Schedule of Investments(a)
November 30, 2022
(Unaudited)
  Principal
Amount 		Value
U.S. Dollar Denominated Bonds & Notes–68.74%
Advertising–0.20%
Interpublic Group of Cos., Inc. (The), 4.20%, 04/15/2024    $2,107,000     $2,065,738
WPP Finance 2010 (United Kingdom), 3.75%, 09/19/2024    2,695,000     2,605,393
      4,671,131
Aerospace & Defense–0.89%
Boeing Co. (The),                         
2.75%, 02/01/2026(b)    5,067,000     4,692,513
2.20%, 02/04/2026    3,361,000     3,056,689
Huntington Ingalls Industries, Inc., 3.84%, 05/01/2025    5,714,000     5,514,954
Lockheed Martin Corp., 4.95%, 10/15/2025(b)    3,657,000     3,702,146
Textron, Inc., 4.30%, 03/01/2024    3,906,000     3,861,799
      20,828,101
Agricultural & Farm Machinery–0.91%
Cargill, Inc.,                         
4.88%, 10/10/2025(c)    4,267,000     4,271,159
3.63%, 04/22/2027(c)    1,347,000     1,300,728
CNH Industrial Capital LLC,                         
3.95%, 05/23/2025    4,846,000     4,716,764
5.45%, 10/14/2025    5,684,000     5,750,860
John Deere Capital Corp., 4.55%, 10/11/2024    5,266,000     5,260,440
      21,299,951
Airlines–1.68%
American Airlines Pass-Through Trust, Series 2021-1, Class B, 3.95%, 07/11/2030    3,254,000     2,665,245
British Airways Pass-Through Trust (United Kingdom), Series 2019-1, Class A, 3.35%, 06/15/2029(c)      812,380       701,306
Delta Air Lines Pass-Through Trust, Series 2019-1, Class A, 3.40%, 04/25/2024    1,155,000     1,094,044
Delta Air Lines, Inc./SkyMiles IP Ltd., 4.50%, 10/20/2025(c)   26,177,000    25,513,087
United Airlines Pass-Through Trust,                         
Series 2016-2, Class B, 3.65%, 10/07/2025    1,990,866     1,750,732
Series 2020-1, Class A, 5.88%, 10/15/2027    6,253,513     6,189,254
United Airlines, Inc., 4.38%, 04/15/2026(c)    1,404,000     1,308,563
      39,222,231
Apparel Retail–0.34%
Ross Stores, Inc., 4.60%, 04/15/2025    8,029,000     7,999,856
Apparel, Accessories & Luxury Goods–0.13%
Hanesbrands, Inc., 4.63%, 05/15/2024(c)    3,232,000     3,141,229
  Principal
Amount 		Value
Application Software–0.19%
Open Text Corp. (Canada), 6.90%, 12/01/2027(c)      $838,000       $840,061
Workday, Inc., 3.50%, 04/01/2027(b)    3,817,000     3,610,517
      4,450,578
Asset Management & Custody Banks–1.52%
Ameriprise Financial, Inc., 3.00%, 04/02/2025      631,000       606,436
Apollo Management Holdings L.P., 4.95%, 01/14/2050(c)(d)    2,350,000     1,992,807
Bank of New York Mellon Corp. (The),                         
5.22%, 11/21/2025(d)    4,167,000     4,170,928
4.41%, 07/24/2026(d)    5,580,000     5,504,231
5.80%, 10/25/2028(b)(d)    4,242,000     4,402,778
Blackstone Secured Lending Fund, 2.75%, 09/16/2026(b)    7,675,000     6,809,914
Hercules Capital, Inc.,                         
2.63%, 09/16/2026    1,035,000       876,652
3.38%, 01/20/2027    2,535,000     2,162,164
Northern Trust Corp., 4.00%, 05/10/2027(b)    6,706,000     6,572,690
State Street Corp., 5.75%, 11/04/2026(b)(d)    2,383,000     2,434,687
      35,533,287
Automobile Manufacturers–5.64%
Ford Motor Credit Co. LLC,                         
2.30%, 02/10/2025   29,538,000    27,133,902
2.70%, 08/10/2026   10,647,000     9,303,743
General Motors Financial Co., Inc.,                         
4.88% (SOFR + 1.30%), 04/07/2025(e)    9,352,000     9,092,458
6.05%, 10/10/2025    8,783,000     8,865,915
5.00%, 04/09/2027    3,511,000     3,435,632
Harley-Davidson Financial Services, Inc., 3.35%, 06/08/2025(c)    2,016,000     1,898,686
Hyundai Capital America,                         
5.75%, 04/06/2023(c)    7,029,000     7,038,173
5.88%, 04/07/2025(b)(c)    5,895,000     5,906,049
Kia Corp. (South Korea), 2.75%, 02/14/2027(c)    3,555,000     3,132,203
Nissan Motor Acceptance Co. LLC, 1.13%, 09/16/2024(c)    4,614,000     4,179,984
Nissan Motor Co. Ltd. (Japan), 3.04%, 09/15/2023(c)    3,933,000     3,844,568
PACCAR Financial Corp., 4.95%, 10/03/2025    5,906,000     5,956,071
Toyota Motor Credit Corp.,                         
4.40%, 09/20/2024   14,999,000    14,919,716
3.65%, 08/18/2025    7,486,000     7,300,324
4.55%, 09/20/2027(b)    9,283,000     9,221,603
Volkswagen Group of America Finance LLC (Germany),                         
4.78% (SOFR + 0.95%), 06/07/2024(c)(e)    8,710,000     8,663,309
4.35%, 06/08/2027(c)    1,540,000     1,491,762
      131,384,098
 
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Bond Fund
  Principal
Amount 		Value
Automotive Retail–0.37%
AutoZone, Inc., 3.63%, 04/15/2025(b)    $3,239,000     $3,152,297
Lithia Motors, Inc., 4.63%, 12/15/2027(c)    6,000,000     5,559,960
      8,712,257
Broadcasting–0.05%
Fox Corp.,                         
4.03%, 01/25/2024    1,120,000     1,105,390
3.05%, 04/07/2025      152,000       145,482
      1,250,872
Cable & Satellite–0.37%
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 4.50%, 02/01/2024    3,510,000     3,471,170
Comcast Corp.,                         
5.25%, 11/07/2025(b)    1,210,000     1,231,074
3.30%, 04/01/2027    2,568,000     2,439,475
Sirius XM Radio, Inc., 3.13%, 09/01/2026(c)    1,595,000     1,441,944
      8,583,663
Computer & Electronics Retail–0.44%
Dell International LLC/EMC Corp.,                         
4.00%, 07/15/2024    7,719,000     7,574,367
5.85%, 07/15/2025(b)    1,899,000     1,930,234
Leidos, Inc., 3.63%, 05/15/2025      873,000       842,095
      10,346,696
Construction Machinery & Heavy Trucks–1.05%
Caterpillar Financial Services Corp., 4.90%, 01/17/2025(b)   15,000,000    15,056,101
Daimler Trucks Finance North America LLC (Germany), 3.65%, 04/07/2027(c)    1,522,000     1,416,096
Komatsu Finance America, Inc., 5.50%, 10/06/2027(b)(c)    4,365,000     4,454,940
Wabtec Corp., 4.40%, 03/15/2024    3,511,000     3,455,391
      24,382,528
Consumer Finance–1.19%
American Express Co.,                         
3.38%, 05/03/2024    2,948,000     2,890,877
3.95%, 08/01/2025(b)   10,662,000    10,447,233
Capital One Financial Corp.,                         
3.20%, 01/30/2023    1,635,000     1,630,733
4.17%, 05/09/2025(d)   10,038,000     9,769,704
Synchrony Financial, 4.25%, 08/15/2024    3,019,000     2,946,219
      27,684,766
Copper–0.79%
Freeport-McMoRan, Inc.,                         
4.55%, 11/14/2024    5,496,000     5,437,138
4.38%, 08/01/2028   14,243,000    13,099,582
      18,536,720
Data Processing & Outsourced Services–0.90%
Block, Inc., 2.75%, 06/01/2026(b)    6,014,000     5,381,989
  Principal
Amount 		Value
Data Processing & Outsourced Services–(continued)
Fidelity National Information Services, Inc., 4.50%, 07/15/2025(b)    $9,077,000     $8,950,169
Fiserv, Inc., 3.80%, 10/01/2023    2,629,000     2,599,476
Global Payments, Inc., 4.00%, 06/01/2023    4,186,000     4,154,653
      21,086,287
Distillers & Vintners–0.59%
Constellation Brands, Inc.,                         
3.60%, 05/09/2024    7,499,000     7,354,656
4.35%, 05/09/2027(b)    6,647,000     6,501,806
      13,856,462
Diversified Banks–13.58%
Australia and New Zealand Banking Group Ltd. (Australia), 5.09%, 12/08/2025    3,871,000     3,905,166
Banco Santander S.A. (Spain), 5.15%, 08/18/2025(b)    7,000,000     6,960,290
Bank of America Corp.,                         
3.00%, 12/20/2023(d)    1,081,000     1,079,748
3.86%, 07/23/2024(d)    3,219,000     3,186,207
2.55%, 02/04/2028(b)(d)    2,881,000     2,579,233
Bank of Montreal (Canada),                         
Series E, 3.30%, 02/05/2024(b)    1,307,000     1,283,384
3.70%, 06/07/2025    4,569,000     4,455,417
Barclays PLC (United Kingdom), 5.30%, 08/09/2026(d)   14,243,000    14,013,639
BBVA Bancomer S.A. (Mexico), 1.88%, 09/18/2025(c)    2,970,000     2,698,572
Citigroup, Inc.,                         
4.14%, 05/24/2025(b)(d)   14,243,000    13,983,797
4.99% (3 mo. USD LIBOR + 1.25%), 07/01/2026(e)   14,536,000    14,349,004
5.61%, 09/29/2026(b)(d)    9,234,000     9,268,889
Series V, 4.70%(d)(f)    3,790,000     3,203,952
Citizens Bank N.A.,                         
4.12%, 05/23/2025(d)   14,243,000    14,020,689
6.06%, 10/24/2025(d)    9,016,000     9,121,168
Danske Bank A/S (Denmark),                         
4.30% (3 mo. USD LIBOR + 1.06%), 09/12/2023(c)(e)    5,898,000     5,896,895
3.24%, 12/20/2025(c)(d)    1,579,000     1,472,681
Federation des Caisses Desjardins du Quebec (Canada), 4.40%, 08/23/2025(b)(c)   14,000,000    13,683,476
HSBC Holdings PLC (United Kingdom),                         
3.95%, 05/18/2024(d)    2,162,000     2,136,899
4.41% (SOFR + 0.58%), 11/22/2024(e)    1,518,000     1,480,423
4.18%, 12/09/2025(d)   14,243,000    13,725,408
3.00%, 03/10/2026(d)    4,826,000     4,506,164
7.34%, 11/03/2026(d)   10,000,000    10,447,120
HSBC USA, Inc., 3.75%, 05/24/2024(b)   10,662,000    10,471,523
ING Groep N.V. (Netherlands),                         
4.49% (SOFR + 1.01%), 04/01/2027(e)    4,979,000     4,681,334
6.50%(b)(d)(f)    7,693,000     7,248,460
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Bond Fund
  Principal
Amount 		Value
Diversified Banks–(continued)
JPMorgan Chase & Co.,                         
4.08%, 04/26/2026(b)(d)   $10,386,000    $10,127,766
5.06% (SOFR + 1.32%), 04/26/2026(e)    5,905,000     5,852,069
Series HH, 4.60%(d)(f)    5,180,000     4,610,200
KeyBank N.A., 4.15%, 08/08/2025(b)    7,358,000     7,205,114
Manufacturers and Traders Trust Co., 5.40%, 11/21/2025    8,720,000     8,763,336
Mitsubishi UFJ Financial Group, Inc. (Japan), 5.06%, 09/12/2025(d)    8,400,000     8,352,712
Mizuho Financial Group Cayman 3 Ltd. (Japan), 4.60%, 03/27/2024(c)    6,172,000     6,066,675
National Australia Bank Ltd. (Australia), 3.50%, 06/09/2025(b)    7,109,000     6,914,936
Natwest Group PLC (United Kingdom), 7.47%, 11/10/2026(d)    3,601,000     3,753,791
NatWest Group PLC (United Kingdom), 5.52%, 09/30/2028(d)    1,900,000     1,868,352
Nordea Bank Abp (Finland),                         
3.60%, 06/06/2025(c)    8,147,000     7,899,205
4.75%, 09/22/2025(c)   15,000,000    14,941,918
5.38%, 09/22/2027(b)(c)    3,672,000     3,687,970
6.63%(c)(d)(f)    3,278,000     3,238,551
Skandinaviska Enskilda Banken AB (Sweden), 3.70%, 06/09/2025(c)   10,662,000    10,323,941
Svenska Handelsbanken AB (Sweden), 3.65%, 06/10/2025(b)(c)    6,931,000     6,718,629
Swedbank AB (Sweden), 3.36%, 04/04/2025(c)    1,692,000     1,620,636
Toronto-Dominion Bank (The) (Canada), 3.77%, 06/06/2025   10,662,000    10,381,020
U.S. Bancorp, 5.73%, 10/21/2026(d)    8,167,000     8,346,598
Wells Fargo & Co., 4.54%, 08/15/2026(d)    6,203,000     6,080,014
      316,612,971
Diversified Capital Markets–2.32%
Credit Suisse AG (Switzerland),                         
6.50%, 08/08/2023(c)    1,871,000     1,758,577
4.75%, 08/09/2024(b)   15,000,000    14,145,121
3.70%, 02/21/2025    9,123,000     8,311,244
2.95%, 04/09/2025    1,057,000       941,263
Credit Suisse Group AG (Switzerland),                         
2.59%, 09/11/2025(c)(d)    2,372,000     2,102,526
6.37%, 07/15/2026(c)(d)   11,485,000    10,656,937
Deutsche Bank AG (Germany), 3.96%, 11/26/2025(d)    4,073,000     3,853,664
OWL Rock Core Income Corp., 4.70%, 02/08/2027    3,366,000     3,047,586
UBS Group AG (Switzerland), 4.49%, 05/12/2026(c)(d)    9,401,000     9,165,400
      53,982,318
  Principal
Amount 		Value
Diversified Chemicals–0.49%
Celanese US Holdings LLC,                         
3.50%, 05/08/2024(b)    $2,629,000     $2,550,900
5.90%, 07/05/2024    8,943,000     8,891,453
      11,442,353
Diversified REITs–0.88%
VICI Properties L.P., 4.38%, 05/15/2025    6,647,000     6,404,876
VICI Properties L.P./VICI Note Co., Inc., 5.63%, 05/01/2024(c)   14,243,000    14,122,985
      20,527,861
Diversified Support Services–0.06%
Cintas Corp. No. 2, 3.45%, 05/01/2025(b)    1,457,000     1,415,945
Education Services–0.22%
Grand Canyon University, 3.25%, 10/01/2023    5,117,000     5,053,037
Electric Utilities–3.70%
Alliant Energy Finance LLC, 3.75%, 06/15/2023(c)    3,350,000     3,323,169
Constellation Energy Generation LLC, 3.25%, 06/01/2025    1,969,000     1,891,753
Duke Energy Corp., 4.30%, 03/15/2028    2,826,000     2,725,381
EDP Finance B.V. (Portugal), 3.63%, 07/15/2024(c)    2,647,000     2,560,612
Enel Finance International N.V. (Italy), 6.80%, 10/14/2025(c)    3,327,000     3,447,693
Eversource Energy, 2.90%, 03/01/2027    7,107,000     6,524,998
Fells Point Funding Trust, 3.05%, 01/31/2027(c)    7,581,000     6,905,529
Mercury Chile Holdco LLC (Chile), 6.50%, 01/24/2027(c)    4,412,000     3,910,135
NextEra Energy Capital Holdings, Inc.,                         
4.20%, 06/20/2024    6,647,000     6,557,716
4.26%, 09/01/2024    8,329,000     8,224,865
4.45%, 06/20/2025(b)    4,747,000     4,719,990
NextEra Energy Operating Partners L.P., 4.25%, 09/15/2024(c)      375,000       354,915
NRG Energy, Inc., 3.75%, 06/15/2024(c)    2,791,000     2,698,724
Pacific Gas and Electric Co., 3.25%, 02/16/2024   14,738,000    14,296,958
Southern Co. (The),                         
4.48%, 08/01/2024(g)    9,496,000     9,357,349
5.15%, 10/06/2025    2,585,000     2,603,746
Series 21-A, 3.75%, 09/15/2051(d)    2,500,000     2,011,625
Tampa Electric Co., 3.88%, 07/12/2024(b)    2,357,000     2,303,665
Vistra Operations Co. LLC, 3.55%, 07/15/2024(c)    1,970,000     1,889,791
      86,308,614
Financial Exchanges & Data–0.17%
Intercontinental Exchange, Inc., 4.00%, 09/15/2027    3,971,000     3,888,159
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Bond Fund
  Principal
Amount 		Value
Food Retail–0.12%
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s L.P./Albertson’s LLC, 3.50%, 02/15/2023(c)    $2,922,000     $2,911,101
General Merchandise Stores–0.25%
Dollar General Corp., 4.25%, 09/20/2024(b)    5,816,000     5,731,964
Health Care Equipment–0.04%
Becton, Dickinson and Co., 3.36%, 06/06/2024      881,000       860,860
Health Care Facilities–0.15%
HCA, Inc., 5.38%, 02/01/2025    3,567,000     3,562,798
Health Care REITs–0.22%
Ventas Realty L.P., 2.65%, 01/15/2025    1,923,000     1,816,789
Welltower, Inc., 3.63%, 03/15/2024    3,287,000     3,221,567
      5,038,356
Homebuilding–0.48%
Lennar Corp., 4.88%, 12/15/2023    4,748,000     4,722,534
Meritage Homes Corp., 6.00%, 06/01/2025    6,000,000     5,958,794
Toll Brothers Finance Corp., 4.88%, 11/15/2025(b)      477,000       458,353
      11,139,681
Hotels, Resorts & Cruise Lines–0.53%
Expedia Group, Inc., 4.63%, 08/01/2027   12,869,000    12,441,788
Industrial Machinery–0.14%
Weir Group PLC (The) (United Kingdom), 2.20%, 05/13/2026(c)    3,757,000     3,323,305
Insurance Brokers–0.08%
Marsh & McLennan Cos., Inc., 3.88%, 03/15/2024    1,894,000     1,869,143
Integrated Oil & Gas–0.46%
BP Capital Markets PLC (United Kingdom), 4.38%(d)(f)    2,849,000     2,717,234
Gray Oak Pipeline LLC, 2.60%, 10/15/2025(c)    5,056,000     4,592,404
Occidental Petroleum Corp., 6.95%, 07/01/2024    3,305,000     3,354,608
      10,664,246
Integrated Telecommunication Services–0.15%
British Telecommunications PLC (United Kingdom), 4.50%, 12/04/2023    3,571,000     3,541,720
Interactive Home Entertainment–0.58%
Take-Two Interactive Software, Inc.,                         
3.30%, 03/28/2024    4,211,000     4,100,773
3.55%, 04/14/2025    7,109,000     6,859,970
3.70%, 04/14/2027(b)    2,602,000     2,469,661
      13,430,404
  Principal
Amount 		Value
Interactive Media & Services–0.94%
Meta Platforms, Inc., 3.50%, 08/15/2027(b)(c)    $8,581,000     $8,069,716
Tencent Holdings Ltd. (China),                         
2.99%, 01/19/2023(c)    4,039,000     4,027,965
3.28%, 04/11/2024(c)   10,000,000     9,726,963
      21,824,644
Internet & Direct Marketing Retail–0.24%
Prosus N.V. (China), 3.26%, 01/19/2027(c)    6,310,000     5,551,840
Internet Services & Infrastructure–0.10%
VeriSign, Inc.,                         
5.25%, 04/01/2025    1,764,000     1,773,002
4.75%, 07/15/2027      554,000       542,937
      2,315,939
Investment Banking & Brokerage–1.29%
Goldman Sachs Group, Inc. (The),                         
5.70%, 11/01/2024    4,853,000     4,913,560
3.99% (SOFR + 0.79%), 12/09/2026(b)(e)    9,326,000     8,949,819
4.01% (SOFR + 0.81%), 03/09/2027(b)(e)    9,157,000     8,728,808
4.04% (SOFR + 0.82%), 09/10/2027(e)      752,000       710,473
2.64%, 02/24/2028(d)    1,876,000     1,674,895
National Securities Clearing Corp., 5.10%, 11/21/2027(c)    5,113,000     5,181,058
      30,158,613
Life & Health Insurance–1.74%
Athene Global Funding, 2.95%, 11/12/2026(c)    3,126,000     2,813,883
Delaware Life Global Funding, Series 22-1, 3.31%, 03/10/2025(c)    6,041,000     5,665,250
Five Corners Funding Trust, 4.42%, 11/15/2023(c)    6,172,000     6,113,887
GA Global Funding Trust, 3.85%, 04/11/2025(c)   10,662,000    10,209,849
Northwestern Mutual Global Funding,                         
4.00%, 07/01/2025(c)   10,422,000    10,192,747
4.35%, 09/15/2027(b)(c)    5,593,000     5,486,990
      40,482,606
Life Sciences Tools & Services–0.24%
Thermo Fisher Scientific, Inc., 4.80%, 11/21/2027    5,625,000     5,679,610
Managed Health Care–0.80%
Elevance Health, Inc., 5.35%, 10/15/2025    7,000,000     7,104,276
Humana, Inc., 2.90%, 12/15/2022    1,616,000     1,614,944
UnitedHealth Group, Inc.,                         
5.00%, 10/15/2024(b)    5,735,000     5,769,518
5.15%, 10/15/2025(b)    3,998,000     4,064,490
      18,553,228
Metal & Glass Containers–0.04%
Ball Corp., 4.88%, 03/15/2026      846,000       821,838
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Bond Fund
  Principal
Amount 		Value
Movies & Entertainment–1.64%
Magallanes, Inc.,                         
3.53%, 03/15/2024(c)    $4,721,000     $4,572,108
3.64%, 03/15/2025(c)    2,954,000     2,822,498
Netflix, Inc.,                         
5.75%, 03/01/2024(b)    6,120,000     6,138,666
5.88%, 02/15/2025    5,000,000     5,057,782
4.38%, 11/15/2026   10,000,000     9,667,474
Warnermedia Holdings, Inc.,                         
3.43%, 03/15/2024(c)    3,294,000     3,199,280
3.79%, 03/15/2025(c)    7,109,000     6,797,576
      38,255,384
Multi-Utilities–0.66%
Algonquin Power & Utilities Corp. (Canada), 4.75%, 01/18/2082(b)(d)    6,396,000     5,256,745
Dominion Energy, Inc., 3.07%, 08/15/2024(g)    1,946,000     1,881,684
WEC Energy Group, Inc.,                         
5.00%, 09/27/2025    6,044,000     6,074,811
5.15%, 10/01/2027(b)    2,095,000     2,125,755
      15,338,995
Office REITs–0.41%
Office Properties Income Trust,                         
4.25%, 05/15/2024    9,131,000     8,350,022
2.65%, 06/15/2026    1,485,000     1,108,330
      9,458,352
Oil & Gas Equipment & Services–0.21%
Enerflex Ltd. (Canada), 9.00%, 10/15/2027(c)    2,240,000     2,215,640
Schlumberger Holdings Corp., 3.75%, 05/01/2024(c)    2,761,000     2,715,094
      4,930,734
Oil & Gas Exploration & Production–1.28%
Apache Corp., 7.75%, 12/15/2029    2,027,000     2,093,753
Devon Energy Corp.,                         
5.25%, 10/15/2027    8,657,000     8,691,612
5.88%, 06/15/2028(b)    9,496,000     9,504,404
EQT Corp.,                         
5.68%, 10/01/2025    5,855,000     5,845,983
3.13%, 05/15/2026(c)    1,230,000     1,136,810
Galaxy Pipeline Assets Bidco Ltd. (United Arab Emirates), 2.16%, 03/31/2034(c)    2,930,247     2,482,410
      29,754,972
Oil & Gas Refining & Marketing–0.02%
Phillips 66, 3.70%, 04/06/2023      578,000       576,646
Oil & Gas Storage & Transportation–3.00%
Enbridge, Inc. (Canada), 4.46% (SOFR + 0.63%), 02/16/2024(e)    4,330,000     4,288,458
Energy Transfer L.P.,                         
4.25%, 03/15/2023    2,774,000     2,765,446
5.88%, 01/15/2024    3,596,000     3,610,862
2.90%, 05/15/2025    1,718,000     1,621,706
5.50%, 06/01/2027   28,060,000    28,036,120
  Principal
Amount 		Value
Oil & Gas Storage & Transportation–(continued)
Enterprise Products Operating LLC, Series D, 7.63% (3 mo. USD LIBOR + 2.99%), 08/16/2077(b)(e)    $2,375,000     $2,181,326
Kinder Morgan, Inc., 3.15%, 01/15/2023    1,323,000     1,320,485
ONEOK Partners L.P., 4.90%, 03/15/2025    3,950,000     3,911,693
ONEOK, Inc., 5.85%, 01/15/2026    3,528,000     3,579,777
Plains All American Pipeline L.P./PAA Finance Corp., 3.85%, 10/15/2023    2,760,000     2,723,656
Tennessee Gas Pipeline Co. LLC, 7.00%, 10/15/2028   14,927,000    16,011,440
      70,050,969
Other Diversified Financial Services–0.68%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland),                         
1.65%, 10/29/2024    4,722,000     4,346,776
2.45%, 10/29/2026    2,860,000     2,516,155
Corebridge Financial, Inc., 3.50%, 04/04/2025(c)    7,109,000     6,812,410
Equitable Holdings, Inc., 3.90%, 04/20/2023    2,135,000     2,126,328
      15,801,669
Packaged Foods & Meats–0.58%
Conagra Brands, Inc., 4.30%, 05/01/2024    3,601,000     3,558,841
General Mills, Inc., 5.24%, 11/18/2025   10,000,000    10,014,484
      13,573,325
Paper Packaging–0.58%
Berry Global, Inc.,                         
4.88%, 07/15/2026(c)    5,744,000     5,518,720
1.65%, 01/15/2027    5,640,000     4,763,132
Packaging Corp. of America, 3.65%, 09/15/2024    2,303,000     2,248,613
Sealed Air Corp., 5.50%, 09/15/2025(c)      938,000       931,992
      13,462,457
Personal Products–0.47%
GSK Consumer Healthcare Capital US LLC,                         
3.02%, 03/24/2024    9,352,000     9,081,639
3.38%, 03/24/2027    1,932,000     1,804,599
      10,886,238
Pharmaceuticals–0.56%
Bayer US Finance II LLC, 3.88%, 12/15/2023(c)    3,649,000     3,591,605
Mylan, Inc., 3.13%, 01/15/2023(c)    1,693,000     1,687,327
Takeda Pharmaceutical Co. Ltd. (Japan), 4.40%, 11/26/2023    1,197,000     1,188,185
Zoetis, Inc., 5.40%, 11/14/2025    6,594,000     6,695,420
      13,162,537
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Bond Fund
  Principal
Amount 		Value
Real Estate Development–0.13%
Agile Group Holdings Ltd. (China),                         
5.75%, 01/02/2025(c)      $202,000        $86,490
6.05%, 10/13/2025(c)    1,650,000       640,596
5.50%, 05/17/2026(c)      413,000       157,792
Country Garden Holdings Co. Ltd. (China), 5.40%, 05/27/2025(c)      400,000       193,825
Greentown China Holdings Ltd. (China), 4.70%, 04/29/2025(c)      987,000       854,742
Logan Group Co. Ltd. (China), 4.25%, 07/12/2025(c)    1,059,000       130,925
Sino-Ocean Land Treasure Finance I Ltd. (China), 6.00%, 07/30/2024(c)    1,257,000       545,837
Sino-Ocean Land Treasure IV Ltd. (China), 3.25%, 05/05/2026(c)    1,054,000       399,815
      3,010,022
Regional Banks–2.61%
Banque Federative du Credit Mutuel S.A. (France), 4.52%, 07/13/2025(c)    9,077,000     8,937,889
Citizens Financial Group, Inc., 4.30%, 12/03/2025   11,908,000    11,630,871
Fifth Third Bank N.A., 5.85%, 10/27/2025(d)    8,271,000     8,341,540
KeyCorp, 3.88%, 05/23/2025(d)    2,930,000     2,874,241
PNC Financial Services Group, Inc. (The), 5.67%, 10/28/2025(b)(d)    5,038,000     5,081,121
Santander Holdings USA, Inc., 3.50%, 06/07/2024    2,242,000     2,176,517
Santander UK Group Holdings PLC (United Kingdom), 6.83%, 11/21/2026(d)    4,095,000     4,138,626
Synovus Financial Corp., 5.20%, 08/11/2025    6,710,000     6,624,677
Truist Financial Corp.,                         
4.26%, 07/28/2026(b)(d)    7,457,000     7,325,178
4.12%, 06/06/2028(b)(d)    3,876,000     3,703,510
      60,834,170
Reinsurance–0.26%
Swiss Re America Holding Corp., 7.00%, 02/15/2026(b)    5,800,000     6,148,015
Renewable Electricity–0.14%
Adani Green Energy Ltd. (India), 4.38%, 09/08/2024(c)    3,542,000     3,214,365
Restaurants–0.13%
Aramark Services, Inc., 5.00%, 04/01/2025(c)    3,034,000     2,962,853
Retail REITs–0.24%
Kite Realty Group L.P., 4.00%, 10/01/2026    6,047,000     5,590,895
Semiconductor Equipment–0.16%
NXP B.V./NXP Funding LLC/NXP USA, Inc. (China), 4.40%, 06/01/2027    3,846,000     3,680,704
Semiconductors–0.86%
Broadcom, Inc., 3.46%, 09/15/2026    5,681,000     5,368,603
  Principal
Amount 		Value
Semiconductors–(continued)
Marvell Technology, Inc., 4.20%, 06/22/2023    $3,509,000     $3,489,576
Microchip Technology, Inc.,                         
4.33%, 06/01/2023    3,508,000     3,493,566
4.25%, 09/01/2025    7,910,000     7,700,629
      20,052,374
Sovereign Debt–0.20%
Bahamas Government International Bond (Bahamas), 9.00%, 06/16/2029(c)    5,529,000     4,565,604
Specialized Finance–1.32%
Blackstone Private Credit Fund,                         
2.35%, 11/22/2024    3,264,000     3,010,054
2.70%, 01/15/2025    3,257,000     3,031,234
7.05%, 09/29/2025(c)    2,812,000     2,819,504
2.63%, 12/15/2026    3,977,000     3,381,297
IP Lending VII Ltd. (Bermuda), Series 2022-7A, Class SNR, 8.00%, 10/11/2027(c)(h)    8,658,000     8,658,000
National Rural Utilities Cooperative Finance Corp.,                         
3.45%, 06/15/2025(b)    3,220,000     3,107,784
5.45%, 10/30/2025    6,729,000     6,833,723
      30,841,596
Specialized REITs–0.08%
American Tower Corp., 3.00%, 06/15/2023    2,008,000     1,983,461
Specialty Chemicals–0.41%
Sasol Financing USA LLC (South Africa), 4.38%, 09/18/2026    7,859,000     7,140,845
Sherwin-Williams Co. (The), 4.25%, 08/08/2025(b)    2,373,000     2,339,157
      9,480,002
Steel–0.69%
ArcelorMittal S.A. (Luxembourg),                         
3.60%, 07/16/2024    3,162,000     3,071,929
6.55%, 11/29/2027    7,879,000     7,951,469
POSCO (South Korea), 2.38%, 01/17/2023(c)    5,021,000     5,002,454
      16,025,852
Systems Software–0.17%
Oracle Corp., 5.80%, 11/10/2025(b)    3,828,000     3,922,246
Tobacco–1.08%
Imperial Brands Finance PLC (United Kingdom), 3.13%, 07/26/2024(c)    1,988,000     1,897,064
Philip Morris International, Inc.,                         
5.13%, 11/15/2024   13,913,000    13,915,684
5.00%, 11/17/2025(b)    6,078,000     6,075,610
5.13%, 11/17/2027    3,200,000     3,208,391
      25,096,749
Trading Companies & Distributors–0.79%
Air Lease Corp.,                         
2.30%, 02/01/2025    1,685,000     1,569,593
1.88%, 08/15/2026    2,972,000     2,599,973
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Bond Fund
  Principal
Amount 		Value
Trading Companies & Distributors–(continued)
Aircastle Ltd., 5.00%, 04/01/2023   $14,243,000    $14,196,160
      18,365,726
Trucking–0.99%
Penske Truck Leasing Co. L.P./PTL Finance Corp.,                         
3.45%, 07/01/2024(c)    2,334,000     2,250,897
4.00%, 07/15/2025(c)    4,277,000     4,103,462
4.40%, 07/01/2027(c)    3,107,000     2,958,609
Ryder System, Inc.,                         
4.63%, 06/01/2025    5,428,000     5,352,623
4.30%, 06/15/2027(b)    2,100,000     1,978,883
Triton Container International Ltd. (Bermuda), 2.05%, 04/15/2026(c)    7,407,000     6,443,290
      23,087,764
Wireless Telecommunication Services–1.13%
Rogers Communications, Inc. (Canada), 3.63%, 12/15/2025    9,755,000     9,288,978
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC, 4.74%, 03/20/2025(c)    7,288,750     7,198,169
T-Mobile USA, Inc.,                         
2.25%, 02/15/2026    4,316,000     3,956,984
2.63%, 04/15/2026    3,619,000     3,323,051
VEON Holdings B.V. (Netherlands), 4.00%, 04/09/2025(c)    3,001,000     2,595,865
      26,363,047
Total U.S. Dollar Denominated Bonds & Notes (Cost $1,672,170,540) 1,602,583,378
Asset-Backed Securities–28.17%
American Credit Acceptance Receivables Trust, Series 2019-2, Class D, 3.41%, 06/12/2025(c)      828,741       826,065
AmeriCredit Automobile Receivables Trust,                         
Series 2018-3, Class C, 3.74%, 10/18/2024    1,265,808     1,264,287
Series 2019-2, Class C, 2.74%, 04/18/2025    1,236,717     1,222,950
Series 2019-2, Class D, 2.99%, 06/18/2025    3,700,000     3,586,956
Series 2019-3, Class D, 2.58%, 09/18/2025    1,830,000     1,746,947
Angel Oak Mortgage Trust,                         
Series 2020-1, Class A1, 2.16%, 12/25/2059(c)(i)      869,478       815,147
Series 2020-3, Class A1, 1.69%, 04/25/2065(c)(i)    2,765,590     2,525,623
Series 2020-5, Class A1, 1.37%, 05/25/2065(c)(i)    1,678,118     1,491,096
Series 2021-3, Class A1, 1.07%, 05/25/2066(c)(i)    3,332,425     2,610,184
Series 2021-7, Class A1, 1.98%, 10/25/2066(c)(i)   11,689,672     9,380,500
Series 2022-1, Class A1, 2.88%, 12/25/2066(c)(g)    7,093,932     6,216,263
Angel Oak Mortgage Trust I LLC, Series 2018-3, Class A1, 3.65%, 09/25/2048(c)(i)       57,194        56,933
  Principal
Amount 		Value
Avis Budget Rental Car Funding (AESOP) LLC, Series 2022-5A, Class A, 6.12%, 04/20/2027(c)   $19,000,000    $18,993,274
Bain Capital Credit CLO Ltd., Series 2017-2A, Class AR2, 5.54% (3 mo. USD LIBOR + 1.18%), 07/25/2034(c)(e)   11,812,000    11,481,040
BAMLL Commercial Mortgage Securities Trust, Series 2015-200P, Class A, 3.22%, 04/14/2033(c)   20,000,000    18,513,648
Banc of America Mortgage Trust, Series 2004-D, Class 2A2, 3.05%, 05/25/2034(i)       15,469        14,381
Bayview MSR Opportunity Master Fund Trust,                         
Series 2021-4, Class A3, 3.00%, 10/25/2051(c)(i)    5,910,528     4,961,447
Series 2021-4, Class A4, 2.50%, 10/25/2051(c)(i)    5,909,657     4,785,151
Series 2021-4, Class A8, 2.50%, 10/25/2051(c)(i)    5,620,210     4,794,204
Series 2021-5, Class A1, 3.00%, 11/25/2051(c)(i)    6,348,692     5,360,873
Bear Stearns Adjustable Rate Mortgage Trust,                         
Series 2003-6, Class 1A3, 3.86%, 08/25/2033(i)       20,449        19,200
Series 2005-9, Class A1, 0.76% (1 yr. U.S. Treasury Yield Curve Rate + 2.30%), 10/25/2035(e)      107,138        98,776
Series 2006-1, Class A1, 0.65% (1 yr. U.S. Treasury Yield Curve Rate + 2.25%), 02/25/2036(e)      203,450       192,236
Benchmark Mortgage Trust, Series 2018-B1, Class XA, IO, 0.68%, 01/15/2051(j)   20,695,097       391,611
BRAVO Residential Funding Trust, Series 2021-NQM2, Class A1, 0.97%, 03/25/2060(c)(i)    1,753,495     1,648,302
BX Commercial Mortgage Trust,                         
Series 2021-ACNT, Class A, 4.73% (1 mo. USD LIBOR + 0.85%), 11/15/2038(c)(e)    3,455,000     3,318,898
Series 2021-VOLT, Class A, 4.58% (1 mo. USD LIBOR + 0.70%), 09/15/2036(c)(e)    6,565,000     6,293,640
Series 2021-VOLT, Class B, 4.83% (1 mo. USD LIBOR + 0.95%), 09/15/2036(c)(e)   11,325,000    10,608,729
Series 2021-VOLT, Class C, 4.98% (1 mo. USD LIBOR + 1.10%), 09/15/2036(c)(e)    2,795,000     2,597,059
Series 2021-VOLT, Class D, 5.53% (1 mo. USD LIBOR + 1.65%), 09/15/2036(c)(e)    6,464,000     6,044,437
Series 2021-XL2, Class B, 4.87% (1 mo. USD LIBOR + 1.00%), 10/15/2038(c)(e)    2,312,154     2,183,793
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Bond Fund
  Principal
Amount 		Value
BX Trust,                         
Series 2021-LGCY, Class A, 4.38% (1 mo. USD LIBOR + 0.51%), 10/15/2036(c)(e)   $25,000,000    $23,644,793
Series 2022-CLS, Class A, 5.76%, 10/13/2027(c)    2,630,000     2,607,990
Series 2022-LBA6, Class A, 4.79% (1 mo. Term SOFR + 1.00%), 01/15/2039(c)(e)    5,550,000     5,323,709
Series 2022-LBA6, Class B, 5.09% (1 mo. Term SOFR + 1.30%), 01/15/2039(c)(e)    3,435,000     3,263,487
Series 2022-LBA6, Class C, 5.39% (1 mo. Term SOFR + 1.60%), 01/15/2039(c)(e)    1,835,000     1,717,486
CarMax Auto Owner Trust,                         
Series 2018-4, Class C, 3.85%, 07/15/2024    1,170,000     1,169,465
Series 2022-4, Class A4, 5.70%, 07/17/2028   11,274,000    11,400,181
CCG Receivables Trust,                         
Series 2019-2, Class B, 2.55%, 03/15/2027(c)    1,445,000     1,426,660
Series 2019-2, Class C, 2.89%, 03/15/2027(c)      695,000       684,604
CD Mortgage Trust, Series 2017-CD6, Class XA, IO, 1.02%, 11/13/2050(j)    7,943,891       225,977
Cedar Funding IX CLO Ltd., Series 2018-9A, Class A1, 5.22% (3 mo. USD LIBOR + 0.98%), 04/20/2031(c)(e)    5,813,000     5,725,695
Chase Home Lending Mortgage Trust,                         
Series 2019-ATR1, Class A15, 4.00%, 04/25/2049(c)(i)       60,093        56,669
Series 2019-ATR2, Class A3, 3.50%, 07/25/2049(c)(i)    1,763,393     1,581,819
Chase Mortgage Finance Trust, Series 2005-A2, Class 1A3, 3.09%, 01/25/2036(i)      249,680       217,103
CIFC Funding Ltd. (Cayman Islands),                         
Series 2014-5A, Class A1R2, 5.28% (3 mo. USD LIBOR + 1.20%), 10/17/2031(c)(e)    2,390,000     2,355,806
Series 2016-1A, Class ARR, 5.36% (3 mo. USD LIBOR + 1.08%), 10/21/2031(c)(e)    2,424,000     2,366,597
Citigroup Commercial Mortgage Trust,                         
Series 2013-GC17, Class XA, IO, 1.14%, 11/10/2046(j)   10,553,771        58,488
Series 2014-GC21, Class AA, 3.48%, 05/10/2047      256,923       252,591
Series 2017-C4, Class XA, IO, 1.19%, 10/12/2050(j)   20,783,629       738,276
Citigroup Mortgage Loan Trust,                         
Series 2006-AR1, Class 1A1, 3.15% (1 yr. U.S. Treasury Yield Curve Rate + 2.40%), 10/25/2035(e)      444,123       424,988
Series 2021-INV3, Class A3, 2.50%, 05/25/2051(c)(i)    5,994,910     4,870,622
Citigroup Mortgage Loan Trust, Inc., Series 2004-UST1, Class A4, 3.85%, 08/25/2034(i)       71,928        65,485
  Principal
Amount 		Value
COLT Mortgage Loan Trust,                         
Series 2020-2, Class A1, 1.85%, 03/25/2065(c)(i)      $248,355       $243,068
Series 2021-5, Class A1, 1.73%, 11/26/2066(c)(i)    8,853,712     7,270,353
Series 2022-1, Class A1, 2.28%, 12/27/2066(c)(i)    4,343,221     3,680,512
Series 2022-2, Class A1, 2.99%, 02/25/2067(c)(g)    4,278,076     3,788,754
Series 2022-5, Class A1, 4.55%, 04/25/2067(c)(i)   14,453,174    13,755,019
Commercial Mortgage Trust,                         
Series 2012-CR5, Class XA, IO, 1.32%, 12/10/2045(j)    1,947,956            53
Series 2014-CR20, Class ASB, 3.31%, 11/10/2047      275,065       269,607
Countrywide Home Loans Mortgage Pass-Through Trust,                         
Series 2005-17, Class 1A8, 5.50%, 09/25/2035      192,633       163,962
Series 2005-J4, Class A7, 5.50%, 11/25/2035      326,408       265,781
Credit Suisse Mortgage Capital Ctfs., Series 2020-SPT1, Class A1, 1.62%, 04/25/2065(c)(g)      737,402       711,891
Credit Suisse Mortgage Capital Trust,                         
Series 2020-AFC1, Class A1, 2.24%, 02/25/2050(c)(i)    3,866,454     3,565,191
Series 2021-INV1, Class A4, 2.50%, 07/25/2056(c)(i)   14,151,649    12,243,564
Series 2021-NQM1, Class A1, 0.81%, 05/25/2065(c)(i)    1,113,669       993,216
Series 2021-NQM2, Class A1, 1.18%, 02/25/2066(c)(i)    4,669,656     3,932,146
Series 2022-ATH1, Class A1A, 2.87%, 01/25/2067(c)(i)    5,738,387     5,297,681
Series 2022-ATH1, Class A1B, 3.35%, 01/25/2067(c)(i)    2,955,000     2,437,469
Series 2022-ATH2, Class A1, 4.55%, 05/25/2067(c)(i)    6,269,808     6,006,741
Series 2022-NQM4, Class A1A, 4.82%, 06/25/2067(c)(g)    9,848,165     9,518,467
Drive Auto Receivables Trust,                         
Series 2019-3, Class C, 2.90%, 08/15/2025       65,154        65,080
Series 2019-3, Class D, 3.18%, 10/15/2026    2,885,000     2,847,280
Dryden 93 CLO Ltd., Series 2021-93A, Class A1A, 5.16% (3 mo. USD LIBOR + 1.08%), 01/15/2034(c)(e)    1,705,121     1,663,523
Ellington Financial Mortgage Trust,                         
Series 2020-1, Class A1, 2.01%, 05/25/2065(c)(i)      374,754       362,347
Series 2021-1, Class A1, 0.80%, 02/25/2066(c)(i)    1,359,647     1,076,765
Series 2022-1, Class A1, 2.21%, 01/25/2067(c)(i)    4,018,275     3,340,005
Series 2022-3, Class A1, 5.00%, 08/25/2067(c)(g)    5,851,985     5,608,708
Exeter Automobile Receivables Trust,                         
Series 2019-1A, Class D, 4.13%, 12/16/2024(c)    1,439,253     1,436,348
Series 2019-4A, Class D, 2.58%, 09/15/2025(c)    2,784,954     2,733,495
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Bond Fund
  Principal
Amount 		Value
Flagstar Mortgage Trust,                         
Series 2021-11IN, Class A6, 3.70%, 11/25/2051(c)(i)    $9,652,010     $8,301,151
Series 2021-8INV, Class A6, 2.50%, 09/25/2051(c)(i)    2,073,432     1,783,759
FREMF Mortgage Trust,                         
Series 2013-K26, Class C, 3.59%, 12/25/2045(c)(i)      787,638       784,841
Series 2013-K27, Class C, 3.67%, 01/25/2046(c)(i)      530,000       527,943
Series 2013-K28, Class C, 3.58%, 06/25/2046(c)(i)      530,000       525,648
Series 2013-K29, Class C, 3.58%, 05/25/2046(c)(i)    1,915,000     1,889,688
Series 2013-K30, Class C, 3.66%, 06/25/2045(c)(i)      917,000       900,759
Series 2017-K724, Class B, 5.26%, 12/25/2049(c)(i)    1,395,000     1,355,439
GCAT Trust,                         
Series 2019-NQM3, Class A1, 2.69%, 11/25/2059(c)(i)    2,054,818     1,911,570
Series 2020-NQM2, Class A1, 1.56%, 04/25/2065(c)(g)      829,743       743,496
GoldenTree Loan Management US CLO 1 Ltd., Series 2021-9A, Class A, 5.31% (3 mo. USD LIBOR + 1.07%), 01/20/2033(c)(e)    6,000,000     5,861,784
GoldenTree Loan Management US CLO 2 Ltd., Series 2017-2A, Class AR, 5.15% (3 mo. USD LIBOR + 0.91%), 11/20/2030(c)(e)    7,612,000     7,508,073
GoldenTree Loan Management US CLO 5 Ltd., Series 2019-5A, Class AR, 5.31% (3 mo. USD LIBOR + 1.07%), 10/20/2032(c)(e)    7,000,000     6,836,256
Golub Capital Partners CLO 35(B) Ltd., Series 2017-35A, Class AR, 5.43% (3 mo. USD LIBOR + 1.19%), 07/20/2029(c)(e)    8,297,310     8,169,665
GS Mortgage Securities Corp. Trust, Series 2022-SHIP, Class A, 4.53% (1 mo. Term SOFR + 0.73%), 08/15/2036(c)(e)    2,640,000     2,588,901
GS Mortgage Securities Trust, Series 2014-GC18, Class AAB, 3.65%, 01/10/2047      193,742       191,519
GS Mortgage-Backed Securities Trust, Series 2021-INV1, Class A6, 2.50%, 12/25/2051(c)(i)    5,109,245     4,364,017
GSR Mortgage Loan Trust, Series 2005-AR4, Class 6A1, 3.65%, 07/25/2035(i)       44,845        40,937
Hertz Vehicle Financing LLC,                         
Series 2021-1A, Class A, 1.21%, 12/26/2025(c)    1,584,000     1,453,540
Series 2021-1A, Class B, 1.56%, 12/26/2025(c)      700,000       637,937
Hilton Grand Vacations Trust, Series 2019 AA, Class A, 2.34%, 07/25/2033(c)    1,569,910     1,465,255
ICG US CLO Ltd., Series 2016-1A, Class A1RR, 5.66% (3 mo. USD LIBOR + 1.25%), 04/29/2034(c)(e)    3,000,000     2,914,314
  Principal
Amount 		Value
IP Lending II Ltd., Series 2021-2A, Class SNR, 3.65%, 07/15/2025(c)(h)    $5,000,000     $4,474,900
IP Lending III Ltd., Series 2022-3A, Class SNR, 3.38%, 11/02/2026(c)(h)    3,978,000     3,544,000
IP Lending IV Ltd., Series 2022-4A, Class SNR, 6.05%, 04/28/2027(c)(h)    6,557,000     6,164,039
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2013-C16, Class AS, 4.52%, 12/15/2046    2,335,000     2,285,485
JP Morgan Mortgage Trust, Series 2007-A1, Class 5A1, 3.35%, 07/25/2035(i)      148,061       142,923
JPMBB Commercial Mortgage Securities Trust, Series 2015-C27, Class XA, IO, 1.29%, 02/15/2048(j)   25,918,225       503,091
KNDL Mortgage Trust,                         
Series 2019-KNSQ, Class A, 4.67% (1 mo. USD LIBOR + 0.80%), 05/15/2036(c)(e)    7,750,000     7,647,336
Series 2019-KNSQ, Class C, 4.92% (1 mo. USD LIBOR + 1.05%), 05/15/2036(c)(e)    4,250,000     4,138,741
Lehman Structured Securities Corp., Series 2002-GE1, Class A, 0.00%, 07/26/2024(c)(i)       15,940         2,597
Life Mortgage Trust,                         
Series 2021-BMR, Class A, 4.58% (1 mo. USD LIBOR + 0.70%), 03/15/2038(c)(e)    7,254,320     6,982,657
Series 2021-BMR, Class B, 4.76% (1 mo. USD LIBOR + 0.88%), 03/15/2038(c)(e)    3,519,033     3,340,125
Master Credit Card Trust II, Series 2020-1A, Class A, 1.99%, 09/21/2024(c)   15,000,000    14,851,962
Med Trust,                         
Series 2021-MDLN, Class A, 4.83% (1 mo. USD LIBOR + 0.95%), 11/15/2038(c)(e)    4,135,000     3,956,151
Series 2021-MDLN, Class B, 5.33% (1 mo. USD LIBOR + 1.45%), 11/15/2038(c)(e)    6,685,000     6,332,691
Mello Mortgage Capital Acceptance Trust,                         
Series 2021-INV2, Class A4, 2.50%, 08/25/2051(c)(i)    3,900,232     3,355,419
Series 2021-INV3, Class A4, 2.50%, 10/25/2051(c)(i)    3,802,247     3,269,341
Merrill Lynch Mortgage Investors Trust, Series 2005-3, Class 3A, 2.39%, 11/25/2035(i)      373,034       337,045
MFA Trust,                         
Series 2021-AEI1, Class A3, 2.50%, 08/25/2051(c)(i)    4,321,575     3,511,105
Series 2021-AEI1, Class A4, 2.50%, 08/25/2051(c)(i)    5,228,776     4,460,708
Series 2021-INV2, Class A1, 1.91%, 11/25/2056(c)(i)    8,162,688     6,674,005
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Bond Fund
  Principal
Amount 		Value
MMAF Equipment Finance LLC,                         
Series 2020-A, Class A2, 0.74%, 04/09/2024(c)    $1,333,234     $1,316,089
Series 2020-A, Class A3, 0.97%, 04/09/2027(c)    5,800,000     5,367,631
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C9, Class AS, 3.46%, 05/15/2046    2,235,000     2,198,745
Morgan Stanley Capital I Trust, Series 2017-HR2, Class XA, IO, 1.01%, 12/15/2050(j)    7,163,181       246,765
MVW LLC, Series 2019-2A, Class A, 2.22%, 10/20/2038(c)    1,552,288     1,465,513
MVW Owner Trust, Series 2019-1A, Class A, 2.89%, 11/20/2036(c)    1,260,229     1,191,338
Neuberger Berman Loan Advisers CLO 24 Ltd., Series 2017-24A, Class AR, 5.25% (3 mo. USD LIBOR + 1.02%), 04/19/2030(c)(e)    7,358,155     7,255,612
New Residential Mortgage Loan Trust,                         
Series 2019-NQM4, Class A1, 2.49%, 09/25/2059(c)(i)      715,706       650,838
Series 2020-NQM1, Class A1, 2.46%, 01/26/2060(c)(i)    1,201,638     1,083,479
Series 2022-NQM2, Class A1, 3.08%, 03/27/2062(c)(i)    4,027,720     3,554,612
OBX Trust,                         
Series 2019-EXP1, Class 1A3, 4.00%, 01/25/2059(c)(i)      189,233       178,281
Series 2022-NQM1, Class A1, 2.31%, 11/25/2061(c)(i)    4,986,345     4,202,431
Series 2022-NQM2, Class A1, 2.94%, 01/25/2062(c)(i)    6,085,320     5,293,966
Series 2022-NQM2, Class A1A, 2.78%, 01/25/2062(c)(g)    3,946,106     3,534,426
Series 2022-NQM2, Class A1B, 3.38%, 01/25/2062(c)(g)    3,610,000     2,910,707
Series 2022-NQM7, Class A1, 5.11%, 08/25/2062(c)(g)    3,686,550     3,583,639
Series 2022-NQM8, Class A1, 6.10%, 09/25/2062(c)(g)    8,662,899     8,549,622
Oceanview Mortgage Trust, Series 2021-3, Class A5, 2.50%, 07/25/2051(c)(i)    4,498,032     3,843,370
OCP CLO Ltd. (Cayman Islands),                         
Series 2017-13A, Class A1AR, 5.04% (3 mo. USD LIBOR + 0.96%), 07/15/2030(c)(e)    5,145,000     5,050,445
Series 2020-8RA, Class A1, 5.30% (3 mo. USD LIBOR + 1.22%), 01/17/2032(c)(e)    9,602,000     9,427,599
Octagon Investment Partners 49 Ltd., Series 2020-5A, Class A1, 5.30% (3 mo. USD LIBOR + 1.22%), 01/15/2033(c)(e)    8,832,000     8,683,667
OHA Loan Funding Ltd., Series 2016-1A, Class AR, 5.50% (3 mo. USD LIBOR + 1.26%), 01/20/2033(c)(e)    7,550,413     7,399,722
Onslow Bay Mortgage Loan Trust, Series 2021-NQM4, Class A1, 1.96%, 10/25/2061(c)(i)    5,980,045     4,797,665
  Principal
Amount 		Value
PPM CLO 3 Ltd., Series 2019-3A, Class AR, 5.17% (3 mo. USD LIBOR + 1.09%), 04/17/2034(c)(e)    $3,874,000     $3,722,565
Prestige Auto Receivables Trust, Series 2019-1A, Class C, 2.70%, 10/15/2024(c)      669,398       667,253
PRKCM 2022-AFC2 Trust, Series 2021-AFC2, Class M1, 5.34%, 08/25/2057(c)(i)    6,281,002     6,139,391
Progress Residential Trust,                         
Series 2020-SFR1, Class A, 1.73%, 04/17/2037(c)    5,000,151     4,561,630
Series 2021-SFR10, Class A, 2.39%, 12/17/2040(c)    3,725,000     3,038,430
Series 2022-SFR5, Class A, 4.45%, 06/17/2039(c)    8,716,874     8,250,674
Residential Accredit Loans, Inc. Trust, Series 2006-QS13, Class 1A8, 6.00%, 09/25/2036        3,228         2,480
Residential Mortgage Loan Trust,                         
Series 2019-3, Class A1, 2.63%, 09/25/2059(c)(i)      229,151       221,803
Series 2020-1, Class A1, 2.38%, 01/26/2060(c)(i)      817,539       764,472
RUN Trust, Series 2022-NQM1, Class A1, 4.00%, 03/25/2067(c)    3,340,758     3,040,504
Santander Drive Auto Receivables Trust,                         
Series 2019-2, Class D, 3.22%, 07/15/2025    1,518,147     1,506,784
Series 2019-3, Class D, 2.68%, 10/15/2025    1,253,230     1,245,998
Sequoia Mortgage Trust,                         
Series 2013-3, Class A1, 2.00%, 03/25/2043(i)      504,990       424,125
Series 2013-6, Class A2, 3.00%, 05/25/2043(i)      695,084       612,782
Series 2013-7, Class A2, 3.00%, 06/25/2043(i)      430,261       378,556
Sierra Timeshare Receivables Funding LLC, Series 2019-3A, Class A, 2.34%, 08/20/2036(c)    1,661,145     1,559,011
Sonic Capital LLC, Series 2021-1A, Class A2I, 2.19%, 08/20/2051(c)    4,556,217     3,645,530
STAR Trust, Series 2021-SFR1, Class A, 4.50% (1 mo. USD LIBOR + 0.60%), 04/17/2038(c)(e)   18,579,790    17,786,334
Starwood Mortgage Residential Trust,                         
Series 2020-1, Class A1, 2.28%, 02/25/2050(c)(i)      106,077       101,917
Series 2020-INV1, Class A1, 1.03%, 11/25/2055(c)(i)    1,475,795     1,364,295
Series 2022-1, Class A1, 2.45%, 12/25/2066(c)(i)    5,277,208     4,424,185
Structured Asset Securities Corp. Pass-Through Ctfs., Series 2002-AL1, Class AIO, 3.45%, 02/25/2032(i)      471,903        25,917
Textainer Marine Containers Ltd., Series 2021-3A, CLass A, 1.94%, 08/20/2046(c)    2,475,000     2,024,863
Textainer Marine Containers VII Ltd., Series 2021-2A, Class A, 2.23%, 04/20/2046(c)    7,248,667     6,165,707
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Bond Fund
  Principal
Amount 		Value
TICP CLO XV Ltd., Series 2020-15A, Class A, 5.52% (3 mo. USD LIBOR + 1.28%), 04/20/2033(c)(e)    $7,162,000     $7,025,012
Towd Point Mortgage Trust, Series 2017-2, Class A1, 2.75%, 04/25/2057(c)(i)      577,987       570,031
UBS Commercial Mortgage Trust, Series 2017-C5, Class XA, IO, 1.22%, 11/15/2050(j)   11,901,781       398,726
Vendee Mortgage Trust, Series 1995-2B, Class 2, IO, 0.79%, 06/15/2025(k)      510,373         3,571
Verus Securitization Trust,                         
Series 2020-1, Class A1, 2.42%, 01/25/2060(c)(g)    1,312,468     1,238,500
Series 2020-INV1, Class A1, 0.33%, 03/25/2060(c)(i)      351,476       336,737
Series 2021-1, Class A1B, 1.32%, 01/25/2066(c)(i)    2,786,077     2,238,808
Series 2021-2, Class A1, 1.03%, 02/25/2066(c)(i)    1,700,232     1,412,255
Series 2021-7, Class A1, 1.83%, 10/25/2066(c)(i)    5,864,200     4,936,177
Series 2021-R1, Class A1, 0.82%, 10/25/2063(c)(i)    2,157,257     1,885,352
Series 2022-1, Class A1, 2.72%, 01/25/2067(c)(g)    3,985,556     3,470,970
Series 2022-7, Class A1, 5.15%, 07/25/2067(c)(g)    2,137,529     2,075,521
Series 2022-INV2, Class A1, 6.79%, 10/25/2067(c)(g)    3,154,930     3,153,503
Visio Trust, Series 2020-1R, Class A1, 1.31%, 11/25/2055(c)    1,480,599     1,329,220
WaMu Mortgage Pass-Through Ctfs. Trust,                         
Series 2003-AR10, Class A7, 4.24%, 10/25/2033(i)       94,398        87,351
Series 2005-AR14, Class 1A4, 3.88%, 12/25/2035(i)       38,203        35,283
Series 2005-AR16, Class 1A1, 2.82%, 12/25/2035(i)      176,252       158,696
Wells Fargo Commercial Mortgage Trust,                         
Series 2015-NXS1, Class A2, 2.63%, 05/15/2048       19,143        19,102
Series 2017-C42, Class XA, IO, 1.01%, 12/15/2050(j)   11,792,256       409,961
Wendy’s Funding LLC, Series 2019-1A, Class A2I, 3.78%, 06/15/2049(c)    6,387,500     5,884,512
WFRBS Commercial Mortgage Trust,                         
Series 2012-C10, Class XA, IO, 1.49%, 12/15/2045(c)(j)      493,193            15
Series 2013-C16, Class B, 5.15%, 09/15/2046(i)    4,500,000     4,279,883
Zaxby’s Funding LLC, Series 2021-1A, Class A2, 3.24%, 07/30/2051(c)    9,870,063     8,050,339
Total Asset-Backed Securities (Cost $716,091,643) 656,690,873
  Principal
Amount 		Value
Agency Credit Risk Transfer Notes–0.76%
Fannie Mae Connecticut Avenue Securities,                         
Series 2016-C02, Class 1M2, 10.02% (1 mo. USD LIBOR + 6.00%), 09/25/2028(e)      $900,009       $928,573
Series 2018-R07, Class 1M2, 6.44% (1 mo. USD LIBOR + 2.40%), 04/25/2031(c)(e)      267,667       266,563
Series 2019-R02, Class 1M2, 6.32% (1 mo. USD LIBOR + 2.30%), 08/25/2031(c)(e)       70,823        70,700
Series 2019-R03, Class 1M2, 6.17% (1 mo. USD LIBOR + 2.15%), 09/25/2031(c)(e)       80,327        80,039
Series 2022-R03, Class 1M1, 5.62% (30 Day Average SOFR + 2.10%), 03/25/2042(c)(e)    6,263,299     6,192,276
Series 2022-R04, Class 1M1, 5.52% (30 Day Average SOFR + 2.00%), 03/25/2042(c)(e)    3,275,132     3,235,942
Freddie Mac,                         
Series 2013-DN2, Class M2, STACR®, 8.27% (1 mo. USD LIBOR + 4.25%), 11/25/2023(e)    1,233,519     1,252,726
Series 2014-DN1, Class M3, STACR®, 8.52% (1 mo. USD LIBOR + 4.50%), 02/25/2024(e)      729,270       736,896
Series 2014-DN3, Class M3, STACR®, 8.02% (1 mo. USD LIBOR + 4.00%), 08/25/2024(e)      460,809       461,584
Series 2022-HQA3, Class M1, STACR®, 5.82% (30 Day Average SOFR + 2.30%), 08/25/2042(c)(e)    2,787,860     2,758,935
Series 2022-DNA6, Class M1, STACR®, 5.67% (30 Day Average SOFR + 2.15%), 09/25/2042(c)(e)    1,578,135     1,568,912
Series 2018-HRP1, Class M2, STACR®, 5.67% (1 mo. USD LIBOR + 1.65%), 04/25/2043(c)(e)      257,898       257,595
Total Agency Credit Risk Transfer Notes (Cost $18,011,637) 17,810,741
U.S. Government Sponsored Agency Mortgage-Backed Securities–0.76%
Collateralized Mortgage Obligations–0.43%
Fannie Mae Interest STRIPS,                         
IO,
7.50%, 05/25/2023 to 11/25/2029(k) 		     421,089        70,564
6.50%, 02/25/2032 to 07/25/2032(k)      245,918        40,733
6.00%, 12/25/2032 to 09/25/2035(k)      605,693        95,352
5.50%, 11/25/2033 to 06/25/2035(k)      485,475        81,642
PO,
0.00%, 09/25/2032(l) 		      19,706        17,086
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Bond Fund
  Principal
Amount 		Value
Collateralized Mortgage Obligations–(continued)
Fannie Mae REMICs,                         
6.50%, 06/25/2023 to 11/25/2029       $51,595        $52,856
5.02% (1 mo. USD LIBOR + 1.00%), 04/25/2032(e)       36,576        36,898
4.41% (1 mo. USD LIBOR + 0.50%), 10/18/2032(e)       16,964        16,814
4.42% (1 mo. USD LIBOR + 0.40%), 11/25/2033 to 03/25/2042(e)       79,551        78,346
5.50%, 04/25/2035 to 07/25/2046(k)    2,758,014     2,053,749
9.84% (24.57% - (3.67 x 1 mo. USD LIBOR)), 03/25/2036(e)       64,460        76,458
9.47% (24.20% - (3.67 x 1 mo. USD LIBOR)), 06/25/2036(e)      219,771       250,183
9.47% (24.20% - (3.67 x 1 mo. USD LIBOR)), 06/25/2036(e)       30,765        34,467
5.00%, 04/25/2040       99,913        98,824
4.00%, 03/25/2041 to 08/25/2047(k)      883,946       181,339
4.47% (1 mo. USD LIBOR + 0.45%), 02/25/2047(e)       49,470        48,656
IO,
2.68% (6.70% - (1.00 x 1 mo. USD LIBOR)), 02/25/2024 to 02/25/2035(e)(k) 		     624,653        50,170
3.00%, 11/25/2027(k)      738,268        34,092
3.99% (7.90% - (1.00 x 1 mo. USD LIBOR)), 11/18/2031 to 12/18/2031(e)(k)      133,106        12,567
3.88% (7.90% - (1.00 x 1 mo. USD LIBOR)), 11/25/2031(e)(k)       27,551         2,803
3.93% (7.95% - (1.00 x 1 mo. USD LIBOR)), 01/25/2032 to 07/25/2032(e)(k)      148,764        12,450
4.09% (8.00% - (1.00 x 1 mo. USD LIBOR)), 03/18/2032(e)(k)       55,227         5,761
4.08% (8.10% - (1.00 x 1 mo. USD LIBOR)), 03/25/2032 to 04/25/2032(e)(k)       76,600         8,176
2.98% (7.00% - (1.00 x 1 mo. USD LIBOR)), 04/25/2032(e)(k)       52,253         3,916
3.78% (7.80% - (1.00 x 1 mo. USD LIBOR)), 04/25/2032(e)(k)       25,291         2,689
3.98% (8.00% - (1.00 x 1 mo. USD LIBOR)), 07/25/2032 to 09/25/2032(e)(k)      165,810        18,754
4.19% (8.10% - (1.00 x 1 mo. USD LIBOR)), 12/18/2032(e)(k)      117,971        10,866
4.23% (8.25% - (1.00 x 1 mo. USD LIBOR)), 02/25/2033 to 05/25/2033(e)(k)      143,560        19,487
7.00%, 04/25/2033(k)      701,139       127,042
2.03% (6.05% - (1.00 x 1 mo. USD LIBOR)), 03/25/2035 to 07/25/2038(e)(k)      331,357        18,874
2.73% (6.75% - (1.00 x 1 mo. USD LIBOR)), 03/25/2035 to 05/25/2035(e)(k)      228,004         8,938
2.58% (6.60% - (1.00 x 1 mo. USD LIBOR)), 05/25/2035(e)(k)      130,273         8,041
3.50%, 08/25/2035(k)    3,054,814       384,307
  Principal
Amount 		Value
Collateralized Mortgage Obligations–(continued)
2.52% (6.54% - (1.00 x 1 mo. USD LIBOR)), 06/25/2037(e)(k)      $111,839         $8,642
2.53% (6.55% - (1.00 x 1 mo. USD LIBOR)), 10/25/2041(e)(k)      334,327        23,074
2.13% (6.15% - (1.00 x 1 mo. USD LIBOR)), 12/25/2042(e)(k)      589,203        62,714
4.50%, 02/25/2043(k)      210,625        31,808
1.88% (5.90% - (1.00 x 1 mo. USD LIBOR)), 09/25/2047(e)(k)    4,800,476       353,179
Freddie Mac Multifamily Structured Pass-Through Ctfs.,                         
Series KC02, Class X1, IO,
1.91%, 03/25/2024(j) 		  51,121,179       221,697
Series KC03, Class X1, IO,
0.63%, 11/25/2024(j) 		  35,712,235       359,358
Series K734, Class X1, IO,
0.79%, 02/25/2026(j) 		  27,290,943       446,021
Series K735, Class X1, IO,
1.10%, 05/25/2026(j) 		  26,780,577       713,657
Series K093, Class X1, IO,
1.09%, 05/25/2029(j) 		  22,258,159     1,080,812
Freddie Mac REMICs,                         
2.74% (COF 11 + 1.45%), 12/15/2023(e)       97,058        97,341
6.50%, 04/15/2028 to 06/15/2032      607,863       629,524
6.00%, 01/15/2029 to 04/15/2029      277,512       282,761
7.50%, 09/15/2029       39,932        41,949
8.00%, 03/15/2030       24,773        26,114
4.82% (1 mo. USD LIBOR + 0.95%), 08/15/2031 to 01/15/2032(e)       51,946        52,352
4.87% (1 mo. USD LIBOR + 1.00%), 12/15/2031 to 03/15/2032(e)      105,800       106,184
4.37% (1 mo. USD LIBOR + 0.50%), 01/15/2033(e)        2,261         2,245
5.00%, 08/15/2035    1,051,284     1,056,917
4.00%, 06/15/2038 to 03/15/2045(k)      345,557        79,448
IO,
2.13% (6.00% - (1.00 x 1 mo. USD LIBOR)), 03/15/2024 to 04/15/2038(e)(k) 		     105,478         3,263
3.00%, 06/15/2027 to 12/15/2027(k)    2,519,485       119,811
2.50%, 05/15/2028(k)      548,201        24,317
4.80% (8.70% - (1.00 x 1 mo. USD LIBOR)), 07/17/2028(e)(k)       12,066           206
4.18% (8.05% - (1.00 x 1 mo. USD LIBOR)), 02/15/2029(e)(k)      127,696         9,228
3.88% (7.75% - (1.00 x 1 mo. USD LIBOR)), 06/15/2029(e)(k)      113,330         5,999
4.23% (8.10% - (1.00 x 1 mo. USD LIBOR)), 06/15/2029 to 09/15/2029(e)(k)       74,729         4,759
2.83% (6.70% - (1.00 x 1 mo. USD LIBOR)), 01/15/2035(e)(k)      360,748        18,977
2.88% (6.75% - (1.00 x 1 mo. USD LIBOR)), 02/15/2035(e)(k)       73,557         4,139
2.85% (6.72% - (1.00 x 1 mo. USD LIBOR)), 05/15/2035(e)(k)      239,695        13,869
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Bond Fund
  Principal
Amount 		Value
Collateralized Mortgage Obligations–(continued)
2.28% (6.15% - (1.00 x 1 mo. USD LIBOR)), 07/15/2035(e)(k)      $318,819        $13,242
3.13% (7.00% - (1.00 x 1 mo. USD LIBOR)), 12/15/2037(e)(k)       47,074         4,988
2.20% (6.07% - (1.00 x 1 mo. USD LIBOR)), 05/15/2038(e)(k)      666,995        53,577
2.38% (6.25% - (1.00 x 1 mo. USD LIBOR)), 12/15/2039(e)(k)      138,058         9,493
2.23% (6.10% - (1.00 x 1 mo. USD LIBOR)), 01/15/2044(e)(k)      726,306        74,829
Freddie Mac STRIPS,                         
IO,
3.00%, 12/15/2027(k) 		   1,072,629        58,254
3.27%, 12/15/2027(j)      279,588        13,155
6.50%, 02/01/2028(k)       11,197         1,204
7.00%, 09/01/2029(k)      103,590        14,646
7.50%, 12/15/2029(k)       41,575         6,373
6.00%, 12/15/2032(k)       40,550         5,296
      10,098,322
Federal Home Loan Mortgage Corp. (FHLMC)–0.08%
6.00%, 03/01/2023 to 07/01/2024       56,267        57,592
8.50%, 05/01/2024 to 08/17/2026       18,459        18,458
7.00%, 10/25/2024 to 03/01/2035      589,962       608,503
9.00%, 01/01/2025 to 05/01/2025        1,446         1,469
6.50%, 07/01/2028 to 04/01/2034       54,772        56,511
7.50%, 01/01/2032 to 02/01/2032      318,648       334,964
5.00%, 07/01/2033 to 06/01/2034      186,711       191,438
5.50%, 09/01/2039      394,797       413,637
ARM,
3.65% (6 mo. USD LIBOR + 1.65%), 07/01/2036(e) 		      13,810        14,096
2.66% (1 yr. USD LIBOR + 2.20%), 02/01/2037(e)        3,506         3,506
2.45% (1 yr. USD LIBOR + 2.08%), 01/01/2038(e)        6,657         6,648
      1,706,822
  Principal
Amount 		Value
Federal National Mortgage Association (FNMA)–0.20%
8.00%, 12/01/2022 to 07/01/2032       $55,485        $55,555
6.50%, 11/01/2023 to 10/01/2035      998,112     1,029,005
7.00%, 11/01/2025 to 08/01/2036    1,151,503     1,183,838
7.50%, 02/01/2027 to 08/01/2033      768,056       800,239
9.00%, 01/01/2030       23,104        23,136
8.50%, 05/01/2030 to 07/01/2030       61,208        62,637
6.00%, 06/01/2030 to 03/01/2037    1,277,333     1,336,234
5.50%, 02/01/2035 to 05/01/2036      174,370       182,759
ARM,
4.33% (1 yr. U.S. Treasury Yield Curve Rate + 2.22%), 11/01/2032(e) 		      15,735        15,447
3.38% (1 yr. U.S. Treasury Yield Curve Rate + 2.19%), 05/01/2035(e)       23,989        24,350
2.74% (1 yr. USD LIBOR + 1.70%), 03/01/2038(e)        5,439         5,482
      4,718,682
Government National Mortgage Association (GNMA)–0.05%
7.50%, 12/15/2022 to 11/15/2026       12,022        12,142
8.00%, 03/15/2023 to 08/15/2028        6,865         6,865
6.50%, 07/15/2023 to 02/15/2034      392,155       405,972
7.00%, 10/15/2026 to 01/20/2030       59,281        59,781
8.50%, 07/20/2027       18,678        18,885
IO,
2.66% (6.55% - (1.00 x 1 mo. USD LIBOR)), 04/16/2037(e)(k) 		     665,385        50,170
2.76% (6.65% - (1.00 x 1 mo. USD LIBOR)), 04/16/2041(e)(k)    1,035,136        64,102
4.50%, 09/16/2047(k)    1,796,178       299,618
2.31% (6.20% - (1.00 x 1 mo. USD LIBOR)), 10/16/2047(e)(k)    1,755,474       164,191
      1,081,726
Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $20,930,924) 17,605,552
U.S. Treasury Securities–0.65%
U.S. Treasury Bills–0.43%
3.75% - 3.93%, 03/09/2023(m)(n)    2,061,000     2,037,235
4.54% - 4.60%, 05/11/2023(m)(n)    8,043,000     7,882,025
      9,919,260
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Bond Fund
  Principal
Amount 		Value
U.S. Treasury Notes–0.22%
4.50%, 11/30/2024    $4,883,000     $4,897,878
4.50%, 11/15/2025       20,500        20,732
3.88%, 11/30/2027      251,800       252,764
      5,171,374
Total U.S. Treasury Securities (Cost $15,085,764) 15,090,634
  Shares  
Common Stocks & Other Equity Interests–0.00%
Technology Hardware, Storage & Peripherals–0.00%
Locus Solutions LLC, (Cost $0)(h)         44             0
Money Market Funds–0.26%
Invesco Government & Agency Portfolio, Institutional Class, 3.73%(o)(p)  2,151,548     2,151,548
Invesco Liquid Assets Portfolio, Institutional Class, 3.95%(o)(p)  1,536,359     1,536,820
Invesco Treasury Portfolio, Institutional Class, 3.76%(o)(p)  2,458,911     2,458,911
Total Money Market Funds (Cost $6,147,279) 6,147,279
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.34% (Cost $2,448,437,787)     2,315,928,457
  Shares Value
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds–5.48%
Invesco Private Government Fund, 3.83%(o)(p)(q) 35,743,367    $35,743,367
Invesco Private Prime Fund, 4.15%(o)(p)(q) 91,867,551    91,885,922
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $127,611,617) 127,629,289
TOTAL INVESTMENTS IN SECURITIES–104.82% (Cost $2,576,049,404) 2,443,557,746
OTHER ASSETS LESS LIABILITIES—(4.82)% (112,317,932)
NET ASSETS–100.00% $2,331,239,814
Investment Abbreviations:
ARM – Adjustable Rate Mortgage
CLO – Collateralized Loan Obligation
COF – Cost of Funds
Ctfs. – Certificates
IO – Interest Only
LIBOR – London Interbank Offered Rate
PO – Principal Only
REIT – Real Estate Investment Trust
REMICs – Real Estate Mortgage Investment Conduits
SOFR – Secured Overnight Financing Rate
STACR® – Structured Agency Credit Risk
STRIPS – Separately Traded Registered Interest and Principal Security
USD – U.S. Dollar
See accompanying notes which are an integral part of this schedule.
Invesco Short Term Bond Fund
Notes to Schedule of Investments:
(a) Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b) All or a portion of this security was out on loan at November 30, 2022.
(c) Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2022 was $1,053,095,680, which represented 45.17% of the Fund’s Net Assets.
(d) Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate.
(e) Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2022.
(f) Perpetual bond with no specified maturity date.
(g) Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date.
(h) Security valued using significant unobservable inputs (Level 3). See Note 1.
(i) Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on November 30, 2022.
(j) Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security. Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on November 30, 2022.
(k) Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security.
(l) Zero coupon bond issued at a discount.
(m) All or a portion of the value was pledged as collateral to cover margin requirements for open futures contracts.
(n) Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund.
(o) Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended November 30, 2022.
    
  Value
February 28, 2022 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain
(Loss) 		Value
November 30, 2022 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $6,295,561 $179,693,725 $(183,837,738) $- $- $2,151,548 $58,942
Invesco Liquid Assets Portfolio, Institutional Class 4,723,759 128,352,660 (131,541,013) (159) 1,573 1,536,820 42,721
Invesco Treasury Portfolio, Institutional Class 7,194,927 205,364,256 (210,100,272) - - 2,458,911 62,469
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund 34,080,644 266,960,968 (265,298,245) - - 35,743,367 415,335*
Invesco Private Prime Fund 82,102,844 468,313,881 (458,536,217) 21,240 (15,826) 91,885,922 1,146,529*
Total $134,397,735 $1,248,685,490 $(1,249,313,485) $21,081 $(14,253) $133,776,568 $1,725,996
    
* Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.
    
(p) The rate shown is the 7-day SEC standardized yield as of November 30, 2022.
(q) The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned.
    
Open Futures Contracts
Long Futures Contracts Number of
Contracts 		Expiration
Month 		Notional
Value 		Value Unrealized
Appreciation
(Depreciation)
Interest Rate Risk
U.S. Treasury 2 Year Notes 4,058 March-2023 $833,348,348 $2,007,667 $2,007,667
Short Futures Contracts          
Interest Rate Risk
U.S. Treasury 5 Year Notes 2,852 March-2023 (309,642,533) (1,653,314) (1,653,314)
U.S. Treasury 10 Year Notes 582 March-2023 (66,057,000) (318,281) (318,281)
U.S. Treasury 10 Year Ultra Notes 679 March-2023 (81,246,594) (466,812) (466,812)
U.S. Treasury Long Bonds 247 March-2023 (31,369,000) (116,970) (116,970)
U.S. Treasury Ultra Bonds 61 March-2023 (8,313,156) (15,250) (15,250)
Subtotal—Short Futures Contracts (2,570,627) (2,570,627)
Total Futures Contracts $(562,960) $(562,960)
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 Short Term Bond Fund
Notes to Quarterly Schedule of Portfolio Holdings
November 30, 2022
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 – Prices are determined using quoted prices in an active market for identical assets.
Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.’s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
The following is a summary of the tiered valuation input levels, as of November 30, 2022. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
  Level 1 Level 2 Level 3 Total
Investments in Securities        
U.S. Dollar Denominated Bonds & Notes $— $1,593,925,378 $8,658,000 $1,602,583,378
Asset-Backed Securities — 642,507,934 14,182,939 656,690,873
Agency Credit Risk Transfer Notes — 17,810,741 — 17,810,741
U.S. Government Sponsored Agency Mortgage-Backed Securities — 17,605,552 — 17,605,552
U.S. Treasury Securities — 15,090,634 — 15,090,634
Common Stocks & Other Equity Interests — — 0 0
Money Market Funds 6,147,279 127,629,289 — 133,776,568
Total Investments in Securities 6,147,279 2,414,569,528 22,840,939 2,443,557,746
Other Investments - Assets*        
Investments Matured — 266,207 — 266,207
Futures Contracts 2,007,667 — — 2,007,667
  2,007,667 266,207 — 2,273,874
Other Investments - Liabilities*        
Futures Contracts (2,570,627) — — (2,570,627)
Total Other Investments (562,960) 266,207 — (296,753)
Total Investments $5,584,319 $2,414,835,735 $22,840,939 $2,443,260,993
    
* Futures contracts are valued at unrealized appreciation (depreciation). Investments matured are shown at value.
Invesco Short Term Bond Fund