Invesco Peak Retirement™ Destination Fund | |||||||||
Schedule of Investments in Affiliated Issuers–100.59%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Alternative Funds–11.55% | |||||||||
Invesco Global Real Estate Income Fund, Class R6 | 7.56% | $372,819 | $53,032 | $(36,648) | $(19,463) | $3,135 | $2,121 | 38,922 | $372,875 |
Invesco Multi-Asset Income Fund, Class R6 | 3.99% | 201,619 | 23,357 | (15,677) | (11,833) | (835) | 3,193 | 21,490 | 196,631 |
Total Alternative Funds | 574,438 | 76,389 | (52,325) | (31,296) | 2,300 | 5,314 | 569,506 | ||
Domestic Equity Funds–19.61% | |||||||||
Invesco S&P 500® Enhanced Value ETF | 8.56% | 432,173 | 42,242 | (58,838) | (8,443) | 14,757 | 2,205 | 9,413 | 421,891 |
Invesco S&P 500® High Dividend Low Volatility ETF(b) | 11.05% | 544,492 | 54,053 | (77,292) | 10,960 | 12,685 | 5,065 | 11,542 | 544,898 |
Total Domestic Equity Funds | 976,665 | 96,295 | (136,130) | 2,517 | 27,442 | 7,270 | 966,789 | ||
Fixed Income Funds–56.19% | |||||||||
Invesco Core Plus Bond Fund, Class R6 | 8.29% | 424,429 | 66,505 | (50,086) | (29,048) | (3,272) | 2,622 | 39,896 | 408,528 |
Invesco Floating Rate ESG Fund, Class R6 | 6.00% | 300,333 | 34,551 | (35,462) | (3,698) | 240 | 2,857 | 41,106 | 295,964 |
Invesco High Yield Bond Factor ETF | 6.66% | 336,808 | 45,788 | (35,753) | (16,389) | (2,156) | 3,851 | 13,650 | 328,298 |
Invesco Income Fund, Class R6 | 5.91% | 300,088 | 38,162 | (34,772) | (11,777) | (119) | 2,498 | 38,518 | 291,582 |
Invesco Intermediate Bond Factor Fund, Class R6 | 3.91% | 199,563 | 31,084 | (24,205) | (12,380) | (1,493) | 955 | 19,010 | 192,569 |
Invesco International Bond Fund, Class R6 | 5.67% | 277,190 | 50,543 | (31,245) | (14,227) | (2,926) | 2,119 | 58,438 | 279,335 |
Invesco Short Duration Inflation Protected Fund, Class R6 | 4.50% | 225,495 | 30,313 | (29,677) | (4,036) | (45) | 2,881 | 20,850 | 222,050 |
Invesco Taxable Municipal Bond ETF | 10.78% | 545,686 | 110,289 | (67,033) | (53,432) | (3,913) | 3,753 | 17,917 | 531,597 |
Invesco Variable Rate Preferred ETF | 4.47% | 225,763 | 33,277 | (25,069) | (13,406) | (190) | 2,628 | 9,017 | 220,375 |
Total Fixed Income Funds | 2,835,355 | 440,512 | (333,302) | (158,393) | (13,874) | 24,164 | 2,770,298 | ||
Foreign Equity Funds–8.24% | |||||||||
Invesco S&P International Developed Low Volatility ETF | 8.24% | 404,075 | 44,133 | (33,284) | (9,814) | 987 | 3,078 | 13,041 | 406,097 |
Money Market Funds–5.00% | |||||||||
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(c) | 2.36% | 121,437 | 411,938 | (416,864) | — | — | 19 | 116,511 | 116,511 |
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(c) | 2.64% | 135,061 | 411,938 | (416,864) | (26) | (40) | 16 | 130,108 | 130,069 |
Total Money Market Funds | 256,498 | 823,876 | (833,728) | (26) | (40) | 35 | 246,580 | ||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan) (Cost $4,901,736) | 100.59% | 5,047,031 | 1,481,205 | (1,388,769) | (197,012) | 16,815 | 39,861 | 4,959,270 | |
Investments Purchased with Cash Collateral from Securities on Loan | |||||||||
Money Market Funds–1.29% | |||||||||
Invesco Private Government Fund, 0.31%(c)(d) | 0.39% | — | 962,412 | (943,395) | — | — | 18(e) | 19,017 | 19,017 |
Invesco Private Prime Fund, 0.34%(c)(d) | 0.90% | — | 2,240,247 | (2,195,889) | 4 | 10 | 41(e) | 44,377 | 44,372 |
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $63,385) | 1.29% | — | 3,202,659 | (3,139,284) | 4 | 10 | 59 | 63,389 | |
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $4,965,121) | 101.88% | $5,047,031 | $4,683,864 | $(4,528,053) | $(197,008) | $16,825 | $39,920 | $5,022,659 | |
OTHER ASSETS LESS LIABILITIES | (1.88)% | (92,646) | |||||||
NET ASSETS | 100.00% | $4,930,013 |
ETF - | Exchange-Traded Fund |
(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 March 31, 2022. |
(c) | The rate shown is the 7-day SEC standardized yield as of March 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) | 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. |
Invesco Peak Retirement™ 2010 Fund | |||||||||
Schedule of Investments in Affiliated Issuers–100.14%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Alternative Funds–9.45% | |||||||||
Invesco Global Real Estate Income Fund, Class R6 | 6.26% | $34,489 | $6,747 | $(1,594) | $(1,319) | $(122) | $217 | 3,987 | $38,201 |
Invesco Multi-Asset Income Fund, Class R6 | 3.19% | 16,259 | 5,311 | (996) | (957) | (104) | 289 | 2,133 | 19,513 |
Total Alternative Funds | 50,748 | 12,058 | (2,590) | (2,276) | (226) | 506 | 57,714 | ||
Domestic Equity Funds–21.46% | |||||||||
Invesco Main Street Small Cap Fund, Class R6 | 0.78% | 5,121 | 973 | (976) | (106) | (226) | — | 238 | 4,786 |
Invesco S&P 500® Enhanced Value ETF | 9.15% | 53,844 | 7,718 | (6,263) | 395 | 196 | 265 | 1,247 | 55,890 |
Invesco S&P 500® High Dividend Low Volatility ETF | 11.53% | 65,249 | 10,827 | (8,545) | 2,628 | 231 | 585 | 1,491 | 70,390 |
Total Domestic Equity Funds | 124,214 | 19,518 | (15,784) | 2,917 | 201 | 850 | 131,066 | ||
Fixed Income Funds–54.85% | |||||||||
Invesco Core Plus Bond Fund, Class R6 | 8.41% | 47,477 | 10,132 | (2,778) | (3,191) | (294) | 291 | 5,014 | 51,346 |
Invesco Floating Rate ESG Fund, Class R6 | 6.01% | 33,672 | 6,723 | (3,320) | (268) | (96) | 320 | 5,099 | 36,711 |
Invesco High Yield Bond Factor ETF | 6.49% | 36,478 | 6,601 | (1,581) | (1,762) | (124) | 399 | 1,647 | 39,612 |
Invesco Income Fund, Class R6 | 5.54% | 30,889 | 6,214 | (2,078) | (1,092) | (93) | 255 | 4,470 | 33,840 |
Invesco Intermediate Bond Factor Fund, Class R6 | 3.94% | 21,492 | 5,462 | (1,394) | (1,375) | (105) | 106 | 2,377 | 24,080 |
Invesco International Bond Fund, Class R6 | 5.15% | 28,349 | 4,772 | — | (1,692) | — | 215 | 6,575 | 31,429 |
Invesco Short Duration Inflation Protected Fund, Class R6 | 4.41% | 24,406 | 6,000 | (3,011) | (426) | (58) | 349 | 2,527 | 26,911 |
Invesco Taxable Municipal Bond ETF | 10.81% | 61,504 | 12,437 | (1,628) | (6,119) | (178) | 403 | 2,225 | 66,016 |
Invesco Variable Rate Preferred ETF | 4.09% | 22,628 | 4,605 | (997) | (1,170) | (88) | 252 | 1,022 | 24,978 |
Total Fixed Income Funds | 306,895 | 62,946 | (16,787) | (17,095) | (1,036) | 2,590 | 334,923 | ||
Foreign Equity Funds–8.78% | |||||||||
Invesco Developing Markets Fund, Class R6 | 1.00% | 6,304 | 773 | — | (969) | — | — | 154 | 6,108 |
Invesco S&P International Developed Low Volatility ETF | 7.78% | 43,954 | 6,946 | (2,359) | (878) | (175) | 322 | 1,525 | 47,488 |
Total Foreign Equity Funds | 50,258 | 7,719 | (2,359) | (1,847) | (175) | 322 | 53,596 | ||
Money Market Funds–5.60% | |||||||||
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(b) | 1.96% | 10,297 | 41,286 | (39,610) | — | — | 1 | 11,973 | 11,973 |
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(b) | 1.40% | 7,353 | 29,490 | (28,293) | — | (4) | — | 8,548 | 8,546 |
Invesco Treasury Portfolio, Institutional Class, 0.16%(b) | 2.24% | 11,768 | 47,184 | (45,269) | — | — | — | 13,683 | 13,683 |
Total Money Market Funds | 29,418 | 117,960 | (113,172) | — | (4) | 1 | 34,202 | ||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $627,175) | 100.14% | $561,533 | $220,201 | $(150,692) | $(18,301) | $(1,240) | $4,269 | $611,501 | |
OTHER ASSETS LESS LIABILITIES | (0.14)% | (877) | |||||||
NET ASSETS | 100.00% | $610,624 |
ETF - | Exchange-Traded Fund |
(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) | The rate shown is the 7-day SEC standardized yield as of March 31, 2022. |
Invesco Peak Retirement™ 2015 Fund | |||||||||
Schedule of Investments in Affiliated Issuers–100.41%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Alternative Funds–7.09% | |||||||||
Invesco Global Real Estate Income Fund, Class R6 | 4.87% | $74,415 | $13,427 | $(2,718) | $(3,647) | $255 | $465 | 8,531 | $81,732 |
Invesco Multi-Asset Income Fund, Class R6 | 2.22% | 32,671 | 7,003 | — | (2,303) | — | 592 | 4,084 | 37,371 |
Total Alternative Funds | 107,086 | 20,430 | (2,718) | (5,950) | 255 | 1,057 | 119,103 | ||
Domestic Equity Funds–24.43% | |||||||||
Invesco Main Street Small Cap Fund, Class R6 | 2.77% | 54,735 | 5,731 | (10,982) | (2,569) | (344) | — | 2,314 | 46,571 |
Invesco S&P 500® Enhanced Value ETF | 9.72% | 165,264 | 6,113 | (9,744) | (1,911) | 3,557 | 854 | 3,643 | 163,279 |
Invesco S&P 500® High Dividend Low Volatility ETF | 11.94% | 203,307 | 6,232 | (17,428) | 5,129 | 3,402 | 1,889 | 4,250 | 200,642 |
Total Domestic Equity Funds | 423,306 | 18,076 | (38,154) | 649 | 6,615 | 2,743 | 410,492 | ||
Fixed Income Funds–53.37% | |||||||||
Invesco Core Plus Bond Fund, Class R6 | 8.51% | 139,327 | 14,404 | — | (10,682) | — | 876 | 13,970 | 143,049 |
Invesco Floating Rate ESG Fund, Class R6 | 6.09% | 99,121 | 4,624 | (308) | (1,137) | (4) | 956 | 14,208 | 102,296 |
Invesco High Yield Bond Factor ETF | 6.32% | 102,530 | 9,321 | — | (5,714) | — | 1,201 | 4,413 | 106,137 |
Invesco Income Fund, Class R6 | 4.71% | 73,977 | 8,226 | — | (3,077) | — | 652 | 10,452 | 79,126 |
Invesco Intermediate Bond Factor Fund, Class R6 | 3.99% | 64,528 | 7,146 | — | (4,579) | — | 322 | 6,623 | 67,095 |
Invesco International Bond Fund, Class R6 | 4.70% | 74,264 | 9,659 | — | (4,935) | — | 778 | 16,525 | 78,988 |
Invesco Short Duration Inflation Protected Fund, Class R6 | 4.46% | 73,961 | 5,238 | (2,886) | (1,357) | 10 | 973 | 7,039 | 74,966 |
Invesco Taxable Municipal Bond ETF | 10.95% | 180,390 | 22,778 | — | (19,214) | — | 1,227 | 6,200 | 183,954 |
Invesco Variable Rate Preferred ETF | 3.64% | 57,594 | 7,019 | — | (3,537) | — | 695 | 2,499 | 61,076 |
Total Fixed Income Funds | 865,692 | 88,415 | (3,194) | (54,232) | 6 | 7,680 | 896,687 | ||
Foreign Equity Funds–10.30% | |||||||||
Invesco EQV Emerging Markets All Cap Fund, Class R6 | 1.21% | 24,681 | 3,138 | (4,543) | (2,264) | (692) | — | 625 | 20,320 |
Invesco Developing Markets Fund, Class R6 | 1.47% | 24,876 | 4,596 | (831) | (3,801) | (140) | — | 623 | 24,700 |
Invesco S&P International Developed Low Volatility ETF | 7.62% | 124,520 | 6,660 | — | (3,163) | — | 960 | 4,111 | 128,017 |
Total Foreign Equity Funds | 174,077 | 14,394 | (5,374) | (9,228) | (832) | 960 | 173,037 | ||
Money Market Funds–5.22% | |||||||||
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(b) | 2.62% | 43,354 | 62,175 | (61,566) | — | — | 7 | 43,963 | 43,963 |
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(b) | 2.60% | 43,051 | 62,174 | (61,565) | (12) | (13) | 5 | 43,648 | 43,635 |
Total Money Market Funds | 86,405 | 124,349 | (123,131) | (12) | (13) | 12 | 87,598 | ||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $1,679,392) | 100.41% | $1,656,566 | $265,664 | $(172,571) | $(68,773) | $6,031 | $12,452 | $1,686,917 | |
OTHER ASSETS LESS LIABILITIES | (0.41)% | (6,871) | |||||||
NET ASSETS | 100.00% | $1,680,046 |
ETF - | Exchange-Traded Fund |
(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) | The rate shown is the 7-day SEC standardized yield as of March 31, 2022. |
Invesco Peak Retirement™ 2020 Fund | |||||||||
Schedule of Investments in Affiliated Issuers–100.58%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Alternative Funds–5.33% | |||||||||
Invesco Global Real Estate Income Fund, Class R6 | 3.32% | $382,843 | $49,284 | $(24,782) | $(19,348) | $1,735 | $2,216 | 40,682 | $389,732 |
Invesco Macro Allocation Strategy Fund, Class R6 | 0.80% | 123,136 | — | (22,672) | (4,455) | (1,780) | — | 11,735 | 94,229 |
Invesco Multi-Asset Income Fund, Class R6 | 1.21% | 125,351 | 29,556 | (4,431) | (8,779) | (315) | 2,306 | 15,451 | 141,382 |
Total Alternative Funds | 631,330 | 78,840 | (51,885) | (32,582) | (360) | 4,522 | 625,343 | ||
Domestic Equity Funds–28.87% | |||||||||
Invesco Main Street Small Cap Fund, Class R6 | 4.18% | 586,764 | 43,367 | (108,982) | (24,084) | (6,915) | — | 24,349 | 490,150 |
Invesco PureBetaSM MSCI USA ETF | 4.06% | 624,487 | 44,355 | (164,750) | (57,933) | 30,526 | 1,743 | 10,472 | 476,685 |
Invesco Russell 1000 Dynamic Multifactor ETF | 5.28% | 821,239 | 55,776 | (215,002) | (84,694) | 42,052 | 1,622 | 13,012 | 619,371 |
Invesco S&P 500® Enhanced Value ETF | 4.35% | 379,840 | 199,881 | (67,495) | (16,446) | 14,944 | 2,700 | 11,395 | 510,724 |
Invesco S&P 500® High Dividend Low Volatility ETF | 5.75% | 514,109 | 220,057 | (84,479) | 12,533 | 11,987 | 6,433 | 14,281 | 674,207 |
Invesco U.S. Managed Volatility Fund, Class R6 | 5.25% | 820,799 | 27,079 | (185,704) | (76,438) | 29,585 | — | 44,364 | 615,321 |
Total Domestic Equity Funds | 3,747,238 | 590,515 | (826,412) | (247,062) | 122,179 | 12,498 | 3,386,458 | ||
Fixed Income Funds–49.55% | |||||||||
Invesco Core Plus Bond Fund, Class R6 | 8.46% | 1,060,678 | 52,924 | (43,447) | (75,151) | (2,813) | 6,342 | 96,893 | 992,191 |
Invesco Floating Rate ESG Fund, Class R6 | 5.24% | 628,753 | 42,457 | (49,299) | (7,240) | 208 | 5,973 | 85,400 | 614,879 |
Invesco High Yield Bond Factor ETF | 6.03% | 749,467 | 28,840 | (31,025) | (38,611) | (1,665) | 8,321 | 29,396 | 707,006 |
Invesco Income Fund, Class R6 | 2.09% | 186,630 | 81,521 | (13,083) | (10,333) | 475 | 2,088 | 32,392 | 245,210 |
Invesco Intermediate Bond Factor Fund, Class R6 | 3.97% | 493,721 | 23,965 | (18,860) | (32,561) | (955) | 3,116 | 45,934 | 465,310 |
Invesco International Bond Fund, Class R6 | 3.35% | 375,455 | 63,503 | (20,446) | (24,011) | (1,480) | 3,037 | 82,222 | 393,021 |
Invesco Short Duration Inflation Protected Fund, Class R6 | 4.43% | 563,057 | 19,192 | (52,479) | (8,654) | (1,208) | 6,747 | 48,817 | 519,908 |
Invesco Taxable Municipal Bond ETF | 10.87% | 1,373,344 | 86,903 | (45,085) | (137,312) | (2,070) | 8,891 | 42,999 | 1,275,780 |
Invesco Variable Rate Investment Grade ETF | 3.20% | 499,346 | 3,309 | (125,520) | (2,220) | 157 | 635 | 15,045 | 375,072 |
Invesco Variable Rate Preferred ETF | 1.91% | 185,898 | 55,659 | (4,221) | (13,490) | (269) | 2,652 | 9,148 | 223,577 |
Total Fixed Income Funds | 6,116,349 | 458,273 | (403,465) | (349,583) | (9,620) | 47,802 | 5,811,954 | ||
Foreign Equity Funds–11.72% | |||||||||
Invesco EQV Emerging Markets All Cap Fund, Class R6 | 2.90% | 407,005 | 67,651 | (87,974) | (29,505) | (16,666) | — | 10,468 | 340,511 |
Invesco Developing Markets Fund, Class R6 | 2.92% | 409,798 | 60,822 | (76,043) | (33,659) | (18,629) | — | 8,637 | 342,289 |
Invesco International Small-Mid Company Fund, Class R6 | 1.18% | 194,395 | 15,010 | (42,641) | (32,550) | 4,054 | — | 2,936 | 138,268 |
Invesco RAFI™ Strategic Developed ex-US ETF | 2.02% | 313,297 | 5,436 | (82,943) | (4,179) | 5,241 | 2,158 | 7,835 | 236,852 |
Invesco S&P International Developed Low Volatility ETF | 2.70% | 187,338 | 155,361 | (16,369) | (9,302) | 538 | 2,431 | 10,198 | 317,566 |
Total Foreign Equity Funds | 1,511,833 | 304,280 | (305,970) | (109,195) | (25,462) | 4,589 | 1,375,486 | ||
Money Market Funds–5.11% | |||||||||
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(b) | 2.45% | 319,469 | 953,193 | (984,916) | — | — | 43 | 287,746 | 287,746 |
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(b) | 2.66% | 343,753 | 953,193 | (984,917) | (38) | (110) | 35 | 311,975 | 311,881 |
Total Money Market Funds | 663,222 | 1,906,386 | (1,969,833) | (38) | (110) | 78 | 599,627 | ||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from
securities on loan) (Cost $11,940,874) | 100.58% | 12,669,972 | 3,338,294 | (3,557,565) | (738,460) | 86,627 | 69,489 | 11,798,868 |
Invesco Peak Retirement™ 2020 Fund (continued) | |||||||||
Schedule of Investments in Affiliated Issuers–100.58%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Investments Purchased with Cash Collateral from Securities on Loan | |||||||||
Money Market Funds–0.00% | |||||||||
Invesco Private Government Fund, 0.31%(b) | — | $— | $368,398 | $(368,398) | $— | $— | $12(c) | — | $— |
Invesco Private Prime Fund, 0.34%(b) | — | — | 856,571 | (856,616) | — | 45 | 36(c) | — | — |
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $0) | 0.00% | — | 1,224,969 | (1,225,014) | — | 45 | 48 | — | |
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $11,940,874) | 100.58% | $12,669,972 | $4,563,263 | $(4,782,579) | $(738,460) | $86,672 | $69,537 | $11,798,868 | |
OTHER ASSETS LESS LIABILITIES | (0.58)% | (68,568) | |||||||
NET ASSETS | 100.00% | $11,730,300 |
ETF - | Exchange-Traded Fund |
(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) | The rate shown is the 7-day SEC standardized yield as of March 31, 2022. |
(c) | 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. |
Invesco Peak Retirement™ 2025 Fund | |||||||||
Schedule of Investments in Affiliated Issuers–99.85%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Alternative Funds–5.10% | |||||||||
Invesco Global Real Estate Income Fund, Class R6 | 3.11% | $740,583 | $59,653 | $— | $(31,465) | $— | $4,372 | 80,248 | $768,771 |
Invesco Macro Allocation Strategy Fund, Class R6 | 1.80% | 492,821 | 23,268 | (44,587) | (23,678) | (3,380) | — | 55,348 | 444,444 |
Invesco Multi-Asset Income Fund, Class R6 | 0.19% | — | 50,061 | — | (2,709) | — | 760 | 5,175 | 47,352 |
Total Alternative Funds | 1,233,404 | 132,982 | (44,587) | (57,852) | (3,380) | 5,132 | 1,260,567 | ||
Domestic Equity Funds–35.77% | |||||||||
Invesco Discovery Mid Cap Growth Fund, Class R6 | 2.39% | 736,567 | 89,889 | (120,401) | (134,824) | 19,622 | — | 19,449 | 590,853 |
Invesco Main Street Small Cap Fund, Class R6 | 5.06% | 1,289,724 | 162,269 | (130,770) | (58,063) | (13,060) | — | 62,101 | 1,250,100 |
Invesco PureBetaSM MSCI USA ETF | 5.94% | 1,476,437 | 114,598 | (47,522) | (85,511) | 10,564 | 5,266 | 32,262 | 1,468,566 |
Invesco Russell 1000 Dynamic Multifactor ETF | 8.44% | 2,150,998 | 143,821 | (81,510) | (143,080) | 17,269 | 5,291 | 43,855 | 2,087,498 |
Invesco S&P 500® Enhanced Value ETF | 0.58% | — | 149,618 | — | (5,746) | — | 752 | 3,210 | 143,872 |
Invesco S&P 500® High Dividend Low Volatility ETF | 0.83% | — | 199,454 | — | 4,493 | — | 1,845 | 4,320 | 203,947 |
Invesco U.S. Managed Volatility Fund, Class R6 | 12.53% | 3,436,423 | 225,789 | (352,240) | (258,112) | 47,700 | — | 223,472 | 3,099,560 |
Total Domestic Equity Funds | 9,090,149 | 1,085,438 | (732,443) | (680,843) | 82,095 | 13,154 | 8,844,396 | ||
Fixed Income Funds–43.74% | |||||||||
Invesco Core Plus Bond Fund, Class R6 | 7.26% | 1,726,190 | 203,561 | — | (133,691) | — | 10,968 | 175,397 | 1,796,060 |
Invesco Floating Rate ESG Fund, Class R6 | 4.19% | 991,922 | 54,960 | — | (11,499) | — | 9,719 | 143,803 | 1,035,383 |
Invesco High Yield Bond Factor ETF | 5.10% | 1,228,913 | 101,074 | — | (68,771) | — | 14,382 | 52,439 | 1,261,216 |
Invesco Income Fund, Class R6 | 1.84% | 493,541 | 3,829 | (24,296) | (21,226) | 3,246 | 3,829 | 60,118 | 455,094 |
Invesco Intermediate Bond Factor Fund, Class R6 | 3.55% | 863,932 | 73,660 | — | (60,325) | — | 4,245 | 86,601 | 877,267 |
Invesco International Bond Fund, Class R6 | 2.12% | 493,458 | 66,009 | — | (34,585) | — | 4,052 | 109,808 | 524,882 |
Invesco Short Duration Inflation Protected Fund, Class R6 | 4.11% | 984,485 | 66,162 | (14,785) | (18,002) | (574) | 13,201 | 95,520 | 1,017,286 |
Invesco Taxable Municipal Bond ETF | 10.87% | 2,706,477 | 339,964 | (77,669) | (274,916) | (6,169) | 18,047 | 90,586 | 2,687,687 |
Invesco Variable Rate Investment Grade ETF | 4.42% | 1,107,752 | 16,890 | (26,203) | (5,828) | 96 | 1,784 | 43,831 | 1,092,707 |
Invesco Variable Rate Preferred ETF | 0.28% | — | 74,255 | — | (4,186) | — | 820 | 2,867 | 70,069 |
Total Fixed Income Funds | 10,596,670 | 1,000,364 | (142,953) | (633,029) | (3,401) | 81,047 | 10,817,651 | ||
Foreign Equity Funds–14.10% | |||||||||
Invesco EQV Emerging Markets All Cap Fund, Class R6 | 3.74% | 985,018 | 105,369 | (30,611) | (129,026) | (5,614) | — | 28,439 | 925,136 |
Invesco Developing Markets Fund, Class R6 | 3.87% | 986,155 | 153,199 | (36,735) | (137,691) | (8,021) | — | 24,146 | 956,907 |
Invesco International Small-Mid Company Fund, Class R6 | 1.44% | 368,952 | 54,092 | — | (66,507) | — | — | 7,570 | 356,537 |
Invesco PureBetaSM FTSE Developed ex-North America ETF | 0.74% | 245,879 | — | (49,371) | (20,836) | 7,916 | 1,472 | 6,715 | 183,588 |
Invesco RAFI™ Strategic Developed ex-US ETF | 2.85% | 738,383 | — | (32,487) | (10,239) | 8,823 | 6,492 | 23,304 | 704,480 |
Invesco S&P International Developed Low Volatility ETF | 1.46% | 369,187 | 1,249 | — | (9,056) | — | 2,739 | 11,605 | 361,380 |
Total Foreign Equity Funds | 3,693,574 | 313,909 | (149,204) | (373,355) | 3,104 | 10,703 | 3,488,028 | ||
Money Market Funds–1.14% | |||||||||
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(b) | 0.40% | 44 | 898,512 | (800,088) | — | — | 15 | 98,468 | 98,468 |
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(b) | 0.28% | — | 641,795 | (571,468) | — | (33) | 8 | 70,315 | 70,294 |
Invesco Treasury Portfolio, Institutional Class, 0.16%(b) | 0.46% | 50 | 1,026,871 | (914,386) | — | — | 9 | 112,535 | 112,535 |
Total Money Market Funds | 94 | 2,567,178 | (2,285,942) | — | (33) | 32 | 281,297 | ||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from
securities on loan) (Cost $24,836,838) | 99.85% | 24,613,891 | 5,099,871 | (3,355,129) | (1,745,079) | 78,385 | 110,068 | 24,691,939 |
Invesco Peak Retirement™ 2025 Fund (continued) | |||||||||
Schedule of Investments in Affiliated Issuers–99.85%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Investments Purchased with Cash Collateral from Securities on Loan | |||||||||
Money Market Funds–0.00% | |||||||||
Invesco Private Government Fund, 0.31%(b) | — | $— | $399,229 | $(399,229) | $— | $— | $1(c) | — | $— |
Invesco Private Prime Fund, 0.34%(b) | — | — | 469,970 | (469,970) | — | — | 12(c) | — | — |
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $0) | 0.00% | — | 869,199 | (869,199) | — | — | 13 | — | |
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $24,836,838) | 99.85% | $24,613,891 | $5,969,070 | $(4,224,328) | $(1,745,079) | $78,385 | $110,081 | $24,691,939 | |
OTHER ASSETS LESS LIABILITIES | 0.15% | 36,376 | |||||||
NET ASSETS | 100.00% | $24,728,315 |
ETF - | Exchange-Traded Fund |
(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) | The rate shown is the 7-day SEC standardized yield as of March 31, 2022. |
(c) | 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. |
Invesco Peak Retirement™ 2030 Fund | |||||||||
Schedule of Investments in Affiliated Issuers–99.92%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Alternative Funds–4.87% | |||||||||
Invesco Global Real Estate Income Fund, Class R6 | 2.95% | $1,205,879 | $6,602 | $— | $(51,675) | $— | $6,602 | 121,170 | $1,160,806 |
Invesco Macro Allocation Strategy Fund, Class R6 | 1.92% | 750,559 | 55,041 | — | (47,138) | — | — | 94,453 | 758,462 |
Total Alternative Funds | 1,956,438 | 61,643 | — | (98,813) | — | 6,602 | 1,919,268 | ||
Domestic Equity Funds–43.04% | |||||||||
Invesco Discovery Mid Cap Growth Fund, Class R6 | 4.67% | 2,075,781 | 284,576 | (178,859) | (352,159) | 8,388 | — | 60,492 | 1,837,727 |
Invesco Main Street Small Cap Fund, Class R6 | 4.91% | 2,074,596 | 38,790 | (65,049) | (110,009) | (5,118) | — | 96,036 | 1,933,210 |
Invesco PureBetaSM MSCI USA ETF(b) | 5.95% | 2,383,831 | 90,495 | — | (130,683) | — | 8,404 | 51,486 | 2,343,643 |
Invesco Russell 1000 Dynamic Multifactor ETF | 11.39% | 4,728,485 | 252,702 | (225,167) | (318,869) | 47,673 | 11,367 | 94,219 | 4,484,824 |
Invesco S&P SmallCap Low Volatility ETF | 0.76% | 389,373 | — | (72,803) | (44,073) | 26,243 | 1,264 | 6,093 | 298,740 |
Invesco U.S. Managed Volatility Fund, Class R6 | 15.36% | 6,249,164 | 390,078 | (183,291) | (429,500) | 19,814 | — | 435,924 | 6,046,265 |
Total Domestic Equity Funds | 17,901,230 | 1,056,641 | (725,169) | (1,385,293) | 97,000 | 21,035 | 16,944,409 | ||
Fixed Income Funds–34.49% | |||||||||
Invesco Core Plus Bond Fund, Class R6 | 4.01% | 1,378,230 | 321,582 | — | (120,060) | — | 9,903 | 154,273 | 1,579,752 |
Invesco Floating Rate ESG Fund, Class R6 | 3.24% | 1,146,365 | 145,492 | — | (14,203) | — | 11,966 | 177,452 | 1,277,654 |
Invesco High Yield Bond Factor ETF | 4.06% | 1,570,595 | 115,150 | — | (88,343) | — | 18,413 | 66,417 | 1,597,402 |
Invesco Income Fund, Class R6 | 1.97% | 776,409 | 30,012 | — | (30,572) | — | 6,502 | 102,490 | 775,849 |
Invesco Intermediate Bond Factor Fund, Class R6 | 2.98% | 1,188,787 | 65,930 | — | (82,446) | — | 5,775 | 115,723 | 1,172,271 |
Invesco International Bond Fund, Class R6 | 1.92% | 777,511 | 30,849 | — | (50,379) | — | 5,921 | 158,573 | 757,981 |
Invesco Short Duration Inflation Protected Fund, Class R6 | 2.43% | 759,760 | 213,185 | — | (17,219) | — | 12,402 | 89,739 | 955,726 |
Invesco Taxable Municipal Bond ETF | 9.81% | 3,814,823 | 520,247 | (74,734) | (393,751) | (3,640) | 25,406 | 130,197 | 3,862,945 |
Invesco Variable Rate Investment Grade ETF | 4.07% | 1,551,690 | 90,653 | (33,278) | (8,457) | 47 | 2,635 | 64,206 | 1,600,655 |
Total Fixed Income Funds | 12,964,170 | 1,533,100 | (108,012) | (805,430) | (3,593) | 98,923 | 13,580,235 | ||
Foreign Equity Funds–16.86% | |||||||||
Invesco EQV Emerging Markets All Cap Fund, Class R6 | 4.31% | 1,795,416 | 175,792 | (29,382) | (240,462) | (3,860) | — | 52,183 | 1,697,504 |
Invesco Developing Markets Fund, Class R6 | 4.36% | 1,698,746 | 286,956 | (21,967) | (242,139) | (4,804) | — | 43,321 | 1,716,792 |
Invesco International Select Equity Fund, Class R6 | 1.39% | 793,839 | — | (148,500) | (69,186) | (29,969) | — | 50,855 | 546,184 |
Invesco International Small-Mid Company Fund, Class R6 | 1.37% | 610,297 | 43,712 | (6,333) | (107,549) | 22 | — | 11,468 | 540,149 |
Invesco PureBetaSM FTSE Developed ex-North America ETF(b) | 0.94% | 384,122 | 14,934 | — | (27,396) | — | 2,981 | 13,594 | 371,660 |
Invesco RAFI™ Strategic Developed ex-US ETF | 3.00% | 1,165,228 | 19,065 | — | (3,933) | — | 10,878 | 39,046 | 1,180,360 |
Invesco S&P International Developed Low Volatility ETF | 1.49% | 581,902 | 18,155 | — | (14,718) | — | 4,436 | 18,797 | 585,339 |
Total Foreign Equity Funds | 7,029,550 | 558,614 | (206,182) | (705,383) | (38,611) | 18,295 | 6,637,988 | ||
Money Market Funds–0.66% | |||||||||
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(c) | 0.21% | 133,179 | 703,913 | (752,843) | — | — | 14 | 84,249 | 84,249 |
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(c) | 0.20% | 112,440 | 502,795 | (537,745) | 1 | (42) | 10 | 77,472 | 77,449 |
Invesco Treasury Portfolio, Institutional Class, 0.16%(c) | 0.25% | 152,204 | 804,471 | (860,391) | — | — | 8 | 96,284 | 96,284 |
Total Money Market Funds | 397,823 | 2,011,179 | (2,150,979) | 1 | (42) | 32 | 257,982 | ||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from
securities on loan) (Cost $39,456,554) | 99.92% | 40,249,211 | 5,221,177 | (3,190,342) | (2,994,918) | 54,754 | 144,887 | 39,339,882 |
Invesco Peak Retirement™ 2030 Fund (continued) | |||||||||
Schedule of Investments in Affiliated Issuers–99.92%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Investments Purchased with Cash Collateral from Securities on Loan | |||||||||
Money Market Funds–0.38% | |||||||||
Invesco Private Government Fund, 0.31%(c)(d) | 0.11% | $2,658 | $579,369 | $(538,255) | $— | $— | $11(e) | 43,772 | $43,772 |
Invesco Private Prime Fund, 0.34%(c)(d) | 0.27% | 6,341 | 1,346,781 | (1,248,404) | 10 | (2) | 26(e) | 104,736 | 104,726 |
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $148,488) | 0.38% | 8,999 | 1,926,150 | (1,786,659) | 10 | (2) | 37 | 148,498 | |
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $39,605,042) | 100.30% | $40,258,210 | $7,147,327 | $(4,977,001) | $(2,994,908) | $54,752 | $144,924 | $39,488,380 | |
OTHER ASSETS LESS LIABILITIES | (0.30)% | (117,828) | |||||||
NET ASSETS | 100.00% | $39,370,552 |
ETF - | Exchange-Traded Fund |
(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 March 31, 2022. |
(c) | The rate shown is the 7-day SEC standardized yield as of March 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) | 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. |
Invesco Peak Retirement™ 2035 Fund | |||||||||
Schedule of Investments in Affiliated Issuers–99.86%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Alternative Funds–4.92% | |||||||||
Invesco Global Real Estate Income Fund, Class R6 | 2.94% | $629,536 | $43,366 | $— | $(26,859) | $— | $3,674 | 67,437 | $646,043 |
Invesco Macro Allocation Strategy Fund, Class R6 | 1.98% | 430,682 | 30,134 | — | (25,018) | — | — | 54,271 | 435,798 |
Total Alternative Funds | 1,060,218 | 73,500 | — | (51,877) | — | 3,674 | 1,081,841 | ||
Domestic Equity Funds–49.54% | |||||||||
Invesco Discovery Mid Cap Growth Fund, Class R6 | 6.18% | 1,433,670 | 241,013 | (68,878) | (248,924) | 2,919 | — | 44,760 | 1,359,800 |
Invesco Main Street Small Cap Fund, Class R6 | 4.59% | 992,003 | 88,013 | (11,723) | (57,790) | 1,172 | — | 50,257 | 1,011,675 |
Invesco PureBetaSM MSCI USA ETF | 6.78% | 1,503,774 | 163,384 | (97,669) | (91,148) | 13,486 | 5,350 | 32,773 | 1,491,827 |
Invesco Russell 1000 Dynamic Multifactor ETF | 12.02% | 2,631,685 | 302,678 | (127,838) | (172,444) | 11,194 | 6,704 | 55,573 | 2,645,275 |
Invesco S&P SmallCap Low Volatility ETF | 2.57% | 645,395 | 46,130 | (93,822) | (62,050) | 31,134 | 2,398 | 11,560 | 566,787 |
Invesco U.S. Managed Volatility Fund, Class R6 | 17.40% | 3,842,374 | 380,652 | (137,136) | (269,444) | 13,527 | — | 276,133 | 3,829,973 |
Total Domestic Equity Funds | 11,048,901 | 1,221,870 | (537,066) | (901,800) | 73,432 | 14,452 | 10,905,337 | ||
Fixed Income Funds–24.74% | |||||||||
Invesco Core Plus Bond Fund, Class R6 | 3.06% | 643,001 | 78,794 | — | (49,069) | — | 4,042 | 65,696 | 672,726 |
Invesco Floating Rate ESG Fund, Class R6 | 1.36% | 204,005 | 98,861 | — | (3,440) | — | 2,769 | 41,587 | 299,426 |
Invesco High Yield Bond Factor ETF | 3.21% | 644,373 | 98,645 | — | (36,445) | — | 7,762 | 29,378 | 706,573 |
Invesco Income Fund, Class R6 | 1.51% | 307,053 | 38,531 | — | (13,070) | — | 2,776 | 43,925 | 332,514 |
Invesco Intermediate Bond Factor Fund, Class R6 | 2.55% | 539,239 | 59,184 | — | (36,959) | — | 2,610 | 55,426 | 561,464 |
Invesco International Bond Fund, Class R6 | 1.59% | 310,686 | 61,477 | — | (21,175) | — | 2,535 | 73,428 | 350,988 |
Invesco Short Duration Inflation Protected Fund, Class R6 | 1.55% | 305,491 | 42,092 | — | (6,234) | — | 4,430 | 32,052 | 341,349 |
Invesco Taxable Municipal Bond ETF | 6.70% | 1,285,374 | 335,071 | — | (146,202) | — | 9,570 | 49,688 | 1,474,243 |
Invesco Variable Rate Investment Grade ETF | 3.21% | 628,079 | 81,117 | — | (3,577) | — | 1,117 | 28,304 | 705,619 |
Total Fixed Income Funds | 4,867,301 | 893,772 | — | (316,171) | — | 37,611 | 5,444,902 | ||
Foreign Equity Funds–19.56% | |||||||||
Invesco EQV Emerging Markets All Cap Fund, Class R6 | 5.18% | 1,172,252 | 164,967 | (32,324) | (163,213) | (1,987) | — | 35,035 | 1,139,695 |
Invesco Developing Markets Fund, Class R6 | 5.01% | 1,137,371 | 193,722 | (56,487) | (163,854) | (7,160) | — | 27,847 | 1,103,592 |
Invesco International Select Equity Fund, Class R6 | 1.89% | 427,096 | 57,410 | — | (67,595) | — | — | 38,819 | 416,911 |
Invesco International Small-Mid Company Fund, Class R6 | 1.86% | 421,070 | 73,947 | (11,054) | (74,524) | 14 | — | 8,693 | 409,453 |
Invesco PureBetaSM FTSE Developed ex-North America ETF | 0.91% | 212,280 | 1,422 | — | (14,612) | — | 1,597 | 7,282 | 199,090 |
Invesco RAFI™ Strategic Developed ex-US ETF | 2.90% | 630,201 | 10,247 | — | (2,051) | — | 5,828 | 21,118 | 638,397 |
Invesco S&P International Developed Low Volatility ETF | 1.81% | 417,450 | — | (10,336) | (10,544) | 621 | 3,010 | 12,755 | 397,191 |
Total Foreign Equity Funds | 4,417,720 | 501,715 | (110,201) | (496,393) | (8,512) | 10,435 | 4,304,329 | ||
Money Market Funds–1.10% | |||||||||
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(b) | 0.38% | 106,048 | 694,048 | (716,127) | — | — | 8 | 83,969 | 83,969 |
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(b) | 0.29% | 80,014 | 495,749 | (512,586) | — | (20) | 5 | 63,177 | 63,157 |
Invesco Treasury Portfolio, Institutional Class, 0.16%(b) | 0.43% | 121,198 | 793,198 | (818,431) | — | — | 5 | 95,965 | 95,965 |
Total Money Market Funds | 307,260 | 1,982,995 | (2,047,144) | — | (20) | 18 | 243,091 | ||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from
securities on loan) (Cost $21,972,756) | 99.86% | 21,701,400 | 4,673,852 | (2,694,411) | (1,766,241) | 64,900 | 66,190 | 21,979,500 |
Invesco Peak Retirement™ 2035 Fund (continued) | |||||||||
Schedule of Investments in Affiliated Issuers–99.86%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Investments Purchased with Cash Collateral from Securities on Loan | |||||||||
Money Market Funds–0.00% | |||||||||
Invesco Private Government Fund, 0.31%(b) | — | $— | $600,047 | $(600,047) | $— | $— | $4(c) | — | $— |
Invesco Private Prime Fund, 0.34%(b) | — | — | 1,244,946 | (1,244,946) | — | — | 12(c) | — | — |
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $0) | 0.00% | — | 1,844,993 | (1,844,993) | — | — | 16 | — | |
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $21,972,756) | 99.86% | $21,701,400 | $6,518,845 | $(4,539,404) | $(1,766,241) | $64,900 | $66,206 | $21,979,500 | |
OTHER ASSETS LESS LIABILITIES | 0.14% | 31,759 | |||||||
NET ASSETS | 100.00% | $22,011,259 |
ETF - | Exchange-Traded Fund |
(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) | The rate shown is the 7-day SEC standardized yield as of March 31, 2022. |
(c) | 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. |
Invesco Peak Retirement™ 2040 Fund | |||||||||
Schedule of Investments in Affiliated Issuers–100.50%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Alternative Funds–2.57% | |||||||||
Invesco Global Real Estate Income Fund, Class R6 | 2.18% | $504,635 | $61,261 | $— | $(23,041) | $— | $3,087 | 56,665 | $542,855 |
Invesco Macro Allocation Strategy Fund, Class R6 | 0.39% | — | 101,523 | — | (4,817) | — | — | 12,043 | 96,706 |
Total Alternative Funds | 504,635 | 162,784 | — | (27,858) | — | 3,087 | 639,561 | ||
Domestic Equity Funds–56.70% | |||||||||
Invesco Discovery Mid Cap Growth Fund, Class R6 | 8.48% | 2,314,564 | 368,946 | (178,898) | (366,089) | (26,170) | — | 69,531 | 2,112,353 |
Invesco Main Street Small Cap Fund, Class R6 | 5.27% | 1,405,895 | 185,459 | (197,335) | (79,306) | (21) | — | 65,310 | 1,314,692 |
Invesco PureBetaSM MSCI USA ETF | 9.29% | 2,518,932 | 184,834 | (257,619) | (195,518) | 63,608 | 8,474 | 50,840 | 2,314,237 |
Invesco Russell 1000 Dynamic Multifactor ETF | 13.11% | 3,410,082 | 325,865 | (254,632) | (240,647) | 25,454 | 8,366 | 68,616 | 3,266,122 |
Invesco S&P SmallCap Low Volatility ETF | 2.89% | 746,189 | 54,123 | (36,350) | (47,831) | 3,482 | 3,199 | 14,677 | 719,613 |
Invesco U.S. Managed Volatility Fund, Class R6 | 17.66% | 4,575,979 | 318,115 | (183,594) | (316,724) | 8,026 | — | 317,362 | 4,401,802 |
Total Domestic Equity Funds | 14,971,641 | 1,437,342 | (1,108,428) | (1,246,115) | 74,379 | 20,039 | 14,128,819 | ||
Fixed Income Funds–16.39% | |||||||||
Invesco Core Plus Bond Fund, Class R6 | 1.35% | 236,716 | 124,029 | — | (25,061) | — | 2,088 | 32,781 | 335,684 |
Invesco Floating Rate ESG Fund, Class R6 | 0.20% | — | 51,513 | — | (632) | — | 454 | 7,067 | 50,881 |
Invesco High Yield Bond Factor ETF | 2.14% | 485,844 | 77,072 | — | (29,487) | — | 6,149 | 22,179 | 533,429 |
Invesco Income Fund, Class R6 | 1.09% | 235,490 | 47,215 | — | (10,687) | — | 2,264 | 35,934 | 272,018 |
Invesco Intermediate Bond Factor Fund, Class R6 | 2.52% | 616,955 | 57,317 | (3,534) | (42,406) | (95) | 2,974 | 62,017 | 628,237 |
Invesco International Bond Fund, Class R6 | 1.07% | 250,019 | 33,314 | — | (17,575) | — | 2,067 | 55,598 | 265,758 |
Invesco Short Duration Inflation Protected Fund, Class R6 | 0.31% | — | 77,307 | — | (1,140) | — | 988 | 7,152 | 76,167 |
Invesco Taxable Municipal Bond ETF | 5.20% | 1,251,557 | 251,926 | (76,155) | (125,955) | (4,913) | 8,513 | 43,696 | 1,296,460 |
Invesco Variable Rate Investment Grade ETF | 2.51% | 635,346 | 28,605 | (34,811) | (3,837) | 440 | 1,061 | 25,100 | 625,743 |
Total Fixed Income Funds | 3,711,927 | 748,298 | (114,500) | (256,780) | (4,568) | 26,558 | 4,084,377 | ||
Foreign Equity Funds–23.05% | |||||||||
Invesco EQV Emerging Markets All Cap Fund, Class R6 | 5.67% | 1,472,347 | 231,667 | (86,201) | (189,016) | (15,302) | — | 43,452 | 1,413,495 |
Invesco Developing Markets Fund, Class R6 | 5.60% | 1,481,885 | 169,946 | (43,473) | (214,712) | 1,785 | — | 35,211 | 1,395,431 |
Invesco International Select Equity Fund, Class R6 | 2.35% | 627,575 | 64,745 | (12,230) | (91,691) | (2,847) | — | 54,521 | 585,552 |
Invesco International Small-Mid Company Fund, Class R6 | 1.96% | 509,130 | 72,447 | — | (91,780) | — | — | 10,399 | 489,797 |
Invesco PureBetaSM FTSE Developed ex-North America ETF | 2.58% | 750,491 | 27,257 | (90,285) | (63,039) | 18,640 | 4,940 | 23,521 | 643,064 |
Invesco RAFI™ Strategic Developed ex-US ETF | 2.89% | 751,329 | 3,472 | (32,496) | (4,518) | 2,019 | 6,935 | 23,811 | 719,806 |
Invesco S&P International Developed Low Volatility ETF | 2.00% | 490,770 | 21,467 | (2,176) | (12,669) | 132 | 3,771 | 15,977 | 497,524 |
Total Foreign Equity Funds | 6,083,527 | 591,001 | (266,861) | (667,425) | 4,427 | 15,646 | 5,744,669 | ||
Money Market Funds–1.79% | |||||||||
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(b) | 0.63% | 84,618 | 766,270 | (694,578) | — | — | 9 | 156,310 | 156,310 |
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(b) | 0.45% | 43,739 | 547,336 | (479,425) | — | (16) | 4 | 111,668 | 111,634 |
Invesco Treasury Portfolio, Institutional Class, 0.16%(b) | 0.71% | 96,706 | 875,737 | (793,803) | — | — | 5 | 178,640 | 178,640 |
Total Money Market Funds | 225,063 | 2,189,343 | (1,967,806) | — | (16) | 18 | 446,584 | ||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from
securities on loan) (Cost $25,043,421) | 100.50% | 25,496,793 | 5,128,768 | (3,457,595) | (2,198,178) | 74,222 | 65,348 | 25,044,010 |
Invesco Peak Retirement™ 2040 Fund (continued) | |||||||||
Schedule of Investments in Affiliated Issuers–100.50%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Investments Purchased with Cash Collateral from Securities on Loan | |||||||||
Money Market Funds–0.00% | |||||||||
Invesco Private Government Fund, 0.31%(b) | — | $— | $146,624 | $(146,624) | $— | $— | $3(c) | — | $— |
Invesco Private Prime Fund, 0.34%(b) | — | — | 342,122 | (342,122) | — | — | 4(c) | — | — |
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $0) | 0.00% | — | 488,746 | (488,746) | — | — | 7 | — | |
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $25,043,421) | 100.50% | $25,496,793 | $5,617,514 | $(3,946,341) | $(2,198,178) | $74,222 | $65,355 | $25,044,010 | |
OTHER ASSETS LESS LIABILITIES | (0.50)% | (125,719) | |||||||
NET ASSETS | 100.00% | $24,918,291 |
ETF - | Exchange-Traded Fund |
(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) | The rate shown is the 7-day SEC standardized yield as of March 31, 2022. |
(c) | 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. |
Invesco Peak Retirement™ 2045 Fund | |||||||||
Schedule of Investments in Affiliated Issuers–99.93%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Alternative Funds–0.37% | |||||||||
Invesco Global Real Estate Income Fund, Class R6 | 0.37% | $— | $41,326 | $— | $(1,000) | $— | $229 | 4,209 | $40,326 |
Domestic Equity Funds–62.38% | |||||||||
Invesco Discovery Mid Cap Growth Fund, Class R6 | 9.16% | 946,495 | 265,079 | (42,795) | (155,430) | (9,240) | — | 33,052 | 1,004,109 |
Invesco Main Street Small Cap Fund, Class R6 | 5.73% | 630,619 | 56,883 | (24,812) | (41,355) | 6,648 | — | 31,196 | 627,983 |
Invesco PureBetaSM MSCI USA ETF | 11.55% | 1,250,754 | 150,050 | (72,324) | (76,239) | 13,716 | 4,472 | 27,811 | 1,265,957 |
Invesco Russell 1000 Dynamic Multifactor ETF | 16.20% | 1,770,140 | 242,738 | (136,767) | (138,087) | 37,266 | 4,498 | 37,296 | 1,775,290 |
Invesco S&P SmallCap Low Volatility ETF | 2.85% | 309,988 | 20,831 | — | (17,910) | — | 1,324 | 6,382 | 312,909 |
Invesco U.S. Managed Volatility Fund, Class R6 | 16.89% | 1,767,488 | 215,584 | (14,285) | (118,638) | 1,311 | — | 133,486 | 1,851,460 |
Total Domestic Equity Funds | 6,675,484 | 951,165 | (290,983) | (547,659) | 49,701 | 10,294 | 6,837,708 | ||
Fixed Income Funds–10.62% | |||||||||
Invesco Core Plus Bond Fund, Class R6 | 0.18% | — | 20,925 | — | (1,334) | — | 118 | 1,913 | 19,591 |
Invesco High Yield Bond Factor ETF | 1.51% | 149,695 | 27,134 | (2,339) | (8,540) | (69) | 1,801 | 6,897 | 165,881 |
Invesco Income Fund, Class R6 | 0.19% | — | 20,974 | — | (771) | — | 161 | 2,669 | 20,203 |
Invesco Intermediate Bond Factor Fund, Class R6 | 2.45% | 260,448 | 27,574 | (2,086) | (17,161) | (58) | 1,219 | 26,527 | 268,717 |
Invesco International Bond Fund, Class R6 | 0.18% | — | 20,969 | — | (1,233) | — | 146 | 4,129 | 19,736 |
Invesco Taxable Municipal Bond ETF | 4.06% | 412,461 | 81,208 | (3,651) | (44,777) | (102) | 2,867 | 15,003 | 445,139 |
Invesco Variable Rate Investment Grade ETF | 2.05% | 198,626 | 31,377 | (3,885) | (1,276) | 151 | 350 | 9,025 | 224,993 |
Total Fixed Income Funds | 1,021,230 | 230,161 | (11,961) | (75,092) | (78) | 6,662 | 1,164,260 | ||
Foreign Equity Funds–25.44% | |||||||||
Invesco EQV Emerging Markets All Cap Fund, Class R6 | 6.12% | 653,355 | 124,843 | (14,363) | (90,775) | (2,130) | — | 20,625 | 670,930 |
Invesco Developing Markets Fund, Class R6 | 6.30% | 645,975 | 151,591 | (9,721) | (96,127) | (1,516) | — | 17,416 | 690,202 |
Invesco International Select Equity Fund, Class R6 | 2.39% | 253,368 | 47,534 | — | (39,231) | — | — | 24,364 | 261,671 |
Invesco International Small-Mid Company Fund, Class R6 | 1.86% | 198,838 | 42,380 | — | (36,819) | — | — | 4,340 | 204,399 |
Invesco PureBetaSM FTSE Developed ex-North America ETF | 3.81% | 404,840 | 49,860 | (10,146) | (28,199) | 1,127 | 3,190 | 15,270 | 417,482 |
Invesco RAFI™ Strategic Developed ex-US ETF | 2.96% | 312,751 | 22,497 | (10,309) | (1,841) | 1,089 | 2,781 | 10,724 | 324,187 |
Invesco S&P International Developed Low Volatility ETF | 2.00% | 198,702 | 28,186 | (2,511) | (5,303) | 120 | 1,522 | 7,039 | 219,194 |
Total Foreign Equity Funds | 2,667,829 | 466,891 | (47,050) | (298,295) | (1,310) | 7,493 | 2,788,065 | ||
Money Market Funds–1.12% | |||||||||
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(b) | 0.39% | 50,583 | 428,518 | (436,169) | — | — | 5 | 42,932 | 42,932 |
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(b) | 0.28% | 36,647 | 306,084 | (312,062) | 1 | (13) | 2 | 30,667 | 30,657 |
Invesco Treasury Portfolio, Institutional Class, 0.16%(b) | 0.45% | 57,809 | 489,735 | (498,478) | — | — | 3 | 49,066 | 49,066 |
Total Money Market Funds | 145,039 | 1,224,337 | (1,246,709) | 1 | (13) | 10 | 122,655 | ||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan) (Cost $10,693,509) | 99.93% | 10,509,582 | 2,913,880 | (1,596,703) | (922,045) | 48,300 | 24,688 | 10,953,014 | |
Investments Purchased with Cash Collateral from Securities on Loan | |||||||||
Money Market Funds–0.00% | |||||||||
Invesco Private Government Fund, 0.31%(b) | — | — | 370,663 | (370,663) | — | — | 3(c) | — | — |
Invesco Private Prime Fund, 0.34%(b) | — | — | 864,881 | (864,881) | — | — | 8(c) | — | — |
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $0) | 0.00% | — | 1,235,544 | (1,235,544) | — | — | 11 | — | |
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $10,693,509) | 99.93% | $10,509,582 | $4,149,424 | $(2,832,247) | $(922,045) | $48,300 | $24,699 | $10,953,014 | |
OTHER ASSETS LESS LIABILITIES | 0.07% | 7,515 | |||||||
NET ASSETS | 100.00% | $10,960,529 |
ETF - | Exchange-Traded Fund |
(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) | The rate shown is the 7-day SEC standardized yield as of March 31, 2022. |
(c) | 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. |
Invesco Peak Retirement™ 2050 Fund | |||||||||
Schedule of Investments in Affiliated Issuers–100.46%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Domestic Equity Funds–66.91% | |||||||||
Invesco Discovery Mid Cap Growth Fund, Class R6 | 8.01% | $1,504,027 | $269,931 | $— | $(265,284) | $— | $— | 49,660 | $1,508,674 |
Invesco Main Street Small Cap Fund, Class R6 | 6.27% | 1,156,101 | 118,018 | (26,296) | (68,432) | 2,433 | — | 58,710 | 1,181,824 |
Invesco PureBetaSM MSCI USA ETF | 14.48% | 2,784,369 | 211,957 | (127,080) | (168,050) | 26,909 | 9,781 | 59,932 | 2,728,105 |
Invesco Russell 1000 Dynamic Multifactor ETF | 18.67% | 3,526,641 | 339,207 | (140,346) | (237,328) | 29,656 | 9,029 | 73,904 | 3,517,830 |
Invesco S&P SmallCap Low Volatility ETF | 3.38% | 639,665 | 44,065 | (11,696) | (40,030) | 3,866 | 2,691 | 12,969 | 635,870 |
Invesco U.S. Managed Volatility Fund, Class R6 | 16.10% | 2,970,457 | 265,531 | — | (202,562) | — | — | 218,704 | 3,033,426 |
Total Domestic Equity Funds | 12,581,260 | 1,248,709 | (305,418) | (981,686) | 62,864 | 21,501 | 12,605,729 | ||
Fixed Income Funds–5.84% | |||||||||
Invesco High Yield Bond Factor ETF | 0.28% | — | 55,954 | — | (2,825) | — | 612 | 2,209 | 53,129 |
Invesco Intermediate Bond Factor Fund, Class R6 | 1.96% | 362,234 | 33,437 | — | (25,878) | — | 1,819 | 36,504 | 369,793 |
Invesco Taxable Municipal Bond ETF | 2.42% | 362,197 | 136,967 | — | (44,026) | — | 2,876 | 15,340 | 455,138 |
Invesco Variable Rate Investment Grade ETF | 1.18% | 180,532 | 43,296 | — | (1,178) | — | 364 | 8,931 | 222,650 |
Total Fixed Income Funds | 904,963 | 269,654 | — | (73,907) | — | 5,671 | 1,100,710 | ||
Foreign Equity Funds–26.34% | |||||||||
Invesco EQV Emerging Markets All Cap Fund, Class R6 | 6.28% | 1,205,045 | 146,929 | — | (168,401) | — | — | 36,384 | 1,183,573 |
Invesco Developing Markets Fund, Class R6 | 6.32% | 1,200,482 | 177,350 | (1,707) | (184,924) | (233) | — | 30,052 | 1,190,968 |
Invesco International Select Equity Fund, Class R6 | 2.87% | 547,693 | 82,474 | (4,668) | (83,702) | (1,115) | — | 50,343 | 540,682 |
Invesco International Small-Mid Company Fund, Class R6 | 2.00% | 403,682 | 54,643 | (7,389) | (74,182) | 133 | — | 8,002 | 376,887 |
Invesco PureBetaSM FTSE Developed ex-North America ETF | 4.02% | 743,859 | 62,664 | — | (49,697) | — | 5,558 | 27,682 | 756,826 |
Invesco RAFI™ Strategic Developed ex-US ETF | 2.92% | 558,464 | — | (7,340) | (2,399) | 917 | 5,066 | 18,182 | 549,642 |
Invesco S&P International Developed Low Volatility ETF | 1.93% | 361,813 | 10,695 | — | (9,136) | — | 2,754 | 11,669 | 363,372 |
Total Foreign Equity Funds | 5,021,038 | 534,755 | (21,104) | (572,441) | (298) | 13,378 | 4,961,950 | ||
Money Market Funds–1.37% | |||||||||
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(b) | 0.48% | 73,058 | 574,747 | (557,377) | — | — | 7 | 90,428 | 90,428 |
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(b) | 0.34% | 53,163 | 410,533 | (398,126) | 1 | (18) | 4 | 65,573 | 65,553 |
Invesco Treasury Portfolio, Institutional Class, 0.16%(b) | 0.55% | 83,494 | 656,854 | (637,002) | — | — | 4 | 103,346 | 103,346 |
Total Money Market Funds | 209,715 | 1,642,134 | (1,592,505) | 1 | (18) | 15 | 259,327 | ||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan) (Cost $18,562,183) | 100.46% | 18,716,976 | 3,695,252 | (1,919,027) | (1,628,033) | 62,548 | 40,565 | 18,927,716 | |
Investments Purchased with Cash Collateral from Securities on Loan | |||||||||
Money Market Funds–0.00% | |||||||||
Invesco Private Government Fund, 0.31%(b) | — | 23,637 | 12,239 | (35,876) | — | — | 2(c) | — | — |
Invesco Private Prime Fund, 0.34%(b) | — | 55,153 | 3,011 | (58,148) | 5 | (21) | 10(c) | — | — |
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $0) | 0.00% | 78,790 | 15,250 | (94,024) | 5 | (21) | 12 | — | |
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $18,562,183) | 100.46% | $18,795,766 | $3,710,502 | $(2,013,051) | $(1,628,028) | $62,527 | $40,577 | $18,927,716 | |
OTHER ASSETS LESS LIABILITIES | (0.46)% | (87,559) | |||||||
NET ASSETS | 100.00% | $18,840,157 |
ETF - | Exchange-Traded Fund |
(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) | The rate shown is the 7-day SEC standardized yield as of March 31, 2022. |
(c) | 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. |
Invesco Peak Retirement™ 2055 Fund | |||||||||
Schedule of Investments in Affiliated Issuers–101.29%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Domestic Equity Funds–67.85% | |||||||||
Invesco Discovery Mid Cap Growth Fund, Class R6 | 8.20% | $477,566 | $123,939 | $— | $(82,968) | $— | $— | 17,068 | $518,537 |
Invesco Main Street Small Cap Fund, Class R6 | 6.15% | 374,943 | 35,843 | (1,195) | (21,322) | 411 | — | 19,309 | 388,680 |
Invesco PureBetaSM MSCI USA ETF | 15.11% | 901,330 | 127,746 | (26,533) | (50,565) | 2,759 | 3,329 | 20,974 | 954,737 |
Invesco Russell 1000 Dynamic Multifactor ETF | 19.11% | 1,140,598 | 158,482 | (21,207) | (73,485) | 3,605 | 3,015 | 25,378 | 1,207,993 |
Invesco S&P SmallCap Low Volatility ETF | 3.40% | 207,839 | 18,858 | — | (12,142) | — | 908 | 4,376 | 214,555 |
Invesco U.S. Managed Volatility Fund, Class R6 | 15.88% | 959,066 | 112,387 | (3,421) | (64,748) | 475 | — | 72,369 | 1,003,759 |
Total Domestic Equity Funds | 4,061,342 | 577,255 | (52,356) | (305,230) | 7,250 | 7,252 | 4,288,261 | ||
Fixed Income Funds–4.84% | |||||||||
Invesco Intermediate Bond Factor Fund, Class R6 | 1.91% | 119,752 | 8,789 | — | (8,013) | — | 562 | 11,898 | 120,528 |
Invesco Taxable Municipal Bond ETF | 1.98% | 116,975 | 21,402 | (1,103) | (11,969) | (38) | 774 | 4,222 | 125,267 |
Invesco Variable Rate Investment Grade ETF | 0.95% | 56,084 | 4,135 | — | (312) | — | 98 | 2,403 | 59,907 |
Total Fixed Income Funds | 292,811 | 34,326 | (1,103) | (20,294) | (38) | 1,434 | 305,702 | ||
Foreign Equity Funds–27.19% | |||||||||
Invesco EQV Emerging Markets All Cap Fund, Class R6 | 6.43% | 385,532 | 76,087 | — | (55,279) | — | — | 12,491 | 406,340 |
Invesco Developing Markets Fund, Class R6 | 6.60% | 388,876 | 87,725 | — | (59,655) | — | — | 10,521 | 416,946 |
Invesco International Select Equity Fund, Class R6 | 3.00% | 179,510 | 38,358 | — | (28,452) | — | — | 17,637 | 189,416 |
Invesco International Small-Mid Company Fund, Class R6 | 2.29% | 132,839 | 37,069 | — | (24,964) | — | — | 3,077 | 144,944 |
Invesco PureBetaSM FTSE Developed ex-North America ETF | 4.05% | 235,286 | 39,090 | (1,454) | (16,749) | 112 | 1,868 | 9,374 | 256,285 |
Invesco RAFI™ Strategic Developed ex-US ETF | 2.98% | 177,978 | 11,054 | — | (669) | — | 1,635 | 6,231 | 188,363 |
Invesco S&P International Developed Low Volatility ETF | 1.84% | 119,413 | — | — | (2,918) | — | 883 | 3,741 | 116,495 |
Total Foreign Equity Funds | 1,619,434 | 289,383 | (1,454) | (188,686) | 112 | 4,386 | 1,718,789 | ||
Money Market Funds–1.41% | |||||||||
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(b) | 0.49% | 33,196 | 172,277 | (174,308) | — | — | 3 | 31,165 | 31,165 |
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(b) | 0.35% | 23,712 | 123,054 | (124,507) | — | (6) | 1 | 22,260 | 22,253 |
Invesco Treasury Portfolio, Institutional Class, 0.16%(b) | 0.57% | 37,939 | 196,887 | (199,209) | — | — | 2 | 35,617 | 35,617 |
Total Money Market Funds | 94,847 | 492,218 | (498,024) | — | (6) | 6 | 89,035 | ||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan) (Cost $6,141,412) | 101.29% | 6,068,434 | 1,393,182 | (552,937) | (514,210) | 7,318 | 13,078 | 6,401,787 | |
Investments Purchased with Cash Collateral from Securities on Loan | |||||||||
Money Market Funds–0.00% | |||||||||
Invesco Private Government Fund, 0.31%(b) | — | — | 275,910 | (275,910) | — | — | 2(c) | — | — |
Invesco Private Prime Fund, 0.34%(b) | — | — | 643,790 | (643,790) | — | — | 6(c) | — | — |
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $0) | 0.00% | — | 919,700 | (919,700) | — | — | 8 | — | |
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $6,141,412) | 101.29% | $6,068,434 | $2,312,882 | $(1,472,637) | $(514,210) | $7,318 | $13,086 | $6,401,787 | |
OTHER ASSETS LESS LIABILITIES | (1.29)% | (81,545) | |||||||
NET ASSETS | 100.00% | $6,320,242 |
ETF - | Exchange-Traded Fund |
(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) | The rate shown is the 7-day SEC standardized yield as of March 31, 2022. |
(c) | 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. |
Invesco Peak Retirement™ 2060 Fund | |||||||||
Schedule of Investments in Affiliated Issuers–100.85%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Domestic Equity Funds–67.81% | |||||||||
Invesco Discovery Mid Cap Growth Fund, Class R6 | 8.01% | $653,657 | $106,874 | $(4,330) | $(110,635) | $(14) | $— | 21,249 | $645,552 |
Invesco Main Street Small Cap Fund, Class R6 | 6.31% | 501,079 | 43,270 | (8,178) | (30,275) | 2,784 | — | 25,270 | 508,680 |
Invesco PureBetaSM MSCI USA ETF | 14.97% | 1,197,089 | 90,370 | (18,370) | (65,302) | 3,449 | 4,329 | 26,521 | 1,207,236 |
Invesco Russell 1000 Dynamic Multifactor ETF | 19.02% | 1,504,217 | 133,482 | (12,745) | (93,452) | 2,360 | 3,888 | 32,224 | 1,533,862 |
Invesco S&P SmallCap Low Volatility ETF | 3.49% | 274,150 | 26,277 | (2,276) | (17,187) | 762 | 1,132 | 5,746 | 281,726 |
Invesco U.S. Managed Volatility Fund, Class R6 | 16.01% | 1,271,352 | 111,029 | (6,111) | (85,391) | 548 | — | 93,110 | 1,291,427 |
Total Domestic Equity Funds | 5,401,544 | 511,302 | (52,010) | (402,242) | 9,889 | 9,349 | 5,468,483 | ||
Fixed Income Funds–4.84% | |||||||||
Invesco Intermediate Bond Factor Fund, Class R6 | 1.98% | 151,843 | 20,993 | (2,439) | (10,234) | (68) | 730 | 15,804 | 160,095 |
Invesco Taxable Municipal Bond ETF | 1.90% | 151,781 | 18,977 | (2,063) | (15,761) | (74) | 1,007 | 5,152 | 152,860 |
Invesco Variable Rate Investment Grade ETF | 0.96% | 75,857 | 3,585 | (1,728) | (409) | 3 | 126 | 3,101 | 77,308 |
Total Fixed Income Funds | 379,481 | 43,555 | (6,230) | (26,404) | (139) | 1,863 | 390,263 | ||
Foreign Equity Funds–27.13% | |||||||||
Invesco EQV Emerging Markets All Cap Fund, Class R6 | 6.52% | 518,140 | 82,614 | (2,731) | (72,046) | (443) | — | 16,155 | 525,534 |
Invesco Developing Markets Fund, Class R6 | 6.52% | 513,027 | 92,354 | — | (79,829) | — | — | 13,262 | 525,552 |
Invesco International Select Equity Fund, Class R6 | 2.96% | 238,843 | 40,235 | (2,304) | (37,245) | (609) | — | 22,246 | 238,920 |
Invesco International Small-Mid Company Fund, Class R6 | 2.19% | 169,327 | 41,023 | (1,721) | (31,716) | (86) | — | 3,754 | 176,827 |
Invesco PureBetaSM FTSE Developed ex-North America ETF | 4.05% | 310,760 | 41,988 | (5,148) | (21,169) | 227 | 2,504 | 11,948 | 326,658 |
Invesco RAFI™ Strategic Developed ex-US ETF | 3.00% | 237,709 | 16,145 | (11,974) | (1,534) | 1,222 | 2,076 | 7,991 | 241,568 |
Invesco S&P International Developed Low Volatility ETF | 1.89% | 151,652 | 6,948 | (2,256) | (3,958) | 107 | 1,156 | 4,897 | 152,493 |
Total Foreign Equity Funds | 2,139,458 | 321,307 | (26,134) | (247,497) | 418 | 5,736 | 2,187,552 | ||
Money Market Funds–1.07% | |||||||||
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(b) | 0.38% | 36,215 | 222,063 | (227,351) | — | — | 4 | 30,927 | 30,927 |
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(b) | 0.25% | 23,461 | 158,616 | (162,393) | — | (8) | 2 | 19,681 | 19,676 |
Invesco Treasury Portfolio, Institutional Class, 0.16%(b) | 0.44% | 41,389 | 253,786 | (259,829) | — | — | 2 | 35,346 | 35,346 |
Total Money Market Funds | 101,065 | 634,465 | (649,573) | — | (8) | 8 | 85,949 | ||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan) (Cost $7,705,139) | 100.85% | 8,021,548 | 1,510,629 | (733,947) | (676,143) | 10,160 | 16,956 | 8,132,247 | |
Investments Purchased with Cash Collateral from Securities on Loan | |||||||||
Money Market Funds–0.00% | |||||||||
Invesco Private Government Fund, 0.31%(b) | — | — | 358,774 | (358,774) | — | — | 3(c) | — | — |
Invesco Private Prime Fund, 0.34%(b) | — | — | 837,141 | (837,141) | — | — | 8(c) | — | — |
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $0) | 0.00% | — | 1,195,915 | (1,195,915) | — | — | 11 | — | |
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $7,705,139) | 100.85% | $8,021,548 | $2,706,544 | $(1,929,862) | $(676,143) | $10,160 | $16,967 | $8,132,247 | |
OTHER ASSETS LESS LIABILITIES | (0.85)% | (68,245) | |||||||
NET ASSETS | 100.00% | $8,064,002 |
ETF - | Exchange-Traded Fund |
(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) | The rate shown is the 7-day SEC standardized yield as of March 31, 2022. |
(c) | 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. |
Invesco Peak Retirement™ 2065 Fund | |||||||||
Schedule of Investments in Affiliated Issuers–100.73%(a) | |||||||||
% of Net Assets 03/31/22 | Value 12/31/21 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 03/31/22 | Value 03/31/22 | |
Domestic Equity Funds–67.70% | |||||||||
Invesco Discovery Mid Cap Growth Fund, Class R6 | 7.95% | $468,662 | $140,932 | $— | $(81,773) | $— | $— | 17,374 | $527,821 |
Invesco Main Street Small Cap Fund, Class R6 | 6.22% | 366,309 | 68,543 | — | (21,779) | — | — | 20,520 | 413,073 |
Invesco PureBetaSM MSCI USA ETF | 15.10% | 880,586 | 185,000 | (21,775) | (44,872) | 3,366 | 3,530 | 22,019 | 1,002,305 |
Invesco Russell 1000 Dynamic Multifactor ETF | 19.01% | 1,114,386 | 216,941 | (4,475) | (65,516) | 826 | 3,109 | 26,516 | 1,262,162 |
Invesco S&P SmallCap Low Volatility ETF | 3.48% | 205,547 | 37,323 | — | (12,282) | — | 914 | 4,703 | 230,588 |
Invesco U.S. Managed Volatility Fund, Class R6 | 15.94% | 936,993 | 189,566 | (5,219) | (63,659) | 625 | — | 76,302 | 1,058,306 |
Total Domestic Equity Funds | 3,972,483 | 838,305 | (31,469) | (289,881) | 4,817 | 7,553 | 4,494,255 | ||
Fixed Income Funds–4.91% | |||||||||
Invesco Intermediate Bond Factor Fund, Class R6 | 2.03% | 117,773 | 25,117 | — | (8,054) | — | 570 | 13,310 | 134,836 |
Invesco Taxable Municipal Bond ETF | 2.00% | 117,404 | 27,983 | — | (12,347) | — | 803 | 4,484 | 133,040 |
Invesco Variable Rate Investment Grade ETF | 0.88% | 58,716 | — | — | (305) | — | 95 | 2,343 | 58,411 |
Total Fixed Income Funds | 293,893 | 53,100 | — | (20,706) | — | 1,468 | 326,287 | ||
Foreign Equity Funds–27.22% | |||||||||
Invesco EQV Emerging Markets All Cap Fund, Class R6 | 6.60% | 381,932 | 113,210 | — | (56,617) | — | — | 13,481 | 438,525 |
Invesco Developing Markets Fund, Class R6 | 6.67% | 382,309 | 121,036 | — | (60,629) | — | — | 11,171 | 442,716 |
Invesco International Select Equity Fund, Class R6 | 2.90% | 176,022 | 44,072 | — | (27,807) | — | — | 17,904 | 192,287 |
Invesco International Small-Mid Company Fund, Class R6 | 2.28% | 132,031 | 44,081 | — | (24,724) | — | — | 3,214 | 151,388 |
Invesco PureBetaSM FTSE Developed ex-North America ETF | 3.89% | 234,640 | 38,820 | — | (15,316) | — | 2,070 | 9,442 | 258,144 |
Invesco RAFI™ Strategic Developed ex-US ETF | 2.89% | 176,159 | 15,267 | — | 202 | — | 1,766 | 6,339 | 191,628 |
Invesco S&P International Developed Low Volatility ETF | 1.99% | 117,466 | 17,751 | — | (2,810) | — | 920 | 4,252 | 132,407 |
Total Foreign Equity Funds | 1,600,559 | 394,237 | — | (187,701) | — | 4,756 | 1,807,095 | ||
Money Market Funds–0.90% | |||||||||
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(b) | 0.26% | — | 323,104 | (305,666) | — | — | 3 | 17,438 | 17,438 |
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(b) | 0.34% | 9,691 | 230,789 | (218,333) | — | (12) | 3 | 22,142 | 22,135 |
Invesco Treasury Portfolio, Institutional Class, 0.16%(b) | 0.30% | — | 369,261 | (349,332) | — | — | 1 | 19,929 | 19,929 |
Total Money Market Funds | 9,691 | 923,154 | (873,331) | — | (12) | 7 | 59,502 | ||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan) (Cost $6,447,486) | 100.73% | 5,876,626 | 2,208,796 | (904,800) | (498,288) | 4,805 | 13,784 | 6,687,139 | |
Investments Purchased with Cash Collateral from Securities on Loan | |||||||||
Money Market Funds–0.00% | |||||||||
Invesco Private Government Fund, 0.31%(b) | — | — | 292,527 | (292,527) | — | — | 3(c) | — | — |
Invesco Private Prime Fund, 0.34%(b) | — | — | 682,562 | (682,562) | — | — | 6(c) | — | — |
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $0) | 0.00% | — | 975,089 | (975,089) | — | — | 9 | — | |
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $6,447,486) | 100.73% | $5,876,626 | $3,183,885 | $(1,879,889) | $(498,288) | $4,805 | $13,793 | $6,687,139 | |
OTHER ASSETS LESS LIABILITIES | (0.73)% | (48,547) | |||||||
NET ASSETS | 100.00% | $6,638,592 |
ETF - | Exchange-Traded Fund |
(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) | The rate shown is the 7-day SEC standardized yield as of March 31, 2022. |
(c) | 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. |
Invesco Peak Retirement™ Destination Fund | Level 1 | Level 2 | Level 3 | Total |
Investments in Securities | ||||
Affiliated Issuers | $4,712,690 | $— | $— | $4,712,690 |
Money Market Funds | 246,580 | 63,389 | — | 309,969 |
Total Investments | $4,959,270 | $63,389 | $— | $5,022,659 |
Invesco Peak Retirement™ 2030 Fund | Level 1 | Level 2 | Level 3 | Total |
Investments in Securities | ||||
Affiliated Issuers | $39,081,900 | $— | $— | $39,081,900 |
Money Market Funds | 257,982 | 148,498 | — | 406,480 |
Total Investments | $39,339,882 | $148,498 | $— | $39,488,380 |