Aim Tax Exempt Funds NPORT-P Invesco Rochester AMT-Free New York Municipal Fund (Nov 2022 report)

Schedule of Investments

November 30, 2022

(Unaudited)

	Interest Rate	Maturity Date	Principal Amount (000)		Value
Municipal Obligations–106.53%
New York–99.55%
Albany (County of), NY Industrial Development Agency (Sage Colleges); Series 1999 A, RB	5.30%	04/01/2029	$	3,105	$	2,777,579
Albany Capital Resource Corp. (Empire Commons Student Housing, Inc.);
Series 2016 A, Ref. RB	5.00%	05/01/2027		200		207,027
Series 2016 A, Ref. RB	5.00%	05/01/2032		200		204,458
Amherst Development Corp. (Daemen College); Series 2018, Ref. RB	5.00%	10/01/2024		570		575,202
Brookhaven Local Development Corp. (Jefferson’s Ferry);
Series 2016, Ref. RB	5.25%	11/01/2036		215		219,790
Series 2020 B, RB	4.00%	11/01/2055		1,250		999,797
Brooklyn Arena Local Development Corp. (Barclays Center); Series 2016 A, Ref. RB	5.00%	07/15/2042		4,000		3,662,763
Broome County Local Development Corp. (Good Shepherd Village at Endwell); Series 2021, Ref. RB	4.00%	07/01/2036		640		539,692
Buffalo & Erie County Industrial Land Development Corp. (Charter School for Applied Technology); Series 2017 A, Ref. RB	5.00%	06/01/2035		160		165,656
Buffalo & Erie County Industrial Land Development Corp. (Medaille College);
Series 2013, Ref. RB	5.25%	04/01/2035		4,555		4,554,690
Series 2018, Ref. RB(a)	5.00%	10/01/2038		1,200		1,116,623
Build NYC Resource Corp. (Children’s Aid Society (The)); Series 2019, RB	4.00%	07/01/2044		450		417,466
Build NYC Resource Corp. (Consortium for Worker Education, Inc.); Series 2020, RB(a)	5.00%	12/01/2049		1,360		1,083,112
Build NYC Resource Corp. (Grand Concourse Academy Charter School); Series 2022 A, RB	5.00%	07/01/2052		150		149,867
Build NYC Resource Corp. (Manhattan College);
Series 2017, Ref. RB	5.00%	08/01/2032		170		180,338
Series 2017, Ref. RB	5.00%	08/01/2036		290		303,313
Series 2017, Ref. RB	5.00%	08/01/2047		600		613,008
Build NYC Resource Corp. (New Dawn Charter Schools);
Series 2019, RB(a)	5.63%	02/01/2039		190		190,610
Series 2019, RB(a)	5.75%	02/01/2049		230		230,045
Build NYC Resource Corp. (New York Law School); Series 2016, Ref. RB	5.00%	07/01/2041		650		653,054
Build NYC Resource Corp. (Special Needs Facilities Pooled Program);
Series 2013 A-1, RB	5.25%	07/01/2023		250		247,763
Series 2013 A-1, RB	5.38%	07/01/2028		1,490		1,363,528
Series 2013 A-1, RB	5.75%	07/01/2033		790		684,983
Build NYC Resource Corp. (Whin Music Community Charter School); Series 2022, RB(a)	6.50%	07/01/2052		3,100		3,037,987
Canandaigua & Bristol (Towns of), NY;
Series 2007, GO Bonds	5.00%	12/15/2027		25		25,162
Series 2007, GO Bonds	5.00%	12/15/2028		30		30,177
Series 2007, GO Bonds	5.00%	12/15/2029		30		30,160
Series 2007, GO Bonds	5.00%	12/15/2030		30		30,149
Series 2007, GO Bonds	5.00%	12/15/2031		35		35,164
Series 2007, GO Bonds	5.00%	12/15/2032		35		35,160
Series 2007, GO Bonds	5.00%	12/15/2033		35		35,155
Series 2007, GO Bonds	5.00%	12/15/2034		40		40,190
Series 2007, GO Bonds	5.00%	12/15/2035		40		40,194
Series 2007, GO Bonds	5.00%	12/15/2036		45		45,218
Series 2007, GO Bonds	5.00%	12/15/2037		45		45,216
Series 2007, GO Bonds	5.00%	12/15/2038		50		50,234
Series 2007, GO Bonds	5.00%	12/15/2039		50		50,216
Series 2007, GO Bonds	5.00%	12/15/2040		55		55,232
Series 2007, GO Bonds	5.00%	12/15/2041		55		55,223
Series 2007, GO Bonds	5.00%	12/15/2042		60		60,231
Cattaraugus (County of), NY (St. Bonaventure University);
Series 2014, RB	5.00%	05/01/2034		100		102,076
Series 2014, RB	5.00%	05/01/2039		100		101,561
Dutchess County Local Development Corp. (Health Quest Systems, Inc.);
Series 2016 B, RB	5.00%	07/01/2046		12,200		12,216,142
Series 2019 B, Ref. RB	4.00%	07/01/2044		120		106,340

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

Invesco Rochester^® AMT-Free New York Municipal Fund

	Interest Rate	Maturity Date	Principal Amount (000)		Value
New York–(continued)
Dutchess County Local Development Corp. (Marist College); Series 2022, RB	4.00%	07/01/2049	$	1,500	$	1,401,303
Dutchess County Local Development Corp. (Nuvance Health); Series 2019 B, Ref. RB	4.00%	07/01/2049		300		259,313
Dutchess County Local Development Corp. (Vassar College);
Series 2017, Ref. RB	5.00%	07/01/2034		160		170,918
Series 2017, Ref. RB	5.00%	07/01/2036		160		169,878
Series 2017, Ref. RB	5.00%	07/01/2037		235		248,745
Series 2017, Ref. RB	5.00%	07/01/2042		500		522,868
Erie Tobacco Asset Securitization Corp.;
Series 2005 A, RB	5.00%	06/01/2031		75		73,874
Series 2005 A, RB	5.00%	06/01/2038		5,000		4,858,224
Series 2005 D, RB(b)	0.00%	06/01/2055		74,000		3,966,718
Genesee County Funding Corp. (The) (Rochester Regional Health Obligated Group); Series 2022 A, Ref. RB	5.25%	12/01/2052		1,750		1,780,577
Glen Cove Local Economic Assistance Corp. (Garvies Point Public Improvement); Series 2016 B, RB(b)	0.00%	01/01/2045		18,750		4,547,192
Glen Cove Local Economic Assistance Corp. (Tiegerman School); Series 2018 A-2, RB (Acquired 06/26/2018; Cost $965,000)(a)(c)	5.50%	07/01/2044		965		863,749
Guilderland (Town of), NY Industrial Development Agency; Series 2017 A, RB(a)(d)	5.88%	01/01/2052		5,000		3,750,000
Hempstead Town Local Development Corp. (Evergreen Charter School); Series 2019, Ref. RB(a)	6.80%	12/01/2044		1,640		1,660,132
Hempstead Town Local Development Corp. (Molloy College);
Series 2014, RB	5.00%	07/01/2029		300		306,082
Series 2014, RB	5.00%	07/01/2034		300		304,362
Series 2014, RB	5.00%	07/01/2039		250		252,514
Series 2014, RB	5.00%	07/01/2044		200		201,624
Series 2017, Ref. RB	5.00%	07/01/2029		100		104,715
Series 2017, Ref. RB	5.00%	07/01/2030		80		83,427
Series 2017, Ref. RB	5.00%	07/01/2031		75		78,021
Series 2017, Ref. RB	5.00%	07/01/2032		135		140,031
Series 2017, Ref. RB	5.00%	07/01/2035		135		138,736
Series 2017, Ref. RB	5.00%	07/01/2036		110		112,763
Series 2017, Ref. RB	5.00%	07/01/2038		80		81,602
Hudson Yards Infrastructure Corp.;
Series 2017 A, Ref. RB(e)	5.00%	02/15/2045		5,000		5,207,161
Series 2017-XF0551, Revenue Ctfs.(e)	5.00%	02/15/2042		25,765		26,934,510
Hudson Yards Infrastructure Corp. (Green Bonds); Series 2021 A, Ref. RB	4.00%	02/15/2040		5,845		5,808,594
Huntington Local Development Corp.; Series 2016, RB(a)	6.50%	12/01/2046		2,150		1,636,922
Long Island (City of), NY Power Authority;
Series 2014 A, Ref. RB	5.00%	09/01/2039		1,185		1,215,049
Series 2014 A, Ref. RB	5.00%	09/01/2044		2,970		3,040,745
Series 2016 B, Ref. RB	5.00%	09/01/2036		1,250		1,318,558
Series 2016 B, Ref. RB	5.00%	09/01/2046		1,485		1,539,966
Series 2016, Ref. RB	5.00%	09/01/2035		2,500		2,646,141
Series 2017, RB	5.00%	09/01/2042		4,000		4,197,747
Series 2018, RB	5.00%	09/01/2034		5,000		5,431,306
Series 2018, RB	5.00%	09/01/2039		1,000		1,063,900
Series 2021 A, Ref. RB	4.00%	09/01/2038		2,900		2,890,591
Metropolitan Transportation Authority;
Series 2014 B, RB	5.25%	11/15/2039		900		905,976
Series 2014 B, RB	5.00%	11/15/2044		2,000		1,970,129
Series 2016 B, Ref. RB	5.00%	11/15/2035		2,000		2,033,763
Series 2016 B, Ref. RB	5.00%	11/15/2037		7,000		7,092,893
Series 2016 C-1, RB	5.25%	11/15/2056		11,760		11,869,646
Metropolitan Transportation Authority (Bidding Group 2); Series 2022 A, RB	4.00%	11/15/2052		4,570		4,147,172
Metropolitan Transportation Authority (Green Bonds);
Series 2016 A-1, RB	5.25%	11/15/2056		5,715		5,762,085
Series 2017 A-1, RB	5.25%	11/15/2057		2,565		2,589,592
Series 2017 B-1, RB	5.25%	11/15/2057		10,000		10,492,252

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

Invesco Rochester^® AMT-Free New York Municipal Fund

	Interest Rate	Maturity Date	Principal Amount (000)		Value
New York–(continued)
Monroe County Industrial Development Corp. (Monroe Community College);
Series 2014, Ref. RB (INS - AGM)(f)	5.00%	01/15/2028	$	350	$	357,856
Series 2014, Ref. RB (INS - AGM)(f)	5.00%	01/15/2029		500		511,245
Series 2014, Ref. RB (INS - AGM)(f)	5.00%	01/15/2038		150		152,990
Monroe County Industrial Development Corp. (Rochester General Hospital (The));
Series 2013 A, Ref. RB	5.00%	12/01/2032		1,450		1,451,370
Series 2017, RB	5.00%	12/01/2036		1,400		1,438,223
Series 2017, RB	5.00%	12/01/2046		3,200		3,234,850
Monroe County Industrial Development Corp. (Rochester Regional Health); Series 2020, Ref. RB	4.00%	12/01/2046		1,000		861,370
Monroe County Industrial Development Corp. (St. Ann’s Community); Series 2019, Ref. RB	5.00%	01/01/2050		3,000		2,378,920
Monroe County Industrial Development Corp. (St. John Fisher College);
Series 2011, RB	5.63%	06/01/2026		125		125,222
Series 2011, RB	6.00%	06/01/2034		250		250,482
Series 2014 A, RB	5.00%	06/01/2029		100		102,191
Series 2014 A, RB	5.50%	06/01/2034		180		184,757
Series 2014 A, RB	5.00%	06/01/2044		285		288,688
Monroe County Industrial Development Corp. (University of Rochester); Series 2020 A, RB	4.00%	07/01/2050		7,000		6,565,892
Montgomery County Capital Resource Corp.;
Series 2020 A-1, RB	4.95%	07/01/2030		770		653,994
Series 2020 A-2, RB	5.40%	07/01/2050		5,625		4,036,007
Series 2020 B, RB	5.38%	07/01/2025		265		254,124
MTA Hudson Rail Yards Trust Obligations;
Series 2016 A, RB	5.00%	11/15/2051		1,000		1,000,268
Series 2016 A, RB	5.00%	11/15/2056		17,000		17,000,452
Nassau (County of), NY;
Series 2018 B, GO Bonds (INS - AGM)(f)	5.00%	07/01/2049		3,930		4,098,657
Series 2019 A, GO Bonds (INS - AGM)(f)	5.00%	04/01/2043		1,490		1,573,985
Nassau (County of), NY Industrial Development Agency; Series 2003 A-C, RB	7.00%	09/01/2028		885		861,263
Nassau (County of), NY Industrial Development Agency (Amsterdam at Harborside);
Series 2021, RB (Acquired 11/14/2014-10/16/2018; Cost $3,192,819)(c)	5.00%	01/01/2058		3,133		1,543,511
Series 2021, Ref. RB (Acquired 09/07/2021; Cost $1,540,000)(a)(c)	9.00%	01/01/2041		1,540		1,284,697
Nassau County Local Economic Assistance Corp. (Hispanic Counseling Center, Inc.); Series 2018 A-2, Ref. RB	5.20%	12/01/2037		290		222,185
Nassau County Tobacco Settlement Corp.;
Series 2006 A-2, RB	5.25%	06/01/2026		2,928		2,868,243
Series 2006 D, RB(b)	0.00%	06/01/2060		60,000		3,126,624
New Rochelle (City of), NY (70 Nardozzi/City DPW); Series 2018 A-2, RB	5.13%	08/01/2050		3,095		2,094,273
New Rochelle (City of), NY (Iona College);
Series 2015 A, Ref. RB	5.00%	07/01/2032		350		361,887
Series 2015 A, Ref. RB	5.00%	07/01/2033		565		582,963
Series 2015 A, Ref. RB	5.00%	07/01/2034		450		463,265
Series 2015 A, Ref. RB	5.00%	07/01/2040		200		203,573
Series 2015 A, Ref. RB	5.00%	07/01/2045		225		227,706
New York & New Jersey (States of) Port Authority;
Two Hundred Fifth Series 2017, Ref. RB(e)	5.25%	11/15/2057		11,300		11,868,894
Two Hundredth Series 2017, Ref. RB	5.00%	10/15/2047		6,000		6,228,745
New York (City of), NY;
Series 1997 C, GO Bonds(g)	5.50%	11/15/2037		15		15,037
Series 2019 CC-1, RB	4.00%	06/15/2040		950		951,130
Series 2020 D-1, GO Bonds	5.00%	03/01/2038		1,400		1,526,743
Series 2020 D-1, GO Bonds	4.00%	03/01/2042		2,600		2,548,477
Series 2020 D-1, GO Bonds	4.00%	03/01/2050		2,000		1,890,314
Series 2020, Ref. RB	5.00%	06/15/2050		1,500		1,600,636
Series 2021 A-1, GO Bonds	4.00%	08/01/2050		1,500		1,418,021
Series 2021 CC-1, RB	4.00%	06/15/2051		11,000		10,426,534
Series 2021 F-1, GO Bonds	3.00%	03/01/2041		1,585		1,330,761
Series 2021 F-1, GO Bonds	5.00%	03/01/2044		5,000		5,366,200
Subseries 2019 A-1, GO Bonds	4.00%	08/01/2044		5,000		4,845,291
Subseries 2022 D-1, GO Bonds	5.25%	05/01/2043		3,225		3,588,601

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

Invesco Rochester^® AMT-Free New York Municipal Fund

	Interest Rate	Maturity Date	Principal Amount (000)		Value
New York–(continued)
New York (City of), NY Industrial Development Agency (Comprehensive Care Management);
Series 2005 C-2, RB	6.00%	05/01/2026	$	75	$	68,258
Series 2005 E-2, RB	6.13%	11/01/2035		250		187,868
New York (City of), NY Industrial Development Agency (The Child School); Series 2003, RB	7.55%	06/01/2033		3,335		3,368,794
New York (City of), NY Industrial Development Agency (Yankee Stadium);
Series 2020, Ref. RB	4.00%	03/01/2045		1,300		1,174,113
Series 2020, Ref. RB (INS - AGM)(f)	4.00%	03/01/2045		800		746,367
New York (City of), NY Municipal Water Finance Authority;
Series 2019 CC-1, RB	4.00%	06/15/2049		1,050		1,001,958
Series 2020 AA-1, Ref. RB	4.00%	06/15/2050		10,250		9,748,870
New York (City of), NY Transitional Finance Authority;
Series 2015 S, RB	5.00%	07/15/2034		1,395		1,440,462
Series 2017 C, Ref. RB	5.00%	11/01/2030		920		1,005,447
Series 2017 C, Ref. RB	5.00%	11/01/2032		1,470		1,591,827
Series 2018 S-1, RB	5.00%	07/15/2043		8,085		8,528,367
Series 2019 B-1, RB	4.00%	11/01/2042		10,000		9,732,647
Series 2019 B-1, RB	4.00%	11/01/2043		6,000		5,807,186
Series 2020 C-1, RB	4.00%	05/01/2036		300		304,080
Series 2020 C-1, RB	4.00%	05/01/2037		550		552,855
Series 2020 C-1, RB	4.00%	05/01/2038		600		600,374
Series 2020 C-1, RB	4.00%	05/01/2039		520		517,354
Series 2020, RB	4.00%	05/01/2044		10,000		9,636,970
Series 2021 E-1, RB	4.00%	02/01/2043		1,000		968,579
Series 2022 F-1, RB	5.00%	02/01/2044		2,500		2,704,068
Subseries 2019 S1B, RB	4.00%	07/15/2041		3,335		3,265,100
New York (City of), NY Trust for Cultural Resources (Juilliard School (The));
Series 2018 A, Ref. RB	5.00%	01/01/2033		290		324,221
Series 2018 A, Ref. RB	5.00%	01/01/2034		300		333,572
Series 2018 A, Ref. RB	5.00%	01/01/2037		400		436,194
Series 2018 A, Ref. RB	5.00%	01/01/2038		300		325,982
Series 2018 A, Ref. RB	4.00%	01/01/2039		1,100		1,091,914
New York (City of), NY Trust for Cultural Resources (Wildlife Conservation Society); Series 2013 A, RB(g)(h)	5.00%	08/01/2023		1,000		1,016,427
New York (State of) Dormitory Authority;
Series 2015 A-1, Ref. RB(a)	4.80%	12/01/2023		530		515,876
Series 2016 A, Ref. RB	5.00%	07/01/2036		1,000		1,040,880
Series 2018 A, RB	5.00%	07/01/2048		1,110		1,173,749
Series 2020 A, Ref. RB	4.00%	03/15/2046		935		895,543
Series 2022 A, Ref. RB	4.00%	03/15/2040		880		872,339
New York (State of) Dormitory Authority (Alliance Long Island AGYS, Inc.);
Series 2015 A-2, Ref. RB(a)	5.35%	12/01/2035		5,985		4,665,558
Series 2015 B-1, Ref. RB(a)	6.18%	12/01/2031		1,665		1,381,559
New York (State of) Dormitory Authority (Catholic Health System Obligated Group);
Series 2012 A, RB	4.75%	07/01/2039		1,250		957,327
Series 2012 B, RB	5.00%	07/01/2032		125		106,666
Series 2012 B, RB	4.75%	07/01/2039		300		229,758
New York (State of) Dormitory Authority (Fashion Institute of Technology Student Housing Corp.);
Series 2007, RB (INS - NATL)(f)	5.25%	07/01/2027		6,425		6,673,779
Series 2007, RB (INS - NATL)(f)	5.25%	07/01/2028		3,765		3,917,638
New York (State of) Dormitory Authority (Fordham University);
Series 2014, RB	5.00%	07/01/2030		100		102,599
Series 2016 A, Ref. RB	5.00%	07/01/2041		765		788,391
Series 2020, RB	4.00%	07/01/2050		2,000		1,871,436
New York (State of) Dormitory Authority (Montefiore Obligated Group);
Series 2018 A, Ref. RB	5.00%	08/01/2035		480		475,410
Series 2020 A, Ref. RB	4.00%	09/01/2050		1,200		942,781

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

Invesco Rochester^® AMT-Free New York Municipal Fund

	Interest Rate	Maturity Date	Principal Amount (000)		Value
New York–(continued)
New York (State of) Dormitory Authority (New School (The));
Series 2015, Ref. RB(g)(h)	5.00%	07/01/2025	$	30	$	31,706
Series 2015, Ref. RB	5.00%	07/01/2040		370		375,525
Series 2016 A, Ref. RB	5.00%	07/01/2035		1,855		1,910,291
Series 2016 A, Ref. RB	5.00%	07/01/2036		1,915		1,966,930
Series 2016 A, Ref. RB	5.00%	07/01/2037		1,265		1,293,845
Series 2016 A, Ref. RB	5.00%	07/01/2041		595		604,347
Series 2016 A, Ref. RB	5.00%	07/01/2046		6,650		6,723,544
Series 2022 A, Ref. RB	4.00%	07/01/2052		1,375		1,170,187
New York (State of) Dormitory Authority (New York University);
Series 2016 A, RB	5.00%	07/01/2035		5,000		5,321,014
Series 2019 A, RB	5.00%	07/01/2042		740		800,685
Series 2019 A, RB	5.00%	07/01/2049		5,860		6,279,816
Series 2021 A, Ref. RB	3.00%	07/01/2041		1,215		991,369
Series 2021 A, Ref. RB	5.00%	07/01/2051		1,140		1,230,711
New York (State of) Dormitory Authority (NYU Hospitals Center); Series 2014, Ref. RB	5.00%	07/01/2028		645		661,018
New York (State of) Dormitory Authority (Orange Regional Medical Center);
Series 2017, Ref. RB(a)	5.00%	12/01/2029		600		612,051
Series 2017, Ref. RB(a)	5.00%	12/01/2030		400		408,038
Series 2017, Ref. RB(a)	5.00%	12/01/2032		300		303,188
Series 2017, Ref. RB(a)	5.00%	12/01/2033		300		302,824
Series 2017, Ref. RB(a)	5.00%	12/01/2035		300		300,636
Series 2017, Ref. RB(a)	5.00%	12/01/2036		200		200,958
Series 2017, Ref. RB(a)	5.00%	12/01/2037		200		200,537
New York (State of) Dormitory Authority (Ozanam Hall of Queens Nursing Home, Inc.); Series 2006, RB (LOC - Allied Irish Banks PLC)(i)	5.00%	11/01/2026		265		269,670
New York (State of) Dormitory Authority (Pratt Institute); Series 2016, Ref. RB	5.00%	07/01/2046		500		509,026
New York (State of) Dormitory Authority (Rochester Institute of Technology);
Series 2019 A, RB	4.00%	07/01/2044		1,730		1,624,131
Series 2019 A, RB	5.00%	07/01/2049		800		847,741
New York (State of) Dormitory Authority (Rockefeller University); Series 2022 A, Ref. RB	4.00%	07/01/2042		4,500		4,404,541
New York (State of) Dormitory Authority (Rockefeller University) (Green Bonds); Series 2019 B, RB	5.00%	07/01/2050		5,045		5,356,771
New York (State of) Dormitory Authority (St. John’s University); Series 2015 A, Ref. RB	5.00%	07/01/2034		100		103,321
New York (State of) Dormitory Authority (State University of New York Dormitory Facilities); Series 2019 A, RB	4.00%	07/01/2049		850		799,494
New York (State of) Dormitory Authority (United Cerebral Palsy Association);
Series 2017 A, RB(a)	5.50%	12/01/2047		3,030		2,091,212
Series 2017 A-2, RB(a)	5.38%	09/01/2050		4,800		3,347,763
Series 2017 A-2, Ref. RB (Acquired 10/25/2017; Cost $1,425,000)(a)(c)	5.38%	10/01/2042		1,425		1,084,753
New York (State of) Dormitory Authority (Wagner College); Series 2022, Ref. RB	5.00%	07/01/2047		3,620		3,570,311
New York (State of) Power Authority (Green Bonds); Series 2020 A, Ref. RB	4.00%	11/15/2060		7,050		6,586,599
New York (State of) Power Authority (Green Transmission);
Series 2022, RB (INS - AGM)(f)	4.00%	11/15/2047		2,650		2,557,145
Series 2022, RB (INS - AGM)(f)	4.00%	11/15/2052		5,000		4,744,124
New York (State of) Thruway Authority;
Series 2018 L, Ref. RB	5.00%	01/01/2033		190		206,838
Series 2018 L, Ref. RB	5.00%	01/01/2034		340		368,909
Series 2018 L, Ref. RB	5.00%	01/01/2035		385		414,992
Series 2019 B, RB	4.00%	01/01/2050		10,000		9,235,741
Series 2021 O, Ref. RB	4.00%	01/01/2049		3,025		2,809,017
New York (State of) Thruway Authority (Group 2); Series 2020 N, RB	4.00%	01/01/2045		3,280		3,126,327
New York (State of) Utility Debt Securitization Authority;
Series 2017, RB	5.00%	12/15/2038		8,460		9,166,973
Series 2017, RB	5.00%	12/15/2040		15,000		16,145,067
Series 2022, Ref. RB	5.00%	12/15/2049		1,000		1,113,436
Series 2022, Ref. RB	5.00%	09/15/2052		750		832,737
New York City Health and Hospitals Corp.; Series 2021 A, Ref. RB	4.00%	02/15/2045		500		487,064
New York City Housing Development Corp.; Series 1999 E, RB	6.25%	05/01/2036		5		5,010
New York Counties Tobacco Trust I; Series 2000 A, RB	6.50%	06/01/2035		695		695,313

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

Invesco Rochester^® AMT-Free New York Municipal Fund

	Interest Rate	Maturity Date	Principal Amount (000)		Value
New York–(continued)
New York Counties Tobacco Trust II;
Series 2001, RB	5.63%	06/01/2035	$	690	$	703,753
Series 2001, RB	5.75%	06/01/2043		15		15,299
New York Counties Tobacco Trust IV;
Series 2005 A, RB	5.00%	06/01/2038		845		818,432
Series 2010 A, RB(a)	6.25%	06/01/2041		2,175		2,175,788
New York Counties Tobacco Trust V;
Series 2005 S-3, RB(b)	0.00%	06/01/2055		84,200		5,973,131
Series 2005 S4B, RB(a)(b)	0.00%	06/01/2060		155,400		5,303,351
New York Counties Tobacco Trust VI;
Series 2016 A, Ref. RB	5.63%	06/01/2035		10,600		10,814,598
Series 2016 A, Ref. RB	6.00%	06/01/2043		2,230		2,264,641
Series 2016 A-1, Ref. RB	5.75%	06/01/2043		2,085		2,151,612
Series 2016 A-2, Ref. RB	5.00%	06/01/2051		1,125		1,039,959
New York Liberty Development Corp. (Goldman Sachs Headquarters);
Series 2005, Ref. RB	5.25%	10/01/2035		15,580		17,116,306
Series 2007, RB	5.50%	10/01/2037		5,025		5,626,396
New York Liberty Development Corp. (Green Bonds);
Series 2021 A, Ref. RB	2.75%	11/15/2041		3,845		2,882,387
Series 2021 A, Ref. RB	2.88%	11/15/2046		6,155		4,343,411
New York State Urban Development Corp.; Series 2020 A, RB	4.00%	03/15/2045		3,065		2,917,112
New York Transportation Development Corp. (Terminal 4 JFK International Airport); Series 2020, Ref. RB	5.00%	12/01/2038		1,500		1,546,823
Niagara Area Development Corp. (Catholic Health System, Inc.); Series 2022, RB	5.00%	07/01/2052		450		324,398
Oneida County Local Development Corp. (Mohawk Valley Health System);
Series 2019, Ref. RB (INS - AGM)(f)	4.00%	12/01/2038		180		176,241
Series 2019, Ref. RB (INS - AGM)(f)	4.00%	12/01/2049		580		524,027
Onondaga (County of), NY Industrial Development Agency (Salina Free Library); Series 2002 A, RB	5.50%	12/01/2022		55		55,000
Onondaga (County of), NY Trust for Cultural Resources (Abby Lane Housing Corp.);
Series 2017, Ref. RB	5.00%	05/01/2033		280		287,227
Series 2017, Ref. RB	5.00%	05/01/2034		200		204,437
Series 2017, Ref. RB	5.00%	05/01/2037		250		253,844
Series 2017, Ref. RB	5.00%	05/01/2040		150		151,531
Onondaga (County of), NY Trust for Cultural Resources (Syracuse University);
Series 2019, Ref. RB	5.00%	12/01/2043		4,405		4,788,327
Series 2019, Ref. RB	4.00%	12/01/2047		1,150		1,090,813
Series 2019, Ref. RB	4.00%	12/01/2049		1,500		1,412,205
Onondaga Civic Development Corp.;
Series 2015, Ref. RB	5.00%	10/01/2030		1,060		1,041,753
Series 2015, Ref. RB	5.00%	10/01/2040		2,345		2,123,544
Orange County Funding Corp.; Series 2013, RB	6.50%	01/01/2046		725		584,252
Rockland Tobacco Asset Securitization Corp.;
Series 2001, RB	5.63%	08/15/2035		850		864,038
Series 2001, RB	5.75%	08/15/2043		3,160		3,212,190
Schenectady Metroplex Development Authority; Series 2014 A, RB (INS - AGM)(f)	5.50%	08/01/2033		1,000		1,018,962
St. Johns (County of), FL Industrial Development Authority (St. Lawrence University);
Series 2022, Ref. RB	5.25%	07/01/2039		400		441,594
Series 2022, Ref. RB	5.25%	07/01/2040		265		291,057
St. Lawrence (County of), NY Industrial Development Agency (St. Lawrence University);
Series 2012, RB	5.00%	07/01/2030		225		225,461
Series 2012, RB	5.00%	07/01/2031		230		230,472
Series 2012, RB	5.00%	07/01/2032		815		816,671
Suffolk County Economic Development Corp.; Series 2010 A, RB	7.38%	12/01/2040		255		228,149
Sullivan (County of), NY (Adelaar Infratructure);
Series 2016 A-2, RB(a)	5.35%	11/01/2049		8,220		7,303,612
Series 2016 B-2, RB(a)	5.35%	11/01/2049		1,175		1,044,008
Series 2016 C-2, RB(a)	5.35%	11/01/2049		1,160		1,030,680
Series 2016 D-2, RB(a)	5.35%	11/01/2049		760		675,273

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

Invesco Rochester^® AMT-Free New York Municipal Fund

	Interest Rate	Maturity Date	Principal Amount (000)		Value
New York–(continued)
Tompkins County Development Corp. (Tompkins Cortland Community College Foundation, Inc.);
Series 2013 A, RB(d)	5.00%	07/01/2032	$	330	$	163,350
Series 2013 A, RB(d)	5.00%	07/01/2038		2,785		1,378,575
Triborough Bridge & Tunnel Authority;
Series 2012 B, Ref. RB	5.00%	11/15/2030		400		400,819
Series 2013 A, Ref. RB	5.00%	11/15/2029		300		303,013
Series 2016 A, Ref. RB	5.00%	11/15/2046		1,260		1,300,341
Series 2017 A, RB	5.00%	11/15/2038		300		317,255
Series 2017 A, RB	5.00%	11/15/2047		1,000		1,040,884
Series 2017 B, Ref. RB	5.00%	11/15/2032		875		950,724
Series 2017 B, Ref. RB	5.00%	11/15/2033		900		972,855
Series 2017 B, Ref. RB	5.00%	11/15/2034		575		618,867
Series 2017 B, Ref. RB	5.00%	11/15/2037		2,500		2,654,112
Series 2017 B, Ref. RB	5.00%	11/15/2038		1,900		2,009,279
Series 2021 A-1, Ref. RB	4.00%	05/15/2046		1,950		1,878,618
Series 2022 D-2, RB	5.25%	05/15/2047		9,625		10,672,817
Series 2022 D-2, RB	5.50%	05/15/2052		800		910,003
Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels);
Series 2019 A, RB	5.00%	11/15/2049		2,200		2,325,223
Series 2019 C, RB	4.00%	11/15/2042		3,500		3,443,541
Series 2019 C, RB	4.00%	11/15/2043		3,500		3,420,754
Series 2020 A, RB	5.00%	11/15/2054		2,900		3,054,317
Series 2021 A, RB	5.00%	11/15/2056		700		738,695
Series 2022 A, Ref. RB	4.00%	05/15/2051		13,085		12,403,805
Triborough Bridge & Tunnel Authority Sales Tax Revenue; Series 2022, RB(e)	5.25%	05/15/2057		10,000		10,987,212
TSASC, Inc.;
Series 2016 B, Ref. RB	5.00%	06/01/2045		8,000		7,536,470
Series 2017 A, Ref. RB	5.00%	06/01/2030		3,275		3,390,851
Series 2017 A, Ref. RB	5.00%	06/01/2034		5,000		5,133,529
Series 2017 A, Ref. RB	5.00%	06/01/2035		3,000		3,072,334
Series 2017 A, Ref. RB	5.00%	06/01/2036		3,000		3,066,853
Westchester County Healthcare Corp.;
Series 2010 B, RB	6.13%	11/01/2037		325		325,862
Series 2014 A, RB	5.00%	11/01/2044		2,247		2,256,165
Westchester County Local Development Corp. (Kendal on Hudson); Series 2022, Ref. RB	4.25%	01/01/2045		835		711,801
Westchester County Local Development Corp. (Wartburg Senior Housing); Series 2015 A, Ref. RB(a)	5.00%	06/01/2030		500		462,193
Westchester County Local Development Corp. (Westchester Medical Center Obligated Group);
Series 2016, Ref. RB	5.00%	11/01/2029		1,000		1,021,126
Series 2016, Ref. RB	5.00%	11/01/2032		1,500		1,527,938
Westchester Tobacco Asset Securitization Corp.; Series 2016 C, Ref. RB	5.00%	06/01/2045		7,050		7,059,225
Western Regional Off-Track Betting Corp.; Series 2021, Ref. RB(a)	4.13%	12/01/2041		715		541,519
Yonkers Economic Development Corp. (Charter School Education Excellence);
Series 2019 A, RB	5.00%	10/15/2039		420		389,237
Series 2019 A, RB	5.00%	10/15/2049		640		570,676
						689,594,726
Puerto Rico–6.98%
Children’s Trust Fund;
Series 2002, RB	5.38%	05/15/2033		15		15,005
Series 2002, RB	5.50%	05/15/2039		3,455		3,446,373
Series 2002, RB	5.63%	05/15/2043		9,700		9,702,609
Series 2005 A, RB(b)	0.00%	05/15/2050		6,300		1,091,809
PRIFA Custodial Trust;
Series 2005 A, RB	0.00%	03/15/2049		623		474,018
Series 2022, RB	0.00%	03/15/2049		4,229		1,540,766

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

Invesco Rochester^® AMT-Free New York Municipal Fund

	Interest Rate	Maturity Date	Principal Amount (000)		Value
Puerto Rico–(continued)
Puerto Rico (Commonwealth of);
Series 2021 A, GO Bonds(b)	0.00%	07/01/2024	$	123	$	113,009
Series 2021 A, GO Bonds(b)	0.00%	07/01/2033		473		259,814
Series 2021 A-1, GO Bonds	5.25%	07/01/2023		205		206,280
Series 2021 A-1, GO Bonds	5.38%	07/01/2025		410		415,535
Series 2021 A-1, GO Bonds	5.63%	07/01/2027		406		415,747
Series 2021 A-1, GO Bonds	5.63%	07/01/2029		399		409,334
Series 2021 A-1, GO Bonds	5.75%	07/01/2031		388		398,407
Series 2021 A-1, GO Bonds	4.00%	07/01/2033		768		669,011
Series 2021 A-1, GO Bonds	4.00%	07/01/2035		331		281,939
Series 2021 A-1, GO Bonds	4.00%	07/01/2037		284		237,143
Series 2021 A-1, GO Bonds	4.00%	07/01/2041		386		310,062
Series 2021 A-1, GO Bonds	4.00%	07/01/2046		0		3
Series 2022, RB	0.00%	11/01/2051		4,424		1,979,771
Series 2022, RB	0.00%	11/01/2051		230		221,542
Series 2022, RB	0.00%	11/01/2051		267		35,118
Subseries 2022, RN	0.00%	11/01/2043		2,029		925,606
Puerto Rico (Commonwealth of) Aqueduct & Sewer Authority; Series 2008 A, RB	6.13%	07/01/2024		3,115		3,177,789
Puerto Rico (Commonwealth of) Electric Power Authority; Series 2005 RR, RB (Acquired 05/29/2013; Cost $1,000,000) (INS - SGI)(c)(f)	5.00%	07/01/2027		1,000		1,003,804
Puerto Rico (Commonwealth of) Highway & Transportation Authority;
Series 1998 A, RB(d)	5.00%	07/01/2038		5		1,013
Series 2003 AA-2, Ref. RB(d)	5.30%	07/02/2035		1,000		700,000
Series 2003, RB(d)(j)	5.00%	07/03/2028		355		4
Series 2005 K, RB(d)	5.00%	07/01/2030		7,405		1,499,513
Series 2007 CC, Ref. RB(d)	5.50%	07/01/2030		2,150		1,505,000
Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Pollution Control Facilities Financing Authority;
Series 2012, Ref. RB	5.00%	10/01/2031		100		100,134
Series 2012, Ref. RB	5.00%	10/01/2042		150		150,339
Puerto Rico Public Finance Corp.; Series 2011 B, RB (Acquired 12/08/2011; Cost $4,055,000)(c)(d)	5.50%	08/01/2031		4,055		152,066
Puerto Rico Sales Tax Financing Corp.;
Series 2018 A-1, RB	4.50%	07/01/2034		475		448,420
Series 2018 A-1, RB	4.55%	07/01/2040		199		185,335
Series 2018 A-1, RB(b)	0.00%	07/01/2046		9,897		2,494,292
Series 2018 A-1, RB	4.75%	07/01/2053		1,455		1,329,440
Series 2018 A-1, RB	5.00%	07/01/2058		6,182		5,865,548
Series 2019 A-2, RB	4.54%	07/01/2053		71		61,946
Series 2019 A-2, RB	4.78%	07/01/2058		953		871,144
Series 2019 A-2B, RB	4.55%	07/01/2040		1,898		1,767,665
University of Puerto Rico;
Series 2006 Q, RB	5.00%	06/01/2025		1,000		983,306
Series 2006 Q, RB	5.00%	06/01/2030		3,000		2,882,100
						48,327,759
Total Municipal Obligations (Cost $798,787,717)						737,922,485
			Shares
Common Stocks & Other Equity Interests–0.02%
New York–0.02%
CMS Liquidating Trust;
(Cost $3,170,389)(j)(k)				3,100		155,000
TOTAL INVESTMENTS IN SECURITIES(l)–106.55% (Cost $801,958,106)						738,077,485
FLOATING RATE NOTE OBLIGATIONS–(4.97)%
Notes with interest and fee rates ranging from 2.45% to 2.46% at 11/30/2022 and contractual maturities of collateral ranging from 02/15/2042 to 11/15/2057(m)						(34,420,000	)
BORROWINGS–(2.57)%						(17,800,000	)
OTHER ASSETS LESS LIABILITIES–0.99%						6,829,165
NET ASSETS–100.00%					$	692,686,650

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

Invesco Rochester^® AMT-Free New York Municipal Fund

Investment Abbreviations:

AGM	– Assured Guaranty Municipal Corp.
Ctfs.	– Certificates
GO	– General Obligation
INS	– Insurer
LOC	– Letter of Credit
NATL	– National Public Finance Guarantee Corp.
RB	– Revenue Bonds
Ref.	– Refunding
RN	– Revenue Notes
SGI	– Syncora Guarantee, Inc.

Notes to Schedule of Investments:

^(a)  Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2022 was $48,805,254, which represented 7.05% of the Fund’s Net Assets.

^(b)  Zero coupon bond issued at a discount.

^(c)  Restricted security. The aggregate value of these securities at November 30, 2022 was $5,932,580, which represented less than 1% of the Fund’s Net Assets.

^(d)  Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at November 30, 2022 was $9,149,521, which represented 1.32% of the Fund’s Net Assets.

^(e)  Underlying security related to TOB Trusts entered into by the Fund.

^(f)  Principal and/or interest payments are secured by the bond insurance company listed.

^(g)  Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral.

^(h)  Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put.

⁽ⁱ⁾  Principal and interest payments are fully enhanced by a letter of credit from the bank listed or a predecessor bank, branch or subsidiary.

^(j)  Security valued using significant unobservable inputs (Level 3). See Note 1.

^(k)  Non-income producing security.

^(l)  Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s obligation but may be called upon to satisfy issuer’s obligations. No concentration of any single entity was greater than 5% each.

^(m)  Floating rate note obligations related to securities held. The interest and fee rates shown reflect the rates in effect at November 30, 2022. At November 30, 2022, the Fund’s investments with a value of $54,997,777 are held by TOB Trusts and serve as collateral for the $34,420,000 in the floating rate note obligations outstanding at that date.

The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.

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

Invesco Rochester^® AMT-Free New York Municipal Fund

Notes to Quarterly Schedule of Portfolio Holdings

November 30, 2022

(Unaudited)

NOTE 1–Additional Valuation Information

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

Level 1	-	Prices are determined using quoted prices in an active market for identical assets.
Level 2	-	Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3	-	Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.’s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

The following is a summary of the tiered valuation input levels, as of November 30, 2022. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

	Level 1		Level 2		Level 3		Total
Investments in Securities
Municipal Obligations		$–		$737,922,481		$           4		$737,922,485
Common Stocks & Other Equity Interests		–		–		155,000		155,000
Total Investments		$–		$737,922,481		$155,004		$738,077,485

Invesco Rochester^® AMT-Free New York Municipal Fund