# EDGAR Filing Document

**Accession Number:** 0000826644
**File Stem:** 0000826644-25-000096
**Filing Date:** 2025-9
**Character Count:** 446534
**Document Hash:** f2a99259ba04f38725c60cdd3d367a95
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000826644-25-000096.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000826644-25-000096

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
- **CENTRAL INDEX KEY:** 0000826644

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05426
- **FILM NUMBER:** 251356727

**BUSINESS ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 7136261919

**MAIL ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM INVESTMENT FUNDS
- **DATE OF NAME CHANGE:** 19980529

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** G T INVESTMENT FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** G T GLOBAL INCOME SERIES INC
- **DATE OF NAME CHANGE:** 19890521

## Series and Classes Contracts Data

### Invesco Multi-Asset Income Fund (Series ID: S000035024)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000107688 | Class A      | PIAFX           |
| C000107689 | Class C      | PICFX           |
| C000107690 | Class R      | PIRFX           |
| C000107691 | Class Y      | PIYFX           |
| C000107692 | CLASS R5     | IPNFX           |
| C000120706 | CLASS R6     | PIFFX           |

## Nport-Ex

**Schedule of Investments**<sup>(a)</sup> 

*July 31, 2025*

*(Unaudited)*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Shares** | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Shares** | **Value** |
| **Exchange-Traded Funds–53.55%** | **Exchange-Traded Funds–53.55%** | **Exchange-Traded Funds–53.55%** | **Exchange-Traded Funds–53.55%** |
| Invesco High Yield Bond Factor ETF<sup>(b)(c)</sup>  | Invesco High Yield Bond Factor ETF<sup>(b)(c)</sup>  | 1550400 | &nbsp;&nbsp; $34908496 |
| &nbsp;&nbsp;&nbsp; Invesco MSCI EAFE Income Advantage <br> ETF<sup>(b)(c)</sup>  | &nbsp;&nbsp;&nbsp; Invesco MSCI EAFE Income Advantage <br> ETF<sup>(b)(c)</sup>  | 1650000 | &nbsp;&nbsp; 83341500 |
| Invesco QQQ Income Advantage ETF<sup>(b)</sup>  | Invesco QQQ Income Advantage ETF<sup>(b)</sup>  | 2110000 | &nbsp;&nbsp; 107230200 |
| &nbsp;&nbsp;&nbsp; Invesco S&P 500 Equal Weight Income <br> Advantage ETF<sup>(b)(c)</sup>  | &nbsp;&nbsp;&nbsp; Invesco S&P 500 Equal Weight Income <br> Advantage ETF<sup>(b)(c)</sup>  | 4732000 | &nbsp;&nbsp; 236126800 |
| &nbsp;&nbsp;&nbsp; iShares J.P. Morgan USD Emerging <br> Markets Bond ETF<sup>(c)</sup>  | &nbsp;&nbsp;&nbsp; iShares J.P. Morgan USD Emerging <br> Markets Bond ETF<sup>(c)</sup>  | 180000 | &nbsp;&nbsp; 16716600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Exchange-Traded Funds <br> (Cost $466,242,386) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Exchange-Traded Funds <br> (Cost $466,242,386) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Exchange-Traded Funds <br> (Cost $466,242,386) | &nbsp;&nbsp; 478323596 |
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** |  |
| **U.S. Treasury Securities–25.57%** | **U.S. Treasury Securities–25.57%** | **U.S. Treasury Securities–25.57%** | **U.S. Treasury Securities–25.57%** |
| **U.S. Treasury Bills–0.11%** | **U.S. Treasury Bills–0.11%** | **U.S. Treasury Bills–0.11%** | **U.S. Treasury Bills–0.11%** |
| &nbsp;&nbsp;&nbsp; 3.96% - 4.12%, <br> 05/14/2026<sup>(d)(e)</sup> <br>|  | $994000 | &nbsp;&nbsp; 962418 |
| **U.S. Treasury Bonds–12.83%** | **U.S. Treasury Bonds–12.83%** | **U.S. Treasury Bonds–12.83%** | **U.S. Treasury Bonds–12.83%** |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/15/2055 |  | 119600000 | &nbsp;&nbsp; 114610438 |
| **U.S. Treasury Notes–12.63%** | **U.S. Treasury Notes–12.63%** | **U.S. Treasury Notes–12.63%** | **U.S. Treasury Notes–12.63%** |
| &nbsp;&nbsp;&nbsp; 1.25%, 12/31/2026 |  | 13100000 | &nbsp;&nbsp; 12598771 |
| &nbsp;&nbsp;&nbsp; 2.50%, 03/31/2027 |  | 5900000 | &nbsp;&nbsp; 5759068 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/15/2027 |  | 21700000 | &nbsp;&nbsp; 21882246 |
| &nbsp;&nbsp;&nbsp; 2.63%, 05/31/2027 |  | 1050000 | &nbsp;&nbsp; 1025288 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/15/2027 |  | 1800000 | &nbsp;&nbsp; 1821410 |
| &nbsp;&nbsp;&nbsp; 0.63%, 12/31/2027 |  | 5000000 | &nbsp;&nbsp; 4625977 |
| &nbsp;&nbsp;&nbsp; 2.88%, 05/15/2028 |  | 24000000 | &nbsp;&nbsp; 23363906 |
| &nbsp;&nbsp;&nbsp; 3.75%, 12/31/2028 |  | 6000000 | &nbsp;&nbsp; 5971875 |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/30/2029 |  | 22700000 | &nbsp;&nbsp; 23260850 |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/30/2029 |  | 2500000 | &nbsp;&nbsp; 2530127 |
| &nbsp;&nbsp;&nbsp; 3.63%, 08/31/2029 |  | 6000000 | &nbsp;&nbsp; 5933789 |
| &nbsp;&nbsp;&nbsp; 4.38%, 12/31/2029 |  | 4000000 | &nbsp;&nbsp; 4070938 |
|  |  |  | &nbsp;&nbsp; 112844245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury Securities <br> (Cost $230,900,280) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury Securities <br> (Cost $230,900,280) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury Securities <br> (Cost $230,900,280) | &nbsp;&nbsp; 228417101 |
| **U.S. Dollar Denominated Bonds & Notes–15.07%** | **U.S. Dollar Denominated Bonds & Notes–15.07%** | **U.S. Dollar Denominated Bonds & Notes–15.07%** | **U.S. Dollar Denominated Bonds & Notes–15.07%** |
| **Advertising–0.08%** | **Advertising–0.08%** | **Advertising–0.08%** | **Advertising–0.08%** |
| &nbsp;&nbsp;&nbsp; Advantage Sales & Marketing, Inc., <br> 6.50%, 11/15/2028<sup>(c)(f)</sup> <br>|  | 220000 | &nbsp;&nbsp; 165198 |
| Belo Corp., 7.25%, 09/15/2027 |  | 573000 | &nbsp;&nbsp; 592280 |
|  |  |  | &nbsp;&nbsp; 757478 |
| **Aerospace & Defense–0.15%** | **Aerospace & Defense–0.15%** | **Aerospace & Defense–0.15%** | **Aerospace & Defense–0.15%** |
| &nbsp;&nbsp;&nbsp; Boeing Co. (The), 2.80%, <br> 03/01/2027<br>|  | 900000 | &nbsp;&nbsp; 874443 |
| &nbsp;&nbsp;&nbsp; Moog, Inc., 4.25%, <br> 12/15/2027<sup>(c)(f)</sup> <br>|  | 500000 | &nbsp;&nbsp; 488961 |
|  |  |  | &nbsp;&nbsp; 1363404 |
| **Agricultural & Farm Machinery–0.20%** | **Agricultural & Farm Machinery–0.20%** | **Agricultural & Farm Machinery–0.20%** | **Agricultural & Farm Machinery–0.20%** |
| CNH Industrial Capital LLC, | CNH Industrial Capital LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 4.55%, 04/10/2028 |  | 155000 | &nbsp;&nbsp; 155290 |
| &nbsp;&nbsp;&nbsp; 5.10%, 04/20/2029 |  | 200000 | &nbsp;&nbsp; 203329 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Agricultural & Farm Machinery–(continued)** | **Agricultural & Farm Machinery–(continued)** | **Agricultural & Farm Machinery–(continued)** | **Agricultural & Farm Machinery–(continued)** |
| John Deere Capital Corp., | John Deere Capital Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.85%, 03/05/2027 |  | $190000 | &nbsp;&nbsp; $191889 |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/14/2028 |  | 620000 | &nbsp;&nbsp; 634229 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/16/2029 |  | 200000 | &nbsp;&nbsp; 201335 |
| &nbsp;&nbsp;&nbsp; 4.85%, 06/11/2029<sup>(c)</sup> <br>|  | 200000 | &nbsp;&nbsp; 204033 |
| &nbsp;&nbsp;&nbsp; Titan International, Inc., 7.00%, <br> 04/30/2028<br>|  | 160000 | &nbsp;&nbsp; 160037 |
|  |  |  | &nbsp;&nbsp; 1750142 |
| **Agricultural Products & Services–0.03%** | **Agricultural Products & Services–0.03%** | **Agricultural Products & Services–0.03%** | **Agricultural Products & Services–0.03%** |
| &nbsp;&nbsp;&nbsp; Darling Ingredients, Inc., 5.25%, <br> 04/15/2027<sup>(f)</sup> <br>|  | 300000 | &nbsp;&nbsp; 299839 |
| **Air Freight & Logistics–0.06%** | **Air Freight & Logistics–0.06%** | **Air Freight & Logistics–0.06%** | **Air Freight & Logistics–0.06%** |
| &nbsp;&nbsp;&nbsp; Rand Parent LLC, 8.50%, <br> 02/15/2030<sup>(f)</sup> <br>|  | 500000 | &nbsp;&nbsp; 503288 |
| **Apparel, Accessories & Luxury Goods–0.01%** | **Apparel, Accessories & Luxury Goods–0.01%** | **Apparel, Accessories & Luxury Goods–0.01%** | **Apparel, Accessories & Luxury Goods–0.01%** |
| &nbsp;&nbsp;&nbsp; Tapestry, Inc., 4.13%, <br> 07/15/2027<br>|  | 59000 | &nbsp;&nbsp; 58587 |
| **Application Software–0.11%** | **Application Software–0.11%** | **Application Software–0.11%** | **Application Software–0.11%** |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc., 9.00%, <br> 09/30/2029<sup>(f)</sup> <br>|  | 400000 | &nbsp;&nbsp; 414236 |
| Open Text Holdings, Inc. (Canada), | Open Text Holdings, Inc. (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/15/2030<sup>(f)</sup> <br>|  | 320000 | &nbsp;&nbsp; 300263 |
| &nbsp;&nbsp;&nbsp; 4.13%, 12/01/2031<sup>(c)(f)</sup> <br>|  | 257000 | &nbsp;&nbsp; 234162 |
|  |  |  | &nbsp;&nbsp; 948661 |
| **Asset Management & Custody Banks–0.12%** | **Asset Management & Custody Banks–0.12%** | **Asset Management & Custody Banks–0.12%** | **Asset Management & Custody Banks–0.12%** |
| &nbsp;&nbsp;&nbsp; Ares Capital Corp., 2.88%, <br> 06/15/2028<br>|  | 110000 | &nbsp;&nbsp; 103980 |
| &nbsp;&nbsp;&nbsp; Brookfield Finance, Inc. (Canada), <br> 3.90%, 01/25/2028<br>|  | 400000 | &nbsp;&nbsp; 394244 |
| &nbsp;&nbsp;&nbsp; FS KKR Capital Corp., 6.13%, <br> 01/15/2030<sup>(c)</sup> <br>|  | 150000 | &nbsp;&nbsp; 150590 |
| &nbsp;&nbsp;&nbsp; State Street Corp., 4.73%, <br> 02/28/2030<br>|  | 400000 | &nbsp;&nbsp; 404552 |
|  |  |  | &nbsp;&nbsp; 1053366 |
| **Automobile Manufacturers–0.35%** | **Automobile Manufacturers–0.35%** | **Automobile Manufacturers–0.35%** | **Automobile Manufacturers–0.35%** |
| &nbsp;&nbsp;&nbsp; American Honda Finance Corp., <br> 2.35%, 01/08/2027<sup>(c)</sup> <br>|  | 95000 | &nbsp;&nbsp; 92260 |
| Ford Motor Credit Co. LLC, | Ford Motor Credit Co. LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 6.80%, 05/12/2028 |  | 300000 | &nbsp;&nbsp; 309771 |
| &nbsp;&nbsp;&nbsp; 5.11%, 05/03/2029<sup>(c)</sup> <br>|  | 300000 | &nbsp;&nbsp; 293619 |
| &nbsp;&nbsp;&nbsp; Jaguar Land Rover Automotive PLC <br> (United Kingdom), 4.50%, <br> 10/01/2027<sup>(f)</sup> <br>|  | 212000 | &nbsp;&nbsp; 208210 |
| PACCAR Financial Corp., | PACCAR Financial Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 08/10/2026 |  | 200000 | &nbsp;&nbsp; 201527 |
| &nbsp;&nbsp;&nbsp; 4.60%, 01/31/2029<sup>(c)</sup> <br>|  | 230000 | &nbsp;&nbsp; 232545 |
| &nbsp;&nbsp;&nbsp; Toyota Motor Corp. (Japan), <br> 5.12%, 07/13/2028<sup>(c)</sup> <br>|  | 460000 | &nbsp;&nbsp; 471169 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Multi-Asset Income Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Automobile Manufacturers–(continued)** | **Automobile Manufacturers–(continued)** | **Automobile Manufacturers–(continued)** | **Automobile Manufacturers–(continued)** |
| Toyota Motor Credit Corp., | Toyota Motor Credit Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 3.20%, 01/11/2027 |  | $100000 | &nbsp;&nbsp; $98498 |
| &nbsp;&nbsp;&nbsp; 1.15%, 08/13/2027 |  | 300000 | &nbsp;&nbsp; 282137 |
| &nbsp;&nbsp;&nbsp; 4.65%, 01/05/2029 |  | 500000 | &nbsp;&nbsp; 504879 |
| &nbsp;&nbsp;&nbsp; 3.65%, 01/08/2029<sup>(c)</sup> <br>|  | 460000 | &nbsp;&nbsp; 450505 |
|  |  |  | &nbsp;&nbsp; 3145120 |
| **Automotive Parts & Equipment–0.33%** | **Automotive Parts & Equipment–0.33%** | **Automotive Parts & Equipment–0.33%** | **Automotive Parts & Equipment–0.33%** |
| &nbsp;&nbsp;&nbsp; Aptiv Swiss Holdings Ltd., 6.88%, <br> 12/15/2054<sup>(g)</sup> <br>|  | 210000 | &nbsp;&nbsp; 211909 |
| &nbsp;&nbsp;&nbsp; Avis Budget Car Rental LLC/Avis <br> Budget Finance, Inc., 5.75%, <br> 07/15/2027<sup>(c)(f)</sup> <br>|  | 600000 | &nbsp;&nbsp; 596802 |
| IHO Verwaltungs GmbH (Germany), | IHO Verwaltungs GmbH (Germany), |  |  |
| &nbsp;&nbsp;&nbsp; 7.13% PIK Rate, 6.38% Cash <br> Rate, 05/15/2029<sup>(f)(h)</sup> <br>|  | 300000 | &nbsp;&nbsp; 300615 |
| &nbsp;&nbsp;&nbsp; 8.75% PIK Rate, 8.00% Cash <br> Rate, 11/15/2032<sup>(f)(h)</sup> <br>|  | 200000 | &nbsp;&nbsp; 205777 |
| &nbsp;&nbsp;&nbsp; Tenneco, Inc., 8.00%, <br> 11/17/2028<sup>(f)</sup> <br>|  | 660000 | &nbsp;&nbsp; 655572 |
| &nbsp;&nbsp;&nbsp; United Rentals (North America), <br> Inc., 4.88%, 01/15/2028<sup>(c)</sup> <br>|  | 160000 | &nbsp;&nbsp; 159141 |
| ZF North America Capital, Inc. (Germany), | ZF North America Capital, Inc. (Germany), |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/14/2028<sup>(f)</sup> <br>|  | 200000 | &nbsp;&nbsp; 199763 |
| &nbsp;&nbsp;&nbsp; 7.13%, 04/14/2030<sup>(f)</sup> <br>|  | 600000 | &nbsp;&nbsp; 582045 |
|  |  |  | &nbsp;&nbsp; 2911624 |
| **Automotive Retail–0.06%** | **Automotive Retail–0.06%** | **Automotive Retail–0.06%** | **Automotive Retail–0.06%** |
| &nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc., 1.75%, <br> 10/01/2027<sup>(c)</sup> <br>|  | 560000 | &nbsp;&nbsp; 516039 |
| **Biotechnology–0.09%** | **Biotechnology–0.09%** | **Biotechnology–0.09%** | **Biotechnology–0.09%** |
| AbbVie, Inc., | AbbVie, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 11/21/2026 |  | 570000 | &nbsp;&nbsp; 560135 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/15/2029 |  | 230000 | &nbsp;&nbsp; 233710 |
|  |  |  | &nbsp;&nbsp; 793845 |
| **Broadcasting–0.18%** | **Broadcasting–0.18%** | **Broadcasting–0.18%** | **Broadcasting–0.18%** |
| &nbsp;&nbsp;&nbsp; AMC Networks, Inc., 10.25%, <br> 01/15/2029<sup>(f)</sup> <br>|  | 300000 | &nbsp;&nbsp; 308173 |
| &nbsp;&nbsp;&nbsp; Discovery Communications LLC, <br> 3.95%, 03/20/2028<sup>(c)</sup> <br>|  | 241000 | &nbsp;&nbsp; 232113 |
| Paramount Global, | Paramount Global, |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 06/01/2028 |  | 125000 | &nbsp;&nbsp; 121138 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/30/2062<sup>(c)(g)</sup> <br>|  | 680000 | &nbsp;&nbsp; 670567 |
| &nbsp;&nbsp;&nbsp; Univision Communications, Inc., <br> 8.50%, 07/31/2031<sup>(c)(f)</sup> <br>|  | 300000 | &nbsp;&nbsp; 304949 |
|  |  |  | &nbsp;&nbsp; 1636940 |
| **Broadline Retail–0.25%** | **Broadline Retail–0.25%** | **Broadline Retail–0.25%** | **Broadline Retail–0.25%** |
| &nbsp;&nbsp;&nbsp; Amazon.com, Inc., 3.30%, <br> 04/13/2027<br>|  | 150000 | &nbsp;&nbsp; 147914 |
| Kohl's Corp., 5.13%, 05/01/2031 |  | 350000 | &nbsp;&nbsp; 253876 |
| Macy's Retail Holdings LLC, | Macy's Retail Holdings LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/15/2032<sup>(f)</sup> <br>|  | 300000 | &nbsp;&nbsp; 287703 |
| &nbsp;&nbsp;&nbsp; 6.70%, 07/15/2034<sup>(f)</sup> <br>|  | 437000 | &nbsp;&nbsp; 377924 |
| &nbsp;&nbsp;&nbsp; Nordstrom, Inc., 6.95%, <br> 03/15/2028<br>|  | 160000 | &nbsp;&nbsp; 164981 |
| QVC, Inc., 6.88%, 04/15/2029<sup>(c)(f)</sup> <br>|  | 138000 | &nbsp;&nbsp; 62700 |
| Rakuten Group, Inc. (Japan), | Rakuten Group, Inc. (Japan), |  |  |
| &nbsp;&nbsp;&nbsp; 11.25%, 02/15/2027<sup>(f)</sup> <br>|  | 500000 | &nbsp;&nbsp; 542677 |
| &nbsp;&nbsp;&nbsp; 9.75%, 04/15/2029<sup>(f)</sup> <br>|  | 350000 | &nbsp;&nbsp; 385286 |
|  |  |  | &nbsp;&nbsp; 2223061 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Building Products–0.15%** | **Building Products–0.15%** | **Building Products–0.15%** | **Building Products–0.15%** |
| &nbsp;&nbsp;&nbsp; Adams Homes, Inc., 9.25%, <br> 10/15/2028<sup>(f)</sup> <br>|  | $285000 | &nbsp;&nbsp; $296232 |
| &nbsp;&nbsp;&nbsp; JELD-WEN, Inc., 4.88%, <br> 12/15/2027<sup>(c)(f)</sup> <br>|  | 480000 | &nbsp;&nbsp; 455805 |
| Standard Industries, Inc., | Standard Industries, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/2028<sup>(f)</sup> <br>|  | 320000 | &nbsp;&nbsp; 315872 |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/15/2030<sup>(f)</sup> <br>|  | 320000 | &nbsp;&nbsp; 303166 |
|  |  |  | &nbsp;&nbsp; 1371075 |
| **Cable & Satellite–0.58%** | **Cable & Satellite–0.58%** | **Cable & Satellite–0.58%** | **Cable & Satellite–0.58%** |
| &nbsp;&nbsp;&nbsp; Cable One, Inc., 4.00%, <br> 11/15/2030<sup>(f)</sup> <br>|  | 350000 | &nbsp;&nbsp; 269876 |
| &nbsp;&nbsp;&nbsp; Charter Communications <br> Operating LLC/Charter <br> Communications Operating <br> Capital Corp., 2.25%, <br> 01/15/2029<sup>(c)</sup> <br>|  | 230000 | &nbsp;&nbsp; 211431 |
| Comcast Corp., | Comcast Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 3.30%, 04/01/2027 |  | 230000 | &nbsp;&nbsp; 226190 |
| &nbsp;&nbsp;&nbsp; 5.35%, 11/15/2027<sup>(c)</sup> <br>|  | 300000 | &nbsp;&nbsp; 306677 |
| &nbsp;&nbsp;&nbsp; 4.55%, 01/15/2029 |  | 200000 | &nbsp;&nbsp; 201425 |
| CSC Holdings LLC, | CSC Holdings LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 11.75%, 01/31/2029<sup>(f)</sup> <br>|  | 360000 | &nbsp;&nbsp; 336965 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/2030<sup>(f)</sup> <br>|  | 452000 | &nbsp;&nbsp; 223275 |
| &nbsp;&nbsp;&nbsp; Directv Financing LLC/Directv <br> Financing Co-Obligor, Inc., <br> 5.88%, 08/15/2027<sup>(f)</sup> <br>|  | 400000 | &nbsp;&nbsp; 398051 |
| &nbsp;&nbsp;&nbsp; DISH DBS Corp., 5.75%, <br> 12/01/2028<sup>(f)</sup> <br>|  | 380000 | &nbsp;&nbsp; 339932 |
| &nbsp;&nbsp;&nbsp; DISH Network Corp., 11.75%, <br> 11/15/2027<sup>(f)</sup> <br>|  | 530000 | &nbsp;&nbsp; 552430 |
| &nbsp;&nbsp;&nbsp; LCPR Senior Secured Financing DAC <br> (Puerto Rico), 6.75%, <br> 10/15/2027<sup>(f)</sup> <br>|  | 400000 | &nbsp;&nbsp; 307418 |
| &nbsp;&nbsp;&nbsp; Scripps Escrow, Inc., 5.88%, <br> 07/15/2027<sup>(f)</sup> <br>|  | 430000 | &nbsp;&nbsp; 429859 |
| &nbsp;&nbsp;&nbsp; Sirius XM Radio LLC, 4.00%, <br> 07/15/2028<sup>(f)</sup> <br>|  | 820000 | &nbsp;&nbsp; 780978 |
| &nbsp;&nbsp;&nbsp; Telenet Finance Luxembourg Notes <br> S.a.r.l. (Belgium), 5.50%, <br> 03/01/2028<sup>(f)</sup> <br>|  | 400000 | &nbsp;&nbsp; 396965 |
| &nbsp;&nbsp;&nbsp; Virgin Media Secured Finance PLC <br> (United Kingdom), 4.50%, <br> 08/15/2030<sup>(f)</sup> <br>|  | 200000 | &nbsp;&nbsp; 186165 |
|  |  |  | &nbsp;&nbsp; 5167637 |
| **Cargo Ground Transportation–0.11%** | **Cargo Ground Transportation–0.11%** | **Cargo Ground Transportation–0.11%** | **Cargo Ground Transportation–0.11%** |
| Ryder System, Inc., | Ryder System, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 09/01/2029<sup>(c)</sup> <br>|  | 400000 | &nbsp;&nbsp; 405479 |
| &nbsp;&nbsp;&nbsp; 4.90%, 12/01/2029 |  | 560000 | &nbsp;&nbsp; 566904 |
|  |  |  | &nbsp;&nbsp; 972383 |
| **Casinos & Gaming–0.21%** | **Casinos & Gaming–0.21%** | **Casinos & Gaming–0.21%** | **Casinos & Gaming–0.21%** |
| &nbsp;&nbsp;&nbsp; Brightstar Lottery PLC, 6.25%, <br> 01/15/2027<sup>(f)</sup> <br>|  | 241000 | &nbsp;&nbsp; 243606 |
| Melco Resorts Finance Ltd. (Hong Kong), | Melco Resorts Finance Ltd. (Hong Kong), |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/21/2028<sup>(f)</sup> <br>|  | 319000 | &nbsp;&nbsp; 313127 |
| &nbsp;&nbsp;&nbsp; 5.38%, 12/04/2029<sup>(c)(f)</sup> <br>|  | 300000 | &nbsp;&nbsp; 287421 |
| &nbsp;&nbsp;&nbsp; MGM China Holdings Ltd. (Macau), <br> 4.75%, 02/01/2027<sup>(f)</sup> <br>|  | 246000 | &nbsp;&nbsp; 243755 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Multi-Asset Income Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Casinos & Gaming–(continued)** | **Casinos & Gaming–(continued)** | **Casinos & Gaming–(continued)** | **Casinos & Gaming–(continued)** |
| Wynn Macau Ltd. (Macau), | Wynn Macau Ltd. (Macau), |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/01/2027<sup>(c)(f)</sup> <br>|  | $300000 | &nbsp;&nbsp; $299227 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/26/2028<sup>(c)(f)</sup> <br>|  | 520000 | &nbsp;&nbsp; 514652 |
|  |  |  | &nbsp;&nbsp; 1901788 |
| **Commercial Printing–0.11%** | **Commercial Printing–0.11%** | **Commercial Printing–0.11%** | **Commercial Printing–0.11%** |
| &nbsp;&nbsp;&nbsp; Deluxe Corp., 8.13%, <br> 09/15/2029<sup>(f)</sup> <br>|  | 400000 | &nbsp;&nbsp; 412294 |
| &nbsp;&nbsp;&nbsp; R.R. Donnelley & Sons Co., 9.50%, <br> 08/01/2029<sup>(f)</sup> <br>|  | 600000 | &nbsp;&nbsp; 613638 |
|  |  |  | &nbsp;&nbsp; 1025932 |
| **Commodity Chemicals–0.10%** | **Commodity Chemicals–0.10%** | **Commodity Chemicals–0.10%** | **Commodity Chemicals–0.10%** |
| &nbsp;&nbsp;&nbsp; Cabot Corp., 4.00%, <br> 07/01/2029<sup>(c)</sup> <br>|  | 400000 | &nbsp;&nbsp; 391663 |
| &nbsp;&nbsp;&nbsp; Methanex Corp. (Canada), 5.13%, <br> 10/15/2027<br>|  | 540000 | &nbsp;&nbsp; 537710 |
|  |  |  | &nbsp;&nbsp; 929373 |
| **Communications Equipment–0.08%** | **Communications Equipment–0.08%** | **Communications Equipment–0.08%** | **Communications Equipment–0.08%** |
| &nbsp;&nbsp;&nbsp; Viasat, Inc., 5.63%, <br> 04/15/2027<sup>(c)(f)</sup> <br>|  | 680000 | &nbsp;&nbsp; 677361 |
| **Computer & Electronics Retail–0.02%** | **Computer & Electronics Retail–0.02%** | **Computer & Electronics Retail–0.02%** | **Computer & Electronics Retail–0.02%** |
| &nbsp;&nbsp;&nbsp; IBM International Capital Pte. Ltd., <br> 4.60%, 02/05/2029<br>|  | 170000 | &nbsp;&nbsp; 171349 |
| **Construction Machinery & Heavy Transportation Equipment–**<br> **0.06%** | **Construction Machinery & Heavy Transportation Equipment–**<br> **0.06%** | **Construction Machinery & Heavy Transportation Equipment–**<br> **0.06%** | **Construction Machinery & Heavy Transportation Equipment–**<br> **0.06%** |
| &nbsp;&nbsp;&nbsp; Caterpillar Financial Services Corp., <br> 1.10%, 09/14/2027<sup>(c)</sup> <br>|  | 130000 | &nbsp;&nbsp; 122142 |
| &nbsp;&nbsp;&nbsp; Terex Corp., 6.25%, <br> 10/15/2032<sup>(c)(f)</sup> <br>|  | 300000 | &nbsp;&nbsp; 300756 |
| &nbsp;&nbsp;&nbsp; Wabtec Corp., 3.45%, <br> 11/15/2026<br>|  | 135000 | &nbsp;&nbsp; 133135 |
|  |  |  | &nbsp;&nbsp; 556033 |
| **Construction Materials–0.10%** | **Construction Materials–0.10%** | **Construction Materials–0.10%** | **Construction Materials–0.10%** |
| &nbsp;&nbsp;&nbsp; Camelot Return Merger Sub, Inc., <br> 8.75%, 08/01/2028<sup>(c)(f)</sup> <br>|  | 277000 | &nbsp;&nbsp; 254084 |
| &nbsp;&nbsp;&nbsp; Smyrna Ready Mix Concrete LLC, <br> 8.88%, 11/15/2031<sup>(f)</sup> <br>|  | 600000 | &nbsp;&nbsp; 631990 |
|  |  |  | &nbsp;&nbsp; 886074 |
| **Consumer Electronics–0.01%** | **Consumer Electronics–0.01%** | **Consumer Electronics–0.01%** | **Consumer Electronics–0.01%** |
| &nbsp;&nbsp;&nbsp; Tyco Electronics Group S.A. <br> (Switzerland), 3.13%, <br> 08/15/2027<br>|  | 75000 | &nbsp;&nbsp; 73269 |
| **Consumer Finance–0.68%** | **Consumer Finance–0.68%** | **Consumer Finance–0.68%** | **Consumer Finance–0.68%** |
| Ally Financial, Inc., | Ally Financial, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 6.99%, 06/13/2029<sup>(g)</sup> <br>|  | 500000 | &nbsp;&nbsp; 525891 |
| &nbsp;&nbsp;&nbsp; 6.85%, 01/03/2030<sup>(g)</sup> <br>|  | 100000 | &nbsp;&nbsp; 105458 |
| American Express Co., | American Express Co., |  |  |
| &nbsp;&nbsp;&nbsp; 1.65%, 11/04/2026 |  | 330000 | &nbsp;&nbsp; 319078 |
| &nbsp;&nbsp;&nbsp; 3.30%, 05/03/2027 |  | 130000 | &nbsp;&nbsp; 127823 |
| Capital One N.A., | Capital One N.A., |  |  |
| &nbsp;&nbsp;&nbsp; 3.45%, 07/27/2026 |  | 550000 | &nbsp;&nbsp; 544399 |
| &nbsp;&nbsp;&nbsp; 4.65%, 09/13/2028 |  | 500000 | &nbsp;&nbsp; 502490 |
| General Motors Financial Co., Inc., | General Motors Financial Co., Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 2.40%, 10/15/2028<sup>(c)</sup> <br>|  | 230000 | &nbsp;&nbsp; 214843 |
| &nbsp;&nbsp;&nbsp; 5.80%, 01/07/2029<sup>(c)</sup> <br>|  | 500000 | &nbsp;&nbsp; 515671 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Consumer Finance–(continued)** | **Consumer Finance–(continued)** | **Consumer Finance–(continued)** | **Consumer Finance–(continued)** |
| &nbsp;&nbsp;&nbsp; Global Aircraft Leasing Co. Ltd. <br> (Cayman Islands), 8.75%, <br> 09/01/2027<sup>(f)</sup> <br>|  | $450000 | &nbsp;&nbsp; $465249 |
| goeasy Ltd. (Canada), | goeasy Ltd. (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 7.63%, 07/01/2029<sup>(c)(f)</sup> <br>|  | 300000 | &nbsp;&nbsp; 309166 |
| &nbsp;&nbsp;&nbsp; 7.38%, 10/01/2030<sup>(c)(f)</sup> <br>|  | 450000 | &nbsp;&nbsp; 459267 |
| Navient Corp., | Navient Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/2027 |  | 210000 | &nbsp;&nbsp; 207851 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/15/2029<sup>(c)</sup> <br>|  | 160000 | &nbsp;&nbsp; 156659 |
| &nbsp;&nbsp;&nbsp; 9.38%, 07/25/2030<sup>(c)</sup> <br>|  | 250000 | &nbsp;&nbsp; 273443 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/01/2033<sup>(c)</sup> <br>|  | 290000 | &nbsp;&nbsp; 261570 |
| &nbsp;&nbsp;&nbsp; OneMain Finance Corp., 3.50%, <br> 01/15/2027<br>|  | 635000 | &nbsp;&nbsp; 620095 |
| &nbsp;&nbsp;&nbsp; PRA Group, Inc., 8.38%, <br> 02/01/2028<sup>(f)</sup> <br>|  | 441000 | &nbsp;&nbsp; 451545 |
|  |  |  | &nbsp;&nbsp; 6060498 |
| **Data Processing & Outsourced Services–0.12%** | **Data Processing & Outsourced Services–0.12%** | **Data Processing & Outsourced Services–0.12%** | **Data Processing & Outsourced Services–0.12%** |
| &nbsp;&nbsp;&nbsp; CDW LLC/CDW Finance Corp., <br> 5.10%, 03/01/2030<br>|  | 300000 | &nbsp;&nbsp; 302431 |
| Concentrix Corp., | Concentrix Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 6.65%, 08/02/2026<sup>(c)</sup> <br>|  | 230000 | &nbsp;&nbsp; 233791 |
| &nbsp;&nbsp;&nbsp; 6.60%, 08/02/2028<sup>(c)</sup> <br>|  | 500000 | &nbsp;&nbsp; 523704 |
|  |  |  | &nbsp;&nbsp; 1059926 |
| **Distillers & Vintners–0.03%** | **Distillers & Vintners–0.03%** | **Distillers & Vintners–0.03%** | **Distillers & Vintners–0.03%** |
| &nbsp;&nbsp;&nbsp; Constellation Brands, Inc., 3.70%, <br> 12/06/2026<br>|  | 117000 | &nbsp;&nbsp; 115829 |
| &nbsp;&nbsp;&nbsp; Diageo Capital PLC (United <br> Kingdom), 2.38%, 10/24/2029<br>|  | 200000 | &nbsp;&nbsp; 185219 |
|  |  |  | &nbsp;&nbsp; 301048 |
| **Distributors–0.03%** | **Distributors–0.03%** | **Distributors–0.03%** | **Distributors–0.03%** |
| &nbsp;&nbsp;&nbsp; Resideo Funding, Inc., 4.00%, <br> 09/01/2029<sup>(c)(f)</sup> <br>|  | 250000 | &nbsp;&nbsp; 234041 |
| **Diversified Banks–1.84%** | **Diversified Banks–1.84%** | **Diversified Banks–1.84%** | **Diversified Banks–1.84%** |
| &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria <br> S.A. (Spain), 5.38%, <br> 03/13/2029<sup>(c)</sup> <br>|  | 200000 | &nbsp;&nbsp; 205610 |
| &nbsp;&nbsp;&nbsp; Banco Santander S.A. (Spain), <br> 5.57%, 01/17/2030<br>|  | 600000 | &nbsp;&nbsp; 620717 |
| Bank of America Corp., | Bank of America Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 1.73%, 07/22/2027<sup>(g)</sup> <br>|  | 630000 | &nbsp;&nbsp; 612780 |
| &nbsp;&nbsp;&nbsp; 5.93%, 09/15/2027<sup>(c)(g)</sup> <br>|  | 300000 | &nbsp;&nbsp; 304567 |
| &nbsp;&nbsp;&nbsp; 3.71%, 04/24/2028<sup>(g)</sup> <br>|  | 230000 | &nbsp;&nbsp; 227002 |
| &nbsp;&nbsp;&nbsp; 3.59%, 07/21/2028<sup>(g)</sup> <br>|  | 170000 | &nbsp;&nbsp; 167316 |
| &nbsp;&nbsp;&nbsp; 3.42%, 12/20/2028<sup>(g)</sup> <br>|  | 460000 | &nbsp;&nbsp; 449258 |
| &nbsp;&nbsp;&nbsp; 4.27%, 07/23/2029<sup>(g)</sup> <br>|  | 570000 | &nbsp;&nbsp; 567987 |
| &nbsp;&nbsp;&nbsp; Series L, 4.18%, 11/25/2027 |  | 100000 | &nbsp;&nbsp; 99476 |
| &nbsp;&nbsp;&nbsp; Bank of Nova Scotia (The) (Canada), <br> 5.45%, 08/01/2029<br>|  | 400000 | &nbsp;&nbsp; 414653 |
| Citigroup, Inc., | Citigroup, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 3.20%, 10/21/2026 |  | 200000 | &nbsp;&nbsp; 196977 |
| &nbsp;&nbsp;&nbsp; 1.46%, 06/09/2027<sup>(c)(g)</sup> <br>|  | 140000 | &nbsp;&nbsp; 136237 |
| &nbsp;&nbsp;&nbsp; 3.98%, 03/20/2030<sup>(g)</sup> <br>|  | 300000 | &nbsp;&nbsp; 293705 |
| Comerica, Inc., | Comerica, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/01/2029<sup>(c)</sup> <br>|  | 500000 | &nbsp;&nbsp; 488625 |
| &nbsp;&nbsp;&nbsp; 5.98%, 01/30/2030<sup>(g)</sup> <br>|  | 150000 | &nbsp;&nbsp; 154269 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Multi-Asset Income Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** |
| HSBC Holdings PLC (United Kingdom), | HSBC Holdings PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp; 5.21%, 08/11/2028<sup>(g)</sup> <br>|  | $600000 | &nbsp;&nbsp; $607289 |
| &nbsp;&nbsp;&nbsp; 4.58%, 06/19/2029<sup>(g)</sup> <br>|  | 800000 | &nbsp;&nbsp; 799161 |
| &nbsp;&nbsp;&nbsp; 2.21%, 08/17/2029<sup>(g)</sup> <br>|  | 400000 | &nbsp;&nbsp; 372470 |
| &nbsp;&nbsp;&nbsp; 5.55%, 03/04/2030<sup>(g)</sup> <br>|  | 200000 | &nbsp;&nbsp; 205777 |
| Huntington National Bank (The), | Huntington National Bank (The), |  |  |
| &nbsp;&nbsp;&nbsp; 4.55%, 05/17/2028<sup>(c)(g)</sup> <br>|  | 250000 | &nbsp;&nbsp; 250352 |
| &nbsp;&nbsp;&nbsp; 5.65%, 01/10/2030<sup>(c)</sup> <br>|  | 250000 | &nbsp;&nbsp; 259026 |
| JPMorgan Chase & Co., | JPMorgan Chase & Co., |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/01/2027 |  | 75000 | &nbsp;&nbsp; 75059 |
| &nbsp;&nbsp;&nbsp; 2.18%, 06/01/2028<sup>(c)(g)</sup> <br>|  | 75000 | &nbsp;&nbsp; 72075 |
| &nbsp;&nbsp;&nbsp; 3.70%, 05/06/2030<sup>(g)</sup> <br>|  | 300000 | &nbsp;&nbsp; 291812 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/22/2030<sup>(g)</sup> <br>|  | 200000 | &nbsp;&nbsp; 203433 |
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC (United <br> Kingdom), 5.46%, <br> 01/05/2028<sup>(g)</sup> <br>|  | 200000 | &nbsp;&nbsp; 202242 |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. <br> (Japan), 3.29%, 07/25/2027<br>|  | 60000 | &nbsp;&nbsp; 58878 |
| Mizuho Financial Group, Inc. (Japan), | Mizuho Financial Group, Inc. (Japan), |  |  |
| &nbsp;&nbsp;&nbsp; 3.17%, 09/11/2027 |  | 230000 | &nbsp;&nbsp; 224539 |
| &nbsp;&nbsp;&nbsp; 5.67%, 05/27/2029<sup>(g)</sup> <br>|  | 920000 | &nbsp;&nbsp; 947896 |
| &nbsp;&nbsp;&nbsp; 5.78%, 07/06/2029<sup>(g)</sup> <br>|  | 400000 | &nbsp;&nbsp; 413681 |
| Morgan Stanley Bank N.A., | Morgan Stanley Bank N.A., |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/30/2026 |  | 250000 | &nbsp;&nbsp; 254602 |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/14/2028<sup>(g)</sup> <br>|  | 350000 | &nbsp;&nbsp; 352119 |
| National Australia Bank Ltd. (Australia), | National Australia Bank Ltd. (Australia), |  |  |
| &nbsp;&nbsp;&nbsp; 4.94%, 01/12/2028 |  | 250000 | &nbsp;&nbsp; 254348 |
| &nbsp;&nbsp;&nbsp; 4.79%, 01/10/2029<sup>(c)</sup> <br>|  | 800000 | &nbsp;&nbsp; 816008 |
| &nbsp;&nbsp;&nbsp; NatWest Group PLC (United <br> Kingdom), 5.52%, <br> 09/30/2028<sup>(g)</sup> <br>|  | 230000 | &nbsp;&nbsp; 234531 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc. <br> (Japan), | &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc. <br> (Japan), |  |  |
| &nbsp;&nbsp;&nbsp; 1.40%, 09/17/2026 |  | 460000 | &nbsp;&nbsp; 444619 |
| &nbsp;&nbsp;&nbsp; 3.35%, 10/18/2027<sup>(c)</sup> <br>|  | 230000 | &nbsp;&nbsp; 225223 |
| &nbsp;&nbsp;&nbsp; 5.71%, 01/13/2030<sup>(c)</sup> <br>|  | 400000 | &nbsp;&nbsp; 418173 |
| &nbsp;&nbsp;&nbsp; 2.75%, 01/15/2030 |  | 200000 | &nbsp;&nbsp; 185212 |
| Toronto-Dominion Bank (The) (Canada), | Toronto-Dominion Bank (The) (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 5.16%, 01/10/2028 |  | 100000 | &nbsp;&nbsp; 101779 |
| &nbsp;&nbsp;&nbsp; 5.52%, 07/17/2028 |  | 230000 | &nbsp;&nbsp; 237099 |
| &nbsp;&nbsp;&nbsp; 4.78%, 12/17/2029 |  | 200000 | &nbsp;&nbsp; 202079 |
| U.S. Bancorp, | U.S. Bancorp, |  |  |
| &nbsp;&nbsp;&nbsp; 6.79%, 10/26/2027<sup>(g)</sup> <br>|  | 230000 | &nbsp;&nbsp; 236092 |
| &nbsp;&nbsp;&nbsp; 4.55%, 07/22/2028<sup>(g)</sup> <br>|  | 150000 | &nbsp;&nbsp; 150289 |
| &nbsp;&nbsp;&nbsp; 5.78%, 06/12/2029<sup>(g)</sup> <br>|  | 500000 | &nbsp;&nbsp; 517770 |
| &nbsp;&nbsp;&nbsp; UBS AG (Switzerland), 5.00%, <br> 07/09/2027<br>|  | 400000 | &nbsp;&nbsp; 404876 |
| Wells Fargo & Co., | Wells Fargo & Co., |  |  |
| &nbsp;&nbsp;&nbsp; 3.53%, 03/24/2028<sup>(g)</sup> <br>|  | 160000 | &nbsp;&nbsp; 157491 |
| &nbsp;&nbsp;&nbsp; 4.81%, 07/25/2028<sup>(g)</sup> <br>|  | 100000 | &nbsp;&nbsp; 100567 |
| &nbsp;&nbsp;&nbsp; 6.30%, 10/23/2029<sup>(g)</sup> <br>|  | 300000 | &nbsp;&nbsp; 315755 |
| Westpac Banking Corp. (Australia), | Westpac Banking Corp. (Australia), |  |  |
| &nbsp;&nbsp;&nbsp; 2.70%, 08/19/2026 |  | 460000 | &nbsp;&nbsp; 452369 |
| &nbsp;&nbsp;&nbsp; 3.40%, 01/25/2028<sup>(c)</sup> <br>|  | 105000 | &nbsp;&nbsp; 103202 |
| &nbsp;&nbsp;&nbsp; 1.95%, 11/20/2028<sup>(c)</sup> <br>|  | 400000 | &nbsp;&nbsp; 372175 |
|  |  |  | &nbsp;&nbsp; 16459247 |
| **Diversified Chemicals–0.07%** | **Diversified Chemicals–0.07%** | **Diversified Chemicals–0.07%** | **Diversified Chemicals–0.07%** |
| &nbsp;&nbsp;&nbsp; Chemours Co. (The), 5.38%, <br> 05/15/2027<sup>(c)</sup> <br>|  | 287000 | &nbsp;&nbsp; 281397 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Diversified Chemicals–(continued)** | **Diversified Chemicals–(continued)** | **Diversified Chemicals–(continued)** | **Diversified Chemicals–(continued)** |
| &nbsp;&nbsp;&nbsp; INEOS Finance PLC (Luxembourg), <br> 6.75%, 05/15/2028<sup>(f)</sup> <br>|  | $336000 | &nbsp;&nbsp; $331211 |
|  |  |  | &nbsp;&nbsp; 612608 |
| **Diversified Financial Services–0.28%** | **Diversified Financial Services–0.28%** | **Diversified Financial Services–0.28%** | **Diversified Financial Services–0.28%** |
| &nbsp;&nbsp;&nbsp; Block Financial LLC, 2.50%, <br> 07/15/2028<br>|  | 380000 | &nbsp;&nbsp; 357628 |
| &nbsp;&nbsp;&nbsp; Corebridge Financial, Inc., 3.65%, <br> 04/05/2027<br>|  | 130000 | &nbsp;&nbsp; 128117 |
| &nbsp;&nbsp;&nbsp; GGAM Finance Ltd. (Ireland), <br> 8.00%, 02/15/2027<sup>(f)</sup> <br>|  | 280000 | &nbsp;&nbsp; 288545 |
| &nbsp;&nbsp;&nbsp; Jefferies Finance LLC/JFIN Co-Issuer <br> Corp., 5.00%, 08/15/2028<sup>(f)</sup> <br>|  | 466000 | &nbsp;&nbsp; 449826 |
| &nbsp;&nbsp;&nbsp; Midcap Financial Issuer Trust, <br> 5.63%, 01/15/2030<sup>(f)</sup> <br>|  | 285000 | &nbsp;&nbsp; 267249 |
| &nbsp;&nbsp;&nbsp; Resorts World Las Vegas LLC/RWLV <br> Capital, Inc., 4.63%, <br> 04/06/2031<sup>(f)</sup> <br>|  | 900000 | &nbsp;&nbsp; 746280 |
| &nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC, <br> 5.75%, 06/15/2027<sup>(f)</sup> <br>|  | 250000 | &nbsp;&nbsp; 250187 |
|  |  |  | &nbsp;&nbsp; 2487832 |
| **Diversified Metals & Mining–0.13%** | **Diversified Metals & Mining–0.13%** | **Diversified Metals & Mining–0.13%** | **Diversified Metals & Mining–0.13%** |
| &nbsp;&nbsp;&nbsp; BHP Billiton Finance (USA) Ltd. <br> (Australia), 5.00%, <br> 02/21/2030<br>|  | 200000 | &nbsp;&nbsp; 204902 |
| Mineral Resources Ltd. (Australia), | Mineral Resources Ltd. (Australia), |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 11/01/2027<sup>(f)</sup> <br>|  | 250000 | &nbsp;&nbsp; 254387 |
| &nbsp;&nbsp;&nbsp; 9.25%, 10/01/2028<sup>(c)(f)</sup> <br>|  | 450000 | &nbsp;&nbsp; 470881 |
| &nbsp;&nbsp;&nbsp; Perenti Finance Pty Ltd. (Australia), <br> 7.50%, 04/26/2029<sup>(f)</sup> <br>|  | 200000 | &nbsp;&nbsp; 206914 |
|  |  |  | &nbsp;&nbsp; 1137084 |
| **Diversified Real Estate Activities–0.00%** | **Diversified Real Estate Activities–0.00%** | **Diversified Real Estate Activities–0.00%** | **Diversified Real Estate Activities–0.00%** |
| &nbsp;&nbsp;&nbsp; Five Point Operating Co. L.P./Five <br> Point Capital Corp., 7.88%, <br> 11/15/2025<sup>(f)</sup> <br>|  | 4000 | &nbsp;&nbsp; 4095 |
| **Diversified REITs–0.09%** | **Diversified REITs–0.09%** | **Diversified REITs–0.09%** | **Diversified REITs–0.09%** |
| &nbsp;&nbsp;&nbsp; Global Net Lease, Inc., 4.50%, <br> 09/30/2028<sup>(f)</sup> <br>|  | 160000 | &nbsp;&nbsp; 154029 |
| &nbsp;&nbsp;&nbsp; Global Net Lease, Inc./Global Net <br> Lease Operating Partnership L.P., <br> 3.75%, 12/15/2027<sup>(f)</sup> <br>|  | 160000 | &nbsp;&nbsp; 152647 |
| Highwoods Realty L.P., | Highwoods Realty L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 4.20%, 04/15/2029 |  | 260000 | &nbsp;&nbsp; 252556 |
| &nbsp;&nbsp;&nbsp; 3.05%, 02/15/2030 |  | 300000 | &nbsp;&nbsp; 273275 |
|  |  |  | &nbsp;&nbsp; 832507 |
| **Diversified Support Services–0.08%** | **Diversified Support Services–0.08%** | **Diversified Support Services–0.08%** | **Diversified Support Services–0.08%** |
| &nbsp;&nbsp;&nbsp; Neptune Bidco US, Inc., 9.29%, <br> 04/15/2029<sup>(f)</sup> <br>|  | 750000 | &nbsp;&nbsp; 726563 |
| **Education Services–0.05%** | **Education Services–0.05%** | **Education Services–0.05%** | **Education Services–0.05%** |
| &nbsp;&nbsp;&nbsp; Grand Canyon University, 5.13%, <br> 10/01/2028<br>|  | 500000 | &nbsp;&nbsp; 483811 |
| **Electric Utilities–0.63%** | **Electric Utilities–0.63%** | **Electric Utilities–0.63%** | **Electric Utilities–0.63%** |
| Edison International, | Edison International, |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 03/15/2028 |  | 100000 | &nbsp;&nbsp; 97011 |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/15/2028<sup>(c)</sup> <br>|  | 490000 | &nbsp;&nbsp; 486844 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/2030<sup>(c)</sup> <br>|  | 100000 | &nbsp;&nbsp; 101611 |
| &nbsp;&nbsp;&nbsp; 8.13%, 06/15/2053<sup>(c)(g)</sup> <br>|  | 350000 | &nbsp;&nbsp; 344076 |
| &nbsp;&nbsp;&nbsp; 7.88%, 06/15/2054<sup>(c)(g)</sup> <br>|  | 200000 | &nbsp;&nbsp; 192201 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Multi-Asset Income Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Electric Utilities–(continued)** | **Electric Utilities–(continued)** | **Electric Utilities–(continued)** | **Electric Utilities–(continued)** |
| &nbsp;&nbsp;&nbsp; Entergy Louisiana LLC, 2.40%, <br> 10/01/2026<br>|  | $230000 | &nbsp;&nbsp; $224781 |
| &nbsp;&nbsp;&nbsp; Eversource Energy, 5.95%, <br> 02/01/2029<br>|  | 100000 | &nbsp;&nbsp; 104221 |
| &nbsp;&nbsp;&nbsp; FirstEnergy Corp., Series B, 3.90%, <br> 07/15/2027<br>|  | 230000 | &nbsp;&nbsp; 227264 |
| &nbsp;&nbsp;&nbsp; Fortis, Inc. (Canada), 3.06%, <br> 10/04/2026<br>|  | 190000 | &nbsp;&nbsp; 186367 |
| &nbsp;&nbsp;&nbsp; IPALCO Enterprises, Inc., 4.25%, <br> 05/01/2030<br>|  | 100000 | &nbsp;&nbsp; 95985 |
| &nbsp;&nbsp;&nbsp; National Rural Utilities Cooperative <br> Finance Corp., 4.95%, <br> 02/07/2030<br>|  | 200000 | &nbsp;&nbsp; 203916 |
| Pacific Gas and Electric Co., | Pacific Gas and Electric Co., |  |  |
| &nbsp;&nbsp;&nbsp; 3.30%, 12/01/2027 |  | 300000 | &nbsp;&nbsp; 289857 |
| &nbsp;&nbsp;&nbsp; 3.00%, 06/15/2028 |  | 85000 | &nbsp;&nbsp; 80958 |
| &nbsp;&nbsp;&nbsp; 6.10%, 01/15/2029 |  | 230000 | &nbsp;&nbsp; 237946 |
| &nbsp;&nbsp;&nbsp; Pattern Energy Operations <br> L.P./Pattern Energy Operations, <br> Inc., 4.50%, 08/15/2028<sup>(f)</sup> <br>|  | 210000 | &nbsp;&nbsp; 203759 |
| &nbsp;&nbsp;&nbsp; Public Service Co. of Colorado, <br> 3.70%, 06/15/2028<sup>(c)</sup> <br>|  | 690000 | &nbsp;&nbsp; 679860 |
| &nbsp;&nbsp;&nbsp; System Energy Resources, Inc., <br> 6.00%, 04/15/2028<br>|  | 150000 | &nbsp;&nbsp; 155377 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC, 5.00%, <br> 07/31/2027<sup>(f)</sup> <br>|  | 400000 | &nbsp;&nbsp; 398131 |
| Xcel Energy, Inc., | Xcel Energy, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 3.35%, 12/01/2026 |  | 150000 | &nbsp;&nbsp; 147464 |
| &nbsp;&nbsp;&nbsp; 2.60%, 12/01/2029<sup>(c)</sup> <br>|  | 400000 | &nbsp;&nbsp; 369780 |
| &nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners <br> L.P., | &nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners <br> L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/15/2026<sup>(f)</sup> <br>|  | 550000 | &nbsp;&nbsp; 538395 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/15/2027<sup>(f)</sup> <br>|  | 245000 | &nbsp;&nbsp; 237447 |
|  |  |  | &nbsp;&nbsp; 5603251 |
| **Electrical Components & Equipment–0.12%** | **Electrical Components & Equipment–0.12%** | **Electrical Components & Equipment–0.12%** | **Electrical Components & Equipment–0.12%** |
| &nbsp;&nbsp;&nbsp; Atkore, Inc., 4.25%, <br> 06/01/2031<sup>(c)(f)</sup> <br>|  | 720000 | &nbsp;&nbsp; 665298 |
| &nbsp;&nbsp;&nbsp; Emerson Electric Co., 1.80%, <br> 10/15/2027<br>|  | 240000 | &nbsp;&nbsp; 227825 |
| EnerSys, 4.38%, 12/15/2027<sup>(f)</sup> <br>|  | 160000 | &nbsp;&nbsp; 157355 |
|  |  |  | &nbsp;&nbsp; 1050478 |
| **Electronic Components–0.02%** | **Electronic Components–0.02%** | **Electronic Components–0.02%** | **Electronic Components–0.02%** |
| &nbsp;&nbsp;&nbsp; Sensata Technologies, Inc., 3.75%, <br> 02/15/2031<sup>(f)</sup> <br>|  | 210000 | &nbsp;&nbsp; 191806 |
| **Electronic Manufacturing Services–0.02%** | **Electronic Manufacturing Services–0.02%** | **Electronic Manufacturing Services–0.02%** | **Electronic Manufacturing Services–0.02%** |
| &nbsp;&nbsp;&nbsp; EMRLD Borrower L.P./Emerald <br> Co-Issuer, Inc., 6.75%, <br> 07/15/2031<sup>(c)(f)</sup> <br>|  | 200000 | &nbsp;&nbsp; 206177 |
| **Fertilizers & Agricultural Chemicals–0.09%** | **Fertilizers & Agricultural Chemicals–0.09%** | **Fertilizers & Agricultural Chemicals–0.09%** | **Fertilizers & Agricultural Chemicals–0.09%** |
| &nbsp;&nbsp;&nbsp; Consolidated Energy Finance S.A. <br> (Switzerland), | &nbsp;&nbsp;&nbsp; Consolidated Energy Finance S.A. <br> (Switzerland), |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 10/15/2028<sup>(f)</sup> <br>|  | 370000 | &nbsp;&nbsp; 311681 |
| &nbsp;&nbsp;&nbsp; 12.00%, 02/15/2031<sup>(f)</sup> <br>|  | 300000 | &nbsp;&nbsp; 282275 |
| &nbsp;&nbsp;&nbsp; CVR Partners L.P./CVR Nitrogen <br> Finance Corp., 6.13%, <br> 06/15/2028<sup>(f)</sup> <br>|  | 210000 | &nbsp;&nbsp; 208635 |
|  |  |  | &nbsp;&nbsp; 802591 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Financial Exchanges & Data–0.11%** | **Financial Exchanges & Data–0.11%** | **Financial Exchanges & Data–0.11%** | **Financial Exchanges & Data–0.11%** |
| &nbsp;&nbsp;&nbsp; Intercontinental Exchange, Inc., <br> 4.00%, 09/15/2027<br>|  | $460000 | &nbsp;&nbsp; $458137 |
| S&P Global, Inc., | S&P Global, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 03/01/2027 |  | 305000 | &nbsp;&nbsp; 296600 |
| &nbsp;&nbsp;&nbsp; 2.70%, 03/01/2029 |  | 200000 | &nbsp;&nbsp; 189164 |
|  |  |  | &nbsp;&nbsp; 943901 |
| **Gas Utilities–0.06%** | **Gas Utilities–0.06%** | **Gas Utilities–0.06%** | **Gas Utilities–0.06%** |
| &nbsp;&nbsp;&nbsp; AmeriGas Partners L.P./AmeriGas <br> Finance Corp., 9.38%, <br> 06/01/2028<sup>(f)</sup> <br>|  | 440000 | &nbsp;&nbsp; 453556 |
| &nbsp;&nbsp;&nbsp; Southwest Gas Corp., 5.45%, <br> 03/23/2028<br>|  | 80000 | &nbsp;&nbsp; 81798 |
|  |  |  | &nbsp;&nbsp; 535354 |
| **Health Care Distributors–0.08%** | **Health Care Distributors–0.08%** | **Health Care Distributors–0.08%** | **Health Care Distributors–0.08%** |
| &nbsp;&nbsp;&nbsp; Cencora, Inc., 3.45%, <br> 12/15/2027<br>|  | 500000 | &nbsp;&nbsp; 488909 |
| &nbsp;&nbsp;&nbsp; Owens & Minor, Inc., 6.63%, <br> 04/01/2030<sup>(c)(f)</sup> <br>|  | 300000 | &nbsp;&nbsp; 270421 |
|  |  |  | &nbsp;&nbsp; 759330 |
| **Health Care Equipment–0.11%** | **Health Care Equipment–0.11%** | **Health Care Equipment–0.11%** | **Health Care Equipment–0.11%** |
| &nbsp;&nbsp;&nbsp; Baxter International, Inc., 2.27%, <br> 12/01/2028<sup>(c)</sup> <br>|  | 545000 | &nbsp;&nbsp; 507117 |
| &nbsp;&nbsp;&nbsp; Miter Brands Acquisition Holdco, <br> Inc./MIWD Borrower LLC, 6.75%, <br> 04/01/2032<sup>(f)</sup> <br>|  | 280000 | &nbsp;&nbsp; 286051 |
| &nbsp;&nbsp;&nbsp; Smith & Nephew PLC (United <br> Kingdom), 5.15%, 03/20/2027<br>|  | 230000 | &nbsp;&nbsp; 232440 |
|  |  |  | &nbsp;&nbsp; 1025608 |
| **Health Care Facilities–0.01%** | **Health Care Facilities–0.01%** | **Health Care Facilities–0.01%** | **Health Care Facilities–0.01%** |
| &nbsp;&nbsp;&nbsp; Universal Health Services, Inc., <br> 1.65%, 09/01/2026<br>|  | 134000 | &nbsp;&nbsp; 129367 |
| **Health Care REITs–0.06%** | **Health Care REITs–0.06%** | **Health Care REITs–0.06%** | **Health Care REITs–0.06%** |
| &nbsp;&nbsp;&nbsp; MPT Operating Partnership L.P./MPT <br> Finance Corp., | &nbsp;&nbsp;&nbsp; MPT Operating Partnership L.P./MPT <br> Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/15/2027 |  | 300000 | &nbsp;&nbsp; 275495 |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/01/2029 |  | 300000 | &nbsp;&nbsp; 228330 |
|  |  |  | &nbsp;&nbsp; 503825 |
| **Health Care Services–0.31%** | **Health Care Services–0.31%** | **Health Care Services–0.31%** | **Health Care Services–0.31%** |
| &nbsp;&nbsp;&nbsp; CommonSpirit Health, 6.07%, <br> 11/01/2027<br>|  | 460000 | &nbsp;&nbsp; 475463 |
| &nbsp;&nbsp;&nbsp; Community Health Systems, Inc., <br> 5.25%, 05/15/2030<sup>(f)</sup> <br>|  | 636000 | &nbsp;&nbsp; 556964 |
| CVS Health Corp., | CVS Health Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, 03/25/2028 |  | 500000 | &nbsp;&nbsp; 496818 |
| &nbsp;&nbsp;&nbsp; 6.75%, 12/10/2054<sup>(g)</sup> <br>|  | 300000 | &nbsp;&nbsp; 300999 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/10/2055<sup>(c)(g)</sup> <br>|  | 400000 | &nbsp;&nbsp; 412536 |
| HCA, Inc., 5.63%, 09/01/2028 |  | 150000 | &nbsp;&nbsp; 153948 |
| &nbsp;&nbsp;&nbsp; Prime Healthcare Services, Inc., <br> 9.38%, 09/01/2029<sup>(f)</sup> <br>|  | 400000 | &nbsp;&nbsp; 397858 |
|  |  |  | &nbsp;&nbsp; 2794586 |
| **Health Care Supplies–0.03%** | **Health Care Supplies–0.03%** | **Health Care Supplies–0.03%** | **Health Care Supplies–0.03%** |
| &nbsp;&nbsp;&nbsp; Embecta Corp., 5.00%, <br> 02/15/2030<sup>(c)(f)</sup> <br>|  | 280000 | &nbsp;&nbsp; 254204 |
| **Health Care Technology–0.02%** | **Health Care Technology–0.02%** | **Health Care Technology–0.02%** | **Health Care Technology–0.02%** |
| &nbsp;&nbsp;&nbsp; athenahealth Group, Inc., 6.50%, <br> 02/15/2030<sup>(f)</sup> <br>|  | 200000 | &nbsp;&nbsp; 196770 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Multi-Asset Income Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Home Improvement Retail–0.01%** | **Home Improvement Retail–0.01%** | **Home Improvement Retail–0.01%** | **Home Improvement Retail–0.01%** |
| &nbsp;&nbsp;&nbsp; Home Depot, Inc. (The), 2.50%, <br> 04/15/2027<br>|  | $80000 | &nbsp;&nbsp; $77849 |
| **Homebuilding–0.20%** | **Homebuilding–0.20%** | **Homebuilding–0.20%** | **Homebuilding–0.20%** |
| &nbsp;&nbsp;&nbsp; Beazer Homes USA, Inc., 5.88%, <br> 10/15/2027<sup>(c)</sup> <br>|  | 305000 | &nbsp;&nbsp; 304472 |
| &nbsp;&nbsp;&nbsp; Installed Building Products, Inc., <br> 5.75%, 02/01/2028<sup>(f)</sup> <br>|  | 300000 | &nbsp;&nbsp; 300196 |
| Lennar Corp., 4.75%, 11/29/2027 |  | 60000 | &nbsp;&nbsp; 60169 |
| &nbsp;&nbsp;&nbsp; LGI Homes, Inc., 4.00%, <br> 07/15/2029<sup>(c)(f)</sup> <br>|  | 508000 | &nbsp;&nbsp; 463586 |
| &nbsp;&nbsp;&nbsp; M.D.C. Holdings, Inc., 3.85%, <br> 01/15/2030<sup>(c)</sup> <br>|  | 100000 | &nbsp;&nbsp; 95205 |
| Taylor Morrison Communities, Inc., | Taylor Morrison Communities, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/15/2027<sup>(f)</sup> <br>|  | 500000 | &nbsp;&nbsp; 503983 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/2028<sup>(f)</sup> <br>|  | 100000 | &nbsp;&nbsp; 100917 |
|  |  |  | &nbsp;&nbsp; 1828528 |
| **Hotel & Resort REITs–0.07%** | **Hotel & Resort REITs–0.07%** | **Hotel & Resort REITs–0.07%** | **Hotel & Resort REITs–0.07%** |
| Service Properties Trust, | Service Properties Trust, |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 02/15/2027<sup>(c)</sup> <br>|  | 297000 | &nbsp;&nbsp; 290074 |
| &nbsp;&nbsp;&nbsp; 4.95%, 10/01/2029<sup>(c)</sup> <br>|  | 400000 | &nbsp;&nbsp; 352224 |
|  |  |  | &nbsp;&nbsp; 642298 |
| **Hotels, Resorts & Cruise Lines–0.05%** | **Hotels, Resorts & Cruise Lines–0.05%** | **Hotels, Resorts & Cruise Lines–0.05%** | **Hotels, Resorts & Cruise Lines–0.05%** |
| &nbsp;&nbsp;&nbsp; Booking Holdings, Inc., 3.55%, <br> 03/15/2028<br>|  | 50000 | &nbsp;&nbsp; 49056 |
| &nbsp;&nbsp;&nbsp; Carnival Corp., 6.65%, <br> 01/15/2028<br>|  | 200000 | &nbsp;&nbsp; 206545 |
| &nbsp;&nbsp;&nbsp; Studio City Co. Ltd. (Macau), <br> 7.00%, 02/15/2027<sup>(f)</sup> <br>|  | 200000 | &nbsp;&nbsp; 201487 |
|  |  |  | &nbsp;&nbsp; 457088 |
| **Housewares & Specialties–0.05%** | **Housewares & Specialties–0.05%** | **Housewares & Specialties–0.05%** | **Housewares & Specialties–0.05%** |
| Newell Brands, Inc., | Newell Brands, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 09/15/2027 |  | 200000 | &nbsp;&nbsp; 202190 |
| &nbsp;&nbsp;&nbsp; 6.63%, 09/15/2029 |  | 236000 | &nbsp;&nbsp; 235396 |
|  |  |  | &nbsp;&nbsp; 437586 |
| **Human Resource & Employment Services–0.07%** | **Human Resource & Employment Services–0.07%** | **Human Resource & Employment Services–0.07%** | **Human Resource & Employment Services–0.07%** |
| &nbsp;&nbsp;&nbsp; AMN Healthcare, Inc., 4.00%, <br> 04/15/2029<sup>(c)(f)</sup> <br>|  | 635000 | &nbsp;&nbsp; 583767 |
| **Independent Power Producers & Energy Traders–0.10%** | **Independent Power Producers & Energy Traders–0.10%** | **Independent Power Producers & Energy Traders–0.10%** | **Independent Power Producers & Energy Traders–0.10%** |
| AES Corp. (The), | AES Corp. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 5.45%, 06/01/2028<sup>(c)</sup> <br>|  | 80000 | &nbsp;&nbsp; 81323 |
| &nbsp;&nbsp;&nbsp; 6.95%, 07/15/2055<sup>(g)</sup> <br>|  | 500000 | &nbsp;&nbsp; 483011 |
| &nbsp;&nbsp;&nbsp; Calpine Corp., 4.50%, <br> 02/15/2028<sup>(f)</sup> <br>|  | 300000 | &nbsp;&nbsp; 296926 |
|  |  |  | &nbsp;&nbsp; 861260 |
| **Industrial Conglomerates–0.09%** | **Industrial Conglomerates–0.09%** | **Industrial Conglomerates–0.09%** | **Industrial Conglomerates–0.09%** |
| Honeywell International, Inc., | Honeywell International, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 07/30/2027<sup>(c)</sup> <br>|  | 400000 | &nbsp;&nbsp; 402666 |
| &nbsp;&nbsp;&nbsp; 2.70%, 08/15/2029<sup>(c)</sup> <br>|  | 400000 | &nbsp;&nbsp; 376707 |
|  |  |  | &nbsp;&nbsp; 779373 |
| **Industrial Machinery & Supplies & Components–0.03%** | **Industrial Machinery & Supplies & Components–0.03%** | **Industrial Machinery & Supplies & Components–0.03%** | **Industrial Machinery & Supplies & Components–0.03%** |
| &nbsp;&nbsp;&nbsp; Stanley Black & Decker, Inc., <br> 2.30%, 03/15/2030<sup>(c)</sup> <br>|  | 300000 | &nbsp;&nbsp; 268070 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Insurance Brokers–0.10%** | **Insurance Brokers–0.10%** | **Insurance Brokers–0.10%** | **Insurance Brokers–0.10%** |
| &nbsp;&nbsp;&nbsp; Ardonagh Finco Ltd. (United <br> Kingdom), 7.75%, <br> 02/15/2031<sup>(f)</sup> <br>|  | $610000 | &nbsp;&nbsp; $636555 |
| &nbsp;&nbsp;&nbsp; Marsh & McLennan Cos., Inc., <br> 4.55%, 11/08/2027<sup>(c)</sup> <br>|  | 200000 | &nbsp;&nbsp; 201254 |
| &nbsp;&nbsp;&nbsp; Willis North America, Inc., 4.65%, <br> 06/15/2027<br>|  | 75000 | &nbsp;&nbsp; 75385 |
|  |  |  | &nbsp;&nbsp; 913194 |
| **Integrated Oil & Gas–0.04%** | **Integrated Oil & Gas–0.04%** | **Integrated Oil & Gas–0.04%** | **Integrated Oil & Gas–0.04%** |
| &nbsp;&nbsp;&nbsp; BP Capital Markets America, Inc., <br> 4.87%, 11/25/2029<br>|  | 200000 | &nbsp;&nbsp; 203717 |
| &nbsp;&nbsp;&nbsp; Chevron USA, Inc., 1.02%, <br> 08/12/2027<sup>(c)</sup> <br>|  | 100000 | &nbsp;&nbsp; 94173 |
| &nbsp;&nbsp;&nbsp; Exxon Mobil Corp., 3.29%, <br> 03/19/2027<br>|  | 50000 | &nbsp;&nbsp; 49418 |
|  |  |  | &nbsp;&nbsp; 347308 |
| **Integrated Telecommunication Services–0.14%** | **Integrated Telecommunication Services–0.14%** | **Integrated Telecommunication Services–0.14%** | **Integrated Telecommunication Services–0.14%** |
| Altice France S.A. (France), | Altice France S.A. (France), |  |  |
| &nbsp;&nbsp;&nbsp; 8.13%, 02/01/2027<sup>(f)</sup> <br>|  | 353000 | &nbsp;&nbsp; 327412 |
| &nbsp;&nbsp;&nbsp; 5.13%, 07/15/2029<sup>(f)</sup> <br>|  | 551000 | &nbsp;&nbsp; 478505 |
| &nbsp;&nbsp;&nbsp; British Telecommunications PLC <br> (United Kingdom), 5.13%, <br> 12/04/2028<br>|  | 400000 | &nbsp;&nbsp; 406993 |
|  |  |  | &nbsp;&nbsp; 1212910 |
| **Interactive Media & Services–0.14%** | **Interactive Media & Services–0.14%** | **Interactive Media & Services–0.14%** | **Interactive Media & Services–0.14%** |
| &nbsp;&nbsp;&nbsp; Baidu, Inc. (China), 4.38%, <br> 03/29/2028<br>|  | 300000 | &nbsp;&nbsp; 299647 |
| WarnerMedia Holdings, Inc., | WarnerMedia Holdings, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.05%, 03/15/2029 |  | 600000 | &nbsp;&nbsp; 563751 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/15/2042 |  | 600000 | &nbsp;&nbsp; 401583 |
|  |  |  | &nbsp;&nbsp; 1264981 |
| **Investment Banking & Brokerage–0.30%** | **Investment Banking & Brokerage–0.30%** | **Investment Banking & Brokerage–0.30%** | **Investment Banking & Brokerage–0.30%** |
| Charles Schwab Corp. (The), | Charles Schwab Corp. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 10/01/2029 |  | 200000 | &nbsp;&nbsp; 187670 |
| &nbsp;&nbsp;&nbsp; 6.20%, 11/17/2029<sup>(g)</sup> <br>|  | 500000 | &nbsp;&nbsp; 527815 |
| Goldman Sachs Group, Inc. (The), | Goldman Sachs Group, Inc. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 3.85%, 01/26/2027<sup>(c)</sup> <br>|  | 125000 | &nbsp;&nbsp; 123973 |
| &nbsp;&nbsp;&nbsp; 1.54%, 09/10/2027<sup>(g)</sup> <br>|  | 140000 | &nbsp;&nbsp; 135315 |
| &nbsp;&nbsp;&nbsp; 1.95%, 10/21/2027<sup>(g)</sup> <br>|  | 375000 | &nbsp;&nbsp; 363214 |
| &nbsp;&nbsp;&nbsp; 3.62%, 03/15/2028<sup>(g)</sup> <br>|  | 105000 | &nbsp;&nbsp; 103469 |
| &nbsp;&nbsp;&nbsp; 2.60%, 02/07/2030 |  | 200000 | &nbsp;&nbsp; 184826 |
| Morgan Stanley, | Morgan Stanley, |  |  |
| &nbsp;&nbsp;&nbsp; 6.30%, 10/18/2028<sup>(g)</sup> <br>|  | 170000 | &nbsp;&nbsp; 176494 |
| &nbsp;&nbsp;&nbsp; 6.41%, 11/01/2029<sup>(g)</sup> <br>|  | 460000 | &nbsp;&nbsp; 485597 |
| Nomura Holdings, Inc. (Japan), | Nomura Holdings, Inc. (Japan), |  |  |
| &nbsp;&nbsp;&nbsp; 1.65%, 07/14/2026 |  | 200000 | &nbsp;&nbsp; 194749 |
| &nbsp;&nbsp;&nbsp; 3.10%, 01/16/2030 |  | 200000 | &nbsp;&nbsp; 186283 |
|  |  |  | &nbsp;&nbsp; 2669405 |
| **IT Consulting & Other Services–0.15%** | **IT Consulting & Other Services–0.15%** | **IT Consulting & Other Services–0.15%** | **IT Consulting & Other Services–0.15%** |
| &nbsp;&nbsp;&nbsp; CGI, Inc. (Canada), 4.95%, <br> 03/14/2030<sup>(f)</sup> <br>|  | 100000 | &nbsp;&nbsp; 101254 |
| &nbsp;&nbsp;&nbsp; Conduent Business Services LLC/<br> Conduent State & Local Solutions, <br> Inc., 6.00%, 11/01/2029<sup>(f)</sup> <br>|  | 193000 | &nbsp;&nbsp; 183572 |
| Kyndryl Holdings, Inc., | Kyndryl Holdings, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 2.05%, 10/15/2026 |  | 200000 | &nbsp;&nbsp; 193872 |
| &nbsp;&nbsp;&nbsp; 2.70%, 10/15/2028<sup>(c)</sup> <br>|  | 920000 | &nbsp;&nbsp; 867284 |
|  |  |  | &nbsp;&nbsp; 1345982 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Multi-Asset Income Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Leisure Facilities–0.07%** | **Leisure Facilities–0.07%** | **Leisure Facilities–0.07%** | **Leisure Facilities–0.07%** |
| &nbsp;&nbsp;&nbsp; NCL Corp. Ltd., 5.88%, <br> 02/15/2027<sup>(f)</sup> <br>|  | $634000 | &nbsp;&nbsp; $636275 |
| **Life & Health Insurance–0.06%** | **Life & Health Insurance–0.06%** | **Life & Health Insurance–0.06%** | **Life & Health Insurance–0.06%** |
| &nbsp;&nbsp;&nbsp; Brighthouse Financial, Inc., 3.70%, <br> 06/22/2027<br>|  | 170000 | &nbsp;&nbsp; 165778 |
| &nbsp;&nbsp;&nbsp; Globe Life, Inc., 4.55%, <br> 09/15/2028<sup>(c)</sup> <br>|  | 400000 | &nbsp;&nbsp; 400072 |
|  |  |  | &nbsp;&nbsp; 565850 |
| **Life Sciences Tools & Services–0.07%** | **Life Sciences Tools & Services–0.07%** | **Life Sciences Tools & Services–0.07%** | **Life Sciences Tools & Services–0.07%** |
| &nbsp;&nbsp;&nbsp; Fortrea Holdings, Inc., 7.50%, <br> 07/01/2030<sup>(c)(f)</sup> <br>|  | 260000 | &nbsp;&nbsp; 238042 |
| IQVIA, Inc., 5.00%, 05/15/2027<sup>(f)</sup> <br>|  | 419000 | &nbsp;&nbsp; 416902 |
|  |  |  | &nbsp;&nbsp; 654944 |
| **Managed Health Care–0.02%** | **Managed Health Care–0.02%** | **Managed Health Care–0.02%** | **Managed Health Care–0.02%** |
| Centene Corp., | Centene Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 07/15/2028 |  | 60000 | &nbsp;&nbsp; 54744 |
| &nbsp;&nbsp;&nbsp; 3.38%, 02/15/2030 |  | 100000 | &nbsp;&nbsp; 90107 |
|  |  |  | &nbsp;&nbsp; 144851 |
| **Marine Transportation–0.03%** | **Marine Transportation–0.03%** | **Marine Transportation–0.03%** | **Marine Transportation–0.03%** |
| &nbsp;&nbsp;&nbsp; Seaspan Corp. (Hong Kong), 5.50%, <br> 08/01/2029<sup>(f)</sup> <br>|  | 276000 | &nbsp;&nbsp; 263053 |
| **Metal, Glass & Plastic Containers–0.08%** | **Metal, Glass & Plastic Containers–0.08%** | **Metal, Glass & Plastic Containers–0.08%** | **Metal, Glass & Plastic Containers–0.08%** |
| LABL, Inc., 5.88%, 11/01/2028<sup>(f)</sup> <br>|  | 266000 | &nbsp;&nbsp; 236473 |
| &nbsp;&nbsp;&nbsp; OI European Group B.V., 4.75%, <br> 02/15/2030<sup>(c)(f)</sup> <br>|  | 480000 | &nbsp;&nbsp; 455309 |
|  |  |  | &nbsp;&nbsp; 691782 |
| **Movies & Entertainment–0.07%** | **Movies & Entertainment–0.07%** | **Movies & Entertainment–0.07%** | **Movies & Entertainment–0.07%** |
| &nbsp;&nbsp;&nbsp; Odeon Finco PLC (United Kingdom), <br> 12.75%, 11/01/2027<sup>(f)</sup> <br>|  | 217000 | &nbsp;&nbsp; 226343 |
| TWDC Enterprises 18 Corp., | TWDC Enterprises 18 Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 1.85%, 07/30/2026 |  | 200000 | &nbsp;&nbsp; 195398 |
| &nbsp;&nbsp;&nbsp; 2.95%, 06/15/2027 |  | 200000 | &nbsp;&nbsp; 196058 |
|  |  |  | &nbsp;&nbsp; 617799 |
| **Multi-Family Residential REITs–0.05%** | **Multi-Family Residential REITs–0.05%** | **Multi-Family Residential REITs–0.05%** | **Multi-Family Residential REITs–0.05%** |
| &nbsp;&nbsp;&nbsp; Mid-America Apartments L.P., <br> 3.60%, 06/01/2027<br>|  | 460000 | &nbsp;&nbsp; 453973 |
| **Multi-line Insurance–0.03%** | **Multi-line Insurance–0.03%** | **Multi-line Insurance–0.03%** | **Multi-line Insurance–0.03%** |
| &nbsp;&nbsp;&nbsp; Acrisure LLC/Acrisure Finance, Inc., <br> 7.50%, 11/06/2030<sup>(f)</sup> <br>|  | 280000 | &nbsp;&nbsp; 289447 |
| **Multi-Utilities–0.12%** | **Multi-Utilities–0.12%** | **Multi-Utilities–0.12%** | **Multi-Utilities–0.12%** |
| &nbsp;&nbsp;&nbsp; Algonquin Power & Utilities Corp. <br> (Canada), 4.75%, <br> 01/18/2082<sup>(g)</sup> <br>|  | 160000 | &nbsp;&nbsp; 155487 |
| Sempra, 3.25%, 06/15/2027 |  | 920000 | &nbsp;&nbsp; 899193 |
|  |  |  | &nbsp;&nbsp; 1054680 |
| **Office REITs–0.08%** | **Office REITs–0.08%** | **Office REITs–0.08%** | **Office REITs–0.08%** |
| &nbsp;&nbsp;&nbsp; Boston Properties L.P., 4.50%, <br> 12/01/2028<sup>(c)</sup> <br>|  | 100000 | &nbsp;&nbsp; 99061 |
| Brandywine Operating Partnership L.P., | Brandywine Operating Partnership L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 8.30%, 03/15/2028<sup>(c)</sup> <br>|  | 420000 | &nbsp;&nbsp; 446030 |
| &nbsp;&nbsp;&nbsp; 8.88%, 04/12/2029 |  | 200000 | &nbsp;&nbsp; 214640 |
|  |  |  | &nbsp;&nbsp; 759731 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Office Services & Supplies–0.10%** | **Office Services & Supplies–0.10%** | **Office Services & Supplies–0.10%** | **Office Services & Supplies–0.10%** |
| &nbsp;&nbsp;&nbsp; ACCO Brands Corp., 4.25%, <br> 03/15/2029<sup>(c)(f)</sup> <br>|  | $620000 | &nbsp;&nbsp; $550217 |
| &nbsp;&nbsp;&nbsp; Steelcase, Inc., 5.13%, <br> 01/18/2029<br>|  | 353000 | &nbsp;&nbsp; 348141 |
|  |  |  | &nbsp;&nbsp; 898358 |
| **Oil & Gas Drilling–0.21%** | **Oil & Gas Drilling–0.21%** | **Oil & Gas Drilling–0.21%** | **Oil & Gas Drilling–0.21%** |
| &nbsp;&nbsp;&nbsp; Harvest Midstream I L.P., 7.50%, <br> 09/01/2028<sup>(f)</sup> <br>|  | 210000 | &nbsp;&nbsp; 212743 |
| &nbsp;&nbsp;&nbsp; Nabors Industries, Inc., 9.13%, <br> 01/31/2030<sup>(c)(f)</sup> <br>|  | 483000 | &nbsp;&nbsp; 478530 |
| &nbsp;&nbsp;&nbsp; Noble Finance II LLC, 8.00%, <br> 04/15/2030<sup>(f)</sup> <br>|  | 610000 | &nbsp;&nbsp; 622713 |
| &nbsp;&nbsp;&nbsp; Rockies Express Pipeline LLC, <br> 7.50%, 07/15/2038<sup>(f)</sup> <br>|  | 366000 | &nbsp;&nbsp; 376870 |
| &nbsp;&nbsp;&nbsp; Valaris Ltd., 8.38%, <br> 04/30/2030<sup>(c)(f)</sup> <br>|  | 210000 | &nbsp;&nbsp; 217098 |
|  |  |  | &nbsp;&nbsp; 1907954 |
| **Oil & Gas Equipment & Services–0.08%** | **Oil & Gas Equipment & Services–0.08%** | **Oil & Gas Equipment & Services–0.08%** | **Oil & Gas Equipment & Services–0.08%** |
| &nbsp;&nbsp;&nbsp; Baker Hughes Holdings LLC/Baker <br> Hughes Co-Obligor, Inc., 3.34%, <br> 12/15/2027<br>|  | 155000 | &nbsp;&nbsp; 151450 |
| &nbsp;&nbsp;&nbsp; Enerflex Ltd. (Canada), 9.00%, <br> 10/15/2027<sup>(f)</sup> <br>|  | 320000 | &nbsp;&nbsp; 330646 |
| &nbsp;&nbsp;&nbsp; TGS ASA (Norway), 8.50%, <br> 01/15/2030<sup>(f)</sup> <br>|  | 260000 | &nbsp;&nbsp; 265874 |
|  |  |  | &nbsp;&nbsp; 747970 |
| **Oil & Gas Exploration & Production–0.45%** | **Oil & Gas Exploration & Production–0.45%** | **Oil & Gas Exploration & Production–0.45%** | **Oil & Gas Exploration & Production–0.45%** |
| &nbsp;&nbsp;&nbsp; Baytex Energy Corp. (Canada), <br> 8.50%, 04/30/2030<sup>(c)(f)</sup> <br>|  | 605000 | &nbsp;&nbsp; 616198 |
| &nbsp;&nbsp;&nbsp; California Resources Corp., 8.25%, <br> 06/15/2029<sup>(f)</sup> <br>|  | 310000 | &nbsp;&nbsp; 318722 |
| &nbsp;&nbsp;&nbsp; Civitas Resources, Inc., 8.75%, <br> 07/01/2031<sup>(c)(f)</sup> <br>|  | 600000 | &nbsp;&nbsp; 608153 |
| &nbsp;&nbsp;&nbsp; ConocoPhillips Co., 4.70%, <br> 01/15/2030<br>|  | 200000 | &nbsp;&nbsp; 202225 |
| &nbsp;&nbsp;&nbsp; Crescent Energy Finance LLC, <br> 7.63%, 04/01/2032<sup>(c)(f)</sup> <br>|  | 300000 | &nbsp;&nbsp; 293416 |
| Hilcorp Energy I L.P./Hilcorp Finance Co., | Hilcorp Energy I L.P./Hilcorp Finance Co., |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 02/01/2029<sup>(f)</sup> <br>|  | 210000 | &nbsp;&nbsp; 206460 |
| &nbsp;&nbsp;&nbsp; 8.38%, 11/01/2033<sup>(f)</sup> <br>|  | 500000 | &nbsp;&nbsp; 522236 |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/2034<sup>(f)</sup> <br>|  | 200000 | &nbsp;&nbsp; 192767 |
| &nbsp;&nbsp;&nbsp; Northern Oil and Gas, Inc., 8.13%, <br> 03/01/2028<sup>(c)(f)</sup> <br>|  | 630000 | &nbsp;&nbsp; 636687 |
| &nbsp;&nbsp;&nbsp; SM Energy Co., 6.75%, <br> 08/01/2029<sup>(f)</sup> <br>|  | 300000 | &nbsp;&nbsp; 300498 |
| &nbsp;&nbsp;&nbsp; Woodside Finance Ltd. (Australia), <br> 5.40%, 05/19/2030<br>|  | 100000 | &nbsp;&nbsp; 101444 |
|  |  |  | &nbsp;&nbsp; 3998806 |
| **Oil & Gas Refining & Marketing–0.11%** | **Oil & Gas Refining & Marketing–0.11%** | **Oil & Gas Refining & Marketing–0.11%** | **Oil & Gas Refining & Marketing–0.11%** |
| &nbsp;&nbsp;&nbsp; NuStar Logistics L.P., 5.63%, <br> 04/28/2027<br>|  | 555000 | &nbsp;&nbsp; 558204 |
| &nbsp;&nbsp;&nbsp; PBF Holding Co. LLC/PBF Finance <br> Corp., 7.88%, 09/15/2030<sup>(c)(f)</sup> <br>|  | 260000 | &nbsp;&nbsp; 237386 |
| &nbsp;&nbsp;&nbsp; Valero Energy Corp., 5.15%, <br> 02/15/2030<br>|  | 200000 | &nbsp;&nbsp; 203632 |
|  |  |  | &nbsp;&nbsp; 999222 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Multi-Asset Income Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Oil & Gas Storage & Transportation–0.41%** | **Oil & Gas Storage & Transportation–0.41%** | **Oil & Gas Storage & Transportation–0.41%** | **Oil & Gas Storage & Transportation–0.41%** |
| &nbsp;&nbsp;&nbsp; Cheniere Corpus Christi <br> Holdings LLC, 5.13%, <br> 06/30/2027<sup>(c)</sup> <br>|  | $125000 | &nbsp;&nbsp; $125908 |
| Enbridge, Inc. (Canada), | Enbridge, Inc. (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 12/01/2026<sup>(c)</sup> <br>|  | 230000 | &nbsp;&nbsp; 229310 |
| &nbsp;&nbsp;&nbsp; 5.30%, 04/05/2029 |  | 200000 | &nbsp;&nbsp; 204534 |
| Energy Transfer L.P., | Energy Transfer L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 03/15/2027 |  | 60000 | &nbsp;&nbsp; 59827 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/01/2027 |  | 50000 | &nbsp;&nbsp; 50727 |
| &nbsp;&nbsp;&nbsp; 4.95%, 06/15/2028 |  | 230000 | &nbsp;&nbsp; 232475 |
| Enterprise Products Operating LLC, | Enterprise Products Operating LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 07/31/2029 |  | 400000 | &nbsp;&nbsp; 381709 |
| &nbsp;&nbsp;&nbsp; 2.80%, 01/31/2030 |  | 300000 | &nbsp;&nbsp; 280229 |
| &nbsp;&nbsp;&nbsp; ITT Holdings LLC, 6.50%, <br> 08/01/2029<sup>(f)</sup> <br>|  | 417000 | &nbsp;&nbsp; 397574 |
| &nbsp;&nbsp;&nbsp; NGL Energy Operating LLC/NGL <br> Energy Finance Corp., 8.13%, <br> 02/15/2029<sup>(f)</sup> <br>|  | 200000 | &nbsp;&nbsp; 198111 |
| ONEOK, Inc., 5.65%, 11/01/2028 |  | 100000 | &nbsp;&nbsp; 103195 |
| &nbsp;&nbsp;&nbsp; Tallgrass Energy Partners <br> L.P./Tallgrass Energy Finance <br> Corp., 5.50%, 01/15/2028<sup>(f)</sup> <br>|  | 210000 | &nbsp;&nbsp; 208290 |
| &nbsp;&nbsp;&nbsp; TransCanada PipeLines Ltd. <br> (Canada), 4.25%, 05/15/2028<br>|  | 300000 | &nbsp;&nbsp; 298255 |
| Venture Global LNG, Inc., | Venture Global LNG, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 8.13%, 06/01/2028<sup>(f)</sup> <br>|  | 200000 | &nbsp;&nbsp; 207197 |
| &nbsp;&nbsp;&nbsp; 8.38%, 06/01/2031<sup>(c)(f)</sup> <br>|  | 246000 | &nbsp;&nbsp; 254619 |
| &nbsp;&nbsp;&nbsp; 9.88%, 02/01/2032<sup>(c)(f)</sup> <br>|  | 400000 | &nbsp;&nbsp; 431827 |
|  |  |  | &nbsp;&nbsp; 3663787 |
| **Other Specialized REITs–0.05%** | **Other Specialized REITs–0.05%** | **Other Specialized REITs–0.05%** | **Other Specialized REITs–0.05%** |
| EPR Properties, | EPR Properties, |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 12/15/2026 |  | 75000 | &nbsp;&nbsp; 74804 |
| &nbsp;&nbsp;&nbsp; 3.75%, 08/15/2029 |  | 200000 | &nbsp;&nbsp; 190073 |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc., 4.88%, <br> 09/15/2027<sup>(f)</sup> <br>|  | 168000 | &nbsp;&nbsp; 166830 |
|  |  |  | &nbsp;&nbsp; 431707 |
| **Other Specialty Retail–0.10%** | **Other Specialty Retail–0.10%** | **Other Specialty Retail–0.10%** | **Other Specialty Retail–0.10%** |
| &nbsp;&nbsp;&nbsp; Bath & Body Works, Inc., 6.69%, <br> 01/15/2027<br>|  | 490000 | &nbsp;&nbsp; 502894 |
| &nbsp;&nbsp;&nbsp; PetSmart, Inc./PetSmart Finance <br> Corp., 7.75%, 02/15/2029<sup>(f)</sup> <br>|  | 372000 | &nbsp;&nbsp; 364518 |
|  |  |  | &nbsp;&nbsp; 867412 |
| **Packaged Foods & Meats–0.16%** | **Packaged Foods & Meats–0.16%** | **Packaged Foods & Meats–0.16%** | **Packaged Foods & Meats–0.16%** |
| &nbsp;&nbsp;&nbsp; B&G Foods, Inc., 8.00%, <br> 09/15/2028<sup>(c)(f)</sup> <br>|  | 600000 | &nbsp;&nbsp; 561751 |
| &nbsp;&nbsp;&nbsp; Conagra Brands, Inc., 1.38%, <br> 11/01/2027<br>|  | 300000 | &nbsp;&nbsp; 278814 |
| &nbsp;&nbsp;&nbsp; McCormick & Co., Inc., 3.40%, <br> 08/15/2027<br>|  | 230000 | &nbsp;&nbsp; 225743 |
| &nbsp;&nbsp;&nbsp; TKC Holdings, Inc., 6.88%, <br> 05/15/2028<sup>(c)(f)</sup> <br>|  | 330000 | &nbsp;&nbsp; 330127 |
|  |  |  | &nbsp;&nbsp; 1396435 |
| **Paper & Plastic Packaging Products & Materials–0.07%** | **Paper & Plastic Packaging Products & Materials–0.07%** | **Paper & Plastic Packaging Products & Materials–0.07%** | **Paper & Plastic Packaging Products & Materials–0.07%** |
| &nbsp;&nbsp;&nbsp; Cascades, Inc./Cascades USA, Inc. <br> (Canada), 5.38%, <br> 01/15/2028<sup>(f)</sup> <br>|  | 210000 | &nbsp;&nbsp; 205530 |
| &nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, <br> Inc., 6.75%, 04/15/2032<sup>(f)</sup> <br>|  | 200000 | &nbsp;&nbsp; 204997 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Paper & Plastic Packaging Products & Materials–(continued)** | **Paper & Plastic Packaging Products & Materials–(continued)** | **Paper & Plastic Packaging Products & Materials–(continued)** | **Paper & Plastic Packaging Products & Materials–(continued)** |
| &nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding <br> Co., 9.25%, 04/15/2027<sup>(f)</sup> <br>|  | $205000 | &nbsp;&nbsp; $203092 |
|  |  |  | &nbsp;&nbsp; 613619 |
| **Paper Products–0.05%** | **Paper Products–0.05%** | **Paper Products–0.05%** | **Paper Products–0.05%** |
| &nbsp;&nbsp;&nbsp; Domtar Corp., 6.75%, <br> 10/01/2028<sup>(c)(f)</sup> <br>|  | 480000 | &nbsp;&nbsp; 418589 |
| **Passenger Airlines–0.21%** | **Passenger Airlines–0.21%** | **Passenger Airlines–0.21%** | **Passenger Airlines–0.21%** |
| &nbsp;&nbsp;&nbsp; Allegiant Travel Co., 7.25%, <br> 08/15/2027<sup>(c)(f)</sup> <br>|  | 410000 | &nbsp;&nbsp; 410147 |
| &nbsp;&nbsp;&nbsp; American Airlines, Inc., 7.25%, <br> 02/15/2028<sup>(c)(f)</sup> <br>|  | 630000 | &nbsp;&nbsp; 643456 |
| &nbsp;&nbsp;&nbsp; JetBlue Airways Corp./JetBlue <br> Loyalty L.P., 9.88%, <br> 09/20/2031<sup>(c)(f)</sup> <br>|  | 300000 | &nbsp;&nbsp; 290304 |
| Southwest Airlines Co., | Southwest Airlines Co., |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 11/15/2026 |  | 380000 | &nbsp;&nbsp; 371758 |
| &nbsp;&nbsp;&nbsp; 3.45%, 11/16/2027<sup>(c)</sup> <br>|  | 125000 | &nbsp;&nbsp; 121491 |
| &nbsp;&nbsp;&nbsp; United Airlines Pass-Through Trust, <br> Series 2020-1, Class A, 5.88%, <br> 10/15/2027<br>|  | 73755 | &nbsp;&nbsp; 75223 |
|  |  |  | &nbsp;&nbsp; 1912379 |
| **Personal Care Products–0.04%** | **Personal Care Products–0.04%** | **Personal Care Products–0.04%** | **Personal Care Products–0.04%** |
| Estee Lauder Cos., Inc. (The), | Estee Lauder Cos., Inc. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 2.38%, 12/01/2029 |  | 200000 | &nbsp;&nbsp; 184078 |
| &nbsp;&nbsp;&nbsp; 2.60%, 04/15/2030<sup>(c)</sup> <br>|  | 200000 | &nbsp;&nbsp; 183778 |
|  |  |  | &nbsp;&nbsp; 367856 |
| **Pharmaceuticals–0.25%** | **Pharmaceuticals–0.25%** | **Pharmaceuticals–0.25%** | **Pharmaceuticals–0.25%** |
| &nbsp;&nbsp;&nbsp; AstraZeneca PLC (United Kingdom), <br> 4.00%, 01/17/2029<br>|  | 920000 | &nbsp;&nbsp; 912589 |
| Bristol-Myers Squibb Co., | Bristol-Myers Squibb Co., |  |  |
| &nbsp;&nbsp;&nbsp; 3.45%, 11/15/2027<sup>(c)</sup> <br>|  | 230000 | &nbsp;&nbsp; 226851 |
| &nbsp;&nbsp;&nbsp; 3.90%, 02/20/2028<sup>(c)</sup> <br>|  | 680000 | &nbsp;&nbsp; 675068 |
| &nbsp;&nbsp;&nbsp; Organon & Co./Organon Foreign Debt <br> Co-Issuer B.V., | &nbsp;&nbsp;&nbsp; Organon & Co./Organon Foreign Debt <br> Co-Issuer B.V., |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/30/2028<sup>(c)(f)</sup> <br>|  | 200000 | &nbsp;&nbsp; 189435 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/2034<sup>(f)</sup> <br>|  | 200000 | &nbsp;&nbsp; 188846 |
| Viatris, Inc., 2.30%, 06/22/2027 |  | 85000 | &nbsp;&nbsp; 80918 |
|  |  |  | &nbsp;&nbsp; 2273707 |
| **Property & Casualty Insurance–0.01%** | **Property & Casualty Insurance–0.01%** | **Property & Casualty Insurance–0.01%** | **Property & Casualty Insurance–0.01%** |
| &nbsp;&nbsp;&nbsp; Fairfax Financial Holdings Ltd. <br> (Canada), 4.85%, 04/17/2028<br>|  | 75000 | &nbsp;&nbsp; 75462 |
| **Rail Transportation–0.03%** | **Rail Transportation–0.03%** | **Rail Transportation–0.03%** | **Rail Transportation–0.03%** |
| CSX Corp., 3.25%, 06/01/2027 |  | 230000 | &nbsp;&nbsp; 225688 |
| **Real Estate Services–0.08%** | **Real Estate Services–0.08%** | **Real Estate Services–0.08%** | **Real Estate Services–0.08%** |
| &nbsp;&nbsp;&nbsp; Anywhere Real Estate <br> Group LLC/Anywhere Co-Issuer <br> Corp., 7.00%, 04/15/2030<sup>(c)(f)</sup> <br>|  | 614254 | &nbsp;&nbsp; 588816 |
| &nbsp;&nbsp;&nbsp; Newmark Group, Inc., 7.50%, <br> 01/12/2029<br>|  | 160000 | &nbsp;&nbsp; 169961 |
|  |  |  | &nbsp;&nbsp; 758777 |
| **Regional Banks–0.25%** | **Regional Banks–0.25%** | **Regional Banks–0.25%** | **Regional Banks–0.25%** |
| &nbsp;&nbsp;&nbsp; F.N.B. Corp., 5.72%, <br> 12/11/2030<sup>(g)</sup> <br>|  | 100000 | &nbsp;&nbsp; 100730 |
| &nbsp;&nbsp;&nbsp; M&T Bank Corp., 7.41%, <br> 10/30/2029<sup>(g)</sup> <br>|  | 500000 | &nbsp;&nbsp; 541305 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Multi-Asset Income Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Regional Banks–(continued)** | **Regional Banks–(continued)** | **Regional Banks–(continued)** | **Regional Banks–(continued)** |
| Santander Holdings USA, Inc., | Santander Holdings USA, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 2.49%, 01/06/2028<sup>(c)(g)</sup> <br>|  | $100000 | &nbsp;&nbsp; $96929 |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/09/2029<sup>(c)(g)</sup> <br>|  | 380000 | &nbsp;&nbsp; 395717 |
| &nbsp;&nbsp;&nbsp; 6.17%, 01/09/2030<sup>(c)(g)</sup> <br>|  | 200000 | &nbsp;&nbsp; 208434 |
| &nbsp;&nbsp;&nbsp; Synovus Financial Corp., 6.17%, <br> 11/01/2030<sup>(g)</sup> <br>|  | 100000 | &nbsp;&nbsp; 102870 |
| Truist Financial Corp., | Truist Financial Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.12%, 06/06/2028<sup>(g)</sup> <br>|  | 300000 | &nbsp;&nbsp; 298592 |
| &nbsp;&nbsp;&nbsp; 4.87%, 01/26/2029<sup>(c)(g)</sup> <br>|  | 100000 | &nbsp;&nbsp; 100926 |
| &nbsp;&nbsp;&nbsp; 7.16%, 10/30/2029<sup>(g)</sup> <br>|  | 400000 | &nbsp;&nbsp; 431862 |
|  |  |  | &nbsp;&nbsp; 2277365 |
| **Reinsurance–0.06%** | **Reinsurance–0.06%** | **Reinsurance–0.06%** | **Reinsurance–0.06%** |
| &nbsp;&nbsp;&nbsp; Axis Specialty Finance PLC, 4.00%, <br> 12/06/2027<br>|  | 200000 | &nbsp;&nbsp; 197165 |
| &nbsp;&nbsp;&nbsp; Global Atlantic (Fin) Co., 4.70%, <br> 10/15/2051<sup>(f)(g)</sup> <br>|  | 320000 | &nbsp;&nbsp; 313307 |
|  |  |  | &nbsp;&nbsp; 510472 |
| **Research & Consulting Services–0.08%** | **Research & Consulting Services–0.08%** | **Research & Consulting Services–0.08%** | **Research & Consulting Services–0.08%** |
| &nbsp;&nbsp;&nbsp; Clarivate Science Holdings Corp., <br> 3.88%, 07/01/2028<sup>(f)</sup> <br>|  | 300000 | &nbsp;&nbsp; 287013 |
| KBR, Inc., 4.75%, 09/30/2028<sup>(c)(f)</sup> <br>|  | 400000 | &nbsp;&nbsp; 386708 |
|  |  |  | &nbsp;&nbsp; 673721 |
| **Restaurants–0.05%** | **Restaurants–0.05%** | **Restaurants–0.05%** | **Restaurants–0.05%** |
| &nbsp;&nbsp;&nbsp; Darden Restaurants, Inc., 3.85%, <br> 05/01/2027<sup>(c)</sup> <br>|  | 460000 | &nbsp;&nbsp; 455003 |
| **Retail REITs–0.07%** | **Retail REITs–0.07%** | **Retail REITs–0.07%** | **Retail REITs–0.07%** |
| &nbsp;&nbsp;&nbsp; Brookfield Property REIT, Inc./BPR <br> Cumulus LLC/BPR Nimbus LLC/<br> GGSI Sellco LLC, 4.50%, <br> 04/01/2027<sup>(f)</sup> <br>|  | 239000 | &nbsp;&nbsp; 232365 |
| &nbsp;&nbsp;&nbsp; Kite Realty Group L.P., 4.00%, <br> 10/01/2026<sup>(c)</sup> <br>|  | 400000 | &nbsp;&nbsp; 396417 |
|  |  |  | &nbsp;&nbsp; 628782 |
| **Security & Alarm Services–0.02%** | **Security & Alarm Services–0.02%** | **Security & Alarm Services–0.02%** | **Security & Alarm Services–0.02%** |
| &nbsp;&nbsp;&nbsp; CoreCivic, Inc., 4.75%, <br> 10/15/2027<br>|  | 160000 | &nbsp;&nbsp; 156590 |
| **Semiconductors–0.16%** | **Semiconductors–0.16%** | **Semiconductors–0.16%** | **Semiconductors–0.16%** |
| &nbsp;&nbsp;&nbsp; ams-OSRAM AG (Austria), 12.25%, <br> 03/30/2029<sup>(c)(f)</sup> <br>|  | 279000 | &nbsp;&nbsp; 301040 |
| Intel Corp., | Intel Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 3.15%, 05/11/2027 |  | 230000 | &nbsp;&nbsp; 224582 |
| &nbsp;&nbsp;&nbsp; 3.75%, 08/05/2027 |  | 300000 | &nbsp;&nbsp; 295660 |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/05/2029 |  | 200000 | &nbsp;&nbsp; 194721 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/10/2030 |  | 400000 | &nbsp;&nbsp; 406042 |
|  |  |  | &nbsp;&nbsp; 1422045 |
| **Single-Family Residential REITs–0.03%** | **Single-Family Residential REITs–0.03%** | **Single-Family Residential REITs–0.03%** | **Single-Family Residential REITs–0.03%** |
| &nbsp;&nbsp;&nbsp; Tanger Properties L.P., 3.13%, <br> 09/01/2026<br>|  | 230000 | &nbsp;&nbsp; 225805 |
| **Soft Drinks & Non-alcoholic Beverages–0.10%** | **Soft Drinks & Non-alcoholic Beverages–0.10%** | **Soft Drinks & Non-alcoholic Beverages–0.10%** | **Soft Drinks & Non-alcoholic Beverages–0.10%** |
| &nbsp;&nbsp;&nbsp; Keurig Dr Pepper, Inc., 2.55%, <br> 09/15/2026<br>|  | 250000 | &nbsp;&nbsp; 244977 |
| &nbsp;&nbsp;&nbsp; PepsiCo Singapore Financing I Pte. <br> Ltd., 4.65%, 02/16/2027<br>|  | 600000 | &nbsp;&nbsp; 604482 |
|  |  |  | &nbsp;&nbsp; 849459 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Specialized Finance–0.03%** | **Specialized Finance–0.03%** | **Specialized Finance–0.03%** | **Specialized Finance–0.03%** |
| &nbsp;&nbsp;&nbsp; Blackstone Private Credit Fund, <br> 3.25%, 03/15/2027<sup>(c)</sup> <br>|  | $235000 | &nbsp;&nbsp; $228749 |
| **Specialty Chemicals–0.10%** | **Specialty Chemicals–0.10%** | **Specialty Chemicals–0.10%** | **Specialty Chemicals–0.10%** |
| &nbsp;&nbsp;&nbsp; Celanese US Holdings LLC, 6.67%, <br> 07/15/2027<sup>(c)</sup> <br>|  | 350000 | &nbsp;&nbsp; 358964 |
| &nbsp;&nbsp;&nbsp; SCIL IV LLC/SCIL USA Holdings LLC, <br> 5.38%, 11/01/2026<sup>(f)</sup> <br>|  | 582000 | &nbsp;&nbsp; 579256 |
|  |  |  | &nbsp;&nbsp; 938220 |
| **Steel–0.14%** | **Steel–0.14%** | **Steel–0.14%** | **Steel–0.14%** |
| Cleveland-Cliffs, Inc., | Cleveland-Cliffs, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/2030<sup>(c)(f)</sup> <br>|  | 269000 | &nbsp;&nbsp; 267920 |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/01/2031<sup>(c)(f)</sup> <br>|  | 160000 | &nbsp;&nbsp; 142134 |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/15/2031<sup>(f)</sup> <br>|  | 300000 | &nbsp;&nbsp; 299745 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/15/2032<sup>(c)(f)</sup> <br>|  | 160000 | &nbsp;&nbsp; 156298 |
| Nucor Corp., 3.95%, 05/01/2028 |  | 100000 | &nbsp;&nbsp; 99175 |
| &nbsp;&nbsp;&nbsp; SunCoke Energy, Inc., 4.88%, <br> 06/30/2029<sup>(c)(f)</sup> <br>|  | 300000 | &nbsp;&nbsp; 274631 |
|  |  |  | &nbsp;&nbsp; 1239903 |
| **Systems Software–0.05%** | **Systems Software–0.05%** | **Systems Software–0.05%** | **Systems Software–0.05%** |
| &nbsp;&nbsp;&nbsp; McAfee Corp., 7.38%, <br> 02/15/2030<sup>(f)</sup> <br>|  | 310000 | &nbsp;&nbsp; 287759 |
| VMware LLC, 4.65%, 05/15/2027 |  | 130000 | &nbsp;&nbsp; 130469 |
|  |  |  | &nbsp;&nbsp; 418228 |
| **Technology Distributors–0.03%** | **Technology Distributors–0.03%** | **Technology Distributors–0.03%** | **Technology Distributors–0.03%** |
| Avnet, Inc., 6.25%, 03/15/2028 |  | 230000 | &nbsp;&nbsp; 238644 |
| **Technology Hardware, Storage & Peripherals–0.10%** | **Technology Hardware, Storage & Peripherals–0.10%** | **Technology Hardware, Storage & Peripherals–0.10%** | **Technology Hardware, Storage & Peripherals–0.10%** |
| Apple, Inc., | Apple, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 2.05%, 09/11/2026 |  | 750000 | &nbsp;&nbsp; 732558 |
| &nbsp;&nbsp;&nbsp; 3.20%, 05/11/2027 |  | 135000 | &nbsp;&nbsp; 133027 |
|  |  |  | &nbsp;&nbsp; 865585 |
| **Telecom Tower REITs–0.19%** | **Telecom Tower REITs–0.19%** | **Telecom Tower REITs–0.19%** | **Telecom Tower REITs–0.19%** |
| American Tower Corp., | American Tower Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 3.65%, 03/15/2027 |  | 305000 | &nbsp;&nbsp; 300636 |
| &nbsp;&nbsp;&nbsp; 3.55%, 07/15/2027 |  | 105000 | &nbsp;&nbsp; 103261 |
| &nbsp;&nbsp;&nbsp; 3.80%, 08/15/2029 |  | 200000 | &nbsp;&nbsp; 194323 |
| Crown Castle, Inc., | Crown Castle, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 3.65%, 09/01/2027 |  | 230000 | &nbsp;&nbsp; 225882 |
| &nbsp;&nbsp;&nbsp; 4.30%, 02/15/2029 |  | 400000 | &nbsp;&nbsp; 395144 |
| &nbsp;&nbsp;&nbsp; 3.10%, 11/15/2029<sup>(c)</sup> <br>|  | 200000 | &nbsp;&nbsp; 187854 |
| &nbsp;&nbsp;&nbsp; SBA Communications Corp., 3.88%, <br> 02/15/2027<sup>(c)</sup> <br>|  | 320000 | &nbsp;&nbsp; 314686 |
|  |  |  | &nbsp;&nbsp; 1721786 |
| **Tires & Rubber–0.05%** | **Tires & Rubber–0.05%** | **Tires & Rubber–0.05%** | **Tires & Rubber–0.05%** |
| &nbsp;&nbsp;&nbsp; Goodyear Tire & Rubber Co. (The), <br> 4.88%, 03/15/2027<sup>(c)</sup> <br>|  | 465000 | &nbsp;&nbsp; 463312 |
| **Tobacco–0.12%** | **Tobacco–0.12%** | **Tobacco–0.12%** | **Tobacco–0.12%** |
| &nbsp;&nbsp;&nbsp; B.A.T. Capital Corp. (United <br> Kingdom), 3.22%, 09/06/2026<br>|  | 134000 | &nbsp;&nbsp; 132132 |
| Philip Morris International, Inc., | Philip Morris International, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/15/2028<sup>(c)</sup> <br>|  | 160000 | &nbsp;&nbsp; 162030 |
| &nbsp;&nbsp;&nbsp; 3.13%, 03/02/2028 |  | 230000 | &nbsp;&nbsp; 223515 |
| &nbsp;&nbsp;&nbsp; 5.63%, 11/17/2029 |  | 180000 | &nbsp;&nbsp; 187896 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/15/2030 |  | 400000 | &nbsp;&nbsp; 409702 |
|  |  |  | &nbsp;&nbsp; 1115275 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Multi-Asset Income Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Trading Companies & Distributors–0.03%** | **Trading Companies & Distributors–0.03%** | **Trading Companies & Distributors–0.03%** | **Trading Companies & Distributors–0.03%** |
| &nbsp;&nbsp;&nbsp; Air Lease Corp., 4.63%, <br> 10/01/2028<br>|  | $90000 | &nbsp;&nbsp; $90180 |
| &nbsp;&nbsp;&nbsp; Herc Holdings, Inc., 5.50%, <br> 07/15/2027<sup>(c)(f)</sup> <br>|  | 160000 | &nbsp;&nbsp; 159475 |
|  |  |  | &nbsp;&nbsp; 249655 |
| **Transaction & Payment Processing Services–0.01%** | **Transaction & Payment Processing Services–0.01%** | **Transaction & Payment Processing Services–0.01%** | **Transaction & Payment Processing Services–0.01%** |
| &nbsp;&nbsp;&nbsp; Global Payments, Inc., 2.15%, <br> 01/15/2027<sup>(c)</sup> <br>|  | 110000 | &nbsp;&nbsp; 106293 |
| **Water Utilities–0.08%** | **Water Utilities–0.08%** | **Water Utilities–0.08%** | **Water Utilities–0.08%** |
| &nbsp;&nbsp;&nbsp; United Utilities PLC (United <br> Kingdom), 6.88%, 08/15/2028<br>|  | 700000 | &nbsp;&nbsp; 744772 |
| **Wireless Telecommunication Services–0.07%** | **Wireless Telecommunication Services–0.07%** | **Wireless Telecommunication Services–0.07%** | **Wireless Telecommunication Services–0.07%** |
| &nbsp;&nbsp;&nbsp; Sprint Capital Corp., 6.88%, <br> 11/15/2028<br>|  | 70000 | &nbsp;&nbsp; 74857 |
| &nbsp;&nbsp;&nbsp; VMED O2 UK Financing I PLC (United <br> Kingdom), 7.75%, <br> 04/15/2032<sup>(f)</sup> <br>|  | 520000 | &nbsp;&nbsp; 542336 |
|  |  |  | &nbsp;&nbsp; 617193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes <br> (Cost $132,914,757) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes <br> (Cost $132,914,757) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes <br> (Cost $132,914,757) | &nbsp;&nbsp; 134616745 |
| **Non-U.S. Dollar Denominated Bonds & Notes–3.72%**<sup>(i)</sup>  | **Non-U.S. Dollar Denominated Bonds & Notes–3.72%**<sup>(i)</sup>  | **Non-U.S. Dollar Denominated Bonds & Notes–3.72%**<sup>(i)</sup>  | **Non-U.S. Dollar Denominated Bonds & Notes–3.72%**<sup>(i)</sup>  |
| **Advertising–0.06%** | **Advertising–0.06%** | **Advertising–0.06%** | **Advertising–0.06%** |
| &nbsp;&nbsp;&nbsp; Ipsos (France), 3.75%, <br> 01/22/2030<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 116680 |
| &nbsp;&nbsp;&nbsp; JCDecaux SE (France), 1.63%, <br> 02/07/2030<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 214084 |
| &nbsp;&nbsp;&nbsp; MMS USA Holdings, Inc. (France), <br> 1.25%, 06/13/2028<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 110190 |
| &nbsp;&nbsp;&nbsp; WPP Finance Deutschland GmbH <br> (United Kingdom), 1.63%, <br> 03/23/2030<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 105995 |
|  |  |  | &nbsp;&nbsp; 546949 |
| **Agricultural & Farm Machinery–0.04%** | **Agricultural & Farm Machinery–0.04%** | **Agricultural & Farm Machinery–0.04%** | **Agricultural & Farm Machinery–0.04%** |
| &nbsp;&nbsp;&nbsp; CNH Industrial Finance Europe S.A., <br> 1.63%, 07/03/2029<sup>(f)</sup> <br>| EUR | 330000 | &nbsp;&nbsp; 360741 |
| **Alternative Carriers–0.01%** | **Alternative Carriers–0.01%** | **Alternative Carriers–0.01%** | **Alternative Carriers–0.01%** |
| &nbsp;&nbsp;&nbsp; Chorus Ltd. (New Zealand), 3.63%, <br> 09/07/2029<br>| EUR | 100000 | &nbsp;&nbsp; 116816 |
| **Apparel, Accessories & Luxury Goods–0.01%** | **Apparel, Accessories & Luxury Goods–0.01%** | **Apparel, Accessories & Luxury Goods–0.01%** | **Apparel, Accessories & Luxury Goods–0.01%** |
| PVH Corp., 3.13%, 12/15/2027<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 115180 |
| **Application Software–0.05%** | **Application Software–0.05%** | **Application Software–0.05%** | **Application Software–0.05%** |
| &nbsp;&nbsp;&nbsp; Dassault Systemes SE (France), <br> 0.13%, 09/16/2026<sup>(f)</sup> <br>| EUR | 400000 | &nbsp;&nbsp; 445775 |
| **Automobile Manufacturers–0.26%** | **Automobile Manufacturers–0.26%** | **Automobile Manufacturers–0.26%** | **Automobile Manufacturers–0.26%** |
| &nbsp;&nbsp;&nbsp; American Honda Finance Corp., <br> 0.30%, 07/07/2028<br>| EUR | 480000 | &nbsp;&nbsp; 512861 |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC, 6.13%, <br> 05/15/2028<br>| EUR | 200000 | &nbsp;&nbsp; 245799 |
| &nbsp;&nbsp;&nbsp; Harley-Davidson Financial Services, <br> Inc., 4.00%, 03/12/2030<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 115396 |
| &nbsp;&nbsp;&nbsp; RCI Banque S.A. (France), 3.88%, <br> 01/12/2029<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 234548 |
| Stellantis N.V., | Stellantis N.V., |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 07/07/2028<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 238779 |
| &nbsp;&nbsp;&nbsp; 0.75%, 01/18/2029<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 211400 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Automobile Manufacturers–(continued)** | **Automobile Manufacturers–(continued)** | **Automobile Manufacturers–(continued)** | **Automobile Manufacturers–(continued)** |
| &nbsp;&nbsp;&nbsp; Volkswagen Financial Services AG <br> (Germany), | &nbsp;&nbsp;&nbsp; Volkswagen Financial Services AG <br> (Germany), |  |  |
| &nbsp;&nbsp;&nbsp; 0.13%, 02/12/2027<sup>(f)</sup> <br>| EUR | 90000 | &nbsp;&nbsp; $99039 |
| &nbsp;&nbsp;&nbsp; 2.25%, 10/01/2027<sup>(f)</sup> <br>| EUR | 49000 | &nbsp;&nbsp; 55673 |
| &nbsp;&nbsp;&nbsp; 0.38%, 02/12/2030<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 101202 |
| Volkswagen Leasing GmbH (Germany), | Volkswagen Leasing GmbH (Germany), |  |  |
| &nbsp;&nbsp;&nbsp; 0.38%, 07/20/2026<sup>(f)</sup> <br>| EUR | 85000 | &nbsp;&nbsp; 95144 |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/25/2029<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 241756 |
| &nbsp;&nbsp;&nbsp; 0.63%, 07/19/2029<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 208455 |
|  |  |  | &nbsp;&nbsp; 2360052 |
| **Automotive Parts & Equipment–0.03%** | **Automotive Parts & Equipment–0.03%** | **Automotive Parts & Equipment–0.03%** | **Automotive Parts & Equipment–0.03%** |
| &nbsp;&nbsp;&nbsp; Daimler Truck International Finance <br> B.V. (Germany), 3.88%, <br> 06/19/2029<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 237082 |
| **Automotive Retail–0.01%** | **Automotive Retail–0.01%** | **Automotive Retail–0.01%** | **Automotive Retail–0.01%** |
| &nbsp;&nbsp;&nbsp; Leasys S.p.A. (Italy), 4.63%, <br> 02/16/2027<sup>(f)</sup> <br>| EUR | 110000 | &nbsp;&nbsp; 129160 |
| **Brewers–0.03%** | **Brewers–0.03%** | **Brewers–0.03%** | **Brewers–0.03%** |
| Carlsberg Breweries A/S (Denmark), | Carlsberg Breweries A/S (Denmark), |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 11/26/2026<sup>(f)</sup> <br>| EUR | 110000 | &nbsp;&nbsp; 127423 |
| &nbsp;&nbsp;&nbsp; 0.88%, 07/01/2029<sup>(f)</sup> <br>| EUR | 110000 | &nbsp;&nbsp; 116891 |
|  |  |  | &nbsp;&nbsp; 244314 |
| **Broadcasting–0.02%** | **Broadcasting–0.02%** | **Broadcasting–0.02%** | **Broadcasting–0.02%** |
| &nbsp;&nbsp;&nbsp; TDF Infrastructure (France), 1.75%, <br> 12/01/2029<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 215687 |
| **Building Products–0.03%** | **Building Products–0.03%** | **Building Products–0.03%** | **Building Products–0.03%** |
| &nbsp;&nbsp;&nbsp; Holcim Finance (Luxembourg) S.A. <br> (Switzerland), 0.50%, <br> 11/29/2026<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 223200 |
| **Cable & Satellite–0.03%** | **Cable & Satellite–0.03%** | **Cable & Satellite–0.03%** | **Cable & Satellite–0.03%** |
| &nbsp;&nbsp;&nbsp; SES S.A. (Luxembourg), 3.50%, <br> 01/14/2029<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 229882 |
| **Commercial & Residential Mortgage Finance–0.05%** | **Commercial & Residential Mortgage Finance–0.05%** | **Commercial & Residential Mortgage Finance–0.05%** | **Commercial & Residential Mortgage Finance–0.05%** |
| &nbsp;&nbsp;&nbsp; Aareal Bank AG (Germany), 0.50%, <br> 04/07/2027<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 110749 |
| &nbsp;&nbsp;&nbsp; Nationwide Building Society (United <br> Kingdom), 4.63%, <br> 10/29/2028<sup>(f)(g)</sup> <br>| EUR | 300000 | &nbsp;&nbsp; 358490 |
|  |  |  | &nbsp;&nbsp; 469239 |
| **Construction Machinery & Heavy Transportation Equipment–**<br> **0.01%** | **Construction Machinery & Heavy Transportation Equipment–**<br> **0.01%** | **Construction Machinery & Heavy Transportation Equipment–**<br> **0.01%** | **Construction Machinery & Heavy Transportation Equipment–**<br> **0.01%** |
| &nbsp;&nbsp;&nbsp; Knorr-Bremse AG (Germany), <br> 3.25%, 09/21/2027<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 116009 |
| **Construction Materials–0.01%** | **Construction Materials–0.01%** | **Construction Materials–0.01%** | **Construction Materials–0.01%** |
| &nbsp;&nbsp;&nbsp; Danfoss Finance I B.V. (Denmark), <br> 0.38%, 10/28/2028<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 106131 |
| **Consumer Electronics–0.04%** | **Consumer Electronics–0.04%** | **Consumer Electronics–0.04%** | **Consumer Electronics–0.04%** |
| &nbsp;&nbsp;&nbsp; Whirlpool Finance (Luxembourg) <br> S.a.r.l., 1.10%, 11/09/2027<br>| EUR | 340000 | &nbsp;&nbsp; 368264 |
| **Consumer Finance–0.06%** | **Consumer Finance–0.06%** | **Consumer Finance–0.06%** | **Consumer Finance–0.06%** |
| &nbsp;&nbsp;&nbsp; General Motors Financial Co., Inc., <br> 0.65%, 09/07/2028<sup>(f)</sup> <br>| EUR | 480000 | &nbsp;&nbsp; 513067 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Multi-Asset Income Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Consumer Staples Merchandise Retail–0.01%** | **Consumer Staples Merchandise Retail–0.01%** | **Consumer Staples Merchandise Retail–0.01%** | **Consumer Staples Merchandise Retail–0.01%** |
| &nbsp;&nbsp;&nbsp; ITM Entreprises S.A.S (France), <br> 5.75%, 07/22/2029<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; $122444 |
| **Data Processing & Outsourced Services–0.01%** | **Data Processing & Outsourced Services–0.01%** | **Data Processing & Outsourced Services–0.01%** | **Data Processing & Outsourced Services–0.01%** |
| &nbsp;&nbsp;&nbsp; Teleperformance SE (France), <br> 3.75%, 06/24/2029<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 117646 |
| **Diversified Banks–1.12%** | **Diversified Banks–1.12%** | **Diversified Banks–1.12%** | **Diversified Banks–1.12%** |
| &nbsp;&nbsp;&nbsp; ANZ New Zealand (Int'l) Ltd. (New <br> Zealand), 0.20%, <br> 09/23/2027<sup>(f)</sup> <br>| EUR | 230000 | &nbsp;&nbsp; 250227 |
| &nbsp;&nbsp;&nbsp; ASB Bank Ltd. (New Zealand), <br> 0.25%, 09/08/2028<sup>(f)</sup> <br>| EUR | 300000 | &nbsp;&nbsp; 318800 |
| Banco Santander S.A. (Spain), | Banco Santander S.A. (Spain), |  |  |
| &nbsp;&nbsp;&nbsp; 0.50%, 02/04/2027<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 222362 |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/22/2029<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 236612 |
| &nbsp;&nbsp;&nbsp; Banque Federative du Credit Mutuel S.A. <br> (France), | &nbsp;&nbsp;&nbsp; Banque Federative du Credit Mutuel S.A. <br> (France), |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 09/12/2026<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 113779 |
| &nbsp;&nbsp;&nbsp; 1.63%, 11/15/2027<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 222716 |
| &nbsp;&nbsp;&nbsp; 3.88%, 01/26/2028<sup>(f)</sup> <br>| EUR | 300000 | &nbsp;&nbsp; 353873 |
| &nbsp;&nbsp;&nbsp; 2.63%, 11/06/2029<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 225205 |
| &nbsp;&nbsp;&nbsp; 0.75%, 01/17/2030<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 207372 |
| &nbsp;&nbsp;&nbsp; BAWAG PSK Bank fuer Arbeit und <br> Wirtschaft und Oesterreichische <br> Postsparkasse AG (Austria), <br> 0.38%, 09/03/2027<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 217783 |
| BNP Paribas S.A. (France), | BNP Paribas S.A. (France), |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 10/01/2026<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 114683 |
| &nbsp;&nbsp;&nbsp; 0.50%, 02/19/2028<sup>(f)(g)</sup> <br>| EUR | 300000 | &nbsp;&nbsp; 332772 |
| &nbsp;&nbsp;&nbsp; Ceska sporitelna A.S. (Czech <br> Republic), 5.94%, <br> 06/29/2027<sup>(f)(g)</sup> <br>| EUR | 300000 | &nbsp;&nbsp; 351914 |
| &nbsp;&nbsp;&nbsp; Credit Agricole S.A. (France), <br> 1.13%, 02/24/2029<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 217417 |
| Credit Mutuel Arkea S.A. (France), | Credit Mutuel Arkea S.A. (France), |  |  |
| &nbsp;&nbsp;&nbsp; 0.88%, 05/07/2027<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 111403 |
| &nbsp;&nbsp;&nbsp; 0.38%, 10/03/2028<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 106459 |
| Hamburg Commercial Bank AG (Germany), | Hamburg Commercial Bank AG (Germany), |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/30/2027<sup>(f)</sup> <br>| EUR | 220000 | &nbsp;&nbsp; 260201 |
| &nbsp;&nbsp;&nbsp; 4.75%, 05/02/2029<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 242466 |
| &nbsp;&nbsp;&nbsp; Hamburger Sparkasse AG <br> (Germany), 4.38%, <br> 02/12/2029<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 121255 |
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC (United <br> Kingdom), 3.31%, <br> 05/13/2030<sup>(f)(g)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 115421 |
| &nbsp;&nbsp;&nbsp; ING Groep N.V. (Netherlands), <br> 2.00%, 09/20/2028<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 224758 |
| &nbsp;&nbsp;&nbsp; Jyske Bank A/S (Denmark), 5.50%, <br> 11/16/2027<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 237236 |
| &nbsp;&nbsp;&nbsp; Kommunalkredit Austria AG <br> (Austria), 5.25%, <br> 03/28/2029<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 121505 |
| &nbsp;&nbsp;&nbsp; Landesbank Baden-Wuerttemberg <br> (Germany), 0.50%, <br> 11/05/2029<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 104384 |
| &nbsp;&nbsp;&nbsp; Lansforsakringar Bank AB (Sweden), <br> 3.25%, 01/22/2030<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 230733 |
| &nbsp;&nbsp;&nbsp; Lloyds Bank Corporate Markets PLC <br> (United Kingdom), 4.13%, <br> 05/30/2027<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 235571 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** |
| NatWest Group PLC (United Kingdom), | NatWest Group PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp; 4.07%, 09/06/2028<sup>(f)(g)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; $235811 |
| &nbsp;&nbsp;&nbsp; 0.67%, 09/14/2029<sup>(f)(g)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 107238 |
| &nbsp;&nbsp;&nbsp; 0.78%, 02/26/2030<sup>(f)(g)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 106165 |
| &nbsp;&nbsp;&nbsp; NIBC Bank N.V. (Netherlands), <br> 0.25%, 09/09/2026<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 111584 |
| Nordea Bank Abp (Finland), | Nordea Bank Abp (Finland), |  |  |
| &nbsp;&nbsp;&nbsp; 1.13%, 09/27/2027<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 111398 |
| &nbsp;&nbsp;&nbsp; 3.38%, 06/11/2029<sup>(f)</sup> <br>| EUR | 110000 | &nbsp;&nbsp; 128920 |
| Raiffeisen Bank International AG (Austria), | Raiffeisen Bank International AG (Austria), |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/27/2028<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 245900 |
| &nbsp;&nbsp;&nbsp; 3.88%, 01/03/2030<sup>(f)(g)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 234102 |
| &nbsp;&nbsp;&nbsp; Raiffeisen Schweiz Genossenschaft <br> (Switzerland), 5.23%, <br> 11/01/2027<sup>(f)</sup> <br>| EUR | 400000 | &nbsp;&nbsp; 483262 |
| &nbsp;&nbsp;&nbsp; Skandinaviska Enskilda Banken AB <br> (Sweden), 0.75%, <br> 08/09/2027<sup>(f)</sup> <br>| EUR | 343000 | &nbsp;&nbsp; 378984 |
| &nbsp;&nbsp;&nbsp; Societe Generale S.A. (France), <br> 0.88%, 09/24/2029<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 210183 |
| &nbsp;&nbsp;&nbsp; SpareBank 1 Oestlandet (Norway), <br> 0.13%, 03/03/2028<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 107436 |
| &nbsp;&nbsp;&nbsp; Standard Chartered PLC (United <br> Kingdom), 0.80%, <br> 11/17/2029<sup>(f)(g)</sup> <br>| EUR | 480000 | &nbsp;&nbsp; 512852 |
| &nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB <br> (Sweden), 0.13%, <br> 11/03/2026<sup>(f)</sup> <br>| EUR | 110000 | &nbsp;&nbsp; 122519 |
| Swedbank AB (Sweden), | Swedbank AB (Sweden), |  |  |
| &nbsp;&nbsp;&nbsp; 0.25%, 11/02/2026<sup>(f)</sup> <br>| EUR | 110000 | &nbsp;&nbsp; 122646 |
| &nbsp;&nbsp;&nbsp; 2.10%, 05/25/2027<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 113820 |
| &nbsp;&nbsp;&nbsp; 4.13%, 11/13/2028<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 239502 |
| &nbsp;&nbsp;&nbsp; Triodos Bank N.V. (Netherlands), <br> 4.88%, 09/12/2029<sup>(f)(g)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 118259 |
| Wells Fargo & Co., | Wells Fargo & Co., |  |  |
| &nbsp;&nbsp;&nbsp; 1.38%, 10/26/2026<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 112905 |
| &nbsp;&nbsp;&nbsp; 1.74%, 05/04/2030<sup>(f)(g)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 109285 |
| &nbsp;&nbsp;&nbsp; Westpac Banking Corp. (Australia), <br> 1.45%, 07/17/2028<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 221622 |
| &nbsp;&nbsp;&nbsp; Westpac Securities NZ Ltd. (New <br> Zealand), 0.43%, <br> 12/14/2026<sup>(f)</sup> <br>| EUR | 340000 | &nbsp;&nbsp; 378128 |
|  |  |  | &nbsp;&nbsp; 10009428 |
| **Diversified Capital Markets–0.24%** | **Diversified Capital Markets–0.24%** | **Diversified Capital Markets–0.24%** | **Diversified Capital Markets–0.24%** |
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG (Germany), <br> 3.75%, 01/15/2030<sup>(f)(g)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 235736 |
| Macquarie Group Ltd. (Australia), | Macquarie Group Ltd. (Australia), |  |  |
| &nbsp;&nbsp;&nbsp; 0.63%, 02/03/2027<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 111232 |
| &nbsp;&nbsp;&nbsp; 0.94%, 01/19/2029<sup>(f)</sup> <br>| EUR | 410000 | &nbsp;&nbsp; 439042 |
| Santander Consumer Finance S.A. (Spain), | Santander Consumer Finance S.A. (Spain), |  |  |
| &nbsp;&nbsp;&nbsp; 0.50%, 11/14/2026<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 111721 |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/17/2029<sup>(f)</sup> <br>| EUR | 400000 | &nbsp;&nbsp; 471725 |
| UBS Group AG (Switzerland), | UBS Group AG (Switzerland), |  |  |
| &nbsp;&nbsp;&nbsp; 0.25%, 02/24/2028<sup>(f)</sup> <br>| EUR | 240000 | &nbsp;&nbsp; 258814 |
| &nbsp;&nbsp;&nbsp; 0.25%, 11/05/2028<sup>(f)(g)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 216494 |
| &nbsp;&nbsp;&nbsp; 7.75%, 03/01/2029<sup>(f)(g)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 256447 |
|  |  |  | &nbsp;&nbsp; 2101211 |
| **Diversified Chemicals–0.04%** | **Diversified Chemicals–0.04%** | **Diversified Chemicals–0.04%** | **Diversified Chemicals–0.04%** |
| &nbsp;&nbsp;&nbsp; LANXESS AG (Germany), 1.75%, <br> 03/22/2028<sup>(f)</sup> <br>| EUR | 300000 | &nbsp;&nbsp; 333621 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Multi-Asset Income Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Diversified Financial Services–0.06%** | **Diversified Financial Services–0.06%** | **Diversified Financial Services–0.06%** | **Diversified Financial Services–0.06%** |
| JAB Holdings B.V. (Luxembourg), | JAB Holdings B.V. (Luxembourg), |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 12/20/2027<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; $109939 |
| &nbsp;&nbsp;&nbsp; Series 11Y, 2.50%, <br> 06/25/2029<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 112304 |
| &nbsp;&nbsp;&nbsp; Nykredit Realkredit A/S (Denmark), <br> 4.00%, 07/17/2028<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 237132 |
| &nbsp;&nbsp;&nbsp; OP Corporate Bank PLC (Finland), <br> 4.13%, 04/18/2027<br>| EUR | 100000 | &nbsp;&nbsp; 117451 |
|  |  |  | &nbsp;&nbsp; 576826 |
| **Diversified Metals & Mining–0.03%** | **Diversified Metals & Mining–0.03%** | **Diversified Metals & Mining–0.03%** | **Diversified Metals & Mining–0.03%** |
| &nbsp;&nbsp;&nbsp; BHP Billiton Finance Ltd. (Australia), <br> Series 17, 1.50%, <br> 04/29/2030<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 107282 |
| &nbsp;&nbsp;&nbsp; Glencore Capital Finance DAC <br> (Australia), 0.75%, <br> 03/01/2029<sup>(f)</sup> <br>| EUR | 110000 | &nbsp;&nbsp; 116749 |
|  |  |  | &nbsp;&nbsp; 224031 |
| **Diversified REITs–0.05%** | **Diversified REITs–0.05%** | **Diversified REITs–0.05%** | **Diversified REITs–0.05%** |
| &nbsp;&nbsp;&nbsp; Digital Dutch Finco B.V., 1.50%, <br> 03/15/2030<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 106329 |
| &nbsp;&nbsp;&nbsp; Icade S.A. (France), 1.00%, <br> 01/19/2030<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 207564 |
| &nbsp;&nbsp;&nbsp; WPC Eurobond B.V., 2.13%, <br> 04/15/2027<br>| EUR | 100000 | &nbsp;&nbsp; 113052 |
|  |  |  | &nbsp;&nbsp; 426945 |
| **Electric Utilities–0.14%** | **Electric Utilities–0.14%** | **Electric Utilities–0.14%** | **Electric Utilities–0.14%** |
| &nbsp;&nbsp;&nbsp; AusNet Services Holdings Pty. Ltd. <br> (Australia), 1.50%, <br> 02/26/2027<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 112343 |
| &nbsp;&nbsp;&nbsp; Duke Energy Corp., 3.10%, <br> 06/15/2028<br>| EUR | 110000 | &nbsp;&nbsp; 126778 |
| EDP Finance B.V. (Portugal), | EDP Finance B.V. (Portugal), |  |  |
| &nbsp;&nbsp;&nbsp; 0.38%, 09/16/2026<sup>(f)</sup> <br>| EUR | 110000 | &nbsp;&nbsp; 123005 |
| &nbsp;&nbsp;&nbsp; 1.50%, 11/22/2027<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 112242 |
| &nbsp;&nbsp;&nbsp; Elenia Verkko OYJ (Finland), 0.38%, <br> 02/06/2027<sup>(f)</sup> <br>| EUR | 470000 | &nbsp;&nbsp; 519891 |
| &nbsp;&nbsp;&nbsp; Elia Transmission Belgium S.A. <br> (Belgium), 3.25%, <br> 04/04/2028<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 232355 |
|  |  |  | &nbsp;&nbsp; 1226614 |
| **Gas Utilities–0.10%** | **Gas Utilities–0.10%** | **Gas Utilities–0.10%** | **Gas Utilities–0.10%** |
| &nbsp;&nbsp;&nbsp; APA Infrastructure Ltd. (Australia), <br> 2.00%, 03/22/2027<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 113362 |
| &nbsp;&nbsp;&nbsp; EP Infrastructure A.S. (Czech <br> Republic), 1.70%, <br> 07/30/2026<sup>(f)</sup> <br>| EUR | 110000 | &nbsp;&nbsp; 124434 |
| &nbsp;&nbsp;&nbsp; Italgas S.p.A. (Italy), 1.63%, <br> 01/19/2027<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 112859 |
| &nbsp;&nbsp;&nbsp; Origin Energy Finance Ltd. <br> (Australia), 1.00%, <br> 09/17/2029<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 209724 |
| &nbsp;&nbsp;&nbsp; Snam S.p.A. (Italy), 3.38%, <br> 02/19/2028<sup>(f)</sup> <br>| EUR | 250000 | &nbsp;&nbsp; 291889 |
|  |  |  | &nbsp;&nbsp; 852268 |
| **Health Care Equipment–0.08%** | **Health Care Equipment–0.08%** | **Health Care Equipment–0.08%** | **Health Care Equipment–0.08%** |
| &nbsp;&nbsp;&nbsp; Baxter International, Inc., 1.30%, <br> 05/15/2029<br>| EUR | 110000 | &nbsp;&nbsp; 118593 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Health Care Equipment–(continued)** | **Health Care Equipment–(continued)** | **Health Care Equipment–(continued)** | **Health Care Equipment–(continued)** |
| &nbsp;&nbsp;&nbsp; Boston Scientific Corp., 0.63%, <br> 12/01/2027<br>| EUR | 500000 | &nbsp;&nbsp; $548744 |
|  |  |  | &nbsp;&nbsp; 667337 |
| **Health Care Services–0.06%** | **Health Care Services–0.06%** | **Health Care Services–0.06%** | **Health Care Services–0.06%** |
| &nbsp;&nbsp;&nbsp; Fresenius Finance Ireland PLC <br> (Germany), 0.50%, <br> 10/01/2028<sup>(f)</sup> <br>| EUR | 80000 | &nbsp;&nbsp; 85715 |
| &nbsp;&nbsp;&nbsp; Fresenius Medical Care AG <br> (Germany), 3.88%, <br> 09/20/2027<sup>(f)</sup> <br>| EUR | 360000 | &nbsp;&nbsp; 422523 |
|  |  |  | &nbsp;&nbsp; 508238 |
| **Highways & Railtracks–0.03%** | **Highways & Railtracks–0.03%** | **Highways & Railtracks–0.03%** | **Highways & Railtracks–0.03%** |
| Autostrade per l'Italia S.p.A. (Italy), | Autostrade per l'Italia S.p.A. (Italy), |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 12/04/2028<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 111603 |
| &nbsp;&nbsp;&nbsp; 2.00%, 01/15/2030<sup>(f)</sup> <br>| EUR | 150000 | &nbsp;&nbsp; 164334 |
|  |  |  | &nbsp;&nbsp; 275937 |
| **Household Products–0.04%** | **Household Products–0.04%** | **Household Products–0.04%** | **Household Products–0.04%** |
| &nbsp;&nbsp;&nbsp; Essity Capital B.V. (Sweden), <br> 3.00%, 09/21/2026<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 229638 |
| &nbsp;&nbsp;&nbsp; Procter & Gamble Co. (The), 4.88%, <br> 05/11/2027<br>| EUR | 75000 | &nbsp;&nbsp; 89541 |
|  |  |  | &nbsp;&nbsp; 319179 |
| **Human Resource & Employment Services–0.03%** | **Human Resource & Employment Services–0.03%** | **Human Resource & Employment Services–0.03%** | **Human Resource & Employment Services–0.03%** |
| &nbsp;&nbsp;&nbsp; Randstad N.V. (Netherlands), <br> 3.61%, 03/12/2029<sup>(f)</sup> <br>| EUR | 220000 | &nbsp;&nbsp; 256893 |
| **Industrial Conglomerates–0.06%** | **Industrial Conglomerates–0.06%** | **Industrial Conglomerates–0.06%** | **Industrial Conglomerates–0.06%** |
| &nbsp;&nbsp;&nbsp; Honeywell International, Inc., <br> 2.25%, 02/22/2028<br>| EUR | 170000 | &nbsp;&nbsp; 194139 |
| &nbsp;&nbsp;&nbsp; Siemens Financieringsmaatschappij <br> N.V. (Germany), 1.00%, <br> 02/25/2030<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 106434 |
| &nbsp;&nbsp;&nbsp; Smiths Group PLC (United Kingdom), <br> 2.00%, 02/23/2027<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 226448 |
|  |  |  | &nbsp;&nbsp; 527021 |
| **Industrial Gases–0.03%** | **Industrial Gases–0.03%** | **Industrial Gases–0.03%** | **Industrial Gases–0.03%** |
| &nbsp;&nbsp;&nbsp; Linde Finance B.V., 0.25%, <br> 05/19/2027<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 110279 |
| Linde PLC, 3.38%, 06/12/2029<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 117507 |
|  |  |  | &nbsp;&nbsp; 227786 |
| **Industrial Machinery & Supplies & Components–0.05%** | **Industrial Machinery & Supplies & Components–0.05%** | **Industrial Machinery & Supplies & Components–0.05%** | **Industrial Machinery & Supplies & Components–0.05%** |
| &nbsp;&nbsp;&nbsp; Highland Holdings S.a.r.l., 0.32%, <br> 12/15/2026<br>| EUR | 270000 | &nbsp;&nbsp; 300187 |
| &nbsp;&nbsp;&nbsp; Sandvik AB (Sweden), 0.38%, <br> 11/25/2028<sup>(f)</sup> <br>| EUR | 110000 | &nbsp;&nbsp; 117129 |
|  |  |  | &nbsp;&nbsp; 417316 |
| **Integrated Oil & Gas–0.10%** | **Integrated Oil & Gas–0.10%** | **Integrated Oil & Gas–0.10%** | **Integrated Oil & Gas–0.10%** |
| BP Capital Markets PLC, | BP Capital Markets PLC, |  |  |
| &nbsp;&nbsp;&nbsp; 1.59%, 07/03/2028<sup>(f)</sup> <br>| EUR | 300000 | &nbsp;&nbsp; 334050 |
| &nbsp;&nbsp;&nbsp; 1.64%, 06/26/2029<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 110107 |
| &nbsp;&nbsp;&nbsp; Eni S.p.A. (Italy), 1.50%, <br> 01/17/2027<sup>(f)</sup> <br>| EUR | 421000 | &nbsp;&nbsp; 475293 |
|  |  |  | &nbsp;&nbsp; 919450 |
| **Investment Banking & Brokerage–0.02%** | **Investment Banking & Brokerage–0.02%** | **Investment Banking & Brokerage–0.02%** | **Investment Banking & Brokerage–0.02%** |
| &nbsp;&nbsp;&nbsp; Morgan Stanley, 4.66%, <br> 03/02/2029<sup>(g)</sup> <br>| EUR | 110000 | &nbsp;&nbsp; 131611 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Multi-Asset Income Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **IT Consulting & Other Services–0.03%** | **IT Consulting & Other Services–0.03%** | **IT Consulting & Other Services–0.03%** | **IT Consulting & Other Services–0.03%** |
| International Business Machines Corp., | International Business Machines Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 01/29/2027 | EUR | 100000 | &nbsp;&nbsp; $112409 |
| &nbsp;&nbsp;&nbsp; 1.50%, 05/23/2029 | EUR | 110000 | &nbsp;&nbsp; 120447 |
|  |  |  | &nbsp;&nbsp; 232856 |
| **Life & Health Insurance–0.06%** | **Life & Health Insurance–0.06%** | **Life & Health Insurance–0.06%** | **Life & Health Insurance–0.06%** |
| &nbsp;&nbsp;&nbsp; Athene Global Funding, 0.37%, <br> 09/10/2026<sup>(f)</sup> <br>| EUR | 300000 | &nbsp;&nbsp; 335245 |
| &nbsp;&nbsp;&nbsp; MassMutual Global Funding II, <br> 3.75%, 01/19/2030<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 118262 |
| &nbsp;&nbsp;&nbsp; New York Life Global Funding, <br> 0.25%, 01/23/2027<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 110739 |
|  |  |  | &nbsp;&nbsp; 564246 |
| **Life Sciences Tools & Services–0.05%** | **Life Sciences Tools & Services–0.05%** | **Life Sciences Tools & Services–0.05%** | **Life Sciences Tools & Services–0.05%** |
| &nbsp;&nbsp;&nbsp; Thermo Fisher Scientific, Inc., <br> 0.50%, 03/01/2028<br>| EUR | 410000 | &nbsp;&nbsp; 445954 |
| **Movies & Entertainment–0.01%** | **Movies & Entertainment–0.01%** | **Movies & Entertainment–0.01%** | **Movies & Entertainment–0.01%** |
| &nbsp;&nbsp;&nbsp; Universal Music Group N.V. <br> (Netherlands), 3.00%, <br> 06/30/2027<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 115170 |
| **Multi-line Insurance–0.01%** | **Multi-line Insurance–0.01%** | **Multi-line Insurance–0.01%** | **Multi-line Insurance–0.01%** |
| &nbsp;&nbsp;&nbsp; Allianz Finance II B.V. (Germany), <br> 0.00%, 11/22/2026<sup>(f)(j)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 111137 |
| **Multi-Sector Holdings–0.01%** | **Multi-Sector Holdings–0.01%** | **Multi-Sector Holdings–0.01%** | **Multi-Sector Holdings–0.01%** |
| &nbsp;&nbsp;&nbsp; Berkshire Hathaway, Inc., 1.13%, <br> 03/16/2027<br>| EUR | 100000 | &nbsp;&nbsp; 112047 |
| **Multi-Utilities–0.01%** | **Multi-Utilities–0.01%** | **Multi-Utilities–0.01%** | **Multi-Utilities–0.01%** |
| &nbsp;&nbsp;&nbsp; Veolia Environnement S.A. (France), <br> 1.50%, 04/03/2029<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 109535 |
| **Oil & Gas Exploration & Production–0.01%** | **Oil & Gas Exploration & Production–0.01%** | **Oil & Gas Exploration & Production–0.01%** | **Oil & Gas Exploration & Production–0.01%** |
| &nbsp;&nbsp;&nbsp; Wintershall Dea Finance B.V. <br> (Germany), 1.33%, <br> 09/25/2028<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 108395 |
| **Oil & Gas Storage & Transportation–0.02%** | **Oil & Gas Storage & Transportation–0.02%** | **Oil & Gas Storage & Transportation–0.02%** | **Oil & Gas Storage & Transportation–0.02%** |
| &nbsp;&nbsp;&nbsp; Vier Gas Transport GmbH (Germany), <br> 1.50%, 09/25/2028<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 220131 |
| **Packaged Foods & Meats–0.04%** | **Packaged Foods & Meats–0.04%** | **Packaged Foods & Meats–0.04%** | **Packaged Foods & Meats–0.04%** |
| &nbsp;&nbsp;&nbsp; JDE Peet's N.V. (Netherlands), <br> 0.63%, 02/09/2028<sup>(f)</sup> <br>| EUR | 350000 | &nbsp;&nbsp; 380342 |
| **Paper & Plastic Packaging Products & Materials–0.03%** | **Paper & Plastic Packaging Products & Materials–0.03%** | **Paper & Plastic Packaging Products & Materials–0.03%** | **Paper & Plastic Packaging Products & Materials–0.03%** |
| &nbsp;&nbsp;&nbsp; Amcor UK Finance PLC (Australia), <br> 1.13%, 06/23/2027<br>| EUR | 200000 | &nbsp;&nbsp; 222635 |
| **Passenger Airlines–0.04%** | **Passenger Airlines–0.04%** | **Passenger Airlines–0.04%** | **Passenger Airlines–0.04%** |
| &nbsp;&nbsp;&nbsp; Deutsche Lufthansa AG (Germany), <br> 2.88%, 05/16/2027<sup>(f)</sup> <br>| EUR | 300000 | &nbsp;&nbsp; 343729 |
| **Passenger Ground Transportation–0.01%** | **Passenger Ground Transportation–0.01%** | **Passenger Ground Transportation–0.01%** | **Passenger Ground Transportation–0.01%** |
| &nbsp;&nbsp;&nbsp; Motability Operations Group PLC <br> (United Kingdom), 3.63%, <br> 07/24/2029<sup>(f)</sup> <br>| EUR | 110000 | &nbsp;&nbsp; 128885 |
| **Pharmaceuticals–0.05%** | **Pharmaceuticals–0.05%** | **Pharmaceuticals–0.05%** | **Pharmaceuticals–0.05%** |
| &nbsp;&nbsp;&nbsp; Bayer AG (Germany), 1.13%, <br> 01/06/2030<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 210211 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Pharmaceuticals–(continued)** | **Pharmaceuticals–(continued)** | **Pharmaceuticals–(continued)** | **Pharmaceuticals–(continued)** |
| &nbsp;&nbsp;&nbsp; Sanofi, Series 12FX, 1.38%, <br> 03/21/2030<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; $215524 |
|  |  |  | &nbsp;&nbsp; 425735 |
| **Rail Transportation–0.01%** | **Rail Transportation–0.01%** | **Rail Transportation–0.01%** | **Rail Transportation–0.01%** |
| &nbsp;&nbsp;&nbsp; Abertis France SAS (France), <br> 1.63%, 09/18/2029<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 107946 |
| **Real Estate Development–0.04%** | **Real Estate Development–0.04%** | **Real Estate Development–0.04%** | **Real Estate Development–0.04%** |
| &nbsp;&nbsp;&nbsp; NE Property B.V. (Romania), 2.00%, <br> 01/20/2030<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 107921 |
| &nbsp;&nbsp;&nbsp; VIA Outlets B.V. (Netherlands), <br> 1.75%, 11/15/2028<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 219440 |
|  |  |  | &nbsp;&nbsp; 327361 |
| **Real Estate Services–0.03%** | **Real Estate Services–0.03%** | **Real Estate Services–0.03%** | **Real Estate Services–0.03%** |
| &nbsp;&nbsp;&nbsp; Citycon Treasury B.V. (Finland), <br> 6.50%, 03/08/2029<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 245284 |
| **Regional Banks–0.03%** | **Regional Banks–0.03%** | **Regional Banks–0.03%** | **Regional Banks–0.03%** |
| &nbsp;&nbsp;&nbsp; Arbejdernes Landsbank A/S <br> (Denmark), 4.88%, <br> 03/14/2029<sup>(g)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 118785 |
| &nbsp;&nbsp;&nbsp; SpareBank 1 SMN (Norway), 0.01%, <br> 02/18/2028<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 107149 |
|  |  |  | &nbsp;&nbsp; 225934 |
| **Renewable Electricity–0.01%** | **Renewable Electricity–0.01%** | **Renewable Electricity–0.01%** | **Renewable Electricity–0.01%** |
| &nbsp;&nbsp;&nbsp; Southern Power Co., 1.85%, <br> 06/20/2026<br>| EUR | 100000 | &nbsp;&nbsp; 113597 |
| **Retail REITs–0.01%** | **Retail REITs–0.01%** | **Retail REITs–0.01%** | **Retail REITs–0.01%** |
| &nbsp;&nbsp;&nbsp; Mercialys S.A. (France), 2.50%, <br> 02/28/2029<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 112927 |
| **Soft Drinks & Non-alcoholic Beverages–0.04%** | **Soft Drinks & Non-alcoholic Beverages–0.04%** | **Soft Drinks & Non-alcoholic Beverages–0.04%** | **Soft Drinks & Non-alcoholic Beverages–0.04%** |
| &nbsp;&nbsp;&nbsp; Coca-Cola Co. (The), 0.13%, <br> 03/15/2029<br>| EUR | 220000 | &nbsp;&nbsp; 230411 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Europacific Partners PLC <br> (United Kingdom), 0.20%, <br> 12/02/2028<sup>(f)</sup> <br>| EUR | 110000 | &nbsp;&nbsp; 116172 |
|  |  |  | &nbsp;&nbsp; 346583 |
| **Specialized Finance–0.02%** | **Specialized Finance–0.02%** | **Specialized Finance–0.02%** | **Specialized Finance–0.02%** |
| &nbsp;&nbsp;&nbsp; Blackstone Property Partners <br> Europe Holdings S.a.r.l. <br> (Luxembourg), 1.75%, <br> 03/12/2029<sup>(f)</sup> <br>| EUR | 200000 | &nbsp;&nbsp; 217450 |
| **Technology Hardware, Storage & Peripherals–0.01%** | **Technology Hardware, Storage & Peripherals–0.01%** | **Technology Hardware, Storage & Peripherals–0.01%** | **Technology Hardware, Storage & Peripherals–0.01%** |
| Apple, Inc., 1.63%, 11/10/2026 | EUR | 100000 | &nbsp;&nbsp; 113426 |
| **Tobacco–0.08%** | **Tobacco–0.08%** | **Tobacco–0.08%** | **Tobacco–0.08%** |
| &nbsp;&nbsp;&nbsp; B.A.T. International Finance PLC (United <br> Kingdom), | &nbsp;&nbsp;&nbsp; B.A.T. International Finance PLC (United <br> Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 03/06/2029<sup>(f)</sup> <br>| EUR | 500000 | &nbsp;&nbsp; 577156 |
| &nbsp;&nbsp;&nbsp; 2.25%, 01/16/2030<sup>(f)</sup> <br>| EUR | 100000 | &nbsp;&nbsp; 110560 |
|  |  |  | &nbsp;&nbsp; 687716 |
| **Transaction & Payment Processing Services–0.01%** | **Transaction & Payment Processing Services–0.01%** | **Transaction & Payment Processing Services–0.01%** | **Transaction & Payment Processing Services–0.01%** |
| Visa, Inc., 2.00%, 06/15/2029 | EUR | 110000 | &nbsp;&nbsp; 122924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Non-U.S. Dollar Denominated Bonds & Notes <br> (Cost $30,948,494) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Non-U.S. Dollar Denominated Bonds & Notes <br> (Cost $30,948,494) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Non-U.S. Dollar Denominated Bonds & Notes <br> (Cost $30,948,494) | &nbsp;&nbsp; 33181295 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Multi-Asset Income Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Shares** | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Shares** | **Value** |
| **Common Stocks & Other Equity Interests–0.01%** | **Common Stocks & Other Equity Interests–0.01%** | **Common Stocks & Other Equity Interests–0.01%** | **Common Stocks & Other Equity Interests–0.01%** |
| **Casinos & Gaming–0.01%** | **Casinos & Gaming–0.01%** | **Casinos & Gaming–0.01%** | **Casinos & Gaming–0.01%** |
| Codere New Topco S.A. (Luxembourg)<sup>(k)</sup>  | Codere New Topco S.A. (Luxembourg)<sup>(k)</sup>  | 3393 | &nbsp;&nbsp; $58081 |
| &nbsp;&nbsp;&nbsp; Codere Online Luxembourg S.A., Wts., <br> expiring 10/15/2034 (Spain)<sup>(k)</sup>  | &nbsp;&nbsp;&nbsp; Codere Online Luxembourg S.A., Wts., <br> expiring 10/15/2034 (Spain)<sup>(k)</sup>  | 5 | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br> (Cost $172,712) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br> (Cost $172,712) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br> (Cost $172,712) | &nbsp;&nbsp; 58104 |
| **Money Market Funds–1.17%** | **Money Market Funds–1.17%** | **Money Market Funds–1.17%** | **Money Market Funds–1.17%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.25%<sup>(b)(l)</sup>  | &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.25%<sup>(b)(l)</sup>  | 3662512 | &nbsp;&nbsp; 3662512 |
| &nbsp;&nbsp;&nbsp; Invesco Treasury Portfolio, Institutional <br> Class, 4.23%<sup>(b)(l)</sup>  | &nbsp;&nbsp;&nbsp; Invesco Treasury Portfolio, Institutional <br> Class, 4.23%<sup>(b)(l)</sup>  | 6809534 | &nbsp;&nbsp; 6809534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $10,472,046) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $10,472,046) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $10,472,046) | &nbsp;&nbsp; 10472046 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br> (excluding investments <br> purchased with cash collateral <br> from securities on loan)-99.09% <br> (Cost $871,650,675)<br>|  |  | &nbsp;&nbsp; 885068887 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; <br> **Shares** | &nbsp;&nbsp; <br> **Shares** | **Value** |
| **Investments Purchased with Cash Collateral from** <br> **Securities on Loan** | **Investments Purchased with Cash Collateral from** <br> **Securities on Loan** | **Investments Purchased with Cash Collateral from** <br> **Securities on Loan** |
| **Money Market Funds–4.94%** | **Money Market Funds–4.94%** | **Money Market Funds–4.94%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.32%<sup>(b)(l)(m)</sup>  | 12202099 | &nbsp;&nbsp; $12202099 |
| Invesco Private Prime Fund, 4.46%<sup>(b)(l)(m)</sup>  | 31865222 | &nbsp;&nbsp; 31871595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral <br> from Securities on Loan (Cost $44,073,694) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral <br> from Securities on Loan (Cost $44,073,694) | &nbsp;&nbsp; 44073694 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES–104.03% <br> (Cost $915,724,369) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES–104.03% <br> (Cost $915,724,369) | &nbsp;&nbsp; 929142581 |
| OTHER ASSETS LESS LIABILITIES—(4.03)% | OTHER ASSETS LESS LIABILITIES—(4.03)% | &nbsp;&nbsp; (35975111)<br>|
| NET ASSETS–100.00% | NET ASSETS–100.00% | &nbsp;&nbsp; $893167470 |

---

Investment Abbreviations:

---

| | |
|:---|:---|
| ETF | – Exchange-Traded Fund |
| EUR | – Euro |
| PIK | – Pay-in-Kind |
| REIT | – Real Estate Investment Trust |
| Wts. | – Warrants |

---

Notes to Schedule of Investments:

<sup>(a)</sup> Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor's. 

<sup>(b)</sup> Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the nine months ended July 31, 2025. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**October 31, 2024**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**July 31, 2025**<br>| **Dividend Income** |
| Invesco High Yield Bond Factor ETF | $- | &nbsp;&nbsp; $34850124 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $58372 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $34908496 | &nbsp;&nbsp; $192609 |
| Invesco MSCI EAFE Income Advantage ETF | &nbsp;&nbsp; 100905437 | &nbsp;&nbsp;&nbsp; 10900210 | &nbsp;&nbsp;&nbsp; (32275784) | &nbsp;&nbsp;&nbsp; 3979333 | &nbsp;&nbsp; (167696) | &nbsp;&nbsp;&nbsp; 83341500 | &nbsp;&nbsp;&nbsp; 6193473 |
| Invesco QQQ Income Advantage ETF | &nbsp;&nbsp; 102492900 | &nbsp;&nbsp;&nbsp; 11515000 | &nbsp;&nbsp;&nbsp; (12513065) | &nbsp;&nbsp;&nbsp; 5721960 | &nbsp;&nbsp;&nbsp;&nbsp; 13405 | &nbsp;&nbsp; 107230200 | &nbsp;&nbsp;&nbsp; 7710362 |
| &nbsp;&nbsp;&nbsp; Invesco S&P 500 Equal Weight Income <br> Advantage ETF<br>| &nbsp;&nbsp; 245070600 | &nbsp;&nbsp;&nbsp; 15364530 | &nbsp;&nbsp;&nbsp; (18766748) | &nbsp;&nbsp; (5954680) | &nbsp;&nbsp;&nbsp; 413098 | &nbsp;&nbsp; 236126800 | &nbsp;&nbsp; 16172475 |
| **Investments in Affiliated Money Market** <br> **Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4328801 | &nbsp;&nbsp;&nbsp; 45931918 | &nbsp;&nbsp;&nbsp; (46598207) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 3662512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216957 |
| Invesco Treasury Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp; 8046927 | &nbsp;&nbsp;&nbsp; 85302134 | &nbsp;&nbsp;&nbsp; (86539527) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 6809534 | &nbsp;&nbsp;&nbsp;&nbsp; 400035 |
| **Investments Purchased with Cash Collateral** <br> **from Securities on Loan:**<br>|  |  |  |  |  |  |  |
| Invesco Private Government Fund | &nbsp;&nbsp;&nbsp; 18198442 | &nbsp;&nbsp; 107995738 | &nbsp;&nbsp; (113992081) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 12202099 | &nbsp;&nbsp;&nbsp;&nbsp; 483,096\* |
| Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 47431662 | &nbsp;&nbsp; 204854066 | &nbsp;&nbsp; (220410727) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3553 | &nbsp;&nbsp;&nbsp;&nbsp; (6959) | &nbsp;&nbsp;&nbsp; 31871595 | &nbsp;&nbsp; 1,309,291\* |
| Total | $526474769 | &nbsp;&nbsp; $516713720 | &nbsp;&nbsp; $(531096139) | &nbsp;&nbsp; $3808538 | &nbsp;&nbsp; $251848 | &nbsp;&nbsp; $516152736 | &nbsp;&nbsp; $32678298 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(c)</sup> All or a portion of this security was out on loan at July 31, 2025.

<sup>(d)</sup> All or a portion of the value was pledged as collateral to cover margin requirements for open futures contracts. 

<sup>(e)</sup> Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund.

<sup>(f)</sup> Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at July 31, 2025 was $82,953,993, which represented 9.29% of the Fund's Net Assets. 

<sup>(g)</sup> Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate.

<sup>(h)</sup> All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest income in the form of securities.

<sup>(i)</sup> Foreign denominated security. Principal amount is denominated in the currency indicated.

<sup>(j)</sup> Zero coupon bond issued at a discount.

See accompanying notes which are an integral part of this schedule.

**Invesco Multi-Asset Income Fund**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(k)</sup> Security valued using significant unobservable inputs (Level 3). See Note 1.

<sup>(l)</sup> The rate shown is the 7-day SEC standardized yield as of July 31, 2025.

<sup>(m)</sup> 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. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  |
| **Long Futures Contracts** | &nbsp;&nbsp; **Number of**<br> **Contracts**<br>| &nbsp;&nbsp;&nbsp; **Expiration**<br> **Month**<br>| &nbsp;&nbsp; **Notional**<br> **Value**<br>| **Value** | &nbsp;&nbsp; **Unrealized**<br> **Appreciation**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Equity Risk** | **Equity Risk** | **Equity Risk** | **Equity Risk** | **Equity Risk** | **Equity Risk** |
| E-Mini Russell 2000 Index | &nbsp;&nbsp;&nbsp; 11 | September-2025 | &nbsp;&nbsp;&nbsp; $1221110 | &nbsp;&nbsp;&nbsp; $22661 | &nbsp;&nbsp;&nbsp; $22661 |
| E-Mini S&P 500 Index | &nbsp;&nbsp;&nbsp; 2 | September-2025 | &nbsp;&nbsp;&nbsp; 637425 | &nbsp;&nbsp;&nbsp; 34192 | &nbsp;&nbsp;&nbsp; 34192 |
| EURO STOXX 50 Index | &nbsp;&nbsp;&nbsp; 42 | September-2025 | &nbsp;&nbsp;&nbsp; 2559482 | &nbsp;&nbsp;&nbsp; 8279 | &nbsp;&nbsp;&nbsp; 8279 |
| FTSE 100 Index | &nbsp;&nbsp;&nbsp; 23 | September-2025 | &nbsp;&nbsp;&nbsp; 2771410 | &nbsp;&nbsp;&nbsp; 73113 | &nbsp;&nbsp;&nbsp; 73113 |
| MSCI Emerging Markets Index | &nbsp;&nbsp;&nbsp; 280 | September-2025 | &nbsp;&nbsp;&nbsp; 17336200 | &nbsp;&nbsp;&nbsp; 369418 | &nbsp;&nbsp;&nbsp; 369418 |
| Tokyo Stock Price Index | &nbsp;&nbsp;&nbsp; 20 | September-2025 | &nbsp;&nbsp;&nbsp; 3911141 | &nbsp;&nbsp;&nbsp; 208207 | &nbsp;&nbsp;&nbsp; 208207 |
| &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; 715870 | &nbsp;&nbsp;&nbsp; 715870 |
| **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** |
| U.S. Treasury 5 Year Notes | &nbsp;&nbsp;&nbsp; 333 | September-2025 | &nbsp;&nbsp;&nbsp; 36021234 | &nbsp;&nbsp;&nbsp; 23985 | &nbsp;&nbsp;&nbsp; 23985 |
| U.S. Treasury 10 Year Notes | &nbsp;&nbsp;&nbsp; 30 | September-2025 | &nbsp;&nbsp;&nbsp; 3331875 | &nbsp;&nbsp;&nbsp; 23788 | &nbsp;&nbsp;&nbsp; 23788 |
| U.S. Treasury 10 Year Ultra Notes | &nbsp;&nbsp;&nbsp; 6 | September-2025 | &nbsp;&nbsp;&nbsp; 678469 | &nbsp;&nbsp;&nbsp; (3712)<br>| &nbsp;&nbsp;&nbsp; (3712)<br>|
| U.S. Treasury Long Bonds | &nbsp;&nbsp;&nbsp; 75 | September-2025 | &nbsp;&nbsp;&nbsp; 8564063 | &nbsp;&nbsp;&nbsp; 13969 | &nbsp;&nbsp;&nbsp; 13969 |
| &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; 58030 | &nbsp;&nbsp;&nbsp; 58030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Long Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Long Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Long Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Long Futures Contracts | &nbsp;&nbsp;&nbsp; 773900 | &nbsp;&nbsp;&nbsp; 773900 |
| **Short Futures Contracts** |  |  |  |  |  |
| **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** |
| Euro-Bobl | &nbsp;&nbsp;&nbsp; 41 | September-2025 | &nbsp;&nbsp;&nbsp; (5486967)<br>| &nbsp;&nbsp;&nbsp; 44842 | &nbsp;&nbsp;&nbsp; 44842 |
| Euro-Bund | &nbsp;&nbsp;&nbsp; 17 | September-2025 | &nbsp;&nbsp;&nbsp; (2516231)<br>| &nbsp;&nbsp;&nbsp; 17060 | &nbsp;&nbsp;&nbsp; 17060 |
| Euro-Schatz | &nbsp;&nbsp;&nbsp; 245 | September-2025 | &nbsp;&nbsp;&nbsp; (29930524)<br>| &nbsp;&nbsp;&nbsp; 101856 | &nbsp;&nbsp;&nbsp; 101856 |
| Long Gilt | &nbsp;&nbsp;&nbsp; 20 | September-2025 | &nbsp;&nbsp;&nbsp; (2434222)<br>| &nbsp;&nbsp;&nbsp; (17958)<br>| &nbsp;&nbsp;&nbsp; (17958)<br>|
| U.S. Treasury 2 Year Notes | &nbsp;&nbsp;&nbsp; 81 | September-2025 | &nbsp;&nbsp;&nbsp; (16765734)<br>| &nbsp;&nbsp;&nbsp; 63465 | &nbsp;&nbsp;&nbsp; 63465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Short Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Short Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Short Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Short Futures Contracts | &nbsp;&nbsp;&nbsp; 209265 | &nbsp;&nbsp;&nbsp; 209265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp; $983165 | &nbsp;&nbsp;&nbsp; $983165 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Futures contracts collateralized by $568,027 cash held with Goldman Sachs International, the futures commission merchant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** |
| **Settlement** <br>**Date** | **Counterparty** | **Contract to** | **Contract to** | **Contract to** | **Contract to** | &nbsp;&nbsp; **Unrealized** <br>**Appreciation** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)** |
| **Settlement** <br>**Date** | **Counterparty** | **Deliver** | **Deliver** | **Receive** | **Receive** | &nbsp;&nbsp; **Unrealized** <br>**Appreciation** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)** |
| **Currency Risk** |  |  |  |  |  |  |
| 10/31/2025 | Citibank, N.A. | EUR | 29700000 | USD | 34989427 | &nbsp;&nbsp;&nbsp; $898844 |
| 10/31/2025 | Goldman Sachs International | EUR | 375000 | USD | 442499 | &nbsp;&nbsp;&nbsp; 12062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Appreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Appreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Appreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Appreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Appreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Appreciation | &nbsp;&nbsp;&nbsp; 910906 |
| **Currency Risk** |  |  |  |  |  |  |
| 10/31/2025 | Canadian Imperial Bank of Commerce | USD | 51900 | EUR | 44000 | &nbsp;&nbsp;&nbsp; (1396)<br>|
| 10/31/2025 | State Street Bank & Trust Co. | USD | 672557 | EUR | 580000 | &nbsp;&nbsp;&nbsp; (6815)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Depreciation | &nbsp;&nbsp;&nbsp; (8211)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp; $902695 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations: <br> EUR —Euro <br> USD —U.S. Dollar

The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.

See accompanying notes which are an integral part of this schedule.

**Invesco Multi-Asset Income Fund**

------

**Notes to Quarterly Schedule of Portfolio Holdings**

*July 31, 2025*

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment's assigned level:

Level 1 – Prices are determined using quoted prices in an active market for identical assets.

Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.

Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.'s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

The following is a summary of the tiered valuation input levels, as of July 31, 2025. 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** |
| <br>**Investments in Securities** |  |  |  |  |
| Exchange-Traded Funds | &nbsp;&nbsp;&nbsp;&nbsp; $478323596 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $478323596 |
| U.S. Treasury Securities | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 228417101 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 228417101 |
| U.S. Dollar Denominated Bonds & Notes | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 134616745 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 134616745 |
| Non-U.S. Dollar Denominated Bonds & Notes | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 33181295 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 33181295 |
| Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 58104 | &nbsp;&nbsp;&nbsp;&nbsp; 58104 |
| Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp; 10472046 | &nbsp;&nbsp;&nbsp;&nbsp; 44073694 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 54545740 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; 488795642 | &nbsp;&nbsp;&nbsp;&nbsp; 440288835 | &nbsp;&nbsp;&nbsp;&nbsp; 58104 | &nbsp;&nbsp;&nbsp;&nbsp; 929142581 |
| **Other Investments - Assets\*** |  |  |  |  |
| Investments Matured | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; 1004835 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1004835 |
| Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 910906 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 910906 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; 1004835 | &nbsp;&nbsp;&nbsp;&nbsp; 910906 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1915741 |
| **Other Investments - Liabilities\*** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; (21670)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (21670)<br>|
| Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8211)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8211)<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp; (21670)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (8211)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (29881)<br>|
| **Total Other Investments** | &nbsp;&nbsp;&nbsp;&nbsp; 983165 | &nbsp;&nbsp;&nbsp;&nbsp; 902695 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1885860 |
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $489778807 | &nbsp;&nbsp;&nbsp;&nbsp; $441191530 | &nbsp;&nbsp;&nbsp;&nbsp; $58104 | &nbsp;&nbsp;&nbsp;&nbsp; $931028441 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Forward foreign currency contracts and futures contracts are valued at unrealized appreciation (depreciation). Investments matured is shown at value.

**Invesco Multi-Asset Income Fund**

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** AIM Investment Funds (Invesco Investment Funds)

- **b. Investment Company Act file number:** 811-05426

- **c. CIK number of Registrant:** 0000826644

- **d. LEI of Registrant:** Y5W0BJB7U2X9V6NIC803

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 11 Greenway Plaza

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 77046-1173

  - **Telephone number:** 800-959-4246

**Item A.2. Information about the Series.**

- **a. Name of Series:** Invesco Multi-Asset Income Fund

- **b. EDGAR series identifier (if any):** S000035024

- **c. LEI of Series:** 54930019G62M8SP8B305

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $937653721.20

**Total Liabilities:** $44866779.08

**Net Assets:** $892786942.12

**Cash Not Reported:** $578290.20

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -482.20928804 | **1-Year:** -11496.03778526 | **5-Year:** -15809.60812559 | **10-Year:** -1282.20152474 | **30-Year:** -1223.60143827

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -82.93316726 | **1-Year:** -5914.83685353 | **5-Year:** -11091.63746490 | **10-Year:** -1682.60246483 | **30-Year:** -182.10443222

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000107691 | 1.43%                | 2.59%                | 0.15%                |
| Class ID C000120706 | 1.57%                | 2.47%                | 0.29%                |
| Class ID C000107690 | 1.39%                | 2.55%                | 0.11%                |
| Class ID C000107692 | 1.44%                | 2.60%                | 0.16%                |
| Class ID C000107688 | 1.54%                | 2.45%                | 0.13%                |
| Class ID C000107689 | 1.35%                | 2.51%                | 0.07%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-236540.62              | $8514653.25                                |
| Month 2  | $467987.04               | $16981411.88                               |
| Month 3  | $81232.33                | $-4407045.45                               |

**Designated Index Information**

- **Index Name:** 60% Bloomberg Barclays US Universal Index, 40% MSCI World Index

- **Index Identifier:** 40% MS-World, 60% BB-US Universal

### Schedule of Portfolio Investments

| Name                                                                                | Title                                                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Intercontinental Exchange, Inc.                                                     | Intercontinental Exchange, Inc.                                                     | CUSIP: 45866FAU8<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    460000 | PA      | $458137.00    | 0.05%             | 2027-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SpareBank 1 SMN                                                                     | SpareBank 1 SMN                                                                     | CUSIP: N/A<br>LEI: 7V6Z97IO7R1SEAO84Q32       | Long             | DBT              | CORP              | NO        |    100000 | PA      | $107149.02    | 0.01%             | 2028-02-18      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| Citycon Treasury B.V.                                                               | Citycon Treasury B.V.                                                               | CUSIP: ZD3405556<br>LEI: 549300WAE0CGQ0IE1H63 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $245283.65    | 0.03%             | 2029-03-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CSC Holdings, LLC                                                                   | CSC Holdings, LLC                                                                   | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    360000 | PA      | $336965.05    | 0.04%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                           | Ford Motor Credit Co. LLC                                                           | CUSIP: 34540UAE9<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $245798.37    | 0.03%             | 2028-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Woodside Finance Ltd.                                                               | Woodside Finance Ltd.                                                               | CUSIP: 980236AT0<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |    100000 | PA      | $101444.39    | 0.01%             | 2030-05-19      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                                                              | Home Depot, Inc. (The)                                                              | CUSIP: 437076CA8<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77848.53     | 0.01%             | 2027-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems, Inc.                                                  | CHS/Community Health Systems, Inc.                                                  | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    636000 | PA      | $556964.28    | 0.06%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                                               | Sumitomo Mitsui Financial Group, Inc.                                               | CUSIP: 86562MAV2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    230000 | PA      | $225222.86    | 0.03%             | 2027-10-18      | Fixed         | 3.35%                 | No            |                  2 | On Loan: —       |
| Motability Operations Group PLC                                                     | Motability Operations Group PLC                                                     | CUSIP: ZF3240040<br>LEI: AZ3NL8JCZDCNUXFWI720 | Long             | DBT              | CORP              | GB        |    110000 | PA      | $128885.37    | 0.01%             | 2029-07-24      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets PLC                                                              | BP Capital Markets PLC                                                              | CUSIP: N/A<br>LEI: 549300CRVT18MXX0AG93       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $110107.22    | 0.01%             | 2029-06-26      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                                        | Pacific Gas and Electric Co.                                                        | CUSIP: 694308HW0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    300000 | PA      | $289856.55    | 0.03%             | 2027-12-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Volkswagen Financial Services AG                                                    | Volkswagen Financial Services AG                                                    | CUSIP: AX8482868<br>LEI: 529900SSGT49ZZSWYE62 | Long             | DBT              | CORP              | DE        |     49000 | PA      | $55672.69     | 0.01%             | 2027-10-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| EPR Properties                                                                      | EPR Properties                                                                      | CUSIP: 26884UAF6<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |    200000 | PA      | $190073.27    | 0.02%             | 2029-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Stellantis N.V.                                                                     | Stellantis N.V.                                                                     | CUSIP: BQ0606054<br>LEI: 549300LKT9PW7ZIBDF31 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $211400.30    | 0.02%             | 2029-01-18      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Lcpr Senior Secured Financing DAC                                                   | Lcpr Senior Secured Financing DAC                                                   | CUSIP: 50201DAA1<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |    400000 | PA      | $307418.00    | 0.03%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                       | Enbridge Inc.                                                                       | CUSIP: 29250NCB9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $204534.08    | 0.02%             | 2029-04-05      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Santander Holdings USA, Inc.                                                        | Santander Holdings USA, Inc.                                                        | CUSIP: 80282KBJ4<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    200000 | PA      | $208434.42    | 0.02%             | 2030-01-09      | Variable      | 6.17%                 | No            |                  2 | On Loan: —       |
| Honeywell International Inc.                                                        | Honeywell International Inc.                                                        | CUSIP: 438516BU9<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    400000 | PA      | $376706.52    | 0.04%             | 2029-08-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: —       |
| ZF North America Capital, Inc.                                                      | ZF North America Capital, Inc.                                                      | CUSIP: 98877DAD7<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199763.18    | 0.02%             | 2028-04-14      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Altice France S.A.                                                                  | Altice France S.A.                                                                  | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    551000 | PA      | $478504.93    | 0.05%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                                    | Deutsche Bank AG                                                                    | CUSIP: ZF2097656<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $235736.36    | 0.03%             | 2030-01-15      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| AES Corp. (The)                                                                     | AES Corp. (The)                                                                     | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    500000 | PA      | $483010.96    | 0.05%             | 2055-07-15      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | EURO STOXX 50 Index Future                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        42 | NC      | $8279.23      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Retail Holdings, LLC                                                         | Macy's Retail Holdings, LLC                                                         | CUSIP: 55617LAL6<br>LEI: 549300JMONK27O4SQQ19 | Long             | DBT              | CORP              | US        |    437000 | PA      | $377923.54    | 0.04%             | 2034-07-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                               | CUSIP: 06051GLV9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304567.15    | 0.03%             | 2027-09-15      | Variable      | 5.93%                 | No            |                  2 | On Loan: —       |
| Icade S.A.                                                                          | Icade S.A.                                                                          | CUSIP: BT4586801<br>LEI: 969500UDH342QLTE1M42 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $207564.29    | 0.02%             | 2030-01-19      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| goeasy Ltd.                                                                         | goeasy Ltd.                                                                         | CUSIP: 380355AJ6<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $309166.05    | 0.03%             | 2029-07-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: —       |
| Tyco Electronics Group S.A.                                                         | Tyco Electronics Group S.A.                                                         | CUSIP: 902133AU1<br>LEI: C33G1C5SYE2YM95EE712 | Long             | DBT              | CORP              | LU        |     75000 | PA      | $73269.31     | 0.01%             | 2027-08-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel                                                  | Banque Federative du Credit Mutuel                                                  | CUSIP: BW1385853<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $225205.30    | 0.03%             | 2029-11-06      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                     | CUSIP: 38141GYM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    375000 | PA      | $363213.97    | 0.04%             | 2027-10-21      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| Navient Corp.                                                                       | Navient Corp.                                                                       | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    160000 | PA      | $156658.70    | 0.02%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| Navient Corp.                                                                       | Navient Corp.                                                                       | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    290000 | PA      | $261569.76    | 0.03%             | 2033-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: —       |
| Smith & Nephew PLC                                                                  | Smith & Nephew PLC                                                                  | CUSIP: 83192PAC2<br>LEI: 213800ZTMDN8S67S1H61 | Long             | DBT              | CORP              | GB        |    230000 | PA      | $232440.50    | 0.03%             | 2027-03-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| MassMutual Global Funding II                                                        | MassMutual Global Funding II                                                        | CUSIP: ZM3239054<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |    100000 | PA      | $118262.10    | 0.01%             | 2030-01-19      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Navient Corp.                                                                       | Navient Corp.                                                                       | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    250000 | PA      | $273443.00    | 0.03%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: —       |
| United Utilities PLC                                                                | United Utilities PLC                                                                | CUSIP: 91311QAC9<br>LEI: 213800KYT12UFB2VE455 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $744772.21    | 0.08%             | 2028-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AMN Healthcare, Inc.                                                                | AMN Healthcare, Inc.                                                                | CUSIP: 00175PAC7<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |    635000 | PA      | $583767.31    | 0.07%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                     | CUSIP: 38141GYG3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    140000 | PA      | $135315.19    | 0.02%             | 2027-09-10      | Variable      | 1.54%                 | No            |                  2 | On Loan: No      |
| Carlsberg Breweries A/S                                                             | Carlsberg Breweries A/S                                                             | CUSIP: ZK6526287<br>LEI: 5493008YL42784DMWN61 | Long             | DBT              | CORP              | DK        |    110000 | PA      | $127423.39    | 0.01%             | 2026-11-26      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                                                                  | Toyota Motor Corp.                                                                  | CUSIP: 892331AQ2<br>LEI: 5493006W3QUS5LMH6R84 | Long             | DBT              | CORP              | JP        |    460000 | PA      | $471168.76    | 0.05%             | 2028-07-13      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| Scripps Escrow, Inc.                                                                | Scripps Escrow, Inc.                                                                | CUSIP: 81104PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    430000 | PA      | $429858.70    | 0.05%             | 2027-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JAB Holdings B.V.                                                                   | JAB Holdings B.V.                                                                   | CUSIP: ZQ9628475<br>LEI: 529900RRNKUM3INJGF98 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $109938.67    | 0.01%             | 2027-12-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Consolidated Energy Finance S.A.                                                    | Consolidated Energy Finance S.A.                                                    | CUSIP: 20914UAF3<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    370000 | PA      | $311681.25    | 0.03%             | 2028-10-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co. (The)                                                                 | Coca-Cola Co. (The)                                                                 | CUSIP: 191216CZ1<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    220000 | PA      | $230411.36    | 0.03%             | 2029-03-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Sensata Technologies, Inc.                                                          | Sensata Technologies, Inc.                                                          | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    210000 | PA      | $191805.68    | 0.02%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | CUSIP: 161175CD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $211431.06    | 0.02%             | 2029-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: —       |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                   | CUSIP: 404280ED7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $205776.86    | 0.02%             | 2030-03-04      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| BAWAG PSK Bank fuer Arbeit und Wirtschaft und Oesterreichische Postsparkasse AG     | BAWAG PSK Bank fuer Arbeit und Wirtschaft und Oesterreichische Postsparkasse AG     | CUSIP: ZR3636894<br>LEI: 529900ICA8XQYGIKR372 | Long             | DBT              | CORP              | AT        |    200000 | PA      | $217782.91    | 0.02%             | 2027-09-03      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | U.S. Treasury 2 Year Notes Future                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       -71 | NC      | $63945.59     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Camelot Return Merger Sub, Inc.                                                     | Camelot Return Merger Sub, Inc.                                                     | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    277000 | PA      | $254083.79    | 0.03%             | 2028-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| Concentrix Corp.                                                                    | Concentrix Corp.                                                                    | CUSIP: 20602DAB7<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |    500000 | PA      | $523704.21    | 0.06%             | 2028-08-02      | Fixed         | 6.60%                 | No            |                  2 | On Loan: —       |
| American Honda Finance Corp.                                                        | American Honda Finance Corp.                                                        | CUSIP: 026657AT3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    480000 | PA      | $512861.15    | 0.06%             | 2028-07-07      | Fixed         | 0.30%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco US Inc.                                                               | Neptune Bidco US Inc.                                                               | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    750000 | PA      | $726562.50    | 0.08%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                              | Truist Financial Corp.                                                              | CUSIP: 89788MAG7<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298591.89    | 0.03%             | 2028-06-06      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| IHO Verwaltungs GmbH                                                                | IHO Verwaltungs GmbH                                                                | CUSIP: 44963BAD0<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    300000 | PA      | $300615.30    | 0.03%             | 2029-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Cencora, Inc.                                                                       | Cencora, Inc.                                                                       | CUSIP: 03073EAP0<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |    500000 | PA      | $488909.38    | 0.05%             | 2027-12-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CVR Partners L.P./ CVR Nitrogen Finance Corp.                                       | CVR Partners L.P./ CVR Nitrogen Finance Corp.                                       | CUSIP: 12663QAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $208634.54    | 0.02%             | 2028-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Kyndryl Holdings, Inc.                                                              | Kyndryl Holdings, Inc.                                                              | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193872.24    | 0.02%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Synovus Financial Corp.                                                             | Synovus Financial Corp.                                                             | CUSIP: 87161CAP0<br>LEI: 549300EIUS8UN5JTLE54 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102870.46    | 0.01%             | 2030-11-01      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                   | CUSIP: BJ1181772<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    100000 | PA      | $109284.79    | 0.01%             | 2030-05-04      | Variable      | 1.74%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | Forward Foreign Currency Contract                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $12061.84     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Aktieselskabet Arbejdernes Landsbank                                                | Aktieselskabet Arbejdernes Landsbank                                                | CUSIP: ZD3419508<br>LEI: 549300D6BJ7XOO03RR69 | Long             | DBT              | CORP              | DK        |    100000 | PA      | $118784.78    | 0.01%             | 2029-03-14      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                                                        | National Australia Bank Ltd.                                                        | CUSIP: 63253QAB0<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $254347.73    | 0.03%             | 2028-01-12      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Deluxe Corp.                                                                        | Deluxe Corp.                                                                        | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |    400000 | PA      | $412294.40    | 0.05%             | 2029-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                                               | Athene Global Funding                                                               | CUSIP: BR2436425<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    300000 | PA      | $335244.85    | 0.04%             | 2026-09-10      | Fixed         | 0.37%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc.                                                                  | Herc Holdings Inc.                                                                  | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    160000 | PA      | $159475.13    | 0.02%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| Danfoss Finance I B.V.                                                              | Danfoss Finance I B.V.                                                              | CUSIP: BP1098741<br>LEI: 549300LGLOQFR0NQEZ82 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $106130.95    | 0.01%             | 2028-10-28      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Valero Energy Corp.                                                                 | Valero Energy Corp.                                                                 | CUSIP: 91913YBF6<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203631.76    | 0.02%             | 2030-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Siemens Financieringsmaatschappij N.V.                                              | Siemens Financieringsmaatschappij N.V.                                              | CUSIP: BU6018974<br>LEI: TAFO772JB70PDRN5VS48 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $106433.73    | 0.01%             | 2030-02-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| AXIS Specialty Finance PLC                                                          | AXIS Specialty Finance PLC                                                          | CUSIP: 05464HAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    200000 | PA      | $197164.92    | 0.02%             | 2027-12-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Abertis France                                                                      | Abertis France                                                                      | CUSIP: N/A<br>LEI: 9695004S3RCE0Q5V8G28       | Long             | DBT              | CORP              | FR        |    100000 | PA      | $107945.60    | 0.01%             | 2029-09-18      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Cheniere Corpus Christi Holdings, LLC                                               | Cheniere Corpus Christi Holdings, LLC                                               | CUSIP: 16412XAG0<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125908.42    | 0.01%             | 2027-06-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| TransCanada Pipelines Ltd.                                                          | TransCanada Pipelines Ltd.                                                          | CUSIP: 89352HAW9<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $298254.82    | 0.03%             | 2028-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| QVC, Inc.                                                                           | QVC, Inc.                                                                           | CUSIP: 747262BA0<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |    138000 | PA      | $62700.41     | 0.01%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| Pacific Gas and Electric Co.                                                        | Pacific Gas and Electric Co.                                                        | CUSIP: 694308JW8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     85000 | PA      | $80958.22     | 0.01%             | 2028-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Invesco S&P 500 Equal Weight Income Advantage ETF                                   | Invesco S&P 500 Equal Weight Income Advantage ETF                                   | CUSIP: 46090A697<br>LEI: 254900E7R8EPN4480A52 | Long             | EC               | RF                | US        |   4732000 | NS      | $236126800.00 | 26.45%            |  |  |  | No            |                  1 | On Loan: —       |
| Hilcorp Energy I, L.P.                                                              | Hilcorp Energy I, L.P.                                                              | CUSIP: 431318BE3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192767.24    | 0.02%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Huntington National Bank (The)                                                      | Huntington National Bank (The)                                                      | CUSIP: 44644MAJ0<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |    250000 | PA      | $259026.18    | 0.03%             | 2030-01-10      | Fixed         | 5.65%                 | No            |                  2 | On Loan: —       |
| Owens & Minor, Inc.                                                                 | Owens & Minor, Inc.                                                                 | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |    300000 | PA      | $270420.80    | 0.03%             | 2030-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| Service Properties Trust                                                            | Service Properties Trust                                                            | CUSIP: 44106MAW2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    297000 | PA      | $290074.17    | 0.03%             | 2027-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| Codere New Topco S.A.                                                               | Codere New Topco S.A.                                                               | CUSIP: N/A<br>LEI: 222100ZJU57ZQLLYNO89       | N/A              | DE               | CORP              | LU        |      3393 | NS      | $58081.35     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Sandvik AB                                                                          | Sandvik AB                                                                          | CUSIP: BS4991763<br>LEI: 5299008ZUAXN43LVZF54 | Long             | DBT              | CORP              | SE        |    110000 | PA      | $117129.52    | 0.01%             | 2028-11-25      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Carlsberg Breweries A/S                                                             | Carlsberg Breweries A/S                                                             | CUSIP: AZ1871062<br>LEI: 5493008YL42784DMWN61 | Long             | DBT              | CORP              | DK        |    110000 | PA      | $116890.79    | 0.01%             | 2029-07-01      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                    | CVS Health Corp.                                                                    | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    400000 | PA      | $412536.00    | 0.05%             | 2055-03-10      | Variable      | 7.00%                 | No            |                  2 | On Loan: —       |
| Westpac Banking Corp.                                                               | Westpac Banking Corp.                                                               | CUSIP: AT5191446<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $221621.79    | 0.02%             | 2028-07-17      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Triodos Bank N.V.                                                                   | Triodos Bank N.V.                                                                   | CUSIP: YV5085209<br>LEI: 724500PMK2A2M1SQQ228 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $118258.54    | 0.01%             | 2029-09-12      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| iShares J.P. Morgan USD Emerging Markets Bond ETF                                   | iShares J.P. Morgan USD Emerging Markets Bond ETF                                   | CUSIP: 464288281<br>LEI: 54930070R8WH6MNUJG74 | Long             | EC               | RF                | US        |    180000 | NS      | $16716600.00  | 1.87%             |  |  |  | No            |                  1 | On Loan: —       |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                      | CUSIP: 172967ME8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    300000 | PA      | $293704.77    | 0.03%             | 2030-03-20      | Variable      | 3.98%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp                                                                        | U.S. Bancorp                                                                        | CUSIP: 91159HJM3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    500000 | PA      | $517770.30    | 0.06%             | 2029-06-12      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                  | Newell Brands Inc.                                                                  | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    236000 | PA      | $235395.53    | 0.03%             | 2029-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Rockies Express Pipeline LLC                                                        | Rockies Express Pipeline LLC                                                        | CUSIP: 77340RAD9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    366000 | PA      | $376869.83    | 0.04%             | 2038-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CNH Industrial Capital LLC                                                          | CNH Industrial Capital LLC                                                          | CUSIP: 12592BAS3<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203328.86    | 0.02%             | 2029-04-20      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PepsiCo Singapore Financing I Pte. Ltd.                                             | PepsiCo Singapore Financing I Pte. Ltd.                                             | CUSIP: 713466AA8<br>LEI: 254900DOMTCMUFROFJ76 | Long             | DBT              | CORP              | SG        |    600000 | PA      | $604482.28    | 0.07%             | 2027-02-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Advantage Sales & Marketing Inc.                                                    | Advantage Sales & Marketing Inc.                                                    | CUSIP: 00775PAA5<br>LEI: 549300T4O24KQDED1182 | Long             | DBT              | CORP              | US        |    220000 | PA      | $165198.00    | 0.02%             | 2028-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Invesco Treasury Portfolio                                                          | Invesco Treasury Portfolio, Institutional Class                                     | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |   6809534 | NS      | $6809533.54   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC                                                  | Coca-Cola Europacific Partners PLC                                                  | CUSIP: BM7554330<br>LEI: 549300LTH67W4GWMRF57 | Long             | DBT              | CORP              | GB        |    110000 | PA      | $116171.89    | 0.01%             | 2028-12-02      | Fixed         | 0.20%                 | No            |                  2 | On Loan: No      |
| Harvest Midstream I, L.P.                                                           | Harvest Midstream I, L.P.                                                           | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    210000 | PA      | $212742.81    | 0.02%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc.                                                               | Cleveland-Cliffs Inc.                                                               | CUSIP: 185899AL5<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    160000 | PA      | $142134.37    | 0.02%             | 2031-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| ZF North America Capital, Inc.                                                      | ZF North America Capital, Inc.                                                      | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    600000 | PA      | $582045.12    | 0.07%             | 2030-04-14      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                                                                | American Tower Corp.                                                                | CUSIP: 03027XBV1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    305000 | PA      | $300636.04    | 0.03%             | 2027-03-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corp.                                                                      | M&T Bank Corp.                                                                      | CUSIP: 55261FAS3<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    500000 | PA      | $541305.13    | 0.06%             | 2029-10-30      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| CSX Corp.                                                                           | CSX Corp.                                                                           | CUSIP: 126408HH9<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    230000 | PA      | $225688.30    | 0.03%             | 2027-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Domtar Corp.                                                                        | Domtar Corp.                                                                        | CUSIP: 70478JAA2<br>LEI: XYSIJOU3HNVROZWNA008 | Long             | DBT              | CORP              | US        |    480000 | PA      | $418589.38    | 0.05%             | 2028-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                           | CUSIP: 91282CET4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1050000 | PA      | $1025288.08   | 0.11%             | 2027-05-31      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Bills                                                                 | U.S. Treasury Bills                                                                 | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    994000 | PA      | $962418.01    | 0.11%             | 2026-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | Euro-Bobl Future                                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       -51 | NC      | $55778.84     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                 | Tokyo Stock Price Index Future                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        20 | NC      | $208206.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Jyske Bank A/S                                                                      | Jyske Bank A/S                                                                      | CUSIP: ZN2457788<br>LEI: 3M5E1GQGKL17HI6CPN30 | Long             | DBT              | CORP              | DK        |    200000 | PA      | $237235.68    | 0.03%             | 2027-11-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Atkore Inc.                                                                         | Atkore Inc.                                                                         | CUSIP: 047649AA6<br>LEI: 52990002TI38AM4RPV48 | Long             | DBT              | CORP              | US        |    720000 | PA      | $665297.71    | 0.07%             | 2031-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| Ally Financial Inc.                                                                 | Ally Financial Inc.                                                                 | CUSIP: 02005NBU3<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $105458.40    | 0.01%             | 2030-01-03      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| CNH Industrial Finance Europe S.A.                                                  | CNH Industrial Finance Europe S.A.                                                  | CUSIP: AZ3421676<br>LEI: 5493007GVB1I2FDSS786 | Long             | DBT              | CORP              | LU        |    330000 | PA      | $360741.30    | 0.04%             | 2029-07-03      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| LGI Homes, Inc.                                                                     | LGI Homes, Inc.                                                                     | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    508000 | PA      | $463586.12    | 0.05%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Ep Infrastructure, As                                                               | Ep Infrastructure, As                                                               | CUSIP: AZ7666532<br>LEI: 315700I4J1M1NKGWWY89 | Long             | DBT              | CORP              | CZ        |    110000 | PA      | $124434.03    | 0.01%             | 2026-07-30      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Nykredit Realkredit A/S                                                             | Nykredit Realkredit A/S                                                             | CUSIP: ZM9735071<br>LEI: LIU16F6VZJSD6UKHD557 | Long             | DBT              | CORP              | DK        |    200000 | PA      | $237132.54    | 0.03%             | 2028-07-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                                                         | Nationwide Building Society                                                         | CUSIP: YM0168091<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $358489.51    | 0.04%             | 2028-10-29      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| OI European Group B.V.                                                              | OI European Group B.V.                                                              | CUSIP: 67777LAD5<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |    480000 | PA      | $455309.06    | 0.05%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| DISH Network Corp.                                                                  | DISH Network Corp.                                                                  | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    530000 | PA      | $552430.13    | 0.06%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Grand Canyon University                                                             | Grand Canyon University                                                             | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $483811.20    | 0.05%             | 2028-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                                                     | Air Lease Corp.                                                                     | CUSIP: 00912XBF0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90179.67     | 0.01%             | 2028-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                    | CVS Health Corp.                                                                    | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300998.40    | 0.03%             | 2054-12-10      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel                                                  | Banque Federative du Credit Mutuel                                                  | CUSIP: AP9090964<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $222716.35    | 0.02%             | 2027-11-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                                               | International Business Machines Corp.                                               | CUSIP: 459200JU6<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    100000 | PA      | $112409.05    | 0.01%             | 2027-01-29      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| IHO Verwaltungs GmbH                                                                | IHO Verwaltungs GmbH                                                                | CUSIP: 44963BAG3<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $205777.40    | 0.02%             | 2032-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ANZ New Zealand (Int'l) Ltd.                                                        | ANZ New Zealand (Int'l) Ltd.                                                        | CUSIP: BR4645387<br>LEI: 213800VD256NU2D97H12 | Long             | DBT              | CORP              | NZ        |    230000 | PA      | $250227.38    | 0.03%             | 2027-09-23      | Fixed         | 0.20%                 | No            |                  2 | On Loan: No      |
| M.D.C. Holdings, Inc.                                                               | M.D.C. Holdings, Inc.                                                               | CUSIP: 552676AT5<br>LEI: 5299005FV4VNV75R8R35 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95204.70     | 0.01%             | 2030-01-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: —       |
| California Resources Corp.                                                          | California Resources Corp.                                                          | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |    310000 | PA      | $318721.90    | 0.04%             | 2029-06-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Comerica Inc.                                                                       | Comerica Inc.                                                                       | CUSIP: 200340AT4<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |    500000 | PA      | $488624.93    | 0.05%             | 2029-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Pattern Energy Operations L.P./ Pattern Energy Operations Inc.                      | Pattern Energy Operations L.P./ Pattern Energy Operations Inc.                      | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $203758.57    | 0.02%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RCI Banque S.A.                                                                     | RCI Banque S.A.                                                                     | CUSIP: ZF0684901<br>LEI: 96950001WI712W7PQG45 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $234548.35    | 0.03%             | 2029-01-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Ltd.                                                     | Fairfax Financial Holdings Ltd.                                                     | CUSIP: 303901BB7<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $75462.17     | 0.01%             | 2028-04-17      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                                                         | ONEOK, Inc.                                                                         | CUSIP: 682680BJ1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103194.87    | 0.01%             | 2028-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Energy Transfer L.P.                                                                | Energy Transfer L.P.                                                                | CUSIP: 29278NAF0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    230000 | PA      | $232475.17    | 0.03%             | 2028-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Block Financial LLC                                                                 | Block Financial LLC                                                                 | CUSIP: 093662AJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    380000 | PA      | $357627.88    | 0.04%             | 2028-07-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MidCap Financial Issuer Trust                                                       | MidCap Financial Issuer Trust                                                       | CUSIP: 59590AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $267248.88    | 0.03%             | 2030-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Seaspan Corp.                                                                       | Seaspan Corp.                                                                       | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |    276000 | PA      | $263053.39    | 0.03%             | 2029-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                                                     | Nordea Bank Abp                                                                     | CUSIP: AP2204141<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |    100000 | PA      | $111397.92    | 0.01%             | 2027-09-27      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc.                                                       | Univision Communications Inc.                                                       | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304948.50    | 0.03%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| Allianz Finance II B.V.                                                             | Allianz Finance II B.V.                                                             | CUSIP: BS4766751<br>LEI: 529900C9NVPTCPDI1D65 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $111136.83    | 0.01%             | 2026-11-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | E-Mini Russell 2000 Index Future                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        11 | NC      | $22661.37     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial, Inc.                                                          | Corebridge Financial, Inc.                                                          | CUSIP: 21871XAD1<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128117.33    | 0.01%             | 2027-04-05      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Amcor UK Finance PLC                                                                | Amcor UK Finance PLC                                                                | CUSIP: 0234EVAA9<br>LEI: 549300DEUV6BE727FP17 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $222634.54    | 0.02%             | 2027-06-23      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                  | State Street Corp.                                                                  | CUSIP: 857477CW1<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    400000 | PA      | $404551.80    | 0.05%             | 2030-02-28      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| EDP Finance B.V.                                                                    | EDP Finance B.V.                                                                    | CUSIP: ZR5456655<br>LEI: 5299007L43AQDFOW5739 | Long             | DBT              | CORP              | NL        |    110000 | PA      | $123005.41    | 0.01%             | 2026-09-16      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | Euro-Schatz Future                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |      -235 | NC      | $102045.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker, Inc.                                                        | Stanley Black & Decker, Inc.                                                        | CUSIP: 854502AL5<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |    300000 | PA      | $268069.54    | 0.03%             | 2030-03-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: —       |
| Banco Santander S.A.                                                                | Banco Santander S.A.                                                                | CUSIP: ZB4597280<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $236611.93    | 0.03%             | 2029-04-22      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ITT Holdings LLC                                                                    | ITT Holdings LLC                                                                    | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |    417000 | PA      | $397573.55    | 0.04%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TGS ASA                                                                             | TGS ASA                                                                             | CUSIP: 87243KAA7<br>LEI: 549300NUPLAXPB0WYH90 | Long             | DBT              | CORP              | NO        |    260000 | PA      | $265873.53    | 0.03%             | 2030-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc.                                                                    | Xcel Energy Inc.                                                                    | CUSIP: 98389BAW0<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    400000 | PA      | $369780.36    | 0.04%             | 2029-12-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: —       |
| General Motors Financial Co., Inc.                                                  | General Motors Financial Co., Inc.                                                  | CUSIP: 37045XDP8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    230000 | PA      | $214843.22    | 0.02%             | 2028-10-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: —       |
| Landesbank Baden-Wuerttemberg                                                       | Landesbank Baden-Wuerttemberg                                                       | CUSIP: ZQ3266678<br>LEI: 529900C4RSSBWXBSY931 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $104383.67    | 0.01%             | 2029-11-05      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| B.A.T Capital Corp.                                                                 | B.A.T Capital Corp.                                                                 | CUSIP: 05526DBJ3<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    134000 | PA      | $132131.86    | 0.01%             | 2026-09-06      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| Edison International                                                                | Edison International                                                                | CUSIP: 281020AM9<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97011.18     | 0.01%             | 2028-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                                                 | CommonSpirit Health                                                                 | CUSIP: 20268JAK9<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    460000 | PA      | $475463.21    | 0.05%             | 2027-11-01      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| PACCAR Financial Corp.                                                              | PACCAR Financial Corp.                                                              | CUSIP: 69371RS80<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |    230000 | PA      | $232544.52    | 0.03%             | 2029-01-31      | Fixed         | 4.60%                 | No            |                  2 | On Loan: —       |
| OP Corporate Bank PLC                                                               | OP Corporate Bank PLC                                                               | CUSIP: BZ6652342<br>LEI: 549300NQ588N7RWKBP98 | Long             | DBT              | CORP              | FI        |    100000 | PA      | $117450.78    | 0.01%             | 2027-04-18      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Embecta Corp.                                                                       | Embecta Corp.                                                                       | CUSIP: 29082KAA3<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |    280000 | PA      | $254203.75    | 0.03%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| XPLR Infrastructure Operating Partners, L.P.                                        | XPLR Infrastructure Operating Partners, L.P.                                        | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    245000 | PA      | $237447.02    | 0.03%             | 2027-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc.                                                       | Thermo Fisher Scientific Inc.                                                       | CUSIP: 883556CB6<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    410000 | PA      | $445954.15    | 0.05%             | 2028-03-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Bayer AG                                                                            | Bayer AG                                                                            | CUSIP: BK3220856<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $210211.37    | 0.02%             | 2030-01-06      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Valaris Ltd.                                                                        | Valaris Ltd.                                                                        | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    210000 | PA      | $217098.05    | 0.02%             | 2030-04-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| N/A                                                                                 | E-Mini S&P 500 Index Future                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         2 | NC      | $34191.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore Capital Finance DAC                                                        | Glencore Capital Finance DAC                                                        | CUSIP: N/A<br>LEI: 213800HCUCI1HC7X6Q34       | Long             | DBT              | CORP              | IE        |    110000 | PA      | $116749.36    | 0.01%             | 2029-03-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc.                                                        | Honeywell International Inc.                                                        | CUSIP: 438516BH8<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    170000 | PA      | $194139.47    | 0.02%             | 2028-02-22      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| athenahealth Group Inc.                                                             | athenahealth Group Inc.                                                             | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196770.38    | 0.02%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Sirius XM Radio LLC.                                                                | Sirius XM Radio LLC.                                                                | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    820000 | PA      | $780978.25    | 0.09%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                           | CUSIP: 91282CKV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1800000 | PA      | $1821410.15   | 0.20%             | 2027-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                        | UBS Group AG                                                                        | CUSIP: ZN2761189<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    200000 | PA      | $256446.92    | 0.03%             | 2029-03-01      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                                                     | Nordea Bank Abp                                                                     | CUSIP: YX4977998<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |    110000 | PA      | $128920.07    | 0.01%             | 2029-06-11      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Stellantis N.V.                                                                     | Stellantis N.V.                                                                     | CUSIP: BK3068016<br>LEI: 549300LKT9PW7ZIBDF31 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $238779.14    | 0.03%             | 2028-07-07      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Wynn Macau, Ltd.                                                                    | Wynn Macau, Ltd.                                                                    | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    520000 | PA      | $514651.50    | 0.06%             | 2028-08-26      | Fixed         | 5.62%                 | No            |                  2 | On Loan: —       |
| Swedbank AB                                                                         | Swedbank AB                                                                         | CUSIP: ZH9734935<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |    200000 | PA      | $239501.95    | 0.03%             | 2028-11-13      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Global Atlantic (Fin) Co.                                                           | Global Atlantic (Fin) Co.                                                           | CUSIP: 37959GAC1<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    320000 | PA      | $313306.90    | 0.04%             | 2051-10-15      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| Telenet Finance Luxembourg Notes S.a.r.l.                                           | Telenet Finance Luxembourg Notes S.a.r.l.                                           | CUSIP: AQ2322842<br>LEI: 2138007RI9GLJPCC3E25 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $396964.74    | 0.04%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                   | CUSIP: JK8319614<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    100000 | PA      | $112904.66    | 0.01%             | 2026-10-26      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Avnet, Inc.                                                                         | Avnet, Inc.                                                                         | CUSIP: 053807AW3<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | DBT              | CORP              | US        |    230000 | PA      | $238644.36    | 0.03%             | 2028-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc.                                                                  | Iron Mountain Inc.                                                                  | CUSIP: 46284VAC5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    168000 | PA      | $166829.85    | 0.02%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| EnerSys                                                                             | EnerSys                                                                             | CUSIP: 29275YAC6<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | DBT              | CORP              | US        |    160000 | PA      | $157355.25    | 0.02%             | 2027-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips Co.                                                                  | ConocoPhillips Co.                                                                  | CUSIP: 20826FBJ4<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202224.74    | 0.02%             | 2030-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Allegiant Travel Co.                                                                | Allegiant Travel Co.                                                                | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |    410000 | PA      | $410147.19    | 0.05%             | 2027-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Sempra                                                                              | Sempra                                                                              | CUSIP: 816851BA6<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    920000 | PA      | $899193.12    | 0.10%             | 2027-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc.                                                        | Honeywell International Inc.                                                        | CUSIP: 438516CX2<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    400000 | PA      | $402666.29    | 0.05%             | 2027-07-30      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| Swedbank AB                                                                         | Swedbank AB                                                                         | CUSIP: BS1418356<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |    110000 | PA      | $122645.93    | 0.01%             | 2026-11-02      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC                             | Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC                             | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $286050.80    | 0.03%             | 2032-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc.                                                                          | IQVIA Inc.                                                                          | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    419000 | PA      | $416901.78    | 0.05%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                       | Enbridge Inc.                                                                       | CUSIP: 29250NAL9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    230000 | PA      | $229309.85    | 0.03%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                | CUSIP: 46625HNJ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75058.99     | 0.01%             | 2027-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                           | CUSIP: 91282CJR3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5971875.00   | 0.67%             | 2028-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Volkswagen Leasing Gesellschaft mit beschraenkter Haftung                           | Volkswagen Leasing Gesellschaft mit beschraenkter Haftung                           | CUSIP: BP4855774<br>LEI: 5299004GLEUX88BSNB74 | Long             | DBT              | CORP              | DE        |     85000 | PA      | $95143.77     | 0.01%             | 2026-07-20      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                                                         | Toronto-Dominion Bank (The)                                                         | CUSIP: 89115A2U5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    230000 | PA      | $237099.01    | 0.03%             | 2028-07-17      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Wynn Macau, Ltd.                                                                    | Wynn Macau, Ltd.                                                                    | CUSIP: 98313RAD8<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    300000 | PA      | $299227.26    | 0.03%             | 2027-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| Lanxess AG                                                                          | Lanxess AG                                                                          | CUSIP: BV2249076<br>LEI: 529900PTLRE72EMYIJ77 | Long             | DBT              | CORP              | DE        |    300000 | PA      | $333621.14    | 0.04%             | 2028-03-22      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| PetSmart Inc / PetSmart Finance Corp.                                               | PetSmart Inc / PetSmart Finance Corp.                                               | CUSIP: 71677KAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    372000 | PA      | $364518.19    | 0.04%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Nomura Holdings, Inc.                                                               | Nomura Holdings, Inc.                                                               | CUSIP: 65535HAW9<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $194748.96    | 0.02%             | 2026-07-14      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Macy's Retail Holdings, LLC                                                         | Macy's Retail Holdings, LLC                                                         | CUSIP: 55617LAR3<br>LEI: 549300JMONK27O4SQQ19 | Long             | DBT              | CORP              | US        |    300000 | PA      | $287703.47    | 0.03%             | 2032-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Autostrade Per L'Italia S.p.A.                                                      | Autostrade Per L'Italia S.p.A.                                                      | CUSIP: BN4840177<br>LEI: 815600149448CEB9B230 | Long             | DBT              | CORP              | IT        |    150000 | PA      | $164334.13    | 0.02%             | 2030-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                                                                | American Tower Corp.                                                                | CUSIP: 03027XAW0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194322.65    | 0.02%             | 2029-08-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                   | CUSIP: 404280DG1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $607288.93    | 0.07%             | 2028-08-11      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| Sanofi                                                                              | Sanofi, Series 12FX                                                                 | CUSIP: AR7572159<br>LEI: 549300E9PC51EN656011 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $215523.72    | 0.02%             | 2030-03-21      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| TWDC Enterprises 18 Corp.                                                           | TWDC Enterprises 18 Corp.                                                           | CUSIP: 25468PDM5<br>LEI: 7260JQNI6SCF9FIV2392 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195398.25    | 0.02%             | 2026-07-30      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Nucor Corp.                                                                         | Nucor Corp.                                                                         | CUSIP: 670346AP0<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99175.10     | 0.01%             | 2028-05-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                                            | John Deere Capital Corp.                                                            | CUSIP: 24422EXM6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    190000 | PA      | $191888.92    | 0.02%             | 2027-03-05      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                                  | General Motors Financial Co., Inc.                                                  | CUSIP: BR2434396<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    480000 | PA      | $513067.52    | 0.06%             | 2028-09-07      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC / Acrisure Finance Inc.                                                | Acrisure LLC / Acrisure Finance Inc.                                                | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $289446.92    | 0.03%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                                                                       | Centene Corp.                                                                       | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     60000 | PA      | $54743.81     | 0.01%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Algonquin Power & Utilities Corp.                                                   | Algonquin Power & Utilities Corp.                                                   | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |    160000 | PA      | $155486.46    | 0.02%             | 2082-01-18      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                     | CUSIP: 38141GZR8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    105000 | PA      | $103469.05    | 0.01%             | 2028-03-15      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Linde Finance B.V.                                                                  | Linde Finance B.V.                                                                  | CUSIP: BJ4446123<br>LEI: 5H8RMHHYTWIP1RKLCE38 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $110279.13    | 0.01%             | 2027-05-19      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Deutsche Lufthansa AG                                                               | Deutsche Lufthansa AG                                                               | CUSIP: BS3793780<br>LEI: 529900PH63HYJ86ASW55 | Long             | DBT              | CORP              | DE        |    300000 | PA      | $343728.94    | 0.04%             | 2027-05-16      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Boston Scientific Corp.                                                             | Boston Scientific Corp.                                                             | CUSIP: ZQ4919481<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | DBT              | CORP              | US        |    500000 | PA      | $548743.89    | 0.06%             | 2027-12-01      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                           | CUSIP: 9128284N7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  24000000 | PA      | $23363906.16  | 2.62%             | 2028-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Highwoods Realty L.P.                                                               | Highwoods Realty L.P.                                                               | CUSIP: 431282AS1<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |    300000 | PA      | $273275.11    | 0.03%             | 2030-02-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Ryder System, Inc.                                                                  | Ryder System, Inc.                                                                  | CUSIP: 78355HLD9<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    560000 | PA      | $566903.81    | 0.06%             | 2029-12-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                                            | John Deere Capital Corp.                                                            | CUSIP: 24422EXB0<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    620000 | PA      | $634228.82    | 0.07%             | 2028-07-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                                           | Toyota Motor Credit Corp.                                                           | CUSIP: 89236TDR3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98497.99     | 0.01%             | 2027-01-11      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Ipsos                                                                               | Ipsos                                                                               | CUSIP: YS6003745<br>LEI: 9695002OY2X35E9X8W87 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $116679.54    | 0.01%             | 2030-01-22      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc.                            | Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc.                            | CUSIP: 05723KAE0<br>LEI: 549300XU3XH6F05YEQ93 | Long             | DBT              | CORP              | US        |    155000 | PA      | $151450.42    | 0.02%             | 2027-12-15      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| Resideo Funding Inc.                                                                | Resideo Funding Inc.                                                                | CUSIP: 76119LAB7<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    250000 | PA      | $234040.70    | 0.03%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Linde PLC                                                                           | Linde PLC                                                                           | CUSIP: ZK8853721<br>LEI: 5299003QR1WT0EF88V51 | Long             | DBT              | CORP              | IE        |    100000 | PA      | $117506.59    | 0.01%             | 2029-06-12      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Baxter International Inc.                                                           | Baxter International Inc.                                                           | CUSIP: 071813CP2<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    545000 | PA      | $507117.05    | 0.06%             | 2028-12-01      | Fixed         | 2.27%                 | No            |                  2 | On Loan: —       |
| OneMain Finance Corp.                                                               | OneMain Finance Corp.                                                               | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    635000 | PA      | $620094.96    | 0.07%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Autostrade Per L'Italia S.p.A.                                                      | Autostrade Per L'Italia S.p.A.                                                      | CUSIP: BM8534356<br>LEI: 815600149448CEB9B230 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $111602.55    | 0.01%             | 2028-12-04      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Open Text Holdings, Inc.                                                            | Open Text Holdings, Inc.                                                            | CUSIP: 683720AA4<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | US        |    320000 | PA      | $300263.07    | 0.03%             | 2030-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | U.S. Treasury Long Bond Future                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        76 | NC      | $12530.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Belo Corp.                                                                          | Belo Corp.                                                                          | CUSIP: 080555AF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    573000 | PA      | $592279.73    | 0.07%             | 2027-09-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SunCoke Energy, Inc.                                                                | SunCoke Energy, Inc.                                                                | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |    300000 | PA      | $274630.53    | 0.03%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| Smiths Group PLC                                                                    | Smiths Group PLC                                                                    | CUSIP: AM5448155<br>LEI: 213800MJL6IPZS3ASA11 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $226448.23    | 0.03%             | 2027-02-23      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                                           | Toyota Motor Credit Corp.                                                           | CUSIP: 89236THG3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    300000 | PA      | $282136.78    | 0.03%             | 2027-08-13      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                | CUSIP: 46647PBR6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72075.19     | 0.01%             | 2028-06-01      | Variable      | 2.18%                 | No            |                  2 | On Loan: —       |
| NatWest Group PLC                                                                   | NatWest Group PLC                                                                   | CUSIP: 639057AF5<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    230000 | PA      | $234531.18    | 0.03%             | 2028-09-30      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| TWDC Enterprises 18 Corp.                                                           | TWDC Enterprises 18 Corp.                                                           | CUSIP: 25468PDV5<br>LEI: 7260JQNI6SCF9FIV2392 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196057.54    | 0.02%             | 2027-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| WPP Finance Deutschland GmbH                                                        | WPP Finance Deutschland GmbH                                                        | CUSIP: EK8033491<br>LEI: 549300187TP95ZWG8155 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $105995.31    | 0.01%             | 2030-03-23      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Conduent Business Services LLC / Conduent State & Local Solutions Inc.              | Conduent Business Services LLC / Conduent State & Local Solutions Inc.              | CUSIP: 20679LAB7<br>LEI: 54930026CNAIP718XD30 | Long             | DBT              | CORP              | US        |    193000 | PA      | $183571.68    | 0.02%             | 2029-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                               | CUSIP: 06051GGL7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    230000 | PA      | $227002.14    | 0.03%             | 2028-04-24      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| Beazer Homes USA, Inc.                                                              | Beazer Homes USA, Inc.                                                              | CUSIP: 07556QBR5<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    305000 | PA      | $304472.29    | 0.03%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| Santander Holdings USA, Inc.                                                        | Santander Holdings USA, Inc.                                                        | CUSIP: 80282KBC9<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96928.85     | 0.01%             | 2028-01-06      | Variable      | 2.49%                 | No            |                  2 | On Loan: —       |
| Comcast Corp.                                                                       | Comcast Corp.                                                                       | CUSIP: 20030NDK4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    230000 | PA      | $226190.17    | 0.03%             | 2027-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                         | AbbVie Inc.                                                                         | CUSIP: 00287YBV0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    570000 | PA      | $560134.75    | 0.06%             | 2026-11-21      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ASB Bank Ltd.                                                                       | ASB Bank Ltd.                                                                       | CUSIP: BR2431749<br>LEI: 549300IBZWZL1KTPF918 | Long             | DBT              | CORP              | NZ        |    300000 | PA      | $318799.61    | 0.04%             | 2028-09-08      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                              | Standard Chartered PLC                                                              | CUSIP: BS4036007<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    480000 | PA      | $512851.63    | 0.06%             | 2029-11-17      | Variable      | 0.80%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                           | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 119600000 | PA      | $114610437.50 | 12.84%            | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Lloyds Bank Corporate Markets PLC                                                   | Lloyds Bank Corporate Markets PLC                                                   | CUSIP: ZK7503491<br>LEI: 213800MBWEIJDM5CU638 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $235570.96    | 0.03%             | 2027-05-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                      | CUSIP: 172967KY6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196977.35    | 0.02%             | 2026-10-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                                                        | New York Life Global Funding                                                        | CUSIP: ZP5395931<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    100000 | PA      | $110739.27    | 0.01%             | 2027-01-23      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| NuStar Logistics, L.P.                                                              | NuStar Logistics, L.P.                                                              | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    555000 | PA      | $558204.40    | 0.06%             | 2027-04-28      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BHP Billiton Finance Ltd.                                                           | BHP Billiton Finance Ltd., Series 17                                                | CUSIP: EK8757685<br>LEI: 549300KZMIS43NMT0A66 | Long             | DBT              | CORP              | AU        |    100000 | PA      | $107281.49    | 0.01%             | 2030-04-29      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Civitas Resources, Inc.                                                             | Civitas Resources, Inc.                                                             | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    600000 | PA      | $608153.22    | 0.07%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| Fresenius Finance Ireland PLC                                                       | Fresenius Finance Ireland PLC                                                       | CUSIP: N/A<br>LEI: 549300GFSOR556BX2290       | Long             | DBT              | CORP              | IE        |     80000 | PA      | $85715.56     | 0.01%             | 2028-10-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                           | CUSIP: 91282CKJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21700000 | PA      | $21882246.15  | 2.45%             | 2027-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Standard Industries, Inc.                                                           | Standard Industries, Inc.                                                           | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    320000 | PA      | $303166.11    | 0.03%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | MSCI Emerging Markets Index Future                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       280 | NC      | $369417.98    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VMED 02 UK Financing I PLC                                                          | VMED 02 UK Financing I PLC                                                          | CUSIP: 92858RAD2<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    520000 | PA      | $542336.60    | 0.06%             | 2032-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CGI Inc.                                                                            | CGI Inc.                                                                            | CUSIP: 12532HAK0<br>LEI: 549300WSRCZY73ZG3090 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $101254.03    | 0.01%             | 2030-03-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Viasat, Inc.                                                                        | Viasat, Inc.                                                                        | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |    680000 | PA      | $677361.24    | 0.08%             | 2027-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: —       |
| Energy Transfer L.P.                                                                | Energy Transfer L.P.                                                                | CUSIP: 29278NAN3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50727.22     | 0.01%             | 2027-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Conagra Brands, Inc.                                                                | Conagra Brands, Inc.                                                                | CUSIP: 205887CF7<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |    300000 | PA      | $278814.09    | 0.03%             | 2027-11-01      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                                                                          | Apple Inc.                                                                          | CUSIP: 037833DN7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    750000 | PA      | $732557.85    | 0.08%             | 2026-09-11      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                                                            | Svenska Handelsbanken AB                                                            | CUSIP: BS0686011<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |    110000 | PA      | $122518.97    | 0.01%             | 2026-11-03      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                                               | Westpac Banking Corp.                                                               | CUSIP: 961214DC4<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    460000 | PA      | $452368.99    | 0.05%             | 2026-08-19      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | FTSE 100 Index Future                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        23 | NC      | $73113.35     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Navient Corp.                                                                       | Navient Corp.                                                                       | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    210000 | PA      | $207850.56    | 0.02%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jaguar Land Rover Automotive PLC                                                    | Jaguar Land Rover Automotive PLC                                                    | CUSIP: 47010BAF1<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |    212000 | PA      | $208210.12    | 0.02%             | 2027-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CNH Industrial Capital LLC                                                          | CNH Industrial Capital LLC                                                          | CUSIP: 12592BAQ7<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    155000 | PA      | $155289.85    | 0.02%             | 2028-04-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| goeasy Ltd.                                                                         | goeasy Ltd.                                                                         | CUSIP: 380355AN7<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    450000 | PA      | $459267.30    | 0.05%             | 2030-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| Edison International                                                                | Edison International                                                                | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    350000 | PA      | $344076.43    | 0.04%             | 2053-06-15      | Variable      | 8.12%                 | No            |                  2 | On Loan: —       |
| Boston Properties L.P.                                                              | Boston Properties L.P.                                                              | CUSIP: 10112RBA1<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99060.55     | 0.01%             | 2028-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| NE Property B.V.                                                                    | NE Property B.V.                                                                    | CUSIP: BT5130062<br>LEI: 7245006AG9J70KOIJH36 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $107920.92    | 0.01%             | 2030-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Capital One, N.A.                                                                   | Capital One, N.A.                                                                   | CUSIP: 25466AAJ0<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | DBT              | CORP              | US        |    550000 | PA      | $544399.17    | 0.06%             | 2026-07-27      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Chemours Co. (The)                                                                  | Chemours Co. (The)                                                                  | CUSIP: 163851AE8<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    287000 | PA      | $281397.44    | 0.03%             | 2027-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| International Business Machines Corp.                                               | International Business Machines Corp.                                               | CUSIP: AN6306376<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    110000 | PA      | $120446.61    | 0.01%             | 2029-05-23      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Financial Services, Inc.                                            | Harley-Davidson Financial Services, Inc.                                            | CUSIP: YQ0121158<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |    100000 | PA      | $115395.81    | 0.01%             | 2030-03-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                 | Ally Financial Inc.                                                                 | CUSIP: 02005NBT6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    500000 | PA      | $525890.50    | 0.06%             | 2029-06-13      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| IPALCO Enterprises, Inc.                                                            | IPALCO Enterprises, Inc.                                                            | CUSIP: 462613AP5<br>LEI: 5493000YFVK2DZX0JV43 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95985.52     | 0.01%             | 2030-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Rakuten Group, Inc.                                                                 | Rakuten Group, Inc.                                                                 | CUSIP: 75102WAG3<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $542676.54    | 0.06%             | 2027-02-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| Noble Finance II LLC                                                                | Noble Finance II LLC                                                                | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    610000 | PA      | $622713.62    | 0.07%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ACCO Brands Corp.                                                                   | ACCO Brands Corp.                                                                   | CUSIP: 00081TAK4<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | DBT              | CORP              | US        |    620000 | PA      | $550217.20    | 0.06%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| BNP Paribas                                                                         | BNP Paribas                                                                         | CUSIP: JK3544075<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $114682.68    | 0.01%             | 2026-10-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                                                                       | Comcast Corp.                                                                       | CUSIP: 20030NEA5<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    300000 | PA      | $306676.77    | 0.03%             | 2027-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: —       |
| Bank of Nova Scotia (The)                                                           | Bank of Nova Scotia (The)                                                           | CUSIP: 06418GAK3<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $414652.80    | 0.05%             | 2029-08-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd.                                                                | Macquarie Group Ltd.                                                                | CUSIP: BT4887084<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |    410000 | PA      | $439042.39    | 0.05%             | 2029-01-19      | Fixed         | 0.94%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                     | CUSIP: 38141GXG4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    200000 | PA      | $184826.30    | 0.02%             | 2030-02-07      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                   | Crown Castle Inc.                                                                   | CUSIP: 22822VAL5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    400000 | PA      | $395143.54    | 0.04%             | 2029-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Enerflex Ltd.                                                                       | Enerflex Ltd.                                                                       | CUSIP: 29269RAA3<br>LEI: 54930014N7872VUS3F89 | Long             | DBT              | CORP              | CA        |    320000 | PA      | $330645.76    | 0.04%             | 2027-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Fortrea Holdings Inc.                                                               | Fortrea Holdings Inc.                                                               | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |    260000 | PA      | $238042.09    | 0.03%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| Banco Santander S.A.                                                                | Banco Santander S.A.                                                                | CUSIP: ZP7937532<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $222361.78    | 0.02%             | 2027-02-04      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                                                        | Mizuho Financial Group, Inc.                                                        | CUSIP: 60687YCP2<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    920000 | PA      | $947895.74    | 0.11%             | 2029-05-27      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| Steelcase Inc.                                                                      | Steelcase Inc.                                                                      | CUSIP: 858155AE4<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | DBT              | CORP              | US        |    353000 | PA      | $348140.81    | 0.04%             | 2029-01-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MPT Operating Partnership L.P./ MPT Finance Corp.                                   | MPT Operating Partnership L.P./ MPT Finance Corp.                                   | CUSIP: 55342UAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $228329.95    | 0.03%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc.                                                               | Keurig Dr Pepper Inc.                                                               | CUSIP: 26138EAU3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244976.63    | 0.03%             | 2026-09-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp. (The)                                                          | Charles Schwab Corp. (The)                                                          | CUSIP: 808513CJ2<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $527815.19    | 0.06%             | 2029-11-17      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                                                                       | Centene Corp.                                                                       | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90106.89     | 0.01%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                           | CUSIP: 91282CDQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13100000 | PA      | $12598771.47  | 1.41%             | 2026-12-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                    | Paramount Global                                                                    | CUSIP: 124857AX1<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121138.05    | 0.01%             | 2028-06-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Santander Holdings USA, Inc.                                                        | Santander Holdings USA, Inc.                                                        | CUSIP: 80282KBF2<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    380000 | PA      | $395716.88    | 0.04%             | 2029-03-09      | Variable      | 6.50%                 | No            |                  2 | On Loan: —       |
| Energy Transfer L.P.                                                                | Energy Transfer L.P.                                                                | CUSIP: 292480AK6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59827.50     | 0.01%             | 2027-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc.                                                                     | S&P Global Inc.                                                                     | CUSIP: 78409VBJ2<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    200000 | PA      | $189163.73    | 0.02%             | 2029-03-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                | CUSIP: 46647PEJ1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203432.97    | 0.02%             | 2030-07-22      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                                                        | Mizuho Financial Group, Inc.                                                        | CUSIP: 60687YCZ0<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $413681.19    | 0.05%             | 2029-07-06      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| Volkswagen Financial Services AG                                                    | Volkswagen Financial Services AG                                                    | CUSIP: BQ8993702<br>LEI: 529900SSGT49ZZSWYE62 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $101202.24    | 0.01%             | 2030-02-12      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Tapestry, Inc.                                                                      | Tapestry, Inc.                                                                      | CUSIP: 189754AC8<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |     59000 | PA      | $58586.63     | 0.01%             | 2027-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Elia Transmission Belgium S.A.                                                      | Elia Transmission Belgium S.A.                                                      | CUSIP: EJ5906411<br>LEI: 549300A3EZXECDLW2V25 | Long             | DBT              | CORP              | BE        |    200000 | PA      | $232355.40    | 0.03%             | 2028-04-04      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Capital One, N.A.                                                                   | Capital One, N.A.                                                                   | CUSIP: 25466AAP6<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502489.67    | 0.06%             | 2028-09-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CoreCivic, Inc.                                                                     | CoreCivic, Inc.                                                                     | CUSIP: 21871NAA9<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |    160000 | PA      | $156590.38    | 0.02%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JCDecaux SE                                                                         | JCDecaux SE                                                                         | CUSIP: BT9772554<br>LEI: 9695009KV7AFPDEI5S30 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $214084.20    | 0.02%             | 2030-02-07      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                                               | Westpac Banking Corp.                                                               | CUSIP: 961214DW0<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    105000 | PA      | $103202.08    | 0.01%             | 2028-01-25      | Fixed         | 3.40%                 | No            |                  2 | On Loan: —       |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                           | CUSIP: 91282CKP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22700000 | PA      | $23260849.58  | 2.61%             | 2029-04-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                                               | Clydesdale Acquisition Holdings, Inc.                                               | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204997.00    | 0.02%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                               | CUSIP: 06051GHM4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    570000 | PA      | $567986.94    | 0.06%             | 2029-07-23      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| Adams Homes, Inc.                                                                   | Adams Homes, Inc.                                                                   | CUSIP: 00623PAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $296232.42    | 0.03%             | 2028-10-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PACCAR Financial Corp.                                                              | PACCAR Financial Corp.                                                              | CUSIP: 69371RS56<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201526.85    | 0.02%             | 2026-08-10      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                                                                          | Apple Inc.                                                                          | CUSIP: 037833AV2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    100000 | PA      | $113425.89    | 0.01%             | 2026-11-10      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| ams-OSRAM AG                                                                        | ams-OSRAM AG                                                                        | CUSIP: 03217CAB2<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |    279000 | PA      | $301039.72    | 0.03%             | 2029-03-30      | Fixed         | 12.25%                | No            |                  2 | On Loan: —       |
| Kite Realty Group, L.P.                                                             | Kite Realty Group, L.P.                                                             | CUSIP: 49803XAA1<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |    400000 | PA      | $396416.96    | 0.04%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Lloyds Banking Group PLC                                                            | Lloyds Banking Group PLC                                                            | CUSIP: 53944YAZ6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $202242.34    | 0.02%             | 2028-01-05      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| Methanex Corp.                                                                      | Methanex Corp.                                                                      | CUSIP: 59151KAM0<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |    540000 | PA      | $537710.18    | 0.06%             | 2027-10-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Digital Dutch Finco B.V.                                                            | Digital Dutch Finco B.V.                                                            | CUSIP: ZP3544753<br>LEI: 549300ONZ5IS6B6IMJ70 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $106329.18    | 0.01%             | 2030-03-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Eni S.p.A.                                                                          | Eni S.p.A.                                                                          | CUSIP: AM0925751<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |    421000 | PA      | $475293.36    | 0.05%             | 2027-01-17      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Southwest Gas Corp.                                                                 | Southwest Gas Corp.                                                                 | CUSIP: 845011AH8<br>LEI: OQQR1IQTGBKH0UR88X59 | Long             | DBT              | CORP              | US        |     80000 | PA      | $81798.46     | 0.01%             | 2028-03-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GGAM Finance Ltd.                                                                   | GGAM Finance Ltd.                                                                   | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    280000 | PA      | $288545.38    | 0.03%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BHP Billiton Finance (USA) Ltd.                                                     | BHP Billiton Finance (USA) Ltd.                                                     | CUSIP: 055451BJ6<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $204902.16    | 0.02%             | 2030-02-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Italgas S.p.A.                                                                      | Italgas S.p.A.                                                                      | CUSIP: AM1349407<br>LEI: 815600F25FF44EF1FA76 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $112859.08    | 0.01%             | 2027-01-19      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Codere Online Luxembourg, S.A.                                                      | Codere Online Luxembourg, S.A.                                                      | CUSIP: N/A<br>LEI: 254900XO1NR6U7L1Y209       | N/A              | DE               | CORP              | LU        |         5 | NS      | $22.82        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Resorts World Las Vegas LLC / RWLV Capital Inc.                                     | Resorts World Las Vegas LLC / RWLV Capital Inc.                                     | CUSIP: 76120HAC1<br>LEI: 254900LHVH9D3APT8R82 | Long             | DBT              | CORP              | US        |    900000 | PA      | $746279.74    | 0.08%             | 2031-04-06      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Santander Consumer Finance, S.A.                                                    | Santander Consumer Finance, S.A.                                                    | CUSIP: ZQ4918905<br>LEI: 5493000LM0MZ4JPMGM90 | Long             | DBT              | CORP              | ES        |    100000 | PA      | $111720.50    | 0.01%             | 2026-11-14      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Hamburg Commercial Bank AG                                                          | Hamburg Commercial Bank AG                                                          | CUSIP: ZB6576316<br>LEI: TUKDD90GPC79G1KOE162 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $242465.86    | 0.03%             | 2029-05-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Aareal Bank AG                                                                      | Aareal Bank AG                                                                      | CUSIP: N/A<br>LEI: EZKODONU5TYHW4PP1R34       | Long             | DBT              | CORP              | DE        |    100000 | PA      | $110749.25    | 0.01%             | 2027-04-07      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp                                                                        | U.S. Bancorp                                                                        | CUSIP: 91159HJF8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150289.32    | 0.02%             | 2028-07-22      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                                                            | Venture Global LNG, Inc.                                                            | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    200000 | PA      | $207196.71    | 0.02%             | 2028-06-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Wintershall Dea Finance BV (1)                                                      | Wintershall Dea Finance BV (1)                                                      | CUSIP: ZR6354826<br>LEI: 529900SUC9JUI6M74U66 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $108395.06    | 0.01%             | 2028-09-25      | Fixed         | 1.33%                 | No            |                  2 | On Loan: No      |
| NIBC Bank N.V.                                                                      | NIBC Bank N.V.                                                                      | CUSIP: BR2441862<br>LEI: B64D6Y3LBJS4ANNPCU93 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $111584.49    | 0.01%             | 2026-09-09      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Randstad N.V.                                                                       | Randstad N.V.                                                                       | CUSIP: ZD3954389<br>LEI: 7245009EAAUUQJ0U4T57 | Long             | DBT              | CORP              | NL        |    220000 | PA      | $256893.34    | 0.03%             | 2029-03-12      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                         | AbbVie Inc.                                                                         | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    230000 | PA      | $233710.05    | 0.03%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Nomura Holdings, Inc.                                                               | Nomura Holdings, Inc.                                                               | CUSIP: 65535HAQ2<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $186283.01    | 0.02%             | 2030-01-16      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Organon & Co. / Organon Foreign Debt Co-Issuer B.V.                                 | Organon & Co. / Organon Foreign Debt Co-Issuer B.V.                                 | CUSIP: 68622FAA9<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |    200000 | PA      | $188845.60    | 0.02%             | 2034-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Fortis Inc.                                                                         | Fortis Inc.                                                                         | CUSIP: 349553AM9<br>LEI: 549300MQYQ9Y065XPR71 | Long             | DBT              | CORP              | CA        |    190000 | PA      | $186366.92    | 0.02%             | 2026-10-04      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| FS KKR Capital Corp.                                                                | FS KKR Capital Corp.                                                                | CUSIP: 302635AP2<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150589.82    | 0.02%             | 2030-01-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| IBM International Capital Pte. Ltd.                                                 | IBM International Capital Pte. Ltd.                                                 | CUSIP: 449276AC8<br>LEI: 2549007KTXQQBYZO7485 | Long             | DBT              | CORP              | SG        |    170000 | PA      | $171349.33    | 0.02%             | 2029-02-05      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                               | CUSIP: 06051GGR4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    170000 | PA      | $167316.31    | 0.02%             | 2028-07-21      | Variable      | 3.59%                 | No            |                  2 | On Loan: No      |
| Global Payments Inc.                                                                | Global Payments Inc.                                                                | CUSIP: 37940XAG7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    110000 | PA      | $106292.79    | 0.01%             | 2027-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: —       |
| PRA Group, Inc.                                                                     | PRA Group, Inc.                                                                     | CUSIP: 69354NAE6<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    441000 | PA      | $451545.07    | 0.05%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                                                                          | Apple Inc.                                                                          | CUSIP: 037833CR9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    135000 | PA      | $133027.04    | 0.01%             | 2027-05-11      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Visa Inc.                                                                           | Visa Inc.                                                                           | CUSIP: 92826CAS1<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    110000 | PA      | $122924.11    | 0.01%             | 2029-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                                               | Westpac Banking Corp.                                                               | CUSIP: 961214EW9<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    400000 | PA      | $372175.18    | 0.04%             | 2028-11-20      | Fixed         | 1.95%                 | No            |                  2 | On Loan: —       |
| United Rentals (North America), Inc.                                                | United Rentals (North America), Inc.                                                | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    160000 | PA      | $159140.42    | 0.02%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| Bristol-Myers Squibb Co.                                                            | Bristol-Myers Squibb Co.                                                            | CUSIP: 110122DE5<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    680000 | PA      | $675067.66    | 0.08%             | 2028-02-20      | Fixed         | 3.90%                 | No            |                  2 | On Loan: —       |
| XPLR Infrastructure Operating Partners, L.P.                                        | XPLR Infrastructure Operating Partners, L.P.                                        | CUSIP: 65342QAL6<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    550000 | PA      | $538394.62    | 0.06%             | 2026-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets PLC                                                              | BP Capital Markets PLC                                                              | CUSIP: AT3437940<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $334049.48    | 0.04%             | 2028-07-03      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| Open Text Holdings, Inc.                                                            | Open Text Holdings, Inc.                                                            | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    257000 | PA      | $234161.98    | 0.03%             | 2031-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: —       |
| BP Capital Markets America Inc.                                                     | BP Capital Markets America Inc.                                                     | CUSIP: 10373QCB4<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203717.06    | 0.02%             | 2029-11-25      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| Comerica Inc.                                                                       | Comerica Inc.                                                                       | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154269.08    | 0.02%             | 2030-01-30      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| ITM Entreprises                                                                     | ITM Entreprises                                                                     | CUSIP: YW2906801<br>LEI: 969500LMMR83QL6TLK43 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $122443.86    | 0.01%             | 2029-07-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                  | National Rural Utilities Cooperative Finance Corp.                                  | CUSIP: 63743HFX5<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203916.16    | 0.02%             | 2030-02-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Standard Industries, Inc.                                                           | Standard Industries, Inc.                                                           | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    320000 | PA      | $315871.78    | 0.04%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Ardonagh Finco Ltd.                                                                 | Ardonagh Finco Ltd.                                                                 | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    610000 | PA      | $636554.52    | 0.07%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel                                                  | Banque Federative du Credit Mutuel                                                  | CUSIP: ZM4992768<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $353873.38    | 0.04%             | 2028-01-26      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Cabot Corp.                                                                         | Cabot Corp.                                                                         | CUSIP: 127055AL5<br>LEI: K05C0SER542GQ6VLRO68 | Long             | DBT              | CORP              | US        |    400000 | PA      | $391662.98    | 0.04%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Brightstar Lottery PLC                                                              | Brightstar Lottery PLC                                                              | CUSIP: 460599AD5<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    241000 | PA      | $243605.83    | 0.03%             | 2027-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Highwoods Realty L.P.                                                               | Highwoods Realty L.P.                                                               | CUSIP: 431282AR3<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |    260000 | PA      | $252555.95    | 0.03%             | 2029-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                               | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    460000 | PA      | $449257.89    | 0.05%             | 2028-12-20      | Variable      | 3.42%                 | No            |                  2 | On Loan: No      |
| Dassault Systemes                                                                   | Dassault Systemes                                                                   | CUSIP: ZR5213726<br>LEI: 96950065LBWY0APQIM86 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $445774.56    | 0.05%             | 2026-09-16      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Organon & Co. / Organon Foreign Debt Co-Issuer B.V.                                 | Organon & Co. / Organon Foreign Debt Co-Issuer B.V.                                 | CUSIP: 68622TAA9<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |    200000 | PA      | $189434.86    | 0.02%             | 2028-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: —       |
| Paramount Global                                                                    | Paramount Global                                                                    | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    680000 | PA      | $670566.80    | 0.08%             | 2062-03-30      | Variable      | 6.38%                 | No            |                  2 | On Loan: —       |
| Hamburger Sparkasse AG                                                              | Hamburger Sparkasse AG                                                              | CUSIP: ZH0454400<br>LEI: 529900F5KTT6ZUPA8N40 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $121255.34    | 0.01%             | 2029-02-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Odeon Finco PLC                                                                     | Odeon Finco PLC                                                                     | CUSIP: 67585LAA3<br>LEI: 9845003ECF9901CC5382 | Long             | DBT              | CORP              | GB        |    217000 | PA      | $226342.94    | 0.03%             | 2027-11-01      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                           | CUSIP: 91282CBB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4625976.55   | 0.52%             | 2027-12-31      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                                               | Sumitomo Mitsui Financial Group, Inc.                                               | CUSIP: 86562MCH1<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    460000 | PA      | $444619.15    | 0.05%             | 2026-09-17      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Ryder System, Inc.                                                                  | Ryder System, Inc.                                                                  | CUSIP: 78355HLC1<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    400000 | PA      | $405479.18    | 0.05%             | 2029-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| Clarivate Science Holdings Corp.                                                    | Clarivate Science Holdings Corp.                                                    | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $287013.29    | 0.03%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                    | CUSIP: 718172DA4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    400000 | PA      | $409701.81    | 0.05%             | 2030-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Whirlpool Finance Luxembourg S.a.r.l.                                               | Whirlpool Finance Luxembourg S.a.r.l.                                               | CUSIP: AP8871794<br>LEI: 549300W5K7SGG3H6B058 | Long             | DBT              | CORP              | LU        |    340000 | PA      | $368264.46    | 0.04%             | 2027-11-09      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| Altice France S.A.                                                                  | Altice France S.A.                                                                  | CUSIP: 02156LAA9<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    353000 | PA      | $327412.28    | 0.04%             | 2027-02-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | U.S. Treasury 10 Year Notes Future                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        26 | NC      | $23855.75     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                                                                   | Eversource Energy                                                                   | CUSIP: 30040WAW8<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104220.56    | 0.01%             | 2029-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                                                         | Toronto-Dominion Bank (The)                                                         | CUSIP: 89115A2M3<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $101778.90    | 0.01%             | 2028-01-10      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Ares Capital Corp.                                                                  | Ares Capital Corp.                                                                  | CUSIP: 04010LBB8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    110000 | PA      | $103979.68    | 0.01%             | 2028-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Mercialys                                                                           | Mercialys                                                                           | CUSIP: BU6029252<br>LEI: 969500081CGAXB7YS433 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $112926.69    | 0.01%             | 2029-02-28      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corp.                                                                | Sprint Capital Corp.                                                                | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |     70000 | PA      | $74856.72     | 0.01%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                                          | Cloud Software Group, Inc.                                                          | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    400000 | PA      | $414236.40    | 0.05%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Calpine Corp.                                                                       | Calpine Corp.                                                                       | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296925.96    | 0.03%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Consolidated Energy Finance S.A.                                                    | Consolidated Energy Finance S.A.                                                    | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    300000 | PA      | $282274.84    | 0.03%             | 2031-02-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                                   | NatWest Group PLC                                                                   | CUSIP: BR3767174<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $107238.32    | 0.01%             | 2029-09-14      | Variable      | 0.67%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                  | Newell Brands Inc.                                                                  | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202190.03    | 0.02%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Invesco Private Prime Fund                                                          | Invesco Private Prime Fund                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  31871595 | NS      | $31871595.04  | 3.57%             |  |  |  | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings, Inc.                                                          | WarnerMedia Holdings, Inc.                                                          | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    600000 | PA      | $401583.00    | 0.04%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Swedbank AB                                                                         | Swedbank AB                                                                         | CUSIP: BW6672230<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |    100000 | PA      | $113820.48    | 0.01%             | 2027-05-25      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Brighthouse Financial, Inc.                                                         | Brighthouse Financial, Inc.                                                         | CUSIP: 10922NAC7<br>LEI: 5493003T8SZSHOGGAW52 | Long             | DBT              | CORP              | US        |    170000 | PA      | $165777.76    | 0.02%             | 2027-06-22      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Credit Agricole S.A.                                                                | Credit Agricole S.A.                                                                | CUSIP: BU6272118<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $217417.50    | 0.02%             | 2029-02-24      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                                                            | Venture Global LNG, Inc.                                                            | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    400000 | PA      | $431827.54    | 0.05%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| Tallgrass Energy Partners L.P./ Tallgrass Energy Finance Corp.                      | Tallgrass Energy Partners L.P./ Tallgrass Energy Finance Corp.                      | CUSIP: 87470LAD3<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |    210000 | PA      | $208289.59    | 0.02%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| R.R. Donnelley & Sons Co.                                                           | R.R. Donnelley & Sons Co.                                                           | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    600000 | PA      | $613638.00    | 0.07%             | 2029-08-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp., Series L                                                     | CUSIP: 06051GGC7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99476.22     | 0.01%             | 2027-11-25      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| Mineral Resources Ltd.                                                              | Mineral Resources Ltd.                                                              | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $254387.08    | 0.03%             | 2027-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Goodyear Tire & Rubber Co. (The)                                                    | Goodyear Tire & Rubber Co. (The)                                                    | CUSIP: 382550BG5<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    465000 | PA      | $463311.59    | 0.05%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| Volkswagen Leasing Gesellschaft mit beschraenkter Haftung                           | Volkswagen Leasing Gesellschaft mit beschraenkter Haftung                           | CUSIP: BP4855790<br>LEI: 5299004GLEUX88BSNB74 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $208454.86    | 0.02%             | 2029-07-19      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Procter & Gamble Co. (The)                                                          | Procter & Gamble Co. (The)                                                          | CUSIP: EG4262457<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |     75000 | PA      | $89540.98     | 0.01%             | 2027-05-11      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Ceska sporitelna, a.s.                                                              | Ceska sporitelna, a.s.                                                              | CUSIP: ZJ0516295<br>LEI: 9KOGW2C2FCIOJQ7FF485 | Long             | DBT              | CORP              | CZ        |    300000 | PA      | $351914.25    | 0.04%             | 2027-06-29      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc.                                                               | Cleveland-Cliffs Inc.                                                               | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299745.48    | 0.03%             | 2031-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Leasys S.p.A.                                                                       | Leasys S.p.A.                                                                       | CUSIP: ZG0558772<br>LEI: 5493009CCXH3RNCA7U43 | Long             | DBT              | CORP              | IT        |    110000 | PA      | $129159.83    | 0.01%             | 2027-02-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | U.S. Treasury 5 Year Notes Future                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       288 | NC      | $25252.94     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo Capital PLC                                                                  | Diageo Capital PLC                                                                  | CUSIP: 25243YBB4<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $185219.54    | 0.02%             | 2029-10-24      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                      | CUSIP: 61747YFH3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    460000 | PA      | $485596.75    | 0.05%             | 2029-11-01      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| Hamburg Commercial Bank AG                                                          | Hamburg Commercial Bank AG                                                          | CUSIP: N/A<br>LEI: TUKDD90GPC79G1KOE162       | Long             | DBT              | CORP              | DE        |    220000 | PA      | $260201.30    | 0.03%             | 2027-03-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AES Corp. (The)                                                                     | AES Corp. (The)                                                                     | CUSIP: 00130HCH6<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |     80000 | PA      | $81322.58     | 0.01%             | 2028-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| Westpac Securities NZ Ltd.                                                          | Westpac Securities NZ Ltd.                                                          | CUSIP: BS8959170<br>LEI: 549300W0N3O6Q4RCKE25 | Long             | DBT              | CORP              | NZ        |    340000 | PA      | $378127.55    | 0.04%             | 2026-12-14      | Fixed         | 0.43%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC / Directv Financing Co-Obligor Inc.                           | Directv Financing LLC / Directv Financing Co-Obligor Inc.                           | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $398051.40    | 0.04%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                                                   | Duke Energy Corp.                                                                   | CUSIP: BW9551233<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    110000 | PA      | $126777.75    | 0.01%             | 2028-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                                        | Pacific Gas and Electric Co.                                                        | CUSIP: 694308KL0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    230000 | PA      | $237946.10    | 0.03%             | 2029-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Discovery Communications, LLC                                                       | Discovery Communications, LLC                                                       | CUSIP: 25470DBS7<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    241000 | PA      | $232113.13    | 0.03%             | 2028-03-20      | Fixed         | 3.95%                 | No            |                  2 | On Loan: —       |
| B.A.T. International Finance PLC                                                    | B.A.T. International Finance PLC                                                    | CUSIP: EK1055137<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $577156.35    | 0.06%             | 2029-03-06      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Virgin Media Secured Finance PLC                                                    | Virgin Media Secured Finance PLC                                                    | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $186164.64    | 0.02%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                                                         | Intel Corp.                                                                         | CUSIP: 458140BY5<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295659.34    | 0.03%             | 2027-08-05      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Elenia Verkko OYJ                                                                   | Elenia Verkko OYJ                                                                   | CUSIP: ZP7940551<br>LEI: 743700XGU4ZB5G4RPK50 | Long             | DBT              | CORP              | FI        |    470000 | PA      | $519890.49    | 0.06%             | 2027-02-06      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings LLC                                                            | Celanese US Holdings LLC                                                            | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    350000 | PA      | $358964.20    | 0.04%             | 2027-07-15      | Fixed         | 6.67%                 | No            |                  2 | On Loan: —       |
| Brandywine Operating Partnership, L.P.                                              | Brandywine Operating Partnership, L.P.                                              | CUSIP: 105340AR4<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              | CORP              | US        |    420000 | PA      | $446029.92    | 0.05%             | 2028-03-15      | Fixed         | 8.30%                 | No            |                  2 | On Loan: —       |
| Fresenius Medical Care AG                                                           | Fresenius Medical Care AG                                                           | CUSIP: BY9994553<br>LEI: 549300CP8NY40UP89Q40 | Long             | DBT              | CORP              | DE        |    360000 | PA      | $422522.80    | 0.05%             | 2027-09-20      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                                  | General Motors Financial Co., Inc.                                                  | CUSIP: 37045XEN2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    500000 | PA      | $515670.77    | 0.06%             | 2029-01-07      | Fixed         | 5.80%                 | No            |                  2 | On Loan: —       |
| Mid-America Apartments, L.P.                                                        | Mid-America Apartments, L.P.                                                        | CUSIP: 59523UAN7<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              | CORP              | US        |    460000 | PA      | $453973.00    | 0.05%             | 2027-06-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Credit Mutuel Arkea                                                                 | Credit Mutuel Arkea                                                                 | CUSIP: ZR8273206<br>LEI: 96950041VJ1QP0B69503 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $106459.02    | 0.01%             | 2028-10-03      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Aptiv Swiss Holdings Ltd.                                                           | Aptiv Swiss Holdings Ltd.                                                           | CUSIP: 03837AAD2<br>LEI: 254900HTTDFIJZ32GX53 | Long             | DBT              | CORP              | JE        |    210000 | PA      | $211909.32    | 0.02%             | 2054-12-15      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| JetBlue Airways Corp. / JetBlue Loyalty L.P.                                        | JetBlue Airways Corp. / JetBlue Loyalty L.P.                                        | CUSIP: 476920AA1<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | CORP              | US        |    300000 | PA      | $290304.03    | 0.03%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| WarnerMedia Holdings, Inc.                                                          | WarnerMedia Holdings, Inc.                                                          | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    600000 | PA      | $563751.00    | 0.06%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Global Net Lease Inc / Global Net Lease Operating Partnership L.P.                  | Global Net Lease Inc / Global Net Lease Operating Partnership L.P.                  | CUSIP: 37892AAA8<br>LEI: 549300NUYANCT5SU8Z65 | Long             | DBT              | CORP              | US        |    160000 | PA      | $152646.80    | 0.02%             | 2027-12-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | Forward Foreign Currency Contract                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $898844.19    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| MGM China Holdings Ltd.                                                             | MGM China Holdings Ltd.                                                             | CUSIP: 55300RAG6<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |    246000 | PA      | $243754.68    | 0.03%             | 2027-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                                   | NatWest Group PLC                                                                   | CUSIP: BY7413457<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $235810.94    | 0.03%             | 2028-09-06      | Variable      | 4.07%                 | No            |                  2 | On Loan: No      |
| APA Infrastructure Ltd.                                                             | APA Infrastructure Ltd.                                                             | CUSIP: EK8055387<br>LEI: 261700SS8OEHDOCOUJ33 | Long             | DBT              | CORP              | AU        |    100000 | PA      | $113361.49    | 0.01%             | 2027-03-22      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PVH Corp.                                                                           | PVH Corp.                                                                           | CUSIP: AQ3361807<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $115180.14    | 0.01%             | 2027-12-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Newmark Group, Inc.                                                                 | Newmark Group, Inc.                                                                 | CUSIP: 65158NAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $169960.55    | 0.02%             | 2029-01-12      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Mitsubishi Ufj Financial Group, Inc.                                                | Mitsubishi Ufj Financial Group, Inc.                                                | CUSIP: 606822AR5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |     60000 | PA      | $58877.57     | 0.01%             | 2027-07-25      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| Service Properties Trust                                                            | Service Properties Trust                                                            | CUSIP: 44106MBB7<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    400000 | PA      | $352223.84    | 0.04%             | 2029-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| Cleveland-Cliffs Inc.                                                               | Cleveland-Cliffs Inc.                                                               | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    160000 | PA      | $156297.54    | 0.02%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| Entergy Louisiana, LLC                                                              | Entergy Louisiana, LLC                                                              | CUSIP: 29364WAY4<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    230000 | PA      | $224780.96    | 0.03%             | 2026-10-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                                           | Toyota Motor Credit Corp.                                                           | CUSIP: 89236TFT7<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    460000 | PA      | $450505.29    | 0.05%             | 2029-01-08      | Fixed         | 3.65%                 | No            |                  2 | On Loan: —       |
| Intel Corp.                                                                         | Intel Corp.                                                                         | CUSIP: 458140CF5<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    400000 | PA      | $406042.17    | 0.05%             | 2030-02-10      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Global Aircraft Leasing Co., Ltd.                                                   | Global Aircraft Leasing Co., Ltd.                                                   | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    450000 | PA      | $465249.47    | 0.05%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                              | Truist Financial Corp.                                                              | CUSIP: 89788MAL6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100925.80    | 0.01%             | 2029-01-26      | Variable      | 4.87%                 | No            |                  2 | On Loan: —       |
| UBS AG                                                                              | UBS AG                                                                              | CUSIP: 22550L2K6<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |    400000 | PA      | $404875.77    | 0.05%             | 2027-07-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knorr-Bremse AG                                                                     | Knorr-Bremse AG                                                                     | CUSIP: BY9998059<br>LEI: 5299001GRRO0Z25YZT52 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $116009.33    | 0.01%             | 2027-09-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc.                                                                     | S&P Global Inc.                                                                     | CUSIP: 78409VBH6<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    305000 | PA      | $296600.60    | 0.03%             | 2027-03-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                                          | Constellation Brands, Inc.                                                          | CUSIP: 21036PAQ1<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    117000 | PA      | $115828.58    | 0.01%             | 2026-12-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                                                     | AstraZeneca PLC                                                                     | CUSIP: 046353AT5<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |    920000 | PA      | $912589.34    | 0.10%             | 2029-01-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AusNet Services Holdings Pty Ltd.                                                   | AusNet Services Holdings Pty Ltd.                                                   | CUSIP: EK7552160<br>LEI: TTMIG9TE1S0X3ZPDHD61 | Long             | DBT              | CORP              | AU        |    100000 | PA      | $112343.20    | 0.01%             | 2027-02-26      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Invesco QQQ Income Advantage ETF                                                    | Invesco QQQ Income Advantage ETF                                                    | CUSIP: 46090A689<br>LEI: 254900ZOJ7ERT3IN7R51 | Long             | EC               | RF                | US        |   2110000 | NS      | $107230200.00 | 12.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Five Point Operating Co. L.P./ Five Point Capital Corp.                             | Five Point Operating Co. L.P./ Five Point Capital Corp.                             | CUSIP: 33834YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4000 | PA      | $4095.42      | 0.00%             | 2025-11-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                      | CUSIP: 61747YEV3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    170000 | PA      | $176493.58    | 0.02%             | 2028-10-18      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| Taylor Morrison Communities, Inc.                                                   | Taylor Morrison Communities, Inc.                                                   | CUSIP: 87724RAA0<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503983.54    | 0.06%             | 2027-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                                                                       | Comcast Corp.                                                                       | CUSIP: 20030NED9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201425.05    | 0.02%             | 2029-01-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Kyndryl Holdings, Inc.                                                              | Kyndryl Holdings, Inc.                                                              | CUSIP: 50155QAK6<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    920000 | PA      | $867283.60    | 0.10%             | 2028-10-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: —       |
| Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp.                           | Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp.                           | CUSIP: 75606DAS0<br>LEI: LF6PBYTYG3BDVEF4FI12 | Long             | DBT              | CORP              | US        |    614254 | PA      | $588816.14    | 0.07%             | 2030-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| United Airlines Pass-Through Trust                                                  | United Airlines Pass-Through Trust, Series 20-1                                     | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     73755 | PA      | $75223.08     | 0.01%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                           | CUSIP: 91282CMD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $4070937.52   | 0.46%             | 2029-12-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MPT Operating Partnership L.P./ MPT Finance Corp.                                   | MPT Operating Partnership L.P./ MPT Finance Corp.                                   | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $275495.40    | 0.03%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Emerson Electric Co.                                                                | Emerson Electric Co.                                                                | CUSIP: 291011BL7<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | DBT              | CORP              | US        |    240000 | PA      | $227825.38    | 0.03%             | 2027-10-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                   | Crown Castle Inc.                                                                   | CUSIP: 22822VAN1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    200000 | PA      | $187854.31    | 0.02%             | 2029-11-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: —       |
| American Tower Corp.                                                                | American Tower Corp.                                                                | CUSIP: 03027XAP5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    105000 | PA      | $103261.33    | 0.01%             | 2027-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| PBF Holding Co. LLC / PBF Finance Corp.                                             | PBF Holding Co. LLC / PBF Finance Corp.                                             | CUSIP: 69318FAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $237385.54    | 0.03%             | 2030-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| Banque Federative du Credit Mutuel                                                  | Banque Federative du Credit Mutuel                                                  | CUSIP: ZP3535157<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $207371.87    | 0.02%             | 2030-01-17      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA Holdings LLC                                                 | SCIL IV LLC / SCIL USA Holdings LLC                                                 | CUSIP: 78397UAA8<br>LEI: 9845009F6D37C41A8572 | Long             | DBT              | CORP              | US        |    582000 | PA      | $579255.40    | 0.06%             | 2026-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Raiffeisen Schweiz Genossenschaft                                                   | Raiffeisen Schweiz Genossenschaft                                                   | CUSIP: BZ7882054<br>LEI: 5299006GIHQ1ELISCV48 | Long             | DBT              | CORP              | CH        |    400000 | PA      | $483261.80    | 0.05%             | 2027-11-01      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Viatris Inc.                                                                        | Viatris Inc.                                                                        | CUSIP: 92556VAC0<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |     85000 | PA      | $80918.31     | 0.01%             | 2027-06-22      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| KBR, Inc.                                                                           | KBR, Inc.                                                                           | CUSIP: 48242WAC0<br>LEI: 254900OFQDXZRKRCV808 | Long             | DBT              | CORP              | US        |    400000 | PA      | $386708.00    | 0.04%             | 2028-09-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| Carnival Corp.                                                                      | Carnival Corp.                                                                      | CUSIP: 143658AH5<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    200000 | PA      | $206544.80    | 0.02%             | 2028-01-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| SM Energy Co.                                                                       | SM Energy Co.                                                                       | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300498.00    | 0.03%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                               | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    630000 | PA      | $612780.42    | 0.07%             | 2027-07-22      | Variable      | 1.73%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I, L.P.                                                              | Hilcorp Energy I, L.P.                                                              | CUSIP: 431318AU8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    210000 | PA      | $206459.51    | 0.02%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | Euro-Bund Future                                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       -17 | NC      | $17060.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc.                                                                   | Crown Castle Inc.                                                                   | CUSIP: 22822VAH4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    230000 | PA      | $225881.97    | 0.03%             | 2027-09-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Vier Gas Transport GmbH                                                             | Vier Gas Transport GmbH                                                             | CUSIP: AU4247188<br>LEI: 529900AGED6PJE9AVL37 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $220131.28    | 0.02%             | 2028-09-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| JDE Peet's N.V.                                                                     | JDE Peet's N.V.                                                                     | CUSIP: BS2883442<br>LEI: 724500EHG519SE5ZRT89 | Long             | DBT              | CORP              | NL        |    350000 | PA      | $380341.90    | 0.04%             | 2028-02-09      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                           | Ford Motor Credit Co. LLC                                                           | CUSIP: 345397C92<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    300000 | PA      | $309771.14    | 0.03%             | 2028-05-12      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| F.N.B. Corp.                                                                        | F.N.B. Corp.                                                                        | CUSIP: 302520AD3<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100729.68    | 0.01%             | 2030-12-11      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| VMware LLC                                                                          | VMware LLC                                                                          | CUSIP: 928563AE5<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130469.57    | 0.01%             | 2027-05-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| EMRLD Borrower L.P./ Emerald Co-Issuer Inc.                                         | EMRLD Borrower L.P./ Emerald Co-Issuer Inc.                                         | CUSIP: 26873CAB8<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206177.00    | 0.02%             | 2031-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Southwest Airlines Co.                                                              | Southwest Airlines Co.                                                              | CUSIP: 844741BE7<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121491.19    | 0.01%             | 2027-11-16      | Fixed         | 3.45%                 | No            |                  2 | On Loan: —       |
| Baidu, Inc.                                                                         | Baidu, Inc.                                                                         | CUSIP: 056752AL2<br>LEI: 254900AL64IANZYI1E02 | Long             | DBT              | CORP              | KY        |    300000 | PA      | $299647.03    | 0.03%             | 2028-03-29      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Tenneco Inc.                                                                        | Tenneco Inc.                                                                        | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |    660000 | PA      | $655571.94    | 0.07%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete, LLC                                                      | Smyrna Ready Mix Concrete, LLC                                                      | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    600000 | PA      | $631990.20    | 0.07%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                                            | John Deere Capital Corp.                                                            | CUSIP: 24422EXT1<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204033.01    | 0.02%             | 2029-06-11      | Fixed         | 4.85%                 | No            |                  2 | On Loan: —       |
| Venture Global LNG, Inc.                                                            | Venture Global LNG, Inc.                                                            | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    246000 | PA      | $254619.35    | 0.03%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| Moog Inc.                                                                           | Moog Inc.                                                                           | CUSIP: 615394AM5<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |    500000 | PA      | $488961.28    | 0.05%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| McCormick & Co., Inc.                                                               | McCormick & Co., Inc.                                                               | CUSIP: 579780AN7<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |    230000 | PA      | $225743.13    | 0.03%             | 2027-08-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| British Telecommunications PLC                                                      | British Telecommunications PLC                                                      | CUSIP: 111021AL5<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $406992.51    | 0.05%             | 2028-12-04      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                                                        | National Australia Bank Ltd.                                                        | CUSIP: 63253QAG9<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |    800000 | PA      | $816008.40    | 0.09%             | 2029-01-10      | Fixed         | 4.79%                 | No            |                  2 | On Loan: —       |
| CSC Holdings, LLC                                                                   | CSC Holdings, LLC                                                                   | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    452000 | PA      | $223275.62    | 0.03%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                                                        | Mizuho Financial Group, Inc.                                                        | CUSIP: 60687YAM1<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    230000 | PA      | $224538.92    | 0.03%             | 2027-09-11      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd.                                                                | Macquarie Group Ltd.                                                                | CUSIP: ZP6588427<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |    100000 | PA      | $111231.84    | 0.01%             | 2027-02-03      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Kommunalkredit Austria AG                                                           | Kommunalkredit Austria AG                                                           | CUSIP: ZD9254677<br>LEI: 549300IEVCBWVV97WC81 | Long             | DBT              | CORP              | AT        |    100000 | PA      | $121505.30    | 0.01%             | 2029-03-28      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp                                                                        | U.S. Bancorp                                                                        | CUSIP: 91159HJP6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    230000 | PA      | $236092.18    | 0.03%             | 2027-10-26      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| Veolia Environnement S.A.                                                           | Veolia Environnement S.A.                                                           | CUSIP: AN0221720<br>LEI: 969500LENY69X51OOT31 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $109534.53    | 0.01%             | 2029-04-03      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                      | CUSIP: ZL3435332<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    110000 | PA      | $131610.76    | 0.01%             | 2029-03-02      | Variable      | 4.66%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                                                         | Intel Corp.                                                                         | CUSIP: 458140AX8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    230000 | PA      | $224582.34    | 0.03%             | 2027-05-11      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Essity Capital B.V.                                                                 | Essity Capital B.V.                                                                 | CUSIP: BZ0250341<br>LEI: 549300SRFHCXJHBMHF58 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $229638.24    | 0.03%             | 2026-09-21      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                                            | John Deere Capital Corp.                                                            | CUSIP: 24422EXH7<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201335.69    | 0.02%             | 2029-01-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                                              | Mauser Packaging Solutions Holding Co.                                              | CUSIP: 57763RAC1<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    205000 | PA      | $203092.58    | 0.02%             | 2027-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Estee Lauder Cos. Inc. (The)                                                        | Estee Lauder Cos. Inc. (The)                                                        | CUSIP: 29736RAQ3<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | DBT              | CORP              | US        |    200000 | PA      | $183778.07    | 0.02%             | 2030-04-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: —       |
| SBA Communications Corp.                                                            | SBA Communications Corp.                                                            | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |    320000 | PA      | $314686.24    | 0.04%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| System Energy Resources, Inc.                                                       | System Energy Resources, Inc.                                                       | CUSIP: 871911AU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $155376.77    | 0.02%             | 2028-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc.                                                                    | Xcel Energy Inc.                                                                    | CUSIP: 98389BAU4<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147464.43    | 0.02%             | 2026-12-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Advance Auto Parts, Inc.                                                            | Advance Auto Parts, Inc.                                                            | CUSIP: 00751YAF3<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    560000 | PA      | $516038.49    | 0.06%             | 2027-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: —       |
| Southern Power Co.                                                                  | Southern Power Co.                                                                  | CUSIP: 843646AQ3<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    100000 | PA      | $113596.94    | 0.01%             | 2026-06-20      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | Forward Foreign Currency Contract                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-6815.18     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                    | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    180000 | PA      | $187895.87    | 0.02%             | 2029-11-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Volkswagen Leasing Gesellschaft mit beschraenkter Haftung                           | Volkswagen Leasing Gesellschaft mit beschraenkter Haftung                           | CUSIP: N/A<br>LEI: 5299004GLEUX88BSNB74       | Long             | DBT              | CORP              | DE        |    200000 | PA      | $241755.98    | 0.03%             | 2029-03-25      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Cable One, Inc.                                                                     | Cable One, Inc.                                                                     | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |    350000 | PA      | $269875.90    | 0.03%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                                                         | Crescent Energy Finance LLC                                                         | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    300000 | PA      | $293415.87    | 0.03%             | 2032-04-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: —       |
| WPC Eurobond B.V.                                                                   | WPC Eurobond B.V.                                                                   | CUSIP: AR5058805<br>LEI: 5493005XDMOLBARL5M14 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $113051.90    | 0.01%             | 2027-04-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Melco Resorts Finance Ltd.                                                          | Melco Resorts Finance Ltd.                                                          | CUSIP: 58547DAE9<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    319000 | PA      | $313127.49    | 0.04%             | 2028-07-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                           | CUSIP: 91282CKX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2530126.95   | 0.28%             | 2029-06-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Jefferies Finance LLC / JFIN Co-Issuer Corp.                                        | Jefferies Finance LLC / JFIN Co-Issuer Corp.                                        | CUSIP: 47232MAF9<br>LEI: 549300SKVB18YSSIDT75 | Long             | DBT              | CORP              | US        |    466000 | PA      | $449825.47    | 0.05%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Universal Health Services, Inc.                                                     | Universal Health Services, Inc.                                                     | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    134000 | PA      | $129367.29    | 0.01%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                   | Enterprise Products Operating LLC                                                   | CUSIP: 29379VBV4<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    400000 | PA      | $381708.85    | 0.04%             | 2029-07-31      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Lansforsakringar Bank AB                                                            | Lansforsakringar Bank AB                                                            | CUSIP: YS6724381<br>LEI: 549300C6TUMDXNOVXS82 | Long             | DBT              | CORP              | SE        |    200000 | PA      | $230733.36    | 0.03%             | 2030-01-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Invesco Government & Agency Portfolio                                               | Invesco Government & Agency Portfolio, Institutional Class                          | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |   3662512 | NS      | $3662512.50   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC Networks Inc.                                                                   | AMC Networks Inc.                                                                   | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    300000 | PA      | $308173.44    | 0.03%             | 2029-01-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| Willis North America Inc.                                                           | Willis North America Inc.                                                           | CUSIP: 970648AL5<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75385.22     | 0.01%             | 2027-06-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, N.A.                                                           | Morgan Stanley Bank, N.A.                                                           | CUSIP: 61690U7W4<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254601.95    | 0.03%             | 2026-10-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Berkshire Hathaway Inc.                                                             | Berkshire Hathaway Inc.                                                             | CUSIP: 084670BN7<br>LEI: 5493000C01ZX7D35SD85 | Long             | DBT              | CORP              | US        |    100000 | PA      | $112046.82    | 0.01%             | 2027-03-16      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Santander Consumer Finance, S.A.                                                    | Santander Consumer Finance, S.A.                                                    | CUSIP: ZF2346780<br>LEI: 5493000LM0MZ4JPMGM90 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $471724.98    | 0.05%             | 2029-01-17      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | U.S. Treasury 10 Year Ultra Future                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         3 | NC      | $-3614.08     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                                                    | Skandinaviska Enskilda Banken AB                                                    | CUSIP: BU1255019<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |    343000 | PA      | $378983.98    | 0.04%             | 2027-08-09      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                      | CUSIP: 172967NA5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    140000 | PA      | $136237.17    | 0.02%             | 2027-06-09      | Variable      | 1.46%                 | No            |                  2 | On Loan: —       |
| Tanger Properties L.P.                                                              | Tanger Properties L.P.                                                              | CUSIP: 875484AJ6<br>LEI: PQPGJDNFN35EXH363L31 | Long             | DBT              | CORP              | US        |    230000 | PA      | $225804.46    | 0.03%             | 2026-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Huntington National Bank (The)                                                      | Huntington National Bank (The)                                                      | CUSIP: 44644MAF8<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250351.56    | 0.03%             | 2028-05-17      | Variable      | 4.55%                 | No            |                  2 | On Loan: —       |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                   | CUSIP: 404280BT5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $799160.87    | 0.09%             | 2029-06-19      | Variable      | 4.58%                 | No            |                  2 | On Loan: No      |
| Avis Budget Car Rental, LLC                                                         | Avis Budget Car Rental, LLC                                                         | CUSIP: 053773BC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $596801.46    | 0.07%             | 2027-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| Installed Building Products, Inc.                                                   | Installed Building Products, Inc.                                                   | CUSIP: 45780RAA9<br>LEI: 549300I95Y9P9YM5FI86 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300195.90    | 0.03%             | 2028-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Universal Music Group N.V.                                                          | Universal Music Group N.V.                                                          | CUSIP: BX3045891<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $115169.68    | 0.01%             | 2027-06-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Edison International                                                                | Edison International                                                                | CUSIP: 281020BC0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101610.73    | 0.01%             | 2030-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| Holcim Finance (Luxembourg) S.A.                                                    | Holcim Finance (Luxembourg) S.A.                                                    | CUSIP: ZQ6618644<br>LEI: 529900XU3Z9D2HLBR716 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $223200.31    | 0.03%             | 2026-11-29      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Rakuten Group, Inc.                                                                 | Rakuten Group, Inc.                                                                 | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    350000 | PA      | $385286.04    | 0.04%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                                             | American Airlines, Inc.                                                             | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    630000 | PA      | $643455.87    | 0.07%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Prime Healthcare Services, Inc.                                                     | Prime Healthcare Services, Inc.                                                     | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $397858.00    | 0.04%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Mineral Resources Ltd.                                                              | Mineral Resources Ltd.                                                              | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    450000 | PA      | $470880.99    | 0.05%             | 2028-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: —       |
| McAfee Corp.                                                                        | McAfee Corp.                                                                        | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |    310000 | PA      | $287758.77    | 0.03%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                        | UBS Group AG                                                                        | CUSIP: BM1389774<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    200000 | PA      | $216493.92    | 0.02%             | 2028-11-05      | Variable      | 0.25%                 | No            |                  2 | On Loan: No      |
| Studio City Co. Ltd.                                                                | Studio City Co. Ltd.                                                                | CUSIP: 86400GAC3<br>LEI: 984500V5401EFT095A58 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $201486.80    | 0.02%             | 2027-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                           | CUSIP: 91282CLK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5933789.04   | 0.66%             | 2029-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                                                      | ING Groep N.V.                                                                      | CUSIP: AU5396935<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $224758.19    | 0.03%             | 2028-09-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MMS USA Holdings, Inc.                                                              | MMS USA Holdings, Inc.                                                              | CUSIP: AZ0207284<br>LEI: 5493006U67P2Y34N2G08 | Long             | DBT              | CORP              | US        |    100000 | PA      | $110189.93    | 0.01%             | 2028-06-13      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp.                                                                   | FirstEnergy Corp., Series B                                                         | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    230000 | PA      | $227263.70    | 0.03%             | 2027-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Brandywine Operating Partnership, L.P.                                              | Brandywine Operating Partnership, L.P.                                              | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              | CORP              | US        |    200000 | PA      | $214640.24    | 0.02%             | 2029-04-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| B.A.T. International Finance PLC                                                    | B.A.T. International Finance PLC                                                    | CUSIP: N/A<br>LEI: 21380041YBGOQDFAC823       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $110559.59    | 0.01%             | 2030-01-16      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                                   | NatWest Group PLC                                                                   | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $106164.52    | 0.01%             | 2030-02-26      | Variable      | 0.78%                 | No            |                  2 | On Loan: No      |
| Globe Life Inc.                                                                     | Globe Life Inc.                                                                     | CUSIP: 891027AS3<br>LEI: 5493001JFHKQOPP6XA71 | Long             | DBT              | CORP              | US        |    400000 | PA      | $400072.05    | 0.04%             | 2028-09-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: —       |
| Toronto-Dominion Bank (The)                                                         | Toronto-Dominion Bank (The)                                                         | CUSIP: 89115A3C4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $202079.24    | 0.02%             | 2029-12-17      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                   | CUSIP: 404280CV9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $372469.70    | 0.04%             | 2029-08-17      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                    | CVS Health Corp.                                                                    | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496818.23    | 0.06%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                        | UBS Group AG                                                                        | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | DBT              | CORP              | CH        |    240000 | PA      | $258814.18    | 0.03%             | 2028-02-24      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Invesco Private Government Fund                                                     | Invesco Private Government Fund                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  12202099 | NS      | $12202099.02  | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                           | CUSIP: 91282CEF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5900000 | PA      | $5759068.35   | 0.65%             | 2027-03-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Darling Ingredients Inc.                                                            | Darling Ingredients Inc.                                                            | CUSIP: 237266AH4<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299839.13    | 0.03%             | 2027-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INEOS Finance PLC                                                                   | INEOS Finance PLC                                                                   | CUSIP: 44984WAH0<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |    336000 | PA      | $331210.72    | 0.04%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Snam S.p.A.                                                                         | Snam S.p.A.                                                                         | CUSIP: ZF9822080<br>LEI: 8156002278562044AF79 | Long             | DBT              | CORP              | IT        |    250000 | PA      | $291889.34    | 0.03%             | 2028-02-19      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | Long Gilt Future                                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       -20 | NC      | $-17957.84    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                                                         | BNP Paribas                                                                         | CUSIP: BG0394778<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $332772.08    | 0.04%             | 2028-02-19      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| NCL Corp. Ltd.                                                                      | NCL Corp. Ltd.                                                                      | CUSIP: 62886HBE0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    634000 | PA      | $636274.61    | 0.07%             | 2027-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                            | HCA Inc.                                                                            | CUSIP: 404121AJ4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153948.03    | 0.02%             | 2028-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                   | CUSIP: 95000U2V4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    160000 | PA      | $157490.50    | 0.02%             | 2028-03-24      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| Nabors Industries, Inc.                                                             | Nabors Industries, Inc.                                                             | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    483000 | PA      | $478530.03    | 0.05%             | 2030-01-31      | Fixed         | 9.12%                 | No            |                  2 | On Loan: —       |
| Sumitomo Mitsui Financial Group, Inc.                                               | Sumitomo Mitsui Financial Group, Inc.                                               | CUSIP: 86562MBW9<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $185212.29    | 0.02%             | 2030-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Baxter International Inc.                                                           | Baxter International Inc.                                                           | CUSIP: ZS5891669<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    110000 | PA      | $118592.70    | 0.01%             | 2029-05-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| JELD-WEN, Inc.                                                                      | JELD-WEN, Inc.                                                                      | CUSIP: 475795AD2<br>LEI: 549300XWE6NM0N1HFW16 | Long             | DBT              | CORP              | US        |    480000 | PA      | $455804.61    | 0.05%             | 2027-12-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| American Express Co.                                                                | American Express Co.                                                                | CUSIP: 025816CM9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    330000 | PA      | $319078.46    | 0.04%             | 2026-11-04      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Volkswagen Financial Services AG                                                    | Volkswagen Financial Services AG                                                    | CUSIP: BQ8993686<br>LEI: 529900SSGT49ZZSWYE62 | Long             | DBT              | CORP              | DE        |     90000 | PA      | $99039.37     | 0.01%             | 2027-02-12      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corp.                                                                      | DISH DBS Corp.                                                                      | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    380000 | PA      | $339931.70    | 0.04%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Estee Lauder Cos. Inc. (The)                                                        | Estee Lauder Cos. Inc. (The)                                                        | CUSIP: 29736RAP5<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | DBT              | CORP              | US        |    200000 | PA      | $184078.31    | 0.02%             | 2029-12-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Wabtec Corp.                                                                        | Wabtec Corp.                                                                        | CUSIP: 960386AL4<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    135000 | PA      | $133134.81    | 0.01%             | 2026-11-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                   | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $115421.21    | 0.01%             | 2030-05-13      | Variable      | 3.31%                 | No            |                  2 | On Loan: No      |
| Invesco MSCI EAFE Income Advantage ETF                                              | Invesco MSCI EAFE Income Advantage ETF                                              | CUSIP: 46090A713<br>LEI: 2549009RSRB70FWDAI16 | Long             | EC               | RF                | US        |   1650000 | NS      | $83341500.00  | 9.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Raiffeisen Bank International AG                                                    | Raiffeisen Bank International AG                                                    | CUSIP: YV4271289<br>LEI: 9ZHRYM6F437SQJ6OUG95 | Long             | DBT              | CORP              | AT        |    200000 | PA      | $234101.55    | 0.03%             | 2030-01-03      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                   | CUSIP: 95000U3G6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    300000 | PA      | $315754.87    | 0.04%             | 2029-10-23      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| Chorus Ltd.                                                                         | Chorus Ltd.                                                                         | CUSIP: BY6622025<br>LEI: R7NJHU48LTCIOB9BVU57 | Long             | DBT              | CORP              | NZ        |    100000 | PA      | $116816.16    | 0.01%             | 2029-09-07      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Lennar Corp.                                                                        | Lennar Corp.                                                                        | CUSIP: 526057CD4<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60168.70     | 0.01%             | 2027-11-29      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                                               | Sumitomo Mitsui Financial Group, Inc.                                               | CUSIP: 86562MCW8<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $418172.66    | 0.05%             | 2030-01-13      | Fixed         | 5.71%                 | No            |                  2 | On Loan: —       |
| Hilcorp Energy I, L.P.                                                              | Hilcorp Energy I, L.P.                                                              | CUSIP: 431318BC7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    500000 | PA      | $522236.50    | 0.06%             | 2033-11-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Teleperformance SE                                                                  | Teleperformance SE                                                                  | CUSIP: BX2489157<br>LEI: 9695004GI61FHFFNRG61 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $117646.36    | 0.01%             | 2029-06-24      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                                           | Toyota Motor Credit Corp.                                                           | CUSIP: 89236TLL7<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504879.18    | 0.06%             | 2029-01-05      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Cos., Inc.                                                         | Marsh & McLennan Cos., Inc.                                                         | CUSIP: 571748BY7<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201254.20    | 0.02%             | 2027-11-08      | Fixed         | 4.55%                 | No            |                  2 | On Loan: —       |
| Taylor Morrison Communities, Inc.                                                   | Taylor Morrison Communities, Inc.                                                   | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100916.82    | 0.01%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                                                | American Express Co.                                                                | CUSIP: 025816CP2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    130000 | PA      | $127822.62    | 0.01%             | 2027-05-03      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| JAB Holdings B.V.                                                                   | JAB Holdings B.V., Series 11Y                                                       | CUSIP: AT1197058<br>LEI: 529900RRNKUM3INJGF98 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $112303.65    | 0.01%             | 2029-06-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Invesco High Yield Bond Factor ETF                                                  | Invesco High Yield Bond Factor ETF                                                  | CUSIP: 46090A853<br>LEI: 549300RW20HYQZ1T7698 | Long             | EC               | RF                | US        |   1550400 | NS      | $34908496.32  | 3.91%             |  |  |  | No            |                  1 | On Loan: —       |
| Southwest Airlines Co.                                                              | Southwest Airlines Co.                                                              | CUSIP: 844741BC1<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    380000 | PA      | $371757.57    | 0.04%             | 2026-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, N.A.                                                           | Morgan Stanley Bank, N.A.                                                           | CUSIP: 61690U8A1<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    350000 | PA      | $352118.98    | 0.04%             | 2028-01-14      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                                                        | American Honda Finance Corp.                                                        | CUSIP: 02665WDJ7<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |     95000 | PA      | $92260.27     | 0.01%             | 2027-01-08      | Fixed         | 2.35%                 | No            |                  2 | On Loan: —       |
| NGL Energy Operating LLC / NGL Energy Finance Corp.                                 | NGL Energy Operating LLC / NGL Energy Finance Corp.                                 | CUSIP: 62922LAC2<br>LEI: 5493008CQD36WWZJ3O79 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198110.58    | 0.02%             | 2029-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Terex Corp.                                                                         | Terex Corp.                                                                         | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300756.74    | 0.03%             | 2032-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| Banco Santander S.A.                                                                | Banco Santander S.A.                                                                | CUSIP: 05964HBJ3<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    600000 | PA      | $620716.63    | 0.07%             | 2030-01-17      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                                                         | Intel Corp.                                                                         | CUSIP: 458140BZ2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194721.02    | 0.02%             | 2029-08-05      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Edison International                                                                | Edison International                                                                | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192200.76    | 0.02%             | 2054-06-15      | Variable      | 7.88%                 | No            |                  2 | On Loan: —       |
| CDW LLC / CDW Finance Corp.                                                         | CDW LLC / CDW Finance Corp.                                                         | CUSIP: 12513GBK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $302431.50    | 0.03%             | 2030-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| United Wholesale Mortgage LLC                                                       | United Wholesale Mortgage LLC                                                       | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250187.34    | 0.03%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Credit Mutuel Arkea                                                                 | Credit Mutuel Arkea                                                                 | CUSIP: BJ1618351<br>LEI: 96950041VJ1QP0B69503 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $111403.29    | 0.01%             | 2027-05-07      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | Forward Foreign Currency Contract                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-1395.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Darden Restaurants, Inc.                                                            | Darden Restaurants, Inc.                                                            | CUSIP: 237194AL9<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | DBT              | CORP              | US        |    460000 | PA      | $455003.31    | 0.05%             | 2027-05-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: —       |
| Cascades Inc./Cascades USA Inc.                                                     | Cascades Inc./Cascades USA Inc.                                                     | CUSIP: 14739LAB8<br>LEI: FPD41G4F3GH7OJ38TS94 | Long             | DBT              | CORP              | CA        |    210000 | PA      | $205529.69    | 0.02%             | 2028-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| EPR Properties                                                                      | EPR Properties                                                                      | CUSIP: 26884UAC3<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74803.64     | 0.01%             | 2026-12-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                              | Truist Financial Corp.                                                              | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    400000 | PA      | $431862.02    | 0.05%             | 2029-10-30      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| AmeriGas Partners L.P./ AmeriGas Finance Corp.                                      | AmeriGas Partners L.P./ AmeriGas Finance Corp.                                      | CUSIP: 030981AM6<br>LEI: H36E1IF6YS0OBMHM6168 | Long             | DBT              | CORP              | US        |    440000 | PA      | $453555.54    | 0.05%             | 2028-06-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                    | CUSIP: 718172CZ0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    160000 | PA      | $162029.66    | 0.02%             | 2028-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| VIA Outlets B.V.                                                                    | VIA Outlets B.V.                                                                    | CUSIP: BS2533815<br>LEI: 2594009AT1MND8D7E216 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $219439.98    | 0.02%             | 2028-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Northern Oil and Gas, Inc.                                                          | Northern Oil and Gas, Inc.                                                          | CUSIP: 665531AG4<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    630000 | PA      | $636687.45    | 0.07%             | 2028-03-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: —       |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                    | CUSIP: 718172CE7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    230000 | PA      | $223515.33    | 0.03%             | 2028-03-02      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Titan International, Inc.                                                           | Titan International, Inc.                                                           | CUSIP: 88830MAM4<br>LEI: 254900CXRGBE7C4B5A06 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160036.82    | 0.02%             | 2028-04-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                   | Enterprise Products Operating LLC                                                   | CUSIP: 29379VBX0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    300000 | PA      | $280228.86    | 0.03%             | 2030-01-31      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc.                                                               | Cleveland-Cliffs Inc.                                                               | CUSIP: 185899AN1<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    269000 | PA      | $267920.37    | 0.03%             | 2030-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Banque Federative du Credit Mutuel                                                  | Banque Federative du Credit Mutuel                                                  | CUSIP: QZ3286890<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $113779.06    | 0.01%             | 2026-09-12      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                    | Amazon.com, Inc.                                                                    | CUSIP: 023135CF1<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147913.66    | 0.02%             | 2027-04-13      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria S.A.                                                | Banco Bilbao Vizcaya Argentaria S.A.                                                | CUSIP: 05946KAQ4<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $205610.40    | 0.02%             | 2029-03-13      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| Ford Motor Credit Co. LLC                                                           | Ford Motor Credit Co. LLC                                                           | CUSIP: 345397ZR7<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    300000 | PA      | $293619.06    | 0.03%             | 2029-05-03      | Fixed         | 5.11%                 | No            |                  2 | On Loan: —       |
| Kohl's Corp.                                                                        | Kohl's Corp.                                                                        | CUSIP: 500255AX2<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |    350000 | PA      | $253876.47    | 0.03%             | 2031-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SpareBank 1 Oestlandet                                                              | SpareBank 1 Oestlandet                                                              | CUSIP: N/A<br>LEI: 549300VRM6G42M8OWN49       | Long             | DBT              | CORP              | NO        |    100000 | PA      | $107435.72    | 0.01%             | 2028-03-03      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                                    | Boeing Co. (The)                                                                    | CUSIP: 097023BU8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    900000 | PA      | $874443.06    | 0.10%             | 2027-03-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Perenti Finance Pty Ltd.                                                            | Perenti Finance Pty Ltd.                                                            | CUSIP: 71367VAB5<br>LEI: 894500ZDIIAOXSQHE612 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $206914.00    | 0.02%             | 2029-04-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                                           | Vistra Operations Co. LLC                                                           | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    400000 | PA      | $398130.88    | 0.04%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SES S.A.                                                                            | SES S.A.                                                                            | CUSIP: BX0411872<br>LEI: 5493008JPA4HYMH1HX51 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $229882.41    | 0.03%             | 2029-01-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.                                                | Caterpillar Financial Services Corp.                                                | CUSIP: 14913R2G1<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    130000 | PA      | $122141.84    | 0.01%             | 2027-09-14      | Fixed         | 1.10%                 | No            |                  2 | On Loan: —       |
| Exxon Mobil Corp.                                                                   | Exxon Mobil Corp.                                                                   | CUSIP: 30231GBJ0<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49417.66     | 0.01%             | 2027-03-19      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                | CUSIP: 46647PBD7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    300000 | PA      | $291811.56    | 0.03%             | 2030-05-06      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Public Service Co. of Colorado                                                      | Public Service Co. of Colorado                                                      | CUSIP: 744448CP4<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    690000 | PA      | $679860.38    | 0.08%             | 2028-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: —       |
| Brookfield Finance Inc.                                                             | Brookfield Finance Inc.                                                             | CUSIP: 11271LAC6<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $394244.54    | 0.04%             | 2028-01-25      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Melco Resorts Finance Ltd.                                                          | Melco Resorts Finance Ltd.                                                          | CUSIP: 58547DAD1<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    300000 | PA      | $287421.24    | 0.03%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                   | CUSIP: 95000U3A9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100567.12    | 0.01%             | 2028-07-25      | Variable      | 4.81%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                                      | Blackstone Private Credit Fund                                                      | CUSIP: 09261HAK3<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    235000 | PA      | $228748.56    | 0.03%             | 2027-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| Brookfield Property REIT, Inc. / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL  | Brookfield Property REIT, Inc. / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL  | CUSIP: 11284DAC9<br>LEI: 549300K1JD1LDRNBET48 | Long             | DBT              | CORP              | US        |    239000 | PA      | $232365.48    | 0.03%             | 2027-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TKC Holdings, Inc.                                                                  | TKC Holdings, Inc.                                                                  | CUSIP: 87256YAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $330126.62    | 0.04%             | 2028-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| Blackstone Property Partners Europe Holdings S.a.r.l.                               | Blackstone Property Partners Europe Holdings S.a.r.l.                               | CUSIP: ZR4791987<br>LEI: 213800Y3B5GQFBGVHP79 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $217449.89    | 0.02%             | 2029-03-12      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works, Inc.                                                             | Bath & Body Works, Inc.                                                             | CUSIP: 501797AQ7<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    490000 | PA      | $502893.87    | 0.06%             | 2027-01-15      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| EDP Finance B.V.                                                                    | EDP Finance B.V.                                                                    | CUSIP: AQ0259806<br>LEI: 5299007L43AQDFOW5739 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $112241.99    | 0.01%             | 2027-11-22      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Nordstrom, Inc.                                                                     | Nordstrom, Inc.                                                                     | CUSIP: 655664AH3<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    160000 | PA      | $164981.00    | 0.02%             | 2028-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| TDF Infrastructure                                                                  | TDF Infrastructure                                                                  | CUSIP: BS5209355<br>LEI: 969500BWNQ1B0PI06I59 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $215686.56    | 0.02%             | 2029-12-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Chevron U.S.A. Inc.                                                                 | Chevron U.S.A. Inc.                                                                 | CUSIP: 166756AL0<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94173.40     | 0.01%             | 2027-08-12      | Fixed         | 1.02%                 | No            |                  2 | On Loan: —       |
| Concentrix Corp.                                                                    | Concentrix Corp.                                                                    | CUSIP: 20602DAA9<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |    230000 | PA      | $233790.65    | 0.03%             | 2026-08-02      | Fixed         | 6.65%                 | No            |                  2 | On Loan: —       |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                     | CUSIP: 38141GWB6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123973.17    | 0.01%             | 2027-01-26      | Fixed         | 3.85%                 | No            |                  2 | On Loan: —       |
| Global Net Lease, Inc.                                                              | Global Net Lease, Inc.                                                              | CUSIP: 02608AAA7<br>LEI: 549300NUYANCT5SU8Z65 | Long             | DBT              | CORP              | US        |    160000 | PA      | $154028.77    | 0.02%             | 2028-09-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Highland Holdings S.a.r.l.                                                          | Highland Holdings S.a.r.l.                                                          | CUSIP: BS2119425<br>LEI: 549300WGY8GPJM4PQR36 | Long             | DBT              | CORP              | LU        |    270000 | PA      | $300186.79    | 0.03%             | 2026-12-15      | Fixed         | 0.32%                 | No            |                  2 | On Loan: No      |
| Raiffeisen Bank International AG                                                    | Raiffeisen Bank International AG                                                    | CUSIP: BZ8411994<br>LEI: 9ZHRYM6F437SQJ6OUG95 | Long             | DBT              | CORP              | AT        |    200000 | PA      | $245900.18    | 0.03%             | 2028-01-27      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Societe Generale                                                                    | Societe Generale                                                                    | CUSIP: ZR6553948<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $210182.79    | 0.02%             | 2029-09-24      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| LABL, Inc.                                                                          | LABL, Inc.                                                                          | CUSIP: 50168QAC9<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    266000 | PA      | $236472.94    | 0.03%             | 2028-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Rand Parent, LLC                                                                    | Rand Parent, LLC                                                                    | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $503288.00    | 0.06%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Origin Energy Finance Ltd.                                                          | Origin Energy Finance Ltd.                                                          | CUSIP: ZR4789783<br>LEI: 5493002W5C9Z753C7Q57 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $209724.13    | 0.02%             | 2029-09-17      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Baytex Energy Corp.                                                                 | Baytex Energy Corp.                                                                 | CUSIP: 07317QAJ4<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |    605000 | PA      | $616197.52    | 0.07%             | 2030-04-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| Booking Holdings Inc.                                                               | Booking Holdings Inc.                                                               | CUSIP: 741503BC9<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49055.86     | 0.01%             | 2028-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                                                            | Bristol-Myers Squibb Co.                                                            | CUSIP: 110122DD7<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    230000 | PA      | $226851.44    | 0.03%             | 2027-11-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: —       |
| Edison International                                                                | Edison International                                                                | CUSIP: 281020AY3<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    490000 | PA      | $486843.86    | 0.05%             | 2028-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Daimler Truck International Finance B.V.                                            | Daimler Truck International Finance B.V.                                            | CUSIP: ZK9554997<br>LEI: 724500G15MVL6UCWXF95 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $237082.36    | 0.03%             | 2029-06-19      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp. (The)                                                          | Charles Schwab Corp. (The)                                                          | CUSIP: 808513BX2<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    200000 | PA      | $187669.64    | 0.02%             | 2029-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| B&G Foods, Inc.                                                                     | B&G Foods, Inc.                                                                     | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |    600000 | PA      | $561751.49    | 0.06%             | 2028-09-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |

### Signature

**Date Signed:** 2025-08-30

**Name of Applicant:** AIM Investment Funds (Invesco Investment Funds)

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer