Aim Tax Exempt Funds NPORT-P Invesco Intermediate Term Municipal Income Fund (Nov 2023 report)

Schedule of Investments

November 30, 2023

(Unaudited)

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Municipal Obligations–99.69%
Alabama–1.51%
Alabama (State of) Port Authority; Series 2017 A, Ref. RB (INS - AGM)(a)(b)		5.00%		10/01/2033	$	3,500	$	3,575,398
Alabaster (City of), AL Board of Education; Series 2014 A, Revenue Wts. (INS - AGM)(b)		5.00%		09/01/2025		1,500		1,519,312
Birmingham (City of) & Jefferson (County of), AL Civic Center Authority; Series 2018 B, RB		5.00%		07/01/2035		2,345		2,476,297
Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging);
Series 2016, RB		5.25%		06/01/2025		40		39,416
Series 2016, RB		5.50%		06/01/2030		2,000		1,896,438
Black Belt Energy Gas District (The);
Series 2023 A, RB(c)		5.25%		10/01/2030		5,000		5,242,416
Series 2023 B, RB(c)		5.25%		12/01/2030		3,000		3,183,857
Lee (County of), AL Public Building Authority (DHR Building); Series 2006, Revenue Wts. (INS - SGI)(b)		4.38%		09/01/2025		10		10,007
Lower Alabama Gas District (The); Series 2016 A, RB		5.00%		09/01/2034		5,000		5,264,178
Selma (City of), AL Industrial Development Board (International Paper Co.); Series 2019, Ref. RB(c)		2.00%		10/01/2024		1,500		1,468,858
Southeast Energy Authority A Cooperative District (No. 3); Series 2022 A-1, RB(c)		5.50%		12/01/2029		2,000		2,119,450
Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining); Series 2019 A, Ref. IDR(d)		4.50%		05/01/2032		2,720		2,571,537
								29,367,164
Arizona–2.50%
Arizona (State of) Health Facilities Authority (Scottsdale Lincoln Hospital); Series 2014, Ref. RB		5.00%		12/01/2032		3,400		3,434,846
Arizona (State of) Industrial Development Authority; Series 2019-2A, Revenue Ctfs.		3.63%		05/20/2033		3,011		2,777,258
Arizona (State of) Industrial Development Authority (Academies of Math & Science);
Series 2018 B, RB(d)		5.63%		07/01/2048		2,000		1,941,622
Series 2019, RB(d)		5.00%		07/01/2039		1,000		948,096
Arizona (State of) Industrial Development Authority (Basis Schools); Series 2017 D, Ref. RB(d)		5.00%		07/01/2037		630		611,844
Arizona (State of) Industrial Development Authority (Pinecrest Academy of Nevada-Horizon, Inspirada and St. Rose Campus Projects); Series 2018 A, RB(d)		5.75%		07/15/2038		1,810		1,837,895
Chandler (City of), AZ Industrial Development Authority (Intel Corp.); Series 2007, RB(a)(c)		4.10%		06/15/2028		7,500		7,550,395
Glendale (City of), AZ; Series 2015, Ref. RB (INS - AGM)(b)		5.00%		07/01/2029		1,000		1,026,743
Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus); Series 2017, Ref. RB		5.00%		11/15/2028		2,105		2,028,148
La Paz (County of), AZ Industrial Development Authority (Charter School Solutions- Harmony Public Schools); Series 2018 A, RB		5.00%		02/15/2038		1,200		1,202,003
Maricopa (County of), AZ Industrial Development Authority (Commercial Metals Co.); Series 2022, RB(a)(d)		4.00%		10/15/2047		2,000		1,681,168
Maricopa (County of), AZ Industrial Development Authority (GreatHearts Arizona); Series 2017 C, RB (CEP - Ohio School District)		5.00%		07/01/2037		315		322,926
Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools); Series 2021, RB(d)		4.00%		07/01/2041		1,275		1,065,035
Maricopa County Pollution Control Corp. (Southern California Edison); Series 2000, Ref. RB		2.40%		06/01/2035		4,000		3,054,252
Navajo (Nation of); Series 2015 A, Ref. RB(d)		5.50%		12/01/2030		725		740,888
Northern Arizona University; Series 2015, Ref. RB (INS - BAM)(b)		5.00%		06/01/2032		250		254,877
Peoria (City of), AZ Industrial Development Authority (Sierra Winds Life Care Community);
Series 2014, Ref. RB (Acquired 11/06/2014; Cost $ 1,272,754)(e)(f)		5.00%		11/15/2024		1,270		1,179,711
Series 2014, Ref. RB (Acquired 11/06/2014; Cost $ 2,105,000)(e)(f)		5.25%		11/15/2029		2,105		1,752,979
Phoenix (City of), AZ Industrial Development Authority (Great Hearts Academies); Series 2016, Ref. RB		5.00%		07/01/2036		1,000		1,003,953
Phoenix (City of), AZ Industrial Development Authority (Legacy Traditional Schools); Series 2014 A, RB(d)		5.75%		07/01/2024		225		226,214
Pima (County of), AZ Industrial Development Authority (American Leadership Academy);
Series 2015, Ref. RB(d)		5.38%		06/15/2035		1,360		1,368,195
Series 2021, RB(d)		4.00%		06/15/2041		740		605,971
Pima (County of), AZ Industrial Development Authority (Desert Heights Charter School); Series 2014, Ref. RB		6.00%		05/01/2024		90		90,500
Pima (County of), AZ Industrial Development Authority (Excalibur Charter School (The)); Series 2016, Ref. RB(d)		5.00%		09/01/2026		25		24,778

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Arizona–(continued)
Pima (County of), AZ Industrial Development Authority (Grande Innovations Academy); Series 2018, RB(d)		5.00%		07/01/2033	$	2,245	$	2,141,311
Salt River Project Agricultural Improvement & Power District; Series 2016 A, Ref. RB		5.00%		01/01/2034		5,500		5,825,249
Tempe (City of), AZ Industrial Development Authority (Mirabella at ASU); Series 2017 A, RB(d)		5.50%		10/01/2027		1,245		1,041,407
University of Arizona Board of Regents (Arizona Biomedical Research Collaborative Building); Series 2006, COP (INS - AMBAC)(b)		4.50%		06/01/2031		20		20,014
Westpark Community Facility District; Series 2016, Ref. GO Bonds		5.00%		07/15/2032		2,000		2,034,213
Yuma (City of), AZ Industrial Development Authority (Regional Medical Center); Series 2014 A, RB		5.00%		08/01/2025		1,000		1,009,536
								48,802,027
Arkansas–0.20%
Arkansas (State of) Development Finance Authority (U.S. Steel Corp.) (Green Bonds); Series 2023, RB(a)		5.70%		05/01/2053		2,500		2,504,337
Pulaski (County of), AR Public Facilities Board; Series 2014, RB		5.00%		12/01/2028		1,345		1,364,738
								3,869,075
California–8.23%
Adelanto Public Utility Authority (Utility System);
Series 2017 A, Ref. RB (INS - AGM)(b)		5.00%		07/01/2027		175		188,910
Series 2017 A, Ref. RB (INS - AGM)(b)		5.00%		07/01/2028		315		339,879
Series 2017 A, Ref. RB (INS - AGM)(b)		5.00%		07/01/2029		300		323,663
Series 2017 A, Ref. RB (INS - AGM)(b)		5.00%		07/01/2030		325		349,880
Series 2017 A, Ref. RB (INS - AGM)(b)		5.00%		07/01/2031		310		333,617
Series 2017 A, Ref. RB (INS - AGM)(b)		5.00%		07/01/2032		310		333,133
Atwater (City of), CA; Series 2017 A, Ref. RB (INS - AGM)(b)		5.00%		05/01/2033		100		106,675
California (State of);
Series 2020, Ref. GO Bonds		4.00%		03/01/2036		9,385		9,815,439
Series 2022, GO Bonds		5.00%		09/01/2039		3,000		3,404,827
California (State of) Community Choice Financing Authority; Series 2023, RB(c)		5.25%		04/01/2030		1,275		1,306,365
California (State of) Community Choice Financing Authority (Green Bonds); Series 2023 C, RB(c)		5.25%		10/01/2031		3,250		3,351,031
California (State of) County Tobacco Securitization Agency;
Series 2014, Ref. RB		4.00%		06/01/2029		205		205,181
Series 2020 A, Ref. RB		5.00%		06/01/2032		385		415,213
Series 2020 A, Ref. RB		5.00%		06/01/2033		900		969,616
California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.); Series 2002, RB		6.00%		06/01/2042		2,250		2,284,419
California (State of) Enterprise Development Authority (Academy for Academic Excellence); Series 2020 A, RB(d)		5.00%		07/01/2040		1,000		962,869
California (State of) Health Facilities Financing Authority (Providence Health & Services); Series 2014 B, RB		5.00%		10/01/2044		10,000		10,045,935
California (State of) Housing Finance Agency;
Series 2019 A, RB		4.25%		01/15/2035		1,870		1,841,037
Series 2019 A-2, RB		4.00%		03/20/2033		12,454		12,388,514
California (State of) Housing Finance Agency (Social Certificates); Series 2023-1, RB		4.38%		09/20/2036		4,984		4,822,160
California (State of) Municipal Finance Authority (American Heritage Education Foundation); Series 2016 A, Ref. RB		5.00%		06/01/2046		875		845,816
California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing); Series 2018, RB		5.00%		05/15/2035		5,000		5,211,908
California (State of) Municipal Finance Authority (Emerson College); Series 2011, RB		5.00%		01/01/2028		270		270,374
California (State of) Municipal Finance Authority (Harbor Regional Center); Series 2015, Ref. RB		5.00%		11/01/2032		1,000		1,033,187
California (State of) Municipal Finance Authority (Mt. San Antonio Gardens); Series 2022, RB		2.75%		11/15/2027		525		508,710
California (State of) Pollution Control Financing Authority; Series 2012, RB(a)(d)		5.00%		07/01/2027		4,790		4,794,046
California (State of) Public Finance Authority (Enso Village) (Green Bonds);
Series 2021 B-3, RB(d)		2.13%		11/15/2027		2,140		2,039,988
Series 2021, RB(d)		2.38%		11/15/2028		1,050		989,893
Series 2021, RB(d)		3.13%		05/15/2029		4,140		3,837,292
Series 2021, RB(d)		5.00%		11/15/2036		1,160		1,108,815
California (State of) Public Finance Authority (Henry Mayo Newhall Hospital);
Series 2017, Ref. RB		5.00%		10/15/2031		1,070		1,096,304
Series 2017, Ref. RB		5.00%		10/15/2033		1,000		1,022,921

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
California–(continued)
California (State of) School Finance Authority (KIPP LA); Series 2014 A, RB(d)		4.13%		07/01/2024	$	138	$	138,049
California (State of) Statewide Communities Development Authority (California Baptist University); Series 2017 A, Ref. RB(d)		5.00%		11/01/2032		1,135		1,148,191
California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center);
Series 2014, RB		5.25%		12/01/2029		4,300		4,359,572
Series 2016 A, RB(d)		5.00%		12/01/2046		3,600		3,535,084
Series 2018 A, RB(d)		5.25%		12/01/2038		1,000		1,016,212
California (State of) Statewide Communities Development Authority (Southern California Edison Company); Series 2006 D, Ref. RB		4.50%		11/01/2033		2,730		2,883,729
California (State of) Statewide Communities Development Authority (University of California - Irvine East Campus Apartments - CHF-Irvine, LLC); Series 2016, Ref. RB		5.00%		05/15/2032		1,250		1,274,454
Chula Vista (City of), CA Municipal Financing Authority; Series 2015 B, Ref. RB		5.00%		09/01/2026		1,500		1,555,241
East Side Union High School District; Series 2013, Ref. GO Bonds		5.00%		08/01/2029		6,000		6,019,617
El Centro (City of), CA Financing Authority (El Centro California Redevelopment); Series 2011, RB		6.63%		11/01/2025		50		50,264
El Dorado (County of), CA (Community Facilities District No. 1992-1 - El Dorado Hills Development); Series 2012, Ref. RB		5.00%		09/01/2024		495		495,695
Golden State Tobacco Securitization Corp.; Series 2005 A, RB(g)(h)		0.00%		06/01/2028		55		48,569
Indio (City of), CA Community Facilities District No. 2004-3 (Improvement Area No. 1); Series 2015, Ref. RB		5.00%		09/01/2035		910		926,591
Inglewood Unified School District; Series 2019 C, GO Bonds (INS - BAM)(b)		4.00%		08/01/2039		1,000		1,005,744
Jurupa Unified School District; Series 2017 B, GO Bonds		4.00%		08/01/2041		6,085		6,142,715
Lake Elsinore Public Financing Authority; Series 2015, Ref. RB		5.00%		09/01/2028		2,115		2,166,801
Lancaster (City of), CA Redevelopment Agency Successor Agency (Redevelopment Areas); Series 2017, Ref. RB (INS - AGM)(b)		4.00%		08/01/2039		3,400		3,415,277
Los Angeles (City of), CA Department of Airports; Series 2020 C, RB(a)		5.00%		05/15/2039		1,160		1,218,850
Los Angeles (City of), CA Department of Airports (Los Angeles International Airport);
Series 2018 A, RB(a)		5.00%		05/15/2044		7,005		7,179,796
Series 2018 B, Ref. RB(a)		5.00%		05/15/2029		2,000		2,126,743
Series 2018 D, Ref. RB(a)		5.00%		05/15/2030		3,000		3,224,555
Los Angeles Unified School District; Series 2020 RYQ, GO Bonds		4.00%		07/01/2036		5,000		5,219,052
Modesto (City of), CA Irrigation District; Series 2015 B, Ref. RB		5.00%		10/01/2028		1,595		1,657,956
Northern California Tobacco Securitization Authority;
Series 2021 A, Ref. RB		4.00%		06/01/2049		3,390		3,030,308
Series 2021 B-1, Ref. RB		4.00%		06/01/2049		2,820		2,840,025
Oakland Unified School District (County of Alameda); Series 2015 A, GO Bonds		5.00%		08/01/2028		1,000		1,033,740
Oroville (City of), CA (Oroville Hospital); Series 2019, RB		5.25%		04/01/2034		2,000		1,213,914
Palomar Health; Series 2016, Ref. RB		5.00%		11/01/2031		500		509,994
Redwood City (City of), CA (Redwood Shores Community Facilities District No. 99-1 - Shores Transportation Improvement); Series 2012, Ref. RB		5.00%		09/01/2026		495		495,453
Riverside (City of), CA (Riverwalk Assessment District); Series 2011, Ref. RB		5.25%		09/02/2026		400		401,772
Riverside (County of), CA Community Facilities District No. 04-2 (Lake Hills Crest); Series 2012, Ref. RB		5.00%		09/01/2028		500		501,921
Riverside (County of), CA Public Financing Authority (Desert Communities and Interstate 215 Corridor - Project Area No. 1); Series 2015 A, RB (INS - AGM)(b)		5.00%		10/01/2029		1,375		1,422,620
Roseville Joint Union High School District; Series 2018, GO Bonds (INS - BAM)(b)(h)		0.00%		08/01/2043		1,360		566,121
San Diego (City of), CA Community Facilities District No. 3; Series 2013, Ref. RB		5.00%		09/01/2024		520		520,460
San Diego (County of), CA Regional Airport Authority;
Series 2021 B, RB(a)		4.00%		07/01/2040		3,000		2,927,108
Series 2023 B, RB(a)		5.00%		07/01/2030		2,000		2,179,560
San Francisco (City & County of), CA Airport Commission (San Francisco International Airport);
Series 2019 A, Ref. RB(a)		5.00%		01/01/2033		1,000		1,066,912
Series 2019 A, Ref. RB(a)		5.00%		01/01/2034		1,335		1,423,041
San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency Community Facilities District No. 6 (Mission Bay South Public Improvements);
Series 2013 A, Ref. RB(c)(g)		5.00%		02/28/2024		750		753,263
Series 2013 B, RB(c)(g)		5.00%		02/28/2024		405		406,762
San Luis Obispo (County of), CA Financing Authority (Lopez Dam Improvement); Series 2011 A, Ref. RB (INS - AGM)(b)		5.50%		08/01/2026		2,460		2,464,331

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
California–(continued)
South Tahoe Joint Powers Financing Authority (South Tahoe Redevelopment Project Area No. 1); Series 2015 A, Ref. RB (INS - NATL)(b)		5.00%		10/01/2028	$	2,080	$	2,131,137
William S. Hart Union High School District (Community Facilities District No. 2005-1); Series 2015, Ref. RB		5.00%		09/01/2032		1,045		1,062,016
								160,306,832
Colorado–2.33%
Arkansas River Power Authority; Series 2018 A, Ref. RB		5.00%		10/01/2032		2,645		2,739,519
Aurora Crossroads Metropolitan District No. 2; Series 2020 A, GO Bonds		5.00%		12/01/2040		1,480		1,372,740
BNC Metropolitan District No. 1; Series 2017 A, Ref. GO Bonds (INS - BAM)(b)		5.00%		12/01/2032		360		384,039
Brighton Crossing Metropolitan District No. 4; Series 2017 A, GO Bonds		5.00%		12/01/2037		1,050		1,024,005
Broadway Park North Metropolitan District No. 2; Series 2020, GO Bonds(d)		5.00%		12/01/2040		1,325		1,245,484
Centerra Metropolitan District No. 1 (In the City of Loveland); Series 2017, RB(d)		5.00%		12/01/2029		3,667		3,631,493
Clear Creek Transit Metropolitan District No. 2; Series 2021 A, GO Bonds		4.00%		12/01/2031		525		471,470
Colorado (State of) Health Facilities Authority (Aberdeen Ridge); Series 2021 B, RB		2.63%		05/15/2029		1,125		1,014,443
Colorado (State of) Health Facilities Authority (Children’s Hospital); Series 2013 A, RB		5.00%		12/01/2036		200		200,118
Colorado (State of) Health Facilities Authority (Christian Living Neighborhoods); Series 2016, Ref. RB		5.00%		01/01/2031		2,475		2,434,422
Colorado (State of) Health Facilities Authority (CommonSpirit Health); Series 2019 A, Ref. RB		4.00%		08/01/2037		4,730		4,624,830
Colorado (State of) Health Facilities Authority (Sunny Vista Living Center);
Series 2015 A, Ref. RB(d)		5.00%		12/01/2025		235		217,505
Series 2015 A, Ref. RB(d)		5.50%		12/01/2030		750		604,554
Colorado (State of) High Performance Transportation Enterprise; Series 2014, RB(a)		5.75%		01/01/2044		1,110		1,111,441
Dacono Urban Renewal Authority; Series 2020, RB		6.25%		12/01/2039		656		656,000
Denver (City & County of), CO;
Series 2018 A, Ref. RB(a)		5.00%		12/01/2028		1,510		1,615,678
Series 2018 A, Ref. RB(a)		5.00%		12/01/2030		1,000		1,091,210
Series 2018 A-2, RB(h)		0.00%		08/01/2030		800		613,267
Series 2018 A-2, RB(h)		0.00%		08/01/2031		1,000		733,020
Series 2022 A, RB(a)		5.00%		11/15/2034		8,750		9,710,252
Series 2022 D, Ref. RB(a)		5.50%		11/15/2032		2,250		2,612,774
Denver (City & County of), CO Health & Hospital Authority; Series 2019 A, Ref. RB		4.00%		12/01/2038		2,500		2,271,987
Evan’s Place Metropolitan District; Series 2020 A, GO Bonds		5.00%		12/01/2040		1,050		983,695
Interquest South Business Improvement District; Series 2017, GO Bonds		4.50%		12/01/2030		125		117,410
Jefferson (County of), CO Center Metropolitan District No. 1; Series 2020 A-2, RB		4.13%		12/01/2040		575		489,560
Pueblo Urban Renewal Authority (Evraz); Series 2021 B, RB(d)(h)		0.00%		12/01/2025		250		201,813
Transport Metropolitan District No. 3; Series 2021 A-1, GO Bonds		4.13%		12/01/2031		805		708,403
Vauxmont Metropolitan District;
Series 2019, Ref. GO Bonds (INS - AGM)(b)		5.00%		12/15/2031		135		141,417
Series 2019, Ref. GO Bonds (INS - AGM)(b)		5.00%		12/15/2032		160		167,589
Series 2020, Ref. GO Bonds (INS - AGM)(b)		5.00%		12/01/2031		230		252,780
Series 2020, Ref. GO Bonds (INS - AGM)(b)		5.00%		12/01/2032		250		274,564
Series 2020, Ref. GO Bonds (INS - AGM)(b)		5.00%		12/01/2033		255		279,649
Series 2020, Ref. GO Bonds (INS - AGM)(b)		5.00%		12/01/2034		285		311,649
Series 2020, Ref. GO Bonds (INS - AGM)(b)		5.00%		12/01/2035		100		108,748
Windler Public Improvement Authority; Series 2021 A-1, RB		4.00%		12/01/2031		1,065		891,617
								45,309,145
Connecticut–1.21%
Connecticut (State of);
Series 2018 C, GO Bonds		5.00%		06/15/2027		3,000		3,230,100
Series 2019 A, GO Bonds		5.00%		04/15/2034		4,150		4,566,810
Connecticut (State of) (Transportation Infrastructure); Series 2018, RB		5.00%		01/01/2030		3,500		3,782,754
Connecticut (State of) Health & Educational Facilities Authority;
Series 2020 G-1, Ref. RB(d)		5.00%		07/01/2030		285		285,936
Series 2020 G-1, Ref. RB(d)		5.00%		07/01/2031		540		540,092
Series 2020 G-1, Ref. RB(d)		5.00%		07/01/2033		600		598,804
Hamden (Town of), CT (Whitney Center);
Series 2019, Ref. RB		5.00%		01/01/2030		2,355		2,246,829
Series 2019, Ref. RB		5.00%		01/01/2040		6,190		5,361,087

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Connecticut–(continued)
University of Connecticut; Series 2016 A, RB		5.00%		03/15/2032	$	2,940	$	3,058,977
								23,671,389
District of Columbia–1.22%
District of Columbia (Provident Group - Howard Properties LLC); Series 2013, RB		5.00%		10/01/2030		2,550		2,528,038
Metropolitan Washington Airports Authority;
Series 2016 A, Ref. RB(a)		5.00%		10/01/2034		2,215		2,249,740
Series 2019 A, Ref. RB(a)		5.00%		10/01/2032		1,435		1,542,518
Series 2019 A, Ref. RB(a)		5.00%		10/01/2039		3,775		3,930,146
Series 2019 A, Ref. RB(a)		5.00%		10/01/2040		1,635		1,697,180
Series 2021 A, Ref. RB(a)		5.00%		10/01/2033		6,000		6,606,620
Metropolitan Washington Airports Authority (Dulles Metrorail and Capital Improvement);
Series 2010 A, RB(h)		0.00%		10/01/2037		10,000		5,183,319
Series 2010 A, RB (INS - AGM)(b)(h)		0.00%		10/01/2037		40		21,119
								23,758,680
Florida–7.19%
Alachua (County of), FL Health Facilities Authority (Shands Teaching Hospital & Clinics, Inc.);
Series 2014 A, RB		5.00%		12/01/2044		6,720		6,736,319
Series 2019, Ref. RB		5.00%		12/01/2037		2,570		2,674,581
Atlantic Beach (City of), FL (Fleet Landing); Series 2018 A, RB		5.00%		11/15/2038		1,100		1,034,790
Broward (County of), FL (Convention Center Expansion); Series 2021, RB		4.00%		09/01/2037		13,000		13,061,711
Capital Trust Agency, Inc. (Franklin Academy);
Series 2020, RB(d)		5.00%		12/15/2035		1,085		1,031,268
Series 2020, RB(d)		5.00%		12/15/2040		4,860		4,336,625
Capital Trust Agency, Inc. (H-Bay Ministries, Inc.- Superior Residences); Series 2018 B, RB(e)		4.50%		07/01/2038		500		15,000
Capital Trust Agency, Inc. (Sarasota-Manatee Jewish Housing Council, Inc.); Series 2017, Ref. RB(d)		5.00%		07/01/2032		2,645		2,325,188
Capital Trust Agency, Inc. (Viera Charter Schools, Inc.); Series 2017 A, RB(d)		5.00%		10/15/2037		510		490,236
Collier (County of), FL Industrial Development Authority (The Arlington of Naples); Series 2014 A, RB(d)(e)		7.25%		05/15/2026		906		28,993
Florida (State of) Higher Educational Facilities Financial Authority (Florida Institute of Technology); Series 2019, RB		5.00%		10/01/2032		2,590		2,699,563
Florida (State of) North Broward Hospital District; Series 2017 B, Ref. RB		5.00%		01/01/2034		5,000		5,221,087
Florida Development Finance Corp. (Green Bonds); Series 2019 B, RB(a)(d)		7.38%		01/01/2049		10,000		10,043,665
Florida Development Finance Corp. (Renaissance Charter School, Inc.);
Series 2015, RB(d)		6.00%		06/15/2035		1,265		1,271,008
Series 2020 C, Ref. RB(d)		4.00%		09/15/2030		470		430,260
Florida Housing Finance Corp.; Series 2015 A, RB (CEP - GNMA)		3.65%		07/01/2041		80		75,927
Greater Orlando Aviation Authority;
Series 2019 A, RB(a)		5.00%		10/01/2031		4,000		4,307,104
Series 2019 A, RB(a)		5.00%		10/01/2032		3,025		3,251,649
Series 2019 A, RB(a)		5.00%		10/01/2034		5,000		5,364,323
Greater Orlando Aviation Authority (Jetblue Airways Corp.);
Series 2013, Ref. RB(a)		5.00%		11/15/2026		3,500		3,500,023
Series 2013, Ref. RB(a)		5.00%		11/15/2036		1,250		1,240,403
Halifax Hospital Medical Center; Series 2015, Ref. RB(c)(g)		5.00%		06/01/2025		325		334,032
Highlands (County of), FL Health Facilities Authority (Trousdale Foundation Properties); Series 2018 A, RB (Acquired 08/29/2018; Cost $2,494,063)(e)(f)		5.25%		04/03/2028		2,500		725,000
Hillsborough (County of), FL Aviation Authority (Tampa International Airport);
Series 2015 A, RB		5.00%		10/01/2044		1,485		1,490,187
Series 2018 E, RB(a)		5.00%		10/01/2024		2,000		2,017,906
Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts); Series 2018 A, RB(d)		5.00%		07/15/2028		440		429,804
Lakeland (City of), FL (Lakeland Regional Health);
Series 2015, RB		5.00%		11/15/2040		4,250		4,257,968
Series 2015, RB		5.00%		11/15/2045		3,370		3,375,393
Lee (County of), FL; Series 2021 B, RB(a)		5.00%		10/01/2035		5,000		5,409,421
Lee (County of), FL Industrial Development Authority (Preserve (The)); Series 2017 A, RB(d)		5.38%		12/01/2032		1,000		839,619

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Florida–(continued)
Manatee (County of), FL School District;
Series 2017, RB (INS - AGM)(b)		5.00%		10/01/2029	$	1,000	$	1,061,036
Series 2017, RB (INS - AGM)(b)		5.00%		10/01/2031		3,000		3,175,131
Series 2017, RB (INS - AGM)(b)		5.00%		10/01/2032		1,250		1,322,000
Miami (City of) & Dade (County of), FL School Board; Series 2015 A, Ref. COP		5.00%		05/01/2032		1,900		1,939,646
Miami-Dade (County of), FL;
Series 2017 B, Ref. RB		4.00%		10/01/2036		15,000		15,162,635
Series 2021, RB		4.00%		10/01/2042		3,000		3,005,189
Series 2023 A, Ref. RB(a)		5.00%		10/01/2033		3,865		4,256,334
Subseries 2021 A-1, Ref. RB (INS - AGM)(a)(b)		4.00%		10/01/2039		3,500		3,494,660
Miami-Dade (County of), FL (Jackson Health System); Series 2015 A, Ref. RB		5.00%		06/01/2033		1,000		1,015,504
Miami-Dade (County of), FL Expressway Authority;
Series 2010 A, RB		5.00%		07/01/2040		925		925,241
Series 2013 A, RB		5.00%		07/01/2033		600		600,211
Series 2016 A, Ref. RB		5.00%		07/01/2028		1,625		1,683,028
Miami-Dade (County of), FL Transit System; Series 2022, RB		5.00%		07/01/2044		5,000		5,378,334
Mirabella Community Development District; Series 2013, RB		6.00%		11/01/2026		15		15,160
Osceola (County of), FL;
Series 2020 A-1, Ref. RB		5.00%		10/01/2033		350		367,453
Series 2020 A-1, Ref. RB		5.00%		10/01/2034		300		313,985
Series 2020 A-1, Ref. RB		5.00%		10/01/2035		500		520,501
Palm Beach (County of), FL Health Facilities Authority (ACTS Retirement-Life Communities, Inc.);
Series 2016, Ref. RB		5.00%		11/15/2032		3,500		3,549,639
Series 2020 B, RB		4.00%		11/15/2041		250		213,433
Pompano Beach (City of), FL (John Knox Village); Series 2021 B-1, RB		2.00%		01/01/2029		1,150		998,897
Tampa (City of), FL;
Series 2020 A, RB(h)		0.00%		09/01/2041		3,030		1,173,030
Series 2020 A, RB(h)		0.00%		09/01/2049		3,795		887,838
Wildwood (City of), FL Village Community Development Disctrict No. 15; Series 2023, RB(d)		4.85%		05/01/2038		1,000		990,746
								140,068,684
Georgia–1.58%
Atlanta (City of), GA; Series 2019, RB(a)		4.00%		07/01/2038		1,540		1,515,893
Burke (County of), GA Development Authority (Georgia Power Co. Plant Vogtle); Series 1995, RB		2.20%		10/01/2032		2,000		1,621,409
College Park (City of), GA (Atlanta International Airport); Series 2006 B, RB (INS - NATL)(b)		4.50%		01/01/2031		15		15,009
Floyd (County of), GA Development Authority (The Spires at Berry College);
Series 2018 A, RB		5.50%		12/01/2028		940		919,186
Series 2018 A, RB		5.75%		12/01/2033		1,500		1,453,520
Fulton (County of), GA Development Authority (Robert W. Woodruff Arts Center); Series 2019, Ref. RB		4.00%		03/15/2044		1,915		1,816,324
Fulton (County of), GA Development Authority (Wellstar Health System, Inc.); Series 2017, RAC		5.00%		04/01/2033		1,870		1,956,142
George L Smith II Congress Center Authority (Convention Center Hotel);
Series 2021, RB		2.38%		01/01/2031		525		455,464
Series 2021, RB		4.00%		01/01/2036		1,100		1,067,340
Georgia (State of) Municipal Electric Authority; Series 2019 A, Ref. RB		5.00%		01/01/2033		1,200		1,277,427
Georgia (State of) Municipal Electric Authority (Project One); Series 2015 A, Ref. RB		5.00%		01/01/2032		875		887,013
Georgia (State of) Municipal Electric Authority of Georgia (Plant Vogtle Units 3 & 4);
Series 2021 A, Ref. RB		4.00%		01/01/2041		480		455,100
Series 2021 A, Ref. RB (INS - AGM)(b)		4.00%		01/01/2041		485		485,221
Series 2021 A, Ref. RB (INS - AGM)(b)		4.00%		01/01/2046		1,295		1,251,690
Georgia Municipal Association, Inc.; Series 1998, COP (INS - AGM)(b)		5.00%		12/01/2023		15		15,000
Macon-Bibb (County of), GA Urban Development Authority (Academy for Classical Education, Inc.); Series 2017 A, RB(d)		5.75%		06/15/2037		1,540		1,558,561
Main Street Natural Gas, Inc.;
Series 2022 B, RB(c)		5.00%		06/01/2029		5,000		5,141,066
Series 2022 C, RB(d)		4.00%		11/01/2027		3,810		3,695,789
Series 2023 B, RB(c)		5.00%		03/01/2030		5,000		5,212,213
								30,799,367

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate	Maturity Date	Principal Amount (000)		Value
Guam–0.26%
Guam (Territory of);
Series 2021 A, Ref. RB	5.00%	11/01/2040	$	4,000	$	4,050,497
Series 2021 F, Ref. RB	5.00%	01/01/2029		1,000		1,052,779
						5,103,276
Hawaii–0.72%
Hawaii (State of); Series 2020 A, Ref. RB(a)	4.00%	07/01/2035		665		672,628
Hawaii (State of) Department of Budget & Finance; Series 2019, Ref. RB	3.20%	07/01/2039		1,655		1,169,308
Honolulu (City & County of), HI;
Series 2015 A, Ref. RB	5.00%	07/01/2031		6,000		6,162,323
Series 2023, RB(c)	5.00%	06/01/2026		5,750		5,945,658
						13,949,917
Illinois–9.29%
Bartlett (Village of), IL (Quarry Redevelopment); Series 2016, Ref. RB	4.00%	01/01/2024		1,275		1,274,011
Bolingbrook (Village of), IL Special Service Area No. 2005-1; Series 2019, Ref. RB	5.00%	03/01/2033		1,645		1,580,050
Chicago (City of), IL;
Series 2003 B, Ref. GO Bonds	5.00%	01/01/2024		1,795		1,796,080
Series 2008 C, Ref. RB	5.00%	01/01/2030		1,500		1,517,835
Series 2008, Ref. RB(c)(g)	5.00%	01/01/2025		2,450		2,492,513
Series 2008, Ref. RB	5.00%	01/01/2029		50		50,579
Series 2015 A, GO Bonds	5.38%	01/01/2029		5,000		5,059,695
Series 2017 A, Ref. GO Bonds	5.75%	01/01/2034		2,500		2,610,849
Series 2017 B, Ref. RB	5.00%	01/01/2033		3,000		3,101,731
Series 2019 A, GO Bonds	5.50%	01/01/2035		3,000		3,198,270
Series 2021 A, Ref. GO Bonds	5.00%	01/01/2033		9,000		9,589,342
Chicago (City of), IL (83rd/Stewart Redevelopment); Series 2013, COP(d)	7.00%	01/15/2029		823		823,112
Chicago (City of), IL (O’Hare International Airport);
Series 2015 A, Ref. RB(a)	5.00%	01/01/2029		6,000		6,044,424
Series 2015 B, Ref. RB	5.00%	01/01/2031		3,000		3,038,485
Series 2017 D, RB(a)	5.00%	01/01/2031		1,000		1,041,616
Series 2017 D, RB(a)	5.00%	01/01/2032		1,000		1,041,182
Series 2017 D, RB(a)	5.00%	01/01/2033		2,000		2,081,528
Series 2020 A, Ref. RB (INS - AGM)(b)	4.00%	01/01/2037		2,250		2,291,293
Chicago (City of), IL Board of Education;
Series 2012 A, GO Bonds	5.00%	12/01/2042		6,705		6,415,158
Series 2017 C, Ref. GO Bonds	5.00%	12/01/2030		2,000		2,030,081
Series 2017, RB	5.75%	04/01/2035		1,000		1,048,477
Series 2018 A, Ref. GO Bonds (INS - AGM)(b)	5.00%	12/01/2027		1,500		1,570,360
Series 2018 A, Ref. GO Bonds (INS - AGM)(b)	5.00%	12/01/2030		1,000		1,041,761
Series 2018 A, Ref. GO Bonds (INS - AGM)(b)	5.00%	12/01/2031		1,250		1,300,212
Series 2018 C, Ref. GO Bonds	5.00%	12/01/2025		1,000		1,013,793
Series 2021 A, GO Bonds	5.00%	12/01/2035		20		20,469
Series 2021 A, GO Bonds	5.00%	12/01/2038		1,240		1,241,362
Chicago (City of), IL Midway International Airport;
Series 2013 A, Ref. RB(a)(c)(g)	5.38%	02/06/2024		7,500		7,516,330
Series 2013 A, Ref. RB(a)(c)(g)	5.50%	02/06/2024		1,000		1,002,388
Series 2013 B, Ref. RB(c)(g)	5.00%	02/06/2024		1,000		1,002,416
Series 2016 A, Ref. RB(a)	5.00%	01/01/2027		2,000		2,039,784
Cook (County of), IL; Series 2018, Ref. RB	5.25%	11/15/2036		1,520		1,605,702
Cook County Community College District No. 508 (City Colleges of Chicago); Series 2013, GO Bonds	5.25%	12/01/2026		500		500,275

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Illinois–(continued)
Illinois (State of);
First Series 2001, GO Bonds (INS - NATL)(b)		6.00%		11/01/2026	$	410	$	422,975
Series 2016, GO Bonds		5.00%		11/01/2025		2,135		2,191,604
Series 2016, GO Bonds		5.00%		11/01/2030		1,040		1,069,165
Series 2016, GO Bonds		4.00%		06/01/2032		3,155		3,176,591
Series 2016, GO Bonds		4.00%		06/01/2033		2,250		2,261,081
Series 2017 C, GO Bonds		5.00%		11/01/2029		2,000		2,102,229
Series 2018 A, Ref. GO Bonds		5.00%		10/01/2028		8,375		8,978,678
Series 2018 B, Ref. GO Bonds		5.00%		10/01/2027		1,405		1,485,395
Series 2020 B, GO Bonds		4.00%		10/01/2035		3,000		3,020,632
Series 2020, GO Bonds		5.50%		05/01/2024		1,000		1,007,356
Series 2020, GO Bonds		5.50%		05/01/2030		3,000		3,294,431
Series 2020, GO Bonds		5.50%		05/01/2039		2,455		2,683,833
Series 2021 A, GO Bonds		5.00%		03/01/2046		300		308,788
Illinois (State of) (Rebuild Illinois Program); Series 2019 B, GO Bonds		4.00%		11/01/2035		4,450		4,468,427
Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.); Series 2002, RB(a)		8.00%		06/01/2032		710		710,486
Illinois (State of) Finance Authority (Advocate Health Care Network); Series 2008 A, Ref. RB		5.00%		11/01/2030		1,660		1,735,718
Illinois (State of) Finance Authority (Benedictine University); Series 2021, Ref. RB		5.00%		10/01/2030		1,300		1,293,484
Illinois (State of) Finance Authority (DePaul College Prep Foundation); Series 2023, Ref. RB(d)		4.50%		08/01/2033		1,275		1,256,285
Illinois (State of) Finance Authority (Park Place of Elmhurst); Series 2016, RB		5.13%		05/15/2060		1,043		568,361
Illinois (State of) Finance Authority (Rogers Park Montessori School); Series 2014, Ref. RB		5.00%		02/01/2024		100		99,983
Illinois (State of) Finance Authority (Rush University Medical Center); Series 2015 A, Ref. RB		5.00%		11/15/2034		4,500		4,547,680
Illinois (State of) Finance Authority (University of Illinois Health Services);
Series 2020, RB		5.00%		10/01/2030		750		798,763
Series 2020, RB		5.00%		10/01/2031		750		796,239
Series 2020, RB		5.00%		10/01/2032		750		795,597
Series 2020, RB		5.00%		10/01/2033		750		794,809
Series 2020, RB		5.00%		10/01/2034		750		792,938
Series 2020, RB		5.00%		10/01/2035		750		789,306
Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion);
Series 1998 A, Ref. RB (INS - NATL)(b)		5.50%		06/15/2029		2,000		2,078,530
Series 2002, RB (INS - AGM)(b)(h)		0.00%		12/15/2029		2,550		2,054,717
Series 2002, RB (INS - NATL)(b)(h)		0.00%		06/15/2033		3,490		2,407,275
Series 2002, RB (INS - NATL)(b)(h)		0.00%		12/15/2033		10,000		6,737,938
Series 2002, RB (INS - NATL)(b)(h)		0.00%		12/15/2034		5,000		3,219,024
Illinois (State of) Regional Transportation Authority;
Series 2018 B, RB(i)		5.00%		06/01/2031		3,800		4,144,761
Series 2018 B, RB(i)		5.00%		06/01/2032		3,995		4,351,424
Illinois (State of) Sports Facilities Authority;
Series 2019, Ref. RB (INS - BAM)(b)		5.00%		06/15/2028		2,100		2,202,422
Series 2019, Ref. RB (INS - BAM)(b)		5.00%		06/15/2029		1,000		1,057,615
Series 2019, Ref. RB (INS - BAM)(b)		5.00%		06/15/2030		1,200		1,266,555
Illinois (State of) Toll Highway Authority;
Series 2013 A, RB		5.00%		01/01/2028		300		300,425
Series 2013 A, RB		5.00%		01/01/2038		2,000		2,000,110
Series 2021 A, RB		4.00%		01/01/2046		5,000		4,783,149
Kane County School District No. 131 Aurora East Side; Series 2020 A, GO Bonds (INS - AGM)(b)		4.00%		12/01/2036		745		749,770
Manhattan (Village of), IL Special Service Area No. 2004-1 (Brookstone Springs); Series 2015, Ref. RB		4.25%		03/01/2024		214		213,756
Sales Tax Securitization Corp.;
Series 2017 A, Ref. RB		5.00%		01/01/2029		1,000		1,068,444
Series 2017 A, Ref. RB		5.00%		01/01/2030		1,000		1,064,146
Series 2018 A, Ref. RB		5.00%		01/01/2031		3,000		3,178,999
Southwestern Illinois Development Authority (US Steel Corp.); Series 2012, RB(a)		5.75%		08/01/2042		2,050		2,050,099
Springfield (City of), IL;
Series 2015, Ref. RB		5.00%		03/01/2032		2,000		2,031,125
Series 2015, Ref. RB		5.00%		03/01/2033		3,500		3,554,042
Stephenson County School District No. 145 Freeport; Series 2018 A, GO Bonds (INS - AGM)(b)		5.00%		02/01/2031		895		967,260
								180,913,583

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Indiana–1.44%
Allen (County of), IN (Evergreen Village Fort Wayne); Series 2019, RB		6.00%		02/01/2039	$	570	$	503,615
Indiana (State of) Finance Authority (CWA Authority); Series 2021, Ref. RB		4.00%		10/01/2039		5,075		5,124,859
Indiana (State of) Finance Authority (KIPP Indianapolis, Inc.); Series 2020 A, RB		4.00%		07/01/2030		215		201,922
Indiana (State of) Finance Authority (Southern Indiana Gas and Electric Co.);
Series 2013, Ref. RB(a)(c)		4.00%		08/01/2028		10,000		9,824,832
Series 2013, Ref. RB(a)(c)		4.00%		08/01/2028		5,315		5,259,345
Indiana (State of) Finance Authority (United States Steel Corp.); Series 2021 A, Ref. RB		4.13%		12/01/2026		1,000		980,303
Indianapolis Local Public Improvement Bond Bank (CityWay 1); Series 2021 B, Ref. RB		5.00%		02/01/2033		185		185,110
Jeffersonville (City of), IN (Vivera Senior Living);
Series 2020 A, RB(d)		4.75%		11/01/2030		575		497,915
Series 2020 A, RB(d)		5.25%		11/01/2040		4,560		3,531,087
Northern Indiana Commuter Transportation District; Series 2016, RB		5.00%		07/01/2028		1,250		1,307,240
Terre Haute (City of), IN (Silver Birch of Terre Haute); Series 2017, RB		5.10%		01/01/2032		575		492,499
Valparaiso (City of), IN (Pratt Paper, LLC); Series 2013, RB(a)		5.88%		01/01/2024		105		105,129
								28,013,856
Iowa–1.05%
Iowa (State of) Finance Authority (Alcoa, Inc.); Series 2012, RB		4.75%		08/01/2042		5,000		4,779,029
Iowa (State of) Finance Authority (Iowa Fertilizer Co.); Series 2022, Ref. RB(c)		4.00%		12/01/2032		5,350		5,138,633
Iowa (State of) Finance Authority (Lifespace Communities, Inc.); Series 2021 A, Ref. RB		4.00%		05/15/2046		3,500		2,346,729
Iowa (State of) Finance Authority (PHS Council Bluffs, Inc.); Series 2018, RB		4.45%		08/01/2028		125		117,508
Iowa (State of) Tobacco Settlement Authority; Series 2021 A-2, Ref. RB		5.00%		06/01/2029		2,325		2,459,748
PEFA, Inc.; Series 2019, RB(c)		5.00%		09/01/2026		5,635		5,717,623
								20,559,270
Kansas–0.50%
Derby (City of), KS (Derby Star Bond); Series 2020, RB		3.90%		03/01/2037		575		572,617
Lenexa (City of), KS (Lakeview Village, Inc.);
Series 2018 A, Ref. RB		5.00%		05/15/2029		1,210		1,198,611
Series 2018 A, Ref. RB		5.00%		05/15/2031		1,335		1,314,605
Manhattan (City of), KS (Meadowlark Hills);
Series 2021 A, Ref. RB		4.00%		06/01/2036		1,000		830,598
Series 2021 A, Ref. RB		4.00%		06/01/2046		1,150		821,152
Wichita (City of), KS (Kansas Masonic Home); Series 2016 II-A, RB (Acquired 05/25/2017-05/30/2019; Cost $1,537,416)(e)(f)		5.25%		12/01/2036		1,500		330,000
Wichita (City of), KS (Presbyterian Manors, Inc.);
Series 2018 I, Ref. RB		5.00%		05/15/2033		1,140		1,013,238
Series 2019, Ref. RB		5.00%		05/15/2029		1,280		1,190,272
Series 2019, Ref. RB		5.00%		05/15/2034		2,950		2,523,662
								9,794,755
Kentucky–1.89%
Ashland (City of), KY (King’s Daughters Medical Center);
Series 2019, Ref. RB		5.00%		02/01/2030		370		394,469
Series 2019, Ref. RB		5.00%		02/01/2031		460		481,299
Series 2019, Ref. RB		5.00%		02/01/2032		450		469,976
Fayette County School District Finance Corp.; Series 2015 D, RB (CEP - Colorado Higher Education Intercept Program)		5.00%		08/01/2031		1,000		1,020,167
Kentucky (Commonwealth of) Economic Development Finance Authority (Catholic Health Initiatives); Series 2011 B, RB (SIFMA Municipal Swap Index + 1.40%)(c)(j)		4.70%		02/01/2025		1,430		1,431,186
Kentucky (Commonwealth of) Economic Development Finance Authority (Masonic Home Independent Living II, Inc.); Series 2016 A, Ref. RB		5.00%		05/15/2036		2,000		1,671,169
Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway);
Series 2015 A, RB		5.00%		07/01/2028		1,500		1,523,765
Series 2015 A, RB		5.00%		07/01/2030		2,000		2,029,403
Series 2015 A, RB		5.00%		07/01/2032		1,000		1,013,802
Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health, Inc.); Series 2017 A, Ref. RB		5.00%		06/01/2032		1,435		1,464,039
Kentucky (Commonwealth of) Economic Development Finance Authority (Rosedale Green); Series 2015, Ref. RB		5.50%		11/15/2035		3,100		2,813,895

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Kentucky–(continued)
Kentucky (Commonwealth of) Municipal Power Agency;
Series 2015 A, Ref. RB (INS - NATL)(b)		5.00%		09/01/2026	$	1,000	$	1,020,867
Series 2015 A, Ref. RB (INS - NATL)(b)		5.00%		09/01/2027		1,620		1,653,805
Series 2015 A, Ref. RB (INS - NATL)(b)		5.00%		09/01/2028		1,260		1,286,079
Kentucky (Commonwealth of) Municipal Power Agency (Prairie State);
Series 2016 A, Ref. RB (INS - NATL)(b)		5.00%		09/01/2031		5,000		5,179,146
Series 2019 A, Ref. RB		5.00%		09/01/2033		1,000		1,039,285
Kentucky (Commonwealth of) Property & Building Commission (No. 108); Series 2015 A, RB		5.00%		08/01/2029		1,000		1,026,766
Kentucky (Commonwealth of) Property & Building Commission (No. 119);
Series 2018, RB (INS - BAM)(b)		5.00%		05/01/2031		100		108,363
Series 2018, RB (INS - BAM)(b)		5.00%		05/01/2032		100		107,659
Series 2018, RB (INS - BAM)(b)		5.00%		05/01/2033		100		107,313
Series 2018, RB (INS - BAM)(b)		5.00%		05/01/2034		100		107,145
Kentucky (Commonwealth of) Public Energy Authority;
Series 2018 B, RB(c)		4.00%		01/01/2025		2,000		1,985,563
Series 2019 C, RB(c)		4.00%		02/01/2028		5,000		4,936,101
Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.);
Series 2016 A, Ref. RB		5.00%		10/01/2033		2,450		2,518,293
Series 2020 A, RB		4.00%		10/01/2040		1,500		1,425,088
								36,814,643
Louisiana–1.24%
Louisiana (State of) Public Facilities Authority (19th Judicial District Court Building); Series 2015, Ref. RB(c)(g)		5.00%		06/01/2025		1,405		1,444,046
Louisiana (State of) Public Facilities Authority (Archdiocese of New Orleans);
Series 2017, Ref. RB		5.00%		07/03/2028		250		212,500
Series 2017, Ref. RB		5.00%		07/02/2029		400		340,000
Series 2017, Ref. RB		5.00%		07/01/2030		500		425,000
Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation); Series 2016, Ref. RB		5.00%		05/15/2034		2,545		2,613,400
New Orleans (City of), LA; Series 2014, Ref. RB		5.00%		12/01/2026		1,250		1,267,588
New Orleans (City of), LA Aviation Board;
Series 2015 B, RB(a)		5.00%		01/01/2027		1,750		1,764,691
Series 2015 B, RB(a)		5.00%		01/01/2029		1,805		1,817,798
New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage System);
Series 2018 A, RB (INS - AGM)(b)		5.00%		10/01/2034		100		107,339
Series 2018 A, RB (INS - AGM)(b)		5.00%		10/01/2036		220		233,413
Series 2018 A, RB (INS - AGM)(b)		5.00%		10/01/2037		145		152,926
Series 2018 A, RB (INS - AGM)(b)		5.00%		10/01/2038		100		105,101
Series 2018 B, Ref. RB (INS - AGM)(b)		5.00%		10/01/2030		350		380,179
Series 2018 B, Ref. RB (INS - AGM)(b)		5.00%		10/01/2032		200		216,247
Series 2018 B, Ref. RB (INS - AGM)(b)		5.00%		10/01/2033		135		145,473
Series 2018 B, Ref. RB (INS - AGM)(b)		5.00%		10/01/2034		100		107,477
St. James (Parish of), LA (Nustar Logistics, L.P.); Series 2008, RB(c)(d)		6.10%		06/01/2030		2,700		2,925,015
St. John the Baptist (Parish of), LA (Marathon Oil Corp.);
Series 2017, Ref. RB(c)		2.10%		07/01/2024		1,000		982,643
Series 2017, Ref. RB(c)		4.05%		07/01/2026		1,750		1,741,079
Subseries 2017 A-3, Ref. RB(c)		2.20%		07/01/2026		2,000		1,900,491
St. Tammany (Parish of), LA Public Trust Financing Authority (Christwood);
Series 2015, Ref. RB		5.00%		11/15/2024		405		403,327
Series 2015, Ref. RB		5.25%		11/15/2029		2,800		2,737,096
Series 2015, Ref. RB		5.25%		11/15/2037		2,330		2,137,475
								24,160,304
Maryland–0.78%
Baltimore (City of), MD (Convention Center Hotel); Series 2017, Ref. RB		5.00%		09/01/2033		1,105		1,110,568
Baltimore (City of), MD (East Baltimore Research Park); Series 2017, Ref. RB		5.00%		09/01/2038		1,275		1,271,649
Baltimore (City of), MD (Water); Series 2017 A, RB		5.00%		07/01/2033		2,500		2,634,782
Gaithersburg (City of), MD (Asbury Maryland Obligated Group); Series 2018 A, Ref. RB		5.00%		01/01/2036		2,000		1,962,624
Howard (County of), MD (Downtown Columbia); Series 2017 A, RB(d)		4.13%		02/15/2034		1,000		948,336
Maryland (State of) Department of Transportation; Series 2012, RB		2.25%		10/01/2025		100		97,687

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Maryland–(continued)
Maryland (State of) Health & Higher Educational Facilities Authority (Stevenson University);
Series 2021, Ref. RB		5.00%		06/01/2028	$	250	$	266,020
Series 2021, Ref. RB		5.00%		06/01/2030		350		379,196
Series 2021, Ref. RB		5.00%		06/01/2032		400		435,426
Series 2021, Ref. RB		4.00%		06/01/2034		350		353,704
Series 2021, Ref. RB		4.00%		06/01/2036		450		449,937
Maryland Economic Development Corp. (AFCO Cargo BWI II, LLC); Series 2017, Ref. RB(a)(d)		4.00%		07/01/2024		585		581,504
Maryland Economic Development Corp. (CNX Marine Terminal, Inc. - Port of Baltimore Facility); Series 2010, Ref. RB		5.75%		09/01/2025		1,500		1,502,106
Maryland Economic Development Corp. (Port Covington);
Series 2020, RB		3.25%		09/01/2030		1,000		931,829
Series 2020, RB		4.00%		09/01/2040		2,500		2,198,065
								15,123,433
Massachusetts–1.85%
Massachusetts (Commonwealth of); Series 2016 G, GO Bonds		4.00%		09/01/2037		3,000		3,026,434
Massachusetts (Commonwealth of) Development Finance Agency;
Series 2019 A, Ref. RB		5.00%		07/01/2031		1,530		1,566,707
Series 2019 A, Ref. RB		5.00%		07/01/2032		2,115		2,164,375
Series 2021 G, Ref. RB		5.00%		07/01/2038		300		313,367
Series 2021 G, Ref. RB		5.00%		07/01/2039		350		363,936
Series 2021 G, Ref. RB		4.00%		07/01/2046		1,000		901,350
Massachusetts (Commonwealth of) Development Finance Agency (Ascentria Care Alliance); Series 2021, Ref. RB(d)		5.00%		07/01/2041		2,050		1,732,427
Massachusetts (Commonwealth of) Development Finance Agency (Boston University); Series 2023 FF, Ref. RB		4.00%		10/01/2046		5,000		4,963,198
Massachusetts (Commonwealth of) Development Finance Agency (Emerson College); Series 2017 A, Ref. RB		5.00%		01/01/2026		1,600		1,636,588
Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.); Series 2017, Ref. RB(d)		5.00%		10/01/2037		1,500		1,456,180
Massachusetts (Commonwealth of) Development Finance Agency (Seven Hills Foundation);
Series 2021, Ref. RB		4.00%		09/01/2041		1,300		1,111,123
Series 2021, Ref. RB		4.00%		09/01/2048		1,380		1,109,819
Massachusetts (Commonwealth of) Development Finance Agency (SpringField College); Series 2021 B, Ref. RB		4.00%		06/01/2035		2,000		1,934,006
Massachusetts (Commonwealth of) Development Finance Agency (Suffolk University); Series 2017, Ref. RB		5.00%		07/01/2034		1,000		1,031,970
Massachusetts (Commonwealth of) School Building Authority;
Series 2018 B, RB		4.00%		02/15/2039		10,735		10,735,126
Series 2018 B, RB		4.00%		02/15/2041		1,685		1,672,286
Massachusetts (Commonwealth of) Water Resources Authority; Series 2007 B, Ref. RB (INS - AGM)(b)		5.25%		08/01/2025		300		311,249
								36,030,141
Michigan–2.23%
Detroit (City of), MI Downtown Development Authority (Catalyst Development);
Series 2018 A, Ref. RB (INS - AGM)(b)		5.00%		07/01/2030		700		705,203
Series 2018 A, Ref. RB (INS - AGM)(b)		5.00%		07/01/2032		2,000		2,013,616
Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo);
Series 2019, Ref. RB		5.00%		05/15/2032		805		769,166
Series 2019, Ref. RB		5.00%		05/15/2042		2,710		2,305,138
Kent (County of), MI; Series 2015, Ref. GO Bonds		5.00%		01/01/2037		2,000		2,023,936
Kentwood Economic Development Corp. (Holland Home Obligated Group);
Series 2019, Ref. RB		5.00%		11/15/2032		2,035		1,962,395
Series 2022, Ref. RB		4.00%		11/15/2031		970		874,988
Michigan (State of) Building Authority (Facilities Program);
Series 2015 I, Ref. RB(c)(g)		5.00%		10/15/2025		615		636,206
Series 2015 I, Ref. RB		5.00%		04/15/2031		4,385		4,534,587
Michigan (State of) Finance Authority; Series 2020 B-1, Ref. RB		5.00%		06/01/2049		570		581,108

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Michigan–(continued)
Michigan (State of) Finance Authority (Detroit Water & Sewerage Department);
Series 2014 C-7, Ref. RB (INS - NATL)(b)		5.00%		07/01/2026	$	1,000	$	1,008,344
Series 2014 C-7, Ref. RB (INS - NATL)(b)		5.00%		07/01/2027		1,000		1,007,717
Series 2014 D-4, Ref. RB		5.00%		07/01/2029		5,000		5,029,500
Series 2015 D-1, Ref. RB		5.00%		07/01/2029		750		767,735
Michigan (State of) Finance Authority (Henry Ford Health System); Series 2016, Ref. RB		5.00%		11/15/2028		2,000		2,074,774
Michigan (State of) Finance Authority (Local Government Loan Program); Series 2014 F, Ref. RB		4.50%		10/01/2029		5,590		5,606,053
Michigan (State of) Finance Authority (Sparrow Obligated Group); Series 2015, Ref. RB(c)(g)		5.00%		05/15/2025		245		251,388
Michigan (State of) Strategic Fund (Canterbury Health Care, Inc.); Series 2016, RB(d)		5.00%		07/01/2031		1,530		1,210,420
Michigan (State of) Strategic Fund (Green Bonds); Series 2021, RB(a)(c)		4.00%		10/01/2026		1,230		1,205,178
Michigan (State of) Strategic Fund (Holland Home Obligated Group); Series 2019, Ref. RB		5.00%		11/15/2034		1,810		1,720,531
Romulus (City of), MI Tax Increment Finance Authority; Series 2016, Ref. RB (INS - BAM)(b)		5.00%		11/01/2026		1,805		1,886,116
Wayne (County of), MI Airport Authority (Detroit Metropolitan Wayne County Airport);
Series 2012 A, RB(c)(g)		5.00%		12/01/2023		2,700		2,700,000
Series 2012 D, Ref. RB(a)(c)(g)		5.00%		12/01/2023		2,500		2,500,000
								43,374,099
Minnesota–0.35%
Dakota (County of), MN Community Development Agency (Sanctuary at West St. Paul); Series 2015, RB		5.75%		08/01/2030		290		217,178
Duluth (City of), MN Housing & Redevelopment Authority (Duluth Public Schools Academy);
Series 2018 A, Ref. RB		4.25%		11/01/2028		320		308,038
Series 2018 A, Ref. RB		5.00%		11/01/2033		205		201,691
Maple Grove (City of), MN (Maple Grove Hospital Corp.);
Series 2017, Ref. RB		5.00%		05/01/2031		500		516,842
Series 2017, Ref. RB		5.00%		05/01/2032		1,600		1,648,006
Minnesota (State of) Higher Education Facilities Authority (Bethel University); Series 2017, Ref. RB		5.00%		05/01/2032		1,750		1,751,547
St. Louis Park (City of), MN (Place Via Sol Project); Series 2018, RB (Acquired 12/26/2018; Cost $1,250,000)(c)(d)(e)(f)		6.00%		07/01/2027		1,250		662,500
Woodbury (City of), MN Housing & Redevelopment Authority (St. Therese of Woodbury);
Series 2014, RB		4.00%		12/01/2023		300		300,000
Series 2014, RB		4.00%		12/01/2024		175		173,011
Series 2014, RB		5.00%		12/01/2029		1,000		980,250
								6,759,063
Mississippi–0.22%
Mississippi (State of) Hospital Equipment & Facilities Authority (Forrest Co. General Hospital);
Series 2019 B, Ref. RB		5.00%		01/01/2029		1,000		1,064,637
Series 2019 B, Ref. RB		5.00%		01/01/2030		1,000		1,068,221
Mississippi (State of) Hospital Equipment & Facilities Authority (North Mississippi Health Services);
Series 2020, Ref. RB		5.00%		10/01/2035		600		639,352
Series 2020, Ref. RB		5.00%		10/01/2036		650		685,261
Mississippi Business Finance Corp. (System Energy Resources, Inc.); Series 2021, RB		2.38%		06/01/2044		1,390		818,122
								4,275,593
Missouri–0.96%
Cape Girardeau (County of), MO Industrial Development Authority (South Eastern Health);
Series 2017 A, Ref. RB		5.00%		03/01/2036		3,000		3,046,085
Series 2017, Ref. RB		5.00%		03/01/2029		100		102,756
Kansas City (City of), MO; Series 2017 C, Ref. RB		5.00%		09/01/2032		1,850		1,964,635
Kansas City (City of), MO Industrial Development Authority (Downtown Redevelopment District); Series 2011 A, Ref. RB		5.50%		09/01/2028		2,000		2,003,874
Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport); Series 2019 B, RB(a)		5.00%		03/01/2035		1,000		1,042,944
Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community Improvement District); Series 2016 A, Ref. RB(d)		4.25%		04/01/2026		10		9,747
Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights); Series 2017 A, Ref. RB		5.25%		05/15/2032		2,685		2,436,828

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Missouri–(continued)
Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services);
Series 2016 B, Ref. RB		5.00%		02/01/2032	$	1,000	$	1,000,338
Series 2016, Ref. RB		5.00%		02/01/2033		1,305		1,305,441
Series 2019 A, RB		5.00%		02/01/2029		1,100		1,102,167
Missouri (State of) Joint Municipal Electric Utility Commission (Prairie State);
Series 2015 A, Ref. RB		5.00%		06/01/2027		1,500		1,533,310
Series 2015 A, Ref. RB		5.00%		12/01/2027		640		654,119
St. Charles (County of), MO Industrial Development Authority (Suemandy/Mid-Rivers Community Improvement District); Series 2016, RB(d)		4.00%		10/01/2028		130		120,420
St. Louis (County of), MO Industrial Development Authority (Friendship Village of Sunset Hills); Series 2012, RB		5.00%		09/01/2032		1,490		1,451,814
St. Louis Municipal Finance Corp.; Series 2015, Ref. RB (INS - AGM)(b)		5.00%		07/15/2030		1,000		1,009,224
								18,783,702
Nebraska–0.53%
Central Plains Energy Project (No. 5); Series 2022-1, RB(c)		5.00%		10/01/2029		5,000		5,147,646
Public Power Generation Agency (Whelan Energy Center Unit 2); Series 2016 A, Ref. RB		5.00%		01/01/2034		5,000		5,182,293
								10,329,939
Nevada–0.24%
Clark (County of), NV (Special Improvement District No. 159);
Series 2015, RB		5.00%		08/01/2026		125		126,459
Series 2015, RB		5.00%		08/01/2029		1,140		1,148,138
Series 2015, RB		5.00%		08/01/2031		1,260		1,267,100
Series 2015, RB		5.00%		08/01/2032		305		306,909
Las Vegas (City of), NV Special Improvement District No. 607; Series 2013, Ref. RB		5.00%		06/01/2024		10		10,000
Las Vegas (City of), NV Special Improvement District No. 815;
Series 2020, RB		3.25%		12/01/2025		230		222,857
Series 2020, RB		4.00%		12/01/2030		240		224,367
Sparks (City of), NV (Tourism Improvement District No. 1); Series 2019 A, Ref. RB(d)		2.75%		06/15/2028		1,575		1,480,413
								4,786,243
New Hampshire–0.59%
New Hampshire (State of) Business Finance Authority; Series 2020-1A, RB		4.13%		01/20/2034		6,599		6,355,595
New Hampshire (State of) Business Finance Authority (Covanta Green Bonds); Series 2020 B, Ref. RB(a)(c)(d)		3.75%		07/02/2040		1,025		760,173
New Hampshire (State of) Business Finance Authority (Covanta); Series 2020 A, Ref. RB(c)(d)		3.63%		07/02/2040		370		269,682
New Hampshire (State of) Business Finance Authority (New York State Electric & Gas Corp.); Series 2022 A, Ref. RB(a)		4.00%		12/01/2028		2,300		2,312,284
New Hampshire (State of) Business Finance Authority (Social Bonds); Series 2022-2A, RB		4.00%		10/20/2036		1,971		1,870,331
								11,568,065
New Jersey–5.24%
Atlantic City (City of), NJ; Series 2017 A, Ref. GO Bonds (INS - BAM)(b)		5.00%		03/01/2032		250		262,871
Casino Reinvestment Development Authority, Inc.; Series 2014, Ref. RB (INS - AGM)(b)		5.00%		11/01/2027		1,000		1,017,331
Gloucester (County of), NJ Industrial Pollution Control Financing Authority (Logan); Series 2014 A, Ref. PCR(a)(g)		5.00%		12/01/2024		920		924,676
New Jersey (State of); Series 2020 A, GO Bonds		4.00%		06/01/2032		3,000		3,207,464
New Jersey (State of) Economic Development Authority;
Series 2015 XX, Ref. RB		5.00%		06/15/2025		2,000		2,051,785
Series 2017 A, Ref. RB (INS - BAM)(b)		5.00%		07/01/2028		5,035		5,345,952
Series 2020, Ref. RB(a)(c)		3.75%		06/01/2028		2,500		2,482,143
New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.); Series 2012, RB(a)		5.75%		09/15/2027		12,380		12,382,396
New Jersey (State of) Economic Development Authority (Leap Academy University Charter School, Inc.); Series 2014 A, RB(d)		6.20%		10/01/2044		200		200,376
New Jersey (State of) Economic Development Authority (Newark Downtown District Management Corp.); Series 2019, Ref. RB		5.13%		06/15/2037		102		109,329
New Jersey (State of) Economic Development Authority (Paterson Charter School for Science and Technology, Inc.); Series 2012 C, RB		5.00%		07/01/2032		435		426,082

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
New Jersey–(continued)
New Jersey (State of) Economic Development Authority (Provident Group - Rowan Properties LLC - Rowan University Student Housing); Series 2015 A, RB		5.00%		01/01/2030	$	250	$	248,055
New Jersey (State of) Economic Development Authority (Social Bonds);
Series 2021 QQQ, RB		4.00%		06/15/2038		1,000		1,012,496
Series 2021 QQQ, RB		4.00%		06/15/2039		1,000		1,007,273
New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement);
Series 2013, RB(a)		5.50%		01/01/2026		1,390		1,391,119
Series 2013, RB(a)		5.50%		01/01/2027		2,130		2,131,821
Series 2013, RB(a)		5.00%		01/01/2028		1,000		1,000,511
Series 2013, RB(a)		5.38%		01/01/2043		4,290		4,293,329
New Jersey (State of) Educational Facilities Authority (Montclair University); Series 2014, RB		5.00%		06/15/2026		1,000		1,008,576
New Jersey (State of) Educational Facilities Authority (Rider University);
Series 2017 F, RB		5.00%		07/01/2032		395		380,057
Series 2017 F, RB		5.00%		07/01/2033		415		395,833
Series 2017 F, RB		5.00%		07/01/2035		1,000		929,993
New Jersey (State of) Health Care Facilities Financing Authority (Princeton HealthCare System);
Series 2016, Ref. RB		5.00%		07/01/2030		1,200		1,255,417
Series 2016, Ref. RB		5.00%		07/01/2031		1,000		1,045,203
New Jersey (State of) Higher Education Student Assistance Authority; Series 2018 B, Ref. RB(a)		5.00%		12/01/2025		2,250		2,302,811
New Jersey (State of) Transportation Trust Fund Authority;
Series 2006 C, RB (INS - AMBAC)(b)(h)		0.00%		12/15/2026		3,500		3,156,943
Series 2008 A, RB(h)		0.00%		12/15/2028		255		214,340
Series 2009 C, RB		5.25%		06/15/2032		250		252,881
Series 2018 A, Ref. RB		5.00%		12/15/2028		5,000		5,470,919
Series 2018 A, Ref. RB		5.00%		12/15/2032		5,000		5,408,454
Series 2018 A, RN(i)(k)		5.00%		06/15/2029		4,500		4,691,851
Series 2018 A, RN(i)(k)		5.00%		06/15/2030		2,000		2,084,098
Series 2019, Ref. RB		5.00%		12/15/2024		2,500		2,541,288
Series 2020 AA, RB		4.00%		06/15/2037		2,000		2,034,738
Series 2021 A, Ref. RB		4.00%		06/15/2035		10,245		10,537,322
Series 2021 A, Ref. RB		4.00%		06/15/2036		2,000		2,047,057
Series 2022 A, RB		4.00%		06/15/2040		3,215		3,220,819
South Jersey Transportation Authority; Series 2014 A, Ref. RB		5.00%		11/01/2028		500		505,861
Tobacco Settlement Financing Corp.;
Series 2018 A, Ref. RB		5.00%		06/01/2031		2,500		2,623,050
Series 2018 A, Ref. RB		5.00%		06/01/2032		4,965		5,208,289
Series 2018 A, Ref. RB		5.00%		06/01/2033		5,000		5,241,393
								102,052,202
New Mexico–0.06%
Santa Fe (City of), NM (El Castillo Retirement);
Series 2019 A, RB		5.00%		05/15/2034		725		675,697
Series 2019 A, RB		5.00%		05/15/2039		500		435,491
								1,111,188
New York–11.85%
Brookhaven Local Development Corp. (Jefferson’s Ferry); Series 2016, Ref. RB		5.25%		11/01/2036		1,500		1,507,143
Buffalo & Erie County Industrial Land Development Corp. (Medaille College); Series 2018, Ref. RB (Acquired 08/16/2018; Cost $505,491)(d)(e)(f)		5.00%		10/01/2038		500		375,000
Build NYC Resource Corp. (Brooklyn Navy Yard); Series 2019, Ref. RB(a)(d)		5.25%		12/31/2033		1,500		1,325,304
Build NYC Resource Corp. (Pratt Paper, Inc.); Series 2014, Ref. RB(a)(d)		4.50%		01/01/2025		480		480,093
Build NYC Resource Corp. (Shefa School); Series 2021 A, RB(d)		2.50%		06/15/2031		375		305,373
Erie Tobacco Asset Securitization Corp.; Series 2005 A, RB		5.00%		06/01/2045		1,000		924,370
Long Island (City of), NY Power Authority;
Series 2014 A, Ref. RB		5.00%		09/01/2034		4,000		4,037,370
Series 2018, RB		5.00%		09/01/2029		1,000		1,093,181

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
New York–(continued)
Metropolitan Transportation Authority;
Series 2013 A, Ref. RB(c)(g)		5.00%		01/08/2024	$	515	$	515,725
Series 2013 B, RB(c)(g)		5.00%		01/08/2024		40		40,060
Series 2013 C, RB(c)(g)		5.00%		01/08/2024		940		941,323
Series 2013 E, RB		5.00%		11/15/2043		215		215,006
Series 2015 A-2, RB(c)		5.00%		05/15/2030		3,000		3,187,594
Subseries 2015 C-1, Ref. RB		5.00%		11/15/2031		1,875		1,917,721
Subseries 2015 C-1, Ref. RB		5.25%		11/15/2031		2,500		2,568,587
Metropolitan Transportation Authority (Green Bonds); Series 2017 C-2, Ref. RB(h)		0.00%		11/15/2029		1,000		786,421
Monroe County Industrial Development Corp. (St. Ann’s Community); Series 2019, Ref. RB		4.00%		01/01/2030		1,640		1,485,112
Monroe County Industrial Development Corp. (University of Rochester); Series 2017 D, Ref. RB		4.00%		07/01/2036		1,000		1,011,136
Nassau County Tobacco Settlement Corp.; Series 2006 A-2, RB		5.25%		06/01/2026		413		408,216
New Rochelle (City of), NY (Iona College); Series 2015 A, Ref. RB		5.00%		07/01/2035		350		352,890
New York & New Jersey (States of) Port Authority;
One Hudred Eighty Fifth Series 2014, RB(a)		4.00%		09/01/2034		10,000		10,012,031
Two Hundred Second Series 2017, Ref. RB(a)		5.00%		10/15/2035		3,000		3,116,957
Two Hundred Seventh Series 2018, Ref. RB(a)		5.00%		09/15/2027		9,000		9,490,288
Two Hundred Thirty Third Series 2021, Ref. RB(a)		4.00%		07/15/2036		1,625		1,630,609
Two Hundred Twenty First Series 2020, RB(a)		5.00%		07/15/2031		4,525		4,870,930
New York (City of), NY;
Series 2015 C, Ref. GO Bonds		5.00%		08/01/2029		1,000		1,021,986
Series 2020 C, GO Bonds		4.00%		08/01/2039		5,000		5,027,049
Series 2020 C, GO Bonds		4.00%		08/01/2040		5,000		5,018,719
Series 2023 F-1, Ref. GO Bonds		5.00%		08/01/2028		1,000		1,102,520
New York (City of), NY Transitional Finance Authority;
Series 2018 S-2A, Ref. RB		5.00%		07/15/2034		5,000		5,407,191
Series 2021 B-1, RB		4.00%		08/01/2036		8,000		8,253,599
Series 2021 E-1, RB		4.00%		02/01/2038		5,390		5,410,658
Series 2021, Ref. RB		4.00%		11/01/2036		2,825		2,904,469
New York (State of) Dormitory Authority;
Series 2015 B, RB		5.00%		02/15/2032		2,055		2,091,117
Series 2022 A, Ref. RB		4.00%		03/15/2040		10,620		10,656,338
New York (State of) Dormitory Authority (Bidding Group 2); Series 2020 A, Ref. RB		4.00%		03/15/2036		5,000		5,140,577
New York (State of) Dormitory Authority (Master Boces Program); Series 2020, RB		4.00%		08/15/2041		2,000		1,949,866
New York (State of) Dormitory Authority (Montefiore Obligated Group);
Series 2018 A, Ref. RB		5.00%		08/01/2029		1,910		1,974,840
Series 2018 A, Ref. RB		5.00%		08/01/2031		3,195		3,298,281
New York (State of) Dormitory Authority (Orange Regional Medical Center);
Series 2015, Ref. RB(d)		5.00%		12/01/2024		300		300,421
Series 2017, Ref. RB(d)		5.00%		12/01/2033		2,000		1,950,359
Series 2017, Ref. RB(d)		5.00%		12/01/2034		1,000		970,478
New York (State of) Dormitory Authority (Ozanam Hall of Queens Nursing Home, Inc.); Series 2006, RB (LOC - Allied Irish Banks PLC)(l)		5.00%		11/01/2026		25		25,316
New York (State of) Thruway Authority; Series 2019 B, RB		4.00%		01/01/2037		1,490		1,501,172
New York (State of) Thruway Authority (Bidding Group 3); Series 2022, Ref. RB		4.00%		03/15/2043		10,000		10,010,914
New York City Housing Development Corp. (Sustainable Development Bonds); Series 2022 A, RB		2.70%		08/01/2037		2,150		1,821,968
New York Counties Tobacco Trust IV; Series 2005 A, RB		5.00%		06/01/2042		4,520		4,224,903
New York Counties Tobacco Trust VI;
Series 2016 B, Ref. RB		5.00%		06/01/2027		280		287,482
Series 2016 B, Ref. RB		5.00%		06/01/2030		270		277,526
Series 2016 B, Ref. RB		5.00%		06/01/2031		465		477,910
New York Liberty Development Corp. (Goldman Sachs Headquarters); Series 2007, RB		5.50%		10/01/2037		2,660		3,007,806
New York Liberty Development Corp. (Green Bonds); Series 2021 A, Ref. RB (INS - AGM)(b)		2.75%		11/15/2041		9,000		7,108,064
New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport);
Series 2020, Ref. RB(a)		5.25%		08/01/2031		1,470		1,511,114
Series 2020, Ref. RB(a)		5.38%		08/01/2036		1,000		1,004,642
Series 2023, RB(a)		5.50%		06/30/2041		850		886,747

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
New York–(continued)
New York Transportation Development Corp. (American Airlines, Inc.);
Series 2016, Ref. RB(a)		5.00%		08/01/2026	$	1,150	$	1,150,044
Series 2016, Ref. RB(a)		5.00%		08/01/2031		25,500		25,498,294
Series 2021, Ref. RB(a)		3.00%		08/01/2031		5,000		4,385,486
New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment);
Series 2018, RB(a)		5.00%		01/01/2026		10,000		10,057,387
Series 2018, RB(a)		5.00%		01/01/2034		3,090		3,127,646
Series 2018, RB(a)		5.00%		01/01/2036		960		966,718
Series 2020, RB(a)		4.00%		10/01/2030		3,000		2,898,230
Series 2020, RB(a)		5.00%		10/01/2035		2,000		2,040,340
New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment);
Series 2016 A, RB (INS - AGM)(a)(b)		4.00%		07/01/2041		1,000		947,729
Series 2023, RB(a)		6.00%		04/01/2035		5,000		5,412,180
New York Transportation Development Corp. (Terminal 4 JFK International Airport);
Series 2020 A, Ref. RB(a)		5.00%		12/01/2030		1,000		1,064,413
Series 2020 A, Ref. RB(a)		5.00%		12/01/2032		1,250		1,328,277
Series 2020 C, Ref. RB		5.00%		12/01/2033		1,600		1,720,631
Series 2022, RB(a)		5.00%		12/01/2026		1,000		1,032,316
Series 2022, RB(a)		5.00%		12/01/2028		2,145		2,264,903
Series 2022, RB(a)		5.00%		12/01/2029		3,000		3,182,586
Otsego County Capital Resource Corp. (Hartwick College); Series 2015 A, Ref. RB		5.00%		10/01/2030		500		468,034
Rockland Tobacco Asset Securitization Corp.; Series 2001, RB		5.63%		08/15/2035		760		771,614
Triborough Bridge & Tunnel Authority; Series 2022 C, RB		5.00%		05/15/2043		5,200		5,676,598
TSASC, Inc.;
Series 2017 A, Ref. RB		5.00%		06/01/2032		2,000		2,061,300
Series 2017 A, Ref. RB		5.00%		06/01/2033		1,500		1,544,975
Series 2017 A, Ref. RB		5.00%		06/01/2034		1,000		1,028,672
Westchester County Local Development Corp.; Series 2014 A, RB		5.00%		05/01/2034		5,000		5,011,381
								230,862,226
North Carolina–1.24%
Charlotte (City of), NC (Charlotte Douglas International Airport); Series 2017 A, RB		5.00%		07/01/2035		1,000		1,065,234
Columbus (County of), NC Industrial Facilities & Pollution Control Financing Authority (International Paper Co.); Series 2019, Ref. RB(c)		2.00%		10/01/2024		1,500		1,468,858
North Carolina (State of) Department of Transportation (I-77 HOT Lanes);
Series 2015, RB(a)		5.00%		06/30/2026		1,700		1,721,813
Series 2015, RB(a)		5.00%		06/30/2027		1,215		1,232,668
Series 2015, RB(a)		5.00%		06/30/2029		1,340		1,359,867
Series 2015, RB(a)		5.00%		06/30/2030		1,405		1,425,068
North Carolina (State of) Medical Care Commission (Forest at Duke (The)); Series 2021, RB		4.00%		09/01/2041		2,255		1,830,423
North Carolina (State of) Medical Care Commission (Lutheran Services for the Aging);
Series 2021, RB		4.00%		03/01/2029		275		255,704
Series 2021, RB		4.00%		03/01/2030		285		261,096
Series 2021, RB		4.00%		03/01/2031		290		262,827
Series 2021, RB		4.00%		03/01/2036		900		748,179
Series 2021, RB		4.00%		03/01/2041		1,050		796,305
North Carolina (State of) Medical Care Commission (Pennybyrn at Maryfield); Series 2020 B-1, RB		2.88%		10/01/2026		85		79,823
North Carolina (State of) Medical Care Commission (Rex Healthcare); Series 2020 A, RB		5.00%		07/01/2033		1,250		1,360,925
North Carolina (State of) Medical Care Commission (Vidant Health); Series 2015, Ref. RB		5.00%		06/01/2040		5,000		5,055,020
North Carolina (State of) Turnpike Authority; Series 2017, Ref. RB (INS - AGM)(b)		5.00%		01/01/2031		1,250		1,312,808
North Carolina (State of) Turnpike Authority (Triangle Expressway System); Series 2019, RB(h)		0.00%		01/01/2044		5,000		2,004,326
Raleigh & Durham (Cities of), NC Airport Authority; Series 2020 A, Ref. RB(a)		5.00%		05/01/2031		1,750		1,902,275
								24,143,219

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
North Dakota–0.16%
Burleigh (County of), ND (University of Mary);
Series 2016, RB		4.38%		04/15/2026	$	385	$	378,501
Series 2016, RB		5.10%		04/15/2036		2,815		2,771,740
								3,150,241
Ohio–3.22%
American Municipal Power, Inc. (Combined Hydroelectric); Series 2016 A, Ref. RB		4.00%		02/15/2035		3,000		3,020,640
Buckeye Tobacco Settlement Financing Authority; Series 2020 A-2, Ref. RB		4.00%		06/01/2038		8,310		8,164,592
Centerville (City of), OH (Graceworks Lutheran Services); Series 2017, Ref. RB		5.25%		11/01/2037		1,195		1,118,691
Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Constellation Schools); Series 2014 A, Ref. RB(d)		5.75%		01/01/2024		180		179,885
Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Euclid Avenue Development Corp.); Series 2014, Ref. RB		5.00%		08/01/2027		1,000		1,008,081
Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Playhouse Square Foundation); Series 2018, Ref. RB		5.00%		12/01/2033		2,460		2,480,512
Columbus (City of) & Franklin (County of), OH Finance Authority (Easton); Series 2020, RB(d)		5.00%		06/01/2028		3,835		3,826,282
Cuyahoga (County of), OH (MetroHealth System);
Series 2017, Ref. RB		5.00%		02/15/2031		3,250		3,359,250
Series 2017, Ref. RB		5.00%		02/15/2032		5,480		5,653,472
Dayton (City of) OH; Series 2014 A, Ref. RB (INS - AGM)(a)(b)		4.00%		12/01/2032		5,000		5,000,333
Hamilton (County of), OH (Life Enriching Communities); Series 2012, RB		5.00%		01/01/2032		630		629,998
Hamilton (County of), OH (UC Health); Series 2020, RB		5.00%		09/15/2037		2,000		2,028,506
Montgomery (County of), OH (Premier Health Partners Obligated Group); Series 2019 A, Ref. RB		5.00%		11/15/2034		1,500		1,561,988
Muskingum (County of), OH (Genesis Healthcare System); Series 2013, RB		5.00%		02/15/2033		1,240		1,217,575
Ohio (State of);
Series 2014, Ref. VRD RB(m)		3.80%		01/15/2045		6,600		6,600,000
Series 2020 A, Ref. RB		5.00%		01/15/2033		600		647,062
Ohio (State of) (Cleveland Clinic Health System Obligated Group); Series 2018, Ref. RB(d)		5.00%		12/01/2023		1,460		1,460,000
Ohio (State of) (Portsmouth Bypass); Series 2015, RB(a)		5.00%		12/31/2025		1,300		1,320,132
Ohio (State of) (University Hospitals Health System, Inc.); Series 2015, Ref. VRD RB(m)		3.80%		01/15/2045		5,200		5,200,000
Ohio (State of) Air Quality Development Authority (Ohio Valley Electric Corp.); Series 2014, RB(a)(c)		2.60%		10/01/2029		9,000		7,888,073
Southeastern Ohio (State of) Port Authority (Memorial Health Systems); Series 2015, Ref. RB		5.50%		12/01/2029		350		345,743
								62,710,815
Oklahoma–0.47%
Oklahoma (State of) Development Finance Authority (OU Medicine); Series 2018 B, RB		5.00%		08/15/2033		1,000		972,370
Tulsa (City of), OK Airports Improvement Trust; Series 2001 B, Ref. RB(a)		5.50%		12/01/2035		3,250		3,250,582
Tulsa (City of), OK Airports Improvement Trust (American Airlines Group, Inc.); Series 2015, Ref. RB(a)(c)		5.00%		06/01/2025		5,000		4,976,612
								9,199,564
Oregon–1.03%
Forest Grove (City of), OR (Pacific University); Series 2015 A, Ref. RB		5.00%		05/01/2036		250		252,293
Multnomah (County of), OR Hospital Facilities Authority (Terwilliger Plaza, Inc.);
Series 2016, Ref. RB		5.00%		12/01/2025		295		292,962
Series 2016, Ref. RB		5.00%		12/01/2030		1,305		1,258,742
Oregon (State of) Tri-County Metropolitan Transportation District; Series 2018 A, RB		4.00%		09/01/2048		7,465		7,199,934
Portland (Port of), OR;
Series 2017 24B, RB(a)		5.00%		07/01/2036		4,000		4,133,944
Series 2022 28, RB(a)		5.00%		07/01/2027		2,785		2,922,813
Salem-Keizer School District No. 24J; Series 2020 A, GO Bonds (CEP - Oregon School Bond Guaranty)(h)		0.00%		06/15/2040		4,415		2,030,351
Yamhill (County of), OR Hospital Authority (Friendsview);
Series 2021 B-1, RB		2.50%		11/15/2028		2,000		1,755,059
Series 2021 B-2, RB		2.13%		11/15/2027		225		212,084
								20,058,182
Pennsylvania–5.63%
Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue); Series 2018 A, Ref. RB		5.00%		04/01/2032		2,000		2,118,264

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Pennsylvania–(continued)
Allegheny (County of), PA Industrial Development Authority (United States Steel Corp.); Series 2019, Ref. RB		4.88%		11/01/2024	$	2,000	$	1,993,687
Allentown (City of), PA Neighborhood Improvement Zone Development Authority; Series 2022, Ref. RB		5.00%		05/01/2036		1,500		1,563,837
Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center); Series 2018, RB(d)		5.00%		05/01/2033		3,795		3,871,658
Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services);
Series 2015 A, Ref. RB		5.00%		12/01/2030		1,000		902,171
Series 2015 A, Ref. RB		5.25%		12/01/2045		1,400		1,063,173
Coatesville Area School District Building Authority;
Series 2018, RB (INS - BAM)(b)		5.00%		12/01/2025		385		385,400
Series 2018, RB (INS - BAM)(b)		5.00%		12/01/2026		335		335,325
Series 2018, RB (INS - BAM)(b)		5.00%		12/01/2027		360		360,330
Coatesville School District; Series 2020 A, GO Bonds (INS - BAM)(b)(h)		0.00%		10/01/2036		1,300		752,159
Commonwealth Financing Authority;
Series 2018, RB		5.00%		06/01/2030		5,500		5,870,809
Series 2018, RB		5.00%		06/01/2033		4,000		4,262,018
East Hempfield (Township of), PA Industrial Development Authority (Student Services, Inc. Student Housing at Millersville University of Pennsylvania); Series 2015, RB(g)		5.00%		07/01/2025		160		162,451
Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.);
Series 2018, Ref. RB		5.00%		12/01/2029		1,000		944,036
Series 2018, Ref. RB		5.00%		12/01/2031		1,005		934,079
Series 2018, Ref. RB		5.00%		12/01/2033		750		685,270
Lancaster (County of), PA Hospital Authority (Masonic Villages); Series 2015, Ref. RB		5.00%		11/01/2029		1,500		1,521,125
Lancaster (County of), PA Hospital Authority (Moravian Manors, Inc.); Series 2019 A, RB		5.00%		06/15/2038		1,110		985,558
Luzerne (County of), PA; Series 2015 A, Ref. GO Bonds (INS - AGM)(b)		5.00%		11/15/2029		500		512,175
Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University);
Series 2018 A, Ref. RB		5.00%		09/01/2034		3,600		3,792,830
Series 2019, Ref. RB		5.00%		09/01/2031		545		585,015
Pennsylvania (Commonwealth of);
First Series 2015-1, GO Bonds		5.00%		03/15/2031		1,500		1,526,289
Series 2018 A, Ref. COP		5.00%		07/01/2029		300		324,204
Series 2018 A, Ref. COP		5.00%		07/01/2030		375		403,888
Series 2018 A, Ref. COP		5.00%		07/01/2031		425		456,973
Pennsylvania (Commonwealth of) Economic Development Financing Authority (PA Bridges Finco L.P.);
Series 2015, RB(a)		5.00%		12/31/2027		5,965		6,099,984
Series 2015, RB(a)		5.00%		12/31/2034		2,630		2,672,628
Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living); Series 2021, Ref. RB		4.00%		07/01/2030		1,600		1,535,481
Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC);
Series 2021 A, Ref. RB		4.00%		10/15/2039		1,325		1,300,915
Series 2021 A, Ref. RB		4.00%		10/15/2040		1,200		1,164,436
Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District);
Series 2016 A, Ref. RB (INS - AGM)(b)		5.00%		06/01/2030		3,000		3,159,366
Series 2016 A, Ref. RB (INS - AGM)(b)		5.00%		06/01/2031		120		125,292
Pennsylvania (Commonwealth of) Turnpike Commission;
Second Series 2017, Ref. RB		5.00%		12/01/2031		4,075		4,331,804
Series 2015 A-1, Ref. RB		5.00%		12/01/2028		1,055		1,080,565
Series 2015 A-1, Ref. RB		5.25%		12/01/2034		250		257,670
Series 2016 A-1, RB		5.00%		12/01/2041		1,000		1,012,246
Series 2017-3, Ref. RB		5.00%		12/01/2034		3,000		3,172,135
Series 2019 A, RB		5.00%		12/01/2033		1,240		1,369,818
Series 2021 A, RB		3.00%		12/01/2042		4,500		3,525,321
Series 2021 B, RB		4.00%		12/01/2040		1,500		1,504,585
Series 2021 B, RB		4.00%		12/01/2041		1,750		1,727,608
Pennsylvania Economic Development Financing Authority; Series 2019, Ref. RB		3.00%		04/01/2039		2,000		1,680,474
Pennsylvania Higher Education Assistance Agency (Senior Bonds); Series 2023 A, RB(a)		4.00%		06/01/2044		5,500		5,318,556

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Pennsylvania–(continued)
Philadelphia (City of), PA;
Series 2015, Ref. RB		5.00%		08/01/2031	$	1,000	$	1,015,439
Series 2015, Ref. RB		5.00%		08/01/2032		1,000		1,015,439
Series 2020 A, Ref. RB		4.00%		07/01/2039		5,000		4,990,550
Philadelphia (City of), PA Authority for Industrial Development;
Series 2017, RB		5.00%		12/01/2035		1,000		1,048,723
Series 2017, RB		5.00%		12/01/2037		1,310		1,359,034
Philadelphia (City of), PA Authority for Industrial Development (Kipp Philadelphia Charter School); Series 2016 A, RB		5.00%		04/01/2036		1,500		1,466,173
Philadelphia (City of), PA Authority for Industrial Development (La Salle University);
Series 2017, Ref. RB		5.00%		05/01/2034		1,000		911,777
Series 2017, Ref. RB		5.00%		05/01/2036		1,000		880,516
Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University); Series 2017 A, Ref. RB		5.00%		09/01/2035		3,000		3,076,779
Philadelphia (City of), PA Authority for Industrial Development (University Square Apartments); Series 2017, RB		4.00%		12/01/2047		2,000		1,714,203
Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated Group); Series 2017, Ref. RB		5.00%		07/01/2042		4,355		3,542,063
Philadelphia (City of), PA Hospitals & Higher Education Facilities Authority (Temple University Health System);
Series 2017, Ref. RB		5.00%		07/01/2028		3,480		3,597,490
Series 2017, Ref. RB		5.00%		07/01/2029		2,295		2,366,397
Philadelphia School District (The);
Series 2007 A, Ref. GO Bonds (INS - NATL)(b)		5.00%		06/01/2025		2,400		2,452,249
Series 2018 A, GO Bonds		5.00%		09/01/2025		745		764,287
Series 2018 A, GO Bonds		5.00%		09/01/2032		510		545,726
Reading School District;
Series 2017, Ref. GO Bonds (INS - AGM)(b)		5.00%		03/01/2035		30		31,408
Series 2017, Ref. GO Bonds (INS - AGM)(b)		5.00%		03/01/2036		25		25,994
Scranton School District;
Series 2017 E, Ref. GO Bonds (INS - BAM)(b)		5.00%		12/01/2032		110		117,170
Series 2017 E, Ref. GO Bonds (INS - BAM)(b)		5.00%		12/01/2033		90		95,701
Washington (County of), PA Redevelopment Authority (Victory Centre); Series 2018, Ref. RB		5.00%		07/01/2028		225		224,537
West Shore Area Authority (Messiah Village); Series 2015 A, Ref. RB		5.00%		07/01/2030		500		492,832
Wilkes-Barre Area School District; Series 2016 B, GO Bonds (INS - BAM)(b)		5.00%		08/01/2028		500		525,496
								109,611,591
Puerto Rico–3.71%
Children’s Trust Fund;
Series 2002, RB		5.50%		05/15/2039		760		761,921
Series 2002, RB		5.63%		05/15/2043		4,655		4,707,852
Puerto Rico (Commonwealth of);
Series 2021 A, GO Bonds(h)		0.00%		07/01/2024		225		219,913
Series 2021 A, GO Bonds(h)		0.00%		07/01/2033		8,100		4,941,432
Series 2021 A-1, GO Bonds		5.63%		07/01/2027		1,443		1,507,594
Series 2021 A-1, GO Bonds		5.63%		07/01/2029		6,419		6,794,130
Series 2021 A-1, GO Bonds		5.75%		07/01/2031		8,667		9,338,675
Series 2021 A-1, GO Bonds		4.00%		07/01/2033		6,307		5,900,097
Series 2021 A-1, GO Bonds		4.00%		07/01/2035		1,175		1,077,374
Series 2021 A-1, GO Bonds		4.00%		07/01/2037		1,008		903,351
Series 2021 A-1, GO Bonds		4.00%		07/01/2041		1,371		1,187,169
Series 2021 A-1, GO Bonds		4.00%		07/01/2046		1,426		1,188,321
Subseries 2022, RN		0.00%		11/01/2043		5,770		3,007,530
Subseries 2022, RN		0.00%		11/01/2051		4,835		2,538,182
Puerto Rico (Commonwealth of) Aqueduct & Sewer Authority; Series 2021 B, RB(d)		5.00%		07/01/2033		4,365		4,414,204
Puerto Rico (Commonwealth of) Electric Power Authority; Series 2008 WW, RB(e)		5.50%		07/01/2038		3,500		883,750
Puerto Rico (Commonwealth of) Highway & Transportation Authority; Series 2022 C, RB(n)		5.00%		07/01/2053		130		84,174
Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (Hospital Auxilio Mutuo); Series 2021, Ref. RB		5.00%		07/01/2031		425		459,865

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Puerto Rico–(continued)
Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (University Plaza); Series 2000 A, RB (INS - NATL)(b)		5.00%		07/01/2033	$	1,245	$	1,215,905
Puerto Rico Sales Tax Financing Corp.;
Series 2018 A-1, RB(h)		0.00%		07/01/2029		20,432		16,160,864
Series 2018 A-1, RB(h)		0.00%		07/01/2046		17,000		5,016,579
								72,308,882
Rhode Island–1.05%
Providence (City of), RI Public Building Authority (Various Capital); Series 2011 A, RB (INS - AGM)(b)		5.88%		06/15/2026		315		315,632
Tobacco Settlement Financing Corp.;
Series 2015 A, Ref. RB		5.00%		06/01/2026		1,375		1,396,109
Series 2015 A, Ref. RB		5.00%		06/01/2027		900		914,871
Series 2015 A, Ref. RB		5.00%		06/01/2028		1,080		1,098,189
Series 2015 A, Ref. RB		5.00%		06/01/2035		12,500		12,648,780
Series 2015 A, Ref. RB		5.00%		06/01/2040		4,000		4,014,690
								20,388,271
South Carolina–0.22%
Piedmont Municipal Power Agency; Series 2015 A, RB		5.00%		01/01/2030		2,000		2,028,071
South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes); Series 2013, RB		5.00%		05/01/2028		1,250		1,192,836
South Carolina (State of) Public Service Authority; Series 2020 A, Ref. RB		4.00%		12/01/2037		1,000		992,164
								4,213,071
Tennessee–1.31%
Chattanooga (City of) & Hamilton (County of), TN Hospital Authority (Erlanger Health System); Series 2014 A, Ref. RB		5.00%		10/01/2039		1,505		1,507,351
Greeneville (Town of), TN Health & Educational Facilities Board (Ballad Health Obligated Group); Series 2018 A, Ref. RB		5.00%		07/01/2035		2,500		2,615,562
Knox (County of), TN Health, Educational & Housing Facility Board (Covenant Health); Series 2012 A, Ref. RB		5.00%		01/01/2025		500		500,494
Metropolitan Development and Housing Agency (Fifth + Broadway Development); Series 2018, RB(d)		4.50%		06/01/2028		650		649,736
Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Lipscomb University); Series 2019 A, Ref. RB		5.00%		10/01/2035		1,115		1,151,840
Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Vanderbilt University Medical Center);
Series 2016 A, RB		5.00%		07/01/2031		1,000		1,034,380
Series 2016 A, RB		5.00%		07/01/2035		2,000		2,037,585
New Memphis Arena Public Building Authority (City of Memphis) (Social Bonds);
Series 2021, RB(h)		0.00%		04/01/2036		1,200		688,733
Series 2021, RB(h)		0.00%		04/01/2037		1,375		739,763
Shelby (County of), TN Health, Educational & Housing Facilities Board (Methodist Le Bonheur Healthcare); Series 2017 A, RB		5.00%		05/01/2031		1,185		1,241,156
Shelby (County of), TN Health, Educational & Housing Facilities Board (The Village at Germantown, Inc.); Series 2014, RB		5.00%		12/01/2029		650		632,628
Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor); Series 2016 A, Ref. RB(d)		5.00%		09/01/2037		750		624,552
Tennergy Corp.; Series 2022 A, RB(c)		5.50%		12/01/2030		8,300		8,641,380
Tennessee Energy Acquisition Corp.;
Series 2006 C, RB		5.00%		02/01/2024		3,225		3,227,192
Series 2006 C, RB		5.00%		02/01/2027		150		151,367
								25,443,719
Texas–8.00%
Arlington Higher Education Finance Corp. (Harmony Public Schools); Series 2015, Ref. RB (CEP - Texas Permanent School Fund)		5.00%		02/15/2032		1,500		1,522,832
Arlington Higher Education Finance Corp. (UME Preparatory Academy);
Series 2017 A, RB		4.55%		08/15/2028		100		96,963
Series 2017 A, RB		5.00%		08/15/2038		115		107,594
Arlington Higher Education Finance Corp. (Universal Academy);
Series 2014 A, RB		5.88%		03/01/2024		70		69,901
Series 2014 A, RB		6.63%		03/01/2029		1,000		1,000,687

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Texas–(continued)
Austin Convention Enterprises, Inc.;
Series 2017, Ref. RB		5.00%		01/01/2032	$	1,075	$	1,071,927
Series 2017, Ref. RB		5.00%		01/01/2033		1,200		1,221,594
Clifton Higher Education Finance Corp. (Idea Public Schools);
Series 2013, RB		6.00%		08/15/2033		1,250		1,252,006
Series 2022 A, RB		4.00%		08/15/2033		535		524,094
Series 2022 A, RB		4.00%		08/15/2034		555		539,634
Series 2022 A, RB		4.00%		08/15/2035		410		395,119
Clifton Higher Education Finance Corp. (International Leadership of Texas);
Series 2015 A, RB		4.88%		08/15/2027		500		495,884
Series 2015 A, RB		5.13%		08/15/2030		3,000		2,993,884
Series 2018 D, RB		5.75%		08/15/2033		5,000		5,070,587
Dallas (County of), TX Flood Control District No. 1; Series 2015, Ref. GO Bonds(d)		5.00%		04/01/2028		1,000		1,000,088
Decatur (City of), TX Hospital Authority (Wise Regional Health System);
Series 2014 A, Ref. RB(g)		5.00%		09/01/2024		265		265,480
Series 2014 A, Ref. RB(c)(g)		5.25%		09/01/2024		1,000		1,001,484
Dickinson Independent School District; Series 2000, Ref. GO Bonds (CEP - Texas Permanent School Fund)		6.00%		02/15/2028		1,225		1,314,234
Godley Independent School District; Series 2016, GO Bonds (CEP - Texas Permanent School Fund)		4.00%		02/15/2035		2,640		2,663,722
Grand Parkway Transportation Corp.; Series 2020 C, Ref. RB		4.00%		10/01/2036		250		257,711
Grand Parkway Transportation Corp. (TELA Supported); Series 2018 A, RB		5.00%		10/01/2037		2,000		2,131,769
Gulf Coast Authority (Waste Management of Texas); Series 2003 B, RB(a)		1.50%		05/01/2028		1,750		1,541,513
Harris (County of) & Houston (City of), TX Sports Authority; Series 2014 A, Ref. RB		5.00%		11/15/2030		1,000		1,009,493
Harris County Cultural Education Facilities Finance Corp. (Brazos Presbyterian Homes, Inc.); Series 2013 A, RB		5.00%		01/01/2033		1,090		987,518
Harris County Cultural Education Facilities Finance Corp. (YMCA of the Greater Houston Area); Series 2013 A, Ref. RB		5.00%		06/01/2028		1,500		1,460,049
Harris County Industrial Development Corp. (Energy Transfer L.P.); Series 2023, Ref. RB(c)		4.05%		06/01/2033		4,000		3,985,026
Houston (City of), TX; Series 2023 A, Ref. RB (INS - AGM)(a)(b)		5.25%		07/01/2039		2,000		2,181,191
Houston (City of), TX Airport System (United Airlines, Inc. Terminal E);
Series 2014, Ref. RB(a)		4.75%		07/01/2024		1,265		1,264,383
Series 2020 A, Ref. RB(a)		5.00%		07/01/2027		500		498,943
Series 2021 A, RB(a)		4.00%		07/01/2041		4,500		3,799,613
Houston (City of), TX Airport System (United Airlines, Inc.);
Series 2020 B-2, Ref. RB(a)		5.00%		07/15/2027		3,350		3,343,118
Series 2021 B-1, RB(a)		4.00%		07/15/2041		14,000		11,817,924
Houston Higher Education Finance Corp. (KIPP, Inc.); Series 2015, Ref. RB (CEP - Texas Permanent School Fund)		5.00%		08/15/2029		250		255,551
Love Field Airport Modernization Corp.; Series 2021, Ref. RB (INS - AGM)(a)(b)		4.00%		11/01/2039		2,935		2,855,256
Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.); Series 2014, Ref. RB(e)		5.00%		02/15/2024		73		728
Mission Economic Development Corp. (Natgasoline); Series 2018, Ref. RB(a)(d)		4.63%		10/01/2031		5,000		4,857,416
New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community);
Series 2016, Ref. RB		4.00%		07/01/2028		2,620		2,334,604
Series 2016, Ref. RB		5.00%		07/01/2036		2,750		2,282,775
New Hope Cultural Education Facilities Finance Corp. (Jubilee Academic Center); Series 2021, Ref. RB(d)		4.00%		08/15/2036		2,000		1,756,723
New Hope Cultural Education Facilities Finance Corp. (Longhorn Village);
Series 2017, Ref. RB		5.00%		01/01/2027		1,090		1,075,632
Series 2017, Ref. RB		5.00%		01/01/2029		1,205		1,177,020
Series 2017, Ref. RB		5.00%		01/01/2037		2,000		1,839,174
New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford); Series 2016 A, RB		5.00%		11/15/2026		245		235,783
New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North);
Series 2018, Ref. RB		5.00%		10/01/2029		2,105		1,998,651
Series 2018, Ref. RB		5.00%		10/01/2030		2,210		2,076,916
New Hope Cultural Education Facilities Finance Corp. (Tarleton State University); Series 2014 A, RB(c)(g)		5.00%		04/01/2024		620		622,895
New Hope Cultural Education Facilities Finance Corp. (Wesleyan Homes, Inc.);
Series 2014, RB		5.25%		01/01/2029		1,500		1,426,166
Series 2014, RB		5.50%		01/01/2035		1,400		1,271,044

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
Texas–(continued)
Newark High Education Finance Corp. (A+ Charter Schools, Inc.); Series 2015 A, RB(d)		4.63%		08/15/2025	$	330	$	331,235
North East Texas Regional Mobility Authority; Series 2016, RB		5.00%		01/01/2046		10,000		10,045,636
North Texas Tollway Authority; Series 2017 B, Ref. RB (INS - AGM)(b)		4.00%		01/01/2034		750		762,859
Port Beaumont Navigation District (Jefferson Gulf Coast Energy);
Series 2021, RB(a)(d)		2.13%		01/01/2028		575		497,373
Series 2021, RB(a)(d)		2.25%		01/01/2029		800		671,947
Pottsboro Higher Education Finance Corp. (Imagine International Academy of North Texas LLC); Series 2016 A, RB		5.00%		08/15/2036		1,960		1,888,466
San Antonio (City of), TX; Series 2019 A, Ref. RB(a)		5.00%		07/01/2032		2,380		2,551,875
Tarrant County Cultural Education Facilities Finance Corp.; Series 2014, Ref. RB		5.00%		10/01/2049		625		594,225
Tarrant County Cultural Education Facilities Finance Corp. (Hendrick Medical Center Obligated Group); Series 2015, Ref. RB		5.00%		09/01/2030		4,535		4,556,523
Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks); Series 2020, Ref. RB		4.00%		11/15/2027		2,550		2,402,055
Tarrant County Cultural Education Facilities Finance Corp. (Trinity Terrace Project); Series 2014, Ref. RB		5.00%		10/01/2044		4,500		4,360,533
Temple (City of), TX; Series 2018 A, RB		5.00%		08/01/2038		10,000		10,019,203
Texas (State of); Series 2023 A, GO Bonds(a)		4.00%		08/01/2041		5,000		4,832,939
Texas (State of) Transportation Commission;
Series 2019, RB(h)		0.00%		08/01/2034		1,400		894,351
Series 2019, RB(h)		0.00%		08/01/2035		2,050		1,240,064
Series 2019, RB(h)		0.00%		08/01/2036		1,500		857,488
Texas (State of) Transportation Commission (Central Texas Turnpike System);
Series 2015 B, Ref. RB(h)		0.00%		08/15/2036		5,000		2,883,284
Series 2015 C, Ref. RB		5.00%		08/15/2033		5,000		5,029,354
Series 2015 C, Ref. RB		5.00%		08/15/2042		1,235		1,239,179
Texas Municipal Gas Acquisition & Supply Corp. I; Series 2008 D, RB		6.25%		12/15/2026		2,985		3,084,271
Texas Municipal Gas Acquisition & Supply Corp. III; Series 2021, Ref. RB		5.00%		12/15/2031		3,250		3,355,728
Texas Private Activity Bond Surface Transportation Corp.; Series 2023, Ref. RB(a)		5.38%		06/30/2039		3,115		3,304,568
Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes);
Series 2019 A, Ref. RB		5.00%		12/31/2030		3,000		3,217,404
Series 2019 A, Ref. RB		5.00%		12/31/2032		1,000		1,069,725
Viridian Municipal Management District;
Series 2015, Ref. GO Bonds (INS - BAM)(b)		6.00%		12/01/2029		665		683,276
Series 2015, Ref. GO Bonds (INS - BAM)(b)		6.00%		12/01/2029		1,005		1,032,620
Series 2015, Ref. GO Bonds (INS - BAM)(b)		6.00%		12/01/2030		920		945,153
Series 2015, Ref. GO Bonds (INS - BAM)(b)		6.00%		12/01/2030		500		513,670
								155,817,303
Utah–1.09%
Black Desert Public Infrastructure District; Series 2021 A, GO Bonds(d)		3.50%		03/01/2036		2,000		1,664,812
Mida Mountain Village Public Infrastructure District (Assessment Area No. 2);
Series 2021, RB(d)		4.00%		08/01/2025		1,205		1,183,255
Series 2021, RB(d)		4.00%		08/01/2027		1,000		967,400
Series 2021, RB(d)		4.00%		08/01/2030		1,000		940,570
Military Installation Development Authority;
Series 2021 A-1, RB		4.00%		06/01/2036		500		420,403
Series 2021 A-1, RB		4.00%		06/01/2041		1,000		782,198
Series 2021 A-2, RB		4.00%		06/01/2036		5,250		4,414,230
Salt Lake City (City of), UT;
Series 2018 A, RB(a)		5.00%		07/01/2033		3,500		3,705,507
Series 2018 B, RB		5.00%		07/01/2038		1,000		1,049,762
West Jordan (City of), UT Municipal Building Authority; Series 2016, RB		4.00%		10/01/2038		6,020		6,022,532
								21,150,669
Vermont–0.12%
Burlington (City of), VT; Series 2014 A, Ref. RB (INS - AGM)(b)		5.00%		07/01/2030		1,000		1,004,629
University of Vermont and State Agricultural College; Series 2019 B, Ref. RB		5.00%		10/01/2035		1,220		1,429,407
								2,434,036

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date			Principal Amount (000)		Value
Virginia–0.79%
Dulles Town Center Community Development Authority (Dulles Town Center); Series 2012, Ref. RB		4.25%		03/01/2026		$	700	$	682,448
Farmville (Town of), VA Industrial Development Authority (Longwood University Student Housing); Series 2018 A, Ref. RB		5.00%		01/01/2038			1,000		965,653
Norfolk (City of), VA Redevelopment & Housing Authority (Fort Norfolk Retirement Community, Inc. - Harbor’s Edge);
Series 2014, Ref. RB		4.00%		01/01/2025			705		691,860
Series 2019 A, RB		5.00%		01/01/2034			500		458,676
Virginia (Commonwealth of) Housing Development Authority; Series 2013 F, RB		5.35%		10/01/2043	��		900		902,128
Virginia (Commonwealth of) Small Business Financing Authority (95 Express Lanes LLC); Series 2022, Ref. RB(a)		5.00%		01/01/2033			2,295		2,454,084
Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes);
Series 2022, Ref. RB(a)		5.00%		06/30/2042			2,395		2,490,245
Series 2022, Ref. RB(a)		5.00%		12/31/2047			1,820		1,864,983
Virginia (State of) Small Business Financing Authority (95 Express Lanes LLC); Series 2022, Ref. RB(a)		5.00%		01/01/2035			4,105		4,366,540
Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay);
Series 2018, Ref. RB		5.00%		09/01/2028			150		149,488
Series 2018, Ref. RB		5.00%		09/01/2030			455		450,353
									15,476,458
Washington–2.19%
Kalispel Tribe of Indians;
Series 2018 A, RB(d)		5.00%		01/01/2032			70		71,943
Series 2018 B, RB(d)		5.00%		01/01/2032			100		102,750
Kelso (City of), WA Housing Authority (Chinook & Columbia Apartments); Series 1998, RB		5.60%		03/01/2028			15		14,898
Seattle (Port of), WA;
Series 2016 B, Ref. RB(a)		5.00%		10/01/2028			3,730		3,836,971
Series 2019, RB(a)		5.00%		04/01/2029			5,000		5,342,441
Series 2022 B, Ref. RB(a)		5.00%		08/01/2037			3,000		3,205,029
Seattle (Port of), WA (SEATAC Fuel Facilities LLC); Series 2013, Ref. RB(a)		5.00%		06/01/2024			1,560		1,560,848
University of Washington; Series 2020 A, RB		4.00%		04/01/2045			5,900		5,842,487
Washington (State of);
Series 2021 A, Ref. GO Bonds		5.00%		06/01/2034			1,000		1,124,323
Series 2021 A, Ref. GO Bonds		5.00%		06/01/2035			1,500		1,684,994
Washington (State of) Convention Center Public Facilities District; Series 2018, RB		4.00%		07/01/2031			2,365		2,382,542
Washington (State of) Convention Center Public Facilities District (Green Notes); Series 2021, RB		4.00%		07/01/2031			1,250		1,213,686
Washington (State of) Health Care Facilities Authority (Catholic Health Initiatives); Series 2013, RB (SIFMA Municipal Swap Index + 1.40%)(c)(j)		4.70%		01/01/2025			3,350		3,350,786
Washington (State of) Health Care Facilities Authority (Central Washington Health Services Association); Series 2015, Ref. RB		5.00%		07/01/2030			500		508,580
Washington (State of) Health Care Facilities Authority (PeaceHealth); Series 2014 A, Ref. RB(c)(g)		5.00%		05/15/2024			500		503,370
Washington (State of) Health Care Facilities Authority (Providence Health & Services); Series 2012 A, RB		5.00%		10/01/2028			120		120,037
Washington (State of) Health Care Facilities Authority (Virginia Mason Medical Center);
Series 2017, Ref. RB		5.00%		08/15/2032			1,500		1,546,748
Series 2017, Ref. RB		5.00%		08/15/2037			1,360		1,381,850
Washington (State of) Housing Finance Commission (Bayview Manor Homes);
Series 2016 A, Ref. RB(d)		5.00%		07/01/2031			1,350		1,244,728
Series 2016 A, Ref. RB(d)		5.00%		07/01/2036			1,450		1,252,645
Washington (State of) Housing Finance Commission (Eliseo); Series 2021 B-2, Ref. RB(d)		2.13%		07/01/2027			2,715		2,447,408
Washington (State of) Housing Finance Commission (Heron’s Key Senior Living); Series 2015 A, RB(d)(g)		6.00%		07/01/2025			230		235,158
Washington (State of) Housing Finance Commission (The Hearthstone); Series 2018 A, Ref. RB(d)		5.00%		07/01/2038			830		660,414
Washington (State of) Housing Finance Commission (Transforming Age);
Series 2019 A, RB(d)		5.00%		01/01/2034			745		659,249
Series 2019 A, RB(d)		5.00%		01/01/2039			2,895		2,393,854
									42,687,739
West Virginia–0.25%
Monongalia (County of), WV Commission Special District (University Town Centre Economic Opportunity Development District); Series 2017 A, Ref. RB(d)		5.50%		06/01/2037			2,000		2,044,266

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

Invesco Intermediate Term Municipal Income Fund

	Interest Rate		Maturity Date		Principal Amount (000)		Value
West Virginia–(continued)
West Virginia (State of) Economic Development Authority; Series 2020, RB(a)(c)		5.00%		07/01/2025	$	1,000	$	1,000,271
West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC);
Series 2016, RB(a)(d)(e)		6.75%		02/01/2026		2,000		1,400,000
Series 2018, RB(a)(d)(e)		8.75%		02/01/2036		640		512,000
								4,956,537
Wisconsin–1.95%
Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group); Series 2017, Ref. RB		5.00%		08/01/2032		5,100		4,388,796
Wisconsin (State of) Health & Educational Facilities Authority (Ascension Senior Credit Group); Series 2016 A, Ref. RB		4.00%		11/15/2036		2,000		2,005,917
Wisconsin (State of) Health & Educational Facilities Authority (Benevolent Corp. Cedar Community);
Series 2017, Ref. RB		5.00%		06/01/2030		1,560		1,492,461
Series 2017, Ref. RB		5.00%		06/01/2032		1,720		1,611,197
Wisconsin (State of) Health & Educational Facilities Authority (Mercy Alliance);
Series 2012, RB		5.00%		06/01/2025		2,450		2,453,383
Series 2012, RB		5.00%		06/01/2026		1,000		1,000,757
Wisconsin (State of) Public Finance Authority;
Series 2012 B, Ref. RB(a)		5.00%		07/01/2042		3,500		3,500,011
Series 2012 C, Ref. RB(a)		5.00%		07/01/2042		1,000		1,000,003
Wisconsin (State of) Public Finance Authority (21st Century Public Academy); Series 2020 A, RB(d)		3.75%		06/01/2030		350		312,868
Wisconsin (State of) Public Finance Authority (ACTS Retirement-Life Community); Series 2020 A, RB		4.00%		11/15/2037		600		538,572
Wisconsin (State of) Public Finance Authority (Bancroft Neurohealth);
Series 2016 A, RB(d)		5.00%		06/01/2025		1,650		1,633,464
Series 2016 A, RB(d)		4.63%		06/01/2036		160		140,340
Wisconsin (State of) Public Finance Authority (Beyond Boone, LLC - Appalachian State University); Series 2019 A, RB (INS - AGM)(b)		5.00%		07/01/2034		800		850,656
Wisconsin (State of) Public Finance Authority (City of Boynton Beach, Florida Municipal Improvements); Series 2018, RB		5.00%		07/01/2035		2,000		2,134,407
Wisconsin (State of) Public Finance Authority (Community School of Davidson); Series 2018, RB		5.00%		10/01/2033		390		382,268
Wisconsin (State of) Public Finance Authority (Explore Academy);
Series 2020 A, RB(d)		6.13%		02/01/2039		500		444,927
Series 2022 A, RB(d)		6.13%		02/01/2039		485		431,579
Wisconsin (State of) Public Finance Authority (Goodwill Industries of Southern Nevada, Inc.); Series 2019 A, RB		5.50%		12/01/2038		1,930		1,686,758
Wisconsin (State of) Public Finance Authority (Mallard Creek Stem Academy); Series 2019 A, RB(d)		4.38%		06/15/2029		1,555		1,488,953
Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center); Series 2018 A-1, RB(d)		6.25%		01/01/2038		3,250		1,998,750
Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.); Series 2018 A, RB		5.20%		12/01/2037		4,000		4,043,877
Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences); Series 2015, Ref. RB		5.00%		04/01/2025		440		440,436
Wisconsin (State of) Public Finance Authority (Southminster); Series 2018, RB(d)		5.00%		10/01/2043		500		434,081
Wisconsin (State of) Public Finance Authority (Wingate University); Series 2018 A, Ref. RB		5.25%		10/01/2038		1,000		1,000,601
Wisconsin (State of) Public Finance Authority (Wittenberg University); Series 2016, RB(d)		4.13%		12/01/2024		980		960,268
WPPI Energy; Series 2014 A, Ref. RB		5.00%		07/01/2026		1,520		1,531,557
								37,906,887
TOTAL INVESTMENTS IN SECURITIES(o)–99.69% (Cost $1,984,828,646)								1,941,975,045
FLOATING RATE NOTE OBLIGATIONS–(0.49)%
Notes with interest and fee rates ranging from 3.85% to 3.86% at 11/30/2023 and contractual maturities of collateral ranging from 06/15/2029 to 06/01/2032(p)								(9,525,000	)
OTHER ASSETS LESS LIABILITIES–0.80%								15,589,815
NET ASSETS–100.00%							$	1,948,039,860

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

Invesco Intermediate Term Municipal Income Fund

Investment Abbreviations:

AGM	– Assured Guaranty Municipal Corp.
AMBAC	– American Municipal Bond Assurance Corp.
BAM	– Build America Mutual Assurance Co.
CEP	– Credit Enhancement Provider
COP	– Certificates of Participation
Ctfs.	– Certificates
GNMA	– Government National Mortgage Association
GO	– General Obligation
IDR	– Industrial Development Revenue Bonds
INS	– Insurer
LOC	– Letter of Credit
NATL	– National Public Finance Guarantee Corp.
PCR	– Pollution Control Revenue Bonds
RAC	– Revenue Anticipation Certificates
RB	– Revenue Bonds
Ref.	– Refunding
RN	– Revenue Notes
SGI	– Syncora Guarantee, Inc.
SIFMA	– Securities Industry and Financial Markets Association
VRD	– Variable Rate Demand
Wts.	– Warrants

Notes to Schedule of Investments:

^(a)  Security subject to the alternative minimum tax.

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

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

^(d)  Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2023 was $145,113,244, which represented 7.45% of the Fund’s Net Assets.

^(e)  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, 2023 was $7,865,661, which represented less than 1% of the Fund’s Net Assets.

^(f)  Restricted security. The aggregate value of these securities at November 30, 2023 was $5,025,190, which represented less than 1% of the Fund’s Net Assets.

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

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

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

^(j)  Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2023.

^(k)  Security is subject to a reimbursement agreement which may require the Fund to pay amounts to a counterparty in the event of a significant decline in the market value of the security underlying the TOB Trusts. In case of a shortfall, the maximum potential amount of payments the Fund could ultimately be required to make under the agreement is $4,330,000. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the TOB Trusts.

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

^(m)  Demand security payable upon demand by the Fund at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically by the issuer or agent based on current market conditions. Rate shown is the rate in effect on November 30, 2023.

⁽ⁿ⁾  Convertible capital appreciation bond. The interest rate shown represents the coupon rate at which the bond will accrue at a specified future date.

^(o)  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 obligations but may be called upon to satisfy issuer’s obligations. No concentration of any single entity was greater than 5% each.

^(p)  Floating rate note obligations related to securities held. The interest and fee rates shown reflect the rates in effect at November 30, 2023. At November 30, 2023, the Fund’s investments with a value of $15,272,134 are held by TOB Trusts and serve as collateral for the $9,525,000 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 Intermediate Term Municipal Income Fund

Notes to Quarterly Schedule of Portfolio Holdings

November 30, 2023

(Unaudited)

NOTE 1–Additional Valuation Information

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

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

The following is a summary of the tiered valuation input levels, as of November 30, 2023. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

	Level 1		Level 2		Level 3		Total
Investments in Securities
Municipal Obligations		$–		$1,941,975,045		$–		$1,941,975,045
Other Investments - Assets
Investments Matured		–		596		–		596
Total Investments		$–		$1,941,975,641		$–		$1,941,975,641

Invesco Intermediate Term Municipal Income Fund