Advisers or any of the AffiliatedSub-Advisers except OppenheimerFunds, Inc., which was not affiliated with Invesco at that time.

In approving the investment advisory agreement andsub-advisory contracts, the Board followed a process similar to the process that it follows in annually reviewing and approving investment advisory agreements andsub-advisory contracts for the series portfolios of funds advised by Invesco Advisers and considered the information provided in the most recent annual review process for those funds as well as the information provided with respect to the Fund. As part of the approval process, the Board reviewed and considered information provided in response to detailed requests for information submitted to management by the independent Trustees with assistance from legal counsel to the independent Trustees. The Board reviewed comparative investment performance and fee data prepared by Invesco Advisers and an independent mutual fund data provider. The Board was assisted in its review by the Senior Officer, an officer of the Invesco Funds who reports directly to the independent Trustees, and by independent legal counsel.

74      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

The discussion below serves as a summary of the material factors and related conclusions that formed the basis for the Board’s approval of the Fund’s investment advisory agreement andsub-advisory contracts. The Trustees’ review and conclusions are based on the comprehensive consideration of all information presented to them and are not the result of any single determinative factor. Moreover, one Trustee may have weighed a particular piece of information or factor differently than another Trustee. This information is current as of December 14, 2018 and March 26, 2019 for thesub-advisory contract with OppenheimerFunds, Inc.

Factors and Conclusions and Summary of Independent Written Fee Evaluation

A. Nature, Extent and Quality of Services Provided by Invesco Advisers and the AffiliatedSub-Advisers

The Board reviewed the nature, extent and quality of the advisory services to be provided to the Fund by Invesco Advisers under the Fund’s investment advisory agreement, and the credentials and experience of the officers and employees of Invesco Advisers who will provide these services. The Board’s review included consideration of the investment process oversight and structure, credit analysis and investment risk management to be employed in providing advisory services to the Fund. The Board also considerednon-advisory services that Invesco Advisers and its affiliates provide to the Invesco Funds and will provide to the Fund, such as various back office support functions, third party oversight, internal audit, valuation, portfolio trading and legal and compliance. The Board also received and reviewed information about Invesco Advisers’ role as administrator of the Invesco Funds’ liquidity risk management program. The Board also reviewed and considered the benefits to shareholders of investing in a fund that is part of the Invesco family of funds under the umbrella of Invesco Ltd., Invesco Advisers’ parent company, and noted Invesco Ltd.’s depth and experience in conducting an investment management business, as well as its commitment of financial and other resources to such business. The Board reviewed and considered information about the resources that Invesco Advisers intends to continue to commit to managing the Invesco family of funds, including the Fund, following the OFI Transaction. The Board concluded that the nature, extent and quality of the services to be provided to the Fund by Invesco Advisers are appropriate and satisfactory.

The Board reviewed the services that may be provided by the AffiliatedSub-Advisers under thesub-advisory contracts and the credentials and experience of the officers and employees of the AffiliatedSub-Advisers who provide these services. The Board noted the AffiliatedSub-Advisers’ expertise with respect to certain asset classes and that the AffiliatedSub-Advisers have offices and personnel that are located in financial centers around the world. As a result, the Board noted that the AffiliatedSub-Advisers can provide research and investment analysis on the markets and economies of various countries in which the Fund may invest, make recommendations regarding securities and assist with security trades. The Board concluded that thesub-advisory contracts may benefit the Fund and its shareholders by permitting Invesco Advisers to use the resources and talents of the AffiliatedSub-Advisers

75      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

APPROVAL OF INVESTMENT ADVISORY ANDSUB-ADVISORY CONTRACTSUnaudited / Continued

in managing the Fund. The Board concluded that the nature, extent and quality of the services that may be provided by the AffiliatedSub-Advisers are appropriate and satisfactory.

B. Fund Investment Performance

The Board noted that the Fund would continue the historical performance information of the Acquired Fund following the consummation of the OFI Transaction. The Board considered the performance of the Acquired Fund and the fact that, at the closing of the OFI Transaction, management anticipates that the Fund will be managed pursuant to substantially similar investment strategies and by substantially the same portfolio management team as managed the Acquired Fund. The Board did not view Fund performance as a relevant factor in considering whether to approve thesub-advisory contracts for the Fund, as no Affiliated Sub-Adviser currently manages assets of the Fund.

The Board compared the Fund’s investment performance over multiple time periods ending December 31, 2017 to the performance of funds in the Morningstar performance universe and against the Fund’s benchmark index. The Trustees also reviewed more recent Fund performance and this review did not change their conclusions.

C. Advisory andSub-Advisory Fees and Fund Expenses

The Board compared the Fund’s contractual management fee rate to the contractual management fee rates of funds in the Fund’s Morningstar expense group. The Board also considered comparative information regarding the Fund’s total expense ratio and its various components.

The Board noted that Invesco Advisers has contractually agreed to waive fees and/or limit expenses of the Fund for at least two years from the closing date of the OFI Transaction in an amount necessary to limit total annual operating expenses to a specified percentage of average daily net assets for each class of the Fund.

The Board also compared the Fund’s effective advisory fee rate (the advisory fee rate after advisory fee waivers and before other expense limitations/waivers) to the effective advisory fee rates of other mutual funds in the Fund’s Lipper category advised orsub-advised by Invesco Advisers and its affiliates, based on asset balances as of December 31, 2017.

The Board also considered the services that may be provided by the AffiliatedSub-Advisers pursuant to thesub-advisory contracts, as well as the fees payable by Invesco Advisers to the AffiliatedSub-Advisers pursuant to thesub-advisory contracts.

D. Economies of Scale and Breakpoints

The Board considered the extent to which there may be economies of scale in the provision of advisory services to the Fund. The Board considered Invesco’s reinvestment in its business, including investments in business infrastructure and cybersecurity. The Board also considered that the Fund may benefit from economies of scale through contractual breakpoints in the Fund’s advisory fee schedule, which generally operate to reduce the

76      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

Fund’s expense ratio as it grows in size. The Board noted that the Fund will share directly in economies of scale through lower fees charged by third party service providers based on the combined size of the Invesco Funds. The Board noted that the Fund may also benefit from economies of scale through initial fee setting, fee waivers and expense reimbursements.

E. Profitability and Financial Resources

The Board reviewed information from the 2018 contract renewal process provided by Invesco Advisers concerning the costs of the advisory and other services that Invesco Advisers and its affiliates provide to the Invesco Funds and the profitability of Invesco Advisers and its affiliates in providing these services. The Board considered the methodology used for calculating profitability and noted the periodic review of such methodology by an independent consultant. The Board noted that Invesco Advisers will continue to operate at a net profit from services Invesco Advisers and its affiliates provide to the Invesco Funds. The Board did not deem the level of profits realized by Invesco Advisers and its affiliates from providing services to the Invesco Funds, and the profits estimated to be realized by the Fund, to be excessive given the nature, extent and quality of the services provided. The Board received information from Invesco Advisers demonstrating that Invesco Advisers and the AffiliatedSub-Advisers are financially sound and have the resources necessary to perform their obligations under the investment advisory agreement andsub-advisory contracts.

F. Collateral Benefits to Invesco Advisers and its Affiliates

The Board considered various other benefits to be received by Invesco Advisers and its affiliates from the relationship with the Fund, including the fees to be received for providing administrative, transfer agency and distribution services to the Fund. The Board considered the performance of Invesco Advisers and its affiliates in providing these services to other Invesco Funds and the organizational structure employed to provide these services. The Board also considered that these services will be provided to the Fund pursuant to written contracts that are reviewed and approved on an annual basis by the Board; and that the services are required for the operation of the Fund.

The Board considered the benefits realized by Invesco Advisers and the Affiliated Sub-Advisers as a result of portfolio brokerage transactions executed through “soft dollar” arrangements. Invesco Advisers noted that the Fund will not execute brokerage transactions through “soft dollar” arrangements to any significant degree.

The Board considered that the Fund’s uninvested cash and cash collateral from any securities lending arrangements may be invested in money market funds advised by Invesco Advisers pursuant to procedures approved by the Board. The Board considered that Invesco Advisers will receive advisory fees from these affiliated money market funds attributable to such investments, although Invesco Advisers has contractually agreed to waive through varying periods the advisory fees payable by the Invesco Funds with respect to certain investments in the affiliated money market funds. The waiver is in an amount equal to 100% of the net advisory fee Invesco Advisers will receive from the affiliated money market funds

77      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

APPROVAL OF INVESTMENT ADVISORY ANDSUB-ADVISORY CONTRACTSUnaudited / Continued

with respect to the Fund’s investment in the affiliated money market funds of uninvested cash, but not cash collateral. The Board concluded that the amount of advisory fees to be received by Invesco Advisers from the Fund’s investment of cash collateral from any securities lending arrangements in the affiliated money market funds is fair and reasonable.

78      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

PORTFOLIO PROXY VOTING POLICIES AND GUIDELINES;

UPDATES TO SCHEDULE OF INVESTMENTSUnaudited

Go paperless with eDelivery

Visit invesco.com/edelivery to enjoy the convenience and security of anytime electronic access to your investment documents.

With eDelivery, you can elect to have any or all of the following materials delivered straight to your inbox to download, save and print from your own computer:

• Fund reports and prospectuses

• Quarterly statements

• Daily confirmations

• Tax forms

Invesco mailing information

Send general correspondence to Invesco Investment Services, Inc., P.O. Box 219078, Kansas City, MO 64121-9078.

Important notice regarding delivery of security holder documents

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at 800 959 4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

Fund holdings and proxy voting information

The Fund provides a complete list of its holdings four times in each fiscal year, at the quarter ends. For the second and fourth quarters, the lists appear in the Fund’s semiannual and annual reports to shareholders. For the first and third quarters, the Fund files the lists with the Securities and Exchange Commission (SEC) on FormN-PORT. The most recent list of portfolio holdings is available at invesco. com/completeqtrholdings. Shareholders can also look up the Fund’s FormsN-PORT on the SEC website at sec.gov.

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities is available without charge, upon request, from our Client Services department at 800 959 4246 or at invesco.com/proxyguidelines. The information is also available on the SEC website, sec.gov.

Information regarding how the Fund voted proxies related to its portfolio securities during the most recent12-month period ended June 30 is available at invesco.com/proxysearch. The information is also available on the SEC website, sec.gov.

Invesco Advisers, Inc. is an investment adviser; it provides investment advisory services to individual and institutional clients and does not sell securities. Invesco Distributors, Inc. is the US distributor for Invesco Ltd.’s retail mutual funds, exchange-traded funds and institutional money market funds. Both are wholly owned, indirect subsidiaries of Invesco Ltd.

79      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

SHAREHOLDER PROXYUnaudited

A Special Meeting (“Meeting”) of Shareholders of Invesco Oppenheimer Limited-Term Bond Fund was held on April 12, 2019. The Meeting was held for the following purpose:

(1) Approval of an Agreement and Plan of Reorganization that provides for the reorganization of Oppenheimer Limited-Term Bond Fund into Invesco Oppenheimer Limited-Term Bond Fund.

The results of the voting on the above matter was as follows:

Matter	Votes For		Votes Against		Votes Abstain		Broker Non-Votes
(1) Approval of an Agreement and Plan of Reorganization		208,537,400		3,939,353		12,666,009		0

80      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

TRUSTEES AND OFFICERSUnaudited

The address of each trustee and officer is AIM Investment Securities Funds (Invesco Investment Securities Funds) (the “Trust”), 11 Greenway Plaza, Suite 1000, Houston, Texas 77046-1173. The trustees serve for the life of the Trust, subject to their earlier death, incapacitation, resignation, retirement or removal as more specifically provided in the Trust’s organizational documents. Each officer serves for a one year term or until their successors are elected and qualified. Column two below includes length of time served with predecessor entities, if any.

Name, Year of Birth and Position(s) Held with the Trust	Trustee   and/or   Officer   Since	Principal Occupation(s) During Past 5 Years	Number of Funds in Fund Complex Overseen by Trustee	Other Directorship(s) Held by Trustee During Past 5 Years
INTERESTED PERSONS
Martin L. Flanagan1— 1960 Trustee and Vice Chair	2007	Executive Director, Chief Executive Officer and President, Invesco Ltd. (ultimate parent of Invesco and a global investment management firm); Trustee and Vice Chair, The Invesco Funds; Vice Chair, Investment Company Institute; and Member of Executive Board, SMU Cox School of Business Formerly: Advisor to the Board, Invesco Advisers, Inc. (formerly known as Invesco Institutional (N.A.), Inc.); Chairman and Chief Executive Officer, Invesco Advisers, Inc. (registered investment adviser); Director, Chairman, Chief Executive Officer and President, Invesco Holding Company (US), Inc. (formerly IVZ Inc.) (holding company), Invesco Group Services, Inc. (service provider) and Invesco North American Holdings, Inc. (holding company); Director, Chief Executive Officer and President, Invesco Holding Company Limited (parent of Invesco and a global investment management firm); Director, Invesco Ltd.; Chairman, Investment Company Institute and President,Co-Chief Executive Officer,Co-President, Chief Operating Officer and Chief Financial Officer, Franklin Resources, Inc. (global investment management organization)	230	None
Philip A. Taylor2— 1954 Trustee	2006	Vice Chair, Invesco Ltd.; Trustee, The Invesco Funds Formerly: Director, Invesco Canada Ltd. (formerly known as Invesco Trimark Ltd./ Invesco Trimark Ltèe) (registered investment adviser and registered transfer agent); Head of the Americas and Senior Managing Director, Invesco Ltd.; Director, Invesco Advisers, Inc. (formerly known as Invesco Institutional (N.A.), Inc.) (registered investment adviser);	230	None
1 Mr. Flanagan is considered an interested person (within the meaning of Section 2(a)(19) of the 1940 Act) of the Trust because he is an officer of the Adviser to the Trust, and an officer and a director of Invesco Ltd., ultimate parent of the Adviser.
2 Mr. Taylor is considered an interested person (within the meaning of Section 2(a)(19) of the 1940 Act) of the Trust because he is an officer of Invesco Ltd., ultimate parent of the Adviser.

81      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

TRUSTEES AND OFFICERSUnaudited / Continued

Name, Year of Birth and Position(s) Held with the Trust	Trustee   and/or   Officer   Since	Principal Occupation(s) During Past 5 Years	Number of Funds in Fund Complex Overseen by Trustee	Other Directorship(s) Held by Trustee During Past 5 Years
INTERESTED PERSONS (CONTINUED)
Philip A. Taylor (Continued)		Director and Chairman, Invesco Investment Services, Inc. (formerly known as Invesco AIM Investment Services, Inc.) (registered transfer agent); Chief Executive Officer, Invesco Corporate Class Inc. (corporate mutual fund company); Chairman and Chief Executive Officer, Invesco Canada Ltd. (formerly known as Invesco Trimark Ltd./ Invesco Trimark Ltèe) (registered investment adviser and registered transfer agent); Senior Vice President, The Invesco Funds; Director, Invesco Investment Advisers LLC (formerly known as Van Kampen Asset Management); Director, Chairman, Chief Executive Officer and President, Invesco Management Group, Inc. (formerly known as Invesco AIM Management Group, Inc.) (financial services holding company);Co-Chairman,Co-President andCo-Chief Executive Officer, Invesco Advisers, Inc. (formerly known as Invesco Institutional (N.A.), Inc.) (registered investment adviser); Director, Chief Executive Officer and President, Van Kampen Exchange Corp; President and Principal Executive Officer, The Invesco Funds (other than AIM Treasurer’s Series Trust (Invesco Treasurer’s Series Trust), Short-Term Investments Trust and Invesco Management Trust); Executive Vice President, The Invesco Funds (AIM Treasurer’s Series Trust (Invesco Treasurer’s Series Trust), Short-Term Investments Trust and Invesco Management Trust only); Director and President, INVESCO Funds Group, Inc. (registered investment adviser and registered transfer agent); Director and Chairman, IVZ Distributors, Inc. (formerly known as INVESCO Distributors, Inc.) (registered broker dealer); Director, President and Chairman, Invesco Inc. (holding company), Invesco Canada Holdings Inc. (holding company), Trimark Investments Ltd./ Placements Trimark Ltèe and Invesco Financial Services Ltd/Services Financiers Invesco Ltèe; Chief Executive Officer, Invesco Canada Fund Inc. (corporate mutual fund company); Director and Chairman, Van Kampen Investor Services Inc.; Director, Chief Executive Officer and President, 1371 Preferred Inc. (holding

82      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

Name, Year of Birth and Position(s) Held with the Trust	Trustee   and/or   Officer   Since	Principal Occupation(s) During Past 5 Years	Number of Funds in Fund Complex Overseen by Trustee	Other Directorship(s) Held by Trustee During Past 5 Years
INTERESTED PERSONS (CONTINUED)
Philip A. Taylor (Continued)		company) and Van Kampen Investments Inc.; Director and President, AIM GP Canada Inc. (general partner for limited partnerships) and Van Kampen Advisors, Inc.; Director and Chief Executive Officer, Invesco Trimark Dealer Inc. (registered broker dealer); Director, Invesco Distributors, Inc. (formerly known as Invesco AIM Distributors, Inc.) (registered broker dealer); Manager, Invesco Capital Management LLC; Director, Chief Executive Officer and President, Invesco Advisers, Inc.; Director, Chairman, Chief Executive Officer and President, Invesco AIM Capital Management, Inc.; President, Invesco Trimark Dealer Inc. and Invesco Trimark Ltd./Invesco Trimark Ltèe; Director and President, AIM Trimark Corporate Class Inc. and AIM Trimark Canada Fund Inc.; Senior Managing Director, Invesco Holding Company Limited; Director and Chairman, Fund Management Company (former registered broker dealer); President and Principal Executive Officer, The Invesco Funds (AIM Treasurer’s Series Trust (Invesco Treasurer’s Series Trust), and Short-Term Investments Trust only); President, AIM Trimark Global Fund Inc. and AIM Trimark Canada Fund Inc.

83      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

TRUSTEES AND OFFICERSUnaudited / Continued

Name, Year of Birth and Position(s) Held with the Trust	Trustee   and/or   Officer   Since	Principal Occupation(s) During Past 5 Years	Number of Funds in Fund Complex Overseen by Trustee	Other Directorship(s) Held by Trustee During Past 5 Years
INDEPENDENT TRUSTEES
Bruce L. Crockett – 1944 Trustee and Chair	2003	Chairman, Crockett Technologies Associates (technology consulting company) Formerly: Director, Captaris (unified messaging provider); Director, President and Chief Executive Officer, COMSAT Corporation; Chairman, Board of Governors of INTELSAT (international communications company); ACE Limited (insurance company); Independent Directors Council and Investment Company Institute: Member of the Audit Committee, Investment Company Institute; Member of the Executive Committee and Chair of the Governance Committee, Independent Directors Council	230	Director and Chairman of the Audit Committee, ALPS (Attorneys Liability Protection Society) (insurance company); Director and Member of the Audit Committee and Compensation Committee, Ferroglobe PLC (metallurgical company)
David C. Arch – 1945 Trustee	2010	Chairman of Blistex Inc. (consumer health care products manufacturer); Member, World Presidents’ Organization	230	Board member of the Illinois Manufacturers’ Association
Beth Ann Brown – 1968 Trustee	2019	Independent Consultant Formerly: Head of Intermediary Distribution, Managing Director, Strategic Relations, Managing Director, Head of National Accounts, Senior Vice President, National Account Manager and Senior Vice President, Key Account Manager, Columbia Management Investment Advisers LLC; Vice President, Key Account Manager, Liberty Funds Distributor, Inc.; and Trustee of certain Oppenheimer Funds	230	Director, Board of Directors of Caron Engineering Inc.; Advisor, Board of Advisors of Caron Engineering Inc.; President and Director, of Acton Shapleigh Youth Conservation Corps (non -profit); and Vice President and Director of Grahamtastic Connection (non- profit)
Jack M. Fields – 1952 Trustee	2003	Chief Executive Officer, Twenty First Century Group, Inc. (government affairs company); and Chairman, Discovery Learning Alliance(non-profit) Formerly: Owner and Chief Executive Officer, Dos Angeles Ranch L.P. (cattle, hunting, corporate entertainment); Director, Insperity, Inc. (formerly known as Administaff) (human resources provider); Chief Executive Officer, Texana Timber LP (sustainable forestry	230	None

84      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

Name, Year of Birth and Position(s) Held with the Trust	Trustee   and/or   Officer   Since	Principal Occupation(s) During Past 5 Years	Number of Funds in Fund Complex Overseen by Trustee	Other Directorship(s) Held by Trustee During Past 5 Years
INDEPENDENT TRUSTEES (CONTINUED)
Jack M. Fields (Continued)		company); Director of Cross Timbers Quail Research Ranch(non-profit); and member of the U.S. House of Representatives
Cynthia Hostetler —1962 Trustee	2017	Non-Executive Director and Trustee of a number of public and private business corporations Formerly: Director, Aberdeen Investment Funds (4 portfolios); Head of Investment Funds and Private Equity, Overseas Private Investment Corporation; President, First Manhattan Bancorporation, Inc.; Attorney, Simpson Thacher & Bartlett LLP	230	Vulcan Materials Company (construction materials company); Trilinc Global Impact Fund; Genesee & Wyoming, Inc. (railroads); Artio Global Investment LLC (mutual fund complex); Edgen Group, Inc. (specialized energy and infrastructure products distributor); Investment Company Institute (professional organization); Independent Directors Council (professional organization)
Eli Jones – 1961 Trustee	2016	Professor and Dean, Mays Business School - Texas A&M University Formerly: Professor and Dean, Walton College of Business, University of Arkansas and E.J. Ourso College of Business, Louisiana State University; Director, Arvest Bank	230	Insperity, Inc. (formerly known as Administaff) (human resources provider)
Elizabeth Krentzman – 1959 Trustee	2019	Formerly: Principal and Chief Regulatory Advisor for Asset Management Services and U.S. Mutual Fund Leader of Deloitte & Touche LLP; General Counsel of the Investment Company Institute (trade association); National Director of the Investment Management Regulatory Consulting Practice, Principal, Director and Senior Manager of Deloitte & Touche LLP; Assistant Director of the Division of Investment Management - Office of Disclosure and Investment Adviser Regulation of the U.S. Securities and Exchange Commission and various positions with the Division of Investment Management – Office of Regulatory Policy of the U.S. Securities and Exchange Commission; Associate at Ropes & Gray LLP.; Advisory Board Member of the	230	Trustee of the University of Florida National Board Foundation and Audit Committee Member; Member of the Cartica Funds Board of Directors (private investment funds); Member of the University of Florida Law Center Association, Inc. Board of Trustees and Audit Committee Member

85      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

TRUSTEES AND OFFICERSUnaudited / Continued

Name, Year of Birth and Position(s) Held with the Trust	Trustee   and/or   Officer   Since	Principal Occupation(s) During Past 5 Years	Number of Funds in Fund Complex Overseen by Trustee	Other Directorship(s) Held by Trustee During Past 5 Years
INDEPENDENT TRUSTEES (CONTINUED)
Elizabeth Krentzman (Continued)		Securities and Exchange Commission Historical Society; and Trustee of certain Oppenheimer Funds
Anthony J. LaCava, Jr. – 1956 Trustee	2019	Formerly: Director and Member of the Audit Committee, Blue Hills Bank (publicly traded financial institution) and Managing Partner, KPMG LLP	230	Blue Hills Bank; Chairman of Bentley University; Member, Business School Advisory Council; and Nominating Committee, KPMG LLP
Prema Mathai-Davis – 1950 Trustee	2003	Retired Co-Owner & Partner of Quantalytics Research, LLC, (a FinTech Investment Research Platform for the Self-Directed Investor)	230	None
Joel W. Motley – 1952 Trustee	2019	Director of Office of Finance, Federal Home Loan Bank; Member of the Vestry of Trinity Wall Street; Managing Director of Carmona Motley Hoffman, Inc. (privately held financial advisor); Member of the Finance and Budget Committee of the Council on Foreign Relations, Member of the Investment Committee and Board of Human Rights Watch and Member of the Investment Committee and Board of Historic Hudson Valley (non-profit cultural organization). Formerly: Managing Director of Public Capital Advisors, LLC (privately held financial advisor); Managing Director of Carmona Motley Hoffman, Inc. (privately held financial advisor); Trustee of certain Oppenheimer Funds; and Director of Columbia Equity Financial Corp. (privately held financial advisor)	230	Director of Greenwall Foundation (bioethics research foundation); Member of Board and Investment Committee of The Greenwall Foundation; Director of Southern Africa Legal Services Foundation; Board Member and Investment Committee Member of Pulitzer Center for Crisis Reporting (non-profit journalism)
Teresa M. Ressel — 1962 Trustee	2017	Non-executive director and trustee of a number of public and private business corporations Formerly: Chief Financial Officer, Olayan America, The Olayan Group (international investor/commercial/industrial); Chief Executive Officer, UBS Securities LLC; Group Chief Operating Officer, Americas, UBS AG; Assistant Secretary for Management & Budget and CFO, US Department of the Treasury	230	Atlantic Power Corporation (power generation company); ON Semiconductor Corp. (semiconductor supplier)

86      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

Name, Year of Birth and Position(s) Held with the Trust	Trustee   and/or   Officer   Since	Principal Occupation(s) During Past 5 Years	Number of Funds in Fund Complex Overseen by Trustee	Other Directorship(s) Held by Trustee During Past 5 Years
INDEPENDENT TRUSTEES (CONTINUED)
Ann Barnett Stern – 1957 Trustee	2017	President and Chief Executive Officer, Houston Endowment Inc. (private philanthropic institution) Formerly: Executive Vice President and General Counsel, Texas Children’s Hospital; Attorney, Beck, Redden and Secrest, LLP; Business Law Instructor, University of St. Thomas; Attorney, Andrews & Kurth LLP	230	Federal Reserve Bank of Dallas
Raymond Stickel, Jr. – 1944 Trustee	2005	Retired Formerly: Director, Mainstay VP Series Funds, Inc. (25 portfolios); Partner, Deloitte & Touche	230	None
Robert C. Troccoli – 1949 Trustee	2016	Retired Formerly: Adjunct Professor, University of Denver – Daniels College of Business, Senior Partner, KPMG LLP	230	None
Daniel S. Vandivort –1954 Trustee	2019	Treasurer, Chairman of the Audit and Finance Committee, and Trustee, Board of Trustees, Huntington Disease Foundation of America; and President, Flyway Advisory Services LLC (consulting and property management). Formerly: Trustee and Governance Chair, of certain Oppenheimer Funds	230	Chairman and Lead Independent Director, Chairman of the Audit Committee, and Director, Board of Directors, Value Line Funds
James D. Vaughn – 1945 Trustee	2019	Retired Formerly: Managing Partner, Deloitte & Touche LLP; Trustee and Chairman of the Audit Committee, Schroder Funds; Board Member, Mile High United Way, Boys and Girls Clubs, Boy Scouts, Colorado Business Committee for the Arts, Economic Club of Colorado and Metro Denver Network (economic development corporation); and Trustee of certain Oppenheimer Funds	230	Board member and Chairman of Audit Committee of AMG National Trust Bank; Trustee and Investment Committee member, University of South Dakota Foundation; Board member, Audit Committee Member and past Board Chair, Junior Achievement(non-profit)
Christopher L. Wilson – 1957 Trustee, Vice Chair and Chair Designate	2017	Retired Formerly: Director, TD Asset Management USA Inc. (mutual fund complex) (22 portfolios); Managing Partner, CT2, LLC (investing and	230	ISO New England, Inc.(non-profit organization managing regional electricity market)

87      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

TRUSTEES AND OFFICERSUnaudited / Continued

Name, Year of Birth and Position(s) Held with the Trust	Trustee   and/or   Officer   Since	Principal Occupation(s) During Past 5 Years	Number of Funds in Fund Complex Overseen by Trustee	Other Directorship(s) Held by Trustee During Past 5 Years
INDEPENDENT TRUSTEES (CONTINUED)
Christopher L. Wilson (Continued)		consulting firm); President/Chief Executive Officer, Columbia Funds, Bank of America Corporation; President/Chief Executive Officer, CDC IXIS Asset Management Services, Inc.; Principal & Director of Operations, Scudder Funds, Scudder, Stevens & Clark, Inc.; Assistant Vice President, Fidelity Investments

88      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

Name, Year of Birth and Position(s) Held with the Trust	Trustee   and/or   Officer   Since	Principal Occupation(s) During Past 5 Years	Number of Funds in Fund Complex Overseen by Trustee	Other Directorship(s) Held by Trustee During Past 5 Years
OTHER OFFICERS
Sheri Morris — 1964 President, Principal Executive Officer and Treasurer	2003	President, Principal Executive Officer and Treasurer, The Invesco Funds; Vice President, Invesco Advisers, Inc. (formerly known as Invesco Institutional (N.A.), Inc.) (registered investment adviser); and Vice President, Invesco Exchange-Traded Fund Trust, Invesco Exchange-Traded Fund Trust II, Invesco India Exchange-Traded Fund Trust, Invesco Actively Managed Exchange-Traded Fund Trust, Invesco Actively Managed Exchange-Traded Commodity Fund Trust and Invesco Exchange- Traded Self-Indexed Fund Trust, and Vice President, OppenheimerFunds, Inc. Formerly: Vice President and Principal Financial Officer, The Invesco Funds; Vice President, Invesco AIM Advisers, Inc., Invesco AIM Capital Management, Inc. and Invesco AIM Private Asset Management, Inc.; Assistant Vice President and Assistant Treasurer, The Invesco Funds and Assistant Vice President, Invesco Advisers, Inc., Invesco AIM Capital Management, Inc. and Invesco AIM Private Asset Management, Inc.; and Treasurer, Invesco Exchange-Traded Fund Trust, Invesco Exchange-Traded Fund Trust II, Invesco India Exchange-Traded Fund Trust and Invesco Actively Managed Exchange-Traded Fund Trust	N/A	N/A
Russell C. Burk — 1958 Senior Vice President and Senior Officer	2005	Senior Vice President and Senior Officer, The Invesco Funds	N/A	N/A
Jeffrey H. Kupor – 1968 Senior Vice President, Chief Legal Officer and Secretary	2018	Head of Legal of the Americas, Invesco Ltd.; Senior Vice President and Secretary, Invesco Advisers, Inc. (formerly known as Invesco Institutional (N.A.), Inc.) (registered investment adviser); Senior Vice President and Secretary, Invesco Distributors, Inc. (formerly known as Invesco AIM Distributors, Inc.); Vice President and Secretary, Invesco Investment Services, Inc. (formerly known as Invesco AIM Investment Services, Inc.) Senior Vice President, Chief Legal Officer and Secretary, The Invesco Funds; Secretary and General Counsel, Invesco Investment Advisers LLC (formerly known as Van Kampen Asset Management); Secretary and General Counsel, Invesco Capital Markets, Inc. (formerly known as Van Kampen Funds Inc.) and Chief Legal Officer, Invesco Exchange-Traded Fund Trust,	N/A	N/A

89      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

TRUSTEES AND OFFICERSUnaudited / Continued

Name, Year of Birth and Position(s) Held with the Trust	Trustee   and/or   Officer   Since	Principal Occupation(s) During Past 5 Years	Number of Funds in Fund Complex Overseen by Trustee	Other Directorship(s) Held by Trustee During Past 5 Years
OTHER OFFICERS (CONTINUED)
Jeffrey H. Kupor (Continued)		Invesco Exchange-Traded Fund Trust II, Invesco India Exchange-Traded Fund Trust, Invesco Actively Managed Exchange-Traded Fund Trust, Invesco Actively Managed Exchange- Traded Commodity Fund Trust and Invesco Exchange-Traded Self-Indexed Fund Trust; Secretary, Invesco Indexing LLC; Secretary, W.L. Ross & Co., LLC Formerly: Secretary and Vice President, Jemstep, Inc.; Head of Legal, Worldwide Institutional, Invesco Ltd.; Secretary and General Counsel, INVESCO Private Capital Investments, Inc.; Senior Vice President, Secretary and General Counsel, Invesco Management Group, Inc. (formerly known as Invesco AIM Management Group, Inc.); Assistant Secretary, INVESCO Asset Management (Bermuda) Ltd.; Secretary and General Counsel, Invesco Private Capital, Inc.; Assistant Secretary and General Counsel, INVESCO Realty, Inc.; Secretary and General Counsel, Invesco Senior Secured Management, Inc.; and Secretary, Sovereign G./P. Holdings Inc.
Andrew R. Schlossberg – 1974 Senior Vice President	2019	Head of the Americas and Senior Managing Director, Invesco Ltd.; Director and Senior Vice President, Invesco Advisers, Inc. (formerly known as Invesco Institutional (N.A.), Inc.) (registered investment adviser); Director and Chairman, Invesco Investment Services, Inc. (formerly known as Invesco AIM Investment Services, Inc.) (registered transfer agent); Senior Vice President, The Invesco Funds; Director, Invesco Investment Advisers LLC (formerly known as Van Kampen Asset Management); Director, President and Chairman, Invesco Insurance Agency, Inc. Formerly: Director, Invesco UK Limited; Director and Chief Executive, Invesco Asset Management Limited and Invesco Fund Managers Limited; Assistant Vice President, The Invesco Funds; Senior Vice President, Invesco Advisers, Inc. (formerly known as Invesco Institutional (N.A.), Inc.) (registered investment adviser); Director and Chief Executive, Invesco Administration Services Limited and Invesco Global Investment Funds	N/A	N/A

90      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

Name, Year of Birth and Position(s) Held with the Trust	Trustee   and/or   Officer   Since	Principal Occupation(s) During Past 5 Years	Number of Funds in Fund Complex Overseen by Trustee	Other Directorship(s) Held by Trustee During Past 5 Years
OTHER OFFICERS (CONTINUED)
Andrew R. Schlossberg (Continued)		Limited; Director, Invesco Distributors, Inc.; Head of EMEA, Invesco Ltd.; President, Invesco Actively Managed Exchange-Traded Commodity Fund Trust, Invesco Actively Managed Exchange-Traded Fund Trust, Invesco Exchange-Traded Fund Trust, Invesco Exchange-Traded Fund Trust II and Invesco India Exchange-Traded Fund Trust; Managing Director and Principal Executive Officer, Invesco Capital Management LLC
John M. Zerr — 1962 Senior Vice President	2006	Chief Operating Officer of the Americas; Senior Vice President, Invesco Advisers, Inc. (formerly known as Invesco Institutional (N.A.), Inc.) (registered investment adviser); Senior Vice President, Invesco Distributors, Inc. (formerly known as Invesco AIM Distributors, Inc.); Director and Vice President, Invesco Investment Services, Inc. (formerly known as Invesco AIM Investment Services, Inc.) Senior Vice President, The Invesco Funds; Managing Director, Invesco Capital Management LLC; Director, Invesco Investment Advisers LLC (formerly known as Van Kampen Asset Management); Senior Vice President, Invesco Capital Markets, Inc. (formerly known as Van Kampen Funds Inc.); Manager, Invesco Indexing LLC; Manager, Invesco Specialized Products, LLC; Director and Senior Vice President, Invesco Insurance Agency, Inc.; Member, Invesco Canada Funds Advisory Board; Director, President and Chief Executive Officer, Invesco Corporate Class Inc. (corporate mutual fund company); and Director, Chairman, President and Chief Executive Officer, Invesco Canada Ltd. (formerly known as Invesco Trimark Ltd./Invesco Trimark Ltèe) (registered investment adviser and registered transfer agent) Formerly: Director and Senior Vice President, Invesco Management Group, Inc. (formerly known as Invesco AIM Management Group, Inc.); Secretary and General Counsel, Invesco Management Group, Inc. (formerly known as Invesco AIM Management Group, Inc.); Secretary, Invesco Investment Services, Inc. (formerly known as Invesco AIM Investment Services, Inc.); Chief Legal Officer and Secretary, The Invesco Funds; Secretary and	N/A	N/A

91      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

TRUSTEES AND OFFICERSUnaudited / Continued

Name, Year of Birth and Position(s) Held with the Trust	Trustee   and/or   Officer   Since	Principal Occupation(s) During Past 5 Years	Number of Funds in Fund Complex Overseen by Trustee	Other Directorship(s) Held by Trustee During Past 5 Years
OTHER OFFICERS (CONTINUED)
John M. Zerr (Continued)		General Counsel, Invesco Investment Advisers LLC (formerly known as Van Kampen Asset Management); Secretary and General Counsel, Invesco Capital Markets, Inc. (formerly known as Van Kampen Funds Inc.); Chief Legal Officer, Invesco Exchange-Traded Fund Trust, Invesco Exchange-Traded Fund Trust II, Invesco India Exchange-Traded Fund Trust, Invesco Actively Managed Exchange-Traded Fund Trust, Invesco Actively Managed Exchange- Traded Commodity Fund Trust and Invesco Exchange-Traded Self-Indexed Fund Trust; Secretary, Invesco Indexing LLC; Director, Secretary, General Counsel and Senior Vice President, Van Kampen Exchange Corp.; Director, Vice President and Secretary, IVZ Distributors, Inc. (formerly known as INVESCO Distributors, Inc.); Director and Vice President, INVESCO Funds Group, Inc.; Director and Vice President, Van Kampen Advisors Inc.; Director, Vice President, Secretary and General Counsel, Van Kampen Investor Services Inc.; Director and Secretary, Invesco Distributors, Inc. (formerly known as Invesco AIM Distributors, Inc.); Director, Senior Vice President, General Counsel and Secretary, Invesco AIM Advisers, Inc. and Van Kampen Investments Inc.; Director, Vice President and Secretary, Fund Management Company; Director, Senior Vice President, Secretary, General Counsel and Vice President, Invesco AIM Capital Management, Inc.; Chief Operating Officer and General Counsel, Liberty Ridge Capital, Inc. (an investment adviser)
Gregory G. McGreevey - 1962 Senior Vice President	2012	Senior Managing Director, Invesco Ltd.; Director, Chairman, President, and Chief Executive Officer, Invesco Advisers, Inc. (formerly known as Invesco Institutional (N.A.), Inc.) (registered investment adviser); Director, Invesco Mortgage Capital, Inc. and Invesco Senior Secured Management, Inc.; and Senior Vice President, The Invesco Funds; and President, SNW Asset Management Corporation Formerly: Senior Vice President, Invesco Management Group, Inc. and Invesco Advisers, Inc.; Assistant Vice President, The Invesco Funds	N/A	N/A

92      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

Name, Year of Birth and Position(s) Held with the Trust	Trustee   and/or   Officer   Since	Principal Occupation(s) During Past 5 Years	Number of Funds in Fund Complex Overseen by Trustee	Other Directorship(s) Held by Trustee During Past 5 Years
OTHER OFFICERS (CONTINUED)
Kelli Gallegos – 1970 Vice President, Principal Financial Officer and Assistant Treasurer	2008	Assistant Treasurer, Invesco Specialized Products, LLC; Vice President, Principal Financial Officer and Assistant Treasurer, The Invesco Funds; Principal Financial and Accounting Officer –Pooled Investments, Invesco Capital Management LLC; Vice President and Treasurer, Invesco Exchange-Traded Fund Trust, Invesco Exchange-Traded Fund Trust II, Invesco India Exchange-Traded Fund Trust, Invesco Actively Managed Exchange-Traded Fund Trust, Invesco Actively Managed Exchange-Traded Commodity Fund Trust and Invesco Exchange-Traded Self-Indexed Fund Trust Formerly: Assistant Treasurer, Invesco Exchange-Traded Fund Trust, Invesco Exchange-Traded Fund Trust II, Invesco India Exchange-Traded Fund Trust, Invesco Actively Managed Exchange-Traded Fund Trust, Invesco Actively Managed Exchange-Traded Commodity Fund Trust and Invesco Exchange-Traded Self-Indexed Fund Trust; Assistant Treasurer, Invesco Capital Management LLC; Assistant Vice President, The Invesco Funds	N/A	N/A
Crissie M. Wisdom – 1969 Anti-Money Laundering Compliance Officer	2013	Anti-Money Laundering Compliance Officer, Invesco Advisers, Inc. (formerly known as Invesco Institutional (N.A.), Inc.) (registered investment adviser), Invesco Capital Markets, Inc. (formerly known as Van Kampen Funds Inc.), Invesco Distributors, Inc., Invesco Investment Services, Inc., The Invesco Funds, and Invesco Exchange-Traded Fund Trust, Invesco Exchange-Traded Fund Trust II, Invesco India Exchange-Traded Fund Trust, Invesco Actively Managed Exchange-Traded Fund Trust, Invesco Actively Managed Exchange-Traded Commodity Fund Trust and Invesco Exchange-Traded Self-Indexed Fund Trust; Anti-Money Laundering Compliance Officer and Bank Secrecy Act Officer, INVESCO National Trust Company and Invesco Trust Company; and Fraud Prevention Manager and Controls and Risk Analysis Manager for Invesco Investment Services, Inc. Formerly: Anti-Money Laundering Compliance Officer, Van Kampen Exchange Corp. and Invesco Management Group, Inc.	N/A	N/A

93      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

TRUSTEES AND OFFICERSUnaudited / Continued

Name, Year of Birth and Position(s) Held with the Trust	Trustee   and/or   Officer   Since	Principal Occupation(s) During Past 5 Years	Number of Funds in Fund Complex Overseen by Trustee	Other Directorship(s) Held by Trustee During Past 5 Years
OTHER OFFICERS (CONTINUED)
Robert R. Leveille – 1969 Chief Compliance Officer	2016	Chief Compliance Officer, Invesco Advisers, Inc. (registered investment adviser); and Chief Compliance Officer, The Invesco Funds Formerly: Chief Compliance Officer, Putnam Investments and the Putnam Funds	N/A	N/A

The Statement of Additional Information of the Trust includes additional information about the Fund’s Trustees and is available upon request, without charge, by calling 1.800.959.4246. Please refer to the Fund’s Statement of Additional Information for information on the Fund’ssub-advisers.

Office of the Fund

11 Greenway Plaza,

Suite 1000

Houston, TX 77046-1173

Counsel to the Fund

Stradley Ronon Stevens & Young, LLP

2005 Market Street,

Suite 2600

Philadelphia, PA 19103-7018

Investment Adviser

Invesco Advisers, Inc.

1555 Peachtree Street, N.E.

Atlanta, GA 30309

Counsel to the

Independent Trustees

Goodwin Procter LLP

901 New York Avenue, N.W.

Washington, D.C. 20001

Distributor

Invesco Distributors, Inc.

11 Greenway Plaza,

Suite 1000

Houston, TX

77046-1173

Transfer Agent

Invesco Investment

Services, Inc.

11 Greenway Plaza,

Suite 1000

Houston, TX

77046-1173

Auditors

PricewaterhouseCoopers LLP

1000 Louisiana Street,

Suite 5800

Houston, TX 77002-5021

Custodian

Citibank, N.A.

111 Wall Street

New York, NY 10005

94      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

INVESCO’S PRIVACY NOTICE

Invesco recognizes the importance of protecting your personal and financial information when you visit our website located atwww.invesco.com (the “Website”). The following information is designed to help you understand the information collection practices at this Website. We will not sell, share or rent your personally identifiable information to others in contravention of this Privacy Policy. When we refer to ourselves as “we” or “Invesco” in this Privacy Policy, we mean our entire company including our affiliates, such as subsidiaries.

By visiting this Website, you are accepting the practices described in this Privacy Policy. If you do not agree to this policy, you may not use this Website. This Privacy Policy is subject to change without notice, from time to time in our sole discretion. You acknowledge that by accessing the Website after we have posted changes to this Privacy Policy, you are agreeing to this Privacy Policy as modified. Please review the Terms of Use¹ to learn of other terms and conditions applicable to your use of the Website.

Please note that this Privacy Policy is not an exclusive statement of our privacy principles across all products and services. Other privacy principles or policies may apply depending on the products or services you obtain from Invesco, or the jurisdiction in which you transact with Invesco.

This Privacy Policy was last updated on May 6, 2018.

Information We Collect and Use

We collect personal information you choose to submit to the Website in order to process transactions requested by you and meet our contractual obligations. For example, you can choose to provide your name, contact information, social security number, or tax identification number in connection with accessing your account, or you can choose to provide your personal information when you fill out a secure account question form. Any information collected about you from the Website can, from time to time, be associated with other identifying information we have about you.

In addition, we may gather information about you automatically through your use of the Website, e.g. your IP address, how you navigate the Website, the organization from which you are accessing the Website, and the websites that you access before and after you visit the Website.

When you access the Website, we may also collect information such as unique device identifiers, your screen resolution and other device settings, information about your location, and analytical information about how you use the device from which you are viewing the Website. Where applicable, we may ask your permission before collecting certain information, such as precise geolocation information.

From time to time, we use or augment the personal information we have about you with information obtained from third parties. For example, we use third party information to confirm contact or financial information or to better understand your interests by associating demographic information from third parties with the information you have provided.

How We Use Personal Information

We use your personal information to respond to your inquiries and provide the products and services you request. We also use your information from time to time to deliver the content and services we believe

¹ NTD

95      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

INVESCO’S PRIVACY NOTICEContinued

you will find the most relevant and to provide customer service and support.

We also use the information you provide to further develop and improve our products and services. We aggregate and/orde-identify data about visitors to the Website for various business purposes including product and service development and improvement activities.

How We Share Personal Information

We collaborate with other companies and individuals to perform services for us and on our behalf and we collaborate with our affiliates, other companies and individuals with respect to particular products or services (“Providers”). Examples of Providers include data analysis firms, customer service and support providers, email and SMS vendors, andweb-hosting and development companies. Some Providers collect information for us or on our behalf on our Website. These Providers can be provided with access to personal information needed to perform their functions.

We reserve the right to disclose your personal information as required by law, when we believe disclosure is necessary to comply with a regulatory requirement, judicial proceeding, court order or legal process served on us, to protect the safety, rights or property of our customers, the public or Invesco or to enforce the Terms of Use.

If we sell or transfer a business unit (such as a subsidiary) or an asset (such as a website) to another company, we will share your personal information with such company. You will receive notice of such an event and the new entity will inform you of any changes to the practices in this Privacy Policy. If the new entity wishes to make additional use of your information, you have the right to decline such use at that time.

We occasionally disclose aggregate orde-identified data that is not personally identifiable with third parties.

Cookies and Other Tools

Invesco and its Providers collect information about you by using cookies, tracking pixels and other technologies. We use this information to better understand, customize and improve user experience with our websites, services and offerings as well as to manage our advertising. For example, we use web analytics services that use these technologies to gather information to help us understand how visitors engage with and navigate our Website, e.g., how and when pages in a site are visited and by how many visitors. We are also able to offer our visitors a more customized, relevant experience on our sites using these technologies by delivering content and functionality based on your preferences and interests.

Depending on their purpose, some cookies will only operate for the length of a single browsing session, while others have a longer life span to ensure that they fulfill their longer-term purposes. Your web browser can be set to allow you to control whether you will accept cookies or reject cookies, to notify you each time a cookie is sent to your browser, or to delete cookies that have already been set. If your browser is set to reject cookies, certain aspects of the Website that are cookie-enabled will not recognize you when you return to the website, and some Website functionality may be lost. The “Help” section of your browser may tell you how to prevent your browser from accepting cookies. To find out more about cookies, visitwww.aboutcookies.org.

96      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

Security

No data transmission over the internet can be 100% secure, so Invesco cannot ensure or warrant the security of any information you submit to us on this Website. However, Invesco seeks to protect your personal information from unauthorized access or use when you transact business on our Website using technical, administrative and procedural measures. Invesco makes no representation as to the reasonableness, efficacy, or appropriateness of the measures we use to safeguard such information.

Users are responsible for maintaining the secrecy of their own passwords. If you have reason to believe that your interaction with us is no longer secure (for example, if you feel that the security of any account you might have with us has been compromised), please immediately notify us by contacting us as specified below.

Transfer of Data to Other Countries

Any information you provide to Invesco through use of the Website may be stored and processed, transferred between and accessed from the United States, Canada and other countries which do not guarantee the same level of protection of personal information as the one in which you reside. However, Invesco will handle your personal information in accordance with this Privacy Policy regardless of where your personal information is stored/accessed.

Children’s Privacy

We are committed to protecting the privacy of children. We do not knowingly collect personal information from children under the age of 18. If you are under the age of 18, do not provide us with any personal information.

Contact Us

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Invesco Ltd.

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97      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

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98      INVESCO OPPENHEIMER LIMITED-TERM BOND FUND

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Send general correspondence to Invesco Investment Services, Inc., P.O. Box 219078, Kansas City, MO 64121-9078.

Invesco Distributors, Inc. O-LTB-AR-1             10272019

ITEM 2. CODE OF ETHICS.

There were no amendments to the Code of Ethics (the “Code”) that applies to the Registrant’s Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”) during the period covered by the report. The Registrant did not grant any waivers, including implicit waivers, from any provisions of the Code to the PEO or PFO during the period covered by this report.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

The Board of Trustees has determined that the Registrant has at least one audit committee financial expert serving on its Audit Committee. The Audit Committee financial experts are David C. Arch, Bruce L. Crockett, Cynthia Hostetler, Elizabeth Krentzman, Anthony J. LaCava, Jr., Teresa M. Ressel, Raymond Stickel, Jr., Robert C. Troccoli and James Vaughn. David C. Arch, Bruce L. Crockett, Cynthia Hostetler, Elizabeth Krentzman, Anthony J. LaCava, Jr., Teresa M. Ressel, Raymond Stickel, Jr., Robert C. Troccoli and James Vaughn are “independent” within the meaning of that term as used in FormN-CSR.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

During the reporting period, PricewaterhouseCoopers LLC (“PwC”) advised the Audit Committee of the following matters for consideration under the SEC’s auditor independence rules. PwC advised the Audit Committee that a PwC Senior Associate, a PwC Manager and a PwC Director each held financial interests in investment companies within the Invesco Fund Complex that were inconsistent with the requirements of Rule2-01(c)(1) of RegulationS-X. PwC noted, among other things, that during the time of its audit, the engagement team was not aware of the investments (or with respect to the PwC Senior Associate and one PwC Manager. was not aware until after the investments were confirmed as SEC exceptions), the individuals were not in the chain of command of the audit or the audit partners of Invesco or the affiliate of the Registrant, the services each individual provided were not relied upon by the audit engagement team with respect to the audit of the Registrant or its affiliates (or with respect to the PwC Senior Associate, the services were performed by an individual who did not have decision-making responsibilities for matters that materially affected the audit and were reviewed by team members at least two levels higher than the PwC Senior Associate), and the investments were not material to the net worth of each individual or their respective immediate family members which PwC considered in reaching its conclusion. PwC advised the Audit Committee that it believes its objectivity and impartiality had not been adversely affected by these matters as they related to the audit of the Registrant.

On May 24, 2019, certain investment advisor subsidiaries of Invesco Ltd. assumed management responsibility from Oppenheimer Funds, Inc. (“OFI”) for 83open-end mutual funds and 20 exchange-traded funds (collectively, the “Oppenheimer Funds”). Assumption of management responsibility for the Oppenheimer Funds was accomplished through the reorganization of each Oppenheimer Fund into a new Invesco shell fund (collectively, the “New Invesco Funds”) that did not havepre-existing assets (together, the “Reorganizations”). The Reorganizations were part of the acquisition by Invesco Ltd. (together with its subsidiaries, “Invesco”) of the asset management business of OFI (including the Oppenheimer Funds) from Massachusetts Mutual Life Insurance Company (“MassMutual”), which was also consummated on May 24, 2019 (the “Acquisition”). Subsequent to the Acquisition, MassMutual became a significant shareholder of Invesco, and the Invesco Ltd. board of directors expanded by one director with the addition of a director selected by MassMutual.

Prior to the consummation of the Acquisition and the Reorganizations on May 24, 2019, PwC completed an independence assessment to evaluate the services and relationships with OFI and its affiliates, which

became affiliates of Invesco upon the closing of the Acquisition. The assessment identified the following relationship and services that are inconsistent with the auditor independence rules under Rule2-01 of RegulationS-X (“Rule2-01”) if provided to an affiliate of an audit client. A retired PwC partner who receives a benefit from PwC that is not fully funded, served as a member of Audit Committee of the Boards of Trustees of certain Oppenheimer Funds prior to the Acquisition (the“Pre-Reorganization Relationship”). Additionally, PwC provided certainnon-audit services including, expert legal services to one Oppenheimer Fund, custody of client assets in connection with payroll services, anon-audit service performed pursuant to a success-based fee,non-audit services in which PwC acted as an advocate on behalf of a MassMutual foreign affiliate and certain employee activities undertaken in connection with the provision ofnon-audit services for MassMutual and certain MassMutual foreign affiliates (collectively, the“Pre-Reorganization Services”).

PwC and the Audit Committees of the New Invesco Funds each considered the impact that thePre-Reorganization Relationship and Services have on PwC’s independence with respect to the New Invesco Funds. On the basis of the nature of the relationship and services performed, and in particular the mitigating factors described below, PwC concluded that a reasonable investor, possessing knowledge of all the relevant facts and circumstances regarding thePre-Reorganization Relationship and Services, would conclude that thePre-Reorganization Relationship and Services do not impair PwC’s ability to exhibit the requisite objectivity and impartiality to report on the financial statements of the New Invesco Funds for the years ending May 31, 2019 – April 30, 2020 (“PwC’s Conclusion”).

The Audit Committees of the Boards of Trustees of the New Invesco Funds, based upon PwC’s Conclusion and the concurrence of Invesco, considered the relevant facts and circumstances including the mitigating factors described below and, after careful consideration, concluded that PwC is capable of exercising objective and impartial judgment in connection with its audits of the financial statements of the New Invesco Funds that the respective Boards of Trustees oversee.

Mitigating factors that PwC and the Audit Committees considered in reaching their respective conclusions included, among others, the following factors:

• none of thePre-Reorganization Relationship or Services created a mutuality of interest between PwC and the New Invesco Funds;

• PwC will not act in a management or employee capacity for the New Invesco Funds or their affiliates during any portion of PwC’s professional engagement period;

• other than the expert legal services,Pre-Reorganization Services that have been provided to OFI, MassMutual and their affiliates do not have any impact on the financial statements of the New Invesco Funds;

• as it relates to the expert legal services, while the service provided by PwC related to litigation involving one Oppenheimer Fund, the impact of the litigation on the Oppenheimer Fund’s financial statements was based upon OFI’s decision, and OFI management represented that the PwC service was not considered a significant component of its decision;

• while certain employees of OFI who were involved in the financial reporting process of the Oppenheimer Funds will be employed by Invesco subsequent to the Reorganizations, existing officers of other Invesco Funds will serve as Principal Executive Officer and Principal Financial Officer or equivalent roles for the New Invesco Funds, and are ultimately responsible for the accuracy of all financial statement assertions for the entirety of the financial reporting periods for the New Invesco Funds;

• thePre-Reorganization Services giving rise to the lack of independence were provided to, or entered into with, OFI, MassMutual and their affiliates at a time when PwC had no independence restriction with respect to these entities;

• with the exception of the expert legal service provided to one Oppenheimer Fund, none of thePre-Reorganization Services affected the operations or financial reporting of the New Invesco Funds;

• thePre-Reorganization Services provided by PwC to OFI, MassMutual and their affiliates were performed by persons who were not, and will not be, part of the audit engagement team for the New Invesco Funds; and

• the fees associated with thePre-Reorganization Services were not material to MassMutual, Invesco or PwC.

(a) to (d)

Fees Billed by PwC Related to the Registrant

PwC billed the series of the Registrant with a fiscal year end of August 31, 2019 (each a “Fund”) aggregate fees for services rendered to these Funds as shown in the following table. Each Fund is newly organized and was created, respectively, for the purpose of acquiring the assets and liabilities of a corresponding predecessor fund (each, a “Reorganization”). Each Reorganization was consummated after the close of business on May 24, 2019, prior to which each Fund had not yet commenced operations. Accordingly, the information shown in the following table has been provided for the periods since each Fund’s commencement of operations. The Audit Committeepre-approved all audit andnon-audit services provided to the Funds.

	Fees Billed for Services Rendered to the Registrant for fiscal year end 2019
Audit Fees	$                  39,065
Audit-Related Fees	$                           0
Tax Fees(1)	$                    7,380
All Other Fees	$                           0
Total Fees	$                  46,445

(g) PwC billed the Registrant aggregatenon-audit fees of $7,380 for the fiscal year ended August 31, 2019

(1) Tax Fees for the fiscal year ended August 31, 2019 include fees billed for reviewing tax returns and/or services related to tax compliance.

Fees Billed by PwC Related to Invesco and Invesco Affiliates

PwC billed Invesco Advisers, Inc. (“Invesco”), each Fund’s adviser, and any entity controlling, controlled by or under common control with Invesco that provides ongoing services to each Fund (“Invesco Affiliates”) aggregate fees forpre-approvednon-audit services rendered to Invesco and Invesco Affiliates for the periods since each Fund’s commencement of operations as shown in the following table. The Audit Committeepre-approved allnon-audit services provided to Invesco and Invesco Affiliates.

	Fees Billed for Non-Audit Services Rendered to Invesco and Affiliates for fiscal year end 2019 That Were Required to bePre-Approved by the Registrant’s Audit Committee
Audit-Related Fees(1)	$    690,000
Tax Fees	$               0
All Other Fees	$               0
Total Fees	$    690,000

(1) Audit-Related Fees for the fiscal year ended August 31, 2019 include fees billed related to reviewing controls at a service organization.

(e)(2) There were no amounts that werepre-approved by the Audit Committee pursuant to the de minimis exception under Rule2-01 of RegulationS-X.

(f) Not applicable.

(g) Including the fees for services not required to bepre-approved by the registrant’s audit committee, PwC billed Invesco and Invesco Affiliates aggregatenon-audit fees of $3,901,000 for the fiscal year ended August 31, 2019 fornon-audit services rendered to Invesco and Invesco Affiliates.

PwC provided audit services to the Investment Company complex of approximately $34 million.

(h) The Audit Committee also has considered whether the provision ofnon-audit services that were rendered to Invesco and Invesco Affiliates that were not required to bepre-approved pursuant to SEC regulations, if any, is compatible with maintaining PwC’s independence.

(e)(1)

PRE-APPROVAL OF AUDIT ANDNON-AUDIT SERVICES

POLICIES AND PROCEDURES

As adopted by the Audit Committees

of the Invesco Funds (the “Funds”)

Last Amended March 29, 2017

I. Statement of Principles

The Audit Committees (the “Audit Committee”) of the Boards of Trustees of the Funds (the “Board”) have adopted these policies and procedures (the “Procedures”) with respect to thepre-approval of audit andnon-audit services to be provided by the Funds’ independent auditor (the “Auditor”) to the Funds, and to the Funds’ investment adviser(s) and any entity controlling, controlled by, or under common control with the investment adviser(s) that provides ongoing services to the Funds (collectively, “Service Affiliates”).

Under Section 202 of the Sarbanes-Oxley Act of 2002, all audit andnon-audit services provided to the Funds by the Auditor must be preapproved by the Audit Committee. Rule2-01 of RegulationS-X requires that the Audit Committee alsopre-approve a Service Affiliate’s engagement of the Auditor fornon-audit services if the engagement relates directly to the operations and financial reporting of the Funds (a “Service Affiliate’s Covered Engagement”).

These Procedures set forth the procedures and the conditions pursuant to which the Audit Committee maypre-approve audit andnon-audit services for the Funds and a Service Affiliate’s Covered Engagement pursuant to rules and regulations of the Securities and Exchange Commission (“SEC”) and other organizations and regulatory bodies applicable to the Funds (“Applicable Rules”).¹ They address both generalpre-approvals without consideration of specificcase-by-case services (“general pre-approvals”) and pre-approvals on acase-by-case basis (“specific pre-approvals”). Any services requiringpre-approval that are not within the scope of generalpre-approvals hereunder are subject to specificpre-approval. These Procedures also address the delegation by the Audit Committee ofpre-approval authority to the Audit Committee Chair or Vice Chair.

II. Pre-Approval of Fund Audit Services

The annual Fund audit services engagement, including terms and fees, is subject to specificpre-approval by the Audit Committee. Audit services include the annual financial statement audit and other procedures required to be performed by an independent auditor to be able to form an opinion on the Funds’ financial statements. The Audit Committee will receive, review and consider sufficient information concerning a proposed Fund audit engagement to make a reasonable evaluation of the Auditor’s qualifications and independence. The Audit Committee will oversee the Fund audit services engagement as necessary, including approving any changes in terms, audit scope, conditions and fees.

In addition to approving the Fund audit services engagement at least annually and specifically approving any changes, the Audit Committee may generally or specificallypre-approve engagements for other audit services, which are those services that only an independent auditor reasonably can provide. Other audit services may include services associated with SEC registration statements, periodic reports and other documents filed with the SEC.

III. General and SpecificPre-Approval ofNon-Audit Fund Services

The Audit Committee will consider, at least annually, the list of GeneralPre-ApprovedNon-Audit Services which list may be terminated or modified at any time by the Audit Committee. To inform the Audit Committee’s review and approval of GeneralPre-ApprovedNon-Audit Services, the Funds’ Treasurer (or his or her designee) and Auditor shall provide such information regarding independence or other matters as the Audit Committee may request.

Any services or fee ranges that are not within the scope of GeneralPre-ApprovedNon-Audit Services have not received generalpre-approval and require specificpre-approval. Each request for specificpre-approval by the Audit Committee for services to be provided by the Auditor to the Funds must be submitted to the Audit Committee by the Funds’ Treasurer (or his or her designee)and must include detailed information about the services to be provided, the fees or fee ranges to be charged, and other relevant information sufficient to allow the Audit Committee to consider

¹ Applicable Rules include, for example, New York Stock Exchange (“NYSE”) rules applicable toclosed-end funds managed by Invesco and listed on NYSE.

whether topre-approve such engagement, including evaluating whether the provision of such services will impair the independence of the Auditor and is otherwise consistent with Applicable Rules.

IV. Non-Audit Service Types

The Audit Committee may provide either general or specificpre-approval of audit-related, tax or other services, each as described in more detail below.

a. Audit-Related Services

“Audit-related services” are assurance and related services that are reasonably related to the performance of the audit or review of the Fund’s financial statements or that are traditionally performed by an independent auditor. Audit-related services include, among others, accounting consultations related to accounting, financial reporting or disclosure matters not classified as “Audit services”; assistance with understanding and implementing new accounting and financial reporting guidance from rulemaking authorities; services related to mergers, acquisitions or dispositions; compliance with ratings agency requirements and interfund lending activities; and assistance with internal control reporting requirements.

b. Tax Services

“Tax services” include, but are not limited to, the review and signing of the Funds’ federal tax returns, the review of required distributions by the Funds and consultations regarding tax matters such as the tax treatment of new investments or the impact of new regulations. The Audit Committee will not approve proposed services of the Auditor which the Audit Committee believes are to be provided in connection with a service or transaction initially recommended by the Auditor, the sole business purpose of which may be tax avoidance and the tax treatment of which may not be supported in the Internal Revenue Code and related regulations. The Audit Committee will consult with the Funds’ Treasurer (or his or her designee) and may consult with outside counsel or advisers as necessary to ensure the consistency of tax services rendered by the Auditor with the foregoing policy. The Auditor shall not represent any Fund or any Service Affiliate before a tax court, district court or federal court of claims.

Each request to provide tax services under either the general or specificpre-approval of the Audit Committee will include a description from the Auditor in writing of (i) the scope of the service, the fee structure for the engagement, and any side letter or other amendment to the engagement letter, or any other agreement (whether oral, written, or otherwise) between the Auditor and the Funds, relating to the service; and (ii) any compensation arrangement or other agreement, such as a referral agreement, a referral fee orfee-sharing arrangement, between the Auditor (or an affiliate of the Auditor) and any person (other than the Funds or Service Affiliates receiving the services) with respect to the promoting, marketing, or recommending of a transaction covered by the service. The Auditor will also discuss with the Audit Committee the potential effects of the services on the independence of the Auditor, and document the substance of its discussion with the Audit Committee.

c. Other Services

The Audit Committee maypre-approve other non-audit services so long as the Audit Committee believes that the service will not impair the independence of the Auditor.Appendix I includes a list of services that the Auditor is prohibited from performing by the SEC rules.Appendix I also includes a list of services that would impair the Auditor’s independence unless the Audit Committee reasonably concludes that the results of the services will not be subject to audit procedures during an audit of the Funds’ financial statements.

V. Pre-Approval of Service Affiliate’s Covered Engagements

Rule2-01 of RegulationS-X requires that the Audit Committeepre-approve a Service Affiliate’s engagement of the Auditor fornon-audit services if the engagement relates directly to the operations and financial reporting of the Funds, defined above as a “Service Affiliate’s Covered Engagement”.

The Audit Committee may provide either general or specificpre-approval of any Service Affiliate’s Covered Engagement, including for audit-related, tax or other services, as described above, if the Audit Committee believes that the provision of the services to a Service Affiliate will not impair the independence of the Auditor with respect to the Funds. Any Service Affiliate’s Covered Engagements that are not within the scope of GeneralPre-ApprovedNon-Audit Services have not received generalpre-approval and require specificpre-approval.

Each request for specificpre-approval by the Audit Committee of a Service Affiliate’s Covered Engagement must be submitted to the Audit Committee by the Funds’ Treasurer (or his or her designee)and must include detailed information about the services to be provided, the fees or fee ranges to be charged, a description of the current status of thepre-approval process involving other audit committees in the Invesco investment company complex (as defined in Rule2-201 of RegulationS-X) with respect to the proposed engagement, and other relevant information sufficient to allow the Audit Committee to consider whether the provision of such services will impair the independence of the Auditor from the Funds. Additionally, the Funds’ Treasurer (or his or her designee) and the Auditor will provide the Audit Committee with a statement that the proposed engagement requirespre-approval by the Audit Committee, the proposed engagement, in their view, will not impair the independence of the Auditor and is consistent with Applicable Rules, and the description of the proposed engagement provided to the Audit Committee is consistent with that presented to or approved by the Invesco audit committee.

Information about all Service Affiliate engagements of the Auditor fornon-audit services, whether or not subject topre-approval by the Audit Committee, shall be provided to the Audit Committee at least quarterly, to allow the Audit Committee to consider whether the provision of such services is compatible with maintaining the Auditor’s independence from the Funds. The Funds’ Treasurer and Auditor shall provide the Audit Committee with sufficiently detailed information about the scope of services provided and the fees for such services, to ensure that the Audit Committee can adequately consider whether the provision of such services is compatible with maintaining the Auditor’s independence from the Funds.

VI. Pre-Approved Fee Levels or Established Amounts

Pre-approved fee levels or ranges for audit andnon-audit services to be provided by the Auditor to the Funds, and for a Service Affiliate’s Covered Engagement, under generalpre-approval or specificpre-approval will be set periodically by the Audit Committee. Any proposed fees exceeding 110% of the maximumpre-approved fee levels or ranges for such services or engagements will be promptly presented to the Audit Committee and will require specificpre-approval by the Audit Committee before payment of any additional fees is made.

VII. Delegation

The Audit Committee hereby delegates, subject to the dollar limitations set forth below, specific authority to its Chair, or in his or her absence, Vice Chair, topre-approve audit andnon-audit services proposed to be provided by the Auditor to the Funds and/or a Service Affiliate’s Covered Engagement, between Audit Committee meetings. Such delegation does not preclude the Chair or Vice Chair from declining, on a case by case basis, to exercise his or her delegated authority and instead convening the Audit Committee to consider andpre-approve any proposed services or engagements.

Notwithstanding the foregoing, the Audit Committee mustpre-approve: (a) anynon-audit services to be provided to the Funds for which the fees are estimated to exceed $500,000; (b) any Service Affiliate’s Covered Engagement for which the fees are estimated to exceed $500,000; or (c) any cost increase to any previously approved service or engagement that exceeds the greater of $250,000 or 50% of the previously approved fees up to a maximum increase of $500,000.

VIII. Compliance with Procedures

Notwithstanding anything herein to the contrary, failure topre-approve any services or engagements that are not required to bepre-approved pursuant to the de minimis exception provided for in Rule2-01(c)(7)(i)(C) of RegulationS-X shall not constitute a violation of these Procedures. The Audit Committee has designated the Funds’ Treasurer to ensure services and engagements arepre-approved in compliance with these Procedures. The Funds’ Treasurer will immediately report to the Chair of the Audit Committee, or the Vice Chair in his or her absence, any breach of these Procedures that comes to the attention of the Funds’ Treasurer or any services or engagements that are not required to bepre-approved pursuant to the de minimis exception provided for inRule 2-01(c)(7)(i)(C) of RegulationS-X.

On at least an annual basis, the Auditor will provide the Audit Committee with a summary of allnon-audit services provided to any entity in the investment company complex (as defined in section2-01(f)(14) of RegulationS-X, including the Funds and Service Affiliates) that were notpre-approved, including the nature of services provided and the associated fees.

IX. Amendments to Procedures

All material amendments to these Procedures must be approved in advance by the Audit Committee.Non-material amendments to these Procedures may be made by the Legal and Compliance Departments and will be reported to the Audit Committee at the next regularly scheduled meeting of the Audit Committee.

Appendix I

Non-Audit Services That May Impair the Auditor’s Independence

The Auditor is not independent if, at any point during the audit and professional engagement, the Auditor provides the followingnon-audit services:

• Management functions;

• Human resources;

• Broker-dealer, investment adviser, or investment banking services ;

• Legal services;

• Expert services unrelated to the audit;

• Any service or product provided for a contingent fee or a commission;

• Services related to marketing, planning, or opining in favor of the tax treatment of confidential transactions or aggressive tax position transactions, a significant purpose of which is tax avoidance;

• Tax services for persons in financial reporting oversight roles at the Fund; and

• Any other service that the Public Company Oversight Board determines by regulation is impermissible.

An Auditor is not independent if, at any point during the audit and professional engagement, the Auditor provides the followingnon-audit services unless it is reasonable to conclude that the results of the services will not be subject to audit procedures during an audit of the Funds’ financial statements:

• Bookkeeping or other services related to the accounting records or financial statements of the audit client;

• Financial information systems design and implementation;

• Appraisal or valuation services, fairness opinions, orcontribution-in-kind reports;

• Actuarial services; and

• Internal audit outsourcing services.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

Not applicable.

ITEM 6. SCHEDULE OF INVESTMENTS.

Investments in securities of unaffiliated issuers is included as part of the reports to stockholders filed under Item 1 of this Form.

ITEM 7.	DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FORCLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 8.	PORTFOLIO MANAGERS OFCLOSED-END MANAGEMENT COMPANIES.
Not applicable.
ITEM 9.	PURCHASES OF EQUITY SECURITIES BYCLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
ITEM 10.	SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
None
ITEM 11.	CONTROLS AND PROCEDURES.
(a)	As of October 22, 2019, an evaluation was performed under the supervision and with the participation of the officers of the Registrant, including the Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”), to assess the effectiveness of the Registrant’s disclosure controls and procedures, as that term is defined in Rule30a-3(c) under the Investment Company Act of 1940 (“Act”), as amended. Based on that evaluation, the Registrant’s officers, including the PEO and PFO, concluded that, as of October 22, 2019, the Registrant’s disclosure controls and procedures were reasonably designed so as to ensure: (1) that information required to be disclosed by the Registrant on FormN-CSR is recorded, processed, summarized and reported within the time periods specified by the rules and forms of the Securities and Exchange Commission; and (2) that material information relating to the Registrant is made known to the PEO and PFO as appropriate to allow timely decisions regarding required disclosure.
(b)	There have been no changes in the Registrant’s internal control over financial reporting (as defined inRule 30a-3(d) under the Act) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
ITEM 12.	DISCLOSURE OF SECURITIES LENDING ACTIVITIES FORCLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.

ITEM 13.	EXHIBITS.
13(a) (1)	Code of Ethics.
13(a) (2)	Certifications of principal executive officer and principal financial officer as required by Rule30a-2(a) under the Investment Company Act of 1940.
13(a) (3)	Not applicable.
13(a) (4)	Registrant’s Independent Public Accountant, attached as Exhibit 99.ACCT
13(b)	Certifications of principal executive officer and principal financial officer as required by Rule30a-2(b) under the Investment Company Act of 1940.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Registrant:    AIM Investment Securities Funds (Invesco Investment Securities Funds)

By:	/s/ Sheri Morris
	Sheri Morris
	Principal Executive Officer
Date:	November 7, 2019

Pursuant to the requirements of the Securities and Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By:	/s/ Sheri Morris
	Sheri Morris
	Principal Executive Officer
Date:	November 7, 2019

By:	/s/ Kelli Gallegos
	Kelli Gallegos
	Principal Financial Officer
Date:	November 7, 2019