Schedule of Investments(a)
May 31, 2023
(Unaudited)
    Principal
Amount 		Value
U.S. Dollar Denominated Bonds & Notes–89.76%
Advertising–0.47%
Clear Channel Outdoor Holdings, Inc., 5.13%, 08/15/2027(b)        $94,000      $82,990
Interpublic Group of Cos., Inc. (The), 4.75%, 03/30/2030       401,000     390,202
Lamar Media Corp.,                        
4.00%, 02/15/2030       271,000     237,536
3.63%, 01/15/2031       168,000     140,461
        851,189
Aerospace & Defense–1.64%
Boeing Co. (The),                        
2.75%, 02/01/2026       103,000      96,495
2.20%, 02/04/2026        15,000      13,963
3.63%, 02/01/2031       283,000     256,034
5.93%, 05/01/2060       428,000     417,633
Huntington Ingalls Industries, Inc., 3.84%, 05/01/2025       311,000     301,461
Lockheed Martin Corp.,                        
4.45%, 05/15/2028       113,000     112,799
4.75%, 02/15/2034       201,000     201,100
4.15%, 06/15/2053        96,000      83,434
5.70%, 11/15/2054       150,000     163,634
5.20%, 02/15/2055       261,000     264,031
4.30%, 06/15/2062       114,000      99,478
5.90%, 11/15/2063       150,000     167,625
Northrop Grumman Corp., 4.95%, 03/15/2053        88,000      83,861
Raytheon Technologies Corp., 5.15%, 02/27/2033       346,000     352,134
TransDigm, Inc.,                        
6.25%, 03/15/2026(b)       116,000     115,310
6.38%, 06/15/2026        48,000      47,488
6.75%, 08/15/2028(b)       213,000     213,512
        2,989,992
Agricultural Products & Services–0.24%
Archer-Daniels-Midland Co., 4.50%, 08/15/2033       125,000     122,818
Cargill, Inc.,                        
4.50%, 06/24/2026(b)       195,000     194,429
4.75%, 04/24/2033(b)       123,000     121,997
        439,244
Air Freight & Logistics–0.42%
United Parcel Service, Inc.,                        
4.88%, 03/03/2033       242,000     245,736
5.05%, 03/03/2053       518,000     518,011
        763,747
Aluminum–0.07%
Novelis Corp., 3.25%, 11/15/2026(b)       138,000     124,778
Apparel Retail–0.06%
Gap, Inc. (The), 3.63%, 10/01/2029(b)       155,000     109,267
    Principal
Amount 		Value
Application Software–0.15%
NCR Corp., 5.75%, 09/01/2027(b)        $85,000      $84,649
Salesforce, Inc., 2.90%, 07/15/2051       147,000     101,077
SS&C Technologies, Inc., 5.50%, 09/30/2027(b)        86,000      82,168
        267,894
Asset Management & Custody Banks–1.81%
Affiliated Managers Group, Inc., 4.25%, 02/15/2024       726,000     717,500
Ameriprise Financial, Inc.,                        
4.50%, 05/13/2032       115,000     110,171
5.15%, 05/15/2033       399,000     398,259
Apollo Management Holdings L.P., 4.95%, 01/14/2050(b)(c)        50,000      41,676
Ares Capital Corp.,                        
2.88%, 06/15/2028        25,000      20,853
3.20%, 11/15/2031        40,000      30,564
Bank of New York Mellon Corp. (The),                        
4.54%, 02/01/2029(c)       257,000     252,854
5.83%, 10/25/2033(c)       217,000     228,300
Series J, 4.97%, 04/26/2034(c)       219,000     217,869
Series I, 3.75%(c)(d)       312,000     253,687
BlackRock, Inc., 4.75%, 05/25/2033       364,000     360,411
Blackstone Secured Lending Fund, 2.13%, 02/15/2027       330,000     278,943
Carlyle Holdings II Finance LLC, 5.63%, 03/30/2043(b)        40,000      35,384
State Street Corp.,                        
4.82%, 01/26/2034(c)        55,000      53,694
5.16%, 05/18/2034(c)       306,000     304,778
        3,304,943
Automobile Manufacturers–2.11%
Allison Transmission, Inc.,                        
4.75%, 10/01/2027(b)       109,000     103,418
3.75%, 01/30/2031(b)       176,000     148,769
American Honda Finance Corp., 4.60%, 04/17/2030       129,000     127,141
Ford Motor Co.,                        
4.35%, 12/08/2026        86,000      83,058
3.25%, 02/12/2032       175,000     133,135
6.10%, 08/19/2032       360,000     338,721
4.75%, 01/15/2043        71,000      52,532
Ford Motor Credit Co. LLC,                        
4.39%, 01/08/2026       206,000     194,007
7.35%, 11/04/2027       281,000     284,188
6.80%, 05/12/2028       458,000     453,719
7.35%, 03/06/2030       200,000     201,675
Hyundai Capital America,                        
4.30%, 02/01/2024(b)     1,029,000   1,019,060
5.50%, 03/30/2026(b)       168,000     168,079
5.60%, 03/30/2028(b)       287,000     288,193
5.80%, 04/01/2030(b)        56,000      56,938
Volkswagen Group of America Finance LLC (Germany), 4.35%, 06/08/2027(b)       213,000     207,341
        3,859,974
 
See accompanying notes which are an integral part of this schedule.
Invesco Bond Fund
    Principal
Amount 		Value
Automotive Parts & Equipment–1.08%
Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 4.75%, 04/01/2028(b)       $150,000     $133,909
ERAC USA Finance LLC,                        
4.60%, 05/01/2028(b)       225,000     220,800
4.90%, 05/01/2033(b)       362,000     355,944
5.40%, 05/01/2053(b)       334,000     328,397
Nemak S.A.B. de C.V. (Mexico), 3.63%, 06/28/2031(b)       261,000     196,337
NESCO Holdings II, Inc., 5.50%, 04/15/2029(b)        92,000      81,423
ZF North America Capital, Inc. (Germany),                        
6.88%, 04/14/2028(b)       339,000     340,802
7.13%, 04/14/2030(b)       318,000     320,617
        1,978,229
Automotive Retail–0.68%
Advance Auto Parts, Inc., 5.95%, 03/09/2028       125,000     127,197
Asbury Automotive Group, Inc.,                        
4.50%, 03/01/2028        23,000      21,007
4.63%, 11/15/2029(b)        71,000      62,681
AutoZone, Inc., 4.75%, 08/01/2032       158,000     154,039
Group 1 Automotive, Inc., 4.00%, 08/15/2028(b)       177,000     155,179
LCM Investments Holdings II LLC, 4.88%, 05/01/2029(b)       183,000     152,830
Lithia Motors, Inc., 3.88%, 06/01/2029(b)       303,000     261,448
Sonic Automotive, Inc.,                        
4.63%, 11/15/2029(b)       211,000     174,828
4.88%, 11/15/2031(b)       157,000     125,047
        1,234,256
Biotechnology–1.33%
Amgen, Inc.,                        
5.25%, 03/02/2025       157,000     157,502
5.15%, 03/02/2028       296,000     298,557
5.25%, 03/02/2030       136,000     137,105
5.25%, 03/02/2033       328,000     329,300
5.60%, 03/02/2043       267,000     264,705
5.65%, 03/02/2053       591,000     591,642
5.75%, 03/02/2063       656,000     652,695
        2,431,506
Brewers–0.09%
Anadolu Efes Biracilik ve Malt Sanayii A.S. (Turkey), 3.38%, 06/29/2028(b)       215,000     167,384
Broadline Retail–0.22%
Alibaba Group Holding Ltd. (China), 3.15%, 02/09/2051       336,000     217,785
Macy’s Retail Holdings LLC, 6.13%, 03/15/2032(b)         7,000       5,941
Prosus N.V. (China), 3.26%, 01/19/2027(b)       200,000     181,620
        405,346
  Principal
Amount 		Value
Cable & Satellite–1.26%
CCO Holdings LLC/CCO Holdings Capital Corp.,                      
5.00%, 02/01/2028(b)      $31,000      $28,211
6.38%, 09/01/2029(b)     197,000     183,965
4.75%, 03/01/2030(b)     102,000      86,146
4.50%, 08/15/2030(b)     124,000     102,187
7.38%, 03/01/2031(b)     186,000     178,147
4.50%, 05/01/2032     169,000     132,434
4.50%, 06/01/2033(b)      24,000      18,343
4.25%, 01/15/2034(b)      27,000      20,000
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.,                      
5.38%, 04/01/2038      42,000      35,455
3.50%, 06/01/2041     180,000     118,895
3.50%, 03/01/2042     187,000     122,252
5.75%, 04/01/2048     237,000     196,408
3.90%, 06/01/2052     173,000     108,928
Comcast Corp.,                      
5.50%, 11/15/2032     398,000     417,542
2.80%, 01/15/2051      73,000      47,796
CSC Holdings LLC,                      
5.25%, 06/01/2024      94,000      87,284
4.50%, 11/15/2031(b)     214,000     148,983
DISH Network Corp., 11.75%, 11/15/2027(b)      87,000      83,365
Virgin Media Secured Finance PLC (United Kingdom), 5.50%, 05/15/2029(b)     200,000     180,023
      2,296,364
Cargo Ground Transportation–0.43%
Penske Truck Leasing Co. L.P./PTL Finance Corp.,                      
5.75%, 05/24/2026(b)      74,000      73,870
4.40%, 07/01/2027(b)      76,000      72,297
5.70%, 02/01/2028(b)     176,000     175,224
5.55%, 05/01/2028(b)     248,000     245,198
6.20%, 06/15/2030(b)     108,000     108,655
Ryder System, Inc., 4.30%, 06/15/2027     112,000     108,533
      783,777
Casinos & Gaming–0.18%
CCM Merger, Inc., 6.38%, 05/01/2026(b)      85,000      82,257
Everi Holdings, Inc., 5.00%, 07/15/2029(b)      87,000      77,242
Las Vegas Sands Corp., 3.50%, 08/18/2026     175,000     162,178
      321,677
Commercial & Residential Mortgage Finance–0.59%
Aviation Capital Group LLC,                      
4.13%, 08/01/2025(b)     531,000     500,119
3.50%, 11/01/2027(b)     607,000     542,315
6.25%, 04/15/2028(b)      11,000      11,026
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 2.88%, 10/15/2026(b)      24,000      21,000
      1,074,460
See accompanying notes which are an integral part of this schedule.
Invesco Bond Fund
    Principal
Amount 		Value
Commodity Chemicals–0.12%
Mativ Holdings, Inc., 6.88%, 10/01/2026(b)       $251,000     $220,583
Computer & Electronics Retail–0.48%
Dell International LLC/EMC Corp.,                        
6.02%, 06/15/2026       621,000     635,810
3.45%, 12/15/2051(b)        70,000      45,186
Leidos, Inc.,                        
2.30%, 02/15/2031        20,000      15,630
5.75%, 03/15/2033       177,000     175,874
        872,500
Construction & Engineering–0.06%
AECOM, 5.13%, 03/15/2027        24,000      23,193
Howard Midstream Energy Partners LLC, 6.75%, 01/15/2027(b)        90,000      83,380
        106,573
Construction Machinery & Heavy Transportation Equipment–
0.01%
nVent Finance S.a.r.l. (United Kingdom), 5.65%, 05/15/2033        19,000      18,643
Construction Materials–0.20%
CRH America Finance, Inc. (Ireland), 3.95%, 04/04/2028(b)       384,000     365,654
Consumer Finance–0.39%
Ally Financial, Inc., 2.20%, 11/02/2028        24,000      19,163
Capital One Financial Corp., 5.27%, 05/10/2033(c)        45,000      42,983
FirstCash, Inc., 5.63%, 01/01/2030(b)        88,000      80,021
General Motors Financial Co., Inc.,                        
5.40%, 04/06/2026        58,000      57,760
5.00%, 04/09/2027       211,000     207,205
OneMain Finance Corp.,                        
6.88%, 03/15/2025        50,000      48,242
7.13%, 03/15/2026       153,000     146,468
3.88%, 09/15/2028        48,000      37,799
5.38%, 11/15/2029        90,000      73,684
        713,325
Consumer Staples Merchandise Retail–0.75%
Dollar General Corp.,                        
4.63%, 11/01/2027       106,000     105,317
5.00%, 11/01/2032        92,000      90,826
5.50%, 11/01/2052       188,000     183,581
Target Corp.,                        
4.40%, 01/15/2033        30,000      29,267
4.80%, 01/15/2053       218,000     205,311
Walmart, Inc.,                        
4.00%, 04/15/2030       169,000     166,041
4.10%, 04/15/2033       232,000     227,200
4.50%, 09/09/2052       202,000     193,634
4.50%, 04/15/2053       179,000     171,703
        1,372,880
Copper–0.12%
Freeport-McMoRan, Inc., 4.38%, 08/01/2028        25,000      23,544
  Principal
Amount 		Value
Copper–(continued)
PT Freeport Indonesia (Indonesia), 5.32%, 04/14/2032(b)     $200,000     $188,226
      211,770
Distillers & Vintners–0.10%
Brown-Forman Corp., 4.75%, 04/15/2033     117,000     117,368
Constellation Brands, Inc., 4.90%, 05/01/2033      65,000      63,894
      181,262
Distributors–0.01%
Genuine Parts Co., 2.75%, 02/01/2032      14,000      11,582
Diversified Banks–13.73%
Africa Finance Corp. (Supranational), 4.38%, 04/17/2026(b)   1,080,000   1,003,784
African Export-Import Bank (The) (Supranational),                      
2.63%, 05/17/2026(b)     211,000     190,270
3.80%, 05/17/2031(b)     200,000     162,206
Australia and New Zealand Banking Group Ltd. (Australia),                      
6.74%, 12/08/2032(b)     325,000     337,153
6.75%(b)(c)(d)     765,000     741,200
Banco do Brasil S.A. (Brazil), 3.25%, 09/30/2026(b)     263,000     244,064
Bank of America Corp.,                      
4.38%, 04/27/2028(c)     311,000     300,897
5.20%, 04/25/2029(c)     589,000     587,366
4.57%, 04/27/2033(c)     284,000     267,022
5.02%, 07/22/2033(c)     350,000     342,452
5.29%, 04/25/2034(c)     565,000     561,748
3.85%, 03/08/2037(c)      47,000      40,199
7.75%, 05/14/2038     765,000     910,530
2.68%, 06/19/2041(c)      75,000      51,533
Series AA, 6.10%(c)(d)   1,061,000   1,037,128
Series DD, 6.30%(c)(d)     302,000     305,020
Bank of China Ltd. (China), 5.00%, 11/13/2024(b)     540,000     534,930
Bank of Montreal (Canada), 5.30%, 06/05/2026     180,000     180,286
Bank of Nova Scotia (The) (Canada), 8.63%, 10/27/2082(c)     418,000     429,810
Barclays PLC (United Kingdom), 8.00%(c)(d)     332,000     288,840
BBVA Bancomer S.A. (Mexico), 4.38%, 04/10/2024(b)     385,000     380,821
BPCE S.A. (France), 5.98%, 01/18/2027(b)(c)     313,000     312,872
Citigroup, Inc.,                      
5.50%, 09/13/2025     842,000     842,336
2.57%, 06/03/2031(c)      33,000      27,655
3.79%, 03/17/2033(c)     227,000     201,679
6.17%, 05/25/2034(c)     573,000     581,446
2.90%, 11/03/2042(c)      92,000      64,739
3.88%(c)(d)      20,000      16,702
7.38%(c)(d)      18,000      17,910
Series A, 9.34% (3 mo. USD LIBOR + 4.07%)(d)(e)     108,000     107,730
Series V, 4.70%(c)(d)     260,000     226,096
See accompanying notes which are an integral part of this schedule.
Invesco Bond Fund
  Principal
Amount 		Value
Diversified Banks–(continued)
Cooperatieve Rabobank U.A. (Netherlands), 3.65%, 04/06/2028(b)(c)     $250,000     $233,446
Credit Suisse AG (Switzerland), 3.63%, 09/09/2024     250,000     239,573
Fifth Third Bancorp,                      
2.38%, 01/28/2025     109,000     101,147
2.55%, 05/05/2027      80,000      70,088
1.71%, 11/01/2027(c)     121,000     103,849
4.77%, 07/28/2030(c)     288,000     267,086
4.34%, 04/25/2033(c)     161,000     143,838
HSBC Holdings PLC (United Kingdom), 6.00%(c)(d)     845,000     751,345
JPMorgan Chase & Co.,                      
4.32%, 04/26/2028(c)     304,000     296,088
4.85%, 07/25/2028(c)     253,000     251,807
4.59%, 04/26/2033(c)     203,000     194,800
5.72%, 09/14/2033(c)     498,000     504,359
5.35%, 06/01/2034(c)     486,000     492,294
Series W, 6.32% (3 mo. USD LIBOR + 1.00%), 05/15/2047(e)     576,000     473,760
Series FF, 5.00%(c)(d)      35,000      33,513
KeyBank N.A.,                      
0.43%, 06/14/2024(c)     340,000     328,957
5.85%, 11/15/2027     262,000     243,350
KeyCorp,                      
3.88%, 05/23/2025(c)     169,000     153,873
2.55%, 10/01/2029     108,000      82,783
4.79%, 06/01/2033(c)     121,000     104,641
Mitsubishi UFJ Financial Group, Inc. (Japan),                      
5.02%, 07/20/2028(c)     223,000     220,557
5.24%, 04/19/2029(c)     204,000     203,560
1.80%, 07/20/2033(c)     306,000     302,637
5.41%, 04/19/2034(c)     205,000     206,165
Mizuho Financial Group, Inc. (Japan), 5.67%, 09/13/2033(c)     365,000     373,563
National Securities Clearing Corp., 5.10%, 11/21/2027(b)     327,000     327,739
NatWest Group PLC (United Kingdom), 6.02%, 03/02/2034(c)     202,000     206,314
PNC Financial Services Group, Inc. (The),                      
4.63%, 06/06/2033(c)     422,000     379,353
5.07%, 01/24/2034(c)     251,000     242,511
Series W, 6.25%(c)(d)      36,000      32,760
Royal Bank of Canada (Canada), 5.00%, 02/01/2033     385,000     379,970
Standard Chartered PLC (United Kingdom),                      
3.27%, 02/18/2036(b)(c)     471,000     375,483
4.30%(b)(c)(d)     393,000     277,157
7.75%(b)(c)(d)     406,000     396,228
Sumitomo Mitsui Financial Group, Inc. (Japan), 5.77%, 01/13/2033     632,000     660,736
Synovus Bank, 5.63%, 02/15/2028     874,000     778,393
Toronto-Dominion Bank (The) (Canada), 8.13%, 10/31/2082(c)     340,000     349,289
U.S. Bancorp,                      
4.97%, 07/22/2033(c)     194,000     175,877
5.85%, 10/21/2033(c)     346,000     349,402
2.49%, 11/03/2036(c)     370,000     273,675
    Principal
Amount 		Value
Diversified Banks–(continued)
Wells Fargo & Co.,                        
4.81%, 07/25/2028(c)       $149,000     $146,730
4.90%, 07/25/2033(c)       146,000     140,971
5.39%, 04/24/2034(c)       184,000     184,352
5.38%, 11/02/2043     1,329,000   1,251,319
4.75%, 12/07/2046       257,000     216,884
4.61%, 04/25/2053(c)       251,000     216,754
Westpac Banking Corp. (Australia), 5.41%, 08/10/2033(c)        24,000      22,752
        25,058,152
Diversified Capital Markets–0.40%
Credit Suisse Group AG (Switzerland),                        
4.50%(b)(d)(f)       268,000       9,380
5.25%(b)(d)(f)       248,000       8,680
UBS Group AG (Switzerland),                        
5.71%, 01/12/2027(b)(c)       250,000     248,041
4.75%, 05/12/2028(b)(c)       296,000     283,810
4.38%(b)(c)(d)       258,000     176,745
        726,656
Diversified Chemicals–0.48%
Braskem Netherlands Finance B.V. (Brazil), 7.25%, 02/13/2033(b)       200,000     193,032
Celanese US Holdings LLC,                        
5.90%, 07/05/2024       332,000     331,710
6.05%, 03/15/2025       352,000     353,592
        878,334
Diversified Financial Services–1.58%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland),                        
4.50%, 09/15/2023       323,000     321,589
5.75%, 06/06/2028       334,000     331,391
Jackson Financial, Inc.,                        
5.17%, 06/08/2027        71,000      67,960
5.67%, 06/08/2032        22,000      21,011
Jane Street Group/JSG Finance, Inc., 4.50%, 11/15/2029(b)        90,000      76,852
OPEC Fund for International Development (The) (Supranational), 4.50%, 01/26/2026(b)       345,000     344,280
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC, 4.00%, 10/15/2027(b)        94,000      82,949
Pershing Square Holdings Ltd.,                        
3.25%, 11/15/2030(b)     1,000,000     793,450
3.25%, 10/01/2031(b)     1,000,000     765,115
Scientific Games Holdings L.P./Scientific Games US FinCo, Inc., 6.63%, 03/01/2030(b)        95,000      83,616
        2,888,213
Diversified Metals & Mining–0.40%
Corp. Nacional del Cobre de Chile (Chile), 5.13%, 02/02/2033(b)       200,000     199,198
FMG Resources August 2006 Pty. Ltd. (Australia), 4.38%, 04/01/2031(b)        44,000      37,226
Hudbay Minerals, Inc. (Canada),                        
4.50%, 04/01/2026(b)         5,000       4,588
6.13%, 04/01/2029(b)        86,000      77,347
Rio Tinto Finance (USA) PLC (Australia), 5.13%, 03/09/2053       329,000     326,523
See accompanying notes which are an integral part of this schedule.
Invesco Bond Fund
    Principal
Amount 		Value
Diversified Metals & Mining–(continued)
Teck Resources Ltd. (Canada), 6.13%, 10/01/2035        $78,000      $79,396
        724,278
Diversified REITs–0.41%
CubeSmart L.P., 2.50%, 02/15/2032        20,000      15,975
Trust Fibra Uno (Mexico),                        
5.25%, 12/15/2024(b)       283,000     275,413
5.25%, 01/30/2026(b)       464,000     445,908
VICI Properties L.P., 5.13%, 05/15/2032        22,000      20,560
        757,856
Diversified Support Services–0.24%
Ritchie Bros. Holdings, Inc. (Canada),                        
6.75%, 03/15/2028(b)       211,000     213,772
7.75%, 03/15/2031(b)       215,000     224,357
        438,129
Drug Retail–1.16%
CK Hutchison International (23) Ltd. (United Kingdom),                        
4.75%, 04/21/2028(b)       323,000     324,688
4.88%, 04/21/2033(b)       295,000     296,671
CVS Pass-Through Trust,                        
6.04%, 12/10/2028       518,036     522,897
5.77%, 01/10/2033(b)     1,002,836     980,410
        2,124,666
Education Services–0.14%
Grand Canyon University, 3.25%, 10/01/2023       260,000     256,750
Electric Utilities–4.48%
American Electric Power Co., Inc., 3.88%, 02/15/2062(c)       444,000     359,639
Connecticut Light and Power Co. (The), 5.25%, 01/15/2053       147,000     147,679
Consolidated Edison Co. of New York, Inc., 6.15%, 11/15/2052        90,000      96,948
Duke Energy Carolinas LLC, 5.35%, 01/15/2053       267,000     267,606
Duke Energy Corp.,                        
5.00%, 12/08/2027       108,000     108,319
5.00%, 08/15/2052       285,000     254,764
3.25%, 01/15/2082(c)       119,000      89,539
Duke Energy Indiana LLC, 5.40%, 04/01/2053       202,000     200,918
Electricidad Firme de Mexico Holdings S.A. de C.V. (Mexico), 4.90%, 11/20/2026(b)       218,000     193,137
Electricite de France S.A. (France), 6.00%, 01/22/2114(b)     1,655,000   1,465,891
Enel Finance America LLC (Italy),                        
7.10%, 10/14/2027(b)       204,000     217,288
2.88%, 07/12/2041(b)       305,000     197,387
Enel Finance International N.V. (Italy), 6.80%, 10/14/2025(b)       212,000     218,499
Evergy Metro, Inc., 4.95%, 04/15/2033       101,000      99,623
Exelon Corp., 5.60%, 03/15/2053       186,000     184,077
FirstEnergy Corp., Series B, 4.15%, 07/15/2027       160,000     153,299
    Principal
Amount 		Value
Electric Utilities–(continued)
Georgia Power Co.,                        
4.65%, 05/16/2028       $240,000     $237,593
4.95%, 05/17/2033       330,000     325,636
Mercury Chile Holdco LLC (Chile), 6.50%, 01/24/2027(b)       317,000     290,848
Metropolitan Edison Co., 5.20%, 04/01/2028(b)        57,000      57,479
National Rural Utilities Cooperative Finance Corp.,                        
4.45%, 03/13/2026        93,000      92,469
2.75%, 04/15/2032        90,000      75,723
5.80%, 01/15/2033       188,000     198,644
7.13%, 09/15/2053(c)       266,000     267,185
NextEra Energy Capital Holdings, Inc.,                        
6.05%, 03/01/2025       188,000     190,168
4.63%, 07/15/2027       352,000     349,816
5.00%, 07/15/2032       112,000     110,761
NRG Energy, Inc., 4.45%, 06/15/2029(b)        94,000      84,093
Oklahoma Gas and Electric Co., 5.60%, 04/01/2053        98,000      98,476
Public Service Co. of Colorado, 5.25%, 04/01/2053       156,000     154,457
Public Service Electric and Gas Co., 5.13%, 03/15/2053        98,000      97,304
Southern Co. (The),                        
5.70%, 10/15/2032       151,000     155,737
Series B, 4.00%, 01/15/2051(c)       297,000     277,466
Southwestern Electric Power Co., 5.30%, 04/01/2033       138,000     137,093
Talen Energy Supply LLC, 8.63%, 06/01/2030(b)        42,000      42,785
Tampa Electric Co., 5.00%, 07/15/2052       114,000     106,307
Virginia Electric & Power Co.,                        
Series B, 3.75%, 05/15/2027       101,000      97,892
Series C, 4.63%, 05/15/2052        81,000      70,318
Virginia Electric and Power Co., 5.00%, 04/01/2033       150,000     148,669
Vistra Operations Co. LLC,                        
5.13%, 05/13/2025(b)        48,000      46,909
5.50%, 09/01/2026(b)        50,000      48,633
5.63%, 02/15/2027(b)        29,000      27,922
5.00%, 07/31/2027(b)        55,000      51,743
4.38%, 05/01/2029(b)        96,000      83,761
        8,180,500
Electrical Components & Equipment–0.87%
CenterPoint Energy Houston Electric LLC, Series AJ, 4.85%, 10/01/2052       300,000     283,146
EnerSys, 4.38%, 12/15/2027(b)        90,000      83,814
Regal Rexnord Corp.,                        
6.05%, 04/15/2028(b)       345,000     341,258
6.30%, 02/15/2030(b)        22,000      21,969
6.40%, 04/15/2033(b)       599,000     593,033
Sensata Technologies B.V.,                        
5.00%, 10/01/2025(b)        55,000      54,127
5.88%, 09/01/2030(b)       210,000     203,009
        1,580,356
See accompanying notes which are an integral part of this schedule.
Invesco Bond Fund
    Principal
Amount 		Value
Electronic Components–0.58%
Corning, Inc., 5.45%, 11/15/2079     $1,033,000     $915,751
Sensata Technologies, Inc., 3.75%, 02/15/2031(b)       176,000     149,438
        1,065,189
Electronic Equipment & Instruments–0.01%
Trimble, Inc., 6.10%, 03/15/2033        18,000      18,236
Electronic Manufacturing Services–0.30%
Emerald Debt Merger Sub LLC, 6.63%, 12/15/2030(b)       517,000     513,511
Jabil, Inc., 3.00%, 01/15/2031        40,000      33,561
        547,072
Environmental & Facilities Services–0.15%
Clean Harbors, Inc., 6.38%, 02/01/2031(b)       131,000     131,374
Republic Services, Inc.,                        
4.88%, 04/01/2029        48,000      48,137
5.00%, 04/01/2034       102,000     102,211
        281,722
Financial Exchanges & Data–1.03%
B3 S.A. - Brasil, Bolsa, Balcao (Brazil), 4.13%, 09/20/2031(b)       225,000     191,306
Intercontinental Exchange, Inc.,                        
4.00%, 09/15/2027       207,000     203,502
4.35%, 06/15/2029       175,000     172,504
4.60%, 03/15/2033       168,000     164,161
4.95%, 06/15/2052       228,000     216,811
5.20%, 06/15/2062       306,000     306,319
Moody’s Corp.,                        
4.25%, 08/08/2032        83,000      79,655
2.75%, 08/19/2041        82,000      57,623
5.25%, 07/15/2044       292,000     284,907
3.75%, 02/25/2052       112,000      87,290
3.10%, 11/29/2061       186,000     118,865
        1,882,943
Food Distributors–0.03%
American Builders & Contractors Supply Co., Inc., 3.88%, 11/15/2029(b)        57,000      48,590
Gas Utilities–0.06%
Southwest Gas Corp., 5.45%, 03/23/2028       102,000     102,341
Gold–0.05%
New Gold, Inc. (Canada), 7.50%, 07/15/2027(b)        89,000      83,583
Health Care Equipment–0.18%
Alcon Finance Corp. (Switzerland), 5.38%, 12/06/2032(b)       200,000     203,409
Becton, Dickinson and Co., 4.69%, 02/13/2028       124,000     123,833
        327,242
Health Care Facilities–1.08%
Encompass Health Corp., 4.50%, 02/01/2028        85,000      78,414
    Principal
Amount 		Value
Health Care Facilities–(continued)
HCA, Inc.,                        
5.00%, 03/15/2024       $557,000     $553,237
5.38%, 02/01/2025        37,000      36,762
5.25%, 04/15/2025        30,000      29,775
5.88%, 02/15/2026        71,000      71,358
5.38%, 09/01/2026        18,000      17,931
3.50%, 09/01/2030       196,000     173,405
5.50%, 06/01/2033        45,000      44,936
5.90%, 06/01/2053       329,000     317,439
Tenet Healthcare Corp., 4.88%, 01/01/2026       385,000     372,765
UPMC,                        
5.04%, 05/15/2033       219,000     214,054
5.38%, 05/15/2043        73,000      70,901
        1,980,977
Health Care REITs–0.24%
CTR Partnership L.P./CareTrust Capital Corp., 3.88%, 06/30/2028(b)        89,000      76,641
Diversified Healthcare Trust,                        
4.75%, 05/01/2024        43,000      39,280
4.38%, 03/01/2031        28,000      20,071
MPT Operating Partnership L.P./MPT Finance Corp., 3.50%, 03/15/2031       241,000     162,973
Omega Healthcare Investors, Inc., 3.25%, 04/15/2033       182,000     134,786
        433,751
Health Care Services–0.84%
Community Health Systems, Inc.,                        
5.25%, 05/15/2030(b)        63,000      47,377
4.75%, 02/15/2031(b)        42,000      30,235
CVS Health Corp.,                        
5.00%, 01/30/2029       316,000     316,432
5.25%, 01/30/2031        62,000      62,292
5.30%, 06/01/2033       242,000     242,779
5.88%, 06/01/2053       115,000     115,744
6.00%, 06/01/2063       103,000     103,539
DaVita, Inc., 3.75%, 02/15/2031(b)        56,000      44,508
Piedmont Healthcare, Inc.,                        
Series 2032, 2.04%, 01/01/2032       125,000      98,871
Series 2042, 2.72%, 01/01/2042       121,000      84,352
2.86%, 01/01/2052       138,000      88,735
Providence St. Joseph Health Obligated Group, Series 21-A, 2.70%, 10/01/2051       367,000     216,757
Select Medical Corp., 6.25%, 08/15/2026(b)        85,000      82,754
        1,534,375
Health Care Supplies–0.06%
Medline Borrower L.P., 3.88%, 04/01/2029(b)       122,000     105,352
Home Improvement Retail–1.05%
Home Depot, Inc. (The), 4.95%, 09/15/2052       138,000     133,999
See accompanying notes which are an integral part of this schedule.
Invesco Bond Fund
    Principal
Amount 		Value
Home Improvement Retail–(continued)
Lowe’s Cos., Inc.,                        
5.00%, 04/15/2033       $327,000     $324,098
5.15%, 07/01/2033       265,000     264,538
5.63%, 04/15/2053       374,000     365,459
5.75%, 07/01/2053        79,000      78,363
5.80%, 09/15/2062       311,000     301,346
5.85%, 04/01/2063       464,000     452,057
        1,919,860
Homebuilding–0.41%
M.D.C. Holdings, Inc.,                        
3.85%, 01/15/2030       389,000     338,197
6.00%, 01/15/2043       413,000     364,025
3.97%, 08/06/2061        82,000      48,265
        750,487
Hotel & Resort REITs–0.20%
Service Properties Trust,                        
5.50%, 12/15/2027       228,000     198,444
4.38%, 02/15/2030       233,000     169,419
        367,863
Hotels, Resorts & Cruise Lines–0.57%
Carnival Corp.,                        
10.50%, 02/01/2026(b)        75,000      78,006
4.00%, 08/01/2028(b)        97,000      84,690
Expedia Group, Inc., 4.63%, 08/01/2027       214,000     208,587
Hilton Domestic Operating Co., Inc.,                        
5.75%, 05/01/2028(b)        53,000      52,332
4.88%, 01/15/2030       179,000     166,597
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/2027        31,000      30,128
IRB Holding Corp., 7.00%, 06/15/2025(b)        83,000      83,296
Marriott International, Inc., 4.90%, 04/15/2029       210,000     206,121
Royal Caribbean Cruises Ltd., 4.25%, 07/01/2026(b)       141,000     129,353
        1,039,110
Household Products–0.04%
Prestige Brands, Inc., 3.75%, 04/01/2031(b)        98,000      80,811
Housewares & Specialties–0.01%
Newell Brands, Inc., 6.38%, 09/15/2027        15,000      14,304
Independent Power Producers & Energy Traders–0.30%
Calpine Corp., 3.75%, 03/01/2031(b)        69,000      56,328
Clearway Energy Operating LLC, 4.75%, 03/15/2028(b)        88,000      82,028
EnfraGen Energia Sur S.A./EnfraGen Spain S.A./Prime Energia S.p.A. (Colombia), 5.38%, 12/30/2030(b)       376,000     241,348
TransAlta Corp. (Canada), 7.75%, 11/15/2029        80,000      83,308
Vistra Corp., 7.00%(b)(c)(d)        92,000      81,008
        544,020
    Principal
Amount 		Value
Industrial Conglomerates–0.63%
Bidvest Group UK PLC (The) (South Africa), 3.63%, 09/23/2026(b)       $234,000     $208,480
Honeywell International, Inc.,                        
4.25%, 01/15/2029       252,000     249,152
5.00%, 02/15/2033       321,000     330,670
4.50%, 01/15/2034       275,000     271,151
Icahn Enterprises L.P./Icahn Enterprises Finance Corp., 4.38%, 02/01/2029       109,000      83,536
        1,142,989
Industrial Machinery & Supplies & Components–0.12%
EnPro Industries, Inc., 5.75%, 10/15/2026       167,000     163,634
Flowserve Corp., 2.80%, 01/15/2032        54,000      43,210
Roller Bearing Co. of America, Inc., 4.38%, 10/15/2029(b)        11,000       9,749
        216,593
Industrial REITs–0.58%
LXP Industrial Trust, 2.38%, 10/01/2031        55,000      41,854
Prologis L.P.,                        
4.63%, 01/15/2033       365,000     357,390
4.75%, 06/15/2033       395,000     386,562
5.25%, 06/15/2053       280,000     273,686
        1,059,492
Insurance Brokers–0.26%
Aon Corp./Aon Global Holdings PLC, 5.35%, 02/28/2033       100,000     101,583
Arthur J. Gallagher & Co., 5.50%, 03/02/2033       156,000     158,656
Marsh & McLennan Cos., Inc.,                        
6.25%, 11/01/2052       102,000     113,354
5.45%, 03/15/2053        97,000      97,120
        470,713
Integrated Oil & Gas–2.00%
BP Capital Markets America, Inc.,                        
4.81%, 02/13/2033       392,000     387,851
4.89%, 09/11/2033       209,000     207,717
3.06%, 06/17/2041       154,000     114,522
3.00%, 03/17/2052       141,000      94,955
BP Capital Markets PLC (United Kingdom), 4.38%(c)(d)       294,000     282,975
Ecopetrol S.A. (Colombia), 8.88%, 01/13/2033       520,000     508,891
Occidental Petroleum Corp.,                        
6.13%, 01/01/2031       126,000     128,175
6.20%, 03/15/2040       557,000     544,401
Petroleos Mexicanos (Mexico),                        
8.75%, 06/02/2029       419,000     371,845
6.70%, 02/16/2032       263,000     197,304
10.00%, 02/07/2033(b)       160,000     143,627
Petronas Capital Ltd. (Malaysia), 3.40%, 04/28/2061(b)       295,000     211,437
Saudi Arabian Oil Co. (Saudi Arabia), 4.38%, 04/16/2049(b)       346,000     296,053
See accompanying notes which are an integral part of this schedule.
Invesco Bond Fund
    Principal
Amount 		Value
Integrated Oil & Gas–(continued)
Shell International Finance B.V. (Netherlands),                        
2.88%, 11/26/2041        $69,000      $50,771
3.00%, 11/26/2051       148,000     102,514
        3,643,038
Integrated Telecommunication Services–2.37%
Altice France S.A. (France),                        
5.13%, 07/15/2029(b)       200,000     142,595
5.50%, 10/15/2029(b)        55,000      39,963
AT&T, Inc.,                        
5.40%, 02/15/2034       287,000     287,854
3.55%, 09/15/2055     1,998,000   1,375,894
British Telecommunications PLC (United Kingdom), 4.25%, 11/23/2081(b)(c)       470,000     414,904
IHS Holding Ltd. (Nigeria),                        
5.63%, 11/29/2026(b)       206,000     176,130
6.25%, 11/29/2028(b)       200,000     160,648
Iliad Holding S.A.S. (France), 6.50%, 10/15/2026(b)       250,000     235,615
Level 3 Financing, Inc.,                        
3.75%, 07/15/2029(b)       220,000     119,378
10.50%, 05/15/2030(b)         6,000       5,707
Telecom Italia S.p.A. (Italy), 5.30%, 05/30/2024(b)       200,000     195,032
Telefonica Emisiones S.A. (Spain), 7.05%, 06/20/2036       809,000     884,202
Verizon Communications, Inc.,                        
3.40%, 03/22/2041        67,000      51,171
3.00%, 11/20/2060       216,000     132,576
3.70%, 03/22/2061       145,000     103,478
        4,325,147
Interactive Home Entertainment–0.09%
Electronic Arts, Inc., 2.95%, 02/15/2051       114,000      76,354
Roblox Corp., 3.88%, 05/01/2030(b)       111,000      95,192
        171,546
Interactive Media & Services–1.43%
Baidu, Inc. (China),                        
3.08%, 04/07/2025       210,000     201,592
1.72%, 04/09/2026       210,000     189,923
Match Group Holdings II LLC,                        
4.63%, 06/01/2028(b)       133,000     121,566
3.63%, 10/01/2031(b)         5,000       4,079
Meta Platforms, Inc.,                        
3.85%, 08/15/2032       188,000     174,530
4.45%, 08/15/2052       417,000     353,134
4.65%, 08/15/2062       320,000     272,534
5.75%, 05/15/2063       333,000     331,781
Tencent Holdings Ltd. (China),                        
3.60%, 01/19/2028(b)       620,000     583,421
3.93%, 01/19/2038(b)       448,000     375,841
        2,608,401
Internet Services & Infrastructure–0.07%
Twilio, Inc., 3.63%, 03/15/2029        99,000      85,612
VeriSign, Inc., 2.70%, 06/15/2031        61,000      50,862
        136,474
    Principal
Amount 		Value
Investment Banking & Brokerage–2.41%
Charles Schwab Corp. (The),                        
5.64%, 05/19/2029(c)       $279,000     $279,559
5.85%, 05/19/2034(c)       280,000     284,039
Series G, 5.38%(c)(d)       134,000     129,480
Series K, 5.00%(c)(d)       177,000     150,485
Goldman Sachs Group, Inc. (The),                        
5.70% (SOFR + 0.81%), 03/09/2027(e)       575,000     567,695
5.97% (SOFR + 0.92%), 10/21/2027(e)       108,000     106,445
6.22% (SOFR + 1.12%), 02/24/2028(e)       112,000     110,987
6.75%, 10/01/2037        30,000      32,048
4.80%, 07/08/2044       730,000     660,650
Series T, 3.80%(c)(d)        15,000      11,933
Series V, 4.13%(c)(d)       194,000     157,963
Jefferies Financial Group, Inc., 4.15%, 01/23/2030        30,000      27,191
Morgan Stanley,                        
5.12%, 02/01/2029(c)       163,000     162,278
5.16%, 04/20/2029(c)       663,000     661,332
3.62%, 04/01/2031(c)       176,000     159,305
2.51%, 10/20/2032(c)        69,000      56,048
5.25%, 04/21/2034(c)       638,000     633,889
5.95%, 01/19/2038(c)       132,000     130,500
Raymond James Financial, Inc., 3.75%, 04/01/2051        98,000      71,781
        4,393,608
IT Consulting & Other Services–0.14%
DXC Technology Co., 2.38%, 09/15/2028       107,000      89,689
Gartner, Inc.,                        
4.50%, 07/01/2028(b)        95,000      89,565
3.63%, 06/15/2029(b)        51,000      45,378
3.75%, 10/01/2030(b)        29,000      25,474
        250,106
Leisure Facilities–0.17%
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/2028(b)        83,000      89,920
NCL Corp. Ltd., 5.88%, 02/15/2027(b)        90,000      85,800
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/2029(b)        99,000      86,496
VOC Escrow Ltd., 5.00%, 02/15/2028(b)        48,000      43,269
        305,485
Life & Health Insurance–2.34%
American Equity Investment Life Holding Co., 5.00%, 06/15/2027       216,000     211,231
Athene Holding Ltd., 6.15%, 04/03/2030        50,000      50,421
Brighthouse Financial, Inc., 4.70%, 06/22/2047        14,000      10,242
Delaware Life Global Funding, Series 21-1, 2.66%, 06/29/2026(b)     1,080,000     972,907
F&G Annuities & Life, Inc., 7.40%, 01/13/2028(b)       322,000     323,646
MAG Mutual Holding Co., 4.75%, 04/30/2041(b)(g)     1,039,000     844,801
See accompanying notes which are an integral part of this schedule.
Invesco Bond Fund
    Principal
Amount 		Value
Life & Health Insurance–(continued)
MetLife, Inc.,                        
5.00%, 07/15/2052       $110,000     $100,235
5.25%, 01/15/2054       479,000     456,428
Nationwide Financial Services, Inc., 3.90%, 11/30/2049(b)        25,000      18,153
New York Life Global Funding, 4.55%, 01/28/2033(b)       299,000     291,514
Pacific Life Global Funding II,                        
5.79% (SOFR + 0.80%), 03/30/2025(b)(e)       348,000     345,554
5.72% (SOFR + 0.62%), 06/04/2026(b)(e)       148,000     144,058
Principal Financial Group, Inc.,                        
5.38%, 03/15/2033       199,000     199,114
5.50%, 03/15/2053       265,000     248,225
Sammons Financial Group, Inc., 4.75%, 04/08/2032(b)        65,000      55,186
        4,271,715
Life Sciences Tools & Services–0.01%
Syneos Health, Inc., 3.63%, 01/15/2029(b)        25,000      24,210
Managed Health Care–1.05%
Centene Corp., 2.50%, 03/01/2031        35,000      28,041
Kaiser Foundation Hospitals,                        
Series 2021,
2.81%, 06/01/2041 		      280,000     203,947
3.00%, 06/01/2051       295,000     204,837
UnitedHealth Group, Inc.,                        
4.25%, 01/15/2029       153,000     150,796
5.30%, 02/15/2030       513,000     531,685
5.35%, 02/15/2033       441,000     459,951
4.50%, 04/15/2033        67,000      65,783
5.05%, 04/15/2053       147,000     144,436
5.20%, 04/15/2063       121,000     118,554
        1,908,030
Mortgage REITs–0.04%
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 4.75%, 06/15/2029(b)       102,000      79,836
Movies & Entertainment–0.29%
Cinemark USA, Inc.,                        
5.88%, 03/15/2026(b)        59,000      56,143
5.25%, 07/15/2028(b)        80,000      70,130
Tencent Music Entertainment Group (China),                        
1.38%, 09/03/2025       210,000     191,528
2.00%, 09/03/2030       235,000     185,579
Warnermedia Holdings, Inc., 4.28%, 03/15/2032        25,000      21,855
        525,235
Multi-Family Residential REITs–0.05%
AvalonBay Communities, Inc., 5.00%, 02/15/2033        89,000      89,335
Multi-line Insurance–0.05%
Massachusetts Mutual Life Insurance Co., 5.67%, 12/01/2052(b)        98,000      99,354
    Principal
Amount 		Value
Multi-Utilities–0.75%
Ameren Illinois Co.,                        
4.95%, 06/01/2033       $161,000     $161,422
5.90%, 12/01/2052       100,000     108,587
Dominion Energy, Inc., 5.38%, 11/15/2032       502,000     504,139
NiSource, Inc., 5.25%, 03/30/2028        65,000      65,521
San Diego Gas & Electric Co., 5.35%, 04/01/2053       382,000     377,973
WEC Energy Group, Inc., 4.75%, 01/15/2028       155,000     153,288
        1,370,930
Office REITs–0.77%
Alexandria Real Estate Equities, Inc.,                        
3.95%, 01/15/2027       265,000     254,364
2.95%, 03/15/2034        19,000      15,125
4.75%, 04/15/2035         5,000       4,674
Boston Properties L.P.,                        
2.90%, 03/15/2030       124,000      98,718
3.25%, 01/30/2031        69,000      55,306
2.55%, 04/01/2032       133,000      98,072
2.45%, 10/01/2033       134,000      94,321
Brandywine Operating Partnership L.P., 7.55%, 03/15/2028       361,000     307,780
Office Properties Income Trust,                        
4.50%, 02/01/2025       436,000     364,477
2.40%, 02/01/2027       192,000     120,995
        1,413,832
Oil & Gas Drilling–0.39%
Delek Logistics Partners L.P./Delek Logistics Finance Corp., 7.13%, 06/01/2028(b)        91,000      82,915
Noble Finance II LLC, 8.00%, 04/15/2030(b)        85,000      86,217
Rockies Express Pipeline LLC,                        
4.95%, 07/15/2029(b)        37,000      33,254
4.80%, 05/15/2030(b)        70,000      60,553
6.88%, 04/15/2040(b)        57,000      49,087
Transocean, Inc., 8.75%, 02/15/2030(b)        78,000      78,050
Valaris Ltd., 8.38%, 04/30/2030(b)       333,000     331,020
        721,096
Oil & Gas Equipment & Services–0.23%
Enerflex Ltd. (Canada), 9.00%, 10/15/2027(b)       235,000     228,878
Petrofac Ltd. (United Kingdom), 9.75%, 11/15/2026(b)       256,000     186,659
        415,537
Oil & Gas Exploration & Production–1.40%
Aethon United BR L.P./Aethon United Finance Corp., 8.25%, 02/15/2026(b)       255,000     247,077
Apache Corp.,                        
7.75%, 12/15/2029       149,000     154,349
4.25%, 01/15/2030        46,000      41,358
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 7.00%, 11/01/2026(b)        80,000      76,777
Baytex Energy Corp. (Canada), 8.50%, 04/30/2030(b)       234,000     228,982
See accompanying notes which are an integral part of this schedule.
Invesco Bond Fund
  Principal
Amount 		Value
Oil & Gas Exploration & Production–(continued)
Callon Petroleum Co., 8.00%, 08/01/2028(b)      $84,000      $82,240
Cameron LNG LLC,                      
3.30%, 01/15/2035(b)     159,000     132,766
3.40%, 01/15/2038(b)     343,000     287,927
EQT Corp., 5.70%, 04/01/2028     110,000     109,514
Galaxy Pipeline Assets Bidco Ltd. (United Arab Emirates),                      
2.16%, 03/31/2034(b)     263,469     224,926
2.94%, 09/30/2040(b)     226,064     182,948
Hilcorp Energy I L.P./Hilcorp Finance Co.,                      
6.00%, 04/15/2030(b)      76,000      68,594
6.00%, 02/01/2031(b)      30,000      26,813
6.25%, 04/15/2032(b)      26,000      23,287
Murphy Oil Corp.,                      
6.38%, 07/15/2028      85,000      83,876
5.88%, 12/01/2042      30,000      24,544
Strathcona Resources Ltd. (Canada), 6.88%, 08/01/2026(b)     105,000      88,572
Transocean Titan Financing Ltd., 8.38%, 02/01/2028(b)     237,000     240,261
Uzbekneftegaz JSC (Uzbekistan), 4.75%, 11/16/2028(b)     278,000     224,471
      2,549,282
Oil & Gas Refining & Marketing–0.19%
Parkland Corp. (Canada), 4.50%, 10/01/2029(b)      98,000      84,858
Phillips 66, 5.30%, 06/30/2033     256,000     254,948
      339,806
Oil & Gas Storage & Transportation–4.28%
Boardwalk Pipelines L.P., 3.60%, 09/01/2032      58,000      49,495
Crestwood Midstream Partners L.P./Crestwood Midstream Finance Corp., 8.00%, 04/01/2029(b)     171,000     172,099
El Paso Natural Gas Co. LLC, 8.38%, 06/15/2032     101,000     115,965
Enbridge, Inc. (Canada),                      
5.70%, 03/08/2033     280,000     284,878
3.40%, 08/01/2051      53,000      35,861
7.38%, 01/15/2083(c)     329,000     324,689
7.63%, 01/15/2083(c)     247,000     249,599
Energy Transfer L.P.,                      
5.88%, 01/15/2024      85,000      85,026
5.55%, 02/15/2028      71,000      71,243
5.75%, 02/15/2033     174,000     174,640
5.00%, 05/15/2050     224,000     183,491
Enterprise Products Operating LLC,                      
5.35%, 01/31/2033      20,000      20,400
4.20%, 01/31/2050     235,000     190,498
3.30%, 02/15/2053      78,000      54,390
Series D,
6.88%, 03/01/2033 		     74,000      83,435
8.30% (3 mo. USD LIBOR + 2.99%), 08/16/2077(e)     200,000     194,352
Genesis Energy L.P./Genesis Energy Finance Corp.,                      
8.00%, 01/15/2027      80,000      78,012
7.75%, 02/01/2028      48,000      46,190
8.88%, 04/15/2030      95,000      93,521
    Principal
Amount 		Value
Oil & Gas Storage & Transportation–(continued)
Global Partners L.P./GLP Finance Corp., 7.00%, 08/01/2027        $86,000      $82,651
GreenSaif Pipelines Bidco S.a.r.l. (Saudi Arabia),                        
6.13%, 02/23/2038(b)       200,000     206,603
6.51%, 02/23/2042(b)       200,000     209,703
Hess Midstream Operations L.P., 5.63%, 02/15/2026(b)       124,000     121,787
Kinder Morgan, Inc.,                        
7.80%, 08/01/2031       186,000     209,220
4.80%, 02/01/2033        33,000      31,145
5.20%, 06/01/2033       304,000     293,754
5.45%, 08/01/2052       540,000     479,276
MPLX L.P.,                        
4.80%, 02/15/2029       228,000     222,076
5.00%, 03/01/2033       171,000     164,634
4.70%, 04/15/2048       260,000     208,645
5.50%, 02/15/2049       369,000     329,514
4.95%, 03/14/2052       363,000     299,220
5.65%, 03/01/2053        62,000      56,664
NGL Energy Partners L.P./NGL Energy Finance Corp., 7.50%, 04/15/2026        46,000      41,587
Northern Natural Gas Co., 3.40%, 10/16/2051(b)        70,000      48,249
ONEOK Partners L.P., 6.85%, 10/15/2037       253,000     260,201
ONEOK, Inc.,                        
6.35%, 01/15/2031       410,000     422,913
6.10%, 11/15/2032       132,000     133,814
Plains All American Pipeline L.P., Series B, 9.43% (3 mo. USD LIBOR + 4.11%)(d)(e)        36,000      31,545
Plains All American Pipeline L.P./PAA Finance Corp., 3.55%, 12/15/2029        40,000      35,421
Sabine Pass Liquefaction LLC, 5.90%, 09/15/2037(b)       224,000     227,080
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 9.00%, 10/15/2026(b)(h)        85,000      81,085
Sunoco L.P./Sunoco Finance Corp., 5.88%, 03/15/2028        86,000      82,952
Targa Resources Corp.,                        
5.20%, 07/01/2027       234,000     231,119
6.25%, 07/01/2052       237,000     224,092
Targa Resources Partners L.P./Targa Resources Partners Finance Corp.,                        
5.00%, 01/15/2028        33,000      31,851
5.50%, 03/01/2030        11,000      10,586
Venture Global Calcasieu Pass LLC, 3.88%, 11/01/2033(b)        98,000      80,386
Western Midstream Operating L.P., 6.15%, 04/01/2033       206,000     205,630
Williams Cos., Inc. (The),                        
4.55%, 06/24/2024        67,000      66,195
2.60%, 03/15/2031        28,000      23,179
4.65%, 08/15/2032        56,000      53,010
5.65%, 03/15/2033        21,000      21,244
3.50%, 10/15/2051       118,000      80,570
        7,815,385
See accompanying notes which are an integral part of this schedule.
Invesco Bond Fund
    Principal
Amount 		Value
Other Specialized REITs–0.05%
EPR Properties, 3.60%, 11/15/2031       $119,000      $91,112
Other Specialty Retail–0.05%
Tractor Supply Co., 5.25%, 05/15/2033        96,000      95,540
Packaged Foods & Meats–0.45%
McCormick & Co., Inc., 4.95%, 04/15/2033        84,000      82,269
Minerva Luxembourg S.A. (Brazil), 4.38%, 03/18/2031(b)       943,000     731,728
        813,997
Passenger Airlines–1.70%
American Airlines Pass-Through Trust,                        
Series 2021-1, Class B, 3.95%, 07/11/2030       217,740     190,986
Series 2021-1, Class A, 2.88%, 07/11/2034       194,638     161,741
American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 04/20/2026(b)       255,000     250,489
British Airways Pass-Through Trust (United Kingdom),                        
Series 2019-1, Class AA, 3.30%, 12/15/2032(b)       382,558     330,773
Series 2021-1, Class A, 2.90%, 03/15/2035(b)       142,512     120,711
Delta Air Lines, Inc./SkyMiles IP Ltd.,                        
4.50%, 10/20/2025(b)       277,646     272,408
4.75%, 10/20/2028(b)       452,283     437,157
United Airlines Pass-Through Trust,                        
Series 2016-1, Class B, 3.65%, 01/07/2026       227,560     211,165
Series 2020-1, Class A, 5.88%, 10/15/2027       370,122     366,158
Series 2018-1, Class AA, 3.50%, 03/01/2030       258,045     233,144
Series 2019-1, Class A, 4.55%, 08/25/2031       212,544     192,558
Series 2019-1, Class AA, 4.15%, 08/25/2031       358,540     331,830
        3,099,120
Personal Care Products–0.64%
Kenvue, Inc.,                        
5.05%, 03/22/2028(b)       139,000     142,050
5.00%, 03/22/2030(b)       258,000     263,273
4.90%, 03/22/2033(b)       341,000     347,435
5.10%, 03/22/2043(b)       135,000     135,969
5.05%, 03/22/2053(b)       155,000     156,144
5.20%, 03/22/2063(b)       131,000     131,682
        1,176,553
Pharmaceuticals–1.28%
Bausch Health Cos., Inc., 4.88%, 06/01/2028(b)       131,000      79,124
Catalent Pharma Solutions, Inc., 3.50%, 04/01/2030(b)        19,000      15,338
Eli Lilly and Co.,                        
4.70%, 02/27/2033        37,000      37,699
4.88%, 02/27/2053       133,000     134,119
Mayo Clinic, Series 2021, 3.20%, 11/15/2061       201,000     136,866
    Principal
Amount 		Value
Pharmaceuticals–(continued)
Merck & Co., Inc.,                        
4.05%, 05/17/2028       $271,000     $269,677
4.50%, 05/17/2033       187,000     186,673
5.00%, 05/17/2053       141,000     142,021
5.15%, 05/17/2063        89,000      89,871
Pfizer Investment Enterprises Pte. Ltd.,                        
4.45%, 05/19/2026       126,000     125,384
4.45%, 05/19/2028       350,000     348,870
4.75%, 05/19/2033       281,000     282,261
5.30%, 05/19/2053       470,000     484,217
        2,332,120
Property & Casualty Insurance–0.35%
Fairfax Financial Holdings Ltd. (Canada), 4.85%, 04/17/2028        30,000      29,132
Progressive Corp. (The), 4.95%, 06/15/2033       487,000     486,297
Travelers Cos., Inc. (The), 5.45%, 05/25/2053       127,000     130,847
        646,276
Rail Transportation–0.66%
CSX Corp., 4.50%, 11/15/2052       351,000     312,259
Empresa de los Ferrocarriles del Estado (Chile), 3.83%, 09/14/2061(b)       240,000     161,614
Union Pacific Corp.,                        
4.50%, 01/20/2033       371,000     366,220
5.15%, 01/20/2063       375,000     371,320
        1,211,413
Real Estate Development–0.19%
Agile Group Holdings Ltd. (China), 5.50%, 04/21/2025(b)       204,000      58,534
Essential Properties L.P., 2.95%, 07/15/2031       163,000     119,565
Logan Group Co. Ltd. (China), 4.25%, 07/12/2025(b)       200,000      22,000
Piedmont Operating Partnership L.P., 3.15%, 08/15/2030       127,000      93,892
Sino-Ocean Land Treasure IV Ltd. (China), 3.25%, 05/05/2026(b)       200,000      46,555
        340,546
Regional Banks–1.03%
Citizens Financial Group, Inc.,                        
3.25%, 04/30/2030        35,000      28,557
5.64%, 05/21/2037(c)       269,000     225,767
Series G, 4.00%(c)(d)       290,000     215,788
Huntington Bancshares, Inc., 4.44%, 08/04/2028(c)       151,000     140,443
Truist Financial Corp.,                        
4.87%, 01/26/2029(c)       379,000     367,119
4.92%, 07/28/2033(c)       560,000     506,091
6.12%, 10/28/2033(c)       240,000     245,783
5.12%, 01/26/2034(c)       163,000     155,827
        1,885,375
Reinsurance–0.93%
Global Atlantic Fin Co.,                        
4.40%, 10/15/2029(b)       844,000     726,325
3.13%, 06/15/2031(b)        79,000      59,233
4.70%, 10/15/2051(b)(c)       549,000     427,284
See accompanying notes which are an integral part of this schedule.
Invesco Bond Fund
    Principal
Amount 		Value
Reinsurance–(continued)
RenaissanceRe Holdings Ltd. (Bermuda), 5.75%, 06/05/2033       $480,000     $481,641
        1,694,483
Research & Consulting Services–0.12%
Clarivate Science Holdings Corp.,                        
3.88%, 07/01/2028(b)        72,000      63,698
4.88%, 07/01/2029(b)        89,000      76,540
Dun & Bradstreet Corp. (The), 5.00%, 12/15/2029(b)        87,000      75,911
        216,149
Restaurants–0.66%
1011778 BC ULC/New Red Finance, Inc. (Canada),                        
3.88%, 01/15/2028(b)        88,000      80,789
3.50%, 02/15/2029(b)        50,000      44,353
4.00%, 10/15/2030(b)        66,000      56,726
Aramark Services, Inc., 5.00%, 04/01/2025(b)        87,000      84,971
Arcos Dorados B.V. (Brazil), 6.13%, 05/27/2029(b)       285,000     278,647
McDonald’s Corp., 5.15%, 09/09/2052       331,000     324,073
Papa John’s International, Inc., 3.88%, 09/15/2029(b)        91,000      76,318
Yum! Brands, Inc.,                        
3.63%, 03/15/2031       212,000     181,358
5.38%, 04/01/2032        86,000      81,564
        1,208,799
Retail REITs–0.66%
Agree L.P., 2.60%, 06/15/2033        39,000      30,231
Brixmor Operating Partnership L.P., 4.05%, 07/01/2030       201,000     181,505
Kimco Realty OP LLC, 2.25%, 12/01/2031        13,000      10,072
Kite Realty Group Trust, 4.75%, 09/15/2030       189,000     170,268
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/2026(b)        42,000      37,840
NNN REIT, Inc., 3.50%, 04/15/2051       146,000      97,791
Realty Income Corp.,                        
4.85%, 03/15/2030        75,000      73,481
5.63%, 10/13/2032       189,000     192,741
Regency Centers L.P., 4.13%, 03/15/2028       214,000     201,781
Spirit Realty L.P.,                        
3.40%, 01/15/2030       198,000     168,277
2.70%, 02/15/2032        55,000      42,450
        1,206,437
Self-Storage REITs–0.11%
Extra Space Storage L.P.,                        
5.70%, 04/01/2028        94,000      95,369
2.55%, 06/01/2031       104,000      84,552
Life Storage L.P., 2.40%, 10/15/2031        32,000      25,557
        205,478
  Principal
Amount 		Value
Semiconductors–1.14%
Broadcom, Inc.,                      
4.30%, 11/15/2032     $322,000     $292,948
3.47%, 04/15/2034(b)     254,000     207,346
3.14%, 11/15/2035(b)     166,000     126,640
3.19%, 11/15/2036(b)     326,000     244,163
Foundry JV Holdco LLC, 5.88%, 01/25/2034(b)     440,000     435,136
Marvell Technology, Inc., 2.95%, 04/15/2031      22,000      18,455
Micron Technology, Inc.,                      
4.98%, 02/06/2026     206,000     204,676
4.19%, 02/15/2027     492,000     474,254
2.70%, 04/15/2032      89,000      70,261
Skyworks Solutions, Inc., 3.00%, 06/01/2031      13,000      10,270
      2,084,149
Single-Family Residential REITs–0.00%
Invitation Homes Operating Partnership L.P., 2.30%, 11/15/2028      11,000       9,272
Soft Drinks & Non-alcoholic Beverages–0.26%
Coca-Cola Icecek A.S. (Turkey), 4.50%, 01/20/2029(b)     545,000     477,693
Sovereign Debt–2.59%
Airport Authority (Hong Kong), 4.88%, 01/12/2033(b)     200,000     206,314
Banque Ouest Africaine de Developpement (Supranational), 5.00%, 07/27/2027(b)     200,000     183,084
Bermuda Government International Bond (Bermuda), 5.00%, 07/15/2032(b)     200,000     197,017
Colombia Government International Bond (Colombia),                      
8.00%, 04/20/2033     200,000     201,201
7.50%, 02/02/2034     215,000     206,635
Dominican Republic International Bond (Dominican Republic),                      
7.05%, 02/03/2031(b)     150,000     149,202
5.30%, 01/21/2041(b)     215,000     167,210
Egypt Government International Bond (Egypt), 7.50%, 02/16/2061(b)     306,000     146,742
Indonesia Government International Bond (Indonesia), 4.55%, 01/11/2028     275,000     274,911
Israel Government International Bond (Israel), 4.50%, 01/17/2033     295,000     291,143
Mexico Government International Bond (Mexico),                      
6.35%, 02/09/2035     200,000     211,255
6.34%, 05/04/2053     200,000     201,057
Oman Government International Bond (Oman), 6.25%, 01/25/2031(b)     200,000     203,100
Panama Government International Bond (Panama), 6.85%, 03/28/2054     200,000     205,585
Perusahaan Penerbit SBSN Indonesia III (Indonesia), 3.55%, 06/09/2051(b)     272,000     207,866
Philippine Government International Bond (Philippines),                      
4.63%, 07/17/2028     204,000     206,857
5.50%, 01/17/2048     209,000     216,851
See accompanying notes which are an integral part of this schedule.
Invesco Bond Fund
    Principal
Amount 		Value
Sovereign Debt–(continued)
Romanian Government International Bond (Romania),                        
6.63%, 02/17/2028(b)       $190,000     $195,191
7.13%, 01/17/2033(b)       256,000     270,218
Saudi Government International Bond (Saudi Arabia),                        
4.75%, 01/18/2028(b)       200,000     201,492
4.88%, 07/18/2033(b)       290,000     292,657
5.00%, 01/18/2053(b)       310,000     285,463
        4,721,051
Specialized Consumer Services–0.09%
Carriage Services, Inc., 4.25%, 05/15/2029(b)       200,000     162,745
Specialized Finance–0.79%
Blackstone Private Credit Fund,                        
2.63%, 12/15/2026        27,000      23,045
3.25%, 03/15/2027        33,000      28,398
Mitsubishi HC Capital, Inc. (Japan), 3.64%, 04/13/2025(b)       682,000     657,645
SMBC Aviation Capital Finance DAC (Ireland),                        
4.13%, 07/15/2023(b)       552,000     550,363
1.90%, 10/15/2026(b)       205,000     180,778
        1,440,229
Specialty Chemicals–0.76%
Braskem Idesa S.A.P.I. (Mexico), 6.99%, 02/20/2032(b)       510,000     349,819
Sasol Financing USA LLC (South Africa),                        
4.38%, 09/18/2026       353,000     309,413
8.75%, 05/03/2029(b)       270,000     258,872
5.50%, 03/18/2031       591,000     461,374
        1,379,478
Steel–0.50%
ArcelorMittal S.A. (Luxembourg), 6.55%, 11/29/2027       414,000     429,190
POSCO (South Korea),                        
5.63%, 01/17/2026(b)       200,000     201,259
5.75%, 01/17/2028(b)       200,000     205,844
SunCoke Energy, Inc., 4.88%, 06/30/2029(b)        90,000      74,196
        910,489
Systems Software–1.46%
Black Knight InfoServ LLC, 3.63%, 09/01/2028(b)       141,000     126,724
Camelot Finance S.A., 4.50%, 11/01/2026(b)       253,000     237,730
Crowdstrike Holdings, Inc., 3.00%, 02/15/2029       283,000     246,937
Oracle Corp.,                        
6.25%, 11/09/2032       905,000     957,621
4.90%, 02/06/2033       302,000     291,836
3.60%, 04/01/2050       339,000     234,140
6.90%, 11/09/2052       371,000     404,303
5.55%, 02/06/2053       157,000     146,773
VMware, Inc., 2.20%, 08/15/2031        13,000      10,222
        2,656,286
    Principal
Amount 		Value
Technology Hardware, Storage & Peripherals–0.34%
Apple, Inc.,                        
3.35%, 08/08/2032       $161,000     $151,459
3.95%, 08/08/2052       224,000     195,531
4.10%, 08/08/2062       321,000     278,704
        625,694
Telecom Tower REITs–0.24%
American Tower Corp.,                        
4.05%, 03/15/2032       109,000      99,416
3.10%, 06/15/2050       175,000     112,190
Crown Castle, Inc., 2.50%, 07/15/2031        27,000      22,335
SBA Communications Corp.,                        
3.88%, 02/15/2027        43,000      39,672
3.13%, 02/01/2029       199,000     167,821
        441,434
Tobacco–0.82%
Philip Morris International, Inc.,                        
5.13%, 11/17/2027       243,000     245,648
4.88%, 02/15/2028       624,000     622,191
5.63%, 11/17/2029        24,000      24,607
5.13%, 02/15/2030       410,000     406,040
5.75%, 11/17/2032       156,000     160,045
5.38%, 02/15/2033        36,000      35,790
        1,494,321
Trading Companies & Distributors–1.46%
AerCap Global Aviation Trust (Ireland), 6.50%, 06/15/2045(b)(c)     1,208,000   1,181,786
Air Lease Corp., 3.00%, 09/15/2023       128,000     127,056
Avolon Holdings Funding Ltd. (Ireland),                        
4.25%, 04/15/2026(b)       135,000     125,069
2.75%, 02/21/2028(b)        52,000      43,304
6.38%, 05/04/2028(b)       325,000     317,810
Fortress Transportation and Infrastructure Investors LLC,                        
6.50%, 10/01/2025(b)        95,000      92,406
5.50%, 05/01/2028(b)       183,000     164,491
Triton Container International Ltd. (Bermuda),                        
2.05%, 04/15/2026(b)       470,000     413,840
3.15%, 06/15/2031(b)       252,000     195,535
        2,661,297
Transaction & Payment Processing Services–0.32%
Mastercard, Inc., 4.85%, 03/09/2033       388,000     398,327
PayPal Holdings, Inc., 5.05%, 06/01/2052       189,000     178,179
        576,506
Wireless Telecommunication Services–1.85%
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC,                        
4.74%, 03/20/2025(b)       361,000     357,500
5.15%, 03/20/2028(b)     1,587,000   1,575,916
T-Mobile USA, Inc.,                        
5.05%, 07/15/2033       256,000     252,548
4.50%, 04/15/2050       221,000     188,537
3.40%, 10/15/2052       287,000     201,261
5.65%, 01/15/2053       330,000     329,907
See accompanying notes which are an integral part of this schedule.
Invesco Bond Fund
    Principal
Amount 		Value
Wireless Telecommunication Services–(continued)
Vodafone Group PLC (United Kingdom),                        
5.75%, 02/10/2063        $72,000      $68,294
4.13%, 06/04/2081(c)       246,000     195,945
5.13%, 06/04/2081(c)       119,000      88,229
Xiaomi Best Time International Ltd. (China), 4.10%, 07/14/2051(b)       200,000     117,950
        3,376,087
Total U.S. Dollar Denominated Bonds & Notes (Cost $176,085,676)   163,807,821
    Shares  
Preferred Stocks–4.54%
Asset Management & Custody Banks–0.02%
Bank of New York Mellon Corp. (The), 4.70%, Series G, Pfd.(c)      30,000      29,452
Diversified Banks–2.57%
Bank of America Corp., 6.50%, Series Z, Pfd.(c)     796,000     797,990
Citigroup, Inc., 6.25%, Series T, Pfd.(c)     450,000     436,506
Citigroup, Inc., 5.00%, Series U, Pfd.(c)     956,000     884,874
Citigroup, Inc., 4.00%, Series W, Pfd.(c)     373,000     320,295
Wells Fargo & Co., 7.50%, Class A, Series L, Conv. Pfd.       1,992   2,244,008
        4,683,673
Diversified Financial Services–0.03%
Equitable Holdings, Inc., 4.95%, Series B, Pfd.(c)      69,000      62,480
Investment Banking & Brokerage–1.69%
Goldman Sachs Group, Inc. (The), 8.21% (3 mo. USD LIBOR + 2.87%), Series P, Pfd.(e)     495,000     486,293
Morgan Stanley, 7.13%, Series E, Pfd.      62,725   1,586,942
Morgan Stanley, 6.88%, Series F, Pfd.      40,000   1,006,000
        3,079,235
Life & Health Insurance–0.09%
MetLife, Inc., 3.85%, Series G, Pfd.(c)     187,000     174,086
Multi-Utilities–0.14%
CenterPoint Energy, Inc., 6.13%, Series A, Pfd.(c)     271,000     258,282
Total Preferred Stocks (Cost $8,743,543)   8,287,208
    Principal
Amount 		 
U.S. Treasury Securities–2.84%
U.S. Treasury Bills–0.26%
4.75% - 5.18%, 04/18/2024(i)(j)       $500,000     477,902
U.S. Treasury Bonds–1.01%
3.88%, 05/15/2043       725,200     712,226
3.63%, 02/15/2053     1,168,900   1,123,057
        1,835,283
U.S. Treasury Notes–1.57%
4.25%, 05/31/2025       103,000     102,716
3.63%, 05/15/2026       302,000     298,508
3.63%, 05/31/2028     1,708,200   1,698,591
3.75%, 05/31/2030       688,000     690,258
3.38%, 05/15/2033        77,100      75,456
        2,865,529
Total U.S. Treasury Securities (Cost $5,142,055)   5,178,714
    Principal
Amount 		Value
Asset-Backed Securities–0.97%
IP Lending III Ltd., Series 2022-3A, Class SNR, 3.38%, 11/02/2026(b)(g)       $278,000     $227,960
Jimmy Johns Funding LLC, Series 2017-1A, Class A2II, 4.85%, 07/30/2047(b)       376,502     352,810
Sonic Capital LLC,                        
Series 2020-1A, Class A2I, 3.85%, 01/20/2050(b)       309,255     283,410
Series 2021-1A, Class A2I, 2.19%, 08/20/2051(b)       206,500     167,919
Series 2021-1A, Class A2II, 2.64%, 08/20/2051(b)       206,500     156,227
Wendy’s Funding LLC, Series 2018-1A, Class A2II, 3.88%, 03/15/2048(b)       634,825     581,980
Total Asset-Backed Securities (Cost $2,019,447)   1,770,306
Non-U.S. Dollar Denominated Bonds & Notes–0.35%(k)
Food Retail–0.06%
Bellis Acquisition Co. PLC (United Kingdom), 3.25%, 02/16/2026(b)   GBP   100,000     106,065
Movies & Entertainment–0.20%
Netflix, Inc., 3.88%, 11/15/2029(b)   EUR   350,000     366,505
Pharmaceuticals–0.06%
Nidda Healthcare Holding GmbH (Germany), 7.50%, 08/21/2026(b)   EUR   100,000     105,976
Sovereign Debt–0.03%
Ukraine Government International Bond (Ukraine), 4.38%, 01/27/2032(b)(f)   EUR   300,000      59,234
Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $922,920)   637,780
Municipal Obligations–0.32%
California (State of) Health Facilities Financing Authority (Social Bonds),                        
Series 2022, RB, 4.19%, 06/01/2037       145,000     134,369
Series 2022, RB, 4.35%, 06/01/2041       110,000     100,342
California State University,                        
Series 2021 B, Ref. RB, 2.72%, 11/01/2052       195,000     136,948
Series 2021 B, Ref. RB, 2.94%, 11/01/2052       295,000     206,416
Total Municipal Obligations (Cost $745,000)   578,075
    Shares  
Money Market Funds–0.35%
Invesco Government & Agency Portfolio, Institutional Class, 5.04%(l)(m)     226,365     226,365
Invesco Liquid Assets Portfolio, Institutional Class, 5.13%(l)(m)     161,684     161,700
Invesco Treasury Portfolio, Institutional Class, 5.04%(l)(m)     258,703     258,703
Total Money Market Funds (Cost $646,784)   646,768
See accompanying notes which are an integral part of this schedule.
Invesco Bond Fund
  Shares Value
Options Purchased–0.04%
(Cost $94,871)(n) $82,705
TOTAL INVESTMENTS IN SECURITIES–99.17% (Cost $194,400,296) 180,989,377
OTHER ASSETS LESS LIABILITIES—0.83% 1,511,105
NET ASSETS–100.00% $182,500,482
Investment Abbreviations:
Conv. – Convertible
EUR – Euro
GBP – British Pound Sterling
LIBOR – London Interbank Offered Rate
Pfd. – Preferred
RB – Revenue Bonds
Ref. – Refunding
REIT – Real Estate Investment Trust
SOFR – Secured Overnight Financing Rate
USD – U.S. Dollar
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) 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, 2023 was $60,871,268, which represented 33.35% of the Fund’s Net Assets.
(c) Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate.
(d) Perpetual bond with no specified maturity date.
(e) Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on May 31, 2023.
(f) Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at May 31, 2023 was $77,294, which represented less than 1% of the Fund’s Net Assets.
(g) Security valued using significant unobservable inputs (Level 3). See Note 1.
(h) Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date.
(i) All or a portion of the value was pledged as collateral to cover margin requirements for open futures contracts.
(j) Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund.
(k) Foreign denominated security. Principal amount is denominated in the currency indicated.
(l) 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 three months ended May 31, 2023.
    
  Value
February 28, 2023 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation 		Realized
Gain
(Loss) 		Value
May 31, 2023 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $676,151 $5,654,786 $(6,104,572) $- $- $226,365 $10,262
Invesco Liquid Assets Portfolio, Institutional Class 482,846 4,039,132 (4,360,253) 17 (42) 161,700 3,344
Invesco Treasury Portfolio, Institutional Class 772,745 6,462,612 (6,976,654) - - 258,703 6,588
Total $1,931,742 $16,156,530 $(17,441,479) $17 $(42) $646,768 $20,194
    
(m) The rate shown is the 7-day SEC standardized yield as of May 31, 2023.
(n) The table below details options purchased.
    
Open Exchange-Traded Index Options Purchased
Description Type of
Contract 		Expiration
Date 		Number of
Contracts 		Exercise
Price 		Notional
Value(a) 		Value
Equity Risk          
S&P 500 Index Call 09/15/2023 7 USD 4,260.00 USD 2,982,000 $82,705
    
(a) Notional Value is calculated by multiplying the Number of Contracts by the Exercise Price by the multiplier.
    
Open Exchange-Traded Index Options Written
Description Type of
Contract 		Expiration
Date 		Number of
Contracts 		Exercise
Price 		Notional
Value(a) 		    Value
Equity Risk
S&P 500 Index Call 09/15/2023 3 USD 4,400.00 USD 1,320,000     $(15,405)
    
(a) Notional Value is calculated by multiplying the Number of Contracts by the Exercise Price by the multiplier.
    
See accompanying notes which are an integral part of this schedule.
Invesco Bond Fund
Open Futures Contracts(a)
Long Futures Contracts Number of
Contracts 		Expiration
Month 		Notional
Value 		Value Unrealized
Appreciation
(Depreciation)
Interest Rate Risk
U.S. Treasury 2 Year Notes 10 September-2023 $2,058,281 $(2,557) $(2,557)
U.S. Treasury 10 Year Notes 90 September-2023 10,302,188 30,124 30,124
U.S. Treasury Long Bonds 83 September-2023 10,652,531 138,117 138,117
Subtotal—Long Futures Contracts 165,684 165,684
Short Futures Contracts          
Interest Rate Risk
U.S. Treasury 5 Year Notes 7 September-2023 (763,547) (2,187) (2,187)
U.S. Treasury 10 Year Ultra Notes 81 September-2023 (9,756,703) (53,185) (53,185)
Subtotal—Short Futures Contracts (55,372) (55,372)
Total Futures Contracts $110,312 $110,312
    
(a) Futures contracts collateralized by $62,849 cash held with Goldman Sachs International, the futures commission merchant.
    
Open Forward Foreign Currency Contracts
Settlement
Date 		Counterparty Contract to Unrealized
Appreciation
Deliver Receive
Currency Risk            
08/17/2023 Goldman Sachs International EUR 403,000 USD 446,512 $13,904
08/17/2023 Goldman Sachs International GBP 74,000 USD 93,710 1,533
Total Forward Foreign Currency Contracts $15,437
    
Abbreviations:
EUR —Euro
GBP —British Pound Sterling
USD —U.S. Dollar
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 Bond Fund
Notes to Quarterly Schedule of Portfolio Holdings
May 31, 2023
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 – Prices are determined using quoted prices in an active market for identical assets.
Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used.  Unobservable inputs reflect Invesco Advisers, Inc.’s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
The following is a summary of the tiered valuation input levels, as of May 31, 2023. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
  Level 1 Level 2 Level 3 Total
Investments in Securities        
U.S. Dollar Denominated Bonds & Notes $— $162,963,020 $844,801 $163,807,821
Preferred Stocks 4,836,950 3,450,258 — 8,287,208
U.S. Treasury Securities — 5,178,714 — 5,178,714
Asset-Backed Securities — 1,542,346 227,960 1,770,306
Non-U.S. Dollar Denominated Bonds & Notes — 637,780 — 637,780
Municipal Obligations — 578,075 — 578,075
Money Market Funds 646,768 — — 646,768
Options Purchased 82,705 — — 82,705
Total Investments in Securities 5,566,423 174,350,193 1,072,761 180,989,377
Other Investments - Assets*        
Investments Matured — 22,871 — 22,871
Futures Contracts 168,241 — — 168,241
Forward Foreign Currency Contracts — 15,437 — 15,437
  168,241 38,308 — 206,549
Other Investments - Liabilities*        
Futures Contracts (57,929) — — (57,929)
Options Written (15,405) — — (15,405)
  (73,334) — — (73,334)
Total Other Investments 94,907 38,308 — 133,215
Total Investments $5,661,330 $174,388,501 $1,072,761 $181,122,592
    
* Forward foreign currency contracts and futures contracts are valued at unrealized appreciation (depreciation). Investments matured and options written are shown at value.
Invesco Bond Fund
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