| Shares | Value | |||
| Investments Purchased with Cash Collateral from Securities on Loan | ||||
| Money Market Funds-8.11% | ||||
Invesco Private Government Fund, 1.77%(d)(e)(f) | 2,982,104 | $2,982,104 | ||
Invesco Private Prime Fund, 1.89%(d)(e)(f) | 7,668,268 | 7,668,268 | ||
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $10,650,330) | 10,650,372 | |||
TOTAL INVESTMENTS IN SECURITIES-108.06% (Cost $140,251,303) | 141,836,756 | |||
OTHER ASSETS LESS LIABILITIES-(8.06)% | (10,581,126) | |||
NET ASSETS-100.00% | $131,255,630 | |||
| Investment Abbreviations: | |
| REIT | -Real Estate Investment Trust |
| Notes to Schedule of Investments: | |
| (a) | Property type classifications used in this report are generally according to FTSE National Association of Real Estate Investment Trusts ("NAREIT") Equity REITs Index, which is exclusively owned by NAREIT. |
| (b) | Non-income producing security. |
| (c) | All or a portion of this security was out on loan at July 31, 2022. |
| (d) | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended July 31, 2022. |
| Value October 31, 2021 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation | Realized Gain (Loss) | Value July 31, 2022 | Dividend Income | |||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $12,688 | $2,138,849 | $(2,151,537) | $- | $- | $- | $276 | ||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||
| Invesco Private Government Fund | 454,874 | 34,774,442 | (32,247,212) | - | - | 2,982,104 | 9,558* | ||||||
| Invesco Private Prime Fund | 1,061,374 | 75,614,395 | (69,005,994) | 42 | (1,549) | 7,668,268 | 26,409* | ||||||
| Total | $1,528,936 | $112,527,686 | $(103,404,743) | $42 | $(1,549) | $10,650,372 | $36,243 |
| * | Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any. |
| (e) | The rate shown is the 7-day SEC standardized yield as of July 31, 2022. |
| (f) | 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. |
| Schedule of Investments in Affiliated Issuers- 106.29%(a) | |||||||||||||||||
| % of Net Assets 07/31/22 | Value 10/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 07/31/22 | Value 07/31/22 | |||||||||
| Domestic Equity Funds-48.65% | |||||||||||||||||
Invesco Preferred ETF(b) | 1.97% | $431,891 | $406,065 | $(178,294) | $(68,254) | $(12,092) | $21,380 | 44,358 | $579,316 | ||||||||
Invesco RAFI™ Strategic US ETF(b) | 11.79% | 1,862,600 | 2,678,420 | (927,379) | (373,516) | 220,874 | 37,089 | 91,031 | 3,460,999 | ||||||||
Invesco RAFI™ Strategic US Small Company ETF | 3.11% | 1,196,360 | 938,915 | (1,086,988) | (184,274) | 50,208 | 7,530 | 25,928 | 914,221 | ||||||||
Invesco Russell 1000 Dynamic Multifactor ETF | 8.55% | 1,630,133 | 1,822,588 | (652,372) | (446,431) | 158,018 | 19,039 | 57,600 | 2,511,936 | ||||||||
Invesco S&P 500® Low Volatility ETF | 4.49% | 986,309 | 852,097 | (524,173) | (34,341) | 37,725 | 19,125 | 20,425 | 1,317,617 | ||||||||
Invesco S&P 500® Pure Growth ETF(b) | 13.64% | 1,951,231 | 3,815,480 | (1,138,592) | (725,035) | 103,627 | 7,437 | 24,047 | 4,006,711 | ||||||||
Invesco S&P MidCap Low Volatility ETF(b) | 3.05% | 1,088,133 | 770,776 | (955,380) | (60,005) | 51,796 | 14,837 | 16,332 | 895,320 | ||||||||
Invesco S&P SmallCap Low Volatility ETF | 2.05% | 982,475 | 625,649 | (955,096) | (84,445) | 32,975 | 14,332 | 12,606 | 601,558 | ||||||||
Total Domestic Equity Funds | 10,129,132 | 11,909,990 | (6,418,274) | (1,976,301) | 643,131 | 140,769 | 14,287,678 | ||||||||||
| Fixed Income Funds-36.97% | |||||||||||||||||
Invesco 1-30 Laddered Treasury ETF | 11.63% | 1,514,703 | 3,148,462 | (945,158) | (228,031) | (72,940) | 30,265 | 107,050 | 3,417,036 | ||||||||
Invesco Emerging Markets Sovereign Debt ETF(b) | 2.29% | 216,350 | 699,105 | (115,171) | (126,212) | (3,130) | 20,114 | 34,674 | 670,942 | ||||||||
Invesco Fundamental High Yield® Corporate Bond ETF | 3.93% | 645,931 | 908,410 | (318,636) | (70,607) | (11,114) | 23,599 | 64,867 | 1,153,984 | ||||||||
Invesco Investment Grade Defensive ETF | 1.84% | 429,326 | 358,403 | (211,278) | (28,106) | (4,574) | 5,131 | 21,816 | 540,570 | ||||||||
Invesco Investment Grade Value ETF | 0.98% | 215,506 | 190,553 | (84,056) | (31,319) | (2,224) | 4,844 | 11,925 | 286,753 | ||||||||
Invesco PureBetaSM 0-5 Yr US TIPS ETF | 3.89% | 864,064 | 745,516 | (437,051) | (28,860) | (143) | 36,276 | 43,958 | 1,143,216 | ||||||||
Invesco Senior Loan ETF(b) | 2.42% | 751,427 | 576,567 | (573,757) | (33,621) | (8,727) | 20,814 | 33,948 | 711,889 | ||||||||
Invesco Taxable Municipal Bond ETF | 5.20% | 2,706,663 | 1,966,529 | (2,642,332) | (201,492) | (301,310) | 52,097 | 54,302 | 1,528,058 | ||||||||
Invesco Variable Rate Investment Grade ETF | 4.79% | 860,156 | 1,078,027 | (511,784) | (18,118) | (2,677) | 9,934 | 56,861 | 1,405,604 | ||||||||
Total Fixed Income Funds | 8,204,126 | 9,671,572 | (5,839,223) | (766,366) | (406,839) | 203,074 | 10,858,052 | ||||||||||
| Foreign Equity Funds-14.38% | |||||||||||||||||
Invesco RAFI™ Strategic Developed ex-US ETF(b) | 4.53% | 1,185,074 | 1,060,123 | (745,105) | (213,029) | 50,834 | 45,973 | 48,712 | 1,330,320 | ||||||||
Invesco RAFI™ Strategic Emerging Markets ETF | 2.73% | 621,274 | 743,923 | (373,427) | (166,489) | (21,635) | 36,549 | 35,387 | 803,646 | ||||||||
Invesco S&P Emerging Markets Low Volatility ETF(b) | 2.77% | 645,051 | 589,826 | (369,221) | (58,092) | 5,895 | 26,519 | 34,630 | 813,459 | ||||||||
Invesco S&P International Developed Low Volatility ETF(b) | 4.35% | 981,203 | 833,466 | (403,182) | (138,104) | 3,257 | 43,174 | 44,591 | 1,276,640 | ||||||||
Total Foreign Equity Funds | 3,432,602 | 3,227,338 | (1,890,935) | (575,714) | 38,351 | 152,215 | 4,224,065 | ||||||||||
| Money Market Funds-0.00% | |||||||||||||||||
Invesco Government & Agency Portfolio, Institutional Class | - | 125 | 225,886 | (226,011) | - | - | 19 | - | - | ||||||||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan)-100.00% (Cost $30,789,051) | 100.00% | 21,765,985 | 25,034,786 | (14,374,443) | (3,318,381) | 274,643 | 496,077 | 29,369,795 | |||||||||
| Schedule of Investments in Affiliated Issuers- 106.29%(a) | |||||||||||||||||
| % of Net Assets 07/31/22 | Value 10/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 07/31/22 | Value 07/31/22 | |||||||||
| Investments Purchased with Cash Collateral from Securities on Loan | |||||||||||||||||
| Money Market Funds-6.29% | |||||||||||||||||
Invesco Private Government Fund, 1.77%(c)(d) | 1.76% | $557,164 | $14,468,998 | $(14,508,573) | $- | $- | $2,104* | 517,589 | $517,589 | ||||||||
Invesco Private Prime Fund, 1.89%(c)(d) | 4.53% | 1,313,309 | 30,670,955 | (30,654,737) | - | (284) | 6,251* | 1,329,243 | 1,329,243 | ||||||||
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $1,846,832) | 6.29% | 1,870,473 | 45,139,953 | (45,163,310) | - | (284) | 8,355 | 1,846,832 | |||||||||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $32,635,883) | 106.29% | $23,636,458 | $70,174,739 | $(59,537,753) | $(3,318,381) | $274,359(e) | $504,432 | $31,216,627 | |||||||||
OTHER ASSETS LESS LIABILITIES | (6.29)% | (1,846,365) | |||||||||||||||
NET ASSETS | 100.00% | $29,370,262 | |||||||||||||||
| Investment Abbreviations: | |
| ETF- | Exchange-Traded Fund |
| Notes to Schedule of Investments: | |
| (a) | Each underlying fund and the Fund are affiliated by either having the same investment adviser or an investment adviser under common control with the Fund’s investment adviser. |
| (b) | All or a portion of this security was out on loan at July 31, 2022. |
| (c) | The rate shown is the 7-day SEC standardized yield as of July 31, 2022. |
| (d) | 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. |
| (e) | Includes capital gains distributions from affiliated underlying funds as follows: |
| Fund Name | Capital Gain |
| Invesco Investment Grade Defensive ETF | $3,201 |
| Invesco Investment Grade Value ETF | 1,707 |
| Invesco PureBetaSM 0-5 Yr US TIPS ETF | 310 |
| Invesco RAFI™ Strategic Developed ex-US ETF | 7,577 |
| * | 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. |
| Schedule of Investments in Affiliated Issuers- 111.22%(a) | |||||||||||||||||
| % of Net Assets 07/31/22 | Value 10/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 07/31/22 | Value 07/31/22 | |||||||||
| Domestic Equity Funds-19.40% | |||||||||||||||||
Invesco Preferred ETF(b) | 3.52% | $555,215 | $328,149 | $(320,087) | $(65,625) | $(27,466) | $21,504 | 36,002 | $470,186 | ||||||||
Invesco RAFI™ Strategic US ETF | 2.88% | 634,918 | 335,642 | (589,981) | (21,036) | 26,246 | 8,005 | 10,147 | 385,789 | ||||||||
Invesco RAFI™ Strategic US Small Company ETF(b) | 1.80% | 210,252 | 188,416 | (133,287) | (24,147) | (937) | 1,427 | 6,815 | 240,297 | ||||||||
Invesco Russell 1000 Dynamic Multifactor ETF | 3.07% | 419,257 | 267,892 | (228,653) | (50,896) | 3,599 | 3,725 | 9,429 | 411,199 | ||||||||
Invesco S&P 500® Low Volatility ETF(b) | 3.05% | 211,343 | 401,316 | (196,768) | (23,283) | 14,837 | 4,978 | 6,316 | 407,445 | ||||||||
Invesco S&P 500® Pure Growth ETF(b) | 5.08% | 516,303 | 668,745 | (368,295) | (133,067) | (4,710) | 1,260 | 4,075 | 678,976 | ||||||||
Invesco S&P SmallCap Low Volatility ETF | - | 140,269 | 69,179 | (203,263) | (7,634) | 1,449 | 1,177 | - | - | ||||||||
Total Domestic Equity Funds | 2,687,557 | 2,259,339 | (2,040,334) | (325,688) | 13,018 | 42,076 | 2,593,892 | ||||||||||
| Fixed Income Funds-75.76% | |||||||||||||||||
Invesco 1-30 Laddered Treasury ETF | 13.33% | 1,250,956 | 1,550,912 | (797,965) | (188,465) | (32,546) | 18,695 | 55,855 | 1,782,892 | ||||||||
Invesco Emerging Markets Sovereign Debt ETF | 3.70% | 208,634 | 568,625 | (175,830) | (100,198) | (6,142) | 16,179 | 25,586 | 495,089 | ||||||||
Invesco Fundamental High Yield® Corporate Bond ETF | 13.01% | 1,659,633 | 1,024,455 | (768,503) | (155,521) | (20,576) | 45,184 | 97,779 | 1,739,488 | ||||||||
Invesco Investment Grade Defensive ETF | 3.85% | 551,533 | 274,587 | (268,358) | (33,997) | (5,119) | 5,510 | 20,768 | 514,602 | ||||||||
Invesco Investment Grade Value ETF | 2.09% | 276,865 | 167,968 | (123,961) | (36,618) | (2,846) | 5,267 | 11,613 | 279,251 | ||||||||
Invesco PureBetaSM 0-5 Yr US TIPS ETF(b) | 6.69% | 832,697 | 570,768 | (481,131) | (23,262) | (4,059) | 30,646 | 34,403 | 894,719 | ||||||||
Invesco Senior Loan ETF(b) | 5.19% | 1,103,536 | 563,006 | (930,236) | (27,188) | (15,724) | 24,599 | 33,066 | 693,394 | ||||||||
Invesco Taxable Municipal Bond ETF | 16.20% | 2,505,807 | 1,371,715 | (1,243,262) | (371,501) | (97,302) | 54,919 | 76,953 | 2,165,457 | ||||||||
Invesco Variable Rate Investment Grade ETF | 11.70% | 2,141,055 | 1,067,633 | (1,613,475) | (22,689) | (7,896) | 14,772 | 63,294 | 1,564,628 | ||||||||
Total Fixed Income Funds | 10,530,716 | 7,159,669 | (6,402,721) | (959,439) | (192,210) | 215,771 | 10,129,520 | ||||||||||
| Foreign Equity Funds-4.84% | |||||||||||||||||
Invesco RAFI™ Strategic Developed ex-US ETF(b) | 1.81% | 276,946 | 165,120 | (167,606) | (28,338) | (1,733) | 9,397 | 8,885 | 242,649 | ||||||||
Invesco RAFI™ Strategic Emerging Markets ETF | 1.15% | 133,019 | 130,033 | (74,774) | (33,904) | (1,285) | 7,192 | 6,741 | 153,089 | ||||||||
Invesco S&P International Developed Low Volatility ETF | 1.88% | 280,126 | 150,557 | (151,162) | (26,534) | (1,186) | 9,765 | 8,795 | 251,801 | ||||||||
Total Foreign Equity Funds | 690,091 | 445,710 | (393,542) | (88,776) | (4,204) | 26,354 | 647,539 | ||||||||||
| Money Market Funds-0.00% | |||||||||||||||||
Invesco Government & Agency Portfolio, Institutional Class | - | - | 222,172 | (222,172) | - | - | 18 | - | - | ||||||||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan)-100.00% (Cost $14,565,330) | 100.00% | 13,908,364 | 10,086,890 | (9,058,769) | (1,373,903) | (183,396) | 284,219 | 13,370,951 | |||||||||
| Schedule of Investments in Affiliated Issuers- 111.22%(a) | |||||||||||||||||
| % of Net Assets 07/31/22 | Value 10/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 07/31/22 | Value 07/31/22 | |||||||||
| Investments Purchased with Cash Collateral from Securities on Loan | |||||||||||||||||
| Money Market Funds-11.22% | |||||||||||||||||
Invesco Private Government Fund, 1.77%(c)(d) | 3.14% | $592,730 | $6,343,436 | $(6,515,941) | $- | $- | $1,516* | 420,225 | $420,225 | ||||||||
Invesco Private Prime Fund, 1.89%(c)(d) | 8.08% | 1,460,114 | 13,147,652 | (13,526,831) | - | (357) | 4,410* | 1,080,578 | 1,080,578 | ||||||||
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $1,500,803) | 11.22% | 2,052,844 | 19,491,088 | (20,042,772) | - | (357) | 5,926 | 1,500,803 | |||||||||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $16,066,133) | 111.22% | $15,961,208 | $29,577,978 | $(29,101,541) | $(1,373,903) | $(183,753)(e) | $290,145 | $14,871,754 | |||||||||
OTHER ASSETS LESS LIABILITIES | (11.22)% | (1,499,978) | |||||||||||||||
NET ASSETS | 100.00% | $13,371,776 | |||||||||||||||
| Investment Abbreviations: | |
| ETF- | Exchange-Traded Fund |
| Notes to Schedule of Investments: | |
| (a) | Each underlying fund and the Fund are affiliated by either having the same investment adviser or an investment adviser under common control with the Fund’s investment adviser. |
| (b) | All or a portion of this security was out on loan at July 31, 2022. |
| (c) | The rate shown is the 7-day SEC standardized yield as of July 31, 2022. |
| (d) | 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. |
| (e) | Includes capital gains distributions from affiliated underlying funds as follows: |
| Fund Name | Capital Gain |
| Invesco Investment Grade Defensive ETF | $4,044 |
| Invesco Investment Grade Value ETF | 2,157 |
| Invesco PureBetaSM 0-5 Yr US TIPS ETF | 294 |
| Invesco RAFI™ Strategic Developed ex-US ETF | 1,740 |
| * | 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. |
| Schedule of Investments in Affiliated Issuers- 104.35%(a) | |||||||||||||||||
| % of Net Assets 07/31/22 | Value 10/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 07/31/22 | Value 07/31/22 | |||||||||
| Domestic Equity Funds-61.73% | |||||||||||||||||
Invesco RAFI™ Strategic US ETF(b) | 15.07% | $2,142,039 | $2,466,077 | $(989,432) | $(352,487) | $211,758 | $36,447 | 91,477 | $3,477,955 | ||||||||
Invesco RAFI™ Strategic US Small Company ETF(b) | 4.48% | 1,353,126 | 846,024 | (1,017,841) | (202,641) | 55,860 | 7,783 | 29,340 | 1,034,528 | ||||||||
Invesco Russell 1000 Dynamic Multifactor ETF | 11.49% | 1,834,940 | 1,809,914 | (701,393) | (441,723) | 150,666 | 18,675 | 60,821 | 2,652,404 | ||||||||
Invesco S&P 500® Low Volatility ETF | 8.77% | 1,168,713 | 1,511,543 | (629,748) | (64,772) | 36,911 | 24,284 | 31,354 | 2,022,647 | ||||||||
Invesco S&P 500® Pure Growth ETF | 15.64% | 2,345,926 | 3,064,364 | (1,123,957) | (803,541) | 125,530 | 5,742 | 21,656 | 3,608,322 | ||||||||
Invesco S&P MidCap Low Volatility ETF | 3.63% | 1,160,366 | 639,727 | (959,922) | (55,926) | 54,282 | 13,965 | 15,296 | 838,527 | ||||||||
Invesco S&P SmallCap Low Volatility ETF | 2.65% | 1,164,072 | 581,394 | (1,077,769) | (87,623) | 30,313 | 14,754 | 12,791 | 610,387 | ||||||||
Total Domestic Equity Funds | 11,169,182 | 10,919,043 | (6,500,062) | (2,008,713) | 665,320 | 121,650 | 14,244,770 | ||||||||||
| Fixed Income Funds-19.26% | |||||||||||||||||
Invesco 1-30 Laddered Treasury ETF | 8.67% | 1,153,776 | 1,725,851 | (670,888) | (159,729) | (49,158) | 18,200 | 62,652 | 1,999,852 | ||||||||
Invesco Fundamental High Yield® Corporate Bond ETF | 1.95% | 191,347 | 424,442 | (140,816) | (17,245) | (7,517) | 7,707 | 25,307 | 450,211 | ||||||||
Invesco Investment Grade Defensive ETF | 1.92% | 190,759 | 426,722 | (158,609) | (9,286) | (4,197) | 3,116 | 17,919 | 444,007 | ||||||||
Invesco Investment Grade Value ETF | - | 191,497 | 98,357 | (264,070) | (530) | (23,779) | 2,554 | - | - | ||||||||
Invesco PureBetaSM 0-5 Yr US TIPS ETF | 1.93% | 383,927 | 256,391 | (183,524) | (11,929) | 1,184 | 13,803 | 17,146 | 445,916 | ||||||||
Invesco Senior Loan ETF(b) | 1.45% | 381,587 | 237,722 | (266,737) | (13,128) | (6,147) | 9,563 | 15,894 | 333,297 | ||||||||
Invesco Taxable Municipal Bond ETF | 1.44% | 962,125 | 564,929 | (1,030,703) | (40,772) | (124,371) | 15,259 | 11,770 | 331,208 | ||||||||
Invesco Variable Rate Investment Grade ETF | 1.90% | 382,197 | 250,521 | (187,393) | (8,200) | 1,507 | 3,243 | 17,744 | 438,632 | ||||||||
Total Fixed Income Funds | 3,837,215 | 3,984,935 | (2,902,740) | (260,819) | (212,478) | 73,445 | 4,443,123 | ||||||||||
| Foreign Equity Funds-19.01% | |||||||||||||||||
Invesco RAFI™ Strategic Developed ex-US ETF(b) | 6.01% | 1,436,092 | 1,007,885 | (881,894) | (215,470) | 49,656 | 49,238 | 50,800 | 1,387,343 | ||||||||
Invesco RAFI™ Strategic Emerging Markets ETF | 3.39% | 736,142 | 703,022 | (458,567) | (153,828) | (43,494) | 34,909 | 34,490 | 783,275 | ||||||||
Invesco S&P Emerging Markets Low Volatility ETF | 3.85% | 859,851 | 608,114 | (534,170) | (60,231) | 14,546 | 31,367 | 37,808 | 888,110 | ||||||||
Invesco S&P International Developed Low Volatility ETF | 5.76% | 1,356,364 | 849,865 | (741,022) | (101,952) | (35,252) | 46,757 | 46,385 | 1,328,003 | ||||||||
Total Foreign Equity Funds | 4,388,449 | 3,168,886 | (2,615,653) | (531,481) | (14,544) | 162,271 | 4,386,731 | ||||||||||
| Money Market Funds-0.00% | |||||||||||||||||
Invesco Government & Agency Portfolio, Institutional Class | - | - | 141,776 | (141,776) | - | - | 11 | - | - | ||||||||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan)-100.00% (Cost $23,638,804) | 100.00% | 19,394,846 | 18,214,640 | (12,160,231) | (2,801,013) | 438,298 | 357,377 | 23,074,624 | |||||||||
| Schedule of Investments in Affiliated Issuers- 104.35%(a) | |||||||||||||||||
| % of Net Assets 07/31/22 | Value 10/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 07/31/22 | Value 07/31/22 | |||||||||
| Investments Purchased with Cash Collateral from Securities on Loan | |||||||||||||||||
| Money Market Funds-4.35% | |||||||||||||||||
Invesco Private Government Fund, 1.77%(c)(d) | 1.12% | $370,776 | $10,886,523 | $(11,000,534) | $- | $- | $1,045* | 256,765 | $256,765 | ||||||||
Invesco Private Prime Fund, 1.89%(c)(d) | 3.23% | 865,143 | 23,856,140 | (23,975,644) | - | (9) | 3,123* | 745,630 | 745,630 | ||||||||
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $1,002,395) | 4.35% | 1,235,919 | 34,742,663 | (34,976,178) | - | (9) | 4,168 | 1,002,395 | |||||||||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $24,641,199) | 104.35% | $20,630,765 | $52,957,303 | $(47,136,409) | $(2,801,013) | $438,289(e) | $361,545 | $24,077,019 | |||||||||
OTHER ASSETS LESS LIABILITIES | (4.35)% | (1,002,756) | |||||||||||||||
NET ASSETS | 100.00% | $23,074,263 | |||||||||||||||
| Investment Abbreviations: | |
| ETF- | Exchange-Traded Fund |
| Notes to Schedule of Investments: | |
| (a) | Each underlying fund and the Fund are affiliated by either having the same investment adviser or an investment adviser under common control with the Fund’s investment adviser. |
| (b) | All or a portion of this security was out on loan at July 31, 2022. |
| (c) | The rate shown is the 7-day SEC standardized yield as of July 31, 2022. |
| (d) | 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. |
| (e) | Includes capital gains distributions from affiliated underlying funds as follows: |
| Fund Name | Capital Gain |
| Invesco Investment Grade Defensive ETF | $1,382 |
| Invesco Investment Grade Value ETF | 1,475 |
| Invesco PureBetaSM 0-5 Yr US TIPS ETF | 133 |
| Invesco RAFI™ Strategic Developed ex-US ETF | 8,926 |
| * | 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. |
| Investment Abbreviations: | |
| PIK | -Pay-in-Kind |
| REIT | -Real Estate Investment Trust |
| Notes to Schedule of Investments: | |
| (a) | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s. |
| (b) | 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 July 31, 2022 was $25,224,932, which represented 67.71% of the Fund’s Net Assets. |
| (c) | All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest income in the form of securities. |
| (d) | All or a portion of this security was out on loan at July 31, 2022. |
| (e) | Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate. |
| (f) | The borrower has filed for protection in federal bankruptcy court. |
| (g) | Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The value of this security at July 31, 2022 represented less than 1% of the Fund’s Net Assets. |
| (h) | Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund. |
| (i) | $153,992 was pledged as collateral to cover margin requirements for open futures contracts. |
| (j) | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended July 31, 2022. |
| Value October 31, 2021 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation | Realized Gain (Loss) | Value July 31, 2022 | Dividend Income | |||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $242,352 | $8,378,831 | $(7,955,813) | $- | $- | $665,370 | $1,089 | ||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||
| Invesco Private Government Fund | 1,418,750 | 4,905,102 | (6,047,867) | - | - | 275,985 | 1,922* | ||||||
| Invesco Private Prime Fund | 3,310,417 | 7,676,173 | (10,275,301) | - | (1,614) | 709,675 | 6,028* | ||||||
| Total | $4,971,519 | $20,960,106 | $(24,278,981) | $- | $(1,614) | $1,651,030 | $9,039 |
| * | 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. |
| (k) | The rate shown is the 7-day SEC standardized yield as of July 31, 2022. |
| (l) | The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned. |
| Open Futures Contracts | ||||||||||
| Long Futures Contracts | Number of Contracts | Expiration Month | Notional Value | Value | Unrealized Appreciation | |||||
| Interest Rate Risk | ||||||||||
| U.S. Treasury 10 Year Notes | 41 | September-2022 | $4,966,766 | $60,213 | $60,213 | |||||
| U.S. Treasury 10 Year Ultra Notes | 11 | September-2022 | 1,443,750 | 18,819 | 18,819 | |||||
| Subtotal—Long Futures Contracts | 79,032 | 79,032 | ||||||||
| Short Futures Contracts | ||||||||||
| Interest Rate Risk | ||||||||||
| U.S. Treasury 2 Year Notes | 19 | September-2022 | (3,998,758) | 4,113 | 4,113 | |||||
| Total Futures Contracts | $83,145 | $83,145 | ||||||||
| Open Centrally Cleared Credit Default Swap Agreements(a) | ||||||||||||||||||
| Reference Entity | Buy/Sell Protection | (Pay)/ Receive Fixed Rate | Payment Frequency | Maturity Date | Implied Credit Spread(b) | Notional Value | Upfront Payments Paid (Received) | Value | Unrealized Appreciation (Depreciation) | |||||||||
| Credit Risk | ||||||||||||||||||
| Markit CDX North America High Yield Index, Series 37, Version 1 | Sell | 5.00% | Quarterly | 12/20/2026 | 4.336% | USD 1,584,000 | $97,379 | $46,616 | $(50,763) | |||||||||
| (a) | Centrally cleared swap agreements collateralized by $154,958 cash held with the broker. |
| (b) | Implied credit spreads represent the current level as of July 31, 2022 at which protection could be bought or sold given the terms of the existing credit default swap contract and serve as an indicator of the current status of the payment/performance risk of the credit default swap contract. An implied credit spread that has widened or increased since entry into the initial contract may indicate a deteriorating credit profile and increased risk of default for the reference entity. A declining or narrowing spread may indicate an improving credit profile or decreased risk of default for the reference entity. Alternatively, credit spreads may increase or decrease reflecting the general tolerance for risk in the credit spread markets generally. |
| Schedule of Investments in Affiliated Issuers- 111.91%(a) | |||||||||||||||||
| % of Net Assets 07/31/22 | Value 10/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 07/31/22 | Value 07/31/22 | |||||||||
| Domestic Equity Funds-34.41% | |||||||||||||||||
Invesco Preferred ETF(b) | 2.99% | $544,267 | $1,097,208 | $(918,779) | $(84,676) | $(50,503) | $26,537 | 44,986 | $587,517 | ||||||||
Invesco RAFI™ Strategic US ETF | 8.42% | 1,379,920 | 2,959,021 | (2,569,838) | (250,902) | 138,939 | 23,044 | 43,586 | 1,657,140 | ||||||||
Invesco RAFI™ Strategic US Small Company ETF(b) | 2.09% | 456,592 | 927,217 | (903,816) | (103,044) | 35,170 | 3,065 | 11,688 | 412,119 | ||||||||
Invesco Russell 1000 Dynamic Multifactor ETF | 5.59% | 1,003,769 | 2,071,140 | (1,796,994) | (222,910) | 44,010 | 9,988 | 25,201 | 1,099,015 | ||||||||
Invesco S&P 500® Low Volatility ETF | 3.02% | 552,112 | 1,100,932 | (1,057,902) | (53,231) | 52,097 | 10,564 | 9,208 | 594,008 | ||||||||
Invesco S&P 500® Pure Growth ETF | 9.27% | 1,349,336 | 3,682,203 | (2,670,524) | (492,784) | (45,075) | 3,235 | 10,942 | 1,823,156 | ||||||||
Invesco S&P MidCap Low Volatility ETF | 3.03% | 365,468 | 1,074,233 | (825,870) | (21,292) | 2,806 | 6,522 | 10,860 | 595,345 | ||||||||
Invesco S&P SmallCap Low Volatility ETF | - | 366,638 | 656,504 | (999,958) | (36,341) | 13,157 | 3,554 | - | - | ||||||||
Total Domestic Equity Funds | 6,018,102 | 13,568,458 | (11,743,681) | (1,265,180) | 190,601 | 86,509 | 6,768,300 | ||||||||||
| Fixed Income Funds-55.92% | |||||||||||||||||
Invesco 1-30 Laddered Treasury ETF(b) | 12.53% | 1,453,533 | 4,836,722 | (3,476,154) | (255,343) | (94,502) | 26,918 | 77,201 | 2,464,256 | ||||||||
Invesco Emerging Markets Sovereign Debt ETF(b) | 2.62% | 181,693 | 1,041,463 | (578,896) | (103,894) | (24,843) | 17,806 | 26,642 | 515,523 | ||||||||
Invesco Fundamental High Yield® Corporate Bond ETF | 7.93% | 1,627,107 | 3,111,536 | (2,945,602) | (133,328) | (99,192) | 47,719 | 87,719 | 1,560,521 | ||||||||
Invesco Investment Grade Defensive ETF | 2.54% | 450,598 | 915,781 | (821,631) | (31,298) | (9,835) | 5,489 | 20,183 | 500,106 | ||||||||
Invesco Investment Grade Value ETF | 1.38% | 271,436 | 522,233 | (468,935) | (34,176) | (16,902) | 5,713 | 11,287 | 271,411 | ||||||||
Invesco PureBetaSM 0-5 Yr US TIPS ETF(b) | 5.70% | 906,909 | 2,081,631 | (1,845,942) | (30,574) | 9,036 | 36,839 | 43,093 | 1,120,720 | ||||||||
Invesco Senior Loan ETF(b) | 3.82% | 811,241 | 1,570,925 | (1,572,113) | (35,167) | (24,034) | 24,238 | 35,806 | 750,852 | ||||||||
Invesco Taxable Municipal Bond ETF | 12.64% | 2,909,041 | 5,639,148 | (5,368,484) | (396,736) | (295,844) | 71,331 | 88,384 | 2,487,125 | ||||||||
Invesco Variable Rate Investment Grade ETF | 6.76% | 1,715,344 | 3,271,886 | (3,628,256) | (19,714) | (8,755) | 13,415 | 53,823 | 1,330,505 | ||||||||
Total Fixed Income Funds | 10,326,902 | 22,991,325 | (20,706,013) | (1,040,230) | (564,871) | 249,468 | 11,001,019 | ||||||||||
| Foreign Equity Funds-9.66% | |||||||||||||||||
Invesco RAFI™ Strategic Developed ex-US ETF(b) | 3.08% | 633,217 | 1,290,135 | (1,210,226) | (98,447) | (4,090) | 23,792 | 22,203 | 606,362 | ||||||||
Invesco RAFI™ Strategic Emerging Markets ETF | 1.83% | 347,774 | 821,970 | (693,004) | (85,629) | (32,085) | 17,806 | 15,809 | 359,026 | ||||||||
Invesco S&P Emerging Markets Low Volatility ETF(b) | 1.88% | 361,083 | 738,274 | (705,508) | (41,101) | 17,220 | 14,352 | 15,750 | 369,968 | ||||||||
Invesco S&P International Developed Low Volatility ETF | 2.87% | 549,249 | 1,071,256 | (974,421) | (62,720) | (17,864) | 21,384 | 19,752 | 565,500 | ||||||||
Total Foreign Equity Funds | 1,891,323 | 3,921,635 | (3,583,159) | (287,897) | (36,819) | 77,334 | 1,900,856 | ||||||||||
| Money Market Funds-0.00% | |||||||||||||||||
Invesco Government & Agency Portfolio, Institutional Class | - | - | 196,520 | (196,520) | - | - | 11 | - | - | ||||||||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan)-99.99% (Cost $21,459,383) | 99.99% | 18,236,327 | 40,677,938 | (36,229,373) | (2,593,307) | (411,089) | 413,322 | 19,670,175 | |||||||||
| Schedule of Investments in Affiliated Issuers- 111.91%(a) | |||||||||||||||||
| % of Net Assets 07/31/22 | Value 10/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 07/31/22 | Value 07/31/22 | |||||||||
| Investments Purchased with Cash Collateral from Securities on Loan | |||||||||||||||||
| Money Market Funds-11.92% | |||||||||||||||||
Invesco Private Government Fund, 1.77%(c)(d) | 3.34% | $756,635 | $15,096,065 | $(15,196,409) | $- | $- | $2,234* | 656,291 | $656,291 | ||||||||
Invesco Private Prime Fund, 1.89%(c)(d) | 8.58% | 1,765,482 | 30,919,332 | (30,996,938) | - | (270) | 6,361* | 1,687,606 | 1,687,606 | ||||||||
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $2,343,897) | 11.92% | 2,522,117 | 46,015,397 | (46,193,347) | - | (270) | 8,595 | 2,343,897 | |||||||||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $23,803,280) | 111.91% | $20,758,444 | $86,693,335 | $(82,422,720) | $(2,593,307) | $(411,359)(e) | $421,917 | $22,014,072 | |||||||||
OTHER ASSETS LESS LIABILITIES | (11.91)% | (2,342,701) | |||||||||||||||
NET ASSETS | 100.00% | $19,671,371 | |||||||||||||||
| Investment Abbreviations: | |
| ETF- | Exchange-Traded Fund |
| Notes to Schedule of Investments: | |
| (a) | Each underlying fund and the Fund are affiliated by either having the same investment adviser or an investment adviser under common control with the Fund’s investment adviser. |
| (b) | All or a portion of this security was out on loan at July 31, 2022. |
| (c) | The rate shown is the 7-day SEC standardized yield as of July 31, 2022. |
| (d) | 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. |
| (e) | Includes capital gains distributions from affiliated underlying funds as follows: |
| Fund Name | Capital Gain |
| Invesco Investment Grade Defensive ETF | $3,509 |
| Invesco Investment Grade Value ETF | 2,245 |
| Invesco PureBetaSM 0-5 Yr US TIPS ETF | 340 |
| Invesco RAFI™ Strategic Developed ex-US ETF | 4,227 |
| * | 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. |
| 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 July 31, 2022. |
| (d) | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended July 31, 2022. |
| Value October 31, 2021 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain | Value July 31, 2022 | Dividend Income | |||||||
| Invesco Ltd. | $11,689 | $- | $- | $(3,529) | $- | $8,160 | $243 | ||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | 78,548,777 | 2,243,709,936 | (2,280,006,351) | - | - | 42,252,362 | 267,824 |
| Value October 31, 2021 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain | Value July 31, 2022 | Dividend Income | |||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||
| Invesco Private Government Fund | $46,821 | $13,160,399 | $(12,708,978) | $- | $- | $498,242 | $1,548* | ||||||
| Invesco Private Prime Fund | 109,249 | 25,502,851 | (24,331,200) | - | 295 | 1,281,195 | 4,189* | ||||||
| Total | $78,716,536 | $2,282,373,186 | $(2,317,046,529) | $(3,529) | $295 | $44,039,959 | $273,804 |
| * | Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any. |
| (e) | The rate shown is the 7-day SEC standardized yield as of July 31, 2022. |
| (f) | The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned. |
| Open Futures Contracts(a) | ||||||||||
| Long Futures Contracts | Number of Contracts | Expiration Month | Notional Value | Value | Unrealized Appreciation (Depreciation) | |||||
| Equity Risk | ||||||||||
| CBOE Volatility Index | 165 | August-2022 | $3,863,607 | $(263,459) | $(263,459) | |||||
| CBOE Volatility Index | 110 | September-2022 | 2,791,987 | (123,274) | (123,274) | |||||
| E-Mini S&P 500 Index | 303 | September-2022 | 62,622,525 | 2,803,642 | 2,803,642 | |||||
| Micro E-Mini S&P 500 Index | 4 | September-2022 | 82,670 | 2,452 | 2,452 | |||||
| Total Futures Contracts | $2,419,361 | $2,419,361 | ||||||||
| (a) | Futures contracts collateralized by $24,546,565 cash held with Merrill Lynch International, the futures commission merchant. |
| Investment Abbreviations: | |
| AGM | -Assured Guaranty Municipal Corp. |
| CLO | -Collateralized Loan Obligation |
| Conv. | -Convertible |
| Ctfs. | -Certificates |
| EUR | -Euro |
| GO | -General Obligation |
| INS | -Insurer |
| IO | -Interest Only |
| LIBOR | -London Interbank Offered Rate |
| Pfd. | -Preferred |
| RB | -Revenue Bonds |
| Ref. | -Refunding |
| REIT | -Real Estate Investment Trust |
| SOFR | -Secured Overnight Financing Rate |
| STACR® | -Structured Agency Credit Risk |
| STRIPS | -Separately Traded Registered Interest and Principal Security |
| TBA | -To Be Announced |
| 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) | All or a portion of this security was out on loan at July 31, 2022. |
| (c) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at July 31, 2022 was $388,955,610, which represented 43.76% of the Fund’s Net Assets. |
| (d) | Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate. |
| (e) | Perpetual bond with no specified maturity date. |
| (f) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on July 31, 2022. |
| (g) | Security valued using significant unobservable inputs (Level 3). See Note 1. |
| (h) | Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on July 31, 2022. |
| (i) | Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date. |
| (j) | Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security. |
| (k) | Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security. Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on July 31, 2022. |
| (l) | Denotes a zero coupon security issued at a substantial discount from its value at maturity. |
| (m) | Security purchased on a forward commitment basis. This security is subject to dollar roll transactions. |
| (n) | $1,129,448 was pledged as collateral to cover margin requirements for open futures contracts. |
| (o) | Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund. |
| (p) | CAS notes are bonds issued by Fannie Mae. The amount of periodic principal and ultimate principal paid by Fannie Mae is determined by the performance of a large and diverse reference pool. |
| (q) | Principal payments are determined by the delinquency and principal payment experience on the STACR® reference pool. Freddie Mac transfers credit risk from the mortgages in the reference pool to credit investors who invest in the STACR® debt notes. |
| (r) | Principal and/or interest payments are secured by the bond insurance company listed. |
| (s) | Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s obligations but may be called upon to satisfy the issuer’s obligations. No concentration of any single entity was greater than 5% each. |
| (t) | Foreign denominated security. Principal amount is denominated in the currency indicated. |
| (u) | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended July 31, 2022. |
| Value October 31, 2021 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value July 31, 2022 | Dividend Income | |||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||
| Invesco Private Government Fund | $21,439,698 | $470,508,756 | $(478,551,461) | $- | $- | $13,396,993 | $72,150* | ||||||
| Invesco Private Prime Fund | 50,025,963 | 997,433,117 | (1,012,731,097) | (691) | (23,976) | 34,703,316 | 212,873* | ||||||
| Total | $71,465,661 | $1,467,941,873 | $(1,491,282,558) | $(691) | $(23,976) | $48,100,309 | $285,023 |
| * | 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. |
| (v) | The rate shown is the 7-day SEC standardized yield as of July 31, 2022. |
| (w) | 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 table below details options purchased. |
| Open Exchange-Traded Equity Options Purchased | ||||||||||||||
| Description | Type of Contract | Expiration Date | Number of Contracts | Exercise Price | Notional Value* | Value | ||||||||
| Equity Risk | ||||||||||||||
| iShares China Large-Cap ETF | Call | 01/20/2023 | 1,153 | $41 | $4,727,300 | $19,025 | ||||||||
| Alphabet, Inc., Class C | Call | 01/20/2023 | 20 | 125 | 2,500 | 13,700 | ||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF | Put | 01/20/2023 | 1,676 | 74 | 124,024 | 321,792 | ||||||||
| Total Exchange-Traded Equity Options Purchased | $354,517 | |||||||||||||
| * | Notional Value is calculated by multiplying the Number of Contracts by the Exercise Price by the multiplier. |
| Open Exchange-Traded Index Options Purchased | ||||||||||||||
| Description | Type of Contract | Expiration Date | Number of Contracts | Exercise Price | Notional Value* | Value | ||||||||
| Equity Risk | ||||||||||||||
| S&P 500 Index | Call | 03/17/2023 | 29 | $4,275 | $12,397,500 | $660,910 | ||||||||
| S&P 500 Index | Call | 03/17/2023 | 5 | 4,200 | 2,100,000 | 133,300 | ||||||||
| Total Index Options Purchased | $794,210 | |||||||||||||
| * | Notional Value is calculated by multiplying the Number of Contracts by the Exercise Price by the multiplier. |
| Open Exchange-Traded Equity Options Written | ||||||||||||||
| Description | Type of Contract | Expiration Date | Number of Contracts | Exercise Price | Notional Value* | Value | ||||||||
| Equity Risk | ||||||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF | Put | 01/20/2023 | 1,676 | $ 65 | $(108,940) | $(93,856) | ||||||||
| * | 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* | Value | |||||||||
| Equity Risk | |||||||||||||||
| S&P 500 Index | Call | 03/17/2023 | 33 | $ 4,450 | $(14,685,000) | $(490,710) | |||||||||
| * | Notional Value is calculated by multiplying the Number of Contracts by the Exercise Price by the multiplier. |
| Open Futures Contracts | ||||||||||
| Long Futures Contracts | Number of Contracts | Expiration Month | Notional Value | Value | Unrealized Appreciation (Depreciation) | |||||
| Interest Rate Risk | ||||||||||
| U.S. Treasury 2 Year Notes | 323 | September-2022 | $67,978,883 | $(242,886) | $(242,886) | |||||
| U.S. Treasury 5 Year Notes | 236 | September-2022 | 26,839,469 | 541,680 | 541,680 | |||||
| U.S. Treasury Long Bonds | 263 | September-2022 | 37,872,000 | 956,509 | 956,509 | |||||
| U.S. Treasury Ultra Bonds | 5 | September-2022 | 791,562 | 38,741 | 38,741 | |||||
| Subtotal—Long Futures Contracts | 1,294,044 | 1,294,044 | ||||||||
| Open Futures Contracts—(continued) | ||||||||||
| Short Futures Contracts | Number of Contracts | Expiration Month | Notional Value | Value | Unrealized Appreciation (Depreciation) | |||||
| Interest Rate Risk | ||||||||||
| U.S. Treasury 10 Year Notes | 205 | September-2022 | $(24,833,828) | $(202,232) | $(202,232) | |||||
| U.S. Treasury 10 Year Ultra Notes | 398 | September-2022 | (52,237,500) | (745,584) | (745,584) | |||||
| Subtotal—Short Futures Contracts | (947,816) | (947,816) | ||||||||
| Total Futures Contracts | $346,228 | $346,228 | ||||||||
| Shares | Value | |||
| Investments Purchased with Cash Collateral from Securities on Loan | ||||
| Money Market Funds-0.10% | ||||
Invesco Private Government Fund, 1.77%(n)(o)(p) | 620,258 | $620,258 | ||
Invesco Private Prime Fund, 1.89%(n)(o)(p) | 1,594,949 | 1,594,949 | ||
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $2,215,207) | 2,215,207 | |||
TOTAL INVESTMENTS IN SECURITIES-101.16% (Cost $2,327,569,944) | 2,292,992,361 | |||
OTHER ASSETS LESS LIABILITIES-(1.16)% | (26,206,933) | |||
NET ASSETS-100.00% | $2,266,785,428 | |||
| Investment Abbreviations: | |
| CLO | -Collateralized Loan Obligation |
| Ctfs. | -Certificates |
| LIBOR | -London Interbank Offered Rate |
| 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 July 31, 2022 was $1,499,625,059, which represented 66.16% of the Fund’s Net Assets. |
| (c) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on July 31, 2022. |
| (d) | All or a portion of this security was out on loan at July 31, 2022. |
| (e) | Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate. |
| (f) | Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on July 31, 2022. |
| (g) | Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date. |
| (h) | Variable rate senior loan interests often require prepayments from excess cash flow or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with any accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, it is anticipated that the variable rate senior loan interests will have an expected average life of three to five years. |
| (i) | Variable rate senior loan interests are, at present, not readily marketable, not registered under the 1933 Act and may be subject to contractual and legal restrictions on sale. Variable rate senior loan interests in the Fund’s portfolio generally have variable rates which adjust to a base, such as the LIBOR, on set dates, typically every 30 days, but not greater than one year, and/or have interest rates that float at margin above a widely recognized base lending rate such as the Prime Rate of a designated U.S. bank. |
| (j) | Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund. |
| (k) | Principal amount equals value at period end. |
| (l) | Either party may terminate the agreement upon demand. Interest rates, principal amount and collateral are redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date. |
| (m) | Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date. |
| (n) | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended July 31, 2022. |
| Value October 31, 2021 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation | Realized Gain (Loss) | Value July 31, 2022 | Dividend Income | |||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||
| Invesco Private Government Fund | $3,241,242 | $20,585,954 | $(23,206,938) | $- | $- | $620,258 | $4,010* | ||||||
| Invesco Private Prime Fund | 7,562,898 | 31,450,131 | (37,415,667) | - | (2,413) | 1,594,949 | 11,759* | ||||||
| Total | $10,804,140 | $52,036,085 | $(60,622,605) | $- | $(2,413) | $2,215,207 | $15,769 |
| * | 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. |
| (o) | The rate shown is the 7-day SEC standardized yield as of July 31, 2022. |
| (p) | 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. |
| Investment Abbreviations: | |
| ARM | -Adjustable Rate Mortgage |
| Ctfs. | -Certificates |
| LIBOR | -London Interbank Offered Rate |
| REMICs | -Real Estate Mortgage Investment Conduits |
| SOFR | -Secured Overnight Financing Rate |
| STACR® | -Structured Agency Credit Risk |
| 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) | All or a portion of this security was out on loan at July 31, 2022. |
| (c) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on July 31, 2022. |
| (d) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at July 31, 2022 was $268,159,203, which represented 42.21% of the Fund’s Net Assets. |
| (e) | Perpetual bond with no specified maturity date. |
| (f) | CAS notes are bonds issued by Fannie Mae. The amount of periodic principal and ultimate principal paid by Fannie Mae is determined by the performance of a large and diverse reference pool. |
| (g) | Principal payments are determined by the delinquency and principal payment experience on the STACR® reference pool. Freddie Mac transfers credit risk from the mortgages in the reference pool to credit investors who invest in the STACR® debt notes. |
| (h) | Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on July 31, 2022. |
| (i) | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended July 31, 2022. |
| Value October 31, 2021 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value July 31, 2022 | Dividend Income | |||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $178,982 | $406,917,206 | $(403,523,019) | $- | $- | $3,573,169 | $25,246 | ||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||
| Invesco Private Government Fund | 3,309,054 | 73,076,522 | (72,960,086) | - | - | 3,425,490 | 15,695* | ||||||
| Invesco Private Prime Fund | 7,721,126 | 166,461,128 | (165,368,181) | (160) | (5,511) | 8,808,402 | 45,351* | ||||||
| Total | $11,209,162 | $646,454,856 | $(641,851,286) | $(160) | $(5,511) | $15,807,061 | $86,292 |
| * | 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. |
| (j) | The rate shown is the 7-day SEC standardized yield as of July 31, 2022. |
| (k) | 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. |
| Level 1 | Level 2 | Level 3 | Total | ||||
| Invesco Active U.S. Real Estate ETF | |||||||
| Investments in Securities | |||||||
| Common Stocks & Other Equity Interests | $131,186,384 | $- | $- | $131,186,384 | |||
| Money Market Funds | - | 10,650,372 | - | 10,650,372 | |||
| Total Investments | $131,186,384 | $10,650,372 | $- | $141,836,756 | |||
| Invesco Balanced Multi-Asset Allocation ETF | |||||||
| Investments in Securities | |||||||
| Affiliated Issuers | $29,369,795 | $- | $- | $29,369,795 | |||
| Money Market Funds | - | 1,846,832 | - | 1,846,832 | |||
| Total Investments | $29,369,795 | $1,846,832 | $- | $31,216,627 | |||
| Invesco Conservative Multi-Asset Allocation ETF | |||||||
| Investments in Securities | |||||||
| Affiliated Issuers | $13,370,951 | $- | $- | $13,370,951 | |||
| Money Market Funds | - | 1,500,803 | - | 1,500,803 | |||
| Total Investments | $13,370,951 | $1,500,803 | $- | $14,871,754 | |||
| Invesco Growth Multi-Asset Allocation ETF | |||||||
| Investments in Securities | |||||||
| Affiliated Issuers | $23,074,624 | $- | $- | $23,074,624 | |||
| Money Market Funds | - | 1,002,395 | - | 1,002,395 | |||
| Total Investments | $23,074,624 | $1,002,395 | $- | $24,077,019 |
| Level 1 | Level 2 | Level 3 | Total | ||||
| Invesco High Yield Bond Factor ETF | |||||||
| Investments in Securities | |||||||
| U.S. Dollar Denominated Bonds & Notes | $- | $35,791,490 | $- | $35,791,490 | |||
| U.S. Treasury Securities | - | 153,992 | - | 153,992 | |||
| Money Market Funds | 665,370 | 985,660 | - | 1,651,030 | |||
| Total Investments in Securities | 665,370 | 36,931,142 | - | 37,596,512 | |||
| Other Investments - Assets* | |||||||
| Futures Contracts | 83,145 | - | - | 83,145 | |||
| Other Investments - Liabilities* | |||||||
| Swap Agreements | - | (50,763) | - | (50,763) | |||
| Total Other Investments | 83,145 | (50,763) | - | 32,382 | |||
| Total Investments | $748,515 | $36,880,379 | $- | $37,628,894 | |||
| Invesco Moderately Conservative Multi-Asset Allocation ETF | |||||||
| Investments in Securities | |||||||
| Affiliated Issuers | $19,670,175 | $- | $- | $19,670,175 | |||
| Money Market Funds | - | 2,343,897 | - | 2,343,897 | |||
| Total Investments | $19,670,175 | $2,343,897 | $- | $22,014,072 | |||
| Invesco S&P 500® Downside Hedged ETF | |||||||
| Investments in Securities | |||||||
| Common Stocks & Other Equity Interests | $197,165,203 | $- | $- | $197,165,203 | |||
| Money Market Funds | 42,252,362 | 1,779,437 | - | 44,031,799 | |||
| Total Investments in Securities | 239,417,565 | 1,779,437 | - | 241,197,002 | |||
| Other Investments - Assets* | |||||||
| Futures Contracts | 2,806,094 | - | - | 2,806,094 | |||
| Other Investments - Liabilities* | |||||||
| Futures Contracts | (386,733) | - | - | (386,733) | |||
| Total Other Investments | 2,419,361 | - | - | 2,419,361 | |||
| Total Investments | $241,836,926 | $1,779,437 | $- | $243,616,363 | |||
| Invesco Total Return Bond ETF | |||||||
| Investments in Securities | |||||||
| U.S. Dollar Denominated Bonds & Notes | $- | $469,297,035 | $2,705,409 | $472,002,444 | |||
| Asset-Backed Securities | - | 216,153,298 | - | 216,153,298 | |||
| U.S. Government Sponsored Agency Mortgage-Backed Securities | - | 101,696,101 | - | 101,696,101 | |||
| U.S. Treasury Securities | - | 88,598,698 | - | 88,598,698 | |||
| Agency Credit Risk Transfer Notes | - | 6,268,904 | - | 6,268,904 | |||
| Preferred Stocks | 294,408 | 4,534,791 | - | 4,829,199 | |||
| Municipal Obligations | - | 3,638,300 | - | 3,638,300 | |||
| U.S. Government Sponsored Agency Securities | - | 2,756,108 | - | 2,756,108 | |||
| Options Purchased | 1,148,727 | - | - | 1,148,727 | |||
| Non-U.S. Dollar Denominated Bonds & Notes | - | 158,046 | - | 158,046 | |||
| Money Market Funds | - | 48,100,309 | - | 48,100,309 | |||
| Total Investments in Securities | 1,443,135 | 939,805,714 | 4,101,285 | 945,350,134 | |||
| Other Investments - Assets* | |||||||
| Futures Contracts | 1,536,930 | - | - | 1,536,930 | |||
| Investments Matured | - | 68,029 | - | 68,029 | |||
| 1,536,930 | 68,029 | - | 1,604,959 | ||||
| Other Investments - Liabilities* | |||||||
| Futures Contracts | (1,190,702) | - | - | (1,190,702) | |||
| Options written | (584,566) | - | - | (584,566) | |||
| (1,775,268) | - | - | (1,775,268) | ||||
| Total Other Investments | (238,338) | 68,029 | - | (170,309) | |||
| Total Investments | $1,204,797 | $939,873,743 | $4,101,285 | $945,179,825 |
| Level 1 | Level 2 | Level 3 | Total | ||||
| Invesco Variable Rate Investment Grade ETF | |||||||
| Investments in Securities | |||||||
| U.S. Dollar Denominated Bonds & Notes | $- | $303,549,349 | $- | $303,549,349 | |||
| U.S. Treasury Securities | - | 108,323,789 | - | 108,323,789 | |||
| Agency Credit Risk Transfer Notes | - | 105,552,417 | - | 105,552,417 | |||
| Asset-Backed Securities | - | 93,474,090 | - | 93,474,090 | |||
| U.S. Government Sponsored Agency Mortgage-Backed Securities | - | 19,254,087 | - | 19,254,087 | |||
| Money Market Funds | 3,573,169 | 12,233,892 | - | 15,807,061 | |||
| Total Investments | $3,573,169 | $642,387,624 | $- | $645,960,793 |
| * | Futures contracts and swap agreements are valued at unrealized appreciation (depreciation). Investments matured and options written are shown at value. |