Schedule of Investments(a)  
May 31, 2026
(Unaudited)
 

Shares
Value
Common Stocks & Other Equity Interests–77.29%
Advertising–0.01%
Trade Desk, Inc. (The), Class A(b)(c)
1,190
$25,656
Aerospace & Defense–1.66%
Axon Enterprise, Inc.(b)
203
91,090
Boeing Co. (The)(b)
2,127
491,656
General Dynamics Corp.
726
251,791
General Electric Co.
2,863
926,925
Howmet Aerospace, Inc.
1,083
279,685
L3Harris Technologies, Inc.
504
158,851
Lockheed Martin Corp.
629
333,653
Northrop Grumman Corp.
387
218,144
RTX Corp.
3,643
654,502
TransDigm Group, Inc.
151
190,006
 
 
3,596,303
Agricultural & Farm Machinery–0.17%
Deere & Co.
681
369,225
Agricultural Products & Services–0.05%
Archer-Daniels-Midland Co.
1,290
102,916
Air Freight & Logistics–0.22%
FedEx Corp.
625
257,344
United Parcel Service, Inc., Class B
2,011
214,553
 
 
471,897
Apparel Retail–0.31%
Ross Stores, Inc.
860
199,288
TJX Cos., Inc. (The)
3,018
467,035
 
 
666,323
Apparel, Accessories & Luxury Goods–0.02%
lululemon athletica, Inc.(b)
278
36,468
Application Software–1.67%
Adobe, Inc.(b)
1,113
288,501
AppLovin Corp., Class A(b)
608
372,759
Autodesk, Inc.(b)
575
133,003
Cadence Design Systems, Inc.(b)
738
276,698
Circle Internet Group, Inc.(b)(c)
461
52,093
Datadog, Inc., Class A(b)
870
215,195
Fair Isaac Corp.(b)
62
77,537
HubSpot, Inc.(b)
134
29,564
Intuit, Inc.
741
245,664
Palantir Technologies, Inc., Class A(b)
5,933
928,752
Roper Technologies, Inc.
290
94,404
Salesforce, Inc.
2,482
474,310
Strategy, Inc., Class A(b)
727
115,658
Synopsys, Inc.(b)
502
238,761
Workday, Inc., Class A(b)
575
84,059
 
 
3,626,958
Asset Management & Custody Banks–0.67%
Ameriprise Financial, Inc.
251
111,873
Bank of New York Mellon Corp. (The)
1,869
260,595
 
Shares
Value
Asset Management & Custody Banks–(continued)
BlackRock, Inc.
389
$407,236
Blackstone, Inc., Class A
1,977
231,250
KKR & Co., Inc., Class A
1,854
177,873
Northern Trust Corp.
506
83,718
State Street Corp.
752
117,041
T. Rowe Price Group, Inc.
583
60,941
 
 
1,450,527
Automobile Manufacturers–1.49%
Ford Motor Co.
10,552
184,027
General Motors Co.
2,519
209,681
Tesla, Inc.(b)
6,501
2,833,071
 
 
3,226,779
Automotive Retail–0.21%
AutoZone, Inc.(b)
45
132,084
Carvana Co.(b)(c)
1,795
131,035
O’Reilly Automotive, Inc.(b)
2,279
197,999
 
 
461,118
Biotechnology–1.17%
AbbVie, Inc.
4,804
1,045,927
Amgen, Inc.
1,463
492,724
BioNTech SE, ADR (Germany)(b)
685
65,726
Gilead Sciences, Inc.
3,373
453,432
Regeneron Pharmaceuticals, Inc.
274
168,449
Vertex Pharmaceuticals, Inc.(b)
685
306,565
 
 
2,532,823
Broadline Retail–3.48%
Amazon.com, Inc.(b)
26,370
7,136,777
Coupang, Inc. (South Korea)(b)
3,621
60,109
eBay, Inc.
1,220
133,309
MercadoLibre, Inc. (Brazil)(b)
137
232,304
 
 
7,562,499
Building Products–0.29%
Carrier Global Corp.
2,139
136,618
Johnson Controls International PLC
1,648
220,931
Trane Technologies PLC
598
269,877
 
 
627,426
Cable & Satellite–0.13%
Charter Communications, Inc., Class A(b)
239
34,428
Comcast Corp., Class A
9,759
242,706
 
 
277,134
Cargo Ground Transportation–0.05%
Old Dominion Freight Line, Inc.
506
113,926
Casinos & Gaming–0.06%
Flutter Entertainment PLC (Ireland)(b)
431
41,798
Las Vegas Sands Corp.
1,836
92,847
 
 
134,645
Commodity Chemicals–0.03%
Dow, Inc.
1,926
65,002
See accompanying notes which are an integral part of this schedule.
Invesco Income Advantage U.S. Fund

 
Shares
Value
Communications Equipment–0.89%
Arista Networks, Inc.(b)
2,833
$451,779
Cisco Systems, Inc.
10,726
1,291,625
Motorola Solutions, Inc.
448
180,669
 
 
1,924,073
Construction & Engineering–0.13%
Quanta Services, Inc.
402
286,115
Construction Machinery & Heavy Transportation Equipment–
0.70%
Caterpillar, Inc.
1,271
1,113,231
Cummins, Inc.
376
243,133
PACCAR, Inc.
1,403
154,849
 
 
1,511,213
Construction Materials–0.09%
Martin Marietta Materials, Inc.
163
94,807
Vulcan Materials Co.
356
100,720
 
 
195,527
Consumer Electronics–0.05%
Garmin Ltd.
441
103,159
Consumer Finance–0.42%
American Express Co.
1,872
592,432
Capital One Financial Corp.
1,722
323,615
 
 
916,047
Consumer Staples Merchandise Retail–1.27%
Costco Wholesale Corp.
1,205
1,152,365
Dollar General Corp.
598
66,145
Target Corp.
1,226
155,788
Walmart, Inc.
11,873
1,374,300
 
 
2,748,598
Copper–0.14%
Freeport-McMoRan, Inc.
3,884
255,217
Southern Copper Corp. (Mexico)(c)
254
48,690
 
 
303,907
Data Center REITs–0.21%
Digital Realty Trust, Inc.
934
177,460
Equinix, Inc.
266
284,099
 
 
461,559
Distillers & Vintners–0.03%
Constellation Brands, Inc., Class A
413
57,333
Diversified Banks–2.39%
Bank of America Corp.
19,829
1,023,176
Citigroup, Inc.
4,853
610,993
Fifth Third Bancorp
1,789
89,325
JPMorgan Chase & Co.
7,378
2,208,309
NU Holdings Ltd., Class A (Brazil)(b)
9,506
124,814
PNC Financial Services Group, Inc. (The)
1,063
235,050
U.S. Bancorp
4,221
231,522
Wells Fargo & Co.
8,526
661,106
 
 
5,184,295
Diversified Financial Services–0.07%
Apollo Global Management, Inc.
1,200
154,452
 
Shares
Value
Diversified Support Services–0.11%
Cintas Corp.
925
$158,416
Copart, Inc.(b)
2,408
78,910
 
 
237,326
Electric Utilities–1.01%
American Electric Power Co., Inc.
1,443
182,785
Constellation Energy Corp.
787
226,459
Duke Energy Corp.
2,099
257,610
Edison International
1,039
72,668
Entergy Corp.(c)
1,198
130,642
Eversource Energy
1,019
69,567
Exelon Corp.
2,730
124,597
FirstEnergy Corp.
1,560
72,368
NextEra Energy, Inc.
5,661
492,564
PG&E Corp.
5,913
96,618
PPL Corp.
1,997
70,674
Southern Co. (The)
3,008
276,886
Xcel Energy, Inc.
1,599
127,121
 
 
2,200,559
Electrical Components & Equipment–0.57%
AMETEK, Inc.
623
140,705
Eaton Corp. PLC
1,055
422,633
Emerson Electric Co.
1,516
218,031
Rockwell Automation, Inc.
304
137,122
Vertiv Holdings Co., Class A
1,015
320,446
 
 
1,238,937
Electronic Components–0.41%
Amphenol Corp., Class A
3,310
492,395
Corning, Inc.
2,142
388,045
 
 
880,440
Electronic Equipment & Instruments–0.07%
Keysight Technologies, Inc.(b)
463
156,647
Electronic Manufacturing Services–0.08%
TE Connectivity PLC (Switzerland)
795
169,661
Environmental & Facilities Services–0.20%
Republic Services, Inc.
542
108,639
Waste Connections, Inc.
694
103,420
Waste Management, Inc.
1,092
230,914
 
 
442,973
Fertilizers & Agricultural Chemicals–0.07%
Corteva, Inc.
1,825
142,861
Financial Exchanges & Data–0.65%
CME Group, Inc., Class A
970
265,334
Coinbase Global, Inc., Class A(b)(c)
600
113,418
Intercontinental Exchange, Inc.
1,531
226,358
Moody’s Corp.
485
219,826
MSCI, Inc.
197
124,382
Nasdaq, Inc.
1,226
113,430
S&P Global, Inc.
822
348,528
 
 
1,411,276
Food Distributors–0.04%
Sysco Corp.
1,301
98,629
See accompanying notes which are an integral part of this schedule.
Invesco Income Advantage U.S. Fund

 
Shares
Value
Food Retail–0.05%
Kroger Co. (The)
1,706
$106,028
Footwear–0.07%
NIKE, Inc., Class B
3,162
146,179
Gold–0.15%
Newmont Corp.
2,969
326,026
Health Care Distributors–0.24%
Cardinal Health, Inc.
641
126,149
Cencora, Inc.
526
141,683
McKesson Corp.
337
250,202
 
 
518,034
Health Care Equipment–1.02%
Abbott Laboratories
4,700
402,320
Becton, Dickinson and Co.
774
113,871
Boston Scientific Corp.(b)
4,008
193,627
Dexcom, Inc.(b)
1,040
76,690
Edwards Lifesciences Corp.(b)
1,537
132,904
GE HealthCare Technologies, Inc.
1,236
77,052
IDEXX Laboratories, Inc.(b)
214
120,595
Intuitive Surgical, Inc.(b)
959
407,230
Medtronic PLC
3,463
255,604
ResMed, Inc.
395
75,275
STERIS PLC
266
56,586
Stryker Corp.
976
297,768
 
 
2,209,522
Health Care Facilities–0.07%
HCA Healthcare, Inc.
421
159,365
Health Care REITs–0.23%
Ventas, Inc.
1,270
107,213
Welltower, Inc.
1,865
382,941
 
 
490,154
Health Care Services–0.26%
Cigna Group (The)
720
199,728
CVS Health Corp.
3,463
315,064
Labcorp Holdings, Inc.
224
58,253
 
 
573,045
Health Care Supplies–0.02%
Medline, Inc.(b)(c)
1,182
43,214
Health Care Technology–0.03%
Veeva Systems, Inc., Class A(b)
407
70,956
Heavy Electrical Equipment–0.33%
GE Vernova, Inc.
738
714,620
Home Improvement Retail–0.55%
Home Depot, Inc. (The)
2,707
858,498
Lowe’s Cos., Inc.
1,525
326,899
 
 
1,185,397
Homebuilding–0.07%
D.R. Horton, Inc.
703
103,404
Lennar Corp., Class A
620
55,664
 
 
159,068
 
Shares
Value
Hotels, Resorts & Cruise Lines–0.53%
Airbnb, Inc., Class A(b)
1,126
$150,107
Booking Holdings, Inc.
2,192
367,007
Hilton Worldwide Holdings, Inc.
619
202,821
Marriott International, Inc., Class A
597
224,233
Royal Caribbean Cruises Ltd.
690
196,395
 
 
1,140,563
Household Products–0.58%
Church & Dwight Co., Inc.
637
60,916
Colgate-Palmolive Co.
2,176
196,123
Kimberly-Clark Corp.
914
89,207
Procter & Gamble Co. (The)
6,354
912,180
 
 
1,258,426
Human Resource & Employment Services–0.15%
Automatic Data Processing, Inc.
1,093
242,471
Paychex, Inc.
876
84,955
 
 
327,426
Independent Power Producers & Energy Traders–0.07%
Vistra Corp.
906
145,168
Industrial Conglomerates–0.29%
3M Co.
1,435
219,742
Honeywell International, Inc.
1,727
410,784
 
 
630,526
Industrial Gases–0.37%
Air Products and Chemicals, Inc.
599
166,894
Linde PLC
1,264
629,080
 
 
795,974
Industrial Machinery & Supplies & Components–0.38%
Dover Corp.
368
77,780
Fortive Corp.
860
50,155
Illinois Tool Works, Inc.
787
194,609
Ingersoll Rand, Inc.
1,073
76,870
Otis Worldwide Corp.
1,046
74,099
Parker-Hannifin Corp.
343
289,708
Xylem, Inc.
661
72,406
 
 
835,627
Industrial REITs–0.17%
Prologis, Inc.
2,527
362,549
Insurance Brokers–0.28%
Aon PLC, Class A
575
181,734
Arthur J. Gallagher & Co.
688
138,364
Marsh & McLennan Cos., Inc.
1,332
213,080
Willis Towers Watson PLC
259
64,665
 
 
597,843
Integrated Oil & Gas–1.29%
Chevron Corp.
5,452
994,772
Exxon Mobil Corp.
11,453
1,663,663
Occidental Petroleum Corp.
2,655
150,352
 
 
2,808,787
Integrated Telecommunication Services–0.47%
AT&T, Inc.
19,263
477,722
See accompanying notes which are an integral part of this schedule.
Invesco Income Advantage U.S. Fund

 
Shares
Value
Integrated Telecommunication Services–(continued)
Verizon Communications, Inc.
11,468
$548,285
 
 
1,026,007
Interactive Home Entertainment–0.14%
Electronic Arts, Inc.
606
122,242
Roblox Corp., Class A(b)
1,655
78,033
Take-Two Interactive Software, Inc.(b)
462
103,562
 
 
303,837
Interactive Media & Services–6.93%
Alphabet, Inc., Class A (Acquired
02/24/2021-04/01/2026;
Cost $3,524,643)(d)
29,682
11,289,252
Meta Platforms, Inc., Class A
5,919
3,743,827
 
 
15,033,079
Internet Services & Infrastructure–0.24%
Cloudflare, Inc., Class A(b)
844
204,096
CoreWeave, Inc., Class A(b)(c)
804
88,062
Snowflake, Inc., Class A(b)
899
229,740
 
 
521,898
Investment Banking & Brokerage–0.97%
Charles Schwab Corp. (The)
4,532
395,870
Goldman Sachs Group, Inc. (The)
811
831,729
Morgan Stanley
3,288
683,904
Robinhood Markets, Inc., Class A(b)
2,051
193,410
 
 
2,104,913
IT Consulting & Other Services–0.54%
Accenture PLC, Class A
1,670
312,407
Cognizant Technology Solutions Corp.,
Class A
1,300
72,481
Gartner, Inc.(b)
190
30,818
International Business Machines Corp.
2,542
757,008
 
 
1,172,714
Life & Health Insurance–0.18%
Aflac, Inc.
1,268
142,549
MetLife, Inc.
1,778
147,023
Prudential Financial, Inc.
952
95,809
 
 
385,381
Life Sciences Tools & Services–0.52%
Agilent Technologies, Inc.
770
104,358
Danaher Corp.
1,752
320,038
IQVIA Holdings, Inc.(b)
467
85,092
Mettler-Toledo International, Inc.(b)
54
63,751
Thermo Fisher Scientific, Inc.
1,020
502,360
Waters Corp.(b)
162
62,139
 
 
1,137,738
Managed Health Care–0.62%
Centene Corp.(b)
1,308
77,957
Elevance Health, Inc.
603
237,093
Humana, Inc.
327
99,872
UnitedHealth Group, Inc.
2,460
935,563
 
 
1,350,485
Movies & Entertainment–0.83%
Liberty Media Corp.-Liberty Formula One(b)
842
76,445
 
Shares
Value
Movies & Entertainment–(continued)
Netflix, Inc.(b)
12,354
$1,062,691
Walt Disney Co. (The)
4,854
494,283
Warner Bros. Discovery, Inc.(b)
6,344
171,352
 
 
1,804,771
Multi-Family Residential REITs–0.06%
AvalonBay Communities, Inc.
383
69,901
Equity Residential
1,048
68,592
 
 
138,493
Multi-Sector Holdings–1.12%
Berkshire Hathaway, Inc., Class B(b)
5,122
2,430,287
Multi-Utilities–0.39%
Ameren Corp.
722
77,954
CMS Energy Corp.
821
59,580
Consolidated Edison, Inc.
974
102,884
Dominion Energy, Inc.
2,321
155,368
DTE Energy Co.
563
80,436
Public Service Enterprise Group, Inc.
1,357
106,728
Sempra
1,774
158,116
WEC Energy Group, Inc.
883
98,057
 
 
839,123
Oil & Gas Equipment & Services–0.18%
Baker Hughes Co., Class A
2,665
170,240
SLB Ltd.
4,032
219,946
 
 
390,186
Oil & Gas Exploration & Production–0.37%
ConocoPhillips
3,350
381,833
Devon Energy Corp.
2,966
131,957
Diamondback Energy, Inc.
491
94,017
EOG Resources, Inc.
1,464
195,268
 
 
803,075
Oil & Gas Refining & Marketing–0.27%
Marathon Petroleum Corp.
810
201,504
Phillips 66
1,088
191,357
Valero Energy Corp.
826
202,221
 
 
595,082
Oil & Gas Storage & Transportation–0.31%
Cheniere Energy, Inc.
578
129,969
Kinder Morgan, Inc.
5,247
163,077
ONEOK, Inc.
1,709
143,453
Williams Cos., Inc. (The)
3,287
234,659
 
 
671,158
Other Specialized REITs–0.04%
VICI Properties, Inc.
2,998
84,604
Packaged Foods & Meats–0.21%
General Mills, Inc.
1,437
48,585
Hershey Co. (The)
396
76,836
Kraft Heinz Co. (The)
3,210
77,072
McCormick & Co., Inc.
724
34,296
Mondelez International, Inc., Class A
3,505
214,401
 
 
451,190
See accompanying notes which are an integral part of this schedule.
Invesco Income Advantage U.S. Fund

 
Shares
Value
Passenger Airlines–0.02%
Delta Air Lines, Inc.
441
$36,374
Passenger Ground Transportation–0.18%
Uber Technologies, Inc.(b)
5,432
382,413
Personal Care Products–0.04%
Kenvue, Inc.
5,180
89,510
Pharmaceuticals–2.60%
Bristol-Myers Squibb Co.
5,534
316,434
Eli Lilly and Co.
2,316
2,559,180
Johnson & Johnson
6,548
1,475,461
Merck & Co., Inc.
6,748
801,122
Pfizer, Inc.
15,445
404,350
Zoetis, Inc.
1,181
91,752
 
 
5,648,299
Property & Casualty Insurance–0.60%
Allstate Corp. (The)
704
145,087
American International Group, Inc.
1,456
108,079
Arch Capital Group Ltd.(b)
946
84,516
Chubb Ltd.
1,068
332,927
Hartford Insurance Group, Inc. (The)
752
95,602
Markel Group, Inc.(b)
34
61,730
Progressive Corp. (The)
1,597
304,069
Travelers Cos., Inc. (The)
601
175,426
 
 
1,307,436
Rail Transportation–0.39%
CSX Corp.
5,026
227,477
Norfolk Southern Corp.
670
204,323
Union Pacific Corp.
1,611
423,113
 
 
854,913
Real Estate Services–0.06%
CBRE Group, Inc., Class A(b)
804
100,532
CoStar Group, Inc.(b)
1,139
36,676
 
 
137,208
Regional Banks–0.15%
M&T Bank Corp.
414
89,470
Regions Financial Corp.
2,380
66,640
Truist Financial Corp.
3,454
166,517
 
 
322,627
Research & Consulting Services–0.06%
Equifax, Inc.
331
54,877
Verisk Analytics, Inc.
376
65,796
 
 
120,673
Restaurants–0.56%
Chipotle Mexican Grill, Inc.(b)
3,573
113,836
DoorDash, Inc., Class A(b)
944
150,370
McDonald’s Corp.
1,937
540,810
Starbucks Corp.
3,101
307,495
Yum! Brands, Inc.
750
110,963
 
 
1,223,474
Retail REITs–0.15%
Realty Income Corp.
2,484
152,220
 
Shares
Value
Retail REITs–(continued)
Simon Property Group, Inc.
874
$179,091
 
 
331,311
Self-Storage REITs–0.10%
Extra Space Storage, Inc.
564
81,391
Public Storage
475
144,253
 
 
225,644
Semiconductor Materials & Equipment–1.26%
Applied Materials, Inc.
2,152
968,529
KLA Corp.
357
686,051
Lam Research Corp.
3,408
1,084,357
 
 
2,738,937
Semiconductors–13.14%
Advanced Micro Devices, Inc.(b)
4,408
2,274,969
Analog Devices, Inc.
1,330
550,421
Broadcom, Inc.
12,659
5,655,661
GLOBALFOUNDRIES, Inc.(b)
286
22,871
Intel Corp.(b)
11,462
1,314,462
Marvell Technology, Inc.
2,296
470,680
Microchip Technology, Inc.
1,430
135,350
Micron Technology, Inc.
3,053
2,964,463
Monolithic Power Systems, Inc.
124
194,210
NVIDIA Corp.
63,658
13,440,750
QUALCOMM, Inc.
2,912
730,970
Texas Instruments, Inc.
2,472
755,641
 
 
28,510,448
Soft Drinks & Non-alcoholic Beverages–0.79%
Coca-Cola Co. (The)
11,626
918,570
Keurig Dr Pepper, Inc.
3,490
104,805
Monster Beverage Corp.(b)
1,880
165,590
PepsiCo, Inc.
3,705
534,224
 
 
1,723,189
Specialty Chemicals–0.23%
DuPont de Nemours, Inc.
1,129
54,666
Ecolab, Inc.
686
175,616
PPG Industries, Inc.
610
68,918
Sherwin-Williams Co. (The)
667
202,661
 
 
501,861
Steel–0.07%
Nucor Corp.
615
153,750
Systems Software–5.36%
CrowdStrike Holdings, Inc., Class A(b)
662
483,922
Fortinet, Inc.(b)
1,704
235,101
Microsoft Corp.
19,936
8,975,985
Oracle Corp.
4,648
1,049,426
Palo Alto Networks, Inc.(b)
1,880
529,577
ServiceNow, Inc.(b)
2,801
348,360
 
 
11,622,371
Technology Distributors–0.02%
CDW Corp.
349
43,782
Technology Hardware, Storage & Peripherals–6.09%
Apple, Inc.
39,980
12,476,159
Dell Technologies, Inc., Class C
846
356,090
See accompanying notes which are an integral part of this schedule.
Invesco Income Advantage U.S. Fund

 
Shares
Value
Technology Hardware, Storage & Peripherals–(continued)
Hewlett Packard Enterprise Co.
3,611
$155,417
HP, Inc.
2,491
67,356
NetApp, Inc.
537
93,594
Super Micro Computer, Inc.(b)(c)
1,365
62,913
 
 
13,211,529
Telecom Tower REITs–0.19%
American Tower Corp.
1,263
236,130
Crown Castle, Inc.
1,197
109,526
SBA Communications Corp., Class A
287
58,307
 
 
403,963
Tobacco–0.49%
Altria Group, Inc.
4,579
318,607
Philip Morris International, Inc.
(Switzerland)
4,228
749,962
 
 
1,068,569
Trading Companies & Distributors–0.27%
Fastenal Co.
3,118
137,816
Ferguson Enterprises, Inc.
531
119,990
United Rentals, Inc.
171
170,259
W.W. Grainger, Inc.
121
149,343
 
 
577,408
Transaction & Payment Processing Services–1.44%
Block, Inc., Class A(b)
1,438
108,885
Corpay, Inc.(b)
181
65,486
Fidelity National Information Services, Inc.
1,399
60,143
Fiserv, Inc.(b)
1,442
81,559
Mastercard, Inc., Class A
2,420
1,195,432
PayPal Holdings, Inc.
2,527
113,083
Visa, Inc., Class A
4,577
1,493,750
 
 
3,118,338
Water Utilities–0.03%
American Water Works Co., Inc.
522
64,347
Wireless Telecommunication Services–0.12%
T-Mobile US, Inc.
1,369
256,729
Total Common Stocks & Other Equity Interests
(Cost $93,319,871)
167,696,833
 
Principal
Amount
 
Equity Linked Notes–5.22%
Diversified Banks–4.54%
BNP Paribas (S&P 500® Index)
(France), 127.16%,
07/01/2026(e)
 
$1,011,000
1,018,513
Citigroup, Inc. (S&P 500® Index),
151.41%, 06/08/2026(e)
 
648,000
601,039
152.78%, 06/15/2026(e)
 
860,000
854,049
123.55%, 07/02/2026(e)
 
959,000
959,000
 
Principal
Amount
Value
Diversified Banks–(continued)
Mizuho Financial Group, Inc. (S&P 500®
Index) (Japan),
145.90%, 06/01/2026
 
$799,000
$634,883
152.00%, 06/04/2026(e)
 
816,000
650,578
140.65%, 06/11/2026(e)
 
567,000
552,483
145.00%, 06/17/2026(e)
 
1,083,000
1,065,588
140.20%, 06/23/2026(e)
 
927,000
923,369
137.80%, 06/25/2026(e)
 
1,104,000
1,112,057
Royal Bank of Canada (S&P 500®
Index) (Canada), 117.46%,
06/29/2026(e)
 
870,000
876,617
Societe Generale S.A. (S&P 500®
Index) (France), 154.62%,
06/10/2026(e)
 
627,000
601,919
 
 
9,850,095
Diversified Capital Markets–0.68%
UBS AG (S&P 500® Index) (Switzerland),
149.70%, 06/03/2026(e)
 
729,000
592,398
134.10%, 06/18/2026(e)
 
909,000
886,316
 
 
1,478,714
Total Equity Linked Notes (Cost $11,909,000)
11,328,809
 

Shares
 
Money Market Funds–18.07%
Invesco Government & Agency Portfolio,
Institutional Class, 3.53%(f)(g)
13,783,646
13,783,646
Invesco Treasury Portfolio, Institutional
Class, 3.52%(f)(g)
25,425,036
25,425,036
Total Money Market Funds (Cost $39,208,682)
39,208,682
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased
with cash collateral from securities
on loan)-100.58%
(Cost $144,437,553)
 
218,234,324
Investments Purchased with Cash Collateral from
Securities on Loan
Money Market Funds–0.29%
Invesco Private Government Fund,
3.58%(f)(g)(h)
175,687
175,687
Invesco Private Prime Fund, 3.75%(f)(g)(h)
455,466
455,557
Total Investments Purchased with Cash Collateral
from Securities on Loan (Cost $631,244)
631,244
TOTAL INVESTMENTS IN SECURITIES–100.87%
(Cost $145,068,797)
218,865,568
OTHER ASSETS LESS LIABILITIES—(0.87)%
(1,891,693
)
NET ASSETS–100.00%
$216,973,875
Investment Abbreviations:
ADR
– American Depositary Receipt
REIT
– Real Estate Investment Trust
See accompanying notes which are an integral part of this schedule.
Invesco Income Advantage U.S. 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)
Non-income producing security.
(c)
All or a portion of this security was out on loan at May 31, 2026.
(d)
Restricted security. The value of this security at May 31, 2026 represented 5.20% of the Fund’s Net Assets.
(e)
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
May 31, 2026 was $10,693,926, which represented 4.93% of the Fund’s Net Assets.
(f)
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
Investments in Affiliated Money Market Funds:
Invesco Government & Agency Portfolio, Institutional Class
$13,072,745
$11,379,707
$(10,668,806)
$-
$-
$13,783,646
$385,870
Invesco Treasury Portfolio, Institutional Class
24,104,793
21,133,741
(19,813,498)
-
-
25,425,036
704,101
Investments Purchased with Cash Collateral from
Securities on Loan:
Invesco Private Government Fund
1,449,773
7,950,878
(9,224,964)
-
-
175,687
8,332*
Invesco Private Prime Fund
3,755,319
17,312,889
(20,612,293)
(222)
(136)
455,557
22,984*
Total
$42,382,630
$57,777,215
$(60,319,561)
$(222)
$(136)
$39,839,926
$1,121,287
*
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.
(g)
The rate shown is the 7-day SEC standardized yield as of May 31, 2026.
(h)
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.
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 Income Advantage U.S. 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
$167,696,833
$
$
$167,696,833
Equity Linked Notes
11,328,809
11,328,809
Money Market Funds
39,208,682
631,244
39,839,926
Total Investments
$206,905,515
$11,960,053
$
$218,865,568
Invesco Income Advantage U.S. Fund