Schedule of Investments(a)  
May 31, 2026
(Unaudited)
 
Shares
Value
Common Stocks & Other Equity Interests–97.05%
Advertising–0.05%
Omnicom Group, Inc.
22,288
$1,620,560
Trade Desk, Inc. (The), Class A(b)(c)
31,257
673,901
 
 
2,294,461
Aerospace & Defense–1.99%
Axon Enterprise, Inc.(b)
5,602
2,513,729
Boeing Co. (The)(b)
55,920
12,925,908
General Dynamics Corp.
18,105
6,279,176
General Electric Co.
74,936
24,261,279
Howmet Aerospace, Inc.
28,603
7,386,725
Huntington Ingalls Industries, Inc.
2,786
858,562
L3Harris Technologies, Inc.
13,278
4,184,960
Lockheed Martin Corp.
14,444
7,661,820
Northrop Grumman Corp.
9,517
5,364,542
RTX Corp.
96,309
17,302,875
Textron, Inc.
12,510
1,147,918
TransDigm Group, Inc.
4,028
5,068,513
 
 
94,956,007
Agricultural & Farm Machinery–0.20%
Deere & Co.
17,985
9,751,107
Agricultural Products & Services–0.08%
Archer-Daniels-Midland Co.
34,114
2,721,615
Bunge Global S.A.
9,608
1,184,666
 
 
3,906,281
Air Freight & Logistics–0.31%
C.H. Robinson Worldwide, Inc.
8,386
1,498,159
Expeditors International of
Washington, Inc.
9,514
1,503,117
FedEx Corp.
15,432
6,354,126
United Parcel Service, Inc., Class B
52,459
5,596,850
 
 
14,952,252
Apparel Retail–0.37%
Ross Stores, Inc.
23,075
5,347,170
TJX Cos., Inc. (The)
79,039
12,231,285
 
 
17,578,455
Apparel, Accessories & Luxury Goods–0.09%
lululemon athletica, Inc.(b)
7,660
1,004,839
Ralph Lauren Corp.
2,751
1,001,089
Tapestry, Inc.
14,344
2,086,478
 
 
4,092,406
Application Software–2.02%
Adobe, Inc.(b)
29,285
7,590,965
AppLovin Corp., Class A(b)
19,333
11,852,869
Autodesk, Inc.(b)
15,019
3,474,045
Cadence Design Systems, Inc.(b)
19,411
7,277,766
Datadog, Inc., Class A(b)
23,680
5,857,248
Fair Isaac Corp.(b)
1,683
2,104,743
Intuit, Inc.
20,125
6,672,041
Palantir Technologies, Inc., Class A(b)
162,979
25,512,733
PTC, Inc.(b)
8,504
1,179,760
 
Shares
Value
Application Software–(continued)
Roper Technologies, Inc.
7,552
$2,458,402
Salesforce, Inc.
66,846
12,774,271
Synopsys, Inc.(b)
13,674
6,503,628
Tyler Technologies, Inc.(b)
3,054
956,360
Workday, Inc., Class A(b)
15,090
2,206,007
 
 
96,420,838
Asset Management & Custody Banks–0.87%
Ameriprise Financial, Inc.
6,468
2,882,852
Ares Management Corp., Class A
14,624
1,879,184
Bank of New York Mellon Corp. (The)
49,099
6,845,874
BlackRock, Inc.
10,269
10,750,411
Blackstone, Inc., Class A
53,506
6,258,597
Franklin Resources, Inc.(c)
21,820
676,856
Invesco Ltd.(d)
31,596
899,222
KKR & Co., Inc., Class A
48,722
4,674,389
Northern Trust Corp.
13,201
2,184,105
State Street Corp.
19,828
3,086,030
T. Rowe Price Group, Inc.
15,492
1,619,379
TPG, Inc.(b)(e)
15,799
0
 
 
41,756,899
Automobile Manufacturers–2.04%
Ford Motor Co.
277,820
4,845,181
General Motors Co.
64,454
5,365,151
Tesla, Inc.(b)
200,643
87,438,213
 
 
97,648,545
Automotive Parts & Equipment–0.02%
Aptiv PLC(b)
15,072
1,023,992
Versigent PLC(b)
1
44
 
 
1,024,036
Automotive Retail–0.26%
AutoZone, Inc.(b)
1,174
3,445,913
Carvana Co.(b)(c)
50,195
3,664,235
O’Reilly Automotive, Inc.(b)
60,062
5,218,187
 
 
12,328,335
Biotechnology–1.45%
AbbVie, Inc.
126,087
27,451,661
Amgen, Inc.
38,654
13,018,281
Biogen, Inc.(b)
10,414
2,041,144
Gilead Sciences, Inc.
88,511
11,898,534
Incyte Corp.(b)
12,480
1,207,315
Moderna, Inc.(b)(c)
24,683
1,164,791
Regeneron Pharmaceuticals, Inc.
7,154
4,398,136
Vertex Pharmaceuticals, Inc.(b)
18,120
8,109,425
 
 
69,289,287
Brewers–0.01%
Molson Coors Beverage Co., Class B
12,019
475,111
Broadcasting–0.04%
Fox Corp., Class A(c)
14,218
908,815
Fox Corp., Class B
10,029
575,564
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500 Index Fund

 
Shares
Value
Broadcasting–(continued)
Paramount Skydance Corp.
22,062
$234,078
 
 
1,718,457
Broadline Retail–4.02%
Amazon.com, Inc.(b)
696,918
188,613,888
eBay, Inc.
32,086
3,506,037
 
 
192,119,925
Building Products–0.43%
A.O. Smith Corp.
7,965
451,775
Allegion PLC
6,107
794,337
Builders FirstSource, Inc.(b)
7,850
598,641
Carrier Global Corp.
55,662
3,555,132
Johnson Controls International PLC
43,665
5,853,730
Lennox International, Inc.(c)
2,266
1,137,895
Masco Corp.
14,424
1,013,286
Trane Technologies PLC
16,007
7,223,959
 
 
20,628,755
Cable & Satellite–0.18%
Charter Communications, Inc., Class A(b)(c)
6,100
878,705
Comcast Corp., Class A
256,001
6,366,745
EchoStar Corp., Class A(b)
9,537
1,232,085
 
 
8,477,535
Cargo Ground Transportation–0.09%
J.B. Hunt Transport Services, Inc.
5,340
1,476,136
Old Dominion Freight Line, Inc.
13,062
2,940,909
 
 
4,417,045
Casinos & Gaming–0.05%
Las Vegas Sands Corp.
21,598
1,092,211
MGM Resorts International(b)
13,593
593,606
Wynn Resorts Ltd.
5,993
606,612
 
 
2,292,429
Commodity Chemicals–0.06%
Dow, Inc.
52,495
1,771,706
LyondellBasell Industries N.V., Class A
18,279
1,218,296
 
 
2,990,002
Communications Equipment–1.30%
Arista Networks, Inc.(b)
74,139
11,822,946
Ciena Corp.(b)
10,048
5,830,151
Cisco Systems, Inc.
281,876
33,943,508
F5, Inc.(b)
4,004
1,535,334
Lumentum Holdings, Inc.(b)
5,219
4,462,036
Motorola Solutions, Inc.
11,811
4,763,140
 
 
62,357,115
Computer & Electronics Retail–0.02%
Best Buy Co., Inc.
13,871
1,081,244
Construction & Engineering–0.31%
Comfort Systems USA, Inc.
2,498
4,566,868
EMCOR Group, Inc.
3,178
2,627,634
Quanta Services, Inc.
10,638
7,571,384
 
 
14,765,886
Construction Machinery & Heavy Transportation Equipment–
0.90%
Caterpillar, Inc.
33,248
29,120,926
 
Shares
Value
Construction Machinery & Heavy Transportation Equipment–
(continued)
Cummins, Inc.
9,856
$6,373,185
PACCAR, Inc.
37,283
4,114,924
Westinghouse Air Brake Technologies
Corp.
12,136
3,169,438
 
 
42,778,473
Construction Materials–0.22%
CRH PLC
47,581
5,176,337
Martin Marietta Materials, Inc.
4,281
2,490,001
Vulcan Materials Co.
9,380
2,653,789
 
 
10,320,127
Consumer Electronics–0.06%
Garmin Ltd.
11,605
2,714,642
Consumer Finance–0.47%
American Express Co.
38,145
12,071,748
Capital One Financial Corp.
45,111
8,477,710
Synchrony Financial
24,625
1,759,210
 
 
22,308,668
Consumer Staples Merchandise Retail–1.55%
Costco Wholesale Corp.
31,666
30,282,829
Dollar General Corp.
15,625
1,728,281
Dollar Tree, Inc.(b)
13,102
1,525,597
Target Corp.
32,079
4,076,279
Walmart, Inc.
313,398
36,275,818
 
 
73,888,804
Copper–0.14%
Freeport-McMoRan, Inc.
102,531
6,737,312
Data Center REITs–0.25%
Digital Realty Trust, Inc.
22,921
4,354,990
Equinix, Inc.
7,009
7,485,892
 
 
11,840,882
Data Processing & Outsourced Services–0.03%
Broadridge Financial Solutions, Inc.
8,286
1,273,724
Distillers & Vintners–0.04%
Brown-Forman Corp., Class B
12,500
321,500
Constellation Brands, Inc., Class A
10,007
1,389,172
 
 
1,710,672
Distributors–0.03%
Genuine Parts Co.
9,875
974,662
Pool Corp.(c)
2,327
422,118
 
 
1,396,780
Diversified Banks–2.77%
Bank of America Corp.
473,383
24,426,563
Citigroup, Inc.
125,149
15,756,259
Fifth Third Bancorp
64,728
3,231,869
JPMorgan Chase & Co.
192,252
57,542,946
KeyCorp
69,325
1,478,702
PNC Financial Services Group, Inc. (The)
28,715
6,349,461
U.S. Bancorp
112,904
6,192,785
Wells Fargo & Co.
221,265
17,156,888
 
 
132,135,473
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500 Index Fund

 
Shares
Value
Diversified Financial Services–0.09%
Apollo Global Management, Inc.
32,962
$4,242,539
Diversified Support Services–0.13%
Cintas Corp.
24,886
4,261,976
Copart, Inc.(b)
63,208
2,071,326
 
 
6,333,302
Electric Utilities–1.34%
Alliant Energy Corp.(c)
18,248
1,306,739
American Electric Power Co., Inc.
38,747
4,908,082
Constellation Energy Corp.
22,231
6,396,970
Duke Energy Corp.
55,479
6,808,938
Edison International
27,315
1,910,411
Entergy Corp.(c)
32,582
3,553,067
Evergy, Inc.
16,342
1,340,698
Eversource Energy
26,634
1,818,303
Exelon Corp.
73,873
3,371,564
FirstEnergy Corp.
36,906
1,712,069
NextEra Energy, Inc.
148,576
12,927,598
NRG Energy, Inc.
15,046
2,017,368
PG&E Corp.
156,024
2,549,432
Pinnacle West Capital Corp.
8,496
847,391
PPL Corp.
52,512
1,858,400
Southern Co. (The)
78,554
7,230,896
Xcel Energy, Inc.
41,992
3,338,364
 
 
63,896,290
Electrical Components & Equipment–0.75%
AMETEK, Inc.
16,342
3,690,841
Eaton Corp. PLC
27,708
11,099,825
Emerson Electric Co.
40,863
5,876,917
Generac Holdings, Inc.(b)
4,166
1,157,773
Hubbell, Inc.
3,773
1,786,930
Rockwell Automation, Inc.
7,970
3,594,948
Vertiv Holdings Co., Class A
27,659
8,732,223
 
 
35,939,457
Electronic Components–0.58%
Amphenol Corp., Class A
87,547
13,023,492
Coherent Corp.(b)
13,366
4,831,408
Corning, Inc.
55,698
10,090,249
 
 
27,945,149
Electronic Equipment & Instruments–0.17%
Keysight Technologies, Inc.(b)
12,200
4,127,626
Teledyne Technologies, Inc.(b)
3,333
2,065,893
Trimble, Inc.(b)
16,889
952,708
Zebra Technologies Corp., Class A(b)
3,485
849,051
 
 
7,995,278
Electronic Manufacturing Services–0.15%
Jabil, Inc.
7,481
2,727,273
TE Connectivity PLC (Switzerland)
21,450
4,577,645
 
 
7,304,918
Environmental & Facilities Services–0.23%
Republic Services, Inc.
14,284
2,863,085
Rollins, Inc.
20,835
991,746
Veralto Corp.
17,626
1,449,386
Waste Management, Inc.
26,472
5,597,769
 
 
10,901,986
 
Shares
Value
Fertilizers & Agricultural Chemicals–0.11%
CF Industries Holdings, Inc.
11,072
$1,243,939
Corteva, Inc.
47,645
3,729,651
Mosaic Co. (The)
22,532
538,515
 
 
5,512,105
Financial Exchanges & Data–0.83%
Cboe Global Markets, Inc.
7,428
2,477,684
CME Group, Inc., Class A
25,725
7,036,816
Coinbase Global, Inc., Class A(b)(c)
15,801
2,986,863
FactSet Research Systems, Inc.(c)
2,659
652,705
Intercontinental Exchange, Inc.
40,514
5,989,995
Moody’s Corp.
10,891
4,936,346
MSCI, Inc.
5,205
3,286,333
Nasdaq, Inc.
31,814
2,943,431
S&P Global, Inc.
21,818
9,250,832
 
 
39,561,005
Food Distributors–0.05%
Sysco Corp.
33,993
2,577,009
Food Retail–0.10%
Casey’s General Stores, Inc.
2,689
2,062,839
Kroger Co. (The)
41,247
2,563,501
 
 
4,626,340
Footwear–0.11%
Deckers Outdoor Corp.(b)
10,056
1,144,876
NIKE, Inc., Class B
84,426
3,903,014
 
 
5,047,890
Gas Utilities–0.04%
Atmos Energy Corp.
12,039
2,036,156
Gold–0.18%
Newmont Corp.
77,852
8,548,928
Health Care Distributors–0.30%
Cardinal Health, Inc.
16,671
3,280,853
Cencora, Inc.
14,283
3,847,269
Henry Schein, Inc.(b)
7,103
543,948
McKesson Corp.
8,738
6,487,440
 
 
14,159,510
Health Care Equipment–1.27%
Abbott Laboratories
123,926
10,608,066
Baxter International, Inc.(c)
36,492
685,320
Becton, Dickinson and Co.
20,172
2,967,705
Boston Scientific Corp.(b)
105,763
5,109,410
Dexcom, Inc.(b)
27,266
2,010,595
Edwards Lifesciences Corp.(b)
41,194
3,562,045
GE HealthCare Technologies, Inc.
32,336
2,015,826
IDEXX Laboratories, Inc.(b)
5,668
3,194,088
Insulet Corp.(b)
4,994
723,830
Intuitive Surgical, Inc.(b)
25,526
10,839,361
Medtronic PLC
91,460
6,750,663
ResMed, Inc.(c)
10,362
1,974,686
STERIS PLC
6,967
1,482,090
Stryker Corp.
24,571
7,496,366
Zimmer Biomet Holdings, Inc.
14,068
1,158,218
 
 
60,578,269
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500 Index Fund

 
Shares
Value
Health Care Facilities–0.10%
HCA Healthcare, Inc.
11,164
$4,226,021
Universal Health Services, Inc., Class B
3,921
572,897
 
 
4,798,918
Health Care REITs–0.31%
Alexandria Real Estate Equities, Inc.
12,062
599,240
Healthpeak Properties, Inc.
49,333
944,727
Ventas, Inc.
34,231
2,889,781
Welltower, Inc.
49,747
10,214,552
 
 
14,648,300
Health Care Services–0.36%
Cigna Group (The)
18,795
5,213,733
CVS Health Corp.
91,954
8,365,975
DaVita, Inc.(b)
2,366
459,856
Labcorp Holdings, Inc.
5,885
1,530,453
Quest Diagnostics, Inc.
7,793
1,518,855
 
 
17,088,872
Health Care Supplies–0.05%
Align Technology, Inc.(b)
4,737
828,738
Cooper Cos., Inc. (The)(b)
14,113
863,857
Solventum Corp.(b)
10,466
784,427
 
 
2,477,022
Health Care Technology–0.04%
Veeva Systems, Inc., Class A(b)
11,136
1,941,450
Heavy Electrical Equipment–0.39%
GE Vernova, Inc.
19,250
18,640,160
Home Improvement Retail–0.65%
Home Depot, Inc. (The)
71,021
22,523,600
Lowe’s Cos., Inc.
40,019
8,578,473
 
 
31,102,073
Homebuilding–0.15%
D.R. Horton, Inc.
19,087
2,807,507
Lennar Corp., Class A
15,316
1,375,071
NVR, Inc.(b)
198
1,208,750
PulteGroup, Inc.
13,612
1,608,666
 
 
6,999,994
Homefurnishing Retail–0.04%
Williams-Sonoma, Inc.
8,458
1,721,795
Hotel & Resort REITs–0.02%
Host Hotels & Resorts, Inc.
45,400
1,043,292
Hotels, Resorts & Cruise Lines–0.74%
Airbnb, Inc., Class A(b)
30,008
4,000,366
Booking Holdings, Inc.
57,490
9,625,551
Carnival Corp. Ltd.
95,560
2,681,414
Expedia Group, Inc.
8,306
1,875,412
Hilton Worldwide Holdings, Inc.
16,358
5,359,862
Marriott International, Inc., Class A
15,690
5,893,164
Norwegian Cruise Line Holdings Ltd.(b)(c)
32,318
592,712
Royal Caribbean Cruises Ltd.
18,357
5,224,953
 
 
35,253,434
Household Products–0.70%
Church & Dwight Co., Inc.
16,769
1,603,619
 
Shares
Value
Household Products–(continued)
Clorox Co. (The)
8,659
$779,483
Colgate-Palmolive Co.
57,221
5,157,329
Kimberly-Clark Corp.
23,558
2,299,261
Procter & Gamble Co. (The)
165,868
23,812,010
 
 
33,651,702
Human Resource & Employment Services–0.18%
Automatic Data Processing, Inc.
28,725
6,372,354
Paychex, Inc.
22,993
2,229,861
 
 
8,602,215
Independent Power Producers & Energy Traders–0.09%
AES Corp. (The)
50,552
741,598
Vistra Corp.
22,609
3,622,640
 
 
4,364,238
Industrial Conglomerates–0.35%
3M Co.
37,575
5,753,860
Honeywell International, Inc.
45,293
10,773,393
 
 
16,527,253
Industrial Gases–0.44%
Air Products and Chemicals, Inc.
15,799
4,401,917
Linde PLC
33,434
16,639,768
 
 
21,041,685
Industrial Machinery & Supplies & Components–0.55%
Dover Corp.
9,555
2,019,545
Fortive Corp.
22,203
1,294,879
IDEX Corp.
5,313
1,120,140
Illinois Tool Works, Inc.
18,701
4,624,383
Ingersoll Rand, Inc.
25,215
1,806,403
Nordson Corp.
3,789
1,088,693
Otis Worldwide Corp.
27,665
1,959,789
Parker-Hannifin Corp.
9,004
7,605,048
Pentair PLC
11,617
822,948
Snap-on, Inc.
3,692
1,370,507
Stanley Black & Decker, Inc.
10,995
873,223
Xylem, Inc.
17,283
1,893,180
 
 
26,478,738
Industrial REITs–0.20%
Prologis, Inc.
66,316
9,514,356
Insurance Brokers–0.35%
Aon PLC, Class A
15,302
4,836,350
Arthur J. Gallagher & Co.
18,230
3,666,235
Brown & Brown, Inc.(c)
20,844
1,172,475
Marsh & McLennan Cos., Inc.
34,538
5,525,044
Willis Towers Watson PLC
6,797
1,697,007
 
 
16,897,111
Integrated Oil & Gas–1.48%
Chevron Corp.
133,730
24,400,376
Exxon Mobil Corp.(f)
298,547
43,366,937
Occidental Petroleum Corp.
51,054
2,891,188
 
 
70,658,501
Integrated Telecommunication Services–0.56%
AT&T, Inc.
499,430
12,385,864
Verizon Communications, Inc.
300,270
14,355,909
 
 
26,741,773
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500 Index Fund

 
Shares
Value
Interactive Home Entertainment–0.13%
Electronic Arts, Inc.
15,934
$3,214,206
Take-Two Interactive Software, Inc.(b)
12,560
2,815,450
 
 
6,029,656
Interactive Media & Services–8.00%
Alphabet, Inc., Class A (Acquired
03/31/2006-05/20/2026;
Cost $20,161,273)(g)
415,349
157,973,839
Alphabet, Inc., Class C (Acquired
03/31/2006-05/20/2026;
Cost $10,261,626)(g)
333,640
125,592,105
Meta Platforms, Inc., Class A
156,036
98,694,330
 
 
382,260,274
Internet Services & Infrastructure–0.08%
Akamai Technologies, Inc.(b)
10,213
1,527,252
GoDaddy, Inc., Class A(b)
9,593
823,367
VeriSign, Inc.
5,847
1,668,617
 
 
4,019,236
Investment Banking & Brokerage–1.26%
Charles Schwab Corp. (The)
119,162
10,408,801
Goldman Sachs Group, Inc. (The)
21,435
21,982,879
Interactive Brokers Group, Inc., Class A
31,615
2,749,556
Morgan Stanley
86,147
17,918,576
Raymond James Financial, Inc.(c)
12,516
1,794,919
Robinhood Markets, Inc., Class A(b)
56,642
5,341,341
 
 
60,196,072
IT Consulting & Other Services–0.66%
Accenture PLC, Class A
44,507
8,325,925
Cognizant Technology Solutions Corp.,
Class A
33,881
1,889,035
EPAM Systems, Inc.(b)
3,922
401,848
Gartner, Inc.(b)
4,991
809,540
International Business Machines Corp.
66,915
19,927,287
 
 
31,353,635
Leisure Products–0.02%
Hasbro, Inc.
9,464
815,513
Life & Health Insurance–0.25%
Aflac, Inc.
33,072
3,717,954
Globe Life, Inc.
5,651
865,959
MetLife, Inc.
38,997
3,224,662
Principal Financial Group, Inc.
14,192
1,470,575
Prudential Financial, Inc.
24,654
2,481,179
 
 
11,760,329
Life Sciences Tools & Services–0.72%
Agilent Technologies, Inc.
20,125
2,727,541
Bio-Techne Corp.
11,886
614,268
Charles River Laboratories International,
Inc.(b)
3,494
631,401
Danaher Corp.
44,883
8,198,778
IQVIA Holdings, Inc.(b)
12,089
2,202,737
Mettler-Toledo International, Inc.(b)
1,450
1,711,841
Revvity, Inc.(c)
8,048
841,418
Thermo Fisher Scientific, Inc.
26,957
13,276,592
Waters Corp.(b)
6,979
2,676,935
West Pharmaceutical Services, Inc.
5,107
1,648,591
 
 
34,530,102
 
Shares
Value
Managed Health Care–0.74%
Centene Corp.(b)
33,147
$1,975,561
Elevance Health, Inc.
15,745
6,190,777
Humana, Inc.
8,538
2,607,676
UnitedHealth Group, Inc.
64,669
24,594,267
 
 
35,368,281
Metal, Glass & Plastic Containers–0.02%
Ball Corp.
19,024
1,040,042
Movies & Entertainment–0.97%
Live Nation Entertainment, Inc.(b)(c)
11,209
1,887,708
Netflix, Inc.(b)
301,214
25,910,428
TKO Group Holdings, Inc.
4,706
965,577
Walt Disney Co. (The)
126,382
12,869,479
Warner Bros. Discovery, Inc.(b)
175,905
4,751,194
 
 
46,384,386
Multi-Family Residential REITs–0.15%
AvalonBay Communities, Inc.
10,039
1,832,218
Camden Property Trust
7,326
780,658
Equity Residential
24,578
1,608,630
Essex Property Trust, Inc.
4,572
1,246,510
Mid-America Apartment Communities, Inc.
8,311
1,072,701
UDR, Inc.
21,349
787,778
 
 
7,328,495
Multi-Sector Holdings–1.30%
Berkshire Hathaway, Inc., Class B(b)
130,821
62,071,948
Multi-Utilities–0.54%
Ameren Corp.
20,100
2,170,197
CenterPoint Energy, Inc.
46,345
1,958,540
CMS Energy Corp.
22,381
1,624,189
Consolidated Edison, Inc.
25,622
2,706,452
Dominion Energy, Inc.
60,617
4,057,702
DTE Energy Co.
14,743
2,106,332
NiSource, Inc.
34,921
1,614,049
Public Service Enterprise Group, Inc.
35,434
2,786,884
Sempra
46,332
4,129,571
WEC Energy Group, Inc.
23,092
2,564,367
 
 
25,718,283
Office REITs–0.01%
BXP, Inc.
10,462
627,825
Oil & Gas Equipment & Services–0.27%
Baker Hughes Co., Class A
72,202
4,612,264
Halliburton Co.
59,745
2,321,093
SLB Ltd.
106,678
5,819,285
 
 
12,752,642
Oil & Gas Exploration & Production–0.59%
APA Corp.
25,177
917,198
ConocoPhillips
87,405
9,962,422
Devon Energy Corp.
84,275
3,749,395
Diamondback Energy, Inc.
14,093
2,698,527
EOG Resources, Inc.
38,518
5,137,531
EQT Corp.
44,301
2,433,454
Expand Energy Corp.
16,907
1,572,013
Texas Pacific Land Corp.
4,110
1,615,230
 
 
28,085,770
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500 Index Fund

 
Shares
Value
Oil & Gas Refining & Marketing–0.33%
Marathon Petroleum Corp.
21,045
$5,235,365
Phillips 66
28,602
5,030,520
Valero Energy Corp.
21,652
5,300,842
 
 
15,566,727
Oil & Gas Storage & Transportation–0.38%
Kinder Morgan, Inc.
138,979
4,319,467
ONEOK, Inc.
44,668
3,749,432
Targa Resources Corp.
15,238
3,886,757
Williams Cos., Inc. (The)
87,123
6,219,711
 
 
18,175,367
Other Specialized REITs–0.10%
Iron Mountain, Inc.
20,983
2,691,070
VICI Properties, Inc.
82,852
2,338,083
 
 
5,029,153
Other Specialty Retail–0.06%
Tractor Supply Co.
37,510
1,182,690
Ulta Beauty, Inc.(b)
3,143
1,599,316
 
 
2,782,006
Packaged Foods & Meats–0.30%
Campbell’s Co. (The)
13,948
294,442
Conagra Brands, Inc.
33,957
450,949
General Mills, Inc.(c)
37,866
1,280,249
Hershey Co. (The)
10,518
2,040,808
Hormel Foods Corp.
20,693
480,698
J.M. Smucker Co. (The)
7,573
781,534
Kraft Heinz Co. (The)
60,498
1,452,557
McCormick & Co., Inc.
17,977
851,571
Mondelez International, Inc., Class A
91,448
5,593,874
Tyson Foods, Inc., Class A
20,093
1,226,075
 
 
14,452,757
Paper & Plastic Packaging Products & Materials–0.13%
Amcor PLC
32,773
1,272,248
Avery Dennison Corp.
5,487
872,817
International Paper Co.
37,484
1,254,590
Packaging Corp. of America
6,344
1,388,765
Smurfit WestRock PLC
37,069
1,525,389
 
 
6,313,809
Passenger Airlines–0.17%
Delta Air Lines, Inc.
46,045
3,797,791
Southwest Airlines Co.
34,807
1,494,961
United Airlines Holdings, Inc.(b)
22,981
2,638,219
 
 
7,930,971
Passenger Ground Transportation–0.22%
Uber Technologies, Inc.(b)
146,587
10,319,725
Personal Care Products–0.08%
Estee Lauder Cos., Inc. (The), Class A
17,452
1,552,355
Kenvue, Inc.
135,998
2,350,046
 
 
3,902,401
Pharmaceuticals–3.03%
Bristol-Myers Squibb Co.
145,284
8,307,339
Eli Lilly and Co.
56,535
62,471,175
Johnson & Johnson
172,259
38,815,121
Merck & Co., Inc.
177,388
21,059,503
 
Shares
Value
Pharmaceuticals–(continued)
Pfizer, Inc.
405,626
$10,619,289
Viatris, Inc.
81,761
1,329,434
Zoetis, Inc.
29,906
2,323,397
 
 
144,925,258
Property & Casualty Insurance–0.79%
Allstate Corp. (The)
18,420
3,796,178
American International Group, Inc.
38,012
2,821,631
Arch Capital Group Ltd.(b)
25,325
2,262,535
Assurant, Inc.
3,555
884,733
Chubb Ltd.
26,264
8,187,277
Cincinnati Financial Corp.
11,075
1,743,426
Erie Indemnity Co., Class A(c)
1,803
384,165
Hartford Insurance Group, Inc. (The)
19,781
2,514,759
Loews Corp.
12,030
1,245,707
Progressive Corp. (The)
42,334
8,060,394
Travelers Cos., Inc. (The)
15,417
4,500,068
W.R. Berkley Corp.(c)
21,312
1,354,164
 
 
37,755,037
Publishing–0.02%
News Corp., Class A
26,583
693,816
News Corp., Class B
8,763
261,313
 
 
955,129
Rail Transportation–0.46%
CSX Corp.
132,189
5,982,874
Norfolk Southern Corp.
15,929
4,857,708
Union Pacific Corp.
42,333
11,118,339
 
 
21,958,921
Real Estate Services–0.07%
CBRE Group, Inc., Class A(b)
20,585
2,573,949
CoStar Group, Inc.(b)
30,086
968,769
 
 
3,542,718
Regional Banks–0.27%
Citizens Financial Group, Inc.
30,108
1,874,524
Huntington Bancshares, Inc.
144,112
2,357,672
M&T Bank Corp.
10,757
2,324,695
Regions Financial Corp.
61,493
1,721,804
Truist Financial Corp.
92,354
4,452,387
 
 
12,731,082
Reinsurance–0.02%
Everest Group Ltd.
2,883
934,178
Research & Consulting Services–0.11%
Equifax, Inc.
8,530
1,414,189
Jacobs Solutions, Inc.
8,321
997,355
Leidos Holdings, Inc.
9,076
1,159,913
Verisk Analytics, Inc.
9,894
1,731,351
 
 
5,302,808
Restaurants–0.73%
Chipotle Mexican Grill, Inc.(b)
92,270
2,939,722
Darden Restaurants, Inc.(c)
8,157
1,663,294
Domino’s Pizza, Inc.
2,207
685,450
DoorDash, Inc., Class A(b)
26,537
4,227,079
McDonald’s Corp.
51,035
14,248,972
Starbucks Corp.
82,208
8,151,745
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500 Index Fund

 
Shares
Value
Restaurants–(continued)
Yum! Brands, Inc.
19,710
$2,916,095
 
 
34,832,357
Retail REITs–0.24%
Federal Realty Investment Trust
5,573
666,698
Kimco Realty Corp.
48,072
1,157,574
Realty Income Corp.
65,302
4,001,706
Regency Centers Corp.
11,685
903,835
Simon Property Group, Inc.
23,189
4,751,658
 
 
11,481,471
Self-Storage REITs–0.12%
Extra Space Storage, Inc.
15,067
2,174,319
Public Storage
11,210
3,404,365
 
 
5,578,684
Semiconductor Materials & Equipment–1.64%
Applied Materials, Inc.
56,664
25,502,200
KLA Corp.
9,382
18,029,483
Lam Research Corp.
89,128
28,358,747
Qnity Electronics, Inc.
14,867
2,319,252
Teradyne, Inc.
11,117
4,161,204
 
 
78,370,886
Semiconductors–16.09%
Advanced Micro Devices, Inc.(b)
116,315
60,030,172
Analog Devices, Inc.
34,808
14,405,291
Broadcom, Inc.
338,249
151,119,506
First Solar, Inc.(b)
7,618
2,337,126
Intel Corp.(b)
334,969
38,414,245
Microchip Technology, Inc.
38,365
3,631,247
Micron Technology, Inc.
80,344
78,014,024
Monolithic Power Systems, Inc.
3,488
5,462,940
NVIDIA Corp.
1,733,595
366,031,248
NXP Semiconductors N.V. (Netherlands)
18,287
5,876,527
ON Semiconductor Corp.(b)
27,914
3,366,987
QUALCOMM, Inc.
76,121
19,107,893
Skyworks Solutions, Inc.
10,554
821,629
Texas Instruments, Inc.
64,745
19,791,252
 
 
768,410,087
Single-Family Residential REITs–0.02%
Invitation Homes, Inc.
40,035
1,171,024
Soft Drinks & Non-alcoholic Beverages–0.91%
Coca-Cola Co. (The)
276,616
21,855,430
Keurig Dr Pepper, Inc.
96,442
2,896,153
Monster Beverage Corp.(b)
50,630
4,459,491
PepsiCo, Inc.
97,957
14,124,420
 
 
43,335,494
Specialty Chemicals–0.33%
Albemarle Corp.
8,355
1,473,989
DuPont de Nemours, Inc.
28,989
1,403,647
Ecolab, Inc.
18,096
4,632,576
International Flavors & Fragrances, Inc.
18,180
1,382,589
PPG Industries, Inc.
15,930
1,799,771
Sherwin-Williams Co. (The)
16,366
4,972,646
 
 
15,665,218
 
Shares
Value
Steel–0.14%
Nucor Corp.
16,246
$4,061,500
Steel Dynamics, Inc.
9,745
2,535,162
 
 
6,596,662
Systems Software–6.53%
CrowdStrike Holdings, Inc., Class A(b)
17,988
13,149,228
Fortinet, Inc.(b)
45,945
6,339,032
Gen Digital, Inc.
39,839
1,027,448
Microsoft Corp.
529,754
238,516,441
Oracle Corp.
121,330
27,393,887
Palo Alto Networks, Inc.(b)
57,589
16,222,245
ServiceNow, Inc.(b)
74,645
9,283,599
 
 
311,931,880
Technology Distributors–0.02%
CDW Corp.
9,242
1,159,409
Technology Hardware, Storage & Peripherals–8.17%
Apple, Inc.
1,047,372
326,842,906
Dell Technologies, Inc., Class C
21,201
8,923,713
Hewlett Packard Enterprise Co.
96,360
4,147,335
HP, Inc.
65,034
1,758,519
NetApp, Inc.
14,170
2,469,689
Sandisk Corp.(b)
10,530
17,848,140
Seagate Technology Holdings PLC
15,720
13,830,456
Super Micro Computer, Inc.(b)(c)
37,332
1,720,632
Western Digital Corp.
24,153
12,830,315
 
 
390,371,705
Telecom Tower REITs–0.22%
American Tower Corp.
33,979
6,352,714
Crown Castle, Inc.
30,914
2,828,631
SBA Communications Corp., Class A
7,564
1,536,702
 
 
10,718,047
Timber REITs–0.03%
Weyerhaeuser Co.
51,172
1,254,226
Tobacco–0.59%
Altria Group, Inc.
119,758
8,332,762
Philip Morris International, Inc.
(Switzerland)
111,350
19,751,263
 
 
28,084,025
Trading Companies & Distributors–0.25%
Fastenal Co.
81,496
3,602,123
United Rentals, Inc.
4,604
4,584,065
W.W. Grainger, Inc.
3,105
3,832,315
 
 
12,018,503
Transaction & Payment Processing Services–1.70%
Block, Inc., Class A(b)
38,878
2,943,842
Corpay, Inc.(b)
4,966
1,796,699
Fidelity National Information Services,
Inc.
36,761
1,580,356
Fiserv, Inc.(b)
38,181
2,159,517
Global Payments, Inc.
16,806
1,269,021
Jack Henry & Associates, Inc.
5,138
700,412
Mastercard, Inc., Class A
58,202
28,750,624
PayPal Holdings, Inc.
65,224
2,918,774
Visa, Inc., Class A
120,188
39,224,556
 
 
81,343,801
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500 Index Fund

 
Shares
Value
Water Utilities–0.04%
American Water Works Co., Inc.
13,851
$1,707,413
Wireless Telecommunication Services–0.13%
T-Mobile US, Inc.
33,801
6,338,701
Total Common Stocks & Other Equity Interests
(Cost $1,374,642,489)
4,635,117,112
Money Market Funds–2.96%
Invesco Government & Agency Portfolio,
Institutional Class, 3.53%(d)(h)
50,123,917
50,123,916
Invesco Treasury Portfolio, Institutional
Class, 3.52%(d)(h)
91,162,439
91,162,440
Total Money Market Funds (Cost $141,286,356)
141,286,356
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased
with cash collateral from securities
on loan)-100.01%
(Cost $1,515,928,845)
 
4,776,403,468
 
Shares
Value
Investments Purchased with Cash Collateral from
Securities on Loan
Money Market Funds–0.66%
Invesco Private Government Fund,
3.58%(d)(h)(i)
8,727,450
$8,727,450
Invesco Private Prime Fund, 3.75%(d)(h)(i)
22,687,094
22,691,632
Total Investments Purchased with Cash Collateral
from Securities on Loan (Cost $31,419,082)
31,419,082
TOTAL INVESTMENTS IN SECURITIES–100.67%
(Cost $1,547,347,927)
4,807,822,550
OTHER ASSETS LESS LIABILITIES—(0.67)%
(31,907,043
)
NET ASSETS–100.00%
$4,775,915,507
Investment Abbreviations:
REIT
– Real Estate Investment Trust
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)
Non-income producing security.
(c)
All or a portion of this security was out on loan at May 31, 2026.
(d)
Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended May 31, 2026.
 
Value
August 31, 2025
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
(Loss)
Value
May 31, 2026
Dividend Income
Invesco Ltd.
$677,933
$21,121
$(3,507)
$204,192
$(517)
$899,222
$19,899
Investments in Affiliated Money Market Funds:
Invesco Government & Agency Portfolio, Institutional
Class
33,877,414
104,382,473
(88,135,970)
-
-
50,123,916
1,203,358
Invesco Treasury Portfolio, Institutional Class
60,990,363
193,853,164
(163,681,088)
-
-
91,162,440
2,158,238
Investments Purchased with Cash Collateral from
Securities on Loan:
Invesco Private Government Fund
7,977,149
181,795,364
(181,045,063)
-
-
8,727,450
232,207*
Invesco Private Prime Fund
20,777,139
328,493,598
(326,571,356)
(1,019)
(6,730)
22,691,632
627,716*
Total
$124,299,998
$808,545,720
$(759,436,984)
$203,173
$(7,247)
$173,604,660
$4,241,418
*
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.
(e)
Security valued using significant unobservable inputs (Level 3). See Note .
(f)
All or a portion of the value was pledged as collateral to cover margin requirements for open futures contracts.
(g)
Restricted security. The aggregate value of these securities at May 31, 2026 was $283,565,944, which represented 5.94% of the Fund’s Net Assets.
(h)
The rate shown is the 7-day SEC standardized yield as of May 31, 2026.
(i)
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
Equity Risk
E-Mini S&P 500 Index
383
June-2026
$145,458,613
$15,805,400
$15,805,400
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 S&P 500 Index Fund

Notes to Quarterly Schedule of Portfolio Holdings
May 31, 2026
(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. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.
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 May 31, 2026. 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
Common Stocks & Other Equity Interests
$4,635,117,112
$
$
$4,635,117,112
Money Market Funds
141,286,356
31,419,082
172,705,438
Total Investments in Securities
4,776,403,468
31,419,082
4,807,822,550
Other Investments - Assets*
Futures Contracts
15,805,400
15,805,400
Total Investments
$4,792,208,868
$31,419,082
$
$4,823,627,950
*
Unrealized appreciation.
Invesco S&P 500 Index Fund