# EDGAR Filing Document

**Accession Number:** 0000842790
**File Stem:** 0001752724-23-017996
**Filing Date:** 2023-1
**Character Count:** 318849
**Document Hash:** d9d46bc8ba367b05051a6e2493ae4dc5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-017996.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001752724-23-017996

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**PERIOD START**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
- **CENTRAL INDEX KEY:** 0000842790
- **IRS NUMBER:** 760343427
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05686
- **FILM NUMBER:** 23567181

**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 SECURITIES FUNDS
- **DATE OF NAME CHANGE:** 20000921

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM INVESTMENT SECURITIES FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM PRIME RATE PREMIUM INCOME FUND INC
- **DATE OF NAME CHANGE:** 19910320

## Series and Classes Contracts Data

### Invesco Intermediate Bond Factor Fund (Series ID: S000064667)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000209384 | Class R6     |  |
| C000209385 | Class R5     |  |
| C000209386 | Class Y      |  |
| C000209387 | Class C      |  |
| C000209388 | Class A      |  |
| C000209389 | Class R      |  |

## Nport-Ex

### Schedule of Investments<sup>(a)</sup>
*November 30, 2022*

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **U.S. Dollar Denominated Bonds & Notes–49.09%** | **U.S. Dollar Denominated Bonds & Notes–49.09%** | **U.S. Dollar Denominated Bonds & Notes–49.09%** |
| **Advertising–0.10%** | **Advertising–0.10%** | **Advertising–0.10%** |
| Omnicom Group, Inc./Omnicom Capital, Inc., 3.65%, 11/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $195437 |
| **Aerospace & Defense–0.94%** | **Aerospace & Defense–0.94%** | **Aerospace & Defense–0.94%** |
| Boeing Co. (The), |  |  |
| &nbsp;&nbsp;&nbsp;3.20%, 03/01/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 352062 |
| &nbsp;&nbsp;&nbsp;3.90%, 05/01/2049 | &nbsp;&nbsp;&nbsp;&nbsp; 470000 | &nbsp;&nbsp;&nbsp;&nbsp; 334057 |
| &nbsp;&nbsp;&nbsp;5.93%, 05/01/2060 | &nbsp;&nbsp;&nbsp;&nbsp; 480000 | &nbsp;&nbsp;&nbsp;&nbsp; 446508 |
| Collins Aerospace, 3.20%, 03/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 441000 | &nbsp;&nbsp;&nbsp;&nbsp; 433142 |
| Raytheon Technologies Corp., 3.50%, 03/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 292000 | &nbsp;&nbsp;&nbsp;&nbsp; 274849 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1840618 |
| **Air Freight & Logistics–0.24%** | **Air Freight & Logistics–0.24%** | **Air Freight & Logistics–0.24%** |
| FedEx Corp., 5.25%, 05/15/2050<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 462452 |
| **Airlines–0.64%** | **Airlines–0.64%** | **Airlines–0.64%** |
| American Airlines Pass-Through Trust, Series 2021-1, Class A, 2.88%, 07/11/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 475000 | &nbsp;&nbsp;&nbsp;&nbsp; 383472 |
| Southwest Airlines Co., |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 11/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 461154 |
| &nbsp;&nbsp;&nbsp;5.13%, 06/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 125000 | &nbsp;&nbsp;&nbsp;&nbsp; 125856 |
| Spirit Airlines Pass-Through Trust, Series 2015-1A, 4.10%, 10/01/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 87447 | &nbsp;&nbsp;&nbsp;&nbsp; 78133 |
| United Airlines Pass-Through Trust, Series 2020-1, Class A, 5.88%, 10/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 197596 | &nbsp;&nbsp;&nbsp;&nbsp; 195565 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1244180 |
| **Apparel Retail–0.10%** | **Apparel Retail–0.10%** | **Apparel Retail–0.10%** |
| Ross Stores, Inc., 1.88%, 04/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 197620 |
| **Application Software–0.11%** | **Application Software–0.11%** | **Application Software–0.11%** |
| Autodesk, Inc., 2.85%, 01/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 217700 |
| **Asset Management & Custody Banks–0.23%** | **Asset Management & Custody Banks–0.23%** | **Asset Management & Custody Banks–0.23%** |
| Affiliated Managers Group, Inc., 4.25%, 02/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 106000 | &nbsp;&nbsp;&nbsp;&nbsp; 104874 |
| BlackRock, Inc., 2.10%, 02/25/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp;&nbsp;&nbsp; 223768 |
| FS KKR Capital Corp., 4.13%, 02/01/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 119000 | &nbsp;&nbsp;&nbsp;&nbsp; 113356 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;441998 |
| **Automobile Manufacturers–1.02%** | **Automobile Manufacturers–1.02%** | **Automobile Manufacturers–1.02%** |
| American Honda Finance Corp., 3.50%, 02/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 848000 | &nbsp;&nbsp;&nbsp;&nbsp; 796637 |
| General Motors Co., |  |  |
| &nbsp;&nbsp;&nbsp;6.60%, 04/01/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 101222 |
| &nbsp;&nbsp;&nbsp;5.15%, 04/01/2038 | &nbsp;&nbsp;&nbsp;&nbsp; 49000 | &nbsp;&nbsp;&nbsp;&nbsp; 43298 |
| &nbsp;&nbsp;&nbsp;6.25%, 10/02/2043 | &nbsp;&nbsp;&nbsp;&nbsp; 403000 | &nbsp;&nbsp;&nbsp;&nbsp; 389305 |
| &nbsp;&nbsp;&nbsp;6.75%, 04/01/2046 | &nbsp;&nbsp;&nbsp;&nbsp; 259000 | &nbsp;&nbsp;&nbsp;&nbsp; 259780 |
| &nbsp;&nbsp;&nbsp;5.95%, 04/01/2049 | &nbsp;&nbsp;&nbsp;&nbsp; 44000 | &nbsp;&nbsp;&nbsp;&nbsp; 40992 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Automobile Manufacturers–(continued)** | **Automobile Manufacturers–(continued)** | **Automobile Manufacturers–(continued)** |
| Toyota Motor Corp. (Japan), 1.34%, 03/25/2026 | &nbsp;&nbsp;&nbsp;&nbsp; $400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $360722 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1991956 |
| **Biotechnology–0.60%** | **Biotechnology–0.60%** | **Biotechnology–0.60%** |
| Amgen, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;3.63%, 05/22/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 425000 | &nbsp;&nbsp;&nbsp;&nbsp; 418406 |
| &nbsp;&nbsp;&nbsp;2.60%, 08/19/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 466848 |
| &nbsp;&nbsp;&nbsp;2.20%, 02/21/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 17000 | &nbsp;&nbsp;&nbsp;&nbsp; 15461 |
| Gilead Sciences, Inc., 1.20%, 10/01/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 310000 | &nbsp;&nbsp;&nbsp;&nbsp; 263896 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1164611 |
| **Broadcasting–0.33%** | **Broadcasting–0.33%** | **Broadcasting–0.33%** |
| Discovery Communications LLC, |  |  |
| &nbsp;&nbsp;&nbsp;3.95%, 03/20/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 179725 |
| &nbsp;&nbsp;&nbsp;4.13%, 05/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 289000 | &nbsp;&nbsp;&nbsp;&nbsp; 254675 |
| Paramount Global, 4.20%, 05/19/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 207675 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;642075 |
| **Building Products–0.03%** | **Building Products–0.03%** | **Building Products–0.03%** |
| Owens Corning, 7.00%, 12/01/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 62000 | &nbsp;&nbsp;&nbsp;&nbsp; 67342 |
| **Cable & Satellite–0.86%** | **Cable & Satellite–0.86%** | **Cable & Satellite–0.86%** |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp., |  |  |
| &nbsp;&nbsp;&nbsp;4.20%, 03/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp;&nbsp;&nbsp; 349072 |
| &nbsp;&nbsp;&nbsp;5.05%, 03/30/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 419000 | &nbsp;&nbsp;&nbsp;&nbsp; 398921 |
| &nbsp;&nbsp;&nbsp;5.13%, 07/01/2049 | &nbsp;&nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp; 39682 |
| Grupo Televisa S.A.B. (Mexico), 4.63%, 01/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp; 438610 |
| Time Warner Cable Enterprises LLC, 8.38%, 07/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 35000 | &nbsp;&nbsp;&nbsp;&nbsp; 39316 |
| Time Warner Cable LLC, |  |  |
| &nbsp;&nbsp;&nbsp;7.30%, 07/01/2038 | &nbsp;&nbsp;&nbsp;&nbsp; 106000 | &nbsp;&nbsp;&nbsp;&nbsp; 108546 |
| &nbsp;&nbsp;&nbsp;4.50%, 09/15/2042 | &nbsp;&nbsp;&nbsp;&nbsp; 420000 | &nbsp;&nbsp;&nbsp;&nbsp; 315792 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1689939 |
| **Communications Equipment–0.01%** | **Communications Equipment–0.01%** | **Communications Equipment–0.01%** |
| Juniper Networks, Inc., 5.95%, 03/15/2041 | &nbsp;&nbsp;&nbsp;&nbsp; 14000 | &nbsp;&nbsp;&nbsp;&nbsp; 12830 |
| Motorola Solutions, Inc., 5.50%, 09/01/2044 | &nbsp;&nbsp;&nbsp;&nbsp; 14000 | &nbsp;&nbsp;&nbsp;&nbsp; 12677 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25507 |
| **Computer & Electronics Retail–0.11%** | **Computer & Electronics Retail–0.11%** | **Computer & Electronics Retail–0.11%** |
| Dell International LLC/EMC Corp., |  |  |
| &nbsp;&nbsp;&nbsp;8.10%, 07/15/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 29000 | &nbsp;&nbsp;&nbsp;&nbsp; 33459 |
| &nbsp;&nbsp;&nbsp;3.38%, 12/15/2041<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 138083 |
| &nbsp;&nbsp;&nbsp;8.35%, 07/15/2046 | &nbsp;&nbsp;&nbsp;&nbsp; 35000 | &nbsp;&nbsp;&nbsp;&nbsp; 41018 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212560 |
| **Construction Machinery & Heavy Trucks–0.41%** | **Construction Machinery & Heavy Trucks–0.41%** | **Construction Machinery & Heavy Trucks–0.41%** |
| Caterpillar Financial Services Corp., 3.25%, 12/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 437000 | &nbsp;&nbsp;&nbsp;&nbsp; 425059 |

---

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

Invesco Intermediate Bond Factor Fund

------

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Construction Machinery & Heavy Trucks–(continued)** | **Construction Machinery & Heavy Trucks–(continued)** | **Construction Machinery & Heavy Trucks–(continued)** |
| nVent Finance S.a.r.l. (United Kingdom), 4.55%, 04/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; $400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $370345 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;795404 |
| **Consumer Finance–0.57%** | **Consumer Finance–0.57%** | **Consumer Finance–0.57%** |
| Ally Financial, Inc., 8.00%, 11/01/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 218000 | &nbsp;&nbsp;&nbsp;&nbsp; 234228 |
| American Express Co., |  |  |
| &nbsp;&nbsp;&nbsp;3.40%, 02/22/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp; 344461 |
| &nbsp;&nbsp;&nbsp;3.00%, 10/30/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp; 72684 |
| Capital One Financial Corp., 3.75%, 03/09/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 377478 |
| Synchrony Financial, 3.95%, 12/01/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 89463 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1118314 |
| **Data Processing & Outsourced Services–0.26%** | **Data Processing & Outsourced Services–0.26%** | **Data Processing & Outsourced Services–0.26%** |
| Visa, Inc., 4.15%, 12/14/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp;&nbsp;&nbsp; 264949 |
| Western Union Co. (The), 6.20%, 11/17/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 245918 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510867 |
| **Distillers & Vintners–0.44%** | **Distillers & Vintners–0.44%** | **Distillers & Vintners–0.44%** |
| Diageo Capital PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp;2.13%, 10/24/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 574000 | &nbsp;&nbsp;&nbsp;&nbsp; 546579 |
| &nbsp;&nbsp;&nbsp;3.88%, 05/18/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 330000 | &nbsp;&nbsp;&nbsp;&nbsp; 317119 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;863698 |
| **Diversified Banks–9.13%** | **Diversified Banks–9.13%** | **Diversified Banks–9.13%** |
| Australia & New Zealand Banking Group Ltd. (Australia), 3.70%, 11/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 388567 |
| Banco Santander S.A. (Spain), |  |  |
| &nbsp;&nbsp;&nbsp;4.25%, 04/11/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 376250 |
| &nbsp;&nbsp;&nbsp;4.38%, 04/12/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 185876 |
| &nbsp;&nbsp;&nbsp;3.31%, 06/27/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 348580 |
| &nbsp;&nbsp;&nbsp;2.96%, 03/25/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp; 473465 |
| Bank of America Corp., |  |  |
| &nbsp;&nbsp;&nbsp;4.45%, 03/03/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 430000 | &nbsp;&nbsp;&nbsp;&nbsp; 423131 |
| &nbsp;&nbsp;&nbsp;1.32%, 06/19/2026<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 405000 | &nbsp;&nbsp;&nbsp;&nbsp; 365580 |
| &nbsp;&nbsp;&nbsp;2.48%, 09/21/2036<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 489000 | &nbsp;&nbsp;&nbsp;&nbsp; 370636 |
| &nbsp;&nbsp;&nbsp;6.11%, 01/29/2037 | &nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp;&nbsp;&nbsp; 337718 |
| &nbsp;&nbsp;&nbsp;7.75%, 05/14/2038 | &nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp;&nbsp;&nbsp; 330620 |
| Barclays Bank PLC (United Kingdom), 3.75%, 05/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 240000 | &nbsp;&nbsp;&nbsp;&nbsp; 235748 |
| Barclays PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp;2.28%, 11/24/2027<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp;&nbsp; 451815 |
| &nbsp;&nbsp;&nbsp;3.56%, 09/23/2035<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp; 608273 |
| &nbsp;&nbsp;&nbsp;3.33%, 11/24/2042<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 470000 | &nbsp;&nbsp;&nbsp;&nbsp; 325293 |
| &nbsp;&nbsp;&nbsp;8.00%<sup>(d)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 94000 | &nbsp;&nbsp;&nbsp;&nbsp; 90710 |
| BPCE S.A. (France), 4.50%, 03/15/2025<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 195000 | &nbsp;&nbsp;&nbsp;&nbsp; 186939 |
| Citigroup Inc., 5.88%, 01/30/2042 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 206389 |
| Citigroup, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;4.04%, 06/01/2024<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 297618 |
| &nbsp;&nbsp;&nbsp;3.67%, 07/24/2028<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 92657 |
| &nbsp;&nbsp;&nbsp;8.13%, 07/15/2039 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 251708 |
| Cooperatieve Rabobank U.A. (Netherlands), |  |  |
| &nbsp;&nbsp;&nbsp;3.75%, 07/21/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 281820 |
| &nbsp;&nbsp;&nbsp;5.25%, 05/24/2041 | &nbsp;&nbsp;&nbsp;&nbsp; 125000 | &nbsp;&nbsp;&nbsp;&nbsp; 128027 |
| HSBC Bank USA N.A., 5.88%, 11/01/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp; 678311 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** |
| HSBC Holdings PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp;4.25%, 03/14/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $454000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $446669 |
| &nbsp;&nbsp;&nbsp;3.95%, 05/18/2024<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 296517 |
| &nbsp;&nbsp;&nbsp;4.29%, 09/12/2026<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp;&nbsp;&nbsp; 309763 |
| &nbsp;&nbsp;&nbsp;4.38%, 11/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 192061 |
| &nbsp;&nbsp;&nbsp;2.25%, 11/22/2027<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 345019 |
| &nbsp;&nbsp;&nbsp;4.58%, 06/19/2029<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 165000 | &nbsp;&nbsp;&nbsp;&nbsp; 152056 |
| &nbsp;&nbsp;&nbsp;6.80%, 06/01/2038 | &nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp;&nbsp;&nbsp; 322181 |
| ING Groep N.V. (Netherlands), 4.05%, 04/09/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 227926 |
| JPMorgan Chase & Co., |  |  |
| &nbsp;&nbsp;&nbsp;3.80%, 07/23/2024<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 258000 | &nbsp;&nbsp;&nbsp;&nbsp; 255313 |
| &nbsp;&nbsp;&nbsp;3.88%, 09/10/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 502000 | &nbsp;&nbsp;&nbsp;&nbsp; 493590 |
| &nbsp;&nbsp;&nbsp;7.75%, 07/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 269261 |
| &nbsp;&nbsp;&nbsp;2.08%, 04/22/2026<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp;&nbsp;&nbsp; 302080 |
| &nbsp;&nbsp;&nbsp;4.13%, 12/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 125000 | &nbsp;&nbsp;&nbsp;&nbsp; 122171 |
| KeyBank N.A., 3.40%, 05/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp;&nbsp; 215760 |
| Lloyds Banking Group PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp;4.45%, 05/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 755000 | &nbsp;&nbsp;&nbsp;&nbsp; 738760 |
| &nbsp;&nbsp;&nbsp;3.87%, 07/09/2025<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 201000 | &nbsp;&nbsp;&nbsp;&nbsp; 193577 |
| &nbsp;&nbsp;&nbsp;3.75%, 01/11/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp;&nbsp;&nbsp; 348926 |
| Mitsubishi UFJ Financial Group, Inc. (Japan), |  |  |
| &nbsp;&nbsp;&nbsp;3.96%, 03/02/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp; 212346 |
| &nbsp;&nbsp;&nbsp;4.05%, 09/11/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp; 212180 |
| National Australia Bank Ltd. (Australia), |  |  |
| &nbsp;&nbsp;&nbsp;3.38%, 01/14/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 288051 |
| &nbsp;&nbsp;&nbsp;2.50%, 07/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 231719 |
| NatWest Group PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp;4.80%, 04/05/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 195054 |
| &nbsp;&nbsp;&nbsp;5.52%, 09/30/2028<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp;&nbsp; 639173 |
| Sumitomo Mitsui Financial Group, Inc. (Japan), |  |  |
| &nbsp;&nbsp;&nbsp;2.35%, 01/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 188939 |
| &nbsp;&nbsp;&nbsp;3.45%, 01/11/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 475000 | &nbsp;&nbsp;&nbsp;&nbsp; 444791 |
| &nbsp;&nbsp;&nbsp;2.14%, 09/23/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp; 347793 |
| Svenska Handelsbanken AB (Sweden), 3.90%, 11/20/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 474000 | &nbsp;&nbsp;&nbsp;&nbsp; 468660 |
| Toronto-Dominion Bank (The) (Canada), 1.25%, 09/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 87943 |
| U.S. Bancorp, Series W, 3.10%, 04/27/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp;&nbsp; 152020 |
| Wells Fargo & Co., 4.10%, 06/03/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp; 437841 |
| Wells Fargo Bank N.A., 6.60%, 01/15/2038 | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 331999 |
| Westpac Banking Corp. (Australia), |  |  |
| &nbsp;&nbsp;&nbsp;2.85%, 05/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 451000 | &nbsp;&nbsp;&nbsp;&nbsp; 425849 |
| &nbsp;&nbsp;&nbsp;2.70%, 08/19/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 373680 |
| &nbsp;&nbsp;&nbsp;3.35%, 03/08/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 142585 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17847984 |
| **Diversified Capital Markets–0.73%** | **Diversified Capital Markets–0.73%** | **Diversified Capital Markets–0.73%** |
| Credit Suisse AG (Switzerland), 1.25%, 08/07/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp; 277593 |
| Credit Suisse Group AG (Switzerland), 4.55%, 04/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 425000 | &nbsp;&nbsp;&nbsp;&nbsp; 369513 |

---

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

Invesco Intermediate Bond Factor Fund

------

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Diversified Capital Markets–(continued)** | **Diversified Capital Markets–(continued)** | **Diversified Capital Markets–(continued)** |
| Deutsche Bank AG (Germany), |  |  |
| &nbsp;&nbsp;&nbsp;4.16%, 05/13/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $146617 |
| &nbsp;&nbsp;&nbsp;6.12%, 07/14/2026<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 294826 |
| &nbsp;&nbsp;&nbsp;3.04%, 05/28/2032<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp; 339281 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1427830 |
| **Diversified Chemicals–0.20%** | **Diversified Chemicals–0.20%** | **Diversified Chemicals–0.20%** |
| Celanese US Holdings LLC, |  |  |
| &nbsp;&nbsp;&nbsp;6.05%, 03/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 248880 |
| &nbsp;&nbsp;&nbsp;6.38%, 07/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 95377 |
| Dow Chemical Co. (The), 9.40%, 05/15/2039 | &nbsp;&nbsp;&nbsp;&nbsp; 32000 | &nbsp;&nbsp;&nbsp;&nbsp; 42298 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386555 |
| **Diversified Support Services–0.12%** | **Diversified Support Services–0.12%** | **Diversified Support Services–0.12%** |
| Cintas Corp. No. 2, 3.70%, 04/01/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 242304 |
| **Education Services–0.01%** | **Education Services–0.01%** | **Education Services–0.01%** |
| California Institute of Technology, 4.70%, 11/01/2111 | &nbsp;&nbsp;&nbsp;&nbsp; 27000 | &nbsp;&nbsp;&nbsp;&nbsp; 22967 |
| **Electric Utilities–3.69%** | **Electric Utilities–3.69%** | **Electric Utilities–3.69%** |
| AEP Texas, Inc., 3.95%, 06/01/2028<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 806000 | &nbsp;&nbsp;&nbsp;&nbsp; 755910 |
| Appalachian Power Co., 7.00%, 04/01/2038 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 280338 |
| Consolidated Edison Co. of New York, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, 05/15/2058 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 168386 |
| &nbsp;&nbsp;&nbsp;3.70%, 11/15/2059 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1136570 |
| Edison International, |  |  |
| &nbsp;&nbsp;&nbsp;5.75%, 06/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 151743 |
| &nbsp;&nbsp;&nbsp;4.13%, 03/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 228000 | &nbsp;&nbsp;&nbsp;&nbsp; 210844 |
| Eversource Energy, |  |  |
| &nbsp;&nbsp;&nbsp;Series L, 2.90%, 10/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp;&nbsp; 221064 |
| &nbsp;&nbsp;&nbsp;Series M, 3.30%, 01/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 184234 |
| MidAmerican Energy Co., 3.65%, 04/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 180000 | &nbsp;&nbsp;&nbsp;&nbsp; 169927 |
| NextEra Energy Capital Holdings, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;3.50%, 04/01/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 229626 |
| &nbsp;&nbsp;&nbsp;5.65%, 05/01/2079<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 235000 | &nbsp;&nbsp;&nbsp;&nbsp; 206896 |
| Oglethorpe Power Corp., 5.95%, 11/01/2039 | &nbsp;&nbsp;&nbsp;&nbsp; 374000 | &nbsp;&nbsp;&nbsp;&nbsp; 366647 |
| Pacific Gas and Electric Co., |  |  |
| &nbsp;&nbsp;&nbsp;4.55%, 07/01/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp; 411014 |
| &nbsp;&nbsp;&nbsp;4.20%, 06/01/2041 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 304236 |
| PacifiCorp, 6.00%, 01/15/2039 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 210085 |
| Pinnacle West Capital Corp., 1.30%, 06/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 180634 |
| Progress Energy, Inc., 7.75%, 03/01/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 171531 |
| Southern California Edison Co., |  |  |
| &nbsp;&nbsp;&nbsp;6.65%, 04/01/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 519100 |
| &nbsp;&nbsp;&nbsp;6.00%, 01/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 168000 | &nbsp;&nbsp;&nbsp;&nbsp; 175414 |
| Southwestern Electric Power Co., Series N, 1.65%, 03/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 224545 |
| Union Electric Co., 8.45%, 03/15/2039 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 515079 |
| Virginia Electric & Power Co., 8.88%, 11/15/2038 | &nbsp;&nbsp;&nbsp;&nbsp; 316000 | &nbsp;&nbsp;&nbsp;&nbsp; 416332 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7210155 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Electronic Components–0.11%** | **Electronic Components–0.11%** | **Electronic Components–0.11%** |
| Amphenol Corp., 3.20%, 04/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $111000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $108606 |
| Corning, Inc., 5.85%, 11/15/2068 | &nbsp;&nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp; 101863 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210469 |
| **Gas Utilities–0.34%** | **Gas Utilities–0.34%** | **Gas Utilities–0.34%** |
| Southern California Gas Co., 3.20%, 06/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 239320 |
| Southwest Gas Corp., 4.05%, 03/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 475000 | &nbsp;&nbsp;&nbsp;&nbsp; 414922 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;654242 |
| **Health Care Distributors–0.11%** | **Health Care Distributors–0.11%** | **Health Care Distributors–0.11%** |
| McKesson Corp., 1.30%, 08/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 219971 |
| **Health Care Facilities–0.48%** | **Health Care Facilities–0.48%** | **Health Care Facilities–0.48%** |
| Ascension Health, Series B, 2.53%, 11/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp; 195223 |
| CommonSpirit Health, 1.55%, 10/01/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 314000 | &nbsp;&nbsp;&nbsp;&nbsp; 282434 |
| HCA, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 04/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 197000 | &nbsp;&nbsp;&nbsp;&nbsp; 196730 |
| &nbsp;&nbsp;&nbsp;5.25%, 06/15/2049 | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 262870 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;937257 |
| **Health Care REITs–0.39%** | **Health Care REITs–0.39%** | **Health Care REITs–0.39%** |
| Healthpeak Properties, Inc., 2.13%, 12/01/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 253037 |
| Omega Healthcare Investors, Inc., 3.38%, 02/01/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 615000 | &nbsp;&nbsp;&nbsp;&nbsp; 481185 |
| Sabra Health Care L.P., 5.13%, 08/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 28000 | &nbsp;&nbsp;&nbsp;&nbsp; 26434 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;760656 |
| **Health Care Services–0.48%** | **Health Care Services–0.48%** | **Health Care Services–0.48%** |
| CHRISTUS Health, Series C, 4.34%, 07/01/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 430000 | &nbsp;&nbsp;&nbsp;&nbsp; 407769 |
| Cigna Corp., 4.50%, 02/25/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 199266 |
| Dignity Health, 5.27%, 11/01/2064 | &nbsp;&nbsp;&nbsp;&nbsp; 248000 | &nbsp;&nbsp;&nbsp;&nbsp; 210994 |
| Toledo Hospital (The), 6.02%, 11/15/2048 | &nbsp;&nbsp;&nbsp;&nbsp; 154000 | &nbsp;&nbsp;&nbsp;&nbsp; 112035 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;930064 |
| **Home Improvement Retail–0.10%** | **Home Improvement Retail–0.10%** | **Home Improvement Retail–0.10%** |
| Lowe's Cos., Inc., 3.13%, 09/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 194548 |
| **Hotel & Resort REITs–0.10%** | **Hotel & Resort REITs–0.10%** | **Hotel & Resort REITs–0.10%** |
| Host Hotels & Resorts L.P., Series H, 3.38%, 12/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 125000 | &nbsp;&nbsp;&nbsp;&nbsp; 105842 |
| Service Properties Trust, |  |  |
| &nbsp;&nbsp;&nbsp;4.35%, 10/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 61000 | &nbsp;&nbsp;&nbsp;&nbsp; 57024 |
| &nbsp;&nbsp;&nbsp;4.95%, 10/01/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp; 36435 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199301 |
| **Hotels, Resorts & Cruise Lines–0.19%** | **Hotels, Resorts & Cruise Lines–0.19%** | **Hotels, Resorts & Cruise Lines–0.19%** |
| Booking Holdings, Inc., 3.55%, 03/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 399000 | &nbsp;&nbsp;&nbsp;&nbsp; 374758 |
| **Hypermarkets & Super Centers–0.22%** | **Hypermarkets & Super Centers–0.22%** | **Hypermarkets & Super Centers–0.22%** |
| Walmart, Inc., 3.95%, 06/28/2038 | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp; 419819 |

---

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

Invesco Intermediate Bond Factor Fund

------

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Independent Power Producers & Energy Traders–0.11%** | **Independent Power Producers & Energy Traders–0.11%** | **Independent Power Producers & Energy Traders–0.11%** |
| Enel Generacion Chile S.A. (Chile), 4.25%, 04/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $226000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $223008 |
| **Industrial Conglomerates–0.27%** | **Industrial Conglomerates–0.27%** | **Industrial Conglomerates–0.27%** |
| 3M Co., 5.70%, 03/15/2037 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 530060 |
| **Industrial Machinery–0.31%** | **Industrial Machinery–0.31%** | **Industrial Machinery–0.31%** |
| Parker-Hannifin Corp., 3.25%, 03/01/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 281280 |
| Stanley Black & Decker, Inc., 4.25%, 11/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 331000 | &nbsp;&nbsp;&nbsp;&nbsp; 321953 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;603233 |
| **Insurance Brokers–0.28%** | **Insurance Brokers–0.28%** | **Insurance Brokers–0.28%** |
| Aon Corp., 8.21%, 01/01/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 104441 |
| Marsh & McLennan Cos., Inc., 3.88%, 03/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 456000 | &nbsp;&nbsp;&nbsp;&nbsp; 450015 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;554456 |
| **Integrated Oil & Gas–1.33%** | **Integrated Oil & Gas–1.33%** | **Integrated Oil & Gas–1.33%** |
| BP Capital Markets PLC (United Kingdom), 3.72%, 11/28/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp;&nbsp;&nbsp; 309648 |
| Chevron Corp., 2.90%, 03/03/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 324000 | &nbsp;&nbsp;&nbsp;&nbsp; 317433 |
| Chevron USA, Inc., 3.85%, 01/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp; 218861 |
| Exxon Mobil Corp., |  |  |
| &nbsp;&nbsp;&nbsp;2.99%, 03/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp; 436162 |
| &nbsp;&nbsp;&nbsp;3.48%, 03/19/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp; 424073 |
| Shell International Finance B.V. (Netherlands), |  |  |
| &nbsp;&nbsp;&nbsp;3.25%, 05/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp; 87516 |
| &nbsp;&nbsp;&nbsp;2.38%, 11/07/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp; 307296 |
| &nbsp;&nbsp;&nbsp;6.38%, 12/15/2038 | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp; 506119 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2607108 |
| **Integrated Telecommunication Services–0.99%** | **Integrated Telecommunication Services–0.99%** | **Integrated Telecommunication Services–0.99%** |
| British Telecommunications PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp;5.13%, 12/04/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp; 221036 |
| &nbsp;&nbsp;&nbsp;9.63%, 12/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 301524 |
| Koninklijke KPN N.V. (Netherlands), 8.38%, 10/01/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 175000 | &nbsp;&nbsp;&nbsp;&nbsp; 197308 |
| TCI Communications, Inc., 7.13%, 02/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp; 772416 |
| Verizon Communications, Inc., 0.85%, 11/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 448926 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1941210 |
| **Interactive Media & Services–0.73%** | **Interactive Media & Services–0.73%** | **Interactive Media & Services–0.73%** |
| Baidu, Inc. (China), |  |  |
| &nbsp;&nbsp;&nbsp;4.38%, 05/14/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 392854 |
| &nbsp;&nbsp;&nbsp;1.63%, 02/23/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 213215 |
| &nbsp;&nbsp;&nbsp;4.38%, 03/29/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 281796 |
| &nbsp;&nbsp;&nbsp;4.88%, 11/14/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 191721 |
| &nbsp;&nbsp;&nbsp;2.38%, 08/23/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 157078 |
| Weibo Corp. (China), 3.50%, 07/05/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 191348 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1428012 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Internet & Direct Marketing Retail–2.15%** | **Internet & Direct Marketing Retail–2.15%** | **Internet & Direct Marketing Retail–2.15%** |
| Alibaba Group Holding Ltd. (China), |  |  |
| &nbsp;&nbsp;&nbsp;3.40%, 12/06/2027 | &nbsp;&nbsp;&nbsp;&nbsp; $330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $303385 |
| &nbsp;&nbsp;&nbsp;2.13%, 02/09/2031<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp;&nbsp; 425184 |
| &nbsp;&nbsp;&nbsp;4.50%, 11/28/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 570000 | &nbsp;&nbsp;&nbsp;&nbsp; 506419 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/06/2037 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 320791 |
| &nbsp;&nbsp;&nbsp;4.20%, 12/06/2047 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 191976 |
| Amazon.com, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;4.25%, 08/22/2057 | &nbsp;&nbsp;&nbsp;&nbsp; 1925000 | &nbsp;&nbsp;&nbsp;&nbsp; 1718311 |
| &nbsp;&nbsp;&nbsp;3.25%, 05/12/2061 | &nbsp;&nbsp;&nbsp;&nbsp; 475000 | &nbsp;&nbsp;&nbsp;&nbsp; 342207 |
| &nbsp;&nbsp;&nbsp;4.10%, 04/13/2062 | &nbsp;&nbsp;&nbsp;&nbsp; 475000 | &nbsp;&nbsp;&nbsp;&nbsp; 401980 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4210253 |
| **Investment Banking & Brokerage–2.44%** | **Investment Banking & Brokerage–2.44%** | **Investment Banking & Brokerage–2.44%** |
| Brookfield Finance, Inc. (Canada), |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 04/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 240000 | &nbsp;&nbsp;&nbsp;&nbsp; 235867 |
| &nbsp;&nbsp;&nbsp;3.90%, 01/25/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 240000 | &nbsp;&nbsp;&nbsp;&nbsp; 223401 |
| Goldman Sachs Group, Inc. (The), |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 03/03/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1077000 | &nbsp;&nbsp;&nbsp;&nbsp; 1064927 |
| &nbsp;&nbsp;&nbsp;3.50%, 11/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 301000 | &nbsp;&nbsp;&nbsp;&nbsp; 286472 |
| &nbsp;&nbsp;&nbsp;6.25%, 02/01/2041 | &nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp;&nbsp;&nbsp; 292171 |
| Jefferies Financial Group, Inc., 6.25%, 01/15/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 182000 | &nbsp;&nbsp;&nbsp;&nbsp; 181913 |
| Morgan Stanley, |  |  |
| &nbsp;&nbsp;&nbsp;3.74%, 04/24/2024<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 726000 | &nbsp;&nbsp;&nbsp;&nbsp; 721059 |
| &nbsp;&nbsp;&nbsp;3.88%, 01/27/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 415000 | &nbsp;&nbsp;&nbsp;&nbsp; 402293 |
| &nbsp;&nbsp;&nbsp;Series F, 3.88%, 04/29/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 538000 | &nbsp;&nbsp;&nbsp;&nbsp; 529527 |
| Nomura Holdings, Inc. (Japan), |  |  |
| &nbsp;&nbsp;&nbsp;2.65%, 01/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 189217 |
| &nbsp;&nbsp;&nbsp;1.65%, 07/14/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 290000 | &nbsp;&nbsp;&nbsp;&nbsp; 253071 |
| &nbsp;&nbsp;&nbsp;2.33%, 01/22/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 175485 |
| &nbsp;&nbsp;&nbsp;2.71%, 01/22/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp;&nbsp; 218067 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4773470 |
| **IT Consulting & Other Services–0.34%** | **IT Consulting & Other Services–0.34%** | **IT Consulting & Other Services–0.34%** |
| International Business Machines Corp., 7.13%, 12/01/2096 | &nbsp;&nbsp;&nbsp;&nbsp; 383000 | &nbsp;&nbsp;&nbsp;&nbsp; 476427 |
| Kyndryl Holdings, Inc., 2.70%, 10/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 187462 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;663889 |
| **Leisure Products–0.31%** | **Leisure Products–0.31%** | **Leisure Products–0.31%** |
| Brunswick Corp., 5.10%, 04/01/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 179797 |
| Hasbro, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;6.35%, 03/15/2040 | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 293973 |
| &nbsp;&nbsp;&nbsp;5.10%, 05/15/2044 | &nbsp;&nbsp;&nbsp;&nbsp; 147000 | &nbsp;&nbsp;&nbsp;&nbsp; 125539 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;599309 |
| **Life & Health Insurance–1.11%** | **Life & Health Insurance–1.11%** | **Life & Health Insurance–1.11%** |
| Brighthouse Financial, Inc., 4.70%, 06/22/2047 | &nbsp;&nbsp;&nbsp;&nbsp; 236000 | &nbsp;&nbsp;&nbsp;&nbsp; 175783 |
| Manulife Financial Corp. (Canada), 4.15%, 03/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 135000 | &nbsp;&nbsp;&nbsp;&nbsp; 132883 |
| MetLife, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;3.60%, 04/10/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 692000 | &nbsp;&nbsp;&nbsp;&nbsp; 681137 |
| &nbsp;&nbsp;&nbsp;Series D, 5.88%<sup>(d)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 92877 |
| Prudential Financial, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;5.63%, 06/15/2043<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 342000 | &nbsp;&nbsp;&nbsp;&nbsp; 339717 |
| &nbsp;&nbsp;&nbsp;5.20%, 03/15/2044<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp; 212034 |
| &nbsp;&nbsp;&nbsp;5.38%, 05/15/2045<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 135000 | &nbsp;&nbsp;&nbsp;&nbsp; 126841 |
| Reliance Standard Life Global Funding II, 2.75%, 01/21/2027<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 441000 | &nbsp;&nbsp;&nbsp;&nbsp; 397545 |

---

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

Invesco Intermediate Bond Factor Fund

------

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Life & Health Insurance–(continued)** | **Life & Health Insurance–(continued)** | **Life & Health Insurance–(continued)** |
| Unum Group, 5.75%, 08/15/2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $13000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $11628 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2170445 |
| **Life Sciences Tools & Services–0.09%** | **Life Sciences Tools & Services–0.09%** | **Life Sciences Tools & Services–0.09%** |
| PerkinElmer, Inc., 3.30%, 09/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 174790 |
| **Managed Health Care–0.11%** | **Managed Health Care–0.11%** | **Managed Health Care–0.11%** |
| Kaiser Foundation Hospitals, 3.15%, 05/01/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp; 212241 |
| **Motorcycle Manufacturers–0.11%** | **Motorcycle Manufacturers–0.11%** | **Motorcycle Manufacturers–0.11%** |
| Harley-Davidson, Inc., 4.63%, 07/28/2045 | &nbsp;&nbsp;&nbsp;&nbsp; 279000 | &nbsp;&nbsp;&nbsp;&nbsp; 212457 |
| **Movies & Entertainment–0.46%** | **Movies & Entertainment–0.46%** | **Movies & Entertainment–0.46%** |
| TWDC Enterprises 18 Corp., 3.15%, 09/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp; 433704 |
| Warnermedia Holdings, Inc., 4.05%, 03/15/2029<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp;&nbsp; 460134 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;893838 |
| **Multi-line Insurance–0.23%** | **Multi-line Insurance–0.23%** | **Multi-line Insurance–0.23%** |
| American International Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;3.90%, 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp; 72904 |
| &nbsp;&nbsp;&nbsp;Series A-9, 5.75%, 04/01/2048<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp; 18830 |
| Assured Guaranty US Holdings, Inc., 5.00%, 07/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 176000 | &nbsp;&nbsp;&nbsp;&nbsp; 176064 |
| AXA S.A. (France), 8.60%, 12/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 177351 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445149 |
| **Multi-Utilities–0.25%** | **Multi-Utilities–0.25%** | **Multi-Utilities–0.25%** |
| Black Hills Corp., |  |  |
| &nbsp;&nbsp;&nbsp;4.25%, 11/30/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 216000 | &nbsp;&nbsp;&nbsp;&nbsp; 213649 |
| &nbsp;&nbsp;&nbsp;3.95%, 01/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 277000 | &nbsp;&nbsp;&nbsp;&nbsp; 268043 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481692 |
| **Office REITs–0.32%** | **Office REITs–0.32%** | **Office REITs–0.32%** |
| Boston Properties L.P., |  |  |
| &nbsp;&nbsp;&nbsp;2.75%, 10/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp; 172464 |
| &nbsp;&nbsp;&nbsp;3.40%, 06/21/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 346116 |
| Office Properties Income Trust, 2.40%, 02/01/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 108464 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;627044 |
| **Oil & Gas Equipment & Services–0.14%** | **Oil & Gas Equipment & Services–0.14%** | **Oil & Gas Equipment & Services–0.14%** |
| Baker Hughes Holdings LLC, 5.13%, 09/15/2040 | &nbsp;&nbsp;&nbsp;&nbsp; 152000 | &nbsp;&nbsp;&nbsp;&nbsp; 142724 |
| Halliburton Co., 7.45%, 09/15/2039 | &nbsp;&nbsp;&nbsp;&nbsp; 113000 | &nbsp;&nbsp;&nbsp;&nbsp; 129059 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271783 |
| **Oil & Gas Exploration & Production–0.25%** | **Oil & Gas Exploration & Production–0.25%** | **Oil & Gas Exploration & Production–0.25%** |
| ConocoPhillips Co., 6.95%, 04/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 223144 |
| Marathon Oil Corp., 6.60%, 10/01/2037 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 257521 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480665 |
| **Oil & Gas Storage & Transportation–1.31%** | **Oil & Gas Storage & Transportation–1.31%** | **Oil & Gas Storage & Transportation–1.31%** |
| Columbia Pipeline Group, Inc., 5.80%, 06/01/2045 | &nbsp;&nbsp;&nbsp;&nbsp; 143000 | &nbsp;&nbsp;&nbsp;&nbsp; 141928 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Oil & Gas Storage & Transportation–(continued)** | **Oil & Gas Storage & Transportation–(continued)** | **Oil & Gas Storage & Transportation–(continued)** |
| Energy Transfer L.P., |  |  |
| &nbsp;&nbsp;&nbsp;4.95%, 05/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $51000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $49180 |
| &nbsp;&nbsp;&nbsp;5.30%, 04/15/2047 | &nbsp;&nbsp;&nbsp;&nbsp; 389000 | &nbsp;&nbsp;&nbsp;&nbsp; 331510 |
| &nbsp;&nbsp;&nbsp;5.40%, 10/01/2047 | &nbsp;&nbsp;&nbsp;&nbsp; 167000 | &nbsp;&nbsp;&nbsp;&nbsp; 144415 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/2050 | &nbsp;&nbsp;&nbsp;&nbsp; 470000 | &nbsp;&nbsp;&nbsp;&nbsp; 388101 |
| Enterprise Products Operating LLC, |  |  |
| &nbsp;&nbsp;&nbsp;3.75%, 02/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 165000 | &nbsp;&nbsp;&nbsp;&nbsp; 161378 |
| &nbsp;&nbsp;&nbsp;4.15%, 10/16/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 238533 |
| Kinder Morgan Energy Partners L.P., 6.95%, 01/15/2038 | &nbsp;&nbsp;&nbsp;&nbsp; 131000 | &nbsp;&nbsp;&nbsp;&nbsp; 139858 |
| ONEOK, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;3.40%, 09/01/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 480000 | &nbsp;&nbsp;&nbsp;&nbsp; 418560 |
| &nbsp;&nbsp;&nbsp;5.20%, 07/15/2048 | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 127721 |
| Plains All American Pipeline L.P./PAA Finance Corp., 6.65%, 01/15/2037 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 100303 |
| Spectra Energy Partners L.P., 3.50%, 03/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 175000 | &nbsp;&nbsp;&nbsp;&nbsp; 168921 |
| Williams Cos., Inc. (The), 6.30%, 04/15/2040 | &nbsp;&nbsp;&nbsp;&nbsp; 136000 | &nbsp;&nbsp;&nbsp;&nbsp; 141318 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2551726 |
| **Other Diversified Financial Services–0.24%** | **Other Diversified Financial Services–0.24%** | **Other Diversified Financial Services–0.24%** |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland), 3.30%, 01/30/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 119651 |
| Blackstone Holdings Finance Co. LLC, 3.15%, 10/02/2027<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 125000 | &nbsp;&nbsp;&nbsp;&nbsp; 113815 |
| ORIX Corp. (Japan), |  |  |
| &nbsp;&nbsp;&nbsp;4.05%, 01/16/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 148080 |
| &nbsp;&nbsp;&nbsp;3.70%, 07/18/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 72000 | &nbsp;&nbsp;&nbsp;&nbsp; 67975 |
| Voya Financial, Inc., 5.65%, 05/15/2053<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp; 19567 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469088 |
| **Packaged Foods & Meats–0.28%** | **Packaged Foods & Meats–0.28%** | **Packaged Foods & Meats–0.28%** |
| Conagra Brands, Inc., 7.00%, 10/01/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 160907 |
| JBS USA LUX S.A./JBS USA Food Co./JBS USA Finance, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;5.13%, 02/01/2028<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 191092 |
| &nbsp;&nbsp;&nbsp;3.00%, 02/02/2029<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp; 189823 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;541822 |
| **Paper Products–0.10%** | **Paper Products–0.10%** | **Paper Products–0.10%** |
| Suzano Austria GmbH (Brazil), 6.00%, 01/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 198721 |
| **Pharmaceuticals–1.02%** | **Pharmaceuticals–1.02%** | **Pharmaceuticals–1.02%** |
| Bristol-Myers Squibb Co., 3.40%, 07/26/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 234309 |
| Johnson & Johnson, |  |  |
| &nbsp;&nbsp;&nbsp;1.30%, 09/01/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 125000 | &nbsp;&nbsp;&nbsp;&nbsp; 102558 |
| &nbsp;&nbsp;&nbsp;3.55%, 03/01/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 272162 |
| &nbsp;&nbsp;&nbsp;2.45%, 09/01/2060 | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp; 226468 |
| Mylan, Inc., 4.55%, 04/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp; 212157 |
| Novartis Capital Corp. (Switzerland), 3.10%, 05/17/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp; 431224 |
| Pharmacia LLC, 6.60%, 12/01/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 175000 | &nbsp;&nbsp;&nbsp;&nbsp; 193490 |
| Viatris, Inc., 2.70%, 06/22/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 319367 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1991735 |

---

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

Invesco Intermediate Bond Factor Fund

------

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Property & Casualty Insurance–0.32%** | **Property & Casualty Insurance–0.32%** | **Property & Casualty Insurance–0.32%** |
| Allstate Corp. (The), 3.28%, 12/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; $190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $180780 |
| CNA Financial Corp., 3.45%, 08/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 278319 |
| Stewart Information Services Corp., 3.60%, 11/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp; 174593 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633692 |
| **Railroads–0.37%** | **Railroads–0.37%** | **Railroads–0.37%** |
| Canadian Pacific Railway Co. (Canada), 6.13%, 09/15/2115 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 202999 |
| Norfolk Southern Corp., 4.10%, 05/15/2121 | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp; 320997 |
| Union Pacific Corp., 3.85%, 02/14/2072 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 190077 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;714073 |
| **Regional Banks–0.42%** | **Regional Banks–0.42%** | **Regional Banks–0.42%** |
| Fifth Third Bancorp, 2.38%, 01/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 235000 | &nbsp;&nbsp;&nbsp;&nbsp; 222011 |
| Huntington Bancshares, Inc., 2.63%, 08/06/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp;&nbsp; 220380 |
| PNC Financial Services Group, Inc. (The), 3.90%, 04/29/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 270000 | &nbsp;&nbsp;&nbsp;&nbsp; 266549 |
| Truist Bank, |  |  |
| &nbsp;&nbsp;&nbsp;4.05%, 11/03/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 9828 |
| &nbsp;&nbsp;&nbsp;3.30%, 05/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 115000 | &nbsp;&nbsp;&nbsp;&nbsp; 107886 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;826654 |
| **Reinsurance–0.06%** | **Reinsurance–0.06%** | **Reinsurance–0.06%** |
| Enstar Group Ltd., 3.10%, 09/01/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp; 80719 |
| RenaissanceRe Finance, Inc. (Bermuda), 3.70%, 04/01/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 34000 | &nbsp;&nbsp;&nbsp;&nbsp; 33027 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113746 |
| **Residential REITs–0.28%** | **Residential REITs–0.28%** | **Residential REITs–0.28%** |
| AvalonBay Communities, Inc., 4.20%, 12/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp;&nbsp;&nbsp; 321398 |
| Mid-America Apartments L.P., 3.60%, 06/01/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 95137 |
| Spirit Realty L.P., 3.20%, 02/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 175000 | &nbsp;&nbsp;&nbsp;&nbsp; 139099 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555634 |
| **Retail REITs–0.54%** | **Retail REITs–0.54%** | **Retail REITs–0.54%** |
| Realty Income Corp., |  |  |
| &nbsp;&nbsp;&nbsp;3.95%, 08/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 240043 |
| &nbsp;&nbsp;&nbsp;2.20%, 06/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 171764 |
| Simon Property Group L.P., |  |  |
| &nbsp;&nbsp;&nbsp;2.25%, 01/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 290000 | &nbsp;&nbsp;&nbsp;&nbsp; 226070 |
| &nbsp;&nbsp;&nbsp;6.75%, 02/01/2040 | &nbsp;&nbsp;&nbsp;&nbsp; 244000 | &nbsp;&nbsp;&nbsp;&nbsp; 263054 |
| &nbsp;&nbsp;&nbsp;4.25%, 10/01/2044 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 159327 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1060258 |
| **Semiconductors–1.04%** | **Semiconductors–1.04%** | **Semiconductors–1.04%** |
| Broadcom, Inc., 4.93%, 05/15/2037<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 265000 | &nbsp;&nbsp;&nbsp;&nbsp; 232836 |
| Intel Corp., |  |  |
| &nbsp;&nbsp;&nbsp;4.95%, 03/25/2060<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 460000 | &nbsp;&nbsp;&nbsp;&nbsp; 418712 |
| &nbsp;&nbsp;&nbsp;5.05%, 08/05/2062 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 364733 |
| QUALCOMM, Inc., 2.90%, 05/20/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 681000 | &nbsp;&nbsp;&nbsp;&nbsp; 664849 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Semiconductors–(continued)** | **Semiconductors–(continued)** | **Semiconductors–(continued)** |
| TSMC Arizona Corp. (Taiwan), 2.50%, 10/25/2031 | &nbsp;&nbsp;&nbsp;&nbsp; $250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $207571 |
| Xilinx, Inc., 2.95%, 06/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 145923 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2034624 |
| **Specialized Finance–0.25%** | **Specialized Finance–0.25%** | **Specialized Finance–0.25%** |
| National Rural Utilities Cooperative Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;3.40%, 11/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 305000 | &nbsp;&nbsp;&nbsp;&nbsp; 300423 |
| &nbsp;&nbsp;&nbsp;8.00%, 03/01/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 148000 | &nbsp;&nbsp;&nbsp;&nbsp; 177283 |
| &nbsp;&nbsp;&nbsp;5.25%, 04/20/2046<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 12000 | &nbsp;&nbsp;&nbsp;&nbsp; 10783 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488489 |
| **Specialized REITs–0.21%** | **Specialized REITs–0.21%** | **Specialized REITs–0.21%** |
| American Tower Corp., 3.95%, 03/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 240000 | &nbsp;&nbsp;&nbsp;&nbsp; 222330 |
| GLP Capital L.P./GLP Financing II, Inc., 5.30%, 01/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 188300 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410630 |
| **Specialty Chemicals–0.44%** | **Specialty Chemicals–0.44%** | **Specialty Chemicals–0.44%** |
| DuPont de Nemours, Inc., 4.49%, 11/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 610000 | &nbsp;&nbsp;&nbsp;&nbsp; 605545 |
| PPG Industries, Inc., 2.40%, 08/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 261000 | &nbsp;&nbsp;&nbsp;&nbsp; 250725 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;856270 |
| **Steel–0.13%** | **Steel–0.13%** | **Steel–0.13%** |
| ArcelorMittal S.A. (Luxembourg), |  |  |
| &nbsp;&nbsp;&nbsp;7.00%, 10/15/2039 | &nbsp;&nbsp;&nbsp;&nbsp; 27000 | &nbsp;&nbsp;&nbsp;&nbsp; 27216 |
| &nbsp;&nbsp;&nbsp;6.75%, 03/01/2041 | &nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp; 219834 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247050 |
| **Systems Software–0.79%** | **Systems Software–0.79%** | **Systems Software–0.79%** |
| Microsoft Corp., |  |  |
| &nbsp;&nbsp;&nbsp;3.13%, 11/03/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 425000 | &nbsp;&nbsp;&nbsp;&nbsp; 413054 |
| &nbsp;&nbsp;&nbsp;3.04%, 03/17/2062 | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp; 328710 |
| Oracle Corp., |  |  |
| &nbsp;&nbsp;&nbsp;3.90%, 05/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 334788 |
| &nbsp;&nbsp;&nbsp;3.85%, 04/01/2060 | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 202786 |
| &nbsp;&nbsp;&nbsp;4.10%, 03/25/2061 | &nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp;&nbsp;&nbsp; 267370 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1546708 |
| **Technology Distributors–0.12%** | **Technology Distributors–0.12%** | **Technology Distributors–0.12%** |
| CDW LLC/CDW Finance Corp., 4.13%, 05/01/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 240107 |
| **Technology Hardware, Storage & Peripherals–1.39%** | **Technology Hardware, Storage & Peripherals–1.39%** | **Technology Hardware, Storage & Peripherals–1.39%** |
| Apple, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;1.13%, 05/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 462352 |
| &nbsp;&nbsp;&nbsp;3.25%, 02/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 355000 | &nbsp;&nbsp;&nbsp;&nbsp; 343714 |
| &nbsp;&nbsp;&nbsp;3.35%, 02/09/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 484138 |
| &nbsp;&nbsp;&nbsp;1.20%, 02/08/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 128895 |
| &nbsp;&nbsp;&nbsp;4.45%, 05/06/2044 | &nbsp;&nbsp;&nbsp;&nbsp; 476000 | &nbsp;&nbsp;&nbsp;&nbsp; 463574 |
| &nbsp;&nbsp;&nbsp;2.85%, 08/05/2061 | &nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp; 153517 |
| Hewlett Packard Enterprise Co., 6.35%, 10/15/2045 | &nbsp;&nbsp;&nbsp;&nbsp; 220000 | &nbsp;&nbsp;&nbsp;&nbsp; 226714 |
| HP, Inc., 6.00%, 09/15/2041 | &nbsp;&nbsp;&nbsp;&nbsp; 245000 | &nbsp;&nbsp;&nbsp;&nbsp; 239540 |
| Western Digital Corp., 2.85%, 02/01/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp;&nbsp;&nbsp; 218951 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2721395 |

---

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

Invesco Intermediate Bond Factor Fund

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Principal<br> Amount** | **Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Tobacco–3.08%** | **Tobacco–3.08%** | **Tobacco–3.08%** | **Tobacco–3.08%** |
| Altria Group, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;2.63%, 09/16/2026 |  | &nbsp;&nbsp;&nbsp;&nbsp; $225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $206808 |
| &nbsp;&nbsp;&nbsp;4.80%, 02/14/2029 |  | &nbsp;&nbsp;&nbsp;&nbsp; 353000 | &nbsp;&nbsp;&nbsp;&nbsp; 339295 |
| &nbsp;&nbsp;&nbsp;3.40%, 05/06/2030 |  | &nbsp;&nbsp;&nbsp;&nbsp; 460000 | &nbsp;&nbsp;&nbsp;&nbsp; 395860 |
| &nbsp;&nbsp;&nbsp;2.45%, 02/04/2032 |  | &nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp; 607595 |
| &nbsp;&nbsp;&nbsp;5.80%, 02/14/2039 |  | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 185669 |
| &nbsp;&nbsp;&nbsp;4.50%, 05/02/2043 |  | &nbsp;&nbsp;&nbsp;&nbsp; 557000 | &nbsp;&nbsp;&nbsp;&nbsp; 421377 |
| &nbsp;&nbsp;&nbsp;3.88%, 09/16/2046 |  | &nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp; 153695 |
| &nbsp;&nbsp;&nbsp;5.95%, 02/14/2049 |  | &nbsp;&nbsp;&nbsp;&nbsp; 41000 | &nbsp;&nbsp;&nbsp;&nbsp; 36477 |
| B.A.T Capital Corp. (United Kingdom), |  |  |  |
| &nbsp;&nbsp;&nbsp;3.56%, 08/15/2027 |  | &nbsp;&nbsp;&nbsp;&nbsp; 407000 | &nbsp;&nbsp;&nbsp;&nbsp; 371543 |
| &nbsp;&nbsp;&nbsp;2.26%, 03/25/2028 |  | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp; 293616 |
| &nbsp;&nbsp;&nbsp;4.74%, 03/16/2032 |  | &nbsp;&nbsp;&nbsp;&nbsp; 415000 | &nbsp;&nbsp;&nbsp;&nbsp; 376491 |
| &nbsp;&nbsp;&nbsp;4.54%, 08/15/2047 |  | &nbsp;&nbsp;&nbsp;&nbsp; 172000 | &nbsp;&nbsp;&nbsp;&nbsp; 125005 |
| BAT Capital Corp. (United Kingdom), |  |  |  |
| &nbsp;&nbsp;&nbsp;3.22%, 08/15/2024 |  | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 192963 |
| &nbsp;&nbsp;&nbsp;4.76%, 09/06/2049 |  | &nbsp;&nbsp;&nbsp;&nbsp; 35000 | &nbsp;&nbsp;&nbsp;&nbsp; 26018 |
| BAT International Finance PLC (United Kingdom), 4.45%, 03/16/2028 |  | &nbsp;&nbsp;&nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp;&nbsp; 489483 |
| Philip Morris International, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;2.10%, 05/01/2030 |  | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 202573 |
| &nbsp;&nbsp;&nbsp;1.75%, 11/01/2030 |  | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 235183 |
| &nbsp;&nbsp;&nbsp;6.38%, 05/16/2038 |  | &nbsp;&nbsp;&nbsp;&nbsp; 280000 | &nbsp;&nbsp;&nbsp;&nbsp; 291347 |
| &nbsp;&nbsp;&nbsp;4.50%, 03/20/2042 |  | &nbsp;&nbsp;&nbsp;&nbsp; 418000 | &nbsp;&nbsp;&nbsp;&nbsp; 347374 |
| Reynolds American, Inc. (United Kingdom), |  |  |  |
| &nbsp;&nbsp;&nbsp;5.70%, 08/15/2035 |  | &nbsp;&nbsp;&nbsp;&nbsp; 256000 | &nbsp;&nbsp;&nbsp;&nbsp; 236779 |
| &nbsp;&nbsp;&nbsp;5.85%, 08/15/2045 |  | &nbsp;&nbsp;&nbsp;&nbsp; 545000 | &nbsp;&nbsp;&nbsp;&nbsp; 477201 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6012352 |
| **Trading Companies & Distributors–0.24%** | **Trading Companies & Distributors–0.24%** | **Trading Companies & Distributors–0.24%** | **Trading Companies & Distributors–0.24%** |
| Air Lease Corp., 3.00%, 02/01/2030 |  | &nbsp;&nbsp;&nbsp;&nbsp; 560000 | &nbsp;&nbsp;&nbsp;&nbsp; 469008 |
| **Water Utilities–0.09%** | **Water Utilities–0.09%** | **Water Utilities–0.09%** | **Water Utilities–0.09%** |
| American Water Capital Corp., 3.85%, 03/01/2024 |  | &nbsp;&nbsp;&nbsp;&nbsp; 174000 | &nbsp;&nbsp;&nbsp;&nbsp; 171739 |
| **Wireless Telecommunication Services–0.64%** | **Wireless Telecommunication Services–0.64%** | **Wireless Telecommunication Services–0.64%** | **Wireless Telecommunication Services–0.64%** |
| America Movil S.A.B. de C.V. (Mexico), 6.38%, 03/01/2035 |  | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 433298 |
| Vodafone Group PLC (United Kingdom), 4.88%, 06/19/2049 |  | &nbsp;&nbsp;&nbsp;&nbsp; 960000 | &nbsp;&nbsp;&nbsp;&nbsp; 820540 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1253838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Dollar Denominated Bonds & Notes (Cost $105,573,781) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Dollar Denominated Bonds & Notes (Cost $105,573,781) |  | &nbsp;&nbsp;&nbsp;&nbsp;95934629 |
| **U.S. Government Sponsored Agency Mortgage-Backed Securities–27.89%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities–27.89%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities–27.89%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities–27.89%** |
| **Collateralized Mortgage Obligations–1.40%** | **Collateralized Mortgage Obligations–1.40%** | **Collateralized Mortgage Obligations–1.40%** | **Collateralized Mortgage Obligations–1.40%** |
| Fannie Mae REMICs, |  |  |  |
| &nbsp;&nbsp;&nbsp;IO,<br> 3.50%, 08/25/2035<sup>(f)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 236874 | &nbsp;&nbsp;&nbsp;&nbsp; 29800 |
| &nbsp;&nbsp;&nbsp;5.50%, 07/25/2046<sup>(f)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 65787 | &nbsp;&nbsp;&nbsp;&nbsp; 9566 |
| &nbsp;&nbsp;&nbsp;4.00%, 08/25/2047<sup>(f)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 42224 | &nbsp;&nbsp;&nbsp;&nbsp; 7531 |
| &nbsp;&nbsp;&nbsp;1.88% (5.90% - (1.00 x 1 mo. USD LIBOR)), 09/25/2047<sup>(f)(g)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 561385 | &nbsp;&nbsp;&nbsp;&nbsp; 41302 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Principal<br> Amount** | **Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** |
| Freddie Mac Multifamily Structured Pass-Through Ctfs., |  |  |  |
| &nbsp;&nbsp;&nbsp;Series KC03, Class X1, IO,<br> 0.63%, 11/25/2024<sup>(h)</sup> |  | &nbsp;&nbsp; $3961685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $39865 |
| &nbsp;&nbsp;&nbsp;Series K734, Class X1, IO,<br> 0.79%, 02/25/2026<sup>(h)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 3020303 | &nbsp;&nbsp;&nbsp;&nbsp; 49361 |
| &nbsp;&nbsp;&nbsp;Series K735, Class X1, IO,<br> 1.10%, 05/25/2026<sup>(h)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 3030705 | &nbsp;&nbsp;&nbsp;&nbsp; 80763 |
| &nbsp;&nbsp;&nbsp;Series K093, Class X1, IO,<br> 1.09%, 05/25/2029<sup>(h)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 2540387 | &nbsp;&nbsp;&nbsp;&nbsp; 123356 |
| Freddie Mac REMICs, IO,<br> 2.23% (6.10% - (1.00 x 1 mo. USD LIBOR)), 01/15/2044<sup>(f)(g)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 133390 | &nbsp;&nbsp;&nbsp;&nbsp; 13743 |
| Freddie Mac STRIPS, IO,<br> 3.00%, 12/15/2027<sup>(f)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 53111 | &nbsp;&nbsp;&nbsp;&nbsp; 2542 |
| Uniform Mortgage-Backed Securities, TBA,<br> 5.00%, 12/01/2052<sup>(i)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 2350000 | &nbsp;&nbsp;&nbsp;&nbsp; 2338984 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2736813 |
| **Federal Home Loan Mortgage Corp. (FHLMC)–2.52%** | **Federal Home Loan Mortgage Corp. (FHLMC)–2.52%** | **Federal Home Loan Mortgage Corp. (FHLMC)–2.52%** | **Federal Home Loan Mortgage Corp. (FHLMC)–2.52%** |
| &nbsp;&nbsp;&nbsp;4.50%, 09/01/2049 to 01/01/2050 |  | &nbsp;&nbsp;&nbsp;&nbsp; 233582 | &nbsp;&nbsp;&nbsp;&nbsp; 230546 |
| &nbsp;&nbsp;&nbsp;3.00%, 01/01/2050 to 05/01/2050 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2568243 | &nbsp;&nbsp;&nbsp;&nbsp; 2325225 |
| &nbsp;&nbsp;&nbsp;2.50%, 07/01/2050 to 08/01/2050 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2724491 | &nbsp;&nbsp;&nbsp;&nbsp; 2369872 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4925643 |
| **Federal National Mortgage Association (FNMA)–23.96%** | **Federal National Mortgage Association (FNMA)–23.96%** | **Federal National Mortgage Association (FNMA)–23.96%** | **Federal National Mortgage Association (FNMA)–23.96%** |
| &nbsp;&nbsp;&nbsp;0.05%, 12/25/2022<sup>(j)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 3099906 | &nbsp;&nbsp;&nbsp;&nbsp; 121 |
| &nbsp;&nbsp;&nbsp;4.50%, 06/01/2049 |  | &nbsp;&nbsp;&nbsp;&nbsp; 109097 | &nbsp;&nbsp;&nbsp;&nbsp; 108219 |
| &nbsp;&nbsp;&nbsp;3.00%, 10/01/2049 to 11/01/2051 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2099834 | &nbsp;&nbsp;&nbsp;&nbsp; 1871868 |
| &nbsp;&nbsp;&nbsp;2.50%, 03/01/2050 to 08/01/2051 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1822801 | &nbsp;&nbsp;&nbsp;&nbsp; 1575186 |
| &nbsp;&nbsp;&nbsp;2.00%, 03/01/2051 to 08/01/2051 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2483073 | &nbsp;&nbsp;&nbsp;&nbsp; 2055413 |
| &nbsp;&nbsp;&nbsp;TBA,<br> 2.00%, 12/01/2037 to 12/01/2052<sup>(i)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 7682000 | &nbsp;&nbsp;&nbsp;&nbsp; 6408894 |
| &nbsp;&nbsp;&nbsp;2.50%, 12/01/2037 to 12/01/2052<sup>(i)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 4450000 | &nbsp;&nbsp;&nbsp;&nbsp; 3859841 |
| &nbsp;&nbsp;&nbsp;3.00%, 12/01/2037 to 12/01/2052<sup>(i)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;12492000 | &nbsp;&nbsp;&nbsp;&nbsp; 11269851 |
| &nbsp;&nbsp;&nbsp;3.50%, 12/01/2037 to 12/01/2052<sup>(i)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;12375000 | &nbsp;&nbsp;&nbsp;&nbsp; 11353477 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/01/2052<sup>(i)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 4375000 | &nbsp;&nbsp;&nbsp;&nbsp; 4138306 |
| &nbsp;&nbsp;&nbsp;4.50%, 12/01/2052<sup>(i)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 3250000 | &nbsp;&nbsp;&nbsp;&nbsp; 3164180 |
| &nbsp;&nbsp;&nbsp;5.50%, 12/01/2052<sup>(i)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1011665 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46817021 |
| **Government National Mortgage Association (GNMA)–0.01%** | **Government National Mortgage Association (GNMA)–0.01%** | **Government National Mortgage Association (GNMA)–0.01%** | **Government National Mortgage Association (GNMA)–0.01%** |
| &nbsp;&nbsp;&nbsp;IO,<br> 2.31% (6.20% - (1.00 x 1 mo. USD LIBOR)), 10/16/2047<sup>(f)(g)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 288861 | &nbsp;&nbsp;&nbsp;&nbsp; 27017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $55,089,371) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $55,089,371) |  | &nbsp;&nbsp;&nbsp;&nbsp;54506494 |

---

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

Invesco Intermediate Bond Factor Fund

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Principal<br> Amount** | **Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **U.S. Treasury Securities–25.74%** | **U.S. Treasury Securities–25.74%** | **U.S. Treasury Securities–25.74%** | **U.S. Treasury Securities–25.74%** |
| **U.S. Treasury Bills–0.44%** | **U.S. Treasury Bills–0.44%** | **U.S. Treasury Bills–0.44%** | **U.S. Treasury Bills–0.44%** |
| &nbsp;&nbsp;&nbsp;3.78%, 03/09/2023<sup>(k)(l)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $83000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $82043 |
| &nbsp;&nbsp;&nbsp;4.54%, 05/11/2023<sup>(k)(l)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 795000 | &nbsp;&nbsp;&nbsp;&nbsp; 779089 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;861132 |
| **U.S. Treasury Bonds–1.68%** | **U.S. Treasury Bonds–1.68%** | **U.S. Treasury Bonds–1.68%** | **U.S. Treasury Bonds–1.68%** |
| &nbsp;&nbsp;&nbsp;2.00%, 11/15/2041 |  | &nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp;&nbsp; 655981 |
| &nbsp;&nbsp;&nbsp;2.38%, 11/15/2049 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1037600 | &nbsp;&nbsp;&nbsp;&nbsp; 776173 |
| &nbsp;&nbsp;&nbsp;2.00%, 02/15/2050 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2700000 | &nbsp;&nbsp;&nbsp;&nbsp; 1845598 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3277752 |
| **U.S. Treasury Notes–23.62%** | **U.S. Treasury Notes–23.62%** | **U.S. Treasury Notes–23.62%** | **U.S. Treasury Notes–23.62%** |
| &nbsp;&nbsp;&nbsp;0.88%, 01/31/2024 |  | &nbsp;&nbsp;&nbsp;&nbsp; 465000 | &nbsp;&nbsp;&nbsp;&nbsp; 445238 |
| &nbsp;&nbsp;&nbsp;1.50%, 02/29/2024 |  | &nbsp;&nbsp;&nbsp;&nbsp; 7275000 | &nbsp;&nbsp;&nbsp;&nbsp; 7001619 |
| &nbsp;&nbsp;&nbsp;3.25%, 08/31/2024 |  | &nbsp;&nbsp;&nbsp;&nbsp; 8000000 | &nbsp;&nbsp;&nbsp;&nbsp; 7839375 |
| &nbsp;&nbsp;&nbsp;1.38%, 01/31/2025 |  | &nbsp;&nbsp;&nbsp;&nbsp; 8521000 | &nbsp;&nbsp;&nbsp;&nbsp; 8014400 |
| &nbsp;&nbsp;&nbsp;1.13%, 02/28/2025 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3577000 | &nbsp;&nbsp;&nbsp;&nbsp; 3338766 |
| &nbsp;&nbsp;&nbsp;0.75%, 03/31/2026 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2900000 | &nbsp;&nbsp;&nbsp;&nbsp; 2608131 |
| &nbsp;&nbsp;&nbsp;1.50%, 08/15/2026 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5980000 | &nbsp;&nbsp;&nbsp;&nbsp; 5470999 |
| &nbsp;&nbsp;&nbsp;1.50%, 01/31/2027 |  | &nbsp;&nbsp;&nbsp;&nbsp; 8215500 | &nbsp;&nbsp;&nbsp;&nbsp; 7456850 |
| &nbsp;&nbsp;&nbsp;1.38%, 10/31/2028 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3150000 | &nbsp;&nbsp;&nbsp;&nbsp; 2746652 |
| &nbsp;&nbsp;&nbsp;1.38%, 11/15/2031 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1241074 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46163104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Treasury Securities (Cost $54,657,745) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Treasury Securities (Cost $54,657,745) |  | &nbsp;&nbsp;&nbsp;&nbsp;50301988 |
| **Non-U.S. Dollar Denominated Bonds & Notes–17.32%<sup>(m)</sup>** | **Non-U.S. Dollar Denominated Bonds & Notes–17.32%<sup>(m)</sup>** | **Non-U.S. Dollar Denominated Bonds & Notes–17.32%<sup>(m)</sup>** | **Non-U.S. Dollar Denominated Bonds & Notes–17.32%<sup>(m)</sup>** |
| **Sovereign Debt–17.32%** | **Sovereign Debt–17.32%** | **Sovereign Debt–17.32%** | **Sovereign Debt–17.32%** |
| Australia Government Bond (Australia), |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 142, 4.25%, 04/21/2026<sup>(c)</sup> | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 2442000 | &nbsp;&nbsp;&nbsp;&nbsp; 1713588 |
| &nbsp;&nbsp;&nbsp;Series 155, 2.50%, 05/21/2030<sup>(c)</sup> | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 1672000 | &nbsp;&nbsp;&nbsp;&nbsp; 1065690 |
| Bundesobligation (Germany), Series 183, 0.01%, 04/10/2026<sup>(c)</sup> | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 2030000 | &nbsp;&nbsp;&nbsp;&nbsp; 1979822 |
| Bundesrepublik Deutschland Bundesanleihe (Germany), 0.01%, 02/15/2031<sup>(c)</sup> | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 971000 | &nbsp;&nbsp;&nbsp;&nbsp; 865780 |
| Norway Government Bond (Norway), |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 477, 1.75%, 03/13/2025<sup>(c)</sup> | NOK | &nbsp;&nbsp;&nbsp;&nbsp;62016000 | &nbsp;&nbsp;&nbsp;&nbsp; 6069670 |
| &nbsp;&nbsp;&nbsp;Series 482, 1.38%, 08/19/2030<sup>(c)</sup> | NOK | &nbsp;&nbsp;&nbsp;&nbsp;21807000 | &nbsp;&nbsp;&nbsp;&nbsp; 1951844 |
| Sweden Government Bond (Sweden), |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 1058, 2.50%, 05/12/2025 | SEK | &nbsp;&nbsp;&nbsp;&nbsp;24990000 | &nbsp;&nbsp;&nbsp;&nbsp; 2382419 |
| &nbsp;&nbsp;&nbsp;Series 1061, 0.75%, 11/12/2029<sup>(c)</sup> | SEK | &nbsp;&nbsp;&nbsp;&nbsp;10350000 | &nbsp;&nbsp;&nbsp;&nbsp; 907245 |
| Swiss Confederation Government Bond (Switzerland), |  |  |  |
| &nbsp;&nbsp;&nbsp;1.25%, 06/11/2024<sup>(c)</sup> | CHF | &nbsp;&nbsp;&nbsp;&nbsp;11323000 | &nbsp;&nbsp;&nbsp;&nbsp; 12039655 |
| &nbsp;&nbsp;&nbsp;0.50%, 05/27/2030<sup>(c)</sup> | CHF | &nbsp;&nbsp;&nbsp;&nbsp; 2572000 | &nbsp;&nbsp;&nbsp;&nbsp; 2617050 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Principal<br> Amount** | **Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Sovereign Debt–(continued)** | **Sovereign Debt–(continued)** | **Sovereign Debt–(continued)** | **Sovereign Debt–(continued)** |
| United Kingdom Gilt (United Kingdom), |  |  |  |
| &nbsp;&nbsp;&nbsp;1.25%, 07/22/2027<sup>(c)</sup> | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 1282000 | &nbsp;&nbsp;&nbsp;&nbsp; $1412064 |
| &nbsp;&nbsp;&nbsp;4.25%, 06/07/2032<sup>(c)</sup> | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 641000 | &nbsp;&nbsp;&nbsp;&nbsp; 841345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $34,366,680) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $34,366,680) |  | &nbsp;&nbsp;&nbsp;&nbsp;33846172 |
| **Asset-Backed Securities–0.17%** | **Asset-Backed Securities–0.17%** | **Asset-Backed Securities–0.17%** | **Asset-Backed Securities–0.17%** |
| Banc of America Mortgage Trust, Series 2007-1, Class 1A24, 6.00%, 03/25/2037 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $11898 | &nbsp;&nbsp;&nbsp;&nbsp; 9631 |
| Bank, Series 2019-BNK16, Class XA, IO, 1.10%, 02/15/2052<sup>(h)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 2303456 | &nbsp;&nbsp;&nbsp;&nbsp; 99444 |
| Citigroup Commercial Mortgage Trust, Series 2017-C4, Class XA, IO, 1.19%, 10/12/2050<sup>(h)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 5544576 | &nbsp;&nbsp;&nbsp;&nbsp; 196954 |
| WaMu Mortgage Pass-Through Ctfs. Trust, Series 2005-AR14, Class 1A4, 3.88%, 12/25/2035<sup>(j)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 20169 | &nbsp;&nbsp;&nbsp;&nbsp; 18628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Asset-Backed Securities (Cost $387,025) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Asset-Backed Securities (Cost $387,025) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;324657 |
|  | **Shares** | **Shares** |  |
| **Money Market Funds–0.52%** | **Money Market Funds–0.52%** | **Money Market Funds–0.52%** | **Money Market Funds–0.52%** |
| Invesco Government & Agency Portfolio, Institutional Class, 3.73%<sup>(n)(o)</sup> |  | &nbsp;&nbsp; 359488 | &nbsp;&nbsp;&nbsp;&nbsp; 359488 |
| Invesco Liquid Assets Portfolio, Institutional Class, 3.95%<sup>(n)(o)</sup> |  | &nbsp;&nbsp; 256616 | &nbsp;&nbsp;&nbsp;&nbsp; 256693 |
| Invesco Treasury Portfolio, Institutional Class, 3.76%<sup>(n)(o)</sup> |  | &nbsp;&nbsp; 410843 | &nbsp;&nbsp;&nbsp;&nbsp; 410843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Money Market Funds (Cost $1,026,982) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Money Market Funds (Cost $1,026,982) |  | &nbsp;&nbsp;&nbsp;&nbsp;1027024 |
| TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-120.73% (Cost $251,101,584) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;235940964 |
| **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** |
| **Money Market Funds–0.55%** | **Money Market Funds–0.55%** | **Money Market Funds–0.55%** | **Money Market Funds–0.55%** |
| Invesco Private Government Fund, 3.83%<sup>(n)(o)(p)</sup> |  | &nbsp;&nbsp; 302849 | &nbsp;&nbsp;&nbsp;&nbsp; 302849 |
| Invesco Private Prime Fund, 4.15%<sup>(n)(o)(p)</sup> |  | &nbsp;&nbsp; 778477 | &nbsp;&nbsp;&nbsp;&nbsp; 778633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $1,081,410) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $1,081,410) |  | &nbsp;&nbsp;&nbsp;&nbsp;1081482 |
| TOTAL INVESTMENTS IN SECURITIES–121.28% (Cost $252,182,994) | TOTAL INVESTMENTS IN SECURITIES–121.28% (Cost $252,182,994) |  | &nbsp;&nbsp;237022446 |
| OTHER ASSETS LESS LIABILITIES—(21.28)% | OTHER ASSETS LESS LIABILITIES—(21.28)% |  | &nbsp;&nbsp;&nbsp;(41595166) |
| NET ASSETS–100.00% | NET ASSETS–100.00% |  | $195427280 |

---

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

Invesco Intermediate Bond Factor Fund

------

Investment Abbreviations:

---

| | |
|:---|:---|
| AUD | – Australian Dollar |
| Ctfs. | – Certificates |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| IO | – Interest Only |
| LIBOR | – London Interbank Offered Rate |
| NOK | – Norwegian Krone |
| REIT | – Real Estate Investment Trust |
| REMICs | – Real Estate Mortgage Investment Conduits |
| SEK | – Swedish Krona |
| STRIPS | – Separately Traded Registered Interest and Principal Security |
| TBA | – To Be Announced |
| USD | – U.S. Dollar |

---

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> All or a portion of this security was out on loan at November 30, 2022.

<sup>(c)</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 November 30, 2022 was $34,129,930, which represented 17.46% of the Fund's Net Assets.

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

<sup>(e)</sup> Perpetual bond with no specified maturity date.

<sup>(f)</sup> Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security.

<sup>(g)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2022.

<sup>(h)</sup> Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security. Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on November 30, 2022.

<sup>(i)</sup> Security purchased on a forward commitment basis. This security is subject to dollar roll transactions.

<sup>(j)</sup> Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on November 30, 2022.

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

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

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

<sup>(n)</sup> Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the nine months ended November 30, 2022.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value<br> February 28, 2022** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Purchases<br> at Cost** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Proceeds<br> from Sales** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Realized<br> Gain<br> (Loss)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Value<br> November 30, 2022** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Dividend Income** |
| **Investments in Affiliated Money Market Funds:** |  |  |  |  |  |  |  |
| Invesco Government & Agency Portfolio, Institutional Class | &nbsp;&nbsp;$4218297 | &nbsp;&nbsp;&nbsp;&nbsp;$18167280 | &nbsp;&nbsp;&nbsp;&nbsp;$(22026089) | &nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$359488 | &nbsp;&nbsp;&nbsp;&nbsp;$6287 |
| Invesco Liquid Assets Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;3100868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12976629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15820628) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(247) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5583 |
| Invesco Treasury Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;4820910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20762606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(25172673) | &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;410843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8464 |
| **Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1198295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1496270) | &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;302849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,191\* |
| Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;1401923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2969014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3592261) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(315) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;778633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,864\* |
| Total | $14142822 | &nbsp;&nbsp;&nbsp;&nbsp;$56073824 | &nbsp;&nbsp;&nbsp;&nbsp;$(68107921) | &nbsp;&nbsp;&nbsp;&nbsp;$343 | &nbsp;&nbsp;&nbsp;&nbsp;$(562) | &nbsp;&nbsp;&nbsp;&nbsp;$2108506 | &nbsp;&nbsp;&nbsp;&nbsp;$28389 |

---

\* 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.

<sup>(o)</sup> The rate shown is the 7-day SEC standardized yield as of November 30, 2022. <br> <sup>(p)</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.

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

Invesco Intermediate Bond Factor Fund

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts** | **Open Futures Contracts** | **Open Futures Contracts** | **Open Futures Contracts** | **Open Futures Contracts** | **Open Futures Contracts** |
| **Long Futures Contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Number of<br> Contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Expiration<br> Month** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> Value** | &nbsp;&nbsp;&nbsp;&nbsp;**Value** | &nbsp;&nbsp;&nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)** |
| **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** |
| U.S. Treasury Long Bonds | &nbsp;&nbsp;&nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;March-2023 | &nbsp;&nbsp;&nbsp;$3175000 | &nbsp;&nbsp;&nbsp;$20235 | &nbsp;&nbsp;&nbsp;$20235 |
| U.S. Treasury Ultra Bonds | &nbsp;&nbsp;&nbsp;&nbsp;26 | &nbsp;&nbsp;&nbsp;March-2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3543312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44609 |
| &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;&nbsp;&nbsp;&nbsp;64844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64844 |
| **Short Futures Contracts** |  |  |  |  |  |
| **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;107 | &nbsp;&nbsp;&nbsp;March-2023 | &nbsp;&nbsp;&nbsp;&nbsp;(11617023) | &nbsp;&nbsp;&nbsp;&nbsp;(62005) | &nbsp;&nbsp;&nbsp;&nbsp;(62005) |
| U.S. Treasury 10 Year Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;March-2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(794500) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3828) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3828) |
| U.S. Treasury 10 Year Ultra Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;March-2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(478625) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2750) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2750) |
| U.S. Treasury 2 Year Notes | &nbsp;&nbsp;&nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;March-2023 | &nbsp;&nbsp;&nbsp;&nbsp;(10267969) | &nbsp;&nbsp;&nbsp;&nbsp;(25781) | &nbsp;&nbsp;&nbsp;&nbsp;(25781) |
| &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;&nbsp;(94364) | &nbsp;&nbsp;&nbsp;&nbsp;(94364) |
| &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;$(29520) | &nbsp;&nbsp;&nbsp;$(29520) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **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** | &nbsp;&nbsp;&nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp;**Contract to** | &nbsp;&nbsp;&nbsp;&nbsp;**Contract to** | &nbsp;&nbsp;&nbsp;&nbsp;**Contract to** | &nbsp;&nbsp;&nbsp;&nbsp;**Contract to** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| **Settlement<br> Date** | &nbsp;&nbsp;&nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp;**Deliver** | &nbsp;&nbsp;&nbsp;&nbsp;**Deliver** | &nbsp;&nbsp;&nbsp;&nbsp;**Receive** | &nbsp;&nbsp;&nbsp;&nbsp;**Receive** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| **Currency Risk** |  |  |  |  |  |  |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;Bank of America, N.A. | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71910 | &nbsp;&nbsp;&nbsp;AUD | &nbsp;&nbsp;&nbsp;&nbsp;110892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3418 |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;Bank of America, N.A. | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33147 | &nbsp;&nbsp;&nbsp;CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317 |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;Bank of America, N.A. | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;115747 | &nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4114 |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;Bank of America, N.A. | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64394 | &nbsp;&nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3148 |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;BNP Paribas S.A. | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56888 | &nbsp;&nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5829 |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;Citibank, N.A. | &nbsp;&nbsp;&nbsp;CAD | &nbsp;&nbsp;2687000 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;2044384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46209 |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;Deutsche Bank AG | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;2690220 | &nbsp;&nbsp;&nbsp;GBP | &nbsp;&nbsp;2411232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217944 |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;J.P. Morgan Chase Bank, N.A. | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95548 | &nbsp;&nbsp;&nbsp;CHF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;864 |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;J.P. Morgan Chase Bank, N.A. | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77307 | &nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5032 |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;UBS AG | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45204 | &nbsp;&nbsp;&nbsp;CHF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1412 |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;UBS AG | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;2703566 | &nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;2721051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132498 |
| &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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420785 |
| **Currency Risk** |  |  |  |  |  |  |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;Bank of America, N.A. | &nbsp;&nbsp;&nbsp;GBP | &nbsp;&nbsp;1853110 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;2134329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(100689) |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;Bank of America, N.A. | &nbsp;&nbsp;&nbsp;NOK | 13700000 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;1259852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(132277) |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;BNP Paribas S.A. | &nbsp;&nbsp;&nbsp;SEK | 34866086 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;3279531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(45002) |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;Citibank, N.A. | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;2005098 | &nbsp;&nbsp;&nbsp;CAD | &nbsp;&nbsp;2635365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(45321) |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;Deutsche Bank AG | &nbsp;&nbsp;&nbsp;GBP | &nbsp;&nbsp;2519232 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;2905883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(132538) |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;J.P. Morgan Chase Bank, N.A. | &nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;337000 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;331734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19510) |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;J.P. Morgan Chase Bank, N.A. | &nbsp;&nbsp;&nbsp;NOK | 66108653 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;6563030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(154616) |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;Morgan Stanley and Co. International PLC | &nbsp;&nbsp;&nbsp;AUD | &nbsp;&nbsp;4209638 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;2844694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14880) |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;Morgan Stanley and Co. International PLC | &nbsp;&nbsp;&nbsp;CHF | 14045487 | &nbsp;&nbsp;&nbsp;USD | 14589935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(290847) |

---

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

Invesco Intermediate Bond Factor Fund

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Open Forward Foreign Currency Contracts—(continued)** | **Open Forward Foreign Currency Contracts—(continued)** | **Open Forward Foreign Currency Contracts—(continued)** | **Open Forward Foreign Currency Contracts—(continued)** | **Open Forward Foreign Currency Contracts—(continued)** | **Open Forward Foreign Currency Contracts—(continued)** | **Open Forward Foreign Currency Contracts—(continued)** |
| **Settlement<br> Date** | &nbsp;&nbsp;&nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp;**Contract to** | &nbsp;&nbsp;&nbsp;&nbsp;**Contract to** | &nbsp;&nbsp;&nbsp;&nbsp;**Contract to** | &nbsp;&nbsp;&nbsp;&nbsp;**Contract to** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| **Settlement<br> Date** | &nbsp;&nbsp;&nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp;**Deliver** | &nbsp;&nbsp;&nbsp;&nbsp;**Deliver** | &nbsp;&nbsp;&nbsp;&nbsp;**Receive** | &nbsp;&nbsp;&nbsp;&nbsp;**Receive** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| 12/21/2022 | &nbsp;&nbsp;&nbsp;Morgan Stanley and Co. International PLC | &nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;5292888 | &nbsp;&nbsp;&nbsp;USD | &nbsp;&nbsp;5321017 | &nbsp;&nbsp;&nbsp;$(195590) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;(1131270) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;$(710485) |

---

---

| | |
|:---|:---|
| Abbreviations: | Abbreviations: |
| CHF | – Swiss Franc |
| AUD | – Australian Dollar |
| CAD | – Canadian Dollar |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| NOK | – Norwegian Krone |
| SEK | – Swedish Krona |
| 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 Intermediate Bond Factor Fund

------

### Notes to Quarterly Schedule of Portfolio Holdings
*November 30, 2022*

(Unaudited)

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

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

Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.

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

The following is a summary of the tiered valuation input levels, as of November 30, 2022. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Level 1**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Level 2**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Level 3**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total**  |
| U.S. Dollar Denominated Bonds & Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$95934629 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$95934629 |
| U.S. Government Sponsored Agency Mortgage-Backed Securities | &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;54506494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54506494 |
| U.S. Treasury Securities | &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;50301988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50301988 |
| Non-U.S. Dollar Denominated Bonds & Notes | &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;33846172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33846172 |
| Asset-Backed Securities | &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;324657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;324657 |
| Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1027024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1081482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2108506 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1027024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235995422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237022446 |
| **Other Investments - Assets\*** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64844 | &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;64844 |
| Forward Foreign Currency Contracts | &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;420785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420785 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485629 |
| **Other Investments - Liabilities\*** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(94364) | &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;(94364) |
| Forward Foreign Currency Contracts | &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;(1131270) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1131270) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(94364) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1131270) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1225634) |
| **Total Other Investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(29520) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(710485) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(740005) |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp;$997504 | &nbsp;&nbsp;&nbsp;&nbsp;$235284937 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$236282441 |

---

\* Forward foreign currency contracts and futures contracts are valued at unrealized appreciation (depreciation).

Invesco Intermediate Bond Factor 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 Securities Funds (Invesco Investment Securities Funds)

- **b. Investment Company Act file number:** 811-05686

- **c. CIK number of Registrant:** 0000842790

- **d. LEI of Registrant:** G61U5I6LJJEX0O3SU057

- **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 Intermediate Bond Factor Fund

- **b. EDGAR series identifier (if any):** S000064667

- **c. LEI of Series:** 549300VKJFGD8ZYU4704

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

- **a. Date of fiscal year-end:** 2023-02-28

- **b. Date as of which information is reported:** 2022-11-30

**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:** $238946219.40

**Total Liabilities:** $43770493.50

**Net Assets:** $195175725.90

**Delayed Delivery Securities:** $41971871.43

**Cash Not Reported:** $1035673.59

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -197.55520614 | **1-Year:** -8180.66341662 | **5-Year:** -27820.73658959 | **10-Year:** -43853.37198192 | **30-Year:** -24990.70640954

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

- **3-Month:** -0.41137113 | **1-Year:** -15.89020148 | **5-Year:** -38.64977052 | **10-Year:** -71.15466804 | **30-Year:** -23.68390886

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209384 | -4.24%               | -1.28%               | 4.18%                |
| Class ID C000209386 | -4.24%               | -1.28%               | 4.18%                |
| Class ID C000209385 | -4.24%               | -1.28%               | 4.18%                |
| Class ID C000209388 | -4.36%               | -1.30%               | 4.16%                |
| Class ID C000209389 | -4.37%               | -1.32%               | 4.14%                |
| Class ID C000209387 | -4.32%               | -1.48%               | 4.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2789482.71             | $-7607618.23                               |
| Month 2  | $-3969757.40             | $1230480.44                                |
| Month 3  | $-1900846.64             | $11045015.49                               |

**Designated Index Information**

- **Index Name:** Bloomberg Barclays US Aggregate Bond Index

- **Index Identifier:** 100% BB-US Agg

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Deutsche Bank AG                                                                    | Deutsche Bank AG                                                                    | CUSIP: 25160PAJ6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    300000 | PA      | $294826.09    | 0.15%             | 2026-07-14      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| Invesco Treasury Portfolio                                                          | Invesco Treasury Portfolio, Institutional Class                                     | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |    410843 | NS      | $410843.20    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors, Inc.                                                    | Omega Healthcare Investors, Inc.                                                    | CUSIP: 681936BM1<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |    615000 | PA      | $481185.13    | 0.25%             | 2031-02-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                   | CUSIP: 94974BFY1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    450000 | PA      | $437841.15    | 0.22%             | 2026-06-03      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Prudential Financial, Inc.                                                          | Prudential Financial, Inc.                                                          | CUSIP: 744320AN2<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    225000 | PA      | $212034.11    | 0.11%             | 2044-03-15      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                        | Oracle Corp.                                                                        | CUSIP: 68389XBY0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    300000 | PA      | $202785.93    | 0.10%             | 2060-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                                                                  | Toyota Motor Corp.                                                                  | CUSIP: 892331AM1<br>LEI: 5493006W3QUS5LMH6R84 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $360722.12    | 0.18%             | 2026-03-25      | Fixed         | 1.34%                 | 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       |       -11 | NC      | $-7562.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                     | CUSIP: 38145GAH3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    301000 | PA      | $286471.95    | 0.15%             | 2026-11-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association, TBA                                          | CUSIP: 01F0426C2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3250000 | PA      | $3164179.69   | 1.62%             | 2052-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Natwest Group PLC                                                                   | Natwest Group PLC                                                                   | CUSIP: 780097BA8<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $195053.98    | 0.10%             | 2026-04-05      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Hasbro, Inc.                                                                        | Hasbro, Inc.                                                                        | CUSIP: 418056AU1<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |    147000 | PA      | $125539.00    | 0.06%             | 2044-05-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Allstate Corp. (The)                                                                | Allstate Corp. (The)                                                                | CUSIP: 020002BD2<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |    190000 | PA      | $180779.66    | 0.09%             | 2026-12-15      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| FS KKR Capital Corp.                                                                | FS KKR Capital Corp.                                                                | CUSIP: 302635AE7<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    119000 | PA      | $113355.77    | 0.06%             | 2025-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Xilinx, Inc.                                                                        | Xilinx, Inc.                                                                        | CUSIP: 983919AJ0<br>LEI: 6EY4K7ZMF9UX1CU6KC79 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145923.45    | 0.07%             | 2024-06-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| GLP Capital, L.P. / GLP Financing II, Inc.                                          | GLP Capital, L.P. / GLP Financing II, Inc.                                          | CUSIP: 361841AL3<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |    200000 | PA      | $188300.00    | 0.10%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Energy Transfer L.P.                                                                | Energy Transfer L.P.                                                                | CUSIP: 86765BAV1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    167000 | PA      | $144414.63    | 0.07%             | 2047-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                   | CUSIP: 404280BS7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $296516.99    | 0.15%             | 2024-05-18      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| Autodesk, Inc.                                                                      | Autodesk, Inc.                                                                      | CUSIP: 052769AG1<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |    250000 | PA      | $217700.14    | 0.11%             | 2030-01-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Inc.                                                          | Huntington Bancshares Inc.                                                          | CUSIP: 446150AQ7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    230000 | PA      | $220380.13    | 0.11%             | 2024-08-06      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association, IO                                        | CUSIP: 38380HQY1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |    288861 | PA      | $27017.33     | 0.01%             | 2047-10-16      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| Spirit Realty, L.P.                                                                 | Spirit Realty, L.P.                                                                 | CUSIP: 84861TAG3<br>LEI: 549300GTBVIBJRX5BW73 | Long             | DBT              | CORP              | US        |    175000 | PA      | $139099.28    | 0.07%             | 2031-02-15      | Fixed         | 3.20%                 | 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      | $3147.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Suisse Group AG                                                              | Credit Suisse Group AG                                                              | CUSIP: 225433AR2<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |    425000 | PA      | $369512.75    | 0.19%             | 2026-04-17      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                  | Altria Group, Inc.                                                                  | CUSIP: 02209SBJ1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    460000 | PA      | $395860.18    | 0.20%             | 2030-05-06      | Fixed         | 3.40%                 | 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       |        25 | NC      | $20235.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SUZANO AUSTRIA GMBH                                                                 | SUZANO AUSTRIA GMBH                                                                 | CUSIP: 86964WAF9<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |    200000 | PA      | $198721.00    | 0.10%             | 2029-01-15      | Fixed         | 6.00%                 | 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      | $-133988.66   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association, TBA                                          | CUSIP: 01F0224C6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    750000 | PA      | $693160.83    | 0.36%             | 2037-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Enel Generacion Chile S.A.                                                          | Enel Generacion Chile S.A.                                                          | CUSIP: 29246RAA1<br>LEI: 549300PVHXUFEIE6LY50 | Long             | DBT              | CORP              | CL        |    226000 | PA      | $223007.76    | 0.11%             | 2024-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Prudential Financial, Inc.                                                          | Prudential Financial, Inc.                                                          | CUSIP: 744320AV4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    135000 | PA      | $126840.60    | 0.06%             | 2045-05-15      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae ACES                                                                     | Fannie Mae ACES, IO                                                                 | CUSIP: 3136AAR56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |   3099906 | PA      | $121.08       | 0.00%             | 2022-12-25      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Cos., Inc.                                                         | Marsh & McLennan Cos., Inc.                                                         | CUSIP: 571748BF8<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    456000 | PA      | $450015.38    | 0.23%             | 2024-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                                                            | Bristol-Myers Squibb Co.                                                            | CUSIP: 110122CP1<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    250000 | PA      | $234309.41    | 0.12%             | 2029-07-26      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Voya Financial, Inc.                                                                | Voya Financial, Inc.                                                                | CUSIP: 45685EAG1<br>LEI: 549300T065Z4KJ686G75 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19567.50     | 0.01%             | 2053-05-15      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Natwest Group PLC                                                                   | Natwest Group PLC                                                                   | CUSIP: 639057AF5<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    650000 | PA      | $639173.20    | 0.33%             | 2028-09-30      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                               | NextEra Energy Capital Holdings, Inc.                                               | CUSIP: 65339KBK5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    235000 | PA      | $206895.49    | 0.11%             | 2079-05-01      | Variable      | 5.65%                 | 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      | $-206942.91   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| U.S. Treasury Bonds                                                                 | U.S. Treasury Bonds                                                                 | CUSIP: 912810TC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    900000 | PA      | $655980.47    | 0.34%             | 2041-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                  | Altria Group, Inc.                                                                  | CUSIP: 02209SBF9<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     41000 | PA      | $36476.97     | 0.02%             | 2049-02-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Realty Income Corp.                                                                 | Realty Income Corp.                                                                 | CUSIP: 756109BG8<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    250000 | PA      | $240043.28    | 0.12%             | 2027-08-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                                                 | CommonSpirit Health                                                                 | CUSIP: 20268JAE3<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    314000 | PA      | $282433.72    | 0.14%             | 2025-10-01      | Fixed         | 1.55%                 | 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       |       -50 | NC      | $-25781.30    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Bundesrepublik Deutschland Bundesanleihe                                            | Bundesrepublik Deutschland Bundesanleihe                                            | CUSIP: BN2612610<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |    971000 | PA      | $865779.64    | 0.44%             | 2031-02-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Ross Stores, Inc.                                                                   | Ross Stores, Inc.                                                                   | CUSIP: 778296AG8<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | DBT              | CORP              | US        |    250000 | PA      | $197619.91    | 0.10%             | 2031-04-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| RenaissanceRe Finance Inc.                                                          | RenaissanceRe Finance Inc.                                                          | CUSIP: 75972YAA9<br>LEI: 54930048ETFU7B0OJ457 | Long             | DBT              | CORP              | US        |     34000 | PA      | $33026.90     | 0.02%             | 2025-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| British Telecommunications PLC                                                      | British Telecommunications PLC                                                      | CUSIP: 111021AL5<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    225000 | PA      | $221036.30    | 0.11%             | 2028-12-04      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                    | CUSIP: 718172AP4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    418000 | PA      | $347373.71    | 0.18%             | 2042-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp.                                                         | Pinnacle West Capital Corp.                                                         | CUSIP: 723484AH4<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |    200000 | PA      | $180633.69    | 0.09%             | 2025-06-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Healthpeak Properties, Inc.                                                         | Healthpeak Properties, Inc.                                                         | CUSIP: 42250PAD5<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              | CORP              | US        |    300000 | PA      | $253037.48    | 0.13%             | 2028-12-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| McKesson Corp.                                                                      | McKesson Corp.                                                                      | CUSIP: 581557BR5<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |    250000 | PA      | $219971.20    | 0.11%             | 2026-08-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                                                         | Toronto-Dominion Bank (The)                                                         | CUSIP: 89114TZG0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $87942.61     | 0.05%             | 2026-09-10      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Manulife Financial Corp.                                                            | Manulife Financial Corp.                                                            | CUSIP: 56501RAC0<br>LEI: 5493007GBX87QOZACS27 | Long             | DBT              | CORP              | CA        |    135000 | PA      | $132882.91    | 0.07%             | 2026-03-04      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | CUSIP: 161175BR4<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    419000 | PA      | $398920.48    | 0.20%             | 2029-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Grupo Televisa, S.A.B.                                                              | Grupo Televisa, S.A.B.                                                              | CUSIP: 40049JBB2<br>LEI: 549300O4AF0C816ILN62 | Long             | DBT              | CORP              | MX        |    450000 | PA      | $438610.15    | 0.22%             | 2026-01-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences, Inc.                                                               | Gilead Sciences, Inc.                                                               | CUSIP: 375558BX0<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    310000 | PA      | $263895.53    | 0.14%             | 2027-10-01      | Fixed         | 1.20%                 | 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      | $5828.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PacifiCorp                                                                          | PacifiCorp                                                                          | CUSIP: 695114CL0<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    200000 | PA      | $210085.16    | 0.11%             | 2039-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Swiss Confederation Government Bond                                                 | Swiss Confederation Government Bond                                                 | CUSIP: EJ1752710<br>LEI: 5067006OA1BJ88912Q83 | Long             | DBT              | NUSS              | CH        |  11323000 | PA      | $12039654.66  | 6.17%             | 2024-06-11      | Fixed         | 1.25%                 | 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      | $-23789.33    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp.                                                  | Dell International LLC / EMC Corp.                                                  | CUSIP: 24703TAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $41017.81     | 0.02%             | 2046-07-15      | Fixed         | 8.35%                 | No            |                  2 | On Loan: No      |
| Edison International                                                                | Edison International                                                                | CUSIP: 281020AN7<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151742.90    | 0.08%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                  | Altria Group, Inc.                                                                  | CUSIP: 02209SAQ6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    557000 | PA      | $421376.84    | 0.22%             | 2043-05-02      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Brunswick Corp.                                                                     | Brunswick Corp.                                                                     | CUSIP: 117043AV1<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | DBT              | CORP              | US        |    250000 | PA      | $179796.55    | 0.09%             | 2052-04-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Cintas Corp. No. 2                                                                  | Cintas Corp. No. 2                                                                  | CUSIP: 17252MAN0<br>LEI: 549300QVUQTTKMTE0G41 | Long             | DBT              | CORP              | US        |    250000 | PA      | $242304.25    | 0.12%             | 2027-04-01      | Fixed         | 3.70%                 | 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      | $-19510.02    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                                    | Deutsche Bank AG                                                                    | CUSIP: 251526CQ0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    150000 | PA      | $146616.74    | 0.08%             | 2025-05-13      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                          | Amgen Inc.                                                                          | CUSIP: 031162CT5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     17000 | PA      | $15461.41     | 0.01%             | 2027-02-21      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Owens Corning                                                                       | Owens Corning                                                                       | CUSIP: 690742AB7<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |     62000 | PA      | $67342.15     | 0.03%             | 2036-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                    | CUSIP: 718172CP2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    250000 | PA      | $202572.69    | 0.10%             | 2030-05-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| American International Group, Inc.                                                  | American International Group, Inc., Series A-9                                      | CUSIP: 026874DM6<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18830.00     | 0.01%             | 2048-04-01      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Chevron U.S.A. Inc.                                                                 | Chevron U.S.A. Inc.                                                                 | CUSIP: 166756AR7<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |    225000 | PA      | $218860.67    | 0.11%             | 2028-01-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Norway Government Bond                                                              | Norway Government Bond                                                              | CUSIP: EK7957005<br>LEI: 549300L0BT3FJTN9MX24 | Long             | DBT              | NUSS              | NO        |  62016000 | PA      | $6069669.82   | 3.11%             | 2025-03-13      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                               | CUSIP: 3140QMMU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    887479 | PA      | $787366.60    | 0.40%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| B.A.T Capital Corp.                                                                 | B.A.T Capital Corp.                                                                 | CUSIP: 05526DBR5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    350000 | PA      | $293616.37    | 0.15%             | 2028-03-25      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Invesco Government & Agency Portfolio                                               | Invesco Government & Agency Portfolio, Institutional Class                          | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |    359488 | NS      | $359487.85    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                                                                | PPG Industries, Inc.                                                                | CUSIP: 693506BQ9<br>LEI: 549300BKPEP01R3V6C59 | Long             | DBT              | CORP              | US        |    261000 | PA      | $250725.00    | 0.13%             | 2024-08-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                                                     | Air Lease Corp.                                                                     | CUSIP: 00914AAG7<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    560000 | PA      | $469007.69    | 0.24%             | 2030-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Banco Santander S.A.                                                                | Banco Santander S.A.                                                                | CUSIP: 05971KAC3<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $348580.12    | 0.18%             | 2029-06-27      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                                                                | American Tower Corp.                                                                | CUSIP: 03027XAU4<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    240000 | PA      | $222330.04    | 0.11%             | 2029-03-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Progress Energy, Inc.                                                               | Progress Energy, Inc.                                                               | CUSIP: 743263AE5<br>LEI: 549300FBMTW0JYWMNB26 | Long             | DBT              | CORP              | US        |    150000 | PA      | $171531.20    | 0.09%             | 2031-03-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| B.A.T Capital Corp.                                                                 | B.A.T Capital Corp.                                                                 | CUSIP: 05526DBK0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     35000 | PA      | $26017.59     | 0.01%             | 2049-09-06      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                   | CUSIP: 404280BH1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $192061.01    | 0.10%             | 2026-11-23      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Shell International Finance B.V.                                                    | Shell International Finance B.V.                                                    | CUSIP: 822582CD2<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    350000 | PA      | $307295.54    | 0.16%             | 2029-11-07      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                | CUSIP: 46625HJZ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122171.39    | 0.06%             | 2026-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                                                   | Exxon Mobil Corp.                                                                   | CUSIP: 30231GBH4<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    450000 | PA      | $436161.88    | 0.22%             | 2025-03-19      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                                               | Sumitomo Mitsui Financial Group, Inc.                                               | CUSIP: 86562MBV1<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $188939.35    | 0.10%             | 2025-01-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                               | NextEra Energy Capital Holdings, Inc.                                               | CUSIP: 65339KBJ8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    250000 | PA      | $229626.38    | 0.12%             | 2029-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                            | Lloyds Banking Group PLC                                                            | CUSIP: 53944YAL7<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    201000 | PA      | $193577.30    | 0.10%             | 2025-07-09      | Variable      | 3.87%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                  | Altria Group, Inc.                                                                  | CUSIP: 02209SAV5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    225000 | PA      | $153695.48    | 0.08%             | 2046-09-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                          | Amgen Inc.                                                                          | CUSIP: 031162CJ7<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    500000 | PA      | $466848.28    | 0.24%             | 2026-08-19      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                                 | Citigroup Commercial Mortgage Trust, Series 2017-C4, Class XA                       | CUSIP: 17326FAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5544576 | PA      | $196954.42    | 0.10%             | 2050-10-12      | Variable      | 1.19%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association, TBA                                          | CUSIP: 01F0326C3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  11875000 | PA      | $10873046.88  | 5.57%             | 2052-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association, TBA                                          | CUSIP: 01F0526C1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1011664.67   | 0.52%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AXA S.A.                                                                            | AXA S.A.                                                                            | CUSIP: 054536AA5<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | DBT              | CORP              | FR        |    150000 | PA      | $177351.19    | 0.09%             | 2030-12-15      | Fixed         | 8.60%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                | CUSIP: 46625HJY7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    502000 | PA      | $493590.46    | 0.25%             | 2024-09-10      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                               | CUSIP: 59023VAA8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    275000 | PA      | $330619.94    | 0.17%             | 2038-05-14      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| American Water Capital Corp.                                                        | American Water Capital Corp.                                                        | CUSIP: 03040WAK1<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |    174000 | PA      | $171738.52    | 0.09%             | 2024-03-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Juniper Networks, Inc.                                                              | Juniper Networks, Inc.                                                              | CUSIP: 48203RAD6<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | DBT              | CORP              | US        |     14000 | PA      | $12830.09     | 0.01%             | 2041-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Stewart Information Services Corp.                                                  | Stewart Information Services Corp.                                                  | CUSIP: 86038AAA0<br>LEI: 529900TV1XI0PLKENU10 | Long             | DBT              | CORP              | US        |    225000 | PA      | $174593.29    | 0.09%             | 2031-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Aon Corp.                                                                           | Aon Corp.                                                                           | CUSIP: 037389AK9<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104440.50    | 0.05%             | 2027-01-01      | Fixed         | 8.21%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass-Through Ctfs.                               | Freddie Mac Multifamily Structured Pass-Through Ctfs., Series K093, Class X1, IO    | CUSIP: 3137FMCT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |   2540387 | PA      | $123356.13    | 0.06%             | 2029-05-25      | Variable      | 1.09%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                                           | Williams Cos., Inc. (The)                                                           | CUSIP: 96950FAF1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    136000 | PA      | $141318.06    | 0.07%             | 2040-04-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan Energy Partners, L.P.                                                 | Kinder Morgan Energy Partners, L.P.                                                 | CUSIP: 494550AW6<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    131000 | PA      | $139857.70    | 0.07%             | 2038-01-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable, LLC                                                              | Time Warner Cable, LLC                                                              | CUSIP: 88732JAN8<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    106000 | PA      | $108545.76    | 0.06%             | 2038-07-01      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| HP Inc.                                                                             | HP Inc.                                                                             | CUSIP: 428236BR3<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |    245000 | PA      | $239540.32    | 0.12%             | 2041-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                                                 | U.S. Treasury Notes                                                                 | CUSIP: 912828Z78<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8215500 | PA      | $7456849.92   | 3.82%             | 2027-01-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                 | Fifth Third Bancorp                                                                 | CUSIP: 316773CY4<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    235000 | PA      | $222011.22    | 0.11%             | 2025-01-28      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                            | Lloyds Banking Group PLC                                                            | CUSIP: 53944YAF0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    755000 | PA      | $738760.21    | 0.38%             | 2025-05-08      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp.                                                  | Dell International LLC / EMC Corp.                                                  | CUSIP: 24703DBE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $138083.13    | 0.07%             | 2041-12-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Southern California Gas Co.                                                         | Southern California Gas Co.                                                         | CUSIP: 842434CP5<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |    250000 | PA      | $239320.18    | 0.12%             | 2025-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                    | CUSIP: 3132DV3W3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    171317 | PA      | $169290.91    | 0.09%             | 2049-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Conagra Brands, Inc.                                                                | Conagra Brands, Inc.                                                                | CUSIP: 205887AR3<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |    150000 | PA      | $160907.19    | 0.08%             | 2028-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Discovery Communications, LLC                                                       | Discovery Communications, LLC                                                       | CUSIP: 25470DAR0<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $179724.78    | 0.09%             | 2028-03-20      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                                                      | Hewlett Packard Enterprise Co.                                                      | CUSIP: 42824CAY5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    220000 | PA      | $226713.48    | 0.12%             | 2045-10-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                                                | American Express Co.                                                                | CUSIP: 025816CC1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    350000 | PA      | $344461.29    | 0.18%             | 2024-02-22      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| ORIX Corp.                                                                          | ORIX Corp.                                                                          | CUSIP: 686330AJ0<br>LEI: 35380016EMHNBOVYE123 | Long             | DBT              | CORP              | JP        |     72000 | PA      | $67975.43     | 0.03%             | 2027-07-18      | Fixed         | 3.70%                 | 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      | $-14218.75    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Baidu, Inc.                                                                         | Baidu, Inc.                                                                         | CUSIP: 056752AM0<br>LEI: 254900AL64IANZYI1E02 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $392854.00    | 0.20%             | 2024-05-14      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| American International Group, Inc.                                                  | American International Group, Inc.                                                  | CUSIP: 026874DH7<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72904.14     | 0.04%             | 2026-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| MetLife, Inc.                                                                       | MetLife, Inc.                                                                       | CUSIP: 59156RBH0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    692000 | PA      | $681137.03    | 0.35%             | 2024-04-10      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                                                        | National Australia Bank Ltd.                                                        | CUSIP: 63254AAP3<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |    300000 | PA      | $288050.67    | 0.15%             | 2026-01-14      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Office Properties Income Trust                                                      | Office Properties Income Trust                                                      | CUSIP: 67623CAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $108464.01    | 0.06%             | 2027-02-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| British Telecommunications PLC                                                      | British Telecommunications PLC                                                      | CUSIP: 111021AE1<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $301523.88    | 0.15%             | 2030-12-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                                                   | Johnson & Johnson                                                                   | CUSIP: 478160CQ5<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    125000 | PA      | $102558.21    | 0.05%             | 2030-09-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Viatris Inc.                                                                        | Viatris Inc.                                                                        | CUSIP: 92556VAD8<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |    400000 | PA      | $319367.25    | 0.16%             | 2030-06-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Australia Government Bond                                                           | Australia Government Bond                                                           | CUSIP: AS9049857<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |   1672000 | PA      | $1065689.84   | 0.55%             | 2030-05-21      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Halliburton Co.                                                                     | Halliburton Co.                                                                     | CUSIP: 406216AY7<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |    113000 | PA      | $129059.27    | 0.07%             | 2039-09-15      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| Toledo Hospital (The)                                                               | Toledo Hospital (The)                                                               | CUSIP: 889184AE7<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |    154000 | PA      | $112035.00    | 0.06%             | 2048-11-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| Boston Properties L.P.                                                              | Boston Properties L.P.                                                              | CUSIP: 10112RBB9<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    400000 | PA      | $346115.61    | 0.18%             | 2029-06-21      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                                                 | U.S. Treasury Notes                                                                 | CUSIP: 9128282A7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1480000 | PA      | $1354026.56   | 0.69%             | 2026-08-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass-Through Ctfs.                               | Freddie Mac Multifamily Structured Pass-Through Ctfs., Series KC03, Class X1, IO    | CUSIP: 3137FKWE2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |   3961685 | PA      | $39864.85     | 0.02%             | 2024-11-25      | Variable      | 0.63%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline L.P./ PAA Finance Corp.                                | Plains All American Pipeline L.P./ PAA Finance Corp.                                | CUSIP: 72650RAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $100303.42    | 0.05%             | 2037-01-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STRIPS                                                                  | Freddie Mac STRIPS, IO                                                              | CUSIP: 31325UP26<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     53111 | PA      | $2541.54      | 0.00%             | 2027-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                  | Altria Group, Inc.                                                                  | CUSIP: 02209SBL6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    800000 | PA      | $607595.46    | 0.31%             | 2032-02-04      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                                   | Barclays Bank PLC                                                                   | CUSIP: 06739FHV6<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | DBT              | CORP              | GB        |    240000 | PA      | $235747.80    | 0.12%             | 2024-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Enstar Group Ltd.                                                                   | Enstar Group Ltd.                                                                   | CUSIP: 29359UAC3<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |    110000 | PA      | $80719.27     | 0.04%             | 2031-09-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Brookfield Finance Inc.                                                             | Brookfield Finance Inc.                                                             | CUSIP: 11271RAA7<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $235867.29    | 0.12%             | 2024-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                                                 | U.S. Treasury Notes                                                                 | CUSIP: 91282CFG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8000000 | PA      | $7839375.04   | 4.02%             | 2024-08-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                      | CUSIP: 172967LP4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    100000 | PA      | $92656.75     | 0.05%             | 2028-07-24      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                   | CUSIP: 404280AP4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    454000 | PA      | $446669.38    | 0.23%             | 2024-03-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                                    | Boeing Co. (The)                                                                    | CUSIP: 097023CX1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    480000 | PA      | $446507.34    | 0.23%             | 2060-05-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                                                            | Svenska Handelsbanken AB                                                            | CUSIP: 86960BAX0<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |    474000 | PA      | $468659.64    | 0.24%             | 2023-11-20      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                               | CUSIP: 3140QLQZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    900931 | PA      | $774990.24    | 0.40%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Spectra Energy Partners, L.P.                                                       | Spectra Energy Partners, L.P.                                                       | CUSIP: 84756NAF6<br>LEI: 2HKVXE7U4NF5B6UGSU72 | Long             | DBT              | CORP              | US        |    175000 | PA      | $168920.86    | 0.09%             | 2025-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ORIX Corp.                                                                          | ORIX Corp.                                                                          | CUSIP: 686330AL5<br>LEI: 35380016EMHNBOVYE123 | Long             | DBT              | CORP              | JP        |    150000 | PA      | $148079.59    | 0.08%             | 2024-01-16      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Credit Suisse AG                                                                    | Credit Suisse AG                                                                    | CUSIP: 22550L2G5<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |    350000 | PA      | $277593.21    | 0.14%             | 2026-08-07      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                               | CUSIP: 3136ASXP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     65787 | PA      | $9565.74      | 0.00%             | 2046-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Nomura Holdings, Inc.                                                               | Nomura Holdings, Inc.                                                               | CUSIP: 65535HAP4<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $189217.32    | 0.10%             | 2025-01-16      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                                                         | ONEOK, Inc.                                                                         | CUSIP: 682680AV5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    150000 | PA      | $127721.39    | 0.07%             | 2048-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MidAmerican Energy Co.                                                              | MidAmerican Energy Co.                                                              | CUSIP: 595620AT2<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    180000 | PA      | $169927.38    | 0.09%             | 2029-04-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                         | Capital One Financial Corp.                                                         | CUSIP: 14040HBN4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    400000 | PA      | $377478.11    | 0.19%             | 2027-03-09      | 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      | $-58621.61    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CHRISTUS Health                                                                     | CHRISTUS Health, Series C                                                           | CUSIP: 17108JAA1<br>LEI: OQUVMAC1TV7BMO6XVW61 | Long             | DBT              | CORP              | US        |    430000 | PA      | $407769.23    | 0.21%             | 2028-07-01      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Novartis Capital Corp.                                                              | Novartis Capital Corp.                                                              | CUSIP: 66989HAN8<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    450000 | PA      | $431224.33    | 0.22%             | 2027-05-17      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| General Motors Co.                                                                  | General Motors Co.                                                                  | CUSIP: 37045VAP5<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |     49000 | PA      | $43297.73     | 0.02%             | 2038-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                                               | Westpac Banking Corp.                                                               | CUSIP: 961214DC4<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    400000 | PA      | $373679.63    | 0.19%             | 2026-08-19      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Baidu, Inc.                                                                         | Baidu, Inc.                                                                         | CUSIP: 056752AU2<br>LEI: 254900AL64IANZYI1E02 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $157077.94    | 0.08%             | 2031-08-23      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                                                        | United States Treasury Bills                                                        | CUSIP: 912796ZE2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    795000 | PA      | $779088.62    | 0.40%             | 2023-05-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc.                                                              | Reynolds American Inc.                                                              | CUSIP: 761713BA3<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    256000 | PA      | $236779.12    | 0.12%             | 2035-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                 | Synchrony Financial                                                                 | CUSIP: 87165BAM5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    100000 | PA      | $89463.09     | 0.05%             | 2027-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                     | CUSIP: 38141GGM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    275000 | PA      | $292171.37    | 0.15%             | 2041-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| B.A.T Capital Corp.                                                                 | B.A.T Capital Corp.                                                                 | CUSIP: 05526DBF1<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    172000 | PA      | $125005.28    | 0.06%             | 2047-08-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                               | CUSIP: 01F0324C5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | CORP              | US        |    500000 | PA      | $480429.69    | 0.25%             | 2037-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                                        | Pacific Gas and Electric Co.                                                        | CUSIP: 694308JU2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    400000 | PA      | $304236.47    | 0.16%             | 2041-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| AvalonBay Communities, Inc.                                                         | AvalonBay Communities, Inc.                                                         | CUSIP: 05348EAT6<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              | CORP              | US        |    325000 | PA      | $321398.28    | 0.16%             | 2023-12-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Shell International Finance B.V.                                                    | Shell International Finance B.V.                                                    | CUSIP: 822582AD4<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    450000 | PA      | $506118.83    | 0.26%             | 2038-12-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                  | Altria Group, Inc.                                                                  | CUSIP: 02209SBD4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    353000 | PA      | $339294.65    | 0.17%             | 2029-02-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                                                                          | Apple Inc.                                                                          | CUSIP: 037833EC0<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    150000 | PA      | $128895.04    | 0.07%             | 2028-02-08      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp.                                                                 | Union Pacific Corp.                                                                 | CUSIP: 907818GA0<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    250000 | PA      | $190077.13    | 0.10%             | 2072-02-14      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| INVESCO PRIVATE GOVERNMENT FUND                                                     | INVESCO PRIVATE GOVERNMENT FUND                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |    302849 | NS      | $302849.31    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Brighthouse Financial, Inc.                                                         | Brighthouse Financial, Inc.                                                         | CUSIP: 10922NAF0<br>LEI: 5493003T8SZSHOGGAW52 | Long             | DBT              | CORP              | US        |    236000 | PA      | $175783.04    | 0.09%             | 2047-06-22      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| 3M Co.                                                                              | 3M Co.                                                                              | CUSIP: 88579EAC9<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    500000 | PA      | $530060.29    | 0.27%             | 2037-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| United Kingdom Gilt                                                                 | United Kingdom Gilt                                                                 | CUSIP: AM7816755<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |   1282000 | PA      | $1412064.51   | 0.72%             | 2027-07-22      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                  | Altria Group, Inc.                                                                  | CUSIP: 02209SAU7<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    225000 | PA      | $206808.41    | 0.11%             | 2026-09-16      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                                               | Westpac Banking Corp.                                                               | CUSIP: 961214DK6<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    150000 | PA      | $142585.34    | 0.07%             | 2027-03-08      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                                    | Boeing Co. (The)                                                                    | CUSIP: 097023CK9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    470000 | PA      | $334056.82    | 0.17%             | 2049-05-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc.                                                              | Reynolds American Inc.                                                              | CUSIP: 761713BB1<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    545000 | PA      | $477201.42    | 0.24%             | 2045-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BPCE S.A.                                                                           | BPCE S.A.                                                                           | CUSIP: 05578QAD5<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    195000 | PA      | $186938.90    | 0.10%             | 2025-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass-Through Ctfs.                               | Freddie Mac Multifamily Structured Pass-Through Ctfs., Series K735, Class X1, IO    | CUSIP: 3137FMU83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |   3030705 | PA      | $80763.12     | 0.04%             | 2026-05-25      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| Western Digital Corp.                                                               | Western Digital Corp.                                                               | CUSIP: 958102AQ8<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |    275000 | PA      | $218950.88    | 0.11%             | 2029-02-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                                                 | U.S. Treasury Notes                                                                 | CUSIP: 91282CEA5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7275000 | PA      | $7001619.18   | 3.59%             | 2024-02-29      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| General Motors Co.                                                                  | General Motors Co.                                                                  | CUSIP: 37045VAL4<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    259000 | PA      | $259779.74    | 0.13%             | 2046-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                                                         | Truist Bank                                                                         | CUSIP: 86787GAJ1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    115000 | PA      | $107886.17    | 0.06%             | 2026-05-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts, L.P.                                                         | Host Hotels & Resorts, L.P., Series H                                               | CUSIP: 44107TAY2<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |    125000 | PA      | $105841.68    | 0.05%             | 2029-12-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                                                         | ONEOK, Inc.                                                                         | CUSIP: 682680AY9<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    480000 | PA      | $418559.69    | 0.21%             | 2029-09-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                                                | Mitsubishi UFJ Financial Group, Inc.                                                | CUSIP: 606822AV6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    225000 | PA      | $212346.09    | 0.11%             | 2028-03-02      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| Marathon Oil Corp.                                                                  | Marathon Oil Corp.                                                                  | CUSIP: 565849AE6<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257521.49    | 0.13%             | 2037-10-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Kyndryl Holdings, Inc.                                                              | Kyndryl Holdings, Inc.                                                              | CUSIP: 50155QAK6<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    250000 | PA      | $187462.56    | 0.10%             | 2028-10-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Visa Inc.                                                                           | Visa Inc.                                                                           | CUSIP: 92826CAE2<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    275000 | PA      | $264949.34    | 0.14%             | 2035-12-14      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Southwest Airlines Co.                                                              | Southwest Airlines Co.                                                              | CUSIP: 844741BC1<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    500000 | PA      | $461153.99    | 0.24%             | 2026-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Keybank N.A.                                                                        | Keybank N.A.                                                                        | CUSIP: 49327V2A1<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    230000 | PA      | $215759.60    | 0.11%             | 2026-05-20      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| B.A.T Capital Corp.                                                                 | B.A.T Capital Corp.                                                                 | CUSIP: 05526DBW4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    415000 | PA      | $376490.64    | 0.19%             | 2032-03-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Energy Transfer L.P.                                                                | Energy Transfer L.P.                                                                | CUSIP: 292480AL4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     51000 | PA      | $49179.65     | 0.03%             | 2028-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Oglethorpe Power Corp. (An Electric Membership Corp.)                               | Oglethorpe Power Corp. (An Electric Membership Corp.)                               | CUSIP: 677050AG1<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | DBT              | CORP              | US        |    374000 | PA      | $366646.97    | 0.19%             | 2039-11-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Diageo Capital PLC                                                                  | Diageo Capital PLC                                                                  | CUSIP: 25243YBA6<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    574000 | PA      | $546578.60    | 0.28%             | 2024-10-24      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Banco Santander S.A.                                                                | Banco Santander S.A.                                                                | CUSIP: 05964HAM7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    600000 | PA      | $473464.76    | 0.24%             | 2031-03-25      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                                        | Pacific Gas and Electric Co.                                                        | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    450000 | PA      | $411013.62    | 0.21%             | 2030-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                               | CUSIP: 3140JWQJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    353148 | PA      | $316362.53    | 0.16%             | 2049-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                               | CUSIP: 3136AXQT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     42224 | PA      | $7531.29      | 0.00%             | 2047-08-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association, TBA                                          | CUSIP: 01F0406C6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4375000 | PA      | $4138305.63   | 2.12%             | 2052-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                    | Amazon.com, Inc.                                                                    | CUSIP: 023135BM7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1718310.42   | 0.88%             | 2057-08-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                        | Barclays PLC                                                                        | CUSIP: 06738EBU8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    525000 | PA      | $451814.74    | 0.23%             | 2027-11-24      | Variable      | 2.28%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                               | CUSIP: 59022CAJ2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    325000 | PA      | $337717.88    | 0.17%             | 2037-01-29      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                  | Altria Group, Inc.                                                                  | CUSIP: 02209SBE2<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185668.52    | 0.10%             | 2039-02-14      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Banco Santander S.A.                                                                | Banco Santander S.A.                                                                | CUSIP: 05964HAJ4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $185876.35    | 0.10%             | 2028-04-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                                                        | American Honda Finance Corp.                                                        | CUSIP: 02665WCE9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    848000 | PA      | $796637.25    | 0.41%             | 2028-02-15      | Fixed         | 3.50%                 | 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      | $-45320.84    | -0.02%            |  |  |  | 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      | $-22764.53    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                          | Amgen Inc.                                                                          | CUSIP: 031162BV1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    425000 | PA      | $418405.49    | 0.21%             | 2024-05-22      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Southwestern Electric Power Co.                                                     | Southwestern Electric Power Co., Series N                                           | CUSIP: 845437BS0<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |    250000 | PA      | $224544.77    | 0.12%             | 2026-03-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                   | Enterprise Products Operating LLC                                                   | CUSIP: 29379VBE2<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    165000 | PA      | $161378.33    | 0.08%             | 2025-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Pharmacia LLC                                                                       | Pharmacia LLC                                                                       | CUSIP: 71713UAW2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $193489.88    | 0.10%             | 2028-12-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                                                          | Alibaba Group Holding Ltd.                                                          | CUSIP: 01609WAU6<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $320791.38    | 0.16%             | 2037-12-06      | Fixed         | 4.00%                 | 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      | $1417.17      | 0.00%             |  |  |  | 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      | $-100689.36   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                               | CUSIP: 3140XCLQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1812038 | PA      | $1499696.63   | 0.77%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| General Motors Co.                                                                  | General Motors Co.                                                                  | CUSIP: 37045VAF7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    403000 | PA      | $389304.69    | 0.20%             | 2043-10-02      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance Inc.                          | JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance Inc.                          | CUSIP: 46590XAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    225000 | PA      | $189823.27    | 0.10%             | 2029-02-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Service Properties Trust                                                            | Service Properties Trust                                                            | CUSIP: 44106MBB7<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     50000 | PA      | $36435.40     | 0.02%             | 2029-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| America Movil, S.A.B. de C.V.                                                       | America Movil, S.A.B. de C.V.                                                       | CUSIP: 02364WAJ4<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $433298.34    | 0.22%             | 2035-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                                                 | U.S. Treasury Notes                                                                 | CUSIP: 91282CBT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2900000 | PA      | $2608130.86   | 1.34%             | 2026-03-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Reliance Standard Life Global Funding II                                            | Reliance Standard Life Global Funding II                                            | CUSIP: 75951AAN8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    441000 | PA      | $397544.57    | 0.20%             | 2027-01-21      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp.                                                  | Dell International LLC / EMC Corp.                                                  | CUSIP: 24703TAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     29000 | PA      | $33458.73     | 0.02%             | 2036-07-15      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                                                   | Johnson & Johnson                                                                   | CUSIP: 478160CT9<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    350000 | PA      | $226467.97    | 0.12%             | 2060-09-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                                                                          | Apple Inc.                                                                          | CUSIP: 037833BY5<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    355000 | PA      | $343713.95    | 0.18%             | 2026-02-23      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Bonds                                                                 | U.S. Treasury Bonds                                                                 | CUSIP: 912810SL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2700000 | PA      | $1845597.66   | 0.95%             | 2050-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable Enterprises LLC                                                   | Time Warner Cable Enterprises LLC                                                   | CUSIP: 88731EAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $39316.45     | 0.02%             | 2033-07-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                        | Barclays PLC                                                                        | CUSIP: 06738EBP9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $608273.37    | 0.31%             | 2035-09-23      | Variable      | 3.56%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                                                   | Eversource Energy, Series M                                                         | CUSIP: 30040WAE8<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    200000 | PA      | $184233.82    | 0.09%             | 2028-01-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Hasbro, Inc.                                                                        | Hasbro, Inc.                                                                        | CUSIP: 418056AS6<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |    300000 | PA      | $293972.99    | 0.15%             | 2040-03-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Dow Chemical Co. (The)                                                              | Dow Chemical Co. (The)                                                              | CUSIP: 260543BY8<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |     32000 | PA      | $42297.38     | 0.02%             | 2039-05-15      | Fixed         | 9.40%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                    | Paramount Global                                                                    | CUSIP: 92556HAD9<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    250000 | PA      | $207675.03    | 0.11%             | 2032-05-19      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Co.                                                      | Southern California Edison Co.                                                      | CUSIP: 842400EB5<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    500000 | PA      | $519099.80    | 0.27%             | 2029-04-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Co.                                                     | Virginia Electric and Power Co.                                                     | CUSIP: 927804FG4<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    316000 | PA      | $416332.18    | 0.21%             | 2038-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Baidu, Inc.                                                                         | Baidu, Inc.                                                                         | CUSIP: 056752AN8<br>LEI: 254900AL64IANZYI1E02 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $191720.78    | 0.10%             | 2028-11-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                                               | Sumitomo Mitsui Financial Group, Inc.                                               | CUSIP: 86562MBZ2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    450000 | PA      | $347792.94    | 0.18%             | 2030-09-23      | Fixed         | 2.14%                 | No            |                  2 | On Loan: No      |
| Mid-America Apartments, L.P.                                                        | Mid-America Apartments, L.P.                                                        | CUSIP: 59523UAN7<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95136.69     | 0.05%             | 2027-06-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Black Hills Corp.                                                                   | Black Hills Corp.                                                                   | CUSIP: 092113AL3<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    277000 | PA      | $268042.81    | 0.14%             | 2026-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.                                                | Caterpillar Financial Services Corp.                                                | CUSIP: 14912L6G1<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    437000 | PA      | $425059.46    | 0.22%             | 2024-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Columbia Pipeline Group, Inc.                                                       | Columbia Pipeline Group, Inc.                                                       | CUSIP: 198280AH2<br>LEI: 549300SRP1TQM9JJBG80 | Long             | DBT              | CORP              | US        |    143000 | PA      | $141927.84    | 0.07%             | 2045-06-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                                                                  | Vodafone Group PLC                                                                  | CUSIP: 92857WBS8<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    960000 | PA      | $820539.98    | 0.42%             | 2049-06-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                   | CUSIP: 404280BT5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    165000 | PA      | $152055.58    | 0.08%             | 2029-06-19      | Variable      | 4.58%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                                                        | United States Treasury Bills                                                        | CUSIP: 912796YK9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     83000 | PA      | $82042.94     | 0.04%             | 2023-03-09      | None          | 0.00%                 | 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      | $5031.67      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA, N.A.                                                                 | HSBC Bank USA, N.A.                                                                 | CUSIP: 4042Q1AA5<br>LEI: 1IE8VN30JCEQV1H4R804 | Long             | DBT              | CORP              | US        |    700000 | PA      | $678311.17    | 0.35%             | 2034-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings LLC                                                            | Celanese US Holdings LLC                                                            | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95377.35     | 0.05%             | 2032-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                        | Oracle Corp.                                                                        | CUSIP: 68389XBE4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    400000 | PA      | $334787.89    | 0.17%             | 2035-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                                                          | Alibaba Group Holding Ltd.                                                          | CUSIP: 01609WAR3<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    570000 | PA      | $506418.87    | 0.26%             | 2034-11-28      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                    | CUSIP: 3132DVLC7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1287529 | PA      | $1120093.72   | 0.57%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United Kingdom Gilt                                                                 | United Kingdom Gilt                                                                 | CUSIP: EC2565959<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    641000 | PA      | $841345.58    | 0.43%             | 2032-06-07      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley, Series F                                                            | CUSIP: 61746BDQ6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    538000 | PA      | $529527.38    | 0.27%             | 2024-04-29      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                    | Amazon.com, Inc.                                                                    | CUSIP: 023135CC8<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    475000 | PA      | $342207.00    | 0.18%             | 2061-05-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                                                          | Alibaba Group Holding Ltd.                                                          | CUSIP: 01609WAV4<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    250000 | PA      | $191975.40    | 0.10%             | 2047-12-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Weibo Corp.                                                                         | Weibo Corp.                                                                         | CUSIP: 948596AD3<br>LEI: 549300Q9ID4640FE0422 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $191347.84    | 0.10%             | 2024-07-05      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                      | CUSIP: 172967EW7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    200000 | PA      | $251707.72    | 0.13%             | 2039-07-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Koninklijke KPN N.V.                                                                | Koninklijke KPN N.V.                                                                | CUSIP: 780641AH9<br>LEI: 549300YO0JZHAL7FVP81 | Long             | DBT              | CORP              | NL        |    175000 | PA      | $197307.37    | 0.10%             | 2030-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                                    | Deutsche Bank AG                                                                    | CUSIP: 251526CK3<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    450000 | PA      | $339281.00    | 0.17%             | 2032-05-28      | Variable      | 3.04%                 | No            |                  2 | On Loan: No      |
| Walmart Inc.                                                                        | Walmart Inc.                                                                        | CUSIP: 931142EB5<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    450000 | PA      | $419818.59    | 0.22%             | 2038-06-28      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| INVESCO PRIVATE PRIME FUND                                                          | INVESCO PRIVATE PRIME FUND                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |    778477 | NS      | $778633.04    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Apple Inc.                                                                          | Apple Inc.                                                                          | CUSIP: 037833EL0<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    225000 | PA      | $153516.85    | 0.08%             | 2061-08-05      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance Inc.                          | JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance Inc.                          | CUSIP: 46590XAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    200000 | PA      | $191091.56    | 0.10%             | 2028-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                | CUSIP: 46647PBK1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    325000 | PA      | $302079.98    | 0.15%             | 2026-04-22      | Variable      | 2.08%                 | No            |                  2 | On Loan: No      |
| Prudential Financial, Inc.                                                          | Prudential Financial, Inc.                                                          | CUSIP: 744320AM4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    342000 | PA      | $339717.15    | 0.17%             | 2043-06-15      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                                                 | U.S. Treasury Notes                                                                 | CUSIP: 912828ZC7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3577000 | PA      | $3338766.22   | 1.71%             | 2025-02-28      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Diageo Capital PLC                                                                  | Diageo Capital PLC                                                                  | CUSIP: 25243YAZ2<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    330000 | PA      | $317119.37    | 0.16%             | 2028-05-18      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                                    | Boeing Co. (The)                                                                    | CUSIP: 097023CD5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    400000 | PA      | $352062.23    | 0.18%             | 2029-03-01      | Fixed         | 3.20%                 | 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      | $-3310.84     | -0.00%            |  |  |  | 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      | $2000.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                               | CUSIP: 3140K9ND7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    219523 | PA      | $196874.50    | 0.10%             | 2050-03-01      | Fixed         | 3.00%                 | 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      | $-11569.44    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                   | CUSIP: 404280DN6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    325000 | PA      | $322181.01    | 0.17%             | 2038-06-01      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| American Airlines Pass-Through Trust                                                | American Airlines Pass-Through Trust, Series A                                      | CUSIP: 02379KAA2<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    475000 | PA      | $383472.44    | 0.20%             | 2034-07-11      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                               | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    489000 | PA      | $370635.77    | 0.19%             | 2036-09-21      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                      | CUSIP: 61744YAQ1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    726000 | PA      | $721059.25    | 0.37%             | 2024-04-24      | Variable      | 3.74%                 | 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      | $317.29       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tsmc Arizona Corp.                                                                  | Tsmc Arizona Corp.                                                                  | CUSIP: 872898AC5<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |    250000 | PA      | $207570.60    | 0.11%             | 2031-10-25      | Fixed         | 2.50%                 | 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      | $132498.42    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| U.S. Treasury Bonds                                                                 | U.S. Treasury Bonds                                                                 | CUSIP: 912810SK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1037600 | PA      | $776173.44    | 0.40%             | 2049-11-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Banc of America Mortgage Trust                                                      | Banc of America Mortgage Trust, Series 2007-1, Class 1A24                           | CUSIP: 05952HAZ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11898 | PA      | $9630.93      | 0.00%             | 2037-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                                                                          | Apple Inc.                                                                          | CUSIP: 037833DT4<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    500000 | PA      | $462352.13    | 0.24%             | 2025-05-11      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings LLC                                                            | Celanese US Holdings LLC                                                            | CUSIP: 15089QAL8<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248880.29    | 0.13%             | 2025-03-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                 | Ally Financial Inc.                                                                 | CUSIP: 36186CBY8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    218000 | PA      | $234228.17    | 0.12%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                                               | Sumitomo Mitsui Financial Group, Inc.                                               | CUSIP: 86562MAN0<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    475000 | PA      | $444791.14    | 0.23%             | 2027-01-11      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                                                          | Alibaba Group Holding Ltd.                                                          | CUSIP: 01609WAX0<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    525000 | PA      | $425184.08    | 0.22%             | 2031-02-09      | Fixed         | 2.12%                 | No            |                  2 | On Loan: —       |
| B.A.T. International Finance PLC                                                    | B.A.T. International Finance PLC                                                    | CUSIP: 05530QAP5<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |    525000 | PA      | $489483.37    | 0.25%             | 2028-03-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| TWDC Enterprises 18 Corp.                                                           | TWDC Enterprises 18 Corp.                                                           | CUSIP: 25468PDF0<br>LEI: 7260JQNI6SCF9FIV2392 | Long             | DBT              | CORP              | US        |    450000 | PA      | $433704.38    | 0.22%             | 2025-09-17      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Baidu, Inc.                                                                         | Baidu, Inc.                                                                         | CUSIP: 056752AL2<br>LEI: 254900AL64IANZYI1E02 | Long             | DBT              | CORP              | KY        |    300000 | PA      | $281796.53    | 0.14%             | 2028-03-29      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Shell International Finance B.V.                                                    | Shell International Finance B.V.                                                    | CUSIP: 822582BD3<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |     90000 | PA      | $87516.17     | 0.04%             | 2025-05-11      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Booking Holdings Inc.                                                               | Booking Holdings Inc.                                                               | CUSIP: 741503BC9<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |    399000 | PA      | $374758.16    | 0.19%             | 2028-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Norfolk Southern Corp.                                                              | Norfolk Southern Corp.                                                              | CUSIP: 655844CJ5<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    450000 | PA      | $320997.03    | 0.16%             | 2121-05-15      | Fixed         | 4.10%                 | 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      | $-61139.02    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Simon Property Group, L.P.                                                          | Simon Property Group, L.P.                                                          | CUSIP: 828807CT2<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    200000 | PA      | $159327.41    | 0.08%             | 2044-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                    | CUSIP: 3132DVK61<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1137434 | PA      | $1028857.24   | 0.53%             | 2050-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sweden Government Bond                                                              | Sweden Government Bond                                                              | CUSIP: AS7837154<br>LEI: ERE94C0BSULG2RM19605 | Long             | DBT              | NUSS              | SE        |  10350000 | PA      | $907245.15    | 0.46%             | 2029-11-12      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Edison International                                                                | Edison International                                                                | CUSIP: 281020AM9<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    228000 | PA      | $210843.88    | 0.11%             | 2028-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                                                 | U.S. Treasury Notes                                                                 | CUSIP: 91282CDF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3150000 | PA      | $2746652.33   | 1.41%             | 2028-10-31      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Realty Income Corp.                                                                 | Realty Income Corp.                                                                 | CUSIP: 756109BJ2<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    200000 | PA      | $171763.95    | 0.09%             | 2028-06-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Australia Government Bond                                                           | Australia Government Bond                                                           | CUSIP: EK1150607<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |   2442000 | PA      | $1713588.57   | 0.88%             | 2026-04-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc.                                                                       | Broadcom Inc.                                                                       | CUSIP: 11135FBV2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    265000 | PA      | $232835.97    | 0.12%             | 2037-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Boston Properties L.P.                                                              | Boston Properties L.P.                                                              | CUSIP: 10112RAY0<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    190000 | PA      | $172464.01    | 0.09%             | 2026-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                               | CUSIP: 06051GJD2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    405000 | PA      | $365580.05    | 0.19%             | 2026-06-19      | Variable      | 1.32%                 | No            |                  2 | On Loan: No      |
| United Airlines Pass-Through Trust                                                  | United Airlines Pass-Through Trust, Series 20-1                                     | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    197596 | PA      | $195565.39    | 0.10%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                  | National Rural Utilities Cooperative Finance Corp.                                  | CUSIP: 637432NK7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |     12000 | PA      | $10782.93     | 0.01%             | 2046-04-20      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                            | Lloyds Banking Group PLC                                                            | CUSIP: 53944YAD5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    375000 | PA      | $348926.10    | 0.18%             | 2027-01-11      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Nomura Holdings, Inc.                                                               | Nomura Holdings, Inc.                                                               | CUSIP: 65535HBB4<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    260000 | PA      | $218066.67    | 0.11%             | 2029-01-22      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| BlackRock, Inc.                                                                     | BlackRock, Inc.                                                                     | CUSIP: 09247XAS0<br>LEI: 549300LRIF3NWCU26A80 | Long             | DBT              | CORP              | US        |    275000 | PA      | $223767.64    | 0.11%             | 2032-02-25      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                               | CUSIP: 3140JY2W5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    413815 | PA      | $369805.27    | 0.19%             | 2049-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Simon Property Group, L.P.                                                          | Simon Property Group, L.P.                                                          | CUSIP: 828807DQ7<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    290000 | PA      | $226069.71    | 0.12%             | 2032-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Energy Transfer L.P.                                                                | Energy Transfer L.P.                                                                | CUSIP: 29278NAR4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    470000 | PA      | $388101.55    | 0.20%             | 2050-05-15      | Fixed         | 5.00%                 | 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      | $-21209.28    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TCI Communications, Inc.                                                            | TCI Communications, Inc.                                                            | CUSIP: 872287AL1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $772416.32    | 0.40%             | 2028-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                            | HCA Inc.                                                                            | CUSIP: 404119BQ1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    197000 | PA      | $196730.15    | 0.10%             | 2025-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                               | CUSIP: 3140X5WF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    225869 | PA      | $201460.33    | 0.10%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                               | CUSIP: 31418DXK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    671035 | PA      | $555716.09    | 0.28%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WaMu Mortgage Pass-Through Ctfs. Trust                                              | WaMu Mortgage Pass-Through Ctfs. Trust, Series 2005-AR14, Class 1A4                 | CUSIP: 92922F4D7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20169 | PA      | $18627.87     | 0.01%             | 2035-12-25      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Discovery Communications, LLC                                                       | Discovery Communications, LLC                                                       | CUSIP: 25470DBF5<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    289000 | PA      | $254675.65    | 0.13%             | 2029-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                                                                          | Apple Inc.                                                                          | CUSIP: 037833AT7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    476000 | PA      | $463574.02    | 0.24%             | 2044-05-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | CUSIP: 161175BS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $39681.95     | 0.02%             | 2049-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Simon Property Group, L.P.                                                          | Simon Property Group, L.P.                                                          | CUSIP: 828807CE5<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    244000 | PA      | $263053.46    | 0.13%             | 2040-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association, TBA                                          | CUSIP: 01F0206C8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6650000 | PA      | $5480275.37   | 2.81%             | 2052-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Blackstone Holdings Finance Co. L.L.C.                                              | Blackstone Holdings Finance Co. L.L.C.                                              | CUSIP: 09256BAJ6<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |    125000 | PA      | $113814.70    | 0.06%             | 2027-10-02      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                                               | International Business Machines Corp.                                               | CUSIP: 459200AP6<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    383000 | PA      | $476426.71    | 0.24%             | 2096-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips Co.                                                                  | ConocoPhillips Co.                                                                  | CUSIP: 208251AE8<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    200000 | PA      | $223143.70    | 0.11%             | 2029-04-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| California Institute of Technology                                                  | California Institute of Technology                                                  | CUSIP: 13034VAA2<br>LEI: 549300CITPNHOTVPHC04 | Long             | DBT              | CORP              | US        |     27000 | PA      | $22966.68     | 0.01%             | 2111-11-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | CUSIP: 161175BK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $349071.99    | 0.18%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                    | CUSIP: 3132DVK46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1127098 | PA      | $1025140.62   | 0.53%             | 2050-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bank                                                                                | Bank, Series 2019-BN16, Class XA                                                    | CUSIP: 065405AJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2303456 | PA      | $99443.63     | 0.05%             | 2052-02-15      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp                                                                        | U.S. Bancorp                                                                        | CUSIP: 91159HHM5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    160000 | PA      | $152020.28    | 0.08%             | 2026-04-27      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                                                | American Express Co.                                                                | CUSIP: 025816BR9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72683.40     | 0.04%             | 2024-10-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chevron Corp.                                                                       | Chevron Corp.                                                                       | CUSIP: 166764BT6<br>LEI: LJOF0JWZSCIUPEC3LQ45 | Long             | DBT              | CORP              | US        |    324000 | PA      | $317433.27    | 0.16%             | 2024-03-03      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Ascension Health                                                                    | Ascension Health, Series B                                                          | CUSIP: 04352EAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $195222.49    | 0.10%             | 2029-11-15      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| DuPont de Nemours, Inc.                                                             | DuPont de Nemours, Inc.                                                             | CUSIP: 26078JAC4<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |    610000 | PA      | $605544.88    | 0.31%             | 2025-11-15      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                                               | Westpac Banking Corp.                                                               | CUSIP: 961214CX9<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    451000 | PA      | $425849.04    | 0.22%             | 2026-05-13      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Southwest Gas Corp.                                                                 | Southwest Gas Corp.                                                                 | CUSIP: 845011AE5<br>LEI: OQQR1IQTGBKH0UR88X59 | Long             | DBT              | CORP              | US        |    475000 | PA      | $414922.24    | 0.21%             | 2032-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Black Hills Corp.                                                                   | Black Hills Corp.                                                                   | CUSIP: 092113AH2<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    216000 | PA      | $213649.25    | 0.11%             | 2023-11-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                  | National Rural Utilities Cooperative Finance Corp.                                  | CUSIP: 637432MV4<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    305000 | PA      | $300423.06    | 0.15%             | 2023-11-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                              | CUSIP: 3137B93W3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    133390 | PA      | $13742.70     | 0.01%             | 2044-01-15      | Floating      | 2.23%                 | No            |                  2 | On Loan: No      |
| Consolidated Edison Co. of New York, Inc.                                           | Consolidated Edison Co. of New York, Inc.                                           | CUSIP: 209111FQ1<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    200000 | PA      | $168386.47    | 0.09%             | 2058-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                               | CUSIP: 3140X4RK4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    109097 | PA      | $108218.98    | 0.06%             | 2049-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                                                   | Eversource Energy, Series L                                                         | CUSIP: 30040WAD0<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    230000 | PA      | $221064.21    | 0.11%             | 2024-10-01      | Fixed         | 2.90%                 | 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      | $46208.81     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                                            | PNC Financial Services Group, Inc. (The)                                            | CUSIP: 693475AP0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    270000 | PA      | $266548.67    | 0.14%             | 2024-04-29      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Appalachian Power Co.                                                               | Appalachian Power Co.                                                               | CUSIP: 037735CM7<br>LEI: 3SCHO1ABYYIG382BEI70 | Long             | DBT              | CORP              | US        |    250000 | PA      | $280337.56    | 0.14%             | 2038-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Invesco Liquid Assets Portfolio                                                     | Invesco Liquid Assets Portfolio                                                     | CUSIP: 825252729<br>LEI: 549300DC1W0JSX3QRC47 | Long             | STIV             | RF                | US        |    256616 | NS      | $256692.71    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooperatieve Rabobank U.A.                                                          | Cooperatieve Rabobank U.A.                                                          | CUSIP: 21685WCJ4<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    125000 | PA      | $128027.03    | 0.07%             | 2041-05-24      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Norway Government Bond                                                              | Norway Government Bond                                                              | CUSIP: BG0207897<br>LEI: 549300L0BT3FJTN9MX24 | Long             | DBT              | NUSS              | NO        |  21807000 | PA      | $1951843.75   | 1.00%             | 2030-08-19      | Fixed         | 1.38%                 | 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      | $217943.86    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                   | Enterprise Products Operating LLC                                                   | CUSIP: 29379VBT9<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    250000 | PA      | $238532.74    | 0.12%             | 2028-10-16      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable, LLC                                                              | Time Warner Cable, LLC                                                              | CUSIP: 88732JBD9<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    420000 | PA      | $315791.81    | 0.16%             | 2042-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Baker Hughes Holdings LLC                                                           | Baker Hughes Holdings LLC                                                           | CUSIP: 057224AZ0<br>LEI: 549300XU3XH6F05YEQ93 | Long             | DBT              | CORP              | US        |    152000 | PA      | $142724.01    | 0.07%             | 2040-09-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                               | CUSIP: 3140X7S59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    492532 | PA      | $428519.24    | 0.22%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ArcelorMittal S.A.                                                                  | ArcelorMittal S.A.                                                                  | CUSIP: 03938LAP9<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |     27000 | PA      | $27215.64     | 0.01%             | 2039-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Assured Guaranty US Holdings Inc.                                                   | Assured Guaranty US Holdings Inc.                                                   | CUSIP: 04621WAC4<br>LEI: 5493007YCE0652G9TZ64 | Long             | DBT              | CORP              | US        |    176000 | PA      | $176063.24    | 0.09%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                    | CUSIP: 718172AC3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    280000 | PA      | $291346.60    | 0.15%             | 2038-05-16      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                                                 | U.S. Treasury Notes                                                                 | CUSIP: 912828Z52<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8521000 | PA      | $8014399.96   | 4.11%             | 2025-01-31      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                                                   | Johnson & Johnson                                                                   | CUSIP: 478160BU7<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    300000 | PA      | $272161.63    | 0.14%             | 2036-03-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Mylan Inc.                                                                          | Mylan Inc.                                                                          | CUSIP: 628530BK2<br>LEI: 30ZMPDNA1RHIBH89C294 | Long             | DBT              | CORP              | US        |    225000 | PA      | $212156.51    | 0.11%             | 2028-04-15      | Fixed         | 4.55%                 | 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      | $-132538.14   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                    | CUSIP: 3132DVLA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1436962 | PA      | $1249777.90   | 0.64%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                   | CUSIP: 404280BX6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    325000 | PA      | $309763.29    | 0.16%             | 2026-09-12      | Variable      | 4.29%                 | No            |                  2 | On Loan: No      |
| Unum Group                                                                          | Unum Group                                                                          | CUSIP: 91529YAJ5<br>LEI: 549300E32YFDO6TZ8R31 | Long             | DBT              | CORP              | US        |     13000 | PA      | $11628.17     | 0.01%             | 2042-08-15      | Fixed         | 5.75%                 | 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      | $1412.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CDW LLC / CDW Finance Corp.                                                         | CDW LLC / CDW Finance Corp.                                                         | CUSIP: 12513GBE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $240107.50    | 0.12%             | 2025-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Energy Transfer L.P.                                                                | Energy Transfer L.P.                                                                | CUSIP: 29273RBL2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    389000 | PA      | $331510.48    | 0.17%             | 2047-04-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank U.A.                                                          | Cooperatieve Rabobank U.A.                                                          | CUSIP: 21684AAF3<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    300000 | PA      | $281820.01    | 0.14%             | 2026-07-21      | 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      | $-61601.22    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                               | CUSIP: 3136AYAT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    561385 | PA      | $41302.06     | 0.02%             | 2047-09-25      | Floating      | 1.88%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                                                         | Intel Corp.                                                                         | CUSIP: 458140CC2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    400000 | PA      | $364733.20    | 0.19%             | 2062-08-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                                                         | Truist Bank                                                                         | CUSIP: 86787EBB2<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9827.87      | 0.01%             | 2025-11-03      | Fixed         | 4.05%                 | 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      | $-132276.66   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                               | CUSIP: 06051GFU8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    430000 | PA      | $423130.65    | 0.22%             | 2026-03-03      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Union Electric Co.                                                                  | Union Electric Co.                                                                  | CUSIP: 906548CH3<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |    400000 | PA      | $515078.56    | 0.26%             | 2039-03-15      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| Australia and New Zealand Banking Group Ltd.                                        | Australia and New Zealand Banking Group Ltd.                                        | CUSIP: 05253JAL5<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |    400000 | PA      | $388566.68    | 0.20%             | 2025-11-16      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                        | Barclays PLC                                                                        | CUSIP: 06738EBW4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    470000 | PA      | $325293.33    | 0.17%             | 2042-11-24      | Variable      | 3.33%                 | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                                                          | Alibaba Group Holding Ltd.                                                          | CUSIP: 01609WAT9<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    330000 | PA      | $303385.35    | 0.16%             | 2027-12-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                                                 | U.S. Treasury Notes                                                                 | CUSIP: 91282CDV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    465000 | PA      | $445237.50    | 0.23%             | 2024-01-31      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Kaiser Foundation Hospitals                                                         | Kaiser Foundation Hospitals                                                         | CUSIP: 48305QAC7<br>LEI: DW4Z57L3G4IRMHYZYK62 | Long             | DBT              | CORP              | US        |    225000 | PA      | $212240.79    | 0.11%             | 2027-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Dignity Health                                                                      | Dignity Health                                                                      | CUSIP: 254010AE1<br>LEI: TFVG45LTYVO3XKPZWP18 | Long             | DBT              | CORP              | US        |    248000 | PA      | $210993.63    | 0.11%             | 2064-11-01      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                   | CUSIP: 404280CX5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $345018.84    | 0.18%             | 2027-11-22      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp.                                                                      | Amphenol Corp.                                                                      | CUSIP: 032095AG6<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    111000 | PA      | $108606.19    | 0.06%             | 2024-04-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Cigna Corp.                                                                         | Cigna Corp.                                                                         | CUSIP: 125523BZ2<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199265.99    | 0.10%             | 2026-02-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| nVent Finance S.a.r.l.                                                              | nVent Finance S.a.r.l.                                                              | CUSIP: 67078AAD5<br>LEI: 549300KO1OQ4MVFB6X02 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $370344.52    | 0.19%             | 2028-04-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Stanley Black & Decker, Inc.                                                        | Stanley Black & Decker, Inc.                                                        | CUSIP: 854502AH4<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |    331000 | PA      | $321953.04    | 0.16%             | 2028-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | U.S. Treasury Ultra Bonds Future                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        25 | NC      | $45703.12     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep N.V.                                                                      | ING Groep N.V.                                                                      | CUSIP: 456837AQ6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $227925.91    | 0.12%             | 2029-04-09      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                                                 | U.S. Treasury Notes                                                                 | CUSIP: 91282CDJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1241074.22   | 0.64%             | 2031-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                  | National Rural Utilities Cooperative Finance Corp., Series MTNC                     | CUSIP: 637432CT0<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    148000 | PA      | $177283.23    | 0.09%             | 2032-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                                                                          | Apple Inc.                                                                          | CUSIP: 037833CJ7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    500000 | PA      | $484138.25    | 0.25%             | 2027-02-09      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass-Through Ctfs.                               | Freddie Mac Multifamily Structured Pass-Through Ctfs., Series K734, Class X1, IO    | CUSIP: 3137FLN59<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |   3020303 | PA      | $49361.41     | 0.03%             | 2026-02-25      | Variable      | 0.79%                 | No            |                  2 | On Loan: No      |
| Affiliated Managers Group, Inc.                                                     | Affiliated Managers Group, Inc.                                                     | CUSIP: 008252AM0<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | DBT              | CORP              | US        |    106000 | PA      | $104874.47    | 0.05%             | 2024-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MetLife, Inc.                                                                       | MetLife, Inc., Series D                                                             | CUSIP: 59156RBT4<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    100000 | PA      | $92877.23     | 0.05%             | N/A             | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| B.A.T Capital Corp.                                                                 | B.A.T Capital Corp.                                                                 | CUSIP: 05526DAZ8<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192963.31    | 0.10%             | 2024-08-15      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| Canadian Pacific Railway Co.                                                        | Canadian Pacific Railway Co.                                                        | CUSIP: 13645RAX2<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $202998.69    | 0.10%             | 2115-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp.                                                                     | Microsoft Corp.                                                                     | CUSIP: 594918BJ2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    425000 | PA      | $413053.79    | 0.21%             | 2025-11-03      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| ArcelorMittal S.A.                                                                  | ArcelorMittal S.A.                                                                  | CUSIP: 03938LAS3<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |    225000 | PA      | $219833.99    | 0.11%             | 2041-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Uniform Mortgage-Backed Securities                                                  | Uniform Mortgage-Backed Securities, TBA                                             | CUSIP: 01F0506C5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2350000 | PA      | $2338984.38   | 1.20%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                         | Verizon Communications Inc.                                                         | CUSIP: 92343VFS8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    500000 | PA      | $448926.18    | 0.23%             | 2025-11-20      | Fixed         | 0.85%                 | 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      | $-3.87        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                                                | Mitsubishi UFJ Financial Group, Inc.                                                | CUSIP: 606822BC7<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    225000 | PA      | $212179.95    | 0.11%             | 2028-09-11      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                | CUSIP: 46647PAU0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    258000 | PA      | $255313.25    | 0.13%             | 2024-07-23      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp.                                                               | Parker-Hannifin Corp.                                                               | CUSIP: 701094AJ3<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |    300000 | PA      | $281280.34    | 0.14%             | 2027-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Western Union Co. (The)                                                             | Western Union Co. (The)                                                             | CUSIP: 959802AH2<br>LEI: 28ID94QU1140NC23S047 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245917.72    | 0.13%             | 2036-11-17      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| General Motors Co.                                                                  | General Motors Co.                                                                  | CUSIP: 37045VAT7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |     44000 | PA      | $40992.43     | 0.02%             | 2049-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                      | CUSIP: 172967LZ2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297618.24    | 0.15%             | 2024-06-01      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                               | CUSIP: 3140X6A76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    429337 | PA      | $371677.28    | 0.19%             | 2050-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| B.A.T Capital Corp.                                                                 | B.A.T Capital Corp.                                                                 | CUSIP: 05526DBB0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    407000 | PA      | $371542.87    | 0.19%             | 2027-08-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                                                   | Exxon Mobil Corp.                                                                   | CUSIP: 30231GBK7<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    450000 | PA      | $424073.32    | 0.22%             | 2030-03-19      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                        | Oracle Corp.                                                                        | CUSIP: 68389XCB9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    375000 | PA      | $267370.09    | 0.14%             | 2061-03-25      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Nomura Holdings, Inc.                                                               | Nomura Holdings, Inc.                                                               | CUSIP: 65535HAW9<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    290000 | PA      | $253070.39    | 0.13%             | 2026-07-14      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                    | CUSIP: 3132DMJA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    303711 | PA      | $271226.90    | 0.14%             | 2050-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson, Inc.                                                               | Harley-Davidson, Inc.                                                               | CUSIP: 412822AE8<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | DBT              | CORP              | US        |    279000 | PA      | $212457.18    | 0.11%             | 2045-07-28      | 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       |      -121 | NC      | $-70117.19    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| BP Capital Markets PLC                                                              | BP Capital Markets PLC                                                              | CUSIP: 05565QDH8<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    325000 | PA      | $309648.13    | 0.16%             | 2028-11-28      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                            | HCA Inc.                                                                            | CUSIP: 404119BZ1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    300000 | PA      | $262870.44    | 0.13%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                                                         | Intel Corp.                                                                         | CUSIP: 458140BN9<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    460000 | PA      | $418711.45    | 0.21%             | 2060-03-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| Bundesobligation                                                                    | Bundesobligation                                                                    | CUSIP: BN3329255<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |   2030000 | PA      | $1979821.62   | 1.01%             | 2026-04-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Qualcomm Inc.                                                                       | Qualcomm Inc.                                                                       | CUSIP: 747525AT0<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    681000 | PA      | $664849.42    | 0.34%             | 2024-05-20      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Baidu, Inc.                                                                         | Baidu, Inc.                                                                         | CUSIP: 056752AV0<br>LEI: 254900AL64IANZYI1E02 | Long             | DBT              | CORP              | KY        |    250000 | PA      | $213215.30    | 0.11%             | 2027-02-23      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions, Inc.                                                            | Motorola Solutions, Inc.                                                            | CUSIP: 620076BE8<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |     14000 | PA      | $12677.20     | 0.01%             | 2044-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                | CUSIP: 059438AG6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    250000 | PA      | $269260.70    | 0.14%             | 2025-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Lowe`s Cos., Inc.                                                                   | Lowe`s Cos., Inc.                                                                   | CUSIP: 548661DD6<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194548.47    | 0.10%             | 2024-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                           | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                           | CUSIP: 00774MAX3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    150000 | PA      | $119650.91    | 0.06%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                                                        | National Australia Bank Ltd.                                                        | CUSIP: 63254AAS7<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $231719.50    | 0.12%             | 2026-07-12      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Swiss Confederation Government Bond                                                 | Swiss Confederation Government Bond                                                 | CUSIP: EK9112641<br>LEI: 5067006OA1BJ88912Q83 | Long             | DBT              | NUSS              | CH        |   2572000 | PA      | $2617049.75   | 1.34%             | 2030-05-27      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association, TBA                                          | CUSIP: 01F0204C0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1032000 | PA      | $928618.60    | 0.48%             | 2037-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                      | CUSIP: 172967FX4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206388.68    | 0.11%             | 2042-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association, TBA                                          | CUSIP: 01F0306C7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   8742000 | PA      | $7740329.49   | 3.97%             | 2052-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Omnicom Group Inc / Omnicom Capital Inc.                                            | Omnicom Group Inc / Omnicom Capital Inc.                                            | CUSIP: 681919BA3<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195436.50    | 0.10%             | 2024-11-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Magallanes, Inc.                                                                    | Magallanes, Inc.                                                                    | CUSIP: 55903VAJ2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    525000 | PA      | $460133.39    | 0.24%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Collins Aerospace                                                                   | Collins Aerospace                                                                   | CUSIP: 774341AJ0<br>LEI: XO75O7GICH1NPWLBRL05 | Long             | DBT              | CORP              | US        |    441000 | PA      | $433142.24    | 0.22%             | 2024-03-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Jefferies Financial Group Inc.                                                      | Jefferies Financial Group Inc.                                                      | CUSIP: 472319AC6<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    182000 | PA      | $181913.23    | 0.09%             | 2036-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Southwest Airlines Co.                                                              | Southwest Airlines Co.                                                              | CUSIP: 844741BK3<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125855.92    | 0.06%             | 2027-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Banco Santander S.A.                                                                | Banco Santander S.A.                                                                | CUSIP: 05964HAB1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $376249.76    | 0.19%             | 2027-04-11      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| General Motors Co.                                                                  | General Motors Co.                                                                  | CUSIP: 37045VAK6<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101221.87    | 0.05%             | 2036-04-01      | Fixed         | 6.60%                 | 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      | $4113.83      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CNA Financial Corp.                                                                 | CNA Financial Corp.                                                                 | CUSIP: 126117AU4<br>LEI: 549300YX2GSZD7YG1R84 | Long             | DBT              | CORP              | US        |    300000 | PA      | $278319.25    | 0.14%             | 2027-08-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                               | CUSIP: 3136APZR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    236874 | PA      | $29799.68     | 0.02%             | 2035-08-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                        | Barclays PLC                                                                        | CUSIP: 06738EBG9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     94000 | PA      | $90710.00     | 0.05%             | N/A             | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Nomura Holdings, Inc.                                                               | Nomura Holdings, Inc.                                                               | CUSIP: 65535HAZ2<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $175484.44    | 0.09%             | 2027-01-22      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| Service Properties Trust                                                            | Service Properties Trust                                                            | CUSIP: 44106MAZ5<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     61000 | PA      | $57024.02     | 0.03%             | 2024-10-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                     | CUSIP: 38141GVM3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1077000 | PA      | $1064926.59   | 0.55%             | 2024-03-03      | Fixed         | 4.00%                 | 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      | $864.12       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Raytheon Technologies Corp.                                                         | Raytheon Technologies Corp.                                                         | CUSIP: 75513ECH2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    292000 | PA      | $274848.88    | 0.14%             | 2027-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sabra Health Care L.P.                                                              | Sabra Health Care L.P.                                                              | CUSIP: 14162VAB2<br>LEI: 549300OVKLRFSIQG0H81 | Long             | DBT              | CORP              | US        |     28000 | PA      | $26433.79     | 0.01%             | 2026-08-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PerkinElmer, Inc.                                                                   | PerkinElmer, Inc.                                                                   | CUSIP: 714046AG4<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |    200000 | PA      | $174790.41    | 0.09%             | 2029-09-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                    | Amazon.com, Inc.                                                                    | CUSIP: 023135CK0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    475000 | PA      | $401980.03    | 0.21%             | 2062-04-13      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Spirit Airlines Pass-Through Trust                                                  | Spirit Airlines Pass-Through Trust, Series A                                        | CUSIP: 84858DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     87447 | PA      | $78132.65     | 0.04%             | 2029-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Sweden Government Bond                                                              | Sweden Government Bond                                                              | CUSIP: EK0417692<br>LEI: ERE94C0BSULG2RM19605 | Long             | DBT              | NUSS              | SE        |  24990000 | PA      | $2382419.20   | 1.22%             | 2025-05-12      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Co.                                                      | Southern California Edison Co.                                                      | CUSIP: 842400ES8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    168000 | PA      | $175413.94    | 0.09%             | 2034-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Bank, N.A.                                                              | Wells Fargo Bank, N.A.                                                              | CUSIP: 92976GAJ0<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |    300000 | PA      | $331998.94    | 0.17%             | 2038-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| AEP Texas Inc.                                                                      | AEP Texas Inc.                                                                      | CUSIP: 00108WAG5<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    806000 | PA      | $755910.11    | 0.39%             | 2028-06-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                    | CUSIP: 718172CS6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    300000 | PA      | $235182.52    | 0.12%             | 2030-11-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association, TBA                                          | CUSIP: 01F0226C4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3700000 | PA      | $3166679.71   | 1.62%             | 2052-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Brookfield Finance Inc.                                                             | Brookfield Finance Inc.                                                             | CUSIP: 11271LAC6<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $223401.07    | 0.11%             | 2028-01-25      | Fixed         | 3.90%                 | 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      | $-95994.37    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp.                                                                     | Microsoft Corp.                                                                     | CUSIP: 594918CF9<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    450000 | PA      | $328710.72    | 0.17%             | 2062-03-17      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| Corning Inc.                                                                        | Corning Inc.                                                                        | CUSIP: 219350BL8<br>LEI: 549300X2937PB0CJ7I56 | Long             | DBT              | CORP              | US        |    110000 | PA      | $101862.63    | 0.05%             | 2068-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                    | CUSIP: 3133KHJH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     62266 | PA      | $61255.11     | 0.03%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes                                                                 | U.S. Treasury Notes                                                                 | CUSIP: 9128282A7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4500000 | PA      | $4116972.65   | 2.11%             | 2026-08-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FedEx Corp.                                                                         | FedEx Corp.                                                                         | CUSIP: 31428XCA2<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |    500000 | PA      | $462452.06    | 0.24%             | 2050-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                               | CUSIP: 01F0304C9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3529522.01   | 1.81%             | 2037-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                      | CUSIP: 61746BDZ6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    415000 | PA      | $402292.65    | 0.21%             | 2026-01-27      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Consolidated Edison Co. of New York, Inc.                                           | Consolidated Edison Co. of New York, Inc.                                           | CUSIP: 209111FW8<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1136570.36   | 0.58%             | 2059-11-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

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

**Signature:** Sheri Morris

**Name of Signer:** Sheri Morris

**Title:** President