NPORT-EX 2 edgar.htm
Schedule of Investments
March 31, 2022
(Unaudited)
  Principal
Amount 		Value
U.S. Government Sponsored Agency Mortgage-Backed Securities–101.08%
Collateralized Mortgage Obligations–5.65%
Fannie Mae ACES, IO,
0.19%, 12/25/2022(a) 		   $54,085,523        $20,920
Fannie Mae Grantor Trust,
7.50%, 01/19/2039(b) 		      135,098       141,545
Fannie Mae Interest STRIPS,                          
IO,
7.50%, 05/25/2023 to 01/25/2032(c) 		      205,485        15,140
6.50%, 10/25/2024 to 02/25/2033(c)     1,410,913       216,720
7.00%, 02/25/2028(c)       268,914        28,828
8.00%, 05/25/2030(c)       303,893        59,861
6.00%, 02/25/2033 to 09/25/2035(a)(c)     1,740,765       275,014
5.50%, 11/25/2033 to 06/25/2035(c)       795,099       129,153
PO,
0.00%, 09/25/2032(d) 		       47,881        43,515
Fannie Mae REMICs,                          
3.50%, 09/25/2023 to 08/25/2042(c)     1,800,182       229,167
4.00%, 07/25/2024 to 08/25/2047(c)     1,310,326       936,024
2.50%, 12/25/2025 to 10/25/2026       804,094       805,325
5.50%, 12/25/2025 to 07/25/2046(c)       751,338       439,122
7.00%, 03/18/2027 to 05/25/2033(c)       562,088       349,810
6.50%, 10/25/2028 to 05/25/2033(c)       156,094       148,934
1.46% (1 mo. USD LIBOR + 1.00%), 12/25/2031 to 12/25/2032(e)       422,707       431,000
1.47% (1 mo. USD LIBOR + 1.00%), 03/18/2032 to 12/18/2032(e)       367,210       374,234
0.96% (1 mo. USD LIBOR + 0.50%), 08/25/2032 to 06/25/2046(e)     1,314,802     1,322,327
0.97% (1 mo. USD LIBOR + 0.50%), 10/18/2032(e)        39,443        39,618
0.86% (1 mo. USD LIBOR + 0.40%), 03/25/2033 to 03/25/2042(e)       219,982       220,511
0.80% (1 mo. USD LIBOR + 0.34%), 06/25/2035(e)       939,767       940,073
0.81% (1 mo. USD LIBOR + 0.35%), 08/25/2035 to 10/25/2035(e)       839,028       839,405
22.89% (24.57% - (3.67 x 1 mo. USD LIBOR)), 03/25/2036(e)       144,928       211,133
22.53% (24.20% - (3.67 x 1 mo. USD LIBOR)), 06/25/2036(e)       104,224       147,055
  Principal
Amount 		Value
Collateralized Mortgage Obligations–(continued)
22.53% (24.20% - (3.67 x 1 mo. USD LIBOR)), 06/25/2036(e)       $104,079       $143,122
1.40% (1 mo. USD LIBOR + 0.94%), 06/25/2037(e)       798,008       810,886
0.91% (1 mo. USD LIBOR + 0.45%), 08/25/2037(e)       362,743       364,810
2.75%, 01/25/2039       447,369       448,105
6.60%, 06/25/2039(b)       401,664       444,675
5.00%, 04/25/2040 to 09/25/2047(c)(e)     2,339,031       672,806
2.00%, 05/25/2044 to 03/25/2051(c)     7,194,309     1,364,201
IO,
6.24% (6.70% - (1.00 x 1 mo. USD LIBOR)), 02/25/2024 to 05/25/2035(c)(e) 		      752,619        96,061
3.00%, 10/25/2026 to 07/25/2045(c)    11,378,999     6,467,329
8.00%, 08/18/2027 to 09/18/2027(c)       227,748        27,526
0.75%, 10/25/2031(c)         4,040            73
7.44% (7.90% - (1.00 x 1 mo. USD LIBOR)), 11/25/2031(c)(e)        90,248        14,367
7.43% (7.90% - (1.00 x 1 mo. USD LIBOR)), 12/18/2031(c)(e)        79,594        10,776
7.49% (7.95% - (1.00 x 1 mo. USD LIBOR)), 01/25/2032(c)(e)        59,849         9,042
7.53% (8.00% - (1.00 x 1 mo. USD LIBOR)), 03/18/2032(c)(e)       139,979        23,775
7.64% (8.10% - (1.00 x 1 mo. USD LIBOR)), 03/25/2032 to 04/25/2032(c)(e)       189,531        32,593
6.54% (7.00% - (1.00 x 1 mo. USD LIBOR)), 04/25/2032 to 08/25/2032(c)(e)       300,157        39,493
7.34% (7.80% - (1.00 x 1 mo. USD LIBOR)), 04/25/2032(c)(e)        66,430        11,007
7.54% (8.00% - (1.00 x 1 mo. USD LIBOR)), 07/25/2032 to 09/25/2032(c)(e)       435,815        76,494
7.63% (8.10% - (1.00 x 1 mo. USD LIBOR)), 12/18/2032(c)(e)       265,031        39,576
7.79% (8.25% - (1.00 x 1 mo. USD LIBOR)), 02/25/2033 to 05/25/2033(c)(e)       350,222        68,580
6.00%, 05/25/2033(c)        17,488         3,222
5.59% (6.05% - (1.00 x 1 mo. USD LIBOR)), 03/25/2035 to 07/25/2038(c)(e)     1,023,015       120,074
6.29% (6.75% - (1.00 x 1 mo. USD LIBOR)), 03/25/2035(c)(e)        60,609         7,405
6.14% (6.60% - (1.00 x 1 mo. USD LIBOR)), 05/25/2035(c)(e)       215,694        24,033
6.19% (6.65% - (1.00 x 1 mo. USD LIBOR)), 03/25/2039(c)(e)     1,212,528        35,362
6.09% (6.55% - (1.00 x 1 mo. USD LIBOR)), 10/25/2041(c)(e)       178,091        22,606
 
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
  Principal
Amount 		Value
Collateralized Mortgage Obligations–(continued)
5.69% (6.15% - (1.00 x 1 mo. USD LIBOR)), 12/25/2042(c)(e)       $463,787        $86,714
4.50%, 02/25/2043(c)       419,128        64,587
1.50%, 02/25/2056(a)     6,281,700       330,426
Freddie Mac Multifamily Structured Pass-Through Ctfs.,                          
Series KC02, Class X1, IO,
1.91%, 03/25/2024(a) 		  229,218,436     1,381,431
Series KC03, Class X1, IO,
0.63%, 11/25/2024(a) 		   22,084,463       255,526
0.52%, 09/25/2025(b)    57,851,463       879,932
Series K734, Class X1, IO,
0.65%, 02/25/2026(a) 		   16,831,701       352,804
Series K735, Class X1, IO,
1.10%, 05/25/2026(a) 		   15,797,479       530,615
Series K093, Class X1, IO,
0.95%, 05/25/2029(a) 		   13,237,550       757,074
Series Q004, Class AFL,
0.88%(12 mo. MTA Rate + 0.74%), 05/25/2044(e) 		      446,078       446,078
Freddie Mac REMICs,                          
5.00%, 09/15/2023        58,647        59,502
2.00%, 12/15/2023       308,562       308,462
1.59% (COFI 11 + 1.37%), 03/15/2024(e)        74,549        75,323
4.00%, 10/15/2024 to 03/15/2045(c)       617,031       362,530
3.50%, 11/15/2025 to 05/15/2032       939,436       948,525
3.00%, 04/15/2026 to 05/15/2040(c)     5,753,095       799,960
1.50%, 08/15/2027     5,999,340     5,700,016
6.95%, 03/15/2028       150,885       161,754
6.50%, 08/15/2028 to 03/15/2032     1,452,315     1,553,125
1.00% (1 mo. USD LIBOR + 0.60%), 01/15/2029 to 12/15/2032(e)       101,770       102,606
6.00%, 01/15/2029 to 04/15/2029       231,742       247,489
0.75% (1 mo. USD LIBOR + 0.35%), 02/15/2029(e)       127,519       127,580
1.13% (1 mo. USD LIBOR + 0.90%), 03/15/2029(e)       144,040       145,942
0.80% (1 mo. USD LIBOR + 0.40%), 06/15/2029 to 01/15/2033(e)       178,328       178,630
1.05% (1 mo. USD LIBOR + 0.65%), 07/15/2029(e)        32,772        33,006
8.00%, 03/15/2030        68,590        77,017
1.35% (1 mo. USD LIBOR + 0.95%), 08/15/2031(e)       101,141       103,174
0.90% (1 mo. USD LIBOR + 0.50%), 02/15/2032 to 03/15/2032(e)       298,461       299,864
1.40% (1 mo. USD LIBOR + 1.00%), 02/15/2032 to 03/15/2032(e)       200,723       204,909
0.95% (1 mo. USD LIBOR + 0.55%), 03/15/2032 to 10/15/2036(e)       547,159       552,371
23.30% (24.75% - (3.67 x 1 mo. USD LIBOR)), 08/15/2035(e)        26,894        39,713
  Principal
Amount 		Value
Collateralized Mortgage Obligations–(continued)
0.70% (1 mo. USD LIBOR + 0.30%), 03/15/2036(e)     $1,487,895     $1,485,907
0.85% (1 mo. USD LIBOR + 0.45%), 07/15/2037(e)        82,567        83,036
0.61% (1 mo. USD LIBOR + 0.50%), 03/15/2042(e)       136,015       137,573
IO,
5.60% (6.00% - (1.00 x 1 mo. USD LIBOR)), 03/15/2024 to 04/15/2038(c)(e) 		      347,193        15,683
7.25% (7.65% - (1.00 x 1 mo. USD LIBOR)), 07/15/2026(c)(e)        25,910         1,579
2.50%, 09/15/2027 to 07/15/2038(c)     2,132,405     1,175,619
8.26% (8.70% - (1.00 x 1 mo. USD LIBOR)), 07/17/2028(c)(e)        58,677         2,618
7.70% (8.10% - (1.00 x 1 mo. USD LIBOR)), 06/15/2029 to 09/15/2029(c)(e)       191,954        22,018
6.30% (6.70% - (1.00 x 1 mo. USD LIBOR)), 01/15/2035(c)(e)       829,968        86,080
6.35% (6.75% - (1.00 x 1 mo. USD LIBOR)), 02/15/2035(c)(e)       137,091        14,171
6.32% (6.72% - (1.00 x 1 mo. USD LIBOR)), 05/15/2035(c)(e)       222,091        23,716
6.60% (7.00% - (1.00 x 1 mo. USD LIBOR)), 12/15/2037(c)(e)        18,605         3,011
5.67% (6.07% - (1.00 x 1 mo. USD LIBOR)), 05/15/2038(c)(e)     1,066,363       143,049
1.72%, 02/15/2039(a)     2,463,139       128,872
5.85% (6.25% - (1.00 x 1 mo. USD LIBOR)), 12/15/2039(c)(e)       260,982        33,045
5.70% (6.10% - (1.00 x 1 mo. USD LIBOR)), 01/15/2044(c)(e)       319,779        42,028
Freddie Mac Seasoned Loans Structured Transaction, Series 2019-1, Class A2,
3.50%, 05/25/2029 		    2,000,000     2,022,180
Freddie Mac STRIPS,                          
IO,
3.00%, 12/15/2027(c) 		      527,806        30,355
3.27%, 12/15/2027(a)       129,782         6,584
6.50%, 02/01/2028(c)        31,216         3,755
7.00%, 09/01/2029(c)       268,923        41,510
7.50%, 12/15/2029(c)        19,111         3,182
8.00%, 06/15/2031(c)       483,039       100,706
6.00%, 12/15/2032(c)        98,441        13,860
0.00%, 12/01/2031 to 03/01/2032(d)       255,109       231,427
0.90% (1 mo. USD LIBOR + 0.50%), 05/15/2036(e)       657,153       665,909
Freddie Mac Structured Pass-Through Ctfs.,
6.50%, 02/25/2043 		    1,331,901     1,513,321
Freddie Mac Whole Loan Securities Trust, Series 2015-SC02, Class 1A,
3.00%, 09/25/2045 		      286,947       279,110
      45,219,022
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
  Principal
Amount 		Value
Federal Home Loan Mortgage Corp. (FHLMC)–17.49%
6.50%, 04/01/2022 to 04/01/2034       $648,067       $693,982
9.00%, 08/01/2022 to 05/01/2025         4,454         4,672
6.00%, 10/01/2022 to 10/01/2029       260,530       280,939
5.50%, 01/01/2024 to 12/01/2036       120,950       130,095
2.50%, 02/01/2031 to 10/01/2051    21,232,494    20,368,932
8.50%, 03/01/2031 to 08/01/2031       131,186       145,102
7.00%, 10/01/2031 to 10/01/2037       215,615       234,911
7.50%, 01/01/2032 to 08/01/2037     5,712,930     6,303,859
3.00%, 02/01/2032 to 05/01/2050    38,490,440    38,249,829
8.00%, 08/01/2032        84,297        92,720
5.00%, 01/01/2037 to 06/01/2040     1,954,860     2,118,457
4.50%, 05/01/2038 to 11/01/2049     6,770,827     7,222,480
5.35%, 07/01/2038 to 10/17/2038     1,134,727     1,205,715
5.80%, 10/01/2038 to 01/20/2039       536,079       562,518
5.45%, 11/25/2038     1,125,060     1,204,827
4.00%, 06/01/2042 to 07/01/2049    20,915,023    21,763,957
3.50%, 09/01/2045 to 05/01/2050    21,719,114    22,058,290
2.00%, 12/01/2051 to 01/01/2052    18,768,434    17,475,770
      140,117,055
Federal National Mortgage Association (FNMA)–65.52%
5.50%, 05/01/2022 to 04/01/2038     3,679,339     3,987,344
5.00%, 06/01/2022 to 01/01/2041     2,467,702     2,653,497
6.00%, 06/01/2022 to 05/01/2040     1,957,671     2,126,051
2.00%, 03/01/2023 to 01/01/2052    66,305,933    62,731,002
4.50%, 04/01/2023 to 07/01/2044     4,510,486     4,773,184
7.00%, 07/01/2023 to 01/01/2036     1,609,393     1,735,544
6.50%, 08/01/2023 to 11/01/2038     2,813,254     3,037,287
0.38%, 08/25/2025     4,000,000     3,723,754
1.88%, 09/24/2026     4,000,000     3,895,528
7.50%, 02/01/2027 to 08/01/2037     2,292,295     2,506,757
3.59%, 10/01/2028     9,586,000     9,995,572
3.00%, 02/01/2029 to 06/01/2051    65,533,152    65,116,105
9.50%, 04/01/2030         8,731         9,296
8.50%, 07/01/2032 to 10/01/2032       186,741       212,764
5.63%, 08/01/2032        73,240        75,082
8.00%, 04/01/2033       194,105       220,145
  Principal
Amount 		Value
Federal National Mortgage Association (FNMA)–(continued)
3.50%, 11/01/2034 to 05/01/2050    $50,744,841    $51,892,773
2.50%, 03/01/2035 to 12/01/2051    52,889,994    50,786,731
5.45%, 01/01/2038       251,227       256,650
4.00%, 02/01/2042 to 03/01/2050    42,714,855    44,336,841
TBA,
2.50%, 04/01/2037 to 04/01/2052(f) 		   86,825,000    83,845,301
2.00%, 04/01/2052(f)    23,919,000    22,206,362
3.00%, 04/01/2052(f)    47,650,000    46,615,102
3.50%, 04/01/2052(f)    42,100,000    42,185,516
4.00%, 04/01/2052(f)    15,700,000    16,028,727
      524,952,915
Government National Mortgage Association (GNMA)–12.42%
7.00%, 11/15/2022 to 01/20/2030       199,234       207,790
6.50%, 01/15/2024 to 10/15/2028        30,485        32,815
3.00%, 12/16/2025 to 02/20/2050     2,873,873     2,860,938
6.00%, 06/15/2028 to 04/20/2029       102,122       109,861
7.50%, 06/15/2028 to 08/15/2028       119,657       122,010
8.00%, 09/15/2028         3,934         3,949
5.50%, 05/15/2033 to 10/15/2034       327,887       359,516
4.77%, 07/17/2033        52,579        53,077
7.14%, 11/20/2033(b)     1,216,880     1,326,765
5.00%, 11/20/2037       357,715       369,467
5.89%, 01/20/2039(b)       893,186       965,939
4.51%, 07/20/2041(b)       943,295       984,424
1.81%, 09/20/2041       729,077       746,329
0.68% (1 mo. USD LIBOR + 0.45%), 07/20/2044(e)       559,497       558,861
3.50%, 05/20/2046 to 06/20/2050    14,756,911    15,042,604
4.00%, 02/20/2048 to 03/20/2050     4,958,816     5,097,555
IO,
6.22% (6.65% - (1.00 x 1 mo. USD LIBOR)), 04/16/2041(c)(e) 		    1,461,183       165,692
4.50%, 09/16/2047(c)       838,445       133,206
5.77% (6.20% - (1.00 x 1 mo. USD LIBOR)), 10/16/2047(c)(e)       740,358       112,799
TBA,
2.00%, 04/01/2052(f) 		    4,984,000     4,741,809
2.50%, 04/01/2052(f)    23,848,000    23,131,628
3.00%, 04/01/2052(f)    25,450,000    25,154,740
3.50%, 04/01/2052(f)     9,700,000     9,756,078
Series 2020-137, Class A,
1.50%, 04/16/2062 		    8,081,507     7,475,639
      99,513,491
Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $858,581,693) 809,802,483
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
  Principal
Amount 		Value
Asset-Backed Securities–9.99%
Adjustable Rate Mortgage Trust, Series 2005-7, Class 2A21, 0.77%, 10/25/2035(b)       $191,751       $174,632
Agate Bay Mortgage Trust, Series 2015-2, Class B1, 3.64%, 03/25/2045(b)(g)     1,756,745     1,750,782
Banc of America Funding Trust,                          
Series 2006-3, Class 5A5, 5.50%, 03/25/2036        32,232        30,757
Series 2006-A, Class 1A1, 2.61%, 02/20/2036(b)       249,141       248,351
Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-1, Class 2A1, 2.92%, 03/25/2035(b)       877,805       866,568
Benchmark Mortgage Trust, Series 2018-B1, Class XA, IO, 0.49%, 01/15/2051(a)    17,168,448       390,079
BINOM Securitization Trust, Series 2021-INV1, Class A1, 2.03%, 06/25/2056(b)(g)     3,773,028     3,610,129
BX Commercial Mortgage Trust, Series 2018-BIOA, Class C, 1.52% (1 mo. USD LIBOR + 1.12%), 03/15/2037(e)(g)     5,907,190     5,841,675
CCG Receivables Trust,                          
Series 2019-1, Class B, 3.22%, 09/14/2026(g)     1,400,000     1,409,747
Series 2019-1, Class C, 3.57%, 09/14/2026(g)       340,000       342,976
Series 2019-2, Class C, 2.89%, 03/15/2027(g)       405,000       404,066
CD Mortgage Trust, Series 2017-CD6, Class XA, IO, 0.92%, 11/13/2050(a)     7,269,041       233,368
Chase Mortgage Finance Corp.,                          
Series 2016-2, Class M4, 3.75%, 12/25/2045(b)(g)     1,731,540     1,657,142
Series 2016-SH1, Class M3, 3.75%, 04/25/2045(b)(g)     1,467,878     1,436,593
Chase Mortgage Finance Trust,                          
Series 2005-A1, Class 3A1, 2.88%, 12/25/2035(b)        15,502        14,725
Series 2007-A2, Class 2A1, 2.38%, 06/25/2035(b)       251,936       253,894
Series 2007-A2, Class 2A4, 2.38%, 06/25/2035(b)       232,735       233,004
Citigroup Commercial Mortgage Trust,                          
Series 2013-GC17, Class XA, IO, 1.00%, 11/10/2046(a)     4,982,043        61,609
Series 2017-C4, Class XA, IO, 1.08%, 10/12/2050(a)    19,390,283       770,198
Citigroup Mortgage Loan Trust, Inc.,                          
Series 2004-UST1, Class A4, 1.89%, 08/25/2034(b)        63,816        62,054
Series 2005-11, Class A2A, 2.47% (1 yr. U.S. Treasury Yield Curve Rate + 2.40%), 10/25/2035(e)       581,527       581,571
Series 2006-AR2, Class 1A2, 2.56%, 03/25/2036(b)        17,150        16,530
  Principal
Amount 		Value
COMM Mortgage Trust,                          
Series 2013-LC13, Class XA, IO, 0.99%, 08/10/2046(a)    $19,274,665       $210,156
Series 2015-CR24, Class XA, IO, 0.75%, 08/10/2048(a)    38,784,910       812,777
Commonbond Student Loan Trust, Series 2018-CGS, Class A1, 3.87%, 02/25/2046(g)     1,068,600     1,075,186
Countrywide Home Loans Mortgage Pass-Through Trust, Series 2004-29, Class 1A1, 1.00% (1 mo. USD LIBOR + 0.54%), 02/25/2035(e)       186,807       181,107
Credit Suisse Mortgage Capital Trust, Series 2013-7, Class B1, 3.54%, 08/25/2043(b)(g)     1,628,653     1,625,232
Credit Suisse Mortgage Loan Trust, Series 2015-1, Class A9, 3.50%, 05/25/2045(b)(g)       355,311       347,301
CSFB Mortgage-Backed Pass-Through Ctfs., Series 2004-AR5, Class 5A1, 2.77%, 06/25/2034(b)       431,356       444,379
Dell Equipment Finance Trust, Series 2019-2, Class D, 2.48%, 04/22/2025(g)       875,000       875,757
Deutsche Mortgage Securities, Inc. Re-REMIC Trust Ctfs., Series 2007-WM1, Class A1, 3.08%, 06/27/2037(b)(g)     1,607,255     1,607,575
Galton Funding Mortgage Trust, Series 2018-1, Class A33, 3.50%, 11/25/2057(b)(g)       463,714       462,464
GMACM Mortgage Loan Trust, Series 2005-AR3, Class 2A1, 2.96%, 06/19/2035(b)       680,169       685,130
GSAA Home Equity Trust, Series 2007-7, Class A4, 1.00% (1 mo. USD LIBOR + 0.54%), 07/25/2037(e)        30,906        30,667
GSR Mortgage Loan Trust,                          
Series 2004-12, Class 3A6, 1.46%, 12/25/2034(b)       257,471       251,216
Series 2005-AR, Class 6A1, 3.02%, 07/25/2035(b)       111,198       113,521
Invitation Homes Trust,                          
Series 2018-SFR3, Class B, 1.59% (1 mo. USD LIBOR + 1.15%), 07/17/2037(e)(g)     1,250,941     1,241,380
Series 2018-SFR4, Class C, 1.84% (1 mo. USD LIBOR + 1.40%), 01/17/2038(e)(g)     4,228,805     4,226,836
JP Morgan Mortgage Trust,                          
Series 2005-A1, Class 3A1, 2.60%, 02/25/2035(b)       469,551       461,117
Series 2005-A3, Class 6A5, 2.80%, 06/25/2035(b)       282,249       287,332
Series 2014-1, Class 1A17, 0.79%, 01/25/2044(b)(g)       719,408       707,392
Series 2015-3, Class A3, 3.50%, 05/25/2045(b)(g)       712,588       700,639
Series 2017-5, Class A1, 3.05%, 10/26/2048(b)(g)       874,931       874,825
Series 2019-INV2, Class A15, 3.50%, 02/25/2050(b)(g)       191,107       190,818
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
  Principal
Amount 		Value
Luminent Mortgage Trust, Series 2006-1, Class A1, 1.18% (1 mo. USD LIBOR + 0.72%), 04/25/2036(e)        $32,780        $29,485
MASTR Adjustable Rate Mortgages Trust, Series 2004-13, Class 2A2, 2.62%, 04/21/2034(b)       132,693       133,817
Merrill Lynch Mortgage Investors Trust,                          
Series 2005-3, Class 3A, 2.06%, 11/25/2035(b)       259,630       259,543
Series 2005-A, Class A1, 0.92% (1 mo. USD LIBOR + 0.46%), 03/25/2030(e)       336,757       324,410
Morgan Stanley Capital I Trust, Series 2017-HR2, Class XA, IO, 0.78%, 12/15/2050(a)     6,675,843       231,724
Onslow Bay Mortgage Loan Trust, Series 2021-NQM4, Class A1, 1.96%, 10/25/2061(b)(g)     7,296,628     6,892,120
PRKCM Trust, Series 2021-AFC2, Class A1, 2.07%, 11/25/2056(b)(g)     8,703,355     8,258,455
Progress Residential Trust, Series 2020-SFR1, Class C, 2.18%, 04/17/2037(g)     2,500,000     2,350,857
Residential Accredit Loans, Inc. Trust,                          
Series 2006-QO2, Class A2, 1.00% (1 mo. USD LIBOR + 0.54%), 02/25/2046(e)        41,533        10,859
Series 2006-QS13, Class 1A8, 6.00%, 09/25/2036        34,384        31,195
Sapphire Aviation Finance II Ltd., Series 2020-1A, Class B, 4.34%, 03/15/2040(g)     5,610,803     4,525,129
SGR Residential Mortgage Trust, Series 2021-2, Class A1, 1.74%, 12/25/2061(b)(g)     8,178,786     7,807,053
Shellpoint Asset Funding Trust, Series 2013-1, Class A3, 3.75%, 07/25/2043(b)(g)       434,458       423,810
Starwood Mortgage Residential Trust, Series 2021-6, Class A1, 1.92%, 11/25/2066(b)(g)     4,853,365     4,594,879
Structured Adjustable Rate Mortgage Loan Trust,                          
Series 2004-13, Class A2, 0.76% (1 mo. USD LIBOR + 0.30%), 09/25/2034(e)       272,579       257,859
Series 2004-20, Class 3A1, 2.94%, 01/25/2035(b)        60,709        61,348
Structured Asset Mortgage Investments II Trust, Series 2005-AR2, Class 2A1, 0.92% (1 mo. USD LIBOR + 0.46%), 05/25/2045(e)       584,488       556,795
Structured Asset Sec Mortgage Pass-Through Ctfs., Series 2002-21A, Class B1II, 2.19%, 11/25/2032(b)        65,610        65,223
UBS Commercial Mortgage Trust, Series 2017-C5, Class XA, IO, 0.98%, 11/15/2050(a)    12,706,639       464,097
  Principal
Amount 		Value
Vendee Mortgage Trust,                          
Series 1999-3, Class IO, 0.00%, 10/15/2029(b)     $4,964,456             $5
Series 2001-3, Class IO, 0.00%, 10/15/2031(b)     2,383,650             2
Series 2002-2, Class IO, 0.01%, 01/15/2032(b)     6,656,019           630
Series 2002-3, Class IO, 0.30%, 08/15/2032(b)     7,994,174        56,505
Series 2003-1, Class IO, 0.09%, 11/15/2032(b)    12,246,304        30,327
Verus Securitization Trust, Series 2019-INV3, Class A2, 2.95%, 11/25/2059(b)(g)     1,639,234     1,639,686
WaMu Mortgage Pass-Through Ctfs. Trust,                          
Series 2003-AR10, Class A7, 2.49%, 10/25/2033(b)       156,591       156,548
Series 2007-HY2, Class 2A1, 2.82%, 11/25/2036(b)        45,235        42,375
Wells Fargo Commercial Mortgage Trust, Series 2017-C42, Class XA, IO, 0.87%, 12/15/2050(a)     9,245,762       385,943
Zaxby’s Funding LLC, Series 2021-1A, Class A2, 3.24%, 07/30/2051(g)     2,885,500     2,674,762
Total Asset-Backed Securities (Cost $84,755,747) 80,068,698
Certificates of Deposit–9.35%
Diversified Banks–6.24%
Norinchukin Bank (Japan), 0.49% (SOFR + 0.22%), 06/16/2022(e)    25,000,000    24,995,401
Royal Bank of Canada (Canada), 0.33% (SOFR + 0.20%), 11/10/2022(e)    25,000,000    24,970,674
      49,966,075
Regional Banks–3.11%
Svenska Handelsbanken AB (Sweden), 0.51% (SOFR + 0.23%), 11/30/2022(e)    25,000,000    24,967,971
Total Certificates of Deposit (Cost $75,000,000) 74,934,046
Commercial Paper–9.33%
Diversified Banks–3.12%
Toronto-Dominion Bank (The) (Canada), 0.24% (SOFR + 0.19%), 11/15/2022(e)    25,000,000    25,002,352
Diversified Capital Markets–3.12%
UBS AG (Switzerland), 0.36% (SOFR + 0.23%), 11/16/2022(e)(g)    25,000,000    24,957,123
Investment Banking & Brokerage–3.09%
Goldman Sachs International, 0.46%, 11/10/2022(g)    25,000,000    24,749,400
Total Commercial Paper (Cost $74,930,312) 74,708,875
U.S. Treasury Securities–3.13%
U.S. Treasury Bills–0.13%
0.11% - 0.28%, 05/26/2022(h)(i)     1,011,000     1,010,371
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
  Principal
Amount 		Value
U.S. Treasury Floating Rate Notes–3.00%
0.71%, (3 mo. U.S. Treasury Bill Money Market Yield Rate + 0.03%), 04/30/2023(e)    $13,000,000    $13,017,742
0.70%, (3 mo. U.S. Treasury Bill Money Market Yield Rate + 0.03%), 07/31/2023(e)    11,000,000    11,016,622
      24,034,364
Total U.S. Treasury Securities (Cost $25,011,799) 25,044,735
Agency Credit Risk Transfer Notes–0.75%
Fannie Mae Connecticut Avenue Securities,                          
Series 2015-C03, Class 2M2, 5.46% (1 mo. USD LIBOR + 5.00%), 07/25/2025(e)        23,720        23,722
Series 2022-R03, Class 1M1, 2.20% (30 Day Average SOFR + 2.10%), 03/25/2042(e)(g)     6,000,000     6,020,549
Total Agency Credit Risk Transfer Notes (Cost $6,022,970) 6,044,271
  Shares Value
Money Market Funds–1.47%
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(j)(k)
(Cost $11,779,854) 		 11,779,854    $11,779,854
TOTAL INVESTMENTS IN SECURITIES–135.10% (Cost $1,136,082,375) 1,082,382,962
OTHER ASSETS LESS LIABILITIES—(35.10)% (281,221,555)
NET ASSETS–100.00% $801,161,407
Investment Abbreviations:
ACES – Automatically Convertible Extendable Security
COFI – Cost of Funds Index
Ctfs. – Certificates
IO – Interest Only
LIBOR – London Interbank Offered Rate
MTA – Moving Treasury Average
PO – Principal Only
REMICs – Real Estate Mortgage Investment Conduits
SOFR – Secured Overnight Financing Rate
STRIPS – Separately Traded Registered Interest and Principal Security
TBA – To Be Announced
USD – U.S. Dollar
Notes to Schedule of Investments:
(a) 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 March 31, 2022.
(b) 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 March 31, 2022.
(c) Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security.
(d) Zero coupon bond issued at a discount.
(e) Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on March 31, 2022.
(f) Security purchased on a forward commitment basis. This security is subject to dollar roll transactions.
(g) 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 March 31, 2022 was $125,282,338, which represented 15.64% 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) All or a portion of the value 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 three months ended March 31, 2022.
    
  Value
December 31, 2021 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation 		Realized
Gain 		Value
March 31, 2022 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $9,273,851 $52,239,418 $(49,733,415) $- $- $11,779,854 $188
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
  Value
December 31, 2021 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation 		Realized
Gain 		Value
March 31, 2022 		Dividend Income
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund $- $8,034,462 $(8,034,462) $- $- $- $17*
Invesco Private Prime Fund - 4,949,984 (4,949,984) - - - 37*
Total $9,273,851 $65,223,864 $(62,717,861) $- $- $11,779,854 $242
    
* 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 March 31, 2022.
    
Open Futures Contracts
Long Futures Contracts Number of
Contracts 		Expiration
Month 		Notional
Value 		Value Unrealized
Appreciation
(Depreciation)
Interest Rate Risk
U.S. Treasury 10 Year Ultra Notes 67 June-2022 $9,076,406 $32,234 $32,234
U.S. Treasury Long Bonds 152 June-2022 22,809,500 (145,320) (145,320)
U.S. Treasury Ultra Bonds 25 June-2022 4,428,125 (35,625) (35,625)
Subtotal—Long Futures Contracts (148,711) (148,711)
Short Futures Contracts          
Interest Rate Risk
U.S. Treasury 2 Year Notes 127 June-2022 (26,914,078) 333,375 333,375
U.S. Treasury 5 Year Notes 546 June-2022 (62,619,375) 315,000 315,000
U.S. Treasury 10 Year Notes 112 June-2022 (13,762,000) 447,125 447,125
Subtotal—Short Futures Contracts 1,095,500 1,095,500
Total Futures Contracts $946,789 $946,789
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Invesco Quality Income Fund
Notes to Quarterly Schedule of Portfolio Holdings
March 31, 2022
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available or are unreliable. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 – Prices are determined using quoted prices in an active market for identical assets.
Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
The following is a summary of the tiered valuation input levels, as of March 31, 2022. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
  Level 1 Level 2 Level 3 Total
Investments in Securities        
U.S. Government Sponsored Agency Mortgage-Backed Securities $— $809,802,483 $0 $809,802,483
Asset-Backed Securities — 80,068,698 — 80,068,698
Certificates of Deposit — 74,934,046 — 74,934,046
Commercial Paper — 74,708,875 — 74,708,875
U.S. Treasury Securities — 25,044,735 — 25,044,735
Agency Credit Risk Transfer Notes — 6,044,271 — 6,044,271
Money Market Funds 11,779,854 — — 11,779,854
Total Investments in Securities 11,779,854 1,070,603,108 0 1,082,382,962
Other Investments - Assets        
Futures Contracts* 1,127,734 — — 1,127,734
Other Investments - Liabilities        
Futures Contracts* (180,945) — — (180,945)
Total Other Investments 946,789 — — 946,789
Total Investments $12,726,643 $1,070,603,108 $0 $1,083,329,751
    
* Unrealized appreciation (depreciation).
Invesco Quality Income Fund